Latest news with #SNA
Time of India
3 days ago
- Business
- Time of India
Telangana BJP questions inflated estimates for Metro Phase-II
Hyderabad: alleged that the Congress govt, which has been blaming the Centre for not providing adequate financial support to Telangana, has failed to utilise funds allocated under centrally sponsored schemes (CCS) and has not implemented necessary reforms to secure additional funding. Tired of too many ads? go ad free now The party further stated that the Phase-II was not cleared due to its high cost estimates compared to similar Metro projects in other cities. Addressing a press conference at the BJP headquarters, the party's state official spokesperson, Sarangula Amarnath, said that the state govt is plagued by inefficiency and poor financial mismanagement. "The CAG report released on Friday clearly indicates that the state had already borrowed 37% of this year's budgeted estimates. Chief minister A Revanth Reddy is totally oblivious of the public finance system that governs various CCS and grants," he said. "Despite generous allocations under the Finance Commission devolution, CSS and one-off grants, large sums remain unutilised in single nodal agency (SNA) bank accounts. These funds often lapse due to the state's failure to provide matching shares or are withheld because mandatory conditions are not met. Between 2020-21 and 2024-25 (till Feb 2, 2025), the Centre released ₹78,859.87 crore to Telangana under various Central sponsored schemes. Yet the state reported significant unspent balances in SNA accounts," Amarnath said. Citing examples, he pointed out that ₹1,812 crore remained idle in SNA accounts at the end of last financial year, according to CAG findings. "Telangana is suffering significant losses in Central funding due to its failure to implement key reforms mandated by the Union govt, with the state forgoing an estimated ₹25,000 crore over five years and risking additional losses of ₹5,000 crore annually due to incomplete reform compliance in sectors such as the power sector, holding local bodies elections, matching share, not providing utilisation certificates and FRMB violations," the spokesperson said. Tired of too many ads? go ad free now On Metro Phase-II, Amarnath alleged that the Revanth Reddy govt had abnormally increased estimations for the project. "For instance, the estimated cost per km for the Hyderabad Metro Phase-II is Rs 318 crore, whereas the AP govt's estimation for Vijayawada city metro is just Rs 260 crore and for Visakhapatnam it is just Rs 248 crore per km," the BJP leader said. "For whose benefit are these inflated Metro Phase-II estimates? Who will pocket the 30% excess per km," he asked.
Irish Independent
6 days ago
- General
- Irish Independent
Wexford principal is at wits' end as he fights for SNA support for child with complex needs
A Wexford primary school principal says he's 'at his wits' end' while trying to resolve an anomaly that has resulted in a pupil with very complex needs being refused the continuation of their special needs assistant support as they transition from second class in their junior school to third class in the senior school next door. The student will make the move from the Catherine McAuley Junior School to Bunscoil Rís in September this year, which is the standard process in the schools once the students reach third class, and both schools are run by a joint Board of Management. However, the principal of Bunscoil Rís, Gerry Moran, is publicly calling on the National Council for Special Education (NCSE) to re-allocate an SNA to the school that one of the pupil's had access to in second class, which he claims he has been fighting for since Easter, 2025. "As a primary school principal, I am at my wits' end trying to get some SNA support for a very complex child who will enrol in our school in September,' Mr Moran said. 'This is because of a simple anomaly, that the NCSE refuses to address, and his SNA will not transfer with him to the new school,' he said. Mr Moran explained that the case 'is so complex' that Middletown Centre of Autism in Monaghan will advise and support the school. 'They only support between five and seven pupils per year, yet the NCSE in Ireland will not allocate an SNA to our school that the pupil had in second class,' he said. 'The Middletown Centre for Autism understands the complexity of this pupil, yet the NCSE 'stands behind processes and procedures,' said Mr Moran. 'My understanding is that the Special Educational Needs Officer on the ground, who is excellent, and the team manager, who has promoted our case, both understand the issue, but line managers are stuck behind parameters. Our pupil does not fit into any parameters,' Mr Moran said. He said the NSCE is failing to recognise that the child will rely on their SNA, given their complex needs. In adding to the frustration of those involved in trying to provide adequate resources, a new application for SNA supports can only be made after the child has enrolled in the school. This is a process that could take months to be finalised and receive the new allocation of the supports. 'Despite numerous email communications with the local NCSE team manager for Wexford/Waterford, there seems to be no allocation forthcoming,' he said. 'The team manager stated that 'NCSE will continue to prioritise schools with no SNA access, schools with medically compromised or vulnerable children and highly complex cases'. I have explained that we are in this category of being a highly complex case, as the pupil in question had access to an SNA. I have been chasing this extra SNA support since Easter, and we are now at the middle of July and NCSE are refusing to make an allocation,' he said. Mr Moran commended the 'excellent' Special Education Needs Organiser (SENO), Selina Lynge, who he said has a 'clear understanding of the needs' in the school, however, he's struggling to comprehend the disconnect between the SENOs and their higher powers. The principal also claims that the allocation system is 'failing pupils'. In Budget 2023, the NCSE was allocated €13 million to support its Vision 26 transformation program, which involves organisational changes and recruitment, which was an additional €13 million, however, it's the view of the principal that 'the system seems to be as chaotic as ever.' 'It is extremely frustrating as a school principal that we must go to such lengths to beg the NCSE for resources. 'If this pupil was in a single stream school with classes from junior to sixth class, there would be no issue with his SNA in third class and as resources are not transferred, both the school and the child are penalised,' he said, adding that he has also contacted the leading members of other support services 'to see if they can help'. Bunscoil Rís currently has five classes for pupils with autism, and the NCSE has provided the required staffing including teachers and SNAs for the classes, which Mr Moran said the school is 'thankful' for, however, he noted that the allocation of the fifth class 'only came about after an incredibly difficult fight for resources'. 'I know from speaking with other local principals that many are frustrated by how the NCSE operates and dealing with them is like pulling teeth, just painful,' he said.
Fashion Value Chain
7 days ago
- General
- Fashion Value Chain
Venkateswara Nursing College Clinches Zonal Championship at 31st Tamil Nadu SNAI Biennial Conference, Secures Spot in State-Level Competition
The Student Nurses Association of Indias 31st State Biennial Conference was held at Venkateswara Nursing College, Thalambur, Chennai, on Friday, 18th July 2025. The event was organized by the Trained Nurses Association of India (TNAI), Tamil Nadu State Branch, under the theme 'Learning Today, Leading Tomorrow: The Journey of a Nursing Student.' It brought together 444 student nurses from 21 nursing colleges across Kancheepuram, Chengalpattu, and Thiruvallur districts, who competed in a vibrant lineup of fifteen events. Venkateswara Nursing College Clinches Zonal Championship at 31st Tamil Nadu SNAI Biennial Conference, Secures Spot in State-Level Competition The day began with registration at 8:00 a.m., followed by the inaugural ceremony at 9:00 a.m., which included the traditional lighting of the lamp by the Facilitator, Principal, Vice-Principal of Venkateswara Nursing College, Thalambur, SNA Advisor, and the Student SNA Representative. Dr. (Mrs.) Ciby Jose, Principal of Venkateswara Nursing College, welcomed the gathering and encouraged students to participate with enthusiasm and sportsmanship. This was followed by a motivating address by Dr. Anitha Rajendra Babu, Chairperson of the Membership Committee, TNAI-TN Branch, who highlighted TNAI's initiatives to nurture leadership, teamwork, and holistic development among student nurses. Event guidelines were explained by Mrs. Priscilla Premkumari, the SNA Advisor. The competitions which included face painting, vegetable carving, hair styling, mehendi, comedy performance, mono acting, extempore speech, essay writing, pencil sketching, poster making, floor decoration (rangoli), on-the-spot painting, group dance, solo singing, and the Best SNA Unit contest were conducted simultaneously across various venues from 10:00 a.m. onwards. Each event was evaluated by two external experts from the respective fields, ensuring fair and unbiased judgment. Winners of individual and group events were honored by the Facilitator, Principal, and Vice-Principal of Venkateswara Nursing College. Venkateswara Nursing College emerged as the overall champion, securing the highest accolades in the The valedictory session. Venkateswara Nursing College Thalambur will now represent Zone-2 at the State-Level Competitions scheduled to be held from 13th to 15th August 2025. Bon Secours College of Nursing, Kancheepuram, secured second place, while GRT College of Nursing, Tiruttani, took third place. Two student volunteers from different colleges shared their feedback, appreciating the expert judgment that ensured fair recognition of talent, the timely and efficient execution of the events, and the warm hospitality extended by Venkateswara Nursing College, Thalambur.
Time of India
21-07-2025
- Time of India
Contract staffer booked for Rs 3.1cr PM scheme scam
Dehradun: A case was registered against a contractual MIS (management information system) coordinator for allegedly siphoning off Rs 3.1 crore from the education department's account on Sunday at Raipur police station in Dehradun district. The funds were part of the PM Poshan Yojana, which provides mid-day meals to students in govt and aided schools. According to the complaint filed by Premlal Bharti, district education officer (Elementary), Dehradun, the accused, Naveen Singh Rawat, allegedly began embezzling the funds in the 2022–23 financial year. He was officially designated as a bill maker but also took on the responsibilities of bill checking—typically handled by the assistant accounts officer—allowing him to bypass oversight and divert funds. Bharti said, "The department's account had around Rs 7 crore, which Rawat accessed without authorisation. The fraud came to light last month when we attempted a fund transfer and the bank reported insufficient balance." Under PM Poshan Yojana, students up to Class VIII are allotted daily allowances — Rs 8 for Classes I–V and Rs 10 for Classes VI–VIII — through which food items like pulses, spices, and salt etc is bought for their meals, official of education dept said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like My 4-year-old kidneys are failing, only you can help Donate For Health Donate Now Undo Funds are distributed across all 13 districts via single nodal accounts (SNA). "He may have used the money to pay off a gym loan or possibly for online gaming. An FIR has been filed, investigation will reveal the facts," Bharti said. Pankaj Bhatt, cop at Raipur police station, said an FIR under IPC Section 409 (criminal breach of trust by a public servant) has been registered. "He has been working on contract for the past ten years. The matter is under investigation," Bhatt added.
Yahoo
17-07-2025
- Business
- Yahoo
Snap-on (NYSE:SNA) Reports Sales Below Analyst Estimates In Q2 Earnings
Professional tools and equipment manufacturer Snap-on (NYSE:SNA) fell short of the market's revenue expectations in Q2 CY2025, with sales falling 7.9% year on year to $1.18 billion. Its GAAP profit of $4.72 per share was 2% above analysts' consensus estimates. Is now the time to buy Snap-on? Find out in our full research report. Snap-on (SNA) Q2 CY2025 Highlights: Revenue: $1.18 billion vs analyst estimates of $1.25 billion (7.9% year-on-year decline, 6% miss) EPS (GAAP): $4.72 vs analyst estimates of $4.63 (2% beat) Adjusted EBITDA: $354.3 million vs analyst estimates of $355 million (30% margin, in line) Operating Margin: 27.8%, in line with the same quarter last year Free Cash Flow Margin: 18.4%, similar to the same quarter last year Organic Revenue was flat year on year (-7.7% in the same quarter last year) Market Capitalization: $16.37 billion Company Overview Founded in 1920, Snap-on (NYSE:SNA) is a global provider of tools, equipment, and diagnostics for various industries such as vehicle repair, aerospace, and the military. Revenue Growth Reviewing a company's long-term sales performance reveals insights into its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Regrettably, Snap-on's sales grew at a tepid 5.7% compounded annual growth rate over the last five years. This was below our standard for the industrials sector and is a tough starting point for our analysis. Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Snap-on's recent performance shows its demand has slowed as its revenue was flat over the last two years. We also note many other Professional Tools and Equipment businesses have faced declining sales because of cyclical headwinds. While Snap-on's growth wasn't the best, it did do better than its peers. We can better understand the company's sales dynamics by analyzing its organic revenue, which strips out one-time events like acquisitions and currency fluctuations that don't accurately reflect its fundamentals. Over the last two years, Snap-on's organic revenue averaged 3.6% year-on-year declines. Because this number is lower than its normal revenue growth, we can see that some mixture of acquisitions and foreign exchange rates boosted its headline results. This quarter, Snap-on missed Wall Street's estimates and reported a rather uninspiring 7.9% year-on-year revenue decline, generating $1.18 billion of revenue. Looking ahead, sell-side analysts expect revenue to grow 3.9% over the next 12 months. While this projection indicates its newer products and services will catalyze better top-line performance, it is still below average for the sector. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Operating Margin Snap-on has been a well-oiled machine over the last five years. It demonstrated elite profitability for an industrials business, boasting an average operating margin of 25.4%. This result isn't surprising as its high gross margin gives it a favorable starting point. Analyzing the trend in its profitability, Snap-on's operating margin rose by 1.8 percentage points over the last five years, as its sales growth gave it operating leverage. In Q2, Snap-on generated an operating margin profit margin of 27.8%, in line with the same quarter last year. This indicates the company's cost structure has recently been stable. Earnings Per Share We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Snap-on's EPS grew at a remarkable 12.6% compounded annual growth rate over the last five years, higher than its 5.7% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. Diving into the nuances of Snap-on's earnings can give us a better understanding of its performance. As we mentioned earlier, Snap-on's operating margin was flat this quarter but expanded by 1.8 percentage points over the last five years. On top of that, its share count shrank by 3.3%. These are positive signs for shareholders because improving profitability and share buybacks turbocharge EPS growth relative to revenue growth. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For Snap-on, its two-year annual EPS growth of 2% was lower than its five-year trend. We hope its growth can accelerate in the future. In Q2, Snap-on reported EPS at $4.72, down from $5.07 in the same quarter last year. Despite falling year on year, this print beat analysts' estimates by 2%. Over the next 12 months, Wall Street expects Snap-on's full-year EPS of $18.76 to grow 3.2%. Key Takeaways from Snap-on's Q2 Results It was good to see Snap-on narrowly top analysts' organic revenue expectations this quarter. On the other hand, its revenue missed. Overall, this was a softer quarter. The stock remained flat at $311 immediately following the results. Is Snap-on an attractive investment opportunity at the current price? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
