STUDENT SPOTLIGHT Wilmingtons Cornish Trivellin Graduate From Becker College

first_imgWORCESTER, MA — Becker College recognized graduates during the College’s 230th Commencement Ceremony on May 5, 2018.Jocelyn Cornish, of Wilmington, graduated Magna Cum Laude with a Bachelor of Science degree in Nursing.Roy Trivellin III, of Wilmington, graduated Cum Laude with a Bachelor of Science degree in Nursing.About Becker CollegeFounded in 1784, Becker College is an undergraduate and graduate, career-focused private college, providing a supportive and inclusive learning community that prepares graduates for their first to last careers. Nearly 1,800 students from the United States and around the world live and learn on the College’s Worcester and Leicester campuses. With nationally recognized programs in nursing, game design and animal studies, Becker has been consistently ranked as a “Best College” for undergraduate education by The Princeton Review.(NOTE: The above announcement is from Becker College via Merit.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedSTUDENT SPOTLIGHT: Wilmington’s Mason & Ravagni Graduate From Becker CollegeIn “Education”STUDENT SPOTLIGHT: Wilmington’s Mason & Ravagni Named To Dean’s List At Becker CollegeIn “Education”STUDENT SPOTLIGHT: 4 Wilmington Students Graduate From Endicott CollegeIn “Education”last_img read more

RBI confident NBFC liquidity situation will improve

first_imgThe central bank’s decision not to conduct an asset quality review of non-banking financial companies (NBFC) is driven by market concerns though there are widespread worries about a possible meltdown because of the current liquidity situation and non-performing assets (NPA). The situation of the NBFCs came into public focus after IL&FC, a leading NBFC, defaulted on some of its repayment commitments triggering panic among investors.Worries persist despite Reserve Bank of India (RBI) governor Shaktikanta Das recently shrugging off liquidity concerns pertaining to NBFCs and ruling out an asset quality review. Das contended that such a review could ring alarm bells and might not be well-received by the market.Speaking to a group of foreign portfolio investors (FPIs) in Hong Kong earlier in the week, Das affirmed that the RBI was prepared to step in to meet the liquidity needs of NBFCs, according to a media report. The top banking regulator said the quantum of NPAs had dipped significantly in one year and that the worst seemed to be over for the banking sector, the Business Standard website said citing an unidentified source.FPIs attending the meeting included asset managers such as Templeton, Fidelity, and Blackrock, as well as some hedge funds and distressed asset investors. The IL&FS default led to panic among mutual funds and banks, resulting in a decline in the availability of debt capital and rise of cost of debt capital for NBFCs and housing finance companies (HFCs) and generally creating a liquidity crisis in an election year.The Bharatiya Janata Party-led National Democratic Alliance (NDA) government of Prime Minister Narendra Modi is already under pressure over employment data and a farm crisis that saw three states slip out of the party’s hands in December 2018 elections. The liquidity crisis has hit the micro, small and medium enterprises (MSME) which are considered the mainstay of employment generation and semiurban and rural liquidity. The government has already announced steps to improve the liquidity of MSMEs and farmers through direct benefit transfers. But a crisis of NBFCs that immensely contribute to the rural and semi-urban economy could affect the government’s attempts for returning to power in the general election 2019.”The marginal funding cost for NBFCs/HFCs from various sources have gone up 25-100 basis points. The increase in the cost of borrowing is clearly visible in the 50 bps increase in credit spread for NBFC bonds over government securities since August 2018,” a recent research note by Ambit says.After years of low profitability because of weak asset quality and growth slowdown, analysts expect the Indian banking sector to turn around in FY20. Brokers JM Financial believes the stress from corporate bad debt is subsiding and will reflect in lower slippages.last_img read more

Central forces proactive in Bengal Trinamool peeved

first_imgKolkata: The streets, lanes and alleys of various pockets in West Bengal, including the eastern metropolis, are now filled with the sounds of heavy boots of the central paramilitary forces, as the troopers hold route marches, go door to door warning possible miscreants and asking people whether they are facing threats in connection with the polls. All these activities have angered the ruling Trinamool Congress, and its leaders have gone ballistic against the forces. A former minister has even warned of “mass revolt”. Also Read – Bose & Gandhi: More similar than apart, says Sugata Bose The troopers, who started arriving in the state on Friday — 27 days before the first phase of polls on April 11 — have been visiting vulnerable pockets in the metropolis and the districts in a bid to instil confidence among the voters. The state has a history of political violence, and the panchayat polls last year saw spewing of much blood, with ruling Trinamool Congress winning around 34 per cent of the seats uncontested amid allegations that candidates of other parties were forcibly not allowed to file their nominations. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: Mamata The 10 companies of troppers from the Border Security Force (BSF) and Sashastra Seema Bal (SSB) have now been deployed in Malda, North Dinajpur, Murshidabad, Birbhum, East Midnapore, West Midnapore, North 24-Parganas, South 24-Parganas and Kolkata districts. At Ultadanga in the city’s northeastern fringes, a trooper was seen sternly telling a woman that if her son tries to play any mischief, strong action will be taken. “Koi dadagiri nehi karega (no one can bully) the trooper said. In West Burdwan district’s Andal, that comes under the Asansol constituency represented in Lok Sabha by BJP’s Babul Supriyo, the troopers carried out a route march, enquiring from people whether they were fine. “Is everything okay? Hope you are not facing any problem related to the polls,” a trooper asked an old man Ranjit Dutta. “Is anybody trying to terrorise you?” he asked again. The footages aired on television led to a political slugfest. Trinamool Secretary General Partha Chatterjee alleged the forces were trying to terrorise voters. “Do they have any such rights? We don’t have anything against the deployment of central forces. Their duty is to ensure free and fair polls. For this, they have to depend on the local administration,” he said. Trinamool MP from Barasat Kakoli Ghosh Dastidar took exception, saying she would look into the legal provisions to find out if the commandant exceeded his brief. “Telling people that there should be no disturbances two months before the polls is not the duty of the paramilitary forces,” she said. City Mayor and Trinamool leader Firhad Hakim warned if the troopers visit houses and issue threats, “we will bring it to the notice of the Election Commission”. He alleged that some of the troopers have arrived with “a commitment”. “They have to remain neutral. But if the forces or some of their commandants have come with a commitment, that’s improper. We will draw the attention of the Election Commission,” he said. Going a step ahead, Trinamool legislator Sujit Bose warned that the forces and the commission would have to bear the responsibility if there were “resultant problems”. “The paramilitary forces have to follow certain rules. They can’t go beyond their mandate. If they do so, and insult slum dwellers, then they and the Election Commission will be responsible for the resultant problems,” Bose said. But the sternest warning came from Trinamool leader Madan Mitra. “The way the central forces have started terrorising people, and the way they are creating pressure on the local administration, if there is a public revolt, they won’t be able to tackle it,” he said in Barasat of North 24 Parganas district. On the other hand, the Bharatiya Janata Party mocked the Trinamool. “The central forces are only asking people to cast their own votes, and not to be afraid. Why is the Trinamool all worked up at such a small thing? “Actually they are afraid that if people cast their own votes, it will be the end of the road for the Trinamool in this state,” said state BJP Vice President Jay Prakash Majumdar.last_img read more