SIT Land Holdings Ltd (SIT.mu) listed on the Stock Exchange of Mauritius under the Agricultural sector has released it’s 2016 interim results for the third quarter.For more information about SIT Land Holdings Ltd (SIT.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the SIT Land Holdings Ltd (SIT.mu) company page on AfricanFinancials.Document: SIT Land Holdings Ltd (SIT.mu) 2016 interim results for the third quarter.Company ProfileSIT Land Holdings Limited is an investment holdings company. The company is involved in the growing of sugarcane in Mauritius. SIT Land Holdings Limited also engages in the acquisition, holding and disposal of agricultural properties. SIT Land Holdings Limited is listed on the Stock Exchange of Mauritius.
Rupert Hargreaves owns no share mentioned. The Motley Fool UK owns shares of and has recommended Apple and recommends the following options: short March 2023 $130 calls on Apple and long March 2023 $120 calls on Apple. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” See all posts by Rupert Hargreaves Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Apple (NASDAQ: AAPL) stock was one of the market’s best-performing investments in 2020. Shares in the company returned almost 100%, excluding dividends, throughout the year as the group benefited from the increasing demand for its consumer electronics products. It also continued to generate enormous amounts of cash, despite headwinds from the pandemic.However, this year, the trend has reversed. Investors have been selling Apple stock over the past few months due to concerns about its valuation and rising interest rates. Over the past month, shares in the company have fallen 14%. Year-to-date, the stock is off 10%. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…I think this could be an excellent opportunity for me to buy shares in this business at an attractive valuation.As this is a US-listed business, all of the above figures are in dollar terms. Due to the exchange rate fluctuations over the period, sterling returns may differ. The difference in exchange rates is something investors will need to consider before investing in US equities. Apple stock for the long termApple is a tremendous business. Despite the high cost of its products, its brand is so powerful consumers are prepared to pay over the odds to buy its phones, laptops and wearables. And once consumers are part of the Apple ecosystem, it can become difficult to leave. Photos and downloaded media are challenging to transfer to another operator. Further, there’s more to Apple than its phones, tablets and laptops. Its services division, which offers cloud storage and music downloads, provides tens of billions of dollars in revenues to the group every year. For the same reasons outlined above, this division’s revenues are relatively sticky because consumers can find it difficult to go elsewhere.Based on these factors, I think Apple stock could be a tremendous long-term investment. That’s not to say the company doesn’t face any risks. Regulators are becoming increasingly aggressive towards Big Tech.Risks ahead It emerged only last week that Europe is planning to charge Apple with antitrust abuse for the first time after competitors complained about its app store policies. It’s unclear how much of an impact these legal challenges could have on the group’s top and bottom lines in the long term. Then there are technological challenges to consider. Apple revolutionised the smartphone market, but it has fallen behind in recent years. The company has slipped to fourth place in the global smartphone market.This doesn’t suggest the group’s demise is anywhere near imminent. However, I think it’s something to keep in mind. History is littered with tech companies that once dominated the market but were then overtaken. Blackberry and Nokia are key examples. Despite these risks, I’d buy Apple stock for my portfolio today. The company is one of the world’s most profitable businesses, and it has shown a preference for returning excess cash to investors with share buybacks and dividends.As long as it continues to invest in its product (Apple spent a record $19bn on research and development last year), I think the group should be able to stay ahead of its peers. Apple stock has crashed! Should I buy the stock now? Our 6 ‘Best Buys Now’ Shares Image source: Getty Images Rupert Hargreaves | Tuesday, 9th March, 2021 | More on: AAPL I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. 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The brochures for the 2001 CASE Circle of Excellence Awards Program are now available. The brochures for the 2001 CASE Circle of Excellence Awards Program are now available. The Awards, established over 20 years ago, are designed to recognise the outstanding achievements of advancement professionals at CASE member institutions, and are divided into 43 categories, covering all aspects of alumni relations, communications/marketing and fundraising. Advertisement CASE Circle of Excellence Awards 2001 Howard Lake | 8 February 2001 | News They are prestigious awards, which are given wide publicity among the 3,000 CASE member institutions around the world. The deadline for entries is Friday 16 March 2001 and Friday 2 March for the video categories. Find out more from CASE. About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 18 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis
February 11, 2021 Find out more Reporters Without Borders condemns the fine of 28,000 levas (14,000 euros) which the weekly Videlina (www.videlinabg.com) has been ordered to pay by 14 July for publishing a reader’s letter in October 2007 accusing a local politician of corruption. The fine has been upheld by an appeal court in the southern city of Plovdiv.“It is deplorable that a newspaper or magazine can be convicted for publishing a reader’s letter,” Reporters Without Borders said. “Videlina cannot be blamed or held responsible for the views expressed by one of its readers, who anyway said she assumed complete responsibility for what she was writing. The people who were criticised by this reader, Kunka Delsheva, should have used their right of reply in Videlina instead of suing it.”The initial ruling against Videlina, issued by judge Nevena Tankova of the Pazarjik regional court, was confirmed on 10 April by the Plovdiv appeal court, which in May ordered the freezing of the bank accounts of ELI, the publishing house that owns Videlina. The magazine’s editor, Valentin Nenkov, has appealed against the ruling to a higher court, but his appeal does not suspend execution of the sentence and Videlina was ordered on 30 June to pay the full amount of the fine by 14 July at the latest.Reporters Without Borders added: “The size of this fine is totally disproportionate, especially in a European Union member country, and threatens the magazine’s survival. We urge the judges to at least await the decision of the higher appeal court before seizing the money from its accounts. And the higher court should overturn the judgment on the grounds that it violates the basic principles of press freedom.” News News December 2, 2020 Find out more Bulgaria: RSF condemns refusal to investigate reporter’s violent arrest Bulgaria’s general election: RSF publishes 10 proposals to rescue press freedom News News Receive email alerts to go further July 8, 2009 – Updated on January 20, 2016 Weekly’s survival threatened by disproportionate fine RSF and 60 other organisations call for an EU anti-SLAPP directive Organisation Follow the news on Bulgaria RSF_en Help by sharing this information BulgariaEurope – Central Asia BulgariaEurope – Central Asia March 10, 2021 Find out more
April 2, 2021 Find out more Journalists threatened with imprisonment under Turkey’s terrorism law Receive email alerts Read in Turkish / TürkçeReporters Without Borders firmly condemns the absurd accusations that were levelled against it this week in articles in two conservative Turkish newspapers, Star and Yeni Akit.Two articles in the 28 January issue of Star accused Reporters Without Borders and the New York-based Committee to Protect Journalists of being influenced by the MLKP, a Marxist-Leninist armed group, and of financing some of the MLKP’s alleged members.Carrying Zafer Kütük’s by-line, the articles were headlined “They really know no borders” and “The ‘Without Borders’ guide in Turkey is a terrorism convict.” Yeni Akit published a similar article by Yener Dönmez the same day that was headlined “RWB provides financial support to MLKP.”“The allegations made against us by Star and Yeni Akit are not only completely baseless but also grave, disgraceful and absurd,” Reporters Without Borders secretary-general Christophe Deloire said. “Insinuating that RWB is linked to terrorist organizations is a violation of the most elementary truth and honesty. “Such slanderous methods are typical of the most idiotic and wicked propaganda. They suggest a veiled threat to our local associates and sadly recall behaviour that should have been a thing of the past. In view of the precedents, we are taking this seriously and we will be on the alert to see what follows.“In fact, we are proud that Yeni Akit is going after us in the same way that it goes after intellectuals who are well known for their commitment to a peaceful resolution of the Kurdish issue and reconciliation with the Armenian community. We are also proud of the protest that we carried out at Saint-Lazare station in Paris in 2002, for which we are criticized by Yeni Akit, and we are proud of campaigning for the release of Ahmet Sik, Nedim Sener and OdaTV’s journalists, one of whom is still detained.”Reporters Without Borders will now rebut the allegations point by point.• “Strong criticism of Turkey by CPJ and RWB is the result of lobbying by illegal terrorist organizations” – FALSEReporters Without Borders’ findings and recommendations are based on the constant monitoring and analysis that it has been doing since 1985. Its public positions are determined by its International Secretariat in Paris in a manner that is completely independent of any outside pressure.Reporters Without Borders has no “hidden agenda” nor any political, religious or partisan affiliation. It has defended freedom of information in Turkey in a consistent manner regardless of the government in place, from the military regime until the present Justice and Development Party administration. RWB is transparent about its sources of funding and work methods.In recent years, RWB has thoroughly investigated the grave deterioration in the situation of freedom of information in Turkey. As a result of the constant work of its representative in Turkey and frequent visits by representatives of its International Secretariat, it has been able to document this situation by interviewing journalists, experts of all kinds and officials and by examining legislation and court documents.On the basis of this research, RWB was able, inter alia, to publish its report entitled “A book is not a bomb” in June 2011 and update its “press freedom barometer” in December 2012. As a result of its thorough research and on the basis of very specific criteria (identified here), RWB concluded that Turkey is currently the “world’s biggest prison for journalists.”• “RWB’s representative in Turkey is a convicted MLKP member” – FALSERWB’s sole representative in Turkey is Erol Önderoglu, the former head of the human right web portal Bianet. He is an internationally renowned journalist whose work is recognized in Turkey and abroad for its quality and impartiality. He has never been convicted of MLKP membership. Reporters Without Borders condemns the attempts to put pressure on Önderoglu, who has its unwavering support.• “Necati Abay is a member of RWB, which pays him a monthly salary” – FALSENecati Abay, a former journalist of the newspaper Atilim, was portrayed as “RWB’s representative in Turkey” and “the guide of international organizations” in Turkey. In fact, he has absolutely no role within RWB and, as the spokesman of the Platform of Solidarity with Arrested Journalists (a Turkish group with no links to RWB), he has criticized RWB on several occasions.Like any association, RWB has members who pay an annual membership fee and are given information about its activities. Like more than 3,500 other people worldwide, including a growing number of Turkish citizens, Abay became an RWB member. But his decision to join RWB in October 2012 did not confer on him any responsibility within the organization.What is the origin of the allegation that RWB “pays a monthly salary to Necati Abay and financially supports” other journalists accused of being MLKP members, such as Nadiye Gürbüz, Sedat Senoglu and Arzu Demir? This claim has no basis in fact. RWB has never paid a penny to these journalists, who have a right to be presumed innocent. A tendency to treat critics as “terrorists” is unfortunately one of the major faults of the Turkish judicial system.RWB expresses its support for its CPJ colleagues and, under its right or response, calls on Star and Yeni Akit to publish this denial. Read CPJ answer to Star and Yeni Akit Follow the news on Turkey Human rights groups warns European leaders before Turkey summit Turkey’s never-ending judicial persecution of former newspaper editor Help by sharing this information News April 28, 2021 Find out more to go further RSF_en News TurkeyEurope – Central Asia News February 1, 2013 – Updated on January 20, 2016 RWB responds to smears by two Turkish conservative dailies TurkeyEurope – Central Asia Organisation News April 2, 2021 Find out more
Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena HerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeauty8 Yoga Poses To Overcome Stress And AnxietyHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeautyGained Back All The Weight You Lost?HerbeautyHerbeautyHerbeauty9 Of The Best Metabolism-Boosting Foods For Weight LossHerbeautyHerbeauty Your email address will not be published. Required fields are marked * Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Living Now Fall Specials and October Desserts at Real Food Daily From STAFF REPORTS Published on Tuesday, October 22, 2013 | 12:56 pm More Cool Stuff Community News Community News First Heatwave Expected Next Week The season for overindulging is fast approaching, but before you give in to tempting, non-healthy foods, check out the healthy and delicious Fall specials plant-based restaurant, Real Food Daily has in store:Three AmigosCauliflower chickpea fritters with spicy serrano avocado aioli and sweet red onion tamarind sauce. Nut-free & soy-freeThe Great CardiniTuscan kale, romaine lettuce, garbanzo beans, red quinoa, roasted yam croutons with creamy almond shallot dressing, avocado, spiced pumpkin seeds and macadamia parmesan. Gluten-freeQuesadillas de City of Los AngelesButternut squash, garnet yams, black beans, caramelized onions and pepperjack cheese, toasted whole wheat tortilla with salsa verde & guacamole. Nut-freeClassic ComfortHerbed quinoa lentil loaf, roasted garlic mashed potatoes with golden gravy, sautÃ©ed broccolini, cranberry coulis. Gluten-freeThe EssenceRosemary forbidden rice and apple stuffed portabella mushroom, peppered cauliflower mash, candied walnut Brussels sprouts with parsley & pomegranate. Gluten-free & soy-freeAlso, the southern-inspired comfort dish and fan favorite, Salisbury Seitan, is back for fall and winter only as a Classic Flashback.Craving something sweet? RFD is also rolling out its newest and most decadent desserts this October including:Carrot Cake Two layered cake w/ cream â€˜chzâ€™ icingPumpkin Bake Served warm and topped w/ a pecan streuselDouble Fudge Brownie Double chocolate chip brownies. Nut-free & soy-freeChia Chocolate Parfait Chia seeds soaked in pomegranate juice atop chocolate pudding. Nut-freeDutch Apple Pie Served warm with a la mode upon requestPumpkin Cupcake Iced w/ a spiced, caramel, maple buttercream. Gluten-freeBrownie Bowl Top our Brownie w/ a scoop of ice cream drizzled w/ chocolate sauceAll these and more are available this month and season at our premiere organic plant-based restaurant in town, Real Food Daily. To view the whole menu and find out more about Real Food Daily, visit http://www.realfood.com or call (626) 844-8907. Real Food Daily is located at 899 E. Del Mar Blvd on the corner of Lake Ave. faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Top of the News Name (required) Mail (required) (not be published) Website Business News Make a comment Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy 9 recommended0 commentsShareShareTweetSharePin it Subscribe
UWest Dept. of Business Administration Presents Trans-Pacific Partnership and Its Effects with Prof. Bill Y. Chen
Education UWest Dept. of Business Administration Presents Trans-Pacific Partnership and Its Effects with Prof. Bill Y. Chen Saturday, October 24, 2:00-3:30 p.m. From STAFF REPORTS Published on Tuesday, October 13, 2015 | 1:54 pm First Heatwave Expected Next Week EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Community News Name (required) Mail (required) (not be published) Website Herbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeautyPriyanka Chopra’s 10 Year Challenge Pic Will Surprise YouHerbeautyHerbeautyHerbeauty10 Most Influential Women In HistoryHerbeautyHerbeautyHerbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeautyHerbeautyHere’s What Experts Say Women Want In A ManHerbeautyHerbeautyHerbeauty10 Of The Most Notorious Female Spies In HistoryHerbeautyHerbeauty Community News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,PCC – EducationVirtual Schools PasadenaDarrell Done EducationHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Top of the News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Make a comment 0 commentsShareShareTweetSharePin it Business News More Cool Stuff Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Subscribe Your email address will not be published. Required fields are marked * On October 5, ministers of 12 countries completed negotiations on the landmark trade agreement of the Trans-Pacific Partnership (TPP). This is a significant step towards signing this regional free trade agreement. The TPP sets up much higher standards and covers more areas than the World Trade Organization (WTO). What are the purposes of the TPP? What are main differences of the TPP from the WTO? How will the TPP affect the US and other members’ economies and how will that affect non TPP members’ countries like China? In this special seminar, Professor Bill Chen will explore these issues and answer questions.Dr. Bill Chen has been working at UWest since 1996. He is a tenured full professor in the Department of Business Administration. He was the Chair of the Department from 1997-2012 and the CFO of the University from 2012-June, 2015.Dr. Chen received his Ph. D. in Economics with specialization in Finance/ Insurance from the University of California, Santa Barbara, his Master’s degree with specialization in Management/Marketing from Tianjin University, China, and a B.S. in Mathematics/Statistics from Zhejiang (Hongzhou) University, China. Dr. Chen has focused his research on Finance, Insurance, and Economics. He has published papers in these fields in academic journals and presented his research findings in national and international conferences. He has also written many articles on China’s economy and had many TV interviews on the US and China’s economies.The Seminar will be held on Saturday, October 24, 2:00 p.m. – 3:00 p.m. Open to the public and free of charge. UWest is located at 1409 Walnut Grove Avenue, Rosemead, CA 91770, right off the Pomona Freeway 60. Please call (626) 571-8811, ext. 125 to reserve your seat or for more information.
WhatsApp Facebook By Digital AIM Web Support – February 8, 2021 Twitter Pinterest MINNEAPOLIS–(BUSINESS WIRE)–Feb 8, 2021– Community Reinvestment Fund, USA (CRF) – an innovation- and mission-driven nonprofit organization dedicated to economic justice – is pleased to announce the election of three new members to its Board of Trustees. These new members bring experience, technical expertise and diversity to the CRF board, enabling the organization to conceive and implement innovative strategies for ensuring equitable access to capital. Jacqueline D. Woods | Chief Marketing Officer | NielsenIQ Mrs. Woods is a passionate leader, noted for growing businesses using innovative strategies to develop customer-centric programs focused on revenue optimization. With more than two decades of experience driving marketing efforts in data, technology and analytics industries, she positions companies for growth and unifies business functions. As CMO and member of NielsenIQ’s Executive Committee, she leads global positioning, branding, and the go-to-market strategy. Her diverse experience includes Fortune 100 companies (IBM, Oracle, GE, and Verizon) and her expertise has been featured in The Wall Street Journal, Fortune Magazine and The New York Times. Additionally, Black Enterprise and Savoy magazines have named her a Top 100 Executive in Corporate America for the past three years. Stefanie Steward-Young | Senior Vice President, Chief Corporate Social Responsibility Officer | Fifth Third Bank Ms. Steward-Young is a community development professional with more than 20 years of financial industry experience. She is responsible for leading the bank’s corporate social responsibility strategy, community giving, volunteerism, programs and alignment to the bank’s environmental, social and governance (ESG) leadership. Steward-Young also serves as chair of the board of Economic & Community Opportunity Development Institute in Columbus, Ohio and earned a Master of Business Administration degree from Franklin University. Chrystel Cornelius | Chief Executive Officer | Oweesta Corporation Ms. Cornelius is CEO of the only national Native CDFI intermediary, with a mission to provide opportunities for Native people to create wealth and strengthen economic independence for all Native communities. She has worked with Native communities for more than 23 years, specializing in the economic development field. She is an enrolled member of the Oneida Nation of Wisconsin and a member of the Turtle Mountain Band of Chippewa Indians. “We welcome these three board members, each bringing exceptional skill and insight to our organization, as well as practical experience creating solutions inside and outside the financial services industry to help enrich diverse communities,” said Frank Altman, co-founder and CEO of CRF. “Our shared commitment to improving people’s lives through innovative financial solutions is well understood and will be well served by these new additions to the board.” CRF’s Board of Trustees is responsible for guiding the 30-year-old nonprofit as it elevates opportunity for people living and working in communities with economic challenges. Together with its partners, and with the guidance of its board, CRF seeks to transform the community development finance system through community-directed technology and capital solutions, using the power of the capital markets to advance economic justice and fight inequality. About Community Reinvestment Fund, USA (CRF) Founded in 1988, Community Reinvestment Fund, USA (CRF) is a national nonprofit organization with a mission to empower people to improve their lives and strengthen their communities through innovative financial solutions. A leading Community Development Financial Institution (CDFI), CRF supports other mission-driven organizations, increases economic mobility, and builds strong local economies through the development of solutions aimed at creating an equitable financial system. CRF has injected more than $3 billion to stimulate job creation and economic development and support community facilities. For more information, visit www.crfusa.com. View source version on businesswire.com:https://www.businesswire.com/news/home/20210208005655/en/ CONTACT: David Hlavac 612-590-6819 [email protected] KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA INDUSTRY KEYWORD: PROFESSIONAL SERVICES PHILANTHROPY OTHER PHILANTHROPY FINANCE CONSULTING BANKING SOURCE: Community Reinvestment Fund, USA Copyright Business Wire 2021. PUB: 02/08/2021 01:00 PM/DISC: 02/08/2021 01:01 PM http://www.businesswire.com/news/home/20210208005655/en Pinterest TAGS Local NewsBusiness Facebook WhatsApp Twitter Community Reinvestment Fund, USA Names Three to Board of Trustees Previous articlePatientFi® Enters Partnership with Allergan Aesthetics to Provide Natrelle® Breast Implant Financing Options to PatientsNext articleRimini Street Now an Approved Supplier on New Zealand Government Marketplace Digital AIM Web Support
Wife Entitled To Maintenance Even If She Runs A Business & Earns Income Out Of It Says Bombay HC, Decreases Quantum Of Maintenance [Read Judgment]
News UpdatesWife Entitled To Maintenance Even If She Runs A Business & Earns Income Out Of It Says Bombay HC, Decreases Quantum Of Maintenance [Read Judgment] Nitish Kashyap5 Jun 2020 5:02 AMShare This – xThe Bombay High Court recently while hearing a criminal revision application filed by a 51-year-old man from Pune against a family court judgment directing him to pay monthly maintenance to his ex-wife, held that she is entitled to maintenance even if she runs a business and has her own source of income. However, Justice NJ Jamdar noted that the Family Court failed to adequately consider…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Bombay High Court recently while hearing a criminal revision application filed by a 51-year-old man from Pune against a family court judgment directing him to pay monthly maintenance to his ex-wife, held that she is entitled to maintenance even if she runs a business and has her own source of income. However, Justice NJ Jamdar noted that the Family Court failed to adequately consider the fact that the applicant wife did have a source of income. Thus, to that extent the revision application was allowed and the quantum of maintenance was decreased from Rs.15,000 per month to Rs.12,000 per month. Case Background The couple got married on November 12, 1997 in accordance with Hindu religious rites and ceremony. According to the applicant wife, since the inception of marital life the respondent husband treated her with extreme cruelty.She was dropped at her parental home at Satara in the month of January, 1999 by her husband. Despite repeated assurances, the respondent did not come to fetch her back to her marital home. Ultimately with the intervention of police the applicant was allowed to enter her matrimonial home at Mahatma Society, Pune. Thereafter the respondent and applicant moved out of the matrimonial home and started to reside separately from the in-laws of the applicant. Subsequently, in April, 2007 the respondent expressed his desire to obtain divorce from the applicant. Although, the applicant claimed to have resisted in the beginning, she signed the documents for a divorce petition by mutual consent as the respondent assured the applicant that he would continue to maintain the marital relationship with her despite a paper decree of divorce. Accordingly, a decree of divorce by mutual consent was obtained on October 25, 2007. Despite the decree of dissolution of marriage, the respondent continued to visit the applicant at her apartment and had marital relations as well. But, from September 2012, the respondent husband stopped visiting the applicant’s house. Applicant wife claimed he made no provision for her maintenance and livelihood as she has no source of income. She also stated that she could only sustain herself on the financial support of her father whereas, in complete contrast, the respondent has sufficient means. Hence, the applicant filed an application under Section 125 of the Criminal Procedure Code for award of maintenance at the rate of Rs.50,000 per month. The Respondent appeared and resisted the claim alleging that the applicant had controverted the allegations that she was subjected to ill-treatment. On the contrary, he submitted she was suffering from psychological illness and thus the marriage could not be consummated. So he filed a petition under section 12(1)(a) and section 13(1)(ia) of the Hindu Marriage Act, 1955. The respondent also argued that the applicant wife had opened a beauty parlour under the name of ‘Kalyani Beauty Parlour’ and had become financially independent. So she decided to forego maintenance she is entitled to under Section 125 as part of the mutual agreement before the decree of divorce was passed, the husband urged. In 2011, the respondent remarried and contested the petition for maintenance citing losses in business etc. Finally, the Judge, Family Court allowed the application holding that the respondent has refused or neglected to maintain the applicant who is unable to maintain herself, despite the Respondent having sufficient means to maintain her. Family Court held – “The fact that the Applicant had given up her claim for maintenance, when the decree for divorce by mutual consent was passed, does not detract materially from her claim as such an agreement not to claim maintenance or waive the right of maintenance was opposed to public policy. The Applicant being a wife, despite being a divorcee, within the meaning of Explanation (b) to section 125(1) of the code, the agreement to reside separately from the Respondent does not disentitle her from claiming maintenance.” Judgment Advocate Seema Sarnaik appeared for the respondent husband and Advocate Hitesh Vyas for the applicant wife. Court referred to a judgment of the High Court in Ramchandra Laxman Kamble vs. Shobha Ramchandra Kamble, 2019 wherein the Court after adverting to a number of pronouncements had enunciated the legal position to the effect that, there are several rulings, which take the view that an agreement in which the wife gives up or relinquishes her right to claim maintenance at any time in future, is opposed to public policy and, therefore, such an agreement, even if voluntarily entered, is not enforceable. Thereafter, Justice Jamdar noted that the manner in which the applicant wife fared in her cross examination assumes significance. She conceded in unequivocal terms that when she had filed a petition for divorce by mutual consent, she was running a business of beauty parlor from the flat where she was residing. She went on to admit that she had taken courses of beautician and she runs the beauty parlor, Court said. After considering submissions of both parties, Justice Jamdar observed- “In my considered opinion in the backdrop of the material on record, the claim of the Applicant that she had no source of income ought to have been accepted by the learned Judge, Family Court with a pinch of salt. The tenor of the evidence and the material on the record suggests that the Applicant was carrying on the said business of Kalyani Beauty Parlor and Training Institute to sustain her livelihood.” However, at the same time, the Court also noted that the fact that the wife carries on some business and earns some money is not the end of the matter- “Neither the mere potential to earn nor the actual earning, however meager it may be, is sufficient to deny the claim of maintenance. The learned Judge, Family Court was justified in placing reliance on the judgment of the Supreme Court in the case of Sunita Kachwa vs. Anil Kachwa.” In the aforesaid judgment, the apex court had observed that merely because the wife was earning something, it would not be a ground to reject her claim for maintenance. Finally, Court noted that in this inflationary economy, where the prices of commodities and services are increasing day by day, the income from the business of beauty parlor, which has an element of seasonality, may not be sufficient to support the livelihood of the applicant, and afford her to maintain the same standard of living to which she was accustomed to before the decree of divorce. Thus, Court concluded that Rs.12,000 per month would be a reasonable amount to support the applicant wife instead of Rs.15,000 as the applicant’s source of income was not adequately considered by the Family Court judge.Click Here To Download Judgment[Read Judgment] Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Story