20 April 2015
Petites Annonces Gratuite
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News on Sunday

News on Sunday

Friday, 10 April 2015 14:00

Chronology of events

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February 27th
The BoM required the Bramer Bank to inject fresh capital of Rs 3.5 billion in a phased manner. This was to start with an initial capital injection of Rs 350 million by March 31st 2015. 
Friday, 10 April 2015 14:00

Cyclone warning Class 1 in Rodrigues

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On Thursday 9 April the Mauritius Meteorological Services issued a Warning Class 1 at 10.15 a.m indicating that Joalane was 16.5 degrees South latitude and longitude 65.5 degrees east, either to or about 410 km north-northeast of Rodrigues.
The judicial inquiry on the death of Iqbal Toofany resumed on Wednesday. The session concentrated on the testimony of Dr Sudesh Kumar Gungadin. He stated that the death of Iqbal is neither natural nor accidental.
Consumers are now taking unprecedented interest in the way food is produced, processed and marketed, and are increasingly calling for strong initiatives from Government and the food industry for food safety and consumer protection, Health Minister Anil Gayan stated on Tuesday at Ebene.
Today, Mauritius, our beloved island, has become a developed and modern place where foreigners work and choose to settle.
The budget 2015 invites the Mauritian Diaspora to come back to their motherland. News on Sunday seeks the views of a few of them and gauges their feelings.
Friday, 10 April 2015 14:00

Repo Rate remains at 4.65%

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The Monetary Policy Committee (MPC) of the Bank of Mauritius has unanimously decided to keep the Key Repo Rate unchanged at 4.65 per cent per annum at its meeting on Monday.
The National Assembly met on Tuesday 7 April with Honourable Speaker, Mrs Santibai Hanoomanjee in the Chair. On the Order Paper were a Private Notice Question, Questions to the Prime Minister and to Ministers, First Reading of the Local Government (Amendment) Bill and resumption of debates on the Appropriation Bill. The Leader of the Opposition, as expected, put a Private Notice Question to the Minister of Finance on the downfall of the BAI Empire and its consequences on employees, depositors and policy holders.
By revoking the licence of Bramer Banking Corporation Ltd and by forcing it, as well as its sister company BAI (British American Insurance) into administration, allegedly in the « public interest », the government (in conjunction with the BoM and the FSC) created panic amongst the bank’s customers and the insurance company’s Policy Holders and then plays the good guy by promising them that their money is safe and that they will not lose a penny. Even though Dawood Rawat, the owner of Bramer and BAI, has for many years been one of former PM Ramgoolam’s protégés, the government decision should be contested in a court of law all the way to the Privy Council, if necessary.
Friday, 10 April 2015 14:00

Is Jobless Growth Inevitable?

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Ever since the industrial revolution, humans have been ambivalent about technological progress. While new technology has been a major source of liberation, progress, and prosperity, it has also fueled plenty of agony – not least owing to the fear that it will render labor redundant.
Friday, 10 April 2015 14:00

Employment legistations to be reviewed

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The Employment Rights Act and the Employment Relations Act will be reviewed, as announced in Government Programme 2015-2019. 
Friday, 10 April 2015 14:00

Seafood Expo Global 2015

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Enterprise Mauritius (EM) invites seafood operators to participate in the Seafood Expo Global 2015 (previously European Seafood Exhibition), which takes place in Brussels, Belgium on 21 to 23 April 2015.   EM has been participating in this event since 2009.
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