Show Comments ▼ Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com The Vickers Commission issues paper floats a number of options for structural reform of the banking sector. As expected, one such option is a strict division between retail and investment banks, and another is an even more radical switch to “narrow” or “limited purpose” banking, in which fractional reserve banking is simply ended.What problem are these proposals attempting to address? No politician wants to be Argentine President Fernando De la Rua, forced to flee by helicopter from the roof of the presidential palace to escape a baying mob after the collapse of the banking system left depositors unable to access their funds. When banks come under pressure, the natural political tendency will be for politicians to bail them out, sparing bondholders. Even if banks are allowed to go under, depositors are typically provided with state insurance.Since bank deposits are thus implicitly or explicitly insured by the state, what the bank does with those deposits is of virtually no concern to the depositors themselves, and (insofar as regulation allows it) the banks can therefore use deposits to take large risks. If all turns out well, the bankers and shareholders receive high returns. If matters turn out badly, then the state bails out the bondholders and depositors.The retail/investment split is intended to limit this gaming of government insurance. But it doesn’t really address the problem, because banks can still make commercial loans to businesses or personal loans to households, both of which are risky. A retail/investment split would thus encourage banks to make really risky business or personal loans at high interest rates. The basic problem isn’t solved, but in the meantime we destroy an industry in which Britain is strong internationally — universal banking.“Narrow banking” and “limited purpose banking” do address the problem, but go too far. With “narrow banks”, for example, deposit-taking banks would have to back any deposits 100 per cent with government bonds, ending “fractional reserve” banking. But fractional reserve banking has been the main form of banking in the UK for about two hundred years, and has become enormously sophisticated and successful. Furthermore, it is economically efficient to use fractional reserves.Many commentators suggest that we should do neither of these things, but instead just rely upon high capital and liquidity ratios to stop banks ever going bust and hence the issue of bailouts ever arising. But company failure is an essential part of a healthy capitalist economy. If there is no risk of failure, there is not enough risk.There is a combination of solutions that addresses the real problem without destroying our banking system. The most important component of these is a change to the structure of deposit-taking, whereby every bank licensed to accept retail deposits must offer a “storage deposit” account that is 100 per cent backed by government bonds. These accounts would be legally insulated from the rest of the bank, akin to the nesting of an old-fashioned savings bank (like the “trustee savings banks”) inside every fractional reserve bank. Storage deposits would be insured by the government without limit.In addition, banks could offer “investment deposit” accounts — standard fractional reserve deposits that the bank could use to invest in commercial loans, equities, derivatives, or whatever else its business model employed. Investment deposits would be completely uninsured by the state — and depositors would be warned before moving monies out of storage and into investment deposits that they could lose their money — but would be subject to standard prudential regulations on capital and liquidity. Some banks would attract investment deposits by being boring and safe; others by being risky and offering higher interest rates. This structural reform addresses the core of the issue, removing state insurance from risky lending, and yet leaves universal banking (and fractional reserve banking in general) intact. I think that’s the way to go.Andrew Lilico is the Chief Economist of Policy Exchange, and the author of “What Killed Capitalism” and “Incentivising Boring Banking”. Sunday 26 September 2010 10:06 pm KCS-content Risky lending should not have state insurance whatsapp Tags: NULL
Regions: Europe Southern Europe Croatia Companies: GiG GiG targets Croatian growth with Top Games acquisition Gaming Innovation Group (GiG) is set to expand into the Croatian market after agreeing a deal to acquire a majority stake in Top Games, a gaming operator that qualifies for a remote gambling permit in the country. Subscribe to the iGaming newsletter Email Address Topics: Strategy 22nd October 2019 | By contenteditor Gaming Innovation Group (GiG) is set to expand into the Croatian market after agreeing a deal to acquire a majority stake in Top Games, a gaming operator that qualifies for a remote gambling permit in the country.GiG said it will purchase 75% of the shares in the Croatian operator for an undisclosed sum, while a local partner with a history in land-based casino businesses will retain a 25% stake.Payment will be based on a contribution of resources by shareholders, with no cash to be paid. The local partner will cover initial costs, while GiG will provide rights of use of its brand, a gambling platform and operational expertise.Should the transaction go ahead, GiG plans to enter the Croatian online casino market during the first half of 2020. GiG said it will operate in the country via one of its in-house brands, but did not disclose further details at this time.However, GiG did say it expects the deal to have a moderate impact on revenue in the second half of 2020, with an accelerated increase in revenue contribution from the first half of 2021.“I’m excited to further expand our B2C business by entering another regulated jurisdiction,” GiG acting chief executive Richard Brown said. “Croatia is a very interesting marketplace for gambling and supports our strategy to grow our own brands in high potential and regulated markets.“GiG has a track record of creating responsible gaming experiences with a captivating user experience. This is a good opportunity to showcase the strength of our online casino offering and our passion for providing end users with a safe, responsible and competitive online gambling experience.”The acquisition agreement remains subject to certain regulatory approvals. Tags: Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Strategy
Turning to online gambling, according to data collected from operators representing 80% of the GB market, gross gambling yield for online sports betting fell 3.8% month-over-month to £209.3m. However, the number of bets placed during the month was up marginally, rising 4.6% to 267.2m. Finance The Commission also published the results of surveys carried out by market research specialist Populus before, during and after the lockdown period. Based on its findings, Populus estimates that 2.7% of non-gamblers (making up 58% of the population) began gambling online under lockdown, though the majority of these players ceased gambling as lockdown was eased. 18th September 2020 | By Aaron Noy Online gambling revenue in Great Britain declined across all verticals in July at a time when retail showed signs of recovery, according to the latest figures from the Gambling Commission’s ongoing tracking of customer activity during the novel coronavirus (Covid-19) crisis. There was also little evidence of players spending more time gambling. The average session length in July remained flat month-over-month at 21 minutes, and the number of sessions lasting longer than an hour declined 1.5% to 2.2m. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter This suggested that the pent-up demand seen in June, following the return of major sports, had begun to ease. Topics: Finance The second largest vertical in terms of revenue was online slots, though GGY of £162.9m represented a 2.2% decline from June. It was also 11.6% below the £184.3m generated in May, though player numbers increased marginally to 2.5m. Spending, meanwhile, tended to either remain unchanged or decrease under lockdown. While 13% of respondents said they had increased spend during this period, Populus said, 59% did not change the amounts they gambled, and 24% reduced spend. The regulator noted that it was difficult to make direct comparisons with prior month or prior year figures. Premises were not in operation for a full month in March or June, while most operators had reopened shops in phases, with changes to opening hours, and with social distancing measures in place, it explained. GB online gambling yield falls across all verticals in July The month included the first full month contribution from betting shops since February, and during this period yield from retail was up significantly. Of the 42% of the population that classed themselves as gamblers, only 2.0% that played in-person shifted to online under lockdown, according to the survey. Virtual sports and esports betting also continued their decline from lockdown highs. Virtuals yield declined 16.7% to £8.0m, and esports revenue dropped 25.4% to £2.6m. Revenue from online gambling on other products was down 23.2% to £1.4m. Email Address Online gambling revenue in Great Britain declined across all verticals in July at a time when retail showed signs of recovery, according to the latest figures from the Gambling Commission’s ongoing tracking of customer activity during the novel coronavirus (Covid-19) crisis. Subscribe to the iGaming newsletter Other casino games yield was also down, falling 3.6% to £66.0m. Player numbers were down to 1.8m, the lowest figure since the Commission started tracking activity under lockdown, and continuing a decline that began in May. Following the easing of lockdown measures in Great Britain, the number that either have or intend to reduce spend declined to 17%, but the number that did not anticipate increasing gambling rose to 73%. Just 7% of respondents said they would allocate more money to gambling. Based on data from the largest operators – which the Commission said represented 85% of the market – over the counter GGY came to £62.5m (€68.5m/$981.1m). Revenue from self service betting terminals (SSBTs) grew to £23.2m, with machine yield coming in at £81.6m for July. Regions: UK & Ireland July also saw poker return to earth following a spike in activity under lockdown. According to the operators’ data, total revenue was down 22.7% to £9.0m. During this period, customers placed 57.1m over the counter bets, and 7.2m via SSBTs. There were also 7.8m sessions played on machines, of which 247,394 lasted longer than one hour.
16 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AK Consultancies launch CHASql AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 23 March 2001 | News AK Consultancies are launching CHASql, the latest version of CHAS, their fundraising and beneficiaries management system.AK Consultancies are launching CHASql, the latest version of CHAS, their fundraising and beneficiaries management system. AK Consultancies Ltd have announced that they will be launched CHASql at Charityfair in London in April. CHASql is the latest version of CHAS,their fundraising and beneficiaries management system that has been used by larger charities for nearly 10 years. CHASql, unlike earlier versions, is now entirely Windows based. Advertisement 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.
Tagged with: christmas Funding matched giving AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 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. Solar Aid’s Winter campaign ‘Bring Me Sunshine’ includes an opportunity this week to triple the value of donations made. Gifts made from Thursday to Saturday this week will be matched twice: a gift of £30 will therefore be worth £90 to the charity.The matched giving is possible through a combination of The Big Give’s Christmas Challenge and the UK government’s UK aid programme. Donations to Solar Aid from 5-7 December via the Challenge will be doubled. In addition, the UK government will double donations to SolarAid from UK donors throughout the winter.SolarAid is suggesting donations of £30. Tripled, that would purchase 18 solar lights, which will be used to replace the traditional but dangerous kerosene lamps used in many homes. SolarAid donations to be tripled for three days Howard Lake | 4 December 2013 | News 76 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis
SHARE Facebook Twitter By Gary Truitt – Mar 10, 2013 Progress of Biofuels Outlined at Growth Energy Meeting SHARE Facebook Twitter Previous articleWASDE Report at a GlanceNext articleGrassley Not Satisfied with Secretary’s Response to Furlough Questions Gary Truitt Growth Energy CEO Tom Buis discussed the significant progress the biofuels industry has made despite constant attacks, strategic goals for the upcoming year and how critics are trying to kill renewable energy in his address at the fourth annual Growth Energy Executive Leadership Conference. According to Buis – the most pressing issues moving forward are market access and defending the Renewable Fuel Standard. But he also noted that the past year was one of major notable accomplishments – highlighting the Green Jobs E15 waiver. Buis said the waiver has been successfully upheld in the courts and E15 is now being sold by a number of retail stations. Still – Buis said Big Oil is actively trying to undermine the RFS and prevent E15 from entering the marketplace. He said the biofuels industry has the facts – and at the end of the day – will win the fight.Buis also talked about the various international trade cases and how the biofuels industry will continue to fight unfair trade practices by Brazil and the European Union. He says Growth Energy will explore all options and possibilities of trade challenges for those who don’t play fair.According to Buis – the industry has weathered many challenges and other challenges will arise. He said they must never lose sight of the important work the industry does to create jobs, improve the environment and reduce the nation’s dangerous addiction to foreign oil – all while providing consumers with a choice and savings at the pump. Home Energy Progress of Biofuels Outlined at Growth Energy Meeting
USDA Extends CFAP Application Deadline, Announces New Eligible Commodities Home Indiana Agriculture News USDA Extends CFAP Application Deadline, Announces New Eligible Commodities By USDA Communications – Aug 11, 2020 SHARE SHARE U.S. Secretary of Agriculture Sonny Perdue announced that additional commodities are covered by the Coronavirus Food Assistance Program (CFAP) in response to public comments and data. Additionally, the U.S. Department of Agriculture (USDA) is extending the deadline to apply for the program to September 11th, and producers with approved applications will receive their final payment. After reviewing over 1,700 responses, even more farmers and ranchers will have the opportunity for assistance to help keep operations afloat during these tough times.“President Trump is standing with America’s farmers and ranchers to ensure they get through this pandemic and continue to produce enough food and fiber to feed America and the world. That is why he authorized this $16 billion of direct support in the CFAP program and today we are pleased to add additional commodities eligible to receive much needed assistance,” said Secretary Perdue. “CFAP is just one of the many ways USDA is helping producers weather the impacts of the pandemic. From deferring payments on loans to adding flexibilities to crop insurance and reporting deadlines, USDA has been leveraging many tools to help producers.”Background:USDA collected comments and supporting data for consideration of additional commodities through June 22, 2020. The following additional commodities are now eligible for CFAP:Specialty Crops – aloe leaves, bananas, batatas, bok choy, carambola (star fruit), cherimoya, chervil (french parsley), citron, curry leaves, daikon, dates, dill, donqua (winter melon), dragon fruit (red pitaya), endive, escarole, filberts, frisee, horseradish, kohlrabi, kumquats, leeks, mamey sapote, maple sap (for maple syrup), mesculin mix, microgreens, nectarines, parsley, persimmons, plantains, pomegranates, pummelos, pumpkins, rutabagas, shallots, tangelos, turnips/celeriac, turmeric, upland/winter cress, water cress, yautia/malanga, and yuca/cassava.Non-Specialty Crops and Livestock – liquid eggs, frozen eggs and all sheep. Only lambs and yearlings (sheep less than two years old) were previously eligible.Aquaculture – catfish, crawfish, largemouth bass and carp sold live as foodfish, hybrid striped bass, red drum, salmon, sturgeon, tilapia, trout, ornamental/tropical fish, and recreational sportfish.Nursery Crops and Flowers – nursery crops and cut flowers.Other changes to CFAP include:Seven commodities – onions (green), pistachios, peppermint, spearmint, walnuts and watermelons – are now eligible for Coronavirus Aid, Relief, and Economic Stability (CARES) Act funding for sales losses. Originally, these commodities were only eligible for payments on marketing adjustments.Correcting payment rates for onions (green), pistachios, peppermint, spearmint, walnuts, and watermelons.Additional details can be found in the Federal Register in the Notice of Funding Availability and Final Rule Correction and at www.farmers.gov/cfap.Producers Who Have Applied:To ensure availability of funding, producers with approved applications initially received 80 percent of their payments. The Farm Service Agency (FSA) will automatically issue the remaining 20 percent of the calculated payment to eligible producers. Going forward, producers who apply for CFAP will receive 100 percent of their total payment, not to exceed the payment limit, when their applications are approved.Applying for CFAP:Producers, especially those who have not worked with FSA previously, are recommended to call 877-508-8364 to begin the application process. An FSA staff member can help producers start their application during the phone call.On farmers.gov/cfap, producers can:Download the AD-3114 application form and manually complete the form to submit to their local USDA Service Center by mail, electronically or by hand delivery to their local office or office drop box.Complete the application form using the CFAP Application Generator and Payment Calculator. This Excel workbook allows customers to input information specific to their operation to determine estimated payments and populate the application form, which can be printed, then signed and submitted to their local USDA Service Center.If producers have login credentials known as eAuthentication, they can use the online CFAP Application Portal to certify eligible commodities online, digitally sign applications and submit directly to the local USDA Service Center.All other eligibility forms, such as those related to adjusted gross income and payment information, can be downloaded from farmers.gov/cfap. For existing FSA customers, these documents are likely already on file.All USDA Service Centers are open for business, including some that are open to visitors to conduct business in person by appointment only. All Service Center visitors wishing to conduct business with FSA, Natural Resources Conservation Service or any other Service Center agency should call ahead and schedule an appointment. Service Centers that are open for appointments will pre-screen visitors based on health concerns or recent travel, and visitors must adhere to social distancing guidelines. Visitors are also required to wear a face covering during their appointment. Our program delivery staff will be in the office, and they will be working with our producers in the office, by phone and using online tools. More information can be found at farmers.gov/coronavirus. Facebook Twitter Previous articleGrand Champions Selected at Indiana State Fair 4-H Livestock Show on the HAT Tuesday PodcastNext articleHazlett Shifting From White House to Purdue USDA Communications Facebook Twitter
STAFF REPORT First Heatwave Expected Next Week HerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeauty11 Signs Your Perfectionism Has Gotten Out Of ControlHerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeauty10 Vietnamese Stunners That Will Take Your Breath AwayHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeauty Your email address will not be published. Required fields are marked * Pasadena health officials reported 35 new COVID-19 infections and no new deaths on Thursday as surrounding Los Angeles County saw a record number of new cases reported, authorities said.The city has seen 103 new COVID-19 cases since Monday, and 167 over the past seven days.In all, 1,620 infections have been reported in the city, and 103 patients have succumbed to the virus, city data shows.Sixty patients were being treated at Huntington Hospital for COVID-19 on Thursday, up from 52 on Wednesday, according to hospital data. Twenty-six tests were pending.Authorities at the city and state levels continued urging social distancing, hand-washing and the use of masks when in public, with a special focus on those under 40 years old, who make up an increasing proportion of those infected.“The median age for cases is now 51 years old, which shows that younger people are becoming infected,” Pasadena city spokeswoman Lisa Derderian said.Officials were eyeing Independence Day gatherings and recent protests as possible reasons for the spike in cases, especially among younger patients.“Several cases are being tracked to 4th of July weekend socializing and potentially protest activity prior,” Derderian said. “The increase in community spread is a concern.”The Los Angeles County Department of Public Health reported its highest-ever number of new infections on Thursday at 4,592, along with 59 new deaths.“This is the largest increase in new cases, surpassing the count from July 14,” the agency said in a written statement. “Over the last 48 hours there have been 7,350 new cases.”L.A. County had seen 147,468 cases of COVID-19 and 3,988 deaths since the start of the pandemic as of Thursday.Officials said 2,173 patients were hospitalized, down from a record of 2,193 on Wednesday. Twenty-seven percent of those patients were in intensive care units, and 17% were being treated with ventilators.L.A. County had seen 147,468 cases of COVID-19 and 3,988 deaths since the start of the pandemic.State public health officials reported 8,544 new detected COVID-19 infections and 118 new deaths on Thursday, bringing the state’s totals to 356,178 known infections and 7,345 deaths.“The seven-day average number of new cases is 8,526 per day,” the California Department of Public Health said in a written statement. “The 7-day average from the week prior was 8,043.”Los Angeles County on Thursday accounted for 41% of the state’s coronavirus cases and 54% of the state’s deaths. Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Make a comment CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Name (required) Mail (required) (not be published) Website 30 recommended0 commentsShareShareTweetSharePin it Subscribe Community News 35 New COVID-19 Cases Reported in Pasadena as L.A. County Sees Largest-Ever Single-Day Increase in New Infections By BRIAN DAY Published on Thursday, July 16, 2020 | 4:45 pm Business News Community News More Cool Stuff faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Top of the News STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy 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. EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Community News
News Updates”Absolutely Frivolous PIL Petition”: Bombay HC Dismisses PIL Seeking Free Covid-19 Treatment to All Citizens With Rs.5 lakh Cost [Read Order] Nitish Kashyap16 Jun 2020 10:09 AMShare This – xThe Bombay High Court on Tuesday dismissed a public interest litigation filed by Sagar Jondhale a 42-year-old educationist and social worker who sought directions to the State of Maharashtra to provide free treatment to all citizens of Maharashtra who test positive for Covid-19, including free treatment at private hospitals and imposed a cost of Rs.5 lakh payable to the State. Division…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 on Tuesday dismissed a public interest litigation filed by Sagar Jondhale a 42-year-old educationist and social worker who sought directions to the State of Maharashtra to provide free treatment to all citizens of Maharashtra who test positive for Covid-19, including free treatment at private hospitals and imposed a cost of Rs.5 lakh payable to the State. Division bench of Chief justice Dipankar Datta and Justice KK Tated held that the money will be utilized by the State for relief activities to ameliorate the plight of people in these difficult times. If costs, as directed above, are not paid by the petitioner within a month from date, the State shall be at liberty to recover the same from him as arrears of land revenue, the bench said. The petitioner had challenged a notification dated May 21, 2020 issued by the Principal Secretary, Department of Public Health, Government Of Maharashtra seeking for directions for it to be declared null and void and directions to the State of Maharashtra to provide Covid-19 treatment to all citizens totally free of cost in all hospitals, including private hospitals. Advocate Anand Jondhale appeared on behalf of the petitioner and regarding the point of maintainability relied upon several decisions of the Supreme Court as well as the High Court to persuade the Bench rule in favour of the PIL. It is the duty and obligation of the State to provide for health and medicare services for all the citizens free of cost and that the State of Maharashtra has utterly failed to live up to the expectations of the people during this period of crises. The impugned notification does not take into consideration the plight of a vast cross-section of people who are not in a position to afford treatment in private hospitals and the State ought to rise to the occasion and make arrangements for their free treatment, Jondhale submitted. After perusing through the impugned notification, court noted- “It was issued taking note of the situation at the ground level that persons who are not covered by any health insurance product or who have exhausted their health insurance cover, were being charged exorbitantly causing hardship to the public in general during the pandemic. It is further evident that its terms require hospitals, nursing homes, dispensaries, to make all attempts to increase their bed capacity to accommodate maximum number of patients, of which 80% of total operational bed capacity would be regulated by prescribed rates in the impugned notification. This would also apply to isolation and non-isolations beds, meaning that 80% of isolation beds available with any healthcare provider under such notification should be regulated by State Government/District Collectors/Municipal Commissioners and so also the 80% of non isolation beds. Healthcare providers, however, have been allowed to charge their rack rates to the remaining 20% beds.” Thus, the bench concluded that there is no compulsion on any citizen to take treatment from private facilities- “It is entirely left to the option of the patient as to which of the facilities he would prefer, i.e., facilities in private or public hospitals. There is also no discrimination between the rich and the poor. Even a rich and a poor person alike can take admission in the 80% reserved category of beds, and pay at the rate prescribed.” Observing that it is settled law that the mechanics of price fixation is necessarily to be left to the judgment of the executive and unless it is patent that there is hostile discrimination against a class of persons, Court said- “To urge the Bench to direct the State to provide for treatment of a patient free of cost, in these circumstances, appears to us to be preposterous. None of the decisions cited by Mr.Jondhale lays down such a proposition. This Bench has no hesitation to hold that the Petitioner has utterly failed to demonstrate any infringement of any fundamental right or abrogation of any statutory provision by the State so as to adversely affect any class of people, thereby warranting judicial intervention. It is an absolutely frivolous PIL Petition deserving dismissal in limine with exemplary costs. For the reasons aforesaid, this PIL Petition stands dismissed at the threshold with costs assessed at Rs.5,00,000, to be paid to the State. The said amount shall be utilized by the State for relief activities to ameliorate the plight of people in these difficult times. If costs, as directed above, are not paid by the Petitioner within a month from date, the State shall be at liberty to recover the same from him as arrears of land revenue.”Click Here To Download Order[Read Order]Next Story