G20: World leaders at odds with Trump on trade, climate

G20: World leaders at odds with Trump on trade, climate

G20: World leaders at odds with Trump on trade, climate

Hamburg, Germany (CNN) World leaders at the G-20 summit in Germany entered their last day of talks Saturday by scratching their heads about what to do with an increasingly unified United States.

Leaders seem to be stalled in trade and climate change, German Chancellor Angela Merkel saying that the United States position on key issues that threaten to advance progress and that discussions had been difficult.

US President Donald Trump won the elections in 2016 on an “America First” platform that would lead the United States to various multilateral trade agreements and negotiations, and the history of the Paris Agreement on Climate Change.

Merkel has shown a scenario across the United States on Friday night and said leaders were considering how they could now present these clearly different positions in a statement.
Merkel criticized protectionist trade policy Trump says that “almost everyone believes that free trade is necessary, but it is also fair.”

“However, I can establish that the Sherpas have a lot of work ahead of them tonight to celebrate the launch of the operation, and I hope we are going to present a good result tomorrow. But I do not want to fight the discussions are very difficult.”

The key to stagnating trade is the suggestion that the United States could impose tariffs on steel imports.

European Commission President Jean-Claude Juncker said that the EU would react to steel prices perhaps even to themselves, giving signs of a trade war.
“We need to look at protection with respect to steel imports.

It is necessary that the EU can respond adequately and appropriately to steel. Measures must be taken to ensure that we act correctly with respect to imports from other parts of the world, “Juncker said.

“I can not go into details now, but we react. We will take countermeasure measures in the hope that this will not be necessary.”

“As you know, almost everyone is committed to the Paris agreement,” Merkel said.
“But it will also be very interesting to see how we talk and press tomorrow to clarify that there is, of course, different views on this, because the US has withdrawn sadness or wants to withdraw from the Paris Convention, and it is obvious that Plays in our discussions “.

However, he said that Trump had participated in discussions on climate and leaders agree on how to organize such divergent opinions.

Talks between Emmanuel Macron, Trump and several other leaders on climate change delayed the French president during his meeting with Putin, who seemed to tease the leaders about the impasse.

“Well, I hope the weather will be better,” he laughed when Macron apologized for being late. “I’m sure you’ve argued now, everything will be fine.”

ICC Champions Trophy 2017: Mohammad Amir’s Sri Lanka heroics show he has returned hungrier from exile

ICC Champions Trophy 2017: Mohammad Amir’s Sri Lanka heroics show he has returned hungrier from exile

ICC Champions Trophy 2017: Mohammad Amir’s Sri Lanka heroics show he has returned hungrier from exile

The return of Mohammad Amir in international limited series against New Zealand January 2016 for a major event for cricket in Pakistan. To begin with, the return of a pitcher was marked, which in terms of pure talent was once considered the true successor of Wasim Akram.

His baseball exile and boxing, which was triggered because of his involvement in the scandal of the 2010 points division, erased five crucial years that could see it extended to greatness.

More importantly, for Pakistan, the lack of good bowling options due to the elimination of Mohammad Asif and Amir in such a dramatic way in 2010 left a huge chasm in bowling on the power of shooting. Amir’s replacements, such as Junaid Khan and Wahab Riaz, were considered useful for Pakistan.

Mohammad Amir has regularly followed the ODI. AFPMohammad Amir has always done well after his return.

Therefore, Amir has restarted his international career with a huge weight of expectations on his shoulders. It was a general, perhaps imperfect, assumption, the young fast bowler will continue where he left off in 2010 and took Pakistan to greater heights. But the reality was very different.

A combination of bad luck and possible erosion of skills due to the offside time meant that the column remained fine amir portillo.

While it was constantly described as bowling and the best pistol player in Pakistan, there was a clear lack of winning performances in all forms of the game, which was starting to damage Pakistan.

It is in this context that the role of Amir in the exciting victory against Sri Lanka in the Champions Trophy has been important for his own career.

It was also important for the short term Pakistan as they look forward to the semifinal to come against England and has long term implications with the Amir status being confirmed as the leader of the bowling attack.

His performance against Sri Lanka, where he identified two key pockets then challenged the odds of staying well, while helping his captain to steal the win from a somewhat impossible situation was a great satisfaction.

“I think I’m holding on for a while, but I was a bit of bad luck, since I was not able to get windows. Today (Monday), I have windows that is big but also my hype worked and for that I must thank and give Credit to our trainer Thilla Grant Flower worked very hard with me on my stick and also believes that I can become a good follower as I take off seriously, “he said after the game.

For most of the experts, Pakistan’s victory against South Africa was nothing more than a flower of a day since the disastrous loss against India in the previous game. The precarious situation in which Pakistan saw itself during the match against Sri Lanka took the risk of provoking critics.

He was left to the brilliance of captain Sarfraz Ahmed and Amir tenacious resistance to save the day for Pakistan, having been reduced to 162/7 in the pursuit of a target of 237. This is as Sarfraz Amir explained, the head encourage the pitcher Able to provide support to his captain.

SpaceX fires Falcon engines before Monday launch

SpaceX fires Falcon engines before Monday launch

 

SpaceX led Thursday 6 hours for its first restart of a rocket Falcon 9 is used, a mission that aims to create a commercial satellite in orbit from the Kennedy Space Center.

The Monday rocket launch teams fed in two stages during the practice countdown that led to a 2-test per test. 100, designed to last for about three seconds, nine key drivers in Merlin’s 39SC KSC Launch Complex.

Delays in conducting this “static fire” test on the weekend pushed the Tuesday launch of SES-10 satellite communication a day.

If the test results are good, the mission must be on the way from a Thursday from 6am to open a window of two and a half hours.

There is 70 percent. 100 probability of having a favorable time during the window, according to the Air Force 45 time square. The odds are slightly less than 60 percent on Friday, the day of the mission’s launch.
The first stage of the Falcon rocket tested Monday is a veteran of this business. For almost a year, the stage has spurred the supply path to the International Space Station for NASA.

SpaceX has landed the amplifier on a ship in the Atlantic Ocean and has renewed for a second flight – the company’s first attempt to control what it calls a Falcon “stolen in evidence” amplifier.

A Thursday by the launch would be a relatively quick spin on SpaceX at its most recent launch site, two weeks after a Falcon 9 launched the commercial EchoStar 23 satellite of the KSC block.

Since its return to flight in January, more than four months after a Falcon 9 has fired launching complex 40 from the Cape Canaveral Air Force Station, SpaceX’s target is run as often every two or three weeks this year.

Meanwhile, the United Launch Alliance continued Monday to solve a problem with the main engine of an Atlas V rocket. A problem that delayed the launch of an Orbital Cygnus ATB to the International Space Station for NASA.

The mission will not fly at the Air Force Station in Cape Canaveral attempts before the launch of SpaceXSpaceX ciblait jeudi 6 heures pour son premier relancement d’une roquette Falcon 9 utilisée, une mission qui vise à creé a satellite commercial en orbite depuis Le Kennedy Space Center.

The equipment of lancement ont the lundi la fusée in deux étapes lors d’un decompte de pratique qui a abouti à une épreuve de test de 2 p. 100, destinée à durer environ trois secondes, de neuf moteurs principaux de Merlin dans le complexes de lancement 39SC de KSC.

Les retards dans la réalisation de ce test “feu statique” au cours du week-end ont poussé le lancement mardi prochain du satellite de communication SES-10 à un jour.

If they are résultats du test sont bons, the mission devrait être sur la bonne voie pour un départ de jeudi de 6h à l’ouverture d’une fenêtre de deux heures et demie.

Il and at 70 p. 100 of chance d’avoir du temps favorable pendant la fenêtre, selon le 45e escadron météorologique de la Force aérienne. Les chances sont légèrement inférieures à 60 pour cent vendredi, the journée de lancement de la mission.
The première étape de la fusée Falcon testée lundi est un vétéran de cette activité. In addition, it is permissible to encourage the appro- priations of the space station internationale for NASA.

SpaceX to be amplified by a navire dans l’océan Atlantique et l’a rénové pour un deuxième vol – the tentative premier of the compagnie de piloter ce qu’il appelle a amplificateur Falcon «volé en preuve».

A lancement will be a relativement for the spaceX sur site of lancement le plus récent, deux semaines après qu’un Falcon 9 a leancé le commercial commercial EchoStar 23 du même bloc KSC.

Depuis en retour en vol en janvier, plus de quatre mois après qu’un Falcon 9 to explode au Lancer Complex 40 de la station de la Force aérienne de Cap Canaveral, l’objectif de SpaceX est de lancer aussi souvent toutes les deux ou trois Semaines cette année.

In attendance, the United Launch Alliance was to continue lundi à résoudre a problème avec le moteur principal d’une fusée Atlas V. A problème that delayed the launch of an Orbital vessel ATK Cygnus to the Station spatiale internationale pour la NASA.

La mission ne volera pas de la station de la Force aérienne de Cap Canaveral avant les temptations de lancement de SpaceXSpaceX dirigido Jueves 6 horas para su primer reinicio de un cohete Falcon 9 se utiliza, una misión que tiene como objetivo crear un satélite comercial en órbita desde el Centro Espacial Kennedy.

Los equipos de lanzamiento de cohetes Lunes alimentaron en dos etapas durante la cuenta regresiva práctica que condujo a una prueba de 2 por prueba. 100, diseñados para durar durante unos tres segundos, nueve conductores clave en Merlin 39SC KSC complejo de lanzamiento.

Los retrasos en la realización de esta prueba “fuego estático” el fin de semana empujaron el lanzamiento martes de comunicación por satélite SES-10 al día.

Si los resultados de la prueba son buenos, la misión debe estar en camino de un jueves a partir de las 6 am abrir una ventana de dos horas y med

Pentagon gets authority to set US ‘troop levels’ in Afghanistan

Pentagon gets authority to set US ‘troop levels’ in Afghanistan

Pentagon gets authority to set US ‘troop levels’ in Afghanistan

The United States currently has about 8,400 troops in Afghanistan. Army General John Nicholson told Congress he could use an infusion of United States and Allied troops to support the Afghan army.

US President Donald Trump told Defense Minister James Mattis the power to determine troop levels in Afghanistan, the media said Wednesday, paving the way for more US forces to be deployed in the torn country by the war. Such permission was granted by Mattis Trump.

Mattis, according to The New York Times, is supposed to facilitate the deployment of thousands more troops to Afghanistan, but has not made a final decision on the matter. Neither the White House nor the Pentagon have confirmed the news.

“I have nothing that I can comment on right now. See you Secretary Mattis at that time,” said White House deputy reporter Sarah Sanders told reporters.

The United States currently has about 8,400 troops in Afghanistan. Army General John Nicholson, the US commander in Afghanistan, told Congress he could use an infusion of US and Allied troops to support the Afghan army.

Earlier this year, the Pentagon was considering a demand for an additional 3,000 soldiers, mainly for training and consulting. This decision, however, was blocked by examining the wider administration of NATO policy and pressure to contribute more Afghan troops.

This opens the way for US commanders to begin sending more forces in Afghanistan after years of cuts made in the hope that Kabul can handle the internal threats by himself.

Mattis, a former commander of all Middle East wars, said Tuesday that the United States did not win the war in Afghanistan.
“We do not win in Afghanistan now,” Mattis said, adding that “finding a solution as soon as possible.”

Mattis is described later victory in Afghanistan as the central government, with international aid, “will be able to handle violence.”

The new four-star general promotion in the retired Navy comes as Congress became increasingly anxious for a new Trump Administration strategy for America’s longest war while the Taliban will continue to go out into the field and to increase power , Including the launch of coordinated attacks on US troops and journalists in recent weeks.

The Afghan war has lasted since October 2001 and the US-led coalition has ended its combat mission against the Taliban in 2014, but is increasingly involved in supporting Afghan forces in the battlefield.

Singapore PM Lee Hsien Loong’s siblings fear for safety, denounce him over abuse of power

Singapore PM Lee Hsien Loong’s siblings fear for safety, denounce him over abuse of power

Singapore PM Lee Hsien Loong’s siblings fear for safety, denounce him over abuse of power

Singapore: A dispute between Singapore Prime Minister Lee Hsien Loong and his brothers are out in the open, revealing the deep divisions in the first family after accusing the Prime Minister of abuse of power and exploitation the legacy of Lee Kuan Yew, the founding leader of the city-state.

Prime Minister Lee Hsien Yang’s brother said in a Facebook statement that he was leaving Singapore, citing Hsien Loong as the sole reason for his departure.

“Since the death of our father (Lee Kuan Yew) in 2015, we felt threatened by the misuse Hsien Loong in his position and his influence on government agencies and Singapore to blow up his personal agenda,” said Hsien Yang and his sister Wei Ling said.

In the statement, titled “What Happened to Lee Kuan Yew’s Values?” Hsien Yang said that he, his wife and his sister Wei Ling feared “the use of state organs” against them.

The two brothers have accused their brother, Lee Hsien Loong, 65, of harboring political ambitions for his son, Li Hongyi, who works as a consultant for a Singapore government agency.

“If he prepares Hsien Loong to act against us, his little sister and his brother, both taxpayer members staying in Singapore to advance in their personal agenda, we care for Singapore.

We wonder if competent leaders with independent political legitimacy will be forced to ensure Hsien Loong seized power remains unanswered, “the statement said.

Instead of demolishing the house Kuan Yew that the former leader wished the prime minister tried to make his home personal residence – a move that would strengthen his political capital, according to the statement.

The founding father of Singapore, Kuan Yew wanted the family home, a bungalow in the Orchard district, to be demolished after his death, when it was to become a monument.

The Prime Minister and his wife, Ho Ching, CEO of Temasek Holdings, Singapore’s 196 billion-dollar sovereign fund, also raised political ambitions for his son Li Hongyi, the statement said.

The President of the Government, currently abroad with his family, has denied the allegations made by his brothers and said that he was “very disappointed” that they chose to publish a press release the publication of private family matters.

“Ho Ching and I deny these allegations, in particular the absurd claim that I have political ambitions for my son,” Lee said in a statement released by the prime minister’s office on his Facebook page.

“I am deeply saddened by the unfortunate accusations they made. Ho Ching (my wife) and I deny the
The allegations, particularly the absurd claims that I have political ambitions for my son, “Lee said.

“While siblings may have differences, I believe that these differences should remain in the family. Since my father’s death in March 2015, as an eldest son, I did everything possible to resolve problems between us in the family, respect for Our parents, “the prime minister said.

“The statement of my brothers and sisters hurt our father’s inheritance,” he said.

He said he was going to do everything he could to keep making his own parents. At the same time, he would continue to serve the Canadian Singapore “honesty” and to the extent of his ability.

“In particular, this means defending meritocracy, which is a fundamental value in our society,” the prime minister said.

Premier 65 had previously told parliament that he intended to fulfill his father’s wishes and evade any decision made by the house government.

The dispute in Singapore’s first family was made public in 2016 after the prime minister’s sister accused him of abusing his political power to Lee’s birthday commemorations.

The family fault is a rare public appearance of sharpness in the upper part of the tightly controlled city-state, where the limits of freedom of expression are vigorously controlled.

American student released from North Korea prison arrives in US

American student released from North Korea prison arrives in US

American student released from North Korea prison arrives in US

WASHINGTON: An American student who fell into a coma while imprisoned in a North Korean labor camp returned to the United States Tuesday night after Pyongyang allowed him to be taken home, US media reported.
A military plane with Otto Warmbier landed in his hometown of Cincinnati, Ohio, shortly before 10:20 pm (02:20 am Wednesday), CBS News reported.

Warmbier’s 18-month release from a 15-year sentence came as US President Donald Trump invited Korea’s new chief, Moon Jae-in, in Washington to hold talks on escalating stagnation over Korea’s nuclear program northern.

Secretary of State Rex Tillerson said earlier on the day his agency had “secured” the 22-year release in talks with North Korea and support three other Americans to be released. It was not immediately clear if concessions had been made.

The news was released after the NBA’s amazing basketball test, Dennis Rodman, a former contestant on the reality show Trump Celebrity Apprentice.

He flew to Pyongyang to resume his quest for relaxation between his American hometown and the authoritarian regime of Kim Jong-un.

However, State Department spokesman Heather Nauert said the visit “had nothing to do with the publication.”
Parents Warmbier, Fred and Cindy, said their statement Tuesday in a statement to CNN.

“Unfortunately, he’s in a coma and told us he was in this condition from March 2016,” they said. “We have learned that there is only one week.”

Arriving at Lunken Cincinnati airport, Warmbier was taken to an ambulance that precipitated Cincinnati University of Medicine for emergency treatment center, Fox News said.

Warmbier’s parents were informed that their son had been given a sleeping pill soon after his trial in March last year and never woke up.

US officials have declined to comment on his condition,
but former ambassador and New Mexico Gov. Bill Richardson said he had spoken to the family.

“Otto has been in a coma for more than a year and needs a proper medical emergency in the United States,” said Richardson, who previously served as special envoy to North Korea and continues to work on prisoner issues.

“We have received a call from Cindy and Fred Warmbier early today to catch up on Otto’s condition. To make it clear, North Korea must explain the causes of its coma.”
Tillerson told the senators at the beginning of a budget hearing that the State Department had no comment on the situation of M. Warmbier “out of respect for him and his family.”

The United States accused the North of using Warmbier as a political pawn, which condemns the sentence to be disproportionate in relation to the alleged crime.

The announcement came amid tensions between Washington and Pyongyang after a series of missile tests by the North, drawing attention to the accumulation of weapons that Pentagon chief Jim Mattis called today “a clear and present danger for all.”

Almost immediately after taking office in January Trump and his team – were briefed by current President Barack Obama – said North’s attempts to build, test and build a nuclear-capable ballistic missile are Washington’s biggest threat.

Washington has stepped up pressure on China and other foreign powers to impose existing UN sanctions and military assets deployed in the region.
Next to this track, the man of basketball Rodman arrived at Pyongyang Blasone wore a shirt of a cryptocurrent established for the marijuana.

The star visited the Stalinist state at least four times, the last in 2014, when he drew a barrage of criticism after being filmed singing his happy birthday to his “lifelong friend,” leader Kim.

Live Watch: Several killed in massive London fire

Live Watch: Several killed in massive London fire

Live Watch: Several killed in massive London fire

LONDON – People were killed in a major fire that has passed through a high-rise building in West London early Wednesday morning, the London Fire Commissioner said, though he could not say how. At least 30 people were sent to hospitals.

The flames shot from the windows to the end of the 24-storey Grenfell Tower in North Kensington as firefighters battled the fire and a pillar of smoke could be seen for several miles.

The cause of the fire was not immediately known. Residents said it seemed to start in an apartment on the ground floor and spread quickly.

“At this time, I am very sad to confirm that there have not been a number of deaths, I can not confirm the number at this time, due to the size and complexity of this building” Dany said Cotton, Commissioner for London Firefighters.
Fire teams have reached the 20th floor
A structure engineer checks the stability of the tower, the fire department said on Wednesday.

“We have a structure engineer, who, along with my search and rescue consultant, oversees the stability of the ship,” said Mrs. Cotton.

“At this time, the building is still safe for our teams are going to work.”

Ms. Cotton also said the crews had reached the 19 and 20 floors of the building so far.

The High India Commission replied:
The High Commissioner of India in London issued assistance numbers for all Indians affected by the fire:

Fire and frenzy
This incident is likely to fuel the frenzied and highly charged political debate of emotions in Britain, highlights many problems – management (and fire safety regulations) blocks the tachometer, problems related to inequality and affordable housing in The center of London.

According to the London poverty data collected by the New Kensington and Chelsea Policy Institute, the London borough where Grenfell is located, is the most affordable London city to rent. This allows high rates of people placed in a temporary housing.

As terrorist attacks have drawn attention to the cuts to the police, the Grenfell tragedy is likely to draw attention to the London fire brigade, including closing 10 fire stations and removing 500 firefighters to one Saving £ 100 million. Independent.

The review published in November last year called for no cuts if the fire department must have sufficient resources to meet the challenges of the future.

Second fire in West London
Rana Grenfell Fire is the second great fire place in West London during the past year. In August last year, homes were damaged after the fire was destroyed by tennis shepherds, an 18-story residential block in the London borough of Hammersmith and Fulham. There were no casualties.

London Fire Brigade said it believed it was because a faulty whirlpool was subjected to a “corrective action” by the manufacturer and should be seen by an engineer.

Our correspondent in London reported Vidya Ram:
While the fire department said it was too early to say anything about the cause of the fire that caused many casualties, attention has begun to focus on the state of the building, recently renovated with a new exterior cladding system to improve insulation And appearance.

Irregular sleep tied to worse grades

Irregular sleep tied to worse grades

Irregular sleep tied to worse grades

By Marilynn Larkin

(Reuters Health) – College students who endormissent and get up at different times of the week may affect their academic performance, according to a US study.

Consistency – go to bed and wake up at about the same time every day, including weekends – related to better average (GPA) among study students, researchers have revealed.

“College students who slept during the cold during the week and slept on the weekend had poorer scores than those whose schedules were more consistent,” said lead author Dr. Charles Czeisler, director of the Sleep Institute of Sleep Boston Brigham and Women’s Hospital. Reuters Health by email.

Importantly, it was not important to know how much students dream globally. Sleep time, by itself, could predict poor school performance, even if students were able to sleep at night with naps during the day, according to results published in Scientific Reports.

Czeisler and his colleagues studied the students 61 full time 18 to 24 years for 30 days. Students completed sleep logs, and the researchers used the Sleep Consistency Index (SRI), a tool that was developed to evaluate students’ sleep habits.

The index is scaled so that a person who sleeps and wakes up at exactly the same time each day scores 100, and someone who sleeps and wakes up two random notes 0.

Those who scored at the highest 20 percent were classified as regular sleepers and those who scored at 20 percent were irregular sleepers.

Both groups averaged about seven hours of sleep per day, although irregular dorsels reported lower sleep quality.

Regular sleepers slept 55 percent of the “clock night” – the hours between 10 in the morning. 10 hours – and only 1 percent of clock day, while irregular sleepers had slept, 42 percent of night and 11 percent of clock day.

As a result, irregular transverse experienced much less daylight and relatively light at night, which caused a delay in secretion of the hormone from the sleep hormone in the body, according to the researchers.

These differences have led to a change in the biological clock in the irregular crosses equivalent to the western travelers for almost three hours Czeisler said, which may explain their underachievement academic.

“For students whose sleep and wakefulness were incompatible, courses and exams scheduled for 8 hours out at 5 am – a time when cognitive performance deteriorates,” he said.

Greater regularity of sleep was associated with a better average. Any 10-point increase in the sleep regularity index was associated with an average increase of 0.10 points in the GPA. At the end of the study, the uneven sleepers score an average of 3.24 on a possible 4.0, and the average sleepers average 3.72.

The study does not prove that irregular sleep leads to poorer academic performance, researchers have pointed out, but this could be a sign of other daily habits that interfere with how students can do in college.

Increasing exposure to daylight and reducing exposure to laptops and other light-emitting devices before bedtime can improve sleep regularity, suggesting that.

Sleep specialist Dr. Rafael Pelayo of Stanford in California Sleep Medicine Center told Reuters Health that although it is possible that some people deal better with sleep deprivation than others, many students may have been below and not giving themselves account.

“I compare it to a race car,” Pelayo said. “The manufacturer can recommend high octane gas, but they can put the cheap gas and if you are stuck in traffic, you will not notice the difference. But if you put on a racetrack, you will ask the real question is. “? Could you take better academic results if you have a better quality of sleep ”

In general, students say when they go to bed or wake up depends on the day it is. When they are at different times every other day and at the weekend, Pelayo pointed out, “The brain is thrown. It is as always to be undone – you are never at your best.

Bank Audit Special Regulatory Treatment for Asset Classification

Reserve Bank of India has stipulated special regulatory frame work for asset classification, in modification to guidelines as enumerated in para 6 above. This special treatment will be available to the borrowers engaged in important business activities, subject to compliance with certain conditions as enumerated herein and is not extended to the following categories of advances:

  1. Consumer and personal advances;
  2. Advances classified as capital market exposures;
  • Advances classified as commercial real estate exposures

Thus benefit of special regulatory frame work would be available subject to compliance of conditions stipulated in the paragraph 7.1 below. If these conditions are not complied then guidelines as discussed in para 6 would apply to restructured accounts.

  • Elements of special regulatory framework

The special regulatory treatment has the following two components:

  • Incentive for quick implementation of the

restructuring package.

As an incentive for quick implementation of the package, if the approved package is implemented by the bank as per the following time schedule, the asset classification status may be restored to the position which existed when the reference was made to the CDR Cell or when the restructuring application was received by the bank.

  • Within 120 days from the date of approval under the CDR Mechanism.
  • Within 120 days from the date of receipt of application by the bank in other cases.
  • Retention of the asset classification of the restructured account in the pre­restructuring asset classification category Subject to the compliance with the

undernoted conditions in addition to the adherence to the prudential framework laid down in para 6 above,

  • An existing ‘standard asset’ will not be downgraded to the sub-standard category upon restructuring.
  • During the specified period, the asset classification of the sub-standard/doubtful accounts will not deteriorate upon restructuring, if satisfactory performance is demonstrated during the specified period.

These benefits will be available subject to compliance of the following conditions:

  1. The dues to the bank are ‘fully secured’ by tangible assets except in the following

cases:

  1. SSI borrowers, where the outstanding is up to ?25 lakh.
  2. Infrastructure projects, provided the cash flows generated from these projects are adequate for repayment of the advance, the financing bank(s) have in place an appropriate mechanism to escrow the cash flows, and also have a clear and legal first claim on these cash flows.
  3. The unit becomes viable in 8 years, if it is engaged in infrastructure activities, and in 5 years in the case of other units.
  • The repayment period of the restructured advance including the moratorium, if any, does not exceed 15 years in the case of infrastructure advances and 10 years in the case of other advances. The aforesaid ceiling of 10 years would not be applicable for restructured home loans; in these cases the Board of Directors of the banks should prescribe the maximum period for restructured advance keeping in view the safety and soundness of the advances.
  1. Promoters’ sacrifice and additional funds

Promoter’s personal guarantee should be obtained
in all cases of restructuring. Corporate guarantee
cannot be accepted as a substitute for personal
guarantee. However, the same can be accepted
in cases where promoters of a company are not
individuals.

 

Bank Audit Banks cannot reschedule/restructure/ renegotiate borrowal accounts with retrospective effect

  1. While a restructuring proposal is under consideration, the usual asset classification norms would continue to apply.
  2. The process of restructuring can be initiated by the bank in deserving cases subject to customer agreeing to the terms and conditions.
  3. No account will be taken up for restructuring by the banks unless the financial viability is established and there is a reasonable certainty of repayment from the borrower, as per the terms of restructuring package.
  4. The borrowers indulging in frauds and malfeasance are ineligible for restructuring. However, in old cases where the manner of classification of a borrower as a wilful defaulter was not transparent and bank satisfies itself that the borrower is in a position to rectify the wilful default, the restructuring of such cases may be done with board’s approval and for accounts the restructuring under the CDR Mechanism may be carried out with the approval of the Core Group
  5. BIFR cases are eligible for restructuring after their express approval and ensuring that all the formalities in seeking the approval from BIFR are completed before implementing the package.
    • Asset Classification Norms
  6. The restructuring/rescheduling/renegotiation of the terms of loan agreement could take place:
  • before commencement of commercial operations;
  • after commencement of commercial operations but before the asset has been classified as sub standard;
  • after commencement of commercial operations and after the asset has been classified as substandard.
  1. Upon restructuring, the accounts classified as ‘standard assets’ would get reclassified as ‘substandard assets’ and account which is already NPA would continue to have the same classification and slip in to further lower asset classification as per the extant asset classification norms.
  2. Any additional finance may be treated as ‘standard asset’, up to a period of one year after the first interest/principal payment, whichever is earlier, falls due under the approved restructuring package.

No account will be taken up for restructuring by the banks unless the financial viability is established and there is a reasonable certainty of repayment from the borrower as per the terms of restructuring package.

All restructured accounts which have been classified as NPA upon restructuring, would be eligible for up-gradation to the ‘standard’ category after observation of ‘satisfactory performance’ during the specified period. Specified period means a period of one year from the commencement of the first payment of interest or principal whichever is later, on the credit facility with longest period of moratorium under the terms of restructuring package.

  1. However, accounts of the borrower can continue to be classified in existing asset classification category subject to fulfilment of conditions enumerated in para 7 below.

6.4. Provisioning Norms:

  1. The total provisions required against an account under restructuring would be normal provisions plus provisions in lieu of diminution in the fair value of the advances.
  2. Normal provision is discussed in para 8.
  3. Diminution in fair value of the advance is difference between fair value of advance before and after restructuring. Fair value of advance before/after restructuring is computed as the present value of cash flows representing the interest at the existing rate/revised rate charged on the advance before/after restructuring and discounted at an appropriate rate. The difference between two fair values would be the diminution in value of advance which would be provided for.
  4. The diminution in the fair value would be required to be re-computed on each balance sheet date till satisfactory completion of all repayment obligations and full repayment of the outstanding in the account. Consequently, banks would be required to provide for the shortfall in provision or reverse the amount of excess provision.
  5. As an alternative to the methodology prescribed above for computing the amount of diminution in the fair value, banks will have the option of notionally computing the amount of diminution in the fair value and providing therefore, at five percent of the total exposure, in respect of all restructured accounts where the total dues to bank are less than ? 1 crore. Restructured advances classified as standard or classified as NPA but subsequently upgraded would attract higher provision.