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Parkland Co. (TSE:PKI) Given Average Recommendation of “Buy” by AnalystsBRUSSELS , Dec. 24, 2024 /PRNewswire/ -- In an upcoming EU Reporter interview , M. Shigeo Katsu , Founding President of Nazarbayev University (NU) and a key architect of Kazakhstan's education reforms, will address the escalating scandal surrounding financial mismanagement at the country's flagship higher education institution. The crisis gained public attention following the announcement of the state audit results of Nazarbayev University. The revelations have sparked widespread concerns about transparency and oversight at one of Central Asia's most prestigious universities. Adding to the controversy are allegations of financial mismanagement involving the New Generation Foundation, the Jusan Group — entities originally established to ensure the long-term financial sustainability of NU and Nazarbayev Intellectual Schools (NIS). Questions have also been raised about the state of affairs at NU's Social Development Fund. Reports suggest that funds may have been misappropriated, triggering outrage from students, educators, and civil society. In response, a student initiative group from Nazarbayev University issued an open letter demanding the release of both the state audit and NU's internal audit of the Social Development Fund. The letter also calls for greater accountability, enhanced transparency, and the protection of students' rights. This appeal reflects mounting frustration with the university's leadership and a growing demand for immediate corrective action. Shigeo Katsu's interview will shed light on these unfolding developments. As a former leader of NU, Katsu is uniquely positioned to analyze the root causes of the crisis, critique the university's response, and discuss the broader implications for Kazakhstan's education sector. The full interview can be found here: https://www.eureporter.co/kazakhstan-2/2024/12/23/the-battle-for-nazarbayev-universitys-future-shigeo-katsu-on-financial-mismanagement-and-accountability/ The Battle for Nazarbayev University's Future: Shigeo Katsu on Financial Mismanagement and Accountability In light of recent controversies surrounding the financial governance of Nazarbayev University (NU) and Nazarbayev Intellectual Schools (NIS), an open letter from concerned students has surfaced, addressing the troubling mismanagement of funds and alleged conflicts of interest. The letter highlights a series of financial decisions that led to the unraveling of key institutions meant to ensure the long-term stability of NU and NIS. The students are particularly concerned about the fate of the Jusan Group and the Nazarbayev Fund (NGF), which were once positioned to secure the financial future of these two leading educational institutions. Instead, they allege that significant funds were misappropriated and whole organizations lost, leading to the collapse of what was once a promising financial structure. In response, Shigeo Katsu , the Founding President of Nazarbayev University, has also written an open letter , received by EU Reporter, addressing the ongoing crisis and providing his perspective on the unfolding situation. In his letter, Katsu outlines the rationale of engagement in the financial sector and the erosion of the initial vision for NU, highlighting the role of key financial institutions like Jusan Bank and the NGF in securing a stable future for the university and NIS. He draws attention to the series of decisions that led to the loss of the former and calls for urgent remedial actions to prevent further damage to the institutions' credibility and financial stability . In this exclusive interview with EU Reporter , Shigeo Katsu , the Founding President of Nazarbayev University, sheds light on these pressing issues. He discusses the audit findings, the role of Jusan Bank , and what must be done to restore trust and secure the future of NU and NIS. Bio: Mr. Shigeo Katsu is the Founding President of Nazarbayev University. He held the position of President from December 2010 until June 2023 . He was Chair of the Board of Trustees of an affiliated secondary school system, the Nazarbayev Intellectual Schools, and of the University's hospital system. Prior to the assignments in Kazakhstan , over the course of a 30-year career at the World Bank, Mr. Shigeo Katsu held various positions including leading financial sector reform support for China , Director for Cote d'Ivoire , and Vice President for Europe and Central Asia . After his retirement from the World Bank, he served for a few years on the US board of a youth-oriented international development NGO. Between 2011 and 2015 he was an Advisory Panel member of the ASEAN+3 Macroeconomic Research Office (AMRO). Questions: - We have exclusively published your open letter and anticipate that it will generate a significant response. What drove you to write it, particularly in light of the misuse of funds intended to ensure the long-term financial stability of Nazarbayev University (NU) and Nazarbayev Intellectual Schools (NIS)? The decision to write the open letter was not made lightly. It was driven by a profound sense of responsibility to the students, faculty, and broader community of Nazarbayev University (NU) and Nazarbayev Intellectual Schools (NIS). These institutions were established with a vision to create world-class educational hubs in Kazakhstan and establish a center of excellence for academic research. Ensuring their financial independence and long-term stability is a core requirement to achieve the two institutions' mission. However, recent developments revealed through state and internal audits have exposed serious breaches of trust. The misuse of funds from entities like the University's Social Development Fund, New Generation Foundation, and Jusan Group directly threatens the sustainability of NU and NIS. These funds were meant to build up and guarantee the financial security of the institutions. Instead, we now see signs of embezzlement, mismanagement, and a concerning lack of accountability. The role played by key figures like the directors and executives of NGF, of Aslan Sarinzhipov (Executive Vice President of NU, a former Minister of Education) and Kadisha Dairova (Vice President for Student Affairs and International Cooperation, Nazarbayev University) only adds to the gravity of the situation. By writing the letter, my goal was to bring transparency to the issue and to mobilize public attention and international scrutiny. NU and NIS were founded on principles of meritocracy, transparency, and academic freedom. If we allow these values to be compromised, we risk undoing more than a decade of progress. The letter serves as a call for accountability, reform, and most importantly, protection of the future of Kazakhstan's youth. - Many students and alumni of NU have expressed their concern over the lowering of admission standards and the shift away from international standards. How do you assess these changes, and do you see them as diverging from the original vision for NU? NU was conceived as a model of excellence , designed to meet international standards in research, teaching, and governance. One of its founding principles was merit-based admission , which ensured that students were selected solely based on their ability and potential. This meritocratic foundation was not only an academic principle but a reflection of NU's mission to transform Kazakhstan's education system. Students, alumni, faculty and staff have worked hard to build NU's name. Now students, alumni and parents are rightly concerned that the lowering of admission standards undermines this mission and risks eroding the university's reputation both domestically and internationally. Such changes create the perception that NU is moving away from its original vision of being a world-class institution. To restore confidence, NU must reaffirm its commitment to international standards, transparency, and academic rigor. Reverting to merit-based admissions and prioritizing excellence will send a clear message that the institution remains steadfast in its mission. In the Open Letter, I stated that in theory, a policy of opening the entry door wider, but then be resolutely strict in terms of progression and graduation based on academic integrity and merit could work. There are some cases globally. However, it can only work if there is a full commitment to integrity and merit, openness and transparency, and NU's original values are upheld. But unfortunately, what I have observed and heard about recent developments at NU does not make me optimistic. While administration is supposedly in a belt-tightening mode, new senior positions were created and filled with scant regard for a proper hiring process and qualification. Conflict of interest and restrictions on hiring family members have been discarded. These are just a few of the institutional changes that will inevitably bleed over into the academic fabric as well. Is this the example that senior management wants to present to our students? - Do you believe the current situation, where the financial foundations like the Social Development Fund and New Generation Foundation were mismanaged, reflects a broader crisis within Kazakhstan's governance and democracy? Absolutely, but to be fair, this corporate governance crisis is not just limited to Kazakhstan . The findings of the internal audit conducted by NU on the Social Development Fund (SDF) reveal a systemic absence of check and balances and accountability that extends beyond these institutions. Mismanagement and theft, such as those involving Aslan Sarinzhipov , have not only undermined NU and NIS but also shaken public trust in Kazakhstan's leadership. The financial institutions linked to NU and NIS—Nazarbayev Fund, New Generation Foundation, and Jusan Group — were designed to guarantee long-term financial stability for education in Kazakhstan , securing the futures of NU and NIS for decades. However, NGF and Jusan Group's systematic depletion and dismantling highlight the country's struggle with accountability and the need for deep structural reform. This mismanagement reflects broader governance failings—particularly a lack of oversight, transparency, and mechanisms to prevent conflicts of interest. I cannot pronounce myself on the current status of the NF, but I would not be surprised if one discovers similar shortcomings there as well. I had called for an audit for some time until my departure but was not successful. The impact extends beyond education, affecting the economic and social fabric of Kazakhstan . Addressing these issues requires not just reforms within these organizations but also a renewed commitment to governance, accountability, and emphasis on establishing the rule of law. - With the financial stability once promised by entities like the NGF now in jeopardy, how do you envision NU's future without those foundational guarantees? The original intent of the Nazarbayev Fund, New Generation Foundation, and Jusan Group was to provide NU and NIS with long-term financial stability. These entities were carefully designed to ensure that Kazakhstan's leading educational institutions could eventually operate in a manner less affected by state budget fluctuations. However, as the audits reveal, these institutions have been systematically mismanaged and looted, jeopardizing the financial future of NU and NIS. NU's survival and success now depend on a bold and transparent strategy. The first step is to rebuild trust with the public, students, and alumni by publishing the findings of both the state audit of NU and the internal audit of SDF. Then, those responsible are held accountable. Financially, NU must re-establish a diversified funding model. This includes rebuilding its endowments and enhancing additional revenue streams, such as a logical and sound tuition policy, executive education and collaboration with industry and business in the form of contract research. Transparency and governance reform will be key to attract donors and investors who believe in NU's mission and potential. - The Supreme Audit Chamber of Kazakhstan , in its state audit, reported the mismanagement of 73.5 billion tenge at Nazarbayev University , as well as allegations of half a billion tenge being used illegally. What is your opinion on this, and how should the university address governance and corruption issues? I have not had the opportunity to access the state audit report, thus it is difficult to comment. If the cited amount in mismanagement of 73.5 billion tenge over six years is true, it is scandalous. However, we do not know what the auditors' definition and criteria of mismanagement is. So, let's first find out what the report actually says. What is clear, however, is the outcome of a 2023 internal audit of NU's Social Development Fund (SDF) , and it is sobering. This SDF audit reveals a blatant disregard of corporate governance principles, where individuals entrusted with university resources prioritized personal gain over the mission of NU. The audit revealed that SDF management led by current NU Executive Vice President Aslan Sarinzhipov constructed an intricate web of subsidiary entities, including abroad, to systematically evade the oversight and control of the University. Funds ( over 14 billion tenge ) meant to assist students and faculty were used for personal gains of Aslan Sarinzhipov and questionable deals. Unfortunately, NU senior officials such as Vice President Kadisha Dairova participated in such schemes. When I voiced my concern earlier over the developments at NU, it is largely because of the track record of senior officials there. For NU to move forward, it must adopt zero-tolerance policies for corruption, demand accountability from those responsible, and reform its governance structures to ensure transparency. - Why do some claim there is a lack of funds for NU and NIS, despite the promises of financial stability from their endowment funds? The claim of a lack of funds is a direct consequence of the systematic looting of resources from the New Generation Foundation and Jusan Group. These entities were explicitly designed to contribute to NU and NIS' long-term financial sustainability against the backdrop of reduced state funding. However, as I described in my Open Letter, these innovative financial structures have been undermined by mismanagement, and outright theft. For instance: Rebuilding financial stability will require recovering stolen assets, reforming governance structures, and restoring public trust through full transparency and accountability. - Given the scale of financial mismanagement, what steps are necessary to ensure accountability for those involved, including senior officials? Accountability must begin with transparency. First, all findings from the audits should be made public, and independent investigations should be conducted to identify those responsible. No individual, regardless of rank or influence, should be above scrutiny. Second, legal consequences must follow where wrongdoing is found. Kazakhstan's legal system must demonstrate its independence and commitment to justice by prosecuting those who exploited these funds. Finally, governance reforms are essential. NU and its associated entities must implement stricter checks and balances, including external audits, whistleblower protections, and oversight committees with independent members. These steps are not just about rectifying past mistakes—they're about ensuring a future where such mismanagement cannot happen again. - The audit findings were just the beginning of uncovering deeper issues. Is there more information you can share about how these financial foundations were exploited and what this means for the future of NU and NIS? The patterns that have emerged—opaque transactions, conflicts of interest, and questionable settlements—are deeply troubling. For instance, the transfer of assets to private hands under unclear terms raises red flags about the intentions behind such decisions. This exploitation puts the futures of NU and NIS at risk. These institutions were designed to be financially independent, insulated from political and economic volatility. The weakening of their financial foundations erodes their ability to deliver on their missions and betrays the trust of the Kazakhstani people, who have invested in these institutions through their taxes. The way forward requires not just recovering lost assets but rebuilding the governance systems that allowed this exploitation to occur. - Nazarbayev University was founded with a mission to serve as a model for higher education in Kazakhstan , supported by funds like those from the Nazarbayev Fund and New Generation Foundation. What was your original vision for the university, and how did these funds play a critical role in realizing that vision? The vision for NU was bold: to create an institution that could compete with the best universities in the world while serving as a model for higher education reform in Kazakhstan . From day one, we envisioned NU as a hub for innovation, research, and leadership development—a place where the brightest minds could come together to solve the challenges of tomorrow. However, one should not forget that universities, in particular research universities, are a long-term endeavor. They are meant to educate and develop generations upon generations of leaders and professionals in a broad range of sectors, and thus contribute to the scientific, economic, and societal wealth of countries. Building a strong institution that can meet the test of time requires long-term and unwavering commitments to foundational values such as integrity, meritocracy, excellence, openness and transparency. But of course, strong financial support from government and other stakeholders is needed, especially in the first decades. Thus, it was understood that NU would be dependent on state funding (through education grants and capital investments) for the initial decades of its existence, while in the meantime it would develop other sources of financing such as through endowment funds, tuition, and contract research. The Nazarbayev Fund, NGF and the Jusan Group were integral parts of this vision. This overall construct allowed us to recruit world-class faculty, develop state-of-the-art facilities, and provide scholarships to talented students, many from underprivileged backgrounds. These resources weren't just financial—they were a vote of confidence in NU's mission and a recognition of the transformative power of education. The loss of these resources is a significant setback, but I do hope that NU can recover. The university must focus on rebuilding trust with its stakeholders—students, faculty, alumni, and the public. This starts with transparency in financial management and governance. Diversifying funding sources will be crucial. This includes rebuilding its endowments, engaging with the philanthropic community, and developing innovative revenue streams. But most importantly, NU must stay true to its mission and values. Financial stability is important, but it must never come at the cost of compromising the university's integrity or academic excellence. Restoring NU's credibility begins with transparency. For instance, the university must share the audit report with stakeholders, and openly address any major shortcomings highlighted in the audit, including financial mismanagement and governance failures. An independent investigation, followed by public disclosure of findings, will demonstrate a commitment to accountability. Next, an affirmation of NU's commitment to its foundational values and principles is needed. Next, institutional reforms are essential. This includes introducing stronger oversight mechanisms for financial and administrative processes, ensuring that governance boards are staffed with individuals of the highest integrity and independence, and that management, faculty and staff are recruited on the basis of transparency and merit. Fourth, NU must recommit itself to its founding mission of academic excellence. This means maintaining rigorous admission standards, prioritizing high-quality faculty recruitment, and fostering research that addresses national and global challenges. And finally, engaging the NU community—students, faculty, alumni, and parents—in shaping the university's path forward is critical. A transparent, inclusive process will rebuild trust and reaffirm NU's position as a leader in higher education. Educational reform is not just critical—it is foundational to Kazakhstan's economic recovery and long-term stability. The pandemic exposed vulnerabilities in education systems worldwide, but it also underscored the importance of adaptability, innovation, and resilience. For Kazakhstan , investing in education means investing in the future. A well-educated population is essential for diversifying the economy, attracting foreign investment, and fostering innovation. Institutions like NU and NIS must lead the way by setting benchmarks for quality and demonstrating the value of education in driving economic progress. Moreover, reform must focus on equity. Expanding access to high-quality education for students from socially vulnerable backgrounds will ensure that economic recovery benefits all segments of society, not just the privileged few. - How do you see the role of institutions like NU and NIS in not only providing quality education but also contributing to economic growth in Kazakhstan , especially when financial stability is threatened? NU and NIS are more than educational institutions—they are catalysts for economic growth and social development. By equipping students with critical thinking skills, technical expertise, and a global perspective, they prepare the workforce needed to diversify Kazakhstan's economy. Their impact extends beyond classrooms. NU's research contributes to solving national challenges in areas like energy, healthcare, and technology. Meanwhile, NIS fosters innovation and leadership at the secondary education level, creating a pipeline of talent that benefits universities and industries alike. To sustain this role, NU and NIS must secure their financial stability. This includes strengthening governance, diversifying funding sources, and forging partnerships with the private sector and international organizations. These institutions are vital to Kazakhstan's future, and their success is intertwined with the country's broader economic ambitions. - Could the model used by NU and supported by the Nazarbayev Fund be applied in other countries, or does it require a uniquely Kazakh approach to work effectively? The NU model is innovative, but its core principles—integrity, meritocracy, autonomy, and a focus on global best practices—are universally applicable. Many countries could benefit from establishing institutions that prioritize excellence and align with international standards. That said, successful implementation depends on adapting the model to local contexts. Kazakhstan's approach benefited from strong initial financial and political backing, and a vision that emphasized independence from political and state bureaucratic interference. Replicating this requires careful consideration of governance structures, funding mechanisms, autonomy and other values, and cultural factors. In countries where philanthropic traditions or financial resources are limited, the model may need to rely more on public-private partnerships or international collaborations. Ultimately, the NU experience demonstrates that ambitious goals in education are achievable with the right vision, leadership, and long-term commitment support. - What lessons do you hope others will learn from the experience of the NGF, Jusan Bank , and the financial turmoil at NU? The story of NU and its financial affiliates offers a critical lesson: no institution, no matter how noble its mission, is immune to mismanagement and corruption without strong governance. NU and NIS' financial pillars, namely the Nazarbayev Fund, NGF, Jusan Group, but also the SDF and NIS' Corporate Development Fund were designed to guarantee long-term financial sustainability, yet their exploitation demonstrates how quickly trust can be eroded when transparency and accountability are neglected. For any endowment fund or financial institution, the following lessons are clear: NU's experience is a cautionary tale but also an opportunity. By addressing these failures head-on, NU can emerge as a model for how institutions can learn from adversity and rebuild stronger than before. View original content to download multimedia: https://www.prnewswire.com/news-releases/nazarbayev-university-crisis-shigeo-katsu-demands-audit-transparency-302338886.html SOURCE EU Reporter
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Ottawa Senators (10-11-1, in the Atlantic Division) vs. Los Angeles Kings (13-8-3, in the Pacific Division) Los Angeles; Saturday, 7 p.m. EST BETMGM SPORTSBOOK LINE: Kings -123, Senators +102; over/under is 6 BOTTOM LINE: The Ottawa Senators visit the Los Angeles Kings after Adam Gaudette's two-goal game against the San Jose Sharks in the Senators' 4-3 win. Los Angeles has a 13-8-3 record overall and a 7-2-1 record in home games. The Kings have conceded 65 goals while scoring 71 for a +6 scoring differential. Ottawa is 10-11-1 overall and 4-6-0 on the road. The Senators have allowed 71 goals while scoring 70 for a -1 scoring differential. Saturday's game is the second time these teams meet this season. The Senators won the last meeting 8-7 in overtime. Gaudette scored two goals in the win. TOP PERFORMERS: Anze Kopitar has seven goals and 20 assists for the Kings. Adrian Kempe has six goals and five assists over the past 10 games. Brady Tkachuk has 11 goals and 12 assists for the Senators. Gaudette has scored five goals over the last 10 games. LAST 10 GAMES: Kings: 5-5-0, averaging 2.4 goals, 4.6 assists, 3.5 penalties and 8.1 penalty minutes while giving up 2.2 goals per game. Senators: 4-5-1, averaging 2.7 goals, 4.9 assists, 4.1 penalties and 9.6 penalty minutes while giving up 3.1 goals per game. INJURIES: Kings: None listed. Senators: None listed. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar . The Associated Press
Kam Jones scored 20 points and dished with 10 assists to lead the No. 10 Marquette Golden Eagles to a 94-62 victory over the visiting Western Carolina on Saturday afternoon in Milwaukee. Jones added six rebounds for Marquette (8-0), which is off to its best start since winning 10 straight to begin the 2011-12 campaign that ended with a Sweet 16 appearance. Ben Gold added 12 points, while Stevie Mitchell scored 10 and had three steals. David Joplin, Caedin Hamilton and Royce Parham each netted nine points for the Golden Eagles. The Catamounts (2-4) were led by Bernard Pelote's 13 points and eight boards. Jamar Livingston chipped in 10 points and CJ Hyland bundled five points with five rebounds and six assists. Marquette controlled most of the game, thanks largely to 51.4 percent shooting and 21 takeaways. The Golden Eagles built a 16-point lead in the first half before Western Carolina clawed within 37-28 with 3:55 left. Marquette responded with a 12-2 run to take a 49-30 advantage into the break, its largest lead of the game to that point. The game quickly got out of hand from there, with the Golden Eagles eventually scoring 11 straight points to push its lead to 81-45 with 7:15 remaining. Marquette finished with 26 points off of Catamount turnovers and hit 14 of 40 shots (35.0 percent) from 3-point range. The win wasn't all smooth sailing for the Golden Eagles, who lost backup guard Zaide Lowery to an apparent left knee injury. Lowery was helped off the court and into the locker room by his teammates with 1:36 left in the game. Saturday's game was a final tune-up for Marquette, which has three challenging games coming up against No. 5 Iowa State, No. 15 Wisconsin and Dayton before Big East conference play begins Dec. 18. --Field Level Media
Hyderabad: K Jamuna (38) and P Padma (40) are both sisters who migrated to Hyderabad from Munagala several years ago. Both have one thing in common. Their husbands had deserted them long ago, and they are hardworking Dalit single women. Refusing to be victimised, they have been working odd jobs in Hyderabad to earn a living and feed their children. For several months Jamuna has been running a tea stall and Padma has been selling coconuts on a footpath close to Moosarambagh bus stop. During the Greater Hyderabad Municipal Corporation’s (GHMC) special drive to clear footpaths recently, their stalls (encroachments) were shut down. They don’t have a shelter in their native village in Suryapet district, as their brothers have been claiming ownership of their parents’ property. In Hyderabad, it is a struggle for survival, with Jamuna suffering heavy loss due to theft, when both her commercial cylinders and heavy utensils were stolen during the night by an unknown person and Padma becoming a victim of policy enforcement. They both live in small rented rooms close to where they were running their micro businesses. Mohd Ismail (45), an auto driver from Zeba Bagh, Asif Nagar, has 40% locomotor disability due to spinal fusion performed on his lower back (a rod inserted to support his spine). He pays Rs 300 per day for his rented auto rickshaw and feeds his family of five (including two daughters and a son) with whatever he earns. All these three individuals are connected with a single dream- to have their own house. While Padma and Jamuna applied for the Indiramma Illu housing scheme during the ‘Praja Palana’ special drive held to enroll beneficiaries of various state government schemes after Congress came to power; Ismail lost hope after applying for the 2BHK scheme in 2016 and 2018. “Both times the officials came to my house, and enquired about our socio-economic condition, but I couldn’t get a 2BHK allotment. Having lost hope, I didn’t apply for the Indiramma Illu scheme,” he tells Siasat.com . There are lakhs of people who share their plight, which has been reflected in the number of applications received for houses during the Praja Palana drive- 80.54 lakh prospective beneficiaries, which explains the seriousness of the housing crisis among the people living below the poverty line. According to revenue and housing minister Ponguleti Srinivas Reddy, during the BRS government, 1,52,000 2BHK houses were supposed to be built, among which 63,000 houses were constructed and given to the beneficiaries. Among the rest, 36,000 houses were built, but beneficiaries were not identified. There were around 52,000 houses among which even tenders were called for 40,000-odd houses, but works had not started, and for the rest of the 12,000-odd houses, no tenders were called. While this was the performance of the BRS government, on coming to power after the 2023 assembly elections, the Congress government announced the Indiramma Illu scheme for the poor as part of its six guarantees. The scheme envisions giving Rs 5 lakh per house to beneficiaries owning land and also intends to build Indiramma housing colonies in villages and mandals for those who didn’t own any land. The major difference between the earlier 2BHK scheme and the Indiramma Illu scheme is that in the latter, the beneficiaries are given money by the government in four phases, during the four stages of the construction of houses. The beneficiaries have the liberty to model their houses as per their wishes, but the minimum extent of land for Indiramma Illu is 400 sq ft area, with a kitchen and bathroom/toilet made mandatory. The Indiramma Illu mobile App that was launched on December 5 holds the key to the identification of beneficiaries. As of December 23, out of 80.54 lakh applications, the information of 32 lakh beneficiaries has been recorded in the Indiramma Illu app. The housing minister told the media that by the first week of January, all the applications will be registered, after which scrutiny of the applications will happen. Among the 32 lakh applications surveyed, 9,19,676 applications were of those having house sites, 1,22,438 were of those having RCC (concrete reinforced cement) constructions, 2,17,096 having asbestos roofs, 41,971 have either plastic or tarpaulin roofs, and 2,17,096 have a tiled roof. The state government plans 4 step check process to ensure that only the poorest of the poor beneficiaries are selected for the first phase of the project, which is to build 4.5 lakh houses in one year, and a total of 20 lakh houses in 4 years. The state government plans to construct 500 houses in each mandal headquarters, for which 474 sites have been identified. Construction works in mandal headquarters began in Adilabad, Bhadradri-Kothagudem, Mahabubabad, Asifabad, Khammam, Nagarkurnool, Nizamabad, and Vikarabad districts. The Indiramma Illu committees will hold gram sabhas in villages and ward sabhas in the municipalities/municipal corporations, and determine who will be the beneficiaries under the first phase. The Mandal Parishad Development Officer (MPDO)/ Municipal Commissioner will conduct a random check of 5% of the data captured in the mobile app. A district-level officer appointed by the district collector would be the third layer of checking the beneficiaries, and finally, a 360-degree system check will be done using artificial intelligence (AI). The housing corporation plans to open a website where prospective beneficiaries can lodge complaints regarding any aspect of the scheme, and soon a toll-free number will be launched for the same purpose. The BRS government had shut down Telangana State Housing Corporation Ltd during its second term and deputed all the engineers in the department in other departments. After assuming power, the Congress government reopened the department and brought together the same engineers, to work on its flagship Indiramma Illu project. On Tuesday, December 24, Srinivas Reddy held an orientation meeting with the housing officials and gave promotion orders to some of them who were promoted by the state government. The state government also deputed an executive engineer as project officer for the project in each district, to oversee its implementation. Srinivas Reddy has made it amply clear to the housing officials to ensure that there is no scope for any corruption in the identification of the beneficiaries. He even went on to say that there would be zero tolerance if any official deviated from his direction of identifying the “poorest of the poor” beneficiaries under the scheme. He said that single women, widows, persons with disabilities, and those living in huts needed to be top priority. He asked the officials to first construct Indiramma Illu model houses near MPDO offices in every Mandal by the end of January. Now, the issue remains as to what the state government plans to do with the 2BHK houses left incompletely constructed during the BRS government. Though there is no final decision taken on that subject. Ponguleti stressed the need to involve the beneficiaries in the completion of those houses, by removing the contractor system. He divided the 2BHK houses into three categories- the ones that are ready but beneficiaries haven’t been finalised, the ones that are nearing completion but beneficiaries haven’t been finalised, and the ones which were still in the early stages of construction, but contractors have deserted them midway. To finish the houses in the first category, the state government released Rs 196.46 crore on November 25, to provide all basic amenities that were not provided previously. However, according to officials, tenders were called for these works only in 7 districts out of 31 districts for which these works were intended. In the second category of houses left incomplete, Ponguleti asked the officials to finalise the beneficiaries and allot them houses so that they could be paid the residual amount of the work yet to be completed, which the beneficiaries could complete. “If we involve the beneficiaries the amount will not be misused, and they will add some more money to complete it if it falls short” he told the officials. However, the complication here is with the multi-storeyed dignity housing (2BHK) complexes built during the BRS government, especially those where slabs have been laid but walls and other fixtures weren’t completed, and those buildings where foundations were laid but slabs weren’t constructed. The state government is deliberating the option of first convincing the earlier contractors to complete them and claim the bills, which the minister assured, would be paid between the 5th and 7th of every month. If the contractors are not ready to go ahead, the second option of letting the beneficiaries construct the walls, windows, and other fixtures is being considered. However, the total construction amount would have to be within Rs 5 lakh per unit limit, and there is no scope for further escalation of cost, which has clearly been communicated by the minister to the officials. One challenge here would be to empower the beneficiaries in G+9 2bhk dignity houses in GHMC areas, where 108 houses are supposed to be built in a single tower. Some officials are suggesting forming a committee of those beneficiaries, and releasing the residual funds to them directly; so that they can source the raw materials locally, which would also be cost-effective for them. In smaller municipalities, a 2BHK tower would have 25 houses, in a medium municipality it would be 50 houses in a tower, and in areas like GHMC, it would be over 100 houses in a tower. The minister has asked the officials to come up with a report with their suggestions about how the incomplete constructions could be completed and handed over to the beneficiaries who have been waiting for years. Ponguleti also announced that the state government was planning to construct housing colonies in four directions of the city, with houses to be constructed on a sprawling 100 acres in each of those colonies. In these housing colonies, Indiramma houses will be constructed for low-income, medium-income, and high-income groups, and they will be sold at a set price to those interested in owning them- on a no-loss-no-profit basis. On the question of what happened to the Gruha Jyothi scheme that was launched by the BRS government just before the 2023 Assembly elections where the beneficiaries were to be given Rs 3 lakh per house if they owned land, he alleged that only 600-700 houses given under Gruha Jyothi, that too to those wearing “pink shirts” (BRS party leaders). “We have no problem in giving houses to those wearing pink shirts, but they will have to fall under the poorest of the poor category,” he added. The successful completion of the Indiramma Illu project and 2BHK houses would be the major deliverables of the Congress government in 2025 and for the poorest of the poor like Padma, Jamuna, Ismail, and lakhs of deserving beneficiaries like them, this Congress’ guarantee is the last glimmer of hope to live a life of dignity.Junking all-pass system will usher in long-pending education overhaul: Annamalai
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As a critic, I'm sometimes asked about my note-taking habits: Do you take a lot of notes? (Almost always; my memory can get fuzzy fast.) How do you do this in a dark theater? (Absolutely no phone screens! I scribble furiously with a pen and paper and hope for the best.) What do you usually take notes about? To that last question, it truly varies, but I can say that I'm consistently being pulled in by words, spoken and unspoken. The profound, the funny, the relatable, the subtext-laden; the lines that reveal some kind of truth about the world on screen and thus the world we're existing in now. When I think of some of my most memorable film-going experiences of 2024 – a great year for movies! – these are some of the moments and performances that have moved me, and stuck even many months later. Gendered inequities become glaringly obvious very quickly in Jesse Moss and Amanda McBaine's fascinating documentary about the long-running high school program known as Girls State. Like many before them, the ambitious civic-minded teens profiled here set out to build their own government from the ground up. But the film was shot in 2022, the first time the Missouri chapter hosted both the girls and boys programs on the same campus at the same time, and the girls spend much of their time observing how much attention is paid to the enforcement of dress codes and how little is given to discussing more substantial and urgent political issues. (Meanwhile, there's ample evidence the boys' ambitions are taken far more seriously. Among their advantages: being "sworn in" to "office" by the state governor.) In one scene some of the girls commiserate over their disappointment with the tenor of the program, with one of them calling it out as distracting "fluff." The moment speaks to the obstacles that still persist for women in politics and is a sobering depiction of young hopefuls getting an early taste of political disillusionment. The final lines of Jane Schoenbrun's challenging and mesmerizing transgender allegory are a wallop of a denouement, proffering both sadness and hope. The sadness comes from everything we've learned about the meek protagonist Owen (Justice Smith) to this point – how, out of paralyzing fear, they've made a deliberate choice to deny their true self, and live a depressing and unfulfilling life. Now working at the kind of job that can only be described as the stuff of nightmares – a Chuck E. Cheese-like amusement center – the crushing weight of their denial finally hits, and sends them into a panic attack in the middle of a child's birthday celebration. The beauty of Megan Park's coming-of-age dramedy is that it never attempts to explain how 18-year-old Elliott (Maisy Stella) comes to encounter her 39-year-old self (Aubrey Plaza), beyond a hallucinogenic mushroom trip the first time she appears. The obvious and more pressing question then is, What does my future hold? When older Elliott delivers the sobering news to younger Elliott – that life rarely plays out exactly as planned – the reality of many millennials and Gen Zers the world over is succinctly and wittily acknowledged. Own a house? Work a fulfilling job that also pays at least a living wage? LOL. Park's film mercifully doesn't dwell on such cynicism, but it is all the better for those little nuggets of pointed commentary peppered throughout, blending a healthy dose of lived wisdom with the energy of youthful optimism. Julia Louis-Dreyfus' Zora is unquestionably relatable — what person wouldn't do everything in their power to ward off a loved one's impending death, especially their child's? But ultimately, Zora's impulses are more harmful than good for her terminally ill daughter Tuesday (Lola Petticrew), who's already come to terms with her own fate. It takes several extreme attempts at "killing" Death, imagined here as a majestically baritone macaw voiced by Arinzé Kene, before Zora understands she must set aside her own fears of what's to come and live in the present. One night, inquisitive tween Lacy (Zoe Ziegler) asks her mom Janet (Julianne Nicholson) if she'd be "disappointed" if she dated a girl when she's older. Janet, an acupuncturist and total hippie, admits she'd be neither disappointed nor shocked if that came to pass. The clarity of the observation about her daughter reveals that Janet sees a quality in Lacy that doesn't exist within herself, namely that "forthrightness," a lack of interest in tamping down any part of who she is. There is nothing subtle about this movie, but in a sparse script overflowing with bluntly obvious points about the horrors of sexism and misogyny, this line is the most apt thesis statement. What makes Coralie Fargeat's astounding, seismic body horror so unique is that the external forces – men, the patriarchy writ large — are on the periphery. Instead, Fargeat is preoccupied with what those forces stir within Elisabeth (Demi Moore), a TV aerobics star resorting to the most desperate of measures to regain her youth, and Sue (Margaret Qualley), the other, younger half she gruesomely expels from her body with the aid of "the substance." There's so much narrative possibility packed into this throwaway line, spoken by tennis star-turned-coach Tashi (Zendaya). She's a ruthless striver wedged in the middle of a homoerotic love triangle because she married Art (Mike Faist) after first having dated his best friend Patrick (Josh O'Connor). Does she love either of them as much, if not more, than she loves the thrill of a little green ball connecting with a swinging racket in a game of "good tennis"? Doubtful. But she's dedicated her life to making sure Art does what she wasn't able to accomplish on her own after a career-ending injury, and she'll be damned if she'll let Patrick humiliate him on the court. Look, I never said this was a list of the best movies of 2024. M. Night Shyamalan's nepo-baby project starring Josh Hartnett as a hot and doting dad who's also a serial killer is truly one of the dumbest, most nonsensical things to come out of Hollywood in recent memory. But it's fun as hell, and the commitment to such a ridiculous premise is weirdly audacious: The F.B.I., led by a serial killer "profiler" played by Haley Mills, has trapped thousands of people at a pop star's concert to catch a guy who could be literally anyone. (That pop star is played by Shyamalan's daughter Saleka.) What does this killer look like? Who knows! Except if you've seen this movie and made it through to the end, you eventually realize that everyone hunting this guy down should've absolutely known. It makes no sense. The plot holes are abundant. This is cinema. Copyright 2024 NPR. To see more, visit npr.org .
Hyderabad: The Kalapather police arrested a couple who had stolen valuables and cash from a house at Ramanathapura under Kalapather police station limits. The arrested persons are identified as Zakiya Sultana, 46 years old and Mohd Abdul Saleem, 47 years old, both residents of Mailardevpally. ACP Falaknuma, Mohd Jaweed said on December 14, Sultana and Saleem came to Kalapather and observed the gate of a house open. Sultana went outside the house and on noticing no one was around in the building went inside, Saleem, went away and stood at a distance watching the movement of people. “Sultana went into a room in the house and opened the cupboard. She gave away gold ornaments that included bangles, necklace and gold chains and escaped,” said ACP Jaweed. The theft came to light later and the family lodged a complaint with Kalapather police. The crime team under the supervision of Kalapather Inspector Mohd Asif collected footage of the closed circuit and after examination identified the woman. The police arrested Sultana and Saleem. The property was recovered from them. They are previously involved in eight cases in Bhavaninagar, Madannapet, Santoshnagar and Kamatipura police station limits.NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing . But it wasn't just Apple, Nvidia and the like. Bitcoin , gold and other investments also drove higher. Here's a look at some of the numbers that defined the year. All are as of Dec. 20. Remember when President Bill Clinton got impeached or when baseball's Mark McGwire hit his 70th home run against the Montreal Expos? That was the last time the U.S. stock market closed out a second straight year with a leap of at least 20%, something the S&P 500 is on track to do again this year. The index has climbed 24.3% so far this year, not including dividends, following last year's spurt of 24.2%. The number of all-time highs the S&P 500 has set so far this year. The first came early, on Jan. 19, when the index capped a two-year comeback from the swoon caused by high inflation and worries that high interest rates instituted by the Federal Reserve to combat it would create a recession. But the index was methodical through the rest of the year, setting a record in every month outside of April and August, according to S&P Dow Jones Indices. The latest came on Dec. 6. The number of times the Federal Reserve has cut its main interest rate this year from a two-decade high, offering some relief to the economy. Expectations for those cuts, along with hopes for more in 2025, were a big reason the U.S. stock market has been so successful this year. The 1 percentage point of cuts, though, is still short of the 1.5 percentage points that many traders were forecasting for 2024 at the start of the year. The Fed disappointed investors in December when it said it may cut rates just two more times in 2025, fewer than it had earlier expected. That’s how many points the Dow Jones Industrial Average rose by the day after Election Day, as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world . The more widely followed S&P 500 soared 2.5% for its best day in nearly two years. Aside from bitcoin, stocks of banks and smaller winners were also perceived to be big winners. The bump has since diminished amid worries that Trump’s policies could also send inflation higher. The level that bitcoin topped to set a record above $108,000 this past month. It's been climbing as interest rates come down, and it got a particularly big boost following Trump's election. He's turned around and become a fan of crypto, and he's named a former regulator who’s seen as friendly to digital currencies as the next chair of the Securities and Exchange Commission, replacing someone who critics said was overly aggressive in his oversight. Bitcoin was below $17,000 just two years ago following the collapse of crypto exchange FTX. Gold's rise for the year, as it also hit records and had as strong a run as U.S. stocks. Wars around the world have helped drive demand for investments seen as safe, such as gold. It's also benefited from the Fed's cut to interest rates. When bonds are paying less in interest, they pull away fewer potential buyers from gold, which pays investors nothing. It's a favorite number of Elon Musk, and it's also a threshold that Tesla's stock price passed in December as it set a record. The number has a long history among marijuana devotees, and Musk famously said in 2018 that he had secured funding to take Tesla private at $420 per share . Tesla soared this year, up from less than $250 at the start, in part because of expectations that Musk's close relationship with Trump could benefit the company. That's how much revenue Nvidia made in the nine months through Oct. 27, showing how the artificial-intelligence frenzy is creating mountains of cash. Nvidia's chips are driving much of the move into AI, and its revenue through the last nine months catapulted from less than $39 billion the year before. Such growth has boosted Nvidia's worth to more than $3 trillion in total. GameStop’s gain on May 13 after Keith Gill, better known as “Roaring Kitty,” appeared online for the first time in three years to support the video game retailer’s stock, which he helped rocket to unimaginable heights during the “ meme stock craze ” in 2021. Several other meme stocks also jumped following his post in May on the social platform X, including AMC Entertainment. Gill later disclosed a sizeable stake in the online pet products retailer Chewy, but he sold all of his holdings by late October . That's how much the U.S. economy grew, at annualized seasonally adjusted rates, in each of the three first quarters of this year. Such growth blew past what many pessimists were expecting when inflation was topping 9% in the summer of 2022. The fear was that the medicine prescribed by the Fed to beat high inflation — high interest rates — would create a recession. Households at the lower end of the income spectrum in particular are feeling pain now, as they contend with still-high prices. But the overall economy has remained remarkably resilient. This is the vacancy rate for U.S. office buildings — an all-time high — through the first three quarters of 2024, according to data from Moody's. The fact the rate held steady for most of the year was something of a win for office building owners, given that it had marched up steadily from 16.8% in the fourth quarter of 2019. Demand for office space weakened as the pandemic led to the popularization of remote work. That's the total number of previously occupied homes sold nationally through the first 11 months of 2024. Sales would have to surge 20% year-over-year in December for 2024's home sales to match the 4.09 million existing homes sold in 2023, a nearly 30-year low. The U.S. housing market has been in a sales slump dating back to 2022, when mortgage rates began to climb from pandemic-era lows. A shortage of homes for sale and elevated mortgage rates have discouraged many would-be homebuyers.
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