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Environment Canada Publishes Notice of Intent to Regulate HFCs

Environment Canada announced that it is moving forward with regulatory measures to limit the growth of hydrofluorocarbons (HFCs). It has published a Notice of Intent to Regulate Hydrofluorocarbons in the Canada Gazette outlining the scope of the proposed measures for HFCs, which are considered potent greenhouse gases.




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How Karza Technologies makes due diligence and onboarding simpler for banks & NBFCs

One of the key pillars of growth for the Indian economy are small and medium-sized businesses, which generate roughly 30 percent of the countrys GDP and provide jobs to over 110 million people.




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EPA Issues Final Rule on Managing HFCs

The U.S. Environmental Protection Agency (EPA) recently announced a final rule that focuses on reducing HFC leaks and maximizing refrigerant reclamation.




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Tax-News.com: BVI Says New Global Tax Rules Should Appreciate Offshore IFCs

The British Virgin Islands Government has released a statement expressing concerns on the proposals being discussed by the OECD to establish modernized rules for the digitalized economy, including a minimum global corporate tax rate.




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‘22,000 firms not registered as NBFCs committing financial frauds’

Sachin Pilot asks Reserve Bank of India to act fast




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RBI asks NBFCs to maintain at least 25% borrowings from capital market

Move will lead to lower reliance on bank borrowing



  • Money & Banking

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NBFCs’ credit woes

Their risk management systems must improve




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Govt, RBI done all that they could for NBFCs: SBI chief Rajnish Kumar

There is nothing further the government can do, Kumar said, adding that there is liquidity, partial credit enhancement and interest rates have moderated. Asked about the progress made in the resolution of stressed NBFC Dewan Housing Finance (DHFL), Kumar said: “That you should ask the company.”




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Covid crisis: RBI Governor Shaktikanta Das meets NBFCs and MFs sector; reviews liquidity situation

Sectoral meetings, held separately in two sessions through video conference, were also attended by Deputy Governors and other senior officers of RBI, the central bank said in a statement.




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CM Mahmood Khan orders timely completion of CFCs under digital access initiative

PESHAWAR: Chief Minister Mahmood Khan has asked officials to ensure timely completion of Citizens Facilitation Centres projects in the provincial capital launched under the Digital Access Initiative of the provincial government.He also directed the high-ups of Khyber Pakhtunkhwa Information...




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KP CM Mahmood Khan orders timely completion of CFCs under digital access initiative

PESHAWAR: Chief Minister Mahmood Khan has asked officials to ensure timely completion of Citizens Facilitation Centres projects in the provincial capital launched under the Digital Access Initiative...

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OECD/UNEP Webinar: Recent developments in alternatives to long chain per- and polyfluorinated chemicals (PFCs)

The webinar will specifically be looking at recent developments in alternatives to long chain PFCs. Per- and polyfluorinated chemicals (PFCs) have been in use since the 1950s as ingredients or intermediates of surfactants and surface protectors for assorted industrial and consumer applications.




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Atlantic Post-Tropical Cyclone PABLO ICAO Advisory Number 12 NWS NATIONAL Hurricane CENTER MIAMI FL AL182019 1500 UTC MON OCT 28 2019 TC ADVISORY DTG: 20191028/1500Z TCAC: KNHC TC: PABLO NR: 012 PSN: N4648 W01742 MOV: N 04KT C: 0995HPA MAX WIND: 035KT FCS

 
 000
 FKNT23 KNHC 281439
 TCANT3
  
 POST-TROPICAL CYCLONE PABLO ICAO ADVISORY NUMBER  12
 NWS NATIONAL HURRICANE CENTER MIAMI FL       AL182019
 1500 UTC MON OCT 28 2019
  
 TC ADVISORY
 DTG:                      20191028/1500Z
 TCAC:                     KNHC
 TC:                       PABLO
 NR:                       012
 PSN:                      N4648 W01742
 MOV:                      N 04KT
 C:                        0995HPA
 MAX WIND:                 035KT
 FCST PSN +6 HR:           28/2100Z N4712 W01750
 FCST MAX WIND +6 HR:      035KT
 FCST PSN +12 HR:          29/0300Z N4740 W01800
 FCST MAX WIND +12 HR:     035KT
 FCST PSN +18 HR:          29/0900Z N4813 W01811
 FCST MAX WIND +18 HR:     035KT
 FCST PSN +24 HR:          29/1500Z N//// W/////
 FCST MAX WIND +24 HR:     ///KT
 RMK:                      THE FORECAST POSITION INFORMATION IN
                           THIS PRODUCT IS INTERPOLATED FROM
                           OFFICIAL FORECAST DATA VALID AT 0000...
                           0600...1200...AND 1800Z.
 NXT MSG:                  NO MSG EXP
  
 $$
 




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Atlantic Post-Tropical Cyclone OLGA ICAO Advisory Number 3 NWS NATIONAL Hurricane CENTER MIAMI FL AL172019 0300 UTC SAT OCT 26 2019 TC ADVISORY DTG: 20191026/0300Z TCAC: KNHC TC: OLGA NR: 003 PSN: N2748 W09212 MOV: NE 15KT C: 0999HPA MAX WIND: 045KT FCST

 
 000
 FKNT22 KNHC 260251
 TCANT2
  
 POST-TROPICAL CYCLONE OLGA ICAO ADVISORY NUMBER   3
 NWS NATIONAL HURRICANE CENTER MIAMI FL       AL172019
 0300 UTC SAT OCT 26 2019
  
 TC ADVISORY
 DTG:                      20191026/0300Z
 TCAC:                     KNHC
 TC:                       OLGA
 NR:                       003
 PSN:                      N2748 W09212
 MOV:                      NE 15KT
 C:                        0999HPA
 MAX WIND:                 045KT
 FCST PSN +6 HR:           26/0900Z N3027 W09100
 FCST MAX WIND +6 HR:      040KT
 FCST PSN +12 HR:          26/1500Z N3321 W08955
 FCST MAX WIND +12 HR:     035KT
 FCST PSN +18 HR:          26/2100Z N3627 W08858
 FCST MAX WIND +18 HR:     030KT
 FCST PSN +24 HR:          27/0300Z N3922 W08715
 FCST MAX WIND +24 HR:     030KT
 RMK:                      THE FORECAST POSITION INFORMATION IN
                           THIS PRODUCT IS INTERPOLATED FROM
                           OFFICIAL FORECAST DATA VALID AT 0000...
                           0600...1200...AND 1800Z.
 NXT MSG:                  NO MSG EXP
  
 $$
 




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HFCS sales down but sweetener sales remain stable

Fewer manufacturers are using high fructose corn syrup in their products, but they aren’t making them less sweet.




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Another thought on the HFCS name change

Environmental cartoonist Jay Mohr gives his interpretation of the request to change the name of high fructose corn syrup to corn sugar




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Insurance one of our favourite picks, avoid NBFCs: Manishi Raychaudhuri

Insurance one of our favourite picks, avoid NBFCs: Manishi Raychaudhuri





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COVID-19: Offline retailers urge FM, NBFCs to allow delays in EMI payments

The industry body represents 1.50 lakh mobile retailers who may be unable to pay their monthly instalments and interest towards credit cards, vehicle loan, home loan and business loans taken by them. A similar letter highlighting the concerns of the mobile retailers was also sent to non-banking finance companies (NBFCs).




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This Song: Tomar and the FCs

Singer T0mar Williams from the Austin soul band Tomar and the FC's talk about how singing Michael Jackson's "Ben"as a kid started him on a lifelong musical path. The the FC's drummer Paul Kresowik explains how Al Jackson Jr's drumming on Sam and Dave's "Soul Man," helped him understand what soul drumming was all about.




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BFCs




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A Global Response to HFCs through Fair and Effective Ozone and Climate Policies

11 July 2014

Rising HFC use poses a significant threat to intergovernmental efforts to combat climate change. At present, there is a glaring regulatory gap in this area. Although challenging, there is no reason why the international community cannot come together to address this new problem of coordination and ensure that legal regimes support each other.

Duncan Brack

Associate Fellow, Energy, Environment and Resources Programme

Stephen O. Andersen

Director of Research, the Institute for Governance & Sustainable Development (IGSD)

Joanna Depledge

Affiliated Lecturer, Department of Politics and International Studies, University of Cambridge

20140710GlacierHFCClimate.jpg

In this aerial image, icebergs are seen as a glacier is flown into the sea on July 30, 2012 near Qaanaaq, Greenland. Photo by The Asahi Shimbun via Getty Images.

Hydrofluorocarbons (HFCs) are replacements for many of the chlorofluorocarbons (CFCs) and hydrochlorofluorocarbons (HCFCs) currently being phased out under the Montreal Protocol on Substances that Deplete the Ozone Layer. Unlike those ozone-depleting substances (ODS), HFCs do not destroy the ozone layer, but they are very powerful greenhouse gases (GHGs) – up to thousands of times more damaging to the climate than carbon dioxide – and their use is currently growing faster than any other category of GHGs. Projections show HFC use increasing as much as 30-fold by 2050, adding up to 0.1°C of global average temperature rise by mid-century, and increasing up to five-fold, to 0.5°C, by 2100. This clearly makes it more difficult to limit the rise in global temperature to the internationally agreed ceiling of 2°C – and thereby avoid dangerous climate change – by the end of the 21st century.

As GHGs, HFCs fall under the purview of the 1992 United Nations Framework Convention on Climate Change (UNFCCC) and are explicitly listed under the UNFCCC’s 1997 Kyoto Protocol, which controls emissions of HFCs and other GHGs. They are not, however, subject to any specific measures under the climate agreements, and this is unlikely to change in the near future. Accordingly, the last five years have seen proposals to amend the Montreal Protocol to phase down the production and consumption of HFCs.

Such a step would have a number of advantages. Since substitutes already exist for almost all uses of HFCs, the consumption and production phase-out model of the Montreal Protocol is better suited to controlling HFCs than the emissions limits controls of the climate regime; and the individuals and organizations involved in implementing the Montreal Protocol have accumulated substantial experience and expertise in dealing with precisely those industrial sectors in which HFCs are used, including refrigeration and air-conditioning, foams, solvents and aerosols.

This paper, which draws on the discussions at a workshop held at Chatham House in April 2014, outlines the main issues around the question of how best to craft a fair and effective global response to the growth in HFC use. A number of key issues are central to the debate: the principle of equity between developed and developing countries; the availability of alternatives to HFCs; the need for financial support for developing countries; the legal relationship between the climate and ozone regimes; and, underlying all these, the need for political will to resolve these challenges.




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FCS hopes to tackle large FBS schedule

(Stats Perform) - The upset wins tend to be few and far between, but for FCS programs, an FBS game is perhaps the most anticipated of the season.




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While off the field, FCS programs connect with the famous

Only to follow it up by getting advice from Jimmy Garoppolo, the San Francisco 49ers' starting quarterback in last season's Super Bowl. Eastern Illinois coaches and players have enjoyed those opportunities recently, while also getting the chance to connect with a plethora of other famous alumni from its football program. Similar experiences are occurring across FCS college football.




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Three additional private wells in Blades area return test results exceeding EPA’s health advisory level for PFCs

DNREC and the Division of Public Health announced today that three private wells tested Feb. 19 in the Blades area by the US Environmental Protection Agency had returned results exceeding the EPA’s national health advisory level for perfluorinated compounds (PFCs). DNREC and EPA immediately notified the property owners of the test results and provided home carbon filtration systems for their water supply.



  • Department of Natural Resources and Environmental Control
  • Division of Public Health
  • Division of Waste and Hazardous Substances
  • blades
  • clean water
  • EPA
  • health and safety

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RBI extends recast benefit on commercial real estate loans to NBFCs

According to sector experts, NBFCs' outstanding credit to the commercial real estate stood at Rs 1.29 lakh crore as on September 30, 2019.




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Covid lockdown effect: Banks, NBFCs urge RBI to extend moratorium by another three months

With the countrywide lockdown set to continue for two more weeks, banks have urged the Reserve Bank of India (RBI) to extend the three-month moratorium on loans by another three months beyond May 31.




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Moody’s takes rating action on three NBFCs

The data from Bloomberg show that total borrowings (short term and long term) of Muthoot Finance were Rs 29,346.4 crore as of FY19.




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Yes Bank moratorium to hurt smaller private banks, NBFCs: Moody’s

In 2017-18, the RBI permitted several PSBs under the prompt corrective action (PCA) framework to buy back AT-1 securities and lower the risk of a trigger event occurring under Basel-III rules.




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We have adequate liquidity in all four of our NBFCs: Thomas John Muthoot, CMD, Muthoot Pappachan Group

There will be very limited impact on affordable housing loans, most of which are backed by cash flow, and given mostly to the salaried class who have a steady income.




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SBI to provide Rs 50-200 crore to NBFCs for up to 5 years

NBFCs face a double whammy because they are offering moratorium to customers despite not getting one themselves from their lender banks, as per Crisil.




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TARP or bad bank needed to help NBFCs, MFIs: Experts

Ananth Narayan, professor-finance at SPJIMR, believes that while TLTRO 2.0 is welcome, it does not address the core issue.




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RBI measures for NBFCs unlikely to boost credit flow to broader economy: Moody’s

The RBI announced the liquidity facility under the TLTRO 2.0 window for NBFCs and MFIs after these institutions failed to get funding under the earlier TLTRO scheme announced late in March.




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NBFCs, MFIs to see Rs 50-60k cr funding gap on lack of moratorium: Report

With the first targeted long-term repo operations (TLTRO) 2.0 failing fresh funding or refinancing to the sector from this route is unlikely to exceed Rs 10,000 crore unless there is a significant change in the banks' response in the second tranche, it said.




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Bank of India provides moratorium to NBFCs

According to sources, the RBI has conveyed to banks that there is no restriction for them to provide moratorium to NBFCs.




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NBFCs tapping NCD market to raise funds amid Covid crisis

The three year NCD issue of Indiabulls Housing Finance opened on April 29. Although, the base issue size was Rs 100 crore, but it had a greeshoe option of Rs 900 crore.




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Moratorium: Banks may give NBFCs a break

Banks could review extending the moratorium to non-banking financial companies (NBFCs) after a meeting with the Reserve Bank of India (RBI) on Saturday.




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COVID-19: NBFCs ask RBI for one-time restructuring of all loans till March 2021

RBI, on April 17, announced to provide special refinance facilities for a total amount of Rs 50,000 crore to NABARD, SIDBI and National Housing Bank (NHB) to enable them to meet sectoral credit needs.




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SBI offers 3-month repayment holiday for NBFCs

State Bank of India (SBI) has decided to give select Non-Banking Financial Companies (NBFC) a three-month repayment holiday, persons familiar with the development said.




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FM Nirmala Sitharaman to meet PSB chiefs on Monday; to review credit flow, support to NBFCs

The meeting, to be held via video conference, will also dwell on credit disbursement since March, with the focus on Covid-19-related credit sanction and offtake.




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RBI cancels Certificate of Registration of 10 NBFCs

Reserve Bank of India cancels Certificate of Registration of 10 NBFCs




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RBI tightens rules for lending against shares by NBFCs

Reserve Bank of India tightens rules for lending against shares by NBFCs




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Waterproof, non-stick and deadly: PFCs in outdoor gear are contaminating nature

Greenpeace urges outdoor lovers to reject the chemicals used in popular weather-resistant fabrics.




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Avoid PFCs with eco-friendly outdoor gear and DIY techniques

While these chemicals continue to be the norm in the camping and mountaineering industries, there are some good alternatives.




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Nobody is taking away your air conditioner; there are lots of alternatives to HFCs

Only in America are they hard to find. How does that happen?




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Two pilots are awarded DFCS after flying 'Spooky' Hercules gunship for NINE hours to hold back ISIS

The aircrew of the AC-130U gunship 'Spooky 41' with Hurlburt Field's 4th Special Operations Squadron from Florida were honored at the military facility in Fort Walton Beach on Monday.




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Best of BS Opinion: Trouble for NBFCs, Covid-19 outbreak, and more

Here's a selection of Business Standard Opinion pieces for the day




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What the boom in NBFCs tells us

Forget stalling bank credit and NPAs, look at booming consumer credit




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RBI Governor Meets NBFCs and MFs Sector, Reviews Liquidity Situation

Sectoral meetings, held separately in two sessions through video conference, were also attended by Deputy Governors and other senior officers of RBI.




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NBFCs Ask RBI for One-time Restructuring of All Loans Till Mar 2021

Non-banking financial companies (NBFCs) have asked the Reserve Bank of India to allow them one-time restructuring of all loans till March 2021, as their borrowers are facing funding issues amid the coronavirus pandemic and the subsequent lockdown.




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Huge provisioning at NBFCs likely for Jan-Feb bad loans

Auditors and company executives told that higher provisioning may be necessary as the pandemic-induced sharp dip would have increased difficulties for these businesses already hit by the ongoing slowdown. In many cases, auditors have asked companies to provide up to 50%.