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tickertapein · 4 years ago

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Evaluating Lemon Tree Hotels: business, financials, and recent developments

The impact of the coronavirus pandemic and the nation-wide lockdown on the hospitality sector has been and continues to be significant. Even as the curbs were lifted, lack of transport facilities and fear from getting infected with COVID-19 discouraged business and leisure travels. This dampened the demand for hotel rooms, which came as a severe blow to the hotel industry. At such a time, Lemon Tree Hotels managed to report a positive EBITDA in its Q1 FY2021 results, thanks to its timely, smart actions.

In this article, let’s look at Lemon Tree Hotels Ltd’s history, business model, profile, and financials.

About Lemon Tree

Headquartered at New Delhi, Lemon Tree Hotels is a well-known name in India’s hospitality sector. It has presence across the country and operates in upscale, midscale, and economy segments of the hotel business. Recently, Lemon Tree Hotels also expanded its business overseas. As of Jun 2017, Lemon Tree Hotels was India’s largest hotel chain in the mid-range hotel sector and the 3rd largest based on the controlling interest in owned and leased rooms.

History of Lemon Tree Hotels Limited

Incorporated as “P.M.G Hotels Private Limited” on 2nd Jun 1992 as a private limited company under the Companies Act 1956

Changed its name to “Krizm Hotels Private Limited” and got a new certificate of incorporation on 13th Dec 2002

Opened the first ‘Lemon Tree Hotel’ in Gurugram with 49 rooms in May 2004

Received investment from Maplewood Investment Ltd in 2006 and Citron Limited in 2008

Opened its first ‘Red Fox’ hotel under economy segment in Jaipur in 2009 Changed its name to “Lemon Tree Hotels Private Limited” on 2nd Jun 2010

Opened its first ‘Lemon Tree Premier’ hotel under upper midscale segment in Gurugram in 2010

Converted Lemon Tree Hotels into a public limited company on 29th Sep 2012 and changed its name to ‘Lemon Tree Hotels Limited’ in the same year

Issued an IPO of Rs 1,038.68 cr in 2018

Received final pre-construction approval for its subsidiary ‘Iora Hotels Private Limited’ (‘IORA’) in June 2018

Ventured overseas in Dec 2019 by launching a hotel in Dubai

Launched a hotel in Bhutan in Feb 2020

Currently, Lemon Tree Hotels operates ~8,100 rooms in 81 hotels across 49 cities under all its brands combined. About 3 hotels and over 25 management hotels are in the pipeline. After these become operational, Lemon Tree Hotels will have ~10,800 rooms in 109 hotels across 69 cities in and outside India.

Highlights of Lemon Tree Hotels Ltd

Apart from its excellent hospitality services, Lemon Tree Hotels is also known for its environmental and people-related initiatives. It currently focuses on the efficient use and conservation of energy and water in its daily operations. The company’s sustainability initiatives also include using CNG instead of LPG and green building material in the construction of its structures. In the mid- to long-term, Lemon Tree Hotels looks to use recycled water for AC cooling tower, wind and agro power, solar photo voltaic system for lighting and geothermal energy.

Talking of people-related initiatives, Lemon Tree Hotels is an equal opportunity employer and actively hires people with disabilities — physical and intellectual. It is also known for its work culture and has won several awards and recognitions for the same. For 7 consecutive years (from 2011 to 2017), the hotel chain has made it to the list of the “Best Companies to Work for” in India by the Great Place to Work Institute. Here are a few of its achievements.

Board of directors and key managerial personnel of Lemon Tree Hotels Limited

Patanjali Govind Keswani: Chairman & Managing Director

Rattan Keswani: Deputy Managing Director

Aditya Madhav Keswani: Non-Executive Director

Ravi Kant Jaipuria: Non-Executive Director

Willem Albertus Hazeleger: Non-Executive Director

Pradeep Mathur: Independent Director

Arindam Kumar Bhattacharya: Independent Director

Freyan Jamshed Desai: Independent Director

Paramartha Saikia: Independent Director

Arvind Singhania: Independent Director

Ashish Kumar Guha: Independent Director

Davander Tomar: Executive Vice-President, Corporate Affairs

Vikramjit Singh: President

Jagdish Kumar Chawla: Executive Vice President — Projects & Engineering Services

Kapil Sharma: Chief Finance Officer

Anshu Sarin: Chief Executive Officer, Keys Hotels

Sumant Jaidka: Senior Vice President — Operations

Mahesh S. Aiyer: Senior Vice President — Operations

Harleen Mehta: Senior Vice President — Sales

Business model of Lemon Tree Hotels

The hotel chain earns revenue via 3 avenues:

Owns hotels: Lemon Tree owns hotels and offers them to customers

Leases hotels: the hotel chain takes hotels on lease and earns by renting them to customers

Manages hotels: ties up with the management of other hotels and earns on a commission basis)

Business segments of Lemon Tree Hotels Limited

The company operates in the following segments:

Upscale

Mid-priced — upper-midscale, midscale, and economy

Brands of Lemon Tree Hotels Ltd

Lemon Tree Hotels operates under the following brands to serve customers belonging to its various business segments and meet their evolving behaviour:

Aurika Hotels & Resorts — Upscale

Lemon Tree Premier — Upper Midscale

Keys Prima — Upper Midscale

Keys Select — Midscale

Lemon Tree Hotels — Midscale

Keys Lite — Economy

Red Fox Hotels — Economy

In FY2020, Lemon Tree Hotels acquired 100% stake in Berggruen Hotels Private Limited via its subsidiary Fleur Hotels Private Limited. This makes Berggruen Hotels a direct subsidiary of Fleur Hotels Private Limited and an indirect subsidiary of Lemon Tree Hotels Limited.

Peers of Lemon Tree Hotels Ltd

Indian Hotels Company Ltd, EIH Ltd, and Chalet Hotels Ltd are some of the peers of Lemon Tree Hotels Ltd. Following is an image that compares the valuation metrics of these stocks.

To assess how Lemon Tree share compares with its peers based on technical and forecast metrics, go to ‘Peers’ tab of the stock page on Tickertape.

Lemon Tree share price

Here’s a chart comparing Lemon Tree share price movements with that of Indian Hotels and EIH Ltd from 16th Oct 2019 to 12th Oct 2020. You can also compare the stock with others.

Financials of Lemon Tree Hotels Ltd

Last 4 yrs’ income statement of Lemon Tree Hotels Ltd

While Lemon Tree Hotel’s revenue and EBITDA have risen consistently from FY2017 to FY2020, its net income saw a sharp decline in FY2020. This can be attributed to tepid demand due to the pandemic. Further, the increase in the company’s revenue is mostly due to its cost cutting-initiatives.

Over the last 5 yrs, Lemon Tree Hotels has generated a higher revenue compared to the industrial average. If you wish to do an in-depth analysis of Lemon Tree’s financials, you can do so by using the quarterly financials feature of Tickertape. Here’s how you can access the feature.

Last 4 yrs’ balance sheet of Lemon Tree Hotels Limited

Though Lemon Tree Hotel’s current ratio rose for the first 3 yrs in consideration, it dropped in FY2020 — due to the pandemic. The numbers also suggest that the company doesn’t have liquid assets in proportion with its current liabilities. Nonetheless, Lemon Tree Hotels current ratio has been higher than the industry average over the last 5 yrs, which is noteworthy.

Talking about the debt-to-equity ratio, the figure has seen a consistent rise over the 4 yrs under review. It also suggests that the company’s operations are significantly funded by debt. In fact, the company’s debt-to-equity ratio has been higher than the industry average over the last 5 yrs.

Cashflow statement of Lemon Tree Hotels Ltd

On Tickertape, you can access 9 yrs’ financial statements for every stock listed on NSE. Visit Lemon Tree Hotels stock page to view the information for all the 9 yrs.

Lemon Tree Hotels Ltd’s Q1 FY2021 results

Due to lack of business owing to the pandemic, Lemon Tree Hotels put in place a two-pronged strategy: to earn revenue from all possible segments amid the testing situation and redefine its cost fixed and variable structure. That is why the company implemented various cost-cutting measures — these include voluntary pay cuts and strict control in power and fuel cost — so expenses could shrink to match the level of revenue.

Although demand for Lemon Tree’s hotel rooms wasn’t at pre-COVID levels during Q1, the company saw it coming from Indians opting for institutional quarantine under the Vande Bharat Mission, global IT majors, and frontline workers. With 71% of inventory operational, a mere average occupancy of 28.9%, and average room rates down by 34.4%, the hotel chain’s revenue for Q1 FY2021 declined by 71.1% y-o-y. The hotel chain’s total operating expenses and EBITDA were also down by 62.2% and 83.8%, respectively.

Average Daily Rate (ADR) declined by 34.4% y-o-y compared to 60% of the industry. ADR is the average tariff per room per day, which is set based on the demand and supply in the sector. A decline in ADR also brings down the revenue

The occupancy rate fell by 48.6% during the quarter under review. The industry occupancy fell to 15%

The fees earned from managed hotels was Rs 0.5 cr, 1.1% of operations revenue

Total expenses came down by 62.2% y-o-y

According to the management, Lemon Tree Hotels has sufficient cash to pay the total expenses including debt for the following 4 quarters. Thanks to Unlock 3.0, the hotel chain had 85.5% of its owned/leased inventory operational in Jun. Although the company has seen a negligible rise in demand, the Lemon Tree Hotels hopes that the hospitality industry would start recovering from the second half of the FY2021.

Recent developments

Recently, Lemon Tree Hotels Limited launched two new properties in India.

Resort Lazy Lagoon at Baga, Goa

Hotel in Dwarka, Gujarat

As mentioned, the company has 3 own hotels and over 25 management hotels in the pipeline.

Prospects of Lemon Tree Hotels Limited

The pandemic and the resultant lockdown has had an enormous impact on Lemon Tree Hotels and the same would continue until business picks up. For now and some time to come, the hotel chain faces the structural loss of demand.

Finally, we suggest you conduct your own research before making an investment decision. Read the entire coverage of Lemon Tree Hotels Ltd here.

#Lemon Tree Hotels #Lemon Tree Hotels Ltd #Stock Stories

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liveindiatimes · 4 years ago

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Goa 12th Result 2020 Live Updates: GBSHSE HSSC Result to be declared soon at gbshse.net - education

https://liveindiatimes.com/goa-12th-result-2020-live-updates-gbshse-hssc-result-to-be-declared-soon-at-gbshse-net-education-2/

Goa 12th Result 2020 Live Updates: Goa Board of Secondary and Higher Secondary Education (GBSHSE) will announce the Goa Board class 12th or HSSC examination results 2020 on June 26, 2020, at 5pm on its official website. Students of class 12th who have appeared in the Goa HSSC examination can check their result online at gbshse.net after it is declared. The Goa Board had conducted the HSSC or class 12 board examination in the month of March 2020 but examinations for a few subjects were postponed due to the nation-wide Covid-19 lockdown imposed by the central government. Later, the Board held the postponed examinations for HSSC in May 2020. Follow this liveblog to get latest updates on exam, result, direct link, how to check, pass percentage and topper list.

4:58 PM IST

Goa Board 12th Result 2020: When was the exam conducted

The Goa Board had conducted the HSSC or class 12 board examination in the month of March 2020 but examinations for a few subjects were postponed in view of coronavirus pandemic.

4: 56 PM IST

Goa Board 12th Result 2020: Checking results online is easy

Checking results online is very easy. One must ensure that they have a smartphone or a computer with an active internet connection to check their results. Students should also keep their admit cards handy before checking their results online. The roll number, date of birth and other details mentioned in the admit card have to be entered in the login page to check the scores.

4:48 PM IST

Goa Board 12th Result 2020: Where to check class 12th results?

Students of class 12th who have appeared in the Goa HSSC examination can check their result online at gbshse.net after it is declared.

4: 21 PM IST

Goa Board 12th Result 2020: How to check Goa Board HSSC results after it is declared:

1) Visit the official websites at gbshse.net

2) On the homepage, click on the Goa HSSC 2020 Result link available

3) Key in your credentials and log in

4) Goa class 12th result will appear on the display screen.

5) Take a print out of your result and take its print out for future use.

03:42 pm IST

Goa Board 12th Result 2020: List of websites to be available at GBSHSE site

The list of websites to locate candidates’ HSSC results will be available on gbshse.gov.in. The result booklet will be available on the official website of Goa Board of Secondary and Higher Secondary Education.

03:34 pm IST

Goa Board 12th result 2020 to be declared soon

Goa board will declare class 12th results 2020 today at 5 pm. The result sheets will be mailed to schools concerned on June 29, 2020. The marksheets will be available in the schools from July 7, 2020.

Source link

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newsbunddle · 4 years ago

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GBSHSE Goa Board HSSC Results 2020 may be released next week at gbshse.gov.in

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The Goa Board of Secondary and Higher Secondary Education (GBSHSE) may announce the Goa Board HSSC/Class 12 Result 2020 next week. The result will be announced at the official website – gbshse.gov.in.

The Goa Board 12th exam was held in February-March but examinations for two subjects were postponed due to the coronavirus COVID-19 pandemic. These exams were later held on May 20-22. A…

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#board #GBSHSE #gbshsegovin #Goa #Goa Board HSSC results #Goa Board HSSC Results 2020 date #Goa Board results 2020 #HSSC #released #Results #WEEK

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marugujaratonline · 4 years ago

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IOCL Recruitment 2020 @ www.iocl.com

Indian Oil Corporation Limited - IOCL has been published Latest Job For Assistant Officers in Finance Function Post. This is the Great Opportunity for candidates who want to make their future in IOCL. Candidates Should Be find more details in Given Below Post. For More Jobs, You Can Check MaruGujarat Latest Job Page. Organization Name IOCL (Indian Oil Corporation Limited) Recruitment About Assistant Officers in Finance Function Job Location India Applying Process Online Walk-in-Interview Last Date 30-06-2020 Post Date: 16-06-2020

Here You are Getting All the Information on Recruitment about Assistant Officers in Finance Function Post Details like Educational Qualification, Age Limitation, Payscale, Selection Process, and Also We are Cover How To Apply Step by Step guide in this post. Must Read This post Carefully and apply for this job of published by SDAU Recruitment Board 2020. Full Recruitment Details of Assistant Officers in Finance Function Post Name of the Post: Assistant Officers in Finance Function Educational Qualification: Graduate in any discipline with minimum 55% marks (relaxed to 50% for candidates belonging to SC/ST and PwBD categories) and have passed the CA Intermediate/ CMA Intermediate (or equivalent qualification from CA/CMAinstitute) Experience: At least three years of relevant experience in finance function as of 31st March 2020. Experience gained after passing of CA Intermediate /CMA Intermediate results shall only be considered. Relevant field includes experience in the field(s) of Finance/ Accounts/Taxation/ Cost Accounting/ Auditing etc. The articled training /practical training which is integrated into the curriculum of a respective institution shall not be considered as a valid experience for this purpose. Age Limit: Maximum 30 years as on 30th June 2020 for General and EconomicallyWeaker Sections (EWS) category candidates. Salary: Candidates selected as Assistant Officers (A0 grade) will receive a starting basic pay of Rs. 40,000/-per month. In addition, the selected candidates will receive Dearness Allowance (DA) and other allowances, according to the rules of the Corporation in force, and as amended from time to time. Selection Process: On the basis of percentage of marks of CA Intermediate /CMA Intermediate (or equivalent qualification from CA/CMA institute), the candidates will be shortlisted for further selection process comprising of Personal Interview (PI) and Group Discussion/Group Task (GD/GT) for assessment of different facets of knowledge, skill, attitude and aptitude. However, it may be noted that shortlisting for PI and GD/GT shall be solely based on the percentage marks scored in the chosen qualification – CA(Intermediate) or CMA (Intermediate) Final merit will be prepared based solely on performance in Personal Interview(PI) and Group Discussion/Group Task (GD/GT) taken together. How To Apply for Assistant Officers in Finance Function - IOCL: Interested candidates meeting the prescribed eligibility criteria shall have to apply online at www.iocl.com (Indian Oil for You > IndianOil for Careers > Latest Job Openings) The relevant link will be made available on IOCL web site www.iocl.com from 7th April 2020. Last Date Of Apply 30-06-2020 (Extended From 06-05-2020) ⇓ Important Links ⇓ View Advertisement Apply Online

IOCL Vacancy 2020 (Indian Oil Corporation Limited) has published the recruitment for the post of Accountant / Technician / Apprentice. The desirous candidate is requested to take all the information before applying in this government employment and only then apply according to his eligibility Do it Indian Oil Corporation Vacancy 2020 recruitment detail complete Indian Oil Corporation job 2020 vacancy. Organization Name IOCL (Indian Oil Corporation Limited) Recruitment About Accountant/Technician/Trade Apprentices Total No of Post 600 Qualification 12th Pass / ITI Job Location India Job Type Full Time Applying Process Online Walk-in-Interview Last Date 21-06-2020 Post Date: 26-05-2020

Name of The Post: Accountant Technician Trade Apprentices Total: 600 IOCL Recruitment Vacancy by Location: Gujarat: 134 Maharashtra: 358 Chhattisgarh: 17 Dadara Nagar Haveli: 04 Goa: 11 Madhya Pradesh: 76 Education Qualification 12th / ITI / or its equivalent degree is also approved, see published notifications to get more information. Age Limit The age of the candidate should be 18 - 24 years old. Please see the published notification for age relaxation and other information. Selection Process In this Govt Job, according to the performance in written examination, the candidate will be selected in employment. Salary According to the notification, the salary will be as per rules in the published Govt Job. How To Apply for IOCL Jobs 2020 For this employment, you will have to apply online and fill all the useful information by going to the official website. Important Dates Starting Date of Submit Online Application is 22-05-2020 Last Date of Submit Online Application is 21-06-2020 Important Links View Advertisement Apply Online Read the full article

#IndianOilJob2020 #IOCLRecruitment2020 #IOCLVacancy2020

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vignaniasacademy · 4 years ago

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11th, 12th, 13th June 2020 Current affairs Vignan IAS

RBI has released draft Frameworks for ‘Sale of Loan Exposures’ and ‘Securitisation of Standard Assets’ About: These draft guidelines are applicable to all Scheduled Commercial Banks (excluding Regional Rural Banks); All India Financial Institutions (NABARD, NHB, EXIM Bank, and SIDBI); and, all Non-Banking Financial Companies (NBFCs) including Housing Finance Companies (HFCs). The guidelines attempt to align the regulatory framework with the Basel guidelines on securitisation that have come into force effective January 1, 2018. The revisions also take into account the recommendations of the Committee on Development of Housing Finance Securitisation Market in India (Chair: Dr. Harsh Vardhan) and the Task Force on the Development of Secondary Market for Corporate Loans (Chair: Shri T.N. Manoharan), which were set up by the RBI in May, 2019. Important Info : Salient features of draft guidelines: Only transactions that result in multiple tranches of securities being issued reflecting different credit risks will be treated as securitisation transactions.Two capital measurement approaches have been proposed: Securitisation External Ratings Based Approach (SEC-ERBA) and Securitisation Standardised Approach (SEC-SA).A special case of securitisation, called Simple, Transparent and Comparable (STC) securitisations, has been prescribed with clearly defined criteria and preferential capital treatment.The definition of securitisation has been modified to allow single asset securitisations. Securitisation of exposures purchased from other lenders has been allowed.Standard Assets would be allowed to be sold by lenders through assignment, novation or a loan participation contract . The Stressed Assets, however, would be allowed to be sold only through assignment or novation.Requirement of Minimum Retention Requirement (MRR) for sale of loans has been done away with. Source : The Hindu (Economy) Union Finance Minister Nirmala Sitharaman has said that the COVID Emergency Credit Facility covers all companies and not just Micro, small and medium enterprises (MSMEs) About: The Emergency Credit Line Guarantee Scheme (ECLGS) is the biggest fiscal component of the Rs 20-lakh crore Self-Reliant India Mission package announced by Finance Minister last month. Under the scheme, 100 per cent guarantee coverage will be provided by National Credit Guarantee Trustee Company (NCGTC) for additional funding of up to Rs 3 lakh crore to eligible companies and borrowers, in the form of a guaranteed emergency credit line (GECL) facility. For this purpose, a corpus of Rs 41,600 crore was provided by the government, spread over the current and next three financial years. The scheme will be applicable to all loans sanctioned under GECL facility during the period from the date of announcement of the scheme to October 31 or till an amount of Rs 3 lakh crore is sanctioned under GECL, whichever is earlier. The main objective of the scheme is to provide an incentive to member lending institutions to increase access and enable availability of additional funding facility to borrowers, in view of the economic distress caused by the COVID-19 crisis. Source : All India Radio (Economy) Delhi and the National Capital Region (NCR) have recorded at least 14 earthquakes of low or medium intensity since April, 2020 About: As per the 2002 map by the Bureau of Indian Standards (BIS), India is divided into four seismic zones – viz. Zone II, III, IV and V – based on seismicity, earthquakes occurred in the past and tectonic setup of the region. Delhi falls in Zone IV, which makes it vulnerable to earthquakes. Delhi does not lie on a plate boundary. It is located on a single plate, and the seismic activity is generated by internal deformities. Important Info : Seismic Zones: Zone II: This is seismically the least active region. It covers parts of India that are not included in Zone III, IV and V.Zone III: Comprises Kerala, Goa, Lakshadweep islands, remaining parts of Uttar Pradesh, Gujarat and West Bengal, Parts of Punjab, Rajasthan, Madhya Pradesh, Bihar, Jharkhand, Chhattisgarh, Maharashtra, Orissa, Andhra Pradesh, Tamil Nadu and Karnataka.Zone IV: It covers parts of Jammu and Kashmir and Himachal Pradesh, National Capital Territory (NCT) of Delhi, Sikkim, Northern parts of Uttar Pradesh, Bihar and West Bengal, parts of Gujarat and small portions of Maharashtra near the west coast and Rajasthan.Zone V: This is seismically the most active region. Parts of the Himalayan boundary in North and Northeast India fall in this zone. Kutch area in the West also falls here. Remaining parts of Jammu and Kashmir, Himachal Pradesh, Uttranchal, part of North Bihar and Andaman and the Nicobar Islands are included. Source : Indian Express (Disaster Management) A new study suggests that one of the ways of effective social distancing strategies to keep the Covid-19 curve flat include the idea of social bubbles About: A social bubble is a close-set of people i.e. like family, with whom we interact on a regular basis. During the current lockdown, a social bubble is limited to the members of a household with whom one interacts on a daily basis. However, as things normalise and conditions in general improve, this bubble can grow larger. It can then include close friends and relatives and neighbours. This in a later stage can expand further and include any person with whom we may need to get in contact with in our daily lives. The idea is that if people decide to expand their bubble gradually and make sure that they meet and contact only those who come inside their existing bubble, the risk of the spread of COVID-19 can be limited. It also reduces the psychological and financial harm of lockdowns. Research published by the London School of Economics and Political Science says that the concept of social bubbles proved effective for New Zealand since it allowed people who were isolated, vulnerable or struggling to receive the care and support they needed. Source : Indian Express (Health) A 3,000-years-old Mayan temple has been discovered in Mexico through laser mapping technique, making it the ancient civilisation's oldest and largest monument About: The temple site called Aquada Fenix, in Mexico, is 4,600 feet long and up to 50 feet high, making it larger than the Mayan pyramids and palaces of later periods. It was built between 800 BC and 1,000 BC. One of the most remarkable revelations from the find was the complete lack of stone sculptures related to rulers and elites, such as colossal heads and thrones, that are commonly seen in other Mayan temples. This suggests that the people who built it were more egalitarian than later generations of Mayans. Source : News18 (Geography) Gairsain in Chamoli district has been formally declared as the summer capital of Uttarakhand. A notification was issued after state governor gave her assent to the move About: The development came three months after Chief Minister Trivendra Singh Rawat Chief minister Trivendra Singh Rawat had announced making Gairsain the summer capital, besides Dehradun, during the budget session of the assembly on March 4. Now, with the announcement of Gairsain as the summer capital, there is a lack of clarity on the status of Dehradun. Important Info : Background: Gairsain is a town and Nagar Panchayat in Chamoli district, Uttarakhand. Gairsain is situated at the eastern edge of the Dudhatoli mountain range.Uttarakhand was carved out as a separate state from Uttar Pradesh in 2000.Statehood activists had long contended that Gairsain, a tehsil in Chamoli district, was best suited to be the capital of the mountainous state as it was a hilly region falling on the border of Kumaon and Garhwal regions. But it was Dehradun, located in the plains, that served as the temporary capital.The state Assembly is located in Dehradun, but sessions are held in Gairsain as well. Source : Indian Express (Polity & Governance) The Ramon Magsaysay awards have been cancelled this year due to the coronavirus pandemic, the only third time the annual awards were disrupted in six decades. The awards were also cancelled due to a financial crisis in 1970 and a disastrous earthquake that hit the Philippines in 1990 About: Ramon Magsaysay award is popularly known as Asia’s Nobel Prize. Criteria: It is given to individuals and organizations in Asia regardless of race, creed, sex, or nationality, who have achieved distinction in their respective fields. (There are some instances where the winners came from Non-Asian countries, but accomplished something in Asia). Name: It is named after Ramon Magsaysay, the third president (1953-57) of Philippines. Background: It was established in 1957 by New York based Rockefeller Brothers Fund (RBF), with the consent of Philippine government. The first Awards were given in 1958. Vinoba Bhave of India was one of the recipients. Awardees are presented with a certificate and a medal. Source : Times of India (Awards) Scientists from Raman Research Institute (RRI), an autonomous institute under the Department of Science &Technology have found out that spectrin, which are flexible rod-shaped molecules present in axons, act as ‘shock absorbers’ to protect axons from stretch-induced damage About: The study can help in understanding and treatment of concussion from head injuries as well as stretch-induced nerve injuries. Axons are long tubular extensions of nerve cells that transmit electrical signals across long distances and can be up to a meter long in the case of humans. At such lengths, they are subjected to large stretch deformations during limb or other bodily movements. Axons in the brain too undergo significant deformations, even during normal activities like jumping. Important Info : Axons vs Dendrite: An axon is one of two types of cytoplasmic protrusions from the cell body of a neuron; the other type is a dendrite.Axons are distinguished from dendrites by several features, includingshape (dendrites often taper while axons usually maintain a constant radius),length (dendrites are restricted to a small region around the cell body while axons can be much longer), andfunction (dendrites receive signals whereas axons transmit them). Source : DD News (Science & Technology) The Deep Submergence Rescue Vehicle (DSRV) Complex was inaugurated at Visakhapatnam About: The DSRV Complex is designed to accommodate the newly inducted Submarine Rescue System with state of the art facilities to store the DSRV assets in a Rescue-Ready state. The DSRV system consists of a Submarine Rescue Vessel, a Remote Operations Vehicle, Side Scan Sonar and associated equipment. It also has Diver Decompression Chambers and hyperbaric medical equipment to decompress submariners after being rescued from a sunken submarine. The DSRV system can be rapidly mobilised by air or road to facilitate submarine rescue operations even at distant locations. The Indian Navy has inducted two such systems which will provide rescue cover to submarines on the West and East coast of India respectively. Currently, there are about 40 nations that operate submarines in the world out of which only a few have any form of submarine rescue capability. Source : All India Radio (Defence & Security) The World Accreditation Day (WAD) 2020 was celebrated on 9th June under the theme “Accreditation: Improving Food Safety About: The World Accreditation Day (WAD) is celebrated on 9th June every year to highlight as well as promote the role of accreditation in trade & economy. The theme for WAD 2020 is “Accreditation: Improving Food Safety”, as decided by the International Accreditation Forum (IAF) and the International Laboratory Accreditation Cooperation (ILAC). National Accreditation Board for Certification Bodies (NABCB) and National Accreditation Board for Testing and Calibration Laboratories (NABL), the two accreditation boards of the Quality Council of India (QCI), organised a Webinar to commemorate the event. Important Info : Quality Council of India (QCI)? Quality Council of India (QCI) was set up in 1997 jointly by the Government of India and the Indian Industry represented by the three premier industry associations i.e. ASSOCHAM, CII and FICCI, to establish and operate national accreditation structure.The Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, is the nodal ministry for QCI. Source : Economic Times (Economy) World Day Against Child Labour (WDACL) is being observed on 12 June under the theme “COVID-19: Protect children from child labour, now more than ever”, focussing on the impact of coronavirus crisis on child labour About: Nodal agency: It is an International Labour Organization (ILO)-sanctioned holiday aiming to raise awareness and activism to prevent child labour. Date of observance: The Day is observed every year on June 12. Background: It was first launched in It was spurred by ratifications of ILO Convention No. 138 on the minimum age for employment and ILO Convention No. 182 on the worst forms of child labour. Important Info : Target 8.7 of the UN Sustainable Development Goals calls for an end to child labour in all its forms by 2025. Source : United Nations (Social Issues) The Quacquarelli Symonds (QS) World University Rankings 2021 were released About: The top 10 universities of the world comprised mainly the top-notch Ivy League colleges from the US, the UK and even one from Switzerland. While Massachusetts Institute of Technology (MIT) of the United States secured Rank 1, Stanford and Harvard universities secured the next two ranks in the list of the world’s best universities. UK's Oxford University took fifth place in the ranking. Indian scenario No Indian institute secured a position among the top 100 universities of the world. Like last year’s QS rankings, IIT Bombay, IISc Bengaluru, and IIT Delhi featured in the top 200 list, but all three saw a drop in their ranks this year. IIT Bombay dropped 20 spots -- from 152 to 172, IISC Bengaluru dropped just one spot from 184 to 185, and IIT Delhi dropped 11 spots from 182 to 193. The total number of Indian institutions in the top 1,000 global list has also fallen from 24 to 21. Important Info : Do you know? QS World University Rankings is published annually by Quacquarelli Symonds (QS), a British company specialising in the analysis of higher education institutions around the world.It measures the world’s top 1,000 universities on 6 factors:Academic reputation (40%)Employer reputation (10%)Faculty/Student Ratio (20%)Citations per faculty (20%)International Faculty Ratio (5%)International student ratio (5%) Source : The Hindu (Education) Indian Railways has created a new world benchmark by successfully running first Double-Stack Container Train in high-rise in Over Head Equipment (OHE) electrified territory on Western Railway About: The Operations successfully commenced on 10th June from Palanpur and Botad stations in Gujarat. With this remarkable development, Railways has become the first to run Double-Stack Container train with high reach pantograph in high rise Over Head Equipment territory, which has contact wire height of 7.57 metre This achievement is a first of its kind in the entire world and will also boost the ambitious mission of Green India. Source : All India Radio (Economy) Union Ministry of Environment has issued an advisory for import of exotic species. The move comes as the outbreak of COVID-19 has raised global concern about illegal wildlife trade and zoonotic diseases Key highlights of advisory: The advisory defines ‘Exotic Live Species’ as animal or plant species moved from their original range (location) to a new one. ‘Exotic live species’ shall be construed to mean only “the animals named under the Appendices I, II and III of the Convention of International Trade in Endangered Species (CITES) of Wild Fauna and Flora”. Species covered by the Wildlife (Protection) Act of 1972 cannot be traded. People importing “exotic live species” will have to make a voluntary disclosure. For new ‘Exotic Live Species’, the importer should obtain a no-objection certificate from the Chief Wildlife Warden (CWLW) of the State. For Existing Species, stocks “shall be declared by the owner/ holder to the Chief Wildlife Warden (CWLW) of the concerned State or UT”. Important Info : Comment: It will create a process where all imports will be screened. As of now, the imports are being made through the Director General of Foreign Trade and State Forest departments are not kept in the loop.Several exotic species of birds, reptiles, small mammals, fishes and even some plants are imported. Blue and gold macaws are popular exotic pets. Source : The Hindu (Environment) In the reporting on the Line of Actual Control (LAC) stand-off, the Darbuk-Shyok-Daulat Beg Oldie (DSDBO) road has often appeared. The Chinese build-up along the Galwan River valley region overlooks, and hence poses a direct threat to the DSDBO road About: Darbuk-Shyokh-Daulat Beg Oldie (DSDBO) is the 255-km long all-weather road built by India’s Border Roads Organisation (BRO) in eastern Ladakh. It runs almost parallel to the Line of Actual Control (LAC) at Aksai Chin, the eastern ear of erstwhile Jammu and Kashmir state that China occupied in the 1950s, leading to the 1962 war in which India came off worse. In October 2019, Defence Minister Singh inaugurated a 500-m-long Bailey Bridge on the road. The bridge is named after Colonel Chewang Rinchen, an Indian Army hero from Ladakh. Located at 14,650 ft, it is believed to be the world’s highest such bridge. Important Info : Daulat Beg Oldie (DBO)? DSDBO connects Leh to Daulat Beg Oldie (DBO), the northernmost corner of Indian territory in Ladakh. DBO itself is less than 10 km west of the LAC at Aksai Chin.DBO has the world’s highest airstrip. Source : Indian Express (Geography) International Albinism Awareness Day 2020 is being observed on June 13 under the theme "Made to Shine" to celebrate the achievements of persons with albinism worldwide About: What is it? Albinism is a congenital disorder characterized in humans by the complete or partial absence of pigmentation (melanin) in the skin, hair and eyes. It is non-contagious. Health impact: Albinism is associated with a number of vision defects, such as photophobia, nystagmus, and amblyopia. Lack of skin pigmentation increases vulnerability to the sun and bright light. As a result, almost all people with albinism are visually impaired and are prone to developing skin cancer. Cause: Albinism results from inheritance of recessive gene alleles. In almost all types of albinism, both parents must carry the gene for it to be passed on, even if they do not have albinism themselves. Prevalence: The condition is found in both sexes regardless of ethnicity and in all countries of the world. Treatment: There is no cure for the absence of melanin that is central to albinism. Source : United Nations (Health) The Reserve Bank of India (RBI) released a Discussion Paper on ‘Governance in Commercial Banks in India’ for public comments About: The objective of the discussion paper is to align the current regulatory framework with global best practices while being mindful of the context of domestic financial system. Based on the feedback, fresh guidelines will be issued. The new norms will come into effect within six months after being placed the RBI’s website or April 1, 2021, whichever is later. The norms will be applicable to private, foreign and public sector banks. Some of the major highlights of the paper are as follows: Board members should not be a member of any other bank’s board or the RBI and should not be either a Member of Parliament or State Legislature or Municipality or other local bodies. Board of directors of a bank should not be less than six and not more than 15, with a majority being independent directors. The board shall meet at least six times a year and at least once every 60 days. A director on the board of an entity other than a bank may be considered for appointment as director on a bank’s board, if the person is not an owner of an NBFC or a full-time employee and that the NBFC does not enjoy a financial accommodation from the bank. Appointment, re-appointment and termination of wholetime directors (WTDs) and chief executive officers CEOs) should be with the previous approval of RBI. The upper age limit for CEO and WTDs of banks is suggested at 70 years. Banks will be free to set a lower age for such appointments. Source : The Hindu (Economy) About: The IFLOWS-Mumbai has been developed by the Union Ministry for Earth Sciences on the request of Municipal Corporation of Greater Mumbai (MCGM). IFLOWS-Mumbai is a state of art Integrated Flood Warning system for Mumbai. It is expected to enhance Mumbai’s resilience by providing early warning for flooding specially during high rainfall events and cyclones. I-FLOWS comprises seven modules, namely Data Assimilation, Flood, Inundation, Vulnerability, Risk, Dissemination Module and Decision Support System. The system has provisions to capture the urban drainage within the city and predict the areas of flooding, which will be incorporated in the final system. Source : All India Radio Integrated Flood Warning System - IFLOWS was inaugurated in Mumbai by Union Minister for Earth Sciences and Maharashtra Chief Minister About: The IFLOWS-Mumbai has been developed by the Union Ministry for Earth Sciences on the request of Municipal Corporation of Greater Mumbai (MCGM). IFLOWS-Mumbai is a state of art Integrated Flood Warning system for Mumbai. It is expected to enhance Mumbai’s resilience by providing early warning for flooding specially during high rainfall events and cyclones. I-FLOWS comprises seven modules, namely Data Assimilation, Flood, Inundation, Vulnerability, Risk, Dissemination Module and Decision Support System. The system has provisions to capture the urban drainage within the city and predict the areas of flooding, which will be incorporated in the final system. Source : All India Radio (Disaster Management) Union Agriculture Minister launched Sahakar Mitra: Scheme on Internship Programme (SIP) About: Objective: To help cooperative institutions access innovative ideas of young professionals while the interns will gain experience of working in the field to be self-reliant. Bodies involved: The scheme is an initiative by National Cooperative Development Corporation (NCDC), the cooperative sector development finance organization. Eligibility under scheme: Professional graduates in disciplines such as Agriculture and allied areas, IT etc. will be eligible for internship. Professionals who are pursuing or have completed their MBA degrees in Agri-business, Cooperation, Finance, International Trade, Forestry, Rural Development, Project Management etc. will also be eligible. Stipend: Each intern will get financial support over a 4 months internship period. Source : PIB (Economy) The Central Pollution Control Board (CPCB) will classify railway stations under the red, orange and green categories based on the quantity of waste water generated and the disposal of untreated water into the municipal drain system About: Railway stations generating waste water equal to or more than 100 Kilo Litres per Day (KLD) would be categorised as Red. Railway stations generating waste water greater than 10 KLD but less than 100 KLD would come under the Orange category. Railway stations with less than 10 KLD waste water generation would be branded Green. CPCB, by invoking powers under the provisions of the Water (Prevention & Control of Pollution) Act, 1974, had issued a direction to all State Pollution Control Boards (SPCBs) to categorise railway stations and send an action taken report. Source : The Hindu (Environment) Read the full article

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Indian Navy Sailor SSR Recruitment 2019-20 for Batch SSR 02/2020

Indian Navy Sailor SSR Recruitment Notification 2019-2020 Indian Navy SSR Recruitment 2019 Indian Navy SSR 2019-20 Notification Nausena Bharti Senior Secondary Recruits (SSR) 02/2020 Batch Course Commencing February 2020 Indian Navy SSR 2020 as sailors 12th class passed can apply online Indian Navy SSR Job Vacancy 2019 Indian Navy Sailor SSR Recruitment 2019-2020

Latest Updated On 28.06.2019 : Indian Navy has Started The Online Application for SSR February 2020 Batch……….Apply Now Through the Given Link… Online applications are invited from unmarried male candidates (who fulfill eligibility conditions as laid down by the Government of India) for enrolment as sailors for SSR for 2200 vacancies (Approximately) respectively in the Feb 2020 batch. Total Posts : Senior Secondary Recruits (SSR) 02/2020 Batch – 2200 Posts (Approximately) Educational Qualifications :- Qualified in 10+2 examination with Maths & Physics and at least one of these subjects :- Chemistry/Biology/Computer Science from the Boards of School Education recognized by MHRD, Govt. of India. Age :- Candidates should be born between 01 Feb 2000 to 31 Jan 2003 (Both dates inclusive). Pay & Allowances :- During the initial training period, a stipend of Rs. 14,600/-per month will be admissible. On successful completion of initial training, they will be placed in Level 3 of the Defence Pay Matrix (₹ 21,700-₹69,100). In addition, they will be paid MSP @ ₹ 5200/-per month plus DA (as applicable) plus “X‟ Group pay {only for Artificer Apprentice (AA)} @ Rs. 6200/-per month plus DA (as applicable). Application Fee : Candidates (except SC/ST candidates, who are exempted from payment of fee) are required to pay a fee of Rs. 205/-(Rupees Two hundred five only) through online mode by using net banking or by using Visa/ Master/ RuPay Credit/ Debit Card/ UPI. SELECTION CRITERIA :- Selection of recruits is based on State wise merit of their performance in Computer-based Examination, subject to qualifying Physical Fitness Test (PFT) and fitness in Medical Examinations. Computer Based Examination.Physical Fitness Test (PFT).Medical Standards. How To Apply :- For this entry the candidates can apply ONLINE ONLY, MANUALLY FILLED APPLICATIONS WILL BE REJECTED. The procedure for the same is as follows:- (a) Online Application Form. Candidates are to apply online through website www.joinindiannavy.gov.in From 28 Jun 19 & till Date 10 Jul 19. (b) Before filling online application, keep matric certificate & 10+2 Mark sheet ready for reference. (c) Filling up of information like email id is compulsory. (d) Log- in’ with the registered E -mail id and click on “ Current Opportunities ”. (e) Click on “ Apply ” (√) button. (f) Fill up the Form completely. Before clicking the ‘ Submit ’ button. Important Dates :- Application Started28 Jun 19Last Date of Application Submission10 Jul 19Exam DateSep 19

Last Date:- 10.07.2019

Important Link Area : Download Advertisement Apply OnlineAvailable NOW SyllabusDetailed Indian Navy SSR SyllabusAdmit cardDownload Indian Navy SSR Admit CardQuestion PaperDownload Indian Navy SSR Question PaperOfficial Websitehttp://www.joinindiannavy.gov.in/ Filed Under: 12th / Intermediate Passed Jobs, Defence Jobs, Government Jobs, Indian Navy Tagged With: 02/2020, 2017, 2018, 2019, 2020, Apply Online, Defence Recruitment, Govt Recruitment, Indian Navy, sailor, SSR, SSR 02/2020 Batch COMMENTS Timothyevoky says28/08/2019 at 2:47 am5 Best Casual Dating Apps: http://cort.as/-NTFi?xkuxsrSPcReply Rahul kumar says24/08/2019 at 6:50 pmDate Kya he sir exam kiReply Vara prasad says20/08/2019 at 12:15 pmHall ticket when will release sir…..Reply akash tiwari says17/08/2019 at 8:01 pmAdmit card ki date ky ha sirReply Abhishek Kumar rajak says20/07/2019 at 10:55 amSir mera English me 49 marks hai 12 me mera admit card as jayegaReply vikash says02/07/2019 at 6:26 pmsir 12 ki Mark seat jaruri h k or all subject m number kitne ki jrurt hReply Ravindra kumar says29/06/2019 at 4:31 pmSir I am studying in class 12th. Can I apply for SSR?ReplyVishal Dixit says29/06/2019 at 5:27 pmNo..ReplyAbhilash Kumar says29/06/2019 at 5:28 pmnoReply Lalit says25/06/2019 at 6:41 amSir jo indian navy ki vacancy aai h jo form 28 June say start h esmay dono form apply krna compalsury h ya hmm ek form apply kr skty kyaReply Ravindra says20/06/2019 at 8:26 amSir why u delete the year 1999 many students are feeling bad sirReply S.A yadav says16/06/2019 at 7:48 pmSIR, MR me medical me 10/2019 batch me unfit ho gya hu kya me 04/2020 batch form apply kar skta hu…Reply Heman says18/06/2019 at 11:10 amBhai tera kya point bnaya hai..Reply Chinnu says12/05/2019 at 7:57 amSir when merit list will be announced please tell me sirReply Sunny Kumar says15/03/2019 at 4:36 amSir I have got 44.5 marks. Am i able to qualify the overall merit list… reply me sir pleaseReplyVishal Dixit says15/03/2019 at 5:27 pmMay Be Yes Sunny…Reply « Older Comments LEAVE A REPLY Your email address will not be published. Required fields are marked * Comment Name * Email * Website RECENT UPADATES Rajasthan Scholarship form 2019-20 Check Latest SchemesGMC Goa 1077 Staff Nurse Recruitment 2019 MTS Notification Apply NowMECL 255 Non Executive Recruitment 2019 Executive Apply Online LinkOSSC Junior Engineer Syllabus 2019 JE Written Exam PatternEPFO SSA Cut Off 2019 Social Security Assistant State Wise Prelims Expected/ Previous Year Marks HOT JOBS

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