How I’d invest £20k in 2020

first_img Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Harvey Jones | Sunday, 29th December, 2019 “This Stock Could Be Like Buying Amazon in 1997” A new year always brings bright new opportunities, and 2020 will be no different. At the very least, it’s an opportunity to look at how well any existing investments have performed, and decide where to put your money next.Stock markets win!The past 12 months have been good for stock markets. In fact, the entire decade has been hugely rewarding, as we avoided a recession for its entirety, and that’s highly unusual. Central bankers simply couldn’t let it happen after the havoc wreaked by the financial crisis, and used low interest rates and monetary easing to keep markets buoyant.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…It’s been a great time to be an investor and I expect that to continue in 2020, although with more volatility on the way.Many people don’t trust this bull run, the longest in history, and I understand that. However, anybody who shunned it on high-minded grounds will be notably poorer as a result. The stock market remains the best way to build your long-term wealth, and I would choose it over rival asset classes such as a Cash ISA, buy-to-let, Bitcoin and gold. So where to invest now?Take your opportunitiesThe answer partly depends on you. Many people find themselves with a ragbag of different stocks and funds, often weighted to just one or two companies, sectors or countries. For example, the US market has been one of the world’s top performers so there’s a fair chance many of us will have too much exposure to that. You need to strike a balance, between the US, UK, Europe and emerging markets, with some cash and bonds to balance your risk.Shares should formed the bulk of your long-term savings, because with an average historical long-term return of around 7% a year, they outpace almost every rival in the longer run. They may be volatile in the short term, but if investing for retirement over 20 or 30 years, they should really beat allcomers.Make money and pay no taxIf you haven’t invested before, perhaps the first place to start is your annual tax-free Stocks and Shares ISA allowance. You can set one up quickly and cheaply with an online wealth platform, and all your investment returns will be free of income tax and capital growth. This can make a massive difference to your overall return.This financial year you can invest anything up to a maximum £20,000. You could keep things simple by sticking your money in a low-cost exchange traded fund tracking the FTSE 100, such as the iShares Core FTSE 100 ETF, possibly balanced with a global fund such as the Vanguard FTSE All-World ETF. In time, you should spread that with two other indices, such as the FTSE 250, S&P 500, and European and emerging markets.You can then start looking at for individual share opportunities. There are plenty of attractive opportunities out there – personally, I’d consider popping these five stocks into a starter portfolio of FTSE 100 companies.The important thing then is to stick at it. Keep investing every month, ignore short-term stock market volatility (except as a buying opportunity), and let the dividends and growth roll up throughout 2020 and beyond. That’s my tip for a happy New Year! Enter Your Email Addresscenter_img See all posts by Harvey Jones I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images How I’d invest £20k in 2020 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

I’d buy these cheap UK shares in an ISA to make a million from the stock market crash

first_img Matthew Dumigan has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Matthew Dumigan | Wednesday, 5th August, 2020 | More on: SKG SMIN “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Investor confidence still remains pretty shaky in the aftermath of the 2020 stock market crash. Recent sharp rises in global stocks have even prompted fears over an imminent second major sell-off. However, sentiment towards UK shares still remains relatively weak, especially in comparison to stocks elsewhere in the world. With that in mind, I think there’s still a good opportunity to pick up some cheap UK shares. Hold them for the long term, and you could even boost your chances of building a six-figure portfolio.Currently, I have my eye on a handful of British stocks that appear too cheap to ignore. Today I want to talk about two of them in particular.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Cheap UK shares to look out forFirst up is one of the world’s leading packaging companies, Smurfit Kappa Group (LSE: SKG). Over the last 10 years, the shares have netted around a 420% return, massively outperforming the FTSE 100 index. While we’re yet to hear of the company’s trading performance over the last few months, I have a sneaky feeling it may be positive.The explosion in e-commerce activity in the wake of the coronavirus pandemic sent demand for packaging products through the roof. Results from other packaging companies are testament to this. Therefore, increased business activity in this sector is something Smurfit Kappa was always well-positioned to capitalise on. Factor-in the company’s strong market position, as well as industry-leading innovation, and a P/E ratio of 14.7 is amply justified, in my view.Secondly, I like the look of shares in the diversified engineering company Smiths Group (LSE: SMIN). Despite a resilient first-half performance, the firm has struggled as a result of the pandemic, with operations across multiple business areas slowing down substantially. Consequently, the company is taking the necessary, albeit painful, steps to reduce costs and free up cash. The FTSE 100 engineer’s restructuring programme intends to offset costs with large savings in 2021, with the full benefit feeding through the year after.Overall, the sheer diversity of the products and services provided by Smiths should act as a buffer against total ruin. The company manufactures a wide range of specialist goods from electronics to medical equipment. Provided business accelerates again in a post-pandemic world, I see a P/E ratio of 20.6 as a price well worth paying for a company that looks poised to recover strongly in the long run.Building a six-figure portfolioUltimately, holding these two stocks alongside a handful of diversified UK shares in an ISA could immensely boost your prospects of building serious long-term wealth. Why in an ISA? Well, that way you get to hold on to more of your gains due to the tax-wrapper effect.For example, let’s say you invest £500 a month and manage to achieve an annual return of 8%. After 35 years, you’d have an investment pot worth £1,078,202! With that in mind, I’d buy cheap UK shares today in order to kickstart the process of compounding returns. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Sharescenter_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I’d buy these cheap UK shares in an ISA to make a million from the stock market crash Image source: Getty Images Enter Your Email Address Simply click below to discover how you can take advantage of this. See all posts by Matthew Dumiganlast_img read more

Friday Funnies – Stu Dickinson takes a tumble

first_imgFriday Apr 25, 2008 Friday Funnies – Stu Dickinson takes a tumble One of the more controversial refs in World Rugby, Stuart Dickinson has had many a fan worldwide tearing his hair out on occasion. Generally regarded as one of the top referee’s in the game, he still manages to make some shocking decisions on occasion and is disliked by many a fan. He is however Australia’s most capped referee and one with huge experience in all levels of rugby, and should probably be respected for that. Still, to see him knocked on his backside is still amusing for many I’m sure, so he’s him taking a tumble after getting in the way of Reds hooker Stephen Moore last weekend. A fun clip to start off a great weekend of rugby in prospect, look out next week for highlights from the Heineken Cup, Super 14, and a whole lot more.ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error See it to Believe it Related Articles 25 WEEKS AGO WATCH: Experts explain what actually happens… 26 WEEKS AGO WATCH: Leigh Halfpenny makes yet another… 26 WEEKS AGO Parisse alley-oop magic sets up brilliant… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingShe Was the Most Beautiful Girl in the World. What She Looks Like Now is InsaneNueey30+ Everyday Items With A Secret Hidden PurposeNueey10 Types of Women You Should Never MarryNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

360Giving presses government on open data promise

first_img360Giving presses government on open data promise Melanie May | 6 March 2018 | News Tagged with: data transparency  177 total views,  3 views today 360Giving has pressed the government to make good on its 2016 promise to publish more granular level data on its annual £100bn grants expenditure.360Giving used Open Data Day on 3 March to ask the government to fulfil its open data promise. It says that being able to compare all government grants data alongside grants from other funders would enable collaboration and benefit the charitable sector.The government has so far created the Government Grants Information System (GGIS) to enable grant information to be recorded and reported across all 15 departments that provide grants in a standardised and scalable way. It has also released data in line with the 360Giving open data standard for the Ministry of Justice and the Department for Transport, meaning that data can be seen alongside funding provided by other charitable trusts and foundations.However, 360Giving has called for government to be more ambitious.Rachel Rank, CEO of 360Giving and member of the Charity Commission Digital Advisory Group, said:“The remaining 13 departments should share more granular data on their grant expenditure, as outlined in the commitment made in the UK’s Open Government National Action Plan, starting with the biggest providers such as DCMS, Defra and the Department for Education.“The government’s grant expenditure is equivalent to the UK’s annual healthcare spending and highlights why it’s important that this information is published in an open, standardised way that identifies each organisation receiving funds. This would make it easier to follow the money through the delivery chain and could engender greater collaboration with the charitable sector. It would also help us gain a better understanding of the true size and scale of the sector and all the important work it does.”According to 360Giving, 73 funding organisations are now sharing their data using the 360Giving Standard, representing over £17bn of grants made to all corners of the UK. These include the Big Lottery Fund and Sport England, BBC Children in Need, Comic Relief, Esmée Fairbairn Foundation, and Lloyds Bank Foundation. The Standard is also in use at a local level including several community foundations, local authorities and housing associations. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis10 Advertisement  178 total views,  4 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis10 About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.last_img read more

RBLI announces first mass participation event

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis12 Royal British Legion Industries is launching its first mass participation event in its 100-year history: a 24-hour run called the RBLI Zenith24.In preparation for its centenary celebrations next year, RBLI has partnered with Tri Spirit Events to launch the RBLI Zenith24, which will see participants race solo, in pairs or in teams, with the goal to complete as many laps of Kent’s Hole Park estate as they can in 24 hours to raise funds for the charity. The event takes place from midday Saturday 22 June until midday Sunday 23 June 2019. There are also 10k races, with one taking place during the day and one at night.There will also be a special corporate event with separate prizes and honours for company teams, and camping is available from Friday to Monday, which is free for competitors and spectators.RBLI chief executive and former Brigadier Steve Sherry CMG OBE, said:“As a charity which has improved the lives of hundreds of thousands of people over the course over its near 100-year history, RBLI is incredibly excited to announce the first of our centenary celebrations to take place next year with Tri Spirit Events.“Without doubt, RBLI Zenith24 will be a gruelling challenge but, ultimately, an immensely rewarding one to take part in, with each participant knowing that they will play a direct role in supporting some of our nation’s ex-service personnel who are in desperate need of support.”  201 total views,  1 views today Advertisement RBLI announces first mass participation event Melanie May | 18 October 2018 | News Tagged with: Events fundraising events  202 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis12 About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.last_img read more

Diana Award open for nominations

first_img Nominations are now open for this year’s Diana Award, which rewards young people for their social action or humanitarian work.Nominations are open for young people aged 9-25 years, with a deadline of 29 March.To be eligible for The Diana Award, nominees must be aged between 9 and 25 and have been carrying out their activities for a minimum of 12 months. Nominees can be an individual or in a group of young people.Nominators must know the young person in a professional capacity and be able to demonstrate the nominee’s impact in the five key areas of vision, social impact, youth-led, service journey and inspiring others.Each nomination will be reviewed by a regional judging panel, comprising of young people, experts in the youth sector, business and educational professionals.UK Diana Award recipients will be invited to attend an UK Award Ceremony in their local area in either June/July or November/December 2019. Those based outside of the UK will be celebrated virtually on International Ceremony Day later in 2019. Diana Award holders are also presented with an invitation to Althorp House, Princess Diana’s childhood home.This is the award’s 20th anniversary year. Twelve young people, all Diana Award Holders, from the UK, USA, Canada, India and UAE feature in The Diana Award’s Change Makers campaign, created to kick-off the anniversary year and drive nominations. Melanie May | 15 March 2019 | News Tagged with: Awards  180 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis10 Diana Award open for nominationscenter_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis10  179 total views,  2 views today About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.last_img read more

ACE Says Desperation Motivating ‘Big Oily Food’ Appeal To Supreme Court

first_img By Gary Truitt – Feb 21, 2013 Executive Vice President of the American Coalition for Ethanol, Brian Jennings today was critical of the American Petroleum Institute’s (API) and the Grocery Manufacturers Association’s (GMA) effort to appeal rulings by the U.S. Court of Appeals that they groups did not have standing to sue over E15. “Big Oily Foods’ cozy and self-serving relationship to do whatever it takes to stop consumers from access to safe and affordable E15 fuel is dripping with highly-saturated desperation.  First these groups convince a couple Members of Congress to introduce legislation which would overturn EPA’s science-based decision to approve E15 for 2001 and newer model year cars.  Now, after their lawsuits against EPA have been rejected by lower courts, they are appealing to the Supreme Court to help protect their profitable status-quo.” SHARE Facebook Twitter Home Energy ACE Says Desperation Motivating ‘Big Oily Food’ Appeal To Supreme Court ACE Says Desperation Motivating ‘Big Oily Food’ Appeal To Supreme Courtcenter_img Previous articleSeed Consultants Market Watch 2/21/2013 Evening Comment With Gary WilhelmiNext articleAgronomist: Winter Weather Loosened Soil; No-Till A Viable Option Gary Truitt SHARE Facebook Twitter “With gasoline prices on the rise for 35 days in a row, American-made E15 will help drivers save money at the pump.  The gap between ethanol and gasoline prices has widened, making E15 a much more affordable and attractive option for retailers and consumers.  As we have said before regarding the so-called study by CRC cited by API as a reason to stop E15: the definitions of “pass” and “fail” and the cars selected for testing were carefully chosen to produce the results the study’s funders wanted.  The Department of Energy has pointed out that the CRC tests included engines with known durability issues, and that one of the engines even failed while running on straight gasoline with no ethanol.  We expect that the Supreme Court refuses to hear this appeal.”last_img read more

New Associate Dean for Academic Programs Joins Purdue Agriculture Leadership Team

first_img Christine Wilson, a professor and director of undergraduate programs for Kansas State University’s agricultural economics department, has been appointed associate dean and director of academic programs for Purdue University’s College of Agriculture, effective Feb. 17.She will be replacing Marcos Fernandez, who served in that position for the past eight years and is stepping down to join the faculty in the college’s Department of Animal Sciences.Karen Plaut, the Glenn W. Sample Dean of Agriculture at Purdue, praised the experience and knowledge Wilson brings to this position and her commitment to make sure the student experience is second to none.“Dr. Wilson’s professional and academic background and the extensive recognition she has received for her commitment to undergraduate teaching, leadership of academic programs and to students make her an incredible addition to our college,” Plaut said. “I am excited about the leadership Dr. Wilson will bring to our undergraduate academic programs.”Wilson earned her bachelor’s degree in agribusiness, and her master’s and doctoral degrees in agricultural economics, all from Kansas State University. She began her career in industry, working as a grain market analyst for Koch Industries. She then returned to her alma mater as an extension economist, focusing on farm management and land use value appraisal.Wilson began her academic career as an assistant professor in Purdue’s agricultural economics department, where she served from 2001-08. She returned to Kansas State University to serve as assistant dean for academic programs for student services and retention in the college of agriculture, a position she held for seven years.“I am very excited to return to Purdue in this leadership position for the College of Agriculture,” Wilson said. “I am looking forward to working with Purdue’s very talented faculty, staff and students to continue the excellence in agriculture academic programs.”Wilson is an award-winning teacher. She received the Distinguished Undergraduate Teaching Award – More than Ten Years’ Experience from the Agricultural & Applied Economics Association. She also received the Presidential Award for Excellence in Undergraduate Teaching from Kansas State University, and the David Mugler Outstanding Teaching Award from the Kansas State University Agricultural Alumni Association. Previous articleSome Improvement in Indiana ARC/PLC Enrollment, but not EnoughNext articleIndiana Grown Adds to Long List of Maps, Trails and Guides Purdue University News Service New Associate Dean for Academic Programs Joins Purdue Agriculture Leadership Team Facebook Twitter SHARE By Purdue University News Service – Feb 10, 2020 SHARE Facebook Twitter Home Indiana Agriculture News New Associate Dean for Academic Programs Joins Purdue Agriculture Leadership Teamlast_img read more

Could Ben Carson be the Next HUD Secretary?

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Cash and Distressed Sale Rates Zero-in on Pre-Crisis Levels Next: Are More Declines in Homeownership to Come? Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Tagged with: Ben Carson HUD Secretary Trump Share Save The Best Markets For Residential Property Investors 2 days ago Ben Carson HUD Secretary Trump 2016-11-22 Kendall Baer in Daily Dose, Featured, News Dr. Ben CarsonPresident-elect Donald Trump tweeted on Tuesday that he is “seriously considering” retired neurosurgeon and former Republican presidential candidate Dr. Ben Carson to be the next HUD Secretary.In an interview with Fox News’s Neil Cavuto on Tuesday, Carson confirmed that he had been offered the job, saying that the position of HUD Secretary “was one of the offers that’s on the table.”Carson, who was raised in the inner city of Detroit, told Cavuto that the inner cities are in “terrible shape” and need “real attention.””You know, there have been so many promises made over the last several decades, and nothing has been done,” Carson said. “So it certainly is something that has been a long-term interest of mine. And I’ll be thinking and praying about it seriously.”[email protected]: “[HUD position] was one of the offers that’s on the table.” pic.twitter.com/Z7cC5YhiUV— Fox News (@FoxNews) November 22, 2016Trump’s announcement that he was considering Carson to lead HUD came as a surprise to many because Carson reportedly said on November 15 that he does not want to serve in the Trump Administration.Carson ally Armstrong Williams told The Hill last week, “Dr. Carson feels he has no government experience, he’s never run a federal agency. The last thing he would want to do was take a position that could cripple the presidency.”I am seriously considering Dr. Ben Carson as the head of HUD. I’ve gotten to know him well–he’s a greatly talented person who loves people!— Donald J. Trump (@realDonaldTrump) November 22, 2016On November 21, however, Carson told Fox News that he would give “very serious consideration” if he were offered a cabinet position in the Trump Administration. He explained his position via Facebook later that same day, saying, “There is no reversal of my position in terms of working with the Trump administration. I have always made it clear that I preferred to work outside of the government as an advisor, but if called upon, I would serve inside of the government. I believe it is important to have voices that are outside of the administration combating media bias and the divisiveness that has infected our country.”While Carson does not have any experience with housing policy or with serving in government, he has previously spoken out about housing policy. In 2015, Carson wrote an editorial for the Washington Times criticizing an Obama Administration triumph, HUD’s Affirmatively Furthering Fair Housing (AFFH) rule, which Carson said was “designed to ‘desegregate’ housing by withholding funds from communities that fail to demonstrate their projects ‘affirmatively further’ fair housing.”Carson pointed out that mandated busing following the landmark Brown v. The Board of Education decision failed to make any progress toward integrating schools, and he does not believe the AFFH will fare any better.“These government-engineered attempts to legislate racial equality create consequences that often make matters worse,” Carson wrote in the Washington Times. “There are reasonable ways to use housing policy to enhance the opportunities available to lower-income citizens, but based on the history of failed socialist experiments in this country, entrusting the government to get it right can prove downright dangerous.”[email protected] would give ‘very serious consideration’ to Cabinet post https://t.co/[email protected]/LcFY7DkQhg— Fox News (@FoxNews) November 21, 2016 Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Sign up for DS News Daily center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Could Ben Carson be the Next HUD Secretary? About Author: Brian Honea Related Articles Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago November 22, 2016 1,495 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Could Ben Carson be the Next HUD Secretary?last_img read more

‘Have Not Come Across Any Such Legislative State Action Legitimizing Criminal Activity’: J&K HC Holds ‘Roshni Act’ Unconstitutional [Read Order]

first_imgNews Updates’Have Not Come Across Any Such Legislative State Action Legitimizing Criminal Activity’: J&K HC Holds ‘Roshni Act’ Unconstitutional [Read Order] LIVELAW NEWS NETWORK11 Oct 2020 6:30 AMShare This – xThe Jammu and Kashmir High Court has held that the Jammu and Kashmir State Land (Vesting of Ownership to the Occupants) Act 2001, [popularly known as Roshni Act] is completely unconstitutional and all acts done under it or amendments thereunder are also unconstitutional and void ab initio.The bench comprising the Chief Justice Gita Mittal and Justice Rajesh Bindal directed CBI Investigation…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Jammu and Kashmir High Court has held that the Jammu and Kashmir State Land (Vesting of Ownership to the Occupants) Act 2001, [popularly known as Roshni Act] is completely unconstitutional and all acts done under it or amendments thereunder are also unconstitutional and void ab initio.The bench comprising the Chief Justice Gita Mittal and Justice Rajesh Bindal directed CBI Investigation into allegations against Ministers, legislators, bureaucrats, high ranking Government and police officials for having encroached upon public lands and having caused orders passed under the Roshni Act in their favour. The Jammu and Kashmir State Land (Vesting of Ownership to the Occupants) Act 2001 was enacted in 2001 ‘for vesting of ownership rights to occupants of State Land for purposes of generating funds to finance Power Projects in the State.’ In 2018, the Jammu and Kashmir State Lands (Vesting of Ownership to the Occupants) (Repeal and Savings) Act, 2018 repealed the said Act, however saving actions done under it. While disposing a PIL filed by Prof. S. K. Bhalla in 2011, the court observed:”Thus by a legislative act, valuable state land held in public trust by the State could be vested in persons who have trespassed thereon. Is this at all legally permissible? Does the Constitution of India enable such a legislative exercise? So far as State land is concerned, the mandate of the law laid down by the Supreme Court is absolutely clear and the answer to the question is in the negative.The Roshni Act and the Rules prescribe a mode of dispossession of valuable public property in a most arbitrary manner not known by law. The Act and the Rules are in the teeth of binding law laid down by the Supreme Court. They have been worked most arbitrarily and unfairly is in complete violation of the mandate of Article 14 of the Constitution of India. The vesting of several lakhs of kanals of public land to private ownership has resulted in such land not being available for public projects and infrastructure including hospitals, schools, parks etc. As a result, the rights to health, education, a good environment of the residents of Jammu & Kashmir, all of which are essential concomitants of their right to life guaranteed under Article 21 of the Constitution of India of the residents are violated.””We have not come across any such legislative State action legitimizing criminal activity at the cost of national and public interest with incalculable loss and damage to the public exchequer and the environment, without any financial (or other) impact assessment.”, said the bench while holding the legislation adversely impacted rights guaranteed to the people under Article 14 & 21 of the Constitution of India, was void ab initio from its very inception. “That these looters could motivate a legislation to facilitate their nefarious design, by itself speaks about their insidious and deep penetration into the corridors of power and authority; about the level and scale of their influence at all levels and suggests involvement of all those who mattered including in propounding and implementation of the policy.”, the court said in the order. The lar court said that large tracts of State lands vested under the Roshni Act, 2001 and those under encroachment must be retrieved in accordance with law.”We have prima facie found culpability of Government officials at the highest level enabling encroachment of public lands and permitting their illegal vesting in the hands of private owners. Their culpability has to be investigated.”, the bench said while ordering CBI investigation.The Court has also directed Revenue Department to compile complete identities of all influential persons (including ministers, legislators, bureaucrats, government officials, police officers, businessmen etc.) their relatives or persons holding benami for them, who have derived benefit under the Roshni Act, 2001/ Roshni Rules 2007 and/or occupy State lands, along with the details of the State land which was in illegal and unauthorized occupation of person(s)/ entities with full identity of encroachers and particulars of the land. Click here to Read/Download OrderRead OrderSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more