<ul><li>India, which was supposed to host the summit in 2021, exchanged hosting duties with Italy, which was slated to host in <keyword id="6637364" type="UNKNOWN" weightage="20" keywordseo="2022">2022</keyword>. </li><li>The move is an important boost for Brand Modi as 2022 is India’s 75th year of <keyword id="6360057" type="UNKNOWN" weightage="20" keywordseo="independence">independence</keyword> and it is hosting the annual grouping of 19 nations for the first time. </li><li>The exchange of hosting duties between India and Italy indicates a strengthening of bilateral ties, which hit the skids in the earlier part of the decade after two Italian marines killed two Indian fishermen off the coast of the state of Kerala.</li></ul> Brand Modi got a big boost this weekend as India’s Prime Minister exchanged hosting duties for the <a href="https://indianexpress.com/article/india/narendra-modi-india-g20-summit-75th-independence-day-2022-5474355/">G20 summit in 2022 </a>with Italy, which agreed to host the summit in 2021 instead. The move is an important symbolic victory for <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> as 2022 is India’s 75th year of independence and it is hosting the annual grouping of 19 nations, which are said to be the world’s most influential countries, for the first time. The announcement also caps what seems to be a fairly successful weekend for India from a diplomatic angle at the <keyword id="42981" type="COMPANY" weightage="20" keywordseo="G20">G20</keyword> summit in the Argentinian capital of Buenos Aires. Notable highlights of the weekend include Modi’s trilateral meetings on the sidelines with the heads of state of <keyword id="1334" type="LOCATION" weightage="20" keywordseo="China">China</keyword> and <keyword id="6358826" type="LOCATION" weightage="20" keywordseo="Russia">Russia</keyword> as well as a the heads of Japan and US. Modi also presented a <a href="https://www.thehindubusinessline.com/economy/g20-summit-india-presents-9-point-agenda-on-fugitive-economic-offenders/article25640792.ece">nine-point plan</a> to stop “fugitive economic offenders” during the second session of the summit on 30 November. Hosting the G20 summit will be an important culmination of India’s attempt to wield more influence globally as the world’s fastest growing large economy. In 2022, India will be two years from surpassing China <a href="https://indianexpress.com/article/india/by-2024-india-to-overtake-china-as-most-populous-nation-in-the-world-un-4716514/">as the world’s most populous nation</a>, according to UN estimates. The government also plans to be <a href="https://www.thehindubusinessline.com/news/India-puts-in-candidacy-for-2021-2022-UNSC-non-permanent-seat/article20696014.ece">a non-permanent member</a> of the UN Security Council and send <a href="https://economictimes.indiatimes.com/news/science/indias-first-manned-space-mission-to-send-3-persons/articleshow/65576098.cms">a manned mission to moon</a> by the time it turns 75. Political goodwill Symbolic gestures will be of particular importance to the upcoming general elections in 2019, as India’s political parties make promises, build goodwill and encourage voter optimism and disillusionment in equal measure in a bid to win. For its part, the Modi administration achieved another important symbolic victory with the inauguration of India’s Statue of Unity on 31 October, <a href="https://www.businessinsider.in/indias-statue-of-unity-is-now-the-tallest-in-the-world-its-twice-as-tall-as-the-statue-of-liberty/articleshow/66441817.cms">the world’s tallest statue</a>, regardless of the subsequent controversy over its cost. The exchange of hosting duties between India and Italy indicates the strengthening of bilateral ties, which hit the skids in the earlier part of the decade after two Italian marines, who were in charge of preventing pirate attacks on a commercial ship, killed two Indian fishermen off the coast of the state of Kerala. The case is currently being heard by an international arbitration tribunal. SEE ALSO: <a href="https://www.businessinsider.in/indias-statue-of-unity-is-now-the-tallest-in-the-world-its-twice-as-tall-as-the-statue-of-liberty/articleshow/66441817.cms">India’s ‘Statue of Unity’ is now the tallest in the world — It's twice as tall as the Statue of Liberty</a> <a href="https://www.businessinsider.in/india-and-china-are-taking-their-military-ties-to-the-next-level/articleshow/65528409.cms">India and China are taking their military ties to the next level</a>

India’s Prime Minister Modi achieves symbolic victory by securing the G20 summit hosting gig in the country’s 75th year of independence

<ul><li>SEBI is planning to tag defaulters as 'difficult to recover' if it's virtually impossible for them to pay back their loan.</li><li>The tag will also be used for individuals found be 'untraceable' and with cases in multiple courts.</li><li>The proposal will be presented at SEBI's next board meeting in the coming week.</li></ul> Capital market regulator SEBI is planning to attach a 'difficult to recover' tag for individual defaulters who are found to be 'untraceable' as also for cases facing parallel proceedings by other agencies or in various courts and tribunals. The proposal, likely to be discussed at SEBI's board meeting next week, is aimed at better utilisation of resources towards cases with higher chances of recovery, a senior official said. This separate 'difficult to recover' category is for cases where recovery of penalties and other dues from defaulters proves to be virtually impossible and the amount involved is not found to be worth an attempt beyond a point. However, SEBI can initiate or continue its prosecution proceedings against the defaulters even after such a segregation and recovery procedure can be reopened in case there is any change in the prevailing parameters regarding the defaulter. The regulator is now considering a modification to its policy on 'difficult to recover' dues to include the criteria of 'untraceable' for individuals and 'parallel proceeding barring recovery', the official said. In case of individuals, the existing policy provides for this classification for a person who has died leaving behind no assets and those who are alive but have no attachable assets or have become insolvent. However, the income tax department rules for 'difficult to recover' cases has two more categories -- individuals who are untraceable and those who have left India. The official said that SEBI did not include these categories earlier as it did not have enough data with respect to the cases involving untraceable individuals, while the final category became redundant after promulgation of the Fugitive Economic Offenders Act. However, its analysis of pending recovery cases has now shown that many cases involving untraceable individual defaulters are fit for being declared 'difficult to recover'. In case of companies, this classification applies to those having gone into liquidation or insolvency proceedings or are defunct, as also entities whose directors, promoters, partners or representatives have no attachable assets. Regarding foreign companies, this category includes those having no presence, place of business, management, representative or attachable assets in India. The Securities and Exchange Board of India (SEBI) has got powers to recover money from various entities by way of passing orders for refund of money to investors, disgorgement of funds to be distributed to investors, and also collect fees and penalties levied by it. Since getting the recovery powers in 2013, SEBI has initiated recovery proceedings against a large number of defaulters, but it has experienced difficulties during the execution of these proceedings in certain cases. According to officials, difficulties mainly arise due to the defaulter being insolvent or financially unsound without having any attachable assets, or being a company whose assets or directors/ promoters are not traceable, as also individual defaulters being untraceable. In some cases, the dues remain unrecovered even after executing all modes of recovery. Earlier, SEBI norms did not provide for declaring any unrecovered dues as 'difficult to recover' and therefore all the proceedings used to remain in force along with other recoverable cases, thus hindering optimal utilisation of resources for cases with better chances of recovery, officials said. In 2018, SEBI had formulated this policy, after taking cues from the procedure followed by the income tax department, following extensive consultations with the Finance Ministry, the Reserve Bank of India and the Corporate Affairs Ministry, but it has always been made clear that it should not be seen as "scaling down or writing off" of the dues. Out of 2,500 recovery orders passed by SEBI so far, as many as 1,790 recovery certificates were pending (at end of November 2019). Out of these, 136 were found fit to be declared 'difficult to recover', though not a single case has been put in that category as yet because the final verification of the steps are being carried out by newly appointed recovery officers prior to any such categorisation. Out of the total 1,790 pending cases, the maximum number of 1,308 cases are pending at a stage after attachments of bank, demat and mutual fund accounts as the funds or securities available are not sufficient. Also, 301 of them are 'defunct' (17 per cent) and 254 have been found to be 'untraceable' (14 per cent). Besides, the 136 cases that are fit to be treated as 'difficult to recover', as many as 97 are 'untraceable' for reasons including of failure to serve demand notice despite best efforts, non-availability of demat or bank account details, non-existence of right address and even PAN details being unavailable. Besides, SEBI is also proposing a 'difficult to recover' tag for cases facing 'parallel proceedings' before various judicial and quasi-judicial fora such as National Company Law Tribunal, special courts, debt recovery tribunals, as also cases where stay on recovery has been granted by high courts or the supreme court, or where parallel attachment has been done by agencies like ED, Tax Department, EPFIO etc. Out of the total 1,790 pending recovery cases, SEBI found that parallel proceedings were pending in 90 cases with some facing multiple litigations. In cases where insolvency and bankruptcy proceedings have commenced, SEBI has no scope of recovery as the Insolvency and Bankruptcy Code prevails over the SEBI Act. See also: <a href="https://www.businessinsider.in/you-may-earn-up-to-1-crore-with-a-tip-off-on-insider-trading-sent-to-sebi-conditions-apply/articleshow/69729976.cms">You may earn up to ₹1 crore with a tip-off on insider trading sent to SEBI — conditions apply</a> <a href="https://www.businessinsider.in/india/news/indian-stock-market-regulator-wants-to-use-ai-to-curb-manipulation/articleshow/73570976.cms">Indian stock market regulator wants to use AI to curb manipulation</a> <a href="https://www.businessinsider.in/business/news/sebi-to-hire-independent-agencies-to-dispose-of-attached-assets/articleshow/73517907.cms">SEBI to hire independent agencies to dispose of attached assets</a>

SEBI wants to tag defaulters as "difficult to recover" where recovery is virtually impossible

<ul class="summary-list"><li>"<a href="https://www.insider.com/category/parasite">Parasite</a>," which just dropped on <a href="https://www.insider.com/category/hulu">Hulu</a>, can be understood and as a second, more perfect version of "Snowpiercer."</li><li>In both <a href="https://www.insider.com/category/movies">films</a>, Bong uses a particular type of a dramatic panning shot in moments when characters first break across or sabotage lines of class hierarchy. </li></ul><ul class="summary-list"><li>In both "<keyword id="38601" type="PERSON" weightage="60" keywordseo="parasite">Parasite</keyword>" and "Snowpiercer," information takes on the physical form of guns and bullets.</li><li>The protagonists in each story discover that mechanical operations they've observed earlier in the <keyword id="681" type="COMPANY" weightage="60" keywordseo="film">film</keyword> are sustained by hidden human parts.</li><li><a href="https://www.insider.com/?hprecirc-bullet">Visit Insider's homepage for more stories</a>.</li></ul>Following is a transcript of the video. Narrator: In this scene from this year's best picture winner, "Parasite," one of the protagonists, Ki-taek, discovers the reason the bulbs in the Parks' mansion light up when the residents walk up the stairs. It's one of those reveals that's led many critics and fans to describe the film as surprising. But if you've seen director Bong Joon-ho's 2013 movie, "Snowpiercer," it might feel familiar. Consider this moment when the film's main character, Curtis, discovers how the train he's riding keeps running: Wilford: The space only allows for a very small person. Narrator: Each protagonist observes mechanical operations that are revealed to be the result of a human being trapped in a small space, repeating the same action over and over. And if you look more closely, you'll see that this isn't the only image recycled from one movie to the other. Several of Bong's films employ the same visuals, sometimes the same shots, to ask the same conceptual questions. In fact, "Parasite" can be understood as a second, more perfect version of "Snowpiercer." One of the sharpest clues that the two films are linked is a dramatic panning shot used about 40 minutes into "Parasite": Ki-taek: [speaking Korean] Still, you love her, right? Narrator: Let's add some context. In this scene, Mr. Park, the head of the wealthy household at the center of the film, has a conversation with Ki-taek, who is working as his driver. When Ki-taek asks an intimate question about Mr. Park's life: Ki-taek: [speaking Korean]Still, you love her, right? Narrator: Mr. Park is taken aback, offended. As he states earlier in this same scene, in reference to his old housekeeper: Mr. Park: [speaking Korean] She always knew never to cross the line. I can't stand people who cross the line. Narrator: Bong positions the characters diagonally across from each other, cutting from one side of Mr. Park's face to the other side of Ki-taek's face. In contrast to more traditionally blocked films that feature conversations in vehicles in which two figures are shot from the same side, in Bong's setup, the 180-degree rule is broken. The two characters, divided narratively by economic and social status, are also quarantined visually by their opposite relationship with the camera, until: Ki-taek: [speaking Korean]Still, you love her, right? Narrator: When the camera pans, the two characters are finally brought together in the same cinematic space, emphasizing their transition from divided to close — Mr. Park's "line" has been crossed. Now let's look at the moment when Bong uses the same shot in "Snowpiercer." Curtis: Eighteen years I've waited for this moment. Narrator: If "Parasite" is a film about people trapped by lines of class hierarchy, "Snowpiercer" is a film that takes place entirely on a line. The film's premise is that, because of an environmental collapse that has left behind only frozen wasteland, the remaining humans must survive by riding a train that encircles the Earth forever. Each train car represents a different segment of society, from those living in luxury near the engine, to the resource-impoverished tail section. Curtis leads a linear revolt from the back of the train to the front. In this scene, another character refuses to help him break through the final gate to the engine room. Instead, he has a different plan. Namgoong Minsu: [speaking Korean]I want to open the gate… but not this gate. That one. Narrator: And that's when we get this shot. He wants to bomb open the side door, breaking the line of the train and walk perpendicularly out into the world. In both films, Bong's camera often pans in moments when characters first break across or sabotage systems of class hierarchy. He also pays close attention to architectural lines: "Parasite" is a very vertical film, while the world of "Snowpiercer," by design, is horizontal. Moon-gwang: [speaking Korean]Stop right there! Narrator: The second motif that binds the two films is the way that information takes on the physical appearance of guns and bullets. In "Parasite," Moon-gwang threatens to send the Park family a video recording that would expose the Kim family's scheme. She and her husband control the family physically with this object, wielding the truth like a gun. In "Snowpiercer," Curtis recieves vital messages rolled into bullet shape. These notes guide his bloody path through the hierarchy of the train by providing him pieces of information that place him one step ahead of the otherwise impenetrable armies that stand in his way. It's also Curtis's revelation that the guns forcing the tail-section residents to comply have no bullets that enables the first step of his revolution. Edgar: They've got no bullets! They've got no bullets! Narrator: By using imagery that turns information into deadly weapons, both films bring up the idea that psychological constraints are as powerful as physical ones. This idea is important to keep in mind as we turn back to the third motif that links the two films together. In both "Parasite" and "Snowpiercer," the protagonists realize that mechanical operations they've observed earlier in the film are sustained by hidden human parts. "Snowpiercer" wasn't the first time Bong used this type of imagery. In his 2006 movie, "The Host," the government turns the main character into a lab subject in order to contain panic about a virus outbreak. He is packaged, stamped, and poked like an object. Scientist in "The Host": The virus must be in here. It has got to be in here. Narrator: In many of Bong's films, protagonists struggle furiously to escape the unchecked capitalist or authoritarian systems that dehumanize them. In contrast, the victims in "Snowpiercer"'s engine are not shown to be physically restrained. Even as Curtis shouts at him to stop, one of the small boys crawls out of a container and walks zombie-like into the hungry engine. "Parasite" takes this a step further. Rather than a 5-year-old child intimidated into obedience by adults, an adult man sneaks into the basement and lives there, banging the light switch levers each day, by choice. Geun-sae: [speaking Korean]I just feel comfortable here. Narrator: It was economic hardship that led Geun-se to become a fugitive, but he reveres people who have financial and political power. Geun-sae: Respect! Narrator: Similarly, no matter how many times Ki-woo's plans fail or he observes wealthy people act in ways that are pathetic or grotesque, he clings to his dream of attaining what they have. Ki-woo: [speaking Korean]Da-hye. Do I fit in here? Narrator: In the final moments of "Parasite," we, as the audience, participate in his fantasy in a sequence just heart-breaking enough and long enough that we believe it's real. Throughout "Parasite," Ki-woo often repeats the phrase: Ki-woo: [speaking Korean]This is so metaphorical... It's so metaphorical... Wow, this is so metaphorical. Narrator: This increasingly empty and comical phrase pokes fun at the way people often use words not to express any actual meaning, but to indicate cultural status. But it can also be understood as a self-deprecating joke. Many of Bong's past films use otherworldly, science-fiction conceits as allegories for systemic social issues. "Parasite," on the other hand, is about something more visceral and more human: our tendency to react to social hierarchy not with resistance or compassion, but with desire and disgust. Read the original article on <a href="https://www.insider.com/how-parasite-snowpiercer-director-bong-joon-ho-recycles-moments-2020-4">Insider</a>

How 'Parasite' director Bong Joon-ho recycles moments from movie to movie

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>Some American textbooks are deliberately being vague about the reason southern states chose to secede because they don't want to offend school districts in the region and lose sales, sociologist <a href="http://www.washingtonpost.com/posteverything/wp/2015/07/01/why-do-people-believe-myths-about-the-confederacy-because-our-textbooks-and-monuments-are-wrong/?tid=trending_strip_1">James W. Loewen writes for the Washington Post</a>. For example, one of the best-selling US history textbooks, "The American Journey" states that although "Lincoln and the Republicans had promised not to disturb slavery where it existed," many people in the South didn't trust them and feared they would "not protect Southern rights and liberties," which lead to secession. Because of cloudy facts like this, Loewen, the author of "<a href="http://www.amazon.com/Lies-My-Teacher-Told-Everything/dp/0743296281">Lies My Teacher Told Me</a>" and "<a href="http://www.amazon.com/The-Confederate-Neo-Confederate-Reader-Great/product-reviews/1604732199">The Confederate and Neo-Confederate Reader</a>," claims the book avoids slavery as the main cause of the Civil War and cites the non-protection of Southern rights instead.The same textbook goes on to say that Southerners claimed leaving the Union was justified because "the national government" refused to enforce the Fugitive Slave Act - which stipulated that all escaped slaves were to be returned to their masters upon capture, even when captured by officials in free states - and thus, denied southern states equal rights.No southern state, however, brought formal charges against the federal government, according to the Loewen. These misconceptions have caused many people to falsely cite reasons other than slavery, such as economic reasons and states' rights, for the start of the Civil War. In fact, the test that immigrants who want to become US citizens must pass accepts all three as correct causes. Loewen, however, argues that slavery is the only correct answer. High tariffs and taxes in the south, often invoked as a reason for the war, weren't an issue at the time, Loewen claims. After <a href="http://www.washingtonpost.com/outlook/five-myths-about-why-the-south-seceded/2011/01/03/ABHr6jD_story.html">South Carolina demanded the right to nullify federal laws</a> because of taxes in the 1830s, president Andrew Jackson threatened the state with force. South Carolina soon backed down, and the tariffs weren't an issue again, according to Loewen. As for states' rights, Loewen claims that's not correct either: "Confederate states did claim the right to secede, but no state claimed to be seceding for that right. In fact, Confederates opposed states' rights - that is, the right of Northern states not to support slavery," he writes.<div class="KonaFilter image-container display-table"><div><div class="image on-image"></div></div></div>The impact of confederate symbols can still be seen today, according to Loewen - on the clothes of <a href="http://www.businessinsider.com/20-years-after-the-oklahoma-city-bombing-timothy-mcveigh-remains-the-only-terrorist-executed-by-us-2015-4">Timothy McVeigh</a>, who bombed the Murrah Building in Oklahoma City in 1995 or more recently, the images of <a href="http://www.businessinsider.com/2-people-think-they-have-found-dylann-roofs-website-2015-6">Dylann Roof</a>, who allegedly shot and killed nine people in a black church in South Carolina, waving a confederate flag. Loewen ends the piece by arguing that not accepting slavery as the pivotal reason for the Civil War "marginalizes African Americans and makes us all stupid." <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/fresh-vs-frozen-vegetables-veggies-health-freshness-nutrition-2015-6">Scientists have debunked a huge myth about frozen vegetables</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="l1djl4dTpoOcBudc37V7mpMbL3M5DMgB" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

You Searched For "Fugitive Economic Offenders Ordinance" and got 5 results

India’s Prime Minister Modi achieves symbolic victory by securing the G20 summit hosting gig in the country’s 75th year of independence

Dilsher Dhillon

SEBI wants to tag defaulters as "difficult to recover" where recovery is virtually impossible

PTI

How 'Parasite' director Bong Joon-ho recycles moments from movie to movie

Hailey Gavin,Emily Park

Author of 'Lies My Teacher Told Me' claims American textbooks have been lying about the Civil War

Barbara Tasch

Full text of President Ram Nath Kovind's first address to the Parliament as the 17th Lok Sabha gets underway

BI India Bureau