News Updates[Manipur HC] Advocates & Litigants Advised To Avoid Entering HC Premises Till October 5; Justice LS Jamir Under ‘Self Isolation Sparsh Upadhyay27 Sep 2020 6:25 AMShare This – xThe High Court of Manipur on Saturday (26th September) issued a notification informing all members of the Bar and litigants that some parts of the Court premises are closed for further sanitization.Further, the Advocates and litigants have been advised to avoid entering the premises till Monday (05th October), 2020.This has been done in order to contain the further spread of Covid-19 in the…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 High Court of Manipur on Saturday (26th September) issued a notification informing all members of the Bar and litigants that some parts of the Court premises are closed for further sanitization.Further, the Advocates and litigants have been advised to avoid entering the premises till Monday (05th October), 2020.This has been done in order to contain the further spread of Covid-19 in the Court premises and as per the advice of the Chief Medical Officer, Imphal East.It has been further informed that the court proceedings will be done through Video Conferencing.The Notification further states,”Any Advocate or party, if he/she needs to enter the Court premises in case of real necessity, will be required to produce COVID-l9 negative test report issued by a competent authority, The test certificate should have been issued within the last fifteen days.”In the meanwhile, the Notification clarifies, filing of fresh matters will be accepted through e-mail at [email protected] in terms of Notification no. 79 (dated 22.08.2020) and taken up for hearing through Video Conferencing. The Advocates have been asked to link from their home office to the Video Conferencing Court.The Notification also states,”After report of few Covid-19 positive cases on 16/l7.09.2020, more number of Covid-19 cases are reported after the test conducted in the High Court premises on 17.09.2020 in relation to officers and staff. Some more results are awaited. Advocates who were physically present in Court during this period were also informed by the Registry to get tested and self-quarantine themselves. The Advocates who attended Court in person during this period are yet to furnish the test report so as to screen others, if any, who were in contact with them. This will be necessary in case of COVID-l9 positive cases.”On and after 05.10.2020, a new notification will be issued after assessing the situation, concludes the notification.Notification regarding Justice Lanusungkum Jamir being in self-isolationApart from the aforesaid notification, another notification has been issued by the High Court informing that Justice Lanusungkum Jamir is under self-isolation for medical reason and as advised by the Chief Medical Officer, Imphal East, Manipur, he will not be holding Court.”The Registry will notify all concerned as and when his Lordship is able to resume Court sittings after clearance by the Chief Medical Officer, Imphal East, Manipur”, reads the Notification.It may be noted that the High Court of Manipur on Thursday (17th September) suspended the normal functioning/sitting of the Court till 21st September in view of the detection of a COVID case within the High Court premises.The Registrar of the High Court had mentioned in the Notification issued on Thursday (17th September) that no cause list will be published for the said period (till September 21st).Further, on 21st September, in view of the direction issued by the CMO, Imphal East, Govt. of Manipur, the request made by the High Court Bar Association and High Court Employees’ Association, and pending the declaration of the results of COVID-19 test in respect of some of the officials/staff of the High Court and in the interest of all concerned and to contain the spread of COVID-19, it was informed to all the concerned that Regular Court proceedings of the High Court would be suspended till Friday, the 25 September 2020Click Here To Download Notification[Read Notification]Click Here To Download Notification[Read Notification]Next Story
News UpdatesJammu & Kashmir High Court Issues Notice On Plea Challenging Maximum Preventive Detention Period Under Public Safety Act LIVELAW NEWS NETWORK22 Feb 2021 11:43 PMShare This – xThe Jammu and Kashmir High Court has issued notice to the UT administration on a PIL challenging the constitutional validity of Section 18 of the Public Safety Act, 1978. The provision prescribes that a person, acting in a manner prejudicial to the maintenance of public order, may be detained under the Act for a maximum period of twelve months and a person, acting in a…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 issued notice to the UT administration on a PIL challenging the constitutional validity of Section 18 of the Public Safety Act, 1978. The provision prescribes that a person, acting in a manner prejudicial to the maintenance of public order, may be detained under the Act for a maximum period of twelve months and a person, acting in a manner prejudicial to the security of the State may be detained under the Act for a maximum period of two years. A Division Bench comprising of Justices Dhiraj Singh Thakur and Javed Iqbal Wani issued notice on the petition after hearing Zulker Nain Sheikh & Associates on behalf of Petitioner-Advocate Mustafa MH. In his plea, Mustafa has contended that the impugned provision is violative of Article 22 (7) of the Constitution of India, which provides that the maximum period of preventive detention shall not exceed three months, without obtaining the opinion of an Advisory Board. Article 22(7) further states that Parliament may by law prescribe the maximum period for which any person may in any class or classes of cases be detained under any law providing for preventive detention. It is the case of the Petitioner that until 5th August 2019, Jammu and Kashmir enjoyed a special status and Article 35C of the Constitution exempted its Preventive Detention Act from the operation of the Fundamental Rights. However, ever since abrogation of Article 370 with the passing of the J&K Reorganization Act, 2019, many laws of the Centre including Article 22 (7) of the Constitution have been made applicable to Jammu and Kashmir. The plea states, “since the special status of Jammu and Kashmir has been done away with and Article 370 has been suspended the residuary powers of the state of Jammu and Kashmir with respect to the preventive detention laws will also no longer remain the same. Entry 9 of the Union List and Entry 3 of the Concurrent List of the Constitution of India shall now be applicable to the state of Jammu and Kashmir. Therefore Section 18 of the Public Safety Act of 1978 which was earlier saved from the applicability of Article 22 (7) will no longer remain the same and due to the applicability of Article 22 (7) now to the Union Territory of Jammu and Kashmir, Section 18 of the Jammu and Kashmir Public Safety Act shall be violative of Article 22 of the Constitution of India.” The Petitioner further pointed out that the National Security Act of 1980, which prescribes a maximum detention period of one year (as opposed to two years in J&K PSA) has also been made applicable to Jammu and Kashmir and hence, there is a direct conflict between the two Acts. The plea states, “since the “maximum” Punishment for the Preventive Detention as per Article 22 (7) of the Constitution shall be decided by the Parliament and since further the National Security Act of 1980 is the law made by the Parliament, the maximum punishment as decided by the National Security Act should be taken as the position with regard to the Maximum Punishment in Preventive Detention. And therefore Section 18 of the Jammu and Kashmir Public Safety Act 1978 which prescribes a maximum punishment of two years as opposed to one year under the National Security Act, Section 18 is violative of Article 22 (7) of the Constitution of India and hence need to be struck down.” The Petitioner has therefore urged the High Court to declare Section 18 of the Public Safety Act as null and void, inoperative being ultra vires to the Constitution of India and in violation of Article 22 (7) of the Constitution.Next Story
Top StoriesBreaking- Give Three Days Prior Notice To Arnab Goswami Before Taking Any Coercive Action Him In TRP Scam: Bombay High Court To Mumbai Police Sharmeen Hakim24 March 2021 12:01 AMShare This – xThe Bombay High Court on Wednesday admitted Republic TV and Arnab Goswami’s petition challenging Mumbai police’s investigation in the Television Rating Points scam, and granted Goswami protection from arrest.A division bench of Justices SS Shinde and Manish Pitale directed the police to give Goswami an advance notice of three days in case they decide to take any coercive action against him…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 Bombay High Court on Wednesday admitted Republic TV and Arnab Goswami’s petition challenging Mumbai police’s investigation in the Television Rating Points scam, and granted Goswami protection from arrest.A division bench of Justices SS Shinde and Manish Pitale directed the police to give Goswami an advance notice of three days in case they decide to take any coercive action against him during the course of investigation. Goswami will be at liberty to approach the court against such notice. “Serious malafides have been alleged by the petitioner (Arnab Goswami), ” the bench observed. During the hearing Chief Public Prosecutor Deepak Thakare for the Mumbai Police informed the court that they will complete the investigation, qua the petitioners, within 12 weeks. The court has granted the Mumbai Police time to investigate the other channels. The bench said that in light of Bhajan Lal’s case, the investigation can continue. “Investigation is the exclusive purview of the investigating agency, investigation will not be interfered with by court at this stage.”The court admitted the petition and framed the following questions to be decided. Case adjourned to June 28.1. Whether the prayers made for quashing of FIR can be entertained in the absence of the petitioners being arraigned as accused.2. In the absence of the petitioners being made as accused in respect of the FIR, whether the petition can be entertained for transfer of investigation to the CBI and direction not to take any coercive steps against the pet as also their employees and agents.3. Whether the respondents (Mumbai Police) can be permitted to keep the sword of an investigation hanging over the heads of petitioner for indefinite period without them being arraigned as accused.4. Whether the Investigating officer can continue the investigation by invoking the widely worded clause of “suspect”5. Whether the prayers in the Writ Petition can be entertained only on the grounds of serious malafides against the petitioners when they are admittedly not accused in the FIR.Click here to download the OrderSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Story
Previous Article Next Article Exposure to high levels of noise and increased back pain are highlighted ina working conditions studyMore and more workers are being exposed to physical hazards in theworkplace, musculo-skeletal disorders and fatigue because of the intensity oftheir work, according to a study of European working conditions. The European Foundation For the Improvement of Living and Working Conditionspolled a total of 21,703 workers. It follows similar studies in 1990 and 1995. While fewer workers are being exposed to cold or vapours and fumes, exposureto high-level noise has increased and more workers are carrying heavy loads orworking in painful positions. Blue-collar workers are exposed to the largest number of risk factors, withpeople in sales and service jobs suffering most from painful working positions.Plant operators, craft workers and technicians were carrying more heavy loadsand working in noisier environments. More than half (56 per cent) of respondents in the survey claim to beworking at very high speed for at least a quarter of their time, with 24 percent saying they do so for all or almost all of the time. A total of 27 per cent of those polled believe their health and safety is atrisk because of their working conditions. Workers in the construction sector feel most at risk, followed byagriculture and transport. When it comes to backache, 34 per cent say they are affected, with thebiggest increases among professionals (up from 18 per cent to 24 per cent) andtechnicians. A quarter report neck and shoulder pains, with blue collar and agriculturalworkers being most susceptible. A total of 6 per cent of respondents say they have been absent due tooccupational accidents while 9 per cent report absences because of OH problems.The report covers the 12 months up to March 2000. www.eurofound.ie Work intensity to blame for Europe’s health problemsOn 1 Jan 2002 in Personnel Today Comments are closed. Related posts:No related photos.
The fishery for Antarctic krill is currently managed using a precautionary, ecosystem-based approach to limiting catch, with performance indices from a long-term monitoring program focused on several krill-dependent predators that are used to track ecosystem health. Concerns over increased fishing in concentrated areas and ongoing efforts to establish a Marine Protected Area along the Peninsula, a key fishing region, is driving the development of an adaptive management system for the fishery. The cumulative effects of fishing effort and interactions among krill-dependent predators and their performance is at present neglected in the CCAMLR Ecosystem Monitoring Program. However, we show considerable overlap between male Antarctic fur seals and the krill fishery in a complex mosaic, suggesting potential for cumulative impacts on other krill dependent predators. A holistic view is required as part of future efforts to manage the krill fishery that incorporates various sources of potential impacts on the performance of bioindicator species, including the fishery and its interactions with various krill dependent predators. © 2020, The Author(s).
Brad James FacebookTwitterLinkedInEmailBoys BasketballRegion 20 TournamentMONROE, Utah-Treyson Roberts netted 23 points and the Bryce Valley Mustangs gashed Piute 74-69 Friday at the Region 20 Tournament at South Sevier High School. The Mustangs next face Panguitch Saturday at 7:00 pm for the Region 20 Tournament title. Kelby Jessen had 18 points for the Thunderbirds in the loss.MONROE, Utah-Ryker Hatch posted 29 points and the Panguitch Bobcats bested Valley 50-42 at South Sevier High School at the Region 20 Tournament Friday. Conner Chamberlain’s 15 points led the Buffaloes in defeat.Girls Basketball3-A Second RoundPRICE, Utah-Kassidy Alder posted 12 points as the Manti Templars outlasted Delta 35-31 in the 3-A second round of the girls basketball state playoffs Friday at USU-Eastern Utah. Taylor Chidester added 7 points and 5 rebounds on 2-3 shooting for the Templars. Jordyn Nielson and Quincee Allred had 7 points apiece for the Rabbits in defeat. Manti next faces South Sevier Thursday at 5:50 pm in the 3-A state quarterfinals at Salt Lake Community College in Taylorsville.PRICE, Utah-Jarica Steck netted 22 points as the Richfield Wildcats hammered Juab 57-39 in the second round of the 3-A girls basketball state playoffs at USU-Eastern Utah Friday. Megan Robins’ 12 points led the Wasps in the loss. Richfield next faces Carbon Thursday at 5:50 pm at Salt Lake Community College in Taylorsville in the 3-A state quarterfinals.PRICE, Utah-Kenzie Jones posted 19 points as the South Sevier Rams pummeled Providence Hall 52-25 Friday in the second round of the 3-A girls basketball state playoffs at USU-Eastern Utah. Sehidi Bustillos had 6 points in the loss for the Patriots.2-A Second RoundEPHRAIM, Utah-Brinley Cornell posted 17 points and Kanab downed Beaver 52-42 Friday at Snow College in the second round of the 2-A state girls playoffs. Avery Brown’s 15 points led the Beavers in defeat. Kanab next draws Duchesne at 4:10 pm in the 2-A state quarterfinals at the Sevier Valley Center Thursday.EPHRAIM, Utah-Rylee Miller netted 16 points as the Millard Eagles hammered Gunnison Valley 60-43 in the second round of the 2-A state girls playoffs Friday at Snow College. Kennedi Knudsen had 15 points for the Bulldogs in the loss. Millard next faces North Sevier Thursday in the 2-A state quaterfias at 7:30 pm at the Sevier Valley Center.EPHRAIM, Utah-Brinley Mason led the way with 18 points as the North Sevier Wolves gashed Rowland Hall 46-32 at Snow College Friday in the second round of the 2-A state girls playoffs. Sophie Stinnett had 19 points in the loss for the Winged Lions.EPHRAIM, Utah-Debora Reis netted 21 points as the Wasatch Academy Tigers blasted Parowan 55-37 Friday at Snow College in the second round of the 2-A state girls playoffs. Brooklyn Pace led the Rams in defeat with 17 points. Wasatch Academy next faces Draper APA Thursday at 9:10 pm at the Sevier Valley Center in the 2-A state quarterfinals.Region 20 TournamentMONROE, Utah-Mataya Barney stepped up with 18 points and the Panguitch Bobcats drilled Escalante 43-32 in the Region 20 tournament Friday at South Sevier High School in the consolation bracket. Kenzie Lyman had 17 points in the loss for the Moquis. Written by Tags: Roundup February 14, 2020 /Sports News – Local Prep Sports Roundup: 2/14
Lt. Cmdr. Kevin Kreutz, front, and Lt. Christopher Prue, shooters aboard the Nimitz-class aircraft carrier USS George Washington (CVN 73), give the signal to launch an E-2C Hawkeye from the Liberty Bells of Airborne Early Warning Squadron (VAW) 115 from the ship’s flight deck.George Washington and its embarked air wing, Carrier Air Wing (CVW) 5, provide a combat-ready force that protects and defends the collective maritime interests of the U.S. and its allies and partners in the Indo-Asia-Pacific region.Press release, Image: U.S. Navy photo by Mass Communication Specialist 3rd Class Chris Cavagnaro View post tag: americas Share this article October 29, 2014 Image of the Day: E-2C Hawkeye Launching View post tag: E-2C Back to overview,Home naval-today Image of the Day: E-2C Hawkeye Launching View post tag: USS George Washington Authorities View post tag: Hawkeye View post tag: Naval View post tag: News by topic View post tag: launching View post tag: Image of the Day View post tag: Navy
A new book out this week: Fifty Facts That Should Change the World by Jessica Williams, charts a series of horrifying statistics that gives one a rather depressing insight into the global psyche. It reveals people en masse to be ignorant and superficial and the world in which we live to have its priorities desperately out of whack. A selection of these facts is a sobering read indeed. Brazil has more Avon ladies than members of its armed services. I wasn’t quite sure how to feel about this one. On the one hand the superficiality this attests to is significantly disgusting, especially given the level of poverty in Brazil. It is after all one of the nations with the biggest discrepancies between rich and poor in the world. On the other hand a nation less obsessed with military prowess than Bush can’t be a bad thing. I’d be highly surprised if America’s defense budget wasn’t significantly higher than the money it invests in health and education. There are 67,000 people employed in the lobbying industry in Washington DC – 125 for each elected member of Congress. This further attests to the level of corruption in American politics, where lobbying plays a stronger role in the US than in any other ‘free’ country in the world. With lobbyists influencing the stances taken by politicians it is hardly surprising that America’s priorities are so twisted. As Michael Moore ( Dude, Where’s My Country) will tell you, Bush knew of the threats posed to the US by terrorist sections in Saudi Arabia, he just never delved into it too deeply because of the importance of oil to the American market. Even the Clinton presidency had strong ties with the Bin Laden family. In American politics money certainly comes before ethics. Hardly surprising in a place where Bush became president through the faults of a fouled-up electoral system and a corrupted means of resolution. Every cow in the EU is subsidised by $2.50 a day: a higher income than that of 75% of Africans. Shocking as this statistic is, it isn’t the most extreme example of cows (or rather farmers) being put before people. According to the World Bank, Japanese cows receive a whopping $7.50 every day. The Catholic aid agency Cafod calculates that for the money the EU spends protecting its farmers, each of the EU’s 21 million cows could go on a round-the-world trip once a year. I think the majority of starving Africans would settle for clean water and a sturdy meal. More people can identify the golden arches of McDonald’s than the Christian cross. This shocker was garnered from a survey of 7,000 people in six different countries. 88% recognised the arches while only 54% correctly identified the cross. I’m not so bothered about what this says about levels of religiosity: for one thing there are more Hindus and Muslims in the world than Christians. For another, people strangely seem to find it rather difficult to reconcile the teachings of love and acceptance with their desire to kill others who don’t share their religious views. However it further testifies to the astonishing level of ignorance among the masses. And, more terrifyingly, their susceptibility to advertising. If Ronald McDonald came on TV and suggested that vegetarians were evil and flouting the sacred Maccy D’s laws that demand maximum consumption of dubious meat burgers then no doubt a mass genocide of the veggie-eaters would swiftly follow. After twenty minutes soaked in these depressing numbers I was readily prepared for the most shocking of all: more people voted in the Pop Idol contest between Gareth Gates and Will Young than voted in the last general election. To be precise: fewer than 26 million attempted to effect the future of their country, while over 32 million attempted to effect the future of Top of the Pops. The very lamentable fact of the nation’s interest in two talentless youngsters strangely makes their politcal apathy less lamentable. This may be a slightly controversial point to make, since it is essentially un-democratic, but I for one am glad that voting isn’t somehow enforced. Politicians (those few of an idealistic bent) complain that people are too apathetic. They mourn that a quick shower of rain stops people coming to the polls. But such commentators don’t stop to think that perhaps needing to put a little effort into the voting process is something of a good thing. Imagine if we could vote online, or through our digital-cable boxes, or in a telephone poll. I can see it now: a Saturday night on ITV, Ant and Dec presenting, Blair and the Tory opponent of the week sitting across from each other in hot seats, Celine Dion belting out of few numbers to keep us amused: place your votes please! It’d be a bloody nightmare. If most of the nation bothered to vote, Will Young would currently be residing at No 10. Perhaps that’s a little harsh; surely people wouldn’t apply the same criteria to a pop contest that they would to a political one? Maybe not. But what criteria would they apply? Given the level of knowledge of the vast majority of the population possess, it is as likely that they’d be voting on the colour of Tony Blair’s tie as much as his stance on Europe. Anyone trivial enough to vote in a pop contest should have their name taken off the electoral roll. If this book shows us anything it’s that most people do not have enough knowledge or interest in their country – let alone the wider world – to qualify for a say in how it should be run. What Britain needs is a good, old-fashioned dictatorship. Someone get Ronald McDonald on the phone. No wait, we don’t need him. Let’s not forget our problems closer to home when we point out everybody else’s: we already have Mr Blair.ARCHIVE: 1st week TT 2004
Suppose you want to track climate over the past century. That’s easy enough to accomplish with existing records — but what if you want to go back 500 years? What about 1,000 years? What if you want to go back even further?That’s where Harvard historian Michael McCormick comes in.McCormick, the Francis Goelet Professor of Medieval History and chair of the Initiative for the Science of the Human Past at Harvard, will lead a project aimed at constructing the most detailed historical record yet of European climate.“Until now, researchers — including myself — have been analyzing climate signals from ice cores in Greenland and trying to deduce what the impacts are for Europe and the Middle East,” McCormick said. “This project is a game changer in that respect, because we will now have signals right from the heart of Europe. For climate scientists, it should shed wonderful new light on climate conditions in historical Europe, and it should also allow us to calibrate what we find in Greenland.”McCormick expects the project to provide valuable insight into the sway climate held over ancient societies.“In recent years, historians have become increasingly aware of two things. The first is the power of material evidence — including scientific evidence — beyond the written sources we’ve traditionally worked with since the 18th and 19th centuries. The second is that … exogenous factors, such as environment, also play a role in the development of human societies.”McCormick cited a 2007 study he co-authored that identified a link between a volcanic eruption in 763 and an unusually harsh winter across Europe, resulting in widespread crop failures.“Every year through 763, Charlemagne’s father had been invading southern France, trying to conquer it,” McCormick said. “But in 764, there was no expedition. We now know why: There was no food. That’s a very clear-cut example of how this type of climate data can be useful for historians.”The new project is supported by a $525,000 grant from the London-based Arcadia Fund. It will stretch over three years as McCormick and colleagues analyze a new ice core collected from the Colle Gnifetti glacier near the Swiss-Italian border.By including climate scientists such as Paul Mayewski, director of the Climate Change Institute at the University of Maine, and Dietmar Wagenbach of the University of Heidelberg, Germany, the initiative marks the first time researchers from both disciplines have come together to investigate a single ice core.As scientists in Maine, Heidelberg, and elsewhere focus on analyzing the core, researchers at Harvard will comb through historical sources with the goal of creating a database of written records that address Europe’s climate from 1500 back to about 800. Together the international team will integrate the historical and scientific evidence.“This is the first time historians and climate scientists have put their heads together and come up with a set of questions for a specific ice core,” McCormick said.For answers, researchers will turn to what is perhaps the most advanced instrument ever developed for ice core analysis.When researchers first began studying ice cores in the 1980s, they could obtain only three or four readings for every meter of ice. Twenty year later, improvements in technology meant scientists could obtain as many as 100 measurements per meter.“That’s fine if you’re working in some place where large amounts of snow and ice build up each year,” McCormick said. “But at this site in Switzerland, where the amounts are much smaller and the deep ice is highly compressed, if you analyze it at that level you might capture a decade, or even a century in a centimeter. What you end up with is a very blurry signal.”The new technique — a laser-based sampling technology that can chip tiny amounts of the core and analyze the results — was developed by the Climate Change Institute’s W.M. Keck Laser Ice Facility. It represents a quantum leap. Researchers expect to obtain as many as 50,000 sample levels per meter.“In early tests that looked at the 15th or 16th centuries, we were able to get signals that clearly appear to be seasonal,” McCormick said. “Ultimately, we’re fairly confident we’ll be able to go as far back as the first millennium, or perhaps even further. That’s what we’re aiming for.”
20SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Mark Hein As CEO for SWBC’s Financial Institution Group, Mark Hein manages the day-to-day operations and sets the strategic direction for the division. He is committed to continuous product training, increasing … Web: www.swbc.com Details It’s no secret that auto loan competition is steep; we talk about this often because we realize how important auto lending is to so many of our clients. With the number of financial institutions, ‘buy here, pay here’ car lots, insurance companies, and online retailers, credit unions are often forced to find creative ways to keep their current borrowers and attract new ones. Often times, this comes in the form of lower rates. And when rates continue to drop, not only does it become more difficult to compete for the pool of borrowers, but returns shrink on the loans that are closed, causing a decrease in interest income and revenue. In fact, according to the 2014 NADA Data report, in 2014, auto dealers sold 16.43 million units, but only experienced a profit margin of 2.2%.What’s the Driving Force Behind Declining Rates?As mentioned above, the increase in competition has driven rates down, but there are several other factors in the rate decline. Consumers have gotten more savvy, and now have online resources such as Edmunds.com and Autotrader.com that arm them with information such as invoice prices and comparable pricing for vehicles in their region so that they can negotiate for the price and rate that they want. In addition, consumers aren’t afraid to shop around to find the deal they want.Alternative Ways to Boost Revenue With auto interest income being a key business component, and the market simply not being conducive to it at the moment, credit unions have to find alternative ways to generate income while still serving their members. Point of sale and insurance products go hand-in-hand. Think of it this way: would you buy ice cream at one store and then drive across town to another store to buy cones? Probably not, so why make your members do this when it comes to purchasing valuable vehicle protection products?Vehicle protection products can sometimes have a bad reputation, particularly in the dealership F&I office where the price is marked up significantly, up to $800 for a GAP policy according to Edmunds. The fact of the matter is, a GAP policy can be critical in protecting your borrowers from the inevitable depreciation that accompanies automobile ownership, particularly those borrowers with low or no down payment. And when purchased from you, they can get a much more competitive price on the policy, making your auto loan more valuable, and ultimately building trust and loyalty with your members.Like most forms of insurance, you don’t realize how important it is until you have to use it. If your borrower gets into an accident, the last thing they want to add to the stress and worry of the situation is the frustration and disappointment of learning they still owe money on a vehicle that they can no longer drive. Vehicle protection policies can help prevent this, and in some cases, put your borrower back into a vehicle, financed by you.As you protect your members’ vehicle investment, you will inevitably boost revenue, helping to fill the gap of the interest income lost to shrinking margins. GAP with PowerBuy™ can give you the ability to provide your members with a vehicle protection product that can not only pay off the balance of their auto loan in the event of a total loss, but also give them funds to finance their next vehicle with you.Click here to learn more.