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Iran said on Sunday that it would hold nuclear talks in the coming days with the three European countries that initiated a censure resolution against it adopted by the UN's atomic watchdog. Foreign ministry spokesman Esmaeil Baghaei said the meeting of the deputy foreign ministers of Iran, France, Germany and the United Kingdom would take place on Friday, without specifying a venue. "A range of regional and international issues and topics, including the issues of Palestine and Lebanon, as well as the nuclear issue, will be discussed," the spokesman said in a foreign ministry statement. Baghaei described the upcoming meeting as a continuation of talks held with the countries in September on the sidelines of the annual session of the United Nations General Assembly in New York. On Thursday, the 35-nation board of governors of the UN's International Atomic Energy Agency (IAEA) adopted a resolution denouncing Iran for what it called a lack of cooperation. The move came as tensions ran high over Iran's atomic programme, which critics fear is aimed at developing a nuclear weapon -- something Tehran has repeatedly denied. In response to the resolution, Iran announced it was launching a "series of new and advanced centrifuges". Centrifuges enrich uranium transformed into gas by rotating it at very high speed, increasing the proportion of fissile isotope material (U-235). "We will substantially increase the enrichment capacity with the utilisation of different types of advanced machines," Behrouz Kamalvandi, Iran's atomic energy organisation spokesman, told state TV. The country, however, also said it planned to continue its "technical and safeguards cooperation with the IAEA". During a recent visit to Tehran by IAEA head Rafael Grossi, Iran agreed to the agency's demand to cap its sensitive stock of near weapons-grade uranium enriched up to 60 percent purity. - 'Doubts and ambiguities' - Iranian President Masoud Pezeshkian, in power since July and a supporter of dialogue with Western countries, has said he wants to remove "doubts and ambiguities" about his country's nuclear programme. In 2015, Iran and world powers reached an agreement that saw the easing of international sanctions on Tehran in exchange for curbs on its nuclear programme. But the United States unilaterally withdrew from the accord in 2018 under then-president Donald Trump and reimposed biting economic sanctions, which prompted Iran to begin rolling back on its own commitments. On Sunday afternoon, the United Kingdom confirmed the upcoming meeting between Iran and the three European countries. "We remain committed to taking every diplomatic step to prevent Iran from developing nuclear weapons, including through snapback if necessary," London's Foreign Office said. The 2015 deal contains a "snapback" mechanism that can be triggered in case of "significant non-performance" of commitments by Iran, allowing many sanctions to be reimposed. Ali Vaez, an Iran expert with the International Crisis Group think tank, told AFP that Friday's meeting was set to happen earlier, but "those plans were derailed as a result of Iran-Israel tensions" over the Gaza war. Though the parties will be meeting "without knowing what the incoming Trump administration wants to do", Vaez said that "after a lose-lose cycle of mutual escalation, now both sides are back to realising that engagement might be the least costly option." Tehran has since 2021 decreased its cooperation with the IAEA by deactivating surveillance devices monitoring the nuclear programme and barring UN inspectors. At the same time, it has increased its stockpiles of enriched uranium and the level of enrichment to 60 percent. That level is close, according to the IAEA, to the 90 percent-plus threshold required for a nuclear warhead, and substantially higher than the 3.67 percent limit it agreed to in 2015. pdm/smw/ami Originally published as Iran says will hold nuclear talks with France, Germany, UK on Friday Breaking News Don't miss out on the headlines from Breaking News. Followed categories will be added to My News. More related stories Breaking News Left-wing candidate Orsi wins Uruguay presidential election Left-wing candidate Orsi wins Uruguay presidential election Read more Breaking News Petrol industry embraces plastics while navigating energy shift Petrol industry embraces plastics while navigating energy shift Read more
Here's a roundup of five significant proposals that promise to have a lasting impact: 5 developments that could shape County Durham and Darlington 1. Darlington Leisure Complex with Football, Tennis, and Padel Courts (Image: Ward and Sons Holdings Ltd) Plans for a state-of-the-art leisure complex in Darlington have been unveiled, featuring facilities such as football pitches, tennis courts, and padel courts—a first for the area. The development aims to provide a hub for sports and recreation, catering to families, athletes, and enthusiasts alike. With a focus on modern amenities, this facility is set to boost Darlington's profile as a destination for sport and leisure. 2. Hundreds of Homes Planned Next to Seaham Garden Village A further 149 homes could be built next to a major housing scheme in County Durham. (Image: Bellway Homes) In Seaham, a proposal for hundreds of new homes adjacent to the thriving Garden Village has been submitted. The development promises to expand the area's housing stock, with designs that aim to integrate seamlessly with the existing community. With Seaham's reputation as a picturesque coastal town, the project could attract both new residents and further investment. 3. 475 Homes Approved in Darlington’s Coniscliffe Area Despite Concerns Plans for hundreds of new homes in Darlington have taken a step forward after further details about the large-scale scheme were approved. (Image: ELG Planning) Despite reservations about the impact on infrastructure, the approval of 475 new homes in Coniscliffe is set to address Darlington's growing demand for housing. Concerns over road safety and pressure on local services were raised, but the project has been greenlit with promises of measures to mitigate these issues. This development underscores the area's ongoing residential expansion. Recommended reading: Get more content including the stories that matter to your community from The Northern Echo . 4. Rockliffe Hall Reveals Grand Renovation Plans The Rockliffe Hall grounds (Image: ROCKLIFFE HALL) The prestigious Rockliffe Hall near Darlington has announced renovation plans to enhance its luxury offerings. These updates include improvements to guest facilities, bolstering the venue’s reputation as one of the North East's premier destinations for relaxation and leisure. The renovations aim to attract even more visitors to this already iconic location. 5. Phase Two of Bishop Auckland Retail Park in the Works A petrol station and EV chargers are included in the plans. (Image: ELG PLANNING) It is thought the project could bring a further 300 jobs to the County Durham town. Plans for the second phase of Bishop Auckland Retail Park have been unveiled, signalling further growth in the area's shopping and retail opportunities. The expansion is expected to include new stores and amenities, creating additional jobs and boosting the local economy. This development highlights Bishop Auckland's potential as a retail destination for residents and visitors.
Satellite Images Reveal North Korea Reportedly Receiving Illicit Oil from RussiaNorthwest Wealth Management LLC increased its stake in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,631 shares of the computer hardware maker’s stock after purchasing an additional 246 shares during the period. NVIDIA makes up approximately 0.9% of Northwest Wealth Management LLC’s investment portfolio, making the stock its 27th largest holding. Northwest Wealth Management LLC’s holdings in NVIDIA were worth $3,963,000 as of its most recent SEC filing. Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lantz Financial LLC increased its holdings in shares of NVIDIA by 833.1% in the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after purchasing an additional 36,774 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its holdings in NVIDIA by 867.8% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 133,136 shares of the computer hardware maker’s stock valued at $16,448,000 after buying an additional 119,379 shares during the period. 180 Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 836.3% in the 2nd quarter. 180 Wealth Advisors LLC now owns 184,562 shares of the computer hardware maker’s stock valued at $23,513,000 after purchasing an additional 164,851 shares in the last quarter. Arlington Financial Advisors LLC acquired a new position in NVIDIA during the second quarter worth about $236,000. Finally, Northcape Capital Pty Ltd increased its position in NVIDIA by 833.9% during the 2nd quarter. Northcape Capital Pty Ltd now owns 55,127 shares of the computer hardware maker’s stock worth $6,810,000 after purchasing an additional 49,224 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock. Insider Activity In related news, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here . Over the last three months, insiders have sold 1,351,886 shares of company stock valued at $176,825,650. 4.23% of the stock is currently owned by insiders. Wall Street Analyst Weigh In View Our Latest Stock Analysis on NVIDIA NVIDIA Trading Down 2.1 % Shares of NVIDIA stock opened at $137.01 on Friday. NVIDIA Co. has a 1 year low of $47.32 and a 1 year high of $152.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market cap of $3.36 trillion, a PE ratio of 53.92, a PEG ratio of 2.43 and a beta of 1.64. The company has a 50 day simple moving average of $139.97 and a two-hundred day simple moving average of $127.90. NVIDIA ( NASDAQ:NVDA – Get Free Report ) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. Analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year. NVIDIA Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s payout ratio is 1.57%. NVIDIA Company Profile ( Free Report ) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications. Read More Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. ( NASDAQ:NVDA – Free Report ). Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter .
Up 40% in 2024, why I'd still buy the Global X Fang+ ETF (FANG)PHILADELPHIA (AP) — Jamal Mashburn Jr. scored 18 points as Temple beat Buffalo 91-71 on Sunday. Read this article for free: Already have an account? To continue reading, please subscribe: * PHILADELPHIA (AP) — Jamal Mashburn Jr. scored 18 points as Temple beat Buffalo 91-71 on Sunday. Read unlimited articles for free today: Already have an account? PHILADELPHIA (AP) — Jamal Mashburn Jr. scored 18 points as Temple beat Buffalo 91-71 on Sunday. Mashburn shot 6 for 10 (3 for 6 from 3-point range) and 3 of 4 from the free-throw line for the Owls (8-5). Zion Stanford scored 15 points while going 4 of 9 and 6 of 7 from the free-throw line. Quante Berry had 15 points and shot 7 of 8 from the field and 0 for 4 from the foul line. The Bulls (5-7) were led by Tyson Dunn, who posted 11 points and four assists. Anquan Boldin Jr. added 11 points and three steals for Buffalo. Noah Batchelor also had nine points and six rebounds. Temple took the lead with 5:38 remaining in the first half and never looked back. The score was 39-29 at halftime, with Shane Dezonie racking up seven points. Temple outscored Buffalo in the second half by 10 points, with Mashburn scoring a team-high 13 points after intermission. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar. Advertisement
Atlanta United ’s Cinderella playoff run came to an end on Sunday in Orlando. The hosts walked away with a hard-fought 1-0 win to advance to the Eastern Conference final. Orlando City will face the New York Red Bulls in Orlando next Saturday. Orlando City scored in the 39th after center forward Ramiro Enrique pounced on a deflected ball inside Atlanta United’s penalty area. Enrique’s lunging shot beat Atlanta goalkeeper Brad Guzan from close range. Atlanta had spells of possession and even carried much of the momentum early in the second half. RAMIRO WITH THE SLIDING FINISH 🛝 pic.twitter.com/9L7fNfoW7n — Orlando City SC (@OrlandoCitySC) November 24, 2024 However, injuries to both of Atlanta’s strikers were challenges that interim manager Rob Valentino had to navigate. Jamal Thiaré exited the match in the 43rd minute with an apparent leg injury. His replacement, Daniel Ríos , was forced off the pitch after a head injury at the start of the second half. Valentino again tinkered with his tactics, moving winger Saba Lobzhanidze to a false 9 role. The chances for Atlanta increased, but Orlando stood firm in their defensive formation. Atlanta ended the match without a single shot on target. Advertisement For Orlando, the opportunity to earn their first-ever MLS Cup berth is now on the line. They had never qualified for a conference final until Saturday. Óscar Pareja’s side have at times looked the part of a contender. Inconsistent play and underwhelming outing have also been a characteristic of this Orlando team. Against Atlanta, Orlando put in a brave performance, securing a 1-0 win when history was not on their side. Atlanta’s remarkable run as the ninth seed and play-in match winner ended by the narrowest of margins. Their elimination was preceded by what many considered to be the biggest upset in MLS playoff history. Atlanta knocked out Inter Miami and Lionel Messi , the top seed in the East and the current Supporters’ Shield winners. This is the second straight year that a play-in team has reached and lost a conference semifinal. “I told (the players) I’m grateful for their effort and their work. It was tremendous. We’re not gonna stop until the whistle goes. But that is something that I would always like if I’m a coach anywhere. That’s a bare minimum, like, that’s the minimum requirement for a team that I want to be associated with,” said Valentino. The loss to Orlando means that Valentino’s stint as head coach will likely end. He has been in the running for the full time position, according to club president and CEO Garth Lagerwey. But it was understood that Valentino would need to reach the MLS Cup final and potentially win it to earn the job. Atlanta’s offseason of change will accelerate, as Lagerwey must hire a new manager and sporting director. The 1-0 loss also marked the end of Dax McCarty ’s MLS career. Over the summer, the 37-year-old announced that he would retire at the end of the season. McCarty started his fourth consecutive match in midfield on Sunday and will now walk away from his professional career after playing more than 500 MLS matches Required reading (Photo of Ramiro Enrique: Alex Menendez / Getty Images)THE US Supreme Court dismissed an appeal by Nvidia, leaving it to face a lawsuit that accuses the company of misleading shareholders about its reliance on crypto-mining revenue in the run-up to a market crash. The dismissal came four weeks after several justices questioned whether the case presented the type of broad legal issue that would warrant a Supreme Court ruling. Nvidia, the world’s most valuable company, contended the shareholders’ lawsuit lacked enough specificity to go forward to the evidence-gathering stage of litigation. As is its usual practice, the court did not provide any explanation for dropping the case, saying only that it was being “dismissed as improvidently granted”. The move is a “big win for corporate accountability”, said Deepak Gupta, who represented the shareholders in the Nov 13 argument. “When corporations mislead shareholders, they undermine trust in our markets. Ensuring that investors can seek justice is essential to preserving fairness and transparency.” Nvidia was appealing a ruling from the San Francisco-based 9th US Circuit Court of Appeals. In letting the suit go forward in a federal district court in Oakland, California, the appeals court had reversed a trial judge’s decision tossing out the case. “We would have preferred a decision on the merits affirming the trial court’s dismissal of the case, but we are fully prepared to continue our defence,” Nvidia said. “Consistent and predictable standards in securities litigation are essential to protecting shareholders and ensuring a strong economy, and we remain committed to supporting them.” It’s the second securities fraud case the justices have scrapped in a term that is only two months old. The court last month dismissed an appeal by Meta Platforms, leaving it to face accusations of misleading shareholders about the data-harvesting scandal involving political consulting firm Cambridge Analytica. A ruling favouring Nvidia might have helped other companies win early dismissal of shareholder suits and avoid the expense of mounting a full-scale defence. The case centred on the protections Congress gave companies in the 1995 Private Securities Litigation Reform Act, which requires lawsuits to make key allegations “with particularity”. The Nvidia shareholders said that in 2017 and 2018 chief executive Jensen Huang hid the fact that record revenue growth was being driven by mining-related sales of the company’s flagship GeForce GPU product, rather than by sales for gaming. The chipmaker’s products have become key computer components used to complete the complex calculations to extract cryptocurrencies. The investors said crypto market volatility put the company in a precarious spot when the market crashed in 2018. The company said in November 2018 that it had missed its revenue projections, sending shares tumbling more than 28 per cent over two days. Huang at the time said a “crypto hangover” was to blame. The investors are led by a unit of Swedish institutional investor E Ohman J:or AB. Nvidia in 2020 agreed to pay US$5.5 million to settle related allegations by the Securities and Exchange Commission. BLOOMBERG
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Markets reversed a two-day slide after the latest reading on consumer inflation all but ensured a quarter-point rate cut from the Federal Reserve later this month. As per usual, a rally in mega-cap tech stocks led the charge. Tech stocks gapped higher at the open, led by the Magnificent 7 , after the November Consumer Price Index (CPI) helped confirm market expectations for short-term monetary policy. Headline CPI increased 0.3% month over month, a slight increase from the 0.2% rise seen in the previous four months. On an annual basis, headline CPI rose 2.7%, according to the Bureau of Labor Statistics , up from 2.6% in October. Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Sign up for Kiplinger’s Free E-Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. Although inflation accelerated on a year-over-year basis, the print essentially matched market forecasts. Core CPI, which excludes food and energy costs and is considered a better indicator of future prices, also matched estimates. The gauge increased 0.3% in November, or the same rate seen over the previous three months. Annual core CPI advanced 3.3% to match consensus expectations. "This morning's in-line CPI results are flashing a green light to equity investors clapping their hands while yelling Santa Claus," writes José Torres, senior economist at Interactive Brokers . "The enthusiasm is also extending to fixed income as rate watchers cement another quarter-point trim from the Fed in response to the well-received inflation figures." As of December 11, interest rate traders assigned a 95% probability to the Federal Open Market Committee (FOMC) cutting the federal funds rate by 25 basis points (bps), or 0.25%, to 4.25% to 4.50%, according to CME Group's FedWatch Tool . That's up from 78% one week ago and 65% a month ago. Although a quarter-point reduction appears locked in for the next Fed meeting , the outlook for easing next year is complicated by the incoming administration's economic policies, including the imposition of sweeping tariffs . These developments are complicating forecasters' calculus for the path of interest rates in 2025. As for Wednesday, however, a December rate cut was mostly good news. It sparked a rally in risk assets – and in tech stocks in particular. The tech-heavy Nasdaq Composite closed up 1.8% at 20,034, led by heavyweights such as Google parent Alphabet ( GOOGL , +5.5%), Tesla ( TSLA , +5.9%) and Amazon.com ( AMZN , +2.3%). Microsoft ( MSFT , +1.3%) and Nvidia ( NVDA , +3.1) also rallied, but these Buy-rated Dow stocks weren't able to lift the price-weighted Dow Jones Industrial Average , which slipped 0.2% to 44,148. The market-cap weighted S&P 500 added 0.8% to 6,084. Are utilities a cheap AI play? As a highly regulated sector, utilities are known for low growth, low volatility and dividends. In other words, this is a defensive sector – at least traditionally. The emergence of AI appears to be changing the sector's characteristics, however. Electricity demand will grow exponentially with the build out of AI data centers, and that's boosting this sleepy sector's growth prospects. Indeed, it's not clear how much of this potential might already be priced in. The Utilities Select Sector SPDR ETF ( XLU ) is up 26% on a total return basis (price change plus dividends) so far this year, while the broader market gained 28%. Utilities have always generated relatively stable revenue and profits. They also generate loads of free cash , thanks to all those folks paying their energy bills every month. Utilities then turn right back around and hand much of that cash back to shareholders in the form of dividends. In fact, utilities are almost always among the best-yielding market sectors. Between their steady businesses and substantial dividends, you can see how these stocks can sometimes provide not just some level of safety, but upside potential when most other equities are on the rocks. At the same time, utilities are not tech stocks. For example, while the Nasdaq jumped on Wednesday, the utilities sector actually ended in the red. Investors interested in sussing out cheap utilities that could double as AI plays would do well to study the best utility stocks to buy now . Related content Rising Prices: Which Goods and Services Are Driving Inflation? If You'd Put $1,000 Into Adobe Stock 20 Years Ago, Here's What You'd Have Today Best Bargain Stocks: Stocking Stuffers for the Holidays
The district administration's denial of permission for the fireworks display during ' Vela Ezunnallippu ', a traditional ritual, at the famed Paramekkavu and Thiruvambady temples has sparked a row with the shrine managements viewing it as a "test dose" to destroy the iconic Thrissur Pooram . ET Year-end Special Reads Take That: The gamechanger weapon's India acquired in 2024 10 big-bang policy moves Modi government made in 2024 How governments tried to rein in the social media beast The Additional District Magistrate (ADM) here on Friday issued an order denying permission for the fireworks display in connection with the annual ritual citing the new amendment to the union government's Explosive Rules and based on reports of various state government departments in accordance with that. The Vela Ezunnallippu ritual and the related fireworks display of the two temples are scheduled in January first week. In the order, the district administration stated that there is no physical circumstance to carry out the fireworks display in the area and it may pose a threat to the life and property of the public. The opinion of concerned investigating officers that the fireworks should not be allowed taking into account the safety of public life has also been considered, said the order. The order was issued on the request for permission to conduct fireworks display submitted by Thiruvambady Devaswom. 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View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program Artificial Intelligence(AI) AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Office Productivity Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Data Science SQL Server Bootcamp 2024: Transform from Beginner to Pro By - Metla Sudha Sekhar, IT Specialist and Developer View Program Meanwhile, the order denying permission to the fireworks display citing the central explosive rule guidelines drew sharp reactions from the temple managements. K Girish Kumar , Secretary, Thiruvambady Devaswom, vehemently criticised the move and said permission for the fireworks display is being denied citing technical reasons and urged political leaders and ministers from the district to raise their voice against it. "The Vela Ezunnallippu and its related fireworks are held on the same Swaraj Round where the Thrissur Pooram is conducted annually. The present move is a test dose to destroy the iconic Pooram," he told reporters here. Rejecting the reasons for denying permission for the fireworks display, he said the school, hospital, petrol pump and other such institutions have been there in the area for years and the rituals were held there without any issues in the past. The fireworks display is to be conducted in the midnight after taking all necessary precautions and so it won't pose any security issues as claimed in the order, the Devaswom Secretary further said. Without naming anyone, he further alleged that there were attempts to block the parading of jumbos and the apex court granted permission for the same recently. Now-a-days, the temple authorities are forced to approach the court for each and everything to protect the traditional rituals, he added. (You can now subscribe to our Economic Times WhatsApp channel )
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