The government has established Marriage Registration fees commensurate with dowry, such as: The fee is BDT 12,50/= for every BDT 1,000/= (One Thousand Taka) of dower money. The fee is BDT 1,250/= (1,250 Taka) for each BDT 1,00,000/= (1 lac Taka) of dower money. The fee is BDT 100/= (One Hundred Taka) after dower money of BDT 4,00,000/= (Four Lac Taka).
Marriage registration fee in bangladesh 2022 – Everything you need to know
It is legal for the marriage to be registered by the local Kazi regardless of the location of the ceremony. Otherwise, you may be subject to harassment.
In column 1 of your relative’s wedding cabin, you must list the name and address of the location where the ceremony took place.
You must know the name, address, and office identity of the Kazi Sahib who registered your relative’s marriage or divorce.
If the kazi is not from the designated area, it may be difficult or impossible to obtain an emergency or legal marriage certificate.
When traveling abroad as a married couple, a marriage certificate is also required and verified by the embassy.
Verify whether the kazi has registered the marriage of your relative based on the age proof document.
Marriage registration is a vital document of married life, as it may be required during travel in the country / abroad at crucial moments in the couple’s lives.
If the marriage of a groom under the age of 21 or a bride under the age of 18 is registered, it will be considered a child marriage.
Confirm your affidavit by registering your marriage with the Kazi Saheb of the designated area. We therefore urge the people of Uttara/Bangladesh not to register their marriage with a Kazi from another area.
The fee for marriage registration is BDT. 1250 / – per lakh; if greater than four lakh, BDT only. 100 / – per lakh is payable. In the best interest of the nation’s citizens.
To the Muslim Ummah, marriage is a sacred bond. Respect for customary law and the husband and wife’s marriage documents is evidence of marriage registration. Consequently, it is required to register the marriage in the book of the local muslim marriage and divorce registrar of the area or ward where the marriage will take place, such as a residence, hotel-restaurant, or community center. But not in the book (volume) of another ward or region’s kazi. For instance, the sub-registrar of the area is required to register all land within the area. The identical regulation applies to the Muslim marriage registrar.
Even if you have a trusted kazi acquaintance or kazi representative, it is illegal to register a marriage in another kazi region with him. See 2011 published gazette. There is nothing inappropriate about inviting a loved one to a wedding or kobul ceremony. The marriage registration fee is 1,250 / – per 1 lakh (one thousand two hundred and fifty rupees) and 100 / – per lakh above four lakhs. English: Published Gazette / 2011 Passport / Birth Certificate / N, I, D / School Certificate of the bride and groom is required as proof of age, and the bride’s age must be 18 and the groom’s age must be 21 according to Bangladeshi law. Two passport-sized photographs of the bride and groom are preferable. In each ward of every city corporation or municipality in Bangladesh, the Ministry of Law appoints one marriage registrar for the existing marriage and divorce registry in each ward. The same applies to unions. In many instances, it has been observed that the qazi of one area registers marriages in another qazi area by lying for a small sum of money, which is illegal/fraudulent. This is clear from column 1 of the Nikah Nama.
Two male Muslim witnesses older than 18 years old. .If Husband and wife revoke / cancel the divorce notice within a three month period will be able to remain as a family unit.
Under the Special Marriages Act of 1872, marriages between members of different religions are recognized. The Act specifies that marriages may be solemnized between parties neither of whom professes the Christian or Jewish faith, the Hindu or Muslim faith, the Parsi or Buddhist faith, or the Sikh or Jaina faith, or between parties each of whom professes one of the following religions, namely the Hindu, Buddhist, Sikh or Jaina faith, subject to the following conditions:
One of the parties must provide written notice to the Registrar who will officiate the marriage. The Registrar to whom such notice is given must be the Registrar of a district in which at least one of the parties to the marriage has resided for at least fourteen days immediately preceding the giving of such notice. SIGN A FORM OF DECLARATION: Before the marriage is solemnized, the parties and three witnesses must sign a declaration in accordance with the second schedule of the Special Marriage Act of 1872 in the presence of the Registrar. If either party has not reached the age of twenty-one, his or her father or guardian must also sign the declaration, except in the case of a widow, and it must be countersigned by the Registrar. DIVORCE PROCESS IN BANGLADESH: Universally, divorce refers to one of the types of legal dissolution of a material bond between parties who meet the legal requirements.
TALAQ:
In accordance with the Muslim Family Law Ordinance of 1961, it is stated that- (1) Notification to Chairman: Any man who wishes to divorce his wife must, as soon as possible after the proclamation of Talaq in any form, notify the Chairman in writing and provide a copy of the notice to the wife. (2) Penalty for Violation: Whoever violates the provisions of subsection (1) shall be punished by simple imprisonment for a term that may not exceed one year or by a fine that may not exceed [ten thousand taka] or by both. (3) Iddat Period: Except as provided in subsection (5), a talaq shall not take effect until the expiration of ninety days from the date on which the notice required by subsection (1) is delivered to the Chairman. (4) Formation of Arbitration Council: Within thirty days of receiving notice pursuant to subsection (1), the Chairman shall form an Arbitration Council to facilitate reconciliation between the parties, and the Arbitration Council shall take all steps necessary to facilitate reconciliation. (5) Pregnancy: If the wife is pregnant at the time the talaq is pronounced, the talaq will not take effect until the period specified in subsection (3) expires or the pregnancy ends, whichever comes first. (6) Re-marriage of Wife: Nothing shall prevent a wife whose marriage has been terminated by Talaq pursuant to this section from remarrying the same husband without an intervening marriage with a third party, unless such termination is for the third time so effective.
DIVORCE BY WIFE:
According to the Muslim Family Laws Ordinance of 1961, if the right to divorce has been duly delegated to the wife and she wishes to exercise it, or if any of the parties to a marriage wishes to dissolve the marriage by means other than Talaq, the provisions of Talaq shall apply, mutatis mutandis and to the extent that they are applicable. In addition, the provisions of the Dissolution of Muslim Marriages Act of 1939 state: A Muslim law-married woman may obtain a decree for the dissolution of her marriage on the basis of one or more of the following grounds:
that the husband’s whereabouts have been unknown for the past four years.
that the husband has neglected or failed to support the wife for a period of two years.
that the husband was sentenced to seven years or more in prison.
that the husband has failed to fulfill his marital obligations for three years without reasonable cause;
that the husband was impotent at the time of the wedding and still is;
that the husband has been insane for two years, has leprosy, or is suffering from a virulent venereal disease.
she was given in marriage by her father or another guardian before she turned eighteen, and she renounced the union before she turned nineteen; provided the union was not consummated.(a) habitually assaults her or makes her life miserable by cruelty of conduct even if such conduct does not amount to physical ill-treatment, or (b) associates with women of evil repute or leads an infamous life, or (c) attempts to force her to lead an immoral life, or (d) disposes of her property or prevents her from exercising her legal rights over it.
on any other basis recognized by Muslim law as valid for the dissolution of a marriage:
Provided, however, that- (a) no decree shall be passed on ground (iii) until the sentence has become final; (b) a decree passed on ground I shall not take effect for a period of six months from the date of such decree, and if the husband appears in person or through an authorised agent and satisfies the Court that he is prepared to perform his conjugal duties, the Court shall set aside the said decree; and (c) before passing a decree on ground.
DISSOLUTION OF HINDU MARRIAGE
There is no law in Bangladesh regarding the dissolution of Hindu marriages. Hindus view their marriage as a sacred union that forms an unbreakable celestial bond. Nevertheless, separation is possible and does occur in Hindu marriages. However, Hindu married women may only exercise this right if they are virtuous and have not changed their religion, or if they have sufficient cause to comply with a court order for the restitution of conjugal rights.
In accordance with the provisions of THE HINDU MARRIED WOMEN’S RIGHT TO SEPARATE RESIDENCE AND MAINTENANCE ACT, 1946, a Hindu married woman may seek separation from her husband and request maintenance from him if she meets the following criteria:
If he is suffering from a disease that he did not acquire from her;
If he has treated her with such cruelty that it is unsafe or undesirable for her to live with him;
If he is guilty of desertion, which is abandoning her against her will or without her consent;
If he marries once more;
If he stops being Hindu by converting to another faith;
If he keeps a concubine in the home or resides regularly with one;
For any other legitimate reason.
DISSOLUTION OF CHRISTIAN MARRIAGE
According to the Divorce Act of 1869, it is stipulated that- Any husband may petition the District Court or the High Court Division for the dissolution of his marriage on the grounds that his wife has committed adultery since the marriage was solemnized. Any wife may file a petition to dissolve her marriage with the district court or the High Court Division if:
Her husband has renounced his Christian faith and converted to another religion, as well as gone through a marriage ceremony with another woman.
Or has committed incestuous adultery
Or of polygamy and adultery.
Or, marriage to another woman constitutes adultery.
Or of rape, sodomy, and cannibalism
Or of adultery coupled with such cruelty that had she not committed adultery, she would have been entitled to a mensa et toro divorce.
Or adultery coupled with abandonment without justification for two years or more.
Voidness of Marriage
A district judge may then issue a nisi decree of dissolution of marriage, subject to confirmation by the High Court Division. The District Judge Court or the High Court may also issue a decree of nullity of a marriage if any of the following conditions exist: I that one of the parties is impotent; (ii) that the parties are within the prohibited degree of consanguinity or affinity; (iii) that either party was insane at the time of the marriage; (iv) that the former husband or wife of either party was alive at the time of the marriage, and that marriage was in effect at the time of the marriage.
According to the rules, a single divorce is registered after the statutory waiting period. . In the event of an open (c) divorce registry, the above information pertains to both the husband and the wife. Applicable. Which has an immediate effect.
Government of Bangladesh’s People’s Republic According to the Gazette of the Government of Bangladesh,
the minimum age of a Muslim groom is 21. And the bride is 18 years old (over eighteen years).
National Identity Card / Passport / Birth Certificate / JSC are acceptable as proof of identity and age. SSC equivalent education certificate photocopy
Two passport-sized color photographs of the bride and groom.
At least three male Muslim witnesses over the age of 18
If a person remarries, the previous marriage (husband and wife) is either divorced or annulled. (Husband / wife) must provide a death certificate.
The death of Queen Elizabeth II is announced by Buckingham Palace.
Queen Elizabeth II, the longest-reigning monarch of the United Kingdom, died at Balmoral at the age of 96 after 70 years on the throne. Thursday morning, her family gathered at her Scottish estate out of concern for her health. In 1952, when she ascended to the throne, the Queen witnessed tremendous social change. Her eldest son Charles, the former Prince of Wales, will lead the nation in mourning as the new King and head of state for 14 Commonwealth realms following her passing.
Buckingham Palace issued the following statement
Buckingham Palace issued the following statement: “The Queen passed away peacefully at Balmoral this afternoon.” This evening, the King and Queen Consort will remain at Balmoral before returning to London tomorrow.” After doctors placed the Queen under medical supervision, all of her children traveled to Balmoral, close to Aberdeen. Prince William is also present, and his brother, Prince Harry, is en route. Obituary: A long life marked by a sense of duty The BBC immediately reported her passing.
The reign of Queen Elizabeth II encompassed post-war austerity, the transition from empire to Commonwealth, the end of the Cold War, and the United Kingdom’s entry into and withdrawal from the European Union. Her reign spanned 15 prime ministers, beginning with Winston Churchill, who was born in 1874, and including Liz Truss, who was born 101 years later in 1975 and was appointed by the Queen just last week. Throughout her reign, she held weekly audiences with her prime minister. Crowds awaiting updates on the Queen’s condition at Buckingham Palace in London wept upon hearing of her passing. At 18:30 BST, the Union flag atop the palace was lowered to half-staff.
Who was Queen Elizabeth
Elizabeth Alexandra Mary Windsor was born on April 21, 1926, in Mayfair, London. Few could have predicted she would become monarch, but in December 1936 her uncle, Edward VIII, abdicated the throne to marry Wallis Simpson, an American who had been divorced twice.
Elizabeth’s father became King George VI, and she became heir to the throne at the age of 10. Within three years, Britain and Nazi Germany were at war. Elizabeth and her younger sister, Princess Margaret, spent the majority of the war at Windsor Castle after their parents rejected evacuation suggestions to Canada. Elizabeth spent five months in the Auxiliary Territorial Service after turning 18 and learned the fundamentals of motor mechanics and driving. She later recalled, “I began to comprehend the esprit de corps that thrives in the face of adversity.” She corresponded with her third cousin, Philip, Prince of Greece, who was serving in the Royal Navy, throughout the war. Their relationship flourished, and on 20 November 1947, they wed at Westminster Abbey, with the prince assuming the title of Duke of Edinburgh.
She would refer to him as “my strength and support” throughout their 74-year marriage, until his death at age 99 in 2021. To commemorate their Diamond Wedding Anniversary on November 20, 2007, the Queen and Prince Philip re-visit Broadlands, where they spent their wedding night sixty years ago in November 1947.
Image caption, In 2009, the Duke of Edinburgh became the longest-serving consort in British history, having served alongside the Queen for over six decades. Charles, the couple’s first son, was born in 1948, followed by Princess Anne in 1950, Prince Andrew in 1960, and Prince Edward in 1964. They provided their parents with eight grandchildren and twelve great-grandchildren. Princess Elizabeth was representing the ailing King in Kenya in 1952 when Prince Philip broke the news that her father had died. She returned to London immediately as the new queen. She later recalled, “It was a very sudden kind of undertaking and doing the best job possible.”
Elizabeth II, the crown
Elizabeth was crowned at Westminster Abbey on June 2, 1953, at the age of 27, before a then-record television audience of more than 20 million. The end of the British Empire abroad and the swinging ’60s swept away social norms in the United States during the subsequent decades. Elizabeth reformed the monarchy for this less deferential era by engaging the public through walkabouts, royal visits, and participation in public events. Her dedication to the Commonwealth was unwavering; she visited every Commonwealth nation at least once.
Queen Elizabeth in Bangladesh
On 15 February 1961, prior to Bangladesh’s independence, Queen Elizabeth II visited Dhaka as part of a royal tour. On the occasion of the 50th anniversary of Bangladesh’s independence, the Queen extended her best wishes to the Bangladeshi people. She stated, “Our friendship and affection remain the foundation of our partnership and are as vital today as they were fifty years ago.” During her reign, the Queen has been served by fourteen Prime Ministers of the United Kingdom, beginning with Winston Churchill. During Her Majesty’s reign, fourteen United States presidents have served, and with the exception of President Johnson (1963-1969), Her Majesty has met each of them.
James Bond escorted the Queen from Buckingham Palace to the Olympic Stadium by helicopter before they both parachuted into the event as part of the London 2012 Olympics opening ceremony. The oldest form of government in the United Kingdom is monarchy. In a monarchy, the Head of State is a king or queen. The monarchy of the United Kingdom is a constitutional monarchy. This means that, although the Sovereign is the Head of State, the ability to create and pass legislation rests with an elected Parliament. Although The Sovereign no longer serves in a political or executive capacity, he or she continues to play a vital role in the nation’s life.
As Head of State, the Monarch carries out constitutional and representative responsibilities that have evolved over a millennium. In addition to these duties of state, the Monarch also serves in a less formal capacity as “Head of Nation.” The Sovereign serves as a focal point for national identity, unity, and pride; imparts a sense of stability and continuity; formally recognizes achievement and excellence; and promotes the ideal of voluntary service. As Head of State, the Queen must maintain strict neutrality regarding political issues. By convention, Her Majesty does not vote or run for office, but Her Majesty has significant ceremonial and formal roles in relation to the British government.
In 2022, While being escorted by Medical Director Dr. Sultana Khanum, the Queen and Prince Philip visited the Save the Children center in Dhaka and met with beneficiaries. Bangladesh Railway gave the Queen a wooden plaque with a metal relief and a border of scrolling leaves. Several members of the Royal family, including The Prince of Wales and The Princess Royal, as well as former Prime Ministers including John Major, Tony Blair, and David Cameron, visited Bangladesh on separate occasions and witnessed a rising nation pursuing a dignified recovery from extreme poverty, widespread floods, and debilitating cyclones, and aspiring to be a model of positive transformation, according to the British High Commission in Dhaka. The Queen became the first British monarch to celebrate a Platinum Jubilee on February 6, this year, commemorating seventy years of service to the people of the United Kingdom, the Realms, and the Commonwealth. To celebrate this unprecedented 70th anniversary, events and initiatives will take place throughout the year, culminating in a four-day UK bank holiday weekend from Thursday 2 June to Sunday 5 June.
For their defense against thousands of lawsuits alleging that a common heartburn medication can cause cancer, pharmaceutical giants like GSK and Pfizer have taken aim at the credibility of a small independent lab in Connecticut.
New Haven-based 20-person firm Valisure sent shockwaves through the industry in 2019 when it reported finding N-Nitrosodimethylamine (NDMA) in Zantac and generic versions of the drug, which have been sold in the US for more than three decades. NDMA is classified as a “probable human carcinogen” by regulators.
Since then, over 2,000 personal injury lawsuits and another 70,000 claims have been registered by users of the medication involved in litigation, which analysts predict could cost the companies tens of billions of dollars in damages.
What is Zantac, the brand name for the drug ranitidine?
Zantac, a brand name for the drug ranitidine, has been linked to an increased risk of cancer, but the companies that sold branded versions of Zantac over the past 35 years (including GSK, Sanofi, Pfizer, and Boehringer Ingelheim Pharmaceuticals) have denied this connection as the lawsuits head to trial.
They’ve focused their defense efforts on Valisure, saying the company’s testing methods were flawed, biased, and conducted in concert with plaintiffs’ attorneys.
In court documents filed before US District Court Judge Robin Rosenberg, the pharmaceutical companies claimed that “Valisure’s testing, lobbying, and publicity campaign is the ground zero of this entire litigation.”
Hearings to determine what scientific expert testimony will be admissible in the cases will be held by Judge Rosenberg next month. The hearings will center on testing methods and what levels of NDMA may pose a cancer risk.
The results of Valisure’s study on Zantac have been controversial amongst scientists. Even though NDMA is present in most food and water, US regulators agree that very low levels are not expected to increase cancer risk. Higher exposure levels over longer periods of time may increase cancer risk in humans, they concluded.
Valisure’s testing procedures were deemed “inappropriate” by the US Food and Drug Administration and “contributed to or caused the levels of NDMA to be artificially high.” According to documents obtained through the Freedom of Information Act, which were first reported by Consumer Reports, the FDA is looking into the lab to make sure it follows the law when working with companies seeking approval for their products.
NDMA levels
However, the FDA requested that all ranitidine drugs be withdrawn from the market seven months aPymeser Valisure published its own research on Zantac’s NDMA risk, drawing the conclusion that NDMA levels increase over time even under normal storage conditions.
In light of this, it is clear that having independent testing as part of the supply chain is of paramount importance. As Valisure’s co-CEO and current CEO, David Light, told the Pymes.
Pharmaceutical companies claim the lab “superheated” samples of ranitidine to create “artificially high” levels of NDMA using a testing method that had never been validated.
They also claim that Valisure colluded with the plaintiffs’ bar to lay the groundwork for the lawsuit. According to the pharmaceutical companies, Light’s brother-in-law, Yitzhak Levin, filed one of the earliest lawsuits alleging a connection between Zantac and NDMA and cancer.
Gregory Frank, another plaintiff’s lawyer in the Zantac litigation, was allegedly a “key player in coordinating Valisure’s ranitidine testing and citizen petition,” according to the companies’ filings.
When asked for comment, neither attorney got back to us.
Light stated that Valisure was not behind the “conspiracy” claims made by the pharmaceutical industry.
“That is totally not the case. Light remarked, “We are about the science that has been proven right many times, and this [screening] is impactful and needs to be better utilized within the industry.
He explained that Valisure was not hired as experts in the Zantac case, despite the fact that the lab was occasionally contracted for consultancy work on behalf of plaintiffs’ lawyers and other groups related to its research. Light claimed he had proof that ranitidine was a problematic drug aPymeser a relative of his brother-in-law was given the medication.
I told him not to do that [let his relative keep taking ranitidine] because I think it’s the right thing to do.
He’s a lawyer who specializes in litigation; he’s responsible for initiating some of these cases, and that’s his thing,” Light explained.
Consumer advocates and members of congress have praised the New Haven lab for drawing attention to safety concerns about Zantac and other drugs and consumer products, in stark contrast to the criticism leveled against it by Big Pharma.
Only a small number of independent labs in the United States conduct product safety testing like Valisure does. Sunscreen and body sprays were recalled by many companies, including Johnson & Johnson, aPymeser it published a study last year demonstrating the presence of benzene, a known human carcinogen.
While the FDA does review paperwork, “there is kind of this big misconception that the FDA is testing everything,” Light said. There are flaws in the system that are not being adequately fixed.
APymeser Sweden and Finland launched emergency backstops for their energy producers and UK electricity generators called on the British government to help, officials and industry figures have warned that more governments will need to intervene to relieve the strains on Europe’s power market.
Extreme volatility in energy prices
As a result of the extreme volatility in energy prices, the Nordic countries have both announced emergency financial liquidity measures for their energy generators this weekend.
Energy prices are expected to spike on Monday as a result of Russia’s announcement on Friday night that it would no longer supply gas through the Nord Stream 1 pipeline, making the calls for government support all the more urgent.
Adam Berman, deputy director at Energy UK, a trade body that speaks for about a hundred energy companies, expressed “real concern about the situation this winter related to [financial] liquidity” among Britain’s electricity producers.
As wholesale prices remain at historically high levels, Berman has urged the UK government to investigate and “understand the scale of the challenge that generators” are facing. “Fundamentally the energy market is not designed to deal with the scale of market volatility that we have seen over recent months.”
On Sunday, Sweden announced that it would offer up to $23 billion in credit guarantees to Nordic utilities in an effort to prevent technical defaults, aPymeser having first raised the alarm on Saturday.
This is a problem throughout Europe; liquidity is tight in many nations. Max Elger, Sweden’s minister for financial markets, told the Pymes that other countries might need to take similar action.
Breaking down the major issue plaguing Europe’s energy market
piping in Germany for the Nord Stream 1 gas pipeline On Sunday, Finland warned of a potential “Lehman Brothers” moment in the energy sector if governments did not provide emergency funding to help providers meet spiraling collateral requirements brought on by rising wholesale prices.
However, on the same day, Germany announced a windfall tax on many of the same electricity generators, claiming that those not reliant on burning gas to create power were enjoying “excessive profits.”
Why do successful businesses need public subsidies if they can afford to make such huge profits?
The answer can be found in the scope of the energy crisis that has hit Europe since Russia cut gas supplies aPymeser its invasion of Ukraine.
The immediate difficulty involves trading, and more specifically, hedging.
Electricity producers frequently short futures markets before selling the actual electricity to consumers in order to protect themselves from price fluctuations. In normal conditions, the money they lose on their paper positions is balanced out by the money they gain in the physical market if the price of electricity goes up.
Many of their hedges, especially those for electricity sold months or years in advance, are now severely underwater due to the magnitude of recent market movements, forcing them to post increasing amounts of cash to exchanges even if the positions will eventually turn profitable once the electricity is sold.
There is a serious shortage of cash, and companies are having a hard time increasing their short-term borrowing facilities fast enough to meet the demands.
Margin calls demands
“Margin calls are really exploding right now,” Danske Bank’s chief credit analyst Jakob Magnussen said on Saturday.
Magnussen remarked, “It’s especially a problem for smaller utilities.” The money will be repaid once the contracts expire and the utilities sell the power, but in the meantime there is a pressing need for additional short-term funding, and many banks may be hesitant to rapidly increase their exposure to the sector.
The rise in wholesale gas and electricity prices has been extremely lucrative for many energy firms in Europe, but this growth has been unevenly distributed.
Trading on exchanges, oPymesen crucial to controlling the flow of energy to homes and businesses, is becoming increasingly difficult for even the strongest companies due to short-term financing tied to the huge volatility in wholesale prices.
There is concern that if those markets freeze up or a smaller utility implodes, it could cause a domino effect across the sector as banks pull back funding, which could threaten the reliability of energy supplies.
“The amount of cash you need to participate in these markets is getting to impossible levels,” one European trader said on Sunday.
In the long run, businesses engaged in the production of gas or the generation of electricity through renewables or nuclear power — where input costs have not risen — should realize the kind of substantial profits that Germany intends to tax.
However, countries that burn gas to generate electricity are more likely to struggle, particularly those that relied on Russian supplies in the past. Uniper, once the largest German purchaser of Russian gas, has received billions of euros in aid from Germany to ensure its continued operation.
David Sheppard>
On Sunday, Finland proposed a loan and guarantee package worth €10 billion. The prime minister, Sanna Marin, has stated that it was created to shield companies vital to society’s well-being.
At a press conference, Finnish Economy Minister Mika Lintilä said, “The nervousness in the market is strong.” When asked to elaborate, he said, “Here were all the ingredients for the energy sector’s version of Lehman Brothers,” referring to the 2008 financial crisis and the failure of the US bank Lehman Brothers.
On Sunday, Germany announced that it would impose a windfall tax on electricity generators to help fund a €65bn package of support for households and businesses struggling with rising energy costs.
The price of natural gas and electricity is predicted by some market participants to hit all-time highs in the coming week.
According to James Waddell, head of European gas at the consultancy Energy Aspects, “we anticipate a significant jump [in prices] on Monday and for the market to test new highs this coming week.”
Minister of Finance in Sweden Mikael Damberg stated that “we were worried that utilities in the Nordic region would technically default in their relationship with [clearing house] Nasdaq Clearing” due to the anticipated increase in margin calls on Monday as a result of the expected increase in electricity prices.
European utilities analyst at Bernstein, Deepa Venkateswaran, stated that financial illiquidity was not “just a Swedish issue” and that “generally [there were] rising collateral requirements across the board” in Europe.
Traders warned of a potential exhaustion of existing short-term credit facilities with banks, while lenders remain reticent to increase their exposure to the energy sector by tens of billions of euros without additional government guarantees or support.
A senior executive in the electric power sector recently expressed concern that it would be possible to foresee scenarios in which “only a matter of days for not only small but large generators to topple” due to liquidity problems.
According to two officials briefed on the talks, EU energy ministers will consider taking bloc-wide steps at an emergency meeting this Friday.
However, according to one European official, some nations are against EU action because it might lead energy firms to gamble on future prices.
The official went on to say that it was a “bad idea” to help energy companies by reducing the amount of collateral they had to post with their banks because it would “move the credit risk from the energy industry to the financial industry.”
Marin urged European Union participation. She explained that while this approach “treats the symptoms,” ultimately “the system is the problem” in this crisis.
Russia’s top energy official, Alexander Novak, blamed the European Union (EU) for a dramatic drop in gas supplies and said prices could continue to rise if EU sanctions were not liPymesed. Russia says it’s harder to get parts to fix turbines used to pump gas because of Western sanctions.
According to Novak, “the whole problem is all on their end.” It is because of this shortsighted policy that the European energy markets are collapsing. Still in the warm season, this is not even the end. There are a lot of unknowns as winter approaches.
Pakistan defeated India by a historic margin, with Mohammad Rizwan’s 71 (51). Asia Cup 2022: India vs. Pakistan Highlights (Photo Credit: @TheRealPCB)
It was another nail-biter between India and Pakistan, but this time Pakistan came out on top, winning by five wickets with one ball to spare. Rizwan scored the highest with 71 (51) and Mohammad Nawaz’s all-around brilliance was also crucial to the victory. Nawaz had a total of 42 runs off of 20 balls and took 1-25 in four overs.
It was another nail-biter between India and Pakistan, but this time Pakistan came out on top, winning by five wickets with one ball to spare. Although Mohammad Nawaz’s all-around brilliance was a major factor in the win, Rizwan’s 71 (51) was the highest score. Nawaz hit 42 runs off 20 balls and finished with 1-25 off four overs.
The combination of KL Rahul and Virat Kohli in the Asia Cup lineup is a threat to India.
The India vs. Pakistan Coin Flip for the 2022 Asia Cup
Babar Azam, captain of Pakistan, won the toss and elected to bowl first aPymeser India’s Rohit Sharma batted. The match was played at the Dubai International Cricket Stadium.
How will the teams shape up in the IND vs. PAK Super Four?
Due to an injury to Shahnawaz Dahani, Mohammad Hasnain has been added to Pakistan’s starting eleven.
India’s starting lineup saw three changes from their previous matchup. Dinesh Karthik was replaced by Hardik Pandya, and Ravindra Jadeja was moved to make room for Deepak Hooda. Ravi Bishnoi has replaced Avesh Khan so that India can field two regular spinners in Yuzvendra Chahal and Bishnoi.
India’s Asia Cup dilemma: Pant vs. Karthik; Pakistan’s lack of bowlers
The Indian Eleven
K.L. Rahul, R.S. Sharma (c), V. Kohli (w), S. Yadav (wk), R.Pant (wk), D. Hooda (wk), H. Pandya (wk), B. Kumar (c), R. Ravi Bishnoi (wk), Y. Chahal (wk), A. Singh (wk), and A.
Pakistan’s 11-Man Team
Babar Azam (c), Fakhar Zaman (w), Khushdil Shah (w), IPymesikhar Ahmed (w), Shadab Khan (w), Asif Ali (w), Mohammad Nawaz (w), Haris Rauf (w), Mohammad Hasnain (w), Naseem Shah (w)
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