Govt may permit 100 FDI in contract manufacturing

first_imgNew Delhi: The government is working on a proposal to allow 100 per cent FDI in contract manufacturing with a view to attract overseas investments, sources said. According to the existing foreign investment policy, 100 per cent foreign direct investment (FDI) is permitted in the manufacturing sector under the automatic route. A manufacturer is also allowed to sell products manufactured in India through wholesale and retail channels, including through e-commerce, without government’s approval. Also Read – Thermal coal import may surpass 200 MT this fiscal”The current policy does not talk about contract manufacturing and it is not clearly defined in the policy. Big technology companies across the world are going for this, so there is a need for a clarification on the matter which government is considering positively,” they said. The commerce and industry ministry is working on a proposal that would be finalised soon and sent for Union Cabinet’s approval. Commenting on the proposal, Rajat Wahi, Partner, Deloitte India, said the move if approved by the government will give a boost to the manufacturing sector. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boost”It is a welcome proposal for technology based companies like Apple,” he said. Finance Minister Nirmala Sitharaman in her Budget speech in July had proposed relaxation in the FDI norms for certain sectors such as aviation, AVGC (animation, visual effects, gaming and comics), insurance, and single brand retail with a view to attract more overseas investment. FDI in India dipped 1 per cent to $44.36 billion in 2018-19. Last year, the government had relaxed FDI rules for several sectors, including single brand retail, non- banking financial companies and construction. Foreign investments are considered crucial for India, which needs billions of dollars for overhauling its infrastructure sector such as ports, airports and highways to boost growth. FDI helps in improving the country’s balance of payments situation and strengthen the rupee value against other global currencies, especially the US dollar.last_img read more

STF arrests two racketeers seizes huge cache of Yaba tablets worth Rs

first_imgKolkata: The Special Task Force (STF) of Kolkata Police has again nabbed two persons and seized a huge quantity of Amphetamines, commonly known as ‘Yaba’, in tablet form on Saturday.Since the last 10 days, a huge quantity of narcotics has been seized, including ‘Yaba’ tablets worth several crores, which is alarming according to the police. According to STF officials, on Saturday morning police came to know from their sources that two Fake Indian Currency Note (FICN) racketeers were hiding in Topsia area. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaBased on the information, the anti-FICN team of STF went to Topsia and waited for a car as per the tip. At around 8 am, the source pointed towards an SUV coming towards the Hindu burial ground on Topsia Road (South). As soon as the source identified the car, police blocked the SUV’s way with their car and forced the passengers of the car to get down. During search, 70 packets containing approximately 1.5 lakh ‘Yaba’ tablets were found concealed under the seats of the car. The duo along with the car was detained and taken to STF police station in Lalbazar. Also Read – Bengal civic volunteer dies in road mishap on national highwayDuring interrogation, the accused duo stated that they had procured the ‘Yaba’ from North East and was about to hand them over to carriers in order to smuggle it out to Bangladesh. In the afternoon, the duo identified as Faruk Ahmed and Musaddik Ali alias Chhotu of Kamrup in Assam, was arrested and the tablets were seized. According to police, the seized ‘Yaba’ tablets are worth Rs 60 lakh approximately in the illegal market. Sources informed that during the last few days, police have arrested several persons with narcotics such as Yaba, charas and phensedyl. Among them, a few persons are known to be FICN racketeers. It is suspected that since police are keeping a strict vigil on FICN smuggling, they are now shifting to narcotics smuggling. However this also a headache for the police as apart from smuggling of narcotics to Bangladesh, racketeers have already developed a secret market in the city as well, which is alarming.last_img read more

UN chief moots summit to tackle Amazon fires

first_imgYokohama: The head of the United Nations Thursday mooted a meeting of key countries to drum up support to tackle the devastating Amazon forest fires, which he called a “very serious situation.” Speaking on the sidelines of an African development conference in Yokohama, Antonio Guterres urged the international community to do more to quell the more than 83,000 fires set this year, more than half of which are raging in the massive Amazon basin. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from US “We are strongly appealing for the mobilisation of resources and we have been in contact with countries to see whether, during the high level session of the General Assembly, there could be a meeting devoted to the mobilisation of support to the Amazon,” Guterres told reporters. World leaders are expected to gather in New York for the annual UN General Assembly from September 23 to 30. The UN chief’s comments came after Brazil’s President Jair Bolsonaro signed a decree on Wednesday to ban burning throughout the country for two months, amid global outrage over the fires. Also Read – Record number of 35 candidates in fray for SL Presidential polls The blazes have engulfed parts of the world’s largest rainforest — which is crucial for maintaining a stable global climate — and Guterres said the Amazon was “a fundamental resource for all us.” “I believe that the international community needs to be strongly mobilised to support the Amazon countries to do those things: stop the fires as quickly as possible with all means possible and then have a consistent reforestation policy,” said the UN chief. “Until now, we have not done enough, we need to do all together more than we have done in the past,” he stressed. As well as triggering global fury, the fires have sparked a spat between Brazil and Europe that has threatened to torpedo a major trade deal. Fires are also ravaging neighboring Bolivia where President Evo Morales and his rival in upcoming elections have suspended campaigning to deal with the blazes. Guterres was speaking after a high-level panel on the effects of climate change on African countries in Yokohama, near Tokyo. “The Africans practically do not contribute to climate change — the level of emissions in Africa is extremely low compared to other parts of the world — but Africa is in the first line of suffering the devastating impact of the consequences of climate change,” he said.last_img read more

Govt eMarketplace working on series of steps to strengthen its public procurement

first_imgNew Delhi: Public procurement portal GeM is working on a series of steps including a mechanism for timely payment to vendors and rating buyers and sellers to promote its growth, a senior government official said. The Commerce Ministry launched Government e-Marketplace (GeM), an online platform for public procurement, in August 2016 with the objective of creating an open and transparent procurement platform for government, which runs in several lakh crore. Also Read – Thermal coal import may surpass 200 MT this fiscal”We are working on several things like ensuring timely payment to vendors, helping MSMEs get working capital from banks and rating of both buyer and seller to improve efficiency,” the official said. Currently, a buyer has to pay in 10 days to vendor, but it is not being implemented properly. “Timely payment will help government in promoting competition among vendors and MSME growth. We are working on a system which would strictly ensure payments in a fixed timeline to the vendor if quality and other things are okay,” the official added. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostGeM is also formulating a mechanism to rate both sellers and buyers. If a buyer does not pay on time, the rating will be affected and sellers would be cautious in delivering goods and services. Similarly, if a seller does not deliver goods on time and if there are quality issues, the rating will be bad. Good ratings will help sellers in getting working capital at affordable cost from banks on sharing transaction history. “So we are working on all these steps. Banks can see rating and risk history of buyers and accordingly lend at low cost also. Through this, we can establish credit linkage to MSMEs,” the official added. The government is also considering to widen the ambit of GeM by permitting government contractors and private bulk buyers to use the platform for buying goods and services. Currently, they are not allowed to procure goods and services from the GeM platform managed by the Commerce and Industry Ministry. At present, government departments, ministries, public sector units, state governments, and Central Armed Police Forces are allowed to carry out transactions through this portal. West Bengal-cadre IAS officer Talleen Kumar was recently appointed as the new chief executive officer of GeM. According to GeM, 2,72,283 sellers and service providers have registered with the portal so far to sell 12,00,481 products and 15,982 services. The government has made it mandatory for all the departments and ministries to source goods and services from its e-marketplace. The portal provides a wide range of products from office stationery to vehicles. Automobiles, computers and office furniture are currently the top product categories. Services, including transportation, logistics, waste management, web casting and analytical, among others, are listed on the portal. Public procurement worth Rs 50,000 crore is expected to take place through GeM during 2019-20, up from Rs 33,366 crore currently.last_img read more

Gadkari to meet bankers other stakeholders to sort out MSMEs issues on

first_imgNew Delhi: MSME Minister Nitin Gadkari has called a meeting of heads of banks, finance ministry officials, and CEOs of various of central PSUs on Thursday to sort out the problem of delayed payments being faced by small and medium enterprises, sources said. MSMEs have been expressing concern over failure of the Micro and Small Enterprise Facilitation Council (MSEFC) in resolving cases of delayed payments within the stipulated 90 days. “This major issue is on the agenda of the September meeting convened by minister Gadkari,” an official said. Also Read – Thermal coal import may surpass 200 MT this fiscalIn addition to representatives of the micro, small and medium enterprises (MSMEs), the meeting will be attended by heads of several banks, finance ministry officials, chief of public sector units, official from UTs and state governments, they added. The meeting may also consider modification of the relevant rules governing the sector for recovery of dues by way of arrears of land revenue. The MSEFCs of Madhya Pradesh, Bihar and Jharkhand have such provisions. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostIt may also be considered to replicate the Tamil Nadu model where the chairman of the state MSEFC uses video conference facility to expeditious settlement of MSME payments. Besides, proposal of setting up of more than one MSEFC in each state is also on the agenda. The provisions under the MSMED Act are implemented by MSEFC chaired by Director of Industries of the State /UT having administrative control of the MSE units. State Government/UTs are expected to ensure that the MSE Facilitation Council hold meetings regularly and delayed payment cases are decided by the Councils within a period of 90 days.last_img read more

Bombay HC sets asides Sebi order says NDTV

first_imgNew Delhi: Private TV channel NDTV on Thursday said it has got relief from the Bombay High Court, which has set aside an order passed by the market regulator Sebi. Sebi had rejected NDTV’s plea on condonation of delay in filing settlement applications before the market regulator after it initiated adjudication proceedings against the private TV channel for alleged violations of the Securities Contract (Regulation) Act, 1956. “Bombay High Court has ruled in favour of NDTV in a writ petition filed by the company. In its order, dated September 4, 2019, the High Court said Sebi has committed a serious error, said a BSE filing by NDTV. NDTV in its writ petition had challenged the orders passed by Sebi on August 23, 2017 and August 31, 2017, rejecting settlement applications filed by the company.last_img read more

Snowbirds cite need for additional training cancel airshow appearances

first_imgOTTAWA – Canada’s famed Snowbirds have put their airshow season on hold so that some of its pilots can get more practice.Snowbird team lead Maj. Patrick Gobeil said Tuesday that the iconic flying team’s normal training schedule had been cut short this year because of bad weather.The nine-plane team went ahead with several airshows, including a joint flyby over Parliament Hill with a French squadron earlier this month.But Gobeil said it was determined that more practice was necessary after some of the planes were seen deviating from their positions in mid-flight.“As a result, more training is required before the Snowbirds resume their 2017 schedule,” Gobeil said in a statement, adding that the team was pulling out of six airshows between now and mid-June.“The safety of our team and spectators is extremely important. We’re going to assess where we’re at and work hard to get back to the airshow circuit, so we can continue putting on safe and fantastic shows,”Two of the shows affected are in Ontario — Windsor and Fort Erie — while the other four are in the U.S.The Snowbirds, in their iconic white, red and blue Tutor jets, have been entertaining airshow visitors in Canada and across the U.S. since 1971.last_img read more

Alberta Christian school worried school division could ban Bible verses

first_imgCAMROSE, Alta. – A Christian school southeast of Edmonton says it fears the school division is moving to censor what parts of the Bible can be taught.Several Bible verses were to be included in a handbook for students at the Cornerstone Christian Academy in Kingman, Alta.Trustees from the Battle River School Division say they believe the verses might contravene Alberta’s human rights code.School division spokeswoman Diane Hutchinson says there is an obligation to follow the provincial school act and human rights legislation.The board plans to discuss the verses at a meeting on Thursday.Deanna Margel, board chairwoman of the Cornerstone Christian Academy Society, told CHED radio the school fears the division wants to limit what Bible verses the school can teach generally.She said talks between the academy and the board have been going on for six weeks and the school already agreed to drop the verses from the handbook.Margel said the verses were part of a scriptural footnote in the school’s updated statement of faith.One reference was from 1 Corinthians that suggests neither “fornicators, nor idolaters, nor adulterers, nor effeminate … shall inherit the kingdom of God.”Another verse from Galations refers to adultery, fornication, uncleanness and lasciviousness.The Justice Centre for Constitutional Freedoms, an organization that gives as its mission the protection of free speech, is helping the school.President John Carpay says the school refuses to have the division dictate which parts of the Bible are acceptable.“When the board starts to try to dictate that scriptures that some people might find offensive cannot be taught in the classroom, that’s going completely contrary to the goal of diversity, which is to have schools that are actually different from each other,” Carpay said.Hutchinson said it’s possible Thursday’s discussion might be put on hold. The board might also suggest that the partnership between the Battle River School Division and Cornerstone Christian Academy be dissolved, she said.The Cornerstone Christian Academy, formerly a private school, joined the school division in 2009.Its website says it has about 160 students in kindergarten through Grade 12, who come from the communities of Camrose, Hay Lakes, Kingman, Round Hill, Ryley and Tofield and the surrounding areas.(CHED, The Canadian Press)last_img read more

Nova Scotia to offer free naloxone kits to the public as part

first_imgHALIFAX – Health officials in Nova Scotia say free naloxone kits will be available to the public at 300 community pharmacies across the province beginning Sept. 1.The move to expand the $564,000 antidote program is part of a framework plan to address opioid use and overdoses that was released today in Halifax.The plan focuses on five key issues including understanding the issue, prevention, harm reduction, treatment, prescribing practices and law enforcement.Opioid death numbers will now be posted online and there are also plans to share more specific information between police forces and other first responders in order to help detect and address potential “hotspots” in the province.However, chief medical officer of health Dr. Robert Strang says two other significant measures, safe injection sites and prescription standards for opioids, are still being studied.Officials say there were 54 acute opioid overdose deaths in the province in 2016, with four involving illicit fentanyl and three others involving another powerful synthetic opioid, U-47700.Note to readers: CORRECTS spelling of opioidslast_img read more

Halifax police arrest Hells Angels member in significant hit to biker gang

first_imgHALIFAX – Police say they believe organizing efforts by the Hells Angels in Nova Scotia have taken a “significant hit” with the arrest of an alleged member in a drug raid.David James Bishop, 35, was arrested along with two women at a home in the Halifax suburb of Cole Harbour last Wednesday. All three now face a string of drug and firearms-related charges.“His (Bishop’s) role within the organization is significant, especially here for the London-East chapter out of Musquodoboit Harbour, N.S.,” said RCMP Cpl. Mike Kerr of the combined forces special enforcement unit in Halifax.“He comes with an outlaw motorcycle gang background and he’s got a history of drug trafficking and violence, therefore I’m quite confident that we delivered a blow to the local Hells Angels here in Nova Scotia.”Bishop — who police had previously described as having ties to the Bacchus motorcycle gang — was taken into custody and appeared in Dartmouth provincial court on Wednesday.Two women, Jacquelyne Anna Brophy, 33, and Sara Michelle Walker, 28, were released and are to appear in court Aug. 30.Police said they found a large quantity of drugs along with outlaw motorcycle gang-related paraphernalia, firearms and ammunition in the raid. Kerr said the search warrant was obtained after police investigators received information from sources.The lengthy list of charges against the trio includes trafficking in cocaine, ecstasy, and cannabis resin, and two counts of possession of a loaded restricted firearm. Bishop is also charged with two counts of possession of a firearm while prohibited.Kerr described Bishop as a “hangaround” member, which is one of the steps in becoming a full-patch member of the Hells Angels.“The whole process can take anywhere from three to five years … but for all intent and purposes he is a member of the Hells Angels.”Police have been warning over the last few years that Canada’s most notorious biker gang has been trying to reassert its influence over the Atlantic region drug trade, after the former Halifax chapter was smashed by law enforcement in 2001.The Angels have since set up a number of affiliate or so-called “puppet clubs” in Nova Scotia, New Brunswick and Prince Edward Island.Last year, the affiliate club in Musquodoboit Harbour outside Halifax threw a high profile “welcome home” event attended by as many as 150 bikers.Kerr said the club started off with 16 members — three from the Darksiders and 13 from the Gatekeepers clubs.“That number dwindled down to a dozen or so,” said Kerr.last_img read more

Highlights of Mondays BC budget

first_imgVICTORIA – British Columbia’s minority NDP government has released an update of its budget before a full budget is tabled in February. Here are some highlights:— Carbon tax rate increased by $5 a tonne on April 1, 2018, as climate action tax credit increased for low- and middle-class families but the carbon tax will no longer be revenue neutral.— $208 million for construction of 1,700 affordable rental housing units.— $291 million for construction of 2,000 modular housing units for the homeless, with $170 million over three years for round-the-clock staff and support services.— 50 per cent cut in Medical Services Plan premiums for all British Columbians as a step toward eliminating them over four years.— Up to 3,500 new teachers; $681 million increase for kindergarten-to-Grade 12 education over three years.— $100-per-month increase for income and disability assistance.— $200-a-month increase to earnings exemptions for income and disability assistance recipients to connect to jobs.— Reduction in small business corporate income tax rate to two per cent, from 2.5 per cent.— $19 million for restoration of free adult basic education and English-language learning in both the kindergarten- to Grade 12 and post-secondary sectors.— $15 million over three years for the Healthy Kids Program to provide hearing assistance benefits and improved rates for dental services.— Personal income tax rate of 16.8 per cent on taxable income over $150,000, up from 14.7 per cent.— Increase in corporate income tax to 12 per cent, from 11 per cent.— $290 million for the Health Ministry and to establishment Ministry of Mental Health and Addictions in supporting prevention, early intervention and treatment involving illicit opioids and overdoses; $32 million for law enforcement and coroners’ service.last_img read more

Daylight saving time comes to an end this weekend — amid renewed

first_imgThis is the weekend most Canadians will gain an hour of sleep as they switch from daylight saving time to standard time.In most parts of the country, clocks should be turned back one hour by 2 a.m. Sunday.The time change doesn’t apply to Saskatchewan, which remains on central standard time year-round.Other parts of Canada that keep to standard time include northeastern British Columbia, the East Kootenay region of southeastern B.C., three communities in northwestern Ontario, the eastern tip of Quebec and Southampton Island in Nunavut.But there are rumblings across the continent that people are growing weary of moving their clocks ahead one hour in the spring — losing an hour of sleep — and then turning them back in the fall.The Alberta government looked into scrapping daylight saving time before rejecting the idea last week, and there are similar proposals taking root in New England, where there are several anti-DST bills at various stages.last_img read more

A giant step forward new 10 bill featuring Viola Desmond to enter

first_imgThe new banknote featuring a picture of Viola Desmond will go into circulation tomorrow, and the civil rights activist’s sister will be the first person to use it.Wanda Robson will make the first official purchase with the new $10 bill during a ceremony tomorrow at the Canadian Museum for Human Rights in Winnipeg.The 91-year-old is set to buy a book that she co-wrote with Cape Breton University professor Graham Reynolds about Demond’s life and legacy.Robson says she’ll give the book to give to her 12-year-old granddaughter so she can learn more about her great-aunt’s story.Desmond will be the first black woman to be featured on a Canadian banknote.She was arrested in 1946 after she refused to leave the whites-only area of the Roseland Theatre in New Glasgow, N.S., which has since become one of the most high-profile incidents of racial discrimination in Canadian history.But it was only after Desmond died in 1965 that her story was widely told.She has since received numerous accolades, including having a Halifax Transit ferry named after her and recieving a star on Canada’s Walk of Fame.Robson hopes the new bill will bring even more awareness to her sister’s story and will be a “giant step forward” in terms of continuing Desmond’s work toward equality.The Canadian Presslast_img read more

Canadas feminist policy a perfect fit for South Sudan says UN refugee

first_imgOTTAWA — A senior United Nations official says Canada could find a win for its feminist foreign policy in the spiralling famine and refugee crisis gripping South Sudan and neighbouring African countries.Arnauld Akodjenou, the UN High Commissioner’s South Sudan co-ordinator, is in Ottawa today to press the Trudeau government for more Canadian involvement to alleviate one of the world’s worst humanitarian disasters.South Sudan’s five-year civil war has killed 400,000 and forced 2.2 million people to flee their country and 80 per cent of them are women and children, he says.Akodjenou says the South Sudan crisis is the perfect test case for the Canadian foreign-aid policy focused on helping women and girls in developing countries.Moreover, Canada has strong relations in the half-dozen neighbouring countries that are themselves buckling under the influx of refugees, so Akodjenou says by helping those countries the government could also make any new aid go much further.Last week, a coalition of East African countries approved a six-month extension to a fragile peace deal that calls for South Sudan’s rival factions to form a unity government.The Canadian Presslast_img read more

Premier Legault to force the Caisse to purchase REM trains made in

first_imgMONTREAL — Premier Francois Legault says his government will force the Caisse to purchase trains made in Quebec as part of the extension of Montreal’s Reseau Express Metropolitain light-rail system.Legault made the statement Saturday morning at the Coalition Avenir Quebec’s party convention on green issues in Montreal.The Caisse, Quebec’s pension fund operator, has a mandate to operate independently and free of political interference in its decisions.Legault said Saturday he never understood why the former Liberal government did not require the Caisse to purchase products manufactured in Quebec.Environment Minister Benoit Charette echoed the statement, telling reporters there will be a local content requirement for the second phase of the REM transit network. He added that any infrastructure project related to public transit will now have Quebec content requirements.The CAQ government has pledged to extend the REM, which the Caisse owns, by nearly 40 kilometres to Laval and Chambly. Nearly half of the $6-billion-plus project is being paid for with public funds.The Canadian Presslast_img read more

ViceAdmiral Mark Norman acknowledged during navy change of command ceremony

first_imgHALIFAX — Vice-Admiral Mark Norman was acknowledged publicly by the chief of the defence staff during a navy ceremony today in Halifax.Questions have swirled around the future of Norman, who has expressed a desire to return to duty after a breach-of-trust case was dropped last month against the former second-in-command of Canada’s Armed Forces.Norman was on hand in uniform for the colourful change of command ceremony Wednesday and was mentioned at the beginning of remarks made by defence chief Gen. Jonathan Vance.Vance welcomed Norman, saying “great to have you here mate,” adding “the family’s all together again, it feels good,” to warm applause.Neither Norman nor Vance were made available to reporters following the ceremony at Her Majesty’s Canadian Dockyard.The two were together last month in what the military described as a “cordial” meeting, although there has been no word since on when Norman will return to duty, or in what role.Command of the Royal Canadian Navy was passed Wednesday from Vice-Admiral Ron Lloyd to Vice-Admiral Art McDonald.The Canadian Presslast_img read more

Quebec invests 47 million in youth protection to cut down wait lists

first_imgMONTREAL — The Quebec government is investing $47 million in the province’s maligned youth protection system, in an effort to add more staff and cut down on lengthy wait lists.Junior health minister Lionel Carmant says the money announced Thursday will be used to add up to 400 employees to reduce burnout and eliminate the backlog of cases.Carmant says the province plans to recruit heavily on new graduates to fill the positions.The Quebec government has announced a commission to look into the youth protection system as a whole, but Carmant says he didn’t want to wait for its findings to begin adding more resources.The commission was announced following the death of a seven-year-old girl in Granby, Que. who’d been followed by youth protection services from birth and whose slaying last April sparked outrage and raised questions about the system’s effectiveness.The funding is being spread across the province, with heavy investments in the greater Montreal area.The Canadian Presslast_img read more

Netflixs subscriber growth droops in 2Q stock tumbles

first_imgSAN FRANCISCO — Netflix’s video streaming service suffered a dramatic slowdown in growth during its traditionally sluggish spring season, a drop-off coming as it girds for challenges from a star-studded cast of entertainment and technology companies.The service picked up 2.7 million worldwide subscribers for the April-June period. That’s far below the 5 million subscribers forecast by Netflix. The second-quarter letdown announced Wednesday comes after Netflix attracted nearly 10 million subscribers during the first three months of the year .Netflix ended June with 151.6 million worldwide subscribers, far more than a current crop of video streaming rivals such as Amazon and Hulu.But stiffer competition looms this fall when Walt Disney Co. and Apple plan to launch their own streaming channels.Netflix’s stock tumbled by more than 10% in extended trading.The Associated Presslast_img read more

121212 Concert To Be Broadcast Live And Released On iTunes

first_imgSirius XM Radio has announced that the 12.12.12 concert to aid the victims of Hurricane Sandy will air on E Street Radio, channel 20, and Pearl Jam Radio, channel 22, on December 12, 2012 at 7:30 pm ET. And Columbia Records has announced that a selection of 24 live tracks from the event will be available for pre-order on iTunes starting today.“SiriusXM recognizes the importance of reaching as many people as possible to raise funds for the victims of Hurricane Sandy,” said Scott Greenstein, President and Chief Content Officer, SiriusXM. “We hope that our generous and informed listeners will join the millions of people donating aid to support the recovery and help the victims of the storm.”The all-star musical lineup performing at the “12-12-12” concert December 12, 2012 at Madison Square Garden in New York City includes Bon Jovi, Eric Clapton, Dave Grohl, Billy Joel, Alicia Keys, Chris Martin, The Rolling Stones, Bruce Springsteen & the E Street Band, Eddie Vedder, Roger Waters, Kanye West, The Who and Paul McCartney.“12.12.12” will be distributed worldwide to nearly two billion people through television feeds, radio and online streaming and available to 114 million television households in the US and to more than 400 million television households outside the country via networks and feeds in North and South America, Europe, Africa, Asia and Australia.Thanks to the generosity of concert organizers, sponsors, and Robin Hood’s board of directors, every single penny from ticket purchases and donations will go to serve the victims of Hurricane Sandy through the Robin Hood Relief Fund.The concert is being produced by James Dolan, Executive Chairman of The Madison Square Garden Company; John Sykes, President of Clear Channel Entertainment Enterprises; and Harvey Weinstein, Co-Founder and Chairman of The Weinstein Company.Columbia Records announced today that they will release music from the “12-12-12” benefit concert, presented by Chase, to provide the most assistance possible to the victims of Hurricane Sandy through the Robin Hood Relief Fund. The fundraising concert at Madison Square Garden on Wednesday will feature iconic performers and a selection of 24 live tracks from the event will be available for pre-order on iTunes starting today at iTunes.com/121212. A physical album will be made available as soon as possible.The net proceeds from the soundtrack will go to the Robin Hood Relief Fund, which is providing money, material and know-how to local organizations that are serving families and individuals in the regions hardest hit by the storm.The most up to date information on “12-12-12” can be found by visiting www.121212concert.org.Source:PR Newswirelast_img read more