Deputy Pearse Doherty has written to the Central Bank asking that they encourage the banks and financial institutions to assist the families affected by Mica defective blocks.The families are being asked to make a 10% contribution they will have to make to the cost of making their homes safe under the forthcoming Redress/ Repair Scheme.Senator Padraig Mac Lochlainn and Deputy Doherty had submitted a similar request to the Minister for Finance through a parliamentary question. However, this was ruled out of order under Oireachtas rules as the Minister is not directly responsible for the banks.Senator Mac Lochlainn said “I commend the efforts of the Mica Action Group in Donegal who have been engaging with the banks and financial institutions to attain commitments on their contribution to the 10% of the cost of making family homes safe across the county.“The Government have confirmed that the homeowners must contribute 10% of the overall costs under the soon to be announced Mica Redress/ Repair Scheme. This 10% contribution will not be possible for many families who are already struggling to pay their mortgage on homes that are falling apart”.“It is therefore incumbent on the banks and financial institutions to step up to the plate and assist these families. At the very least, they need to supply interest-free loans but they should also cover some, if not most of the 10% cost.” He added that this is very much in their financial interest as these homes have dramatically reduced in value due to the presence of these defective blocks and the deterioration of the structures.He added “If they ensure that these homes are made safe by helping the affected families with adequate financial supports, then everyone wins.”Sinn Féin have now written to the Central Bank, requesting that they encourage and facilitate the banks and financial institutions to do just that.Central Bank asked to encourage banks to assist Mica-affected families in Donegal was last modified: December 16th, 2019 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:banksdonegalFinanceMICA
NAGPUR: Nagpur, with its mix of infrastructure and culture, has the potential to become the centre of development of the country, President Ram Nath Kovind said on Friday. The President, who was on a day-long tour of Nagpur on Friday, visited Deekshabhoomi, where Dr. B.R. Ambedkar converted to Buddhism with lakhs of his followers in 1956. Mr. Kovind also inaugurated the Suresh Bhat Natya Sabhagrah and a vipassana meditation centre at the Dragon Palace Temple complex in Kamptee area on the outskirts of Nagpur. This was his first visit to Maharashtra after assuming the office of President. “Maharashtra is the karmabhoomi of many revolutionaries, social reformers, and saints. The list of great social and political leaders produced by the State is a long one. Maharashtra was one of the main centres of the freedom struggle. Many important chapters of the freedom movement, including the Quit India movement of 1942, were written in Maharashtra. Mahatma Gandhi regarded Gopal Krishna Gokhale as his guru, and made Wardha his workplace,” Mr. Kovind said at the inauguration of the Suresh Bhat Natya Sabhagrah. He added, “Maharashtra is not only a hub of industry and business of the country, but that of its culture and art as well. Mumbai is described as the economic capital of India. By linking its heritage of education and culture with trade and technology, Maharashtra is giving strength to the entire country in the 21st century. In the quest for development and economic change, we have to take care to keep our cultural moorings intact. In this context, Maharashtra is setting an example for the nation.” He appreciated “the rapid development of modern infrastructure in Nagpur”. “The Zero Mile Nagpur, traditionally regarded the geographical centre of the country, has the potential to become the centre of development of India as well,” the President said. Earlier, at the inauguration of the vipassana centre, Mr. Kovind called vipassana an effective way to cleanse our mind and body. He said the ideals of Buddhist philosophy were reflected in the Constitution.