(ANSA) – ROME, 23 NOV – About 7.6 million people in Italy are experiencing a decline in living standards and nearly two-thirds are concerned about the outlook for 2021, according to a new report released on Monday by the CENSIS research institute. and asset management firm Tendercapital.
“Five million Italians have difficulty providing proper food, 7.6 million have experienced a decline in their standard of living,” the report said.
“60% believe that losing their job or income is something they can afford next year.”
It said the employment rate for men in Italy was 20 percent higher than for women. (ANSA).
One of the most comprehensive studies of the Australian education system found that postal code and family background influence the opportunities available to students from preschool to adulthood, with one in three disadvantaged students falling through the gap.
The main point:
The study tracked 300,000 children from school to adulthood
Students from disadvantaged backgrounds are less likely to progress to work or further study
Anne Hampshire of the Smith Family believes this problem can be fixed in a generation
Sergio Macklin, vice chair of education policy at Victoria University’s Michell Institute, released the Education Opportunities in Australia report, which calls for additional resources immediately to help disadvantaged, Indigenous and remote students.
“Educational success is closely tied to the wealth of young people’s families and where they grow up,” said Macklin.
“I think Australia is really disappointing students from low-income families, Aboriginal students, and those in remote areas.”
The report criticized the progress of last December’s Alice Springs Education Council meeting at which, after Australia’s poor performance compared to its international counterparts, education ministers pledged to deliver a system that generates excellence and equity.
Last year’s poor results on educational equality have now been exacerbated by distance learning, with some students without internet or stability at home falling weeks behind their peers.
“The children and adolescents most severely served by the education system are probably the most affected by it,” said Macklin.
“So you’ll see work stress in the family dramatically increases student vulnerability.”
The report follows the progress of more than 300,000 students from school to primary school, to high school and into early adulthood.
Mr Macklin believes this problem will take a generation to fix.
The report found that disadvantaged students were more than twice as likely to be out of school or work by age 24 than their peers.
The national average of students who are not working or studying is 15 percent, but this increases to 32 percent of students from the lowest SES backgrounds, 38 percent from very remote areas and 45 percent among Indigenous youth.
“I think what this report highlights is that we are missing opportunities for youth in adulthood – and that’s a real problem for young people,” said Macklin.
Fight the trend
About half an hour outside of Canberra, in the New South Wales region, 14-year-old Caitlyn, 16-year-old Iliana, 13-year-old William and their mother, Mem, buck the trend, with the help of the Smith Family.
They are members of a proud Indigenous family who hail from the country of Djangadi, far northeast of NSW.
Distance learning has been a challenge for everyone, but solving it in a two bedroom apartment that accommodates three teenagers and their single mother has its own challenges.
Even getting a table is a big hurdle.
“I’m afraid they will fight,” said Miss.
“How do we all get enough space? Because there’s nowhere to go and you’re not really allowed out.
William slept in the living room and his bedroom became a kind of school headquarters.
“I’m in the waiting room and it’s the most common area in the house. Iliana and Caitlyn have their own bedroom,” William said.
Caitlyn feels a difficult change from school.
“After a few weeks, I realized it was lousy, because I sometimes have trouble just learning online,” said the 9th grader.
But for the eldest of three children, Iliana, who is 16 years old, feels comfortable.
“I think we had a little trouble at first adjusting because we didn’t know exactly who was going to be where and who was bothering whom, but eventually we found our rhythm about how to do things,” he said.
Nona is proud of the dedication of her three children.
All are on track to become future indigenous leaders, and with the extra support they were fortunate enough to organize, they have returned to school on par with their peers.
The Smith Family’s head of research, Anne Hampshire, said it was proof it could be done.
He said equality in education could be achieved faster than in a generation if philanthropists, educators, welfare agencies and all levels of government came together.
“What is concretely seen, the kind of support that makes a difference, is a high quality pre-school program before children start school and then provide financial, emotional, and educational support – things like high-quality reading programs, after-school learning clubs. , “said Ms Hampshire.
He said the investment would soon be paid back through lower levels of welfare and health problems for those who continue to pass through the gap.
“The international evidence is that [with that], more people can do well educationally. “
EU Stiff Food Import Standard and California Wine Renewal
From the Ag Information Network, I’m Bob Larson with Your Agribusiness Renewal.
** Livestock organizations from across the country sent letters to Senate Committee chairman Ag Pat Roberts, and Congressman Collin Peterson, chair of the Ag House Committee, encouraging support of S. 4647 and HR 8557, the proposed Cattle Market Transparency Act 2020.
The letter said the two measures represented a balanced approach between providing key information and transparency for cattle producers while maintaining the confidentiality of the packaging sector.
The groups are calling for full and fair consideration and trial on the first suitable date possible.
** The EU is moving to raise environmental and food safety standards for agriculture under the “Farm to Fork” strategy, which will eventually also apply to food imports.
Mercatus Center economist Christine McDaniel said if the EU went this path in a way consistent with the WTO, it would be up to American farmers and food processors to figure out how to meet European consumer demand within the Farm to Fork guardrail.
** About a quarter of Sonoma County’s grapes will not be picked this year, according to estimates released last week.
The Sonoma County Grape Growers Organization said the wildfires and economic problems related to the pandemic were causing losses, which could total more than $ 150 million.
More than 70% of farmers surveyed said at least some of them
their grapes will not be picked or rejected by the wineries due to forest fires or associated smoke.
KARACHI: The Federal Revenue Council (FBR) estimates Rs49 billion in losses due to sales tax concessions awarded to retailers who share transactions with tax authorities in real-time, it became known on Friday. An official document shows that FBR estimated Rs49 billion as revenue loss from the reduction in the permitted sales tax rate to retail outlets, which had been integrated with FBR’s computerized system.
Concessions have been awarded for the 2020 tax year and most textile and leather goods retailers have taken advantage of these benefits.
Retailers that comply with point-of-sale integration (POS) laws are entitled to a sales tax of 12 percent versus the normal 17 percent. A senior official at the Karachi Regional Tax Office (RTO) told The News the revenue loss to the rate reduction, however, was much lower than the adverse revenue impact under the zero sales tax rating.
“FBR aims to document the economy and identify potential taxpayers,” the official said. “As the number of tier 1 retailers implementing POS increases, sales tax collection will increase. Direct tax revenues will also have a positive impact in the coming years.
The official said FBR extended the deadline for POS integration to November 30 from August 31.
The official said that the extension of time may be of no use to individuals who have received recovery notifications. “Now they have the option to appeal the notification,” the official said.
Tax authorities issue thousands of notifications to large retailers who fail to comply with legal requirements to digitally integrate their trade transactions with a real-time point of sale system. Non-compliant taxpayers could be fined up to one million rupees.
Sources said a new section (43 A) was incorporated into the sales tax law, through the 2017 Finance Act. Under the law, large retailers are required to integrate their outlets with the FBR system.
This requirement is for retailers, operating as units of a national or international chain of stores, in air-conditioned shopping centers, squares or shopping centers, excluding kiosks, whose cumulative utility bills for the previous 12 consecutive months exceed Rs1.2 million. , is involved in bulk import and wholesale supply of consumer goods to retailers, and in retail to the general public of consumers and its stores of 1,000 square feet in area or more. The normal sales tax is 17 percent. However, the tax rate was lowered to 14 percent for retailers engaged in the sale of textiles and leather goods to ensure economic documentation at the retail stage. The source said the sales tax was further reduced to 12 percent if the goods supplied were finished fabrics and finished goods produced locally from textiles and finished textiles, and leather and artificial leather on condition that they retain 4 percent added value over the past six years. month.
RTO Karachi initiated punitive action against several Tier-1 retailers, for failing to comply with the law.
Pakistan International Airlines (PIA) has suffered losses of Rs31.9 billion this year due to the Covid-19 pandemic, said Chief Executive Officer Arshad Malik while giving a presentation to the cabinet on progress and strategies to revive the airline.
During the meeting, the cabinet was informed that PIA’s revenue had increased 42.5% in 2019. When Prime Minister Imran Khan inquired about PIA’s total debt, he was informed that it was up to Rs400 billion with annual interest payments of Rs24 billion.
The Prime Minister’s Adviser on Institutional Reform and Austerity, Ishrat Husain, stressed that the only viable option for reviving the national airline was to split it into two companies.
This would lead to the formation of a new core business operating company without any debt and obligations, which would be able to secure loans without any sovereignty guarantees, and to establish a non-core business where all debts and liabilities would be parked, he said.
It said PIA had both the power and the right to a profitable route, guaranteed during its golden years, and splitting the airline in half would give it a fair chance of bouncing back.
It is suggested that PIA target nine million Pakistani expats with the aim of encouraging them to travel via the national airline.
Several factors have been highlighted that have contributed to the loss of PIA over the years. These include old planes with poor seating arrangements, no entertainment system, flying to unprofitable destinations, over-staffing, union activity and corruption.
Loans and inheritance obligations as well as political intervention are other reasons that contribute to these losses. The current government has chosen new management to revive the airlines.
In his presentation, it was stated that 2019 was the year of achievement because PIA’s income jumped 42.5%. After eight years, PIA earned a gross profit of Rs7.8 billion in 2019 compared to a gross loss of Rs19.7 billion in 2018.
Its operating loss decreased to Rs7.7 billion in 2019 compared to Rs32.1 billion in the previous year, representing a 75.9% increase.
The reasons for the improvements included an 82.5% increase in the seat factor, increased passengers, cargo, charter services, excess baggage etc., which resulted in revenue of Rs44 billion. The three grounded aircraft are put into operation with the help of PIA’s own resources.
Another factor is the loss of route closures and the addition of profitable routes. PIA management implemented the HITIT system, resulting in savings of $ 10 million per year, operating losses reduced by 76% through cost-cutting measures, improved corporate discipline and a performance policy enforced.
However, due to Covid-19, PIA was unable to maintain its income. Normal operations were stopped in the first week of March and from the last week of the month there was a complete suspension.
Previously, management had targeted a revenue of Rs194.5 billion and an operating profit target of Rs0.3 billion. However, later on, they revised down their revenue target to Rs94.5 billion and projected an operating loss of Rs31.9 billion following the Covid-19 outbreak.
During the pandemic, PIA missed the main season of Umrah and Haj operations. There are also falls of travel for vacation, work and other purposes.
Flights to Europe were also suspended following an investigation into the PIA pilot license. PIA has hired a consultant and an interim response has been provided to the European Union Air Security Agency (EASA). The final response will be on 15 October.
PIA management has targeted December 2020 for restructuring of human resources. The number of airline employees currently reaches 14,500 people.
The company has planned for resizing through a segregation of 4,000 non-core employees and a voluntary separation scheme (VSS) for 3,000 employees. VSS will cost around Rs12.87 billion with a payback in two and a half or three years.
PIA has sought to lease 10 aircraft which will expire in 2021. However, it is stated that the current aircraft lease will be a burden to airlines due to Covid-19.
Following the presentation, the cabinet directed the Aviation Division to prepare a comprehensive revival plan for PIA and presented it to the Economic Coordination Committee (ECC) for discussion.
Published in The Express Tribune, October 15th, 2020.