wisepowder's blog
Recently, the 3rd International Talent Development & Management
Forum dedicated to the Master of International Business (MIB) program
was held in Antai College of Economics & Management (ACEM). Dean
Chen Fangruo, Prof. Tang Ningyu, Prof. Lu Lin and more than 30 business
leader and heads from fellow departments of the University attended the
forum.To get more news about best Master in Management program in China, you can visit acem.sjtu.edu.cn official website.
The forum began with Prof. Chen Fangruo’s speech, in which he analyzed the latest development trends of business schools at home and abroad, while expressing his own views on the development goal of ACEM and the approach to international talent development under the current situation. Prof. Chen hoped that the international students at ACEM would have a better career development with the concerted efforts of the college and the business community, and they could in turn contribute to the international development of Chinese enterprises.
Then, Prof. Lu Lin, Director of the MIB Program, introduced in detail the evolution of the program since its launch in 2013, highlighting the internship and employment of MIB students.
In the keynote session, business leaders and SJTU teachers in charge of the international program delivered keynote speeches around the theme of “Developing International Talents for International Businesses”. In the seminar session, the guests explored “how to help businesses better recruit and manage international talents”.
Finally, Prof. Tang Ningyu shared in-depth analysis of and made recommendations on “how the MIB program at ACEM can achieve more in the new era”. She highly recognized what the MIB program had accomplished over the past six years, and hoped that this success would continue.
The forum began with Prof. Chen Fangruo’s speech, in which he analyzed the latest development trends of business schools at home and abroad, while expressing his own views on the development goal of ACEM and the approach to international talent development under the current situation. Prof. Chen hoped that the international students at ACEM would have a better career development with the concerted efforts of the college and the business community, and they could in turn contribute to the international development of Chinese enterprises.
Then, Prof. Lu Lin, Director of the MIB Program, introduced in detail the evolution of the program since its launch in 2013, highlighting the internship and employment of MIB students.
In the keynote session, business leaders and SJTU teachers in charge of the international program delivered keynote speeches around the theme of “Developing International Talents for International Businesses”. In the seminar session, the guests explored “how to help businesses better recruit and manage international talents”.
Finally, Prof. Tang Ningyu shared in-depth analysis of and made recommendations on “how the MIB program at ACEM can achieve more in the new era”. She highly recognized what the MIB program had accomplished over the past six years, and hoped that this success would continue.
China's economic recovery gathered pace in the third quarter, according
to an AFP poll of analysts, with consumer spending gradually picking up
as coronavirus fears eased, helping a wider rebound spurred by
investment and exports.To get more latest china economy news, you can visit shine news official website.
Growth in July-September is expected to come in at 5.2 percent when official data is released Monday, bringing the world's second-largest economy closer to last year's 6.1 percent annual expansion, even as countries around the world struggle to contain the deadly pandemic.
With the virus now largely under control in China, most social distancing measures have been removed -- and consumers have streamed back into restaurants and malls, hopped on flights and trains for domestic holidays and packed tourist districts.
AFP's survey, involving analysts from 13 institutions, also forecast full-year growth of 2.3 percent, slightly above the International Monetary Fund's forecast, which tagged China as the only major economy likely to expand this year.
"China's stimulus has differed from that of much of the region with its focus on the industrial sector and construction, rather than for small and medium-sized enterprises or direct payments to the unemployed," said Moody's Analytics economist Xu Xiaochun.Thus, China's rapid recovery is led by goods-producing industries and export shipments."
Nathan Chow of DBS Bank added that the biggest boost came from investments, especially those driven by the government, while overseas demand has also improved.
While consumer spending has lagged behind, it is catching up "at least among middle- and upper-income households", and retail sales are nearing their levels of late 2019, Xu said.But economists maintained that growth will be modest and driven mostly by production rather than services, adding that lingering uncertainty has led to an increase in savings.
HSBC analysts added in a recent report that China's recovery has been "highly uneven", stressing a rebound in the private sector will be "essential for a sustainable economic recovery".
Economists warned, however, that a sharp rebound is unlikely for Chinese consumer demand given the anxiety surrounding the coronavirus, while global tensions are also weighing on the external market.Tommy Wu, lead economist at Oxford Economics, said analysts are still "waiting for signs of a more significant improvement in employment, which will underpin consumption".
Consumers will remain wary about buying large amounts of goods and services during economic uncertainty, while "the external market is not likely to help the Chinese economy either", said Raphie Hayat, senior economist at Rabobank.
"China's tensions with several countries are increasing, while some of its trading partners are experiencing second wave outbreaks of the virus."
This could boost certain exports such as protective equipment and electronics but the effect will "likely be more than offset by generally weaker external demand", he added.
Growth in July-September is expected to come in at 5.2 percent when official data is released Monday, bringing the world's second-largest economy closer to last year's 6.1 percent annual expansion, even as countries around the world struggle to contain the deadly pandemic.
With the virus now largely under control in China, most social distancing measures have been removed -- and consumers have streamed back into restaurants and malls, hopped on flights and trains for domestic holidays and packed tourist districts.
AFP's survey, involving analysts from 13 institutions, also forecast full-year growth of 2.3 percent, slightly above the International Monetary Fund's forecast, which tagged China as the only major economy likely to expand this year.
"China's stimulus has differed from that of much of the region with its focus on the industrial sector and construction, rather than for small and medium-sized enterprises or direct payments to the unemployed," said Moody's Analytics economist Xu Xiaochun.Thus, China's rapid recovery is led by goods-producing industries and export shipments."
Nathan Chow of DBS Bank added that the biggest boost came from investments, especially those driven by the government, while overseas demand has also improved.
While consumer spending has lagged behind, it is catching up "at least among middle- and upper-income households", and retail sales are nearing their levels of late 2019, Xu said.But economists maintained that growth will be modest and driven mostly by production rather than services, adding that lingering uncertainty has led to an increase in savings.
HSBC analysts added in a recent report that China's recovery has been "highly uneven", stressing a rebound in the private sector will be "essential for a sustainable economic recovery".
Economists warned, however, that a sharp rebound is unlikely for Chinese consumer demand given the anxiety surrounding the coronavirus, while global tensions are also weighing on the external market.Tommy Wu, lead economist at Oxford Economics, said analysts are still "waiting for signs of a more significant improvement in employment, which will underpin consumption".
Consumers will remain wary about buying large amounts of goods and services during economic uncertainty, while "the external market is not likely to help the Chinese economy either", said Raphie Hayat, senior economist at Rabobank.
"China's tensions with several countries are increasing, while some of its trading partners are experiencing second wave outbreaks of the virus."
This could boost certain exports such as protective equipment and electronics but the effect will "likely be more than offset by generally weaker external demand", he added.
China remains cautiously optimistic about its economic growth prospects
despite the global pandemic, claiming that the world’s second-largest
economy is steadily recovering from a virus-induced slump. However,
several roadblocks lay ahead in Beijing’s quest to reach high income
levels. President Xi Jinping said recently that China’s economy remains
resilient and that Beijing has adequate policy tools at its disposal,
despite rising external risks. “The basic characteristics of China’s
economy with sufficient potential, great resilience, strong vitality,
large space for maneuver and many policy instruments have not changed,”
state-run Xinhua news agency quoted Xi as saying. To get more China economy news, you can visit shine news official website.
“We must seek our development in a more unstable and uncertain world,” he said, urging calm amid rising difficulties and challenges. “The great rejuvenation of the Chinese nation can never be achieved easily with the beating of gongs and drums,” he said. The Asian Development Bank said recently that China—where Wuhan, was where the global coronavirus pandemic began—was one of the few economies in the region fighting the downturn. It forecast China would grow by 1.8 per cent this year and 7.7 per cent in 2021, with “successful public health measures providing a platform for growth”. At a deeper, structural level, however, China’s economy is facing an uphill struggle.
China recorded its lowest GDP growth in almost half a century in 2019, at 6.1 percent, and 2020 has only been worse. As the country’s economic might began to wilt, Beijing in the first quarter of this year openly acknowledged an economic downturn for the first time since 1976, with the National Bureau of Statistics announcing on April 17 that the economy contracted by 6.8 percent compared to the same period a year earlier. Surprisingly, during the annual National People’s Congress of the Chinese Communist Party (CCP) on May 22, no GDP growth target was announced for the first time in 30 years. Officials cited “great uncertainty” caused by the coronavirus pandemic, an acknowledgement of the steep challenges the country faces amid a struggling economy and increasing international hostility.
China’s GDP saw double-digit growth every year from 2003 until it peaked at 14.2 percent in 2007, but has been in a long decline since then. By 2018 it had dropped to 6.6 percent, followed by 6.1 percent in 2019. However, the COVID-19 pandemic is not to blame for this meltdown; it merely aggravated the difficult situation China’s economy was already in, but which the CCP has sought to camouflage with its propaganda. Experts note an even more serious development. Large banks such as the China Construction Bank and the Bank of China recently posted their biggest profit declines in a decade. While official figures put the drop in GDP at 6.8 per cent, the actual figures are likely to be higher, despite—or because of—the government’s US$559-billion (about 736.3 trillion kyats) revival package.
“We must seek our development in a more unstable and uncertain world,” he said, urging calm amid rising difficulties and challenges. “The great rejuvenation of the Chinese nation can never be achieved easily with the beating of gongs and drums,” he said. The Asian Development Bank said recently that China—where Wuhan, was where the global coronavirus pandemic began—was one of the few economies in the region fighting the downturn. It forecast China would grow by 1.8 per cent this year and 7.7 per cent in 2021, with “successful public health measures providing a platform for growth”. At a deeper, structural level, however, China’s economy is facing an uphill struggle.
China recorded its lowest GDP growth in almost half a century in 2019, at 6.1 percent, and 2020 has only been worse. As the country’s economic might began to wilt, Beijing in the first quarter of this year openly acknowledged an economic downturn for the first time since 1976, with the National Bureau of Statistics announcing on April 17 that the economy contracted by 6.8 percent compared to the same period a year earlier. Surprisingly, during the annual National People’s Congress of the Chinese Communist Party (CCP) on May 22, no GDP growth target was announced for the first time in 30 years. Officials cited “great uncertainty” caused by the coronavirus pandemic, an acknowledgement of the steep challenges the country faces amid a struggling economy and increasing international hostility.
China’s GDP saw double-digit growth every year from 2003 until it peaked at 14.2 percent in 2007, but has been in a long decline since then. By 2018 it had dropped to 6.6 percent, followed by 6.1 percent in 2019. However, the COVID-19 pandemic is not to blame for this meltdown; it merely aggravated the difficult situation China’s economy was already in, but which the CCP has sought to camouflage with its propaganda. Experts note an even more serious development. Large banks such as the China Construction Bank and the Bank of China recently posted their biggest profit declines in a decade. While official figures put the drop in GDP at 6.8 per cent, the actual figures are likely to be higher, despite—or because of—the government’s US$559-billion (about 736.3 trillion kyats) revival package.
The coronavirus pandemic ripped through the economy with frightening
speed, spurring job losses in every U.S. state in April. The largest
deterioration in the labor market occurred in Michigan, Vermont and New
York.To get more news about WikiFX, you can visit wikifx official website.
In Michigan, payrolls plummeted 22.8%, or a little more than 1 million, from the prior month to 3.4 million, according to Labor Department report Friday. Vermont, with a much smaller population, registered a 19.6% decline, while employment in New York slumped 18.8%.
Meanwhile, unemployment rates in 43 states were the highest in records back to 1976. The jobless rates in Nevada and Hawaii exceeded their previous records by more than 10 percentage points each. Unemployment in Nevada jumped 21.3 percentage points to 28.2%, while Hawaiis climbed 19.9 points to 22.3%. Michigan posted the third-largest increase -- an 18.4 point rise to 22.7%.
The state data offer a more granular look at the 20.5 million job losses seen across the nation in April -- 10 times the previous record decline, according to the Labor Departments monthly jobs report. The unemployment rate jumped to 14.7%, the highest in government records dating back to the 1940s.
While the job losses in Oklahoma, Arkansas and Wyoming and still numbered in the thousands, those states saw the slowest paces of deterioration in payrolls. Employment dropped by around 8% in those states from a month earlier. Meanwhile, jobless rates remained in single digits in just eight states, with Connecticut registering the lowest at 7.9%.
In Michigan, payrolls plummeted 22.8%, or a little more than 1 million, from the prior month to 3.4 million, according to Labor Department report Friday. Vermont, with a much smaller population, registered a 19.6% decline, while employment in New York slumped 18.8%.
Meanwhile, unemployment rates in 43 states were the highest in records back to 1976. The jobless rates in Nevada and Hawaii exceeded their previous records by more than 10 percentage points each. Unemployment in Nevada jumped 21.3 percentage points to 28.2%, while Hawaiis climbed 19.9 points to 22.3%. Michigan posted the third-largest increase -- an 18.4 point rise to 22.7%.
The state data offer a more granular look at the 20.5 million job losses seen across the nation in April -- 10 times the previous record decline, according to the Labor Departments monthly jobs report. The unemployment rate jumped to 14.7%, the highest in government records dating back to the 1940s.
While the job losses in Oklahoma, Arkansas and Wyoming and still numbered in the thousands, those states saw the slowest paces of deterioration in payrolls. Employment dropped by around 8% in those states from a month earlier. Meanwhile, jobless rates remained in single digits in just eight states, with Connecticut registering the lowest at 7.9%.
According to the latest US Treasury International Capital report,
overseas investors sold off a US$299.3 billion of US Treasury bonds
during the bond market's rally in March, breaking the record of monthly
sell-off.To get more news about WikiFX, you can visit wikifx official website.
The sell-off wave in US Treasury bonds shows that overseas banks and companies are selling dollar-denominate assets to obtain US dollars.
The 10-year US Treasury yield fell to a historical low of about 0.32% in March, and closed at 0.64% last Friday. In March, China dropped U.S. Treasury holdings by US$10.7 billion from that of February to US$1.0816 trillion, the first time in the year to reduce US T-bond holdings. China has been the world's second largest holder of US bonds since last June.
Up to the same month, Japan was still the top overseas holder of US bonds. Its holdings increased by US$3.4 billion from February to US$ 1.2717 trillion, growing for the third consecutive month and ranking the world's first since June last year.
Thomas Simons, senior money market economist at Jefferies LLC, said that with the global market crash in March, global companies are accessing revolving line of credits from the bank, leading to the surge of dollar demands.
The sell-off wave in US Treasury bonds shows that overseas banks and companies are selling dollar-denominate assets to obtain US dollars.
The 10-year US Treasury yield fell to a historical low of about 0.32% in March, and closed at 0.64% last Friday. In March, China dropped U.S. Treasury holdings by US$10.7 billion from that of February to US$1.0816 trillion, the first time in the year to reduce US T-bond holdings. China has been the world's second largest holder of US bonds since last June.
Up to the same month, Japan was still the top overseas holder of US bonds. Its holdings increased by US$3.4 billion from February to US$ 1.2717 trillion, growing for the third consecutive month and ranking the world's first since June last year.
Thomas Simons, senior money market economist at Jefferies LLC, said that with the global market crash in March, global companies are accessing revolving line of credits from the bank, leading to the surge of dollar demands.
Gold-Silver Ratio once hit a historical high of 112.82 in March 2nd this
year. Now its slightly down, hovering around 100, but still at a
relatively high level.To get more news about WikiFX, you can visit wikifx official website.
Spot silver dropped an overall 21.59% in the first quarter, with a performance much inferior to spot gold. But spot silver seemed to have its day coming in May, gaining 7.9% in compare to spot golds 3.06% rise. We see at least 3 reasons for silver to outperform gold.
First of all, historical data shows silver is relatively cheaper than gold.
Secondly, silver‘s positions are clearer (less packed than gold’s positions)
Finally, reopening of economy will likely see a rebound of industrial activities, and given that 50% of annual silver output is consumed by the industrial sector, silver consumption is expected to hike.
For speculative purpose, there‘s still plenty of room for silver. CFTC Commitment of Traders report shows that as of the week ending May 5th, investors cut their net long positions in silver by 403 tonnes, with net longs accounting for only 17% of open interests, significantly less than the historical peak of 57%. This suggests that once the market sentiment turns around, there’s plenty of room for additional speculative purchases.
Spot silver dropped an overall 21.59% in the first quarter, with a performance much inferior to spot gold. But spot silver seemed to have its day coming in May, gaining 7.9% in compare to spot golds 3.06% rise. We see at least 3 reasons for silver to outperform gold.
First of all, historical data shows silver is relatively cheaper than gold.
Secondly, silver‘s positions are clearer (less packed than gold’s positions)
Finally, reopening of economy will likely see a rebound of industrial activities, and given that 50% of annual silver output is consumed by the industrial sector, silver consumption is expected to hike.
For speculative purpose, there‘s still plenty of room for silver. CFTC Commitment of Traders report shows that as of the week ending May 5th, investors cut their net long positions in silver by 403 tonnes, with net longs accounting for only 17% of open interests, significantly less than the historical peak of 57%. This suggests that once the market sentiment turns around, there’s plenty of room for additional speculative purchases.
Only one ticket matched all six numbers in the US Mega Millions lottery
for a jackpot of $1.537 billion, just short of a world record, an
official said on Wednesday.Get more news about 电子游戏包网,you can vist nb68.com
The ticket was sold in Simpsonville, South Carolina, at a KC Mart convenience store, the city's Mayor Janice Curtis said in a telephone interview on Wednesday.
The town of 22,000, about 14 miles from Greenville, was abuzz as people clamored to learn more about the winner, but in South Carolina, the person who hit the jackpot can opt to remain anonymous.
The buyer of the ticket beat the odds of 1 in 303 million to win the Mega Millions drawing for one of the largest jackpots in US history.The jaw-dropping jackpot failed to break the record for lottery winnings, held by the $1.586 billion Powerball prize in January 2016.
The Powerball lottery also had a huge prize at stake on Wednesday when 3, 21, 45, 53, 56, and a Powerball of 22 were drawn. The $620 million jackpot made it the fifth-largest in U.S. history. The lump sum cash payout is estimated at $354.3 million.
Before the Mega Millions drawing, lottery officials had been reporting an expected $1.6 billion jackpot, based on estimates tied to historical patterns, lottery spokeswoman Carole Bober Gentry said on Wednesday.
After the drawing, lottery officials rolled back the jackpot total to $1.537 billion, based on actual ticket sales.There are few precedents for a jackpot this size. Typically, about 70 percent of sales occur on the drawing day, so forecasting precise numbers in advance can be difficult," Gentry said in a statement.
For the winner, options include an immediate cash payment of $877.8 million, or the $1.537 billion prize paid out over 29 years.There were 36 second-tier winners, those who picked five winning numbers but did not match the Mega Ball. Most were rewarded with a $1 million prize, but two of them, in Florida and Texas, added a Megaplier option, tripling their winnings to $3 million.In the four days leading up to the drawing, about 370 million of the $2 Mega Millions tickets were sold in 44 U.S. states, the District of Columbia and the Virgin Islands.
The ticket was sold in Simpsonville, South Carolina, at a KC Mart convenience store, the city's Mayor Janice Curtis said in a telephone interview on Wednesday.
The town of 22,000, about 14 miles from Greenville, was abuzz as people clamored to learn more about the winner, but in South Carolina, the person who hit the jackpot can opt to remain anonymous.
The buyer of the ticket beat the odds of 1 in 303 million to win the Mega Millions drawing for one of the largest jackpots in US history.The jaw-dropping jackpot failed to break the record for lottery winnings, held by the $1.586 billion Powerball prize in January 2016.
The Powerball lottery also had a huge prize at stake on Wednesday when 3, 21, 45, 53, 56, and a Powerball of 22 were drawn. The $620 million jackpot made it the fifth-largest in U.S. history. The lump sum cash payout is estimated at $354.3 million.
Before the Mega Millions drawing, lottery officials had been reporting an expected $1.6 billion jackpot, based on estimates tied to historical patterns, lottery spokeswoman Carole Bober Gentry said on Wednesday.
After the drawing, lottery officials rolled back the jackpot total to $1.537 billion, based on actual ticket sales.There are few precedents for a jackpot this size. Typically, about 70 percent of sales occur on the drawing day, so forecasting precise numbers in advance can be difficult," Gentry said in a statement.
For the winner, options include an immediate cash payment of $877.8 million, or the $1.537 billion prize paid out over 29 years.There were 36 second-tier winners, those who picked five winning numbers but did not match the Mega Ball. Most were rewarded with a $1 million prize, but two of them, in Florida and Texas, added a Megaplier option, tripling their winnings to $3 million.In the four days leading up to the drawing, about 370 million of the $2 Mega Millions tickets were sold in 44 U.S. states, the District of Columbia and the Virgin Islands.
A Charleston woman was given a $3 lottery ticket and it has paid off, winning her $100,000.Get more news about 彩票包网,you can vist nb68.com
WCIV-TV reports the winning ticket was purchased at the Dodges Store #863 on Johns Island. That business received $1,000 for selling the ticket.
Having never played the lottery before, the woman — whose name has not been released — was surprised when the Lady Jumbo Bucks Crossword ticket spelled out 11 words to win her the game’s top prize.
She says the ticket was a gift from “a dear friend” and she still “gets emotional thinking about it.”
There are two top prizes of $100,000 in the $3 Lady Jumbo Bucks Crossword game with odds of winning listed at 1 in 600,000.
WCIV-TV reports the winning ticket was purchased at the Dodges Store #863 on Johns Island. That business received $1,000 for selling the ticket.
Having never played the lottery before, the woman — whose name has not been released — was surprised when the Lady Jumbo Bucks Crossword ticket spelled out 11 words to win her the game’s top prize.
She says the ticket was a gift from “a dear friend” and she still “gets emotional thinking about it.”
There are two top prizes of $100,000 in the $3 Lady Jumbo Bucks Crossword game with odds of winning listed at 1 in 600,000.
Guwahati: A rickshaw puller from West Bengal has become an overnight
star after winning a lottery jackpot worth Rs 50 lakh. Gaur Das, a
resident of Guskara in Purba Barddhaman district, won the first prize in
Government of Nagaland's State Lottery on Sunday.Get more news about 菲律宾牛博包网,you can vist nb68.com
Das and his union members were supposed to go for a picnic but the plan got cancelled due to rain. Das chanced upon the lottery ticket while returning home when a lottery seller almost forced him to buy that ticket. Das said he was initially reluctant as he only had Rs 70 in his pocket but when the seller repeatedly requested him, he gave in and bought the ticket for Rs 30.
On Sunday afternoon he went to a nearby lottery ticket shop to check the result and found that he had won the first prize of Rs 50 lakh. He was overwhelmed and rushed home and shared this news with his wife, he said. He didn’t disclose this to his neighbour thinking of his safety. On Monday, he submitted the ticket to a nearby bank.
People have been thronging to his house ever since the news became public.
Das lives with his widowed mother, wife, two daughters and a son. Since his income is not sufficient to sustain the family of six, his wife and mother work as daily wage labourers. His elder son is in class 3 and two daughters have just been admitted in primary school. Das also often took up daily wage work to meet the family’s financial needs.
Das told News18 that he will build a new house with the lottery money as it is difficult for his family of six to live in the current house. He also plans to utilise this money to properly educate his children.
Das and his union members were supposed to go for a picnic but the plan got cancelled due to rain. Das chanced upon the lottery ticket while returning home when a lottery seller almost forced him to buy that ticket. Das said he was initially reluctant as he only had Rs 70 in his pocket but when the seller repeatedly requested him, he gave in and bought the ticket for Rs 30.
On Sunday afternoon he went to a nearby lottery ticket shop to check the result and found that he had won the first prize of Rs 50 lakh. He was overwhelmed and rushed home and shared this news with his wife, he said. He didn’t disclose this to his neighbour thinking of his safety. On Monday, he submitted the ticket to a nearby bank.
People have been thronging to his house ever since the news became public.
Das lives with his widowed mother, wife, two daughters and a son. Since his income is not sufficient to sustain the family of six, his wife and mother work as daily wage labourers. His elder son is in class 3 and two daughters have just been admitted in primary school. Das also often took up daily wage work to meet the family’s financial needs.
Das told News18 that he will build a new house with the lottery money as it is difficult for his family of six to live in the current house. He also plans to utilise this money to properly educate his children.
The first prize of this lottery is Rs 50 lakhs, second prize is Rs 9,000
while the third winner will receive Rs 500, fourth prize is Rs 250 and
the last prize is fixed at Rs 120.Get more news about 电子游戏包网,you can vist loto98.com
The consolation prize is of Rs 1000, which is more than the third prize. The price of a lottery ticket for Dear Bangalakshmi Teesta lottery is Rs 6.
There are designated days for the lottery results. Every Monday at 4pm, the results of this lottery are declared.
Here are the instructions for checking the lottery results.
To claim the prize, winners need to bring their lottery ticket to the West Bengal Gazette office. Winners can claim the prize up to 30 days after the declaration of lottery results.
Officers will carry out a verification process after receiving the winning ticket. Once the process is complete and the authenticity of the ticket has been proved, the winner is given the prize money.
Lottery is given to winners after taxes are deducted from the winning amount.
Different lotteries are drawn every day of the week. The weekly names of the West Bengal State Lottery Department are Dear Bangalakshmi Teesta for Monday, Dear Bangalakshmi Torsha for Tuesday, Dear Bangabhumi Raidak for Wednesday, Dear Bangabhumi Bhagirathi for Thursday and Dear Bangabhumi Ajay for Friday. The names of the weekend lotteries are Dear Bangasree Damodar which is drawn every Saturday while Dear Bangasree Ichamati is announced every Sunday.
The consolation prize is of Rs 1000, which is more than the third prize. The price of a lottery ticket for Dear Bangalakshmi Teesta lottery is Rs 6.
There are designated days for the lottery results. Every Monday at 4pm, the results of this lottery are declared.
Here are the instructions for checking the lottery results.
To claim the prize, winners need to bring their lottery ticket to the West Bengal Gazette office. Winners can claim the prize up to 30 days after the declaration of lottery results.
Officers will carry out a verification process after receiving the winning ticket. Once the process is complete and the authenticity of the ticket has been proved, the winner is given the prize money.
Lottery is given to winners after taxes are deducted from the winning amount.
Different lotteries are drawn every day of the week. The weekly names of the West Bengal State Lottery Department are Dear Bangalakshmi Teesta for Monday, Dear Bangalakshmi Torsha for Tuesday, Dear Bangabhumi Raidak for Wednesday, Dear Bangabhumi Bhagirathi for Thursday and Dear Bangabhumi Ajay for Friday. The names of the weekend lotteries are Dear Bangasree Damodar which is drawn every Saturday while Dear Bangasree Ichamati is announced every Sunday.