High levels of lead contamination in the blood of children living in India may have a significant impact in lowering their IQ and increasing the risk of other diseases, a study has found. Researchers from Macquarie University in Australia conducted the first ever meta-analysis of Indian blood lead levels. They …
Read More »Daily Archives: October 15, 2018
Afraid of dogs, Indian-origin blind scribe to get a guide horse in U.K.
The animal will assist him with daily tasks once he loses his vision completely An Indian-origin man based in north-west England, who suffers from a degenerative eye condition, is set to become the first person in the U.K. to get a guide horse to assist him with daily tasks once …
Read More »Cambodia’s ‘rubbish man’ schools kids for trash
Children are taught the value of using rubbish in a useful way Sitting in a building made from used tyres, plastic bottles and old sneakers, Cambodian student Roeun Bunthon jots down notes during an English lesson at the “Rubbish School” where tuition is paid for with trash instead of cash. …
Read More »Tunisia’s fishermen turn tide to cash in on blue crab menace
The predators have turned into prey as people in the North African country cash in on the crustaceans by exporting them to markets in Asia Tunisian fishermen saw the blue crab wreak such havoc on their catches when it first appeared that they nicknamed it after the terrifying jihadists of …
Read More »‘As ice melts, walruses need protection’
U.S. court to hear a lawsuit challenging the government’s decision not to list them as threatened Given a choice between giving birth on land or sea ice, Pacific walrus mothers would most likely choose ice. Likewise, they prefer sea ice for molting, mating, nursing and resting between dives for food. …
Read More »NBFC storm will let up sooner or later
‘Claims about distress exaggerated’ Non-banking financial companies (NBFCs) are in the news following the IL&FS fiasco. The fall from grace for the giant has shaken up India’s financial markets. “The secular upswing enjoyed by NBFCs over the past five years has come to a sudden halt — bond markets are …
Read More »GST: 1 year on, firms yet to set up infra for compliance
‘But, awareness about tax is rising’ Corporates are now realising that coming to terms with GST means a more drastic change to their tax infrastructure than the basic compliance-related changes they have made so far, Vishal Parekh, regional head, South Asia, Thomson Reuters said in an interview. “In the last …
Read More »There is unprecedented panic over NBFCs’ liquidity
Cost of funds seems to have increased by 30-40 basis points in wake of scare, says IIFL Group chairman The IL&FS debacle has raised the cost of funds for non-banking financial companies (NBFCs) by 30-40 basis points, says Nirmal Jain , founder and chairman, IIFL Group, which derives almost 60% …
Read More »IL&FS: A riddle wrapped in a mystery
Annual numbers throw up questions on financial management, complex group structure and debatable accounting policies The new Board of Directors of Infrastructure Leasing & Financial Services Ltd. (IL&FS) has ordered a fresh audit of its books and it is just as well that it has done so. A quick run …
Read More »We will migrate to asset-liability norms meant for banks
The company is miles ahead in compliance, not only in ALM but also on capital and liquidity coverage ratio, says the vice chairman of Indiabulls Housing Finance Gagan Banga , vice chairman and managing director of Indiabulls Housing Finance, says the recent move by banks to increase loan purchases from …
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