Daily Archives: October 15, 2018

‘High lead exposure in Indian kids’

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 …

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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. …

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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 …

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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 …

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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% …

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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 …

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