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Monday, November 28, 2016

How Bibek Debroy countered Manmohan Singh and Kaushik Basu on demonetisation

Business

RBI's diktat for retro CRR puts banks at risk

Economic Times - ‎3 hours ago‎
MUMBAI: The RBI diktat to banks on Saturday to maintain an incremental cash reserve ratio (CRR) requirement on deposits with retrospective effect has rattled lenders.

Indian economy grew 7.1% in first six months of current fiscal

Economic Times - ‎1 hour ago‎
NEW DELHI: India's economy grew at 7.1 per cent in the first six months of the current financial year despite subdued growth in the world economy, Union Minister Nirmala Sitharaman said today.

Tata Sons' shareholders discord may hit group cos: S&P

Economic Times - ‎2 hours ago‎
NEW DELHI: S&P Global Ratings today said the continuing discord between the shareholders of Tata Group holding firm Tata Sons Ltd, has created uncertainty at the board level for group companies and could lead to slow decision-making in these entities.

Fearing tighter US visa regime, Indian IT firms like Infosys, TCS rush to hire, acquire

ETTelecom.com - ‎3 hours ago‎
BENGALURU: Anticipating a more protectionist U.S. technology visa programme under a Donald Trump administration, India's $150 billion IT services sector will speed up acquisitions in the United States and recruit more heavily from college campuses there.

Sensex rebounds as banking stocks recover; PowerGrid top gainer

Business Standard - ‎2 hours ago‎
The benchmark indices pared all its initial losses to turn green as banking stocks recovered after falling up to 4% following RBI's cash reserve ratio (CRR) hike on incremental deposits.

Uber's big plans for India: Here's what will roll out next on the app

The Indian Express - ‎6 hours ago‎
Uber is looking to massively scale up its operations in India and is planning to add a host of new features to the app. Written by Hansa Verma | New Delhi | Updated: November 28, 2016 9:35 am.

Unexplained Indian cash deposits to attract 50% tax

MENAFN.COM - ‎Nov 26, 2016‎
(MENAFN - Asia Times) Peoplewho makeunexplained cash deposits of scrapped high-denomination banknotes beforeDecember 31 may have to pay50% tax, along with a four-year lock in period for half of the remaining amount, under new government ...

Demonetisation has been positive for Paytm, adding around 6 lakh new users everyday: Vijay Shekhar Sharma

Financial Express - ‎9 minutes ago‎
PayTM founder Vijay Shekhar Sharma on Monday said that Demonetisation has been positive for the company. We are adding close to 6 lakh new users every day, he said.

Flipkart's losses double to Rs 2306 crore in FY16

Business Standard - ‎3 hours ago‎
Flipkart Internet, the marketplace unit of India's largest e-commerce player Flipkart, reported a loss of Rs 2,306 crore in the year that ended March 31, 2016, as it battles a cash flush Amazon to retain leadership in the country.

AAI Will Soon Allow Digital Payments of Airport Parking Charges

NDTV - ‎1 hour ago‎
To make things easier, Airports Authority of India (AAI) will start digital payment system for paying parking charges at the aerodromes this month.

Oil India reports 17.8% drop in Q2 profit; board approves 1:3 bonus issue

Economic Times - ‎17 minutes ago‎
NEW DELHI: PSU energy explorer Oil India on Monday reported a 17.8 per cent year-on-year (YoY) drop in net profit at Rs 580 crore for the quarter ended September 30.

Bullion market reopens after 16 days; gold tumbles Rs 1750

Economic Times - ‎1 hour ago‎
NEW DELHI: With bullion market reopening after 16 days on Monday, gold prices witnessed a massive plunge of Rs 1,750 to Rs 29,400 per 10 grams in the national capital, while silver slumped by Rs 3,100 to Rs 41,600 per kg.

Expect volume growth of around 10-12% in FY17: Uflex

Moneycontrol.com - ‎2 hours ago‎
In an interview to CNBC-TV18, RK Jain, Group President-Finance, Uflex spoke about the results and his outlook for the company. Like this story, share it with millions of investors on M3.

EPFO invests Rs 9723 crore in equities till Oct

Economic Times - ‎35 minutes ago‎
NEW DELHI: Employees' Provident Fund Organisation (EPFO) has invested a total of Rs 9,723 crore in exchange traded funds as on October 31 this year and the absolute returns till that time has been 9.17 per cent, the government told the Lok Sabha on ...

Airtel Payment Bank opens 10000 plus savings accounts in just two days

Firstpost - ‎2 hours ago‎
New Delhi: Airtel Payments Bank said over 10,000 customers have opened savings accounts with it within two days of going live with a pilot project in Rajasthan.

Islamic Banking: India has potential to become world leader in this system

Firstpost - ‎3 hours ago‎
A recent announcement made by Reserve Bank of India (RBI) proposing the opening of an "Islamic window" in conventional banks for a gradual introduction of Sharia-compliant or interest-free banking in the country, has led to a fierce debate on the ...

How Bibek Debroy countered Manmohan Singh and Kaushik Basu on demonetisation

Financial Express - ‎1 hour ago‎
Niti Aayog member Bibek Debroy has slammed the critics of Modi government's demonetisation drive, including former PM Manmohan Singh and ex-World Bank chief economist Kaushik Basu.

Cement sales 10% down in Nov; may be dented in Dec too: Ladiwala

Moneycontrol.com - ‎4 hours ago‎
Sanjay Ladiwala, Chairman, Cement Stockists & Dealers Association of Bombay said the trade segment where sales happen in cash transaction have been impacted adversely due to demonetisation but it would be difficult to put a number to that.

Gail's Rs 12940 crore project hits regulatory hurdle

Economic Times - ‎14 hours ago‎
KOLKATA:The Rs12,940 crore Jagdishpur-Haldia-Bokaro-Dhamra natural gas pipeline project, recently awarded to Gail India by the Cabinet Committee on Economic Affairs, has hit a regulatory roadblock as the Petroleum & Natural Gas Regulatory Board ...

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University Friends

Butler's 'Trumpism' course description draws backlash

Indianapolis Star - ‎9 hours ago‎
Butler University said it is reviewing its course description practices after it received backlash for a fall 2017 course offering that focused on the election of President Donald Trump.

Guidelines and Policy - Social Media at Your University

Inside Higher Ed (blog) - ‎9 hours ago‎
When you do an advanced Google search for social media policy and/or social media guidelines on either .edu or .ac.uk domains, a lot of results* appear.

Ex-UM health CEO named Oakland University president

The Detroit News - ‎15 hours ago‎
Rochester Hills - Oakland University has named Dr. Ora Hirsch Pescovitz as its seventh president, choosing a pharmaceutical company executive and former University of Michigan hospital leader who is a physician, researcher, administrator and fundraiser.

Congresswomen in Black Sorority Decry Racist Acts at American University

NBC4 Washington - ‎9 hours ago‎
The international president of the historically black sorority Alpha Kappa Alpha spoke with News4 about the recent racist displays at American University. Jackie Bensen reports the unversity's security has been called into question due to poor ...

University Presses

New York Times - ‎11 hours ago‎
One of the lessons of NUMBERS AND THE MAKING OF US: Counting and the Course of Human Cultures (Harvard University, $27.95), a fascinating book by the anthropologist Caleb Everett, is that to exoticize the Pirahã (say, by likening them to Borges ...

Florida university to award degree to Trayvon Martin

CNN - ‎16 hours ago‎
The slain Florida teenager -- killed by George Zimmerman five years ago -- will be awarded a posthumous bachelor's degree in aeronautical science from Florida Memorial University. Martin's parents, Sabrina Fulton and Tracy Martin, will accept the ...

University of Akron bans all smoking including e-cigarettes

fox8.com - ‎10 hours ago‎
AKRON, Ohio-- Students at the University of Akron are being reminded that as of July 1, smoking of any kind will not be permitted on campus or at any off-campus university activity. The school will begin enforcing a ban that not only includes ...

Tuition hike proposed for some University of Montana students

The Missoulian - ‎7 hours ago‎
Tuition and fees for students at the University of Montana would jump 13 percent for resident freshmen and sophomores, but those costs at UM also would be equal to Montana State University, unlike the current setup. And, the total annual cost of ...

Baylor University Frat Suspended For “Mexican-Themed” Party

PEOPLE.com - ‎10 hours ago‎
The members of the Kappa Sigma fraternity at Baylor University faced repercussions for throwing a “Mexican-themed” party for Cinco de Mayo.

University of Iowa must pay $1.4 million to Jane Meyer

The Gazette: Eastern Iowa Breaking News and Headlines - ‎11 hours ago‎
Finding the University of Iowa discriminated against a former athletics administrator based on her gender and sexual orientation, a Polk County jury Thursday awarded Jane Meyer $1.43 million, according to her legal team.

University of Texas stabbing victim asked student to call his mom

New York Daily News - ‎13 hours ago‎
The victim of a stabbing spree at the University of Texas asked a student he didn't know to call his mom before he died Monday.

University of Arizona seniors behind viral red swimsuit giveaway

AZCentral.com - ‎7 hours ago‎
The company's founders, University of Arizona seniors Alan Alchalel and Brady Silverwood, now seem to be scrambling to figure out how to make the deal happen.

A Public University Acquires A Big For-Profit, And Raises Big Questions

NPR - ‎22 hours ago‎
In a move that's being called "bold" and "out of the blue," Indiana's Purdue University is acquiring the for-profit Kaplan University. In announcing the deal last week, Purdue President Mitch Daniels said it was designed to open the university up to a ...

Carlow University students mourn freshman who died in fall from balcony

Tribune-Review - ‎8 hours ago‎
A somber mood permeated Carlow University's Oakland campus Thursday, a day after the death of freshman Dalton Bacco. On the sidewalk outside the student center, bouquets of yellow, pink and blue flowers propped up alongside a few candles served as ...

Noose Found Inside University of Maryland Fraternity House

U.S. News & World Report - ‎18 hours ago‎
COLLEGE PARK, Md. (AP) - Authorities at the University of Maryland are investigating a noose discovered in a fraternity house.

Potemkin Universities

National Review - ‎May 3, 2017‎
The university faces crises almost everywhere of student debt, university finances, free expression, and the very quality and value of a university education. Take free speech. Without freedom of expression, there can be no university. But if the ...

Student comes up with 'ingenious' way to cheat in university exams

Telegraph.co.uk - ‎12 hours ago‎
It may sound like something used by one of Harry Potter's wayward classmates at Hogwarts, but “invisible ink” has now been revealed by the university ombudsman as the latest university exam scam. According to the latest annual report by the Office of ...

Student Arrested After Crawling Into a Duct to Steal an Exam

New York Times - ‎12 hours ago‎
The Multidisciplinary Science Building at the University of Kentucky, where officials said two students tried to steal an exam from an instructor's office.

Salaries of 245 senior university staff are leaked

Devon Live - ‎1 hour ago‎
"The Information Commissioner was satisfied with the steps taken by the university to address the unauthorised disclosure and took no further action.

Arizona House OKs university bonding, Senate up next

ABC15 Arizona - ‎4 hours ago‎
The focus immediately returned to the Senate, where deal-cutting to gain support from conservative Republicans for the $1 billion university bonding program is yet to be tested with a vote. But it was clear the Legislature was moving closer to passing