It is Sunday in Brooklyn, the July air oppressive. You get on the subway, heading for the depths of the borough, someplace no one you know lives–yet. advertisement advertisement Off the train, phone and maps app in hand, you walk toward the pedestrian underpass of the noisy Brooklyn-Queens Expressway, meandering through a mix of residential buildings, bodegas, factories, and abandoned buildings. And then you find it: a huge, shady courtyard between two towering manufacturing buildings, strung with twinkling lights and tricked out with bars serving sangria, a taco stand, a dance floor, and most importantly, a DJ table. You’ve arrived at Mister Sunday, one of the best daytime dance parties in New York. A sweaty, multi-ethnic tangle of scantily clad twenty- and thirtysomethings in barely-there rompers and jorts rub shoulders and butts on the dance floor with young parents with babies on their hips and aging disco-era veterans. This throbbing, vibrant scene will play … [Read more...] about Gentrification, Inc.
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Viswanath PillaMoneycontrol NewsThe Supreme Court on Thursday referred 344 fixed combination drugs, also called FDCs, to the government's Drugs Technical Advisory Board (DTAB) for a fresh review of their safety, efficacy and therapeutic justification before recommending an action.The recommendations of the DTAB or its expert sub-committee would have to be made to the Central Government within six months, after which the government will act further if and where necessary. The Supreme Court order gives temporary relief to pharmaceutical companies, but the possibility of a ban is still in the air.The apex Court also clarified that for the exercise of powers under Section 26 (A) of the Drugs and Cosmetics Act, the DTAB need not be mandatorily consulted by the Government in order to be convinced of reasons for banning a medicine. The court remarked that the Government could be justified in declaring a ban if it finds that the drug has been banned in other countries.Close The Delhi high … [Read more...] about SC asks govt expert body to review banned FDC drugs before taking further action
Industry body FICCI on Thursday hailed the centre's go-ahead to the sale of its stake BPCL, SCI and Concor stating that the move would strengthen the performance of these companies and bring in fresh investments for both modernisation and expansion."It is encouraging to see the government take further steps to push the reforms agenda as well as address some of the critical pain points of industry.The decision to undertake strategic disinvestment and transfer management control in entities like Shipping Corporation of India (SCI), Bharat Petroleum Corporation Limited (BPCL) and Container Corporation of India (Concor) are welcome," Ficci President Sandip Somany said in a statement.Close Further, the decision to give greater operational authority to the board of National Highways Authority of India (NHAI) and enabling it to securitise user fee receipts for raising long-term funds from banks is another major positive, Somany said. related news IOC, other PSUs not to bid for … [Read more...] about Stake sale in BPCL, SCI, Concor to strengthen firms, bring in fresh investments: FICCI
The government and the RBI will work towards ways to provide relief on liquidity-related issues for NBFCs and devise simpler lending norms for MSMEs at the latter's board meeting that is scheduled to be held on November 19, a top government official said."Some resolution on liquidity and credit related issues is expected in the meeting," the official quoted above said.Discussions on 'economic capital framework', through which the government wants RBI to transfer to a substantial chunk of the central bank's reserves, is a work in progress.Close "It will take some time for these issues to get resolved. It may take two-three meetings," the official added. related news Banking | Should RBI have a Deputy Governor based outside Mumbai? Cube Highways bids Rs 5,011cr to bag third TOT bundle: Report KfW to lend Rs 1735cr to Andhra Pradesh for zero budget natural farming Apart from this, there could be discussions pertaining to the Prompt Corrective Action (PCA) framework prescribed … [Read more...] about RBI board meet: Liquidity relief for NBFCs and simpler lending norms for MSMEs to top agenda