While the Brihanmumbai Municipal Corporation (BMC) has the largest budget of any municipal corporation in India, it also administers a population of about 13 million with one of the largest slums in Asia. The considerable short-term expenses for tackling the pandemic are coming from the BMC’s Rs 850 crore contingency fund. It spent Rs 95 crore between March and April to upgrade existing healthcare capacity and anticipated an additional spending of about Rs 200 crore over the next two months. Finding funding for medium- and long-term urban upgrades that will serve the dual purpose of making Mumbai more productive and more resilient to public health shocks will be trickier. … [Read more...] about How can the BMC help Mumbai recover?
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"The two new Bharat Bond ETF series will have maturities of April 2025 and April 2031 (i.e. Bharat Bond ETF April 2025 and Bharat Bond ETF April 2031. The new fund offer (NFO) will start from July 14 and end on July 17, 2020," Edelweiss said in its statement. … [Read more...] about Second tranche of Bharat Bond ETF to open on July 14, aims to raise Rs 14,000 crore
Can’t they just make more coins? The U.S. Mint’s production of coins is decreased due to employee coronavirus safety efforts. Also, making more coins doesn’t necessarily solve the problem: $47.8 billion in coins are already circulating in the U.S., which is $142 in coins for every person in the U.S., including children. … [Read more...] about Why is there a national coin shortage? Your currency questions answered
“The Supreme Court’s decision to allow the Trump administration to put control over people’s birth control in the hands of the whims of their bosses and employers is deplorable,” said NARAL Pro-Choice America president Ilyse Hogue in a statement. “This decision just further exposes that ultimately, the Radical Right is really about controlling women and our lives with no eye towards equality or public health and well being.” … [Read more...] about 126,000 women could lose access to birth control after Supreme Court ruling
Kotak Mahindra Bank raised over Rs 7,700 crore in a QIP in May, Yes Bank has begun a process to raise up to Rs 15,000 crore through an FPO, Axis Bank has got board nod to raise up to Rs 15,000 crore while Federal Bank has hinted at raising up to Rs 12,000 crore next year after getting a board clearance last month. … [Read more...] about ICICI Bank to raise up to Rs 15,000 crore to bolster capital base