The DICGC came to be fully owned by the RBI and the board strength was raised to nine. The Act provided for either the RBI Governor or the Deputy Governor (DG) heading the board, but tradition led to one of the DGs chairing the board. The integration of the two also allowed funds to be transferred from one arm to another in case of a financial problem. Indeed, in 1978, the CG fund had to be bailed out by the DI fund as the former had more claims to settle compared to the collected fee income. The claims had partly gone up as the guarantee cover had increased from 75 percent to 90 percent, which also led to a rise in moral hazard. … [Read more...] about Credit guarantees of 1970s make a comeback
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When you think of a smart speaker, you probably think “Amazon Echo.” However, a close competitor of the Echo is Google’s Nest Mini—and now Google is giving the diminutive smart speaker away for free if you’re a YouTube Premium or Google Play Music subscriber. Here’s what you have to do to get yours: … [Read more...] about YouTube Premium and Google Play Music users: Here’s how to get your free Nest Mini
Fort Challenge, inviting families to get creative with their pillow forts. Its website offers three free blueprints and instruction manuals that will help you construct hideaways such as an outdoor campsite made from a clothesline and three sheets. If you want to design a fort from scratch, you can download a “create-your-own” blueprint that lets you customize the three fort structures. … [Read more...] about Take your pillow fort to the next level with these elaborate free designs
A third editor reports that she stays loyal to her Illy and moka pot on the weekend, when things are a bit more leisurely. But while juggling two remote-learning kids plus work responsibilities during the week, Jot is an irresistibly efficient way to get her Americano fix. “It’s rich and tasty, especially when I add in my Barista Edition Oatly, which I’ve become addicted to during quarantine. It feels totally indulgent and is utterly effortless. And I’m still coming in under the cost of a high-end coffee shop, even when you add in the Oatly.” … [Read more...] about Can Jot’s coffee concentrate make you forget about that $5 latte? Here’s what our editors say
For India, experts have said, banking on Herd Immunity is a “terrible idea”. While speaking to former Congress chief Rahul Gandhi, Director of Harvard Global Health Institute Ashish Jha said, “We are finding that even healthy and young people are getting very ill. We can’t be cavalier about this. We have to protect these people. Herd Immunity in India is a terrible idea as millions will die, even young people.” … [Read more...] about In-Depth: Is Herd Immunity our best bet in the fight against coronavirus?