Founded in 2015 by Sidharth Gupta, Rahul Chaudhary and Kadam Jeet Jain, Treebo is backed by Bertelsmann India Investments, the strategic investment arm of German media conglomerate Bertelsmann SE and Co. KGaA. SAIF and Matrix partners have also invested in the company. … [Read more...] about Treebo and MakeMyTrip part ways over rising commissions
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Since the coronavirus crisis broke out, India has been pitching for a coordinated global approach in containing the pandemic. India has already supplied 446 million hydroxychloroquine (HCQ) tablets and 1.54 billion Paracetamol tablets to 133 countries, drawing praise from a number of global leaders. … [Read more...] about India will have to play key role in mass production of COVID-19 vaccine: French envoy
The petitioner-students -- Abhishek, Sharanjeet Kumar and Deepak -- have contended that the "well-off students" would have the support of "intelligent parents, friends, gadgets and search engines" during exams, whereas their poor counterparts would not have access to any of these. … [Read more...] about Plea opposes DU’s open book online exam for final-year UG, PG students; HC seeks university stand
Israel, on the other hand, is gearing up for large scale serology tests in order to gauge the proportion of population which has developed antibodies against the novel coronavirus. Israel, whose aggressive response to the coronavirus has held its fatality rate to a fraction of those of the United States and other hard-hit nations, is readying a nationwide serological test of 100,000 citizens. Moshe Bar-Siman-Tov, director-general of Israel’s Health Ministry, said that if antibody tests show a sizable portion of the population has developed antibodies, that could mean Israel is on its way to “herd immunity” and would be well equipped to withstand further outbreaks. Meanwhile, studies have estimated the percentage of Israelis with antibodies range widely, from less than 1% to upward of 10%. … [Read more...] about In-Depth: Is Herd Immunity our best bet in the fight against coronavirus?
The history of CG and its functioning does give us some lessons. First, we should avoid multiple agencies handling different CGs. Second, the RBI or RBI-governed institutions generally fare better at financial tasks compared to the government and its agencies. The government should closely work with the RBI and heed its advice on not just CGs but other aspects of the fiscal stimulus as well, which relies greatly on the banking system. Third, we should be careful of moral hazard problems. This does not imply that one should not lend, fearing moral hazard. It is just that CG should not result in loan appraisals and follow-up not being done properly. Indian banking is already struggling with high NPAs and banks should take care to avoid any further rise. … [Read more...] about Credit guarantees of 1970s make a comeback