Then Union Finance Minister Arun Jaitley in his 2015-16 Budget Speech announced setting up a taskforce to study the need and design for an FRA. The taskforce submitted its report in June 2016 and suggested first setting up a shell FRA and then gradually scale it up to a statutory body. It gave a transition plan as well. In the first three months, the FRA should learn to handle cases against insurance, and then in another year handle capital markets and banks. … [Read more...] about Yes Bank | Why is a Financial Redressal Agency missing when it is needed most?
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Presented for years by the inimitable Jija Bhattacharya, it carried cutesy messages from listeners celebrating birthdays and wedding anniversaries though occasionally there was also the hint of more amorous declarations with enough clues to set tongues wagging. This was the era before the Radio Jockey became a diva and a comic rolled into one. The hosts of these popular shows were referred to as presenters and were held in high esteem. After all, who would dare to call Ameen Sayani a jockey of any kind! … [Read more...] about When radio sang a different tune
The fat-friendly diet’s next iteration found its form in the paleo diet, which tries to replicate the eating habits of Paleolithic humans. Like the keto diet, it allows for meats, vegetables, and fats, but the list of foods you’re supposed to avoid quickly becomes complicated. After 2014, Google searches for the diet seem to peter out. And by 2016, the keto diet had started gradually accruing a following. What brought the keto diet out of the medical archives and into popular culture seems to be a growing body of research linking the diet to weight loss—as well as the rise of Instagram. While before-and-after-diet photos are a hallmark of any fad diet, images of keto metamorphosis (often hashtagged #ketoweightloss) are especially enthralling. … [Read more...] about How COVID-19 killed America’s favorite diet
Apple In reality, most people don’t use Apple products. They’re too expensive. Experts estimate that over 85% of the global population uses Android. But people with influence love Apple. Reporters, staffers, lawmakers, regulators, pundits, lobbyists, think tankers, and everyone else wading through the swamp are all Apple devotees. As a result, making the case politically against Apple has an implicitly higher bar than against the other big tech companies. Yes, the app store is monopolistic, and yes, it’s suspicious that your phone and laptop always seem to break the minute a new model becomes available. But Tim Cook is impossible to dislike, and his consistent advocacy on behalf of user privacy has won him plaudits across the political spectrum. … [Read more...] about Zuck, Bezos, Cook: Who takes the fall in D.C.’s antitrust games?