For companies, the RBI’s liquidity bonanza will be a blessing. The RBI has done three things here. It has announced to continue the targeted Long term repo operations (LTRO) for three years making available about Rs 100,000 crore to the banks , a cash reserve ratio (CRR) cut releasing Rs 137,000 crore and an increase the limit of Marginal Standing Facility (MSF) from 2 percent to 3 percent to the tune of Rs 137,000 crore. In total, liquidity to the tune of Rs 374,000 crore will be infused. … [Read more...] about Coronavirus pandemic: RBI General Das launches COVID-19 battle; over to government to wage war
— Narendra Modi (@narendramodi) March 27, 2020Notably, this is not the only “corona warrior” video that the Prime Minister has shared on social media. A day ago, he had tweeted the video of a young boy stopping his mother from going out of the house. He had captioned the video: “I trust India’s youth to show the way when it comes to ensuring a healthier tomorrow.”Trust India’s youth to show the way when it comes to ensuring a healthier tomorrow. … [Read more...] about Coronavirus pandemic | PM Modi tweets video of young ‘corona warrior’
In Philadelphia, Nan Ides had plenty of fabric. A recent retiree, she had plenty of time, too. She pulled out her sewing machine and started making masks, using materials left over from stitching baby clothes and a floral pattern -- purple, green, black and white -- from a summer dress that she had never managed to finish. … [Read more...] about An army of sewers, making masks for America
What I find particularly seductive about Google Street View is that it purports to be an objective document of our world. It is simply the product of a driver (or hiker) going down a street taking pictures. But, of course, it is far from an objective document. Humans get in the way, as they always do, filling each scene with stories. We dress up in horse costumes. We leave babies unattended in front of Gucci stores. We see the Google Car go by while we are mowing the lawn and feel compelled to show the world our nipples. That's how we roll. … [Read more...] about How to see the world when you’re stuck at home
Their professional difference isn't a source of frustration for them now, though. "I know he's really ambitious, and I know that he cares about his job and really wants to be productive and do really well, and I find that really admirable," she said. "I still find myself attracted to him because of those qualities, even though I don't know what he does." … [Read more...] about Couples having a working-from-home revelation: That’s what you do all day?