Representative Image In the August Monetary Policy Committee (MPC) meeting, RBI Governor Shaktikanta Das said that the Indian Rupee (INR) has fared “much better than several reserve currencies as well as many of its EME and Asian peers”. The Governor also added that the INR has depreciated “more on account of the appreciation of US dollar rather than weakness in macroeconomic fundamentals of the Indian economy”. Of late, there has been a lot of discussion around the INR. Towards the end of July, the rupee touched 80 against a US dollar , leading to discussions that it is a sign of a weakening Indian economy. But, is this the case? First, exchange rate increasing or decreasing against a foreign currency is not a sign of weakness or strength. In fact depreciation of the currency is often cited as a positive development for the domestic economy. If a currency depreciates against a foreign currency, the exports become cheaper with respect to the other country, and imports … [Read more...] about USD vs INR | India’s macroeconomic fundamentals are strong
Statement vs expression programming
Group sees ‘enhanced public service programs’ with ABS-CBN, TV5 partnership
ABS-CBN and TV5 joint venture MANILA, Philippines — A consumer group has lauded the partnership of ABS-CBN and TV5, believing it would improve public service programs and even out distribution of news reports – which could be of benefit to the public. “The fusion of TV5 and ABS-CBN is definitely good news to the viewing public as this will help democratize the dissemination of well-vetted news reports to the public which is a mandated responsibility of a TV franchise,” CitizenWatch Philippines convener Orlando Oxales said in a statement Friday “We look forward to enhanced public service programs that will keep Filipinos well informed of important information that is relevant to their everyday lives, especially during times of crisis,” he added. READ: ABS-CBN buys 35% stake in TV5; NTC keeps watch READ: TV5, ABS-CBN seal partnership deal Oxales also expressed hope that the combined broadcast power of the two companies would contribute to the country’s recovery from … [Read more...] about Group sees ‘enhanced public service programs’ with ABS-CBN, TV5 partnership
Gov’t eyes ‘ladderized’ training vs brain drain
FILE PHOTO: Nurses take their oaths. INQUIRER FILES President Ferdinand Marcos Jr. again convened his Private Sector Advisory Council at Malacañang on Thursday to discuss ways to address the “brain drain” on the health sector and come up with ways to strengthen it. The council, which the President formed last month to involve the private sector in governance, is divided into industry groups and includes leaders of various sectors. During the meeting of the health sector, headed by Paolo Maximo Borromeo of Ayala Healthcare Holdings, Marcos supported proposals to incentivize training for the country’s health professionals. “I like the ladderized idea for the nurses because that’s really becoming a problem – the brain drain that we are suffering,” a Palace statement on Friday quoted the President as saying. “They are so good, everybody wants them. And they are willing to pay for it, and we are not, or we’re not able. So we have to come up with some strategies for that,” he … [Read more...] about Gov’t eyes ‘ladderized’ training vs brain drain
Changing mosquito genes, spreading bacteria: Science sees success vs dengue
ILLUSTRATION Ed Lustan ( First of two parts ) MANILA, Philippines—Amid the rise of dengue cases and deaths in many countries worldwide, including the Philippines, scientists are playing God to combat the disease by tinkering with the genetic makeup of mosquitoes and bringing harmless bacteria into the picture. Dengue is a viral infection transmitted to humans by the bite of infected mosquitoes. The virus responsible for causing the disease is called dengue virus (DENV)—which has four serotypes. Not all mosquitoes, however, can transmit the virus to humans. GRAPHIC Ed Lustan According to the Department of Health (DOH), dengue infection is caused by DENV from female mosquitoes of the Aedes aegypti genus. A bite from these mosquitoes can also spread chikungunya, Zika, and yellow fever viruses. Aedes aegypti can be identified by the white and black stripes on their body. These mosquitoes—which usually live and nest in clear water—typically bite between 6:00 to 8:00 AM … [Read more...] about Changing mosquito genes, spreading bacteria: Science sees success vs dengue
Congress Vs. Inflation: The Legislative Tax Showdown
Share to Twitter Share to Linkedin Tax Notes reporter Benjamin Guggenheim discusses the latest tax legislation on Capitol Hill: the recently passed CHIPS and Science Act and the revived reconciliation bill known as the Inflation Reduction Act. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I'm David Stewart, editor in chief of Tax Notes Today International . This week: Build Back smaller? After months of stalled negotiations, little agreement in either chamber of Congress, and a declaration that Build Back Better was dead, last week, Senate Democrats were able to make progress on not one, but two separate bills. The first, known as the CHIPS and Science Act, was a more bipartisan effort from the Senate that has generally been split down party lines. While the second, known as the Inflation Reduction Act (IRA), is Senate majority leader, Chuck Schumer, D-N.Y., and Senator Joe … [Read more...] about Congress Vs. Inflation: The Legislative Tax Showdown
American Express Gives the Blue Cash Everyday Credit Card a Revamp
The Blue Cash Everyday Card from American Express has long been a decent option for supermarket and gas station purchases, particularly for consumers who prefer no annual fee. Today, American Express announced significant improvements to the card, including adjustments to its bonus rewards categories and new monthly benefits. Key Takeaways The Blue Cash Everyday Card has gotten a refresh by American Express. The card now offers more than $250 in annual perks and enhanced rewards, all with no change to its $0 annual fee. New rewards categories and perks offer extra value on online purchases, streaming services, and home cooking. What to Expect With the New-and-Improved Blue Cash Everyday The Blue Cash Everyday Card has always offered decent rewards, but it's never stood out, especially compared to its sister card, the Blue Cash Preferred Card , which has an annual fee but offers enough value to easily make up for it for many cardholders. But now, the Blue … [Read more...] about American Express Gives the Blue Cash Everyday Credit Card a Revamp
Proposed ladderized program for nurses gets Bongbong Marcos’ backing
Filipino nurses (INQUIRER.net file photo) MANILA, Philippines — President Ferdinand Marcos Jr. has supported a proposal to implement a “ladderized” program to address the “brain drain” among nurses in the country, Malacañang disclosed Thursday. According to a Palace statement, Marcos Jr. expressed his support during his meeting with members of the Private Sector Advisory Council (PSAC) in Malacañang on Thursday afternoon. “I like the ladderized idea for the nurses because that’s really becoming a problem – the brain drain that we are suffering,” Marcos Jr. was quoted as saying during the meeting. “They are so good everybody wants them, and they are willing to pay for it, and we are not, or we’re not able. So we have to come up with some strategies for that,” the President added. READ: Nurses’ exodus: Choice obvious between better future abroad, shabby treatment at home During the meeting, Department of Health (DOH) officer-in-charge Ma. Rosario Vergeire raised the idea … [Read more...] about Proposed ladderized program for nurses gets Bongbong Marcos’ backing
CHR wants criminal raps for officials who coerced witnesses vs De Lima
Commission on Human Rights executive director Atty. Jacqueline de Guia. Image from CHR. MANILA, Philippines — The Commission on Human Rights (CHR) says that government officials who allegedly threatened and forced witnesses to testify against former senator Leila de Lima cannot be let off the hook. In a statement released Friday, CHR Executive Director Jacqueline de Guia said that the Commission is happy with the Office of the Ombudsman’s decision to drop the bribery complaint against De Lima for lack of probable cause. The complainants claimed that the former senator allegedly asked for money from self-confessed drug dealer Kerwin Espinosa when she was still Justice secretary. But as good as the resolution was for De Lima, the current CHR caretaker said that possible criminal offenses must be considered as well against those who coerced the witnesses, especially as key prosecution witnesses have recanted their testimonies against De Lima. “[CHR] welcomes the Ombudsman … [Read more...] about CHR wants criminal raps for officials who coerced witnesses vs De Lima
TV Program Star Nida’s Death Allegedly Just an Accident
Thailand’s National police chief Suwat Jangyodsuk has said based on evidence so far he believes the death of TV program star Nida “Tangmo” Patcharaveerapong was a result of an accident. In a statement, he said investigators have been instructed to examine the statements of the witnesses and evidence such as phone records, driving speed, and data from the speedboat’s GPS system. He said police expect to find out more in the next couple of days when the results of the forensic examination of the TV program star are released. It took almost two days for Nida’s body to be recovered after she allegedly fell into the Chao Phraya River while on a speedboat with five others on February 26. After the incident, Tanupat “Por” Lerttaweewit and Phaiboon “Robert” Trikanjananun were charged with operating a vessel without a license and negligence resulting in death. There were also three others on board: Idsarin “Gatick” Juthasuksawat, Tangmo’s manager; Wisapat “Sand” Manomairat; … [Read more...] about TV Program Star Nida’s Death Allegedly Just an Accident
To Support Mental Wellbeing, Seed Health Launches A Gut-Brain Development Program In Partnership With Axial Therapeutics
Share to Twitter Share to Linkedin Over the course of the COVID-19 pandemic, rates of anxiety and depression have spiraled upwards by over 25%, according to the World Health Organization . With over 40 million United States adults impacted by anxiety disorders, people are hungry for actionable tips and approachable tools, especially in a time of great collective stress with little innovation in available treatments. Seed Health , the company behind the award-winning probiotic DS-01™ probiotic and prebiotic supplement, is on a mission to change that. The brand recently launched a Gut-Brain Development Program in partnership with Axial Therapeutics to translate Caltech research into probiotic innovations for neuropsychiatric health, a branch of medicine that focuses on both neurology and psychiatry. The program targets the microbiome-gut-brain axis for mental health, which is important because of its potential benefit to issues like anxiety, depression and … [Read more...] about To Support Mental Wellbeing, Seed Health Launches A Gut-Brain Development Program In Partnership With Axial Therapeutics