In a surprise move, the Reserve Bank of India (RBI) left policy rates unchanged after the Monetary Policy Committee (MPC) raised concerns on higher inflation but continued with accommodative stance for future easing.While there is room for rate reduction going ahead, RBI Governor Shaktikanta Das said that the cuts need to be timed well for better impact.Meanwhile, the Securities Appellate Tribunal (SAT) asked market regulator SEBI to hear lenders’ concerns and deliver its decision on reversal of pledged shares to Karvy Stock Broking’s clients by December 12.Explained | How Karvy went from broking to brokeWhile lenders are facing chances of huge write-offs due to fraudulent activities of Karvy, it also likely that they skipped a few check-boxes themselves while lending against third party shares.Also, norms for brokers and banks laid down by their respective regulators do not seem to be on the same page.RBI keeps rates unchanged, FY20 growth forecast cut to 5% from 6.1%The … [Read more...] about Banking wrap: RBI maintains status quo, lenders await SEBI’s decision in Karvy case after SAT order
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I’ve been trying to avoid any more Takes on TNR, Chris Hughes‘ trap/neuter/release program for white men, but The New Yorker Dot Com (“The D.C.!™“) just published Ryan Lizza‘s TNR Take and it’s Friday so what the hell. Scroll down to “Hillary Frey told T.N.R. in late November…,” since everything before that is just a kind of laborious retelling of backstory. Choire accurately arranged 40 more TNR takes for you, but especially don’t miss his #2 pick, James Kirchick‘s deranged “The Rise and Fall of Chris Hughes and Sean Eldridge, America’s Worst Gay Power Couple“, which should have been subtitled “When Gay Hitler Married Gay Satan.” advertisement advertisement Speaking of Takes, and thanks to Jessie doxxing the Tabs Take Tree yesterday, let’s check in and see what the Take Tree has for us today. “People who care about things are dumb,” said the tree.(art by … [Read more...] about Today in Tabs: The Take Tree
India Inc's foreign borrowings grew over two-fold to $3.41 billion in October over the corresponding month a year ago, according to data from the Reserve Bank of India. Indian companies had raised $1.41 billion in borrowings from overseas markets in October 2018.Of the total money borrowed by the domestic companies, $2.87 billion was through the automatic route of external commercial borrowing (ECB), $538 million came in through the approval route of ECB, showed the data.In the ECB category, the major borrowers tapping the automatic route included Muthoot Finance ($400 million), HPCL-Mittal Energy ($300 million), Wardha Solar (Maharashtra) ($251 million), Larsen and Toubro ($200 million), Deccan Fine Chemicals ($140 million) and Aditya Birla Finance ($75 million).Close Two companies tapped the approval route with JSW Steel raising $400 million, while Shriram Transport Finance borrowed $138 million in October this year. related news Citizenship (Amendment) Bill to be tabled … [Read more...] about India Inc foreign borrowings jump over two-fold to $3.41bn in Oct
In clinics around the world, a type of artificial intelligence called deep learning is starting to supplement or replace humans in common tasks such as analyzing medical images. Already, at Massachusetts General Hospital in Boston, “every one of the 50,000 screening mammograms we do every year is processed through our deep learning model, and that information is provided to the radiologist,” says Constance Lehman, chief of the hospital’s breast imaging division. advertisement advertisement In deep learning, a subset of a type of artificial intelligence called machine learning, computer models essentially teach themselves to make predictions from large sets of data. The raw power of the technology has improved dramatically in recent years, and it’s now used in everything from medical diagnostics to online shopping to autonomous vehicles. But deep learning tools also raise worrying questions because they solve problems in ways that humans can’t … [Read more...] about Machine learning could transform medicine. Should we let it?
It was a cry for help that inspired entrepreneur Eric Coly to launch his startup. The former investment banker was approached by a close friend who confided to him that she needed counseling, but she couldn’t find a therapist. Or more specifically, she couldn’t find an African-American therapist. She wanted someone who could understand her experience as a woman of color. advertisement advertisement Coly, a Senegal native diagnosed with depression, understood her frustration too well. He had also experienced the gap between the counseling needs of minorities and the availability of the services. It’s a common issue: Of the 100,000 therapists in the U.S, 86% are white, 5% Hispanic, 5% Asian, and 4% African American. Meanwhile, the American landscape looks far more diverse: The population is 62% white and 38% racial/ethnic minority, with the latter expected to grow to the majority by 2050. “Take aside the stigmatization and the lack of access … [Read more...] about This app matches marginalized communities to therapists who share their background