The inflation targeting regime served us well and it is important that RBI continue to emphasise that it will keep inflation within those bands. Occasionally, it may go outside because of some disruption but it should come back within the band in a reasonable time. That will give RBI more flexibility to do what it needs to do on the liquidity side like supporting various forms of lending, even government debt. I would not disrupt this by saying we should be targeting inflation or move to something else. It has actually served us quite well and lets recognise that rather than have a whole set of dialogues, which take us nowhere. … [Read more...] about Q&A: Raghuram Rajan warns against extending loan moratorium, recalls Andhra Pradesh microfinance crisis
University of cassino global economy and business
AT THE MOMENT when most boys are plotting how to launch gum into a classmate’s braids, 12-year-old Jack Abraham was hired by his father. It was 1999. Magid Abraham already had a habit of defying convention: He had escaped the farming life of his Lebanese parents by way of an engineering scholarship to Ecole Polytechnique in France, then had turned down the opportunity to become a nuclear physicist in Europe to get his MBA and PhD from MIT. Now Magid was setting out to defy all those sensible things he’d learned in business school. His ludicrous goal was to measure all the data on the web, with Jack as one of his software coders. “From a young age, Jack always had the confidence to be able to express his ideas and not really worry about what people thought of them,” says Magid, who is still CEO of comScore, a $175-million-a-year company that, yes, measures all the data on the web and sells the intelligence it gleans to major corporations. “He also tends to … [Read more...] about How Jack Abraham Is Reinventing EBay [Update]
Sales in the commercial vehicle segment have plummeted post the outbreak of COVID -19 with medium to heavy commercial vehicles taking it on the chin. For instance, Ashok Leyland reported an unprecedented 90 percent year-on-year drop in domestic sales for May 2020. … [Read more...] about Shriram Transport Finance hires 8 bankers for a Rs 1,500 crore rights issue
With Philo’s first round of funding, it plans to hire more employees and expand to more college campuses. The service is currently available on the Web and on Roku, and it will come to mobile devices in the near future. Down the road, the team sees life for the service beyond college campuses, too. After all, if you’re addicted to Philo for four years, it’s likely cable providers and networks will want that relationship to continue following graduation–the entertainment equivalent of Citibank offering a free checking account to freshmen. The Philo team even envisions bringing the service to more walled gardens, whether they be military bases, nursing homes, or apartment complexes. … [Read more...] about Tivli Rebrands As Philo. Is It Harvard’s Next Facebook?
The mall also ensures a unidirectional movement of customers (entry and exit) with the help of floor markers and signage -- in common areas, and contactless billing in retail stores. There are round floor markers across the mall to ensure social distancing of 1.5 metres. … [Read more...] about Unlock 3.0 | Visit to a mall in Mumbai: Despite strict safety measures, tepid response on Day-1