Amid a growing debate over impact of single use plastics on environment, paper offers a sustainable option and can capture a fourth of the Rs 80,000 crore single use plastics market by 2025, if its use is totally banned by the government, a new study said. India generated 26,000 tonnes per day of plastic waste in 2017-18, of that only 60 percent was recycled and the rest ended up as litter on roads, in landfills or streams. Single use plastic industry is close to Rs 80,000 crore right now and growing. Packaging accounts for a third of India's plastic consumption, and 70 percent of plastic packaging is turned into waste in a short span.While uncollected plastic waste poses a huge threat to species on land and in water, single-use plastic bags and styrofoam containers can take up to 1,000 years to decompose, said the study released at the world's largest paper fair, PAPEREX organized by Hyve India, a 100 percent subsidiary of Hyve Group Plc, London, last week.Paper, on the other hand, is … [Read more...] about Paper industry to capture 25% market share of Rs 80,000cr single use plastics by 2025
Which cutting board is better wood or plastic
Dipti Deshpande and Adhish VermaMint Road seems worried enough on inflation to look past four quarters of material decline in economic growth.Or is it about waiting for the Union Budget to understand what would be the nature and impact of possible counter-cyclical measures to support growth?Close To be sure, inflation expectations have been rising. Incipient inflation risk emanates from certain food items, and the recent revision in telecom tariffs should also put upward pressure in coming months. related news Forex kitty continues to swells, scales past $451-bn-mark Fintechs laud RBI’s move to introduce prepaid payment instrument RBI tightens asset acquisition norms for ARCs; bars purchase from sponsors, lenders Indeed, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) expects consumer price inflation to stay above its comfort zone of 4 percent up to the second quarter of the next fiscal.But the MPC has continued with its accommodative stance, … [Read more...] about Monetary Policy | RBI pause is puzzling, but a rate cut is not far away
The world of Mad Men is made up of wood of every conceivable grain and color. The show’s sumptuous design palette has been responsible for popularizing midcentury design again, showing everyday objects and funiture that were popular in the 1960s not as the cracked and fading relics of our grandparents’ basements but as objects that define the characters who inhabit Matt Weiner’s vivid, romantic world. advertisement advertisement But what about the design of 1960s technology? The Sylvania television set veneered in wenge? The record console cabineted in oiled walnut? The vintage hi-fi, pulsing its needles in a Santos Palisander shell? These everyday gadgets remain dead to most of us, and even in Mad Men, they look creaky and obsolete. We might buy a replica of an Eames lounge chair or a teak bar cart of our own these days, but few of us want wood housings for our electronics anymore. Yet up until about 30 years ago, almost all gadgets were still cased in … [Read more...] about Why Aren’t Our Gadgets Still Covered In Wood?
The uncertainty looming over the appointment of Yes Bank’s managing director and the chief executive officer has forced fund houses to pare stake in the underlined private sector bank.According to the September portfolio of mutual funds, AMCs have cut down stake in Yes Bank by nearly 100 basis points in Jul-Sep to 10.55 percent, adding to the selling pressure.Recently, the Reserve Bank of India turned down Yes Bank's request to extend its chief executive Rana Kapoor's term up to April 2019. The regulator has asked the bank to appoint a new CEO by February 1, 2019.Close Not only have mutual funds, foreign institutional investors too cut their exposure in Yes Bank by more than 400 basis points in the last month. Currently, FIIs hold nearly 39.5 percent stake in the private sector lender.Himadri BuchAssistant Editor|Moneycontrol.com AMFI monthly report: Outflows from credit risk funds rise, inflows into equity funds plummet 85%UTI AMC-PSUs-SEBI Saga: Is it a special case … [Read more...] about MF wrap: Uncertainty over appointment of Yes Bank chief prompts funds to cut stake
Tesla today announced two new people to sit as independent members of its board: Larry Ellison and Kathleen Wilson-Thompson. Both are being brought on due to a settlement the company reached with the SEC after founder and CEO Elon Musk tweeted some unwise statements that resulted in investor bafflement (to say the least). Musk also agreed to step down as chairman of the board. Both of the new members are intended to present perspectives that are external to both Musk and the company. Wilson-Thompson runs Walgreens’ global human resources department, and Ellison is the cofounder and executive chairman of Oracle. In a written statement, Tesla’s board said, “In Larry and Kathleen, we have added a preeminent entrepreneur and a human resources leader, both of whom have a passion for sustainable energy.” A human resources perspective like Wilson-Thompson’s is much needed. The company has been mired in allegations surrounding how it treats its employees. They … [Read more...] about Tesla announces 2 new independent board members–one is Elon Musk’s “close friend”