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Yes Bank: How to protect your savings account from financial crises

March 13, 2020March 13, 2020 Loknath Das

Lightning has struck twice. In a short span of around six months, bank depositors have been at the receiving end of the short circuit as it were. Punjab and Maharashtra (PMC) Co-operative Bank’s depositors faced restrictions imposed by the Reserve Bank of India (RBI), in September 2019. Last week, turbulence hit YES Bank, which is in the process of being rescued by the central bank and State Bank of India (SBI). Not surprisingly, the two events have shaken the confidence of retail depositors in banks, considered failsafe so far. While…

This Instagram account is redefining travel goals for couples who love adventure

August 6, 2017 Loknath Das

Wallpaper-esque photos, stunning landscapes, and a couple in love… That’s the perfect recipe for a viral Instagram travel account. The formula can be traced back to 2014, when Russian photographer-model couple, Murad and Natalie Osmans founded Follow Me To, a collection of travel photos that capture the couple’s love for travel and journeying together. With close to 5 million followers, @followmeto has undoubtedly sparked a trend on social media. Since, then, many copycat projects have cropped up on Instagram. But none have been able to replicate the success of the Osmanns.…

Holding AI to account: will algorithms ever be free from bias if they’re created by humans?

December 5, 2016 subhadip

ecila Malmstrom publicly speaks of torture. On October 4, when the European politician stood up in parliament to give her support for laws banning the export of items used for implementing the death penalty, there should have been little controversy. But when footage of her speech was posted online, nobody saw it. YouTube removed the video, which had been uploaded by fellow MEP Marietje Schaake. “I did not know whether this decision was made by a human or whether this was the result of an automated decision,” the Dutch politician…

UK current account deficit at new high

March 31, 2016 subhadip

The UK’s current account deficit widened to a record high in the final quarter of last year. The deficit in the three months to December was £32.7bn, the equivalent of 7% of GDP, said the Office for National Statistics (ONS). For all of 2015, it came to £96.2bn or 5.2% of GDP. Both figures were the highest since records began in 1948. A current account deficit means the value of imports of goods, services and investment income exceeds exports. At the same time, ONS figures showed the UK economy grew…