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Global Finance Officials Pledge to Lift World Economy Out of Slowdown

Loknath Das

(WASHINGTON) — Global finance officials are pledging closer cooperation in efforts to lift the world economy out its current slowdown, but tensions persist on a number of fronts between the United States and other nations over trade and other issues. Officials wrapped up the spring meetings of the 189-nation International Monetary Fund and the World Bank on Saturday, expressing hope the slowdown that began last year will be followed by stronger growth in the second half of this year and into 2020. The IMF’s steering committee said all members, in…

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RBI to set up panel on development of housing finance securitisation market

Loknath Das

The Reserve Bank of India, on Thursday, announced that it will soon set up a committee to assess the state of housing finance securitisation market in the country. The move is aimed at bringing in standardisation of asset securitisation practices to enable better management of credit and liquidity risks. The committee, which will be announced soon, will also study the best international practices, and lessons learnt from the global financial financial crisis. It will propose measures to further develop these markets in India by identifying critical steps required, such as…

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The top 25 places to travel around the world in 2019

Loknath Das

TripAdvisor just released its 2019 Travelers’ Choice awards — and millions of visitors voted for their favorite destinations around the world. Whether you’re looking for a sandy beach or a bustling city, there’s likely a destination fit for you. Here are the top 25 best places to travel around the world in 2019. #25: Tel Aviv, Israel, features a quarter called “the White City” because of the over 4,000 buildings within that feature Bauhaus architecture. Tel Aviv, Israel By eFesenko/Shutterstock It’s the largest collection of Bauhaus architecture in the world, and was…

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U.S.’s Lighthizer, Mnuchin to travel to China for trade talks: White House

Loknath Das

WASHINGTON (Reuters) – United States Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for the latest round of high-level trade talks scheduled to start on March 28, the White House said in a statement on Saturday. The United States also will receive a Chinese trade delegation led by Vice Premier Liu He for meetings in Washington that are set to begin on April 3, the White House said. President Donald Trump said on Friday the negotiations with China were progressing and a final agreement seemed…

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[Startup Bharat] Meet edtech startups that are taking quality education to non-metro cities across India

Loknath Das

India’s small towns and cities harbour big dreams and ambitions. But often, students from these cities are at a disadvantage as they don’t have access to the quality education their counterparts in metros do. How will experimentation and innovation flourish if students can’t build on a solid foundation of learning? Students in the metros gain from big players like Byju’s, Khan Academy, and AlmaMapper, but those in Tier II, III, and IV towns are often forced to migrate to educational hubs, including Kota and Hyderabad, or Tier I cities for their education….

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Delhi-Meerut Rapid Rail corridor gets UP Cabinet nod! Soon travel from Delhi to Meerut in just 60 minutes

Loknath Das

The UP cabinet has approved the Delhi-Ghaziabad-Meerut RRTS project, which is the inaugural corridor of the RRTS system Delhi-Meerut Regional Rapid Transit System: Soon the citizens of Delhi and NCR will forget their long-distance travel woes! In a major development to the regional rapid transit system (RRTS), the Uttar Pradesh (UP) cabinet has approved the Delhi-Ghaziabad-Meerut RRTS project, which is the inaugural corridor of the RRTS system, according to a recent PTI report. The project aims at providing a speedy and pollution-free transit system, connecting the regional nodes of the…

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2019-20 to be year of construction technology: PM

Loknath Das

In a bid to increase the use of modern technology in the construction sector, Prime Minister Narendra Modi here on Saturday announced the 2019-2020 as the year of construction technology. Speaking at the Construction Technology India 2019, PM said, “India is among those nations where the demand for housing is growing at a rapid pace. To meet this demand and increase the use of modern technology I am declaring April 2019 to March 2020 as the construction technology year”. A home is as much about security and dignity as it…

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Trailblazers in Travel: Get To Know These Impressive Travel Business Owners

Loknath Das

March 7 is International Women’s Day and in anticipation of it, I wanted to take a closer look at female-founded businesses in the travel industry. Not too long ago the industry was very male-dominated with women business owners and tour operators being relatively rare, however, that has changed a lot. I spoke to seven women who have found their own niche, founded their own business and are blazing their own trail in the travel industry. They tell me how they did it below. Rocio Vazquez LandetaPHOTO COURTESY OF ROCIO VAZQUEZ LANDETA…

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Nysaa hires former ShopClues, V-Mart CFO to head group finance

Loknath Das

AHMEDABAD: Carpediem Capital-backed Nysaa Retail has bolstered its top deck as the value retail chain starts preparing for an initial public offering. The company named Deepak Sharma its group chief financial officer. Sharma previously was CFO at ShopClues and V-Mart. Nysaa also appointed Nitin Motwani, a former executive at Boston Consulting Group and Egon Zehnder, as the group chief HR officer and Gaurav Sharma, who previously worked at Metro Cash & Carry India, ABRL and the Future Group, as head of marketing. Nysaa, which operates stores under the 1-India Family Mart brand, is exploring its IPO by…

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Opinion | Printing currency isn’t a good way to finance deficit

Loknath Das

On 10 February, wire services reported that the then interim finance minister Piyush Goyal favoured “printing currency” as a mode of deficit finance, approvingly citing the example of the US. “As finance ministers we are always in need of money,” Goyal said. He added, “I have heard that the US does deficit financing only by printing currency,” a canard that has been repeated by luminaries of the “Indic” ecosystem enveloping this government in its latter days. By “printing currency”, Goyal is referring to what traditionally was called money finance or…

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