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Author: Loknath Das
An internal tussle in the Congress over the party’s approach in dealing with the Janata Dal (Secular) at the national level and in Karnataka is delaying the state Cabinet’s expansion, a senior party leader familiar with the development said on Tuesday. The central leaders of the Congress are willing to concede the finance portfolio – a bone of contention between the two parties — to the JD(S), keeping in mind the need for broader Opposition unity ahead of the 2019 Lok Sabha elections. But Karnataka Congress leaders have remained adamant on their demand for the key ministry, arguing that yielding…
The world is in the midst of an education crisis, as half of the planet’s young people are failing to learn the basic skills needed to secure a more prosperous future. One former child soldier and soon-to-be law student promotes a strategy for putting money behind politicians’ platitudes. NEW YORK – My family was murdered before I could tie my shoes. As a young boy in Sierra Leone, years that should have been playful and carefree were spent fighting in someone else’s war. For me, childhood was a nightmare; escape always seemed impossible. But when the war officially ended, in 2002,…
Teachers cannot tackle the impact of child poverty on education by themselves, according to Scotland’s largest teachers’ union, the EIS. BBC Scotland has heard several stories which highlight the effects of deprivation on school children. They include stories about dirty clothes, hunger and children being unable to start school on time. The Scottish government wants to close the performance gap in schools between relatively rich and poor children. It plans to spend £750m by 2021 raising attainment in schools. EIS president Nicola Fisher has argued that austerity in public spending and welfare reform have added to the child poverty problem,…
Today’s classrooms are packed with technology, from tablet computers and widescreen televisions to interactive whiteboards. The last few years have also seen the development of massive open online courses, or MOOCS. Providers such as edX — which was founded by Harvard University and the Massachusetts Institute of Technology in 2012 — offer free online courses from renowned institutions such as Columbia University and Delft University of Technology in the Netherlands. The platform provides more than 1,900 courses and its users come from all over the world. As technology drives change in education, one of the sector’s big players is looking…
Social media helps grow your business because it’s a super efficient way to bring potential customers in at the top of your marketing funnel, and it’s also a great way to keep them engaged, and keep your brand top of mind. Start by doing the basics well. Build a strong foundation by showing up and really engaging with your followers. In the early days of PicMonkey, when we were building our brand and product, we developed one-on-one relationships with our users. Many of those users are still with us—some have also grown and become major brand influencers who continue to…
The Congress-JD(S) coalition government may have won the trust vote in the Karnataka Assembly with ease, but now the two parties are at disagreement over the portfolio allocation, with the finance ministry being the apple of discord, according to a Times of India report. The report cited Chief Minister HD Kumaraswamy, who was in New Delhi on Tuesday, saying that the issue will be resolved by Tuesday. Kumaraswamy met Congress leaders at Ghulam Nabi Azad’s residence and told them that it has been the convention in coalition government in Karnataka to allow the junior partner to keep the finance portfolio,…
“Words like accountability and transparency must be more than just political buzz words. We must back that up,” said Deputy Prime Minister and Minister of Finance Peter Turnquest at Institute of Internal Auditors (IIA) Week-Bahamas Chapter luncheon held at Luciano’s of Chicago. Turnquest revealed that the whole idea of internal auditing is so timely as the government tries to ensure transparency and accountability to reduce the instances of abuse and fraud in government spending. The government has stated that its aim is to improve processes and identify and ‘weed out’ bad practices and weaknesses in the overall system. The minister…
Ask entrepreneurs in the UAE what they most need to upscale their business and the majority are likely to say finance. Sourcing finance in the early stages of growth is fundamental in taking a company to the next level. It helps business owners to avoid cash flow problems and barriers to expansion. There are numerous finance options available in the UAE, including bonds, sukuks(Islamic bonds), loans, syndicated loans and murabaha (Islamic loans), but understanding the distinctions between them can be confusing, especially for entrepreneurs without in-depth knowledge of business funding. This, together with banks’ reluctance to lend to startups and SMEs following a…
Cholamandalam Securities’ research report on Repco Home Finance RHFL’s loan book grew at moderate rate (10.3%YoY, 3.9%QoQ) to INR 99bn on the back of higher disbursements (27.7% YoY, 29.2% QoQ). In 4QFY18, Sanctions grew by 32.2% YoY (19.4% QoQ) which poses healthy loan growth trajectory for coming quarters. The management expects loan book to grow by ~20% in FY19E (15% growth in TN and 20-25% growth in ex-TN regions) and disbursements by 35-36% in FY19E. Growth in loan book was led by salaried segment (18.8%YoY). Non-salaried segment witnessed a moderate growth of 4.6% YoY. Consequently, their share in overall portfolio stood…