Weaponization of disintermediation in India

Context: The worst kept secret in India is its broken delivery system. Some blame it on red tape and others on unbridled rentier incomes (read bribes). Whichever way you look at it, the fact is that the system is broken, with satraps operating as intermediaries. Presumably why almost everything about Read More …

Designing financial products for women

Context: Marketers from a growing range of industries have gone to great lengths to create consumer markets that are segmented along gender lines—from soaps to two-wheel vehicles to vacation packages. However, financial services providers (FSPs) remain largely oblivious to the needs of women. Facts & Figures: Across the globe, a Read More …

The anatomy of banking frauds

Context Fraud is a real operational risk for banks. As the latest Financial Stability Report of the Reserve Bank of India (RBI) shows, the Indian banking system reported about 6,500 instances of fraud involving over ₹30,000 crore in the last fiscal. Several other cases of large banking frauds were reported Read More …

Hyperion Super-galaxy

Context: A team of scientists at the European Southern Observatory (ESO) peering billions of light years into space have detected the largest. It is the most extensive collection of galaxies ever registered in the early days of the universe, a proto-supercluster, which they nicknamed ‘Hyperion.’ In Ancient Greek mythology, Hyperion Read More …

Bihar’s Shahi litchi fruit gets GI tag

Context: Bihar’s Shahi litchi has received the geographical indication tag, the director of the National Research Centre on Litchi confirmed to IANS. The fruit is mostly grown in Muzaffarpur and its neighbouring districts of East Champaran, Vaishali, Samastipur and Begusarai. More details: The tag, awarded by the India Patent Office, Read More …

4th Edition of NITI Lecture Series

Context: NITI Aayog is organizing the fourth edition of NITI Lecture Series at Vigyan Bhawan, New Delhi on 22.10.2018. The theme this year is “AI for ALL: Leveraging Artificial Intelligence for Inclusive Growth”. Union Ministers, policy makers, experts from different walks of life along with NITI Aayog Vice Chairman, Members, Read More …

Bacteria to degrade toluene

Context: Using bacteria isolated from soil and effluents near an oil refinery, researchers from the University of Delhi and Indian Institute of Technology (BHU), Varanasi, have successfully degraded toluene into less-toxic byproducts.  Toluene: Toluene is one of the petrochemical wastes that get released without treatment from industries such as refineries, Read More …