Saturday, 19 November 2016

Indians trying to kill that elusive black money

THE ECONOMIC TIMES
Sun, Nov 20, 2016 | 10:30 AM IST

ET Sunday Wrap

Indians trying to kill that elusive black money
Many middle class Indians who have never had access to any unaccounted for wealth, are rejoicing that they are participating in the hunt.
Online startups are reshaping informal jobs sector in India
Babajob data from across India (made available exclusively to ET Magazine) throw up several insights, some predictable, others not as much.
Hard-up startups come up with unique energy efficient products
Each innovator takes turns speaking to investors, including Yes Bank, Tata Capital Innovations Fund, Villgro Innovations Foundation and Blume.
US Congress with 1% Indians mapped to 1% Indian Americans in US
Indian Americans are celebrating the election of Ro Khanna, who defeated eight-term incumbent Mike Honda after a tough campaign to win the Congress seat.
Meghalaya celebrates cherry blossoms with an autumn festival
Dotted with clouds of cherry blossoms, the sprawling Polo Ground in the heart of Shillong resonates with the song, "We are the world/ We are the children."
Trump and the American approach to global migration patterns
During his campaign, Donald Trump had promised to deport two to three million illegal immigrants who had criminal records.
Demonetisation: Satara farmers willing to bite the bitter bullet
While farmers across the country have been suffering a great deal since Modi's announcement on November 8, a different picture emerged in Satara, with almost every farmer backing Modi.
Demonetisation will finish off Naxal funds: CM Raman Singh
We will make it clear that the state does not violate the rights of anyone, particularly those belonging to SC and ST, says Raman Singh.
Targeting Naxals in Bastar may result in locals getting hit
Till two decades ago, many villagers in remote Bastar areas relied more on the barter of goods than on currency.
Salvaging old notes at remote bank branches
Vetti lives in a mud house, but owns a television. He is one of the three tractor owners in the village, which actually belongs to his son.
Agrarian rate of exchange; purchases on credit
The queues get longer — not for ration but at bank branches, with ATMs few and far between. Emotions emanate from all directions.
Demonetisation gives birth to parallel economy of old Rs 500 and Rs 1,000 notes
The parallel economy works on a simple rule: use your older "illegal" currency, but at a discounted value, often by up to 30%.
Cash logistics firms emerge as the hero in times of distress
It does not help that banks have decided to prioritise disbursement of cash from the branch over ATMs. This slows down disbursement.
Pushing diabetics to take insulin is a medical scam: Fiona Godlee
With diabetes becoming such an epidemic in India, we need to look at the root causes and put money there rather than putting people on insulin.
Dheeraj Jain moving into early stage funding of businesses
Jain spent the first few months to understand the ecosystem, went to several startup events and kept relentlessly hunting for his maiden investment opportunity.
Food trail in Singapore still offers surprises
Candlenut's food can also be classified as Neo-Singaporean, a refrain one hears across many of the island-nation's commercial kitchens.
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