March 2020

Indian banks well capitalised, no reason to worry: CEA Krishnamurthy Subramanian NEW DELHI : Allaying concerns over banking sector health in the wake of Yes Bank fiasco, Chief Economic Adviser Krishnamurthy Subramanian on Sunday said Indian banks are well capitalised and there is no reason to worry. He further said that it is a wrong method to assess a lender’s health based on the ratio of deposit to m-cap (market capitalisation). “What I want to emphatically state that the m-cap ratio is a totally incorrect metric for assessing the safety of the banks. No banking sector expert or banking regulator uses...

Women entrepreneurs key to Amway’s future in India: Global CEO Milind Pant US-based direct selling major Amway expects women entrepreneurs to play a crucial role in its future growth in India — one of the four countries which it has identified as a key market, according to the company’s global CEO Milind Pant. The company, which has set a target of helping “a billion people live healthier” by 2029 under a 10-year plan to mark its 70th anniversary, currently has women accounting for around 60% of the 5.5 lakh-odd distributors it has in India. “India is going to be a...

Kareena Kapoor is looking for right script to work with sister Karisma Kareena Kapoor Khan is looking for the right script to work with her elder sister Karisma Kapoor in a film. “We have always wanted to work together but till now we haven’t got that kind of script. We have not liked anything. Somebody should come with a good script then, we will consider,” said Kareena at a special screening of Karisma’s debut web series, Mentalhood. Mentalhood marks Karisma’s return to acting after a long time, and Kareena feels fans were waiting for the comeback to happen. “I think everybody is excited...

Jonty Rhodes reveals why his application for Team India’s fielding coach got rejected Having Jonty Rhodes as the fielding coach is nothing less than a dream for any team in the world. The former South Africa star is widely regarded as the best fielder to have ever graced the game. But despite his credentials, he failed to get the job of India’s fielding coach last year. Rhodes was one of the high profile names who had applied for the post but he missed out as the BCCI re-appointed R Sridhar as the fielding coach. In fact, Rhodes’ application did not even make...

Proud of the effort put in by India women throughout the T20 World Cup: Virat Kohli After India lost their chance to lift maiden Women’s T20 World Cup final against defending champions Australia by 85 runs in Melbourne on Sunday, Team India men’s team skipper Virat Kohli tried to lift the morale of the women’s team via a Twitter post. Virat Kohli lauded India Women’s effort throughout the tournament and predicted that the girls would bounce back stronger than ever. Earlier, Virat Kohli had also congratulated Team India after they qualified for their maiden Women’s T20 World Cup final. Former...

Ekta Kapoor Opens up on Being a Single Parent to Her Son Ravie Film and TV producer Ekta Kapoor is one of the most powerful people in the entertainment industry today. With many acclaimed films and some extremely popular TV shows to her credit, Ekta is also known for being a proud single mother of her son Ravie. Ekta recently opened up about her decision to welcome Ravie through surrogacy. “I had stored my eggs when I was 36. Had a calling for a long time I don’t know what was it. I don’t know I thought I might get...

Yes Bank revival scheme soon, likely before 30 days: RBI chief Shaktikanta Das After restricting withdrawal limit at the Yes Bank, Reserve Bank of India (RBI) governor Shaktikanta Das today said that the central bank will soon take “swift action” to revive the capital-starved private lender. “You will see very swift action from RBI putting in place a scheme to revive Yes Bank,”Das said at an event. The Reserve Bank of India on Thursday imposed a moratorium on the capital-starved Yes Bank and capped withdrawals at ₹50,000 per account for the next one month. The board of Yes Bank were superseded with immediate effect,...

Pope’s Sunday prayer to be livestreamed as coronavirus spreads VATICAN CITY: Pope Francis has decided to deliver Sunday’s (Mar 8) prayer by livestream and Italy called in retired doctors as the new coronavirus epidemic gathered strength and emptied streets in Europe’s worst affected country. The 83-year-old pontiff broke with centuries of tradition by enlisting the help of technology to keep crowds from descending on Saint Peter’s Square for the traditional Angelus Prayer. “The prayer will be broadcast via livestream by Vatican News and on screens in Saint Peter’s Square,” the Vatican said in a statement. Source: CNA

19,410 runs, 57 centuries: Domestic giant Wasim Jaffer retires from all forms of cricket Domestic cricket giant Wasim Jaffer, former India, Mumbai and Vidarbha opener, announced his retirement from all formats of the game on Saturday, March 07. Jaffer made his first-class debut in the 1996-97 season to play domestic cricket for over 20 years and finished as the most-capped player in the Ranji Trophy. His rich legacy of Ranji Trophy records includes the most caps (156), the most runs (12,038), the most centuries (40), the most catches (200), along with being the highest run-scorer in the Duleep Trophy (2545)...

New political party offers new democratic option: Jitendra Singh Every new political party offers a new democratic option and therefore, all those having faith in democracy should welcome it, Union Minister and BJP leader Jitendra Singh said on March 7. He said this without naming rebel Peoples Democratic Party (PDP) leader and former Jammu and Kashmir finance minister Altaf Bukhari who is expected to launch his own party in Srinagar on Sunday. Many prominent PDP, Congress and National Conference leaders are expected to join the businessman-turned-politician’s outfit. “Citizens have the right to be offered different options in a democracy, so...