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Corporate governance standards at PSBs much better than ever before, says Goyal

Corporate governance standards at PSBs much better than ever before, says Goyal

Finance
Emphasising that corporate governance standards being followed by public sector banks are much better than ever before, Finance Minister Piyush Goyal today said the government has stopped the "phone-call thing" coming in from Delhi to the banks. In an apparent dig at the previous UPA regime, Goyal said that not a single phone call would go to "give a loan, to address a loan, to restructure a loan or to settle a loan". Against the backdrop of high amounts of stressed assets in the banking system, the ruling BJP had alleged that earlier, banks used to get calls from the higher ups in the national capital to provide loans to various entities. Prime Minister Narendra Modi had also made references to it while replying to the debate on no-confidence motion in the Lok Sabha last month. Goyal told...
Paleontologists find better way to bake synthetic fossils

Paleontologists find better way to bake synthetic fossils

Science
July 25 (UPI) -- Scientists have found a better way to accelerate the fossilization process in the lab. The new methodology promises to produce more realistic synthetic fossils, useful for comparisons with the real thing. Usually, the process of fossilization takes thousands, if not millions, of years. But scientists have developed a new and improved way to replicate the heat, pressure and chemical reactions that result from millennia spent underground. To speed up geologic time in the lab, Evan Saitta, a paleontologist with the Field Museum and the University of Bristol, and his research partner Tom Kaye, from the Foundation for Scientific Advancement, took bits of modern bird, lizard and plant samples and packed them into tiny clay tablets with a hydraulic press. The duo then placed th...
UN report urges nations to take better care of world's forests

UN report urges nations to take better care of world's forests

Science
July 6 (UPI) -- A United Nations agricultural report Friday urges world governments to better manage shrinking forests, end deforestation and restore those that have been degraded. The U.N. Food and Agriculture Organization's State of the World's Forests report said in addition to shade, absorption of carbon dioxide, animal habitation and lumber, forests provide about 20 percent of rural household income in developing countries. It said forests are also responsible for providing fuel, to heat and cook, for one-third of the global population. "Deforestation, chiefly caused by the conversion of forest land to agriculture and livestock areas, threatens not only the livelihoods of foresters, forest communities and indigenous peoples, but also the variety of life on our planet," the report sa...
How to have a better relationship with money

How to have a better relationship with money

Finance
Why you should double check your bigger paycheck Relationships with money can be complicated. Most of us worry about our finances, but on the spectrum of money worriers, some people ignore their financial problems, while others focus on them too much. "Either people are avoiders and they stick their heads in the sand, or they are worriers and those tend to be the people who want all the detail, and over-plan and over-analyze everything," said Amy Mullen, a certified financial planner and vice president of Money Quotient. To get your money back in balance, experts offered the following tips: Identify your money story We all have a money story. You just might not know how it started. Much of how we interact, manage and talk about money stems from lessons we learn...
Crypto trader explains 3 reasons ethereum is a better bet than bitcoin

Crypto trader explains 3 reasons ethereum is a better bet than bitcoin

Finance
Bitcoin is on the decline, but ethereum might be a better bet in cryptocurrency, Brian Kelly told CNBC. Bitcoin, the most popular digital coin and largest by market cap, was priced around $ 6,400 on Friday — a staggering decline from its December highs of around $ 19,500. But cryptocurrency is still a relatively new industry, and while all eyes are on bitcoin, Kelly, founder and CEO of BKCM LLC, an investment firm focused on digital currencies, said there are other digital coins that investors might want to consider. "Just remember," Kelly sa...