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Tag: challenges

Vijay Denanath Baroda Bank: Challenges of the urge to merge

Vijay Denanath Baroda Bank: Challenges of the urge to merge

Finance
NEW DELHI: In August last year, the government asked the 21 public-sector banks (PSBs) to come up with their plans for consolidation. With the proposed merger of Bank of Baroda, Vijaya Bank and Dena Bank — now being jokingly called Vijay Denanath Baroda Bank on social media — the government has taken one more step towards consolidation aimed at creating just a few banks so big that they matter globally. The merger will bring down the number of PSBs to 19. The merger has raised questions due to the health of Dena Bank. Due to its burden of NPAs, it is currently under the Prompt Corrective Action framework of the RBI and has been restrained from further lending. The government believes that the merger would improve the operational synergy and would be better than several entities competing
Now with power to long rule China, Xi beset by challenges

Now with power to long rule China, Xi beset by challenges

World
As China's leaders gather for their annual Yellow Sea retreat, the country's political waters are looking choppy. Chinese President and ruling Communist Party leader Xi Jinping is beset by economic, foreign policy and domestic political challenges just months after clearing his way to rule for as long as he wants as China's most dominant leader since Mao Zedong. Mounting criticism of the Xi administration's policies has exposed the risks he faces from amassing so much power: He's made himself a natural target for blame. "Having concentrated power, Xi is responsible for all policy setbacks and policy failures," said Joseph Cheng, a retired City University of Hong Kong professor and long-time observer of Chinese politics. Notably, Xi used to dominate state-run newspapers' front pages and t...
Comcast challenges Disney with $65B bid for Fox

Comcast challenges Disney with $65B bid for Fox

Technology
Comcast made a $ 65 billion bid Wednesday for Fox's entertainment businesses, setting up a battle with Disney to become the next mega-media company. The bid comes just a day after a federal judge cleared AT&T's takeover of Time Warner and rejected the government's argument that it would hurt competition in cable and satellite TV and jack up costs to consumers for streaming TV and movies. The ruling signaled that Comcast could win regulatory approval, too; its bid for Fox shares many similarities with the AT&T-Time Warner deal. Comcast says its cash bid is 19 percent higher than the value of Disney offer as of Wednesday. The Wall Street Journal and others reported earlier that Comcast had lined up $ 60 billion in cash to challenge Disney for media mogul Rupert Murdoch's company. Disney's ...
Solving America's retirement security challenges

Solving America's retirement security challenges

Finance
Americans dream of retiring with financial security, but for too many it's a struggle on how they will get there. According to a recent estimate, 1 out of 3 Americans have less than $ 5,000 put aside for their retirement years. Meanwhile, baby boomers are exiting the workforce in droves, with 10,000 of them retiring each day. And the U.S. Census Bureau projects that more than 20 percent of U.S. residents will be age 65 or older by 2030. With an entire generation on the cusp of retirement, the rules governing retirement plan administration need to be modernized to make it easier for employers to offer savi...
Amazon fish challenges mutation idea

Amazon fish challenges mutation idea

Science
Evolutionary theory suggests that species favouring asexual reproduction will rapidly become extinct, as their genomes accumulate deadly mutations over time.But a study on an Amazon fish has cast doubt on the rapidity of this decline. Despite thousands of years of asexual reproduction, the genomes of the Amazon molly fish are remarkably stable and the species has survived. Details of the work have been published in Nature Ecology and Evolution.There are two fundamental ways in which new generations of life come to being - sexual and asexual reproduction.Sexual reproduction relies on special reproductive male and female sex cells, the eggs and sperm, joining together during the process of fertilisation.Each sex cell contains half the number of chromosomes of normal parent cells, then follow...