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Transmission of rate cuts improving; expected to improve further: RBI Governor Shaktikanta Das

Transmission of rate cuts improving; expected to improve further: RBI Governor Shaktikanta Das

Finance
A customary post-budget meeting of Central Board of Directors' Reserve Bank of India (RBI) was held in Delhi on Saturday. The meeting was attended by Finance Minister Nirmala Sitharaman, RBI Governor Shaktikanta Das, MoS Finance Anurag Thakur, and others. "We have given a growth projection of six per cent for the next year, in line with the projections from the Finance Ministry," RBI Governor Shaktikanta Das said, post the meeting. Talking of the rate cuts announced last year, the RBI Governer said transmission of rate cuts is improving steadily. "The transmission of rate cuts has improved to 69 basis points, and we expect the transmission of rate cuts to improve further," Das said. Addressing the AGR dues ruling the Supreme Court had passed on Friday, Das said that the ruling will be disc...
Moving beyond the Big Four? MCA seeks comments to improve auditing quality

Moving beyond the Big Four? MCA seeks comments to improve auditing quality

Finance
India needs to build capacity for home-grown Indian firms that can compete with the big four professional services firms such as—Deloitte, PwC, EY and KPMG — Ministry of Corporate Affairs (MCA) that released a consultancy paper on Thursday said. MCA is seeking comments from all the auditors on the paper and looking for solutions on several aspects and problems in the auditing industry. According to the consultation paper there is an economic concentration of the big four firms that could impact the Indian economy. “To overcome this situation, there is a need to build capacity of homegrown Indian firms who may need to be at par with global organizations in terms of audit procedures, audit tools, manpower capacity to audit large organizations etc. For that panel of auditors need to be mainta
Why tomato puree might improve male fertility

Why tomato puree might improve male fertility

Health
Lycopene - a nutrient found in tomatoes - may boost sperm quality, a study has suggested.Healthy men who took the equivalent of two tablespoons of (concentrated) tomato puree a day as a supplement were found to have better quality sperm.Male infertility affects up to half of couples who cannot conceive.Fertility experts said more studies were needed involving men known to have fertility problems.NHS advice for men experiencing fertility problems currently suggests they adopt a healthy lifestyle and wear loose-fitting underwear.It also suggests reducing stress as much as possible and ensuring they have regular sex around the time their partner ovulates to maximise the chances of conception.But the idea that certain nutrients could boost male fertility has ...
Rouhani: U.S.-Iran relations won’t improve until sanctions are lifted

Rouhani: U.S.-Iran relations won’t improve until sanctions are lifted

World
Aug. 27 (UPI) -- A day after U.S. President Donald Trump indicated he'd be open to talks with Iran, President Hassan Rouhani said there will be no progress in U.S.-Iran relations until Washington lifts sanctions off Tehran, according to state-run media. "In the relations between Iran and the United States, we will not witness any positive development unless the United States abandons the sanctions and corrects the wrong path it has chosen," Tasnim News Agency reported Rouhani as saying during a ceremony in the nation's capital. He said Iran is not looking to create tension and prefers regional security and will abide by its commitments to a 2015 landmark multination accord aimed at preventing Tehran from acquiring a nuclear weapon if other countries uphold their end of the bargain. Trump...
Scientists seek better understanding of mouse, human brains to improve research

Scientists seek better understanding of mouse, human brains to improve research

Science
Aug. 22 (UPI) -- For decades, scientists have used experimental drugs to cure mice of brain disorders like Alzheimer's disease, glioblastoma and depression. But on human brains, these treatments often don't work. Now, researchers have pinpointed specific differences in the largely similar brain structures of humans and mice, according to a study published Thursday in Nature. The discovery of these differences could open a gateway to understanding why so many treatments that work with mice do not translate to good treatments for humans. "Just as we can use our genes to build our family trees or find long-lost relatives with services like ancestry.com or 23andme, we're letting the genes tell us the story of our brains and their evolution," said Ed Lein, a researcher at the Allen Institute ...