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Tag: quality

PNB set up centralized loan processing centre to improve quality credit

PNB set up centralized loan processing centre to improve quality credit

Finance
NEW DELHI: Fraud-hit Punjab National Bank (PNB) today opened of its first centralised loan processing centre (CLPC) as part of its efforts to strengthen internal systems and processes. Under 'Mission Parivartan', a future-facing initiative to push the bank forward on its transformation journey, many steps have been taken to position the bank as a future-ready bank, PNB said in a statement. The bank has opened its first CLPC as well as launched a new initiative called Reach In Reach Out (RIRO) as part of efforts to improve credit quality and ensure faster processing of loans. This will ensure improved turn-around-time, separate Pre- and Post-sanction responsibility and enable qualitative credit assessment as well as efficient monitoring. RIRO will serve as a unique communication tool to bet...
Consumer products' air quality impact 'underestimated'

Consumer products' air quality impact 'underestimated'

Science
US research has found that chemicals in everyday household products are now a key contributor to city air pollution, rivalling some vehicle emissions. The study, led from Colorado University, focussed on so-called volatile organic compounds (VOCs). These are contained in petroleum-based products such as cleaning fluids and paints, and when they get into the air can form particles that affect health. The scientists say the sources of non-vehicle VOCs have been underestimated. This appears a somewhat surprising result because by weight, we use far more fuel than we do these other chemical products. 'Reduce your use'About 95% of raw oil goes into the production of fuels, whereas roughly only 5% is refined for use in chemicals that are included in the likes of deodorants, pesticides, and adhes...
Two more illustrious Japanese firms admit to falsifying quality data

Two more illustrious Japanese firms admit to falsifying quality data

Finance
AKIO MORITA, co-founder of Sony, liked to recall his first trip to Germany in 1953, when a waiter stuck a small paper parasol in his ice-cream and sneered: “This is from your country.” Like many of his post-war compatriots, Mr Morita was ashamed that Japan was known for shoddy goods. The fierce drive to reverse that reputation resulted in the Deming Prize, a quality-control award named after an American business guru so revered in Japan that he received a medal from the emperor for contributing to its industrial rebirth. All that hard work is under threat.Toray Industries, a textiles and chemicals giant, is the latest pillar of corporate Japan to admit to quality problems. This week a subsidiary said it had faked inspections on reinforcement cords used to strengthen car tyres. Sadayuki Sak
Wildfires create worst air quality in San Francisco Bay Area

Wildfires create worst air quality in San Francisco Bay Area

Technology
The region has endured days of choking smoke since the fires began Sunday night and claimed at least 31 lives and destroyed thousands of homes and businesses. The smoke cast a dull haze over San Francisco's scenic skyline, and poor visibility has led to numerous flight delays and cancellations at the city's airport. Air quality in most of the region Thursday and Friday was as bad as smog-choked Beijing, according to the Bay Area Air Quality Management District. "We have unprecedented levels of smoke and particles in the air that we normally don't see," said Ralph Borrmann, a spokesman for the district. He called it the worst air quality ever recorded in many parts of the Bay Area. Since Wednesday, about 15 percent of flights in and out of San Francisco International Airport experienced de...
Verizon tweaks prices, cuts video quality on unlimited plans

Verizon tweaks prices, cuts video quality on unlimited plans

Technology
Verizon is raising the price of its unlimited plan while introducing a slightly cheaper, more limited version as wireless carriers battle each other for customers. All major carriers now offer unlimited plans after years of steering people toward paying extra for using more data. Verizon, like its rivals, will start charging more for higher-quality video while hoping to attract cost-conscious customers with a cheaper plan. Verizon's unlimited plan had cost $ 80 a month for one line for those who sign up for automatic payments with a checking account or debit card. Beginning Wednesday, it'll cost $ 85 with high-definition video — capped at 720p for phones. Plans with DVD-quality streaming will cost $ 75. For a family of four, the higher-quality version costs $ 200 a month; the cheaper plan