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The reason India's banks show massive credit offtake before the end of a fiscal

The reason India's banks show massive credit offtake before the end of a fiscal

Finance
KOLKATA: Indian banks have reported credit offtake of a massive Rs 2.76 lakh crore in the last fortnight of FY18, Reserve Bank of India data showed. There is a possible catch though. It's unlikely that the demand for bank loans has suddenly risen to the roof as the data suggested. It's perhaps the usual dressing up of balance sheet before the close of the fiscal known as window dressing in financial parlance. "This credit offtake data does not reflect the demand for bank loans. It's the year-end phenomenon where everybody pushes up their balance sheet," said Madan Sabnavis, chief economist at CARE Ratings. Credit offtake during the preceding fortnight was about Rs 31,000 crore. The last fortnight credit figure was Rs 40000 crore less than what it was in the corresponding fortnight in FY17,...
The Weird Reason Bodybuilders Are Buying Breast Milk From Nursing Moms

The Weird Reason Bodybuilders Are Buying Breast Milk From Nursing Moms

Health
There’s a growing market online for nursing mothers who want to sell their breast milk—and weightlifters looking to build muscle are among the buyers. Just this week, one mom who gave birth in August made the claim that she’s pocketed $ 6,000 by selling her milk to bodybuilders.The 24-year-old mom, Rafaela Lamprou, overproduces milk, according to the New York Post, so she sells the excess. It’s not clear why her body makes more milk than her infant son needs, but an oversupply can lead to uncomfortable side effects like breast engorgement and plugged ducts.RELATED: 10 Breastfeeding Myths and FactsLamprou said that she was initially giving away her excess milk to moms who had trouble breastfeeding. But then men started asking
Everyone is upset about India's banking mess except NBFCs. Here's the reason why

Everyone is upset about India's banking mess except NBFCs. Here's the reason why

Finance
When Infrastructure Development and Finance Co (IDFC) was granted universal banking licence in 2014 from among 26 applicants, it was the envy of those who missed out on the coveted prize. Three and a half years later, both investors and the managements that were not lucky enough, are smiling. A surge in liquidity, regulatory arbitrage, and the crippled state of banks converged to make the non-banking finance company (NBFC) business model a success with equity investors latching on to any business that would reflect the Indian financial services growth without its baggage of bad loans. Life has come a full circle with premium attached to banks shrinking while NBFCs gaining traction. IDFC Bank which came into being in 2015 has lost 15.91 per cent since, while its parent IDFC gained 16.33...
Here's a new reason to work fewer hours

Here's a new reason to work fewer hours

Finance
Asking for a raise: Women vs. menGone are the days of strolling into work at 9 a.m. sharp and clocking out precisely eight hours later. American workers are putting in more time on the job than ever before. In a 2014 Gallup poll, 40% of U.S. employees said they work more than 50 hours each week, while 20% put in more than 60 hours. Of course, nowadays, you don't need to physically sit in an office to perform work-related tasks -- a fact that's both a benefit and a curse. With the ubiquity of smartphones and the ability to access proprietary systems remotely, workers can log on at all hours and respond to job-related demands at any time. Working outside the office is still working, and for the nearly half of U.S. employees who regularly put in 50 hours or more each week on the job, it's a...