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View: How the government can truly make India’s state-run banks efficient just like their private sector peers

View: How the government can truly make India’s state-run banks efficient just like their private sector peers

Finance
Budget 2021 has finally made long-awaited policy pronouncements of a reformist nature in the banking and financial sector. Governments are prone to make announcements that catch headlines, but soon fade away with only half-hearted implementation. One says this with the hindsight of the declaration of divestment of the Industrial Development Bank of India (IDBI) in 2015 and later of Air India. But genuine enthusiasm arises from the fact that after declaring that GoI would privatise public sector banks (PSBs), set up an asset reconstruction company (ARC) and establish a development finance institution (DFI) among others, the administration has started to take steps to implement these. It is encouraging that the finance ministry has already sought timelines from ministries on getting the deci...

During Covid, some working mothers find a silver lining: more time with their children

Finance
By almost every measure, the coronavirus crisis has been devastating for working women.More women work on the front lines and are at a greater risk of contracting Covid-19, putting themselves and their families in jeopardy.They have reported increased anxiety and stress as a direct result of new work routines and concerns about job security. At the same time, they have borne the brunt of job losses or had to reduce their hours or take a leave from work in order to take on additional duties at home.  More from Personal Finance:School holidays are particularly challenging for working parentsA return to the office may be coming as vaccinations increasePandemic pushes millions from the labor forceAs women, particularly mothers, exit the workforce, they are also leaving...
Urban pollinators get almost all their food from backyard gardens

Urban pollinators get almost all their food from backyard gardens

Science
Feb. 19 (UPI) -- Which came first, the backyard garden or the backyard pollinator? Strictly speaking, pollinators have been around a lot longer, but a new study suggests a lot fewer urban pollinators would be around without residential gardens. Advertisement In a first-of-its-kind study, researchers in Britain determined just three home gardens can yield a teaspoon of nectar each day -- enough food to nourish thousands of bees. For the study, scientists used a fine glass tube to extract and measure the amount of nectar produced by flowers in the residential gardens of four major cities: Bristol, Edinburgh, Leeds and Reading. Using a refractometer, scientists measured the nectar concentration in the nectar extracted from more than 3,000 individual flowers. "Although the quantity and diver...
Coral reef predators get 70% of their energy from the open ocean

Coral reef predators get 70% of their energy from the open ocean

Science
Feb. 19 (UPI) -- Food webs anchored by coral reefs extend much farther into open waters than scientists previously thought. According to a new study, published Friday in the journal Science Advances, more than 70% of the caloric energy consumed by reef predators is sourced from the open ocean. Advertisement Open surface waters in the tropics are low in nutrients and typically thought to be relatively unproductive, but the latest research these environments are more ecologically valuable than scientists previously estimated. For the study, scientists used isotopic analysis to examine the diets of four grouper species captured near coral reefs in the Maldives, an island chain a few hundred miles southwest of India. The analysis showed all four predatory fish rely on open ocean resources. S...

Black leaders share their advice on how to help Black Americans succeed

Finance
kate_sept2004 | E+ | Getty ImagesIn celebration of Black History Month, CNBC Invest in You is featuring weekly stories from CNBC contributors and members of the Financial Wellness Council, including the lessons they've learned growing up, their advice to Black youth, their inspirations and how they are working to close the racial wealth gap.More needs to be done to help Black Americans find financial and work success, several Black leaders say.That includes providing access to the same financial literacy resources and job opportunities that White Americans have.Many Black Americans have been left behind in the economic recovery. In January, the unemployment rate for Black or African American workers was 9.2%, compared to 5.7% for White workers, according to the Bureau of Labor Statistics. ...