Author: Indmedia
Revolving credit, one of India’s finest tools for financial inclusion, has made deep inroads in creating sustainable rural wealth. Still, rising risks of debt recycling have made the Reserve Bank of India (RBI) sceptical.For rural India, where income is mainly seasonal and contributes 46% to 50% of gross domestic product, revolving credit became an important component and shield against financial shocks as well as informal loan sharks.Structural rigidity in the formal credit framework led to mismatch in cash-flow needs of farmers, who incur expenses on seeds, fertilisers, labour and irrigation months ahead of income stream after harvest. Revolving credit bridges…
Lawyers for Erin Patterson have argued that allowing jurors to stay in the same hotel as police and the prosecution while they deliberated over their verdicts in the triple-murder trial represented a “catastrophic” failure of the justice system.But the prosecution say it was far from a catastrophe, and showed the system worked as it should.On Wednesday, three judges of Victoria’s highest court started hearing two appeals – by Patterson herself and the state’s director of public prosecutions (DPP) – into the conviction and sentence in the case.Patterson, 51, is appealing against her convictions, while the DPP appealed against the sentence…
The study argues that natural sugars and starch found in fruits and honey delivered the required glucose to power a rapidly-expanding human brain. Image used for representational purposes only | Photo Credit: istock/Serg_Velusceac Was it meat or glucose that fueled the growth of the human brain? If evolutionary science told us, hitherto, that human brain expansion relied on meat to grow, a new study has an interesting addition to this theory. Published in a recent issue of Science, the study posits a dual fuel strategy – sugar and meat – as having powered brain expansion in humans. The multi-centre study by…
The Centre told the Supreme Court that the NEET examination security system is “foolproof” and difficult to breach. NEW DELHI: The Centre on Wednesday told the Supreme Court that the system put in place for conducting the NEET examination is “foolproof” and difficult to breach, as the court heard concerns related to the security and handling of question papers.The Centre told the court that vehicles transporting NEET question papers are equipped with GPS systems and even minor movements are recorded, providing an additional layer of security during their transportation.“Vehicle carrying NEET question papers has GPS, even small movement is recorded,”…
Maharashtra chief minister Devendra Fadnavis MUMBAI: The Maharashtra government on Tuesday put on hold the CCMP registration process for homeopathic doctors seeking limited practice of modern medicine (allopathy), pending the final decision of the Bombay High Court and further government directions.The decision came after sustained agitation, a strike and representations by the Indian Medical Association (IMA) and Central MARD, according to a statement, according to news agency PTI.IMA and Central MARD had been protesting against the proposed grant of Maharashtra Medical Council (MMC) registration to homeopathy practitioners who have completed the one-year CCMP (Certificate Course in Modern Pharmacology). They raised…
New Delhi: A Dwarka resident was allegedly duped of Rs 17.3 lakh by scammers who lured him into investing in the forex market through a purported trading platform.The complainant came into contact with the suspects through WhatsApp in Jan. He was initially offered trading advice for the Indian stock market but was later persuaded to invest in forex, with the promise of higher returns. He was directed to use a purported trading website and asked to deposit funds to begin trading.He initially deposited about $4,500 and was shown a profit in the trading account. A small withdrawal was made as…
Pradeep Menon, country head and MD at Schwab India. Bengaluru: US investment services firm Charles Schwab is accelerating its India playbook, scaling up its Hyderabad global capability centre (GCC) to around 500 employees by the end of this year and 2,000 by 2027-end, with a strong focus on engineering capabilities.The centre’s initial mandate spans technology imperatives, including cybersecurity, data, analytics, cloud computing, and deploying AI to improve engineering productivity and efficiency. “Over time, the centre will play an increasingly important role in advancing technology modernisation, supporting innovation and contributing to capabilities across areas such as cloud, data and AI. AI…
The victim was identified as Kallu Roopa Reddy. HYDERABAD: A Class 10 student of a private school in Telangana’s Nalgonda district has allegedly stabbed its director and teacher to death, police said on Wednesday.The victim was identified as Kallu Roopa Reddy.According to Nalgonda Police, “Nagarjuna school director and teacher Rupa Reddy was brutally killed at her residence. She was allegedly stabbed by a Class 10 student of the school. The accused has been into custody.”She was found dead with multiple stab wounds at her residence in Kondamallepally mandal last week.Police said the woman was alone at home when the incident…
Vidya Reddy co-founder and Executive Director of Tulir Chennai: In the assembly session on Monday, Tamil Nadu PWD Minister Aadhav Arjuna attributed a “40% rise in Protection of Children from Sexual Offences (Pocso) cases between 2023 and 2026” to the state’s inability to crack down on drug culture (which he claimed ‘arrived’ in 2020). As per the National Crime Records Bureau data released in 2024, Tamil Nadu topped the list of drug overdose deaths with 313 reported. More than 18,000 POCSO cases are pending in Tamil Nadu courts.Psychologists and experts working in the area of child sexual abuse say the…
Two individuals died and nineteen others were hospitalized after consuming illicit liquor (Representative image ) BHAVNAGAR: Two people died and 19 others were hospitalised after allegedly consuming spurious liquor in Gujarat’s Bhavnagar district, officials said on Wednesday.Four suspected bootleggers have been detained in connection with the incident, they said.Gujarat is a ‘dry’ state where manufacture, sale and consumption of alcohol are banned.Bhavnagar Collector Manish Kumar said the victims had consumed liquor from duplicate bottles of an IMFL (Indian Made Foreign Liquor) brand. Source link