One of the principal claims made by Ripple for XRP is that it would free up $5tn that is “sitting dormant” in bank nostro/vostro accounts around the world. In a blogpost, Ripple says that this “ties up capital that could be used in more productive ways.” Using a digital...
Continue reading
February 11, 2019 Loknath Das
Banking
No Comment
A day after three PSU banks were removed from Prompt Corrective Action (PCA) framework of the RBI, Finance Minister Piyush Goyal Friday expressed hope that other remaining 8 lenders will be out of the list soon. Various steps taken by the government has helped the banks significantly and as a...
Continue reading
February 1, 2019 Loknath Das
Banking
No Comment
It already provided Rs 51,533 crore to a clutch of state-run banks by end-December. The government has indicated to state-run banks that it will finalise the infusion of over `54,000 crore into public sector banks (PSBs) once their results for the December quarter are out in February, banking...
Continue reading
January 29, 2019 Loknath Das
Banking
No Comment
Hard work always pays off nicely. Senior man signing a check. Close up. Focus on hand.GETTY OBSERVATIONS FROM THE FINTECH SNARK TANK What’s the biggest money-related lie? Until recently, it was “the check is in the mail.” With the growing prevalence of digital bill payment, however, fewer of...
Continue reading
January 28, 2019 Loknath Das
Banking
No Comment
School Committee approves pilot program that would make snow days teachable moments The School Department is starting the new year with a new attitude toward snow days since the School Committee voted to pilot a Distance Learning Days program. The program is designed for students to complete school...
Continue reading
January 23, 2019 Loknath Das
Distance Learning
No Comment
The Central Board of Secondary Education (CBSE) will introduce two levels of examination in Mathematics for Class 10 students in 2020 to cater to different kinds of learners. The nomenclature for the two examinations will be Mathematics – Standard, for the existing level of examination, and Mathematics –...
Continue reading
January 11, 2019 Loknath Das
CBSE
No Comment
