Bangladesh Central bank heist:
Reuters has done quiet an extensive investigation into the Bangladesh central bank heist. The hack into Bangladesh central bank shocked the entire world. Its not just about the $1 billion which the hackers almost got their hands on, but the heist also put a very big question mark on the SWIFT message system, used in most of the International bank transfers. Read full report here.
This article talks about government’s plan to allow foreign educational institutions to set up campuses in Special Economic Zones (SEZs) as a way around some of the legal hassles currently being faced by them.
This article talks about proliferation of Kunjis in the educational system. It never occurred to me that Kunji or Question bank, as I used to call them, selling companies were such a powerful lobby. Almost everyone in my school including myself had used some form of Kunjis in our preparation for board exams.
Capital infusion into PSBs:
A welcome move by the government to infuse capital into Public Sector Banks (PSBs). As the corporate bond market is very muted in India, PSBs, which are the largest lenders to corporate play a very important role.
Asset Reconstruction Companies:
With rising NPAs and RBI’s insistence of cleaning up balance sheets these are exciting times to be in Assset Reconstruction business. SBI is setting up a ARC. This article talks about Edelweiss setting up a ARC.
This article talks about increasing number of people setting up their own Alternative Investment Funds (not ARCs).
Survey of services establishment by NSSO
This article talks about NSSO surveying all service sector establishments in India. I am eager to see some interesting statistics from this survey.