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Raghuram Rajan: Demonetisation put new interest burden on RBI as people found ways to convert black money

The failure to stop dodgy cash coming back into the banking system after demonetisation has likely burdened the Reserve Bank of India with additional interest payments running into tens of thousands of crores, former governor of the central bank Raghuram Rajan said Thursday. Latest Reserve Bank of India data shows that all but 1% of the high-value bank notes demonetised on November 8 last year have returned to the banking system, meaning black money hoarders found ways to legitimise their cash that now earns interest. Rajan estimates this burden could be as…

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New Way to Fight Therapy-Resistant Prostate Cancer Found

Scientists have identified a signalling circuit in cells that can be targeted to treat advanced prostate cancer in patients who are resistant to existing therapies. Prostate cancer is the second-leading cause of death after lung cancer in American men, researchers said. Currently, the most effective treatment for advanced prostate cancer is to deprive the cancer of what feeds it – androgen hormones, such as testosterone. However, almost all patients eventually develop resistance to this therapy, leaving doctors with no options to counteract the inevitable. The study at The Scripps Research…

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City Air Found to Have Traces of Resistant Bacteria

The air you breathe may contain DNA from genes that make bacteria resistant to the most powerful antibiotics developed yet, a study has found. In the study, the researchers looked for genes that make bacteria resistant to antibiotics in a total of 864 samples of DNA collected from humans, animals, and different environmentsworldwide. “In the air samples from Beijing, we found a series of genes that provide resistance to carbapenems — a group of last resort antibiotics taken for infections caused by bacteria that are often very difficult to treat,”…

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Patch for Peanut Allergy Found Beneficial for Children

Researchers have come up with a new wearable patch for skin that claims to treat children and young adults with peanut allergy, finds a study. The study, published in the Journal of Allergy and Clinical Immunology, suggested that small amounts of peanut protein through the skin showed promising benefits for younger children. The treatment, called epicutaneous immunotherapy or EPIT, was safe and well-tolerated, and nearly all participants used the skin patch daily as directed. “To avoid potentially life-threatening allergic reactions, people with peanut allergy must be vigilant about the foods…

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Toxic bacteria found in seafood samples

The presence of E coli signifies the faecal sewage contamination in food and water. (Brian Macdonald/Getty Images) The septic waste is returning to our food. The latest indicator is the presence of toxigenic E coli in seafood samples collected from retail markets, fish farms and landing centres in Ernakulam district and neighbouring areas. The presence of E coli signifies the faecal sewage contamination in food and water. Over the past one year, around 123 samples of fish were taken and analyzed at the Central Institute of Fisheries Technology (CIFT), which…

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New Biomarker For Parkinson’s Disease Found in Urine

  Researchers have discovered that a protein in urine samples correlates with the presence and severity of Parkinson’s disease. The biomarker may act as a possible guide for future clinical treatments and a monitor of the efficacy of potential new Parkinson’s drugs in real time during treatment. “Nobody thought we’d be able to measure the activity of this huge protein called LRRK2 (pronounced lark two) in biofluids since it is usually found inside neurons in the brain,” said Andrew West, Professor at the University of Alabama at Birmingham in the…

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