You are here

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…

Read More

There’s a Cheetos-themed restaurant in New York. Here’s why it’s worth the visit

A Cheetos-themed restaurant, helmed by celebrity chef Anne Burrell, is set to open in New York next week that will serve everything from Cheetos-crusted deep-fried pickles, Flamin’ Hot Cheetos mac-and-cheese, and Cheetos-crusted cheesecake. For three days, a cloud of cheesy, orange-colored dust will hang over a pop-up dubbed The Spotted Cheetah in New York, where the snack food with a cult following will be reinvented as hot meals by celebrity chef Burrell. It’s not the first time Cheetos have appeared on a restaurant menu. Last year, Burger King debuted Mac…

Read More

Amazon looks to new food technology for home delivery

Amazon.com Inc is exploring a technology first developed for the U.S. military to produce tasty prepared meals that do not need refrigeration, as it looks for new ways to muscle into the $700 billion U.S. grocery business. The world’s biggest online retailer has discussed selling ready-to-eat dishes such as beef stew and a vegetable frittata as soon as next year, officials at the startup firm marketing the technology told Reuters. The dishes would be easy to stockpile and ship because they do not require refrigeration and could be offered quite…

Read More

Just What Tesla Doesn’t Need – Mazda’s New Internal Combustion Engine Technology

Tesla might not be all that happy about this and the various governments that are insisting upon electric only vehicles for the future might also regret that decision–Mazda has just announced a breakthrough in internal combustion engine technology. This is great for consumers of course as more choice is good as we get to pick and choose from among the various offerings to find something that more closely meets our needs and desires. But there’s also a larger economic point here which is that we just don’t know what is…

Read More

Drinking Coffee Helps You Live Longer, Pair Of New Studies Confirm

There’s another scientific evidence for you to enjoy your regular cup of joe in the morning. Two new large studies published Monday, July 10, in the Annals of Internal Medicine showed that coffee could extend one’s life through reducing the risk of death from heart disease, stroke, diabetes, or even cancer. This link between coffee and reduced death risk held up even if one is having a decaffeinated drink. The studies involved more than 700,000 participants from across a number of races, ethnicities, and cultural backgrounds. 1st Study: Across 10 Leading Causes Of Death…

Read More

The 15-Minute Guided Meditation Video to Start Your New Year Off Right

Holiday travel and time spent with family and friends can be amazing, but all the celebratory meals, drinks, and out-of-whack sleep schedules and air travel can take a toll. Your body is likely looking for a reset, and the stress of returning to work after all the festivities can be overwhelming. Repair your body and mind all at once with a simple routine of mindful meditation to get you back to your grounded, happy self. (Here’s why you should meditate, and how to start). This guided meditation can be done anywhere…

Read More