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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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Snapchat Redesigns App to Shift interest to Media Channels

Snapchat is remodeling its utility to make its media partners’ channels extra attractive to click on, in a circulate that could draw extra advertising sales. The channels, known as discover, are like mini cellular magazines on Snapchat run by way of media companions, along with BuzzFeed and Time’s humans mag. The startup slots commercials between the testimonies people can swipe via. however find out isn’t always the most popular a part of the app. whilst 150 million people visit Snapchat day by day, a discover channel may additionally most effective…

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Smartphones Can reason interest Deficiency, Hyperactivity: study

Are you losing interest without problems when trying to cognizance, or having trouble doing quiet obligations and sports? If yes, the pervasive use of a phone can be the cause at the back of those interest-deficit/hyperactivity disease (ADHD)-like symptoms, new research indicates. latest polls have shown that as many as ninety five percent of telephone users have used their phones during social gatherings; that seven in 10 people used their phones while working; and one in 10 admitted to checking their phones for the duration of intercourse. cellphone proprietors spend…

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