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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CBSE wants schools to frame rules after teachers complain about salaries

Concerned over complaints received from private school teachers across the country over payment of partial salary and delay in disbursement of salary and allowances, the Central Board of Secondary Education (CBSE) has asked affiliated schools to frame service rules and follow them. “A number of complaints have been received against affiliated schools alleging payment of partial salary, delay in disbursement of salary and allowances, promotion and non-availability of welfare measures for teachers, retaining the teachers after schools hours, engaging them in the non-education activities etc. As a result, the teachers…

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Do you use aspirin regularly? It might make colon cancer harder to treat

Daily aspirin use — known to reduce the risk of colon cancer — could also make the disease harder to treat if it does occur, say researchers. The new findings based on mathematical modelling, if confirmed statistically and in the lab, would mean that the aspirin’s ability to ward off colon cancer may come at an unacceptably high cost. Taking aspirin regularly “has been shown to reduce the incidence (of) a variety of cancers,” including of the colon, noted the authors of a study in the Journal of the Royal Society Interface.…

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5 Easy Tips and Quick Fixes To Save Cooking Disasters

Love cooking? But has your last experience of a super salty curry or a burnt cake made you doubtful of donning the apron again? Let us tell you a secret. Even the most celebrated chefs make mistakes except that they know how to save their dish too. There will be days when an extra teaspoon of red chilly can ruin your dish but a good cook is one who has some smart hacks up his sleeves. It is easy to rectify a mistake, if you know what to do. Keep…

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5 Ayurvedic Herbs You Can Use to Fight Stress and Calm Your Mind

Given our chaotic lifestyle and the constant urge to stay ahead in life, stress and anxiety have become common problems. According to the book, ‘The Complete Book of Ayurvedic Home Remedies’ by Vasant Lad, stress is psychosomatic disorder that has many causes in our day-today life. We may feel anxious because of  minor day to day issues or health problems, office work or some kind of emotional turmoil. Stress may trigger other ailments such as allergies, asthma, high cholesterol and hypertension. It may also lead to an imbalance of the vata, pitta andkapha in the…

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What To Eat During Pregnancy: 7 Foods That You Should Include In Your Diet

You may often find yourself in a tough spot when it comes to maintaining a healthy diet. With the easy access to junk food and our super busy lives, it is tough to strike a balance and maintain a healthy diet at all times. Now, imagine sharing the great responsibility for two people instead of one! Maintaining a healthy diet during pregnancy is very crucial. In this special phase, a woman’s body needs additional nutrients, vitamins and minerals. Missing out on any key nutrients may negatively affect the baby’s development.…

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