China moves up date for lifting some restrictions on foreign investment to 2020

BEIJING – China lifted some restrictions on foreign investment in the financial sector Saturday as the world’s second-largest economy fights slowing growth at home and a damaging trade war with the United States. China will remove shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, one year earlier than originally planned, the Financial Stability and Development Committee said in a statement posted by the central bank. Foreign investors will also be encouraged to set up wealth management firms, currency brokerages and pension management companies, the statement…

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Unhealthy food at work may up risk of lifestyle ailments

Employees who purchase unhealthy food at office may indulge in such diet outside work as well, increasing their risk of lifestyle ailments such as obesity, diabetes and cardiovascular disease, a study suggests. A recently conducted study demonstrated that employees at a large urban hospital who purchased the least healthy food in its cafeteria were more likely to have an unhealthy diet outside of work, be overweight and obese. They also were more likely to have risk factors for diabetes and cardiovascular disease, compared to employees who made healthier purchases. These…

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Mental health patients detained in hospital wards for up to 21 years

 Library image. One patient at Birmingham and Solihull mental health NHS foundation trust spent 7,914 days – more than 21 years – in one of the wards. Photograph: Christopher Thomond/The Guardian A patient locked in a secure ward for more than 21 years is among hundreds of people with mental health problems being kept in what one MP has called “old-style asylums” in NHS hospitals, an investigation can reveal. Keeping people in so-called “locked rehabilitation wards” has been condemned as “outdated and sometimes institutionalised care”, by the NHS watchdog, with many patients…

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Private investment in infrastructure must go up

In addition to financial sector reforms, funding infrastructure through private sector participation needs reforms in the contracting mechanism.(AFP) The Bharatiya Janata Party (BJP) manifesto promises to spend Rs 100 lakh crore on infrastructure in the next five years. This can only happen if there is an increase in private participation, for which India needs to undertake financial sector reforms that encourage the creation of a pool of domestic long-term savings to be invested in infrastructure projects. The scale of investment targeted is more than what can be done through government…

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Godrej Appliances lines up Rs 500 crore investment

KOLKATA: India’s largest home grown white goods maker, Godrej Appliances plans to invest Rs 500 crore over the next three years to expand capacity and set up a new plant in Pune in a move aimed at completely localising its production process right till the component level. The company’s business head Kamal Nandi said the proposed investment will be to start local manufacturing of front-load washing machines, hi-end frost free refrigerators and air-conditioners, and their components which are currently largely imported. Godrej Appliances last investment was three years back to…

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Shopping in ‘unhealthy’ locales up blood pressure risk: Study

The study using Pop-up health check stations in England found a possible link between “unhealthy’ shopping centres and the number of cases of suspected or diagnosed high blood pressure. Shopping in ‘unhealthy’ locales up BP risk: Study  |  Photo Credit: Thinkstock London: People who frequently indulge in shopping in “unhealthy” areas as compared to those who visiting “healthy” retail stores, were more likely to be at risk of high blood pressure, say researchers. The study using Pop-up health check stations in England found a possible link between “unhealthy’ shopping centres and…

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