India’s business houses are hardly the paragons of virtue as everyone knows. Many of the business houses are known to siphon money from the public companies to their private coffers through various legal and illegal means. It is difficult to find a company in India which has good corporate governance and the trust of investors. […]
The International Monetary Fund along with the World Bank have received a lot of criticism in recent times because their policy prescriptions have had the opposite result in a lot of cases. Their worst mistakes came during the Asian Crisis in the late 1990s where their counter-cyclical policies resulted in a lot of suffering and […]
India is a country with one of the biggest population of poor people living hand to mouth. But becoming super rich in this country is not rocket science. All you have to do is become a political crony and start counting your millions if not billions. Corruption in India is quite rampant and blatant which has been proved time and again with scam a day. Politicians and Businessmen have been jailed but they have managed to get out on bail using their millionaire lawyers to fake illness and other shenanigans. Some politicians are now involved in both professions with some rumored to be billionaires owning companies through surreptitious means and parking their money in Swiss banks. Business Groups in India see their shares rising and going down depending on which political party wins proving the nexus between politicians and businessmen. There has been no reforms to separate these two and now powerful politico-business dynasties have started ruling large parts of India.
Cord blood refers to the blood that is collected after the birth of a child after the umbilical cord has been cut and is extracted from the fetal end of the cord, diverting up to 75 ml from the neonate. It is usually done within 10 minutes of giving birth.An adequate cord blood collection requires at least 75 ml in order to ensure that there will be enough cells to be used for a transplantation
NGO Krishi Bikash Shilpa Kendra (KBSK) members have been involved in the past in job heist schemes where they have fleeced money from unsuspecting villages using jobs as incentives.5 members of the organization had been arrested in West Bengal .The organization had also used the names of central officials and the national emblem to embezzle money from poor villages.It does not have an inspiring track record with a former secretary in jail as well.There is little details about how this NGO will go about this program or how it would get funds to do it as well.
The European Carbon Trading Market which is the biggest cap and trade market in the world has gone into a monster slump with carbon credit prices having fallen to around 10 euros which is the lowest since March 2009 when almost every global asset had fallen to multi year lows.The trigger for the correction in prices is the future of the EUA scheme in which major carbon emitters in Europe are restricted to quotas and have to buy carbon credits if they exceed their limits.A huge amounts of United Nations CERs are sold into this market as they are allowed to to so.This has led to the mushrooming of a huge growth of carbon consultancies in India and China which help projects in obtaining these lucrative CERs.Note this has recently become highly controversial with a number of frauds happening in trading of these carbon credits.Top investment banks have been convicted of fraud and big sellers of CERs like the HFC producing companies have made ludicrous windfalls of hundreds of millions of Euros.Some of these companies have now started focusing in winning these CERs which are much more profitable than their core operations.