From the Economic Times : The finance ministry has asked the Reserve Bank to consider giving infrastructure status to the housing sector, and relax provisioning norms for it so banks can extend attractive loans to buyers.RBI has mandated that banks set aside from their profits an amount equal to 1% of total standard assets in […]
Author: Ritesh Sinha
Hashima : Skyfalls Abandoned Island
This story of Hashima island, which provided the setting of the secret lair in the movie Skyfall, is fascinating. Over its history, the island was owned by Mitsubishi Corp., has served as a coal mining town, a labor camp for prisoners from China and Korea during the WWII and was finally abandoned in the 70s, […]
Omnishambles
Hello ‘Omnishambles‘, welcome to the Oxford English Dictionary. Omnishambles: A situation that has been comprehensively mismanaged, characterized by a string of blunders and miscalculations. Or as we know it, the “Indian Government“. The term was coined by Tony Roche in the satire ‘The thick of it”. “European Economy” qualifies too. This blog item was published by Ritesh Sinha.
One million Facebook users data: Price $5
If you are into online marketing, this should not come as a surprise. For $5 you can buy a million full name, email, and their FB profile URL links. Read Bogomil Shopov’s account here: http://talkweb.eu/openweb/1819 Whats a little more troubling is FaceBooks response to his genuine queries, and concern for the users. read that here: http://talkweb.eu/openweb/1842 I […]
Heroes to Fallen Heroes
I used to think I am living in age of champions and true heroes in sports. Sachin Tendulkar, Roger Federer, Michael Schumacher, Tiger Woods, Lance Armstrong rocked the world almost at the same time. They were all above and beyond their competitors. They were demigods in their own respective countries and loved internationally, respected and […]
How is money created? Deposits and Lendings
PositiveMoney website says the following: Here’s a fact that not many people know. A bank doesn’t actually need to have any real money before it can make a loan to someone. When you take out a mortgage from the bank, the bank doesn’t take that money from somebody’s grandma’s life savings. No. Instead, they simply […]
Oldboy remake by Spike Lee: Release date and Synopsis
TotalFilm , reports that Oldboy, the 2003 Korean thriller by Park Chan-Wook is being remade by Spike Lee and stars Josh Brolin as an advertising executive, Elizabeth Olsen as a social worker and Sharlto Copley .The remake gets a preview that pretty much follows the original, except the duration of Imprisonment which changes from 15 […]
The Twelve by Justin Cronin
The Twelve, released yesterday, is the second book in Justin Cronin’s Passage Trilogy. First book, The Passage, was one of the best reads of 2010. The Passage was a post apocalyptic , sci-fi, fantasy novel, covering 93 years since a military experiment with viruses went wrong creating a vampire like photo-phobic super human species. The world created in The Passage […]
Political debates and fact checking.
Can Indian political discussion hold its own against this level of scrutiny? AP: FACT CHECK: STUMBLES IN LATEST PRESIDENTIAL DEBATE Doubt it. This blog item was published by Ritesh Sinha.
Felix Baumgartner’s space jump.
Watch it live here. This blog item was published by Ritesh Sinha.