ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources.
To find details follow the links
Banking
What should have been a
trigger to initiate the long overdue reform in the banking industry, is turning
into a slugfest. Public spat between the Reserve Bank of India and the finance ministry in fixing the blame over the
Rs 13,000-crore Punjab National BankBSE 3.66 %scam involving diamantaire Nirav Modi and Mehul Choksi is exposing the fault lines running
beneath the complicated Indian banking system. Indian banking is like the poor
countryside where the latest model of Mercedes Benz and a pile of garbage
co-exist. Some of the most sophisticated transactions are executed, but as the PNBBSE 3.66 % scandal shows, it also lacks some elementary risk
management systems.
International Business
“What I have to do is convince them, first,
that Texas is a place that they should come do business,” said Mike Skelton,
the Director of the Mayor’s Office of International Business. “And then I can
talk to them about Dallas-Fort Worth. And then once I can talk about that then
I can get to the specifics of Richardson.”
Insurance
National Insurance Credits for those
who look after young children can be worth up to £230 a year in retirement.Insurance
firm Royal London said 90% of those eligible were failing to claim the perk,
known as Adult Specified Childcare
Credit.
Supply Chain
A report from DHL and Accenture bears this out. Despite
all the hype surrounding blockchain today, the study's authors "believe
that the logistics industry needs to leverage new technologies and embrace ways
of rethinking old processes in the digital era." Referring to blockchain
as "The New Internet," the report's author suggests that implementing
blockchain in logistics could remove the need for intermediaries, while
also verifying, recording and coordinating transactions autonomously without
the need
Source of Information for this issue: Google alert accessed on March 27,2018
Knowledge Is Power. Be Informed, Be Knowledgeable, Be Powerful.
Best wishes
Compilation
SK ABDUL GAFFAR
Asst. Librarian
Information and Documentation Division, Chanakya Central Library
Asian School of Business Management
Shiksha Vihar Bhola,
Barang Khurda Road, Chandaka
Bhubaneswar-754012
www.asbm.ac.in
Tel:0674-2374832, 2374833
E-mail:library@asbm.ac.in,
SK ABDUL GAFFAR, Asst. Librarian, Knowledge and Information Services Unit, Chanakya Central Library, Asian School of Business Management, Bhubaneswar. library@asbm.ac.in ; www.asbm.ac.in
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