Standby LCs: Banks need to develop cetralised expert teams

Evergreen Standby LC bears a very critical risk of receiving non-renewal notice from the bank that issued counter Standby LC after the extension of local Standby LC under auto-renewal clause. If such situation unfortunately arises, the entire risk falls on the issuing bank of local Standby LC. This is undoubtedly...

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Stopping harassment of female commuters

A group of photos which were part of a marketing campaign for a t-shirt collection has led to a social media discussion around a serious social issue. A number of photos depicting women wearing t-shirts with caption, 'Gaa gheshe daraben na (Do not stand too close to me)' went viral...

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CAB factor in seven sisters

India, the largest democracy in the world, will have its national elections starting from April 11. To be held in seven phases till May 19, the election will see the participation of over 900 million voters in the biggest electoral exercise where electronic voting machines (EVMs) will be used. The...

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