Modern monetary theory- a resurrection of a failed idea

Desperate times call for desperate measures. Policymakers in the developed world have been left gasping amidst the ruins of slow economic growth, high youth unemployment and rising income inequality. Such conditions are usually the perfect breeding ground for heterodox economic ideas. The contemporary avatar of such an idea is the sensational modern monetary theory (MMT).

7 Essential Oculus Quest Accessories Under $20 in 2019

The Oculus Quest is here, and it’s brought an untethered VR system that includes Oculus Insight Tracking for a full room-scale experience and updated Oculus Touch controllers for intuitive input within the virtual world. The Quest isn’t exactly cheap to start out with, so you’re probably looking for some affordable accessories to go along with

Merger impact: Bank of Baroda looks to rationalise 800-900 branches

NEW DELHI: State-owned Bank of Baroda (BoB) is considering the option of rationalising 800-900 branches across the country to improve operational efficiency, following its merger with Dena Bank and Vijaya Bank. The merger of Dena Bank and Vijaya Bank with BoB became effective from April 1. It does not make sense to have branches of Dena

Extreme Networks’ Approach to Autonomous Networking Is Elemental

This week at its ExtremeConnect user event in Nashville, Tenn., Extreme Networks played the tune of autonomous networks. The theme of the event was #FutureForward, indicating that the customers in the audience should be looking at many of the upcoming technology and business trends to architect their networks. This includes technologies such as internet of

RBI asks shadow banking companies to appoint risk officers

India’s central bank said on May 16 that shadow banks with asset size of more than 50 billion rupees should appoint a chief risk officer in a move to tighten regulation after a series of defaults at top lender Infrastructure Leasing & Financial Services’ (IL&FS). The government took control of IL&FS last year after its default

City with a female face: how modern Vienna was shaped by women

Aspern Seestadt has an explicitly family-oriented design, with a specific emphasis on taking women’s needs into account in its planning. Photograph: Daniel Hawelka for Seestadt At 240 hectares, the neighbourhood of Aspern, Vienna, is one of the largest urban developments in Europe. By the time it is complete in 2028, it is due to be

12 Indians Arrested for Running Illegal Networking Business in Nepal

Kathmandu: Twelve Indian nationals have been arrested for allegedly running an illegal networking business and duping several people in the Himalayan nation, according to media reports. All the 12 accused, belonging to Uttar Pradesh, were arrested from a hotel in Kathmandu on Friday while organising an orientation and training programme to run the illegal networking business

Startup Saturday: The app that got Pune networking over food

Renu Deshpande, co-founder Meetroz(HT PHOTO) Vijay Kapse had spent more than 14 years on the street selling additives. “I used to go to different cities, travel through various industrial hubs, IT belts etc. During these tours I noticed a few problems. One was food. The company gives you a food allowance but ordering for a

Teach Your Teen That Networking Is Actually Important

Growing up, I’m not sure I ever heard the term “networking.” When I finally heard it in college, it sounded to me like a trendy buzzword that only a business major would use. It made me think of briefcases and fat rolodexes—definitely not anything that would be relevant to me. I was a music performance

View: Economies of scale in bank mergers would be huge

The recent successful merger of two public sector banks (PSBs), Dena Bank and Vijaya Bank, with Bank of BarodaNSE -2.97 % has paved the way for the future road map of PSB restructuring. It has created the right synergy, achieved scale & resulted in better shareholder value creation. It would be wrong to think that this move of GoI was in