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Tuesday, May 03, 2016

May 3, 2016 - ICICI Bank to auction Dunlop property in Mumbai

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
GiveDirectly, a charity that gives money directly to poor people in Kenya and Uganda, is launching a big new project: a basic income that guarantees a flow of cash to 6000 people in Kenya for the next 10 years or more. What's different about this project compared to similar efforts in Finland, Silicon Valley and Ontario is that entire villages (in a developing country) will get the amounts and they are guaranteed to get it over a long period of 10 years. Even within a year or two, consumption patterns and other behaviour will likely change in the villages getting the UBI, in large part because participants know the payments will continue for the foreseeable future. That will likely lead to planning and work shifts that wouldn't take place in a temporary trial. So far, it's gotten results. A randomized evaluation of the charity found that recipients ate more and experienced less hunger, invested in expensive but worthwhile assets like iron roofs and farm animals (and did not spend more on things like alcohol or tobacco), and reported higher psychological well-being. They were less hungry, richer, and all-around happier. - Comment

ICICI Bank to auction Dunlop property in Mumbai

The landmark property is set to go under the hammer this month as the lender has set May 16 as the deadline for receiving bids.




Property Listing: Goyal Orchid Whitefield, Bangalore
pinclick
1/2/3 BHK apartments, starting from Rs 35 Lacs.

 

Property Listing: Godrej Infinity, Keshav Nagar, Pune
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Luxury 2/3 BHK apartments, from Rs 38 Lacs - Rs 92 Lacs.

 


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Mobile ordering is part of our long-term plan: Sumitro Ghosh

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