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‘Life is a shipwreck, but we must not forget to sing in the lifeboats’ and why choosing joy in the face of chaos may be the ultimate act of defiance

Voltaire was an influential French Enlightenment philosopher and writer who championed reason, freedom of thought, and religious tolerance while criticizing injustice and intolerance. Imagine standing on the deck of an ocean liner when a sudden storm tears the ship open. The engine stops, water rushes into the lower parts of the ship, and the vessel…

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New RBI rules may end loan spread tinkering; to standardise rate setting across banks, NBFCs

The methodology used to calculate internal benchmarks will also have to be made publicly available MUMBAI: Lenders may no longer be able to tinker with loan spreads over the benchmark rate to offer new borrowers better deals than existing customers. Draft RBI rules seeking to standardise interest-rate setting across banks, NBFCs and cooperatives require lenders…

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