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India RBI chief flags governance gaps, stressed assets misreporting at banks

reuters.com
1 points·by ephemeralkey·قبل 3 سنوات·1 comments

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ephemeralkey
·قبل 3 سنوات·discuss
The ex-employees should have their day in court, or in this case arbitration. While adding the arbitration clause to employment contracts, Twitter probably did not anticipate the scenario of thousands of laid off employees opting to go to arbitration (as those employment contracts were entered into long before Musk took over).

At least in this round of the battle it is Ex-Employees: 1 / Twitter: 0.
ephemeralkey
·قبل 3 سنوات·discuss
In US healthcare (insurance), mailrooms may receive accountable mail i.e., mail pieces that can be tracked by sender (such as USPS registered mail, FedEx/UPS courier packages etc.,).

Mail is cut, opened, documents sorted, scanned and processed at the mailroom. But the paper is retained for X number of days at the mailroom facility and then Y number of days in an offsite storage facility and then disposed off through shredding. Mailroom staff move the paper that is ready for shredding into a shredding bin (that is locked; because HIPAA). Accountable mail is retained the longest (barring Legal which is even longer).

A shredding company brings an industrial heavy-duty shredder and picks up the shredding bins. A mailroom staff member unlocks the bin and supervises the onsite shredding.

That is the level of complexity that a simple deferred shredding requirement adds to a workflow.

Before you ask Why on earth are they keeping the paper? -- Remember that these are claims (and many times, claim appeals i.e., appeals against a previously denied claim; sometimes they come from lawyers on behalf of the insured); Imagine a mis-sorted document that causes an appeal to be delayed in processing. The insurance company is liable to be fined for each day of delay. Also, in case of accountable mail, the sending party has proof of delivery of the document, so if the case went to court, it is going to be a replay of the scenes from movie The Rainmaker and arguments on why the insurance company did not process the appeal decision on time.
ephemeralkey
·قبل 3 سنوات·discuss
Medicare, Medicaid (Some states better than others), Veteran Affairs Health system.

There are definitely examples of universal healthcare that seems to operate well in small universes.

From CMS on National Health Expenditure [1]:

> NHE grew 2.7% to $4.3 trillion in 2021, or $12,914 per person, and accounted for 18.3% of Gross Domestic Product (GDP).

> On average over 2021-30, National Health Expenditures (NHE) and Gross Domestic Product (GDP) are both projected to grow 5.1 percent per year; as a result, the projected NHE share of GDP in 2030 (19.6 percent) is similar to 2020 (19.7 percent).

McKinsey [2] cites

> Of the nearly $4 trillion spent on healthcare annually in the United States, administrative spending is about one-quarter of the total; delivery of care is about three-quarters.

Nearly a trillion dollars in administrative spending that could otherwise go into care delivery! (Yes, some administrative spending will remain, but the pie is so large).

That just shows that entrenched forces are strong.

[1]: https://www.cms.gov/research-statistics-data-and-systems/sta...

[2]: https://www.mckinsey.com/industries/healthcare/our-insights/...
ephemeralkey
·قبل 3 سنوات·discuss
Filter the CommonCrawl data for webmanifest file URLs and publish a concise URL index as a simple text file (on say GitHub).

We can use this to bootstrap a Progressive Web Apps (PWA) index webpage (also as a PWA) and give the platform app stores some competition!

CommonCrawl has an AWS Athena SQL query sample here: https://commoncrawl.org/2018/03/index-to-warc-files-and-urls...

We can filter by

  content_mime_type             STRING,
  content_mime_detected         STRING,
fields for the MIME type 'application/manifest+json'
ephemeralkey
·قبل 3 سنوات·discuss
I just tried it and it looks great! Congratulations.

In the sample I tried the text (i.e., story) flowed logically and felt like it had a beginning, middle and end. The images could use some consistency across the entire story (style, characters etc.,)

Good job!
ephemeralkey
·قبل 3 سنوات·discuss
> They are an identifiable human being.

> Generative AI tools and technologies, such as ChatGPT, may not be listed as authors of an ACM published Work. The use of generative AI tools and technologies to create content is permitted but must be fully disclosed in the Work.
ephemeralkey
·قبل 3 سنوات·discuss
There is a silent secular majority in the country that wants absolutely nothing to do with this drivel (i.e., the slide referred to in the parent and what some politicians say as referred to in the GP post).

We have always had crackpots (sometimes crackpots in positions of power/influence) who spout nonsense on all flavors of political ideology. Unfortunately, media (traditional and social media) amplifies the nonsense.
ephemeralkey
·قبل 3 سنوات·discuss
> "During the course of our supervisory process, certain instances of using innovative ways to conceal the real status of stressed loans have also come to our notice," Shaktikanta Das said during his inaugural address to directors of banks at a conference organised by the RBI.

> Das did not name any bank. Instead, citing examples, the governor said that supervisors had spotted some instances of sale and buyback of stressed loans between two lenders, structured deals with good borrowers to conceal stress and disbursement of new loans close to the time of repayment.

It is amazing how the banking industry goes to such extents to conceal weaknesses in their balance sheet. When enough critical mass of banks do this, we get systemic failures like bank runs.

The only silver lining is that the RBI (India's central bank) caught this as part of their regulatory/supervisory activities.
ephemeralkey
·قبل 3 سنوات·discuss
> Why are only Hindu temples under the control of various state governments?

That is because historically, a lot of the land (farm and non-farm) came under the Hindu temples when the temples were under the administration of kings. The British East India Company took over the administration which then transferred to the provinces (prior to independence) and then the states post-independence. Different states then passed laws. For eg: See https://hrce.tn.gov.in/hrcehome/hrce_about.php for Tamilnadu state's Hindu religious and charitable endowments department.

> Religious minorities can run their own schools where they can teach their children their way of life? Can Hindus do this qua Hindus?

Ofcourse they do. I studied in a school ran by a Hindu trust and we had students from all religions. There was morning devotional prayers (Hindu hymns), friday bhajans (singing religious hymns) etc., and everyone attended. Stop spreading this hate about us vs them.

> When religions conversions are used to shift demography, this has national security implications

Ah, the national security bogeyman! Why don't you try shifting the demography of the armed forces to address that? I think men and women in defence forces from all religious backgrounds would have something to say about that.
ephemeralkey
·قبل 3 سنوات·discuss
> Secularism in modern India is a synonym for Hinduphobia ...

  1. Secularism is a constitutional principle enshrined in fundamental rights in the Indian constitution. The fundamental *Right to Equality* in the Indian constitution already implies this. Although, the word *secular* was added explicitly to the constitution through the 42nd Amendment (in 1976), it has been implictly read in through various Supreme Court rulings. The dishonest equivalence of secularism with Hinduphobia is by those who want to attack the Right to Equality.

  2. The comment mentions polygamy permitted under Muslim personal law. Marriages in India are governed by personal laws. There was a time when inter-religion/inter-caste marriages were illegal. Polygamy among Hindus was legal until 1956 when the Hindu Marriage Act (a personal law) was amended to outlaw polygamy. There is a landmark case currently underway on the equality of marriage sought by LGBTQ+ individuals to bring same-sex marriage the same legal protections as marriage between a man and a woman. This is an evolving legal area. The courts are quite conscious of the fact that not everyone, including Hindus want personal laws to be overturned (as it also impacts succession, property rights etc.,). There will be broad based support for overturning some anachronistic personal laws due to intersectionality (eg: Hindu gay men wanting to marry or Muslim women wanting triple-Talaq (divorce) law overtuned).
> It is only in "secular" India that organized religious conversions were allowed (emphasis added) ...

  3. It is right there in the constitution. Article 25 (1) states that: *Subject to public order, morality and health and to the other provisions of this Part, all persons are equally entitled to freedom of conscience and the right freely to profess, practise and propagate religion*

  4. The word *propagate religion* includes religious conversions. So, proselytizing is covered by the constituion. The law also says *forcible conversions* are illegal since it infringes on right to freely practice one's religion. Of course, the fascists will equate all proselytizing with forcible conversions.