TRADITIONAL NORMS
Coal Ministry seeks view on draft coal, lignite mining plan norms
In a groundbreaking move, draft guidelines propose transitioning to advanced technologies for sustainable coal mining, focusing on land restoration and mechanized mining over manual methods. The industry is poised for a transformative shift towards more efficient and environmentally friendly practices.
From stuffed toys to sports cars, sales break gender rules
Gender norms are blurring in purchasing decisions, particularly in urban India, with more men and women adopting newer hats in their social and professional lives. Consumer goods companies are adapting their marketing strategies to address this change. Women are increasingly buying 'toys for boys', such as drones and remote-control cars, accounting for 25-30% of Hamleys' sales.
Study Abroad: Challenges and opportunities for Indian students
Studying abroad has long been a cherished aspiration for many Indian students, offering opportunities for global careers and expanded knowledge. Despite the challenges posed by stricter immigration policies and increased scrutiny, the desire for international education remains strong. Factors driving this trend include the diversity of academic programs, global exposure, availability of scholarships, and access to advanced technology and innovation.
Jeans with pee-stained sold out despite its high price; Here's is why
A pair of pee-stained jeans which has been priced at over $800 has already been sold out. This new design is said to be breaking societal norms.
Zerodha's Nikhil Kamath on parenthood: 'Don't want to ruin 20 years of my life babysitting'
Zerodha co-founder Nikhil Kamath recently shared his unconventional take on parenthood and legacy on his podcast, WTF. Kamath challenges traditional views, questioning the necessity of having children to carry on a legacy. He emphasizes living well and social responsibility over seeking posthumous recognition. Kamath's commitment to philanthropy, exemplified by joining The Giving Pledge, reflects his values, inspiring others to reconsider societal norms.
Private companies may have to let government buy wheat first
Private wheat industry and trade are eyeing Uttar Pradesh, currently the source of the cheapest wheat in India, as the central government's wheat stock is expected to fall below the buffer norm on April 1 for the first time in over a decade. However, they may have to wait before refilling their silos until the government meets its procurement targets. The government has signaled to the industry not to hoard wheat during the arrival season to allow for procurement. While the new crop will start arriving in April, larger volumes are expected after mid-April.
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Navigating Food Taboos: Why the discomfort around the hand that feeds
Exploring cultural norms and customs surrounding food in Indian and Ethiopian societies. Rukmini Srinivas' memoir "Tiffin" serves as a backdrop, depicting her Tamil Brahmin aunt's strict adherence to dining rules. These customs, rooted in the concept of "jootha" (uncleanliness), reflect broader societal attitudes towards food and sharing. The narrative delves into instances where rules are relaxed, such as during celebrations or familial interactions.
Breaking the mold: Women's job preferences challenge traditional career norms, study finds
A study by DBS Bank and CRISIL highlights that career advancement and competitive salary are key factors for 69% of salaried women when choosing a job. Among them, 38% prioritize career growth, followed by 31% who emphasize a competitive salary, with work-life balance and job security also considered important by 12% and 11% respectively.
Here’s how 'Madame Web' broke the superhero tradition with no post-credits scene
Breaking away from the typical conventions of superhero movies, the highly anticipated 'Madame Web' pleasantly surprises audiences by forgoing the customary post-credits scene. Unlike many films in the genre, which often tease future narratives or character arcs in these sequences, 'Madame Web' embraces a more definitive conclusion.
New BIS norms to speed up electronics, IT hardware Companies' compliance process
The BIS on January 9 announced that the pilot project on parallel testing for select electronics goods would be institutionalised as a permanent provision, covering a total of 64 products under the Compulsory Registration Scheme (CRS). Manufacturers can opt for parallel testing voluntarily, while those preferring the traditional sequential method could continue to do so.
When 'traditional' ceremonies become refreshingly different
Actor Randeep Hooda's wedding to model Lin Laishram in a traditional Manipuri Meitei ceremony captured public attention. Social media buzzed with admiration for its uniqueness, sparking interest in Meitei customs. However, the overwhelming positivity revealed a lack of awareness about India's diverse rituals. The surge of appreciation mirrored historical Orientalism, showcasing how many Indians remain unfamiliar with the country's rich tapestry of traditions. This calls for a revival of regional customs amid the trend towards standardized weddings to preserve India's vibrant cultural diversity.
Fintech lenders may face the brunt of RBI’s tightening of capital norms for unsecured lending
Given that fintechs have mostly focussed on disrupting unsecured personal loans, consumer durable loans, credit cards and gold loans through the use of technology, the impact on them will be huge, said industry insiders.
Breaking gender norms: Kim Kardashian named GQ's 'Man of the Year'
Kim Kardashian challenges stereotypes, named GQ's 'Man of the Year' for breaking gender norms in a bold photoshoot. Despite mixed reactions, her inclusion recognizes her impactful presence in the business world.
Father challenges societal norms with baraat to welcome daughter after divorce
Stepping away from tradition, a father in India organised a baraat, a celebratory procession typically held for the groom, to welcome his daughter back home after her divorce. Prem Gupta's heartwarming gesture challenged societal norms surrounding divorce and sent a powerful message of love and support.
New cover story: 30% commission cap likely in credit life policies
Credit life insurance is a type of life insurance designed to help in loan repayment if the insured person passes away before the loan is fully repaid. While this policy is optional, if it is chosen, its cost is added to the loan's principal amount.
Taylor Swift's 'The Eras Tour' movie expected to disrupt traditional movie business in US
Movie theatres are preparing for the release of 'Taylor Swift: The Eras Tour', a concert film expected to launch with over $100 million in ticket sales. The film marks a new trend in the industry, as big stars like Swift and Beyonce are bypassing Hollywood studios and making deals directly with theatres.
India to take lead in defining global rating standards for ESG: Sanyal
Sanjeev Sanyal, a Member of the Economic Advisory Council to the Prime Minister, spoke at the Africa Partnership Conference in Mauritius about the need for clear Environmental, Social & Governance (ESG) norms. He emphasized the importance of globally recognized ESG norms and effective monitoring of their implementation. Sanyal also discussed India's economic growth, infrastructure development, and its aim to become the world's 3rd largest economy.
Janmashtami 2023: Origin and significance of Dahi Handi tradition
Dahi Handi is a cultural and spiritual tradition that revolves around suspending a pot filled with yogurt at a significant height. It is believed that during Lord Krishna's playful years in Vrindavan, he, along with his friends, the Gopas, engaged in mischievous adventures, including stealing butter and yogurt from village houses.
Back to basics: How traditional Indian recipes can help beat soaring vegetable prices
The recent rise in vegetable prices in India has led to questions regarding the traditional Indian cookbooks that do not rely on expensive ingredients such as onions and garlic, but instead use traditional vegetables that require more effort to prepare. The focus is on using preserved foods such as vadis, badis, and vathals, which can be easily made and used when produce is scarce or expensive.
Barbie 2023: A loaded icon amidst shifting gender norms and aspirations
Barbie faces criticism for perpetuating impossible body ideals and consumerism, causing some parents to reject the iconic doll. Women entrepreneurs have responded by creating alternative dolls that promote diversity and empowerment. The release of a Greta Gerwig-directed movie has sparked conversations about Barbie's impact on modern society, causing some to distance themselves from the doll while others embrace it. Parents like blogger Apurva P choose to expose their children to diverse Barbies, while those like Smriti Lamech create alternative dolls that empower children with representations of diversity and inspiration. Overall, Barbie remains a figure of contention, serving as a catalyst for essential conversations between parents and children about gender identity, body image, and societal expectations.
Passport offices overflowing with Gujaratis attempting to fix traditional 'suffixes' in their names
Officials at the RPO acknowledged that this linguistic practice stems from the region's speech patterns. However, it becomes problematic when the suffixes vary across the documents required for passports and visas. Wren Mishra, from RPO Gujarat, disclosed that they receive approximately 4,000 daily applications, of which around 1,000 pertain to name changes, alterations in birthplace, or adjustments in birth dates. Of these, approximately 800 requests involve the addition or removal of suffixes like 'ben,' 'bhai,' and 'Kumar.'
Government adds 43 new partners to implement SAMARTH, 5% higher support
In a statement issued Tuesday, the textiles ministry said that 43 new implementing partners have been empanelled under under the scheme with an additional training target of 75,000 beneficiaries and 5% increment in support to implementing partners.
Unveiling the Enigma: Chinese dish 'Suodui' challenges culinary norms with pebbles as the main ingredient
While "Suodui" is not a commonly consumed dish in China, it has gained immense popularity on Chinese social media platforms such as XiaoHongShu and Weibo, often likened to the Chinese versions of Instagram and Twitter. Social media feeds are flooded with videos and posts showcasing vendors frying pebbles with oil, spices, sauce, peppers, and other ingredients, resulting in astonishing creations. Surprisingly, this unique culinary experience comes at an affordable price of approximately $2 or 14 Chinese Yuan (Rs 170).
How lending-first approach can redefine SME financing
Fintechs have revolutionised the lending process for small and medium-sized enterprises (SMEs). By leveraging technology, these companies are able to offer simple, easy to use services and highly competitive interest rates
Foreign Trade Policy 2023 unveiled, govt breaks tradition of target year
Unveiling the much-awaited Foreign Trade Policy, Commerce Ministry on Friday broke the tradition of a policy lasting for five years and will instead focus on 'long term'. There is no end date to the policy and will be updated as and when necessary, the ministry said. Further, Faridabad, Moradabad, Mirzapur and Varanasi have been declared as towns of export excellence.
Beyond the norms: India's rising wealth and the emergence of PMS and AIF
As a rule of thumb, those interested in PMS should have an overall financial portfolio size of at least Rs 2-2.5 crore, while those considering AIFs should have a minimum portfolio size of Rs 5 crore. These investment options can be a valuable addition to the satellite portfolio of any HNI, providing the benefits of diversification and potentially higher returns
Exclusive: Dunzo likely to raise $100 million via convertible notes; data localisation norms hit roadblock
Over the past six months, convertible notes have emerged as a lifeline for many highly valued, growth-stage startups which were unsuccessful in raising funds through the traditional equity route. Today, we are reporting that Reliance-backed delivery startup Dunzo is likely to join the likes of B2B e-commerce company Udaan and epharmacy platform PharmEasy in tapping the convertible note route to shore up fresh funds. This and more in today’s packed edition of the ETtech Morning Dispatch.
Sebi tightens disclosure norms for IPOs
The Securities and Exchange Board of India said after a meeting of its board that companies would have to disclose key performance indicators, details of pricing of shares based on past transactions and past fund raising from its investors.
Govt gives nod for WHO global centre for traditional medicine in Gujarat
The WHO GCTM will be established under the Ministry of AYUSH.
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