Category Archives: policy

Something fishy about fried shark served in Indonesia’s free meals programme?

Over 6,000 students have reportedly come down with food poisoning since the launch of the nutritious lunch scheme in January. This initiative aims to cover more than 80 million children, pregnant women, and breastfeeding mothers by next year.

The cause of the food poisoning has been traced to contaminated fried tofu, chicken in soy sauce, and several fruit and vegetable dishes. However, administrators at a school in Ketapang attributed the outbreak to a dish of shark fillet with tomato sauce on the menu.

Critics have questioned the choice of shark meat, citing concerns over its potentially high mercury content and its suitability for feeding children. In response, authorities have issued a rebuttal.

Indonesia’s National Nutrition Agency Deputy Head, Nanik Deyang, explained that shark meat is a traditional part of the diet in that region, justifying its inclusion in the school meals.
https://www.scmp.com/week-asia/health-environment/article/3327576/fried-shark-served-indonesias-free-meals-programme-comes-biting-criticism?utm_source=rss_feed

RBI raises IPO financing limit to ₹25L per investor

**RBI Raises IPO Financing Limit to ₹25 Lakh Per Investor**

*By Akash Pandey | Oct 01, 2025, 05:12 PM*

**Overview**

The Reserve Bank of India (RBI) has announced a significant increase in the financing limit for Initial Public Offerings (IPOs), raising it from ₹10 lakh to ₹25 lakh per investor. This decision aims to improve credit flow in the economy and was revealed by RBI Governor Sanjay Malhotra following a three-day meeting of the monetary policy committee.

**Key Regulatory Changes**

Alongside the hike in IPO financing limits, the RBI is set to remove the regulatory cap on lending against listed debt securities. In addition, the loan limit against shares has been raised substantially—from ₹20 lakh to ₹1 crore per person.

These measures form part of RBI’s wider strategy to enhance credit availability across the Indian economy.

**Expansion of Banking Lending Scope**

In a major policy shift, Indian banks are now permitted to finance mergers and acquisitions (M&A) among domestic companies. This structural change is anticipated to bolster the banking sector by diverting deal financing from private credit players to formal banking channels.

**Industry Response and Policy Alignment**

Experts have welcomed the RBI’s measures aimed at boosting credit flow. Chanchal Agarwal, Chief Investment Officer at Equirus Family Office, highlighted that these reforms will help banks regain credit flows previously moving towards structured credit products.

Furthermore, the RBI’s policy focuses on broadening credit intermediation, especially by enabling Urban Cooperative Banks to expand their services. This aligns with the government’s “Viksit Bharat” agenda, which emphasizes improving credit access and deepening India’s financial ecosystem.

**Economic Projections**

The RBI has revised upward its GDP growth forecast for the current fiscal year from 6.5% to 6.8%, while lowering its Consumer Price Index (CPI) inflation estimate from 3.1% to 2.6%.

Murthy Nagarajan, Head of Fixed Income at Tata Asset Management, noted that these adjustments may create room for potential rate cuts in upcoming monetary policy meetings. The repo rate remains unchanged for now, as broadly expected.

**Promoting the International Use of the Indian Rupee**

In efforts to enhance the global footprint of the Indian rupee (INR), the RBI has proposed measures to allow authorized Indian banks to offer rupee-denominated loans to non-residents in Bhutan, Nepal, and Sri Lanka for cross-border trade transactions.

Governor Malhotra stated that the RBI has made steady progress toward this goal, with the current proposals serving as critical steps in that direction.

**Conclusion**

The RBI’s recent policy measures—including raising IPO financing limits, expanding lending scopes, and promoting the rupee’s internationalization—are designed to stimulate credit flow, support economic growth, and strengthen India’s financial system. Market participants and experts alike view these steps as positive developments for India’s evolving economic landscape.
https://www.newsbytesapp.com/news/business/rbi-enhances-ipo-financing-limit-improving-credit-flow/story

RBI proposes risk-based deposit insurance premium structure for banks

**RBI Proposes Risk-Based Deposit Insurance Premium Structure for Banks**
*By Akash Pandey | Oct 01, 2025, 04:54 PM*

The Reserve Bank of India (RBI) has proposed a significant change to the deposit insurance premium structure for banks, shifting from the current flat-rate system to a risk-based model. This move aims to align India’s banking practices with international standards and promote stronger risk management within the sector.

**Current Premium Structure and Proposed Changes**
At present, all banks pay a uniform premium of 12 paise per ₹100 of deposits to the Deposit Insurance and Credit Guarantee Corporation (DICGC), irrespective of their financial health or risk profile. Under the new proposal, this flat rate would act as a ceiling, ensuring that no bank pays more than the current premium.

However, banks with stronger balance sheets and healthier financial indicators could benefit by paying lower premiums. This approach rewards sound financial management and incentivizes banks to maintain robust risk profiles.

**Linking Premiums to Financial Health**
The proposed risk-based premium structure will factor in critical indicators such as capital adequacy, asset quality, and governance standards. RBI Governor Sanjay Malhotra emphasized that this framework is designed to encourage sound risk management practices and increase accountability among banks.

By tying premiums to financial health, the RBI expects to foster greater market discipline and reduce the systemic risks posed by weaker banks.

**No Change in Insurance Coverage Limit**
It is important to note that this proposal does not affect the existing deposit insurance coverage. Depositors continue to enjoy protection up to ₹5 lakh per depositor, per bank— a limit that was raised from ₹1 lakh in 2020 following several bank failures that undermined depositor confidence.

The coverage includes both principal and accrued interest.

**Context of Wider Banking Sector Reforms**
The RBI’s premium restructuring is part of broader reforms aimed at strengthening India’s banking sector resilience. These reforms include implementing expected credit loss provisioning, introducing Basel III capital norms starting 2027, and enforcing stricter governance requirements under the amended banking laws.

Alongside these regulatory measures, the RBI recently maintained the repo rate unchanged for the second consecutive meeting and signaled a neutral stance on future monetary policy moves.

**Conclusion**
By transitioning to a risk-based deposit insurance premium framework, the RBI is incentivizing healthier banking practices and aligning India’s financial system with global best practices, all while ensuring continued protection for depositors.

*Stay updated with the latest developments in India’s banking sector by following our coverage.*
https://www.newsbytesapp.com/news/business/rbi-to-introduce-risk-based-deposit-insurance-premium/story

Indoor wood burners may be harming your lungs, study warns

Wood-burning stoves have become increasingly popular across Europe in recent years, often promoted as an eco-friendly and renewable alternative to fossil fuels. However, new research suggests that using these stoves inside the home may come at a cost: a decline in lung function.

The study was presented at the European Respiratory Society Congress in Amsterdam by Dr. Laura Horsfall, Principal Research Fellow at University College London’s Institute of Health Informatics. Her team’s findings add to a growing body of evidence that indoor wood burning may be more harmful than many people realize.

In the UK, domestic wood burning now contributes about 20% of harmful fine particle air pollution, known as PM2.5. These particles are tiny—less than 2.5 micrometers across—and can penetrate deep into the lungs. For comparison, road vehicle exhaust now makes up only about 4% of the UK’s PM2.5 emissions.

The shift has been dramatic: annual emissions from wood burning almost doubled between 2009 and 2023, rising from 3,200 to 6,000 metric tons.

“Wood burning at home emits harmful air pollution both indoors and outdoors, including substances we know can cause cancer,” said Dr. Horsfall. Despite this, the number of wood stoves in use has grown rapidly since 2009.

However, we still don’t fully understand the health impacts in high-income countries, where wood stoves tend to be used for lifestyle or aesthetic reasons rather than necessity.

To explore these effects, Horsfall and her colleagues used data from the English Longitudinal Study of Aging, which tracks the health of older adults in England. They focused on a lung function measure called FEV1—the amount of air a person can exhale forcefully in one second. A lower FEV1 is linked to higher risk of conditions such as asthma, COPD, and other respiratory complications.

Studying the health impacts of wood stoves is tricky. People who use solid fuel heating in the UK are often wealthier and healthier than the average population. They smoke less and have lower rates of pre-existing lung disease. This means the negative impact of wood burning could easily be overlooked.

Even after accounting for these factors, the researchers found that people who reported using wood or other solid fuels experienced a faster decline in lung function over an eight-year period compared to non-users.

“Our study suggests that high levels of particulate matter from stoves damage respiratory tissues and trigger inflammation in much the same way as cigarette smoke,” Dr. Horsfall explained.

The team now plans to study whether people living in neighborhoods with a high concentration of stoves—such as affluent areas of London—also experience more prescriptions for inhalers or higher hospital admissions for lung disease.

Professor Ane Johannessen, an environmental health expert at the University of Bergen who was not involved in the study, said the results are significant.

“We already know from studies in low- and middle-income countries that wood smoke exposure inside homes is harmful, causing asthma, COPD, and lung cancer. This research suggests that the same risks could apply in European homes, where stoves are used for lifestyle reasons.”

Although modern eco-design stoves are marketed as cleaner than older models, the study authors stress that even newer stoves may not be risk-free.

Johannessen urged both the public and doctors to take the risks seriously. “Doctors should be asking patients about stove use when investigating unexplained lung problems. And families should be aware that these stoves could be harming their health.”

The findings highlight a pressing need for clearer public health guidance and regulation. While wood stoves may be cozy and marketed as eco-friendly, they may also be silently damaging the lungs of those who use them most.
https://knowridge.com/2025/10/indoor-wood-burners-may-be-harming-your-lungs-study-warns/

India’s first deep-sea mineral auction indefinitely postponed: Here’s why

**India’s First Deep-Sea Mineral Auction Indefinitely Postponed: Here’s Why**

*By Mudit Dube | Sep 29, 2025, 05:20 PM*

India’s inaugural auction of deep-sea mineral blocks, rich in critical minerals, has been indefinitely postponed. According to government officials who spoke to Moneycontrol, the decision comes following a lukewarm response from potential bidders.

### Initial Launch and Auction Blocks

The auction was launched in November, offering 13 mineral blocks for bidding. These included three lime mud blocks, three construction sand blocks, and seven polymetallic nodule blocks. These blocks are spread across a vast region from the Arabian Sea in the west to the Andaman Sea in the east.

### Multiple Deadline Extensions and Postponement

Initially, the bidding deadline was set for February 27, but it was extended multiple times—to April 2, May 1, and then August 22. Despite these extensions, the auction did not take place on August 22 as planned. An official confirmed to Moneycontrol that the government decided to postpone the auction to encourage broader participation. A new date for the event is yet to be announced.

### Importance of Mineral Deposits

The blocks on offer are rich in critical minerals such as cobalt, copper, manganese, and nickel. These minerals are essential for manufacturing electric vehicles (EVs), defense equipment, and renewable energy technologies—industries that are crucial for India’s strategic growth and technological advancement.

### Environmental Concerns and Local Opposition

Despite the strategic significance, the auction has met with resistance from political parties in Kerala and local fishing communities, who have raised concerns about the environmental risks linked to undersea mineral exploration.

### Technological Challenges

Experts highlight that technology poses a significant challenge for India’s deep-sea mineral exploration. Arvind Virmani, a member of NITI Aayog, noted at the India Mining Summit on September 18, “Basically, the entire supply chain, including technology, has become concentrated. Now the whole world is scrambling to create new technologies.”

### Strategic Context: Reducing Dependence on China

China dominates the production of critical minerals, including rare earth elements utilized in electronics, EV batteries, and defense sectors. This dominance has global implications, especially following Beijing’s export restrictions on certain essential minerals.

In response, India launched the National Critical Mineral Mission earlier this year in January. The initiative aims to boost domestic exploration, enhance processing capabilities, and promote recycling of critical minerals to reduce reliance on imports and improve supply chain resilience.

India’s postponement of the deep-sea mineral auction underscores the complexities involved—from technological hurdles and environmental concerns to the need for wider stakeholder participation. The government’s strategic focus remains on harnessing critical mineral resources essential for the country’s future, while balancing ecological and socio-economic factors.
https://www.newsbytesapp.com/news/business/india-s-first-deep-sea-mineral-auction-postponed-amid-poor-response/story

India’s first deep-sea mineral auction indefinitely postponed: Here’s why

**India’s First Deep-Sea Mineral Auction Indefinitely Postponed: Here’s Why**

*By Mudit Dube | Sep 29, 2025, 05:20 PM*

India’s maiden auction of deep-sea mineral blocks, which are rich in critical minerals, has been indefinitely postponed. The decision follows a lukewarm response from potential bidders, according to government officials who spoke to Moneycontrol.

### Initial Auction and Response

The auction was launched in November, offering 13 mineral blocks, which included three lime mud blocks, three construction sand blocks, and seven polymetallic nodule blocks. As this was India’s first attempt at such an auction, some companies submitted numerous queries, highlighting the novelty and complexity of deep-sea mineral exploration.

### Schedule Changes and Extensions

Originally, the bidding deadline was set for February 27. However, the deadline was extended multiple times—to April 2, May 1, and then August 22. Despite these extensions, the auction did not take place on August 22 as planned. A government official confirmed that the postponement aims to attract wider participation in the auction. Currently, a new date for the event has yet to be finalized.

### Strategic Importance of the Mineral Deposits

The auctioned mineral blocks cover a vast area stretching from the Arabian Sea in the west to the Andaman Sea in the east. These blocks are rich in critical minerals such as cobalt, copper, manganese, and nickel. Such resources are essential components for electric vehicles (EVs), defense equipment, and renewable energy technologies.

### Environmental and Local Concerns

Despite the strategic importance, political parties in Kerala and local fishing communities have voiced concerns regarding the environmental risks of undersea mineral exploration. These apprehensions have added complexity to the auction process.

### Technological Challenges

Experts have highlighted technology as the biggest hurdle in India’s deep-sea mineral exploration efforts. Arvind Virmani, a member of NITI Aayog, noted during the India Mining Summit on September 18 that the entire global supply chain, including technology, is highly concentrated, with countries worldwide racing to develop new technologies to access these resources.

### Addressing China’s Dominance

China remains the world’s largest producer of critical minerals, including rare earth elements vital for electronics, EV batteries, and defense systems. Beijing’s export restrictions on certain critical minerals have raised global concerns over supply security.

In response, India launched the National Critical Mineral Mission in January. This strategic initiative aims to boost exploration activities, enhance domestic processing capabilities, and promote recycling of critical minerals to reduce dependency on imports and strengthen India’s position in the global supply chain.

India’s deep-sea mineral auction marks an important step towards securing essential resources for future technologies. However, challenges related to bidder participation, technology, and environmental concerns must be addressed to move forward successfully.
https://www.newsbytesapp.com/news/business/india-s-first-deep-sea-mineral-auction-postponed-amid-poor-response/story

India’s first deep-sea mineral auction indefinitely postponed: Here’s why

**India’s First Deep-Sea Mineral Auction Indefinitely Postponed: Here’s Why**

*By Mudit Dube | Sep 29, 2025, 05:20 PM*

India’s inaugural auction of deep-sea mineral blocks, rich in critical minerals, has been indefinitely postponed due to a lackluster response from potential bidders, government officials informed Moneycontrol.

### Background of the Auction

Launched in November last year, the auction featured 13 mineral blocks. These included three lime mud blocks, three construction sand blocks, and seven polymetallic nodule blocks. These blocks are located from the Arabian Sea in the west to the Andaman Sea in the east and are abundant in valuable minerals such as cobalt, copper, manganese, and nickel — all crucial for electric vehicles (EVs), defense equipment, and renewable energy technologies.

### Schedule Changes and Extensions

The original bidding deadline was set for February 27 but was extended multiple times — first to April 2, then May 1, and later August 22. However, as confirmed by an official, the auction did not take place on August 22 as initially planned.

Officials cited the need for broader participation in the auction process as the main reason behind the indefinite postponement. They also mentioned that some companies submitted several inquiries due to the novelty of this auction format. Currently, no new date has been finalized for the auction.

### Environmental and Political Concerns

Despite the strategic importance of these mineral resources, there has been opposition from certain quarters. Political parties in Kerala and local fishing communities have raised concerns about the potential environmental risks associated with undersea mineral exploration.

### Technological Challenges in Deep-Sea Exploration

Experts acknowledge that technology remains the biggest hurdle for India’s deep-sea mineral mining ambitions. At the India Mining Summit held on September 18, Arvind Virmani, a member of NITI Aayog, highlighted the challenge: “Basically, the entire supply chain, including technology, has become concentrated. Now the whole world is scrambling to create new technologies.”

### Strategic Importance Amid Global Supply Chain Dynamics

China dominates global production of critical minerals, including rare earth elements vital for electronics, EV batteries, and defense. Its export restrictions have heightened concerns worldwide about supply security.

In response, India launched the National Critical Mineral Mission in January to enhance domestic exploration, improve processing capabilities, and promote recycling of these key minerals to reduce dependency on imports.

India’s postponement of its first deep-sea mineral auction underscores the complexities involved—from technological and environmental challenges to geopolitical considerations—in securing critical resources essential for the country’s green and defense initiatives. The government continues to work towards creating a conducive environment for wider participation and successful execution of this strategic auction in the near future.
https://www.newsbytesapp.com/news/business/india-s-first-deep-sea-mineral-auction-postponed-amid-poor-response/story

Eleven-Year-Old Disarms Potential School Shooter, Gets Expelled for It [WATCH]

An 11-year-old student in Michigan has been expelled from school after disarming a classmate who brought a loaded gun into a school bathroom. This incident has raised questions about how zero-tolerance policies are being applied in school districts.

The event took place earlier this month in the Lansing School District. According to reports, the boy witnessed another student displaying a firearm in the bathroom. Acting quickly, the 11-year-old lunged toward the classmate and successfully removed the gun before it could be used. Fortunately, no shots were fired, and no injuries were reported.

Despite preventing what could have been a tragedy, the district confirmed that the student who intervened would face disciplinary action, including expulsion, under its zero-tolerance policy. District officials explained that the rules make no distinction between possessing a firearm and physically handling one, regardless of the circumstances.

The Lansing School District issued a brief statement, noting that all incidents involving weapons are reviewed under the same framework. “We are committed to maintaining a safe and secure learning environment for all students. Our policies are applied evenly in accordance with state law and district guidelines,” the district said.

Parents and community members have voiced frustration at the decision, saying the boy should have been recognized for his quick actions rather than punished. Several local residents told reporters they were shocked that a student who acted to protect others from harm is now being treated as if he posed the same threat as the classmate who brought the weapon to school.

Education experts note that many districts nationwide maintain strict zero-tolerance policies that leave little room for discretion by administrators. These policies were widely adopted in the 1990s in response to increasing concerns about school safety and firearm-related incidents on campuses.

However, critics argue that such policies can lead to disproportionate or unreasonable outcomes, as seen in this case.

Law enforcement officials in Lansing confirmed they are investigating how the classmate obtained the firearm and whether charges will be filed against the student or their parents. Police said the gun was loaded at the time it was brought onto school grounds. Authorities described the 11-year-old’s disarming of the weapon as preventing a potentially very dangerous situation.

The boy’s family has not made public comments beyond confirming the disciplinary action.

Advocacy groups are already calling for the district to reconsider its decision, arguing that punishing a student for preventing violence undermines efforts to encourage responsibility and courage among young people.

Legal analysts suggest that the case may draw wider attention to whether school districts should reevaluate blanket zero-tolerance policies that equate self-defense or protective actions with violations of firearms rules. “These policies were designed to keep weapons out of schools,” one education law expert said, “but when a student prevents harm by intervening, the policies may conflict with common sense and fairness.”

The Lansing School District has not indicated whether the expulsion could be reversed upon appeal. Meanwhile, the boy remains out of school while his family considers its options.

This case has fueled ongoing debate about how schools balance safety, discipline, and student decision-making in emergencies. While officials maintain that uniform enforcement of the rules is essential, critics argue that failing to recognize individual circumstances risks discouraging students from acting to protect themselves or others in dangerous situations.

For now, the 11-year-old student who disarmed a classmate will not be returning to class, even as many in the community describe his actions as heroic.
https://www.lifezette.com/2025/09/eleven-year-old-disarms-potential-school-shooter-gets-expelled-for-it-watch/

Koonin providing clarity on climate?

Posted on 22 September 2025 by Ken Rice

This is a re-post from And Then There’s Physics.

It seems that the US Department of Energy has now disbanded the Climate Working Group that drafted the report I discussed in a previous post. However, about a week ago, Steven Koonin, one of the authors of that report, had an article in the Wall Street Journal titled *At Long Last, Clarity on Climate*.

Clarity is a bit of a stretch. Personally, I think the article more muddied the waters than brought clarity.

A general point that I didn’t really make in my previous post (and which was just highlighted in a comment) is that the report is explicitly focused on the US. The richest country in the world is probably more resilient than most others and could well decide that it’s better to deal with the impacts of climate change than to commit too much now to avoiding them.

I happen to disagree with this viewpoint. It seems to ignore how the US has benefitted from something that will negatively impact others. It also overlooks the fact that countries can’t really exist in isolation and that there are potentially outcomes even a wealthy country will struggle to manage.

However, I can see how some might conclude this — though it would be good if the report were much more explicit in this regard.

What I thought I would do here is try to address some of the claims and conclusions made in Steven Koonin’s article.

There’s an element of “truthiness” to the article; some claims may be true but don’t really support the argument being made.

For example, Koonin says:

> “While global sea levels have risen about 8 inches since 1900, aggregate U.S. tide-gauge data don’t show the long-term acceleration expected from a warming globe.”

It’s true that U.S. tide-gauges may not show the expected long-term acceleration, but the rate of *global* sea level rise is indeed accelerating.

Similarly, he states:

> “Data aggregated over the continental U.S. show no significant long-term trends in most extreme weather events. Claims of more frequent or intense hurricanes, tornadoes, floods and dryness in America aren’t supported by historical records.”

Some of these statements (such as “no long-term trends” or “historical records”) may indeed be technically true. However, there are numerous studies that have shown climate change has affected extreme events in North America. You can find many examples in this Carbon Brief article, which maps how climate change affects extreme weather around the world.

He also claims:

> “Natural climate variability, data limitations and model deficiencies complicate efforts to attribute specific climate changes or extreme events to human CO₂ emissions.”

I suspect these factors do complicate efforts — but so what? Complexity doesn’t mean that studies haven’t been done demonstrating that human CO₂ emissions are driving climate change and influencing extreme events.

I’ll end this part with a comment about what he says regarding climate models:

> “Complex climate models provide limited guidance on the climate’s response to rising carbon-dioxide levels. Overly sensitive models, often using extreme scenarios, have exaggerated future warming projections and consequences.”

There is indeed a “hot model problem,” but there are ways to account for this, and climate models have generally been skillful.

Also, climate models typically make projections or conditional predictions because emission pathways are inputs to the models. The results tell us what might happen if we follow a particular emissions pathway. These pathways range from ones where emissions are soon reduced to ones where emissions continue increasing.

To suggest that climate models have exaggerated future warming projections when emissions pathways are inputs seems confused.

I’m not writing this to try to change the minds of those who think the DOE climate report was excellent or who believe that the authors are some of the best scientists in the field. That would be silly and naive.

I’m partly writing this because it’s a rainy Saturday afternoon and the topic interests me. However, another reason is that I think it’s important to consider why people with relevant expertise can write something that seems intellectually weak and sloppy but present it as if it were a careful piece of work that has provided clarity.

It would be easy to conclude that it’s simply dishonesty, but I’m not convinced it’s quite that simple or convenient. I wouldn’t be surprised if the authors actually believe they have written a good report and that what they’ve presented does provide clarity.

So, how do we have serious discussions about complex topics when people regarded as experts can’t even agree on some scientific fundamentals or the significance of what the scientific evidence suggests?

I certainly don’t know the answer, but I do think it’s something worth thinking about.
https://skepticalscience.com/koonin-providing-clarity.html