Social spending must have better rationale

We spend a lot on welfare. According to recent Treasury figures, of the $92.2 billion the Government spends, $50.5 billion flows into welfare, health and education. This spending does not necessarily translate into transformed lives. In what I have heard, wryly described as ‘trickle-down social policy,’ because sometimes, our most vulnerable do not actually get the help they desperately need.…

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Lifting business confidence brightens outlook

Construction activity continues to stand out with continued gains across both residential and non-residential construction. An increase in major construction projects is a good sign as businesses begin to feel more confident about committing to large-scale projects. Positive construction activity is flowing through to firm demand in other areas as employment opportunities continue to pull new workers to the region.…

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Education provider to launch new programmes

A leading Private Training Establishment (PTE) and educational institution is to launch new programmes in Early Childhood Education and Care later this month. New Zealand School of Education (NZSE) is introducing the National Certificate in Early Childhood Education and Care Level 3 at the end of October 2014 and Level 5 in February 2015. Managing Director Brijesh Sethi said that…

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Bank of India at a Glance

Amount in Millions of USD 31.3.2014 31.3.2013 Global Deposits 79608.00 70340.00 Global Advances 62794.00 53968.00 Operating Profit 1406.00 1374.00 Net Profit 455.52 506.47 Capital Adequacy Ratio (Basel I) —– 11.35% Capital Adequacy Ratio (Basel II) 11.02% 10.76% Capital Adequacy Ratio (Basel III) 9.97% —– Market Capitalisation $ 4135.20 $ 3007 Number of Indian Branches/Extension Counters 4646 4292 Number of Foreign…

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