Shiela: Thanks :)
For years now, Jennifer Willis has been collecting refundable containers and sending the money to Tanzania.
At 10 cents each they add up, especially given she has a small army of collectors helping turn household waste into money that buys food for Maasai school children.
But the retired teacher has also spent years in a state of mild bewilderment over the rules that dictate what's covered by Queensland's container deposit scheme and what isn't.
Take milk, for example.
Flavoured milk containers are in but only if they hold less than a litre.
Plain, unflavoured milk containers are firmly out, regardless of size.
It's the same for containers that have held pure fruit or vegetable juice but you can get 10 cents for popper-style box drinks that contain fruit.
Then there's the minefield of alcoholic drinks.
Beer stubbies are an excellent earner for the Mealtime for Maasai Students project.
But wine bottles are out, even those that have held non-alcoholic wine. It's a no for glass spirit bottles too.
However alcopops and wine coolers, which are based on wine and spirits, are in. Go figure.
Other state and territory-run deposit schemes are broadly similar, with equally paradoxical rules that leave people like Ms Willis scratching their heads.
How did these strange rules come about and why are some containers locked out of deposit schemes amid the shift to a circular economy focused on reuse and minimising waste?
To understand that it's necessary to take a trip down memory lane says Vaughan Levitzke, who worked on South Australia's trailblazing scheme.
It began in 1977 and served as a template for all the schemes that have followed but it was, first and foremost, about litter reduction not resource recovery.
The beverage industry had started to churn out smaller, often single-serve drinks containers for a society that was increasingly on the move. The result was
06.11.2022
Kennethimmix: Проект стоимостью 8 миллиардов долларов по превращению закрытого берлинского аэропорта в новый экого...
06.11.2022
Lettie: Thx :)
BANDAR SERI BEGAWAN, Oct 6 (Reuters) - Ministers of the Association of Southeast Asian Nations (ASEAN) are discussing not inviting junta leader Min Aung Hlaing to an upcoming leaders' summit, the grouping's special envoy to the country said on Wednesday.
The envoy, Erywan Yusof, Brunei's second foreign affairs minister, told a news conference that Myanmar's junta had not made progress on an ASEAN peace roadmap.
He added that the junta had not directly responded to his requests to meet detained former leader Aung San Suu Kyi, whose government the military overthrew in February. (Reporting by Ain Bandial; Writing by Martin Petty)
06.11.2022
Lettie: Thx :)
BANDAR SERI BEGAWAN, Oct 6 (Reuters) - Ministers of the Association of Southeast Asian Nations (ASEAN) are discussing not inviting junta leader Min Aung Hlaing to an upcoming leaders' summit, the grouping's special envoy to the country said on Wednesday.
The envoy, Erywan Yusof, Brunei's second foreign affairs minister, told a news conference that Myanmar's junta had not made progress on an ASEAN peace roadmap.
He added that the junta had not directly responded to his requests to meet detained former leader Aung San Suu Kyi, whose government the military overthrew in February. (Reporting by Ain Bandial; Writing by Martin Petty)
06.11.2022
Darrin: Thx :)
By Ira Dugal
MUMBAI, Nov 3 (Reuters) - Kotak Mahindra Bank Ltd , India's fourth-largest private lender, sees tepid demand for corporate credit even though conditions to lend to companies have improved, a top company executive told Reuters in an interview.
The credit environment has never looked better, KVS Manian, group president in charge of wholesale banking, institutional & investment banking and wealth management business at Kotak Mahindra Bank, said on Wednesday. But demand from corporate borrowers is still not very strong, he said.
Indian corporations have deleveraged their balance sheets significantly over the past few years by raising equity and refinancing high-cost debt. This has opened opportunities for banks, which have seen growth coming mostly from retail lending in recent years.
Bank credit rose 19% year-over-year during the fortnight ending Oct. 20, according to Reserve Bank of India data.
Sector-wise data available until September shows that credit to industries rose 12.6% year-on-year, with small- and mid-sized corporates recording stronger growth.
"We are seeing opportunities in sectors like cement, steel, renewable energy, roads, and chemicals. In these five sectors, there is some capacity creation and therefore credit demand," said Manian.
"We are yet to see secular increase in demand for credit across sectors."
Lending to small-and-medium-sized businesses, though, has risen, aided by the government's emergency credit guarantee scheme launched during the COVID-19 crisis, which helped stabilize the sector.
Kotak Mahindra Bank loaned 140 billion rupees ($1.69 billion) under this scheme, with low defaults.
MISPRICING RISK
Banks in India are required to lend a certain percentage of their overall advances to priority sectors such as agriculture and small businesses.
But, Manian warned that corporate loans could be mispriced as a large number of banks chase
05.11.2022