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Justice Department, Federal and State Partners Secure Record $7 Billion Global Settlement with Citigroup for Misleading Investors About Securities Containing Toxic Mortgages

The Justice Department, along with federal and state partners, today announced a $7 billion settlement with Citigroup Inc. to resolve federal and state civil claims related to Citigroup’s conduct in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) prior to Jan. 1, 2009



  • OPA Press Releases

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Justice Department and State Partners Secure $1.375 Billion Settlement with S&P for Defrauding Investors in the Lead Up to the Financial Crisis

Attorney General Eric Holder announced today that the Department of Justice and 19 states and the District of Columbia have entered into a $1.375 billion settlement agreement with the rating agency Standard &s Financial Services LLC, along with its parent corporation McGraw Hill Financial Inc., to resolve allegations that S&s 2013 lawsuit against S& true credit risks. Other allegations assert that S&s business relationships with the investment banks that issued the securities.



  • OPA Press Releases

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As COVID-19 Pandemic Continues, Promotion of Unapproved “Cures” Abounds

May 4, 2020 – An important part of protecting the public health during the COVID-19 pandemic is making sure that the marketing of treatments or remedies that are not approved by the Food and Drug Administration (FDA) to treat the virus is stopped before consumers waste their money or potentially are harmed by these products. […]




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Traditional Chinese cures battle for acceptance in COVID-19 fight




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Tesla secures $565m loan from Chinese bank for Shanghai plant




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Yokogawa Obtains ISASecure SDLA Certification for Control System Development Process

Yokogawa Electric Corporation (TOKYO: 6841) announces that its control system development organization has obtained ISASecure Security Development Lifecycle Assurance (SDLA) certification from the ISA Security Compliance Institute (ISCI) .







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Vettel secures pole position ahead of Hamilton

Sebastian Vettel took pole position for the United States Grand Prix after edging out Lewis Hamilton for pole position by 0.109s. His title rival Fernando Alonso will start eighth on the grid




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Vettel secures third title in epic season finale

Sebastian Vettel clinched his third successive drivers' championship after an utterly absorbing final race in Brazil




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Development Aid and Procurement: The Case for Reform


INTRODUCTION

If you are one of those government officials, finance experts, development professionals or NGO members whose eyes glaze over when you see an article on procurement, you are the audience I want to address. Procurement is the purchase of works, goods and services by individuals or firms, or government entities in the case of public procurement. We all make procurement decisions in our everyday lives. We pride ourselves on making good decisions and being able to apply discretion and judgment. Now imagine if you were improving your home and were constrained by pages and pages of legal and technical regulations that take away that discretion. You would soon question whether those regulations were relevant and whether they provide any value or simply delayed and jeopardized good decision-making. Worse yet, imagine if you had to follow rules that someone else outside your family, your community or your country set for you. While public procurement requires a higher standard of governance than personal procurement, developing countries and other stakeholders are raising these questions regarding the policies set by multilateral aid institutions.

In November 2013, the World Bank released the report of its first stage efforts in reforming its procurement policy as it relates to the projects it finances. As the World Bank enters the second stage in designing the actual reforms, the “development community” faces a crucial moment and opportunity to refine and reform a fundamental instrument in the development toolbox—one that has been treated for too long as a “plumbing and wiring” issue that ignores the broader public policy implications and the growing burden of conflicting objectives, regulations, incentives and political polemics. The purpose of this paper is to examine concerns regarding reform of multilateral agencies’ public procurement policies, enhance awareness of what is at stake and lay the groundwork for the reform discussions at development institutions that will take place over the next year.

I should alert you, however, that I am neither a procurement specialist, nor am I a lawyer or an engineer. I would describe myself as a development practitioner. After decades of working on infrastructure projects and on multilateral operational policy, I have maintained a deep respect for my procurement colleagues who have protected my proverbial “backside.” One quickly learns in this business that a mistake in procurement can result in serious consequences as one sits in the middle of the converging, and often conflicting, interests of governments, donors, private sector and, of course, affected communities. The procurement policies applied by the multilateral finance institutions have been responsible for enhancing competition, deepening transparency and raising the integrity of investment in developing countries, as well as opening markets for developed and developing countries’ businesses. As the world of public procurement has evolved, however, one also learns that procurement is becoming more than just getting the “plumbing and wiring” right. Indeed, the role and application of public procurement policies and practices is an essential element of design and implementation with crucial consequences for the quality of outcomes. The case set forth in this paper lays out the factors driving the need for major reform of multilateral banks’ procurement policies—rather than simply adapting existing policies. This paper also presents the major challenges to be addressed in designing the reforms and the tensions to be resolved or balanced as the World Bank enters the more detailed design stage of its reform effort.

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The SECURE Act: a good start but far more is needed

In December, while public attention focused on impeachment, the most extensive retirement legislation in more than a decade was passed and signed into law. Spearheaded by House Ways and Means Chairman Richard Neal (D-MA), the SECURE Act of 2019 was three years in the making and designed to raise the level and security of retirement…

       




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Towards a more just, secure, and peaceful world: Lessons from Albright and Axworthy

At the second annual Madeleine K. Albright Lecture on Global Justice, Lloyd Axworthy—a former foreign minister of Canada—unpacked complex and interconnected issues related to the Responsibility to Protect and the role of democratic institutions in assuring peace.

      
 
 




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The SECURE Act: a good start but far more is needed

In December, while public attention focused on impeachment, the most extensive retirement legislation in more than a decade was passed and signed into law. Spearheaded by House Ways and Means Chairman Richard Neal (D-MA), the SECURE Act of 2019 was three years in the making and designed to raise the level and security of retirement…

       




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Towards a more just, secure, and peaceful world: Lessons from Albright and Axworthy

At the second annual Madeleine K. Albright Lecture on Global Justice, Lloyd Axworthy—a former foreign minister of Canada—unpacked complex and interconnected issues related to the Responsibility to Protect and the role of democratic institutions in assuring peace.

      
 
 




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Rethinking Incentives to Save for a Secure Retirement


Event Information

September 9, 2011
11:00 AM - 12:00 PM EDT

Room 216
Hart Senate Office Building
Constitution Avenue and 2nd Street, NE
Washington, DC

Register for the Event

Americans — especially low- and middle-income workers — are simply not saving enough for retirement. The current retirement income deficit—the gap between what Americans will need in retirement and what they will actually have—is well over $6 trillion. This gap will be insurmountable without a significant change to current tax policy to help incentivize more Americans to save for their own retirement.

On September 9, the Retirement Security Project at Brookings hosted a briefing in collaboration with the Senate Special Committee on Aging to examine new ways to help Americans save for retirement without increasing government spending. A panel of experts on tax, retirement and budget policy explored ideas to modify the tax incentives for retirement savings.

After the panel, participants took audience questions.

Audio

Transcript

Event Materials

     
 
 




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Can Traffic Congestion Be Cured?

The Bush Administration recently launched a new "National Strategy to Reduce Congestion on America's Transportation Network." This new policy deals with both air and ground travel, but focuses mainly on highway traffic congestion. But does this strategy show an understanding of what really causes traffic congestion and what might be done effectively in response?According to…

       




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Secure power: Gigawatts, geopolitics, and China’s energy internet

Executive summary The importance of China’s electrical grid is growing in scale and complexity as it supports economic growth, integration of renewable energy sources, and the geostrategic goals of the Belt and Road Initiative (BRI). China’s planned shift from electricity production largely based on coal-fired generators to a combination of hydropower, wind, solar photovoltaic, and…

       




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Epicures gathered in France for Bug & Wine pairing

For the first time ever, insects took the place of cheese at an upscale gastronomical event.




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The simplest trick cured my chronic insomnia

After decades of increasingly complicated insomnia fixes, this one little thing changed everything.




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How to cure lawn lust in 6 minutes (video)

Addicted to a lush green yard? It’s time to change the paradigm and kick the grass to the curb.




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Food pharmacies are the closest thing to a magical cure-all

When doctors team up with food banks, it improves health and staves off chronic hunger.




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CarbonCure concrete blocks store CO2 for a lower carbon footprint

What to do about all that CO2 emitted when you make cement? Inject it back into the stuff and turn it back into limestone.




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The bike revolution needs safe and secure parking, like Oonee

As scooters and e-bikes proliferate, we need a place to put them.






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Tesla secures $565 million loan for Shanghai factory

Electric carmaker Tesla has entered into an agreement for a working capital loan of up to 4 billion yuan ($565.51 million) with a lender from China for its Shanghai car plant, according to a regulatory filing on Friday.




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Tyson Foods shares fall 8% as production disruptions take a toll on profits, company secures $1.5 billion loan facility

Tyson Foods on Monday reported that its fiscal second-quarter net income fell 15% from a year earlier, as production disruptions weighed on its results.




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Heal the land, secure our future | David Pocock's 2020s vision

Regenerative agriculture can revolutionise the continent. That’s not a pie-in-the-sky utopia, but something we can all bring about

How should we stare down the challenges of a new decade? Where will we find hope and solutions? This is the first piece in a new series in which we ask prominent Australians to write about one thing they think could improve the nation in the 2020s

We need a revolution in Australia. Many can sense that. We’re richer than ever, but when it comes to our environment and the climate we’re in a big hole – and we need to stop digging. We must find new ways of living on this incredible continent we have brought to the brink of climatic and ecological catastrophe. If that sounds bleak, it is. But what if the revolution we need is already taking place; in the space between our ears and the ground beneath our feet?

Related: Farmer wants a revolution: 'How is this not genocide?'

Transitioning to regenerative agriculture isn’t some sort of pie-in-the-sky hoping for a utopia

Will we challenge and transform our thinking, or continue ploughing on towards the cliff edge up ahead?

Related: Look after the soil, save the Earth: farming in Australia's unrelenting climate

David Pocock is a professional rugby union player and co-author of the book In Our Nature with his partner, Emma Pocock

Continue reading...




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HDFC Charity Fund For Cancer Cure - Debt Plan - Regular Option - 50% Dividend Payout Option

Category Income
NAV 10
Repurchase Price
Sale Price
Date 05-May-2020




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HDFC Charity Fund For Cancer Cure - Debt Plan - Regular Option - 100% Dividend Payout Option

Category Income
NAV 10
Repurchase Price
Sale Price
Date 05-May-2020




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HDFC Charity Fund For Cancer Cure - Debt Plan - Direct Option - 50% Dividend Payout Option

Category Income
NAV 10
Repurchase Price
Sale Price
Date 05-May-2020




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HDFC Charity Fund For Cancer Cure - Debt Plan - Direct Option - 100% Dividend Payout Option

Category Income
NAV 10
Repurchase Price
Sale Price
Date 05-May-2020




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HDFC Charity Fund For Cancer Cure - Arbitrage Plan - Regular Option - 50% Dividend Payout Option

Category Income
NAV 10
Repurchase Price
Sale Price
Date 05-May-2020




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HDFC Charity Fund For Cancer Cure - Arbitrage Plan - Regular Option - 100% Dividend Payout Option

Category Income
NAV 10
Repurchase Price
Sale Price
Date 05-May-2020




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HDFC Charity Fund For Cancer Cure - Arbitrage Plan - Direct Option - 50% Dividend Payout Option

Category Income
NAV 10
Repurchase Price
Sale Price
Date 05-May-2020




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HDFC Charity Fund For Cancer Cure - Arbitrage Plan - Direct Option - 100% Dividend Payout Option

Category Income
NAV 10
Repurchase Price
Sale Price
Date 05-May-2020




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Scientific American: As Trump Touts Dangerous Cures, Here's What We Know About COVID-19 Drug Tests

President Trump dangerously suggested injecting disinfectants could help patients sick with the coronavirus, then said he was being "sarcastic." But his remarks led to a spike in calls to helplines about taking disinfectants. We look at "What We Know About the Most Touted Drugs Tested for COVID-19" with Tanya Lewis, associate editor for health and medicine at Scientific American.




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Vote by Mail: Head of Postal Union Says Mailed Ballots Are Best Way to Secure 2020 Election

President Trump calls the U.S. Postal Service "a joke," and as millions face orders to stay home, his attacks on the agency could also threaten efforts to vote by mail, a method Trump has called "a terrible thing." "We're talking now about basic access to the ballot box," says American Postal Workers Union President Mark Dimondstein, who notes "the Post Office is the most trusted federal agency."




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Covid-19 in Madagascar: The president’s controversial ‘miracle cure’

Last month, the president of Madagascar and the country’s Institute for Applied Research launched Covid-Organics (CVO), a drink derived from the artemisia plant they claim can treat and prevent Covid-19. Now other countries in the region are beginning to import the herbal remedy, despite a lack of scientific research to back up its billing as a miracle cure for the coronavirus.  





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Coronavirus: Scam sites selling masks and fake cures taken down

More than 160,000 suspicious emails have been reported to a new scam-busting service in two weeks.




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Russia, Portugal, Spain and Kazakhstan secure Futsal World Cup returns




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Oman hold off Nigeria to secure three crucial points




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Arjun Rampal on being stuck in Karjat with family: Secure as no cases here

Not many can convert life's lemons to lemonades as seamlessly as Arjun Rampal can. Caught in Karjat where he was shooting when the lockdown was announced last month, the actor decided to extend his stay at his lavish home, instead of scurry back to Mumbai.

"I thought it would be better to operate from here instead of travel at this point. I have a house here, so it worked out well," says Rampal, who is accompanied by partner Gabriella Demetriades and their son, Arik.

That Karjat has, so far, remained largely unscathed by COVID-19 was another bonus. "We decided to stay back for my son's safety. While he is too young now, this will be a story to tell him when he grows older. Besides, Mumbai is just a few hours away, and hence, easily accessible in case of an emergency."

Spending two months in the lap of nature has converted him into "a farmer", of sorts, he jokes, adding that his family is making the most of the hiatus. "Since there are no cases here, we are secure. We have an open space and [are enjoying] being amid nature instead of confined to an apartment," says the actor, adding that he is also keeping tabs on his daughters Mahikaa and Myra, who are with ex-wife Mehr in Mumbai. "They are doing their work online, and I am constantly chatting with them."

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news




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Mumbai food: Cure your hangover with these super cocktails in the city

Take a break(fast)
We think this bar loves its guests because they even have a bunch of drinks called Hangover Cures. Vodka, whiskey or rum, whatever your poison, there's a cocktail for you, made with fresh ingredients such as passion fruit, tomato juice, citrus fruits and more, that will help you get going.

Cost Rs. 320 onwards
Time 9 am to 5 pm (only Sundays) at Monkey Bar, 14th and 33rd road junction, Bandra West.
Call 26005215

Fight beer with beer

Try this classic Michelada cocktail, which contains tomato juice for potassium, celery and salt for minerals and the bar's house beer which is low on carbonation. They also add their special taco sauce to make it tastier.

Cost Rs. 450 plus taxes
Time 4 pm to 1 am (Monday to Friday) and 12 pm to 1 am (Saturday and Sunday) at Brewbot, Morya Landmark 1, off New Link Road, Andheri West. Call 39698091

Need a coffee fix?

For several city slickers a cup of coffee equals to the start of the day. But for the morning after boozing, a simple cuppa is not enough. Try D:OH! Spronic, made with espresso and tonic water for a kick-start.

Cost Rs. 199 plus taxes
Time 10 am to 1 am
At All D:OH! outlets
Call 62360451 (Andheri)

Cold pressed wonder

Get the most of every ingredient to cure your hangover with this cold pressed juice made with watermelon, celery, beetroot and lime, aptly called Hangover Cure Juice.

Cost Rs. 190 plus taxes
Time 9 am to 1 am at Jamjar Diner in Versova and Bandra.
Call 26368880

For the smoothie junkie

The Gym Junkie smoothie seems to have it all to combat the morning after blues; toasted muesli to fill you up, bananas with complex carbs, to keep your energy levels high; honey to metabolise the alcohol and yoghurt to stabilise blood sugar, and fight nausea and hunger.

Cost Rs. 330 plus taxes
Time 12 pm to 10 pm at Café At The NCPA, gate no 2, Nariman Point. Call 67230110

Detox to the tea

If you can't do without your morning cuppa, try The Big Break Tea Blend by Tasse de Thé. It comprises organic white bai mudan, French lavender buds and lavender leaves that will detoxify your system.

Cost Rs. 1,025 for 50 grams (serves 48 cups)
log on to tdtworld.com





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Coronavirus outbreak: Three-month-old baby cured of corona in Uttar Pradesh

A three-month-old baby who had tested positive for Coronavirus around two weeks ago, was cured and discharged, along with her along with her mother who had been looking after him, on Sunday from BRD Medical College in Gorakhpur.

The baby happens to be a relative of Basti's first Corona death case.

The mother, 30, had arrived with her son at the BRD Medical College on April 12, and both were tested twice. The mother was found to be negative but the baby was positive.

"The major challenge for the doctors was to save the mother from the infection. The infant was shifted to the isolation ward, where his mother took care of him with all precautions," said BRD college principal Dr. Ganesh Kumar.

He further said: "The baby had no serious complications except fever for which he was initially given paracetamol. He recovered without any medication due to self-immunity boosted by the intake of mother's milk."

The tests conducted on Saturday and Sunday of both, mother and baby, were negative.

The mother-son duo received a standing ovation from Gorakhpur district magistrate Vijyendra Pandiyan, commissioner Jayant Narlirkar, and BRD medical staff for winning the battle against Corona virus.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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Coronavirus outbreak: 1,074 COVID-19 patients cured in last 24 hours, recovery rate rises to 27.52 percent

With 1,074 COVID-19 patients getting cured in the last 24 hours, India's recovery rate has further moved to 27.52 per cent, said the Ministry of Health and Family Welfare on Monday. Talking to media persons here, Lav Agarwal, Joint Secretary, Union Ministry of Health and Family Welfare, said: "A total of 1,074 people have been cured in the last 24 hours. This is the highest number of cured patient in a day. 11,706 people have been cured till to date. The recovery rate is 27.52 percent."

On April 30, 630 COVID-19 patients had recovered in the 24 hours, taking the recovery rate to 25.19 per cent in the country which was 23.3 per cent on April 28.

According to the official data, India has registered 2,553 new COVID-19 cases in the last 24 hours, which have surged the total number to 44,532.

"A total of 2,553 cases have been increased in the last 24 hours which led the total number of cases to 44,532," Agarwal said.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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New start-up in Mumbai offers private, lockable and secure self-storage units


Ameya Davda and Devak Davda at the Sewri facility. Pic/Datta Kumbhar

If there is one problem that most of us perennially face in our daily lives, it is the lack of storage space. But, one man's problem could well be another man's opportunity. Entrepreneurs Ameya Davda and Devak Davda's startup, Space Valet, is a case in point. Their recently launched service aims to be a one-stop storage solution that offers private, lockable and secure self-storage units of various sizes to stash your belongings.

Home away from home
"Think of it as the sophisticated spare closet or stock room you've always longed for in Mumbai," says Davda who along with his cousin Devak came up with this idea when they returned to India after completing their studies abroad. "I was in California and Devak in London, and while we were there, we learnt how popular cell storage is among people. It's a 60-year- old concept and almost a 40-billion dollar industry," he adds. On returning to Mumbai, Davda teamed up with his cousin to launch the startup which they felt would be a good fit in an overcrowded city. They then conducted a survey to find out if people would avail of a service like this. "People are always on the lookout for additional storage space, more so in Mumbai," he says. The top reasons for self-storage rental, he observed, was the lack of storage space at home, temporary storage while moving, and storing things people don't want or need. The most popular things being stored are wedding outfits and furniture.


A walk-in closet

How it works
The process is simple. You either call up the facility or browse the website and find a suitable storage plan. You then order as many boxes as you need, and then pack and label your belongings. "You don't need to move a finger. Our tie up with Movers and Packers ensures a pick-up facility. When you want your stuff back, go online and click on the tab to recall the boxes," he explains. The plan starts from R299 a month and goes up to R11,000. Storage options range from boxes to a large store room. The key to the storage lies with the customer only. Cleanliness and security are common concerns among customers, according to the results of their survey. The facility, therefore, has a designated person to solely look after the cleanliness of the storage space. There's also a 24x7 security and surveillance to keep the goods safe. "We maintain the right kind of environment so that your possessions don't deteriorate over time," he says. Now, the big challenge for the duo is to popularise the concept. "We want to educate people that this is a viable solution to your space crunch."

Where: www.spacevalet.in
Price: Rs 299 onward
Call: 9930832832

Catch up on all the latest Mumbai news, crime news, current affairs, and also a complete guide on Mumbai from food to things to do and events across the city here. Also download the new mid-day Android and iOS apps to get latest updates