PROSPERITY THROUGH CO-OPERATION. Cooperative sector has played a phenomenal role in bolstering socio- economic development of Punjab.
The sector has turned out to be a key instrument of the state to develop and sustain its rural economy. Priya Yadav of Elets News Network (ENN) writes about cooperative banks providing easy credit to farmers and benefitting educated unemployed youth by launching self employment schemes through cooperative societies Punjab, essentially an agricultural state, has seen a massive transformation, especially in the rural areas, courtesy the cooperative movement. It is credited with the force that made the green revolution in the country’s food bowl a success. The role of cooperative sector can never be over stated in the agrarian state for it supplies agricultural credit and funds to small farmers. The cooperative movement in Punjab has a solid base as there are over 60,000 societies that have a total turnover of around four billion US dollars.
Making city partnerships work in 2019. City partnerships is known by various terms in various geographies — city twinning, city pairing, town twinning, sister cities, friendship cities, international collaboration, municipal twinning, city-to-city partnerships, municipal international cooperation, local government international alliances, etc, amongst others.
While the initial partnerships focused on post-war reconciliation and donor-beneficiary relationships, new age partnerships evolved as a tool for cities to strengthen the cultural and economic relationship with cities in other countries. New Government Mission in Urban Sector in India created markets and broadened scope for international collaborations With urbanisation taking place throughout the world, India is no different. In fact, many countries like the United Kingdom, France, Germany, etc, have already extended their support to Indian Smart Cities through technology and knowledge transfer as well as technical assistance.
IPE Global. Google launches new features to digitally empower SMEs. HERE & UNL collaborate to fight COVID-19 using location-based technology. HERE Technologies, a global leader in mapping and location platform services, has today announced its collaboration with UNL, a global smart addressing platform to fuel the ongoing fight against COVID-19 and future pandemics through location-based technology and services as a part of their initiative under the Human Unlimited #tech4good foundation.
The joint initiative is part of a shared vision to amplify the use of technology to bring tangible and lasting benefits on a greater number of people. Under the Human Unlimited foundation program, tech partners HERE and UNL will provide the ‘Human Care app and platform’, an end-to-end solution for, during and post COVID-19 as well as future pandemics. Human Care provides an infrastructure for a tech-driven shift to a new normal by accelerating the information flow and collaboration between people, governments, NGOs, and businesses to co-create safer public environments powered by location and data. Verizon partners with Digital Catapult for 5G immersive accelerator programx.
Verizon has joined forces with Digital Catapult, the UK’s leading advanced digital technology innovation centre, to launch an immersive accelerator programme to develop innovative 5G solutions for enterprises.
The programme will enable a select number of retail and brand partners to work directly with startups and technology innovators to explore how 5G-enabled solutions can solve their real-world business challenges. They will use Verizon’s 5G and edge computing capabilities in Verizon’s London 5G Lab and production studio to develop prototypes over a seven-month period. Verizon’s London 5G Lab and production studio launched in February 2020 – the company’s first 5G-enabled facility outside the United States.
The London Lab offers a live Verizon 5G-enabled environment where organizations can develop and test 5G applications and experiences, and explore the boundaries of 5G network technology. Centre extends PAN Card-Aadhaar Card Linking Deadline till March 31, 2021. Centre has extended the last date for linking PAN-Aadhaar card till March 31, 2021.
Earlier, the deadline for completing the formality was June 30, 2020. The extension in PAN-Aadhaar link deadline offers some relief for those PAN cardholders who have not linked their PAN with Aadhaar. If you don’t complete this formality within the time frame PAN will become ‘inoperative’. Centre to bring Urban, multi-State cooperative banks under RBI's ambit. In a bid to ensure protection of depositors, th Centre is planning to bring all urban and multi-State cooperative banks under the direct supervision of the Reserve Bank of India (RBI).
The Union Cabinet has cleared an ordinance in this regard during a meeting on Wednesday. “In a landmark decision, the urban cooperatives and multi-State cooperative banks, which are 1,540 in number and have a depositor base of 8.6 crore, who have saved Rs 4.84 lakh crore, a huge amount…They have been brought under RBI supervision process, which is applicable to scheduled banks. Depositors will get more security because of today’s decision,” said Prakash Javadekar, Information and Broadcasting Minister. Smart city is formed with Smart Citizens. In India, the focus has always been on implementing best of the technological measures to make a city smart.
But there is a need to understand that it is not limited to the smart urban infra or smart governance but what is more essential are smart citizens, writes Adarsh Som of Elets News Network (ENN). Citizens have always been the most integral part of any city. In India, where the Smart Cities Mission is on boom, the authorities must wake up to the fact that citizens need to be aware about the government’s initiatives, newly formed policies and the technological advancements being implemented to ‘smarten’ their cities. Exclusive: Co-op Banks embracing digitisation to attract the millennial, says Milind Varerkar, GM-IT, Saraswat Bank. Going forward into the digital era, Co-operative Banks also want the millennial to choose them as their banks.
It has now become the need of the hour and the ecosystem to adapt the digital modes and we have been deploying digital channels, said Milind Varerkar, General Manager -IT, Saraswat Bank, during a Live Webinar hosted by Elets Technomedia. He further said, “Many channels other than mobile banking and internet banking, which are provided by National Payments Corporation of India (NPCI) namely, UPI are adopted by us.” Home Credit India, Stratbeans partner for advanced skill training. Loan finance company Home Credit India has joined hands with Artificial Intelligence-based online learning solutions provider -Stratbeans.
The Learning Management Solutions (LMS) provider, Stratbeans has so far helped more than 60,000 people affiliated with Home Credit through with advanced digital learning solutions that are helping them boost productivity and prepare for the future of work in a post-COVID era. Stratbeans’ DIY platform assisated the teams (employees and retailers) at Home Credit India to match steps with the fast-changing times especially during the lockdown enforced to limit Covid-19 infections. In the dynamically changing technology oriented job environment, upskilling the employees to expand their employability is significant and therefore Home Credit India is focusing on that said Sandip Mallik, Chief People Officer, Home Credit India.
Is Work From Home, Right Way to Boost Economic Activity Post-Lockdown? The coronavirus has taken the world by storm.
It has infected lakhs of people across the globe and has taken the lives of lakhs more. In India alone, there are around 80,000 positive cases with over 2,500 deaths. Can COVID-19 fill the void of City Governance for Urban Transformation. COVID-19 pandemic has exposed the fragility of our urban systems like never before. In India and across the globe, the pandemic has taken its roots in cities and proven to be the single most potent disruptive force to the “engines of the economic growth”. The pandemic has very clearly demonstrated that while national and state governments play a crucial role towards a systematic and unified approach to response and mobilizing resources, it is the cities and urban systems where the battle is being fought. Making cities function in the backdrop of the COVID-19 pandemic is proving to be the biggest challenge.
The fallout from the pandemic will lead to many new norms once cities start bouncing back and moving towards the recovery path. SBI SO Recruitment 2020: Vacancy out for 444 positions. SBI SO Recruitment 2020: State Bank of India has announced the recruitment of specialist cadre officers and started the application process. The announcement is made on a total of 444 vacancies for various posts under different advertisements. Interested candidates can apply online for their desired posts on or before July 13 at sbi.co.in/careers.
For applying, aspirants will have to visit the official website of SBI and click on Careers link provided at the bottom of the page. Under the latest announcement sections on the official website, click on the relevant link of the advertisement and go to ‘apply online’. Then click on the ‘New Registration’ or ‘Login’ if you have already registered for the vacancies. PayU, ensuring business continuity with digital preparedness: Gurjodhpal Singh, SVP, PayU India. PayU has put in place a robust business continuity plan to ensure that work goes on as per the course and our merchants, employees, and vendors do not get impacted. In light of the demand after COVID 19, we have focussed on omnichannel solutions and solutions such as PayU ePOS, Bharat QR, and EFT for contactless retail sales.
EMI and credit at POS are offered by PayU in partnership with merchants to stimulate consumption and offer credit to customers at the point of sale on all platforms, says Gurjodhpal Singh, Senior Vice President, Growth Initiatives – PayU India, in conversation with Rashi Aditi Ghosh of Elets News Network (ENN). The outbreak of Covid-19 has made the use of Digital Payments a little more significant than earlier. How is PayU handling the change in demand? GCC begins work to develop COVID Care Centre at Anna University. The work to develop a COVID Care Centre on the premises of Anna University is ongoing. The Greater Chennai Corporation (GCC) is working on developing the health centre. On June 20, GCC’s senior officials led by Kumaravel Pandian, Deputy Commissioner (Works) visited the university and held a meeting with the university authorities.
The authorities have agreed to offer alternative buildings, including the auditorium. According to the officials, the plan is of developing a COVID Care Centre with a capacity of 2000 beds in the university premises. As much as 1.6 lakh sq.ft. of buildings in Anna University will be put in use for the purpose. Exclusive: Banks must aim at deploying 'Technology with a Human Touch', says Arif Khan, CDO, NPCI. In the age of digitisation, when you are talking to your customers on WhatsApp and mobile banking, we have lost the human touch of relationship somewhere.
Human relationship is all about trust and emotions. It may sound very crude but I don’t remember any bank sending me a Whatsapp message that has a smiley or any other emoticon on it. Breaking the Barrier of FINANCIAL UNTOUCHABILITY: Gitanjali Mishra. ICICI Bank trims employee notice period from 90 days to 30 days. Private Lender ICICI Bank reduced the employee notice period from 90 days to 30 days, said the lender in a communication to its employees .The reduced notice period, , will come into effect from June 17 and will be applicable to the employees in Managerial positions of its internal MMII grade and below.
ICICI in its communication stated that the decision was taken after receiving several requests from employees. River Noyyal Rejuvenation Project work begins in Coimbatore. River Noyyal Rejuvenation Project work begins in Coimbatore. Over 70% of the MSMEs in India likely to layoff: Survey. More than 70 percent of micro, small and medium enterprises (MSMEs) and 40 percent corporate are planning to sack their employees in a bid to bring their business back on track, said a survey by All India Manufacturers Organisation (AIMO). Over 70% of the MSMEs in India likely to layoff: Survey. PhonePe planning to increase workforce by 20 to 30% this year.
Flipkart-owned digital payments firm PhonePe is restructuring the company in a bid to make it a flatter organization. The company is planning to increase its workforce by nearly 20-30 percent. Elets BFSI NextGen Virtual Summit. Elets Exclusive: Readiness for post-pandemic thrust is the key to success, says Viram Shah, Vested Finance.
Post the announcement of the lockdown, the sentiment across the BFSI sector was negative but gradually people’s expectations have come down and they are no longer in despair. Should you get yourself a COVID-19 insurance cover? Should you get yourself a COVID-19 insurance cover? Elets Exclusive: India is the biggest laboratory for Fintech, says Ninad Karpe,100X.VC. A large market of Fintech is still waiting to be explored. Elets Exclusive Effect: Banks agree to offer moratorium to NBFCs. Raising their concern on the low availability of moratorium despite the Reserve Bank of India’s approval, Heads of India’s leading Non-Banking Financial Companies (NBFCs) spoke about the challenges faced by the sector during a Live Webinar organised by Elets Technomedia in association with The Banking & Finance Post magazine on May 1, 2020.
Significance of RPA and Automation in Uncertain Times like Covid. COVID-19 – Risks for the BFSI Sector in India. Women and Insurance: Time to cut that gap. Lockdown expected to be extended till May 31 with more relaxations. Industries in Pimpri-Chinchwad gets nod to resume operations with reduced workforce. Finance Minister announces liquidity scheme for MSME, NBFCs. Top 50 NBFCs in India. Top 50 NBFCs in India. Nirmala Sitharaman to explain Rs 20 lakh crore economic package today at 4 PM. Effective use of technology to transform cities, a COVID lesson: DS Mishra. Elets Webinar: COVID boosting digitisation but Cybersecurity remains a concern, opine banking experts. IRCTC to begin ticket booking from 4 Pm today, services of limited trains to start soon. Job portals unveil new initiatives to prioritise laid-off employees. Can COVID-19 fill the void of City Governance for Urban Transformation. Simplifying Corporate Onboarding with Fintech. Mumbai, Pune record major slump in vehicular pollution during lockdown.
BharatPe appoints Nishant Jain as Chief Business Officer. BharatPe appoints Nishant Jain as Chief Business Officer. GCC to convert govt, private schools to quarantine facilities. Elets Webinar: Recalibrating Business Strategies is the Optimum Goal, opine Insurance Experts. International Labour Day: Stock Market to be closed today. Delhi Govt launches dedicated website for COVID-19 updates and info. How is Technology Changing the Face of BFSI Business? WIHG reveals 35 thousand-year history of river erosion in Ladakh Himalayas.
Axis Bank reports net loss of Rs 1,388 crore in Q4. Tips for NGOs to make use of Twitter effectively during COVID-19. How digital disruption is changing trends in the Indian Insurance sector. Optimizing use of digital channels significant to combat COVID: Ankit Agarwal, Alankit Ltd. Optimizing use of digital channels significant to combat COVID: Ankit Agarwal, Alankit Ltd. Optimizing use of digital channels significant to combat COVID: Ankit Agarwal, Alankit Ltd. UV disinfection trolley can effectively clean up hospital spaces to combat COVID-19. PM Narendra Modi, Sitharaman to finalise second stimulus package today. Impact of COVID 19 on recovery reforms. Post-COVID, Cloud and Datacenters will Take the Center Stage: Kalyan Muppaneni, Chairman & CEO, Pi DATACENTERS.
Coronavirus Crisis: Airlines reject proposal to keep middle seat vacant. Airtel planning to pay April salaries of 25K staff of its distribution partners. 80% asymptomatic cases deepens COVID-19 concerns in India. Smart city project works to resume in Salem following Centre's revised guidelines. ICICI Bank unveils voice banking services on Amazon Alexa and Google Assistant. Cyber Distancing - The New Norm in Secure Distance Learning. Banking & Finance Post: Live Webinars: Best way to connect with BFSI leaders, virtually. Live Webinars: Best way to connect with BFSI leaders, virtually. Education Webinar. RBI Governor Shaktikanta Das Press Conference Live on COVID-19.
Elets Webinar: Fintech will emerge as gamechanger during COVID-19 outbreak, says Shiju Rawther A, Infoline Group. Elets Webinar: Digital will change the game during Coronavirus outbreak: Sameer Singh Jaini, The Digital Fifth. EletsWebinar: Readiness for post-pandemic thrust is the key to success, says Viram Shah, Vested Finance. IIT Bombay to identify biomarkers to predict non-severe to severe progression of COVD-19. Airtel offers 'Work from Home' solutions for businesses affected by lockdown. Education Webinar. How to make the Pandemic period fruitful? PM Narendra Modi extends lockdown till May 3: New Announcements Inside.
Coronavirus Update: PM Narendra Modi to Address the Nation at 10 am Tomorrow. Coronavirus Crisis: Bank credit growth drops drastically to 6.1% in FY20. Coronavirus has trimmed India's growth outlook drastically: RBI. Corona: What have you done to our economy and society?: Kunal Kumar, Joint Secretary, Ministry of Housing & Urban Affairs, Government of India. HDFC Bank offers EMI option to customers for 3 months. Highlights of Nirmala Sitharaman Press Conference Today. Market size of e-Security expected reach $1.5-2 billion by 2022. India needs to curb overlooking known vulnerabilities: Diwakar Dayal, India & SAARC, Tenable. A single data breach can devastate a business: Bhaskar Vadlamani, Pi DATACENTERS. Cashless economy initiative boosted digital economy in India. The Potential Impact of Supply Chain Finance on the Indian Economy and Financial Stability. YONO 2.0 -To de facto dominant digital ecosystem. MoneyTap: Transforming lending through a balanced approach.
Three UP regional rural banks to be merged soon. FM introduces Taxation Laws (Amendment) Bill 2019 in Lok Sabha. What is NBFC? Aadhaar card update: Check new features of Aadhaar app here. RBI suspends DHFL board, appoints administrator and three-member advisory committee. Razorpay unveils corporate credit cards for start-ups.