India reckons revived reforms for failing economy

first_imgNew Delhi, Sep 20 (ANI): The tapering trends in Indian economy urgently demands deepening of economic reforms so as to stabilise the dwindling economy of the country. India___s Finance Secretary Arvind Mayaram stated this while interacting with the mediapersons in New Delhi. Earlier on Wednesday (September 18) the US Federal Reserve announced that it will continue with its monthly $85 billion bond buying programme and wait for more evidence of growth recovery. He also assured that the Indian government is working for the growth recovery and normalisation of the Indian currency.last_img read more

Kotak Mahindra Bank unveils digital banking initiative 811

first_imgUday Kotak, Managing Director of Kotak Mahindra Bank poses for a picture at the company’s corporate office in Mumbai January 15, 2015.Reuters fileKotak Mahindra Bank (Kotak) on Wednesday announced the launch of ‘811’, India’s unique full-service digital banking ecosystem on mobile that will drive the bank’s organic growth agenda. It has been designed around the idea of simplicity and ease of use. 811 offers a zero balance savings account with zero charges for all digital transactions, where customers can earn up to 6% p.a. on their savings account balances. With 811, Kotak Mahindra Bank will accelerate and deliver on its organic growth strategy.811 offers a completely digital and paperless account opening experience across nearly 700 locations in India. It can be opened anywhere, anytime, within 5 minutes, using Kotak’s mobile banking app – the top rated banking app in India. Kotak is the first bank in India to integrate the newly introduced Aadhaar-based OTP authentication process for account opening on mobile. Only Aadhaar and PAN numbers are required to open and operate 811.Uday Kotak, Executive Vice Chairman & Managing Director, Kotak Mahindra Bank, said, “An investment of Rs 1,00,000 made in Kotak Group in November 1985, is worth around Rs 1,400 crore today – a compounded growth rate of 40% over the past 32 years. We have always believed in value creation for our stakeholders. In pursuit of this, we have implemented multiple strategies – both organic and inorganic – thereby establishing our presence across the entire gamut of financial services.””The merger of erstwhile ING Vysya Bank with Kotak Mahindra Bank, effective April 1, 2015, doubled our geographic spread, taking us to India’s Kona Kona. Now, with 811, we embark on a bold organic growth journey. We aim to double our customer base in 18 months. 8/11 changed India. 811 aims to take our Prime Minister’s vision forward”, said Kotak.With 811, anyone can now download Kotak Mahindra Bank on their mobile. It offers access to over 100 features on mobile including completing financial transactions, managing investments, fund transfer, and is an ideal lifestyle app for e-commerce on Flipkart, PVR, Goibibo, etc.811 is fully integrated with Bharat QR Code, India’s new digital payment system, developed by the Government of India.The app is also Unified Payment Interface (UPI) enabled, for instantly sending and receiving money. Further, 811 customers will enjoy all digital transactions at zero cost, and get a free virtual debit card.Currently, 811 is available on Google Play Store, and it will soon be available on Apple’s App Store.last_img read more

Uganda landslide kills at least 34

first_imgDamaged housing is seen after a landslide in Bududa, Uganda, in this still image taken from video on 12 October 2018. Photo: ReutersAt least 34 people have been killed after a river in eastern Uganda burst its banks, sending thick sludge and rocks barrelling into homes, disaster officials said Friday.Rescue teams were picking through the rubble, looking for survivors and victims of the disaster which took place on Thursday in the town of Bukalasi in the Bududa district. An unknown number of people were still missing.“I can confirm 34 people are dead. We have to wait for our assessment to be completed before we can say how many are missing,” said Uganda Red Cross spokeswoman Irene Nakasiita.On Thursday she shared photos of the scene of what she described as a “massive landslide” on WhatsApp, including images of dismembered corpses caked in mud laid out by the river.Some of the bodies had been partly covered with banana leaves by members of the public.“The cause was the river bursting its banks upstream following heavy rain. When the water flowed down it brought a number of big stones with it that destroyed people’s houses,” said Nakasiita.“Our search and rescue team is still on the ground evacuating people and removing them from the rubble.”She said the Red Cross was sending relief supplies to the area, such as tarpaulins, blankets and water purification tablets.Nathan Tumuhamye, director of an organisation that helps communities recover from natural disasters and conflict, told AFP that “four to five villages”, and possibly a primary school had been affected.“I have received the sad news of landslides wreaking havoc in Bududa District, killing a yet-to-(be)specified number of residents. The government has dispatched rescue teams to the affected areas,” President Yoweri Museveni wrote on Twitter.“The government will look at the other options available to stop further occurrences of these disasters.”Bududa district in the foothills of Mount Elgon, which lies on the border between Uganda and Kenya, is a high risk area for landslides.At least 100 people were reported killed in a landslide in Bududa in March 2010, and in 2012 landslides destroyed three villages.Government efforts to move vulnerable people to neighbouring districts have faced resistance from residents.According to Tumuhamye some early warning systems for floods and landslides have been established in the area but without the capacity to respond to the warnings the systems have not helped residents escape disasters.last_img read more

Until Next Time Pakistan

first_imgListen 00:00 /01:45 Share X To embed this piece of audio in your site, please use this code: Laura IsenseeThe Karachi airport in Pakistan.At the Karachi airport and ready to board back West, Laura Isensee reflects on her visit to Pakistan as a journalist.Pakistan is seen as very black and white, Laura says, but it’s all about the grey in between extremism and progress. There is also a collective effort to create positive change, which leaves her feeling optimistic for the country.And check out Laura’s earlier entries on the special page on our website.last_img read more

Award winners felicitated

first_imgIn an attempt to honour the works of different authors in 24 recognised Indian languages, Sahitya Akademi presented Sahitya Akademi Awards to writers at a ceremony in FICCI Golden Jubilee Auditorium in the national capital on Tuesday. Twenty one male authors and three female authors won the Awards. Seven poetry collections, six collections of short stories, four novels, five collections of essays / criticism and two plays won the Award.Dr Gopi Chand Narang, eminent Urdu scholar and Fellow of Sahitya Akademi was the chief guest at the function while Vishwanath Prasad Tiwari, president, Sahitya Akademi, presented the Awards to the writers.  Also Read – ‘Playing Jojo was emotionally exhausting’K Sreenivasarao, secretary, Sahitya Akademi and Dr Chandrashekhar Kambar, vice president of Sahitya Akademi were also present at the ceremony.In his speech, the chief guest Dr Gopi Chand Narang applauded Sahitya Akademi for carrying out literary service in all the 24 recognised languages and he highlighted various details and Akademi’s achievements to point out how Akademi has been rendering literary service to the nation with writers at the core. He reiterated that the Akademi will always stand by the writers of all kinds.  Also Read – Leslie doing new comedy special with NetflixIn his welcome speech, Dr K Sreenivasarao, secretary, Sahitya Akademi, stated that the Akademi is a home of writers and for the writers. Vishwanath Prasad Tiwari said: “It is through literature that unity can be achieved and communal dividing elements can be defeated.” He added that he is proud to be associated with the Akademi which is preserving and propagating all the Indian literary traditions. List of award winners include Assamese – Kula Saikia; Bengali – Alok Sarkar; Bodo – Birendra Kumar Bodo; Dogri – Dhian Singh; English – Cyrus Mistry; Gujarati – Rasik Shah; Hindi – Ramdarash Mishra; Kannada – KV Thirumalesh; Kashmiri – Basir Bhadarwahi; Konkani – Uday Bhembre; Maithili – Man Mohan Jha; Malayalam – K R Meera; Manipuri – Kshetrimayum Rajen Singh; Marathi – Arun Khopkar; Nepali – Gupta Pradhan; Odia – Bibhuti Pattanaik; Punjabi – Jaswinder Singh; Rajasthani – Madhu Acharya ‘Ashawadi’; Sanskrit – Ram Shanker Awasthi; Santali – Rabi Lal Tudu; Sindhi – Maya Rahi; Tamil – A Madhavan; Telugu – Volga and Urdu – Shamim Tariq.last_img read more

Supply Side

first_img While you’re reading this article, more than $70,000 in business merchandise will be purchased on eBay–everything from fax machines to construction equipment to display cases. Rebecca Shapiro, 43, owner of the arts and crafts store Pig and Panda in Portland, Oregon, has been able to leverage the power of buying on eBay to quickly grow her $85,000-plus-a-year online business. “[Reducing] our startup costs by purchasing most of our equipment on eBay allowed us to use our money for additional employees and inventory instead,” she says.Danny Leffel, manager of eBay Business, couldn’t agree more. “Buying on eBay levels the playing field for smaller businesses,” Leffel says. “They can reach outside their local area in seeking deals without having to buy in volume.” Ready to buy? Go to www.ebaybusiness.com/catalog to register your business on eBay, which will allow you to start buying on eBay immediately. You will also receive an eBay User’s Guide and free customized business consulting. The Business & Industrial discussion boards will also be of great help. The discussion board includes up-to-the-minute information from eBay and advanced notification of free business workshops.Remember, you can also sell those unused assets lying around your business. Go to http://pages.ebay.com/sellercentral/resources.html to learn more about turning those assets into cash.Janelle Elms, eBay University instructor and dean of Online Business at LA College International, is creator of the eBay Stores Video Series. Contact her at www.janelleelms.com/ebay. 2 min read Growing a business sometimes requires thinking outside the box. April 1, 2007 Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Opinions expressed by Entrepreneur contributors are their own. Register Now »last_img read more