Prime Minister Narendra Modi on Friday lauded the use of Unified Payments Interface (UPI) across the country and said that digital transactions in India had jumped 19 times in the last seven years.
“UPI has become the world’s leading country in terms of digital transactions in a very short span of time. In just seven years, digital transactions in India has jumped 19 times. Today our banking system is operational 24 hours, 7 days and 12 months anytime, anywhere in the country,” the Prime Minister said while speaking at the launch of two customer-centric initiatives of the Reserve Bank of India. PM Modi said, “Till 6-7 years ago, banking, pension, insurance, everything used to be like an ‘exclusive club in India’. Common citizens of the country, poor families, farmers, small traders-businessmen, women, Dalits-deprived-backwards, all these facilities were far away for all of them.”
The Prime Minister further pointed out that earlier, there were no bank branches, no staff, no internet, no awareness in the banking sector.
“The people who had the responsibility of taking these facilities to the poor also never paid any attention to it. Rather, various excuses were made for not changing. It was said that there is no bank branch, no staff, no internet, no awareness, no idea what were the arguments,” the Prime Minister said.
The Prime Minister also lauded the role of cooperative banks in strengthening the banking sector.
“To further strengthen the banking sector, cooperative banks were also brought under the purview of RBI. Due to this the governance of these banks is also improving and the trust in this system is getting stronger even among the lakhs of depositors who are there,” he said.
Earlier on Friday, PM Modi launched two innovative customer-centric initiatives of the Reserve Bank of India.
The RBI Retail Direct Scheme is aimed at enhancing access to the government securities market for retail investors. It offers them a new avenue for directly investing in securities issued by the Government of India and the state governments. Investors will be able to easily open and maintain their government securities account online with the RBI, free of cost.
The Reserve Bank Integrated Ombudsman Scheme aims to further improve the grievance redress mechanism for resolving customer complaints against entities regulated by RBI. The central theme of the scheme is based on “One Nation-One Ombudsman” with one portal, one email and one address for the customers to lodge their complaints.
There will be a single point of reference for customers to file their complaints, submit the documents, track status and provide feedback. A multi-lingual toll-free number will provide all relevant information on grievance redress and assistance for filing complaints.
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SANAV, 8-YEAR-OLD INDIAN CREATES WORLD RECORD
Sanav Ramsankar, an 8-year-old, from Tamil Nadu, India and a resident of Dubai, United Arab Emirates, created a World Record on 23rd November 2021 by reciting salient details of 186 Rivers from around the world covering the continents, length in kilometres, outflow/destination and countries each river flows through.
This record was administered through a virtual live event on 23rd November 2021 at 4:30 pm GST (6:00 pm IST) and was streamed live on Facebook and YouTube. During the event, Sanav recited the details of all the 186 world rivers in 15 mins 53 seconds and became the first in the world to create the “World Record” in this newly created category. Sanav is deeply interested in learning about geography and general landmarks in particular. To expand his knowledge, he has been avidly collecting and learning information through various sources from the Internet. Sanav also can recount the capitals and currencies of 196 countries. Noticing his talent and capabilities, his parents engaged Mr. Sushant Mysorekar (Founder of Brain Rhyme Pvt. Ltd., Singapore and an Internationally certified Intelligence Coach) to coach Sanav, and thus the journey towards this world record started.
It started about two months back under the mentorship of Mr. Sushant Mysorekar. Since then, Sanav has been training in memorizing the details through a combination of cognitive mindset and several creative learning and memory tools and techniques. A Grade Three student from GEMS The Millennium School (Indian CBSE Curriculum), Dubai, Sanav has put in around 60 hours of work to memorize the world river systems and its details.
Sanav shares the credit of his maiden world record achievement with his mentor and his parents. He says, ‘They have encouraged and worked hard to balance my day-to-day activities and priorities! They helped me practice effectively over the entire period.’ Sanav believes in “Work hard; have fun; learn from mistakes; make history!” and during the event, he conveyed a wonderful message – “Hard work never fails.”
Sanav loves his family comprising of his father, Ramsankar Rajendra Raja, from Tamil Nadu, India, a banking technology professional; his mother Aswini, a homemaker and his ever-playful younger brother, 3-year-old Sajiv.
Interestingly, Sanav also loves to play chess and soccer. He has earned medals and certifications from various internal tournaments in Dubai. His aim is to achieve international norms in chess. In addition, Sanav is a Brown Belt holder in Karate and is working towards receiving Black Belt at the earliest. He has also recently opened his own YouTube channel.
NISSAN WANTS EV TO ACCOUNT FOR 50% OF GLOBAL MODEL RANGE BY 2030
Japanese car manufacturer Nissan unveiled its Ambition 2030 plan on Monday with which it intends to invest heavily in making electric and hybrid vehicles half of its global variety by introducing 23 new car models.
“Based on customer demands for a diverse range of exciting vehicles, Nissan will introduce 23 new electrified models [EV], including 15 new EVs by fiscal year 2030, aiming for an electrification mix of more than 50 percent globally across the Nissan and INFINITI brands,” Nissan said in a statement. The company is planning to build its long-term strategy, Ambition 2030, around the concept of electrification, with the intention of investing 2 trillion yen ($17.6 billion) within five years to accelerate electrification of its line-up as well as level of technology innovation.
COUNTERFEIT RUPEE MADE IN PAKISTAN GOES FROM BANGLADESH TO INDIA
The counterfeit rupee is made in Pakistan—goes to India. The route of smuggling these counterfeit notes is Sri Lanka via Bangladesh, then India. This counterfeit rupee smuggling has been going on for a long time. Counterfeit rupee first arrives in Chittagong in a marble container from Pakistan. Then it was brought to Dhaka and stored. They are then smuggled across the border into India at convenient times. The police came to know about this after arresting two members of a fraud ring with a counterfeit currency of Rs 7.5 crore in a special operation in the capital. They were arrested by Gulshan police.
The arrested are Fatema Akhter Opi and Sheikh Mohammad. Abu Taleb. A case has been registered against the arrested at Khilkhet police station. The accused in the case have been sent to court for remand.
Dhaka Metropolitan Police (DMP) Gulshan Division Deputy Commissioner (DC) Assaduzzaman said this at a press conference held at the DMP Media Center on Saturday afternoon. He said two persons were arrested from Khilkhet and Demra areas of the capital on Friday night. DC Asaduzzaman said that Fatema Akhter Opi was arrested on the basis of information that a woman was standing in front of the gate of Banarupa residential area of Khilkhet with fake Indian rupees. Then 50,000 fake Indian rupees were recovered from him. On the basis of the information provided by her, another 7 crores 34 lakh 50 thousand counterfeit Indian rupees were recovered from his own house in Panditpara area of Dakshin Khan police station. Later, another member of the forgery ring Sheikh Mohammad from Demru’s Sarulia area.
DC Asaduzzaman said the arrested Fatema Akter was an active member of the International counterfeit Indian money-laundering ring. For a long time, he used to collect Indian counterfeit currency from Pakistan through international channels and smuggle it to India through marketing through domestic channels. Abu Taleb, who was arrested on November 23, handed over the recovered Indian counterfeit to Fatema Akhter Opi. Taleb, through Pakistani nationals Sultan and Shafi, skillfully smuggled out of 500 sacks of marble stones imported from Pakistan, 95 sacks marked with pink thread, to Bangladesh via Sri Lanka. Describing the ring as involved in the scam for nearly 10 years, DC Asaduzzaman said, “Fatima used to collect these counterfeit coins from Pakistani nationals Sultan and Shafi.
Fatema and Taleb used to hide these counterfeit rupees under the water tank of their house in Dhaka. Later, he used to smuggle it to India through various borders of the country. ‘ The police official further said that Danesh, the husband of Fatema Akter Opi, is a Pakistani citizen. He is ill and now lives at home. He was arrested by DB Motijheel Division a few years ago. There are two cases in his name. In addition, Abu Taleb was traveling to Pakistan. Since her husband is Pakistani, Fatima has also visited Pakistan many times. This is the source of their acquaintance with Sultan and Shafi, the leaders of the fake rupee cycle, and later they too became involved in this cycle.
‘The Fuel Delivery’ disrupting fuel distribution landscape
In this era of digitisation, everything- apparel, books, shoes, grocery and now even fuel can be delivered at one click via mobile app. ‘The Fuel Delivery’ is among the pioneering startups in this segment, redefining the fuel distribution landscape through best-in-class service and a superior customer experience.
Founded by Rakshit Mathur in 2021, the startup has deployed an IoT (Internet of Things) – based mobile app wherein a customer can place an order for delivery and get it delivered at the doorstep at the prescheduled slot. The startup’s name is itself suggestive of its objective of doorstep fuel delivery in a safe, efficient and cost-effective manner. Fuel is a basic necessity for the Indian economy. It finds usage in several sectors with industries, including agriculture, transportation, construction, manufacturing, retail, logistics and warehousing, healthcare and hospitality, agriculture and transportation, etc. Against the backdrop of the acceleration of e-commerce, doorstep fuel delivery has become a necessity.
The company leverages IoT (Internet of Things) for fuel delivery. All the delivery vehicles are enabled with an IoT solution that allows real-time monitoring and tracking, seamless logistics management, and reduced order fulfillment time. It recently won the ‘Indian Achievers Award for Promising Start-Up 2021’ by the Indian Achievers ‘Forum & Achievers’ World.
“After working for over a decade and a half in the corporate sector, I discovered the potential of IoT (Internet of Things) and wanted to harness it to the fullest. After exploring various options and opportunities, we zeroed in on the concept of fuel delivery via a mobile app. The Fuel Delivery has been established with an aim to redefine the fuel distribution landscape through best-in-class service and a superior customer experience,” said Rakshit Mathur, Founder & CEO, The Fuel Delivery.
“Covid-19 has exacerbated the challenge of the last-mile delivery of diesel which is used as a fuel to run operations. The Fuel Delivery offers the comfort of getting fuel at the doorstep, thereby maintaining social distancing, avoiding pilferage and safety risks and above all, saving time. What differentiates us from our competitors is that we are not a retail player; instead, we’re focusing on bulk deliveries in sectors like hospitality, real estate, hospitals, corporate IT parks, schools and housing societies etc. We also cater to individual customers,” he added
“The minimum order delivery is capped at 100 litres with a one-time nominal convenience fee of just Rs. 99. Our fuel dispensing bowsers are equipped with best-in-class safety features like spark arrestors, emergency shut-off valves, fusible links, emergency vents, pressure vacuum valves, etc., approved by the government authorities and concerned stakeholders, thereby ensuring extra safety advantages for consumers. As a responsible organisation, we are committed to ensuring the utmost level of safety while redefining customer experience,” he further said.
The Fuel Delivery is presently operating in Delhi-NCR and Mumbai. It plans to scale up the national presence by expanding to Bengaluru, Hyderabad, Pune, Jaipur, Kolkata, Jammu and Chandigarh etc., in the next 12 to 18 months. It also plans to include alternate fuels like CNG into offerings after getting approvals from the regulatory bodies.
JEWELLERY IS A VERY PERSONAL THING, MUCH LIKE STYLE: SUSHMITA SEN
In this exclusive interview, Sushmita Sen opened up about the latest collection of Zoya, her favourite piece from the collection and her thoughts on how jewellery adds on the personality of the person, among many other things.
Sushmita Sen recently joined NewsX for an exclusive interview as a part of NewsX India A-list. In the exclusive interview, the actress opened up about the latest collection of Zoya, her favourite piece from the collection and her thoughts on how jewellery adds on the personality of the person among many other things. Excerpts:
Speaking about the latest collection of Zoya and what made her come on board for it, Sushmita said, “Zoya and its team, that I love, not the first time I’ve been a part of Zoya’s launches, in the past and beautiful ones for that. I think it’s just an old connection, an old trust and a beautiful collection that brings me here and of course, it’s house of Saturn. It just makes you feel like you belong to one of the most beautifully thought connections with India. It’s beautiful. It has unchanged elegance.”
Talking about the timing of the collection, she said, “Not just the festivities and the change of season but also nearing the change of a year. That always brings in a sense of rejuvenation and hope for better times. I think when you celebrate that and of course, needless to say, no matter which part of India you are in, people are usually getting married around this time now so, that also adds to it. I think it is a very special time of the year. I was born in it, I think it is lovely.”
Sharing her thoughts on how jewellery adds on a person’s personality and overall looks of the person, she expressed, “Jewellery is a very personal thing, much like style. Different people prefer different things. My sense of elegance is timeless. It has to be pieces that you can wear not just once in your life and never be able to wear it again. The way I see it is, if I did ever get married, I’d still wear jewellery that I can actually repeat rather than something really big and different that i never get to wear it again. That’s my take on jewellery. Of course with different people, it’s different but yeah, it is got to be timeless. It got to be something that is unforgettable for you. it marks a chapter in your life that you can celebrate often.”
When asked about her one special piece of jewellery, she said, “The first solitaire that I ever bought for myself. The whole world has been accredited for it, which is a mistake but I bought that for myself and saved up a long time to get it but it had to be 22 carats.”
STARTUP SUMMIT TO BE HELD ON 9 JANUARY IN AHMEDABAD
Government of Gujarat announced on Monday that it will host a Vibrant Gujarat startup summit just ahead of the Vibrant Gujarat global summit 2022 on January 9, next year. The idea behind organising the summit is to bring together innovators, entrepreneurs and venture capitalists on one platform.
Anju Sharma, Principal Secretary, Department of Labor and Employment, said that the Vibrant Gujarat Global Summit, which started with the vision and efforts of Prime Minister Narendra Modi, is gradually setting new records.
“As the 10th Vibrant Gujarat Global Summit 2022 draws to a close at a time when Gujarat is moving towards becoming a global business hub due to the Vibrant Summit. The Startup Summit will be held on 9th January,” she said.
Researchers and leading investors will participate in the Unicorn Conclave. More than 10 specialized startup founders from Gujarat, leading investors and more than 1200 startups will also participate. In addition, about 500 industrial leaders from Gujarat will also be present.
Speaking on the occasion, Anju Sharma, Principal Secretary, Department of Labor and Employment and Chief Coordinator, Startup Summit, said: “Other leaders, including Intel India CEO Nivruti Rai, APNA founder and CEO Nirmit Parikh, will share their views.
She added that the summit will be attended by leaders from India as well as startups from around the world. “This event will provide participants with the opportunity to present their experiences, learn new things and improve. Emerging entrepreneurs will have the opportunity to present their ideas, meet national and international investors and implement their ideas,” she added.
Due to Gujarat’s defined and accurate structure in the field of startups as well as incubation, collaboration, awareness and other initiatives, Gujarat has been at the top position in DPIIT State Startup Rankings for two consecutive years 2018 and 2019.
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