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India’s risk-based internal audit requirement for NBFCs is credit positive: Moody’s

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Singapore, February 8 (ANI): The Reserve Bank of India (RBI) guidelines for non-banking finance companies (NBFCs) to implement a risk-based internal audit framework in line with banks is credit positive, Moody’s Investors Service said on Monday.
The framework requires an NBFC’s internal audit function to assess risks independently of its existing risk-management functions. The new guidelines will apply to all deposit-taking NBFCs or NBFCs with assets of more than Rs 50,000 crore as of March 31, 2022.
“The requirement is credit positive because it adds another layer of risk monitoring and improves the companies’ resilience to unexpected shocks,” said Moody’s in its latest credit outlook.
The framework’s application to the largest NBFCs reflects the RBI’s ongoing efforts to strengthen and harmonise regulatory norms between NBFCs and banks. The NBFC sector has been increasingly important to credit growth in India.
NBFCs’ total balance sheet more than doubled to Rs 49 lakh crore in 2020 from around Rs 20 lakh crore in 2015. At the same time, banks’ exposures to NBFCs have also increased. According to RBI data, 8.5 per cent of gross bank credit was to NBFCs as of December 2020 compared with 4.8 per cent in December 2016.
Banks have traditionally been subject to stricter regulations and risk controls than NBFCs, creating regulatory arbitrage for NBFCs, even though they provide similar financial services. As a result, the RBI is gradually tightening supervision of the largest NBFCs to avoid systemic spillovers.
Over the past year, the RBI introduced dividend distribution policies for NBFCs, harmonised guidelines on the appointment of statutory auditors between banks and NBFCs, incentivised large NBFCs to convert to banks and proposed a scale-based approach to regulating NBFCs.
Moody’s said the latest requirement will improve overall corporate governance and risk management framework for large and significant NBFCs.
The guidelines require NBFCs’ internal audit functions to increase their focus on anticipating potential risks and mitigants as opposed to only testing the accuracy and reliability of financial records and adhering to legal requirements as currently.
They stipulate that the risk-based internal audit function should undertake an independent risk assessment to identify business risk and evaluate the effectiveness of risk control systems.
“The function will need to prepare a risk matrix, giving senior management and key stakeholders a comprehensive review for corrective measures,” said Moody’s. (ANI)

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Meet Jaspal Singh, a focused educator who is mentoring lakhs of young brains

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New Delhi [India], March 6 (ANI/NewsVoir): Cracking examinations like GATE, ESE, and UPSC is a dream for all young Indians and job aspirants. However, coming out successfully in these examinations is not an easy task, as it demands a huge amount of hard work and determination.
Apart from that, a student should also require proper mentorship from an impeccable personality who knows in and out of the entire examination procedure. Jaspal Singh is one such Civil Engineering educator and mentor who has proved his mettle in helping aspirants for GATE/ ESE and other competitive exams to get into Public Sectors Units in the Civil Engineering domain.
To create a strong and professional educational ecosystem, Jaspal Singh is currently working as an educator with Unacademy, India’s leading online education platform. During his association with MadeEasy, India’s most popular academies for ESE preparations, Jaspal Singh has also successfully mentored lakhs of young brains.
Jaspal Singh’s unending passion for teaching.
It was in 2011 that Jaspal Singh left his job as an Assistant Executive Engineer in CPWD to pursue his passion for teaching. In the same year, he joined MadeEasy as an educator, and build a reputation as one of the most prolific teachers in his era. After marking his signature in the minds of thousands of students, Jaspal Singh joined Unacademy and started coaching GATE/ESE aspirants.
Apart from lecturing the syllabus, Jaspal Singh always tries to motivate and guide his students, and it is that unending determination and passion which made him the most popular teacher among his students.
“The notes provided by Jaspal Singh sir, his knowledge and his way of teaching helped me a lot during my preparation,” said Shivansh Kumar Rai who qualified ESE 2019 with AIR-109.
“Jaspal sir played a very crucial role in determining my success in the examinations. He is the god of civil engineering. Whatever subjects he taught me are still my favorite subjects,” said Shweta Singh who qualified GATE with AIR-133.
According to Jaspal Singh, Civil Engineering, being the oldest branch of engineering may seem boring for learners, but using new pedagogies, he successfully made learning an interesting experience.
“Civil Engineering being one of the oldest branches in Engineering has many topics that are conventional and can be boring for learners. To overcome this, I keep introducing new pedagogies and think of different ways in which I can represent the same concepts to make them more interesting. The biggest motivator for me is the fact that aspirants look up to me.
Their expectations from me and their hard work towards their dreams keep me motivated to keep going. Many of my students share their emotions and hopes with me, which further encourages me to give my best and help them succeed,” says Jaspal Singh.
Jaspal Singh holds a record in the India Book of Records
Being a Civil Engineering educator, Jaspal Singh holds a record in India Book of Record for the title, ‘Maximum UPSC qualified candidates mentored by an individual.
“The record for mentoring the maximum number of UPSC qualified candidates (1396) was set by Jaspal Singh (born on October 19, 1986) of Jaipur, Rajasthan. He mentored one lakh aspirants, out of which 1396 qualified the Engineering Services Examination (ESE) (with All India Ranks), conducted by UPSC from 2012 to 2020,” reads the title description in the record book.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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Women leaders forging partnerships in the face of a global pandemic

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Bengaluru (Karnataka) [India], March 6 (ANI/NewsVoir): With International Women’s Day just around the corner, the United Nations has set the theme for this year – “Women in leadership: Achieving an equal future in a COVID-19 world”.
In this regard, it is only apt that we recognize the organized response spearheaded by women leaders against the COVID-19 pandemic, contributing significantly to the creation of The COVIDActionCollab.
Focusing on a multi-sectoral approach collaborating for social good, focused on minimizing transmission and reaching out to those affected.
The collaborative has built a strong & agile framework on sharing information among its partners, reaching out and provide high-impact services to the most vulnerable communities in India and take preventive measures to stop the spread of the pandemic.
The 305 partners of the collaborative represent the public, private, civil society, academic and other sectors. The organization has successfully delivered over 17 lakh services, with the support of nearly 2000 onboarded volunteers, mobilizing resources amounting to USD 1.3 crores.
The members bring to the table expertise in areas of Public Health, Medicine, Engineering, Technology, Sociology, Behavioural Science, Mental Health, Migration, Financing, Humanitarian Emergencies, and more. United, this collaboration has been a formidable weapon in the fight against COVID-19.
On being asked about the importance of women also being represented in positions of leadership, Shama Karkal, Chief Executive Officer of Swasti Health Catalyst, a member of the collaborative shared, “Pandemic response needs to be holistic and all-encompassing.
Leaving out women in leadership during this hour is leaving out an entire population – and we end up risking having a response system that does not work since it does not meet the needs of this population.”
Dr Angela Chaudhuri, Director of Swasti Health Catalyst and member of the collab, raised a pertinent question, “Take, for instance, women at the frontlines of COVID-19 response. With schools closed and us being entrenched in a patriarchal system where the burden of care and responsibilities towards child and family care is disproportionately placed on most women, would we offer the kind of support required to our predominantly female health workforce if women leaders who see the problem don’t lead the change?
And what happens when our human resources for health struggle with their lives? Entire systems for pandemic responses see cracks. The pandemic response is like any other system working with human beings in crisis. It is only as strong as its weakest personnel.”
“I think during the pandemic leadership across industries and organizations was highly challenged, irrespective of the gender of leadership. I was as much worried about the sudden disruption in work, donor commitments, negotiations, goal achievement, keeping up the morale of my team, and the uncertainties which came along, as any responsible leader would be.
The pandemic period has been a very unfortunate one that no one was prepared for. However, like any other leader, I endured and responded to it the best way I could.” shared Sonali Khan, a partner of the collaboration, who leads Sesame Workshop’s educational mission in India.
Our women leaders have together worked towards overcoming these difficulties and driving the organization to success! As Neelam Makhijani Country Director and CEO, Child Fund India a member of the collaboration would put it, “During COVID-19 pandemic, as an NGO, it was our moral obligation to be out there for our communities.
Through much uncertainties, confusion, apprehension, and fear, I was able to lead the organization to fulfill its duty. As a result, we performed at our best, even during the most critical times.
Yet again, I was able to achieve this with the support of a tribe – my team, my leaders, and our partners. Imagine what would happen if all girls and women had a tribe like I did, that helped them believe in themselves and land where they want to be!”
When asked about the impact women in leadership positions would have on future generations, Rebecca Chandy, Sr. Manager – Counselling & Training, Resilience Works, member of the collaborative said, “In an ideal world, it shouldn’t matter whether a woman is running any of the major world organizations.
The lower-level employees would not care whether their salaries were made possible by a woman or a man. However, seeing more and more women at the top will encourage young girls to strive for the top positions.”
The partnerships forged have had a deep impact on protecting vulnerable communities and supporting various stakeholders through the pandemic.
Working towards supporting organizations and state governments, the women leaders of the collaborative have stood steadfast alongside vulnerable communities such as the transgender community, fisherman communities, and the community of sex workers protecting the livelihood of various sections and building economic resilience for their future.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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Sanjeev Kapoor Cookery Show and the Grand Finale of Zaayka presents Jito Master Chef was held at ITC Grand Chola Chennai

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Chennai [Tamil Nadu], March 6 (ANI/NewsVoir): On account of the International Women’s day, JITO Ladies Wing, a city-based NGO is scouting out culinary talent at their Grand Finale of Zaayka presents Jito Master Chef, at ITC Grand Chola Chennai, today.
The cook-off will be presided by celebrity chef Padmashree Sanjeev Kapoor who will later host a Fusion Cuisine Cookery session following the event.
A total of 24 contestants participated in the preliminary round held at the Accord Metropolitan Hotel. A panel of judges led by Arjun Bhat, Top executive chef Accord hotels, and Ashutosh Nerlinkar – Top Executive chef The Park, oversaw the competition where contestants were asked to produce Jain Food.
Six best cooks were selected out of the lot based on the parameters of flavors, presentation, taste, and texture in three categories – mocktails, starters, and desserts.
Shanu Jain, Chairperson JLW said, “Our organization is always committed to developing a platform to implement various activities and programs to strengthen the socio-economic status of women. We are constantly aiming to empower women worldwide to achieve transformation through Leadership, Technology, and Economic Prosperity.”
Neha Sidharth Lodha, Zaayka Convener said that “We are happy that our organization could offer a platform such as this to showcase hidden talents. We hope that through this competition, the ladies will garner a rich appreciation for the culture, heritage, and history behind Jain cuisine.”
When asked about the experience, Sushila Lodha one of the finalists quipped “I cannot put to words how elated we are at this opportunity. I am very glad I got a chance to demonstrate my culinary skills in front of my all-time favorite Sanjeev Kapoor. Watching him work his magic in the kitchen was an experience of a lifetime.”
Post the cookery session results will be announced. The first winner was Archana Dugar, 1st Runner up was ArunaVijay and 2nd Runner-up was Sushila Lodha. All the members present for the Grand Finale event were treated to a widespread sumptuous lunch.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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TVS Motor Company to provide free COVID-19 vaccination to all employees and their immediate family members

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Hosur (Tamil Nadu) [India], March 6 (ANI/NewsVoir): TVS Motor Company, a reputed two-wheeler and three-wheeler manufacturer globally, today announced that they had extended free COVID-19 vaccination for all employees and their immediate family members.
This vaccination drive is in line with the ongoing Government guidelines and will cover 35,000 direct and indirect company employees across the country.
Drive to cover 35,000 direct and indirect employees across the country from
* TVS Motor Company Limited
* Sundaram Clayton Limited
* TVS Credit Services Limited
* Sundaram Auto Components Limited
* Emerald Haven Realty Limited
“At TVS Motor Company, we place paramount importance on holistic employee well-being. We have strived to provide complete support to our employees and their extended family members through the pandemic, ranging from apps for emergency requirements, doctor-on-call, COVID-19 awareness communication and mental wellness programmes. With this vaccination drive, we continue our endeavour to prioritise the health and safety of all our employees and their families,” said R AnandaKrishnan, Executive Vice President – Human Resources, TVS Motor Company, commenting on this development.
In the initial phase, the vaccine will be made available to all employees and their families above the age of 60 and 45 years or older suffering from certain medical conditions.
TVS Motor Company is a reputed two and three-wheeler manufacturer and is the flagship company of the USD 8.5 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, and Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes.
We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys for five years. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years.
For more information, please visit www.tvsmotor.com.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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This Women’s Day, Platinum Evara celebrates women leaders with #SheLeadsWithHeart

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Mumbai (Maharashtra) [India], March 6 (ANI/NewsVoir): To say that 2020 forced a lot of introspection and brought about much disruption would be an understatement. It left every facet of our lives open to change. And every anticipated change was accelerated.
Those in leadership included. There has been a resounding call to re-evaluate what makes for a good leader. It has meant a shift away from the autocratic leadership style of the past and the embracing of a more collaborative approach. Work is no longer ordered from above but powered from within.
In this VUCA world identifying and nurturing the right values is of utmost importance. Attributes of resilience, empathy, compassion, integrity and inclusivity have taken centre stage, replacing codes of an unyielding leadership style.
In these times being inclusive and carrying people along, having empathy and listening to people, looking at things from their perspective, being compassionate and placing people at the heart of any structure, rising resilient in the face of adversity, and acting with integrity by keeping one’s values at the core of what they do means more than it ever did.
The recent past has in fact showcased many women leaders who demonstrated these values leading their countries, organizations and families out of chaos. The leadership style they championed is driven by the heart and has won the hearts of many.
This Women’s Day, Platinum Evara pays an ode to women leaders who embody these values, who lead people in the right direction through tough times. Named #SheLeadsWithHeart the platform brings the conversation on key ingredients of leadership today to the fore! It adds momentum to what many have written and thought about – can’t leadership be strong and yet humane?
To emphasize the importance of leading with an empathetic and compassionate heart, Platinum Evara will be undertaking an extensive digital campaign comprising of a plethora of initiatives to bring the message of #SheLeadsWithHeart to life and honour women leaders across different fields.
Led by social the brand has even leveraged LinkedIn – asking women leaders who believe in the same philosophy to stand by in support and amplify this stance.
In partnership with Livemint.com Platinum Evara will also be curating a list of noteworthy words of wisdom from powerful women leaders in India who share this belief system and subscribe to these values
Speaking on the occasion, Sujala Martis, Director – Consumer Marketing, Platinum Guild International – India said, “Leadership with a heart at the start seemed like a very feminine form of leadership but it’s one that the world has embraced and imbibed today. These values come instinctively to most women and we thought what better than women’s day to mark them, to celebrate them. It sits in sync with what anchors us as a metal because a value system like this despite times is rare.”
Here are a few of our favourite picks and the meaning behind the designs that anchor this initiative
Staying rooted yet branching out seamlessly, these leaves emerge from a diamond-studded stem. They mimic how you reach out with empathy and compassion towards those you love and value.
Nothing says leading with a heart better than this exquisite design. Cast in rare platinum and carrying within an interconnected mesh – it symbolizes how you always carry people along in your journey. It represents the values you hold close within your heart.
Diamond-studded towards the centre and at an angular rise, this design is an ode to your resilience. Your ability to rise in the face of all adversity. Platinum’s innate strength is much like this value you so cherish.
Anchored in a diamond-studded centre, this gorgeous piece represents the values that keep you anchored compassion, empathy, resilience paves your path in every journey you undertake.
Crafted with a metal that remains untarnished through time, a diamond-studded band in platinum sits atop another in rose-gold to reflecting the way you carry people respecting their individual uniqueness.
The collection of Platinum Evara is available here: www.ptevara.in
Facebook: @PlatinumEvara
Instagram: @PlatinumEvara
Platinum Guild International (PGI) is a marketing organisation with the vision to develop the global platinum jewellery market as a new demand source for platinum.
It was formed in 1975 with specialist teams dedicated to growing the global platinum jewellery market through consumer and trade-facing programmes in the four key jewellery markets of China, India, Japan and the USA. Since then, jewellery development has demonstrated a strong track record in delivering results.
Through various programmes, both direct-to-consumer and in collaboration with jewellery retailers and manufacturers, PGI creates consumer ounce demand by first identifying opportunities for platinum in jewellery, and then developing them with partners. It also aims to build an enduring commitment to platinum in jewellery.
PGI’s consumer marketing and educational programmes are focused on developing awareness and an appreciation for platinum’s unique properties as a precious metal for fine jewellery.
In addition, PGI works globally with collaborative partners running extensive marketing programmes in the four main platinum jewellery markets of China, Japan, the USA and India. These markets are staffed with experts in strategic planning, marketing, retail, design and business development.
Since 2015 PGI has been headquartered in Hong Kong. PGI is funded by the leading platinum producers of South Africa, as well as through co-funded programmes with the jewellery industry.
Purity Assurance Program
PGI has partnered with TUV India Pvt. Ltd. to implement a robust audit programme to ensure the purity of platinum under its programme. TUV is one of the country’s first certification bodies and has been closely associated with the quality revolution in India.
Under Platinum Guild India’s quality assurance programme, each individual piece of jewellery has an assured purity as high as 95 percent. And as proof of this assurance, every piece is stamped ‘Pt950’ and comes with a tamper-proof quality assurance card that distinguishes authentic platinum from other jewellery.
A Unique Identification Number is also stamped on the jewellery in addition to the detailed description of the piece you choose for yourself. Our quality assurance programme is in place to ensure transparency and that the platinum the consumer buys is of the highest quality. After all, that is what true value is all about.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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Gusto with GD – It’s all about guts, glory & gusto says GD Singh

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New Delhi [India], March 6 (ANI/Digpu): Gusto with GD is an exciting new entertainment talk show featuring passion stories and inner voices of some of the most sought line up of illustrious individuals with a vision to create content for inspiring youth and industry leaders along with fun and humor.
The first season features and showcases a mix of celebrities along with HNIs, royalties, social activists, and passionate entrepreneurs from different walks of life.
Season one wrapped up its shooting of nine episodes in the mid of February and is scheduled to be released latest by the end of March brought to you by Unified Brainz– A luxury lifestyle & business channel in association with Passion Vista Magazine and Tourism PartnerGujarat Tourism, gift hamper partner EMM (E Mega Mart) and Suruchi’s synergy.
The celebrity guests who participated were former Miss India, actor, producer, and director – Shital Shah, popular Punjabi actress & model – Rupa Khurana, an influencer, the socialite turned actress – Manya Pathak, famous actor of Pollywood – Kanwalpreet Singh, a Gujarati folk singer & Big Boss 9 fame – Arvind Vegda, red carpet Emcee for Filmfare & IIFA – Simran Ahuja, an Indian television actress – Sonia Sharma, a versatile actor in the Indian Film Industry – Nasirr Khan, Indian film and TV actress – Suzanne Bernert, prominent industry character artist- Akhil Mishra, Gujarati film Industry actress titled as Miss Kutch – Komal Thacker, National Award Winning actress -Denisha Ghumra.
The show is hosted by a very dynamic and multifaceted personality who is a branding &marketing expert, global management consultant, an ingenious author, an enlightened philanthropist, a prominent peace advocate, a reformist, and a renowned social activist who follows UN Sustainable Development doctrines, GD Singh who is Founder and President of Unified Brainz Virtuoso Ltd. He is a zestful personality, leading companies nationally and internationally as a management consultant.
His far-sighted vision and keen business acumen provide impetus to guidance-seeking groups and people. His passion for the industry gave birth to the show which talks about the hidden passion of individuals which by time gets buried within them. His fine efforts to motivate and inspire the world today for living life less ordinary, limitless, and most importantly – passionately gave birth to Gusto with GD.
To add more to the glory, season one showcased – A National Youth Award Winner – Madhish Parikh, A National Youth Icon Award Winner – Umang Modi, A National Youth Icon Award Winner – Prarthi Shah, seasoned business enthusiast & producer – Hetal Thakkar, MirchiMurga Don – RJ Kunal, an entrepreneur titled as Fashion Jewellery Queen – Chinu Kala, a serial entrepreneur & educationist – GeetikaSaluja,a Patent Attorney and a fitness enthusiast – Gopi Trivedi.
The content is not exactly about business and profession but about the story of success and failure, the tenacity that helped people reach their destination, the lessons they learned from their failures, the support & guidance that changed their fate, the passion that drove their desires into reality, the moments of decisive actions that saved their life and all those sweet & sour talks without which their story would be incomplete and for that reason, this season will feature royalties with such zeal and passion like, a renowned paleontologist known as Dr Dinosaur or Princess NawabzadiAaliya Sultana Babi, a man who is leading his royal legacy & a renowned fashion designer – Umang Hutheesing, globally renowned social activist & Supporter of LGBT community Prince Manvendra Singh Gohil, the First Female Transnational Real Estate Developer – Princess SanyogitaAtrey.
With the line – “It’s all about your Guts, Glory & Gusto, GD Singh wants to dwell in the untold passionate stories of people who have set high standards by achieving milestones in their respective fields. The show is scheduled to be released and aired over the OTTs, YouTube Channel, and on social media very soon, so stay tuned and keep watching – Gusto with GD.
This story is provided by Digpu. ANI will not be responsible in any way for the content of this article. (ANI/Digpu)

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