The fact that an average of more than 2-3 new jobs were created per surveyed customer implies the contribution of NeoGrowth in indirect job creation. While commissioning this report has been an exhaustive process, we are committed to NeoGrowth’s objectives of bringing about financial inclusion and asserting a greater social impact, and we believe we will continue focusing on the same going forward.A random sample of 159 customers from NeoGrowth’s base of over 10,000 live customers from cities including Mumbai, Delhi NCR, Hyderabad, Chennai, Bengaluru, Lucknow, and Chandigarh were selected for the research and on-field interviews. Having disbursed 25,000+ loans amounting to more than Rs 4,300 crores, NeoGrowth has financially empowered small merchants to grow and sustain their businesses.Additionally, NeoGrowth rendered loans to 2,274 merchants with a credit bureau score less than 650.?All these figures indicate how NeoGrowth has been actively involved in driving financial inclusion in India.. The report further revealed how about?48 per cent of the merchants surveyed witnessed an increase in their credit bureau scores post availing loans cold laminating filmfrom the company. Pioneering the evolution of digital lending in India, the company has continued to strengthen its foothold in the MSME segment by facilitating easy, fast, and hassle-free access to credit through its robust risk-scoring mechanism. Committed to bring about a positive social impact and true financial inclusion through lending at the convergence of retail and digital payments, NeoGrowth is among the very few fintech NBFCs to have objectively measured and presented the direct and indirect social impact that they have created.New Delhi:?With an objective to measure and evaluate the impact created in the lives of its customers, NeoGrowth, India’s leading digital lender serving underbanked SME businesses, recently released the Social Impact Report of 2019. This indicates how the brand’s efforts towards facilitating access to credit on convenient repayment terms has enabled it to empower small business merchants across the country with a strengthened credit history for tapping into future possibilities
The actress, who has a handful of films in her kitty, is now eyeing at the digital space as well. I am just waiting for the right opportunity, I don’t want to jump into it without thinking," she says. "I think it China one way vision Manufacturers is amazing because the audience is evolving so much, they are so greedy for the content, which is great..If the sources are to be believed, the young actress has been offered some shows already, but she wants to pick the bets script before venturing into the digital space.Ananya Panday, who was last seen in Pati Patni Aur Woh, has taken the film industry by storm. I am proud of the mainstream actors who are moving to the digital space and not shying away from it," she shares.Ananya adds that she enjoys that the audience demands more from actors now. I am not averse to digital; my dad (Chunky Panday) is also gone into it."I would love to be a part of something like Ghost Stories
In these countries, a range of providers are capable of providing digital financial services to people on the margins of the formal financial system, regulations control for some of the risks inherent in these services, and clear rules mark out spaces appropriate for innovation to achieve greater financial inclusion, the report said..Only four countries - Colombia, India, Jamaica and Uruguay - scored perfectly across all four parameters.South Africa, India, Mexico, Tanzania and Uruguay were among the top countries that safeguard e-money via some sort of deposit insurance or protection.In India, the Reserve Bank of India has prepared a draft National Strategy for Financial Inclusion to deepen financial services coverage in the country.According to The Economist Intelligence Units 2019 Global Microscope on Financial Inclusion report, the overall environment for financial inclusion has improved globally with India, Colombia, Peru, Uruguay and Mexico having the most favourable conditions for inclusive finance.Additionally, these countries require financial institutions to maintain liability for the actions of their agents, ensuring that customers whose nearest access point is an agent do not receive less protection than customers who can visit a bank branch, it added.The long-awaited strategy is expected to be finalised in 2019 and will cover a five-year period.
This type of protection provides security to users of these new technologies, avoids creating regulatory imbalances between different types of institution, and ensures that digital financial inclusion does not place new consumers in the financial system at a disadvantage compared to those transacting with more traditional institutions, the report noted.New Delhi: India is placed among the top nations with the most conducive environment for financial inclusion in self adhesive vinyl terms of allowing non-banks to issue e-money, proportionate customer due diligence and effective consumer protection, a report said on Thursday.In August 2019, the RBI released the Enabling Framework for Regulatory Sandbox (RS), which creates the basis for a regulatory sandbox that will allow fintech start-ups to live-test innovative products and services.Within the overall framework for promoting digital financial inclusion, the report identified four basic enablers - allowing non-banks to issue e-money, presence of financial service agents, proportionate customer due diligence and effective financial consumer protection.The RBI has set up a high-level committee to review the existing status of digitisation and devise a medium-term strategy for increasing digital payments, the report said
The world is undergoing an era of digital transformationand so is e-procurement.India’s first e-Procurement Portal was developed in 2002 when the government of Andhra Pradesh partnered with C1 India.E-procurement systems power businesses in streamlining their processes in a more modern, effective and digital printing materials Manufacturers intelligent way and backing leaders to focus on each area of their business processes. This project has also won the "Best e-Governance implementation" award among GCC countries.C1 is an ISO 9001:2015, ISO 27001:2013 and CMMI Level 5 certified company which reflects their organizational commitment to excellence in delivery, the maturity of processes, and proficient methodologies, tools and techniques.C1 India manages projects with an established set of practices.Say on possible mergers and fundings. The use of procurement technologies has created a competitive advantage for the firms and has diversified the market.Founded in 2000,C1 has expanded to offices across India, Oman and Dubai. It empowers clients across industries to automate the procurement process through rich domain knowledge and a flexible & agile workflow based procurement engine as it is a trusted & preferred partner focused on building tomorrow’s enterprise.Sultanate of Oman project proves C1 India’s another example of contribution in the procurement world.The role of e-procurement in the present era and why is it important?e-Procurement is an automation software for the procurement process which empowers users to easily make purchases. They offer complete SaaS-based On-premises e-Procurement solutions including Catalogue Management, Indent Management, Warehouse Management, Tender Management, e-Auctions, Procure to Pay, e-Marketplace, Supplier Management and Contract Lifecycle Management with intellectual workflow competences.The Procurement automation covers the entire process from the moment a decision is made to make a purchase, through the selection of the goods from catalog or other process, the approval of the order, the placing of the order, the raising of the purchase order, the receiving of that order into the supplier’s system, through to the invoicing and the delivery/receipt of the goods or services.
The two leaders are expected to discuss bilateral, regional and international issues of mutual interest.New Delhi: Prime Minister Narendra Modi will embark on a three-nation tour of France, UAE and Bahrain from August 22 and also attend the outreach session of G-7 meeting at Biarritz in France in which he will focus on how India has been approaching issues of climate change and biodiversity while also showcasing how it has used technology to boost inclusive development.The Prime Minister will receive the Order of Zayed, the UAEs highest civlian honour that was conferred on him in April for boosting bilateral ties.Briefing reporters about the visit, T S Tirumurti, Secretary, Economic Relations, Ministry of External Affairs, on Monday said the award assumes special significance as it was conferred on Modi on the birth centenary year of Sheikh Zayed.Referring to JAM (Jan Dhan-Aadhaar-mobile), he said it was an example of how technology is being used to meet the development needs and aspirations of people for better governance.Prime Minister Modi will first reach France on August 22-23 for a bilateral visit during which he will discuss defence cooperation and regional and global issues with President Emmanuel Macron.Reddy said in terms of digital transformation, India has been showing the way how digital technology can be used to improve governance and make it more inclusive.. In addition to what artificial intelligence is going to be impacting in the times to come and how it needs to be people-oriented and people-centric in terms of its development," he said."So naturally that would be the focus of Prime Ministers interventions.After these visits, Modi will head back to France to take part in the special outreach session of G-7 summit in Biarritz, which will have discussions related to climate change, biodiversity, digital development, and artificial intelligence.From France, he will travel to the UAE and meet Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahayan. He will meet Bahrain Prime Minister Prince Khalifa bin Salman Ali Khalifa and discuss bilateral and international issues. He will be focusing on how India has been approaching these issues domestically, and what more we can do both domestically and internationally in partnership with G7 countries," he said."That would also be Displays & Light-box Materials manufacturers showcased in the session.Suresh K Reddy, Joint Secretary, MER, said developing countries are most impacted by climate change, loss of bio-diversity and also the degradation of oceans.He said Modis visit to Bahrain will be the first by any Indian prime minister to the country
The world’s biggest and best-known cryptocurrency climbed to nearly USD 14,000 in late June, not long after Facebook unveiled its Libra plan. That was still far below its record high of nearly USD 20,000 set at end of 2017.At 2:56 p.2 after hitting USD 190.41, which was its lowest level since May 13.Facebook’s Libra plan, which is seen as a major step for wider adaptation of virtual currencies, has helped stoke this year’s rally in bitcoin, ethereum and other digital coins.12 on the Luxembourg-based Bitstamp exchange.. (18:56 GMT), bitcoin fell 11."Digital currencies will likely recover with bitcoin returning to a USD 11,000-USD 12,000 trading range, Sweeting said.Ethereum, the No.The social media giant is fighting to get Washington onside after it shocked regulators and lawmakers with its announcement on June 18 that it was hoping to launch its own digital coin called Libra in 2020. It fell below USD 10,000 for the first time in two weeks.The cryptocurrency market took a beating on Tuesday with bitcoin losing over 10 per cent in value after US lawmakers grilled Facebook on its cryptocurrency plans, as political and regulatory scrutiny of digital coins intensifies. 2 virtual currency, lost Displays & Light-box Materials suppliers 13.32 per cent to USD 198.m.Other widely followed currencies such as ripple were down 8 per cent on the day.David Marcus, the company’s top executive overseeing the planned Libra project, answered questions from the Senate Banking Committee."Libra is essentially slammed in the Senate," said Lennon Sweeting, head trader at Coinsquare Capital Markets Ltd. During the hearing, a US senator said Facebook was "delusional" to believe people will trust it with their money.69 per cent to USD 9,582. "It’s just headline-driven volatility
The Government has constituted an Inter-Ministerial Committee to examine issues relating to doubling of farmers income and recommend a strategy to achieve that goal by the year 2022."Digital Technology, like Artificial Intelligence, Big Data Analytics, Blockchain Technology, Internet of Things, etc can play a transformational role in modernizing and organizing how rural India performs its agricultural activities," Union Minister of Agriculture and Farmers Welfare, Narendra Singh Tomar told the Rajya Sabha in a written statement. These mobile apps developed offer valuable information to the farmers," said the statement.The Government has also set up 713 Krishi Vigyan Kendra and 684 Agricultural Technology Management Agencies at the district level for the dissemination of technologies among farm community. In addition, farmers are provided information through focused publicity campaigns, Kisan call centres, Agri-Clinics and agri-business centres of entrepreneurs, agri-fairs and exhibitions, Kisan SMS portal, etc."Use of space technology for various programmes/ areas such as forecasting agricultural output, china banner agro-meteorology and land-based observations, horticulture assessment and management, drought assessment and monitoring system, Rashtriya Krishi Vikas Yojana and crop insurance," it added.The committee has appreciated the role of Digital Technology and recommended the development of mobile applications to disseminate valuable information regarding farming, sending crop related advisories through SMS and online portal, launching an online trading platform, improve/create scientific storage capacity, introduce soil health card scheme and providing subsidies."The Indian Council of Agriculture Research (ICAR) has compiled more than 100 mobile apps developed by ICAR, state agricultural universities and Krishi Vigyan Kendra and uploaded on its website..New Delhi: In a bid to double farmers income by the year 2022, the Ministry of Agriculture and Farmers Welfare is set to use digital technology to modernise and organise agricultural activities in rural India
24x7 accessibilityWhile multiple factors have contributed to the EdTech boom in India, accessibility is the primary reason why digital learning is becoming commonplace. This feature can be particularly beneficial for those unable to attend the class in person.Personalized approachBack in the 90s, most educational institutes followed the one-size-fits-all, rote-based method of learning. For instance, personalized learning app Toppr has achieved a seven-fold increase in its user-base within two years. These changes have worked in favour of students who now have the liberty to learn at their own pace, self-evaluate and introspect. Given the pressing issues like skills-gap and low-employability rate in India, a personalized learning approach can help students gain a better understanding of a subject. According to a 2016 report by Google and KPMG, the EdTech industry in India is expected to touch almost USD 2 billion by 2021. In fact, there are many e-learning portals that allow students to take mock tests and self-assess themselves. 88 per cent of parents and 84 per cent of teachers seek digital, video-based content to supplement what is being taught inside classrooms, as per a Digital Education Survey conducted by Deloitte in 2016. India’s dated education system, however, has undergone major transformations in the past few years. With educators and policymakers finally realizing the importance of digital learning, top educational institutes across the country are now turning to EdTech platforms. Today, a learner-centric pedagogy that focuses on the individual’s strengths and weaknesses is the need of the hour. Thanks to the increased usage of smartphones and the internet, students can get 24x7 access to study materials, notes and qualified mentors from the comfort of their homes.
This rigid pedagogical approach was followed for decades, leaving little to no scope for interactive learning. New-age EdTech platforms incorporate advanced algorithms to a student’s behaviour and then suggest questions appropriate for their level, slowly raising the difficulty until they meet their learning goals.EdTech platforms have undeniably changed the face of India’s education sector.Breaking geographical barriersThe scope for higher education is limited in small towns and rural parts of India. This explains why both they have embraced tech-enabled learning tools with open arms to acquire additional knowledge outside the classroom. While it may have been effective at that time, the requirements have changed.Audio-visual learningNumerous studies have shown that audio-visual learning facilitates improved understanding and higher retention of facts.EdTech platforms making learning interactive and accessible to allEdTech platforms have reimagined the education landscape by making learning more student-centric and engaging. Students, too, are relying on EdTech platforms to get access to video-based learning modules to clear their concepts. Needless to say, the round-the-clock accessibility has helped thousands of Indian students who often find it futile to ask questions inside their overcrowded classrooms. To address this issue, EdTech companies have come forward with their extensive offerings that range from free online classes to proper guidance. The report further stated that the growth will be impelled by the rising number of paid users subscribed to the e-learning portals. This, in turn, enhances the flex manufacturers overall learning experience as well the performance of students. Especially, the public education sector is not well-equipped to support high-potential and ambitious students. -- Mr Zishaan Hayath, Founder and CEO, Toppr.Up until the 2000s, a standard classroom in India included two common components – the teacher giving lectures standing in front of the blackboard and students passively listening while taking down notes. The advent of learning apps, video tutorials and peer-to-peer discussion portals has not only enabled students to take ownership of their learning, but also bolster their critical-thinking and problem-solving skills. The findings clearly indicate that a shift is taking place; students are opting for internet-based smart learning over classroom-confined learning. Moreover, EdTech platforms also allow them to attend live lectures
The solutions offered by Identity Devices will make it easier than ever before for Digital Identity, IoT and FinTech device makers to add biometric features that allow them to connect more securely to popular authentication and identity ecosystems. Our pre-certified and easy-to-integrate products directly address the needs of a wide range of device makers to quickly innovate and differentiate their products with biometric experiences and ecosystem integration. Biometric Privacy Platform increases ease of convenience, personal privacy and data security by putting residents in charge of how their Aadhaar data is used.Biometric Privacy Platform adds a privacy and consumer-choice layer on top of Aadhaar online and offline authentication modes. Devices that have integrated BPP and its authentication modalities enable user interaction to make dynamic choices at the time of each authentication event. This principle can have no better validation than when it is applied to the Aadhaar user. Under the partnership agreement, Identity Devices will include fingerprint and iris biometric technology from Fingerprints in new products and pre-certified integration kits that make it easy for device makers to add frictionless multi-modal biometric experiences and enable local authentication and access to global and national authentication ecosystems.According to Mr.
The online authentication capability and biometric capture capabilities will also be fully compliant with the UIDAI certification requirements for multi-modal biometric authentication (Face, Finger and IRIS)..Aadhaar is the world’s largest biometric Digital Identity program with more than 90 percent of Indians linking Aadhaar to most government and non-governmental services such as those related to taxation, cooking gas subsidy, banking, passports, and so on."Adding to this, Mukesh Singh, VP, Sales and Marketing, Identity Devices, India, said, "There is enormous demand for fingerprint and iris authentication in India now that systems like Aadhaar have demonstrated the ease-of-use, viability and economic benefits of multi-modal biometric China wall paper Suppliers authentication at very large scale. BPP’s QR Code offline authentication capability is fully compliant with the Aadhaar act, current Supreme Court rulings, UIDAI requirements and other government policies."Identity Devices recently partnered with world-leading biometrics company Fingerprint Cards (Fingerprints) partnership to accelerate biometric adoption in the global Digital Identity, Financial Technology (FinTech), Internet of Things (IoT) and other innovative, fast-growing vertical markets. We are delighted to be able to offer to the Indian market an instrument which addresses the very valid concerns of people regarding their sensitive personal data. David Burnett, CEO and Founder, Identity Devices, "Identity Devices is committed to the principle that individuals should have power over their personal data, what and when to share it, and how it is used.Identity Devices Sweden AB (Identity Devices), an innovative new digital identity and biometric technology company, announced an innovative new Biometric Privacy Platform for the Aadhaar ecosystem to enable greater data security, privacy, consent, and confidentiality. Biometric Privacy Platform (BPP) consists of authentication hardware and software for the Aadhaar ecosystem, preserving convenience while increasing personal privacy and data security and putting the resident in charge of the use of their Aadhaar data including picture, name, address, mobile number and more
Earlier, the civic body used to supply remedial teaching material through worksheets and cards, which are now being sent to schools ward-wise in a digital format comprising audio and video lessons.Mr Palkar told this newspaper, "Unlike other school students, our children do not take tuitions or coaching classes, given their financial background. The copies were specifically made by experts after understanding the needs of students in civic schools."Adding to this, to ensure that the copies reach every school from the ward offices/officers, the department has created an online database where schools have to issue a memo every year mentioning the performance of students after attending remedial learning. Every school in every ward gets this facility and teachers, too, are accordingly given training regarding the same. "We have received a set of pre-made copies from the department which are colourful and lively. These copies are directly shown on the big screen using visual learning and computers or in the audio-visual room where these students can learn," said Mahesh Palkar, education officer, BMC.. For such students, we bring life into the lessons with the help of colours, figures, real-life examples or basically sensing the obstacles in their understanding and removing them with personalised techniques," explained Suresh Chavan, a teacher.Mumbai: The education department of the Brihanmumbai Municipal Corporation (BMC) has initiated "remedial digital teaching" for civic students. This kind of teaching is being used for Class 1 to 5 students of both Marathi and Urdu medium."In Floor Graphics every class, there are some students who fail to understand several things as their pace is different from the rest of the students. Hence, whatever they learn, schools, teachers and lessons in the classroom are the only medium. Remedial education is vital for students falling behind in core academic areas.Remedial teaching has been followed in schools since 2010 however they have now made digital equipment available for better results
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