Business

India is Poised for Next Evolution Arc in Financial Services with Neobanks: Report

New Delhi (India), September 29: With about 58.4% population underbanked in India, Neobanks have immense potential for growth in tier-II and- III rural segments of the country, a report “The Evolution of Neobanks in India” launched at the Global FinTech Fest indicated.

On day two of the Global FinTech Fest 2021 (GFF 2021), Jitendra Gupta, Chairman of the FCC’s Neo Banking committee and CEO of Jupiter Money; Anish Achuthan, Co-Founder and CEO, Open Financial Technologies; Anurag Sinha, Co-Founder and CEO, FPL tech/One Card and Vivek Belgavi Partner, Technology Consulting, Alliances & Ecosystems at PwC, released a report on “The Evolution of Neobanks in India”. The Neobanks strive to achieve superior digital experience, superior customer experience.

The report highlights that India is witnessing a dynamic shift towards digitised banking services provided by FinTechs for a niche set of customers. Since Neo Banking is a fast-evolving segment, it will be important to assess its impact on other stakeholders such as banks, customers, regulators, etc.

The Neo Banking committee formed under FCC aims to be the voice of the industry and assist the regulator and government of any regulations to be proposed for the sector.

On occasion, Mr. Anish Achuthan, Co-Founder and CEO, Open Financial Technologies who is also a member of the committee, said, “I am glad that FCC has taken the initiative to create the neo banking report for the Indian market. Neo banking is the future in the Fintech space, and the industry deserves to know more about the segment”

Globally, the Neo Banking space has witnessed strong growth across geographies, both in the Western hemisphere – particularly in North and South America, the UK and Europe, as well as in the APAC region. The Indian Neobank landscape has seen some significant traction and exponential growth over the last two years. There is no specific license/regulatory approval for Neo Banking yet. Hence, India does not have a concept of digital banks/ challenger banks unlike some of the global counterparts. Neobanks in India have banking partnerships at their core. This is one of the core differences between global and Indian Neo Banking models.

“The report is very timely in recognizing the critical role Fintech innovation like Neobanks can have on the growth trajectory of small and medium businesses in India. RazorpayX is proud of being able to help small and medium businesses unlock the next phase of digital growth. The Government’s unwavering commitment to Digital India and its focus on building world-class infrastructure has been instrumental in helping fintechs like ourselves widen our pool of services and cater to the differentiated banking needs of MSMEs and startups,” said Mr. Harshil Mathur, Co-Founder and CEO, Razorpayand member of the committee.

Over the last decade there has been an increase in use of cutting-edge, tech-enabled solutions in the banking sector. Currently, India has over 18 Neobanks. These tech-enabled solutions have also given rise to Neo Banking business models in the country. Currently, the Neobanks offer products that touch across all the three financial regulators viz. Reserve Bank of India, Securities Exchange Board of India (SEBI) and Insurance and Regulatory Development Authority of India (IRDAI).

Mr. Sujith Narayanan, Co-Founder and CEO, Epifi Technologies (Fi Money), said, “We are delighted to partner with FCC in creating the seminal report on neobanking in India. Neo Banking is a significant opportunity to address the unique banking and financial needs of digital-first consumers in partnership with banks and other ecosystem players.”

In a few years from now, the Neo Banking space is expected to further stabilize with the business models/products that the entities have to offer, and regulators, akin to its global counterparts, may look at directly regulating the Neobanks.  Given their technology prowess and innovative business models, Neobanks have the potential for further value-addition and growth.

Global Fintech Fest is organised by Fintech Convergence Council and Payments Council of India, the two councils of Internet and Mobile Association of India (IAMAI) and National Payments Corporation of India (NPCI). The Fest is presented by the Ministry of Electronics and Information Technology, Government of India, Reserve Bank of India and supported by NITI Aayog, Central Bank of Kenya, Startup India and Invest India.

The World Bank, United Nations Capital Development Fund (UNCDF), RBI Innovation Hub are the institutional partners of the summit. About 75 partners have collaborated for the summit, including Razorpay, Amazon Pay, WhatsApp, Google Pay, Open Digital Payments and Cashfree Payment.

Business

your-space promotes Venayak Saran Gupta as Chief Revenue Officer and appoints Shaunik Sachdev as Chief Marketing Officer

New Delhi (India), September 29:  Premier student housing brand, your-space has announced two major appointments in their top management. Venayak Saran Gupta, an ex-BCG consultant who joined the company as Head of Growth & Business in 2019, has been promoted to Chief Revenue Officer. He has overseen rapid growth in the company’s footprint from 1000 beds in 4 cities to more than 6000 beds in 10 cities.

your-space has also brought on board Shaunik Sachdev as Chief Marketing Officer, who brings over ten years of industry experience. Shaunik has worked with multiple real estate brands across the globe and was also responsible for building the We Work marketing team in India. He has spent time working with media and digital marketing houses like RepIndia, Dentsu Webchutney.

your-space CEO, Nidhi Kumra said, “One of the interesting shifts post-COVID for the student housing segment has been that customer discovery and acquisition has moved entirely online. We have seen 50%+ m-o-m growth in the number of users on our website over the last ten months with 95% of our leads being acquired through digital channels and ~50% of them acquired organically. We feel Shaunik, with his deep domain expertise, is well-positioned to help us leverage this shift in consumer behavior. With Venayak, it was a planned transition into a larger role. He has been managing the B2B partnerships and property acquisition verticals over the last two years. Given our outlook for rapid growth, we felt it was the right time to move him into the CRO position and build out the sales, property acquisition and marketing teams under him.”

Talking about his role, Venayak Saran Gupta said, “The journey with your space has been very exciting. We’ve gained ground during the last 15 months, expanding from 2300 beds pre-COVID to ~6000 beds post-COVID. With a revenue per bed over ~1L, we are there or thereabouts as the second-largest student housing player in India (in terms of revenue). The last two years have allowed me to put together a fantastic property acquisition and sales team. Now with Shaunik coming on-board, we’ve got a great leader to grow the internal marketing team under. I believe now is the time for us to put our foot on the gas and grab market share in our key cities.”

Commenting on joining your-space Shaunik Sachdev -“with life slowly resuming back to normal and students eager to get back to colleges with necessary precautions, the student housing sector is something I am extremely bullish about. Our consumer’s journey is primarily online, which allows us to grow our presence and create unique touchpoints in an otherwise relatively offline industry. Having traversed a similar path of hyper-growth with We Work, I am keen to use my experience in the growth of your-space. The vision of our founders along with the dynamic leadership team gives me confidence that there is only one direction for us.”

your-space is the second largest student housing company in India, housing ~6000 students across ten cities. With its four pillars of safety, comfort, health and community, they look to provide an enriching living space for well-balanced student life. Where students can focus on their college life while leaving all the hassle of food, housekeeping, wifi, maintenance, security etc., to the your-space professionals. The your-space residences and community engagement programs are designed to allow the students to express themselves and grow.

 

Lifestyle

The Elephant at The Dinner Table by Amit Nagpal – A Journey into Experiential Leadership

Pune (Maharashtra) [India], September 29: The fear of not being good enough, unfulfilled potential, anxiety around the future, finding a purpose-driven career, inability to harmonise between work and life lack of meaningful work – do you resonate with these challenges? Have you been trying to figure out how to address them? Do you believe expert guidance can help you uncover these questions and enable you towards solutions and fulfilment?

If your answer is yes, then the book ‘The Elephant At The Dinner Table’ authored by Amit Nagpal, launched earlier this month, is the right pick to give you compelling solutions to your queries.

“This book is all about sharing my experiences via 33 real-life short stories and anecdotes to encourage readers to stay curious, learn from leaders, engage better with teams, and more. This book chronicles my journey as a young boy from a small town with limited resources, who began as a Medical Representative in 1988 and ended up as the Head of Training at Infosys BPM in 2010”, shares Amit Nagpal. Amit is a Leadership Facilitator, ATD Master Trainer™, Co-Active Coach ®, Performance Consultant, Global Speaker, and an Author.

In his view, this became possible primarily because of the following reasons:

  • Curiosity
  • Risk-taking
  • Focus on strengths
  • The attitude of a team player
  • An advocate of lifelong learning

The book authored by Amit Nagpal weaves real-life experiences of over 31 years, with five years of dedicated research, interviews with successful leaders across the globe and a beneficial resource bank. “I wish to take these learnings to the larger audience to inspire them as they progress towards their leadership goals and hence, this book”, he adds.

The target audience for the book is management students, aspiring, entry-level and mid-level leaders. Eight topics are chosen and validated via his interactions with over 300 leaders and management students spread over five years.

These are:

  • Employee Engagement
  • Emotional Intelligence
  • Strength-Based Leadership
  • Client Connect
  • Culture
  • When Leaders make mistakes
  • Learning by following- seeking Mentors
  • Becoming a Learner for Life

The book’s format is simple and easy to understand –

  • What did I learn?
  • What does academia say? (Deep-dive research)
  • What do the leaders have to recommend? (Best practices and more).

“A valuable resource guide for leaders and management students” is the foreword of Raman Roy, Former Chairman at NASSCOM and MD at Quatrro Global Services.

“I have also curated a handy digital “Learning Wall” accessible 24*7 on any device. (Link is available in the book). It has a list of resources (i.e., links to articles, books, and video links to take a deeper dive and explore the topics further). I keep updating the Learning Wall every month to ensure the content stays relevant and fresh”, says Amit.

The 207 pages book, ‘The Elephant at The Dinner Table’, has been published by one of the top publication houses, Rupa Publications and is available on Amazon and Flipkart (hardcover and Kindle versions). The hardcopy is priced at Rs.500 and the kindle edition at Rs. 445. https://amzn.to/3yIs5jL

ABOUT THE AUTHOR:

Amit Nagpal is a Leadership Facilitator, ATD Master Trainer™, Co-Active Coach ®, Performance Consultant, Global Speaker, and an Author. He has worked with global organisations such as GSK, NIS/NIIT, GE, Wipro, Cognizant and Infosys BPM at senior positions. Amit is the former Training Head at Infosys BPM. His passion and curiosity around leadership development are what inspires him to help build better leaders for tomorrow. He works with clients worldwide and enables individuals, SMEs, and corporations to become better versions of themselves through Wholistic Leadership™ learning journeys and programs.

His primary mission is to encourage leaders to make purpose-driven decisions, dealing with real-life business scenarios and personal challenges.

www.amit-nagpal.comwww.pursuitica.com

www.linkedin.com/in/amitnagpal-leadershipenabler

Business

Cyble Appoints Former Cognition IP Executive Uday Pulleti as Senior Director – AI

Alpharetta (GA) [USA], September 29: Cyble, an AI-powered, Y Combinator-backed, cyber threat intelligence company that empowers organizations with darkweb &cyber crime monitoring and mitigation services, today announced that Uday Pulleti, former Director of AI at Cognition IP, has taken over as the Senior Director – AI at Cyble.

A core AI technologist with more than 15 years of expertise in conceiving new ideas, developing algorithms, and enabling the productization of complex systems, Uday has led several products in the domains of legal tech, smart home, smart city, and smart industry. In his new role at Cyble, Uday will be entrusted with mapping out and delivering the AI technology roadmap for the organization. In addition to being responsible for brainstorming new advanced technology solutions, his efforts will be directed at advancing automation, fostering knowledge discovery, decision-making and insights, and streamlining business processes for enabling new capabilities.

Commenting on his appointment, Uday said, “I am incredibly excited to be joining the leadership team at Cyble. Data breaches and cyberattacks continue to increase at an accelerated pace, affecting enterprises and individuals, making real-time visibility into cybercrime an absolute necessity. Cyble is at the forefront of providing real-time cyber situational awareness. Moreover, AI systems have a high impact in untangling the transient and anonymous darkweb and providing insights, contexts, and connections that are highly difficult to spot. I’m thrilled to have the opportunity to construct such systems along with the talented and driven team at Cyble.”

In his former role as the Director of AI at Cognition IP, Uday has led an efficient team of ML engineers to conceive, design, and implement NLP products, thereby resulting in a 30% improvement in the operational efficiency of the organization. Prior to Cognition IP, Uday was the Principal Research Scientist at Honeywell Global Labs, where he led the development of cloud-based object detection and classification platform, besides spearheading the development of different machine learning algorithms for video surveillance/security for smart home and smart city applications.

Manish Chachada, Co-founder and COO of Cyble, says, “At Cyble, we are excited to have Uday guide our efforts as we keep growing and scaling. His proven thought leadership, execution excellence, and holistic approach to problem-solving will help Cyble on its mission to optimize our product Cyble Vision and successfully build a world-class cybersecurity experience for our clients.”

“We’re delighted to add Uday to Cyble’s leadership team. He brings a thorough understanding of the AI landscape coupled with a rich knowledge of cybersecurity, which plays a definitive role in Cyble’s mission. Uday’s excellent leadership and passion for cybersecurity will support Cyble as we continue to grow and pioneer a new standard for cyber health. With Uday on board, we can more conclusively curate unique experiences for our customers.” says Beenu Arora, CEO and Co-founder of Cyble.

About Cyble:

Cyble is a global threat intelligence SaaS provider that helps enterprises protect themselves from cybercrimes and exposure in the Darkweb. Its prime focus is to provide organizations with real-time visibility to their digital risk footprint. Backed by Y Combinator as part of the 2021 winter cohort, Cyble has also been recognized by Forbes as one of the top 20 Best Cybersecurity Start-ups To Watch In 2020. Headquartered in Alpharetta, Georgia, and with offices in Australia, Singapore, and India, Cyble has a global presence. To learn more about Cyble, visit www.cyble.com.

For more information, please contact:

Email:Enquiries@Cyble.com

Mobile: +1 678 379 3241

 

Business

Growth of the Content Writing Industry with Digital Advancement

September 29: Do you wonder what the future of content creation will be like if you’re a writer with a passion for writing? You’ve probably heard what is content writing and also that content writing is a tough business to break into and that the writing market is becoming increasingly crowded.

The good news is that demand for content writers is rising as more freelancers enter the area of writing. The digital industry has grown at an unparalleled rate and continues to do so. It’s not surprising, then, that consumers are consuming more digital information than ever before as a result of technological advancements.

As more businesses expand, there is a larger need for additional material to assist those businesses in growing. While content creation is a highly competitive industry, there is an increasing demand for writers who can produce high-quality content. It’s the words that help companies sell and make money.

What does all of this imply? If you’re a content creator or want to know how to become a content writer or attempting to break into the industry, this is great news for you.

The demand for bloggers has been rising as millions of blogs are created every day. As a content creator, this expands your options for publishing your work on other people’s blogs.

Another industry that is rising at breakneck speed is copywriting. With more products reaching consumers, there is a greater need to advertise them. Content marketing is becoming increasingly popular as a way for businesses to sell their products and make money.

In order to assist businesses to promote interaction, content creation and copywriting have now been combined. Nothing compares to the power of convincing content that can draw customers in like a magnet. Aside from that, you’ll need to understand the fundamentals of SEO in order to improve your Google search ranks.

If you’re a content creator rather than a freelance writer, for example, you’ll position yourself as someone who adds value and drives traffic. You will write material that will assist businesses in generating more leads. To accomplish so, you’ll need to be well-versed in your field and be able to write in a compelling tone, and taking a content writing course will definitely guide you towards the right path.

Skills Upgrader offers the best Content Writing Course with the guidance of industry professionals and accredited by successful businesses. Skills Upgrader, they have well-structured modules that provide the best internet practices for producing high-quality content. They have an approved and SEO-friendly content development course that provides in-depth content writing knowledge.

The true consequence of this Skills Upgrader Content Writing Course resides in its hands-on assignments. The assignments of the course are split into module-based assignments. Completion of these assignments along with the online content writing training will ensure to make your training practical so that you are ready to face the real competitive content writing industry ahead.

Customers will have to choose what to read as the amount of content provided grows. Within the market, companies and individual brands will confront strong competition. As a content developer, this implies that your work must stand out and be extremely engaging.

Consider the products on a store shelf; it’s difficult to choose the one that best suits your needs. Companies will generate content to attract customers to their brand as a result of the requirement for more value-driven content. As a result, businesses will have to rely on high-quality content to increase product sales.

Content creators have a promising future ahead of them. Although there is tremendous competition for freelance writers, the writing profession is developing at an unparalleled rate. As a result, demand for content makers is considerable and expected to continue to rise.

If you’re a writer trying to get into the profession, there are a variety of options available to you, but one thing remains constant: your work must be of excellent quality in order to stand out.

 

 

Business

MediaDekho.com A platform for PR and advertising creating impactful brands stories

Whether you are a start-up, MSME or a Fortune 500 company, infusing PR in your marketing strategies is of utmost importance

September 29: MediaDekho.com is inviting companies & Startups to share their Brand Stories for publication. Media Dekho Services Private Limited is not just a PR company; it has become a communication partner for many national and international brands emerging startups and companies to help for their successful marketing and PR campaign.

Past few years, our country has emerged as a perfect place for start-ups, MSME companies now; India is one of the most vibrant economies in the world.

Today all such business needs good publicity and brand awareness about their products and services or their brand for every business to survive they must gain awareness in the market. Then the role comes for a Good PR and Media company to help these emerging companies to create their Unique Identity in the market.

MediaDekho.com has become a trusted platform to provide guaranteed and affordable PR Public relations and Content marketing services in the industry for national and international brands.

MediaDekho.com has been associated more than 100 plus leading Publication with Digital National news channels and Business sites along with all leading National Magazines and Tv channels to create specials shows to promote start-ups and entrepreneurs.

Mediadekho.com is a new age media venture with complete focus on integral media solutions for creating impact, driving growth and visibility by providing a wide variety of brandings and advertising solutions with integration of online, Print and TV, Content and influencers marketing approach with Registered Name “Media Dekho Services Pvt Ltd. 

Mediadekho.com has a skilled team of young experts who complete media plan for every sort of advertising company has a proven track record of assisting businesses to explore what advertising channels make the most sense for their service or product.

Founder & CEO of MediaDekho.com Atul Khampariya Stated that Marketing and PR are important tools for every company to get recognised and survive. The beauty of PR is that it allows you to mould your growth into a story. A story that can be shared with your consumers and prospects.

Mediadekho.com, A Platform for media advertising, dealing all the leading nationals Publication in Digital PR and Print Media, Leading business magazines like Forbes, Fortune India, India Today from outlook to The Week and other publications along with premium digital National news and business sites like Times of India, Zee News, Economic Times, BusinessStandard and many more.

Mediadekho.com has become 1st choice of brands to share their brands stories in many platforms If the story is interesting enough, it shall be shared and re-shared by everyone around. And this is where the magic happens.

Considering how vital the concept of authority is in content marketing, PR gives you the insider track to becoming a highly sought-after company. With the support of relevant backlinks taken from the media houses, your website can rank better on search engines without any added investment. That’s an effortless SEO practice right there.

The internet is written in ink, and hence, your published piece shall forever stay in place, giving you a resource to go back to. A series of well-curated PR articles makes you a leader that people can go to for relevant information.

Branded content, while necessary, is not enough in its own capacity. Organic recognition is time-consuming and can hit your profitability pretty hard. After all, what’s the use of content if no one is reading it.

PR also helps build relationships with the people who matter. Mutually beneficial associations with marketing and industry leaders keep you ahead of the competition.

MediaDekho.com market your brand through an Omnichannel outlet that takes care of all your promotional activities. Irrelevant of your size, our team develops the right strategy that boosts your brand recognition on all media platforms MediaDekho.com is Providing media options for Print – Leading Business Magazines -Digital PR Channels and Specific TV shows.

So, publish your brand story the way you want on various Publications at one call@8743860208 or mail us at marketing@mediadekho.com

Education

Vajiram and Ravi Lead the Pack as UPSC Declares Results For 2020 Exam

Vajiram and Ravi have been producing AIR 1 rank in the Civil Services Exam, almost every year for the past more than 20 years

New Delhi (India), September 27: With UPSC 2020 results declared last Friday, the temperament of civil service aspirants has been jubilant. Calls, hugs, sweets, happy tears are all over the place as these aspirants see their dreams of entering civil services fulfilled. While parents, families and friends praise the sincerity, dedication and perseverance of these aspirants who have cracked the examination, candidates credit this success to their mentors. One such institute which has been mentoring IAS aspirants for the last four decades is Vajiram and Ravi.

This year, a total of 761 out of which 216 female and 545 male candidates have been recommended for appointment. A total of 10564 candidates qualified for appearance in the Written (Main) Examination which was held in January 2021. A total of 2053 candidates qualified for the Personality Test of the examination.

Building strong candidature based on quality preparation & teaching excellence is Vajiram& Ravi’s core ethos since 1976. Vajiram and Ravi has once again continued with their glorious performance this year as well. This year in Civil Services Exam 2020, its students have achieved six ranks in the top 10 ranks, 31 students in the top 50 ranks and 64 students in the top 100 ranks. Overall, more than 400 candidates out of 761 have secured ranks in the final merit list of CSE 2020.

“Many congratulations to all the successful candidates of the Civil Services Exam 2020. Now you are entering the world of challenges, opportunities, and responsibilities. We wish you all the best in serving the people of this nation. It is a matter of immense pride for us that 6 out of 10 CSE 2020 toppers are Vajiram and Ravi Students, Including Shubham Kumar, Jagrati Awasthi and Ankita Jain, who have secured All India Rank 1,2 & 3 respectively. For those students who did not get the desired result in the Civil Services Exam 2020, be consistent in your preparation. With perseverance, you shall succeed. Vajiram& Ravi promises its continued high standards in coaching for the success of its aspirants. ” Said, Ravindran, Director of Vajiram& Ravi

Women are conquering the world. With surpassing every realm women are now taking centre stage in civil services as well. From dominating the skies to breaking age-old tradition women are doing it all.

Ankita Jain, Mamta Yadav, Apala Mishra and Ria Dabi have followed examples set by Tina Dabi, 2015 IAS Topper. Incidentally, all these three women toppers have been mentored by Vajiram& Ravi.

Ecstatic at how these three bright women have scored at the UPSC, Mr. Ravindran couldn’t control his happiness. Wishing them, he said, “Congratulations to Ankita Jain, Mamta Yadav, Apala Mishra and Ria Dabi for securing 3rd, 5th, 9th and 15th Ranks in Civil Services Examination 2020. They had studied General Studies Prelim & Mains programme at Vajiram & Ravi. We are proud of your achievement.

Tina and Ria Dabi, both topper sisters, studied at Vajiram and Ravi. They both were students of the General Studies Prelims cum Main programme 2014-15 and 2019-20, respectively. Both sisters got into IAS on their first attempt.

 

Business

The Entrepreneurial Journey of Ajit Singh Chaddha

New Delhi, Sep 26: It takes a lot to become a successful entrepreneur and a businessman. You not only strive to achieve your dreams but also introduce new ideas to society. Additionally, one needs to possess excellent organizational and people management skills to build the organization or the venture from scratch. To ensure the success of the firm, they must also work well with other stakeholders.

Ajit Singh Chaddha is one of those established and significant entrepreneurs, businessmen, and social activists who have broken all the obstacles of the path and have set an example to the world. He is one of the inspirational leaders of India that today’s generation looks up to as an inspiration. He is associated with various prestigious projects and technologies spread over different parts of the world.

The Journey of Success-

The journey to success is never easy. An entrepreneur encounters many obstacles in addition to pulls, pushes, and many other driving forces along the way. They need to evolve, improvise and cope with uncertainties. The journey to the top was arduous for Mr Singh as well. Even after experiencing pains, barriers, and sufferings, he was more determined to “make something of himself” from these events. The internal driving forces helped him solve his problems to actualize new business potential against all odds.

He was born in the beautiful city of offerings, Allahabad, Uttar Pradesh, 1st March 1972. At a very early age, he realized and observed the growing opportunities in central and western India. In a bid for a successful career, he shifted his focus to Lucknow in 1989.

Mr Chaddha’s new growth strategy resonated with his vision for the future, and this was the break he was looking for, and afterwards, there was no turning back. The connections and network that Mr Chaddha built with the corporate bigwigs and elite grew exponentially, so did the opportunities.

Mr Chaddha then gradually shifted shores from Mumbai to Dubai, UAE, which helped him develop dexterity and increased his impetus to fructify his dreams and take them to the next level.

As time passed, Mr Chaddha realized that in the age of blockchain technology and the rise of bitcoin and Ethereum as digital currencies, digital assets are the only way forward became clear. The development of blockchain technology and blockchain-based currencies like bitcoin and Ethereum only strengthened Chaddha’s viewpoint that asset digitization is the only way for assets to move forward.

We must resonate with the reality that success does not depend on just resoluteness, thoughts, and innovative strategies unless they find a ground for execution. To make it happen, you must create the opportunity for yourself. Mr Chaddha, with all his efforts and dedication, has successfully managed to reach the top and spread his reach and contacts with global leaders.

Current Projects-

In his latest project, Mr Chaddha is creating a hybrid provably reliable blockchain that will allow for up to 30000 transactions per second and 2 million writes and incorporate the hyper ledger blockchain fabric with its byzantine fault tolerance architecture.

His current project of DEFITT is planning to enter the Indian market along with his exchange which will be one of a kind. He has assured that investors will receive security and account feasibility with an easy to use interface.

DEFItt-

DEFItt is a decentralized digital currency that is free of complete censorship and accessible to anyone. It is built on the BEP-20 token standard, powered by the Binance Smart Contract Blockchain. DEFItt aims to give financial freedom by decreasing boundaries and being supportive of individual and business opportunities. It is associated with the cryptocurrency market, which has never been more transparent, lets users transact at lower prices. Through crypto data, it gives a real-time understanding of transaction volumes. DEFItt transactions are on transparent open-access blockchains, which are visible to anyone on the network at all times. A wide range of users uses DEFItt, including individuals, businesses, and exchanges. It is an investment vehicle that helps investors gain profits. Users can send, receive, trade, store, buy and sell with DEFItt.

Financial Tech Token (fTT)-

Financial Tech Token-FTT is a buy, sell, store and earn enabler. It runs on Binance Smart Chain, which adheres to the BEP-20 standard. FTT does not suffer from the price volatility associated with cryptocurrencies since it directly links to real-world assets. It maintains price stability with an advantageous transactional speed. Since it runs on the Binance blockchain, FTT provides speedy processing, anonymity, and security. It allows individuals and businesses to transact almost immediately and with minimal fees. It offers stable, secured, and sustainable financial infrastructure so users can focus on growing their core business and cater to their other needs. FTT is paired with DEFItt, a decentralized token, giving users more options.

DEFItt Verticals-

  • DEFITT Play– One-of-a-kind gaming site enabling users to play and win FTT. The games include Casino, Betting, and line games.
  • DEFI Start up– A Perfect platform to bridge the gap of your dreams. Your project can yield you the results that you have been looking to achieve. If you submit your project, they will connect you with the right investors who can help you financially and strategically.
  • DEFI TradeX– You can buy and sell any cryptocurrency. The market will determine the worth of the currency. You can also interchange and convert any cryptocurrencies here.
  • DEFI Buzaar– An E-commerce solution for all your needs. It provides high-quality products from the world to your doorsteps. Get products and services ranging from flight bookings to grocery shopping. It promotes small and medium businesses into the world market.
  • DEFI Swipe Card– the Visa Debit Card will offer you all possibilities to pay daily! Unlimited all over the world. Take the chance and go shopping with your loved ones once and bring a smile to the face just by having your swipe card on your side.
  • DEFI Kampus– Kampus provides access to Universities and Colleges around the world. You can study varieties of course and show the world that it is easy to achieve.
  • DEFI Landscape– It offers you high potential clients who are able to buy your property, even outside the country. Without any disruption, you can have immediate access to your money.
  • DEFI Nirvana– It provides worldwide access to the Best Doctors, Hospitals, and nutritional’s. It believes health is all about eating good food and being active. You can search for the right treatment and get it done.

An entrepreneur with social responsibilities-

Ajit Singh Chaddha is a perfect example of an entrepreneur.

When Mr Chaddha’s business prospered, he stepped outside of his comfort zone and started thinking of adding a social aspect to the fabric of his character. His charitable contributions total more than 50 million dollars, and he takes care of countless underprivileged families. His household and charity work cover all regions and religions due to his secular nature. He has made an Ann Daan center in Ambernath, Maharashtra. With the establishment of a Sikh gurudwara in Iran, followed by the construction of a Shiv mandir in Kashmir, another one in Kerala, Mr Singh has contributed a lot to society. He rallied around the Sikhs when they were not allowed to wear turbans in Europe, leading a delegation to the authorities who finally agreed to his demands, and now the Sikhs can continue to wear their turbans with pride.

Mr Chaddha is one of the role models for youth who hope to emulate him. He is known as a leader and influencer who believes that the future is incredibly bright digitally, and one must not stop following their dreams.

Education

Canada Surpasses the U.S. as Top Study Destination of Choice for Indian Students in 2020

U.S. enrollment sees decrease of 4 percent: IIE-IC3 joint report

Mumbai (Maharashtra) [India], September 29: Canada saw a 431 per cent growth in international student enrollment from India in five years, increasing 161,351 students from 2015 to 2020, says a joint report by the IC3 Movement and the International Institute of Education (IIE) titled “International Student Mobility Flows and COVID-19 Realities”.

The rapid growth in Canada is evident when compared with the United States. The United States also saw an increase in the total number of students from India. However, the increase of 60,236 students only resulted in a 45 per cent growth, signalling that over the past five years, students from India enrolled at higher education institutions in Canada in greater numbers and a much faster rate than in the United States. In 2020, Canada surpassed the United States and became the leading host of students from India pursuing higher education.

The number of Indian students in the United States declined for the first time in seven years, decreasing by 4 per cent in 2019/2020, driven primarily by declines in Indian graduate students and those pursuing Optional Practical Training.

The flow of international students crossing borders to pursue educational opportunities has been significantly affected by the COVID‐19 pandemic, causing higher education systems worldwide to consider the context and realities of global academic mobility before and after the health crisis. The joint paper by the Institute of International Education (IIE) and IC3 analyze significant international student mobility trends before the COVID‐19 pandemic, the role of host countries in offering academic opportunities to international students, and the increased competitiveness among countries to attract international students. The report provides an overview of the global mobility flows to and from major world regions in the 2019/2020 academic year and considers the effects of COVID‐19 on global student mobility and how the pandemic has comparatively affected international students and the countries that serve as their hosts.

Vivek Mansukhani, Head, IIE India, said, “The challenges of the pandemic will create opportunities for a breakthrough in international education. Higher education institutions worldwide are working hard to provide options for international students, including hybrid instruction models and other options for study. Their efforts to support international students and maintain a welcome environment through increased communications, mental health and well-being services, financial support, and other actions will prove incredibly important in the years to come. The focus will shift to ensure that knowledge furthers happiness and peace, helps us appreciate the reality of interconnectedness and cultivates our dormant human potential to the fullest.”

You can read the full report here.

About IC3 Movement

The IC3 (short form for International Career and College Counseling) Movement, with its mission to bring counseling in every school, is at its core, dedicated to helping young people across the globe find career paths through education that will lead to fulfilled happy and productive lives. Comprising four key, volunteer-driven initiatives — the Annual IC3 Conference, IC3 Regional Forums, IC3 Live, and the IC3 Institute — the IC3 Movement aims to empower every school to run a robust, fully functioning career and college counseling department.

About IIE (Institute of International Education)

IIE has been a world leader in international education since 1919. IIE works to build more peaceful and equitable societies by advancing scholarship, building economies and promoting access to opportunity. As a not-for-profit with 18 offices and affiliates worldwide, IIE collaborates with a range of corporate, government and foundation partners across the globe to design and manage scholarship, study abroad, workforce training and leadership development programs. For more information, visit www.iie.org.

Business

Comments of CMAI on Proposed Change to GST Rate Structure in Textile Industry

Mumbai (Maharashtra) [India], September 29: The Clothing Manufacturers Association of India (CMAI), one of the largest and oldest Association representing the interests of the Domestic Garment Industry, expressed its deep sense of disappointment and anguish at the recent announcements from the GST Council indicating that with a view to address the issue of Inverted Duty Structure in the Textile Industry, it has been decided to change the GST rates applicable on Fabrics and Garments with effect from 1st January.

Although no formal communication has been received, reports indicate that the current applicable rate of 5% on all Fabrics and Garments up to the price of Rs.1,000, will be increased to 12%.

It is indeed disturbing that to correct an issue faced by a small section of the entire Industry, the Council is considering increasing the prices of nearly 85% of the final products to the Consumers.

Mr. Rajesh Masand, President – CMAI urges the Government and the GST Council to consider these crucial points:

  1. The Domestic Garment Industry is still struggling to revive post the Covid pandemic – with most of the industry still at 60 – 65% of pre-covid levels (Retail, which is the lifeline of Apparel Manufacturing, was one of the first sectors to shut down and one of the last to re-open). Most indicators point to end 2022 as the earliest that the Industry can hope to achieve its pre-covid levels. CMAI strongly believes that this, or even january 2022, is not the right time to increase taxes.
  2. The massive price increase of Raw Materials such as Yarn, fabric, fuel, packaging materials, transportation, etc. is already seeing a 15-20% price increase in the final price of the product. The Consumer is already reeling with job losses, wage cuts, and social and personal traumas. To add another 7% taxes to the price of an essential item of consumption such as garments is uncalled for.
  3. The Covid-19 pandemic has already seen 15-20% of Garments units across the country shutting or scaling down their operations. The Garment Industry is the highest employer in the Country after Agriculture. It is estimated that the industry is currently seeing a drop of not less than 20% employment in the Sector. The move contemplated by the Council is likely to risk an even higher level of unemployment.
  4. Admittedly, there exists the problem of Inverted Duty Structure in a small segment of the total Textile Value Chain – not exceeding 15% of the total Industry. The proposed move will impact 85% of the industry to ease the problem faced by 15% of the industry. 
  5. The Government has come out with excellent schemes such as PLI and Mega Parks, primarily with a view to promoting Exports of MMF based products. The Industry, including CMAI has wholeheartedly welcomed these schemes. This move will hurt the cotton sector far more than promote the MMF sector.
  6. Indian Garment Industry is still largely a Cotton based Industry. Cotton garments, including traditional wear categories such as Dhotis, Sarees, etc. form the bulk of clothing used by the poorer sections of the Society. This section of population will be hit by another price increase.
  7. In any country where there are differential rates of GST, essential commodities, especially those consumed by the poorer section of Society, would be levied at the lowest slab. We will be removing an essential commodity item, used by the common man, from the lowest slab to a higher slab.
  8. As is well known, the excellent support provided by the Government to the MSMEs through Emergency Credit lines from Banks is getting over now, and Banks have started recalling these loans. In addition to the stress of repayment of these loans, MSMEs will now need additional Working Capital, with the GST refunds now going to 12%. MEMEs will find it impossible to get the additional working capital required.
  9. India being still a largely Cotton based economy, an increase of Cotton based products will lead to a price increase across the Cotton value chain. With increased prices will come reduced consumption. This reduction of demand for cotton will also impact the farmer.

Mr. Rahul Mehta, Chief Mentor of CMAI, strongly urges the Central and State Governments and GST Council to review their decision and find alternate solutions to address the Inverted Duty Structure problem. CMAI has in the past recommended a flat 5% GST across the entire Value Chain – which will resolve the Inverted Duty Structure, will boost consumption and hence production and & Employment, and will cost the Government a negligible amount on revenue.

In the absence of such a solution, CMAI urges the authorities to maintain the current status quo.

For further information: www.cmai.in