Year: 2018

1 billion to cost recalibration of 2.4 lakh ATMs for new Rs 100 note

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The Reserve Bank of India (RBI) had, on July 19, announced that the bank is planning to release a new lavender-coloured Rs 100 note which would have RBI Governor Urjit Patel’s signature on it. Now a question remain unanswered, concern is on striking a balance between the supply of new notes and withdrawal of the old ones. the report states that the process can take one year or more to complete. An official told the publication that the process will be carried out in phases.   This is the fifth…

ATMs vulnerable to frauds since 3 years

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On Friday government woke up as 74% of the cash dispensers are processing on outdated software and are prone to fraud and lack basic security features. The automated teller machines (ATMs) run by public sector banks may be easily accessible to frauds as they are running on outdated software by leaving it vulnerable to cyber attacks.The government, however, did not disclose details of such ATMs that were run by private sector lenders. Most ATMs in India Are Easy Targets for Hackers & Malware Attacks.   
A question arises on why do…

No-confidence motion: Modi shines, Opposition fails

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Sets the ball rolling for the 2019 General Elections, giving a clear indication of who is pitted against whom   Amidst high drama and in what appeared to be a face-off between PM Narendra Modi and UPA Chairperson Rahul Gandhi, a no-confidence motion moved by the Opposition to expose the current government’s doings got defeated, even as NDA sailed through with 325 trust votes.    The National Democratic Alliance (NDA) won over a two-thirds majority in the Lok Sabha, defeating a no–confidence motion initiated by the BJP’s erstwhile partner in the NDA, the Telugu…

Saraswati Seva Foundation bringing project based learning to rural schools

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Saraswati Seva Foundation (SSF), a non- profit organisation committed to serve the underprivileged communities using knowledge tools and networks to support a sustainable foundation of the society, with support from the Institution of Engineering and Technology (the IET) has launched a STEM – C (Science, Technology, English, Mathematics and Computer) Program to create ‘Tech Awareness Events’ in schools. The programme aims to promote project-based learning (PBL) in schools and organises STEM-C classes for thousands of under-privileged children in eastern Uttar Pradesh and in its next step, plans to support/assist students…

BNY Mellon employees volunteer 23,000 hours for helping regional charities

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Close to 4,900+ employees of BNY Mellon in India across Chennai and Pune have participated in a day of giving that resulted in 23,000 hours volunteered to benefit 20 regional charities. The inaugural “Connecting with the Community” philanthropic volunteering and team bonding campaign featured 28 unique events that focused on child education, environmental sustainability, and rural development. “We are actively involved in giving back and creating positive impact in the communities where we live and work,” said Sudish Panicker, Managing Director and Head of BNY Mellon Operations, India. “The first-of-its-kind…

Schneider Electric launches new programs for underprivileged people in Lubumbashi

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In Haut-Katanga Province in the Democratic Republic of the Congo (DRC), the lack of qualified electricians is undermining the province’s economic development. With this in mind, Schneider Electric and the Society of Jesus in the DRC will help 500 local young people find work between 2018 and 2020 by creating two certified training courses for electricians. 80% of these trainees will come from underprivileged families.   As Africa’s fourth most populated country, with a wealth of natural resources, DRC has experienced GDP growth of between 2% and 9% in recent years. Economic…

Foopak Bio Natura food packaging products awarded “Sustainability Product of the Year”

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The Business Intelligence Group has named Asia Pulp & Paper’s (APP) Foopak Bio Natura suite of food packaging products the “Sustainability Product of the Year” in the 2018 Sustainability Awards program. The Sustainability Awards honour those people, teams and organizations who have made sustainability an integral part of their business practice or overall mission.   In response to the demands of consumers and the brands that serve them, APP’s Foopak Bio Natura is replacing plastic, foam and PE-coated food packaging with a fully compostable, sustainable paperboard alternative. Especially designed for converting both…

IAMAI in Chhattisgarh launches ‘Sanchar Kranti Yojana’ for rural women

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The Chhattisgarh Government has launched an ambitious ‘Sanchar Kranti Yojana’ to digitally empower rural people in the state, primarily women.  The project is aimed at improving telecom reach in the state and wide spreading the digital connect to the people of Chhattisgarh.  To achieve this goal the Government is establishing a strong telecom & internet network and also distributing 50 lakhs smartphones to identified beneficiaries in the State.  This would immensely contribute to the ‘Digital India’ mission of the nation.   Dr. Raman Singh, Chief Minister of Chhattisgarh, says, “Smartphones are arguably the most…

Current Indian job scenario has little room for women

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India can’t achieve developed nation status until it finds a way to bridge the gap created by gender bias in terms of employment. The World Economic Forum’s (WEF) Global Gender Gap index 2017 ranked India at 108th place on gender equality, behind China, Nepal and Bangladesh. We are stuck in an ugly situation as of now and the reasons for it are deeply disturbing. For starters, we have a stagnant job market despite the economy growing at more than 7% growth rate. Secondly, government’s various initiatives to create jobs have…

BEL signs MoU with Saab, Sweden

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Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed a Memorandum of Understanding (MoU) with Saab, Sweden, recently for jointly marketing the L-Band 3D Air Surveillance Radar, RAWL-03, co-developed by BEL and Saab.   BEL has joined hands with Saab, Sweden and USA, to market the Long Range Air Surveillance Radar, a cost-effective L Band three dimensional (3D) radar, for early detection and tracking of air and surface targets, thereby enabling engagement of fire control systems to neutralise the same. RAWL-03 will be offered in both ship-borne and land-based configurations. The system…