Bengaluru | 7 July, 2023: In a special keynote at the Moneycontrol Startup Conclave, RBI’s Deputy Governor, T Rabi Sankar spoke at length about the Fintech sector – The role its playing to achieve financial inclusion and its regulations.
“RBI is closely watching the evolving space of Fintech. Innovations are happening across three elements: time, access and data. New innovations are helping in driving down costs, refocusing products and services and improving customer reach and services. There are no Fintech regulations right now. We are talking to the industry and understanding whether there is a need to regulate them. Can’t give a timeline at the moment. But it will come only after consultation with them,” he added.
“We at RBI need to understand how Fintechs are evolving and innovators are thinking. But the young innovators’ focus is on innovations and not as much on regulations yet and we need to find that balance. We time our intervention so that the industry (Fintech) is allowed to grow,” he said.
Speaking on cryptocurrencies, RBI’s Deputy Governor said, “People trading crypto is not the concern but the unbacked cryptocurrencies and the product itself alongside its backers is the problem.”
He also highlighted that stablecoins pegged to other currencies in emerging market economies pose several threats.
“Stablecoins pegged to currencies, for example USD are not a risk to the USA. But stable currencies pegged to other currencies in emerging market economies (EMEs) pose very serious financial stability, capital management, and monetary policy risks,” Shankar said.
Offers Customisable and need-based unique features — Child’s Future Protect Benefit, Better Half Benefit, and Premium Break Benefit.
Mumbai, July 6, 2023: With a view to provide comprehensive, and all-round protection to its customers, Edelweiss Tokio Life Insurance has launched Zindagi Protect, a term insurance plan that offers a range of unique benefits to meet the ever-changing financial needs of the customer. Subhrajit Mukhopadhyay, Executive Director, Edelweiss Tokio Life Insurance said, “Life insurance forms the foundation of financial planning and term insurance, especially, is critical for every incomeearning individual. Our effort over the years has been to offer comprehensive, all-encompassing products that have the means to address the varied requirements of our customers. Simply put, we want to offer need-based, and customizable solutions to everyone. Zindagi Protect is aligned with that goal.”
What makes Zindagi Protect a unique offering are its 3 optional benefits – Child’s Future Protect Benefit, Better Half Benefit, and Premium Break Benefit.
The Child’s Future Protect Benefit allows the policyholder to increase their life cover for the period until their child turns 25 years old and ensure enhanced financial security for the family.
The Better Half benefit, a first of its kind innovative optional benefit which allows the policyholder to provide a life cover for their spouse after the policyholder’s death without any future premium requirements. This benefit was borne from the insight that in case of a spouse’s death, the other spouse usually inherits the financial and household responsibilities and therefore a term cover is critical for them.
The Premium Break Benefit allows the policyholder an option to select Premium Break which gives them flexibility to skip up to 8 premiums depending on the premium payment and policy term.
Additional Features include: Flexibility to choose limited pay or regular pay premium payment options Option to get back all your paid premiums (towards Life Cover and Premium Break Benefit) at a specific point during the term of the policy for Life Cover Option with limited pay through the Special Exit Benefit Avail a discount of 6% on First Year Premium if the medical examination is completed within 7 days from the date of login This plan is available for purchase offline as well as online Option to avail life insurance cover up to age 100
Interns from IIT Kharagpur, IIT Kanpur and IIM Ahmedabad get an opportunity to work on a host of problem statements around the D2C ecosystem in India
Bengaluru, 6th July 2023: Simpl – India’s foremost 1-tap Checkout, today announced its Summer Internship Program 2023 for engineering and management students from leading educational institutions across the country. The 2.5 month long internship program will provide students with a unique opportunity to gain valuable insights and hands-on experience in solving numerous problems statements of millions of customers, enterprise and direct-to-consumer (D2C) merchants across the country.
As part of the Summer Internship Program 2023, students from prestigious educational institutions, namely Indian Institute of Technology, Kharagpur, Indian Institute of Technology, Kanpur and Indian Institute of Management, Ahmedabad get an opportunity to work with various teams at Simpl at its headquarters in Bengaluru. This includes teams across Engineering, Data Sciences, Partner Success and Product Management where they will be provided an opportunity to work on various tech capabilities like app experience, fraud analytics, platform management, etc.
This exposure assumes significance for the interns as the Indian e-commerce and Direct-to-Consumer (D2C) ecosystem is evolving rapidly, allowing merchants to directly onboard customers instead of solely relying on large e-commerce marketplaces. This is resulting in the ‘Unbundling of E-commerce’, thereby opening up a plethora of opportunities for companies in the e-commerce value chain including technology platform, logistics services and Checkout Network to innovate and provide value to merchants.
Sneha Arora, Chief Human Resource Officer, Simpl, said, “As a people-focused organisation, Simpl has been at the forefront of promoting innovation and collaboration through knowledge sharing and building an ecosystem of skilled workforce for the fast evolving e-commerce industry. With this year’s Summer Internship Program, we aim to strengthen industry-academia collaborations, and empower students to leverage our nuanced understanding of this space and the checkout network to create innovative solutions to unlock growth for D2C merchants across the country and enable great customer experience . Our carefully curated internship program exposes students to real world problems and encourages them to actively contribute to developing path-breaking solutions. By working with the best minds at Simpl, the internship program also works towards the overall development of the students”.
The internship program is structured in a way that exposes the interns with cross-functional challenges and provides them with a good idea around the overall functioning of the organisation. The students will further be provided an opportunity to present their contribution towards the end of their internship to the leaders at Simpl through a formal presentation, participate in Simpl’s learning series with subject matter experts and will also be a part of a dinner hosted by Simpl’s founder Nitya Sharma. Over the years, Simpl has been hiring interns from India’s leading engineering and management institutions including the likes of IIT Delhi, IIT Guwahati among others and is gradually emerging as a preferred option for undergraduate and postgraduate students for industry exposure.
ಎಸ್.ಜೆ.ಎಂ. ಕಾನೂನು ಮಹಾವಿದ್ಯಾಲಯ, ಚಿತ್ರದುರ್ಗ ಮತ್ತು ಕರ್ನಾಟಕ ರಾಜ್ಯ ಕಾನೂನು ವಿಶ್ವವಿದ್ಯಾಲಯಗಳ ಸಂಯುಕ್ತ ಆಶ್ರಯದಲ್ಲಿ ಚಿತ್ರದುರ್ಗದಲ್ಲಿ ನಡೆದ ಅಂತರಕಾಲೇಜು ಬ್ಯಾಡ್ಮಿಂಟನ್ ಪಂದ್ಯಾವಳಿಯಲ್ಲಿ ಬೆಂಗಳೂರು ನಗರದ ಬಿ.ಎಂ.ಎಸ್. ಕಾನೂನು ಮಹಾವಿದ್ಯಾಲಯದ ಮಹಿಳಾ ತಂಡದವರು ಪ್ರಥಮಸ್ಥಾನವನ್ನು ಗಳಿಸಿ ಮಹಾವಿದ್ಯಾಲಯಕ್ಕೆ ಕೀರ್ತಿಯನ್ನು ತಂದಿದ್ದಾರೆ. ಈ ಪಂದ್ಯಾವಳಿಯಲ್ಲಿ ಮಹಾವಿದ್ಯಾಲಯದ ವಿದ್ಯಾರ್ಥಿನಿಯರಾದ ಕು. ಶೀತಲ್ ಡಿ., ಕು. ಅನನ್ಯ ಕೆ. ಆರ್., ಕು. ಶಿರೀಷಾ ಎಸ್., ಭಾಗವಹಿಸಿದ್ದರು.
We are happy to inform you that the All-India Karate Do Federation for the promotion of Karate in India has been imparting training in karate for the past thirty-five years in the Country. We have over 32 state units in the National body, comprising of recognized styles of Karate. The Federation has brought laurels to India for the past many years at the International level We have the pleasure to inform you that a 13 members team participated representing the country from the state of Karnataka (Sports Karate Association of Karnataka) for the Korea open International Karate 2nd WCKF World Karate do Championships which was held from 1st July to 2nd July, 2023 at Gijang Gymnasium, Busan, Korea conducted by Korea Karate do Federation and Busan Karate do Federation. The Team was headed by Renshi RAMAN GANESH and was assisted by Renshi SUBRAMANI CHANDRASEKHAR and , Renshi E.N.RAMYA under the guidance of Kyoshi PR.Ramessh, 8th Dan Black Belt, General Secretary AIKF. With great pleasure we would like to inform that all our team members participated in different categories and have won 7 golds, 6 silvers, 12 bronze, with a total of 25 medals representing India and have brought laurels to the country. This is only possible with the support of the parents, schools and their management who have supported us to make this dream possible and heartfelt thankyou for all those who are involved and supported us.
The list of Players and the details of the medal winners is as follows 1. Diya Arjun Gupte [Frank Antony Public School]- Senior Female, 2 Gold (kata and Kumite) and 1 Silver (Team kata), 2. Roshni Arjun Gupte [Frank Antony Public School] – Junior Female, 1 Silver (Kumite), 3. Nivedhitha Kothandaraman [Bethany High School] – Cadet Female, 2 Gold (Kumite, Team Kata), 1 Bronze (Kata), 4. Gargi Sanglikar [Vibgyor School, Doddanaekundi] – Cadet Female, 2 Silver (Kumite & Kata), 5. Arjun Pravin Menon [Jain College, Jayanagar] – Senior Male, 2 Bronze ( Kumite and Team Kata), 6. Rayhan Mansoor [St. Joseph’s Boys School] -Sub Junior Male, 2 Bronze (Kata & Team kata), 7. Nishit A Jain [ New Horizon Public School] – Sub Junior Male – 2 Bronze ( Kumite and Team kata), 8. Sameeksha P N [Christ College] – Senior Female, 1 Silver ( Kumite), 1 Bronze ( Kata), 9. Amizhthini Gopannan [Whitefield Global School] – Sub Junior Female, 1 Bronze (Kumite), 10. Priyanshi Sharma [New Horizon Gurukul] – Cadet Female, 2 Silver (Kumite and Kata), 1 Gold( Team Kata). Renshi Raman Ganesh- 1 Gold (Kumite) 1 Silver(Kata), Renshi Subramani Chandrasekhar – 1 Bronze (Kata) and Rensi E N Ramya – 1 Bronze ( Kata) participated in Veteran Category This achivedment is a major milestone in our promotion of karate Sport in our country and would like to kindly request the Media channels/ Print Media/ Other mediums of communication to Cover the news and help to reach the same to the common public. This will be a major boost and encouragement for our Players whoever won the medal and the future aspirants who is looking to make their mark in the karte Sport and would inspire many more to take up the sports.
– Renshi R Ganesh, General Secretary, SKAK, Vice President, All India Karate- Do Federation
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