Category: COVID19

ತಮ್ಮ ತಂಡಗಳನ್ನು ಸಂಪರ್ಕಿಸಲು ಮತ್ತು ವ್ಯವಹಾರ ನಿರಂತರತೆಯನ್ನು ಖಚಿತಪಡಿಸಿಕೊಳ್ಳಲು ವೀಡಿಯೊ ಕಾನ್ಫರೆನ್ಸಿಂಗ್ ಪರಿಹಾರದ ಮೇಲೆ ಕಂಪನಿಗಳು ಪ್ರಸ್ತುತ ಹೆಚ್ಚು ಅವಲಂಬಿತವಾಗಿವೆ. ಭಾರತದಲ್ಲಿ ಗ್ರಹಿಸಲ್ಪಟ್ಟಿದೆ ಮತ್ತು ಪೋಷಿಸಲ್ಪಟ್ಟಿದೆ ಕ್ಲೌಡ್ ಕನೆಕ್ಟ್ ಕಮ್ಯುನಿಕೇಷನ್ಸ್ ತಾಂತ್ರಿಕವಾಗಿ ಉತ್ತಮ ಮತ್ತು ಅತ್ಯಂತ ಸುರಕ್ಷಿತವಾದ ಸ್ವದೇಶಿ ಪರಿಹಾರವನ್ನು ನೀಡುತ್ತದೆ.

ಪ್ರಮುಖ-ಭದ್ರತಾ ವೈಶಿಷ್ಟ್ಯಗಳ ಹೊರತಾಗಿ ಎಐ-ನೇತೃತ್ವದ ಪ್ರತಿಲೇಖನ ಆಡಿಯೋ ಮತ್ತು ವಿಡಿಯೋ ರೆಕಾರ್ಡಿಂಗ್, ಇಂಟಿಗ್ರೇಟೆಡ್ ಡಯಲ್-ಇನ್‌ಗಳು, ಲೈವ್ ವಿಡಿಯೋ ಸ್ಟ್ರೀಮಿಂಗ್ ಮತ್ತು 100 ಭಾಗವಹಿಸುವವರೊಂದಿಗಿನ ಸಭೆಗಳಂತಹ ಇತರ ನವೀನ ವೈಶಿಷ್ಟ್ಯಗಳನ್ನು ವೀಕಾನ್ಫರೆನ್ಸ್ ನೀಡುತ್ತದೆ. ಅದರ ಸ್ವಯಂ-ಟ್ಯಾಗ್ ವೈಶಿಷ್ಟ್ಯವು ರೆಕಾರ್ಡಿಂಗ್ ಅನ್ನು ಸ್ವಯಂಚಾಲಿತವಾಗಿ ನಕಲಿಸುತ್ತದೆ, ಆದರೆ ಸ್ಮಾರ್ಟ್ ಹುಡುಕಾಟ ಸಾಧನವು ಸಭೆಯ ಪ್ರತಿಲೇಖನದೊಳಗೆ ಕೀವರ್ಡ್ಗಳನ್ನು ಹುಡುಕಲು ನಿಮಗೆ ಅನುಮತಿಸುತ್ತದೆ.

“ಕೋವಿಡ್-19 ಬಿಕ್ಕಟ್ಟಿನಿಂದಾಗಿ ಹೆಚ್ಚಿನ ಸಂಸ್ಥೆಗಳ ನೌಕರರು ಈಗ ಮನೆಯಿಂದಲೇ ಕೆಲಸ ಮಾಡುತ್ತಿದ್ದಾರೆ. ಭಾರತದ ಮೊದಲ ಮತ್ತು ಏಕೈಕ ಎಂಡ್-ಟು-ಎಂಡ್ ಕ್ಲೌಡ್ ಮತ್ತು ಮೊಬೈಲ್ ಅಪ್ಲಿಕೇಶನ್ ಆಧಾರಿತ ಪಿಬಿಎಕ್ಸ್ ಮತ್ತು ಏಕೀಕೃತ ಸಂವಹನ ಸೇವಾ ಪೂರೈಕೆದಾರರಾಗಿ ಟೆಕ್-ಬೆಂಬಲಿತ ವೀಡಿಯೊ ಕಾನ್ಫರೆನ್ಸಿಂಗ್ ಪರಿಹಾರದ ಅಭಿವೃದ್ಧಿಯು ನಮ್ಮ ಮುಂದಿನ ನೈಸರ್ಗಿಕ ಪ್ರಗತಿಯಾಗಿದೆ. ವಿಕಾನ್ಫರೆನ್ಸ್ ಸಹಾಯದೊಂದಿದೆ ಕಂಪೆನಿಗಳು ತಮ್ಮ ಸಭೆಗಳು ಮತ್ತು ಸಮ್ಮೇಳನಗಳನ್ನು ಮನಬಂದಂತೆ ನಿರ್ವಹಿಸಲು ಅವಲಂಬಿಸಬಹುದಾದ ಸುರಕ್ಷಿತ ಪರಿಹಾರವನ್ನು ನೀಡುವ ಗುರಿ ಹೊಂದಿದ್ದೇವೆ” ಎಂದು ಕ್ಲೌಡ್ ಕನೆಕ್ಟ್ ಕಮ್ಯುನಿಕೇಷನ್ಸ್ ನ ಸಹ ಸಂಸ್ಥಾಪಕ ಮತ್ತಿ ಸಿಆರ್ ಒ ರಾಮನ್ ಸಿಂಗ್ ಹೇಳಿದರು

City Today News

(citytoday.media)

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Chitradurga, 20.04.2020: The Covid-19 pandemic has posed unprecedented challenges for India and the world with the number of infected people on a steady rise. As part of the Vedanta Group’s efforts to support people in distress, Vedanta Ltd – Iron Ore Karnataka Business is ramping up its community outreach programmes and reaching out to all stakeholders in this battle against the pandemic.

With the objective to ensure the protection of those who protect us by jeopardizing their lives and leading from the front during emergencies, Vedanta Ltd – Iron Ore Karnataka Business has provided 250 Personal Protective kits and 5,000 hand gloves to Ms. Radhika G., Superintendent of Police – Chitradurga, 100 masks along with sanitizer bottles to Mr. G.S Hegde, Regional Trasport Officer – Chitradurga and 150 cotton masks to Mr. Padma, Geologist – Department of Mines & Geology Chitradurga District.  The material and personal protective kits will help to ensure the safety of police force and the government officials during this COVID-19 pandemic.  

Vedanta- Iron Ore Business Karnataka, has initiated several on- ground support activities to overcome this difficult situation. 

Recently, Vedanta Ltd – Iron Ore Karnataka Business provided 500 sanitiser bottles, 2500 triple layer N95 masks, 500 personal protection kits and an ambulance for emergency medical facilities to the District Collector’s office. In the previous week, Vedanta Ltd – Iron Ore Karnataka Businesshad handed over 3400 ration kits to the District Administration Office to help them be well prepared in the current situation. Besides this, Vedanta Ltd – Iron Ore Karnataka Business distributed 2600 three layered cloth masks to police officers, health workers and the community people across Chitradurga district handmade by local SHG women over the course of two weeks.

Vedanta Ltd – Iron Ore Karnataka Business has extended several on-ground support activities to combat COVID-19 and the same will continue through all possible means to battle out this pandemic.

We wish everyone a healthy stay at home!!

City Today News

(citytoday.media)

9341997936

Supporting Finance Minister’s Guidance PRAHAR Calls for Accelerated Utilization of DMF Funds to Protect ‘Lives and Livelihoods’ from COVID Devastation in Mineral States

·         PRAHAR launches a ‘National Movement for Livelihood Resurrection and Self Employment’ in the wake of COVID 19 crisis

·  A corpus Rs. 23510 crores of unutilized DMF fund is available which if liquidated can bring great relief to the people in mineral states at a time of a national crisis

·  DMF fund collection in some key states includes Odisha’s Rs. 9501 crore, Karnataka Rs. 1842 crore, Goa Rs. 188 crore, Assam Rs. 80 crore, Meghalaya Rs. 48 crore and West Bengal Rs. 43 crore till date.

·  Irresponsible opposition must be investigated for vested interests

·  Judiciary should recluse from admitting objections to the utilization of funds and it should be left to the states to evolve a local policy serving the specific needs of the region

April 19, 2020: PRAHAR (Public Response Against Helplessness and Action for Redressal) a Delhi based NGO dedicated towards finding solutions for problems of the helpless, today urged the Government to actively use unutilized DMF (District Mineral Foundation) funds and accelerate relief efforts towards protection of lives and livelihoods for the COVID affected communities across states. This is part of the NGO’s ‘National Movement for Livelihood Resurrection and Self Employment’ in the wake of COVID 19 crisis launched recently.

According to the data available on the Ministry of Mines website a sum of Rs. 35,925 crores have been collected in DMF funds in total as on January 31, 2020 out of which only 35% or Rs. 12,414 crores have been spent so far, leaving behind a corpus of Rs. 23510 crores to be spent.

On March 26, 2020, the Finance Minister Ms. Nirmala Sitharaman during an announcement urged DMF funds to be used to supplement and augment healthcare facilities, screening and testing requirements and any other resources that might be required by the state governments. However, after 3 weeks only negligible progress has been made with few districts making some discretionary use of these funds. This is because of lack of clarity on the modalities of use of these funds for the purpose of saving lives and resurrecting livelihoods in the aftermath of the COVID outbreak.

Some mineral states like Goa have already been under deep economic crisis because of the judicial interpretation leading to cancellation of mining leases in March 2018 by the Supreme Court. This took away livelihoods of 30% of the state’s population and brought 3 lakh mining dependents to the brink. Recently, the COVID 19 pandemic has stopped Goa’s tourism business also. Goa has only two industries – tourism and mining. The tourism industry is unlikely to see a revival for the next 9 to 12 months and with mining also on a standstill, the state will suffer immensely with a potential law and order situation that can follow.

Goa collected Rs. 188.65 crore in DMF Fund and Rs. 399 crores in Goa Iron Ore Permanent Fund till March 2018 when mining was operational. Out of this only 2% or Rs. 4 crore of DMF fund has been used for the welfare of people. At a time when the state is in its worst crisis, this corpus can act as a bail-out package. The Finance Ministers’ announcement and subsequent attempt by state authorities to use these funds is facing irresponsible opposition. As per media reports, a high profile NGO in the state of Goa has threatened to file a petition in the Supreme Court to stay such fund utilization citing that this is against the statues of the Minerals Act and such utilization is ‘illegal’ and a ‘raid’. Such opposition on the back of the letter of the law and not the spirit of the law (the welfare objective) should be investigated for vested interests.

Speaking on the subject, Mr. Abhay Raj Mishra, National Convenor and President, PRAHAR, said, “In line with the Prime Minister’s clarion call to protect “Jaan bhi, Jahaan bhi” (lives and livelihoods), it is important to go all out to save lives and ensure economic survival of citizens at the bottom of the social pyramid during the current crisis. We need to unlock all possible resources at this hour. These include unused corpuses such as DMF funds and keeping wheels of economic activity rolling wherever permissible. Nations who come out of this pandemic with least damage will have a strong position in the new world order and India, which is in a better position, cannot make mistakes in letting this crisis take over the future of our countrymen”

“Yesterday, India witnessed its largest single day surge in COVID 19 positive cases till date at 2154 new cases. This after 26 days of continuous national lockdown and all preventive measures makes it unpredictable as to when this crisis will recede. If the present of our citizens is severely compromised, what is the point of holding resources for a future than nobody has seen.”

“Heartless opposition by institutions with a mindless goal to forcibly come across relevant should be stopped immediately as it exposes their true intentions. Our people need to survive and economy needs to revive for which all stakeholders including the executive, legislature, judiciary and civil society must work in unison”, he added.

According to the Minerals Act, 40% of the DMF fund can be used for ‘other priority areas’ whereas 60% should be reserved for the ‘priority areas’. This means that while 60% of the fund can be kept for communities directly working in mining activities, the remaining can be used for the wellbeing of the state. DMF corpus is particularly attractive here.

Among the mineral-bearing states, Odisha collected the highest amount as DMF (Rs 9,502 crore) followed by Jharkhand (Rs 5,181 crore) and Chhattisgarh (Rs 4,981 crore) till January 2020. Other collections are Rajasthan (Rs 3,514 crore), Madhya Pradesh (Rs 2,864 crore), Telangana (Rs 2,774 crore), Karnataka (Rs 1,842 crore), Maharashtra (Rs 1,728 crore), Andhra Pradesh (Rs 906 crore), Gujarat (Rs 668 crore), Uttar Pradesh (Rs. 651 crore), Tamil Nadu (Rs 610 crore) and Goa (Rs 189 crore). When it comes to spending of the proceeds, Chhattisgarh stands first with spending of Rs 3,359 crore till January followed by Odisha at Rs 2,794 crore and Jharkhand at Rs 2,409 crore. Even smaller states like Assam collected Rs. 80 crore, Himachal Rs. 143 crore, Meghalaya Rs. 48 crore and West Bengal Rs. 43 crore.Information on the DMF Fund can be sourced from here: https://www.mines.gov.in/writereaddata/Content/dmffundstatus28022020.pdf

City Today News

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ಏಪ್ರಿಲ್,: COVID-19 ಸಾಂಕ್ರಾಮಿಕ ರೋಗ ಹರಡುವಿಕೆ ಮತ್ತು ರಾಷ್ಟ್ರವ್ಯಾಪಿ ಲಾಕ್‌ಡೌನ್ ಮೇ 3 ರವರೆಗೆ ವಿಸ್ತರಣೆಯಾದ ಹಿನ್ನೆಲೆಯಲ್ಲಿ, ಡಿ2ಸಿ ಸೆಲ್ಲರ್‌ಗಳಿಗಾಗಿನ ತಂತ್ರಜ್ಞಾನ ಆಧರಿತ ಲಾಜಿಸ್ಟಿಕ್ಸ್ ಅಗ್ರಗೇಟರ್‌ ಶಿಪ್‌ರಾಕೆಟ್‌ ಅಗತ್ಯ ಸಾಮಗ್ರಿಗಳ ಹೈಪರ್‌ಲೋಕಲ್ ಡೆಲಿವರಿ ಸೇವೆಗೆ ಕಾಲಿಟ್ಟಿದೆ. ಹೊಸದಾಗಿ ಪ್ರಾರಂಭಿಸಲಾದ ಈ ಸೇವೆಯ ಮೂಲಕ, ಆಹಾರ, ದಿನಸಿ ಮತ್ತು ಔಷಧಗಳಂತಹ ಅಗತ್ಯ ವಸ್ತುಗಳನ್ನು ಮಾರಾಟ ಮಾಡುವ ಇ-ಕಾಮರ್ಸ್ ಕಂಪನಿಗಳು ಶ್ಯಾಡೋಫ್ಯಾಕ್ಸ್‌ನ ವಿತರಣಾ ಪಾಲುದಾರರ ಪರಿಣತಿಯನ್ನು ಪಡೆದುಕೊಂಡು 8 ಕಿ.ಮೀ ವ್ಯಾಪ್ತಿಯಲ್ಲಿ ತಮ್ಮ ಆರ್ಡರ್‌ಗಳನ್ನು ತಲುಪಿಸಲು ಬ್ರ್ಯಾಂಡ್ ಅನುವು ಮಾಡಿಕೊಡುತ್ತದೆ.

ಅಹಮದಾಬಾದ್, ದೆಹಲಿ, ಜೈಪುರ, ಮುಂಬೈ, ಪುಣೆ, ಫರಿದಾಬಾದ್, ನೋಯ್ಡಾ, ಗುರುಗ್ರಾಮ್ ಮತ್ತು ಇನ್ನೂ 14 ಪ್ರಮುಖ ನಗರಗಳಲ್ಲಿ ಹೊಸ ಸೇವೆಯನ್ನು ಪ್ರಾರಂಭಿಸಲಾಗಿದೆ.

ಪಾಲುದಾರಿಕೆಯ ಮೂಲಕ ಶಿಪ್‌ರಾಕೆಟ್‌ ತನ್ನ ಸ್ಥಳೀಯ ಅನುಭವಿ ವಿತರಣಾ ಪೂರೈಕೆದಾರರಿಂದ ಅಗತ್ಯ ಉತ್ಪನ್ನಗಳ ತಡೆರಹಿತ ವಿತರಣೆಗೆ ಅನುಕೂಲ ಮಾಡಿಕೊಡಲಿದೆ. ಈ ಸೇವೆಯನ್ನು ಸದುಪಯೋಗಪಡಿಸಿಕೊಳ್ಳುವುದರಿಂದ, ಬ್ರ್ಯಾಂಡ್‌ಗಳು ಗ್ರಾಹಕರನ್ನು ನೇರವಾಗಿ ತಲುಪಲು ಮತ್ತು ಒಂದೇ ದಿನ ಮತ್ತು ಮುಂದಿನ ದಿನದ ಡೆಲಿವರಿಗಳನ್ನು ತ್ವರಿತವಾಗಿ ಮಾಡಲು ಸಾಧ್ಯವಾಗುತ್ತದೆ. ತೂಕವನ್ನು ಆಧರಿಸಿ ನಿರ್ಬಂಧ ಹೇರುವುದು ಮತ್ತು ರಿಟರ್ನ್‌ಗಳಿಗೆ ಹೆಚ್ಚುವರಿ ಶುಲ್ಕವನ್ನು ಇದು ಹೊಂದಿರುವುದಿಲ್ಲ. 5 ಕಿ.ಮೀಗೆ 79 ರೂ. ಆರಂಭಿಕ ದರದಲ್ಲಿ ಎಲ್ಲ ಸಮೀಪದ ಆರ್ಡರ್‌ಗಳನ್ನು ಸಾಗಿಸಲು ಬ್ರಾಂಡ್‌ಗಳಿಗೆ ಶಿಪ್‌ರಾಕೆಟ್ ಅನುವು ಮಾಡಿಕೊಡಲಿದೆ.

ಹೊಸ ಸೇವೆಯ ಬಿಡುಗಡೆಯ ಸಮಯದಲ್ಲಿ ಮಾತನಾಡಿದ ಶಿಪ್‌ರಾಕೆಟ್‌ನ ಸಿಇಒ ಮತ್ತು ಸಹಸಂಸ್ಥಾಪಕ ಶ್ರೀ ಸಾಹಿಲ್ ಗೋಯೆಲ್‌, “ಡೆಲಿವರಿ ಏಜೆಂಟ್‌ಗಳು ಲಭ್ಯವಿಲ್ಲದ್ದರಿಂದಾಗಿ ಡೆಲಿವರಿ ವಿಳಂಬವಾಗುತ್ತಿದೆ. ಇದರಿಂದಾಗಿ ಇಕಾಮರ್ಸ್ ಕಂಪನಿಗಳು ತಮ್ಮ ಗ್ರಾಹಕರನ್ನು ಕಳೆದುಕೊಳ್ಳುತ್ತಿವೆ. ಇದಲ್ಲದೆ, ಪ್ರಸ್ತುತ ಸನ್ನಿವೇಶದಲ್ಲಿ, ಗ್ರಾಹಕರು ತಮ್ಮ ಆರ್ಡರ್‌ ನೀಡಿದ ನಂತರ ಒಂದು ದಿನಕ್ಕಿಂತ ಹೆಚ್ಚು ಕಾಲ ಕಾಯಲು ಬಯಸುವುದಿಲ್ಲ.

ಪಾಲುದಾರಿಕೆ ಕುರಿತು ಮಾತನಾಡಿದ, ಭಾರತದ ಅತಿದೊಡ್ಡ ಕ್ರೌಡ್‌ಸೋರ್ಸ್ಡ್ ಲಾಜಿಸ್ಟಿಕ್ಸ್ ಪ್ಲಾಟ್‌ಫಾರ್ಮ್ ಶ್ಯಾಡೋಫ್ಯಾಕ್ಸ್ ಸಿಇಒ ಅಭಿಷೇಕ್ ಬನ್ಸಾಲ್, , “ಜನರಿಗೆ ಅಗತ್ಯವಾದಾಗ ಅಗತ್ಯ ವಸ್ತುಗಳನ್ನು ಲಭ್ಯವಾಗುವಂತೆ ಮಾಡುವುದರಲ್ಲಿ ಲಾಕ್‌ಡೌನ್‌ನ ಪ್ರಸ್ತುತ ಸ್ಥಿತಿಯ ಯಶಸ್ಸು ಅವಲಂಬಿಸಿರುತ್ತದೆ. ಶಿಪ್‌ರಾಕೆಟ್‌ನೊಂದಿಗಿನ ನಮ್ಮ ಸಹಭಾಗಿತ್ವವು ಗ್ರಾಹಕರಿಗೆ ತಮ್ಮ ವಿಶ್ವಾಸಾರ್ಹ ಮಳಿಗೆಗಳಿಂದ ಕೆಲವೇ ಗಂಟೆಗಳ ಅವಧಿಯಲ್ಲಿ ಅಗತ್ಯ ವಸ್ತುಗಳ ಹೈಪರ್‌ಲೋಕಲ್ ವಿತರಣೆಯನ್ನು ಖಚಿತಪಡಿಸಿಕೊಳ್ಳಲು ನಮ್ಮ ನಿರಂತರ ಪ್ರಯತ್ನದ ಒಂದು ಪ್ರಮುಖ ಭಾಗವಾಗಿದೆ. ಈ ಸಹಭಾಗಿತ್ವವು ಓಮ್ನಿಚಾನಲ್ ಮೂಲಕ ತಂತ್ರಜ್ಞಾನ ಮತ್ತು ಲಾಜಿಸ್ಟಿಕ್ಸ್ ಸೇವೆಯ ಸಂಯೋಜಿತ ಕೊಡುಗೆಯಾಗಿದ್ದು, ಚಿಲ್ಲರೆ ವ್ಯಾಪಾರಿಗಳು, ಹೈಪರ್‌ಮಾರ್ಕೆಟ್‌ಗಳು, ಔಷಧಾಲಯಗಳು ಗ್ರಾಹಕರಿಗೆ ತ್ವರಿತವಾಗಿ ಸೇವೆ ಸಲ್ಲಿಸಲು ಅನುವು ಮಾಡಲಿದೆ. ”

2016 ರಲ್ಲಿ ಪ್ರಾರಂಭವಾದ, ಶಿಪ್‌ರಾಕೆಟ್ ಇ-ಕಾಮರ್ಸ್ ವಲಯದಲ್ಲಿ ಕಾರ್ಯನಿರ್ವಹಿಸುವ ಎಂಎಸ್‌ಎಂಇಗಳೊಂದಿಗೆ ಕೆಲಸ ಮಾಡುತ್ತದೆ. 26000 ಪಿನ್ ಕೋಡ್‌ಗಳಲ್ಲಿ ಸುಮಾರು 220 ದೇಶಗಳಿಗೆ ಸಾಗಣೆಯನ್ನು ಇದು ಒದಗಿಸುತ್ತದೆ. ಇಂದು, ಈ ಬ್ರಾಂಡ್ 1.5 ಲಕ್ಷ ಮಾರಾಟಗಾರರನ್ನು ಹೊಂದಿದೆ ಮತ್ತು 15 ಕೊರಿಯರ್ ಪಾಲುದಾರರೊಂದಿಗೆ ಕಾರ್ಯನಿರ್ವಹಿಸುತ್ತದೆ

City Today News

(citytoday.media)

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Bangalore 17^th April, 2020: In the wake of the global pandemic and as the nation is in a lockdown, the onus falls on the various financial and lending institutions to come forward and help people tread these uncharted waters. Financial institutions should continue to play a larger role in creating a cohesive environment in this “New Normal” at a time when partnerships will be steered by new ethics, challenges and responses and in recognition of this responsibility and as a caring institution, Bank of Baroda, which is a very large and leading public sector lender, has made sure that the credit process keeps functioning.

Given the evolving situation and anticipating the customer’s requirement, the Bank has announced series of facilities and initiatives that addresses the needs of every section of society. The Bank’s branches, Business Correspondents and ATMs are working at any given point of time, with constant replenishment of cash to meet requirements for all.

The Bank’s Initiatives

While Bank of Baroda has more than 9,000 branches, it also has 18,000 plus Banking Correspondents (BC) who have extended constant support to customers across the country. The Bank has also announced an extension of financial support to the BCs towards the maintenance of hygiene and safety at BC touch points. A first-time initiative among public sector banks, the effort is meant to ensure protection by the Bank from COVID-19, towards its customers and members of the public and the business correspondents themselves. A financial support of INR 2000 has been given to each active and functional BC agent towards the maintenance of hygiene at their outlets for the purchase of sanitizers, disinfectants, masks, gloves etc. An additional INR 100 per working day is being given to every active BC agents towards transportation.

For the women beneficiaries under the Pradhan Mantri Jan Dhan Yojana (PMJDY) the Bank has arranged that all account holders receive an amount of INR 500 each for each of the next three months, as an ex gratia payment under the Pradhan Mantri Garib Kalyan Package announced by the government. The money is be credited to the individual bank account holders and an SMS is also sent to the account holders informing them on the date when they should withdraw from the nearby branch or the BC touch points.

The Bank’s Marginal Cost of Funds Based Lending Rate (MCLR) has been reduced by 15 basis points to 8.00% w.e.f. 12th April 2020.  For its retail customers, the Bank has reduced its Baroda Repo Linked Lending Rate (BRLLR) by 75 basis points with effect from March 28, 2020. The BRLLR linked to RBI Repo Rate is revised downwards in line with the reduction on Reserve Bank of India Repo Rate from 5.15% to 4.40% after the central bank slashed it by 75 basis points. The move was aimed encouraging customers to avail the credit lines that have been opened and assure that the Bank is available at all times to meet all the credit requirements most conveniently. The BRLLR for all new floating rate loans for all personal loans and retail loans of all asset classes and floating rate loans to Micro, Small and Medium Enterprises, is now 7.25%. For existing loans, the interest rate under the external benchmark shall be reset at monthly intervals linked to BRLLR. However, there has been no change in the mark-up /base spread or strategic premium.

In pursuance to the Reserve Bank of India’s (RBI) COVID 19 regulatory package announcement, the Bank has provided a moratorium of three months on payment of all instalments falling due between March 01, 2020 to May 31, 2020 for all term loans including corporate, Micro, Small and Medium Enterprises (MSME), Agriculture, Retail such as Housing, Auto, Education and Personal. Interest shall continue to accrue on the outstanding portion of the term loans during the moratorium period. These measures are to help mitigate debt servicing on account of disruption brought about by COVID 19 and ensure continuity of business. For all the customers whose Standing Instructions for deduction of monthly instalments have been implemented, the Bank has texted the customers in case they want a refund of the instalments of March and April as well as deferment for the instalment till up to May.

Further, the Bank launched the “Baroda Personal Loan COVID 19” for its existing Retail Loan customers (Home Loan, Auto Loan & Loan against property). The objective was to tide over the liquidity mismatch to existing customers. The customer could approach their existing branches to avail this personal loan up to a maximum limit INR 5 lakhs in a hassle-free manner. This being a special personal loan, the Bank has kept a much lower interest rate linked to the Baroda Repo Linked Lending Rate (BRLLR) than its regular personal loan schemes and the customers may avail the benefits under the scheme till 30th September 2020.

Bank of Baroda announced zero charges on digital transactions for retail customers for three months to ensure the safety of its customers and to provide enhanced and uninterrupted banking experience. The ‘Stay Safe. Bank Safe’ along with the ‘Khushiyon Ka Remote Control’ initiative aimed at encouraging customers to bank digitally and equipping them to avail the Bank’s services from a remote location, without visiting the branch.

For MSME and corporate borrowers, the banking giant has rolled out the ‘Baroda COVID Emergency Credit Line (BCECL)’ to provide Emergency Credit Line like Short- Term Loan/Demand Loans. This means that the Bank has decided to make a maximum of 10% of the existing Fund Based Working Capital Limits (FBWC) subject to a maximum of INR 200 crore. This is in addition to existing Adhoc/excess/SLC/Gold Card Limit. The interest rate for corporate borrowers would be one-year MCLR of 8.00% without the standard premium and for MSMEs, the rate of interest would be at BRLLR of 7.25%.

For the agriculture segment, Bank of Baroda floated various schemes to ensure immediate financial assistance to Women Self Help Groups (SHG), to meet their domestic and agriculture needs and an Emergency Credit Line for Farmer Producer Organization (FPO/ FPC) to meet the temporary liquidity mismatch of FPO / FPCs arising out of COVID-19. Under the Additional Assurance to SHGs-COVID19 scheme, the Bank will provide support to existing SHG facilities in the form of Cash Credit/Overdraft/Term Loan/Demand Loan. The minimum loan amount is INR 30000 per SHG and maximum loan amount granted under the scheme is INR 1 lakh per SHG, repayable in 24 months. The repayment for this scheme would be on a monthly / quarterly basis and the moratorium will be for a period six months from the date of disbursement.

Bank of Baroda has also cut deposit interest rates, on Domestic Term Deposits including NRO, NRE & Non-Callable deposits of below INR 2.00 Crore w.e.f. 9″ April 2020. A sum of INR 20 crore has been handed to the government on behalf of the Bank’s employees for the PM-CARES Fund for the fight against coronavirus.

Together, we shall overcome

As the world comes together in its battle against a situation unheard, unseen before, banks are required to take on the responsibility of easing the financial ecosystem and enabling credit assistance to those who need it. As the whole finance sector gears up for the ‘New Normal’, Bank of Baroda is committed to providing comprehensive financial aid through various efforts and initiatives to continue in contributing to the Indian economy.

City Today News

(citytoday.media)

9341997936