1. NPCI links 15 crore bank accounts with Aadhar
National Payments Corporation of India (NPCI), the umbrella organization for all retail payments system in India, said on Friday that it reached a major milestone of successfully linking 15 crore bank accounts with Aadhaar number. It is expected that soon all beneficiaries of all types of government subsidiaries / benefit transfers will be brought under the linkage program.
“The current focus is on linking the bank accounts of 17 crore DBTL (direct benefit transfer) beneficiaries with Aadhaar numbers, latest by June 30, 2015,” NPCI stated in a press release.
“Such a framework of electronic benefit transfer would not only be unique but also be one of the largest in the world,” said A P Hota, MD and CEO, NPCI. “The extent of leakage prevented due to this unique system would be visible on completion of running the scheme for about a year,” he added.
2. National Insurance gets new CMD
PJ Joseph has taken over as the Chairman and Managing Director of Kolkata-headquartered National Insurance Company. Simultaneously, he will hold responsibility as the CMD of Agricultural Insurance Company. Joseph has over 35 years experience in the insurance sector.
3.App for local trains launched
Passengers of local trains in Hyderabad will now be able to see train schedules on their mobiles. RailYatri on Friday launched the first pan-India app for local train commuters, covering local trains at the top 11 locations, including Hyderabad, all across India. The app shows at any time the next local train.
With this, RailYatri app has the largest network of trains covering all local and national trains, a company release said. Commuters can now get information about more than 13000 local and long distance trains within one app.
Manish Rathi, co-founder and CEO, RailYatri.in said: “Despite the fact that between 28 and 35 per cent of the population in every metro city commutes by local trains, not much attention has been paid towards this mode of transport. Hence, we decided to bridge the gap and make local train commuters’ lives simpler.
4. RBI adopted Inflation Targeting as a policy tool for monetary regulation
Inflation Targeting: the new foundation of Monetary Policy Framework
Inflation targeting was in news recently as Union Government and Reserve Bank of India (RBI) on 20 February 2015 signed an agreement on Monetary Policy Framework. As per the agreement, RBI accepted to focus on flexible inflation targeting.
Inflation targeting is defined as an economic policy in which a central bank estimates or decides for a medium-term target inflation rate.In Indian context, as per the agreement, inflation targeting means that the RBI will have to maintain Consumer Price Index (CPI)-based inflation targets below six per cent by January 2016 and four per cent from 2016-17, with a band of plus/minus two per cent.
The new framework makes RBI more accountable as now it will have to explain to the government if it fails to meet the inflation targets. The transition from monetary targeting suggested by Chakravarty Committee (1988) to Inflation targeting suggested by Urijit Patel Committee is similar to the practice adopted by central banks in developed countries.
Benefits of Inflation Targeting
The benefits of inflation targeting are many. Two of the prominent benefits of inflation targeting are enhancement of transparency and reduction of price variability.
The most important benefit of inflation targeting is that it helps the central banks to maintain low inflation and low inflation eventually promotes long term growth.
Other most important benefits of using inflation targeting include enhanced public understanding of monetary policy, increased central bank accountability, and an improved state for economic growth.
5. BBC released a documentary film India's Daughter
British Broadcasting Corporation (BBC) on 4 March 2015 released a documentary film India's Daughter. The documentary film has been directed by Leslee Udwin.
The film is based on the Delhi gang rape and murder of the 23-year-old female named Nirbhaya that took place on 16 December 2012. The film was simultaneously released in Denmark, Sweden, Switzerland, Norway and Canada.
The documentary includes an interview conducted by British filmmaker Leslee Udwin and BBC of Mukesh Singh, the driver of the bus. Mukesh has made derogatory statements against women.
A Delhi court has restrained the media from publishing, broadcasting, telecasting or uploading the interview on the internet. Also, Indian Parliament witnessed outrage over the interview and demanded to ban the screening of the documentary to which Union Government heeded.
The makers of the documentary had earlier decided to release the film on the occasion of International Women’s Day on 8 March 2015. However, they decided it to launch it earlier following the decision by the Indian authorities to ban the film.
7. Gati Kintetsu ties up with IBM Commerce to improve product delivery
Express distribution and supply chain management firm Gati Kintetsu Express is partnering IBM Commerce to help online retailers in better product delivery.
Online retailers are trying out new methods to improve the delivery system as the Indian e-commerce MARKET is poised to grow 37 per cent to reach $20 billion this year.
“This growing e-commerce MARKET poses a challenge to logistics companies, who must keep pace with consumer demand for instantly available products offered at a competitive price,” the company said.
National Payments Corporation of India (NPCI), the umbrella organization for all retail payments system in India, said on Friday that it reached a major milestone of successfully linking 15 crore bank accounts with Aadhaar number. It is expected that soon all beneficiaries of all types of government subsidiaries / benefit transfers will be brought under the linkage program.“The current focus is on linking the bank accounts of 17 crore DBTL (direct benefit transfer) beneficiaries with Aadhaar numbers, latest by June 30, 2015,” NPCI stated in a press release.
“Such a framework of electronic benefit transfer would not only be unique but also be one of the largest in the world,” said A P Hota, MD and CEO, NPCI. “The extent of leakage prevented due to this unique system would be visible on completion of running the scheme for about a year,” he added.
2. National Insurance gets new CMD
PJ Joseph has taken over as the Chairman and Managing Director of Kolkata-headquartered National Insurance Company. Simultaneously, he will hold responsibility as the CMD of Agricultural Insurance Company. Joseph has over 35 years experience in the insurance sector.
3.App for local trains launched
Passengers of local trains in Hyderabad will now be able to see train schedules on their mobiles. RailYatri on Friday launched the first pan-India app for local train commuters, covering local trains at the top 11 locations, including Hyderabad, all across India. The app shows at any time the next local train.
With this, RailYatri app has the largest network of trains covering all local and national trains, a company release said. Commuters can now get information about more than 13000 local and long distance trains within one app.
Manish Rathi, co-founder and CEO, RailYatri.in said: “Despite the fact that between 28 and 35 per cent of the population in every metro city commutes by local trains, not much attention has been paid towards this mode of transport. Hence, we decided to bridge the gap and make local train commuters’ lives simpler.
4. RBI adopted Inflation Targeting as a policy tool for monetary regulation
Inflation Targeting: the new foundation of Monetary Policy Framework
Inflation targeting was in news recently as Union Government and Reserve Bank of India (RBI) on 20 February 2015 signed an agreement on Monetary Policy Framework. As per the agreement, RBI accepted to focus on flexible inflation targeting.
Inflation targeting is defined as an economic policy in which a central bank estimates or decides for a medium-term target inflation rate.In Indian context, as per the agreement, inflation targeting means that the RBI will have to maintain Consumer Price Index (CPI)-based inflation targets below six per cent by January 2016 and four per cent from 2016-17, with a band of plus/minus two per cent.
The new framework makes RBI more accountable as now it will have to explain to the government if it fails to meet the inflation targets. The transition from monetary targeting suggested by Chakravarty Committee (1988) to Inflation targeting suggested by Urijit Patel Committee is similar to the practice adopted by central banks in developed countries.
Benefits of Inflation Targeting
The benefits of inflation targeting are many. Two of the prominent benefits of inflation targeting are enhancement of transparency and reduction of price variability.
The most important benefit of inflation targeting is that it helps the central banks to maintain low inflation and low inflation eventually promotes long term growth.
Other most important benefits of using inflation targeting include enhanced public understanding of monetary policy, increased central bank accountability, and an improved state for economic growth.
5. BBC released a documentary film India's Daughter
British Broadcasting Corporation (BBC) on 4 March 2015 released a documentary film India's Daughter. The documentary film has been directed by Leslee Udwin.
The film is based on the Delhi gang rape and murder of the 23-year-old female named Nirbhaya that took place on 16 December 2012. The film was simultaneously released in Denmark, Sweden, Switzerland, Norway and Canada.
The documentary includes an interview conducted by British filmmaker Leslee Udwin and BBC of Mukesh Singh, the driver of the bus. Mukesh has made derogatory statements against women.
A Delhi court has restrained the media from publishing, broadcasting, telecasting or uploading the interview on the internet. Also, Indian Parliament witnessed outrage over the interview and demanded to ban the screening of the documentary to which Union Government heeded.
The makers of the documentary had earlier decided to release the film on the occasion of International Women’s Day on 8 March 2015. However, they decided it to launch it earlier following the decision by the Indian authorities to ban the film.
6. Former Bihar CM Ram Sundar Das passes away
Fomer Bihar Chief Minister Ram Sundar Das passes away in Patna on Friday due to age-related problems. He was 95. Das, who was admitted to Patna Medical College and Hospital two days back, breathed his last at 4 am. He is survived by two sons and one daughter. His wife passed away earlier.
Upon learning of Das's death, Bihar Chief Minister Nitish Kumar rushed to his home at Kankarbagh in Patna. Kumar also announced a state funeral for Das.
Das was chief minister of Bihar as the head of the Janata Party government in 1979
Express distribution and supply chain management firm Gati Kintetsu Express is partnering IBM Commerce to help online retailers in better product delivery.
Online retailers are trying out new methods to improve the delivery system as the Indian e-commerce MARKET is poised to grow 37 per cent to reach $20 billion this year.
“This growing e-commerce MARKET poses a challenge to logistics companies, who must keep pace with consumer demand for instantly available products offered at a competitive price,” the company said.
Hyderabad-based Gati KWE, whose delivery network includes air, road, and rail, operates a fleet of 3,500 vehicles with more than 3,000 business partners across India. To manage an increasing volume of business with a multitude of retailers, Gati KWE tapped into IBM Commerce’s capabilities to better integrate and coordinate the complex and time-sensitive flow of products from warehouse to store to home..
1. NPCI links 15 crore bank accounts with Aadhar
National Payments Corporation of India (NPCI), the umbrella organization for all retail payments system in India, said on Friday that it reached a major milestone of successfully linking 15 crore bank accounts with Aadhaar number. It is expected that soon all beneficiaries of all types of government subsidiaries / benefit transfers will be brought under the linkage program.
“The current focus is on linking the bank accounts of 17 crore DBTL (direct benefit transfer) beneficiaries with Aadhaar numbers, latest by June 30, 2015,” NPCI stated in a press release.
“Such a framework of electronic benefit transfer would not only be unique but also be one of the largest in the world,” said A P Hota, MD and CEO, NPCI. “The extent of leakage prevented due to this unique system would be visible on completion of running the scheme for about a year,” he added.
2. National Insurance gets new CMD
PJ Joseph has taken over as the Chairman and Managing Director of Kolkata-headquartered National Insurance Company. Simultaneously, he will hold responsibility as the CMD of Agricultural Insurance Company. Joseph has over 35 years experience in the insurance sector.
3.App for local trains launched
Passengers of local trains in Hyderabad will now be able to see train schedules on their mobiles. RailYatri on Friday launched the first pan-India app for local train commuters, covering local trains at the top 11 locations, including Hyderabad, all across India. The app shows at any time the next local train.
With this, RailYatri app has the largest network of trains covering all local and national trains, a company release said. Commuters can now get information about more than 13000 local and long distance trains within one app.
Manish Rathi, co-founder and CEO, RailYatri.in said: “Despite the fact that between 28 and 35 per cent of the population in every metro city commutes by local trains, not much attention has been paid towards this mode of transport. Hence, we decided to bridge the gap and make local train commuters’ lives simpler.
4. RBI adopted Inflation Targeting as a policy tool for monetary regulation
Inflation Targeting: the new foundation of Monetary Policy Framework
Inflation targeting was in news recently as Union Government and Reserve Bank of India (RBI) on 20 February 2015 signed an agreement on Monetary Policy Framework. As per the agreement, RBI accepted to focus on flexible inflation targeting.
Inflation targeting is defined as an economic policy in which a central bank estimates or decides for a medium-term target inflation rate.In Indian context, as per the agreement, inflation targeting means that the RBI will have to maintain Consumer Price Index (CPI)-based inflation targets below six per cent by January 2016 and four per cent from 2016-17, with a band of plus/minus two per cent.
The new framework makes RBI more accountable as now it will have to explain to the government if it fails to meet the inflation targets. The transition from monetary targeting suggested by Chakravarty Committee (1988) to Inflation targeting suggested by Urijit Patel Committee is similar to the practice adopted by central banks in developed countries.
Benefits of Inflation Targeting
The benefits of inflation targeting are many. Two of the prominent benefits of inflation targeting are enhancement of transparency and reduction of price variability.
The most important benefit of inflation targeting is that it helps the central banks to maintain low inflation and low inflation eventually promotes long term growth.
Other most important benefits of using inflation targeting include enhanced public understanding of monetary policy, increased central bank accountability, and an improved state for economic growth.
5. BBC released a documentary film India's Daughter
British Broadcasting Corporation (BBC) on 4 March 2015 released a documentary film India's Daughter. The documentary film has been directed by Leslee Udwin.
The film is based on the Delhi gang rape and murder of the 23-year-old female named Nirbhaya that took place on 16 December 2012. The film was simultaneously released in Denmark, Sweden, Switzerland, Norway and Canada.
The documentary includes an interview conducted by British filmmaker Leslee Udwin and BBC of Mukesh Singh, the driver of the bus. Mukesh has made derogatory statements against women.
A Delhi court has restrained the media from publishing, broadcasting, telecasting or uploading the interview on the internet. Also, Indian Parliament witnessed outrage over the interview and demanded to ban the screening of the documentary to which Union Government heeded.
The makers of the documentary had earlier decided to release the film on the occasion of International Women’s Day on 8 March 2015. However, they decided it to launch it earlier following the decision by the Indian authorities to ban the film.
7. Gati Kintetsu ties up with IBM Commerce to improve product delivery
Express distribution and supply chain management firm Gati Kintetsu Express is partnering IBM Commerce to help online retailers in better product delivery.
Online retailers are trying out new methods to improve the delivery system as the Indian e-commerce MARKET is poised to grow 37 per cent to reach $20 billion this year.
“This growing e-commerce MARKET poses a challenge to logistics companies, who must keep pace with consumer demand for instantly available products offered at a competitive price,” the company said.
National Payments Corporation of India (NPCI), the umbrella organization for all retail payments system in India, said on Friday that it reached a major milestone of successfully linking 15 crore bank accounts with Aadhaar number. It is expected that soon all beneficiaries of all types of government subsidiaries / benefit transfers will be brought under the linkage program.“The current focus is on linking the bank accounts of 17 crore DBTL (direct benefit transfer) beneficiaries with Aadhaar numbers, latest by June 30, 2015,” NPCI stated in a press release.
“Such a framework of electronic benefit transfer would not only be unique but also be one of the largest in the world,” said A P Hota, MD and CEO, NPCI. “The extent of leakage prevented due to this unique system would be visible on completion of running the scheme for about a year,” he added.
2. National Insurance gets new CMD
PJ Joseph has taken over as the Chairman and Managing Director of Kolkata-headquartered National Insurance Company. Simultaneously, he will hold responsibility as the CMD of Agricultural Insurance Company. Joseph has over 35 years experience in the insurance sector.
3.App for local trains launched
Passengers of local trains in Hyderabad will now be able to see train schedules on their mobiles. RailYatri on Friday launched the first pan-India app for local train commuters, covering local trains at the top 11 locations, including Hyderabad, all across India. The app shows at any time the next local train.
With this, RailYatri app has the largest network of trains covering all local and national trains, a company release said. Commuters can now get information about more than 13000 local and long distance trains within one app.
Manish Rathi, co-founder and CEO, RailYatri.in said: “Despite the fact that between 28 and 35 per cent of the population in every metro city commutes by local trains, not much attention has been paid towards this mode of transport. Hence, we decided to bridge the gap and make local train commuters’ lives simpler.
4. RBI adopted Inflation Targeting as a policy tool for monetary regulation
Inflation Targeting: the new foundation of Monetary Policy Framework
Inflation targeting was in news recently as Union Government and Reserve Bank of India (RBI) on 20 February 2015 signed an agreement on Monetary Policy Framework. As per the agreement, RBI accepted to focus on flexible inflation targeting.
Inflation targeting is defined as an economic policy in which a central bank estimates or decides for a medium-term target inflation rate.In Indian context, as per the agreement, inflation targeting means that the RBI will have to maintain Consumer Price Index (CPI)-based inflation targets below six per cent by January 2016 and four per cent from 2016-17, with a band of plus/minus two per cent.
The new framework makes RBI more accountable as now it will have to explain to the government if it fails to meet the inflation targets. The transition from monetary targeting suggested by Chakravarty Committee (1988) to Inflation targeting suggested by Urijit Patel Committee is similar to the practice adopted by central banks in developed countries.
Benefits of Inflation Targeting
The benefits of inflation targeting are many. Two of the prominent benefits of inflation targeting are enhancement of transparency and reduction of price variability.
The most important benefit of inflation targeting is that it helps the central banks to maintain low inflation and low inflation eventually promotes long term growth.
Other most important benefits of using inflation targeting include enhanced public understanding of monetary policy, increased central bank accountability, and an improved state for economic growth.
5. BBC released a documentary film India's Daughter
British Broadcasting Corporation (BBC) on 4 March 2015 released a documentary film India's Daughter. The documentary film has been directed by Leslee Udwin.
The film is based on the Delhi gang rape and murder of the 23-year-old female named Nirbhaya that took place on 16 December 2012. The film was simultaneously released in Denmark, Sweden, Switzerland, Norway and Canada.
The documentary includes an interview conducted by British filmmaker Leslee Udwin and BBC of Mukesh Singh, the driver of the bus. Mukesh has made derogatory statements against women.
A Delhi court has restrained the media from publishing, broadcasting, telecasting or uploading the interview on the internet. Also, Indian Parliament witnessed outrage over the interview and demanded to ban the screening of the documentary to which Union Government heeded.
The makers of the documentary had earlier decided to release the film on the occasion of International Women’s Day on 8 March 2015. However, they decided it to launch it earlier following the decision by the Indian authorities to ban the film.
6. Former Bihar CM Ram Sundar Das passes away
Fomer Bihar Chief Minister Ram Sundar Das passes away in Patna on Friday due to age-related problems. He was 95. Das, who was admitted to Patna Medical College and Hospital two days back, breathed his last at 4 am. He is survived by two sons and one daughter. His wife passed away earlier.
Upon learning of Das's death, Bihar Chief Minister Nitish Kumar rushed to his home at Kankarbagh in Patna. Kumar also announced a state funeral for Das.
Das was chief minister of Bihar as the head of the Janata Party government in 1979
Express distribution and supply chain management firm Gati Kintetsu Express is partnering IBM Commerce to help online retailers in better product delivery.
Online retailers are trying out new methods to improve the delivery system as the Indian e-commerce MARKET is poised to grow 37 per cent to reach $20 billion this year.
“This growing e-commerce MARKET poses a challenge to logistics companies, who must keep pace with consumer demand for instantly available products offered at a competitive price,” the company said.
Hyderabad-based Gati KWE, whose delivery network includes air, road, and rail, operates a fleet of 3,500 vehicles with more than 3,000 business partners across India. To manage an increasing volume of business with a multitude of retailers, Gati KWE tapped into IBM Commerce’s capabilities to better integrate and coordinate the complex and time-sensitive flow of products from warehouse to store to home..
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