It wouldn’t be an overestimation to say the success of the ‘Uber model’ inadvertently paved the way for certain developments in the banking and financial space. Many people may question the impact of a ride-sharing app on a mammoth-sized industry like banking, but it’s nevertheless true. What differentiated Uber from other, more well-established ride-hailing service providers present then, was the customer experience it offered. Powered by a mobile and easy interface, Uber was one of the first brands to deliver a customer experience that was defined by end-to-end digitisation.
Whether it’s shifting the work to a digital platform – or using the newest technologies to enhance the productivity, the BFSI segment has always been at the forefront when it comes to the adoption of automation. With the growth in technology followed by revolution in the smartphone space and internet penetration, new allied verticals like fintech firms have cemented their position.
An extraordinary crisis needs an extraordinary response. And, it’s an extraordinary situation in CBI indeed today. But unlike what a section of the media wants us to believe, it’s not a CBI vs CBI case, neither allegations of erstwhile number one CBI officer vs those of the number two.
Transposing the learning from the Bofors case, which capsized his father Rajiv Gandhi in the late 1980s, Rahul Gandhi believes with Rafale he can wing it to scupper Narendra Modi. Turning it into a hot button political issue, he is targeting the prime minister by insinuating that a dirty deal was struck between Modi and industrialist Anil Ambani, aka cronyism. Zipping on a wing and a prayer, he has pushed this agenda of a dirty defence deal incessantly and turned it into a poll issue. Lifting himself from a downward spiral of hopelessness, he has chosen to make this issue his centrifuge.
First the news. Deputy foreign minister MJ Akbar quits facing sexual harassment allegations from 36 women, so far. Prime minister Narendra Modi went by NSA Ajit Doval’s advice to seek ex-editor’s exit and the mounting charges swung decision for sure. The decision, it is said, was driven by Akbar’s failure to provide a clear picture of how many more women were likely to come forward as witnesses against him and what the content of their testimony might be – leaving the government open to a barrage of criticism.
Religious people have to abide by the rules of the country, and this involves acceptance of the Indian Constitution, which promoted equality and citizenship rights. Sabari had no sense of distance from Rama, when she gave him chewed fruit, which he ate out of his courtesy to her love for him. So also Ramanamaharshi promoted dialogue between celibates and householders, men and women and people of all faiths. (www.Ramanamaharshi.org).
Monsoon made such a splash in Kerala last month that it swept away not just precious lives but also rich flora & fauna leaving in its wake a trail of unmatched destruction. One without any precedence since the past century. India is suitably ranked as a region most prone to the world’s worst both natural and man-made disasters, clubbed with pollution and other environmental damages.
While India grapples with an unimaginable pushback from a sitting minister in the government to its #Metoo moment, here comes a good news from another part of the world. Ethiopian Prime Minister Abiy Ahmed on Tuesday unveiled a downsized cabinet where, in a first, half the members are women.
New age business models may have their presence in different jurisdictions globally. Businesses aiming to expand their market-reach set up operations in foreign countries as well. While this trend may bring fortune for business, it also poses a challenge in taxation due to operation in the varied countries on the other hand. Over time, it has been witnessed that taxpayers take undue advantage of the said challenges to avoid or reduce their tax liability by keeping their base in a low tax or no-tax jurisdiction.
The sighting of an Indian grey hornbill created a frenzy on a Lahore street on Monday. Wonder why? Once a native bird of Lahore, according to ornithologists, the population of the Indian grey hornbill has now gone down to an alarming level with only a few pair left in the city. So much so that the species is listed as “Near Threatened” in the country by the International Union for Conservation of Nature (IUCN).