Author: NewsBits

How technology helps NGOs increase reach and efficiency

How technology helps NGOs increase reach and efficiency

Startups
Technology allows organizations to reach out to people, thanks to the positive transformation that it has brought into play—a crucial role in sustainable development. The 2017 Global NGO Online Technology Report (techreport.ngo) summarizes how non-government organizations worldwide use web applications and email communications, online and mobile fundraising tools and social and mobile media. According to the report, internet infrastructure will continue to improve worldwide, which means NGOs will become more empowered to use the internet to inspire philanthropy and create social change by 2025. The report shows that 71% of NGOs regularly send email updates to donors and supporters, while 92% of global NGOs have a Facebook page and 72% a Twitter handle. While assessing the online t
Government Tweaks Startup Definition, Benefits To Flow For 7 Years Now

Government Tweaks Startup Definition, Benefits To Flow For 7 Years Now

Startups
The government has introduced minor changes to the startup definition, saying a business not older than seven years will now qualify for benefits under the Startup India Action Plan. So far, only companies up to five years from the date of incorporation were eligible for concessions under the plan announced last year. As per the new definition, an entity shall be considered as a startup if its turnover is less than Rs. 25 crore - which remains unchanged -- and has not completed seven years from the date of its incorporation/registration. However, in the case of startups in the biotechnology sector, the period shall be up to 10 years, the commerce and industry ministry said in a notification. It also said that an entity shall be considered as a startup if it is working towards...
Facebook Acquires Start-Up Focused On Video-Editing

Facebook Acquires Start-Up Focused On Video-Editing

Technology
In a bid to build on its Augmented Reality (AR) ambitions, Facebook has acquired German computer vision startup Fayteq, which is known for its video-editing technology that makes it possible to add or remove objects from existing videos. Facebook has confirmed the acquisition but did not share any additional information on its plans, Variety reported on Saturday. The social network major can use the technology for object tracking in live videos as part of its AR efforts and also for applying digital effects to captured videos. Fayteq had been selling plug-ins for video editors like 'Adobe After Effects' that allowed video-editors to track objects in videos and then add or remove objects with help of the tracking data. The company on Friday told its customers that its products...
Exports Grow In September As Demand For Indian Chemicals, Engineering Soar

Exports Grow In September As Demand For Indian Chemicals, Engineering Soar

Business
India's export soared by 25.67 per cent to $28.61 billion in September on the back of rise in shipments of chemicals, petroleum and engineering products, official data released today showed. Import too rose by 18.09 per cent to $37.6 billion in September from $31.83 billion in the year-ago month, according to the data released by the commerce ministry. Trade balance stood almost flat at $8.98 billion in September 2017 against $9 billion in September 2016. Gold import dipped by 5 per cent to $1.71 billion last month. Oil and non-oil imports grew by 18.47 per cent and 17.98 per cent to $8.18 billion and $29.4 billion, respectively in September. Cumulative exports during April-September 2017-18 increased by 11.52 per cent to $147.18 billion, while imports grew by 25.08 per c...
RBI Policy Is ‘Anti-Growth’ Says FICCI Chief, Presses For Rate Cut

RBI Policy Is ‘Anti-Growth’ Says FICCI Chief, Presses For Rate Cut

General
FICCI President Pankaj Patel today slammed the Reserve Bank of India over its reluctance to cut interest rate, saying its policies were "not industry-friendly" and posed a hurdle in the country's economic growth. In its latest monetary policy review on October 4, the RBI had kept the policy rate unchanged at 6 per cent even as it cut the growth forecast to 6.7 per cent for the current fiscal. Patel said such a move was "anti-growth". "RBI is not behaving properly. It (RBI policy) is anti-growth," Patel told a group of Indian reporters here. Indian industry, Patel said, wishes that there be a drop in interest rates, on which, he said, the RBI has adopted a rigid approach. "We want a drop in interest rate. This (interest rate) is a huge problem now for us. Real interest rate i...
Aadhaar Saved The Government About 58,000 Crores, Says Nandan Nilekani

Aadhaar Saved The Government About 58,000 Crores, Says Nandan Nilekani

General
Nandan Nilekani, the architect of the Aadhaar card scheme, said that the government has saved about $9 billion (Rs. 58,204 crore) by eliminating fraud in government beneficiary lists. Participating in a World Bank panel, the 62-year-old non-executive chairman of Infosys said that the Aadhaar program has enrolled more than a billion people till now. Mr Nilekani also talked about the advantages of having a strong digital infrastructure in a developing country. "It has also saved the government about $9 billion in fraud and wastage because by having that unique number you eliminate fakes and duplicates from your beneficiary and employee list," Nilekani said at the event on the sidelines of the annual meeting of the International Monetary Fund (IMF) and the World Bank. Here are some ...
India Has High Growth Potential For Next 2 Decades, Says Arun Jaitley

India Has High Growth Potential For Next 2 Decades, Says Arun Jaitley

Startups
Finance Minister Arun Jaitley said on Friday that India has the potential to grow at a reasonably high level in the next decade or two, citing structural changes by the government and a turnaround in the global economy. The whole environment of doing business has changed in a matter of months, Mr Jaitley told a Washington audience at an event organised by the US-India Strategic and Partnership Forum. "India has the potential to grow at a reasonably high level in the next one-two decades. This is mainly because of the series of structural reforms being carried out by the government, turnaround in the global economy, and the massive investment opportunity that the infrastructure sector offers," said Mr Jaitley. "I am certain that now that the growth is returning back to the worl...
E-waste disposal from schools kicks starts in Kerala

E-waste disposal from schools kicks starts in Kerala

General
E-waste removal from Kerala schools has begun with about 12,500 kg being disposed statewide on a single day under a programme aiming to clear accumulated junk, reportedly estimated at over one crore kg. Education Minister Prof C Raveendranath flagged off the first vehicle with e-waste from a school here yesterday under the programme jointly initiated by Kerala Infrastructure and Technology for Education (KITE), formerly IT@School project and Clean Kerala Company for scientific processing. It is aimed at disposing e-Waste such as desktop computers, CRT monitors, laptops, disk drives, printers, UPS, camera, speaker system, television, network components and generators from 10,000 odd schools and educational offices in the state. Similar vehicles from Alappuzha, Puthukkad, Kozhikode ...
Here’s why RBI wants to regulate online P2P lending

Here’s why RBI wants to regulate online P2P lending

Business
Last week, the Reserve Bank of India (RBI) said it is set to bring peer-to-peer (P2P) lenders under its ambit. P2P lenders, most of whom are operating online, typically help borrowers get uncollateralised loans at rates higher than what traditional banks would lend them at. The central bank said it is waiting for a gazette notification from the central government before coming out with guidelines, which would bring a hitherto unregulated segment under its control. And, for good reason, perhaps, since lenders offering uncollateralised personal loans to individual customers and small businessmen have been mushrooming in the last three-four years. But how big is the P2P lending space in India? How many players are there? And, how fast has the segment been growing? Frankly, ther...
How Startups Can Compete in the IoT Space

How Startups Can Compete in the IoT Space

Startups
The IoT platform market has been growing at a record pace. Just a couple of years ago, the market only counted a few early vendors that were starting to court enterprises and device manufacturers. Today, the IoT platform space is a hyper competitive market encompassing a broad set of companies from telecommunication operators to platform as a service (PaaS) providers. Traditionally, the initial wave of innovation and early adoption in an enterprise software market is driven by innovative start-ups that are able to move faster than the incumbents. As the market develops, incumbents enter the fray, relying heavily on acquisitions helping to consolidate the market. That wave of mergers and acquisitions activity is a clear sign of a mature enterprise software market that is approaching its ...
            
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