The Reserve Bank of India (RBI) announced that a new Prepaid Payment Instrument (PPI) would be rolled out. This can be used for purchasing goods and services of up to Rs 10,000.Says Murali Nair, President of Zeta’s Banking Business, “This is the most encouraging cash replacement action that RBI has taken in recent times. This will bring on board new customers that stayed away from digital payments.”Bank backingClose A PPI is issued with the backing of a bank as the sponsor. The amount can be loaded in a new PPI only from your bank account. Adds Nair, “RBI should allow PPIs to be intermediaries for digitally distributing these new cards. They can scale up and encourage customers to opt for it.” related news Won't hesitate to prevent collapse of any large NBFC, says RBI's Shaktikanta Das Why RBI's status quo was in the offing Top 5 reasons why Sensex fell after RBI leaves rates unchanged These PPIs can be issued on the basis of minimum details … [Read more...] about RBI’s move to issue prepaid instruments, a fillip to cash replacement and digital transactions
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It’s no secret that Americans don’t sleep enough, with nearly a third of adults getting less than six hours of shut-eye per night. The CDC declared sleep a public health epidemic, spurring Silicon Valley to create a host of gadgets, robots, and even luxe homes to lull the restless back to bed. advertisement advertisement But many still rely on sleep aids such as Ambien or Xanax, which often have problematic side effects and result in dependence issues. The more health-conscious opt for more natural remedies like melatonin supplements, although it doesn’t work for everyone. To that end, newly launched Remrise hopes to embody a fully holistic sleep company that combines personalized supplements with tech. The company sells $55-per month subscriptions, which include plant-based sleep aids accompanied by a suite of digital tools: an online educational platform and a meditation app that connects to Fitbit, Oura, and other tracking devices. The startup secured … [Read more...] about The Hims of sleep? DTC brand reimagines snooze supplements
Future Consumer Ltd on December 3 named Rajnikant Sabnavis as the new Chief Executive Officer with effect from January 1, 2020.Sabnavis brings in over 30 years of experience in creating and leading dynamic FMCG brands across India.He worked with Hindustan Unilever Ltd (HUL) for 23 years and held major leadership positions across food and home and personal care categories.Close Sabnavis's last stint was as the the Chief Operating Officer at Jyothy Laboratories. related news Mastercard ties up with Thailand Tourism Authority Petronet LNG says in talks with several firms for liquefied natural gas Hyundai initiates feasibility study for fuel cell electric vehicles in India He helped set up the company's research and development and quality team, created innovation pipelines, go-to-market strategies and an efficient distribution management system that led to significant EBIDTA growth, gain in market share and gross margins in competitive segments including fabric … [Read more...] about Future Consumer ropes in Rajnikant Sabnavis as CEO
“This is a meditation, just with your body,” begins fitness instructor Taryn Toomey in her deep, gravelly voice, reminiscent of Kathleen Turner. “Feel what your mind is trying to tell you.” advertisement advertisement I am in The Class, billed as a “cathartic mind-body experience” by founder Toomey, who is leading the session in her Tribeca studio. The airy space is outfitted with marble counters, soothing neutral palettes, modern gold-plated fixtures, and wood floors embedded with a layer of rose quartz crystals. Tunes by Florence and the Machine and The XX set the pace of The Class’s routines. As instructed, I am squatting and breathing deeply as a chorus of Lululemon-clad attendees repeatedly shout, “Huh!” in unison. These affluent working women are using sound to (Toomey claims) harness and release energy, treating the class’s mix of cardio exercises, body conditioning, yoga, and meditation as a sort of therapy … [Read more...] about Is This Workout For Your Feelings What American Women Need Right Now?
The 2019 edition of OECD Economic Surveys: India report has projected India's gross domestic product (GDP) to grow at 5.8 percent for the financial year 2019-20."Growth has slowed since mid-2018, from a hefty pace, reflecting the sharp deceleration in private consumption," the report underlines.Changes in insurance regulations and liquidity stress in the non-banking financial companies (NBFCs) have affected car sales while the shutdown of one major airline and volatility in fuel prices have weighed on consumer confidence, the survey said.Close The report, despite forecasting muted GDP growth for India, says that the country remains a growth champion despite recent slowdown and going forward, growth is projected to recover. related news Govt may rework findings of Household Consumer Expenditure survey Country in trouble as PM Modi, Amit Shah live in 'imaginary' world: Rahul Gandhi Govt cannot suppress my voice in Parliament: Chidambaram For 2020, the survey projects … [Read more...] about OECD report projects India’s FY19-20 GDP growth to be 5.8%