India climbed one spot to 129 among 189 countries in the 2019 human development index, according to a report released by the United Nations Development Programme (UNDP) on December 9.In 2018, India's human development index (HDI) value of 0.647 had put it at 130 rank.In India, 27.1 crore people were lifted out of poverty from 2005-06 to 2015-16, UNDP India resident representative Shoko Noda said while releasing the UNDP's development report 2019 "Beyond income, beyond averages, beyond today: inequalities in human development in the 21st century".Close India's development initiatives like the Pradhan Mantri Jan Dhan Yojana (for financial inclusion) and Ayushman Bharat (for universal health care) were crucial in ensuring that "we meet our promise to leave no one behind and fulfil PM's vision of development for all", she said. related news Ready for high-level panel to monitor long term irrigation fund use: FM Sitharaman PM Modi cautions people against Congress in Jharkhand … [Read more...] about India ranks 129 in UN’s human development index
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Mastercard has partnered with seven fintechs to come on board its Accelerate programme. The start-ups include India’s BharatPe, Indonesia’s Eureka AI, Kenya’s Kasha, US-based Hydrogen and Ziosk, Israel’s Cyberwrite and mmuze.BharatPe is a digital bank that enables small- and medium-sized merchants in India to accept payments. In August 2019, it had crossed $18 million transaction volume mark on a monthly basis, competing with other payment apps like Paytm, PhonePe, Google Pay, BHIM, Mobikwik and Freecharge.These seven companies were chosen from 210 countries for their business models that attempt to mitigate the “financial impact of cyber risk for businesses, providing ecommerce platforms for women’s health and personal care, offering pay-on-demand solutions for casual dining restaurants, and much more”. With an aim to promote the adoption of digital payments and build the future of commerce, they will join the Mastercard’s Accelerate … [Read more...] about BharatPe the only Indian fintech selected for Mastercard’s Accelerate program
In a previous article, I shared five questions that today’s forward-thinking companies should be asking, based on input from top business consultants. This second installment, on the same theme, presents five more questions–but with a specific focus this time. These are questions that zero in on the mission and higher purpose of a company. Think of them as “mission questions.” advertisement advertisement Most companies, of course, articulate their missions by way of formal “statements.” But often they’re banal pronouncements (We save people money so they can live better. –WalMart) or debatable assertions (Yahoo! is the premier digital media company) that don’t offer much help in trying to gauge whether a company is actually living up to a larger goal or purpose. Questions, on the other hand, can provide a reality check on whether or not a business is staying true to what it stands for and aims to achieve. So herewith, … [Read more...] about Forget The Mission Statement. What’s Your Mission Question?
INOX Leisure gained 2.8 percent intraday on December 9 after global brokerage house CLSA remained bullish on the stock, having a buy call with a target price of Rs 450, implying a 23.55 percent potential upside from current levels."The company's focus remains on organic growth as it will continue with strong organic screen expansion, though it will be cautious in its approach towards inorganic growth," the brokerage said.The management dismissed an immediate threat from OTTs (over-the-top streaming platforms), CLSA said. "We continue to believe OTTs are complimentary for multiplexes," it added.Close Prabhudas Lilladher also retained its bullish stance on the stock after the company's interaction with the analysts at the Inox Megaplex in Mumbai. related news Citi says Jubilant FoodWorks well placed in attractive food services market, sees upside of over 5% 'Bullish sentiments for Nifty, Bank Nifty in medium to long term' While maintaining a buy call with a target of Rs … [Read more...] about Brokerages bullish on this multiplex chain, see double-digit returns
India climbed one spot to 129 among 189 countries in the 2019 human development index, according to a report by the United Nations Development Programme (UNDP).In India, 27.1 crore people were lifted out of poverty from 2005-06 to 2015-16, UNDP India resident representative Shoko Noda said.India ranked 130 last year. The steady progress was due to nearly three decades of rapid development, which had seen a dramatic reduction in absolute poverty, along with gains in life expectancy, education, and access to health care, she said.Close As per the HDI, no other region had experienced such rapid human development progress.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can … [Read more...] about India moves from 130 to 129 in human development index: UNDP report