#micro atm api provider in india | Explore Tumblr Posts and Blogs

ezulixaeps · 3 years

Text

Looking AEPS Service App with Secured B2B Admin Portal?

Payment methods are changing over the time with technology. India is moving towards digital banking. Government is encouraging and supporting cashless society in India by starting new banking alternatives like AEPS service. In this article, I will explain about AEPS service and AEPS service app with it’s benefits and key features.

So without wasting time, I come to the point.

Why AEPS is in Demand?

AEPS stands for Aadhaar enabled payment system. This is a payment method that encouraging banking in rural areas where no banking solutions available. AEPS is aadhaar card centric banking solution that can be performed by visiting nearby business correspondent.

To perform AEPS service, bank customer’s bank account must be linked with Aadhaar card.

Business correspondent has an AEPS service app linked with any bank through AEPS portal provider company.

It means no matter where you are living, If you have Aadhaar card in India, you can use banking anywhere hustle-free.

Best AEPS Service App Provider Company in India

So If you are planning to start your own AEPS business as an admin and looking for best AEPS service app provider then you are at right place.

Here I will explain you how you can start AEPS with your brand, your logo with top AEPS company.

Ezulix software is well known AEPS service provider company in fintech Industry that offers cost-effective AEPS service app integrated with b2b admin portal.

We have skilled AEPS software developers who are expert in fintech solution development.

We facilitate you secured AEPS service app integrated with AEPS portal and your brand website. As an admin, you have all the rights of your portal. You can make unlimited members and can provide all bank AEPS service by the name of your own brand.

For members we have AEPS service app so that they can easily access all banking services. Members can login into your admin app and can earn commission by offering banking services.

Also Read This: Top 5 AEPS Company 2022

Why Start AEPS Business with Brand Ezulix?

We provide you standard b2b AEPS software with AEPS service application and website.

Most of the retailers don’t have budget to buy a system like laptop or desktop. To resolve this problem, we provide AEPS service app to admin. All members can use AEPS service by login in this application.

This AEPS service app is fast, secured and easy to use for everyone. Members just have to login in this app and connect it with bio metric machine for user-authentication.

That’s it.

Admin can change software theme, function, services as per need

3 Tier security levels

24*7 real-time AEPS settlement

Provide AEPS service through multiple banks

Integrated with high commission AEPS API

Unique design

Success ratio of AEPS transaction is 99.7%

We provide you micro ATM with add-on mPOS feature

Manual training and free tech-support

So these are few highlights of our AEPS cash withdrawal app. You can manage all your members and employees by using its add-on employee management system.

Along with this, your members can use Khata Book and Online Shopping Features totally FREE.

Conclusion

Starting AEPS business in 2022 can be a great move by you. If we talk about AEPS transactions over the years, it is increasing exponentially.

Profit percentage is high while risk of failure is very low in AEPS business If you do it by process and by following guidelines of NPCI.

To start AEPS business with us, you have to apply for a free live demo. Our team contact you and explain you everything step by step. This is totally FREE.

#aeps service app #aeps cash withdrawal app #aeps service portal #aeps app

2 notes · View notes

rbpfinivis · 2 years

Text

Best Micro ATMs device & service provider company in India - RBP Finivis

RBP Finivis is a leading service provider of aeps and micro atm services and solutions in India. It offers the best Micro ATM service with software, mobile app, and micro ATM devices. The most impressive part of this assistance is that it is likewise valuable to those who are not banked. They can likewise send cash to their friends and family immediately.

#atm service providers #micro atm #Micro ATM service provider Company

0 notes

micro-atm-api · 3 years

Text

Get Micro ATM API Solution to Start Your FinTech Business

RBP Finivis Pvt Ltd is India’s largest B2B fintech platform delivering various banking API & SDK solutions to individuals and businesses of all sizes. One such API solution is micro atm api that has made us one of the finest micro atm api provider company in India. This simple functionality of api offers ordinary citizens easy access to secure financial services like cash withdrawal, etc. while businesses can make a good commission and better-earning opportunities without much investment and effort.

What Role does API Play for the Growth of Digital Banking?

An API plays an important role in making the banking system interoperable. Application Programming Interface is a software application that empowers and allows to connect various banking networks to interchange products and services needed to offer customers. This enables banks to offer even more features and feasible services that have made banking services available to each and every corner of the country. However, the time has now come to digitally transform India with the invention of APIs.

A Mini Version of ATM is an Outcome of API Solution

Micro atm is a mini version of an atm that does not occupy much space for its set-up. It is a portable device that can be carried anywhere. It can carry out basic banking transactions within a few seconds at a click. This amazing device came into existence only because of the arrival of advancements in the technology with the introduction of API (Application Programming Interface)

We with our experienced and pro-active technical team of developers developed & designed fully customized and highly scalable API solutions for businesses. With this advanced payment gateway, entrepreneurs can use their business ideas and strategies in the fintech industry without having much technical knowledge. In other words, we will be available 24*7 for their technical quarries and will solve them as early as possible.

Benefits of Micro ATM With Its Features:

· One can extend banking services anywhere in remote locations using a micro atm machine

· Cheap – It is a low-cost option for the existing traditional ATMs

· Portable – It is a portable device, easy to carry, easy to set up anywhere.

· Interoperable – It can work for any bank using debit cards.

· Secure – Connects banking network through GPRS technology for carrying banking transactions, making it safe and secure

Working of Micro ATM is Similar to Usual ATMs

First of all, you need to undergo a verification process of your debit card. For verification card swipe option is available. Once the verification is completed micro atm screen will display various transaction options. You need to select the option and the device will process the transaction. On a successful transaction, a message will be displayed on the screen and a receipt will be generated. You will also receive an SMS alert from your bank about the transaction.

Conclusion

To offer customers a powerful payment solution, RBP as a micro atm api provider company become a force in supplying the best banking platform. With our fully automated banking api solutions, businesses will enjoy unlimited flexibility and fly at great heights with success all around.

aadhaar se cash withdrawal krnye ka app

#micro atm api #micro atm #micro atm api provider #micro atm api provider company #matm api #matm api proivder #mini atm api provider #mini atm api provider company #micro atm sdk #micro atm device #cash withdrawal api #digital payments api #fintech api #banking api

1 note · View note

startlingworld · 3 years

Photo

The startling world is a Software and API provider company in India, we offer many kinds of API services like - AEPS API, BBPS API, flight booking, hotel booking, micro atm, etc. Solution with MLM software, Nidhi software, Services panel, etc.

Call Now: +91 9956251008

Website: www.startlingworld.in

#aeps api #aeps api provider #api commission #api integration

0 notes

cyrusrechargesolutions · 3 years

Link

Cyrus Recharge Software is top Software Company in Delhi, Jaipur, India, working since 2010. We have high profile professionals in different department like Mobile Recharge Software, MLM Recharge Software, B2B,B2C,B2B2C,B2B2B, AEPS Software, API Reselling Softwares, and Whitelabel Recharge Software that capable to complete project requirement of clients..Our company objective is to provide 100% satisfied service and support.

#atm machine price

0 notes

jovialchaosinfluencer · 3 years

Text

Know exactly what AEPS is and its particular uses.

Aeps is a particular system which is developed by the National Payments Company of India which enables people to actually carry out the financial transactions mostly on a Micro-White Label Atm by supplying only their particular Aadhaar number and checking it with the aid of their fingerprint/iris scan.

People may not have to actually mention the particulars of their particular bank account in order to carry out these transfers. With the assistance of this kind of payment system, people will simply send money from one bank account to somehow another via their Aadhaar numbers. Just try to contact the Best Recharge API Provider.

As the particular system runs on a single server, people may transfer money from mostly their own account to any of the account, irrespective of that bank under which the particular receiver's account is run. You can easily get the Mobile Recharge Api.

This scheme would provide another layer of authentication to financial transfers, as bank records will no longer be needed to be shown when these financial transactions are being carried out, and signatures from the account holder would be used to authorize the transaction. You can also become a Mobile Recharge API Provider.

Aeps Payment Benefits

There are a host of advantages to Aeps. Some of these are listed below:

Banking and non-banking operations may be carried out by a bank correspondent. Recharge Api is also present.

Banking correspondents of particularly one bank may also conduct transactions of some other banks.

Individuals don't have to provide a debit/credit card in order to allow transfers by Aeps. Usually Recharge API Free is good.

Fingerprinting is necessary for account verification through Aeps.

Micro PoS devices may be brought to distant areas, allowing people in the remote villages to make immediate purchases. Find the best Recharge API Provider in India.

What services should be used by Aeps?

Particular 6 services are given to the citizens through Aeps. There are the following:

Funds Withdrawal

Cash Deposition

Balance Survey

Aadhaar to Aadhaar Fund Conversion

Mini Declaration

EKYC – Strongest Finger Tracking/IRIS Detection

Shift of the Aeps Fund Cap

RBI has indeed set no restrictions for transactions which are made by Aeps. However, perhaps the various particular banks have limited the transactions made through Aeps to minimize, if any, the abuse of the payment mechanism. Recharge API Providers usually make a lot of money.

Why did the Indian government introduce the Aeps program?

The government has actually set the goal of getting all people into the banking system. It is not possible, however, to fully open the particular bank branches in all of the remote villages. As a result, the government has indeed come up mostly with AePS, where people from distant areas can conveniently be able to actually send or receive money and uses other kind of financial and otherwise non-financial banking facilities with now the help of further Micro ATMs and otherwise bank correspondents. You should always try to get Recharge API with High Margin.

Transactions made via this channel include biometric verification through the best detection of the index finger or iris. Signatures can be further forged, but once again fingerprints/iris cannot be forged. This made transfers safer. Api Recharge is actually very beneficial.

0 notes

aeps-api-provider-company · 3 years

Link

RBP FINIVIS provides Enterprises and Businesses numerous solutions for enhanced financial transactions such as AePS API, Micro ATM SDK, Micro ATM API, (BBPS) bharat bill payment system API, Domestic money transfer API (DMT), and many more.............

3 notes · View notes

indezonsolutions · 2 years

Text

AEPS Agent Portal

Aadhaar Enabled Payment System (AEPS) is a system is one of the several FINTECH product launched by National Payments Corporation of India (NPCI) that allows people to carry out financial transactions on a Web portal, Application platform, Micro-ATM by furnishing just their AADHAAR number and verifying it with the help of their fingerprint/iris scan. After Verifying Unique Identification no given by UDAI and interacting platform customer can either withdraw cash, check balance in their account or download mini statement.

AEPS Channel Partners: Indezon is reseller for AEPS service .We appoints AEPSagent partner, distributors, white label and API Partners. Our channel partner needs to keep laptop; Mobile APP or our Micro ATM Device and Biometric device after registration process is done.

BENEFITS OF AEPS TO CUSTOMERS

Enjoy card less cash withdrawal transaction via keeping Unique no

Option to even check balance and download mini Statement

Option to select bank where Unique no is registered without remembering bank account

Safe and secure digital transaction without compromising security of data loss

No minimum amount capping and selection of multiple banks.

BENEFITS OF AEPS TO AGENTS

By becoming Indezon Agents, a has new business opportunity

Increase product line to agents and thus increase income.

Instant Commission

Instant settlement to Wallet and 24*7 Move to bank option available

Option to work in PC/Laptop

Option to work in Mobile App.

Option to work in Micro ATM based withdrawal.

HOW TO DO AEPS TRANSACTION?

A0EPS transaction is simple; you need to follow below step to complete transaction:-

Visit our registered Indezon agent’s outlet and ask for services required.

Give our agents 12 Digit Aadharno and select bank and give mobile no.

Select transaction type-Cash Withdrawal /Balance Inquiry

Select Amount and authenticate your finger print or Iris Scan as per device

Once Finger print or Iris scan is authenticated transaction is complete.

Get payment from agent along with receipt.

Get SMS confirmation from your bank.

Note: Agents need to follow agents registration process and we provide agent Services at very low price. You can find our service charges from Service plans and costing options.

0 notes

salesabantikasingh690 · 4 years

Text

Apply Now! Earn Rs.50000/- Through RBL Bank Csp

Paythrough Softwares and Solutions has opened the door for all fintech enthusiasts to earn through bank csp. The best bank csp provider in the north and eastern India, Paythrough was launched in 2013. The under-banked population size in India is massive. Companies like Paythrough Softwares and Solutions have come up to bridge this gap. As an agent of Paythrough, you can have your mini bank in your area. At present, a special csp registration drive for the RBL bank is going on. Look at this mind-blowing earning opportunity which can change your life.

RBL Bank and its potentials

RBL Bank is one of India’s fastest-growing private sector banks. The bank has six specialized business verticals:

Corporate and Institutional Banking

Commercial Banking

Branch and Business Banking

Retail Assets

Development of Banking and Financial Inclusion

Treasury and Financial Markets Operations

RBL Bank provides a wide range of banking services like Online Banking, Personal Banking, Credit Card, Personal Loans, Fixed Deposits, Savings Accounts, and Insurance.

RBL Bank is expanding banking services in under-banked areas of India through Customer Service Point (csp). CSP Registration for agents is going on in the full swing across Bihar, West Bengal, Jharkhand, UP, MP, and Rajasthan. Paythrough is recruiting and registering agents to run bank csp on behalf of RBL Bank. You can earn more than Rs. 50000/- per month by becoming a Paythrough Mitra. We provide technology, software, training, and marketing support to grow your own fintech company at RBL Bank csp.

RBL Bank aeps – a step to make cashless India

The full form of aeps is Aadhaar Enabled Payment System. RBL Bank allows this business and banking transactions model to its registered agents. Through this, you can make a financial transaction at PoS (Point of Sale/ Micro ATM) as a bank Mitra using Aadhaar authentication. Grab this lifetime opportunity to prosper your banking business with Paythrough platforms like:

Paythrough Web

Paythrough Mobile

Paythrough API

Our platform comprises Loan Collection, Payment Platform, Milk Application, and Nach (National Automated Clearing House). There will always be tremendous customer flow at your RBL Bank csp and aeps.

#apply bank csp #bank csp #bank csp provider #csp distributor #csp agent registration #pay point csp #RBL csp registration #RBL bank csp #RBL bank csp apply online #RBL bank csp commission #RBL bank csp commission list #aadhaar based payment system #aadhaar enabled payment system #aeps banking #aeps digital payment #aeps distributor #aeps near me #best aeps company #RBL aeps registration

0 notes

edwardbailey286 · 4 years

Text

Next-Gen ATM Market 2020 Global Industry Size, Development, Trends and Forecast to 2027

Global Next-Gen ATM Market: Introduction

The next-gen API app model for ATMs was launched by ATM Industry Association. The model was developed for an industry whose installed base comprises more than 3.2 million ATMs around the world. According to ATM Industry Association, more than 180 global ATM companies participated in the development of the next-gen model. Next-gen ATMs will enable consumers to transact at ATMs for cash and value-added services via their mobile devices.

Global Next-Gen ATM Market – DynamicsIncreasing preference for customized financial services

Customer preferences vary widely in the current BFSI market scenario. Next-gen ATMs help banks and financial institutions to customize, personalize, and add more value to their services for customers. Next-gen ATMs help banks to provide value-added ATM services with best security practices.

Request A Sample Copy Of The Report

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=78134

Unawareness and Poor BFSI System Infrastructure

South America and Asia Pacific which are fast growing regions, face strong technological and digital gaps within the BFSI industry. The level of awareness among small and medium financial institutions is comparatively low in countries such as Indonesia, Vietnam, Paraguay, and other countries. Network infrastructure and the minimum requirement to smoothly run next-gen ATMs at remote locations is not very effective in these regions. Unawareness about next-gen ATMs and poor network infrastructure is thus hampering the growth of the market.

North America to Dominate the Global Next-Gen ATM Market

In terms of region, the global next-gen ATM market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the next-gen ATM market during the forecast period due to strong adoption of new BFSI technology within the region.

COVID-19 Impact on the Global Next-Gen ATM Market

The COVID-19 pandemic is expected to moderately impact the global next-gen ATM market for a short-term period. The level of investment with regards to next-gen ATMs in BFSI has reduced due to the lockdown in almost every region, as it requires major capital investment. COVID-19 is expected to impact this market till the year end 2020.

Global Next-Gen ATM Market – Competition Landscape

In October 2018, ATM Industry Association officially launched and declared the next generation ATM architecture designed by the Consortium, open for global business. The launch will enable consumers to transact at ATMs for cash and value-added services via their mobile devices.

NCR Corporation

NCR Corporation is headquartered in Atlanta, Georgia, U.S. It has nearly 34,000 employees across the globe and provides business software and services in 180 countries. NCR Corporation is a leading software- and services-led enterprise provider in the financial, retail, hospitality, telecom, and technology industries.

Global Next-Gen ATM Market: Segmentation

The global next-gen ATM market can be segmented based on:

Component

ATM Type

Region

Global Next-Gen ATM Market, by Component

Based on component, the global next-gen ATM market can be divided into:

Solution

Services

On-premise

Cloud

Managed

Professional

Global Next-Gen ATM Market, by ATM Type

In terms of ATM type, the global next-gen ATM market can be segregated into:

Location Based ATM

Operation Based ATM

On-site

Off-site

Worksite

Mobile

White Label

Brown Label

Yellow Label

Others

Regional analysis of the global next-gen ATM market includes:

North America

Europe

Asia Pacific

Middle East & Africa

South America

U.S.

Canada

Mexico

Rest of North America

Germany

U.K.

France

Russia

Italy

Spain

Nordics

Rest of Europe

China

India

Japan

Australia

Singapore

Malaysia

South Korea

Rest of Asia Pacific

UAE

Saudi Arabia

South Africa

Rest of Middle East & Africa

Brazil

Rest of South America

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Request For Covid19 Impact Analysis

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=78134

The study is a source of reliable data on:

Market segments and sub-segments

Market trends and dynamics

Supply and demand

Market size

Current trends/opportunities/challenges

Competitive landscape

Technological breakthroughs

Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market

Important changes in market dynamics

Market segmentation up to the second or third level

Historical, current, and projected size of the market from the standpoint of both value and volume

Reporting and evaluation of recent industry developments

Market shares and strategies of key players

Emerging niche segments and regional markets

An objective assessment of the trajectory of the market

Recommendations to companies for strengthening their foothold in the market

0 notes

leptonmapsworld · 5 years

Text

Store Locator: A Platform to increase your brand visibility

Why is a store locator must for your business?

A few years back, Google came up with the concept of micro-moments. They defined them as the moments where we intuitively turn to our smart-devices to obtain some kind of relevant information that drives our decision for some kind of action. They called these moments the ones that mattered the most for businesses in this information-driven world.

You can think of these micro-moments as critical touch points in the decision-making journey of a consumer. Since consumers can take action to satisfy their needs or curiosities at any given time from any place in the world, it becomes highly imperative for any business to be there in that micro-moment, because this is what will essentially determine if that consumer’s journey ends on your landing page with your product or service.

You might be thinking that this is all well and good but how is this value adding for my business? How can I ensure that my business is there for the consumer in this critical micro-moment?

Well, keep reading to find out.

It all starts with a simple Google search. The consumer asks some query and he expects to find an answer. This means that the first essential step for your business is providing visibility to your customer. So, if you are a bank and the customer is looking for some banking information, you would want him to see the branch or ATM which is nearest to him. If you are a restaurant in customer’s vicinity and he is looking for food, you would want him to find the directions to your restaurant. The point of significance here is that your business needs to be “Top of the Mind” as they say and one of the best ways to achieve this is with the help of a store locator.

A store locator is nothing but a simple functionality which helps your customers in finding the physical locations of your business with ease and convenience. On a macro level, the store locators help in increasing the visibility of your business, improve your search rankings and help in providing local information which is relevant to the consumer in that micro-moment. But on a more micro level, this directly results in increased website traffic and new leads, increased store footfall and increased saving of resources. Both macro and micro benefits eventually help in business optimization.

Consider another use related case where your business is spread across multiple locations. In this case, a store locator can help you optimize operations for your local business branches by providing local search results for a consumer’s query. This kind of location intelligence adds more value to the customer by providing them relevant and useful information that they need while at the same time they help multi-location businesses in customer acquisition/retention as well as business expansion.

In a world where information access has become so easy, it has become challenging for businesses to maintain their superiority because of the ever-increasing competition. The use of the Internet and Google has leveled the playing field and allowed various other competitors to target that same micro-moment of the consumer. This is where location intelligence can prove to be a unique differentiator which can provide your business with the much-needed competitive edge catapulting it to the skies and beyond. Smart Location Intelligence-based solutions can provide important demographic and region based geographical information. Analysis of this kind of data can help the business in figuring out consumer demand, demographic profiling, etc. which eventually helps in making key decisions regarding business expansion. For example, a bank can analyze the demographic information about a particular region before deciding to open a new branch.

How Can Lepton help your organization?

With 20 years of leadership in Location Intelligence and Analytics solutions, Lepton software has been helping businesses grow in various industries with informed planning, business expansion, performance, and operation optimization decisions. We are a premium Google Maps partner in India and Lepton has provided solutions to 8 different industries including BFSI, FMCG, and Retail to name a few.

SmartLocator is an out of box innovative solution provided by Lepton software [M1] that is built on Google Maps APIs which allows a business to optimize its physical store and branch location experience for its customers. With SmartLocator, a business can ensure that It provides locally relevant and useful information to a potential customer. More importantly, it also provides driving directions and clear and convenient routes which can help customers to make a quick decision.

In this information age, one cannot stress enough the importance of being there for your customers at the right moment. Studies have shown that 90% of the smartphone users are not absolutely certain of the brand they wish to try when they start searching. So, if you are there for your current customers, this will only help deepen their loyalty and if you are there for people who are not your customers, it’s a good chance that they might just become your customers. It’s a win-win situation.

[M1]

#GoogleMapAPI #smartlocator #atm

0 notes

vaishcurrentaffairs-blog · 7 years

Text

Current Affairs September 12th

1. Ultra-thin craft to wrap space debris

Scientists are developing an ultra-thin spacecraft that can remove space debris — which potentially threatens satellites or astronauts — by enveloping junk in the Earth’s orbit and dragging it through the atmosphere, causing it to burn up.

The Brane Craft, being developed by U.S.-based Aerospace Corporation, is flexible and measures less than half the thickness of a human hair.

It has to be bullet-proof, because a five-micron diametre particle can penetrate the main structural sheet, which is only 10 microns thick.

The spacecraft’s microprocessor and digital electronics are fabricated in such a way that if one component gets damaged, the others will continue to work.

2. After 9 years, Ballari back on air map

After a gap of nearly nine years, Ballari is back on the air map, with the re-introduction of flight services under the Union government’s regional connectivity scheme (RCS), UDAN (Ude Desh ka Aam Nagrik), that enables the common man to fly at affordable rates from September 21.

As per the RCS, a private flight operator has come forward to introduce daily flight services, to begin with, between Hyderabad and Vidyanagar (JSW airport) at Toranagal.

Boost to tourism

The introduction of flight services is expected to give a boost to the tourism and economic growth of the district.

For, Hampi, the world heritage site, the Tungabhadra dam, the natural beauty of Sandur, which is a valley within a valley, Daroji Bear Sanctuary, the only and the largest such sanctuary in Asia, the neo-lithic Sangankal site, which was the largest village settlement in South India 5,000 years ago, are among other tourist attractions located within 30 km radius from the airport.

Apart from this, Ballari district is also known for economic activities owing to the availability of iron-rich quality ore, several steel plants, including the multi-crore integrated steel plant set up by JSW Steel, cement factories, sponge iron units among other industries established here.

3. IndusInd Bank, MFI Bharat Financial in merger talks

IndusInd Bank, which has been looking to expand its microfinance business, has begun ‘exclusive’ talks for a merger with micro lender Bharat Financial Inclusion (formerly SKS Microfinance).

Bharat Financial has a presence in 18 States covering one lakh villages. IndusInd Bank has 1,210 branches and 2,090 ATMs.

The merger gives the micro lender an opportunity to cut costs.

For IndusInd Bank, this potential merger would be synergistic, boost earnings (RoA’s would cross the 2% mark) and prove to be a long term positive, as it will have access to BhaFin’s granular retail loan book, increasing cross selling opportunities and scale benefits.

IndusInd shares rose 5.6% to ₹1,790.65 on the BSE.

4. Modi, Abe to lay foundation for bullet train project on September 14

Prime Minister Narendra Modi and his counterpart from Japan Shinzo Abe will lay the foundation for the country’s first high-speed train project — Ahmedabad-Mumbai bullet train — on September 14th in Ahmedabad.

The 508-km-long project to be built with estimated investment of ₹1,08,000 crore will be funded up to 81% by Japan with soft loan of ₹88,000 crore at interest rate of 0.1% with repayment period 50 years.

the Mumbai Ahmedabad High Speed Rail will be passing through two States, Maharashtra 155.642 km and Gujarat 350.530 km and one Union Territory of Dadra and Nagar Haveli 2 km.

The double-track project involves 21 km of tunnel with seven km under sea at Thane Creek in Mumbai.

There will be 12 stations catered to, starting from an underground station in Mumbai, while remaining stations at Thane, Virar, Boisar, Vapi, Bilimora, Surat, Bharuch, Vadodara, Anand, Ahmedabad, and Sabarmati will be elevated.

As part of the project, a dedicated High Speed Rail Training Institute is being developed in Vadodara and will become functional by end of 2020.

Around 4,000 staff members will be trained in this institute and they will be responsible for operation and maintenance of the ambitious project, which will usher in the new era of high-speed railways in the country.

The Central government’s flagship Make In India will also get a major boost as the high-speed train project’s implementation begins as most of the components, track systems and even rolling stocks will be manufactured in India with the help of the Japanese government and private-sector companies involved in manufacturing railway components.

This project is likely to generate employment for about 20,000 workers during the construction phase, who will be trained specialist to take up construction of such projects in India.

5. Chittoor cop is first Indian woman to scale Mt. Elbrus

Chittoor district Additional Superintendent of Police G.R. Radhika created a record by scaling Mount Elbrus, the highest mountain in Russia and in Europe, and the tenth most prominent peak in the world.

Radhika is the first Indian woman to scale the 18,550 ft Mt. Elbrus, a dormant volcano in Caucasus region in Southern Russia.

Instead of opting for the regular southern route to the mountain, Ms. Radhika achieved her target by scaling from the highly treacherous northern flanks. She would be returning to India on Wednes

Radhika had earlier scaled Mount Everest, the highest peak in the world, in May 2016, and became the first Indian woman police officer accomplishing the feat. In August 2016, she scaled Mount Kilimanjaro, the highest peak in Africa.

6. Andhra Chief Minister announces ₹100-cr. fund to encourage innovations

Chief Minister N. Chandrababu Naidu would allot ₹100 crore to create a separate fund to support out-of-the box ideas by aspiring entrepreneurs.

The three-day Indian Innovators’ Association (IIA) International Innovation Fair was participated by 30 foreign countries and about 300 innovations by Indian and overseas participants were displayed. The fair was organised by IIA in collaboration with APIS and International Federation of Inverters’ Associations (IFIA).

The Chief Minister and National Research Development Corporation (NRDC) Chairman and Managing Director H. Purushottam signed MoU to encourage startups through AP Innovation Society (APIS).

‘On the growth path’

He said as against a growth rate of 5.7% in the country, AP could achieve a growth rate of 11.72% in the first quarter.

Due to pro-active policies and governance on real-time basis, they were expecting much higher growth rate in future making AP among the top three States by 2022, best State by 2029 and one of the best destinations in the world for investments by 2050.

7. Food Safety and Standards Authority of India (FSSAI) launched ‘FoSCoRIS’

Food Safety and Standards Authority of India (FSSAI) launched ‘FoSCoRIS’, an online platform to bring in transparency in food safety inspection and sampling. FoSCoRIS platform will help eliminate discrepancy and will make food safety officers accountable for their inspection.

Highlights of the FoSCoRIS Platform • FoSCoRIS system will help in verifying compliance of food safety and hygiene standards by food businesses as per the government norms. • It will bring together all key stakeholders including food businesses, food safety officers, designated officers, state food safety commissioners. • It will help in sharing data related to inspection, sampling and test result by all officials seamlessly. • It will ease the process of sample collection by making it transparent and traceable and by controlling the quality of compliances. • For using this platform, Food Safety Officers (FSOs) require a hand-held device with internet connectivity. • For this purpose, FSSAI has asked all the states to provide such devices to FSOs and appoint a nodal officer for this purpose and send the details of the officers for integrating them with FoSCoRIS. • In the initial phase, FSSAI will bear the cost of rental plans of the hand-held devices for first three months to a maximum of Rs 500 per month per connection to first ten states and UTs.

About FSSAI: -

FSSAI is a nodal agency responsible for protecting and promoting public health in India through regulation and supervision of food safety. It was established under the Food Safety and Standards Act, 2006.

8. India and Afghanistan exchanged four pacts

India and Afghanistan exchanged four pacts in areas of health, transport, space and new development partnership.

Afghan Foreign Minister Salahuddin Rabbani was on a three-day visit to India. He was here to attend the 2nd meeting of the Strategic Partnership Council between India and Afghanistan.

The bilateral documents which were signed and exchanged include

(a) Motor Vehicles Agreement for the Regulation of Passenger, Personal and Cargo Vehicular Traffic.

(b) Memorandum of Understanding for mutual cooperation in the field of pharmaceutical products regulation. This MoU was signed and exchanged between the National Medicine and Healthcare Products Regulatory Authority of Afghanistan and the Central Drugs Standard Control Organisation (CDSCO), Directorate General of Health Services, Ministry of Health and Family Welfare.

(d) Letters establishing the New Development Partnership and launching 116 High Impact Community Development Projects.

In addition, the two nations agreed to expeditiously conclude the agreements/MoUs related to technical cooperation on police training and development, as well as technical cooperation between railway authorities; mutual legal assistance; and cooperation in the areas of food safety among others.

Next Meeting of the Strategic Partnership Council

It was agreed to have regular meetings of the Joint Working Groups, including monitoring implementation of the decisions taken.

Both sides agreed to hold the 3rd meeting of the Strategic Partnership Council in Kabul on mutually convenient dates in 2018.

The meeting of the Strategic Partnership Council is held under the aegis of bilateral Strategic Partnership Agreement 2011, which was held in New Delhi on 11 September 2017.

9. 12 September: International Day for South-South Cooperation

The International Day for South-South Cooperation was observed on 12 September 2017 by United Nations (UN).

The day celebrates the economic, social and political developments made in recent years by regions and countries in the south.

It also highlights UN’s efforts to work on technical cooperation among developing countries.

South-South cooperation is a broad framework of collaboration among countries of the South in the political, economic, social, cultural, environmental and technical domains.

This year, the Global South-South Development Expo 2017 will be hosted by Turkey and will take place in Antalya from 27 to 30 November 2017.

The theme of this Expo will be 'South-South Cooperation in the Era of Economic, Social and Environmental Transformation: Road to the 40th Anniversary of the Adoption of the Buenos Aires Plan of Action (BAPA+40)’.

10. Navika Sagar Parikrama flagged-off from Panaji.

Nirmala Sitharaman, Union Defence Minister, flagged-off the Navika Sagar Parikrama from Panaji.

The Navika Sagar Parikrama is a project wherein a team of women officers of the Indian Navy will go around the globe on an Indian-built sail boat Indian Naval Sailing Vessel Tarini (INSV Tarini).

It is the first-ever Indian circumnavigation of the globe by an all-women crew. The crew will attempt to circumnavigate the globe on Indian Navy’s sailing vessel INSV Tarini.

The crew is expected to return to Goa in April 2018, on completion of the voyage.

Key highlights

• The Navika Sagar Parikrama will be covered in five legs, with stop-overs at 4 ports. These ports are Fremantle in Australia, Lyttleton in New Zealand, Port Stanley in Falklands, and Cape Town in South Africa.

• During the voyage, the crew would monitor and report marine pollution on the high seas, as also interact extensively with local PIOs during various port halts to promote Ocean sailing.

• The crew would also collate and update Meteorological/ Ocean/ Wave data on a regular basis for accurate weather forecast by India Meteorological Department (IMD) and subsequent analysis by research and development organisations.

• The expedition is expected to promote Ocean Sailing activities in the Navy while depicting Union Government’s thrust for Nari Shakti.

• The Navika Sagar Parikrama also aims to show case the ‘Make in India’ initiative by sailing onboard the indigenously built INSV Tarini.

About Indian Naval Sailing Vessel Tarini

• INSV Tarini is a 55-foot sailing vessel.

• It has been built indigenously.

• The vessel was inducted in the Indian Navy earlier in the year 2017.

• The ship is being skippered by Lt. Commander Vartika Joshi, and the crew comprises Lt. Commanders Pratibha Jamwal, P Swathi, and Lieutenants S Vijaya Devi, B Aishwarya and Payal Gupta.

11. The Union Government reconstituted six Committees of the Cabinet

The Union Government reconstituted six Committees of the Cabinet after recent ministry reshuffle.

Defence Minister Nirmala Sitharaman and railway minister Piyush Goyal have been included in the Cabinet Committee on Political Affairs (CCPA), reaffirming their elevation in the Union Cabinet.

Sitharaman and Goyal, along with petroleum minister Dharmendra Pradhan, have also been included as permanent members of the Cabinet Committee on Economic Affairs (CCEA).

About Cabinet Committee

• Cabinet Committees are an organisational device to reduce the enormous workload of the Union Cabinet.

• They assist in-depth examination of policy issues and effective coordination.

• The Cabinet Committees are extra-constitutional in emergence, i.e., they are not mentioned in the Constitution.

There are six Cabinet Committees:

Appointments Committee of the Cabinet:The Committee is chaired by the Prime Minister of India. It decides all higher level appointments in the Cabinet Secretariat, Public enterprises, Banks and Financial Institutions.

Cabinet Committee on Accommodation: The Committee is chaired by the Home Minister of India. It is responsible for the allotment of accommodation for various top positions in the Government of India.

Cabinet Committee on Economic Affairs: The Committee is chaired by the Prime Minister of India. It directs and coordinates the governmental activities in the economic sphere.

Cabinet Committee on Parliamentary Affairs: The Committee is chaired by the Home Minister of India. It looks after the progress of government business in the Parliament.

Cabinet Committee on Political Affairs: The Committee is chaired by the Prime Minister of India. It deals with all policy matters pertaining to domestic and foreign affairs. Of all the Cabinet Committees, it is the most powerful committee. It is often described as a “Super-Cabinet”.

Cabinet Committee on Security: The Committee is chaired by the Prime Minister of India. It looks into the matters of defence expenditures and National Security.

12. The Bharat Petroleum Corporation (BPCL) to become a Maharatna company.

The Bharat Petroleum Corporation (BPCL) is all set to become a Maharatna company.

The company is currently a Navratna firm.

The decision to grant Maharatna status to BPCL was taken by a panel headed by the Cabinet secretary.

The Maharatna and Navaratna state-owned units operate in strategic fields such as petroleum, power supply, coal, heavy engineering, transportation services and telecommunications.

As per the government rules, a firm is eligible for Maharatna status if it is already a listed Navratna firm, has an average turnover at least Rs 25000 crore, net worth of Rs 15000 crore and an annual net profit after tax of Rs 5000 crore in the last three years. In addition, the fim should have significant global operations.

At present, there are seven Maharatna companies. They are Bharat Heavy Electricals, Coal India, GAIL (India), Indian Oil Corporation, NTPC, Oil and Natural Gas Corporation and Steel Authority of India.

About Bharat Petroleum Corporation

• The Bharat Petroleum Corporation Limited is an Indian state-controlled oil and gas company.

• The firm is headquartered in Mumbai, Maharashtra.

• It operates two large refineries of the country located at Mumbai and Kochi.

• As of 2016, the Corporation is ranked 358th on the Fortune Global 500 list of the world’s biggest corporations.

0 notes