Heena Sharma Blog

With the chit fund sector now on a firm legal pedestal with the recent passage of the Chit Funds (Amendment) Bill, 2019, the emerging fintech space surrounding chit finds is set to get a boost. At the heart of this growth is the quest for the gold mine of data hidden in sector, running into several million. Over the last couple of years, several fintech players are already in the business of data analytics in the chit fund sector, providing services like credit bureau checks and facilitating loans for chit fund subscribers and companies. Also, in the recent years, with banks and non-banking finance companies facing liquidity crunch, chit fund has become a booming business. According to T S Sivaramakrishnan, president, All India Chit Fund Association, and managing director of Balussery Benefit Chit Fund, the sector has been growing at about 10-15 per cent annually over the past few years. “ After demonetisation, we saw good growth in the value of chit funds. With banks, NBF

The rise of automation has so far had a negligible impact on jobs at a global scale, the World Bank chief economist said, despite common gloomy predictions that humans are set to be replaced by machines. While advanced economies have shed industrial jobs over the last two decades, the rise of the same sector in East Asia has more than compensated for the loss, according to an annual report published by the Washington-based international financial institution. “This fear that robots have eliminated jobs -- this fear is not supported by the evidence so far,” the World Bank’s Chief Economist Pinelopi Koujianou Goldberg said in an interview.The World Development Report 2019 is the latest in a series of efforts by academics, consultancies and governments to assess the impact of new technologies on employment. Past studies have often forecast automation will destroy more jobs than it creates. In its report, the World Bank instead stresses that the nature of work in the fut

In 1998, Google began humbly, formally incorporated in a Menlo Park garage, providing search results from a server housed in Lego bricks. It had a straightforward goal: make the poorly indexed World Wide Web accessible to humans. Its success was based on an algorithm that analyzed the linking structure of the internet itself to evaluate what web pages are most reputable and useful. But founders Sergey Brin and Larry Page had a much more ambitious goal: They wanted to organize the world’s information. Twenty years later, they have built a company going far beyond even that lofty goal, providing individuals and businesses alike with email, file sharing, web hosting, home automation, smartphones and countless other services. The playful startup that began as a surveyor of the web has become an architect of reality, creating and defining what its billions of users find, see, know or are even aware of. ALSO READ: 'Search' for the future: Google brings AI, more visuals

India's vision to be the skill capital of the world Current Affairs News: The Singapore e-Government Leadership Centre (eGL) at the National University of Singapore's Institute of Systems Science (NUS-ISS) and National Skill Development Corporation (NSDC) under the Ministry of Skill Development and Entrepreneurship, government of India have come together to collaborate with each other on the skilling initiatives for India's workforce. The two parties signed a Memorandum of Understanding (MoU) to enhance the skills in India's workforce during India Prime Minister Narendra Modi's visit to Singapore from 31st May to 2nd June 2018.They will work together to develop and implement skill development programmes across emerging technology areas like Data Analytics, Artificial Intelligence and Robotics. They will also cooperate and collaborate further especially in the areas of vocational training on new-age technologies, training of trainers and assessors, and