The payments industry, which saw unprecedented changes and challenges during the pandemic crisis last year, expects 2021 to be the year of innovation. With more small businesses adopting digital channels, India could see millions of new users enter the digital ecosystem.
Saying they are desperate to escape poverty, unemployment, gang and drug violence and the aftermath of two devastating hurricanes, the migrants set out from Honduras last week, aiming to cross Guatemala and Mexico and reach the US — an arduous journey of thousands of kilometers.
Today, almost a year after Covid-19 descended on India, we are fully cognisant of the far-reaching impact of India’s healthcare system on people’s lives, their jobs, education, economy and collective morale. What is needed is enhanced spending on healthcare. The envisaged 2.5% of GDP is still a far cry from the current 1.3% allocation. It is also imperative to address the R&D needs of the pharma sector, beyond the current Covid-19 vaccination drive.
Competitive populism by offering financial benefits to the northeastern state’s 27 lakh microfinance borrowers has turned out to be major poll plank. It’s the opposition Congress which first promised waiver of loans taken from these institutions if the party is voted to power, with the incumbent Bharatiya Janata Party matching it.
Jewellery saw the biggest spends on CMS channels with a total value of ₹651 crore in the month of December, compared with ₹541 crore in January last year. Ecommerce transactions continued their bumper ride with payments totalling ₹430 crore in December, compared with ₹366 crore in January last year.
Chief Minister BS Yediyurappa performed the ground-breaking at the site, on Saturday, for the toy cluster being developed by Aequs Group, promoted by Aravind Melligeri, an entrepreneur hailing from the region. Melligeri is a co-founder of Quest Global, a multinational conglomerate which runs its SEZ in aerospace manufacturing in Belgavi district.