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Bengaluru, 23rd October 2024: United Way Bengaluru (UWB) in partnership with Zila Panchayat, Davangere supported by Advanced Micro Devices India Pvt. Ltd. (AMD), has set up digital classrooms enhancing coaching for students in Davangere district. These smart classrooms have been set up in 21 Pre-University Government colleges in the district.

The Joint Entrance Examination (JEE) by the National Testing Agency (NTA) under the Ministry of Education (MoE), Govt. of India is the basis for students entering the engineering stream. Considered as one of the toughest examinations in India, the JEE is the gateway for pursuing engineering as a career for students. In recent years, the quality of coaching has become a crucial factor in the probability of students getting a college and stream of their choice. Many students have to move cities to get quality training which uproots them from their family and local communities; it is also a large financial burden for the families to sustain such an effort. These barriers are a key reason many students find it difficult to score well in the JEE.

Recognizing this gap in the system, the Zila Panchayat, Davangere embarked on bringing world-class infrastructure available in the metros to Davangere by expanding access to technology with new smart classrooms. The ease of access and locally available infrastructure aim to bring quality training infrastructure to those who otherwise could not afford to travel to metros and to girls who have an interest but could not find coaching infrastructure locally.

It is anticipated that more than 6500 students studying in Davangere will benefit from these digital classrooms.

Speaking on the occasion Ms. Gunjan Krishna (IAS), Commissioner for Industrial Development and Director, Department of Industries & Commerce, Government of Karnataka said, “Enhancing opportunities by providing quality learning is the cornerstone of increasing the per capita income of the district. The children in Davangere have the talent to outshine their peers if we can give them the same infrastructure that the others have. The effort made by United Way Bengaluru and AMD to come together and help enhance the possibilities for children from the district to become engineers is laudable.”

Jaya Jagadish, Country Head, AMD India & SVP, Silicon Design Engineering said, “No child must have to live with the regret that they did not get the opportunity to make their life better. At AMD we draw from the societies we live in and Davangere is a prime example of how companies like AMD can build stronger and more resilient fraternities which contribute to nation building. Through our Corporate Social Responsibility initiatives, AMD provides many such enablement in STEM leadership for students. We are proud to have this opportunity to give back to society.”

Speaking on the occasion Mr. Rajesh Krishnan, CEO, United Way Bengaluru said, “United Way connects partners, donors, volunteers, and community leaders to tackle the root causes of the world’s most complex challenges while making a positive impact in the lives of millions of people. Together we are taking meaningful steps promoting inclusive and accessible education, ensuring that students have the tools they need to thrive in today’s digital age. The initiative of the Zila Panchayat will go a long way in bridging the gap and building talent while scaling the incomes in Davangere.”

Bangalore, India: 10th August 2024 — The Apparel, Made-Ups & Home Furnishing Sector Skill Council (AMHSSC), in partnership with bluesign®, launched the Foundation to Apparel Sustainability eLearning Course. The event, held at Hotel ITC Windsor in Bangalore, marks a significant milestone in promoting sustainability and ethical practices in India’s apparel and textile industry.

The Indian textile and apparel sector is a critical component of the nation’s economy, contributing approximately 2% to the GDP and 18% to manufacturing output. It directly employs 45 million people and supports an additional 60 million in allied industries. As the world’s 5th largest exporter, India’s position underscores the urgent need for sustainable development in this sector.

The inauguration ceremony featured esteemed industry leaders, including Chief Guest Shri Naren Goenka, Founder of Tex Export Industries Ltd; Padma Shri Dr. A Sakthivel, Chairman of AMHSSC; Ms. Katherina Verena Mayer, Director of Customer Relations at Bluesign Technologies; and Dr. Vijay Yadav, CEO of AMHSSC. The event commenced with the traditional lamp-lighting ceremony, symbolizing the commitment to a sustainable future.

The Foundation to Apparel Sustainability Course, developed by AMHSSC and bluesign® Academy, will commence in September 2024. Delivered through an online module format over eight weeks, the course will feature one e-learning session each week. It aims to provide an in-depth exploration of Environmental, Social, and Governance (ESG) aspects in the textile industry, with a particular focus on the Indian market. This course supports India’s commitment to achieving Net Zero by 2070, as pledged by the Hon’ble Prime Minister, by equipping industry leaders with the knowledge and skills needed to implement sustainable practices.

The course is designed to offer practical knowledge that participants can directly apply within manufacturing units. Tailored for senior and middle management in the apparel industry, it will empower these leaders to drive responsible change and support India’s emergence as a global leader in sustainability. Topics covered include an introduction to sustainable fashion, a historical perspective of the fashion industry, sustainable fibers, eco-friendly textile processes, impact and footprint assessment, chemical management and hazard assessment, social and ethical aspects in apparel sustainability, and sustainability reporting.

This initiative not only sets new standards for responsible business conduct in India’s apparel and textile sector but also aligns with international expectations and growing consumer demands for ethical and sustainable products. Additionally, this e-learning course will have a profound impact on Bangalore by positioning the city as a hub for sustainable practices in the apparel industry.

Padma Shri Dr A Sakthivel, Chairman of AMHSSC, stated, “This course is a landmark initiative in our journey towards making the Indian apparel and textile industry a global leader in sustainability. It reflects our commitment to equipping our workforce with the necessary skills and knowledge to adopt sustainable practices.”

Bengaluru, July 24th, 2024: The Retailers Association of India (RAI) successfully held the second edition of the Bengaluru Retail Summit, a premier event that brought together the brightest minds and influential leaders from the retail industry. Held at the Sheraton Grand Bangalore, the summit emerged as a melting pot of transformative ideas, emerging trends, and invaluable networking opportunities. Against the vibrant backdrop of Bengaluru’s retail culture, it served as a pivotal platform for retailers and brands to engage in impactful discussions, collectively shaping the future of retail in India.

Speaking about the summit, Kumar Rajagopalan, CEO, Retailers Association of India (RAI), said, “India’s retail sector stands at the cusp of profound transformation. The dynamic discussions on strategies for retail success, the seamless integration of digital innovations, and the latest retail ideas have highlighted how industry leaders are navigating this constantly evolving market. Our focus on mastering the market and innovating is diverse. With a burgeoning middle class, expanding digital infrastructure, and strategic government initiatives, we anticipate a dynamic era of growth and innovation. These advancements position the retail sector as a pivotal driver of economic vitality and consumer empowerment in the years ahead.”

Highlights of the Bengaluru Retail Summit 2024 by RAI was the keynote address on ‘Revolutionize Retail with AI Everywhere’ by Ganesan V P, Consulting Business Leader for Retail, CPG, Travel, Transportation, Pharma & LS Industries – India South Asia, IBM.

The summit also hosted two stimulating Fireside Chats with Rajneet Kohli, CEO & Executive Director, Britannia Industries Ltd, and with Nirupa Shankar, Jt Managing Director, Brigade Group.

Expressing delight at the second edition of BRS, Rajneet Kohli, CEO & Executive Director, Britannia Industries Ltd said, “The future of retail lies in seamlessly blending technology with the human touch. Using data-driven insights to understand consumer preferences and deliver tailored experiences will drive growth and foster deeper customer loyalty.”

Hari Menon, Co-Founder & CEO, Bigbasket said, “The retail industry is at a pivotal point where digital transformation is crucial. Integrating online and offline channels is essential to meet evolving consumer demands. Innovation in logistics and personalized services will be the key drivers of future retail success.”

Karan Mehta, CEO, Easybuy, Landmark Group said, “Understanding and responding to diverse customer needs is more important than ever. By harnessing advanced analytics and staying ahead of emerging trends, retailers can create personalized and engaging shopping experiences, ensuring sustained growth and competitiveness.”

The summit witnessed captivating discussions on topics such as “Strategies for Retail Success: Navigating a Constantly Evolving Market” “Tech Adoption: Integrating Digital Innovations with Physical Presence” “Retail Technology: Powering Business, Enabling Growth” & “Mastering the Market: Transforming Insights into Growth Opportunities.”

industry leaders speaking at the summit included:

Johnson Verghese – Managing Director – Fossil Group India

Karan Mehta – CEO, Landmark Group

Rajneet Kohli – CEO & ED, Britannia Industries Ltd

V Muhammad Ali – CEO, Retail, Prestige Group

Manohar Chatlani – MD Retail India Pvt Ltd, Soch Apparels Pvt Ltd

Subhash Chandra – MD Sangeetha Mobiles

Mrunmay Mehta – CEO, WOW Skin Science

Ashim Ashok Patel, MD & CEO, i – TEK RFID

Hari Menon – Co-founder & CEO – Big Basket

Dr Shashank Sinha, CEO, Drolls India Pvt Ltd

Chandru Kalro, Managing Director, TTK Prestige

Chintan Mehta – Founder, Italian Colony

David R Stanley – Founder & Managing Director, Healux International Pvt. Ltd

Deepak Singh – Director & CEO Saturo Technologies

Sumit Jasoria, Co-Founder & CEO, NEWME

These thought leaders shared their insights on the latest trends, challenges, and opportunities within the retail sector, fostering a rich environment of knowledge exchange and collaboration. The event’s successful execution has set a benchmark for industry gatherings, reaffirming Bengaluru’s status as a central hub for retail excellence.

About RAI:

Retailers Association of India (RAI) is the unified voice of Indian retailers. RAI works with all the stakeholders for creating the right environment for the growth of the modern retail industry in India. It is a strong advocate for retailing in India and works with all levels of government and stakeholders to support employment growth and career opportunities in retail, promote and sustain retail investments in communities from coast to coast, and enhance consumer choice and industry competitiveness.

Quote –“DPI, Fintech, Climate risk taxonomy: Perspective of Jaya Vaidhyanathan, CEO, BCT Digital”

Budget 2024 has introduced nine main priorities to boost the economy, including notable rewards for taxpayers who have opted for the new regime. From a banking and fintech perspective, it has tabled several positives:

The emphasis on Digital Public Infrastructure for applications, including credit, is welcome. It will help formalize lending processes, thereby expanding the market share for banks and fintech players. A vision for the financial sector has been announced to enable our country to become a fintech powerhouse. The success of UPI and the JAM trinity needs to be monetized at a global level. While it’s still early days, this is good news. The announcements regarding taxonomy for climate risk are welcome, as it is important to have a homegrown framework for climate risk rather than adopting those from countries with different climate and industry conditions to ours.

Overall budget 2024 has brought forth some interesting perspectives, setting the stage for a transformative financial landscape ahead, focused on growth and development.

Union Budget reaction quote by Mr. Arun Poddar, CEO and Executive Director, Choice International Limited

“The Union Budget 2024-25 presents a balanced approach to stimulating economic growth while maintaining fiscal prudence. The government’s commitment to reducing the fiscal deficit to 4.9% of GDP in 2024-25, down from 5.8% in the current year, signals a strong focus on macroeconomic stability. This fiscal consolidation path, coupled with the projected 8.2% GDP growth rate, creates a favourable environment for investments and economic expansion.

The budget’s tax proposals are designed to boost disposable income and encourage savings. The increase in the standard deduction for salaried employees to ₹75,000 and the rationalization of capital gains tax, with a 12.5% rate on long-term gains for all assets, provide clarity and benefits for individual investors. For businesses, the abolition of angel tax for all classes of investors and the reduction of corporate tax for foreign companies to 35% are significant steps to attract investment. These measures, combined with the ₹11,11,111 crore allocation for infrastructure development, create a robust framework for economic growth and investment opportunities across sectors

Quote from Mr. Vaibhav Gupta, Partner, Dhruva Advisors

Big changes have been announced in capital gains taxes. While long-term capital gains taxes have been reduced for residents on unlisted shares and real estate, it is interesting to note that the long-term capital gains tax for non-residents on unlisted shares has been increased from 10% to 12.5%. This will clearly impact the returns of FDI investors. Removal of cost indexation on all assets is a very significant change that will impact real estate returns in a big way! At the same time, for Indian promoters wanting to sell their unlisted businesses, the reduction in the tax from 20% to 12.5% is a very welcome change.

It brings listed and unlisted share sales at par. The other important change is that any capital gains on bonds and debentures will also be treated as short-term capital gains which shall be taxed at the applicable tax rates. While changes in buyback were anticipated, however treating buyback as dividend and allowing capital loss of the cost of purchase to the shareholders is likely to reduce the attractiveness of a buyback. Reduction of the holding period to two years for long-term capital gains should be a big positive for the real estate sector. Lastly, the taxability of share transfer in an offer for sale has been clarified to provide that the cost offset will be based on indexation till FY2018, which brings this at par with the sale post listing.

Quote: S Anand, Chief Executive Officer and Founder of PaySprint, a fintech venture

“As we eye on the budget 2024 today, we shift our gaze to the improvements in the manufacturing and services sector, where FM Nirmala Sitharaman announced the credit support for MSMEs, increasing the loan limit from ₹10 lakh to ₹20 lakhs, especially for those, who have availed and repaid loans under Tarun Category. I believe enhancing the mudra loan limit is a strategic move that supports the backbone of the Indian economy. It fosters a conducive environment for growth, innovation, and competitiveness, ensuring that these enterprises can contribute robustly to the nation’s economic development.

Additionally, this declaration will witness an increase in capital access that will enable these businesses to expand operations, invest in innovation, and create more jobs, thereby solidifying economic growth. In light of this, it rewards responsible borrowing behaviour, enhancing MSME owner’s confidence and encouraging growth. While simultaneously, helping MSMEs adopt new technologies, improve productivity and compete globally. Overall, this policy strengthens the resilience and competitiveness of MSMEs, reinforcing their crucial role in India’s economic development. With this newfound development, SprintNXT wishes to strengthen the MSME sector with its innovative solutions and pave the way for a simplified path towards the business banking switch it endorses.

In continuation to this, the 2024 Union Budget introduces a range of significant measures that are set to revolutionize the fintech sector. At PaySprint, we are particularly excited about the implications of these changes. The government’s Rs 50,000 crore investment in infrastructure development will greatly enhance the digital and financial frameworks essential for fintech growth.

The abolition of the angel tax is a noteworthy development, fostering a more favourable environment for investment in fintech innovations. Furthermore, the simplification of tax regimes, including the merger of charity exemptions and the revision of long-term capital gains tax to a rate of 12.5%, will streamline financial operations and create a more predictable landscape for our industry”

Quote by ᐧBhavik Thakkar, CEO, Abans Investment Managers Pvt Ltd

The removal of indexation benefit for property and other assets will increase tax outflows. For example, if you had bought a property for ₹100 in 2001 and sold it for ₹500 in 2024, as per earlier tax regime (when indexation benefit allowed), the tax outflows even at 20% rate would have been ₹27.4 (as CII for FY25 is 363) whereas as per today’s budget announcement, the tax outflow at 12.50% rate would be ₹50. This may potentially impact secondary sales of properties.

Quote by – Manish Jain, Director of Institutional Business at m.Stock by Mirae Asset

LTCG rate has been increased to 12.5%, and the exemption limit has been raised from 1.0 lakh to 1.25 lakhs. This new tax rate of 12.5% applies to transactions starting today, effectively making it retrospective. This change could have been avoided. Real estate and gold as asset classes are affected wrt LTCG. Indexation has been removed, and the tax rate has been reduced from 20% to 12.5%. Overall, I believe the tax burden will increase. The 12.5% LTCG rate seems like a temporary measure, as tax rates are typically round numbers, so it may increase to 15-20% over time. Among all asset classes, equity has emerged as the least impacted in terms of taxation, with just a marginal increase of 2.5% in LTCG. Other asset classes have been significantly affected by the new taxation policies.

Income from the buyback of shares will now be taxed in the hands of recipients, similar to the dividend distribution tax, indicating a move towards double taxation. The increase in STT for F&O does not address speculation by the retail segment but rather impacts professional traders.

Quote by Mr. V. Raman Kumar, Founder & Chairman, CASHe

The Budget brings positive changes in nurturing the talent and digital prowess of our nation. The substantial allocation of education loans is a commendable move that will empower countless students to achieve their academic dreams without financial strain. Moreover, the emphasis on digital infrastructure development is a game-changer, as it will significantly enhance accessibility to online education and resources, bridging the digital divide.

The government’s focus on upskilling initiatives is particularly noteworthy, as it aligns perfectly with the needs of a dynamic job market, equipping our workforce with the skills required for the future. Additionally, the abolition of the angel tax is a much-needed relief that will boost investments and foster innovation within the startup ecosystem. These strategic investments are set to create a robust foundation for a more educated, skilled, and digitally advanced India.

Statement on Budget Allocations that Will Help Child Welfare in 2024 | Sudarshan Suchi, CEO, Bal Raksha Bharat

“The recently presented Budget 2024-2025 demonstrates a significant commitment to improving the lives of children through comprehensive allocations in education, health, and child welfare. Over ₹3 lakh crore allocated for schemes benefiting women and girls ensures that these crucial segments of the population receive support for education, healthcare, and economic participation.

Additionally, the launch of the Pradhan Mantri Janjatiya Unnat Gram Abhiyan is set to benefit 5 crore tribal people, which includes a significant number of children, by improving their socio-economic conditions. Additionally, the allocation of ₹1.48 lakh crore for education ensures significant investment in infrastructure, quality of education, and skill development.

The budget speech also mentioned a centrally sponsored scheme that aims to skill 20 lakh youth over five years by upgrading 1000 Industrial Training Institutes (ITIs). Upgrading ITIs and skilling initiatives prepare youth for employment, reducing unemployment and driving economic progress. This skilled workforce can attract global businesses and enhance India’s competitiveness.

Although specific child health allocations are not detailed, the focus on inclusive healthcare ensures that children and adults receive necessary medical services. Healthy children grow into productive adults, reducing future healthcare burdens and increasing societal productivity. The Budget 2024-2025 reflects a robust commitment to fostering the well-being and development of children through targeted investments. Strategic allocations in child welfare will lay a solid foundation for achieving a Viksit Bharat. These investments are not just expenditures but critical enablers of a developed, equitable, and prosperous India”

“Additionally, The introduction of the National Pension Scheme for Minors (NPS Vatsalya) in the Indian Budget 2024 represents a significant development in the domain of child welfare and financial security. NPS Vatsalya aims to provide a structured and secure financial instrument for the long-term welfare of children and is designed to cater to the needs of minors, offering a way for parents or guardians to plan for the future financial security of their children.

Unlike SSY or PPF, NPS Vatsalya is focused on creating a pension corpus rather than just savings, which aligns well with long-term financial security goals. The automatic transition from a minor’s scheme to an adult NPS plan offers a seamless process for continued savings and investment. This scheme integrates child welfare into broader financial and social security frameworks, reflecting a more holistic approach to child welfare beyond immediate needs.

It represents a shift towards future-oriented policy measures aimed at ensuring long-term benefits for children as they grow into adulthood.

By targeting minors, the scheme can be inclusive of a wide demographic, including those from economically weaker sections who might not otherwise consider long-term savings for their children.

However, the challenge lies in amplifying its awareness and Reach, ensuring that all parents, especially in remote or underprivileged areas, are aware of and can access NPS Vatsalya. Similarly, some parents might find pension schemes complex and might require additional support to understand the benefits and operation of the scheme. The effectiveness of the scheme will depend on the returns generated by the investments made under NPS Vatsalya. Parents will need assurance of adequate returns to meet future needs.

NPS Vatsalya is a forward-thinking initiative that aligns well with the goals of child welfare by promoting early financial planning and ensuring future stability for minors. Its focus on long-term pension benefits represents a significant step towards comprehensive child welfare, integrating financial security into the broader social safety net. However, its success will depend on effective implementation, accessibility, and the ability to address the challenges faced by different segments of the population. The scheme reflects a commitment to the future well-being of children and presents an opportunity to cultivate a culture of long-term financial responsibility among Indian families”

1) Yuvraj A. Thakker, Managing Director, StoxBox

Union Budget 2024-25 marks a transformative phase for the stock market, with a strong focus on infrastructure and defense spending. The increased allocation for infrastructure projects is expected to stimulate economic growth, enhance connectivity, and drive significant investments in related sectors. Similarly, the heightened defense budget reflects a commitment to national security while opening avenues for defense-related industries. These strategic investments are poised to boost market confidence, attract capital inflows, and generate new opportunities across various sectors. Overall, the budget’s emphasis on infrastructure and defence is set to create a favourable environment for sustained market growth and investment.”

2) Manish Chowdhury, Head of Research, StoxBox

– The key highlight of the budget is the fine balance between fiscal prudence and welfare schemes, with a special focus on Bihar and Andhra Pradesh. With most pointers in line with the interim budget, the key takeaway is the downward revision to the FY25 fiscal deficit figure to 4.9% and an increase in capital gains tax. Though there is a tinge of populist measures on expected lines, the government remains focused on job creation, infrastructure development, strengthening the ecosystem for manufacturing, renewable energy, and new sectors, and creating disposable income in the hands of people with a key focus on rural. Though we do not rule out some kneejerk reaction in equity markets, the long-term trajectory and the intention of the government looks pro-economy and adding wings to move the economy towards the USD 5 trillion mark in the near term.

3) Bhavik Thakkar, CEO, Abans Investment Managers Pvt Ltd

– The budget’s primary focus seems to be on employment and job creation which reflects in (a) Employment Linked Incentives which will benefit 82 lac people across 3 initiatives (b) Skilling-related financial support for Skilling Loan of upto ₹7.5 lacs and subvention of 3% interest for education loans (c) Top 500 companies can provide 1-year internships where the government will support almost 90% of compensation and even 10% can be funded through companies’ CSR obligation… this means additional man power resources will be available without significant cost burden.

Infrastructure:

– Before the budget, there was high expectations that the government will increase infrastructure allocation from the interim budget announced amount of ₹11.1 lac cr to higher value given the exceptional dividend received from RBI and robust tax collection but against that government has kept the allocation same which is 11% growth over FY24 allocation and in line with nominal GDP growth rate. One of the reason could be extra allocation to infrastructure may result into continued higher-than-expected inflation which will reduce RBI’s ability to reduce interest rates. The announcement in today’s budget is more focused on DBT (Direct Benefit Transfer) to beneficiaries rather than spending to increase the velocity of demand.

4) Dr. Mayank Joshipura, Ph.D.|Vice Dean, Research & Ph.D., Professor-Finance|School of Business Management, NMIMS, Mumbai

– The Modi 3.0 government’s first budget headline is the target fiscal deficit of 4.9% for 2024-25, which shows unwavering commitment toward budgetary deficit. The increase in STCG and LTCG tax and STT on F&O is a dampener for the stock markets and might spook the market, but an increase in the exemption limit from the current Rs. 1L to Rs. 1.25L will help retail investors and encourage long-term investing. Increasing the standard deduction and revising new personal taxation rates is a significant relief for individuals. Overall, the budget is balanced, focusing on critical areas such as MSME, employment, affordable housing, skill building, ease of doing business, and energy transition without losing focus on infrastructure development and fiscal discipline. The compulsions of coalition politics are visible regarding announcements focused on specific states. The digitalization of land records is a significant step forward in the direction of land records.

5) Vaibhav Shah, Fund Manager, Torus Oro PMS

– Post Economic Survey released yesterday with a specific mention of the rise in speculation and capital market activity, there was nervousness among players that capital gains may be rejigged. The latest annoucement with respect to the increase of capital gains rate is negative as it has caught everyone by surprise. Also from a stable regime now we are witnessing changes to the regime which raises further doubts on the continuity of the rate regime

Lagos, July 17, 2024 – Today, Jambo, the largest web3 mobile infrastructure bringing emerging markets on-chain, announced that it’s expanding to the Solana blockchain along with Tether to offer blockchain-enabled financial and educational technologies that cater to emerging markets.

Central to this is the JamboPhone, a $99 web3 smartphone that has been powerful in onboarding all types of users on-chain in a mobile-first way. Combined with the Solana blockchain’s high throughput capabilities and Tether’s dominant stablecoin, USDT, access to web3 financial and educational products will be democratized to those who need them most in Southeast Asia, Africa, and Latin America.

Jambo is officially expanding to @solana with @Tether_to to bring blockchain mobile tech & solutions to emerging markets! https://t.co/EEkYPUiKdl

— Jambo (@JamboTechnology) July 16, 2024

Introducing the JamboPhone

Available in over 120 countries, the JamboPhone is targeted towards Gen Z consumers in emerging markets as their portal to the best digital products and opportunities globally. Users can engage with the global economy by utilizing the preloaded Jambo Ecosystem applications featuring DeFi, gaming, and web3 infrastructure applications. The JamboPhone aims to address some of the most challenging issues faced by emerging markets, such as a large unbanked population and limited access to smartphones. Users can purchase the JamboPhone with Solana Pay on JamboPhone.xyz.

The Jambo App: Empowering Users

The smartphone is equipped with the JamboApp, a comprehensive web3 platform that offers users a range of services including decentralized finance, gaming, and educational content, all designed with the emerging market user in mind. The JamboApp includes the JamboWallet, a non-custodial multichain wallet which includes support for Solana tokens and USDT. Jambo will be giving out rewards primarily in USDT, leveraging its broad acceptance and stability in emerging markets. Users will be able to complete quests sponsored by Jambo and Jambo ecosystem partners, ranging from educational initiatives to promotional tasks, with rewards now distributed primarily using SPL USDT. This initiative underscores Jambo, Solana, and Tether’s role as pioneers in bridging the digital divide, aiming to democratize access to digital financial tools and providing users with earning opportunities in emerging markets.

Leveraging Local Solana Communities

Additionally, Jambo will engage local Superteams to accelerate web3 adoption. Superteam is a global community of web3 builders who are passionate about Solana. Their mission is to help web3 talent learn, earn, and connect with the Solana ecosystem. These teams, composed of local experts and enthusiasts, will play a pivotal role in educating communities, fostering local development, and driving grassroots initiatives that ensure sustainable growth within the web3 ecosystem.

“Back when I was building earn.com in 2017, our vision was to build a product ‘where there’s a phone, there’s a job.’ Alice, James, and the Jambo team have realized that vision by developing web3 mobile infrastructure bringing financial access to emerging markets,” said Lily Liu, President of the Solana Foundation. “Jambo offers a gateway to web3 that is accessible to nearly anyone in the world, while Solana enables financial access for nearly anyone with an internet connection. Together, we are committed to making self-custody, financial opportunity, and educational resources accessible to millions.”

Why Emerging Markets

Emerging markets face their own unique set of economic challenges that Solana and Tether can address with their blockchain and stablecoin solutions. In emerging markets, the use of USDT (Tether) significantly surpasses that of other stablecoins, with over 34.2 million unique wallets utilizing USDT as of April 2024. This broad user base highlights the widespread trust and adoption of Tether in these regions. With Jambo’s game-changing smartphone, Solana’s fast transaction processing, low transaction fees, and Tether’s robust and widely-used stablecoin, users now have access to stablecoin and crypto payment rails, alternative banking access, and global earnings opportunities.

“We want to bring emerging markets on-chain,” said James Zhang, Co-founder of Jambo. “Bringing Jambo to Solana and Tether allows us to provide a comprehensive solution that addresses the unique needs of these regions.”

“Emerging markets stand out as promising grounds for financial inclusion. Their demand for tools like USDT fuels our dedication to shaping a brighter financial future for users in these regions.” said Paolo Arodino, CEO, Tether. “By providing affordable access to web3 technologies through the JamboPhone and leveraging the power of the Solana blockchain, Jambo is empowering users in these regions with the tools they need to participate in the global digital economy. The integration of SPL USDT as a reward mechanism further strengthens this initiative, offering users a stable and secure digital asset.”

Learn more about the latest from Jambo on X and purchase your JamboPhone at JamboPhone.xyz. Join the Jambo Community and lead web3 adoption with us on Telegram.

Dhyan Foundation is the only Indian non-profit body to work with Border Security Forces (BSF) to rehabilitate cattle

Ashwini Guruji under whose guidance the classes delivered lectures at prestigious institutions like IIM, Bangalore, Oxford University, London etc.

Hyderabad, June 20, 2024….Dhyan Foundation, a volunteer-driven social organisation is to open a New Dhyan Center in Banjara Hills for Free Yoga Training. It will be the state-of-the-art Yoga Studio. It will be formally opened on Sunday by its volunteers.

Dhyan Foundation works for the welfare of animals, particularly the Indian sacred animal cow. It is the only organisation working with the Border Security Force (BSF) to rehabilitate cattle rescued from the Indo-Bangladesh border.

Disclosing this in a press note issued in Hyderabad, the Dhyan Foundation spokesperson said the centre which is coming up in the centre of the city at Banjara Hills is its place and can accommodate up to 200 people. It will teach every aspect of Yoga by volunteers who are students, homemakers, lawyers, journalists, doctors, and CEOs under the guidance of Ashwini Guruji of Dhyan Ashram.

Soon it will run a few special sessions of Secrets from Sanatan Kriya for eternal youth & glow and a brilliant mind, under the guidance of *Ashwini Guru ji* of Dhyan Ashram.

Ashwini Guruji is an embodiment of the gyan of the Vedas. He follows the Guru-Shishya parampara in its totality, He believes yoga is a sadhana and not a business. The foundation is committed to the cause of spreading awareness about the authentic path of yoga, as laid down by Sage Patanjali 4,500 years ago. Be it conducting lectures at various prestigious institutions like IIM, Bangalore, Oxford University, and London, authoring masterpieces on esoteric subjects (including the thesis on anti-ageing, Sanatan Kriya – The Ageless Dimension) or taking seekers from across ages on spiritual sojourns to places of importance in the Vedic culture – He has continuously enlightened us about our history.

From revealing to us the deep secrets hidden under the Earth at the Patal Bhuvaneshwari Caves, interpreting the ancient Vedic symbolism of the Rollright stones in the UK, to uncovering astounding revelations of the Sigiriya rock in Sri Lanka, Ashwini Guruji has enlightened us about the Vedic relevance of each of these places.

Formed in 2002 to share and spread the gyan of the original and pristine form of yog, Dhyan Foundation, today is a global phenomenon with centres all across the world where Sanatan Kriya (Patanjali Ashtang Yog in its original, undiluted form) sessions are conducted free of cost as per the ancient Guru-Shishya Parampara. Thousands across the globe have benefited physically, emotionally, mentally and spiritually from the practice of Sanatan Kriya.

Dhyan Foundation runs several animal welfare programmes for dogs, birds, cows, monkeys and many other animals. Today, it has over 47 shelters and gaushalas and we provide aid, care, food and shelter to over 70,000 animals.

Those interested in training in Yoga free of cost may please reach out to Dhyan Foundation at Road no 10 Banjara Hills Hyderabad 500034, Google location pin https://maps.app.goo.gl/tr6BEkzMCgFvgDys5?g_st=iw. For more information, please drop in at 8465005989, 9393468680. Please visit the Dhyan Foundation website Www.dhyanfoundation.com

Bengaluru, June 18, 2024: Marvell, in collaboration with NGO partner United Way Bengaluru (UWBe), is driving an impactful intervention, ‘Rural Rising’, an integrated rural development program, in the Chikkaballapura District of Karnataka. The program is designed to meet the Mission Anthodya and Human Development Index (HDI) indicators, validated through an in-depth needs assessment in collaboration with local authorities and community members.

This intervention addresses fundamental needs across key thematic areas, including education, health and well-being, safe drinking water, and renewable energy in the Guluru Gram Panchayat.

Under the initiative, an ambulance is provided to Bagepalli Taluk Govt. Hospital, which caters to a catchment population of 1,20,000+ people and lacked a dedicated ambulance. Two new Anganwadi Centres (AWCs) have been constructed alongside the setting up of kitchen gardens and provisioning of Teaching and Learning Materials (TLMs) in the AWCs. Based on the need, a government school has been strengthened through refurbishment support, making the environment conducive to learning.

To address the need for a functional toilet facility, a new toilet has been constructed and an incinerator has been provided to a government school. Additionally, the initiative focuses on the Water, Sanitation, and Hygiene (WASH) component, particularly for raising awareness about menstrual health and hygiene among female students. Sanitary napkins have been distributed in five schools.

To ensure the availability of safe drinking water, three water purifier units have been installed in Anjinapura and Laxman Thanda villages, and at a government school, benefiting numerous households and students. In commitment to renewable energy, 150 solar streetlights have been successfully installed at strategic locations across the gram panchayat.

The intervention has reached over 5,285 direct beneficiaries and numerous indirect beneficiaries.

Today marked a significant day as key stakeholders involved in the initiative came together to officially announce the launch of the intervention. Key delegates present included Mr. Navin Bishnoi, Marvell India Country Manager, Ms. Bharathi Kanuj, Marvell India CSR Head and Mr. Ganesh Karnatakam, Marvell India Finance Controller, Sriram Ananthanarayanan UWBe Director or Projects, Varun Kumar UWBe Corporate Relations, Pravin Kumar UWBe Rural Projects Lead.

“Convergence and collaboration are key elements for achieving lasting effects. The Rural Rising initiative has demonstrated the power of bringing together Gram Panchayat, NGO, corporate and community members towards a shared goal,”, said, Mr. Navin Bishnoi, Marvell India Country Manager.

“Prioritising the need to invest in rural development, the Rural Rising program intends to build self-sustainable rural communities with assured access to quality education, better health and well-being, safe drinking water, and a clean environment. We are grateful to our CSR partner, Marvell, and the local community for supporting us since the inception of the program at Guluru Gram Panchayat.“, said, Rajesh Krishnan, CEO, of United Way Bengaluru.

About United Way Bengaluru (UWBe)

UWBe is an NGO focused on social issues that seek immediate and long-term attention. United Way Bengaluru marked a significant milestone this year as it completed its 15-year journey. As a part of the global network, United Way Worldwide, the largest network of non-profit organizations with 1,100 chapters in 37 countries, United Way Bengaluru carries a global image with a ‘local heart’ committed to creating meaningful change in the lives of the local communities. True to the organization’s mission “To improve lives by mobilizing the caring power of communities around the world”, UWBe catalyzes unified efforts from corporates, civic bodies, and citizen associations to bring about visible and sustainable change in the lives of the communities. The organization works in four key areas – environment, education, healthcare, and rural development.

Hyderabad, May 14, 2024….… The 10th National Facilities Managers (MF) Summit 2024 will be held in the city on May 17 at the Address Convention Center at Narsingi in Hyderabad. IT Minister of Telangana, Sridhar Babu will be the chief guest. Mr. Jayesh Ranjan, the principal secretary will be the guest of honour. It will be a Green Summit encouraging green and sustainable initiatives.

The National FMs Summit-2024 is an annual conference of Facilities Management professionals. Well over 400 facilities management professionals will participate in the summit

It will be a day-long annual conference of Facilities Management professionals, disclosed Mr, Satyanarayana Mathala, President of Telangana Facilities Management Council (TFMC) in a press note issued in the city,

The summit will be inaugurated in the morning. Followed by inauguration a panel discussion will be held. The panel discussion will highlight employee safety, workplace requirements, and strategies for workplace trends for the next 3 years.

CEO, CXO, and CFO conferences will also be held along with the summit.

Green Awards will be presented during the summit. Be a sustainable leader. Awards will be given to the best sustainable practices followed in major IT Parks, and communities. TFMC Social Excellence Awards will also be presented to the inspiring government teams.

One representative from 20 IT companies will walk on the ramp sporting handloom clothes to promote Handlooms Monday, which TFMC has been promoting Handloom Monday for a very long time.

Facility management (FM) is a profession that improves business and lives by ensuring functionality, comfort, safety, and efficiency of the built environment and is practiced by 25 million people around the world, says Telangana Facilities Management Council (TFMC)’s President, Satyanarayana Mathala

The summit will focus on future technology and AI Practices that every Facility Manager will use in the next 10 years.