PNB MetLife Declares Highest-Ever Bonus of INR 768.6 Crore, Reinforcing Commitment to Policyholders’ Financial Security

21st June 2023: PNB MetLife, one of India’s leading life insurance companies, has set a milestone by declaring the highest-ever bonus of INR 768.6 crore for eligible policyholders. This bonus is 29% higher than that of the previous year and is set to benefit 5.52 lakh policyholders. The announcement reaffirms PNB MetLife’s commitment to delivering financial security for its policyholders.

PNB MetLife has a strong track record of delivering bonuses to policyholders of participating products over the past 19 years, demonstrating its disciplined approach to investing for sustainable returns. PNB MetLife’s strong fund management capabilities and experience along with its rigorous risk management practices have made PMLI a preferred choice for those seeking long-term wealth creation.

Ashish Kumar Srivastava, MD & CEO, PNB MetLife, said, “The INR 768.6 crore bonus is the highest we have given out till date, and this is a testament to PNB MetLife’s robust financial performance, sound investment strategies, and efficient risk management practices. It highlights the company’s strong position and our ability to generate sustainable returns for our policyholders. This bonus will benefit approximately 5.5 lakh PNB MetLife policyholders and enable us to assist our clients in building a more secure and confident future.”

PNB MetLife continues to drive innovation in the insurance industry, leveraging advanced technologies and customer-centric solutions to meet the evolving needs of policyholders. The company remains committed to maintaining its leadership position, forging strong relationships with its customers, and creating a secure future for all its stakeholders.

5 Expectations of women in STEM from Employers

NTT DATA, a digital business and IT services leader, and NLB Services, a leading technology and digital talent solutions provider, have recently released a comprehensive research report titled “Bridging the Skills Gap – Towards an Equal Workplace” that talks about women in STEM. In India, 62% of employers plan to hire more women working in STEM sectors in the upcoming fiscal year 2023–2024, according to the report. The report also highlights the expectations of women employees enrolled in STEM, highlighting the preferences of both married and unmarried women in each category.

The study surveyed 250 employers from various companies of 12 different sectors in 15 Tier-1 and Tier-2 cities. The study also surveyed 500 female employees from businesses across a range of sizes, industries, and cities.

As per the report, here are the top five expectations of women employees in STEM:

  1. Flexible/Remote Work Policies: In today’s fast-paced world, offering flexible work options can enhance employee satisfaction, boost productivity, and attract a diverse talent pool.
    58% of married women prioritize flexibility in their work arrangements, allowing them to balance personal and professional commitments effectively. 43% of unmarried women consider flexible or remote work policies as a crucial factor when deciding to join a STEM organization.
  2. Maternity/Paternity Policies: By implementing comprehensive maternity and paternity policies, STEM organizations can foster an inclusive and supportive environment for employees, allowing them to thrive both personally and professionally. 61% of married women value maternity and paternity policies that provide adequate support during the crucial stages of building a family and maintaining a healthy work-life balance. 30% of unmarried women see maternity benefits as a critical consideration when evaluating potential employers.
  3. Learning and Development: Employers that invest in training programs, mentorship opportunities, and professional development resources can attract and retain top female talent while nurturing their employees’ potential. 41% of married women choose continuous learning and development opportunities to enhance their skills and stay up-to-date with the latest advancements in their field. 42% of unmarried women value ongoing learning and development initiatives for their career growth and job satisfaction.
  4. Innovation: Creating an environment that encourages experimentation, rewards innovative ideas, and promotes collaboration can help companies harness the full potential of their female employees in STEM fields. 33% of married women seek workplaces that prioritize innovation, allowing them to contribute to groundbreaking projects and stay engaged in their work. 47% of unmarried women highly value organizations that foster an innovative culture, encouraging creative thinking and innovation.
  5. Leadership Role Opportunities: To empower women in STEM, employers should provide clear pathways for advancement, mentorship programs, and leadership training to support their professional growth aspirations. 32% of married women aspire to participate in leadership roles within their organizations, seeking opportunities for growth, influence, and impact. While 17% of unmarried women express their interest in leadership positions, showing their ambition and desire for career advancement.

Understanding and meeting the expectations of women enrolled in STEM is crucial for organizations looking to attract, retain, and nurture top female talent. By offering flexible work policies, comprehensive maternity/paternity benefits, and learning and development initiatives while fostering innovation and creating leadership opportunities, employers can create an inclusive and supportive environment that benefits women employees and contributes to the overall success of the organization in the ever-evolving STEM landscape.

Cornea introduces WebOS TV with advanced 4K Technology and stunning Design

New Delhi, 21st June 2023, Cornea, a leading electronics manufacturer, has recently introduced its premium & Future of Entertainment WebOS TV which is packed with advanced features that takes the viewing experience brilliance at its finest.

Equipped with the latest 4K technology, the Cornea WebOS TV delivers crystal-clear picture quality with vivid colors and sharp details. Its ultra-thin design and bezel-less screen provide a seamless viewing experience and will elevate the viewing experience with cutting-edge & transform the living room with sleek sophistication.

The Cornea WebOS TV is available in 50,55,65 & 75-inch and starts at INR 28499. It comes with a user-friendly interface that runs on the popular WebOS operating system from where one can unleash the power of seamless screen sharing. Also, this enables one to easily access all the favorite streaming services and apps, such as Netflix, Hulu, and Amazon Prime Video, among others. In addition to its superior performance and design, the Cornea WebOS TV is built to last. It features cutting-edge technology that ensures long-lasting durability and reliability.

Commenting on the same, Mr. Ankit Garg, Director, Cornea, ” We are highly delighted to introduce our new premium WebOS TV to the market. These televisions with the latest technology and premium features will deliver an incredible viewing experience. Whether one is watching movies, playing games, or streaming the desired shows, the Cornea WebOS TV will provide an unparalleled entertainment experience.”

This TV is operated through the Magic Remote, which is a very versatile remote control that allows for smooth and easy navigation. With its scroll button, one can easily browse through content, and with voice control, one can command the TV with voice. The air mouse feature is convenient for air gestures, making it easy to point and click. And with universal control, one can even use the magic remote to control other devices like cable boxes or Set-top-box.

The Cornea WebOS TV is available for purchase online on Amazon or from Official Cornea Website. With its impressive specifications and features, the Cornea WebOS TV is sure to set the standard for premium home entertainment.

95% of professionals are confident of pivoting to better career opportunities post upskilling: Simplilearn’s 2023 Consumer Survey

Mumbai21st June 2023 Simplilearn, a leading online bootcamp offering digital skills training, has published the findings of their 2023 State of Upskilling survey. The survey included a mix of individuals from various industries, focusing on upskilling and the skills in demand. The report highlights professionals’ expectations for 2023, their outlook on the impact of upskilling in their career growth trajectory, and the type of upskilling courses they are likely to take up this year.

The 2023 Consumer Survey indicates dynamic shifts in learner sentiments from last year’s. In 2022, 30% of respondents wished to pivot to a new career. This number has gone up to 41% in 2023, with more professionals looking for a career change in 2023. Similar changes are indicated when it comes to the method of upskilling. As per Simplilearn’s State of Upskilling 2022 survey, 59% of professionals took self-study courses, 33% of learners enrolled in part-time courses, and 51% earned skilled certifications. However, in 2023, regarding upskilling preferences, 51% of professionals said they prefer to enroll in part-time or online certifications. Only some opt for self-study (23%), open-source projects (12%), or full-time college enrollment (7%).

Sharing thoughts on the survey, Mr. Kashyap Dalal, Co-founder, and Chief Operating Officerof Simplilearn, said, “Our 2023 Consumer Survey results highlight that professionals continue to actively take up upskilling courses despite shifts in ways of working and as back-to-office norms return, globally. Either through online certifications or self-study, professionals are actively equipping themselves with relevant skills in the best ways possible. They understand the importance of upskilling and its positive impact on career growth. Confident of receiving better salaries and jobs or desired promotions at their existing workplaces, sharpened and new skills remain the strongest ammunition for professionals. Additionally, with the rise of generative AI and new digital economy tech, learners are keen to upskill in the same or allied fields.”

Insights from the Simplilearn 2023 Consumer Survey Report:

  • Gender and Demographics: 49% of the respondents were from Tier 1 Indian cities

The survey comprised 71% males, 25% females, and 4% LGBTQA+, with 49% residing in Tier 1 Indian cities and 23% residing outside India.

  • Occupation and Designation: 38% included individual contributors

Among respondents, 38% were individual contributors, 28% were managers, 17% were students, 9% were freelancers, 4% VPs or department heads, and 4% CXOs. The leading departments the respondents were from include IT – 34%, Marketing – 18%, Engineering – 15%, and Production – 10%.
Industry and workplace: 32% of the respondents were from Technology and Computers

Among respondents, leading industries included Technology and Computers – 32%, BFSI – 11%, Education – 11%, and Consumer Products & Services – 10%. 51% were working from home, hybrid – 27%, and work from office – 22%.
Upskilling and expectations from 2023: 95% said that upskilling will help in bolstering their career

51% of respondents enrolled in part-time or online certifications, 23% engaged in self-study, 12% participated in open-source projects, and 7% enrolled in college full-time. Data Science and Business Analytics were the most in-demand skills, followed by program and project management at 40%, AI & ML at 35%, and Cloud Computing and DevOps at 31%.
30% of the respondents believe that upskilling will help them to get a job with a new employer

Respondents feel that irrespective of the choice of upskilling method, 30% will receive jobs in new companies, 25% think that upskilling will give them new opportunities in their current workplace, 22% believe that they would receive a salary hike after upskilling, and 16% think that upskilling will help them get a desired promotion.

Top 4 in-demand skills

According to the survey, learners are most interested in upskilling in the following skills:

  • Data science & business analytics – 41%
    Program & project management – 40%
    AI & ML – 35%
    Cloud computing & DevOps – 31%

Most Desired Skill Areas by Company Size:

  • Small companies (up to 49 employees) listed Digital Marketing as the most desired skill. Those with more than 50 employees, Medium and large firms (up to 4,999 employees) sought Data Science & Business Analytics skills.
  • Large firms of 5,000-9,999 equally desired Data Science & Business Analytics, Cloud Computing & DevOps, and Business Strategy & Product Management as top skills.
  • Those with 10,000+ employees desired skills in Program & Project Management the most.

Most Demanded Skills in Each Industry – AI & ML skills are in most demand across sectors such as Agriculture, BFSI, Energy, Mining & Utilities and Media & Communications. Other skills in demand across sectors include:

  • Agriculture: AI & ML, Software/Full Stack Development
  • BFSI: Data Science & Business Analytics, AI & ML
  • Consumer Products & Services: Data Science & Business Analytics, Business Strategy & Product Management, Digital Marketing
  • Education: Data Science & Business Analytics, Software/Full Stack Development
  • Energy, Mining & Utilities: AI & ML, Program & Project Management
  • Government & Public Sector: Program & Project Management, Cyber Security
  • Healthcare & Life Sciences: Program & Project Management, Business Strategy & Product Management
  • Manufacturing, Automotive & Aerospace: Data Science & Business Analytics, Program & Project Management
  • Media & Communications: AI & ML, Cyber Security, Digital Marketing, Program & Project Management
  • Technology & Computers: Program & Project Management, Cloud Computing & DevOps

mjunction organises Special International Tea Day Auction for third year in a row

21st June 2023:mjunction Services Limited, India’s largest B2B e-commerce company, today organized the Special International Tea Day auction for the third year in a row, to celebrate the International Tea Day that falls on May 21st. A Tea Board of India initiative, this occasion was celebrated by all its stakeholders across India. On International Tea Day, producers pluck the best quality green leaf, process it, and put them up for sale during this Special Auction every year.

junction displayed a catalog of premium Assam CTC marks like Bahani, Narayanpur Panbarry, Tirual, Rungliting, Joya, Nagabari from Nagaland, and premium handcrafted teas from Diroibam, and Pabhojan. Pu’er Tea from Gauripur was also on offer. A total of 580 kgs of premium tea was sold at an average price of Rs 324/kg.

Gauripur PU’ER tea fetched Rs 9000 per kg, which is a record price in its category. Pu’er tea is a special type of tea, where green leaf is compressed and cured for a few years.

Mr Nilesh Divekar of Shangrila Enterprise who purchased the PU’ER tea, thanked junction for the support provided to them. He assured continued support to quality teas, especially artisan teas created with innovative ideas.Mr Jayant Jalan of Absolute Tea said, “Since its inception, Absolute Tea has been procuring quality tea from the states of Assam, Darjeeling and Arunachal Pradesh. The Assam CTC produced by Bahani and offered at Jorhat was of high quality. We have continued our legacy of paying a deserving price for the tea, which we intend to sell viaour website absolutely.in.”Director, Bahani Tea, also expressed his happiness on the prices being fetched in its CTC teas. He looked forward to more support from buyers in the coming days.

mjunction launched its e-marketplace for tea in 2020 in Jorhat of Assam. Its seller base is spread across the entire Northeast and buyers are spread all over India.Today’s event organised by mjunction elicited positive response from buyers and sellers alike.

Get Ready for a Spooky, Side-Splitting Experience with Rusk Media’s Pret Boys on Amazon miniTV

Get Ready for a Spooky

New Delhi, 21st June 2023: Rusk Media – a full-stack Gen Z-first digital entertainment company – today announced the launch of its highly-anticipated show ‘Pret Boys, exclusively on Amazon miniTV. Premiering on 21 June, this horror-comedy series will take viewers on a thrilling, hilarious adventure as a group of youngsters runs a ghost-busting start-up only to find themselves trapped in an unending nightmare.

Speaking on the release of Pret Boys, Mayank Yadav, CEO, Rusk Media said, “As a company, we are driven by our passion for storytelling and our commitment to delivering high-quality content for young audiences. ‘Pret Boys’ is a unique story that blends laughs and scares in a way that would resonate with genZ sensibilities. We’re confident that this show will redefine entertainment for the adventurous spirits of the youth.”

प्रेत Boys Poster new_01 प्रेत Boys Poster_final

‘Pret Boys’ follows the misadventures of three Gen Z misfits: Prem (played by Ritik Ghanshani), Tatsat (played by Ahan Nirban) and Rajat (played by Shardul Pandit). The trio sets up Pretboys.com – an unconventional start-up dedicated to capturing and busting ghosts. Prem hails from a lineage of tantric practitioners, Tatsat is a passionate paranormal research enthusiast and Rajat is the business-savvy brain behind the operation.

Their lives take an unexpected turn when they encounter Eisha (played by Aanchal Munjal) – a vulnerable yet quick-witted girl with the ability to see ghosts. As the four team up to tackle various supernatural spirits, they unwittingly cross paths with UN_KRA – a malevolent force of darkness. Eisha’s connection to this sinister realm puts her and those close to the girl in grave danger. Can the Pret Boys rescue her from this trap? A high-voltage showdown unfolds as they confront UN_KRA, resulting in a shocking twist that leaves them as real ‘Prets’ with souls separated from their bodies.

‘Pret Boys’ promises to deliver an exhilarating viewing experience that seamlessly blends thrills and shrill laughter. The series showcases the talents of Shardul Pandit, Aanchal Munjal, Ritik Ghanshani, and Ahan Nirban, who bring quintessential charm to their respective roles. With 10 gripping episodes, ‘Pret Boys will keep audiences hooked from start to finish. The show is helmed by talented director Nisheeth N Neelkanth.

Talking on the OTT debut and his character, Shardul Pandit said, “So this is my first venture in the world of OTT and I was very excited to play a comedy character because I have done very intense roles on television in the past, but this was a project which was a complete comedy. The director sat me down and explained me the character and expressed Rajat was his favorite character from the show and the lines they were writing were best suited for me and convinced me to do Rajat. Throughout the show we kept improvising on our dialogues which made it a lot of fun.”

Aanchal Munjal said “It was a wonderful experience working with people that were equally involved in making the show with great enthusiasm and the fact everyone portrayed their role correctly & beautifully. Here’s hoping the audience loves watching it as much as we loved working on it.”

World’s first and largest summit for Angel Investors, Super Angels Summit at ADNEC, Abu Dhabi, on 14-15 September 2023

summit for Angel Investors

Super Angels Summit 2023 is ready to take place on 14th & 15th of September at Abu Dhabi National Exhibition Centre (ADNEC) in Abu Dhabi. The Summit is designed to celebrate the spirit of angel investment and to bring thousands of active and aspiring angel investors from across the world.

The summit is held under the support of the Department of Culture and Tourism Abu Dhabi, Abu Dhabi Convention and Exhibition Bureau, The Private Office of Sheikh Saeed Bin Ahmed Al Maktoum, Emirates Angels (A non-profit organization registered in the UAE to support the angel investing ecosystem).

The summit would feature a carefully curated selection of global Govt. agencies & representatives, Venture Capital Funds, Family Offices, HNIs & UHNIs, Financial Institutions, Industry Leaders, the World’s most sought-after speakers & Celebrities, as well as high-potential startups from various sectors.

In addition to the main conference, both active and aspiring angel investors would have an opportunity to join various masterclasses and workshops to enhance their skills as angel investors. Super Angels Summit will also showcase a vibrant exhibition floor, where attendees can explore cutting-edge products and services from groundbreaking startups and established industry players. The exhibition will serve as a hub for collaboration, fostering new partnerships that can drive innovation forward.

“Having participated in over 2000+ startup events worldwide and being an active part of the startup ecosystem, I was forced to confront the glaring and astounding gap in global angel investment education as Asia has only 40,000+ angel investor in comparison to 1.7 MN in the USA and That’s when I realized it was time to act,” said Ravi K Ranjan, the founder of Super Angels Summit, spoke on the opportunity that rest of the world has to strengthen the angel investor community.

“Angel investors are essential to the development of a thriving and diverse startup ecosystem. While there are many events celebrating startups and their impact, the contribution made by angel investors who provide critical support and resources to early-stage companies, deserve greater recognition and appreciation in the discourse surrounding the startup ecosystem. With a growing number of curious investors globally, there is a clear need for a global conference that brings together the best minds in angel investing” said Dr. Apoorva Ranjan Sharma, the co-founder and president of Venture Catalysts++

Khalifa Al Qubaisi, Chief Commercial Officer at Abu Dhabi National Exhibition Centre (ADNEC), Part of ADNEC Group said, “Hosting this ground-breaking event for the first time at the Abu Dhabi National Exhibition Centre is a valuable addition to the agenda of prominent global annual events which are set to take place at the Centre. As the largest exhibition and conference Centre in the MENA region, ADNEC is committed to hosting world-class events and ensuring their success by deploying its advanced infrastructure, modern facilities, and integrated solutions that meet the requirements of event organisers. In doing so, we continue to drive Abu Dhabi’s leading position as the capital of business tourism in the region.”

“The Super Angels Summit is a pivotal event in the UAE that bolsters the angel investing ecosystem. It provides a platform for networking, sharing insights, and fostering collaborations, which, in turn, promotes growth and sophistication within the region’s angel investing sector. A significant stride in this field has been the partnership forged between Emirates Angels and Super Angels. Emirates Angels, a leading non-profit association in the UAE, brings a wealth of local experience and knowledge to the partnership. This collaborative effort has not only magnified the influence of both entities but also fueled innovation and entrepreneurship across the UAE,” said Masaood Al Masaood, Chairman of the Board, Emirates Angels.

Abu Dhabi, with its strategic location and supportive business environment, serves as an ideal host for the SuperAngels Investors Summit. Recognized as a global hub for investment and innovation, the city provides an exceptional platform for startups and investors to connect, grow, and thrive.

The event is being organized by CRRE8IVE, a new age Event IP and Media company, an initiative by Venture Catalysts++. With a team of visionaries, storytellers, designers, and artists, CRRE8IVE believes in the power to inspire, connect and transform communities with their mission to curate and produce extraordinary event experiences that would leave a lasting impression on the attendees while also redefining the industry standards.

Attendees at Super Angels Summit can expect an impressive lineup of keynote speakers, panel discussions, and interactive workshops, all led by prominent figures in the startup and investment community. Attendees would also have an opportunity to explore and invest in high-growth startups at the summit. These thought leaders will delve into a wide range of topics including angel investing strategies, emerging trends, disruptive technologies, and the future of the startup ecosystem. The insights shared at the summit are expected to shape the future of startup investing and provide attendees with a competitive edge in the market.

Huawei kicks off 2023 Tech Arena Competitions in Europe

Huawei kicks

[Paris, France,21st June 2023 Huawei launched the 2023 Tech Arena competitions in Europe at Viva Technology, one of Europe’s biggest tech summits, on Friday.

Tech Arena competitions are sponsored and designed by Huawei’s worldwide labs in partnership with top universities to give students from around the world more opportunities to experience and learn how to solve real-world problems.

Liu Shaowei, President of Huawei’s European Research Institute, explained that the company plans to host 10 Tech Arena competitions for over 1,000 students during the 2023–2024 school year. These competitions will be hosted in several countries, including France, the UK, Ireland, Sweden, Germany, Finland, Belgium, Poland, Switzerland, and Israel.

President Liu speaks

President Liu Shaowei speaks to launch Tech Arena 2023 at VivaTech

Liu also emphasized that Huawei’s sharing of the results of past Tech Arena competitions was evidence of Huawei’s determination to invest in young talent. By the end of 2022, there were more than 5,400 students from over 52 universities who had participated in Tech Arena. Also to date, Huawei has offered more than 3 million dollars to make this competition platform available to global students.

“The results showed that more and more young people truly are improving from Tech Arena; this is aligned with the company’s intention to help build stronger talent pools for local communities,” Liu added.

Liu also released the themes of some Tech Arena competitions; other competitions will reveal theirs later in the year.

  1. Tech Arena Ireland: Build a reliable and trustworthy data assistant using ModelArts’ cloud power to co-pilot in the data lakes
  2. Tech Arena France: Optical network expansion by adding fiber
  3. Tech Arena Switzerland: RAW burst image super-resolution

Contestants in Tech Arena will have the opportunity to test their skills involving coding, algorithms, mathematics, and engineering to solve real-world industry problems. The competitions will hand out awards to multiple winners.

Dr. Jose speaks

Dr. Jose R. Calvo gives a keynote address on competition’s role in industry-academia cooperation

Dr. José R. Calvo, President of the Institute of International Relations at the Royal European Academy of Doctors, noted: “These competitions such as Tech Arena not only prepare students for future careers in these in-demand fields but also empower them to contribute to solving some of our most significant global challenges.”

Huawei currently operates a network of R&D research centers in Europe, mainly staffed with local researchers. The centers currently partner with over 300 universities and 900 research institutes around the world for international talent cultivation and research.

Empowering Women: A Catalyst for Bangladesh’s Economic Growth

Empowering Women

Delhi, 21st June 2023 Bangladesh has achieved remarkable progress in recent years in terms of economic growth and empowering women, and integrating them as productive members of society. Female labor force participation has gradually increased; from 2021 to 2022, it jumped from 32.4% to 42.7%.

Recognizing women’s pivotal role in driving sustainable development, the country has implemented transformative initiatives to uplift women, promote gender equality, and harness their potential to boost the economy. The efforts made in Bangladesh serve as proof that investing in women can lead to significant socio-economic advancements.

Enhancing women’s and girls’ lives

The Bangladeshi government has enhanced the lives of girls and women in the last two decades, including reducing maternal mortality rates by more than two-thirds and increasing gender parity in school enrollment, said the United States Agency for International Development (USAID) in a recent report.

According to a World Bank report, Bangladesh realized how important it is to invest in infrastructure and in people, particularly women, and therefore its poverty strategy focused on them.

“In 1991, Bangladesh had one of the lowest educational attainment levels for girls,” the WB report adds. “A pioneering school stipend program for poor rural girls made Bangladesh among the first few developing countries to achieve gender parity in secondary school enrollment.”

Presently, girls now represent more than 50% of lower secondary school enrollment. In 1970, it was only 17%. As Bangladesh’s garments industry rose to become number one worldwide, surpassing China, the sector created employment for hundreds of thousands of rural women. Female labor force participation rates have increased from 21% in 1990 to 42% in 2022.

Prioritizing gender equality

Bangladesh Minister for Women and Children Affairs Fazilatun Nessa Indira also recently noted that Prime Minister Sheikh Hasina has prioritized gender equality and empowerment for all women.

“As a proponent of the Digital Bangladesh campaign, the Prime Minister has prioritized Information and Communication Technology Training to achieve gender equality. She has pledged to increase women’s participation in ICT by 50% by 2041,” Nessa Indira added.

The government official for women noted that 80% of women entrepreneurs are operating in e‑commerce, over 10 million rural women have been empowered through ICT, and 50,000 women were provided computer training.

Hasina’s government has introduced gender-sensitive budgets for 40 ministries and established affirmative actions to increase women’s political and workforce leadership participation.

Women in leadership positions

In 2022, more than 300 female union, federation, and community leaders received training, 172 women assumed leadership positions in registered unions, and 21 women were elected to leadership positions in worker community associations, USAID reported. Statista revealed that in 2022, the proportion of parliamentary seats held by women stood at 21%.

The World Economic Forum’s (WEF) 2022 Global Gender Gap Report placed Bangladesh as the most gender-equal country in South Asia for the eighth consecutive year. However, on a global scale, Bangladesh ranks 71st among 146.

“Bangladesh is comparatively doing well in gender parity. It has been outperforming other South Asian countries for a long time,” said Fahmida Khatun, executive director of the Centre for Policy Dialogue, a WEF partner. “If we look at Bangladesh’s performance in the major indices, we’ll notice that the performance is satisfactory,”

The Ministry for Women and Children Affairs released a full report of the efforts made in favor of women and, therefore, gender equality, a program the government of Hasina kicked off in 2009.

In the 2021 fiscal year, the allocation for women’s development from the Gender-Responsive Budget was nearly $100 million or 27%.

The government of Bangladesh has allocated nearly $100 million a year for the development of women. Approximately 4 million women are employed in the Readymade Garments (RMG) sector, a vital contributor to the country’s economy. Bangladesh Bank provides collateral-free loans to support millions of women entrepreneurs

Uplifting women

In health and education for women, the government has made significant strides. The enrollment ratio of girls in primary, secondary, and higher secondary levels reflects the increasing accessibility of education for women. The government provides over $90 million in stipends to support female students from Class IX to the degree level.

Maternal mortality rates have notably decreased, while antenatal care coverage has expanded to reach 31.2%. Community clinics are vital in providing comprehensive health, nutrition, and family planning services to approximately 32 million women.

Bangladesh has implemented various social security programs to uplift vulnerable women. Monthly allowances are provided to almost 13 million poor, widow, and distressed women. Child Day Care Centers and Working Women’s Hostels offer support to working women and ensure a safe living environment. These initiatives aim to address the specific needs and challenges faced by women in vulnerable situations, promoting their well-being and social empowerment.

Bangladesh’s impressive progress in women’s empowerment and gender equality is evidenced by its commitment to allocating substantial resources, advancing women’s political representation, enhancing administrative roles, fostering economic opportunities, promoting education and healthcare, and implementing comprehensive social empowerment programs.

Although certain barriers to eradicating inequality still remain, Bangladesh has positioned itself as a beacon of gender equality, inspiring other nations to strive for inclusivity and equity. With continued dedication, Bangladesh is poised to achieve even greater milestones in women’s empowerment and contribute to a more prosperous and equal society.

Telangana-based EV Startup Quantum Energy Opens Its 3rd Showroom in Hyderabad

Telangana-based EV

Hyderabad, 21st June 2023: Quantum Energy, a leading electric vehicle (EV) Company specializing in the design, development, and manufacturing of electric scooters, is proud to announce the opening of its 3rd state-of-the-art showroom in Hyderabad.

The spacious 1000-square-foot showroom, operating under the dealership name Impact Enterprises, is strategically located beside Indian Bank, Moosapet, Kukatpally main road, Hyderabad – 500018. Nestled in an elegant setting, the showroom offers a convenient location for customers to explore Quantum Energy’s innovative electric scooters and experience their advanced features firsthand.

Recognizing the team’s commitment to a greener India, Mrs. Chetana C (Director, Quantum Energy Limited), & Mr. Kushal C (Director, Quantum Energy Limited) inaugurated the showroom in the presence of senior officials from Quantum Energy & Impact Enterprises.

All Quantum Energy electric scooters will be on display, allowing visitors to examine the design, performance, and build quality of each model. The stunning range of electric scooters from the brand –  Plasma, Elektron, Milan, and Bziness are ideal for daily commutes.

Plasma – powered by a 1500 W motor; top speed 60 km/h; offers a range of 135kms* on a single full battery charge

  • Elektron – powered by a 1000 W motor; top speed 55km/h; offers a range of 100 kms* on a single full battery charge; Price – INR 89,629 Ex-showroom, Telangana.
  • Milan – powered by a 1000 W motor; top speed 55km/h; offers a range of 80-95 kms* on a single full battery charge; Price – INR 85,470  Ex-showroom, Telangana.
  • Bziness – powered by a 1200 W motor; top speed 55km/h; offers a range of 110 kms*; Price – INR 95,865  Ex-showroom, Telangana.

Speaking on the occasion Mr. Kushal C, Director, Quantum Energy Limited  said “We are embarking on an electrifying journey with the launch of our newest showroom in Hyderabad. This expansion not only reflects our commitment to zero-emission transportation but also signifies our dedication to empowering individuals with eco-friendly mobility options. The expansion of our showroom network in Hyderabad is a testament to the surging demand for electric vehicles and underscores our strong position in the market. With every new showroom, we reinforce our commitment to revolutionizing the electric vehicle industry in Telangana and beyond. We invite our Hyderabad community to explore our innovative range of electric scooters and join us in shaping a cleaner and greener future for generations to come.”

Mrs. Trupti Ravi, Managing Partner, Impact Enterprises said “Our showroom aims to deliver a superior customer experience, assisting visitors in making an informed decision about their electric scooter purchase. With a wide range of models on display, customers can choose the ideal Quantum Energy electric scooter that suits their needs, preferences, and budget.”

With the opening of the Hyderabad showroom, Quantum Energy now has a total of four dealerships in Telangana, including Impact Enterprises.