The data localisation mandate by RBI had drawn mixed response from the industry with domestic payment companies like Paytm and PhonePe welcoming the decision, while their global counterparts like Google (which offers Google Pay in India) have backed free flow of data. … [Read more...] about WhatsApp builds system to store payments data in India
Niantic 200 million
The National Award winner has travelled extensively, met the Prime Minister, and has never shied away from trying new things. One of her murals adorns the dining room wall of a top news honcho, and a few years ago she teamed up with designers to showcase madhubani at a Marie Claire-Dastkar fashion show. “But now, stuck at home, I’m constantly worried about how craft will fare in the coming days. So, instead, I decided to focus on what’s happening in the world,” says Devi, who is currently in Delhi. Her output: eight paintings, depicting everything from women-centric scenes of social distancing to washing hands. “My son showed me a ‘Stay home’ poster, and I recreated even that in my style,” she laughs. Dastkar’s founder Laila Tyabji is a fan. She posted on the NGO’s Facebook page: “I just love the [painting of a] woman sitting under a tree with her baby, masked. Don’t miss the monkey on the tree!” From … [Read more...] about When Indian folk art finds a viral muse
Arun Kumar: As Dr. John pointed out, lockdown is needed to slow the pace of increase of the disease. The apex has to be brought down to the capacity that we have and use the time of lockdown to build the capacity for health to cope with the emergency that is going to come. We need testing, more hospitalisation capacity, more doctors etc. Lockdown gave you time only for that. It is not a cure. In the lockdown, production completely stops, demand also correspondingly falls because of income decline. So what you have is a situation where both supply and demand are affected, the economy comes down, and only essentials are produced. In my judgment only 25% of the economy was working, so you had a minus 75% rate of growth, about 200 million people lost work because 94 % of the employment is in the unorganised sector. That completely stopped as they did not have working capital, supplies. So 94% of the workforce has lost employment. Those in agriculture can continue, and in mining and rural … [Read more...] about Can India’s workforce have a safe return to business?
Last week Hike Messenger , the messaging app, became the latest startup to join the so-called ‘unicorn’ pack in India—companies valued at at least $1 billion. Hike has been the fastest of the pack to reach the milestone, in just about three and half years after launch. It took e-commerce major Flipkart five years, rival Snapdeal seven years and analytics firm Mu Sigma nine years to become unicorns. Hike is also the lone company in the unicorn pack that is free. It is yet to make money. Hike will only “start to try making money by 2018, perhaps 2020”, says 28-year old founder Kavin Bharti Mittal. Yet, thanks to the $175 million collected from a clutch of overseas investors (see Plenty of Funds), the app is valued at $1.4 billion. Mittal believes the $175 million raised by Hike “is like Flipkart raising $1 billion. That’s the value we see and we are the only local rich messaging app with scale in the country.” Says Vishal Tripathi, … [Read more...] about Is Hike Messenger worth the hype and $1.4 billion?
"The WHO is the world's early warning system for infectious diseases," said US Representative Nita Lowey, a Democrat who chairs the House Committee on Appropriations. "Now, during a global pandemic that has cost over 100,000 American lives, is not the time to put the country further at risk." … [Read more...] about We are terminating relationship with WHO: Trump