If a non-bank payment institution meets certain conditions in terms of market share, the People's Bank of China (PBOC) can provide early warning of a range of measures, including regulatory interviews, according to the draft. It can also call for agencies to review whether the institutions have a dominant market position. … [Read more...] about China to toughen supervision of non-bank payment institutions
Non essential services employees
Waymo opens driverless robo-taxi service to the public in Phoenix
Before the coronavirus pandemic forced Waymo to suspend operations this spring, Waymo was using vehicles with no human attendant on board to provide five to ten percent out of a total of 1,000 to 2,000 rides per week in its Phoenix service zone, Krafcik said. Rides in fully autonomous vehicles were limited to a small, selected group of Waymo customers. … [Read more...] about Waymo opens driverless robo-taxi service to the public in Phoenix
Event Tech Virtual Summit: Rise of the Phygital Pillar in the event industry
One of the key challenges as well as opportunity in virtual events is driving engagement. experiences and rewarding the audience for participation. In the panel discussion moderated by Kashyap Kompella, chief executive officer of Industry Analyst Firm RPA2AI Research; panelists Harshavardhan Chauhaan, vice president, marketing, Spencer’s Retail; Gunjan Arya, chief executive officer, Only Much Louder; Siddharth Pal, head of marketing, Under Armour, India, dealt with, how gamification is one of the most sought-after methods when it comes to audience engagement, improving user experience, rewarding attendees and generating revenue by providing various branding opportunities.Kompella started the discussion highlighting how to make sure that the audience is excited equally for the online events, as they are for offline events. Chauhaan spoke on how the segregation of essentials and non-essentials was a turning point for industries in 2020. The rise of the ‘Phygital Pillar’ … [Read more...] about Event Tech Virtual Summit: Rise of the Phygital Pillar in the event industry
Telcos seek lower levies, taxes in upcoming Budget
NEW DELHI: Mobile phone companies have sought a reduction in license fees (LF), removal of goods and services tax (GST) on those fees, spectrum acquisition charges and spectrum usage charge (SUC) besides refund of income tax credits along with specific tax and custom duty exemptions in the upcoming Budget. "In this challenging time, the industry also faces major upcoming expenses on infrastructure up-gradation like spectrum auction, 5G introduction, network expansion and fiberization, which is very critical for providing future communication services for nation-building and rising aspirations of the country," said SP Kochhar, director general of Cellular Operators Association of India (COAI), said in a release detailing the sector’s Budget recommendations.COAI represents Reliance Jio, Bharti Airtel and Vodafone Idea (Vi).According to COAI, for an industry that contributes Rs 58,000 crores annually to the government exchequer and has invested Rs 11.24 lakh crore till date, certain … [Read more...] about Telcos seek lower levies, taxes in upcoming Budget
Bird flu rumours sees diners turn to fish, retail prices double
The outbreak of bird flu which affects chicken is causing non-vegetarian consumers to opt for fish delicacies in hotels and restaurants. Yet, hoteliers say the drop in the number of orders for egg or chicken dishes is but marginal since diners know these Indian recipes are cooked at high temperatures and are therefore safe for consumption.AHAR president Shivanand Shetty said while there has been a very marginal dip in the sale of egg dishes and poultry meat in restaurants, they are witnessing a 15-20% increase in demand for fish. “In line with what health and poultry experts have been advising, we cook the poultry products properly at over 70 degree Celsius before serving to our customers. We also ensure that our members procure egg and poultry from FSSAI-certified vendors only,” he said.HRAWI senior vice-president Pradeep Shetty said fish dishes cannot compensate for the vast demand for chicken and egg servings in restaurants. “However, fish is comparatively more in … [Read more...] about Bird flu rumours sees diners turn to fish, retail prices double