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India Post to open payments bank with 650 branches
India Post, which already offers limited financial services through its 154,800 post offices, is also becoming a payments bank with 650 dedicated branches involving an investment of Rs 800 crore, officials said on Wednesday.
- Categories
- Impact Assessment
- Region
- South Asia
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Condom conundrum: Health workers refuse to distribute condoms named Asha
Embarrassed government health activists called Asha are refusing to door-to-door with condoms that now carry the name, jeopardising a nationwide mission.
- Categories
- Health Care
- Region
- South Asia
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Viewpoint: Don’t write off India’s payments banks
The withdrawal of three licencees should not be read as a doomsday omen for the idea and underlying rationale. It is too early to write off a well-intentioned idea that puts change and innovation before incumbency. Rather, these withdrawals should be seen as signaling the need for introspection and course-correction to adapt to the fast-changing, competitive landscape of India’s banking and payments sector.
- Categories
- Uncategorized
- Region
- South Asia
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Time for India to be innovator nation in bio-pharmaceuticals: Expert
India has a "strong potential" to become a hub for biopharmaceutical innovation and the time has come for it to emerge as an innovator nation in this sector, a top industry leader has said. Observing India's potential, Michael Rosenblatt, executive vice president of Merck & Co, one of the world's largest pharmaceutical companies, said yesterday that India can play a "leading role" in collaborative research in biopharmaceutics.
- Categories
- Health Care
- Region
- South Asia
- Tags
- innovation
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Cashless in India: 50 days’ journey of a fintech professional
Are you sure you want to do this? Richa, my wife asked as I shared my idea to undertake an experiment in which I will stop using cash and instead use only digital forms of payment. Colleagues said going cashless in India is difficult and that I wouldn’t be able to manage more than a week. All this and the fundamental question “As a believer in digitization of cash, am I just propagating the theory or do I really understand the consumer side of story?” With this started the quest to understand “Cashlessness” first hand.
- Categories
- Technology
- Region
- South Asia
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Entrepreneur building up Cambodia with ‘Lego-like’ bricks
A Cambodian social entrepreneur has won plaudits for his "My Dream Home" project, which aims to provide affordable and environmentally-friendly housing solutions to the country's poor.
- Categories
- Uncategorized
- Region
- South Asia
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Peer-to-peer lending segment needs regulation, says Reserve Bank of India deputy governor
Gandhi says RBI believes P2P lending is an important innovation in the financial services space as it furthers the agenda of financial inclusion.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance, regulations
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India’s Practo Plans to Take Digital Health-Care Success Abroad
Practo Technologies Private Ltd.’s audacious goal of bringing order to India’s chaotic health-care system is starting to bear fruit, helping to transform it into the country’s biggest online medical network. Now the startup is planning to go global.
- Categories
- Health Care, Technology
- Region
- South Asia
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