Category: Business

February 9: Mike McCastle, American endurance athlete and founder of the ‘12 Labors Project’, is also a globally acclaimed coach who specializes in mental strength development and peak performance. As a multiple world record-setting athlete, Mike redefines the limits of human potential and has coached countless others to do the same. For the last fifteen years, McCastle has been on a mission to show people what they can truly achieve. McCastle has coached world renown athletes and explorers, helping them realize self-mastery and achieve record breaking outcomes. McCastle combines insight from endurance athletics, military experience and the science of the mind to reveal hidden potential.

Mike has personally undertaken Herculean endeavors under the banner of the ’12 Labors Project’, a charity driven initiative inspired by the mythological 12 Labors of Hercules. Devoted to inspiring others while pushing the limits of human performance, McCastle is committed to completing 12 seemingly impossible physical feats of strength. To date, McCastle has broken several world records including those previously held by David Goggins and Wim Hof. Mike is also an award-winning blog writer and motivational speaker who shares lessons of mental strength, grit, discipline and persistence with audiences around the world.

McCastle found his passion for fitness while serving 11 years in the U.S. Navy where he gained experience training Navy SEAL candidates and high-level government leaders. He has quintessential experience in the sport and fitness field and various other performance sectors. This has synced McCastle’s name with “performance booster” and “mental strength guru”. Recently, McCastle started giving guidance through seminars and individual coaching about how to use adversity and hardship as a catalyst for strength and continuous growth. He believes that “real strength is in the mind and not in our muscles. If you can believe it, you can achieve it.” Opening the gates of mental strength is something McCastle preaches about the most.

Mike’s clientele include elite athletes and teams, business leaders, mountaineers and explorers, and everyday seekers of excellence. World renown polar explorer and New York Times best-selling author, Colin O’Brady, sought McCastle’s help in training for his historic solo, unassisted and unsupported trek across Antarctica and man powered row across the Drake Passage. Various media outlets have featured Mike’s charitable efforts and expertise in mental strength and physical conditioning.

Apart from the field, Mike’s life is filled with being involved in charitable efforts centered around veteran mental health issues and Parkinson’s Disease.

Just like the legendary ’12 labors of Hercules’, Mike McCastle’s incredible challenges test his physical and mental limits with the ultimate goal of inspiring others to live with purpose, stand for a cause greater than themselves and be relentless in the pursuit of their goals.

Michael’s Charitable Labors have included:

• A 50k run for Cancer Research (wearing a 40lb vest).

• A 13-mile, 250-pound tire flip for wounded veterans; he flipped the tire 137 spans along a 500-foot paved street over the course of 10 grueling hours.

• A Rope Climb that equaled the height of Mount Everest, a full 29,029 feet in 27 hours for Parkinson’s Disease Research–a cause that hits close to home following the death of his father who suffered from the disease.

• On September 27th, 2015, Mike shattered the Guinness World Record for ‘Most Pull-ups in 24 hours’ after completing 5,804 pull-ups, all while wearing a 30 pound pack to represent the heavy burden of the wounded warrior. The event benefited Operation Enduring Warrior, a veteran run organization that hosts adaptive athletic events for wounded veterans.

• On May 22nd, Mike pulled a 2016 Ford F-150 pickup truck for 22 miles in 19 hours across Death Valley to raise awareness for Veteran Suicide.

• On April 11th, 2017, Mike began running 20 miles per day for 100 consecutive days to, again, heighten awareness of the Veteran Suicide epidemic. He completed this Labor on July 11, 2017.

• On Sept. 14th, 2021, Mike pulled a full size pickup truck for 10 miles through the Arctic Circle.

• On January 25th, 2021, after 2 hours and 40 minutes, Mike broke the world record for the longest full body submersion in ice.

Elite endurance athlete and strongman, Mike McCastle is also closely involved with “Frog Fuel” which is the world’s fastest digesting protein built for high performance athletes. McCastle believes there is still a long road to travel in front of him and says that he still has a lot more to achieve. You can get inspiration from him via his Instagram where he has more than 14k followers.

Wiz Entrepreneur Dr. Benoit Menye is a plastic surgeon who did his medical schooling in Torino, Italy Spain Valladolid

February 9: He pursued specialization training at the university of Perugia and San Marino where he also got  a master degree in plastic and cosmetic surgery . Dr. Benoit Menye is an Attractive personality, who speaks 5 different languages  with fine communication skills, which is exactly how a doctor should be. Entrepreneur Dr. Benoit believes that his clients should feel super comfortable with him. He pays extra attention to the client in order to understand the directions given by him taking in note his natural features.

Entrepreneur Dr. Marie Benoit Menye provides every services from Plastic Surgery to Aesthetic Medicine. He offers conscious and responsible medicine and cosmetic surgery. A medicine and cosmetic surgery that makes use of the most recent and improved availability of science and medicine, having as a guide the respect of the person and his freedom to choose. Aesthetic Medicine Treatments Targetes personalized treatments, performed with “minimally invasive” techniques and with short recovery times. Aesthetic surgery is a branch of plastic surgery aimed at improving physical appearance. The interventions can concern the face, especially the nose (rhinoplasty), the eyelids (blepharoplasty), the chin (genioplasty) and the ears (otoplasty).

He runs the most famous cosmetic surgery house in Europe with more than 1000 surgeries per month. Dr. Benoit Menye says “Nature’s creation is always perfect, and one should accept it. But, if you feel that you can add some more pinches of perfection, you are always welcome”. According to Dr. Benoit changing your features is not bad. He says if some feel confident and beautiful after any cosmetic surgery or plastic surgery what is dreadful in that? It is the advantage of technology that today we are able to do cosmetic surgeries so successfully. Ace Entrepreneur and Doctor, Benoit tries his best in order to match the expectations of his every client.

Fun fact about Dr. Benoit is, he is an African but has French and Italian  European Passport. He wants to be famous as the Cameroonian plastic surgeon in Europe. He  likes to work effortlessly and give the best results to the client. He is an expert, and offers surgeries related to Saggy breasts,liposuction ;belly fat, buttock’s surgery and all types of other surgeries which makes one look beautiful.

“I like to listen to my clients, and try to understand their directions and ideas about the final look as much as I can” says Dr. Benoit Menye. He is an expert in doing some new treatment to the face such as Russian lip techniques all the girls want vertical flat lips , lip surgeries, and lip fillers botox with fox eyes effect .

• Plump lips are in the trend and women are fond of looking the best among everyone! What if your lips aren’t the best looking?
• Well, not a problem, Dr. Benoit the cool surgeon is up to help you out.
• In is recent journey in is original country Cameroon dr benoit menye has been receive as a super star ;5 following day as a special guest in the television the first radio Television in Cameroon CRTV  to speak about plastic surgery in Africa ,and what he can bring to his mother land as a plastic surgeon .
• Doctor you said it was easy to you to explain to the population that plastic surgery can be useful in Cameroon why? Because most the population think that you can t and doesn’t has to modified what GOD created many African women want to stay natural because it is a GOD GIFT ,so I had to explain them that sometimes getting old have some touch up is useful ,why live for example with prominent ears if there is the otoplasty ? When I was young I suffer in early age for having bigs ears ,I couldn’t afford a surgery ,but now it s possible.
• Doctor what can you bring to your country and also continent as plastic surgeon ?my experience teach young doctors and also tell young people that everything is possible ,believe in your dreams

Even when it seems very complicated ,has a foreigner you always has to be the best ,studied a lot believe in god

• Doctor how an African guy made it in became that famous in Europe ;Italy specially where we know that there is racism issues ,different problems with athletes because of their color ?well I have always believe in a world without discrimination but it s true it wasn’t t easy ,but you also have good people here in Italy ,I had to studied a lot I had always but always to do more than the others ,in order to be notice ,I receive a lot of humiliation ,but I knew where I wanted to go ,I knew where I wanted to achieve ,and I made it, the best is yet to come ;
• Doc we saw you we vips super stars movie stars in your instagram soccer players how do you k now them,? I have a big network you know I do believe that good people got to know good people period ,so if you are good in your business you will know good people in other businesses

In have many of these stars as friends ansd also clients

• Dr you are fans of good life of super car and watches we can tell Bentley g wagon Pateck Rolex private jet  tell something about that passion?ahahaha I work hard but very hard ,everything I have is from my hard. Work ,I put it all .
• Doc we know you also help kids in your country ,you help many orphelinat ?yes I m trying to help kids give them opportunities since I have capacity to do so ,but in private .

He has an Instagram page with 12.8k followers where he posts before and after pictures of surgery. As evident from his instagram he is the best cosmetic surgeon of Europe! You can contact him on his instagram to book appointments or consultation.

February 9: Entrepreneurship Coach, Award-Winning Entrepreneur, author, and International sales and Marketing Consultant Don Markland is the CEO and owner of Accountability Now, an Executive Coaching and Business Strategy company based in Jacksonville, Florida. Through Accountability Now Don aims to provide best tools and services small business owners. Further, Don has personally worked with over 1,100 coaches starting their practice since 2020. With that group, he has helped create 10 six-figure coaches in their own right and 7-figure coach.Working with Don Markland, he was named the #1 Business Coach in Florida by Noomii.com, as well as Top 10 Coaches to follow by Yahoo Finance!. Most recently, his company was recognized as the #2 Online Training Program in the United States by Bestcompany.com.

Don specializes in marketing coaching and consulting, sales coaching and consulting, and entrepreneurship development. His programs have led to him being a contributor for major publications like Forbes, LDS Living, Debt.com and others. As a matter of fact, Don has more than 25 years of experience in the world of marketing, leadership and business growth. WithAccountability Now, he has helped over 36 clients, from 7 different countries, reach over 7-figures and more. His experience in the field is unmatched and this is why what he does is always highly sought after. Most recently, he lead sales training efforts in a multi-day seminar in Dubai for one of the fastest growing Finance Service organizes in Eastern Europe. He continues to be brought in for sales and marketing training to develop teams and drive results all over the world.

Prior to Accountability Now, Don Markland was a seasoned entrepreneur helping grow businesses. He spent time as the Head of Global Sales for 411Locals, one of the most successful digital marketing agencies in the US. During his tenure, Don drove  a record +36% growth during the global pandemic. Previously, he also worked as an owner and Chief Revenue Officer for MoneySolver, a private equity fintech company, where he led the firm of over 350 employees to become the nationally recognized and largest Tax Resolution digital marketing fintech company in the U.S. with over 250% growth in three years. This has been one of the most successful endeavors of his tenure largely built on his success of implementing his program “The 4Cs of Accountability” throughout the organization. This program has been featured on Forbes and is currently in his book on sale at Amazon, Barnes and Noble, and more. Don also managed $100M Care Centers for State Farm Insurance, All State, and Geico.

Unlike other professional coaches Don’s start was small; he joined entrepreneurship in his 20s working as the COO and co-owner of Launch Leads. That startup, in Salt Lake City, Utah was where Don built his program and helped the business achieve record performance in both client and revenue growth.For this work and such Outstanding performance, he was mentioned in “Utah Business Magazine’s” – Top under 40 leading businesses executives in the entire state. He also spent a considerable time with Focus Services, helping them grow from $7M to over $45M, and into four different countries, in under five years.

In Don’s entrepreneurship development program, the key to success is always consistency and hard work. If you have any goals in life all you must do is be 100% devoted to the cause. This way apart from working towards the goal you will also be manifesting towards it and hence increase your chances for achieving the goal. You can follow Don on his Instagram where he has more than 112k followers and shares lots of inspirational quotes and posts or join his coaching group with over 1000 coaches every year.

February 9: IDAAC Solutions (P) Ltd, is a Design, Engineering, Construction, Technology & Management services conglomerate since 2002. It meets critical needs in key industries such as real estate, infrastructure, and construction. Apart from India, it has a footprint in three other countries. IDAAC has long been a pioneer in the fields of architecture, interior design, and construction. IDAAC SOLUTIONS has been a multidisciplinary ISO-certified organisation for over two decades, known for its trendsetting techniques, futuristic ideas, and ability to create something remarkable each time. This upbeat attitude and unwavering determination to transform brick and mortar into dreamlike spaces and works of art have enabled the organisation to carve a niche not only in its industry but also among its valued competitors.

IDAAC is exceptionally adaptable and equipped to deliver innovative results for a wide range of clients in Architecture, Interior Design, Project Execution & Management, PMC, EPC, FEED, and 360-degree Turnkey Solutions, to name a few. IDAAC Solutions is driven to succeed, and the core philosophy is to design by researching, asking probing questions, and ultimately inspiring.

The organization’s specialties include architecture, engineering, interior design, landscape architecture, research, environmental sciences, project management, and infrastructure construction. From project conception and planning to design, construction, and commissioning, the process is carried out stage by stage using an interactive, collaborative, and multi-disciplinary work methodology.

IDAAC Solutions creates Design Solutions that are extraordinary in concept and execution, combining best practises and technology to create designs that are not just unique in appearance but also functionally cutting-edge, environmentally friendly, and visually stunning. The highest standards of quality are upheld by IDAAC Solutions, which touch and enrich the lives of its clients and everyone involved. IDAAC Solutions has an unrivalled ability to connect to projects and people, because of a long-standing commitment to the people and places for whom the company works.

IDAAC SOLUTIONS has been reshaping cityscapes and landscapes with massive constructions and extravagant levels for the past decade. The company’s projects are highly flexible, covering the entire gamut of construction — civil, mechanical, electrical, and instrumentation engineering, with services extending to all core sector industries and infrastructure projects, and it is ranked among the top 15 enterprises.

In a nutshell, the company believes in delivering projects with unmatched precision and ingenuity, surpassing its standards every time. A simple cornerstone with unrivalled accomplishments.

The key strategy of IDAAC Solutions has not only been to secure the best projects in the industry, but also to build a team comprised of the country’s brightest talent. The company has been attracting, retaining, and shaping the best engineering and design talent pool, transforming the organisation into an ocean of ideas and best executors. The same is true for the infrastructure and equipment.

IDAAC Solutions also has the largest fleet of sophisticated and specialised equipment for speedy, high-quality, and cost-effective construction. With an exemplary completion of over 500 small and big projects to date, the approach is not just global but even the reach, transforming the range from Pan India to overseas as well. The organisation’s competencies are unceasingly developed through close collaborations with global partners who are also industry specialists.

www.idaacsolutions.com

Email: operations@idaacsolutions.com

Ph +91-9818300098, 9871911741

February 9: sKarn RoboticS is an emerging-tech IT player making a big technology shift with its innovative product line Wecript. The name behind this innovation is The KARN.

The Karn is the young and dynamic founder of sKarn RoboticS and Wecript ecosystem. With Wecript, he becomes the owner of the first-ever Indian private search engine company.

Wecript is a new-age search engine providing a safe and user-friendly searching experience to internet users, while protecting users privacy, information and Freedom.

The Karn is a revolutionary, creative and Innovative mind founder, in his late twenties who has worked hard for advanced innovation in the field of encrypted automation. As the founder of Wecript and sKarn RoboticS, The Karn stands out to be an entrepreneurial genius all set to make India progress in the field of Data Privacy and Artificial Intelligence.

With his sure intentions to make India a pro-IT leader on the world stage, The Karn came up with his startup company sKarn Robotics in 2019. The Karn has a dedicated vision to develop a range of technology products to transform the way people use the internet. He also aims at ensuring that the privacy of people remains protected with the help of novel and advanced technology products.

He started with a vision of contributing towards the motto of ‘Atma-Nirbhar India’. As he says in his own words, “With the proposed mantra of ‘Atma-Nirbharta’ as addressed by PM Narendra Modi, the entire country is going by the notion of Make in India quite diligently. This is something that I look up to as my mandate of action and idea of service.” Following the same, The Karn has a vision of coming up with Make in India innovations to promote exuberant growth in the Indian tech space.

He is driven by the bigger purpose of serving the society. He has worked hard exploring new ideas and finding better avenues towards his goal of transforming technology trends, aiming at societal growth through granular tech disruption that impacts and improves everyone’s life. He has shown great levels of perseverance and gone through a daily grind in meeting his goals towards societal transformation.

On a personal level, The Karn is quite enthusiastic and passionate about his mission. He has showcased ample excellence in initiating and managing the entrepreneurial skills of running a successful startup amidst the COVID-19 era. He has also been one of the early entrepreneurs to promote the ‘work from home’ culture during the pandemic.

With his sustainable approach in the field of information engineering and progressive lookout towards IT innovation and security, he turns out to be a big hope of modern digital India.

New Delhi (India), February 9: NCLdoor the premium door brand from the NCL Industries Limited stable has launched its 120 Minutes Fire Rated Door Series.

Speaking on the occasion Mr. Goutam Reddy, Sr. Vice President of NCLdoor said, “As a team we have always believed in innovating and R&D has been an integral part of the Company philosophy. The introduction of the 120 Minutes Fire Rated Doors is another proud moment in our pursuit of excellence”.

Originally started in 2019, NCLdoor are a premium range of doors which are made with patented Cement Bonded boards (Bison Panel) to withstand moisture, fire, termites and other elements that affect the overall life of a door. NCLdoor is a one-stop custom doors solution, i.e., providing door frame, shutter, architrave and installation which is customizable as per requirement, color, texture and size.

Built in India’s largest door manufacturing facilities, Located in Hyderabad, Telangana, the unit spreads over 2 lakh square feet. The doors are manufactured in technical collaboration with AGT Europe.

Since its inception, NCLdoor has expanded into multiple new markets including Delhi, Mumbai, Chennai, Kolkata, Bangalore and Pune.

About NCL Industries Limited

NCL Industries Ltd has been recently awarded as “India’s Fastest Growing Cement Company” in small category at the 4th Indian Cement Review Awards 2021. NCL Industries Ltd was ranked 171 in the Fortune India ranking of Midsized Marvels Top 500 Companies in India for year 2021.

February 9: Onikuma has entered into an exclusive partnership with DNS Global to launch its range of gaming devices in India through Flipkart. The brand has commenced the launch by introducing 15 products that are priced competitively between INR 899 to 2499/-.

A young brand with 6 years into the industry, Onikuma has already garnered its presence across 188 countries. In order to penetrate the Indian market, Onikuma has made strategic partnerships with DNS Global, owing to their legacy of 30 years in the telecom and electronics distribution business and Flipkart because of its strong consumer base in gaming category.

Onikuma is bringing premium quality RGB headphones, a gaming mouse and a keyboard for eSports players in India. They have also developed the ONIKUMA X15 PRO RGB Light Double-Head Beam Gaming Headset, which is a unique technology in gaming headphones.

According to a report by the FICCI and EY India, the Indian eSports market reached INR 3 billion in 2021 and is expected to reach INR 11 billion by 2025. Onikuma is working actively to develop its gaming fanbase in India and plans to continue investments with Flipkart to build its brand in the country.

Mr Rajan Dhingra, CEO of DNS Global, said, “We are overjoyed by our partnership with Onikuma. The group is working extensively to reach out to consumers. At DNS we always believe in offering best quality products to consumers at affordable prices and Onikuma has the perfect combination of both. We have a similar vision and mission and are looking forward to continuing this partnership.”

Onikuma already sells over 10 million products each year from its extensive line of over 100 products & are continuously developing new products and technology with their 150+ R&D Team,for gamers all around the world.

DNS Group has been in the telecom and electronics distribution business for 30 years, with offices and warehouses in major cities across India, The United Kingdom, The United States of America and Africa. DNS, in collaboration with its partners, provides after-sales care at450 service centres across India.

The gaming market is developing at an immense pace, especially since COVID hit. DNS Global formed alliance with Onikuma, which focuses solely on gaming devices, to explore the lucrative opportunities this market has to offer.

To know more visit: Onikuma Headphone- Buy Products Online at Best Price in India – All Categories | Flipkart.com

 

New Delhi (India), February 9: Manufacturing and Other Operations in Warehouse 2.0 (MOOWR-Sys), developed by LEO Tech Exim Solutions LLP is a web-based AI tool to conduct day-to-day activities, monthly returns & audit compliances. It’s a re-introduced scheme by the Government of India in the year 2019. Introduced with an objective to import the raw materials into the factory and carry manufacturing using these raw materials, MOOWR 2.0 emphasizes payment of IGST and Customs Duty before the removal of goods from the factory. The scheme is a combination of Sec. 58/58A and Sec 65 of Customs ACT. The scheme lacked clarity and awareness, hence wasn’t approved earlier. But in October 2019, the Government of India re-introduced the scheme with the help of Invest in India.

The re-introduced scheme was originally introduced in the year 2016 by the Government of India to promote the Make in India Scheme. Unfortunately, in the year 2018, The USA filed a case against India in the World Trade Organization with an allegation of giving undue exports incentives to Indian exporters. India lost the case in 2019 and the appeal was also rejected in 2019. The Government of India also introduced a Foreign Trade Policy in 2020, but it got delayed due to the pandemic and the export benefits still remained obscure. This empowered the World Trade Organization to hold the export benefits including SEZ Scheme which wasn’t in compliance with the Global Trade Norms. Ashok Agarwal, the founder of Lucrative Exim Outsourcing Pvt. Limited stepped forward to address this issue.

He says, “During my research period I went through many write-ups and talks available for this scheme which delivers clarity on Policy, Procedure Rules, Regulations, and benefits to Industry. Everyone stated that this is a Revolutionary Scheme. I personally thought that if this scheme is worthy and beneficial, then why isn’t the industry adopting it? Therefore, during the study of the Customs Act and MOOWR 2.0 scheme, I realized the lacking point of this scheme and the processes of compliance. Through LEO-Tech Exim Solutions LLP, I introduced the AI tool – MOOWR Sys. The scheme was reconsidered and today it benefits thousands of manufacturers. It is also in accordance with the Government’s ‘AATMA NIRBHAR BHARAT’ Campaign.”

MOOWR Sys is priced very economically to benefit all sections of society. Contact ashok.agarwal@lucrative.co.in for a demo or dial 9890618838 for further details.

New Delhi (India), February 9: After a Delhi Police raid on January 25 seized counterfeit Spark Minda products worth Rs. 10 lakh from a basement in the North-West Delhi’s Bhorgarh Industrial Area, the Minda Corporation has enhanced its vigil against infringement of its brand value. In this regard, the company officials are in regular touch with the authorities, including the police, to ensure that such nefarious practices are curbed in time and the customers’ hard-earned money isn’t spent on counterfeit products.

The said raid was a part of Delhi Police’s anti-counterfeit operations and it was initiated on the directions of the Hon’ble Delhi High Court through a Court-appointed Local Commissioner. The seized products included huge quantities of lubricant oil, 10,000+ units of Spark Minda marketing collaterals, 3,500+ units of packaging material, and a Minda automatic batch-code machine. The products seized during the raid were manufactured under the brand names “Spark Minda” and “Minda.” The said premises have been sealed for now by the Delhi Police.

Speaking on the matter, Neeraj Sharan, CEO (Aftermarket Division), said, “Infringement is a serious concern across industries; there is a need to collectively address the issue of counterfeits. Through our sources, we came across such illicit activity and decided to take stringent action against companies engaged in malefic activities against the brand SPARK MINDA. It will be our endeavour to make sure all infringed products are eradicated from circulating in the market under our brand name.”

He urged the customers to beware of purchasing counterfeit products, which are available in the market today. Sharan said, “We are making every effort to ensure that the counterfeit products or infringed products do not reach the customers. Meanwhile, I would urge buyers of the Spark Minda products to ensure that they are purchasing from authorized dealers only.”

He also revealed that over past decades, Spark Minda, which has vowed to deliver the best quality products to its clients, has faced an onslaught from counterfeiters threatening to tarnish their brand value. However, the firm remains committed to protect its brand value and cooperating with the authorities in nabbing those indulging in such activities. The raid conducted in January was a part of Minda Corporation’s same commitment, said CEO Sharan.

Spark Minda, earlier known as Minda Group, is one of the leading manufacturers of automotive components for the OEMs in the world. The US $507 mn group employs 16,000+ people while catering to manufacturers of passenger vehicles, commercial vehicles, motorcycles, scooters, off-road vehicles, and Tier 1 manufacturers too. The company is present in India, Indonesia, Vietnam, Uzbekistan, US and Japan. Their 450 dealers-strong network makes Spark Minda an enviable entity and, thus, attractive to counterfeit manufacturers.

Rajiv Ranjan – Chairman (Micro clusters development council of India, employment generation council, MSME council) Member NGC (AIMO)

February 9: This year’s Union Budget FY 2022–2023 of the Government of India has not only brought focus on digitalising finance and the finance sector but has also taken the public sphere by storm. The budget has used “Digital India” as a pillar to bring in inclusion and to build a robust economy in the long term. Some of the key highlights that cut into the finance and digital-finance space include:

CBDC—Digital Rupee

The budget proposal mentions that the digital rupee will be introduced by the Reserve Bank of India (RBI) in FY 2022-23.

“Introduction of Central Bank Digital Currency (CBDC) will give a big boost to the digital economy. Digital currency will also lead to a more efficient and cheaper currency management system. It is, therefore, proposed to introduce Digital Rupee, using blockchain and other technologies, to be issued by the Reserve Bank of India starting 2022-23”, Finance Minister Sitharaman said.

Cryptos as assets?

Meanwhile, the government has also announced that any income from the transfer of digital assets will be taxed at the rate of 30 per cent. This will impact all profits from trading in cryptocurrency and Non-Fungible Tokens (NFTs). “No deduction in respect of any expenditure or allowance shall be allowed while computing such income except the cost of acquisition. Further, loss from the transfer of virtual digital assets cannot be set off against any other income,” she added. To capture the transaction details, the government has also provided for TDS on payment made about the transfer of virtual digital assets at the rate of 1 per cent of such consideration.

Post offices on the core-banking system:

All the 1.5 lakh post offices in India are set to be connected to the core banking system in the FY 2022-23. This will enable financial inclusion and access to post office accounts through net banking, mobile banking, ATMs, and also provide online transfer of funds between post office accounts and bank accounts. It is worthy to mention that this proposal has its ideological genesis in the National Mission for Financial Inclusion (NMFI) of August 2014, which seeks to provide universal banking services for every unbanked household, based on the guiding principles of “banking the unbanked, securing the unsecured, funding the unfunded, and serving unserved and underserved areas”.

‘Digital banking Units’ in 75 districts by SCBs:

To mark 75 years of Indian Independence, 75 Digital banking units will be set up in 75 districts of the country by the Scheduled Commercial Banks (SCBs). This would push ahead financial inclusion, and the banks might see improved access to liabilities pools from newer consumer sources in those geographies.

Tax holiday extension for start-ups:

Eligible start-ups established before 31 March 2022 had been provided with a tax incentive for three consecutive years out of 10 years from incorporation. Now that eligibility has been extended to those eligible startups established before 31 March 2023.

Gift City: India’s first and only financial services centre:

Gift–IFSC has an entirely separate financial jurisdiction with the International Financial Services Centre Authority (IFSCA) as the unified financial services regulator. The IFSCA has been empowered under 14 separate Central Acts. An international arbitration centre will be set up in GIFT city to provide faster and cheaper dispute resolution, on the lines of the Singapore International Arbitration Centre or London Commercial Arbitration Centre.

Interlinkages for better credit access to MSMEs:

MSME portals such as Udyam, e-shram, NCS, and Aseem will be interlinked, widening their scope of usage. They will work as portals with live databases providing G-C, B-C & B-B services such as credit facilitation. With improved credit facilitation, the MSME sector would benefit by addressing the working capital needs, which have been plaguing them for a long.

Green Bonds

Digital universities to be set up to provide education:

“The immediate focus now as children come back to physical classrooms has to be on face-to-face teaching. Digital was essential during the lockdown, but we don’t have enough evidence to say what benefits it adds in comparison to in-person teaching,” said Samreeta Ranjan Head of ‘Ehsash’ an educational NGO that produces the Annual Status of Education Report. Ms Ranjan suggested that the priority in the year ahead must be on foundational literacy and numeracy, even as many Class 3 students step into a physical classroom for the first time this academic year.

One lesson the pandemic has taught us – online teaching should not be confused with a meaningful education. It may provide some engagement when schools are closed, but is pedagogically inferior to in-person learning within the learning community of the classroom and the school, said Rajiv Ranjan founder and managing director of Indie TikTok, Canvas Laugh Company, Rudraa Fresh, Rudraa Initiatives Media, National Coalition on the Education Emergency, noting that India has had among the highest numbers of days of school closures in the world. “In this context, what is needed is a huge infusion of funds to schools – to repair schools that were kept locked, provide teaching-learning materials, student learning resources to address multi-level learning gaps, fill all teacher vacancies and appoint additional teachers to support learning, provide support for community learning centres, and engage parents in the process,” he added.

He said that over the past few years, many digital enablers have been put into motion. The larger context that could leapfrog India as a digital finance leader-nation would be the ecosystem combination of ‘Open Network for Digital Commerce’ (ONDC—an open-source e-commerce platform that all online retailers can use), Open Credit Enablement Network (OCEN), blockchain-enabled financial system, Digital Rupee, UPI, the powerful JAM trinity, Digital University and the move towards the green-transition. This could make India a true digital finance state, and hopefully, without any digital divides that could marginalise anyone from participating in the citizenry benefits that such a state.