Tag: Business

New Delhi (India), August 19: Portfolio Management Services (PMS) offer customized investment solutions through – professional portfolio managers to create wealth for you.

However, not everyone is clear on how PMS works, what are the types of PMS and other critical aspects one should know before making an investment decision. In this article, we help you understand Portfolio Management Services in detail.

What is PMS?

PMS enables you to invest in a diverse range of assets such as equities, fixed income securities, and mutual funds, all under the expert guidance of a professional fund management team. 

Unlike mutual funds, PMS provides a unique, individualized investment strategy, tailored to your specific financial goals and risk tolerance.

Types of PMS 

PMSes can be broadly classified into 3 categories: 

1. Discretionary PMS: In this PMS, the portfolio manager has the complete discretion to make investment decisions on behalf of the investor. You entrust the manager with the responsibility of making timely and strategic investment decisions, without needing your approval for each transaction.

2. Non-Discretionary PMS: Here, your portfolio manager suggests investment ideas, but the final decision lies with you. Once you give the go-ahead, the portfolio managers take the appropriate action on your behalf. 

3. Advisory PMS: This is a more collaborative approach where the portfolio manager provides investment advice tailored to your financial goals and risk tolerance, but the execution of the trades is done by you.

The choice of PMS depends on your personal preference, investment knowledge, and the level of trust and comfort you have with your portfolio manager. 

The growth story of PMS in India

The growth of Portfolio Management Services (PMS) in India has been remarkable. 

Over the past seven years, the total AUM in the PMS industry has nearly tripled, rising from INR 10.45 lakh crores in March 2016 to nearly INR 28 lakh crores in March 2023.

Journey of PMS in India

1993: SEBI introduces regulations for PMS, marking the formal inception of these services in India.

2006: SEBI established strict guidelines for education and experience eligibility criteria to become a qualified portfolio manager.

2012: The minimum investment limit for PMS is raised from INR 5 lakh to INR 25 lakh.

2020: SEBI further increases the minimum limit of PMS to INR 50 lakh.

2022: The PMS industry AUM is predicted to surpass INR 30 lakh crores by 2025 if the current growth rate is maintained.

The growth of the PMS industry is due to 

-Increasing net worth and capital amongst Indian investors 

-Access to expert PMS 

-High risk appetite of investors.

PMS v/s AIF v/s MF

Each of these investment avenues caters to different types of investors and comes with unique characteristics. Here’s a brief comparison:

PMS (Portfolio Management Services):

-Min Investment: INR 50 Lakhs

-Instruments: Equities, Fixed Income, Debt, Cash, Structured Products

-Transparency: High

-Liquidity: Low to Moderate

-Risk: High

-Investor Type: HNIs (High Net Worth Individuals), Institutional Investors

AIF (Alternative Investment Funds):

-Min Investment: INR 1 Crore

-Instruments: Private Equity, Venture Capital, Hedge Funds, Real Estate, Commodity derivatives

-Transparency: Low to Moderate

-Liquidity: Very Low

-Risk: High

-Investor Type: Sophisticated Investors, HNIs, Corporates

Mutual Funds

-Min Investment: INR 100 – INR 5000

-Instruments: Equities, Debt, Money Market Instruments, Other Securities

-Transparency: High

-Liquidity: High

-Risk: Low to High (depends on the scheme)

-Investor Type: Anyone 

Now, let’s come to the most important question – Are PMS the right investment vehicles for you?

Investing in PMS is best suited for investors who seek customized strategy and are comfortable with a higher risk-return trade-off.

Who can invest in PMS: 

-Resident Indians, Non-Resident Indians (NRIs), or Persons of Indian Origin (PIOs).

-The minimum investment amount for PMS is INR 50 lakhs.

-Institutional investors such as banks, corporate bodies, partnership firms, and HUFs (Hindu Undivided Families) can also invest in PMS.

Now, let’s understand the pros and cons to help you analyze if PMS as an investment avenue suits you 

Pros:

-Customized Portfolios: Tailored to specific financial needs and goals.

-Expert Management: Managed by qualified and experienced portfolio managers.

-Transparency: Detailed reporting of portfolio holdings, transactions, performance, fees, and charges.

Cons:

-High Minimum Investment: Requires a minimum investment of INR 50 lakh.

-High Fees and Charges: Personalized services lead to higher fees and expenses.

-High Risk: May invest in concentrated or illiquid stocks, leading to high volatility.

Conclusion

PMS offer a unique and personalized approach to investing, making them an appealing choice for investors. 

However, like all investment avenues, they come with their own set of risks. It’s crucial to understand your financial goals, risk tolerance, and investment horizon before diving into the world of PMS.

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Mumbai (Maharashtra) [India], 19: House Of Ekam, a premier Indian home decor brand & ecommerce store, has provided women artisans of rural Odisha empowerment & livelihood by selling more than 25,000 of their sabai grass baskets in India and abroad.

Sabai grass is a perennial grass found in abundance in Odisha and West Bengal. Originally used to make ropes, sabai grass weavers found better use of it by making home décor products like trays, baskets, vases, etc. The grass can be dyed as well, making it ideal for decorative purposes.

House Of Ekam sourced designer sabai grass baskets for wall decoration from women artisans in remote parts of Odisha and launched them in India and all over the world in 2020. In less than 4 years, House Of Ekam has sold more than 25,000 pieces of these sustainable & eco-friendly baskets. The market thus created has not only generated employment for women in rural Odisha, but also bolstered the market for Indian handicrafts.

“Indian handicrafts are sought after all over the world, but were not easily accessible in India. Indian handicrafts were out priced in comparison to machine-made products and majorly exported. During my tenure as category manager for leading home decor brands, I recognised the market for quality Indian handicrafts designed with modern sensibilities. At House of Ekam, we work directly with craftsman in remotest parts of India. With our design curation, sourcing prowess and quality standards, we have sold more than 1,00,000 handicraft products in India and abroad in the last 6 years. We take pride in presenting the best of India to the World, and Sabai grass baskets are a testament to the Indian craftswomanship” says Tanvi Agarwal, Founder of House Of Ekam.

Founded in 2017, House of Ekam is a bootstrapped e-commerce home decor brand. House of Ekam has a wide product portfolio with over 1,000 products spread across 20 categories like wall décor, curtains, bed linen, table linen and lots more on www.houseofekam.com Expanding their footprint, they have launched a website to specially cater to the international demand for their products and also forayed into hand printed apparel for women.

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New Delhi (India), August 18: Get ready for some cricket fun! The 11th Caribbean Premier League (CPL) is starting on August 17, 2023. Cricket fans all over are super excited, and there’s even better news – Skyfair.vip is now the official partner of CPL T20 2023! This makes the tournament even more special and thrilling.

What’s Happening in CPL T20 2023:

The CPL T20 2023 will have lots of cool matches happening over a few weeks. The big final match will take place on September 25 at the Providence Stadium in Guyana. The very first match will be between Saint Lucia Kings and Jamaica Tallawahs at the Daren Sammy National Cricket Stadium in St. Lucia.

Teams in Action:

There will be six teams in total playing in the tournament. These teams are Saint Lucia Kings, Jamaica Tallawahs, Barbados Royals, Trinbago Knight Riders, St Kitts and Nevis Patriots, and Guyana Amazon Warriors. They will all play 34 matches, and it’s going to be so exciting!

Skyfair.vip: Making Things More Awesome:

Guess what? Skyfair.vip is the official partner of CPL T20 2023! They are adding more fun and excitement to the cricket matches. But that’s not all – Skyfair.vip is also a place where you can do online betting and play games. They are super popular among Indian players, and they accept Indian money for betting and playing games.

More About Skyfair.vip

Skyfair.vip is all about making games and betting exciting for people. They have things like Sports Betting, Online Casino games, and Live Casino games. They want everyone to have a great time while playing and betting on their platform.

Conclusion:

The Caribbean Premier League is going to be even more amazing with Skyfair.vip as the official partner. They’re not just a partner – they’re also a place where you can have lots of fun with games and betting. So, get ready for a summer filled with cricket excitement and lots of entertainment with Skyfair.vip!

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Empowering Contract Management: Contractzy’s Patented Online Dispute Resolution transforms Contract Lifecycle Management

New Delhi (India), August 18: Contractzy (formerly The Legal Capsule) is delighted to share a significant milestone that will shape the future of Contract Management. It is with great pride that we announce the successful grant of a Patent for our innovative approach to Online Dispute Resolution (ODR) seamlessly integrated within the realm of Contract Lifecycle Management (CLM). This momentous achievement is poised to reshape the landscape of Contract Management worldwide, and we’re honored to be at the forefront of this innovation.

The granted Patent underscores Contractzy’s unwavering commitment to pushing the boundaries of what’s possible in the world of Contract Management. This revolutionary ODR technology is a game-changer, enabling faster, more efficient resolution of disputes and ushering in a new era of streamlined Contract Management processes.

“Today marks a significant milestone in our journey as we disrupt the Contract Management Market on a global scale,” said Gautami Raiker, Founder and CEO of Contractzy. “Our Online Dispute Resolution Patent is a testament to the hard work, dedication, and forward-thinking mindset of our entire team. We believe this innovation will transform the way organizations manage Contracts, enhancing efficiency, reducing friction, and providing a competitive advantage to our Clients.”

With this Patent, Contractzy is set to become the go-to solution for businesses seeking a comprehensive Contract Lifecycle Management platform that not only streamlines Contract creation and management but also offers a seamless and efficient method for resolving disputes that may arise during the Contract Lifecycle process.

As Contractzy embarks on this transformative journey, we extend our gratitude to our esteemed Clients, Partners, and the entire Contractzy community for their ongoing support and belief in our vision. Together, we’re shaping the future of Contract Management.

Regarding Contractzy: Established in 2018 by Gautami Raiker and Shravan Hegde, Contractzy stands as a forward-thinking startup that focuses on pioneering advancements in Contract Lifecycle Management. From the very beginning, our commitment has been unwavering in transforming the way Organizations manage their contracts.

Connect with us on LinkedIn

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Mumbai (Maharashtra) [India], August 18: These change makers of the month have reshaped norms, driven progress, and inspired, making an indelible mark on innovation and society.

1. Dr. Amit K Bagthalia: A Visionary Leader Driving Growth in Hygiene Industry

Dr Amit K. Bagthalia has over 24 years of experience as a Project and Brand Making Consultant within the Disposable and Absorbent Hygiene industry, earning accolades such as India’s Top Mind Award and Most Influential Leadership Award in recognition of his hard work. His knowledge, skill, dedication and success are unsurpassed within the industry he serves.

As CEO and founder of HEALTH2HYGIENE, Dr Bagthalia has played an essential role in driving profitability and growth within his industry. His deep understanding of market conditions combined with innovative product development techniques and strategic business approaches have propelled his ventures into industry leaders. Furthermore, his partnerships and distribution networks ensure widespread product reach and market penetration.

Dr Bagthalia’s dedication to public health and hygiene can be seen through his innovative products that enhance cleanliness and well-being. Through his leadership skills, team-building abilities, and ability to leverage emerging technologies he continues to drive sustained growth within the Disposable and Absorbent Hygiene Industry. www.hygieneprojects.com

2. Mr. Almas Johari

Mr. Almas Johari, the founder/CEO of Bengaluru-based prop-tech startup Greenlakes, is a highly determined entrepreneur with a strong vision and commitment to building a successful business empire. His inspiring portfolio boasts successful startups in the real estate, jewelry, and home improvement industries. Mr. Johari is also the Co-founder of a home improvement company and Coworking spaces.

Driven by innovation and perseverance, the serial entrepreneur has surmounted social barriers, thrived in diverse cultural settings, and broadened his societal perception. These attributes have enabled this IIM (B) alumnus to forge numerous global partnerships and expand his businesses into new markets across borders.

Under his leadership, Greenlakes has become India’s first blockchain enabled managed farmlands and co-working space farm-space, earning numerous awards for sustainable living. His ability to excel under pressure stems from his interpersonal and analytical skills, and he actively engages in humanitarian efforts, partnering with NGOs and participating in social programs.  www.greenlakes.in

3. Dr. Sheetal Nair  

Dr. Sheetal Nair is a distinguished figure in the fields of authorship, public speaking, coaching, and psychotherapy, boasting an impressive career spanning over a decade. As an acclaimed author and TEDx speaker, he has skillfully conveyed his insights to a global audience, inspiring individuals and organizations to achieve their objectives and uphold their missions.

Educated at prestigious institutions such as Symbiosis, IIMC, Harvard, and John Hopkins, Dr. Nair’s academic prowess is matched by his unwavering commitment to research. He is currently pursuing his second PhD, aligning with the principles of the National Education Policy (NEP). This reflects his dedication to pushing boundaries and contributing to knowledge in his chosen field.

With a unique blend of experiences and expertise, Dr. Sheetal Nair continues to shape the landscape of personal development, organizational alignment, and scholarly exploration, leaving an indelible mark on all he engages with www.sheetalnair.com  

As women continue to make strides in the workforce, the demand for smart, stylish, and well-fitting power outfits is on the rise. Fashion is more than just clothing; it is a means of self-expression and empowerment. Embracing the fashion statements of Korea, China, the United States, and Europe, India is in need of brands that can meet these expectations, and Jaey, a homegrown workwear brand, is stepping up to the challenge.

Jaey is breaking barriers and stereotypes surrounding workwear in India, providing a solution for women of all shapes and sizes. Since its launch in 2021, Jaey has been delivering the most stylish and functional outfits, carefully crafted from premium handpicked fabrics to ensure an impeccable fit. With a wide range of sizes from 2XS to 6XL, Jaey goes above and beyond by introducing SizeYOU – your body, your size – a revolutionary concept in India. Using an AI-enabled Virtual Tailor, it captures precise measurements using just two photos, allowing customers to find their perfect fit effortlessly. In addition to offering exceptional clothing, Jaey has built a vibrant community of over 10,000 followers on social media, empowering women by sharing powerful and informative content on power dressing.

Jaey aims to revolutionize the way Indian women dress for work. Each collection is meticulously curated, keeping in mind the unique curves of Indian women. With styles like peplum, cowls, frills, slits, pleats, and a refreshing color palette that goes beyond the traditional black, blue, and grey, Jaey brings a breath of fresh air to workwear fashion. Jaey offers a diverse range of over 200 styles across blazers, dresses, tailored trousers, skirts, and co-ord sets.

Inspired by popular Korean TV shows like Crash Landing on You, Why Her, and Vincenzo, as well as the American TV show Suits, Jaey’s collection, stands out with its unique and classy designs with customizable sleeves, length, etc., allowing the customers to personalize their outfits as per their comfort. And the best part? All of this comes in a mid-premium price range, starting from just Rs. 1,250 to Rs. 8,000.

Founder Jaini Haria shares her vision, “I started Jaey with the aim of making good quality, aspirational workwear available for all, and with every new collection, we’re pushing the boundaries higher. Our goal is to become the ultimate one-stop shop for all workwear needs in India.”

To ensure a personalized experience, Jaey exclusively sells through its website, www.jaey.in. The brand has garnered significant interest among women, boasting a return rate of less than 5%, well below the industry average of 20-40%. With a growing number of loyal patrons relying solely on Jaey for their workwear essentials, it’s clear that Jaey has struck a chord with its customers.

Now, you too can dress like your favorite Korean fashion icons, such as Yoon Se-ri, Park Yeon Jin, or even the iconic Donna, without breaking the bank. Jaey is all you need to elevate your workwear game.

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New Delhi (India), August 18: Making, keeping, and growing money are three entirely different skills. You might be a pro at making money, but financial freedom will always be a distant dream if you cannot keep it and grow it.

Growing your money is not just about working harder but working smarter. And that’s where investing comes into play. It’s reliable to help you build a retirement corpus, achieve your financial goals, and even create wealth.

But with many investment options available, choosing the right one can feel overwhelming.

The choices are many, from stocks and mutual funds to FDs and real estate. Each one has its own set of benefits and risks, and what works for one might not work for another. 

Today, we will discuss one investment option that can be a game-changer when used right – Bonds.

Understanding Bonds

“We’ve always believed that bonds and maybe not stocks are the right stepping stone for most Indians—better than FD returns but lower risk than stocks.”-Nithin Kamath, CEO of Zerodha

Usually issued by corporations or governments, bonds are a type of debt investment that institutions use to raise funds for their projects. In exchange, they offer investors predictable returns until the bond’s maturity date.

Consider bonds as a loan you give to an organization, like a company or the government. Just like when you take a loan from a bank, you need to pay interest; these organizations also pay you interest for the money you lend them.

Let’s take an example. Suppose you buy a bond worth Rs. 10,000 with an interest rate (also known as a coupon rate) of 7% per year, which matures in 5 years. This means you’re lending Rs. 10,000 to the organization, and every year, you’ll receive 7% of Rs. 10,000, which is Rs. 700, as interest. After 5 years, when the bond matures, you’ll get your initial Rs. 10,000 back.

So, bonds are similar to Fixed Deposits (FDs). In FDs, you deposit a lump sum amount in a bank, earn interest, and get your principal amount back after a certain period. The difference is that with bonds, you’re lending to organizations instead of depositing money in a bank.

Types of Bonds

1. Government Bonds (State + Central)

Government Bonds are issued by the central and state governments. They are considered the safest bonds as they come straight from the government, the most reliable institution when it comes to money.

The most common examples are Dated G-secs, T-bills, and State Development Loans.

2. Corporate bonds (PSUs)

PSU Bonds are issued by Public Sector Undertakings (PSUs), companies owned by the government with at least 51% stake. PSUs issue bonds with credit ratings that indicate their default risks, with higher credit ratings indicating a relatively safer investment.

Investing in PSU bonds carries a higher risk than investing in government bonds because only some PSU bonds are guaranteed by governments. However, because the PSU is owned and supported by the government, there is an implicit government guarantee applicable to all PSU bonds.

3. Corporate Bonds (Private) 

Private corporations, like Non-Banking Financial Companies (NBFCs), are major issuers of corporate bonds. In fact, NBFCs are among the most common issuers of these bonds in the market.

They are riskier than Government and PSU bonds because they need to generate revenue and profit to be able to repay their debt obligations. As a result, the returns on these bonds are higher to compensate for the additional risk.

However, not all private company bonds are equal; some carry a higher risk because they are issued by companies that are more likely to default on their debt, whereas others are more secure and strong than others because their business models are more secure, making them less risky.

Dezerv has an impressive directory of all the corporate bonds that have been issued in India.

Who should consider investing in bonds?

If you have one of the following requirements, you can consider investing in bonds.

1. Predictable & Regular Income: If you want a steady income, consider investing in government bonds. These are low-risk investments that provide regular interest income. They suit conservative investors like retirees who need a regular income stream because they pay interest payments twice a year.

2. FD Beating Returns: If you want to earn higher returns than FDs without taking too much risk, consider investing in corporate bonds. These instruments have the potential to offer higher returns than FDs. They are suitable for moderate-risk investors looking for better returns than FDs with lower risks than stocks.

3. Portfolio Diversification: If you want to diversify your portfolio, consider investing in a mix of FDs, Bonds (Government and Corporate), Equity Mutual Funds, and Stocks. Diversification helps to spread the risk across different types of investments. It is suitable for all investors as it helps balance the portfolio’s risk and returns.

The goal is to reduce risk by diversifying investments. If one investment performs poorly, others may perform well and balance out the overall portfolio. The 60:40 portfolio is a common diversification approach, where 60% is allocated to equities and 40% to bonds. 

However, this ratio can be adjusted depending on your risk tolerance, investment horizon, and financial goals. For instance, a young investor with a high-risk tolerance might prefer a 70:30 equity-to-fixed income ratio, while a conservative investor nearing retirement might choose a 40:60 ratio.

4. Entry into Capital Market: If you are new to the capital market and want to start with a less risky option, consider investing in government bonds. Once you are comfortable with the market dynamics, consider investing in Stocks. This approach suits beginners willing to learn about the capital market and gradually increase their risk appetite.

Including bonds in your investment portfolio is essential for maintaining balance. They offer dependable income and principal protection, which can act as a stabilizing force against riskier assets. 

This approach helps minimize market fluctuations and ensures your investments align with your financial aspirations.

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New Delhi (India), August 18: “What Young People Want”, a massive survey project undertaken by PMNCH – a global alliance for the health and well-being of women, children and adolescents, hosted by the World Health Organization (WHO) – reported interim results through a public dashboard launched on the eve of UN International Youth Day 2023 on 12 August. The world’s largest survey of young people reports that 40% of more than 700,000 respondents identify education, skills and employment as pathways to future security. The project collects the voices of 1 million+ young people, informing a global “Agenda for Action for Adolescents”, launching at a global forum for adolescents in October 2023.

The survey asks young people, aged 10-24 to express, in their own words, what they want most for their own well-being, giving voice to many of those who have simply never been asked, including in fragile and low-resource settings. India constituted the largest population of respondents, comprising 17.2% of the total sample. Among 713,273 respondents between ages 10-24, the top interest expressed by young people (40.5%) is for learning, competency, education, skills and employability (40.5%), reflecting a strong interest in job stability, financial and material security and independence. This result was reflected across all age groups, particularly among those aged 15-19 (47.2%) and among adolescent girls (49.2%), who frequently cited the need for “learning opportunities” and “quality education”.

“What Young People Want has empowered us to break the silence and raise our voices for a better future,” said Saksham Parimal, a mobilizer for the 1.8 Billion Young People for Change campaign and a policy engagement Fellow at the YP Foundation in Bihar, India. “We no longer feel unheard or overlooked. This campaign has given us the platform to demand action on issues that matter to us and our community. Together, we’re forging a path towards positive change, ensuring that our health and well-being are prioritized. We are the architects of our future, and with What Young People Want, our dreams are turning into reality,” he said.

In 2022, in low- and middle-income countries, learning losses to school closures due to COVID-19 left up to 70 per cent of 10-year-olds unable to read or understand a simple text – up from 53 per cent pre-pandemic. In parallel, rising conflicts around the world have left many young people unable to engage in the job market, including as a result of low levels of education, physical and psychological conditions, and scarcity of educational and vocational training. Climate change too presents a looming challenge to economic well-being, with an estimated 60% of young people around the world currently lacking necessary skills to support the “green transition”.

PMNCH aims to obtain responses from a total of at least 1 million young people by October 2023, when it will convene the Global Forum for Adolescents – a virtual gathering and the world’s largest event to date focused on adolescent well-being, powering the 1.8 Young People for Change campaign, launched in October 2022.

“The Global Forum for Adolescents will be a key milestone for the 1.8 Billion Young People for Change campaign, bringing together youth and adolescents, advocates, global leaders and decision-makers at a pivotal moment for kickstarting policy shifts and program re-design at the country level,” said Helga Fogstad, Executive Director, PMNCH.

Real-time needs from an overlooked population

The “What Young People Want” survey is based on a simple yet powerful question: “To improve my well-being, I want …”. Young people are asked to use their own words to express their ideas, with the most frequently occurring words chosen by respondents including: ‘education’, ‘health’ ‘school’, ‘opportunity’, ‘job’ and ‘access’. The most frequent phrases chosen included ‘mental health’, ‘good health’, ‘good education’, ‘reproductive health education’, ‘learning opportunity’ and ‘job opportunity’.

Young people in low- and middle-income countries have been among the most affected of our increasingly fragile world, including pandemic disruptions to school-based education, household food insecurity and income scarcity, rising mental health concerns, the cost-of-living crisis, and the deepening impact of climate change. 

For those with the right knowledge and tools, youth leaders and influencers can be heard via social media. But for too many others, their voices remain unheard. Those with command of policy and investment tools are left uninformed and unable to access meaningful evidence. “What Young People Want” seeks to change that.

The survey uses both digital technology and face-to-face outreach through teams of trained youth mobilizers to collect responses on a very large scale. A WhatsApp-based chatbot allows smartphone users to quick and easily register their responses by scanning a QR code. Non-smartphone users with little or no technology access can register their responses through 1.8 campaign youth mobilizers active at community level in more than 20 participating countries in Africa, Asia and Latin America, including Nigeria, Uganda, Zambia, Malawi, Ghana, India, Indonesia, and others.

Once data has been entered, an algorithm rapidly assesses and classifies each response into one of five major “domains” informed by a conceptual framework on adolescent well-being developed by UN agencies with PMNCH. The framework organizes and classifies various needs of adolescents, assessed through extensive community outreach and research work, and highlights the inter-dependence of health and nutrition, education, safety and security, resilience and positive values in producing well-being.  

Key findings

Other common needs and concerns expressed by young people included “safety and a supportive environment” (cited by 21.2% overall) and “good health and optimum nutrition” (16.3%).

The youngest survey respondents had specific concerns: The need for “safety and a supportive environment” was cited by 11.0% of respondents aged 15-19, 8.4% of those aged 20-24, and 1.8% of those aged 10-14. Adolescent boys want “clean water” and “good roads”, while adolescent girls added “free sanitary pads” to the list in addition to “clean water”.

Overall, nearly half of respondents (47.2%) fell within the range of 15 to 19, comprising 25.7% girls and 21.5% boys.  Among these, the average age is 16, accounting for 13% of total respondents. The youngest group of adolescents (10 years old) was the least represented at 1.2%, while the oldest group of adolescents and youth aged 24 years, accounts for 7.3% of the respondents.

Approximately 1% of respondents identified as transmen, transwomen, gender-fluid, two-spirit, nonbinary, agender, other, or preferred not to say their gender.

More than two-thirds (68.8%) of respondents were from the African region, followed by the South-East Asia region at 27.5%, and a small minority from Latin America. Survey outreach to date has prioritized low- and middle income countries, ensuring that voices less often heard are prioritized. Future outreach will expand to high income countries.

India constituted the largest population of respondents, comprising 17.2% of the total sample. Uganda ranks as the second-largest contributing country, accounting for 12.0%, followed by Indonesia at 10.2%, and Zambia at 8.4%.  

Agenda for Action for Adolescents

Results in real-time are available through the What Young People Want Digital Dashboard,               (https://whatyoungpeoplewant.whiteribbonalliance.org/en) enabling users to analyze data and trends by topic, gender, age, and country. The dashboard available in multiple languages is an open access public tool for students, young change-makers, national policymakers and journalists seeking to understand and address youth demands at national and global levels. The dashboard’s data is directly collected from survey responses and not sourced from official country statistics or data sets.

At a global level, PMNCH will roll up the findings from the What Young People Want survey into an “Agenda for Action for Adolescents”, to be unveiled at the Global Forum for Adolescents on October 11-12, 2023.

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New Delhi (India), August 18: Small businesses are the backbone of an economy as vibrant and diverse as India. They contribute significantly to creating jobs, GDP growth, and the country’s overall development. Micro, Small, and Medium Enterprises are essential in encouraging innovation, promoting entrepreneurialism, and elevating local communities. The MSME loans sector faces many challenges in accessing credit which can hinder its growth. This blog explores how MSME loans pave the path for MSME growth in India and significantly impact the economy.

Understanding the MSME landscape:

It’s essential to understand the MSMEs landscape in India before examining the role of business loans. The micro to medium-sized enterprises are active in various industries, from manufacturing to service. Despite their essential contributions, MSMEs need help to obtain timely and adequate financing from traditional banks. This funding gap hinders their ability to expand, invest in technology, and scale operations.

Fintech is on the Rise in India

The Indian fintech industry has grown exponentially in recent years. It has transformed the way that financial services are delivered and accessed. Non-Banking Financial Companies, like FlexiLoans, have become key players in bridging credit gaps for MSMEs. These fintech NBFCs, leveraging technology and data-driven insight, are redefining lending landscapes and making credit available to small businesses that have been underserved.

MSME Loans – A catalyst for MSME growth:

It is a leading player in Indian fintech and is known for its customized financial solutions. It uses artificial intelligence and data analytics to assess the creditworthiness of businesses using parameters other than traditional credit scores. They can now extend credit to MSMEs with limited credit histories and no collateral.

Customized Loan Products to Meet Diverse Needs

MSME Loans offers various customized loan products designed to meet the needs of different MSME segments. It provides flexible financial solutions to meet diverse needs, whether a working capital or machinery loan for small retailers, an unsecured loan for service providers, or a financing solution for manufacturers.

Fast and convenient:

MSMEs need to have timely access to funds in a fast-paced environment. MSME is aware of this need and offers a digital platform that allows businesses to apply for loans quickly online. Fast processing and minimal paperwork make the lending process efficient. This will enable MSMEs to concentrate on their core business and growth strategies.

Technology-Driven Risk Management:

MSME Loans use advanced technology to manage and assess risks. They can make better lending decisions by leveraging machine learning and big data analytics. This will reduce the risk of defaulting and ensure a healthy portfolio.

Impact on employment and economic growth:

Credit available on time allows MSMEs to grow their business, invest in new technologies and create jobs. The MSME loan sector’s growth positively impacts economic growth, job creation, and overall prosperity. This is especially true in rural and semi-urban areas, where many small businesses are located.

Various NBFCs in India are pivotal in fostering MSME development and driving economic progress. It empowers small businesses by embracing flexibility, technology, and customer-centricity. This helps them have a significant impact on the economy of India. India’s economy becomes more dynamic, resilient, and inclusive as the MSME loan sector flourishes.

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New Delhi (India), August 18: Urban Womania, India’s beloved fashion destination, is thrilled to announce the launch of its highly anticipated Festive Season’s New Collection. Featuring an exquisite array of Sarees, Festive and Designer Lehengas, Suit Sets, Indo-Western ensembles, and more, this collection captures the essence of India’s rich heritage and celebrates the spirit of the festival season. 

Drawing inspiration from traditional Indian motifs and prints, the new designs exude an aura of joy and grandeur with their deep, vibrant hues and intricate interplay of golds and sequins. Urban Womania’s Festive Collection boasts an extensive variety of options, ensuring a perfect ensemble for every discerning woman.

Committed to delivering an unparalleled online shopping experience, Urban Womania guarantees exceptional quality and craftsmanship across its diverse assortment. From seamless purchase processes to secure product delivery, the brand is dedicated to ensuring customer satisfaction. What sets Urban Womania apart is its steadfast commitment to empowering small and medium-sized businesses, rural producers, handcraft artisans, and weavers, bridging them with the contemporary metropolitan market. This unique approach creates new avenues of commercial success for producers, fostering economic growth and cultural exchange.

A distinguishing feature of Urban Womania is its unwavering dedication to customer convenience. The brand proudly offers free shipping across India and extends a generous 2-day window for hassle-free returns and exchanges, a far-reaching gesture in the industry. Since its inception in April 2021 with 50 SKUs, Urban Womania has rapidly expanded its collection to encompass 2000 SKUs, with ambitious plans to introduce an additional 1000 by year’s end. Collaborating with skilled weavers and craftsmen from various corners of India, Urban Womania curates a diverse range of elaborately handcrafted creations, ensuring fair wages and safe working conditions for creators.

Speaking about the brand’s vision, Avinash Gupta, the founder of Urban Womania expressed, “We envision Urban Womania as the ultimate global destination for discerning ethnic wear enthusiasts, offering an extensive selection of Indian ethnic attire that embodies international standards and sets enduring fashion trends. Our platform showcases the finest creations from our community of designers, artisans, and manufacturers, all thoughtfully priced for our valued clientele.”

Further emphasizing the brand’s distinctive appeal, the founder added, “Urban Womania is your definitive one-stop shop for authentic and stylish ethnic wear, where you can discover an exquisite range of sarees, suit sets, lehengas, and an unparalleled assortment of fashionable Indo-Western ensembles.”

Urban Womania’s commitment to quality assurance ensures that only the finest products grace its collection. By fostering direct communication with manufacturers, the brand adeptly negotiates competitive prices, passing on unmatched affordability to its customers. A tribute to India’s revered handloom industry, Urban Womania’s extraordinary collection showcases exquisitely handcrafted designer pieces. Encompassing striking graphic elements, opulent colors, cultural richness, and timeless grandeur, Urban Womania proudly presents the enduring beauty of our shared history to a global audience.

As the festive season approaches, Urban Womania invites fashion connoisseurs, trendsetters, and enthusiasts to explore its breathtaking Festive Collection and embrace the elegance of Indian tradition and craftsmanship. Discover the allure of Urban Womania’s creations and make a statement that transcends time.

Different ranges available:

Discover an exquisite array of festive ensembles at Urban Womania, catering to a spectrum of styles and celebrations. Whether you seek suave elegance or traditional opulence, our collection is tailored for Diwali, Rakhi, Ganesh Chaturthi, Eid, Navratri, Holi, Onam, Baisakhi, Janmashtami, and beyond.

Step into the world of Lehenga Designs, ranging from bridal elegance to festive vibrancy. Explore captivating options such as Bridal Lehengas, Bridesmaid Lehengas, Festive Lehengas, and Designer Lehengas. With choices spanning Georgette, Net, Organza, Silk, and Velvet fabrics, each Lehenga tells a unique story, perfect for your cherished occasions.

Indulge in the allure of Banarasi Sarees, Jamdani Sarees, Kanjivaram Sarees, Kashmiri Jamawar Sarees, Paithani Sarees, and Patola Sarees, among others, capturing the essence of every festivity. Each Saree is a masterpiece, intricately designed and thoughtfully priced to complement your style.

Dive into our curated selection of designer suits, Shararas, Palazzos, and more, adding a contemporary twist to traditional celebrations. Embrace the festive spirit with Urban Womania’s versatile collection, designed to adorn you for those picture-perfect moments. Elevate your festive wardrobe with us and make every occasion truly remarkable.

About Urban Womania:

Urban Womania is a leading online fashion destination in India, dedicated to curating a diverse collection of ethnic wear that showcases the country’s rich cultural heritage. By collaborating with artisans, weavers, and designers, Urban Womania brings forth exquisitely handcrafted pieces that celebrate tradition and contemporary fashion.

Website: https://www.urbanwomania.com/

Instagram: https://www.instagram.com/urbanwomania/ 

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