Monday, March 30, 2020

One Life India Provides Ration Hampers to Daily Wage Warners in Association with NGO ' Yes We Can'


Daily Wage Earners are the most affected in the current situation by the lockdown because of Covid-19. 'Yes We Can' is working towards providing ration kits for daily wage earners affected by the lockdown. OneLife is preventive healthcare company aimed at improving dietary solutions segregated across nutrition, wellness and beauty supplements and vitamins.

Gaurav Aggarwal, Founder of OneLife India & actor, close friend Nandish Singh Sandhu join hands with Yes We Can, to help in their efforts to reach maximum affected people, and appeal everyone to come forth and contribute too.

About One Life Nutriscience Pvt Ltd:
With almost four decades of experience in health, wellness, and nutrition, OneLife is incepted with the vision to enhance the everyday of life in today’s busy lifestyle. After all, we have one life, live it right.

With everyday routine, stress, lifestyle and eating habits, many of our nutritional needs are unmet or deficient. With One Life supplements we ensure we cater to your daily requirements for vitamins and nutrients. A supplement for all your requirements, be it bone health, or beautiful hair and nails, daily energy or overall strength and wellness, One Life products with the authentic experience and knowledge of nutritionists and food engineers coupled with the ancient knowledge of local doctors and farmers, bring to you a variety of natural foods, supplements and herbal infusions to mitigate and enhance the quality of life.


Could Blockchain be the Serendipitous Panacea to Covid-19 Pandemic?


By Mohua Sengupta, Co-founder, Ventures

In November 2018, purely out of my keen interest in Blockchain and a little influence from my daughter’s MUN (Model United Nations) preparation in WHO committee, I had written an article, ‘Unleashing Blockchain for cross-border surveillance & reporting of Communicable Diseases.’ It was pure research at that point and seemed like a perfect use case for Blockchain. Today this COVID-19 crisis suddenly makes me wonder, that if we had a blockchain based real time reporting of Communicable Diseases, maybe we could have avoided a pandemic?

Biggest challenges for Communicable Diseases

There are two major challenges with communicable diseases.

First in today’s globalized world, communicable diseases are extremely hard to contain.  They spread like wildfire and moves across political and geographical boundaries at ease, infecting people across countries.
Secondly, there is a huge social stigma around Communicable Diseases even today.  Man by nature is a social animal and the idea of being separated from fellow human beings is scary to all.  So there is a tendency to hide. This tendency is further aggravated by the fact that most people do not respect privacy.  Maintaining privacy in case of sharing information about communicable diseases is of utmost importance.


How did COVID 19 start, spread and then become a pandemic?

While there are various opinions about this matter and many conspiracy theories are floating around, lets for now just consider the proven cause.  The disease started from the wet markets of Wuhan, China, where live and dead animals and birds are sold daily.  The virus most likely has originated from Bats, but since bats are not sold in that market, the scientists think that the bat must have bitten a bird or animal that got sold in the Wuhan wet market. 

This much we have seen many a times when any new disease hit us.  But then what’s different with this?  How has this virus brought the world to a standstill?  We have seen it’s more dangerous cousins, MARS, SARS etc., but they didn’t bring the world to a standstill.  Then why Covid 19?  The difference is that it’s very highly contagious, much more than its close cousins.  So when one person got infected, he started infecting many in a day and each one of them infected that many and very soon there were thousands of people in Wuhan who were infected.  Since the symptoms are typically like simple flu, people continued to travel and China missed sending the warning to the rest of the world and did not restrict travel to and fro.  So, international travelers kept on coming to China and vice versa.  More than a month went by before the world woke up to realize that this is a serious threat and by then the disease has already spread to many countries like Italy, Spain, UK, US, Iran and a few others too.

And then while the news of Wuhan epidemic as well as the challenges in the other countries came out, travel was not restricted.  It took a couple of more weeks for the travel restrictions to start and by then the virus has travelled to 20 odd countries.  Now the world really wakes up and every country starts taking measures to do lockdown by restricting travel and also taking various other measures to reduce spreading of the virus within the country.  But by then it’s a pandemic!  The entire world gets introduced to a very different challenge, business suffers, stock market tanks across the world, many people lose their jobs, not to speak of the enormous loss of life and pressure on the healthcare system of all affected countries.

Could Blockchain have helped the situation?

As we all know, with Blockchain we can share any transaction / information, real time, between relevant parties present as nodes in the chain, in a secure and immutable fashion.  In this case, had there been a blockchain where WHO, Health Ministry of each country and may be even relevant nodal hospitals of each country, were connected, sharing real time information, about any new communicable disease, then the world might have woken up much earlier.   We might have seen travel restrictions given sooner, quarantining policies set sooner and social distancing implemented faster.  And may be fewer countries would have got impacted. 

What every country is doing now fighting this pandemic, would have been restricted to fewer countries and in a much smaller scale.  The usage of a Blockchain to share the information early on, might have saved the world a lot of pain.

Why Blockchain?

The top five advantages of Blockchain technology are:

Greater transparency
Enhanced security
Improved traceability
Increased efficiency and speed
Reduced cost

Aren’t they all supremely important for reporting cross-border Communicable Disease cases?

The world had not seen anything like this Covid 19 pandemic before.  Today we need to take a hard look at the reporting infrastructure available for communicable diseases, both technology and regulations and improve upon that, such that we do not need to face another pandemic like this in the future.

But of course Blockchain, in this case, like any technology is not a solution, it’s just an enabler.  An enabler that would ensure the security and efficiency needed for sharing something so sensitive. Finally it would depend on the goodwill of people and governments.

Wish we come out of this crisis soon and as unscathed as possible!

Ministry of Skill Development and Entrepreneurship readies all NSTIs to be used as quarantine centres in preparedness of COVID-19


MSDE will Provide a List of Around 1 Lakh Skilled Professional Along with List of 2000 Health Care Trainers

As a part of the Government’s preparedness to fight the spread of the Novel Coronavirus (COVID-19), the Ministry of Skill Development and Entrepreneurship (MSDE) has decided to make available  all National Skill Training Institutes (NSTIs) and their hostels across the country for conversion into quarantine/ isolation facilities. The decision was taken by the Ministry to align its efforts with the Centre in preparedness for the pandemic that has caused tens of thousands of deaths globally. India has so far managed to control the spread of the infection and a nationwide lockdown was implemented last week to encourage social distancing among people.

MSDE has also provided the Ministry of Health and Family Welfare a list of around one lakh personnel who have been trained in healthcare skills through various programmes under the Skill India Mission. Trained in various job roles, these candidates will boost the efforts to contain the spread and treatment and care of infected people in the new quarantine/ isolation/ hospital facilities being set up.

In addition, a list of 2000 health care trainers and more than 500 health care assessors have also been shared with MoHFW.

Further, the personnel of the Ministry has also decided to contribute at least minimum one day salary to the PM CARES fund to aid the Government’s efforts to fight the corona virus pandemic.

Dr. Mahendra Nath Pandey, Union Minister of Skill Development and Entrepreneurship said the addition of NSTIs will help district and state administrations in treating those infected by the virus by providing an alternative for hospitals and health centres. “In view of the global emergency caused by the unprecedented spread of the Novel Coronavirus, the Skill Development Ministry will provide every possible support to the Central Government in fighting this pandemic. We have requested all Regional Directors of NSTIs to fully cooperate with State Government authorities to help them meet the requirement of facilities as and when it arises.In addition, the State Governments can also use the premises of ITIs for the same .”

Run by the Directorate General of Training (DGT), Ministry of Skill Development and Entrepreneurship, National Skill Training Institutes (NSTIs) are premier institutes that provides training in specialised skills across its spread of training centers and hostels in the country. The nearly one lakh candidates who will aid in emergency and isolation work in the battle against COVID-19 have been trained in various job roles. 

cult.fit Launches #MovementForMovement Challenge to Donate to PM CARES Across India

For every person taking the challenge and completing 12 days of online workout, cure.fit will contribute ₹ 100 to the Prime Ministers COVID Relief Fund

With all movement and activity completely ceased under this lockdown due to the Coronavirus outbreak, more Indians now stand a risk of developing issues that stem from not moving enough or exercising enough. This may lead to a rise in illnesses due to sedentary lifestyles that may, in turn, put unwanted pressure on the health care system in these unprecedented times. To raise awareness of this issue and make India move- starting from Friday 27th March, cult.fit launched the #MovementForMovement campaign. Under this challenge, a user has to first accept the challenge via cult.live and work out for any 12 days between 27th March-15th April, 2020 . For every challenge completion - a contribution of ₹ 100 will be made to PM CARES Fund by cure.fit to help COVID191 relief efforts.

What is cult.live?

cult.live is a group fitness class led by star Cult trainers, that lets you experience the energy from the comfort of your home and work out with thousands of others. It is FREE for anyone to join from anywhere on the cure.fit app. Currently, these LIVE classes are being  offered across fitness formats like strength, HRX, dance fitness and yoga on all seven days of the week. These classes are safe for all types of users whether beginner, intermediate or advanced and allows the user to track real-time performance data and even challenge family and friends.

Use these free cult live online classes for 12 days on the cure.fit app and complete the #MovementForMovement challenge to make your contribution.

Automotive OEMs and Car Dealers Must Improve Online Sales Models to Mitigate a Corona Virus-Related Sales Slump


To mitigate a likely slump in car sales and to ensure employee and customer safety during the coronavirus pandemic, automotive original equipment manufacturers (OEMs) and car dealerships must transition to simple, end-to-end online selling and services, according to Gartner, Inc.

COVID-19 containment measures are forcing the closure of car showrooms in many countries, and this is also increasing the requirement for a full and effective online purchase process. “Currently, most OEMs and car dealerships in major markets including the U.S., China, Germany and the U.K. don’t offer a real end-to-end online sales channel that optimizes the purchase process,” said Pedro Pacheco, senior research director at Gartner. “OEMs and car dealerships must set up direct sales platforms on which users can buy a car in just three clicks and have it delivered to their home. This model should be used for both car configuration and inventory.”

Gartner recommends investing in augmented- and virtual-reality technologies to give online shoppers a more comprehensive experience when specifying car requirements. Additionally, investing in an advanced artificial-intelligence-powered chatbot could assist by answering a broad range of questions from customers. OEMs and car dealerships should also ensure complete price transparency to avoid pricing issues and lengthy negotiations, which frustrate buyers.

Although many consumers will be hesitant about purchasing a car in the present circumstances, OEMs and car dealerships still need to offer more flexibility. “OEMs and dealerships could consider a digital platform that offers a usage-based subscription model which enables the consumer to choose a car, with the freedom to exit the contract at very short notice,” said Mr. Pacheco.

In addition, OEMs and car dealerships need to consider enhancing their after-sales strategy. They should create an online hub where users can purchase parts, set up maintenance appointments and find all the information on “contactless” after-sales services. With these options, customers will have no physical contact with any other person, and these services can cover service booking, vehicle collection and drop-off, roadside assistance and online payment. This is a model that car dealerships and repair shops can also adopt to continue serving customers in the future.

“Speed of change is crucial for OEMs and car dealerships’ survival in times of confinement and insecurity,” said Mr. Pacheco. “Given factory and showroom closures, it is essential that car makers draw up a strong online order book to ensure that, once factories and showrooms reopen, they can quickly rebound financially."

Gartner clients can learn more in the report “COVID-19: Technology Can Mitigate Car Sales Slump.”

Additional analysis on the actions CIOs and IT leaders should take to remain resilient during coronavirus business disruptions is available in the Gartner webinar “Pandemic Preparedness Requires Strong Business Continuity Management.”

Learn more about how to lead organizations through the disruption of coronavirus in the Gartner coronavirus resource center, a collection of complimentary Gartner research and webinars to help organizations respond, manage and prepare for the rapid spread and global impact of COVID-19.

Saturday, March 28, 2020

Punjab National Bank MD & CEO Mallikarjuna Rao Reaction to Measures Announced by RBI


"Today RBI's decision has been very bold in terms of addressing current challenges faced by the economy. All the measures taken, whether Repo rate reduction, CRR cut, TLTRO, moratorium on repayments, infusion of liquidity, etc have been unprecedented and in right context.

The 3 month moratorium on all term loan installments along with deferment of interest on working capital will help mitigate the debt servicing burden due to covid 19 disruption and prevent transmission of financial stress among  various sectors of the economy.

Total liquidity injection of RS 3.74 lakh crore through TLTRO, CRR & MSF will address the liquidity stress in view of highly volatile financial markets. Considering the potential stress, the last tranche of 0.625 percent of CCB has also been deferred to Sept' 30 2020.

However challenges remain in terms of transmitting these measures to customers amid social distancing. Effective digital and electronic delivery to the last mile will remain the key issue."

Attached is the image of MD & CEO Of Punjab National Bank- Sh CH. S. S. Mallikarjuna Rao for your reference.  Request you to kindly use the same in your esteemed publication.

FGII Introduces An Exclusive Coronavirus Group Insurance Product in Indian Market


Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between retail giant Future Group and global insurer Generali, announced the launch of an exclusive Coronavirus group insurance product.The policy will provide a lump sum benefit in case the insured is diagnosed or quarantined for a suspected sign and symptoms/or infection of COVID-19. Amid the contagious pandemic, the product offers cover for everyone from an infant who is 1 day old to a senior citizen upto 75 years of age.

It is afiled group health insurance product as defined by IRDAI guidelines.

Dr.Shreeraj Deshpande, Chief Operating Officer, Future Generali India Insurance said, “It is very important for all of us to come together and protect the citizens against this virus infection. We have designed our corona virus group insurance product in such a way that it will offer maximum help to the affected. If the policyholder is diagnosed with COVID-19 infection and is confirmed by a medical practitioner along with government/ a WHO-approved lab then a lump sum benefit of 100% of Sum Insured would be paid. To provide maximum benefit to our customers, no past medical history or travel record is required while purchasing our product.”

A lump sum benefit of 50% of sum insured will be paid, if the policyholder is required to be quarantined at a Government/Government approved hospital for at least 14 days for a suspected COVID-19 infection. An additional benefit of 10% of the sum insured will be paid to quarantined persons towards incidental expenses.

About Future Generali India Insurance Company Limited

Future Generali India Insurance Company Limited is a joint venture between Future Group – the game changers in Retail Trade in India and Generali – a 189 years old global insurance group featuring among the world’s 60 largest companies*. The Company was incorporated in September 2007 with the objective of providing retail, commercial, personal and rural insurance solutions to individuals and corporates to help them manage and mitigate risks.

Future Generali India has been aptly benefitting from the global Insurance expertise in diverse classes of products of Generali Group and the Indian retail game-changer Future Group. Having firmly established its credentials in this segment and effectively leveraging on the skill set of both its JV partners, Future Generali India has evolved to become a Total Insurance Solutions Company.

*As per Fortune Global 500 Ranking (2017)

*Future Generali India Insurance is certified ‘Great Place to Work’ (December 2019-November 2020)

About Generali Group

Generali is an independent, Italian insurance Group, with a strong international presence. Established in 1831, it is one of the largest global insurance providers present in over 60 countries with total premium income exceeding €68 billion in 2017. With nearly 71,000 employees in the world and 57 million customers, the Group has a leading position in Western Europe and an increasingly significant presence in Central and Eastern Europe as wellas in Asia.

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