Punjab National Bank on Thursday announced an alliance with IIT Kanpur and the Foundation for Innovation & Research in Science & Technology (FIRST) for establishing an innovation centre at the institute s campus. Under this partnership, PNB and IIT Kanpur will set up a Fintech Innovation Centre (FIC) as a vehicle to research and develop technological solutions to address challenges and explore opportunities in the BFSI space, the bank said in a statement. PNB intends to create new products or solutions with technological innovations by creating a FIC involving IITK s experienced faculty members with the help of FIRST, it said. The collaboration of technical prowess from IIT Kanpur and financial expertise of PNB make it an apt Fin-Tech partnership that will help build innovations and entrepreneurial excellence, it said, adding, the FIC will be supported by a holistic ecosystem of financial institutions, academia, VC funds, technology companies and key government organisation
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The government’s initial push under “Make in India” to attract manufacturing to India did not succeed as hoped. Perhaps that is one reason, alongside a more general scepticism about trade that has caused the rash of recent 1970s-style industrial policy announcements, from “champion sectors” to “production-linked incentives”. In this context, our
lead editorialargues that if the government really wishes to improve investment in manufacturing, it needs to ensure that the regulatory and tax climate is such that investors are more comfortable.
Direct subsidies and picking winners helps nobody but bureaucrats and vested interests India has several decades of experience to prove this.
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Collective releases list of rogue lending apps available on Google PlayStore
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Collective releases list of rogue lending apps available on Google PlayStore
Anam Ajmal / TNN / Updated: Dec 29, 2020, 17:23 IST
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(Representative image)
NEW DELHI: A citizen collective, engaged in raising awareness around digital payments, has released a list of 426 lending apps, many of them rogue, available on Google PlayStore. The rogue apps, researchers say, indulge in abusive lending practices” and seek wide-ranging intrusive permissions from users. TOI has sent a detailed questionnaire to Google about the list but the technology giant had not responded till the filing of this report.