Success in my Habit

Thursday, August 6, 2020

BYJU's acquires code training app WhiteHat Jr for US$ 300 million

BYJU’s, an online education platform, has acquired Mumbai-based education technology (edtech) start-up WhiteHat Jr in an all-cash deal worth US$ 300 million. This marks BYJU’s entry into the fast-growing computer code training segment targeted at high school and college students.

It is company’s fifth and largest acquisition to date. Osmo, a maker of educational games, was last acquired by it for US$ 120 million in its first-ever purchase of a US company in January 2019.

WhiteHat Jr. is a coding platform that was founded in November 2018. It aims to provide students with computer coding skills and targets pupils from classes 9-12. It helps kids aged 6 to 14 years build commercial-ready games, animations, and apps online using the fundamentals of coding. The company offers four levels of courses including beginner, intermediate, advanced, and professional.

Recently, WhiteHat Jr had announced their plans to expand to other global markets like Canada, UK, Australia, and New Zealand and already has a presence in the US market since February 2020.

This acquisition will help BYJU’s expand its portfolio and increase the course offerings on the platform for school students in India. It has plans to make further investment into WhiteHat Jr’s technology platform, product innovation while expanding the teacher base to cater to demand from new markets, according to a company statement.

“Technology is at the centre of every human interaction today and we had set out to create a coding curriculum that was being delivered live and connected students and teachers like never before. Integration with a visionary company such as BYJU’S will help take this idea to new heights and help unleash the remarkable creative potential of kids at a global scale," Mr Karan Bajaj, founder, WhiteHat Jr.

“Empowering children with the right future skills has always been part of our vision at BYJU’S and coding fits well into this. WhiteHat Jr’s coding product capabilities, combined with our pedagogy, expertise and scale, will help expand our learning offerings for school students," added Mr Byju Raveendran, chief executive, BYJU’s.

Goa joins MyGov Citizen Engagement Platform; 12 states had already launched their MyGov Platforms

Dr Pramod Sawant, Chief Minister of Goa, launched the MyGov Goa portal, on 4th August 2020 in an online event making Goa join the MyGov Citizen Engagement Platform for enabling participative governance. “MyGov Goa portal will go a long way in strengthening public participation in the governance process and allow the state to connect to nationwide audience allowing citizens to participate in different forums and give their view/inputs on government policies/schemes,” he said at the launch.

MyGov (mygov.in), the Government of India’s citizen engagement and crowdsourcing platform, aims to promote active citizen participation in governance and policymaking. Since its launch on 26th July 2014, MyGov has adopted multiple engagement methodologies like discussions, tasks, innovation challenges, polls, surveys, blogs, talks, quizzes and on-ground activities by innovatively using internet, mobile apps, IVRS, SMS and outbound dialling (OBD) technologies. MyGov user base has expanded to more than 1.25 crore and millions of citizens engage with MyGov on its social media platforms like Instagram, Facebook, YouTube, LinkedIn, and Twitter. MyGov has also recently launched its channels on new age Apps like Share chat and Roposo. MyGov’s Helpdesk on WhatsApp and Newsdesk on Telegram has greatly augmented Govts communications on COVID-19.

In order to engage with citizens at the State level, MyGov has enabled state instances to crowdsource ideas and creative content for state specific initiatives in a Software-as-a-Service (SaaS) mode. 12 states had already launched their MyGov platforms State Instance, namely, Maharashtra, Haryana, Madhya Pradesh, Assam, Arunachal Pradesh, Manipur, Tripura, Chhattisgarh, Jharkhand, Nagaland, Himachal Pradesh, and Uttarakhand. With consistent efforts of MyGov Team and respective state government’s support, the initiative has been a great success and is able to efficiently achieve its objective.

Smt Jennifer Monserrate, Minister of Information Technology, Government of Goa, expressed her views on MyGov Goa and stated that MyGov Goa portal will encourage people of the state to share their thoughts, ideas and suggestions with the Government in areas related to various policies, programs, schemes etc.

Shri Abhishek Singh, CEO MyGov India, spoke about how MyGov had become a preferred platform for promoting active participation of citizens in Governance and development.

Citizens may enrol on www.goa.mygov.in and share opinions, ideas, and suggestions with the Government.

Equipment-free, a simple paper-strip based naked-eye fluoride ion detection and quantification kit in drinking water to evade Fluorosis-based disorders

Fluorosis is a crippling disease resulting from deposition of fluorides in the hard and soft tissues of body due to excess intake of fluoride through drinking water/food products/industrial pollutants over a long period. It results in dental fluorosis, skeletal fluorosis, and non-skeletal fluorosis. Easy detection of fluorides in water can help preventing the public health hazards.

Scientists from the Institute of Nano Science and Technology (INST), an autonomous institute of the Department of Science and Technology, Government of India, have developed an equipment-free fluoride ion detection and quantification in drinking water with the naked-eye. It can be operated by non-experts for household use to evade Fluorosis-based disorders.

The technology developed by Dr Jayamurugan Govindasamy and his team involves a push-pull chromophore based on 2,3-disubstituted 1,1,4,4-tetracyano-1,3-butadienes (TCBDs) that changes colour upon exposure to fluoride ion. The identified chromophore (C3-phenyl, C2-urea functionalized TCBD) is the result of a systematic study seeded by the Early Career Research (ECR) Award and further supported by the Ramanujan Fellowship grant of DST received by Dr Govindasamy. The results were recently published in the Journal of Organic Chemistry. The researchers designed urea as an unusual donating moiety instead of traditional donor moieties, such as amines, to obtain better optoelectronic properties. The charge-transfer (CT) property that arises through-bond in aniline donor is usually quenched due to photoinduced electron transfer (PET) mechanism. Whereas upon introducing urea as an electron donor, the CT exhibited both spaces as well as through bond due to “Field-effect”. Thus, partial overcoming of PET process, which led to white light emission.

Later, they extended its applicability in sensing of biologically relevant fluoride, as it is well known that fluoride can bind with urea via H-bonding interaction. Thus, the combination of the push-pull chromophore with urea turned out to be an ideal system for the same. The INST scientists have optimized the synthesis of this chromophore in the laboratory scale

Furthermore, the design and synthesis can be slightly modulated to increase the sensitivity from 3 ppm to less than 1 ppm. Currently, the INST team is working in this direction. The major cost involves only the synthesis of the chromophore, making it affordable and accessible.

Currently available, commercial kits for F– detection need analytical methods, mainly spectrometers (mobile or static). Some colorimetric detection kits are available, but they have some handling issues like work only with pH<1 (use of HCl), etc. The kit developed by the INST scientists’ scores above these in its ease of usage.

Although a vast number of reports are available for chromogenic and chromo-fluorogenic receptors in solution, only a limited number of reports which studied solid-phase detection. However, all those receptors suffer some drawbacks such as they generally exhibit color change only in organic medium and inorganic fluoride source, competing for affinity towards other anions such as acetate and phosphate, with a relatively high minimum detection limit of 10–30 ppm, work only with concentrated HCl, use of metals, delayed response, etc. while some works only with UV-lamp and chemically treated paper.

The non-planar push-pull chromophores sense fluoride ion with the naked eye in both solutions- as well as solid-phases.

The invention has been protected by filing the patent (202011028595). This work was supported by DST-SERB through the Early Career Research Award and Ramanujan Fellowship to Dr Jayamurugan Govindasamy.

Several companies sell solution-based photometric as well as colorimetric sensor kit, including few Indian companies. However, there is no single product based on low-cost paper-strip available to bring down the cost of the kit as well as easy handling by layman.

Currently, one German company sells a paper-strip test kit for detection of HF with sensitivity of upto 20 ppm that too works only with hydrochloric acid (pH<1). This kit developed by INST can be used by non-expert, with high sensitivity up to 3 ppm in aqueous/DMSO 1:1 condition and with only DMSO upto 1 ppm and free of dangerous chemicals and equipment.

Pradhan Mantri Garib Kalyan Anna Yojana Phase-I: April 2020 to June 2020; States/UTs distributed 93.5 per cent of allocated food grains for the period April-June 2020 among NFSA beneficiaries: Food Corporation of India

As per reports available from Food Corporation of India, all States/UTs combined have lifted about 118 LMT (99 per cent) of three-month food grains from FCI depots/central pool for distribution of additional free of cost food grains among NFSA beneficiaries. Further, all States/UTs combined have reported a distribution of over 111.52 LMT (93.5 per cent) of allocated food grains for the period April-June 2020. According to FCI, 37.5 LMT (94 per cent) food grains distributed in the months of April and May 2020 covering about 75 crore beneficiaries in each month and 36.54 LMT (92 per cent) food grains in the month of June covering about 73 crore beneficiaries.

Earlier, in March 2020, pursuant to the announcement of Pradhan Mantri Garib Kalyan Package (PMGKP) to ameliorate the hardships faced by the poor and needy due to economic disruptions caused by the COVID-19 outbreak in the country, the Department of Food & Public Distribution had started the implementation of “Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY)” for a period of three months i.e. April, May and June 2020, so that the poor and vulnerable beneficiaries under NFSA do not suffer on account of the non-availability of foodgrains during the unprecedented time of crisis.

Under this special scheme, about 81 Crore NFSA beneficiaries covered under both categories of NFSA, namely Antyodaya Anna Yojana (AAY) and Priority Householders (PHH), are being provided with an additional quota of free-of-cost foodgrains (Rice/Wheat) at a scale of 5 Kg per person per month, over and above their regular monthly entitlements.

Accordingly, on 30th March 2020, the Department of Food & Public Distribution had conveyed State/UT-wise total allocation of about 121 Lakh MT of foodgrains (about 40 LMT per month) to all States/UTs and FCI for distribution to all NFSA beneficiaries during the period of three months April-June’ 2020 i.e. Phase-I of the scheme.

17 crore man-days employment provided and Rs 13,240 crore paid to migrant labourers under Garib Kalyan Rojgar Abhiyaan in 6 weeks

The Garib Kalyan Rojgar Abhiyaan (GKRA), launched to boost employment and livelihood opportunities for migrant workers returning to villages and similarly affected citizens in rural areas, in the wake of COVID-19 outbreak, is now empowering villagers with livelihood opportunities in 116 districts of six states. The Garib Kalyan Rojgar Abhiyaan is acting on mission mode to provide employment to migrant workers who have returned to their native villages of these 6 states namely Bihar, Jharkhand, Madhya Pradesh, Odisha, Rajasthan, and Uttar Pradesh.

By the sixth week itself, a total of about 17 crore man-days employment has been provided and Rs 13,240 crore (US$ 1.88 billion) has been spent so far in the of pursuit of objectives of the Abhiyaan. A large number of structures have been created under GKRA so far including 62,532 water conservation structures, 1.74 lakh rural houses, 14,872 cattle shed, 8,963 form ponds, 2,222 Community Sanitary Complex, 5,909 works have been taken up through District Mineral Funds, 564 Gram Panchayat have been provided internet connectivity, 16,124 candidates have been provided skill training through Krishi Vigyan Kendras (KVKs) during the Abhiyaan.

The Abhiyaan’s success so far is due to convergent efforts of 12 Ministries/ Departments and State Governments, which are giving higher quantum of benefits to the migrant workers and rural communities. The stage is set for longer term action for a long-term initiative for jobs and livelihoods for those who chose to stay back in villages.

Wednesday, August 5, 2020

Kodak TV to invest Rs 500 crore to set up plant in Hapur

Kodak TV India plans to invest over Rs 500 crore (US$ 70.93 million) in the next three years to set up a fully automated television manufacturing plant in Hapur, Uttar Pradesh.

Super Plastronics Pvt Ltd (SPPL), the brand licensee in India for Kodak TV, said the first phase of the plant would be operational by the end of 2021. This move is expected to help the company increase the local value addition and disrupt the affordable smart TV market in India, it added.

It intends to use this manufacturing plant for developing and testing Android TV products within India and reduce dependency on imports from other countries, SPPL said in a statement.

The company further added, “It will make an investment of more than Rs 500 crore (US$ 70.93 million) over the next three years in a fully automated TV manufacturing plant in Hapur, UP to provide a thrust to its Make in India commitment and leverage its Android certification."

"With this investment, we are planning to increase our manufacturing capacity to one million units in the new unit. All our future projects will be developed and tested in India in partnership with Google. With this new plant we will generate more than 2000 jobs," SSPL founder and CEO Mr Avneet Singh Marwah said.

The local value addition in TV manufacturing will go up to 50-60 per cent, he added.

"Currently, the Indian TV industry imports most of the raw materials and has a value addition of only 10-12 per cent. However, with this investment and Partnership with Google.... Kodak TV aims to increase value addition to 50-60 per cent," said Mr Marwah.

He added that the new plant and R&D centre will help manufacture technology-driven products and introduce more manufacturing lines aligned to Make in India.

"The certified Android TV manufacturing plant with complete backward integration and R&D centre will be operational by 2021.

"With a capacity to produce a million TV sets annually, the new facility will be equipped with two fully automated, AI-enabled manufacturing lines to facilitate near-contactless production," the company said.

SPPL is also a brand licensee for French electronics brand Thomson.

In June 2020, the company had announced its plan to invest Rs 1,000 crore (US$ 141.86 million) over the next five years to expand its manufacturing capacity and strengthen its presence in the consumer electronics and appliances segment.

Currently, SPPL has three manufacturing plants, located in Noida, Una, and Jammu.

Wiserfunding enters Indian market, to provide lending solutions for SME sector

Wiserfunding, the UK-based fintech firm, entered Indian market, and will tie-up with banks and NBFCs to provide credit risk assessment solutions for targeted lending to SME sector.

It introduced its Artificial Intelligence (AI) backed cloud-based credit risk assessment tool targeted for small and medium enterprises (SMEs), as existing models in lending sector are not specific to the SMEs, largely non-technology based and have low prediction accuracy, it added.

"The London headquartered fintech aims to invest USD 3–5 million (about ₹37 crore) over the next three years to tailor credit risk models specifically towards Indian SMEs to reach an accuracy level above 80 per cent," Wiserfunding said.

It added, "The company plans to partner with 3-4 banks and 8-10 NBFCs in India and cover 8.5 million Indian SMEs through its models by end of the financial year".

It is expected that the investment will also be towards creating technology to connect to various public and private databases to source all inputs to fully automate its models as it already does in Europe.

Professor Edward Altman, one of the pioneers of credit risk analytics since the late 1960s and the inventor of the famous Z-score is the co-founder and supporter of the fintech firm.

Wiserfunding is using a new SME Z-score that is based on AI and provide accurate, reliable, and unbiased credit risk assessment tools to assess the credit quality of SMEs using financial history.

Publicly available structured and unstructured data such as corporate governance, management experience and macroeconomic indicators for lending assessment are also used by the firm, the statement said.

According to the firm, its model is unique as it provides geographical and sectoral segmentation to maximise prediction power and is tailored specifically for SMEs.

"Typical to any economic shock, bank lending is expected to reduce for SMEs, making it more difficult for them to survive. It will be important to have a reliable and accurate assessment of businesses' viability, and technology will be central to such analysis," said Mr Altman.

He added that the Indian banks and financial institutions will see a considerable benefit in using a more independent and unbiased risk assessment platform with the entry of AI-powered models.

“Wiserfunding aims to target bank and non-bank lenders, investors, funds, insurance companies and SMEs”, said Ms Avantika Goel, its India country head.

The statement added that the company has been operating globally across 38 countries and its solution has been adopted by more than 40 bank and non-bank lenders and investors across the world.

Union Minister of State for Tourism Shri Prahlad Singh Patel virtually inaugurates world class 'Thenzawl Golf Resort' project implemented in Mizoram under the Swadesh Darshan Scheme

Union Minister of State for Culture and Tourism (Independent charge) Shri Prahlad Singh Patel virtually inaugurated the “Thenzawl Golf Resort” Project implemented under the Swadesh Darshan Scheme of Ministry of Tourism, Government of India in the presence of Tourism Minister of Mizoram Mr Robert Romawia Royte and Commissioner and Secretary for Tourism Department of Government of Mizoram Ms Esther Lal Ruatkimi in New Delhi today.

The Project was sanctioned under the Integrated Development of New Eco Tourism under Swadesh Darshan- North East Circuit at Thenzawl and South Zone, District Serchhip and Reiek, Mizoram with a sanctioned amount of Rs 92.25 crore (US$ 13.09 million) out of which an amount of Rs 64.48 crore (US$ 9.15 million) was sanctioned for various components at Thenzawl including the Golf Course.

Golf tourism in India particularly, has a strong potential since the climatic condition is more favourable here as compared to most countries. The picturesque landscapes of the country and exceptional hospitality services too, add to the enhanced experience of golf tourism in India. Today India boasts of more than 230 golf courses in all. The Ministry of Tourism, Government of India endeavours to work as a catalyst and active supporter for the development of Golf Tourism in the country. India has several golf courses of international standards and golf events held in India also attract domestic and international tourists. To tap the growing interest in golf tourism, the Ministry of Tourism is creating a comprehensive and coordinated framework for promoting golf tourism in India as a niche tourism product for attracting both International and domestic tourists.

The Golf Course at Thenzawl is designed by Graham Cooke and Associates, one of the top-ranked Canada based Golf Course architectural firm. The total site area is 105 acres and the play area is 75 acres - 18 Hole Golf Course with Sharing Fairway and automated sprinkler irrigation system by Rain Bird, USA. It is designed to have facilities of international standards. There are 30 Eco-Log Huts, Cafeteria, Open Air Food Court, Reception area and Waiting Lounge etc, all constructed with Siberian Pinewood and fully furnished with world class furniture and fixtures.

The competitive advantage of Thenzawl Golf Course is that it will provide quality golfing experience and international facilities at a fair price.

Union Minister of Agriculture & Farmers' Welfare Shri Narendra Singh Tomar launches the Sahakar Cooptube NCDC Channel

Union Minister of Agriculture & Farmers’ Welfare Shri Narendra Singh Tomar today launched the Sahakar Cooptube NCDC Channel, a new initiative by National Cooperative Development Corporation (NCDC). Speaking on the occasion, Shri Narendra Singh Tomar said that the Ministry of Agriculture and Farmers’ Welfare is in the forefront of operationalizing different aspects of Atma Nirbhar Bharat call given by Prime Minister Shri Narendra Modi. Cooperatives have a major role in the country in realizing the Prime Minister’s dreams. Shri Tomar also launched guidance videos produced by NCDC on ‘Formation and Registration of a Cooperative’ for eighteen different states in Hindi and regional languages.

Shri Tomar said that the Union Government under Atma Nirbhar Bharat has recently announced a series of transformative measures and sector specific financial packages to help agriculture. The initiatives are steps towards One Nation One Market with the objective for India to become food factory of the world. The gamut of exhaustive reforms and measures are intended to strengthen all activities and services in agriculture, horticulture and allied sectors through creation and development of agriculture infrastructure, micro food enterprises, value chains and logistics for fishery and animal husbandry, medicinal and herbal plants, bee keeping and Operation Green. Significant legislative amendments have been made to create conducive environment for agriculture.

Appreciating the efforts of NCDC, the Minister said that a key strategy in the ecosystem is to facilitate involvement of youth in cooperatives. Formation of new cooperatives is a prerequisite for bringing new life and dedication in the realm of cooperative movement. The guidance videos in different languages covering 18 States would also strengthen and deepen the major initiatives of our Government to promote and form 10,000 FPOs. NCDC has a major role in formation of FPOs in cooperative mode. More states would be added to the collection of guidance videos on NCDC Sahakar Cooptube Channel in due course of time.

NCDC as an apex level statutory institution under the Ministry of Agriculture & Farmers’ Welfare has achieved tremendous success with cumulative financial assistance to cooperatives to the tune of Rs 1,54,000 crore (US$ 21.85 billion). Beginning with meagre disbursement of Rs 2.36 crore (US$ 0.33 million) in 1963, NCDC disbursed around Rs 28,000 crore (US$ 3.97 billion) during 2019-20. NCDC has made an unprecedented progress in the last six years. It has achieved 83 per cent of the cumulative financial assistance calculated since 1963, during these last six years alone.

Cooperatives in India have come a long way and have proven their success in improving the condition of farmers and economic development. Largely as association of small and marginal farmers and rural poor, the cooperatives have acquired a huge network of over 8.50 lakh organizations and 290 million members. They have substantially contributed in raising the income of their members and achieving rural prosperity. Cooperatives lend strength to farmers to minimize risks in agriculture and allied sector and act as a shield against exploitation.

Top 8 Indian cities to add 10 million sq ft data centre space in next 2-3 years: Report

According to an ANAROCK Property Consultants report, it is expected that top 8 Indian cities will add around 10 million sq ft data center space in the next 2-3 years aided by data localization norms and the massive digital push initiated by the COVID-19 pandemic.

At present, data centres in India’s top 8 cities occupy 7.5 million sq ft space and the key cities leading demand for data centres include Mumbai, Chennai, Bengaluru, and Hyderabad, among others. It is expected that the demand will increase post pandemic for this segment fetching annual rental yield of 10-14 per cent.

“The pandemic has been a massive catalyst for digital adoption across the spectrum. Work-from-home (WFH) compulsions, online education, video-based medical consultations, a huge increase in e-commerce and business-related video conferencing and webinars are increasing the demand for data centres,” said Mr Shobhit Agarwal, Managing Director and CEO, ANAROCK Capital.

“Immediately after India went into a lockdown mode due to COVID-19, there was a 25-35 per cent increase in data centre capacity usage as companies began to overhaul their digital infrastructure to deal with the new work environment. Furthermore, the government’s move to make data localization mandatory ensures a promising future for data centres in the country,” Mr Agarwal said.

Investment plans for building data centres in India over the next decade and more are introduced by the leading corporate entities like Adani Group, Hiranandani Group and Salarpuria Sattva.

According to the industry estimates, the data centre outsourcing market in India is worth more than US$ 2 billion and is projected to grow at 25 per cent CAGR to reach US$ 5 billion by FY2023-24. In fact, data centres are emerging as an alternative real estate asset class with huge potential, and leading real estate developers are zeroing in on this opportunity to reap superior returns from early investments