Narayan ‘Naru’ Ramamoorthy, Chief Revenue Officer, Global PayEX

Narayan ‘Naru’ Ramamoorthy, Chief Revenue Officer, Global PayEX.

“At the outset, it is laudable that the Union Budget 2021-22 lays an increased emphasis on the use of data analytics, artificial intelligence and machine learning across industries. We welcome the Government of India’s move in taking definitive steps towards using the power of digital technologies and boosting the fintech and startup ecosystem through initiatives such as fintech hub in Gujarat International Fintech Tec (GIFT). The benefits accrued through the allocation of Rs. 1,500 crores for promoting digital modes of payment as well as the increased tax audit limit for those who carry 95% of their transactions digitally will enable businesses, especially MSMEs to digitise their entire value chain and drive exponential impact on key business levers – innovation, growth and efficiency. Add to it, the proposed setup of Asset Reconstruction Company (ARC) and Asset Management Company (AMC) for stressed assets, which will help accelerate the much-needed credit line in B2B payables and receivables financing from the banking system. Further, the allocation of INR 3000 crore for skill development and facilitating a National Digital Educational Architecture (NDEAR) within the context of a Digital First Mindset will help bridge a sizeable technological skill gap in the country and offer the right engine of incessant growth, while setting the foundation for India’s future in the right direction.”

 

Mr. Prakash Chhabria, Chairman, Finolex Industries Limited

Mr. Prakash Chhabria, Chairman, Finolex Industries Limited 

"The Union Budget 2021, being the foremost budget of this decade was largely influenced by the global contraction caused by the pandemic. We believe the government has put its best foot forward to stabilize the investors and stakeholders in times of uncertainty. The budget seems to be well allocated at a macro level for all relevant sectors that would act as an enabler to India’s economic growth. We believe the introduction of the National asset monetization pipeline with a focus on relevant sectors was an exceptional move to augment the revenues of the government. The proposed new DFI would certainly go a long way in helping infra projects and will play a key developmental role. A vision for Atmanirbhar Bharat in the initial part of the budget, the announcement of Urban Swachh Bharat 2.0 Mission was justified to be launched at an outlay of Rs 1.41 lakh crore over 5 years. We hope to see revival and sustainability of the PVC pipes sector through the medium of Jal Jeevan Mission Urban which is to have an outlay of Rs 2.87 lakh crore. Further, a boost to the housing sector by extension of the tax holiday, increase in agricultural credit target, increase in contribution to rural infra development fund and increase agriculture infra fund made available to APMCs will provide the much-needed liquidity in the rural economy.  We are certain that timely implementation of well-targeted budget announcements will hold the key for supporting the burgeoning growth revival of the Indian economy."

Post budget views of Mr. George Alexander Muthoot, MD, Muthoot Finance

Post budget views of Mr. George Alexander Muthoot, MD, Muthoot Financce 

“The 2021-22 budget has laid clear emphasis on economic growth and the financial services sector will play a crucial role in achieving the development goals of the government. Among the several business friendly announcements, some that stood out for us include net rationalisation of customs duty on gold by 2.5% which should bring more gold into the country through official channels and incentivising purchase of affordable homes by extending eligibility period for claiming additional deduction of interest paid of Rs. 1.5 lakh to 31^st March 2022. Increasing FDI limit in insurance to 74% from 49% is another progressive announcement that will bring more investments and activity in this sector. Lastly, reflective of the importance of the MSME sector, the government has provided Rs. 15,700 cr for it, double of last year’s budgeted estimate and we stand steadfast with the MSMEs, individuals and entrepreneurs of India in financing and enabling their Atmanirbhar Bharat ambitions.”

 

The three outspoken women of bollywood Kangana Ranaut, Swara Bhaskar and Chahatt Khanna

The three outspoken women of Bollywood Kangana Ranaut, Swara Bhaskar, and Chahatt Khanna.

chahatt Khanna has joined the bandwagon of a generation of fiery women. They speak their minds and then let their work do the talking. Chahatt is all hearts and bravery. She speaks her mind, stands up for the people she believes in and the morals she believes in. She is a single mother and has turned the momentum for her effect and it is paying dividends. She is an actress, entrepreneur, and mother. Does this qualify her to be a superheroine?? Well, she is one. She is strong and soft. She is steady and she has got the stride in to walk the talk. Kangana and Swara have time and again stuck their tongues out for what they believe in. Now Chahatt is doing the same. It's been a good triumvirate.

This is what chahatt has to say, "We are in a generation where we can't take things lying low. Things have changed so much especially after the advent of the internet. We need to go fast and we need to go steady. I can't back things that aren't working for long and be in the false pretext that it will be fine. I take the responsibility to change things and that has really helped me. I am totally accountable for the things in and around me and it starts and ends with taking responsibility. I am lucky to be seen as an inspiration and I really hope people stand up for themselves and for the beliefs they have.  The world is here to be won."

The stakes are high and Chahatt is flying higher. We are proud of her and we are closely following what she is up to.

हास्यजत्रेचे पडद्यामागील हास्यजादूगार येणार मंचावर - सचिन मोटे आणि सचिन गोस्वामी सादर करणार धमाल स्किट

हास्यजत्रेचे पडद्यामागील हास्यजादूगार येणार मंचावर - सचिन मोटे आणिसचिन गोस्वामी सादर करणार धमाल स्किट

महाराष्ट्राची हास्यजत्रा हा कार्यक्रम गेली दोन वर्षे प्रेक्षकांचे मनोरंजन करत आहे. हास्यजत्राने प्रेक्षकांच्याही मनात हक्काचं स्थान निर्माण केलं आहे. या सर्व स्किट्स मागे अनेकांची मेहनत आणि कष्ट असतात लेखक, दिग्दर्शक, तंत्रज्ञ असे अनेक लोक या मागे मेहनत घेत असतात. स्किट्सच्या माध्यमातून कलाकार बऱ्याचदा त्यांचा उल्लेख देखील करतात. अशीच दोन नाव म्हणजे हास्यजत्रेचे पडद्यामागील हास्यजादूगार सचिन मोटे आणि सचिन गोस्वामी ही लेखक-दिग्दर्शकाची जोडी गेला एक दशकभर प्रेक्षकांचं मनोरंजन करतेय. सोनी मराठीसाठी या जोडीने महाराष्ट्राची हास्यजत्रा या कार्यक्रमाची निर्मिती केली आणि हा कार्यक्रम प्रेक्षकांच्या गळ्यातलं ताईत झाला.

येत्या आठवड्यात पडद्यामागील हे हास्यजादूगार सचिन मोटे आणि सचिन गोस्वामी मंचावर एक स्किट सादर करणार आहेत. सर्व कलाकार या सादरीकरणाने खूपच आनंदी आहेत आणि हा एपिसोड बघण्यासाठी उत्सुकही आहेत.

पाहा, महाराष्ट्राची हास्यजत्रा, बुध.-गुरू. रात्री ९ वा. फक्त आपल्या सोनी मराठी वाहिनीवर.

Shree Sanjay Gauri Nandan Shree Siddhivinayak aarti sang by Amitabh Bachchan has crossed 100 million like  

The most talented and versatile  music director sherr Sanjay Gauri Nandan who has been the reason behind Shree Amitabh Bachchan musical album Shree shiddhivinayak mantra and aarti 

Shree Sanjay Gauri Nandan is a musical artist who works with many legendary singers like Mahendra Kapoor, Shreya Ghoshal, Asha Bhosle, Hari om Sharan, Kavita Krishna Murthy, Anuradha paudwal, jaspinder narual , manhar udhes , Kumar shanu , Alka Yagnik , Abhijeet Sawant , Javed Ali.  ect 

his new song Shree shiddhivinayak sang by amtabh bachchan cross 

100, million likes and 4, thousand songs already released . 

and he is also composing album laod krishan with lengendary singer with also upcoming krishanaotsva spiritual mazagin. 

sanjay guari nandan . 

Shriram City Union Finance Ltd. declares December 2020 results 

Mumbai, January 29, 2021: Leading Small Business financier Shriram City Union Finance Limited (Shriram City) has declared its results for the quarter and nine months ended December 2020 of Financial Year 2021.

In a strong quarter, disbursements more than doubled sequentially. SME loans, new Two Wheeler loans, and Gold loans which together comprise almost 89% of the loan book saw sequential disbursement growth rates of 186%, 133%, and 24% respectively. New Two Wheeler loan disbursements were at their highest ever. Gold loan disbursements were at their highest in fifteen quarters. Assets under Management rose by 3.7% sequentially. Loan yields further improved to 20.53% (versus 19.99% in the previous quarter and 19.84% a year ago). Standalone Net Profit was higher by 8.9% sequentially. Asset quality continued to improve steadily, with Gross Stage 3 levels at 6.46% (versus 6.67% in the previous quarter and 8.51% a year ago). Credit costs were lower by 38 basis points than last quarter’s levels. Borrowing costs moderated further, and Net Interest Margin at 13.09% was the highest in eight quarters. Subsidiary Shriram Housing Finance Ltd., registered their highest-ever quarterly disbursements, having grown 54.1% year-on-year and 15.1% sequentially. Assets under Management for Shriram Housing grew 49.4% annually and 12.9% over the last quarter.

 Mr. Y.S. Chakravarti, MD& CEO, Shriram City Union Finance said, “This has certainly been one of our better quarters in recent times. However, Q3 was the festival season quarter which usually sees us perform strongly.  We will now endeavor to keep up the momentum gained. The quarter saw us scale up our lending across products, and we continue to see further headroom in lending to segments critical to the economy, such as MSMEs. This quarter too saw us further improve our asset quality. Our Housing Finance subsidiary continues to forge ahead, and registered their highest ever disbursements in Q3.”

 About Shriram City Union Finance Ltd. (BSE: SHRMCITY, NSE: SHRIRAMCIT): The thirty-four-year-old Shriram City Union Finance Ltd. is among the more important players in the retail financing space. The company is among the largest financiers of MSMEs and Two Wheelers in the country. It also offers multiple loan products for acquiring assets such as commercial vehicles, passenger vehicles, and homes. In addition, it offers loans against gold ornaments and for personal consumption.  A deposit-accepting NBFC, Shriram City is a part of the over Rs. 1 Lac crore Chennai-based Shriram Group.

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