Snehal khanna Blog

120 million youth are in 14-18 age group; survey covered more than 28,000 youngsters from 26 rural districts across 24 states LATEST NEWS :  About 60 per cent of the rural youth have never used a computer or accessed internet; 57 per cent cannot solve a division problem; 40 per cent struggle to tell time in hours and minutes, while around 14 per cent of them cannot measure length using a reference scale properly, the 2017 annual status of education report (ASER) on assessment of youth in the age group 14 to 18 years, facilitated by Pratham education foundation has found. In less simple tests of ability, only 54 per cent could understand three out of four instructions written on a food packet, and further down the complexity line, only 38 per cent could find a particular count after applying a discount, and only 15 per cent could calculate a loan repayment amount exercise. However, there is a huge difference between youth who have completed more than eight years of educ...

Given the expertise, focus and core competency of mobile wallet players like Paytm and Mobikwik, it makes more sense for banks to partner such players than building or pushing own e-wallet apps LATEST NEWS : An accelerated digital adoption in India, especially after the Narendra Modi government’s November 2016 move to demonetise high-value currency notes, and the subsequent spike in electronic payments, are credited with scripting a success story for mobile wallet companies. And, with a loss of market share in the payments space that ensued, banks also jumped on the bandwagon and launched their own e-wallets. Now, however, with their wallet customer base, user interface and innovation not matching well enough with the numerous offers that niche wallets provide, banks are struggling to compete. On the post-demonetisation digital drive, Ritesh Pai, chief of digital office, YES Bank, says: “Some users who never had an active interface with the banking system also embraced pre...