Tag: explains

Importance of MSMEs in driving India’s growth, role of digital infra and way forward, explains Mastercard’s South Asia COO Vikas Varma



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© Provided by Zee Business


Realising the immense potential that India’s Micro, Small and Medium Enterprises (MSMEs) have, Modi government has laid special focus on the sector. Even under Aatma Nirbhar Bharat Package and Mission, MSMEs are in the spotlight. And, the role of MSMEs become even more important in this trying times of Covid-19 pandemic amid Modi government’s ‘Vocal For Local’ campaign. Vikas Varma, COO – South Asia, Mastercard, in an exclusive interview to Zee Business Online explains the importance of MSMEs in driving India’s growth, the role of digital infra and the way forward. Here are edited excerpts:- 

What is the importance of micro, small, and medium enterprises (MSMEs) in driving India’s growth in digital payments? 

India has over 63 million Small and Medium Enterprises (SMEs) that employ around 114 million people and contribute nearly 35 percent of the country’s GDP. By the sheer volume and value add

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Airbnb diversity business partner explains why ‘diversity is not just good business’

Maria Cuba was an Airbnb host more than a decade ago in Puerto Rico before she applied to work for the home sharing platform. Today she’s diversity and belonging business partner at Airbnb. She has worked on engaging hosts of diverse backgrounds, and providing resources to employees within Airbnb. 

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“It’s a matter of really looking at diversity as the one thing that makes us stronger and it makes us serve our communities better. And in turn, it makes our community engaged with our products in a better way,” Cuba told Yahoo Finance Presents: Hispanic Stars.

About five years ago, Cuba and a co-worker started a group at Airbnb called Juntos, which now has chapters in the U.S., Latin America, and Europe. 

“We come together, on the one hand, to really just enhance and support the experience that employees are having at Airbnb, giving them opportunities to come together,

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Bruce Prichard explains why Chris Masters had a disappointing run in WWE

Current WWE Executive Bruce Prichard has shared his opinion on what went wrong for Chris Masters during The Masterpiece’s first WWE run.

During a recent episode of Bruce Prichard’s Something To Wrestle With podcast, the current Executive Director of Monday Night RAW and Friday Night SmackDown suggested that it may have been a case of “too much, too soon” in reference to Chris Masters’ WWE push in 2005.

Prichard also stated that The Masterpiece’s “demons” perhaps got the better of him during this time period:

“I just think that Chris had his own demons during that time frame and they got the best of him, It was unfortunate, because I think that first of all, the human being – when you have Chris in a clearer head, I think he’s a sweetheart of a human being and someone that really wanted to make it in the business that had the

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LA’s IT chief explains how city workers went from a ‘unilaterally hated’ security system to Zscaler after 48,000 employees had to start working remote

Ted Ross Headshot (1)
Ted Ross is the chief information officer for the city of Los Angeles
  • Prior to the coronavirus pandemic, only 120 of the city of LA’s 48,000 employees were working remote
  • It fell on CIO Ted Ross and his team to support a quick transition to telework, as well as enable the government to use digital tools to help control the spread of the virus. 
  • Among other products, Ross tapped popular cloud security software Zscaler to enable workers to access their desktops remotely on whatever device they choose. 
  • “We’re looking at longterm telework solutions,” Ross told Business Insider. 
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Prior to the coronavirus pandemic, only about 120 of 48,000 Los Angeles city government employees were working remote.

It was a struggle to even get to that point, according to chief information officer Ted Ross, and required,

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Business, Mask Orders Modified In Prince George’s: Patch Explains

PRINCE GEORGE’S COUNTY, MD — Prince George’s County relaxed some of its coronavirus regulations on Wednesday, allowing more businesses to reopen. Despite the easing restrictions, the county remains in Stage 2 of coronavirus recovery.

Banquet halls may reopen at capacities of 50 percent or 150 people, whichever is fewer. No more than six people are allowed at a table, and social distancing must continue in the event space. Buffets remain prohibited.

Cigar, hookah and vape shops can open for retail sales only sales only. Smoking in the store is not yet allowed. The businesses can have a maximum of 1 person per 100 square feet of sales space, but their capacities may not eclipse 50 percent their usual mark. Workers must wear appropriate personal protective equipment.

Tanning salons can also reopen with the same regulations as the county’s other personal services. The salons may only serve customers who book appointments.

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SBI MF expert explains which investment tool is better for child education planning



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© Provided by Zee Business


Mutual Funds vs FD: When it comes to investment post-marriage, child investment plan is the most common tool that comes to one’s mind. However, if we go by the experts’ views, while investing, one needs to look at the returns and the rate of inflation. If the returns are higher than inflation, then only one will be able to meet one’s investment goal. Same rule needs to be applied while investing in child education planning. Generally, people invest in traditional insurance or bank fixed deposit (FD) for child education. However, the way FD returns have gone down in recent years, it become important to know for an investor which type of investment tool to choose, traditional tool or equity mutual funds?

Speaking on the calculations involved while choosing an investment tool for child education planning DP Singh, Chief Business Officer at SBI Mutual Fund said,

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