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News on Medial
SC’s e-accessibility order to push firms on digital inclusivity
Economic Times
·
2m ago
Medial
The Supreme Court's recent verdict mandates the central government and regulatory bodies to make digital infrastructure accessible to all, promoting inclusivity for marginalized groups, especially those with disabilities. This ruling recognizes digital access as a constitutional right, urging policy reforms in finance, telecom, and governance. The court issued 20 directives to improve KYC processes, emphasizing the need for services accommodating individuals with disabilities. Experts stress this decision as essential for technological inclusivity and systemic design considering societal diversity.
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Sebi asks mkt intermediaries to extend digital KYC to persons with disabilities; issues FAQs
YourStory
·
1m ago
Medial
SEBI, India's markets regulator, has mandated intermediaries to ensure digital accessibility for persons with disabilities, issuing revised FAQs to simplify account opening for them. This move, following a Supreme Court directive, aims to provide equal access to financial services. SEBI emphasizes adopting accessibility standards for online or digital KYC processes, urging intermediaries to assist disabled clients in video-based KYC processes, enhancing inclusivity in the financial sector.
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Ministry of Skill Development and Entrepreneurship launches WhatsApp AI assistant
YourStory
·
2m ago
Medial
The Ministry of Skill Development and Entrepreneurship launched SIA, an AI chatbot on WhatsApp, to enhance accessibility to skilling opportunities across India. Developed with Meta and the National Skill Development Corporation, SIA provides localized skill guidance and job access through Llama-powered technology available in English, Hindi, and Hinglish. The voice-enabled chatbot aids users in finding courses and job recommendations to build future-ready careers. This initiative aims to increase digital skilling inclusivity, particularly for underserved communities.
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Insurance industry can collaborate with telcos, e-comm, fintechs for deepening reach: LIC chief Siddhartha Mohanty
Money Control
·
8m ago
Medial
LIC's CEO and MD, Siddhartha Mohanty, has suggested using e-commerce and telecom networks to distribute insurance policies in order to reach more people. He believes that collaborating with non-traditional players like telecom companies, fintech firms, and e-commerce platforms can significantly increase outreach to remote and underbanked communities. Mohanty emphasized the need to adopt new approaches and leverage digital technologies to make insurance more customer-friendly and accessible to all. He also called for better retirement solutions and partnerships between public and private entities to achieve this goal.
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How does e-commerce reduce costs for auto sellers?
Inshorts
·
3m ago
Medial
For businesses, automotive e-commerce lowers operating costs by eliminating the need for physical stores, large inventory spaces, and on-ground staff. Digital platforms streamline order management, reduce overheads, and allow sellers to reach more customers without expanding infrastructure.
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Empowering Special Needs Students Via EdTech Initiatives
StartupTalky
·
1y ago
Medial
The EdTech industry in India has seen substantial growth in recent years, with a projected valuation of over $10 billion by 2025. However, ensuring accessibility and inclusivity for marginalized and special needs students remains a challenge. Key strategies to address this include providing tailored content and platforms, adapting technology for special needs, bridging the digital divide, offering teacher training and support, promoting community engagement and awareness, collaborating with NGOs and specialized organizations, and advocating for inclusive policies. By implementing these strategies, the EdTech industry can create a more inclusive learning environment for all students in India.
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What makes Gen Z love instant delivery?
Inshorts
·
1m ago
Medial
For digital natives, speed isn’t a perk it’s a baseline. Quick commerce appeals to Gen Z and millennials who value time, convenience, and control. With push notifications, real-time order tracking, and targeted offers, these platforms create an addictive loop of instant buying reshaping consumer behaviour from planned purchases to impulse-driven decisions.
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Ministry of Labour & Employment signs MoU with Rapido for strengthening employment linkages in logistics sector
Economic Times
·
2m ago
Medial
The Ministry of Labour & Employment and Rapido signed an MoU to enhance employment in the logistics sector via the National Career Service (NCS) portal. This agreement aims to provide 50 lakh jobs within 1-2 years, benefiting over five crore registered job seekers on the NCS platform. The collaboration emphasizes accessibility, inclusivity, and innovation, with a focus on women's employment and flexible arrangements. Real-time job posting and application tracking will be facilitated through API integration.
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Health, fitness products fly off the shelves at D2C, quick commerce
Economic Times
·
6m ago
Medial
Direct-to-consumer (D2C) brands and quick commerce platforms are witnessing significant demand for health and fitness products driven by New Year resolutions and a focus on personal well-being. Startups like Healthify and Boldfit report increased revenues and anticipate continued growth. Increased adoption of fitness wearables and higher order volumes on platforms like Swiggy Instamart illustrate this trend. The growing accessibility of digital platforms supports a sustained shift towards healthier lifestyles even in smaller cities.
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5 automation stocks with ho-hum returns that deserve to be on your watchlist
Livemint
·
19d ago
Medial
Despite recent margin pressures and low order inflows, five automation companies in India, including ABB India, Siemens, Persistent Systems, Tata Elxsi, and Honeywell Automation, are well-positioned to benefit from the country’s push for self-reliance in manufacturing and digital infrastructure. As India aims to become a global manufacturing and technology hub, driven by initiatives like ‘Make in India,’ these companies are expected to capitalize on the growing demand for automation across sectors.
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Countries closing in on digital currencies but US lagging, study shows
Reuters
·
1y ago
Medial
A study by the Atlantic Council revealed that 134 countries, representing 98% of the global economy, are exploring digital versions of their currencies. Over half of these countries are in advanced development, pilot, or launch stages. The research highlighted that all G20 countries, except Argentina, are progressing in the development of digital currencies, while the US is falling behind. Despite President Biden's order to explore a digital dollar, progress has been slow, with Federal Reserve chief Jerome Powell stating that a digital dollar is not close to happening. The divergence between central banks on Central Bank Digital Currency (CBDC) development is growing, with China, Europe, and Japan leading the way. The report also highlighted that the risk of the US lagging behind could result in a more fractured international payments system and a potential loss of global finance clout. Currently, 36 pilot projects are underway, including China's e-CNY and the European Central Bank's preparations for the digital euro. The report also mentioned the increasing focus on wholesale CBDCs and outlined 13 cross-border wholesale projects currently in progress. The BRICS member states are at advanced stages of CBDC development, and the report predicts that there will be a further push for alternative payment systems to the US dollar at the upcoming BRICS summit in Russia. It is expected that there will be major CBDC launches by 2027, with China's e-CNY being the largest and most advanced pilot.
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