The coronavirus pandemic has affected almost all the countries across the globe. The lockdowns and various other restrictions have hit the major developing and developed countries’ economies and the lifestyle of the people. But Bill Gates believes that everything would get to normal by 2022. Let’s look at why Bill Gates believes in it.
Bill Gates is not only a business Magnate but also an author, philanthropist, investor and a software developer. He is one of the richest men in the world. Bill Gates is the founder of Microsoft and has served in the company as a chairman, Chief Executive Officer (CEO), Chief Architect Software and as the President of the company. Currently, he is the Technology Advisor of Microsoft.
Bill Gates also holds the titles such as Co-chairman and co-founder of Bill and Melinda Gates Foundation, Chairman and founder of Branded Entertainment Network, Chairman and Founder of Cascade Investment and the Chairman and co-founder of TerraPower.
Bill Gates was born in the year 1955 in Washington, United States. From the year 1987, he has been included in the Forbes list of the world’s wealthiest people.
In an interview with Sky News, Bill Gates had said that he believes that the world will completely return to normal by the end of next year, i. e 2022. He added on explaining that he believes so because of the high rate of implementation of the Covid vaccines in the developed countries such as the United Kingdom and the United States of America and he says that these countries will help the developing countries get the vaccines by the end of this year.
Bill Gates further added on saying that he although doesn’t expect the vaccines to completely eliminate the presence of the vaccines in the same year but the number of cases is expected to reach to a very less amount.
Bill Gates Interview
He said that he was not surprised with the fact that the developed countries gave first priority for their citizens to provide vaccines. He criticized it by saying that right now the people in their 30s in the developing countries could get vaccines while those over 60 years old in Brazil or South Africa are yet to receive a shot.
The Covid-19 virus had started infecting people at the end of 2019 and has widely spread to almost all the countries since then. In the year 2020, the entire world had been hit by the pandemic leading to a lockdown in almost every part of the world and millions of people losing their life.
Currently, there are around 3.14 million people who have died because of the virus and 149 million cases recorded globally. This deadly virus has been increasing since then.
The second wave of the Covid-19 had started in the early 2021 and India is a country that is currently being affected on a large scale. Lockdowns have been implemented in several states. The total Covid cases recorded in the country alone is around 4.41 million with around 66, 179 deaths.
The vaccination drives have been started in the country and as of 27 April 2020 around 1.7 % of the population has been fully vaccinated and around 8.9 % of the people have received at least a single dose of the vaccine.
Currently, the only Country which was successful in fighting against the virus was Israel. They have officially announced that people in the country will not require to wear masks anymore.
The net worth of Bill Gates is 13,100 crores USD as of 2021.
How did Bill Gates become famous?
Bill Gates cofounded Microsoft Corporation, the world’s largest personal-computer software company.
Conclusion
The entire human race also wants the pandemic to get over and the normal life to begin as soon as possible. We can expect and hope to see many more countries being successful in fighting against this deadly virus.
Elon Musk who is the CEO of Tesla and SpaceX had recently announced a new competition on the World Earth Day which is on 22 April 2021. The competition is hosted by XPrize and Elon Musk had entered as the chairman of XPrize in order to announce about the competition. Let’s look at what exactly is the competition about and How to enter the competition.
Elon Musk is one of the richest people in the world. He was born in 1971 in South Africa. He is an engineer, industrial designer and a business magnate. He is the founder of SpaceX, The Boring Company, and X.com. He is the co-founder of Neuralink, OpenAi and Zip2. He is the CEO of Tesla and the chairman of Solar City.
The Musk Foundation
The Musk Foundation is a private grant-making foundation. It was founded in the year 2002 by Elon Musk and his brother Kimbal Musk. They provide grants for renewable energy research, science, and engineering education, human space exploration research, the development of safe Artificial Intelligence to benefit humanity, and pediatric research.
On World Earth Day, Elon Musk had announced about a USD 100 million competition which is based on Carbon Removal. The main aim of the competition is to motivate innovators around the globe to come up with an idea to seize the carbon durably and sustainably.
According to the competition’s website, they require the innovators to come up with a large-scale project that will pull the Carbon-di-oxide directly from the atmosphere and oceans and should be able to seize it in a durable and sustainable manner. The competition is for the time frame of 4 years.
The winners of the projects will be based on proving by the team that their project can remove at least around 1,000 tones of carbon-di-oxide yearly and model their costs on a scale of 1 million tones on a yearly basis.
The teams will also have to show a way to achieve a scale of gigatons on a yearly basis in the future. The eligibility criteria for the competition are that the project should be based on any carbon negative solutions according to Elon Musk and the Musk foundation as the competition is funded by them.
The judges will review the submissions within one year of the competition and award up to 15 prizes with the prize money of up to USD 1 million each. The judges will later select one grand prize winner after four years who will receive an amount of USD 50 million. The judges will also select 3 runners up and they would receive an amount of USD 30 million each.
XPrize Foundation
XPrize Foundation is a non-profit organization. The organization was founded in the year 1994 and is located in California, the United States. The organization was founded by Peter Diamandis. Some of the notable trustees of the organization are Larry Page, James Cameron, Ratan Tata, and many more.
The Foundation designs and hosts public competitions. The main aim is to encourage technological development which is focused on benefitting humanity.
Marcius Extavour who is the Vice President of Climate and environment at XPrize said that climate change poses a greater threat in 2021 and it should be very clear to everyone that our Carbon-di-oxide emissions are the major reason for the cause.
He added saying that the prize is about the development and deployment of solutions that can be carbon negative as the race is to get to net zero.
You can visit XPRIZE’s Website to register for this competition.
XPRIZE Website
FAQ
What was Elon Musk’s first project?
Elon Musk founded X.com in 1999 (which later became PayPal), SpaceX in 2002 and Tesla Motors in 2003.
What is the net worth of Elon Musk?
The net worth of Elon Musk is 17,260 crores USD as of 2021.
Does Elon Musk drive a Tesla?
Musk is usually seen driving around in his Tesla Model S or the Tesla Model X
Conclusion
The main aim of the competition will be to remove carbon-di-oxide from the atmosphere and to turn the theoretical ideas into practical solutions. This will be a great platform for the innovators to showcase their ideas and towards making them practically possible.
Amazon had recently made an announcement of open sourcing one of its device software DeepRacer which means that the software DeepRacer is freely available for anyone to modify or redistribute according to their requirements or plans. The DeepRacer was first developed by AWS. Lets’ look at what exactly is DeepRacer which was announced by Amazon.
Amazon Web Services is a subsidiary company of Amazon Inc., The company comes under the web services and cloud computing industry. The company launched its web services in the year 2002 and cloud computing in the year 2006.
Some of the products and services of the company include computing, networking, storage, analytics, database, deployment, application services, machine learning, management and so on. The most popular is Amazon Elastic Compute Cloud (EC2).
DeepRacer is known as AWS DeepRacer as it was developed by Amazon Web Services (AWS). The company had introduced DeepRacer in the year 2018. The objective was to help the developers learn Machine Learning in an easier and a fun way.
AWS DeepRacer
AWS DeepRacer is a race car with an autonomous 1/18th scale. The car is designed to test the reinforcement learning models by conducting virtual races or physical races. The virtual races will be conducted in the AWS DeepRacer Console and the physical races will be conducted on a track at Amazon Web Services or customer events.
Objective of DeepRacer
The main objective or idea behind AWS DeepRacer is to teach the developers basics of machine learning. After the introduction of AWS DeepRacer in the year 2018, the company has conducted various physical races with DeepRacer known as AWS DeepRacer leagues and recently they have conducted a wide range of virtual races as well.
In order to encourage new people to get involved with the technology and to encourage the machine learning process, the company had reorganized the leagues last month. The announcement of open sourcing is also another step taken by the company to increase the number of participants.
It is a step to increase the interest of developers as it is a chance to make it their own and they will be able to customize it and add new layers to the cars which were not possible until now. This is a significant step taken towards encouraging the machine learning process.
After the launch of AWS DeepRacer in the year 2018, it has evolved significantly which has led the company to announce a new step which is open sourcing the software of these cars. The DeepRacer car is a mini computer that is running using an Ubuntu Linux and a Robot Operating System (ROS).
Both the software is open source elements. The open sourcing will enable the users to change the car’s default behaviour and the company believes that by open sourcing the device, there will be a lot of creative uses of DeepRacer coming forward by the software developers.
The open source for the AWS DeepRacer will enable the software developers to easily change the device code of the race car which is programmed only for the track into anything useful and creative.
Some of the changes you can make are you can deploy countermeasures into the car so that it won’t let other cars to overtake it or you can deploy your own counter algorithm which will make it run faster from a specific point to another.
The company wrote in its blog post about these examples and added saying that you just need to dream it and code it.
AWS DeepRacer is an autonomous 1/18th scale race car designed to test RL models by racing on a physical track.
What is AWS DeepRacer league?
The AWS DeepRacer League is the world’s first global autonomous racing league for developers.
Which geographic regions is AWS DeepRacer available in?
AWS DeepRacer simulator is available in the US East (N. Virginia) Region.
Conclusion
AWS DeepRacer is one of the most efficient ways to learn machine learning for developers. It is designed for developers of all skill levels and even the ones who have no experience in Machine Learning.
On 23 April 2021, the Reserve Bank of India had barred American Express and Diners Club International Limited from onboarding new customers to their platform. The ban is expected to come into effect from May 1. Let’s look at why both the payment system operators American Express and Diners Club International Limited were banned by RBI from adding new customers.
The Reserve Bank of India had initiated a ban for the payment system operators from onboarding new customers into their network as they were not able to follow the norms with the data storage put forth by the RBI.
The Reserve Bank of India in a statement said that both the entities have been found to be non-compliant in respect to the directions on storage of data of the payment systems. The RBI has added that the action towards both the entities was taken based on the powers which are under Section 17 of the PSS Act.
American Express Banking Corp and Diners Club International Ltd are payment system operators in the country who has the authorization to operate card networks in India under PSS Act (Payment and Settlement Systems Act), 2007.
American Express Banking Corp is a multinational company that focuses on financial services. It is located in New York, the United States. The company was founded in the year 1850. American Express is considered to be the 23rd most valuable brand in the world according to the Forbes 2017 list.
Some of the products offered by the company are Charge Cards, Traveler’s cheque, Credit Cards, corporate banking, etc. In India according to a report by Financial Express, American Express has a market share of around 2.53 % of the total market with around 15.6 lakh credit cards outstanding.
Diners Club International Ltd
Diners Club International is also known as DCI is a charge card company. It is a finance-based company that has its headquarters in the United States. The company was founded in the year 1950. Diner Club International was the first payment card company in the world.
The company is owned by Discover Financial Services. Some of the products of Diner Club International are charge cards and credit cards. In India, Diners Club International distributes its cards exclusively through HDFC Bank and the exact number of active users is unknown.
Why did RBI restricted American Express, Diners Club from adding more customers
In the year 2018, in a notification, the Reserve Bank of India had noticed that all the payment system providers did not stored the data of the payments in the country. The notification said that there was a significant growth witnessed by India in the payment ecosystem and such systems depend completely on technology.
The notification added that such an ecosystem has a necessity for a continuous measure of safety and security that were best in class.
The Reserve Bank of India had then directed all the system providers to ensure that the entire data which are related to payment systems should be stored in a system that is only in India.
The data which are stored should include the full end-to-end transaction details, information, carried, collected, and processed as part of the message or payment instruction. This was mentioned by RBI in its notification.
If there is any foreign transaction, those data can be stored in the foreign country if it is required. The compliances with the new rules were supposed to be followed by the system providers within 6 months and they had to report the same to the Reserve Bank of India.
In addition to this, they were also required to submit a report which should be approved by the board a System Audit Report (SAR). It should be conducted by the CERT-In empanelled auditor within the time duration that is specified.
The ban of American Express Banking Corp and Diners Club International Ltd by RBI is because they have failed to follow the statement given by RBI in regards to storing the data which was issued two years ago.
In India, American Express offers a full range of travel, financial and network service products.
What type of credit card is Diners Club?
Diners Club is an International Credit Card.
Who owns RBI?
RBI has been fully owned by the Government of India since its nationalisation in 1949.
Conclusion
The ban on both the entities would not affect the existing customers. The Reserve Bank of India had clarified in a statement that the ban will have no impact on the customers of both the companies.
The digital fintech startup Paytm has recently announced that it has launched a platform for its users to learn about investing. It has launched a video-based wealth community platform(Currently in beta stage) for the users to learn investing. Let’s look at the further details of the New Community Platform Launched by Paytm for Learning Investments.
Paytm is an Indian based multinational startup company. They are an e-commerce payment system and a financial technology company that has its headquarters located in Uttar Pradesh, India. The company was founded in the year 2010.
The abbreviation of Paytm stands for “Pay Through Mobile” and it encourages it with its famous tagline ‘Paytm karo’. The company was founded by Vijay Shekhar Sharma. Some of the company’s products are Paytm Mall, Paytm Payments Bank, Paytm Money, Gamepind, Paytm Smart Retail.
The services offered by Paytm are Payment systems, digital wallets, mobile payments banking, online shopping, etc. Some of the key investors of the company are Ant Group, SoftBank Vision Fund, Warren Buffet’s Berkshire Hathaway, etc.
Paytm Wealth Community
On 26 April 2021, Paytm which is one of the largest fintech companies in India announced that it has launched a platform that is a video-based wealth community to revolutionize the Indians to learn, discuss and trade in the capital markets.
Paytm Wealth Community is considered to be India’s first community which will be based on investing. The platform will be video based and there will be live sessions conducted for the users of the community to ask doubts and discuss on the topics.
The live sessions will be conducted by the industry experts and will cover a wide range of topics for the users such as stocks, futures and options, ETFs, Mutual Funds, IPO, Gold, Fixed Income and Personal Finance.
Paytm Wealth Community
The platform will provide a chance for users to learn from the experts in the industry, discuss their doubts with them and also chat and grow together with their fellow learners. The users on the platform will discuss on various wealth related topics.
In today’s world, the way the youth learn, interact and transact has seen a rapid evolvement. The social interaction between peers has been greatly influenced by the growth of apps and other social media platforms.
It is seen that the social media platform and communities on various other sectors have seen a considerable growth, the digital platforms communities and groups have grown over the years, but there has not been a trustworthy digital platform and a reliable platform for wealth management.
Paytm intends to cover it up and build a trustworthy and reliable wealth management platform for the youth through its new community. It is taking a step to fulfill the requirements of the Indian Investors by launching the platform.
The platform will contain live video content with an interactive chat platform and creators are planning to conduct the sessions for a time period ranging from 30 minutes to 60 minutes. The sessions are expected to be launched in various languages such as Hindi, Gujarati, English and many more.
The platform is under beta testing and Paytm has onboarded a limited set of users. All the creators will have to go through a KYC process which will be a step for ensuring the safety of the retail investors. All the contents will be recorded and checked.
The roadmap of the product and technology is expected to completely transform the user experience. Over the period of time, the users will be able to create a customized discussion room by setting up their creator account and will also be able to chat in a controlled environment.
Paytm expects that the next 100 million capital market investors will be originated through investment communities and social groups and the wealth community of Paytm intends to be a leader and helping the investors to save, trade and invest better.
Beta testing
Paytm has said that users who have received the access to the wealth community launched by Paytm will be able to see a calendar that will have a list of the video sessions available on the platform. The beta testing feature is expected to be for the period of two months and later it will be opened to access to all.
The CEO of Paytm money, Varun Sridhar said that Paytm money was a natural choice by the company for its beta testing platform for the wealth community. Paytm money has direct access to a broad range of investment communities and has a reach across India.
Paytm Wealth Community also offers an opportunity for the experts in the industry to create a personal brand by creating their content and sharing their knowledge with millions of budding investors. This will be a platform to create a personal brand in the capital markets industry.
The company is supporting anyone with the required skills and has a significant social impact to create a personal brand. For starting the registration process, they will have to mail to pwc@paytm.com.
FAQ
Who is the current owner of Paytm?
One97 Communications Ltd is the owner of Paytm.
Who is CEO of Paytm?
Vijay Shekhar Sharma is the current CEO of Paytm.
Is Paytm Chinese company?
PayTM is owned by an Indian company by the name of One97 Communications Ltd.
Conclusion
The capital investors in India have seen a significant rise in the last two years because of the pandemic. People are looking forward to growing their wealth through capital markets due to the layoff of jobs. Platforms such as Upstox, Groww, Zerodha and Paytm money has seen a subsequent increase in their user base.
The number of Covid-19 cases has been increasing in India from the last month. The daily Covid cases in the second wave of Covid have crossed the 3-lakh mark in the country. The entire healthcare system in India has been facing a great challenge and an immense pressure.
The cases have been increasing and the Covid has been spreading on a faster phase. In India, the Covid outbreak has exploded. There are various reports from hospitals in regards to the shortage of medicines and oxygen. Let’s look at how delhivery is helping to import oxygen cylinders to India.
Sahil Baura who is the co-founder of the startup Delhivery has announced through his LinkedIn post that the company has made arrangements and will soon be flying charter planes to India.
The charters will carry oxygen concentrators and other essential services required by the country. He also added on that they would be able to build more capacity according to the demand and requirement of the country.
One of the Delhivery executives from Delhivery had tweeted that, Delhivery will be chartering two planes from China which will most likely take place on Wednesday and Friday of this month, that is 28 April 2021 and 30 April 2021. They said they will be providing logistical support for importing oxygen concentrators
He added on saying that the company is importing oxygen concentrators and other essential services at minimal margins and according to the situation they would have spare capacity.
Delhivery (my company) is chartering two planes from China (most likely this Wednesday and Friday) to help import oxygen compressors.
We are doing this at minimal margins for compressors and other essentials, and have spare capacity as things stand.
If the demand has increased the current supply, then the company has said that it will be able to arrange for additional supplies. He also added on saying that the interested people will be able to contact the company using the Email ID ceo@delhivery.com.
Delhivery has the capacity at present to process around 15 lakh parcels on a daily basis. They have around 75 packing warehouses, 70 hubs, 24 automated sort centers, 14,000 vehicles, 2,500 delivery centers, and around 50,000 employees.
Sahil Barua is the co-founder and the CEO of the company. The Parent company of Delhivery is SSN Logistics Private Limited. The company’s products and services include Delivery, Express Mail and third-party logistics.
They are backed by a wide range of investors and venture capitalists. Some of the key investors and venture capitalists are Tiger Global, Soft Bank Vision Fund, Nexus Venture Partners and so on.
Import Consignments
On 24 April 2021, the Finance Ministry’s CBIC had directed all the field officers to clear all import consignments which include life-saving drugs and oxygen consignments which are used for the covid-19 treatment in the country.
This will be implemented on the highest priority as the Covid 19 cases have seen a surge in India. The Central Board of Indirect Taxes and Customs (CBIC) has said that this decision is aimed at ensuring that all the equipment and products which help in the recovery of Covid 19 should reach the beneficiaries as soon as possible.
Sahil Barua is the Co-Founder & Chief Executive Officer of Delhivery.
Is Delhivery a Chinese company?
Delhivery is an Indian delivery company. It was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati.
Is Delhivery a unicorn?
Delhivery became a unicorn in the year 2019 when it was valued at $1.5 billion.
Conclusion
Earlier this week we have seen a lot of companies changing their manufacturing plants to oxygen manufacturing plants. Companies such as Reliance, SAIL, JSW steel, etc. The Tata group had also announced that it would be importing oxygen containers in order to easy transportation of liquid oxygen. We are able to see a lot of companies coming forward and helping the governments and the health care system to fight together against the deadly virus
The rise of the second wave of Covid 19 in India has led to a lot of infections and an increased demand for oxygen across the country. Many states have reported that there is a lack of oxygen in the hospitals and there are a lot of patients in requirement of oxygen.
The shortage of oxygen has led to the death of several patients in the hospitals. Amidst the chaos, several private and public sector companies have changed their manufacturing plants and converted those into manufacturing of oxygen. Heres a list of companies that have started manufacturing oxygen cylinders in India.
Reliance Industries Ltd is a multinational company which has its headquarters in Mumbai, India. Reliance Industries is owned by Mukesh Ambani. The Jamnagar Oil Refineries of reliance Industries have been changed to manufacture medical-grade oxygen cylinders.
The company has said that it would manufacture around 700 tones of medical-grade oxygen cylinders per day and has plans to distribute it freely to the states that are affected by Covid-19. The Jamnagar Oil Refineries is located in Gujarat, India.
The plant had started the manufacturing of 100 tones of medical-grade oxygen cylinders in the beginning and later it was increased to 700 tones because of the requirement. The company has plans to increase the manufacturing output of medical-grade oxygen cylinders to up to 1000 tones in a short span of time.
JSW Steel
JSW steel is an Indian company which is involved in the manufacturing of steel. The company has its headquarters located in Mumbai, India. The company had recently revealed that its Dolvi Plant in the state of Maharashtra was manufacturing around 185 tones of medical oxygen and supplying it according to the requirement from last week.
JSW Steel also has plans to increase the manufacturing of medical oxygen their other 3 plants which are Ballari plant in the state of Karnataka, Dolvi Plant in the state of Maharashtra and Salem plant in the state of Tamil Nadu.
The company is working towards manufacturing and providing around 600 tones of oxygen on a daily basis. The company is also planning a strategy to increase its manufacturing and supply of oxygen in its Tamil Nadu factory.
Tata Group is a multinational company which has its headquarters located in Mumbai, India. Tata group is one of the oldest and the biggest companies in India.
The subsidiaries of the Tata group such as Tata Steel are in the process of transferring oxygen to the states which have an increased demand for medical oxygen.
To bring a solution to the shortage of oxygen supply, the company has taken a decision and declared that in order to carry liquid oxygen, they would import around 24 cryogenic containers.
The cryogenic containers are known for storing gases that are liquified at very low temperatures because of their design which contains dual walls. There are also multilayer insulation vessels.
How is liquid oxygen transported
Vedanta
Vedanta Company is an Indian-based company which is involved in the mining. They have mined in different states such as Goa, Rajasthan, Karnataka and Odisha. Their main operations include mining of iron ore, aluminum and gold. The company has its headquarters located in Mumbai, India.
Vedanta has offered to provide oxygen from its Plant in Tamil Nadu which is located in Thoothukudi and is a decommissioned Sterlite Copper Plant. According to Vedanta, their factory has around 2 oxygen plants and is expecting to manufacture around 1,050 tones combined from both the plants on a daily basis.
Steel Authority of India Limited (SAIL) is a steel manufacturing company. It is an enterprise which is owned by the Government of India. The company has its headquarters located in New Delhi, India.
According to a report from SAIL, the company has supplied around 35,000 tones of liquid oxygen from its manufacturing plants. The oxygen is said to have a purity of around 99.7 %.
The manufacturing plants of SAIL are located in Bokaro plant which is in the state of Jharkhand, Bhilai plant which is in the state of Chhattisgarh, Rourkela plant which is in the state of Odisha, Durgapur plant and Burnpur plants.
IOL and Bharat Petroleum
Indian Oil Corporation (IOL) is an oil and gas corporation which is under the Government of India. It has its headquarters located in New Delhi, India. It is the largest commercial oil company in the country.
Bharat Petroleum Corporation Limited (BPCL) is also an oil and gas corporation which is under the Government of India. It has its headquarters located in Mumbai, India, it is the second largest commercial oil company in the country.
IOC and BPCL have also started supplying medical oxygen from their plants. They have begun redirecting the oxygen that are generated in their refineries to provide medical oxygen to the states that are affected by Covid-19.
They have supplied oxygen to various hospitals such as Delhi, Punjab and Haryana. IOC has begun supplying around 150 tonnes of oxygen on a daily basis and BPCL has begun supplying around 100 tonnes of oxygen on a daily basis for free of cost.
Rashtriya Ispat Nigam Limited is a steel producer company. The company has its headquarters in Vishakhapatnam, India. Rashtriya Ispat Nigam Limited has provided liquid oxygen to Andhra Pradesh and other states that are affected by Covid-19.
They have added 5 units of oxygen extraction plants in which 3 plants have the capacity to produce around 550 tones on a daily basis and the other 2 units will have the capacity to produce around 600 tones on a daily basis.
The company is producing around 100 tones of liquid oxygen and around 2,600 tones of gas oxygen on a daily basis.
IFFCO
Indian Farmers Fertilizer Co-operative Limited (IFFCO) is a Multi-state cooperative society which has its headquarters in New Delhi, India. They are involved in the manufacturing and marketing of fertilizers.
IFFCO has said that in the next 15 days they would set up 4 oxygen plants for an approximate rate of around INR 30 crores. The plants will be created in Paradise (Odisha), Aonla, Phulpura (Uttar Pradesh), and Kalol (Gujarat).
FAQ
Is US helping India with Covid?
As per the Officials the U.S. is trying to help India deal with its coronavirus surge.
How much vaccination is done in India?
India has completed 14 crore COVID-19 vaccine doses in total 99 days.
Which company made Covaxin vaccine?
Covaxin has been developed by Hyderabad-based company Bharat Biotech in collaboration with the Indian Council for Medical Research (ICMR) and the National Institute of Virology.
Conclusion
This is a major step taken by these companies to help the society and the citizens of the country. Mostly all the companies have been providing the oxygen for free of cost. We may be able to see a lot more companies coming together to support the country from a big crisis.
Facebook Inc is a social media giant which is based in the United States of America. The social media platform is available in around 111 languages and has a presence in almost every country around the globe. It was launched in the year 2004 and has around 2.8 billion monthly active users.
Facebook acquired Instagram in the year 2012. Instagram was founded in the year 2010 as a photo and video sharing platform. As of 2021, Instagram has around 1.074 billion users worldwide. The 71% of the users of Instagram is expected to be below the age of 35.
Instagram had introduced a new feature called Reels videos which is a short video sharing feature in the platform. Reels videos had gained a lot of popularity in India as it was introduced at the right time when the most popular short video platform in the country TikTok was banned by the government.
The growth of the short video feature Reels videos has let Facebook to take the next step in monetizing Instagram Reels. From Ads in Instagram Reels to introduction of new features like Sticker Ads, Let’s look at how Facebook is planning to monetize its Instagram Reels Videos platform.
On 22 April 2021, Facebook Inc had announced that it is planning to start testing the ads in its Instagram platform in the reels section. In the first stage, Facebook said it will concentrate on the countries such as Australia, Germany, Brazil and India.
It will be a step taken by Facebook to generate revenue from its short video platform. India is considered to be one of their fast-growing social media platforms and this is a step taken by Facebook to try to capitalize on its popularity in India.
Instagram Reels
Carolyn Everson, the Vice President of Facebook’s global business group said in an interview that the introduction of ads is an indication of how strong momentum Facebook has for its Reels platform in the country. However, Carolyn Everson did not share any usage metrics of the Reels.
Facebook had said that compared to other contents, The Ads on Reels are planned to be as long as up to 30 seconds and the users will have an additional feature that will let them skip the Ads according to their choice.
On 22 April 2021, Facebook had also announced that it will let the advertisers to select video content based on certain categories on which they would want to place their ads on. Some of the categories would include fitness and health, videos for children, animals and pets, workouts, etc.
Carolyn Everson says that this step from Facebook is a big deal for the marketers.
In India, Facebook has plans to test various other features and one among them would be to provide a feature for the content creators to share their Reels videos on their Facebook accounts as well.
Facebook also has plans to introduce a new feature and begin the testing of it. The new feature of Facebook is Sticker Ads for the stories posted on Facebook. The social media giant has plans to introduce and test this feature in the coming weeks.
Sticker Ads will let the brands to create a sticker that will be based on their product or anything related to the brand. The influencers or social media promoters will be able to place those stickers on their story. Any sales which are made through these sticker Ads placed by the influencers can be claimed by them to get a percentage of the sales.
This new feature will be a strategy by Facebook to provide a platform for the influencers and social media content creators to earn money directly from their fans and followers. It is similar to the way the influencers and social media creators are making money through the platforms such as Clubhouse which is an audio chat app and Patreon which is a membership site.
Advertisers commonly use Facebook to help them target their market based on their interests. The platform helps them find their target market. This new feature will be a great effort from Facebook’s side to let the brands advertise their contents along with creating them. This will be considered as one of the biggest moves by the social media giant.
We will be able to see a lot more newer features that will be introduced by Facebook in a short period of time. This is one of the first steps taken by Facebook to help and improve the brands and the influencers in their platform.
CleanMax and Facebook had recently announced that both the companies have got into a partnership to move into 100 % renewable energy in India. Let’s look at how Facebook is bringing renewable energy into India with the association with CleanMax.
CleanMax Solar is a clean energy company. The company develops rooftop solar power. It was formed in the year 2011 and has its headquarters in Mumbai, India. The company has its presence in the major parts of India.
CleanMax is said to be one of the leading renewable energy company which is pioneering in roof top solar development across India. The company has successfully installed more than 550 rooftop solar projects for more than 170 corporates.
It has a total rooftop solar operating capacity of more than 250 MW. It also operates large scale solar and wind farms for supplying clean energy to its corporate customers which is more than 450 MW.
CleanMax Website
About Facebook
Facebook is an American based social media and social networking company. The company was founded in the year 2004 and is located in California. As of 31 December 2020, the company has around 2.8 billion monthly active users.
The company’s services are available in around 111 languages and is present in almost all the countries worldwide. The company was founded by Mark Zuckerberg with his roommates and his college mates from Harvard College. Some of the important people are Chris Hughes, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, etc.
Facebook and CleanMax partnership
On 15 April 2021, Facebook and CleanMax had announced that they had got into a partnership to support the development of renewable energy in India through solar and wind energy.
Urvi Parekh who is the head of the renewable energy at Facebook said in a statement that they are excited to announce this important step which is helping them support their operations in the region, which includes their office in India, with 100% renewable energy.
Under the agreement of the partnership, both the companies CleanMax and Facebook will assemble a portfolio of solar projects and wind which will be used to supply renewable energy into the electrical grid in India.
First Project of CleanMax and Facebook in India
The first project according to the agreement between both the companies will be a 32 MW wind project. The project is expected to be located in Karnataka, India. This project will be followed by similar other projects in states where the tech giant has its operations.
It is estimated that approximately half of the project capacity has been commissioned recently and is generating power already. Urvi Parekh who is the head of the renewable energy at Facebook said that their partnership with CleanMax will enable the generation of solar energy and wind power in the near future. This will be a huge contribution to the decarbonization of the Indian electrical grid.
CleanMax is said to own and operate the projects meanwhile Facebook is said to provide long-term support by committing to purchase the complete environmental attribute certificates from the projects. These are for the near future.
The social media giant, Facebook had announced that the company has reached 100 % renewable energy. The company also added on saying that it has achieved net zero emissions for its global operations.
Andrew Hines who is the co-founder and the chief commercial officer at CleanMax has said that they have always strived to develop innovative solutions which will help their clients to achieve their 100 per cent renewable ambitions.
He also added on saying that given the constraints in sourcing power to many facilities, CleanMax is working with certain forward thinking corporations such as Facebook which will help them find creative solutions to these problems.
Urvi Parekh also added on saying that Facebook is committed towards upholding the highest standards in the environment. This is to ensure environmental sustainability across all aspects of their operations.
FAQ
What is renewable energy and examples?
Renewable energy, often referred to as clean energy, comes from natural sources or processes that are constantly replenished. For example, sunlight or wind keep shining and blowing, even if their availability depends on time and weather.
Is renewable energy the future?
Renewable energy is expected to make up 30 percent of the world’s energy by 2024, according to the International Energy Agency, and most of this is driven by solar and wind projects.
What is the best source of renewable energy?
Wind Energy, Hydropower, Solar, and Geothermal are some of the best source of renewable energy.
Conclusion
We will be able to see a lot more projects coming up in the future with the partnership of Facebook and CleanMax regarding the development of renewable energy in India and across the world.
Jio has become a prominent market in today’s India. It is growing up on a daily basis and are trying to explore different ventures. Well, it is the best time to become a part of such an outgrowing organization.
RIL (Reliance India Limited) has come up with a new venture and have entered the e-commerce world with JioMart. It can create a buzz in the e-commerce market and can become helpful for small vendors and businessman.
JioMart retailer can be a good option as it is creating a prominent competition in this field too. Ruling over the telecom sector now Jio has become a trusted brand and with these new ventures they are trying to create an ecosystem for the customers which will make the customers life much easier.
With the introduction of Reliance JioMart, every grocery shop owner want to collaborate with them. And this is obvious how come one won’t be desired of becoming a partner with a billionaire firm. But in order to do there are some company standards like adequate finance, sufficient infrastructure and so on , which need to be followed if someone wants to collaborate with them.
So, if you are meeting with all those required standards Jio Mart can be joined through Partnercentral Jioconnect. You just need to visit partnercentral.jioconnect and to intimate them just by clicking on “I’m Interested” and fill the required columns.
What Exactly Is Jio Mart?
Jio mart has come up with a different approach to sell the products of the retailers which are close to our houses. Giving a great amount of competition to Amazon and Flipkart.
Amazon and Flipkart have been delivering either their own product or from different sellers which are not so close to our location due to which it takes a lot of time to reach our homes. Well, Jio Mart have decided that it will help all the MSME’s and local shops by making them a Jio Mart Retailer and they can provide delivery services in lesser amount of time.
Jio Mart has been launched on 24th May 2020
Jio Mart has just entered into the ecommerce market and can become a game changer here. Well, while all the small businesses going down because of this pandemic, with the help of Facebook, RIL has come forward to help them stand on their feets again.
Jio Mart stated that, “Our focus will be India’s 60 million micro, small and medium businesses, 120 million farmers, 30 million small merchants and millions of small and medium enterprises in the informal sector,”. This statement was given when they had the deal with Facebook few months ago, Facebook getting nearly 10 percent of share of Reliance Jio.
It started with the cities of Maharashtra namely Thane, Kalyan and Navi Mumbai and started to expand in the metro cities where it is easily accessible and necessary at this time of covid pandemic and providing the essential services.
Now, Jio Mart serves in around 200 cities in India. Customers can check the serviceability of their area by selecting pin code while placing the order.
Who Can Apply For Jio Mart
JioMart has launched itself in the market to compete with companies like Flipkart Fresh, Grofers, BigBasket and Amazon Pantry. They are targetting the grocery sector first as according to the present situation customer is only aiming for basic requirements which are needed for the daily processes.
So, JioMart have started it by getting in contact with the local vendors, Kirana stores, Dairy stores and those who basically are providing groceries on a daily basis.
People who are in the distribution business are eligible for JioMart and can easily become a retailer.
How To Become A Jio Mart Retailer
Jio Mart Retailer Can be easily accessed by retailers and can get benefits
By few simple and easy steps you can become a Jio Mart retailer.
Log into partnercentral.jioconnect website link through your web browser. (There will be many different fake links but try to log into the original one.)
Then click on to the retailer bar and go on to click on I Am Interested.
Then fill up your necessary details on the page that will open up.
After filling up the necessary details, you can click on submit and you have created your Jio Mart Retailer account.
An Indian Citizenship, Proof of address is required and a trusted shop certificate is also required. Here are some of the necessary documents required:
These proofs would be enough for the documentation process.
Benefits of Jio Mart Retailing
Local stores can get access to lots of benefits after getting connected with the Jio Mart and can grow up their business by following ways:
They will get increased numbers of orders as people will prefer buying from them as compared to the sellers who provide from far off places.
They can reach to a large extent of customer base and can help them expand in due course of time
Providing the product at what the customer wants will help make them gain more trust and sell more.
FAQs
Who is the owner of Jio Mart?
Mukesh Ambani is the owner of Jio Mart.
How to become a Jio Mart retailer?
To be a Reliance Jio Mart Retailer, go to partnercentral.jioconnect > Retailer > Become A Retailer > I am Interested > My Details > Submit.
Your Jio Mart Retailer account will be created. You will need, PAN Card Aadhar Card, Shop GST Certificate, Passport size photographs, and Address Proof details for verification purpose.
Can I sell my product on JioMart?
Shopkeepers can register their shops on JioMart website and App to list their products with prices and offers.
Alan Joseph
