innovationinbanking

NHAI Toll Gate – Where is your vehicle stuck? Before or After 100 Metres           It is now official, Flashback to 2018, certain videos on the internet that said one need not pay toll tax if they have been waiting behind the yellow line at a booth. There was no clarity what is the Yellow Line, which resulted in several skirmishes. The ground staff were mostly ignorant of the Yellow Line and the vehicle users could not show any official document about the Yellow Line. This has now changed. Ministry of Road Transport & Highways vide Press Release @ https://www.pib.gov.in/PressReleasePage.aspx?PRID=1721963 , notified the first set of Yellow Line guidelines The highlights of the Press Release are :- Heading - National Highways Authority of India takes steps to ensure waiting time should not be more than 10 seconds per vehicle at toll plazas Objective – To ensure service time of not more than 10 seconds per vehicle even duri...

  Dunzo Pay Later powered by LazyPay – 7 Benefits Dunzo has a presence in Bangalore, Mumbai, Gurgaon, Delhi, Hyderabad, Pune, Chennai, & Jaipur. Folks residing in the above cities, within serviceable areas can download Dunzo App and avail the various services offered by Dunzo. As per Dunzo website, it offers the following services Quote   Dunzo is a 24x7 delivery app that delivers anything to your doorstep in 30 minutes. Grocery shopping or food delivery, Dunzo is the only delivery app you'll ever need. - Go online grocery shopping at local stores near you - Get food delivery from top restaurants in the city - Get medicines delivery from local chemists near you - Send packages anywhere within the city - Book a bike ride to go anywhere within the city 
 Unquote Dunzo has multiple payment options, which the Dunzo customer can view while completing the transaction. The pain point was the cart abandonment by Dunzo customers as the final payment invo...

  Reserve Bank of India announces the Issue price of Sovereign Gold Bond Scheme 2021-22 Series I           Reserve Bank of India vide Press Release dt May 14, 2021 announced the SGB 2021-22 Series I issuance rate. The base notification for the same is GoI notification F.No.4(5)-B(W&M)/2021 and RBI press release dated May 12, 2021, the Sovereign Gold Bond Scheme 2021-22 – Series I will be open for subscription for the period from May 17, 2021 to May 21, 2021. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period, i.e. May 11, May 12 and May 14, 2021 (May 13, 2021 being a holiday) works out to ₹4,777/- (Rupees Four thousand seven hundred and seventy-seven only) per gram of gold. There will be a discount of ₹ 50/- per gram less than the nom...

  Goibibo gets its own UPI Handle           Hearty congratulations to Goibibo for having an own UPI Handle i.e Goibibo@icici             TPAP - Goibibo@icici PSP Banks - ICICI bank          Handle Name -    @icici           Three distinct entities are part of the Ibibo Group i.e Goibibo, MakeMyTrip and RedBus.in All the three are in travel and hospitality sector. This means every day large number of visitors drop on to the websites and transact for their requirements.           This means there is a need for seamless Payment modes. And, here, UPI clearly fills the bill. Ibibo Group is an online travel organisation founded in January 2007 by Ashish Kashyap. The company is a subsidiary of MakeMyTrip Limited, which owns a 100% stake in...

Drone Delivery of Vaccines move from VLOS to BVLOS           The government  of Telangana has received 1year exemption from Unmanned Aircraft System {UAS) Rules, 2021.           Vide an Office Order dt 7 th May, 2021, Ministry of Aviation, Government of India granted partial exemption from UAS Rules 2021, for conducting experimental BVLOS drone flights for vaccine delivery. The aim is to provide last mile Healthcare access. Trails by Telangana Government are expected to start by end of May 2021. The Central Government is providing a conditional exemption for experimental drone flights for vaccine delivery as part of constant endeavor to enhance the scope of drone usage in the country and assist the nation to fight COVID-19 pandemic. Ministry of Civil Aviation (MoCA) & Directorate General of Civil Aviation (DGCA)have granted a conditional exemption to the Government of Telangana for conducting exp...