Sunday, 05 July 2020 - Imphal Times

IT Correspondent
Mumbai, July 5:

Drawing cash from ATMs is likely to become expensive in view of an anticipated increase in “inter-change charges” (the charge paid by the bank that issues the card) for all transactions over Rs 5,000 carried out on automated teller machines (ATMs) across the country. 
At present the customers can withdraw Rs 10,000 in single transactions and Rs 20,000 in a day from the State Bank of India (SBI) ATMs.  In ICICI Bank, daily withdrawal limit is Rs 50,000 to Rs 1.50 lakh. For other banks the limit for single transaction and daily withdrawal is different from card to card. 
The committee headed by V G Kannan, Chief Executive, Indian Bank Association (IBA), set up by RBI in June 2019, has recommended capping withdrawal from ATMs to Rs 5000 and levy chares for larger amounts. It has recommended an increase of 16 per cent ( Rs 2 to Rs 17) for financial transactions and to Rs 7 from Rs 5 for non-financial transactions, at ATMs in all centres located at places when the population is one million and above. RBI is expected to implement the recommendations of the committee soon. 
For usage of ATMs in the centres located at places with a population of less than one million, the charges should be increased to 24 % on a blended basis..that is Rs 3 to Rs 18 for financial transactions and to Rs 8 from Rs 5 for non-financial transactions, the committee has recommended. 
The committee has noted that, the “interchange” does not cover the complete cost per transaction and as such a via media needs to be arrived at between issuing banks and acquiring banks. Increased transactions are expected to offset the difference in cost per transaction and “weighted average interchange”. Further, the White Label ATMs (WLAs) also should make efforts to increase the number of transactions at their ATMs to bring unit costs down. 
According to the committee, after normalisation average monthly cost of operating an ATM will be in the range of Rs 75,000 to Rs 80,000 per ATM, excluding cassette swap. The blended estimated cost (financial and non-financial transactions both together in ratio of 75:25) per transaction, at 120 average financial transactions per ATM per day, comes in the range of Rs 15.60 to Rs 16.70. Besides, at 130 average financial transactions, it is in the range of Rs 14.50 to Rs 15.40. This is against the existing blended interchange rate of Rs 12.50 (Rs 15 for financial and Rs 5 for non-financial transactions). 
Similarly the cost per transaction for White Label Operators (WLAOs) is higher as their hits per day per ATM are low compared to bank ATMs. The cost of operating ATMs per month may further rise by about 15%, if cassette swap is implemented.
 However despite directions from RBI, over 38,350 ATMs in the country are run on unsupported versions of software or operative systems (OS) of Windows XP, exposing themselves to the risk of frauds and resultant loss.
 In the last three years, the number of debit cards has outpaced the growth of ATMs. With a larger number of people accessing bank accounts, due to various financial inclusion initiatives including the Pradhan Mantri Jan-Dhan Yojana (PMJDY) and direct benefit transfers (DBT), there is an urgent need to increase the number of ATMs, the committee has stated.

Published in News
Sunday, 05 July 2020 17:22

KKL Received Humanitarian Award

IT News

Imphal, July 5:

The humanitarian organization Kuki Kanglai Lawmpi (KKL) whose motto is ‘Helping the Helpless’ was today awarded a “Humanitarian Award” for their remarkable achievement in social and humanitarian works. The award carries a cash prize of Rs 10000 (Ten thousands) and a large plaque. 

The Lawmpi has been striving for humanitarian services for over decades. It is dedicated to helping the people at hard times, serving all the communities in and around Manipur, particularly Churachandpur. 

The first-ever award to KKL was donated and given by Dr. George Thangkholal Haokip. Apart from the award, Dr. Haokip also generously feeds with meat all the inmates at institutional quarantine centers taken care of by KKL.

The award ceremony was held at KKL Complex at Churachandpur and was attended by various CSO leaders, social workers  and cabinet members of KKL.

Published in News

By IT Correspondent
New Delhi/Mumbai:

As a sequel to Indian Government’s ban on 59 Chinese apps, including “Tik Tok”, a Chinese video-sharing social networking service, “Bytedance” the parent company of the “TikTok” and “Helo apps”, could lose up to Rs.45,000 crore. 
Headquartered at Beijing, “Bytedance”, has nearly 126 offices world over including India. The Bytedance (India) Technology Private Limited, an unlisted private company, incorporated on 17 October, 2017 and is located at Bandra Kurla CompleX in North West Mumbai (Maharashtra). 
“ByteDance”, founded in 2012 by Zhang Yiming, used to create short dance, lip-sync, comedy and talent videos. It first launched “Douyin” for the China market in September 2016. According to a report published by China’s state-run media “The Global Times”, “ByteDance”, could lose up to $6 billion, after the Indian government’s decision to ban the apps, citing concerns about privacy and national security of the country. 
The report further said that according to data from “Sensor Tower”, a mobile app analysis company, “TikTok” was downloaded 112 million times in May and people who downloaded the app in India constituted a very high number and even double of that downloaded in USA.
“Global Times” said that “What the Indian government and people have done has dealt a severe blow to the confidence of Chinese investors and traders and the Indian economy could remain subdued for a protracted time under the devastating shocks from the coronavirus outbreak”. 
The violent face-offs on the LAC particularly in Ladakh’s Galwan valley on 15 June-16 June,2020 after an attempt by the Chinese troops to unilaterally change the status quo during the de-escalation has triggered an anti-China sentiment in India. Twenty soldiers were killed in the face-off and Indian intercepts revealed that the Chinese side suffered 43 casualties including dead and seriously injured.
 Union Law, Electronics and Information Technology Minister, Ravi Shankar Prasad said that government has banned apps for safety, security, defence, sovereignty and integrity of India. “For safety, security, defence, sovereignty & integrity of India and to protect data & privacy of people of India the Government has banned 59 mobile apps. Jai Hind!,” he said in a tweet.
On 29 June, Union government, banned 59 apps with China links including TikTok, SHAREit, UC Browser, Baidu map, Helo, Mi Community, Club Factory, WeChat and UC News in view of the information that they were engaged in activities, prejudicial to sovereignty and integrity of India, defence of India, the security of the state and public order. Subsequently Prime Minister Narendra Modi also shut China’s Weibo app account.

Published in News
Sunday, 05 July 2020 17:10

What does moonlight want?

By- Parthajit Borah. 

If I would know  what 
moonlight wants.
I may swing in the cosy womb of Phalguna.
Every careful sights often trouble 
To find me at a long distance.

If I would know what the spring 
says on my ears.
I may sleep at the new leaves 
To  whisper the lost song of my blue tongue.

If I would know what Nymph 
smells at my salty bosom. 
May be the insipid juice of late winter.
Echoes of grief nest a black cabin
To sing the song of late night ethos.

Published in Poem

By- Pakinrichapboÿ Advocate

16th August 2019, a historic day as Nagaland accorded a warm and grand reception program in honour of newly appointed Governor cum Interlocutor R.N. Ravi. Maybe the grandest reception program ever held in Nagaland history in honor of its Governors.
Looking back now, its hardly a surprise to see the current show down between Governor on one side and the Nagaland Government, Naga Political groups and CSOs in opposite side.
If we refresh Governor reception speech, we can mutually conclude that he came to Nagaland with a huge ambitions, unlike his predecessors, he means to do more than discharge his official duties, build a new Nagaland as per Central Govt. version.
Now, lets take a quick glimpse of his reception speech for better understanding of the Governor moves and the effects likely to be felt in the days to come.
Governor Ravi remarked, “that when the country moving at a fast pace, a never seen before pace for growth and development, the country is sending missions to the moon and mars and the inspirational youth are dreaming big because of congenial atmosphere, in the midst of all these it saddens me when our people in Nagaland are craving for basic necessitiesÿfor a good motorable road, good education, access to proper health care, decent employment opportunities, it saddens me all the more because this land is richer in resources than many pasts of the country and the youth is more talented than larger part of the country”.
He further pointed out that the dark shadow of unresolved Naga political issue cast shadow on every aspect of Nagas life. This cloud must go because our people deserve sunshine.
He also said of substantive issues being resolved including powers belong to the people and that people are the masters. On few symbolic issuesÿ options were offered and interlocutors were urged to explore. He also implored on the need to work out the best, dignified honorable solution. Besides the above points, Governor spoke on the Prime Minister expressed need for the peace process to be concluded within time frame of three months and status quo which means the Nagas have to bear the burden of multiple taxations, fear of gun, dreams of Naga youth being choked and suffocated and way out to all these darkness by concluding the peace talks. He lastly assured that Article 371A will not face the same fate of Article 370 as 371A is a solemn commitment and sacred to the people of Nagaland.
In reading the Governor speech, one can can summed up the positive and negative effects in having Shri. R.N. Ravi as the Governor of Nagaland. Where the positive effects and negative effects will be a contradiction in itself for its recipientÿthe Naga tribes.
Positive effectsÿ
As he accurately pointed out the backgrounds of Nagaland, he appears determined to take actions to push Nagaland forward in terms of building infrastructures, reducing government corruptions, increasing employment opportunities for youths, eradicate Naga Armed groups rights to collect taxes and thus push for state economic growth. Having said it, accomplishing it will be a herculean task.
Negative effects:
The writing on the wall is clear now for National national workers and the public, whether we wish to see it or not. That as political analyst Sangeeta Barooah Pisharoty pointed out in her article, ÿHas Governor Ravi’s Bid to Assert Control Jeopardized the Naga Peace Accord?, The Wire, 30.06.2020 ) that the past peace accords between the Centre and the armed groups and agitation leaders in Northeast have been of three broad kind, she put Naga peace talk in the third categoryÿthe Centre factionalizes its potential interlocutor before bring some groups to the table and tiring them out through a long peace process-during which their networks and sources of funding are weakened- so that a watered down peace accord may be handed over for an honorary exit. In some cases, agreement may be not be necessary at all. It may prod some leaders to join state politics instead (ULFA- pro-talks, Kuki groups in Manipur etc). For good or worse, the fate of Nagaland will be decided by the decisions of the NPGs.
Governor’s letter dated 16th June may be the first move for now, but final checkmate to Nagaland government and NPGs is just a matter of time from now.
Almost one year before Nagaland Govt., NPGs and some CSOs register opposition to governor’s letter conveying to invoke provisions of Article 371A (1) (2), Sangeeta Barooah Pisharoty had hinted governor might try take the charge of maintaining law and order as Governor is bestowed with power by the said article to over rule Chief Minister to maintain law and order. (With J&K status revoked, alarm bell rings in Nagaland, The Wire, 09.08.19).
In the face of such political fiasco, the common man lives on unperturbed by the looming dark clouds or sunshine.

Published in Guest Column

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