Author: blogger
Changing Landscape of Financial System Ajay Singh Chief Executive Officer Forbes Technosys Ltd
-The Forbes platforms is highly efficient can be readily linked with the Aadhaar Enabled Payment System,- says Ajay Singh. In Conversation with Mohd Ujaley.
You have a strong focus on BFSI sector. How do you look at some of the key flagship programmes of the government such as Direct Benefit Transfer (DBT) and MNREGA? Forbes Technosys Ltd has a wide range of solutions for BFSI sector, all of which are designed with latest technology and by ensuring security standards that are in line with the changing landscape of banking and financial systems. To facilitate the cause of Financial Inclusion, MNREGA and DBT, we have developed an entire range of both centralised and doorstep delivery solutions, which can be utilised depending upon the requirements of the government, and the accessibility related factors in the remote areas. Forbes has installed centralised delivery solutions, which aim to provide solar energy to the rural areas and also provide wide range of banking and other services. A large number of other government schemes can also be linked through these solutions, thereby increasing the viability of these solutions. We are also delivering doorstep solutions which are specially designed for use by BCs in remote areas to provide basic banking services. To increase the scalability of Forbes Solution range, all the Forbes platforms have been provided with multifactor authentication systems, which can be readily linked with the Aadhaar Enabled Payment System (AEPS).
You have been working for the government for quite some time now. How has been your experience? Other than BFSI domain, we are catering to sectors like power and telecom. We have deployed self service bill payment kiosks in almost all the major power utilities and telecom companies.More than `1000 Crores is being collected annually through our systems. Forbes Technosys has Government (DGS&D) certified information kiosks and various G2C (Government to Citizen) kiosks, which are deployed at various Municipal Corporation and Government departments like Tourism, etc. Our ATVM (Automatic Ticket Vending Machines) and POET (Passenger Operated Enquiry Terminals) machines are active in majority of metro railway stations. Forbes Technosys has developed Enterprise Mobility solutions and Canteen Management applications. We cater to many PSUs, which have large employee base. We have also developed HR leave management solutions and tourism kiosk. These kiosks can act as point of information and action for employees of those organisations and also for the visitors. Forbes has also developed cash and cheque collection solutions for insurance companies, and tax departments. For environmental awareness, Forbes also has developed Carbon Footprint Kiosks, which are placed at various government institutions, thereby offering a unique experience to visitor, for calculating his Carbon footprint and making him aware for reducing these. We have developed self-service solutions, through which citizens can interact with the government departments.
In order to facilitate financial inclusion of people from remote areas across the country, government has developed the plan to introduce micro-ATM and Business Correspondents. Do you see this space as a business opportunity? As a first step towards driving these unbanked masses into the banking stream government is looking for various initiatives like micro-ATM, Business Correspondents, etc. This is indeed a noble initiative and it will help in bringing more transparency in the way financial subsidies are managed. However, the system has its own constraints. In my opinion, the best possible way to check leakages and ensure safety of the payment system is through Electronic Cash Transfer. In this case the beneficiary gets access to his entitlement only after authenticating himself through the Aadhaar Enabled Payment System.
Aadhaar is indeed a revolutionary step forward, however de-duplication of the data seems to be the biggest challenge. What is the best way forward? The data captured through the Aadhaar System should be linked with different government organisations like banks, NIC, Police department, Municipal Corporation, RTO etc., for maximum advantage. The data captured should be fragmented and disseminated to the involved government departments. The government should also promote and deploy self service platforms and solutions, which are based on biometric authentication along with user account details, this will certainly lead to more efficiency and transparency.
Home Appliances – a indispensible part of our life When it comes to home appliances there are numerous types of them which are available in the market and there are many new which are being worked on. These appliances have made life very easy, thanks to the remarkable advancement in the field of technology. These appliances have made sure that our domestic life is stress free and there are minimum hazards when it comes to keeping things in order. Over the years various new appliances have been introduced to the market. Dish washer for an example, who would have thought that there can be a device which can clean all the dishes in your home. Al you need to do is to follow certain instructions and you are done! Washing machine is another example; previously it used to be a really hectic task to wash clothes. Imagine you have to wash three o four jeans trousers, and then rinse them. It used to take a lot of time and at the same time it was very laborious. With the advent of washing machine this part has been taken care of, now all you need to do is to dump all your dirty clothes inside the machine, add some detergent, open the water supply, and then turn on the machine; that’s it, all your clothes will be washed after a certain point of time. Having known what difference these home appliances have brought about to our daily life, it is very important to make sure that they are in proper shape and are up and running. One thing must be remembered that most of these appliances are mechanical and electronic devices and they are likely to get faulty after a certain point of time. When any of your appliances get out of order, life can be very troublesome indeed. I any of your appliances go out of order, then the only option you have is to go for appliance repairs. There are numerous repairing agencies and service centers available; however it is always advisable that you made the right choice when it comes to selection of vendors. If you are not sure on who to approach, then you can get in touch with the brand, they have their own servicing department and they will take care of your appliance repairs. Washer – a common home appliance Washers are indeed one of the most common home appliances to be found. When I say washers, I mean washing machines. These appliances have made life very simple for us. It is all about turning on the system and you are done. When your washer goes faulty, life can be really very difficult. In such a case the only option you have is to do a washer repairs. There are many agencies and service centers who take does washer repairs. They have the expert technicians and they will make sure that your system is up and running.
This little book is helping thousands of people to make more money, save more money, and get out of debt faster. It’s based on sound financial principles that are EASY to follow – anyone can do it. It is a tiny little book, written in common language for regular people like you and me. If you have a 6th grade education, you can read it and understand it. If you have four years of college, or you’re a doctor, attorney, or a successful actor or musician, don’t think that this doesn’t apply to you – There areplenty of very successful known people in plenty of financial pain. Um…Peter included.
This is financial help for doctors, financial help for attorneys, financial help for janitors, financial help for engineers, financial help for plumbers, financial help for high schoolers, financial help for college students, financial help for retirees – whatever your stage of life or present financial condition, you will learn enough to pay for this book 10 times over … Fast.
Peter wrote this book after going through terrible financial times and enduring all the misery that goes along with it. He or any Debtor knows what it’s like to have creditors calling your home over and over, all day, every day. They know that knot in the pit of your stomach when you can’t pay all the bills, and the banks call and threaten to take your home and your car, garnish your wages, maybe even threaten to take your kids! They make you feel awful. And they’re REALLY good at it.
They know the embarrassment of investing tens of thousands of dollars in a college education and hundreds of thousands of dollars in a business, then to have nothing but debt to show for it. They know the frustration of being in that pressure cooker with no way out.
But there is a way out. And you can do it.
Peter will even challenge you to count how many ways the book gives you to save and grow your money (hint: it’s a lot more than 100).
Why doesone need THIS book, when there are lots of other quality books and programs already out there? Well… If you’ll read a 2-inch thick book and go through a 13-week course, go for it. Peter can highly recommend Dave Ramsey’s Financial Peace University and he personally leads FPU groups.
There are other gurus and courses as well – the 13-week Crown Financial course, Loral Langemeier’s Millionaire Maker program, Clark Howard, SuzeOrman, Robert Kiyosaki’s Rich Dad – all of these people are knowledgeable advisors. Some, like Dave Ramsey, have even been through a lot of financial pain and can identify with yours. But where those courses teach great theory and concepts, Peter’s book drills down into the daily steps.100 Ways to save and Grow Your Money: Financial Fitness for Regular People … Is fast, good medicine for regular people. It gives you the nuts and bolts, the “how-to” for making those programs work in your daily life.
Are you busy? Most everybody is. This is a tiny book you can read in a couple of evenings. If you read slowly, taking your time and highlighting the sections that are most important to you, it might take a week. But it will be FUN! And you can put one or two ideas into motion right away. If you’ll just do that, you’ll have many times the small cost of this book in your pocket within a few weeks.
Do you have less than a high school education? If you read at a sixth grade level, you can understand this book and put it to use today.
Do you have a college degree, even an advanced degree? But none of those classes taught you how to handle the slippery fish that is money. The concepts in this book will transform your life by enabling you to keep your money and grow it Big.
Do you feel like a tiny book is beneath your education, status in life, reputation, time commitments, ego, or the brand of car that you drive (making payments)? There was a time when Peter Sorrells thought so, too. How is that working for you? Trust this little book to help you exchange debt for cash, exchange liabilities for assets, and exchange worry and stress for… Peace.
Peace inside, peace in your marriage, peace in your home.
Are you a go-getter working your way up the corporate ladder or striving for success in your own business? None of it will matter if you lose your health, your soul, or your marriage in the process. Read this little book and learn how to hold onto your money and whatever else is important to you.
As best-selling author Steve Chandler says about 100 ways to save and grow your money: “Don’t spend one more day worrying about money…get this book and see how fun and easy it is to put your life in order and be in charge of your prosperity and security once again.”
Are you currently working through Financial Peace University, Crown Financial, Loral Langemeier’s Millionaire series, Rich Dad, or any other course? You STILL need this little book. Dave Ramsey will teach you to run like a gazelle… Crown will teach you the spiritual aspects of money… Loral will teach you how to build a million…But how, exactly, in your day-to-day life, do you do that? What are the daily mechanics of saving and growing money?
Like these: Where can I save on gas? Where do I get coupons for groceries? How can I watch movies for free? What should I know & do about my credit cards? How do I change my thinking so I can really make this happen?
Enter, 100 Ways to Save and Grow Your Money. It’s a great partner to whichever program you’re using now. And if you’re not on a formal program – it will give you the tools to do this on your own.
What are others saying about this book?
-Pete Sorrells has developed a great little book that I wish everyone would read. 100 Ways to save and Grow Your Money is a resource that will continue to pay long-term dividends for anyone who seeks to improve their financial health and wellbeing.- – Dave Briggs Director – Enrich Financial Ministries, Central Christian Church of Arizona
We are living in a world where businesses bloom. The economy is the one thats keeping a certain country alive. Its also a time where corporations are doing their best to maintain and uphold their names in the industry. One of the key factors that determine the success of such institutions is their financial status. How they control the money thats coming in and out of their companies can determine the success or failure of their entity. Without the right financial services management, a certain company might end failing all its operations.
However, financial management isnt just about keeping and updating financial records. Its a work thats not supposed to be taken for granted and left to someone whos not capable of handling it. There are certain elements that should be involved in the entire process like planning, organizing, proper control and monitoring the resources to reach certain financial goals.
When financial management is done the right way, it will be coming with long term benefits. Thats the reason why your organization should never take these things away. Heres a list of great reasons why should ask the help of an established financial services consultancy.
One is that it with their experience and connections to other organizations, they can create a very efficient source and use of different financial resources. Since certain financial services management experts are well trained and experienced, they just know what to do with your situation and they can create solutions to problems you might be having without so much hardship.
Second would be that they can help you attain your financial goals without so much of hard time. Since they have all the knowledge thats needed, goals are easily attained whether it be a long or short term. Third would be that proper financial management will impress your organizations donors and stakeholders. A satisfied donor will give more and its a plus to your company or organization.
Fourth, certain funding institutions will respect and become confident in your companys ability to survive. It will also put a smile to your partner agencies and sister organizations. Fifth, since competition is high especially in this modern world, with the help of an experienced financial management services, you may eventually gain access even to limited sources.
And lastly, all of these things are just for short term basis. Your real goal for having the proper financial management services is sustainability and reaching your long term goals. Surviving the chaotic world of business and organizations needs a sound and stable finances and once you have established it the right way, it will be easier to conquer any kind of market or industry.
National Institute of Securities Markets (NISM) is a public trust, established by the Securities and Exchange Board of India (SEBI), the regulator for securities markets in India. It is located in Navi Mumbai, India. Towards accomplishing the desire of Government of India and vision of SEBI, NISM has launched an effort to deliver financial and securities education at various levels and across various segments in India and abroad. To implement its objectives, NISM has established six distinct schools to cater the educational needs of various constituencies such as investor, issuers, intermediaries, regulatory staff, policy makers, academia and future professionals of securities markets. NISM seeks to add to market quality through educational initiatives. It is an autonomous body governed by its Board of Governors. An international Advisory Council provides strategic guidance to NISM.NISM brings out various publications on securities markets with a view to enhance knowledge levels of participants in the securities industry.
NISM is mandated to develop and implement online test certification for professionals employed in the Indian securities markets. NISM certification tests are designed to deliver financial and securities education at various levels and across various segments. There is no eligibility requirement with regards to age as well as educational qualification to take the NISM exam.
NISM Test or NISM module includes:
NISM-Series-I: Currency Derivatives Certification Examination
NISM-Series-II-A: Registrars to an Issue and Share Transfer Agents Corporate Certification Examination
NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents Mutual Fund Certification Examination
NISM-Series-IV: Interest Rate Derivatives Certification Examination
NISM Series-V A: Mutual Fund Distributors Certification Examination
NISM Series-VI: Depository Operations Certification Examination
NISM-Series-VII: Securities Operations and Risk Management Certification Examination
NISM-Series-VIII: Equity Derivatives Certification Examination
Certified Personal Financial Advisor (CPFA) Examination
The tests aim to impart working knowledge to the candidates on the basics of concerned markets, like currency derivatives markets, interest rate derivative markets, mutual funds, asset management, financial planning, securities market, depository systems, regulatory framework and the ability to analyze and evaluate different financial products and provide effective financial advisory.
Intelivisto, in-line with the objectives of SEBI & NISM, have already started taking different measures for financial education among the masses and budding professionals. These measures are in form of various Securities Market Certification practice tests and Seminars & Workshops on related subject-matters.
Intelivisto.com offers the NISM mock, chapter wise and full length online test for the preparation of NISM exams. Tests designed by Intelivisto experts are as per the parameters set by apex securities market institute NISM. These tests feature 1000 – 1500 questions. Tests carry the same pattern and testing mechanism as set for NISM online tests. Full length tests cover the questions from units in same ratio as set for respective NISM test and analysis of aspirants performance with detailed report at a microscopic level with intelivistos assessment tools.