Aspiring Chartered Accountants Launch India’s First Chat-Based ‘JJ Tax App’- Tempemail – Blog – 10 minute

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Aspiring chartered accountants Mehak Malik and Leesha Arya teamed up to launch JJ Tax App – a chat-based tax app on May 26, 2020. This app offers a wide range of solutions in taxation and allied services to customers, offering real-time solutions by tax experts.
With the motto of ‘Done Fast Done Right’, this team is all set to simplify taxation for new-age millennials, who prefer online communication rather than face-to-face meetings with tax experts. It is particularly relevant in the present scenario of social distancing measures, where digital solutions are fast-replacing the traditional in-person meetings across all industries.
Co-founders Mehak and Leesha are currently undergoing articleship training at JJ Associates Chartered Accountants and have been mentored by the CEO of this leading tax firm – CA J. Jambukeswaran, who has more than 30 years of experience in the field of taxation, audit, accounts, investment advisory and related financial matters.
Ahead of the launch, CA J. Jambukeswaran said, “Mehak and Leesha always believed in innovation and digitalizing tax solutions. Their dedication and belief led to the inception of this real-time chat-based app, where the focus is on offering personalized and reliable solutions in a timely fashion, while keeping customised tax requirements of everyone in mind.”
This app has a secured platform, and is a one-stop solution for diverse customer segments, not just from India but also overseas. It can be easily downloaded from Play store, post which users can choose their memberships, as per their income slabs. The iOS version of the app will also be released later this week.
JJ Tax offers 5 memberships, as per taxation requirements, which include Silver for those with salary and other income up to Rs. 25 lakhs, Gold for those with income above Rs. 25 lakhs but without GST registration, Platinum for businesses with GST registration, Dollar for Non-residents who can also reap benefits of this app through this membership and Diamond for Non-individuals.
The next phase of development in the app will introduce multi-lingual support, digital voice assistants, and a host of online tax-related classes and subjects

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Qualcomm commits $1.5mn to India’s fight against COVID-19- Tempemail – Blog – 10 minute

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Qualcomm India has announced a financial aid of $1.5 million (approximately Rs 11.3 crore) to help India tackle the spread of COVID-19. The contributions will be made towards PM CARES Fund, and multiple relief and public healthcare infrastructure initiatives, the chip-making giant said.
The public healthcare infrastructure efforts include enabling broader availability of COVID-19 test kits, preventive health screening, helping front-line police forces and healthcare workers with sanitization and personal protective equipment as well as relief work supporting feeding the needy and at-risk in various regions across India.
“We are living in unprecedented times and the need of the hour is for all of us to come together and stand as a united force in fighting this pandemic,” Rajen Vagadia, Vice President, Qualcomm India Pvt. Ltd. and President, Qualcomm India and Saarc.
“As a community, we will need to continue to work together to create solutions that address future challenges with insight and compassion.”
Qualcomm India has also committed to match employees’ personal donations towards COVID-19 relief funds, with a matching contribution to the PM CARES Fund through its “Charitable Match Programme”.

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Qualcomm India commits $1.5 Million to support India’s Fight Against COVID-19- Tempemail – Blog – 10 minute

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Qualcomm India Private Limited (Qualcomm India) announced a financial aid of $1.5 Million in India to help tackle the spread of COVID-19. The contributions will be made towards PM CARES Fund, and multiple relief and public healthcare infrastructure initiatives.
The public healthcare infrastructure efforts include enabling broader availability of COVID-19 test kits, preventive health screening, helping front-line police forces and healthcare workers with sanitization and personal protective equipment as well as relief work supporting feeding the needy and at-risk in various regions across India.
“We are living in unprecedented times and the need of the hour is for all of us to come together and stand as a united force in fighting this pandemic. We have immense appreciation and gratitude towards all the frontline and essential services workers, across segments, who have been consistently risking their lives over the last few weeks and continue to ensure Indians are safe and provided for during this crisis. Our contribution is a small gesture of support at this time of crisis. As a community, we will need to continue to work together to create solutions that address future challenges with insight and compassion.” said Rajen Vagadia, Vice President, Qualcomm India Private Limited and President, Qualcomm India & SAARC.
In addition, Qualcomm India employees, in their individual capacity have been active contributors towards various community outreach and relief efforts, including personal contributions.
“We are very proud of our many employees who are devoting both time and resources to give back to their communities, as well as contributing towards technology driven solutions. In all this, we continue to support and encourage our teams in their initiatives.” added Rajen.
Qualcomm India has also committed to match employees’ personal donations towards COVID-19 relief funds, with a matching contribution to the PM CARES Fund through its Charitable Match Program.

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Telecom sector enabling 35% of India’s GDP in COVID-19 times- Tempemail – Blog – 10 minute

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As the telecom players ensured their networks were up and running to meet the unprecedented surge in demand during lockdown times, the sector is currently enabling 30-35 per cent of the GDP in the COVID-19 lockdown and social distancing period, other than the present 6 per cent direct contribution to the GDP, a new report has said.
The new normal will see increase in enablement through telecom as the sector braved the conditions to keep the networks up and implement necessary changes on-the-go to augment capacities due to unprecedented increase in the demand for digital services enabled by telecommunications.
According to the report prepared by research firm techARC in collaboration with the the Cellular Operators Association of India (COAI), the telecom leaders saluted the central government as well as the state governments for providing all support to the industry during these tough times.
“With the timely intervention of the Department of Telecommunications and coordination with various state and local authorities, the defunct BTS (base transceiver station) sites were brought down from 800 to 70, increasing the capacities substantially,” said Rajan S Mathews, DG, COAI.
Applications like tele-medicine, e-education, drone surveillance and Industry 4.0 are going to see a surge in consumption, along with new technologies like 5G and IoT taking more significant roles in the near future, thus aiding the new normal.
“We swiftly extended all global best practices and learnings to the India telecom ecosystem by realigning the portfolio on the three principles of Secure, Scale and Stimulate, giving the operator community an immediate resolution of the challenges and linking them with the likely future requirements,” said Amit Marwah, Head of Marketing and Corporate Affairs for Nokia India, during the first virtual techFLIX special series.
The leading industry experts said that many of the patterns and trends that have emerged during the pandemic situation are going to stay and the telecom sector needs to get prepared for that.
“While connectivity and apps are available to the consumers, device fulfilment is a challenge impacting the productivity of people directly,” said Sachin Kalantri, Senior Director, Product Marketing, Qualcomm India.
According to the report the government must look into the requests of the sector empowering them to serve the customers more efficiently.
“Going forward, technologies like 5G shall play a vital role in further enhancing work from anywhere experience,” said Faisal Kawoosa, Founder & Chief Analyst, techARC.

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India’s cyber centre says Zoom ‘not a safe platform’ – Security – Cloud – Software- Tempemail – Blog – 10 minute

India said on Thursday videoconferencing software Zoom is “not a safe platform”, joining other countries that have expressed concern about the security of an application that has become hugely popular worldwide during the coronavirus lockdown.
US-based Zoom Video Communications has apologised for security flaws and says it is working to fix them.
Problems have included “Zoombombing”, when uninvited users gatecrash a video conference.
Taiwan and Germany have already curbed the use of Zoom, while Google banned the desktop version from corporate laptops this month.
“Zoom is a not a safe platform,” the Cyber Coordination Centre (CyCord) of India’s ministry of home affairs said in a 16-page advisory.
The government body also provided guidelines on how to avoid unauthorized users from carrying out malicious acts while using the tool.
A Zoom spokesman said the company was in talks with governments around the world and was “focused on providing the information they need to make informed decisions about their policies”.
The company founder and CEO Eric Yuan earlier this month apologised for what he called falling short of “the community’s – and our own – privacy and security expectations.”
The company was dedicating resources to identify and fix the issues, he added.
Zoom has enjoyed a surge in usage since the virus outbreak began, as millions of people use it to stay connected while isolating themselves.
In March it had about 200 million people using its system every day, up from 10 million last year.
“Before Zoom’s explosive growth, there were a few key cybersecurity precautions that were overlooked,” said Logan Kipp, director at cybersecurity firm SiteLock.
“From the get-go, there should have been stronger encryption methods in place and perhaps additional consideration about third-party data sharing,” he said.
Zoom’s mobile app saw a sharp surge in downloads in India as the country enforced a nationwide lockdown late last month to curb the spread of the coronavirus.
Even some Indian government officials have held discussions with industry executives to discuss coronavirus relief measures via Zoom.
One media report this week said the Indian government was advising its ministers not to use third-party software for sensitive meetings.

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Coronavirus outbreak can be a turning point in India’s journey towards a cashless economy- Tempemail – Blog – 10 minute

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By
Rohit Kumar, CEO & Co-Founder, Xpay.Life Pvt. Ltd.
The novel coronavirus (COVID-19) pandemic is expected to be upheaval our society in an irreversible manner. The deadly virus has already infected nearly 8,00,000 people worldwide and claimed the lives of many, and the toll is only rising. India has registered 1,300+ coronavirus cases so far, raising alarm over the country’s ability to contain a full-fledged outbreak. However, the authorities have put in place strict restrictions including travel bans, cancellation of flights, trains and buses, and a 21-day nationwide lockdown. 
India urges citizens to take the digital route
The Government of India is also urging its citizens to take certain precautionary steps to break the cycle of transmission. Among other measures, people are encouraged to eschew cash for a more sanitary option, i.e. digital modes of payment. Although there’s no concrete evidence suggesting COVID-10 is transmittable through paper money, cash is identified as a possible carrier of the virus. In a tweet, Prime Minister Narendra Modi said, “This is the time to ensure social distancing. Digital payments help you do that. Let’s listen to these stalwarts and adopt digital payments,” while stressing the importance of avoiding any physical contact. The Finance Ministry and banks, too, have been nudging people to use e-payment tools in wake of the coronavirus crisis. As such, many public and private sector banks are waving off charges for digital transactions for the time being. The Indian Banks’ Association (IBA) has also asked customers to use digital banking services and avoid visiting physical bank branches as it could pose a health risk to banks’ front desk staff. 
Can India become a completely cashless economy? 
The RBI’s Payment And Settlement  Systems In India: Vision – 2019-2021, aims to transform India into a cash-lite economy while ensuring that the country has a secure ‘state-of-the-art’ payment and settlement system. The discussions around India becoming a cashless economy have been around a while, but the coronavirus pandemic is expected to bring a permanent shift from cash to digital payments. With new cases being reported every day, it is high time that the entire country jolts out from traditional methods of payments and plunges into the digital payment ecosystem. 
Previously, a similar disruption was caused by the implementation of the demonetization. After Prime Minister Narendra Modi put a ban on old 500 and 1,000 rupee notes with immediate effect, India witnessed a sharp spike in the adoption of e-banking, mobile banking as well as UPI-based payment platforms. Demonetization of high-value currencies is still considered a major turning point for India’s digital payment landscape as it marked the beginning of a new era for FinTech in India. Today, as the country grapples with the virus outbreak, it’s anticipated that more and more Indians will take the digital route as a safety measure. Not just bank transactions, they will use e-payment solutions to pay their utility bills as well. 
Of course, the challenge lies in bringing people from the country’s hinterlands into this equation, but new-age FinTech players leveraging cutting-edge technologies such as blockchain, artificial intelligence, machine learning and mobility to bring the digital payment facilities to the underserved. While the pandemic may last for months, India’s transition into a cashless economy is likely to be smooth on the back of such technology-led advancements. 

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Bione launches India’s first COVID-19 home screening test kit- Tempemail – Blog – 10 minute

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Bione has recently launched a rapid COVID-19 at-home Screening test kit and has established itself as the first healthcare company in India to achieve the feat. The easy-to-use kit displays accurate results within minutes, instrumental in the timely screening of the deadly virus. The at-home screening kit is available for sale on their platform bione.in after approval from the requisite medical regulatory authorities.
In a breakthrough development, the Biotech company has devised the screening kit for coronavirus which can provide respite from the impending fear of the contagion. The simple point-of-care home screening kit renders quick results, without having to step out in the wake of lockdown. It will foster timely detection of the disease while acting as a preventive tool for others in proximity to the user, by isolating the carrier immediately. The kit is priced between INR 2000-3000/- depending upon the global supply, to increase its affordability for the masses. Under normal circumstances, the ready-to-use kits can be received within 2-3 days of placing the order at their platform. An effective screening tool for mass screening, the organisation is also in talks to provide bulk orders for early detection.
COVID-19 Screening test kit is an IgG & IgM based tool which takes 5-10 minutes to deliver the results. Upon receiving the kit, the user is required to clean their finger with an alcohol swab and use the lancet provided to finger-prick. The cartridge provided reads the results from the blood sample thus obtained, within 5-10 minutes.
The products have been sourced from our worldwide CE and FDA approved partners and are brought to market after stringent quality controls have been ensured. The kits are approved by ICMR and will be deployed in the market after proper quality checks and assurance. The company is in the process of getting approval for more USFDA partners.
Speaking on the launch, Dr Surendra Chikara, CEO, Bione said, “We had been tracking the pandemic and pooled in a lot of time, resources and attention in our mission to develop a tool effective in curbing the outbreak. COVID-19 Home Screening test kit has emerged as a breakthrough product in such unprecedented times. By bringing down the result time, we are looking to make an impact and help India fight COVID-19. We strongly believe that the government’s support is pivotal in leading a revolution against coronavirus.”
The organisation is well-equipped to supply 20,000 kits per week and intends to build its manufacturing facilities in the coming months to sufficiently cater to the high demand. Currently, the kits are experiencing a worldwide upsurge in demand especially from the US, Italy, Spain etc. due to lack of coronavirus testing solutions in the market. It is noteworthy that the screening is done at the patient’s end, eliminating the need for a physical laboratory which helps minimise the contraction of COVID-19.
Bione was founded in 2019 in Bengaluru by Dr Surendra K Chikara, who is a world-renowned genomicist, and the first person to bring NGS sequencing in India. It is India’s first-and-only organisation offering personalised Genetic and Microbiome testing services. The organisation has the laurel of being India’s first direct-to-consumer genetic and microbiome testing service and is actively working towards boosting preventive healthcare and increasing life expectancy in India. The company had earlier developed a Microbiome test kit to check gut dysbiosis and also genetic tests to predict susceptibility to contagious diseases such as COVID-19, based on their genetic makeup. The data analysed by proprietary Bioinformatics Bione Platform and results combined with tailored recommendations, are helpful in taking preventive measures and in fighting off coronavirus. The stand-alone COVID-19 Rapid At-Home Screening test kit is a reliable screening tool against coronavirus.
Irrespective of the results of COVID-19 Screening kit, Bione urges people to undergo a laboratory test if someone shows the symptoms of coronavirus. An immediate and thorough follow-up on the positive test results is required.

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Entrepreneur First Introduces 5 Innovative Startups to India’s Best Investors- Tempemail – Blog – 10 minute

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Entrepreneur First (EF), a UK-based global talent investor unveiled their Online Demo Day, a virtual version of their India Demo Day, for the second cohort of startups from Bangalore. This first-of-its-kind Online Demo Day has unveiled 9 exceptional founders and their 5 deep tech startups using cutting-edge technologies such as AI, IoT, robotics and computer vision. EF decided three weeks ago to switch to an online-only format, given the ongoing global coronavirus pandemic. And even without the usual meet and greet format of a physical event, virtual office hours have already been booked with leading investors across the country. https://www.joinef.com/BA2/
 “While the format of today’s Demo Day event may have changed, the focus remains the same – introducing the globally important companies of the future to India’s best investors. Entrepreneur First believes that with the right support, one talented individual has the potential to fundamentally change the way an entire industry operates – which is perhaps even more important in this period of global upheaval. Today’s launch reaffirms Entrepreneur First’s role in promoting the use of innovative deep technologies across a wide range of sectors – including robotics, healthcare and real estate – and the huge response from investors already is evidence of the fact that they are willing to back innovative, high-growth tech startups through difficult times,” said Matt Clifford, Co-founder and CEO, Entrepreneur First.
The startups showcased solutions ranging from AI for land investing, to early detection of chronic kidney disease; automatic video creation from text, to fresh food grading. The common thread through all these companies was the use of new age technologies such as AI, IoT and computer vision.
Following are the startups that were showcased:

Healium Digital Healthcare – Critical healthcare problems blended with cutting edge technology is what took the shape of Healium Digital Healthcare. They have developed a new software that detects Chronic Kidney Diseases (CKD), 10 years earlier than any existing tests
Real Analytics – The startup aims to address challenges in the real estate sector. It applies computer vision and data science to integrate over 150 sources of data including satellite images to provide market intelligence and connect land investors with landowners
Recreate AI – With the growing preference of video content, Recreate AI worked on an idea to reduce time and cost of video creation. The startup used a combination of Natural Language Programming (NLP) and computer vision to automatically generate videos from plain text at the click of a button.
Unbox Robotics – Recently funded Unbox Robotics, is building a robotics solution for parcel sortation in warehouses. This logistics automation system will enable ecommerce and online shopping players to automate and improve their operations with limited space and capital
QZense – This startup is building an IoT solution for quick & accurate grading of fresh food with a unique combination of proprietary infrared and olfaction sensors.

Speaking about the startups from the second cohort, Esha Tiwary, General Manager, India at Entrepreneur First said,“We are extremely proud of the founders from our second cohort in India and the exciting innovative businesses they are building. Their strength is their ability to match their unique technical knowledge and deep business skills to real world problems. This is a time of great macroeconomic upheaval, but these companies are showing real grit in the face of adversity. EF is uniquely positioned to connect such talented, resilient tech founders with the investor community.”

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India’s huge outsourcing industry struggles with work-from-home scenario – Strategy- Tempemail – Blog – 10 minute

As the coronavirus pandemic pushes India into lockdown, the call centres and IT services firms that function as the world’s back office are struggling to piece together work-from-home solutions and other business-continuity plans.
Prime Minister Narendra Modi on Tuesday ordered 1.3 billion Indians to stay at home for 21 days to stem the spread of COVID-19, following earlier lockdown orders in many Indian cities and states. As of Tuesday, India had reported over 500 cases of the virus and nine deaths.
Many of the companies that provide business services such as call centres, information technology services and business process automation were not prepared for work-for-home arrangements, according to interviews with more than a dozen employees of several companies.
That raises questions about whether one of India’s showpiece industries can function smoothly amid the coronavirus crisis.
“The industry has been scrambling to set up its own business continuity plan,” said R. Chandrashekhar, a retired federal government official and a former president of India’s IT services lobby group, NASSCOM.
In the southern tech hub of Bengaluru, an employee working at a JPMorgan call centre said that until last Friday, her managers had repeatedly declined staffers’ pleas to work from home.
“Even if I am infected with the virus, I know the death rate for young people isn’t very high, but I am very very scared that I might transfer it to family,” she said on condition of anonymity, as she was not authorised to speak to the media.
After a state government order, JPMorgan on Sunday asked its Bengaluru staff to “stay at home until further notice,” according to a message to employees seen by Reuters.
In some cases, companies must seek client permission before allowing employees to work on sensitive projects outside the office, a senior human resources executive at a top Indian IT firm said of working remotely.
“These days the challenge is not really the technology, the challenge is the regulations, and, in case something goes wrong, who’s going to take the responsibility,” the person said on condition of anonymity.
Software services firms, led by Tata Consultancy Services and Infosys , gained prominence by giving Western clients low-cost solutions to routine computer problems. Over time, they assumed a major role at many global companies.
Three employees of midsize IT services firm Mphasis in the western Indian city of Pune said they were all being asked to come to the office until last Friday, even as some expressed concerns about working in close proximity with roughly 90 other people.
Maharashtra state, where Pune is located, had imposed restrictions on private company employees going to offices in an effort to curb the spread of the virus. But it made exemptions for essential services including some IT companies.
During the past week, security guards barred employees from venturing outside one of the Mphasis offices in Pune to avoid attracting the police, fearing a forced shutdown, two employees said, declining to be named as they were not authorised to speak to the media.
One said a human resources executive told him not to wear a mask as it would “panic people who come to work”.
As Maharashtra enforced a curfew starting Monday, some Mphasis employees were being asked to remain home this week, even though they lacked equipment such as laptops, the employees said.
Mphasis said in a statement that not all of its staff were working remotely. But the company said it was speaking with clients and trying to enable as many people as possible to work from home while ensuring employee safety.
An employee of French tele-services provider Teleperformance on the outskirts of Delhi said his company had been reluctant to let staff work from home.
But he said employees were finally told Sunday the company would begin installing corporate desktop computers at their homes after a wider lockdown in several cities.
JPMorgan and Teleperformace did not respond to requests for comment.
Some have been able to make a temporary and quick transition to the work-from-home scenario.
Qualcomm, the world’s biggest supplier of “modem” chips that connect mobile phones and other devices to wireless data networks, said about 90 percent of its workforce in India was able log in to work-from-home since the lockdown started in the country.
“I can tell you that in the last 24 hours 90 percent of Qualcomm’s workforce in India logged in, indicating that our employees have been pivoted well to working from home”, a Qualcomm spokeswoman said in an emailed statement.
India’s home ministry, in guidelines issued on Tuesday, advised states to exempt essential IT and IT-enabled services from the national lockdown.
NASSCOM, the lobbying group, said several states had listed IT and e-commerce among essential services that are exempt.

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India’s first-ever AI summit postponed due to coronavirus- Tempemail – Blog – 10 minute

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The Indian government has announced to postpone the country’s first summit on Artificial Intelligence (AI) that was scheduled to be held in the Capital in October amid the growing new coronavirus (COVID-19) pandemic.
Titled, ”RAISE 2020 (Responsible AI for Social Empowerment 2020),” the summit on October 5-6 was announced as a global meeting of minds to exchange ideas and charter a course to use AI for social transformation, inclusion and empowerment in key areas like healthcare, agriculture, education and smart mobility, among other sectors.
“The registrations are open for all participants and the process will remain the same as before. All AI startups are welcome to participate through the same procedure for the Startup Pitchfest,” said Abhishek Singh, President and CEO, Tempemail e-Governance Division (NeGD), the Ministry of Electronics and Information Technology (MeitY).
“The step to postpone the summit is a public health measure for containment and mitigation of the current COVID-19 outbreak,” he added.
The ”Startup Pitchfest” is a platform for startups to showcase their ideas for use of AI in accelerating social transformation, inclusion and empowerment.
The summit aims to create a data-rich environment as India has the potential to be the world”s leading AI laboratory that can eventually transform lives globally.

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