Council to monitor finance charter

first_img7 October 2004Finance Minister Trevor Manuel has announced the establishment of a 21-member council that will review and monitor the implementation of the black economic empowerment (BEE) goals set out in the financial services charter.The council, made up of representatives of various organisations in the financial sector, was formed in September following behind-the-scenes horse-trading.The Financial Services Charter Council will consist of 21 representatives, six from industry associations, three from the Association of Black Securities and Investment Professionals, and four each from the government, community associations, and labour.Two of the four government representatives in the council will be drawn from the National Treasury, while the Department of Trade and Industry and the Presidency will each have one representative.The announcement follows a meeting between the government and representatives from the different constituencies to resolve the council’s composition.The council is the first of its kind to be established since the government launched its BEE strategy, which encourages different economic sectors to voluntarily draw up their own charters to measure BEE targets.The financial services charter was launched in October last year, and the sector has since been grappling with the establishment of an independent body to oversee the charter’s implementation.Manuel said the council would meet four times a year, with its first session scheduled for 11 October.Manuel noted that though the council’s composition would not please everybody, its formation was “an achievement”. The formation of the council was in the best interest of the country, he said, and the process needed to be nurtured.Derek Muller of the Banking Council said the model was not ideal considering the large number of people involved in the industry. He added, however: “I don’t think you can experience an ideal model … I think all of us collectively agree this is a workable model, though there are concerns.”Kenny Bungane, representing the Association of Black Securities and Investment Professionals, said the council was a starting point and would provide much-needed energy “to test ourselves on how the sector is transforming”.Source: BuaNewslast_img read more

Cabinet meets to map out programme of action

first_img11 June 2014The first lekgotla (special meeting) of South Africa’s newly appointed Cabinet got under way in Pretoria on Tuesday, bringing together ministers, provincial premiers and other senior officials to map out the government’s programme of action for the year.The three-day meeting is being chaired by Deputy President Cyril Ramaphosa in the absence of President Jacob Zuma, who was ordered by his doctors to take a few days’ rest following his hospitalisation for medical check-ups over the weekend.Zuma will outline the new administration’s programme for the year in his State of the Nation address to Parliament on Tuesday, 17 June.Speaking to reporters shortly before the start of Tuesday’s meeting, Minister in the Presidency Jeff Radebe said the main items on the agenda were the National Development Plan (NDP), the government’s medium-term strategic framework, and the ongoing mining strike on South Africa’s platinum belt.Radebe said the Cabinet ministers would look to the NDP as well as the African National Congress’s (ANC’s) election manifesto when drawing up the government’s programme of action.He added that the Cabinet would pay special attention to the issues of local government service delivery, unemployment, poverty and inequality“Our president is deeply concerned about the protests that have been happening around the country. We are going to make sure that we go into those areas with concrete responses.”Radebe said the long-running strike in South Africa’s platinum mining sector had had a debilitating effect on the economy.Members of the Association of Mineworkers and Construction Union (Amcu) downed tools on 23 January, demanding a basic monthly salary of R12 500. So far, the industry and employees have lost billions of rands in earnings and forfeited wages.Two weeks ago, the government to set up a special task team to facilitate negotiations between the unions and mining companies. On Monday, however, Mineral Resources Minister Ngoako Ramatlhodi pulled the team out of the negotiations, putting the onus on the companies and unions to find common ground.Radebe said the impact of the strike showed that the mining sector still played a major role in the country’s economy. “We need to ensure that we encourage the resolutions of the strike so that we can begin with the implementation of the NDP.”Regarding President Zuma’s health, Radebe said the Deputy President was in constant touch with Zuma.“The President is improving. The Deputy President has reported to us that he is resting to ensure that he is ready for the State of the Nation address next week.”Zuma’s office said he had met with all his new ministers and deputy ministers in May, to go over policy priorities and his expectations of them.Source: SAnews.gov.zalast_img read more

Voice Command – New Era of Alexa Based Online Shopping

first_imgSneak, tap and order — a lengthy process for Online Shopping? Now, say Alexa buy me this product, and Alexa will shop it for you?This Alexa process is not a fantasy — now you can shop your products with your simple voice command.If this selection is not from a past order, Alexa will even help you decide on new products to buy, if you choose to shop the new stuff.Amazon and Google sold 27 million voice devices in the U.S. as researched by Consumer Intelligence Research Partners. Overview found that 29 percent of Echo and Google Home owners tended to shop through voice. Forty-one percent more shoppers are planning to do the same in the future.Walmart and Google also collaborated with this. Google Assistant can also examine your buy history and ask, “Would you like to reorder a pen set for $2.99?” It can likewise propose you buy floss at a rebate. Hey, use your a single word reaction, “yup,” and you’re finished.Video Source: Amazon YouTube ChannelVoice Command Represents a Massive Shift for e-Commerce MarketResearch demonstrates that four out of five purchasing clients depend on their mobile phones instead of a webapp. A more significant amount of retail and ecommerce dealers receives voice inquiry to finish online undertakings. People are begging for voice command ecommerce services. Echo is changing to a better voice command shopping experience all around.With voice-actuated shopping, brands can fabricate devotion while offering more. Amazon Prime Day is the perfect illustration for it. Let’s assume you’re a brand that offers natural face pack at a premium. By what means will anybody discover your item through voice to get some information about it? Yes, this is possible, Alexa responds to “What’s my Deals.” Isn’t that WOW!Alexa lets you DO all with SHOPPING.Voice AI stills feels like a novelty when Amazon added shopping functionality to it. Originally it was the Amazon Prime clients that requested they add the Alexa capabilities. Alexa looks through the client request history and puts. Siri and Google Assistant are catching up to offer their own particular capacities. Our mobile phones and virtual assistants can help us get our work done quicker. And all we want is the items that our voice assistant can get for us.Amazon comprehends something central about every one of us: We are sluggish. The less demanding it is to tap the “BUY” catch, the more Amazon will offer. To this end, Amazon has given us Amazon Prime, a single tick shopping and the Dash button to enable us to buy.Alexa makes it Much Simpler.Reordering.Alexa can draw on your current request history on Amazon. Suppose you’ve purchased a particular kind of AA battery from Amazon before. Alexa will enable you to reorder that item through “Alexa, reorder the product” voice command. Alexa will request that you affirm the request.New items.If it’s something new, Alexa will recommend an “Amazon Choice” item that meets the depiction. If you like the recommendation, you can affirm the decision and your request will be set.Add to cart.If you’re a little uncertain about the arrangement, you can request Alexa to add an item to shopping cart. What if the thing you include is non-exclusive like “A set of batteries”? Then Amazon will offer extra decisions in the classification.Deals.Ask Alexa about your daily deals, and she was pop-up with your special deals details for the day.Cancel or track order.Not only shopping, but Alexa can even cancel and track your package. All you need is to say is “Alexa, cancel my order, or Alexa, where’s my stuff for canceling and tracking?” Image Source: AmazonWant to order with Alexa but unaware of how to configure with your mobile? Look here.Alexa Voice Shopping Report.Technology news updates are telling us that Alexa isn’t being used as much for shopping yet. Per the information — out of about 50 million Alexa users — only about 100,000 shop something from voice interface more than once.Only two percent tried to shop through Alexa. Most don’t even know that this is possible. But, now you do know that you can do ecommerce based ordering — saving many hours. Most of the initial fixes are now in place making a better experience.Fix to Issues.1. Accidental or unauthorized purchases.Alexa is not always perfect. Yes, I’ve been frustrated too — when she may mishear the command. There are possibilities that she may pick up some other items — but this is rare. To avoid an error: Click ordering is especially the functionality implemented by Amazon for Alexa based shopping.Set a 4-digit number passcode to your Echo to avoid the unwanted orders. While placing the order, Alexa will ask for the passcode to confirm before placing the order. The good news is random orders can be returned — but the passcode will circumvent this error.2. Privacy concerns.Amazon users share their personal information on their accounts. But Alexa is quick to analyze your order history, wishlist and so on. Even the payment of card details shared with Amazon Pay for quick payments.With Alexa, it can check your pre-orders of a similar kind of products. This reordering is a convenience. Also, sharing the information is beneficiary too for a quick pick of products.3. Double-check order.Picking from Amazon App or Website is simple and easy with tons of convenience. But when it is with Alexa, it may mishear or misinterpret your pronunciation. To double check your orders on the new or unusual things that you order. Don’t let Alexa place the order until you feel solid about ordering. Rather, add the item to your cart and later confirm.4. Being a shopaholic.If you are becoming a shopaholic and you do not wish to be one. Take your card option off of Alexa. Stop.Now, all set to fill your cart?Prepare to shop with your Amazon Echo. Don’t hesitant — give it a shot. The convenience cannot be overstated. To have these items dispatched to your home with only a couple of words is so helpful.A Few Final Words.Alexa is not limited to Amazon; it also includes all other e-commerce platforms. Alexa is possible with Voice command based shopping for all ecommerce that is set up for this process.What about setting up an online ecommerce place from your retail site to make a place for yourself in this new technology wave? Maybe your own ecommerce website needs to be Alexa Echo enabled?Time almost stands still when you are buying your favorite bag at Nordstrom from an online store with voice command. You can practically see the health benefits to both business and shoppers. Vikash Kumar working as a Marketer at Tatvasoft.com, it’s a software development & android app development company. He generally likes to share his technical views on different technical aspects. Related Posts Vikash Kumar Tags:#Alexa#Amazon#Amazon Alexa#chat-bot#ecommerce#retail-ecommerce#Shop Follow the Puck What it Takes to Build a Highly Secure FinTech … AI is Not the Holy Grail of Sales, at Least Not… Why IoT Apps are Eating Device Interfaceslast_img read more

M.P. Congress MLA booked for ‘inciting people to set ablaze police station’

first_imgCongress MLA Shakuntala Khatik has been booked on the charge of inciting people to set ablaze a police station during violent protests by farmers in Madhya Pradesh.A video, which recently went viral, purportedly showed Ms. Khatik indulging in the act.The video was shot on June 8, 2017 when Ms. Khatik, who represents the Karera Assembly segment in Shivpuri district, was staging a protest at the Karera Police Station against the killing of farmers in police firing Mandsaur.Karera’s Sub-Divisional Officer of Police (SDOP) Anurag Sujania said an FIR was registered against Ms. Khatik, block Congress president Venus Goyal and others early Tuesday.They were booked under IPC sections pertaining to rioting, unlawful assembly, punishment for obscene acts or words in public and assault or criminal force to deter a public servant from discharging his duty, he said.During the June 8 protest, an effigy of Chief Minister Shivraj Singh Chouhan was burnt. The police poured water on it to douse the flames, in which the woman legislator got partially drenched.This irked Ms. Khatik, who later sat on a protest at the police station along with her supporters and the video was shot during the sit-in. The video showed the MLA purportedly asking her supporters to set the police station on fire.The farmers’ protest in Madhya Pradesh that began on June 1, 2017 took a violent turn on June 6 when five farmers were killed in police firing in Mandsaur district.Subsequently, the farmers’ protests witnessed a bandh and arson as the agitation spread to other western Madhya Pradesh districts, including Neemuch, Dhar, Ratlam and Jhabua.Mr. Chouhan launched a fast in Bhopal on Saturday with an appeal for peace and met farmers’ leaders.However, he ended his fast on Sunday, saying peace has returned to the State. Before ending the fast, he assured people that those involved in the deaths of farmers in Mandsaur would be punished severely.last_img read more

Federer not keen on his kids following in footsteps

first_imgRoger Federer. APRoger Federer says he’s a big believer in kids playing sport, but he’s not keen on his own children following in his footsteps.The Swiss great and wife Mirka had identical twins Myla Rose and Charlene Riva in 2009 and another set came along five years later, Leo and Lenny. ADVERTISEMENT They are occasionally seen watching their dad ply his trade, but after years travelling the world on the tennis tour, the 36-year-old would prefer not to have to do it all over again.“I mean, I hope they don’t just because we don’t need another 25 years on tour,” he said at the Australian Open when asked if he would encourage them to be professional players.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutBut he added: “No, I’m just a supportive parent. I can’t tell which direction they’re going to go. “If there’s going to be anything in sports or somewhere in finance or business, I have no idea where they’re going to go. All I know is I’ll be incredibly supportive of them.” MOST READ Suarez Navarro rallies into Open quarterfinal Kammuri turning to super typhoon less likely but possible — Pagasa “I think it’s great for them to do sports early on in their life. I think it’s good for them,” he said.“Winning, losing, that comes a little bit later, but you learn a lot from that. I did anyway. I think also you make a lot of friends through sports.“You get to know yourself a bit better. It’s healthy. You move around. You go outside. I’m a big believer in these things.” Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH 2 ‘newbie’ drug pushers fall in Lucena sting Slow and steady hope for near-extinct Bangladesh tortoises NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers Don’t miss out on the latest news and information. John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding View comments Brace for potentially devastating typhoon approaching PH – NDRRMC Typhoon Kammuri accelerates, gains strength en route to PH He did reveal they already play tennis, not because he has been encouraging them, but because their friends all do and he doesn’t want them to feel left out.“I’m happy they all do play tennis a little bit because basically literally all our friends who have kids as well, they all play tennis,” he said. “I wouldn’t want my kids to be the only ones who don’t play tennis, so with my wife we have sort of a little requirement on things they have to do in their life, and tennis is unfortunately one of them. “It’s not because we want them to. It’s because I think it would be a pity if they played no tennis at all.”Despite the reluctance for his children to follow in his footsteps, Federer, who is chasing a 20th Grand Slam in Melbourne, is a great believer in kids playing sport more generally, believing it can teach them a lot.ADVERTISEMENT Read Next Trending Articles PLAY LIST 00:50Trending Articles04:59DOH: Breastfeeding, proper knowledge of child feeding can combat malnutrition00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City LATEST STORIESlast_img read more

Hundreds of expensive CWG gizmos go missing

first_imgEight months after the Commonwealth Games, skeletons continue to tumble out of the taint-ridden Organising Committee’s closet.The stock-taking of the assets purchased for the October 2010 Games has thrown up an endless list of expensive gizmos that were purchased but are now untraceable.The OC officials are finding it difficult to fix the exact worth of these gizmos as the files pertaining to their purchase are also missing.As many as 125 laptops, 45 television sets, including 33 LCDs, 25 desktops and over 40 DVD players are found to be missing. The list of missing gadgets is endless. “About 580 mobile phones issued during the Games can’t be traced, as is the case with 15 missing printers, two scanners, 10 microwave ovens, 80 web cameras which were installed on desktops, 10 projectors and 110 phone sets used for internet facility at the venues. Someone has even taken away about 80 pedestal fans from our possession,” OC chief executive officer Jarnail Singh said.Even the plaques, which were to be gifted to the heads of the Commonwealth Federation, were not spared. As many as 180 plaques were designed at a cost of Rs 23 lakh.Today the OC can account for only 89 of them. As they were not gifted to any representative of the Commonwealth Federation, the OC officials were perplexed about the fate of the remaining 91 plaques. The OC officials realised that the plaques had been stolen only when one of their consultants was caught carting it away on a close circuit TV camera. The consultant was later confronted and the plaque retrieved.The disclosure made by the OC chief to Mail Today part of the report being prepared for the Union sports ministry which will present it to the Cabinet at the monsoon session of Parliament.advertisementThe missing inventory is apart from what the Prime Minister appointed V. K. Shunglu Committee has pointed out in its report about the irregularities in giving of CWG contracts and the corruption trail being probed by the Enforcement Directorate and the CBI. Senior officials claimed that the “missing inventory” does not include furniture, which would be more in numbers than what has been disclosed so far.”Unlike government offices, we never kept a record of our furniture, nor did we number it according to the year of purchase. It’s a poor asset management, which has been repeatedly pointed out by the audit teams of sports ministry since 2006. But we failed to correct ourselves,” a senior officer of the OC’s finance wing, said.The OC CEO Singh said, “We can’t even claim back our own furniture because we don’t have proper records of that, nor can we put its worth in rupees as we don’t know in which year it was bought.” The ministry’s audit team would be doing the final exercise very soon. But it would be a messy affair still as there would be many missing links as usual, Singh said.”We are preparing this official note where we are going to present the correct picture to the ministry and also admit that tracing the missing stocks is beyond our capacity,” a senior OC official said.There is something more baffling for the OC officials as they try to bring the shutters down at 1 Jai Singh Road, the OC headquarters.”A lot of our stocks is not matching the purchases in account books as we get ready for our last audit. Besides the list we have prepared for the ministry, there were a lot of items purchased between 2006 and 2008 in the run- up to the 2010 Games and the Commonwealth Youth Games in Pune. A lot of these items are missing in our current stocks and mostly got misplaced or stolen when OC headquarters shifted to its present address,” another senior OC official said.The OC’s poor asset management and lack of proper stock verification exercises in the five years leading to the Games is reflected in what OC officials have to face daily. Contractors and vendors make a beeline to the OC headquarters almost daily to claim payment of bills for the logistics support they provided during the Games.”The problem is that the official files do not have the bills while officials within the OC authenticate their claims. We do not even have those logistics to allow for the payment. At the same time the account books cannot be completed without settling these claims,” the official said.These are mostly small vendors who did the contract in the range of Rs 5 lakh to Rs 10 lakh and may are approaching the court to settle their claims, he added.advertisementNo one in the OC is able to resolve the mystery of missing gizmos, files and bills. Perhaps the jailed OC chairman Suresh Kalmadi and his henchmen would be able to do it.For more news on India, click here.For more news on Business, click here.For more news on Movies, click here.For more news on Sports, click here.last_img read more

First day, first blow! Team India fined for slow over rate in opening match of the season

first_imgIndia beat Sri Lanka by 21 runs in their opening fixture of the season on Saturday, but some of the sheen was taken off the victory less than 24 hours later when the team was adjudged guilty of not bowling its overs in time. Mahendra Singh Dhoni and his team-mates were fined by the match referee for maintaining a slow over-rate during Saturday night’s game. The Indian skipper was fined 20 per cent of his match fee, while each of his players lost 10 per cent of their earnings from the day.Slow over rate has been a recurring problem for India in recent times and the issue resurfacing in the first match of the season is certainly not a good sign for the Men in Blue.Alarmingly, India failed to maintain their over rate even though the spinners bowled as many as 20 overs.Team India, and Dhoni in particular, will now have to carefully watch their over rate as repeated breaches of the rule over a 12-month period can result in a suspension for the captain.last_img read more