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Amid PM Modi’s Demonetization Move, Gods come to Rescue the Banks in Andhra Pradesh

Many temples are coming forward to the rescue of banks which have been struggling to meet the needs of the public

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Hundi in a Temple in India, Wikimedia
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Andhra Pradesh, Nov 20, 2016: Several temples in Srikakulam district are depositing hundi collections in banks to help with the hardship of small currency in the wake of Demonetization. From Major to Minor, many temples are coming forward to the rescue of banks which have been struggling to meet the needs of the public.

Under the guidance of N. Chandrababu Naidu, Chief Minister of Andhra Pradesh- the administration of Srikakulam has suggested that all the temples should deposit their hundi collections in the banks where they have accounts, mentioned The Hindu report.

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Sri Suryanarayana Swamy Temple present at Arasavalli collects around Rs. 15 Lakh/month through the Hundi offerings. Other major temple named Sri Kurmam collects approximately Rs. 5 Lakhs, mentioned The Hindu.  About 100 temples such as Sri Mukha Lingam, Endla Mallikarjuna at Ravivlasa, Shiva Balaji, Koteswara Alayam, Vinayaka Panchayatana, Uma Rudra and others gave an assurance to deposit hundi collections as they receive offerings in smaller denominations of Rs. 100, Rs. 50, Rs.20, Rs. 10 and coins

Lakshmi Narasimhan, Collector at Srikukalam told The Hindu, “We directed the Endowment Department to take necessary steps immediately to count the hundi collection and deposit the amount in banks. It certainly eases the stress on the bankers who could not give notes of smaller denominations.” He further added, “We asked the government to provide Rs. 50 and Rs. 100 notes worth of Rs. 100 crore to Srikakulam district. We hope the RBI and departments concerned will respond positively.”

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A POS Machine, Wikimedia
A POS Machine, Wikimedia

Point of Sale (POS) Machines-

Along with this officials have taken steps to keep POS machines in public places such as petrol outlets, Rythu Bazaars, RTC bus-stands and several other places to provide cash to people. POS machines work like ATMs at the public places. User charges will not be collected till December 30, 2016, from the customers who withdraw money from POS machines.

– prepared by Chesta Ahuja, NewsGram.  Twitter: @ahuja_chesta

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  • Diksha Arya

    What a great initiation….

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Microsoft takes ‘Project Sangam’ to Middle East and Africa

"Project Sangam" was commenced from Andhra Pradesh

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Microsoft’s Android Launcher Now Lets You Track Your Kid’s Location and App Usage. (Wikimedia commons)

In a bid to bridge the widening skill gap, Microsoft on Monday announced expansion of the capabilities of its Cloud-powered “Project Sangam” to the Middle East and Africa.

Launched in India by Microsoft CEO Satya Nadella last year, “Project Sangam” is a Cloud-hosted platform that leverages Azure services and professional networking platform LinkedIn to support new entrants to the job market, enabling key stakeholders across the skilling ecosystem find the right talent.

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Microsoft’s Sangam is a cloud-based platform. Wikimedia Commons

“Lack of skilled resources is one of the key issues that governments across the world are facing. There is an enormous scope for technology to come in to address the skill gap that exists in the workforce today,” Anil Bhansali, Corporate Vice President, Cloud & Enterprise, said in a statement.

Nadella launched “Project Sangam” to help the Indian government not only train but also assist people get jobs via LinkedIn that was acquired by the company for $26.2 billion in an all-cash deal in 2016. “Project Sangam” was commenced from Andhra Pradesh.

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“‘Sangam’ is the first project that wields the combined strength of LinkedIn and Microsoft to tackle the challenge of how to provide every person the opportunity to skill themselves,” added Bhansali who is also Managing Director of Microsoft India (R&D) Private Limited. As part of the expansion, Microsoft South Africa and the Gauteng Provincial Government (GPG) have launched “Thint’iMillion”, an online mass learning system.

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The project was first launched in Andhra Pradesh. VOA

Part of the “Tshepo 1Million Digital Mass” learning programme, the “Thint’iMillion” programme will be deployed on “Project Sangam”, allowing young people to access content via an on-phone app (Android only), tablet mode (Windows and Android) as well as an interactive web portal. IANS