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President to lay foundation stone for Dr B R Ambedkar School of Economics in Bengaluru

In the first phase for the construction of the building, an amount of rs. 150 crore has been approved by the state government

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The President Pranab Mukherjee, wikimedia
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New Delhi, April 13, 2017: On Friday, President Pranab Mukherjee will lay the foundation stone for the Dr B R Ambedkar School of Economics at Bengaluru.

The President is scheduled to be in Ahmednagar, Maharasthra on April 15 after visiting Karnataka. There the President’s Standard Award will be given away to the Armoured Corps Centre and School, an official statement mentioned, mentioned PTI.

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In the first phase of the construction of the building, an amount of rs. 150 crore has been approved by the state government. According to reports, the proposed institution is modelled on the London School of Economics.

The institution will include the main administrative block, three seminar halls, residential accommodation for regular faculty, hostel for students and auditorium.

The school is scheduled to commence from the academic year 2017-18.

– prepared by Durba Mandal of NewsGram. Twitter: @dubumerang

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Swiggy to use digital payments for delivery fleet

Founded in 2014, Swiggy aims to "change the way India eats" and is currently operational in cities like New Delhi, Gurugram, Mumbai, Pune, Kolkata, Bengaluru, Hyderabad and Chennai among a few others

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  • Swiggy is an online food ordering platform
  • It will now allow digital payments for delivery feet
  • this method will prevent any leakage in cash payment process

Online food ordering and delivery platform Swiggy on Monday said it would use privately-run ICICI Bank to allow its delivery fleet to make digital payments.

“Through the use of Unified Payment Interface (UPI)-based solution for instant fund transfers and automated cash deposit machines at ICICI Bank branches and ATMs across the country, the delivery fleet will have a hassle-free way of transferring funds,” the company said in a statement. Swiggy operates with a fleet of over 20,000 delivery persons delivering food from over 25,000 restaurants across 12 cities.

These digital payments will prevent leakage in cash payments. Wikimedia Commons

With cash-on-delivery being a widely used method of payment on the platform, the digital payment methods allow the delivery men to quickly transfer the funds to Swiggy, saving their time, according to the statement.

“With the delivery fleet being the backbone of Swiggy, the adoption of the digital payment solutions will support the ease of operations and save their time and thousands of kilometres of travel,” said the company’s Chief Financial Officer (CFO) Rahul Bothra in the statement. The digital payment methods will also help in preventing any cash leakages, the company said.

Also Read: Rise Of Digital Media Unstoppable: Experts 

Founded in 2014, Swiggy aims to “change the way India eats” and is currently operational in cities like New Delhi, Gurugram, Mumbai, Pune, Kolkata, Bengaluru, Hyderabad and Chennai among a few others. IANS