Prime Minister Narendra Modi launched three digital platforms in Singapore in a ‘Business, Innovation and community event’. The three digital platforms that were introduced were BHIM, RuPay and State Bank of India app. RuPay is linked to Singapore’s system through the network of international transfers (NETS). Payments can now be made across Singapore using the access points of NETS. People of Singapore can make online transactions using merchant websites which are linked to national payment corporation of India. SBI’s Singapore branch launched a rupee remittance mode which is connected to unified payments interface (UPI). This will facilitate cross-border trade between the two countries. Also, any customer at SBI Singapore branch having a savings bank account can transfer money up to 1 lakh. The indirect international effect of this digitalisation is the ‘Ease of doing business’ in India.

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https://www.businessinsider.in/three-indian-digital-payment-platforms-go-international-with-their-singapore-launch/articleshow/64417032.cms   

Reserve bank of India’s monetary policy committee which met on 6th June, 2018 framed its bi-monthly policy. It had hiked the repo rate by 25 basis points which stands at 6.25%. The reverse repo rate has also risen to 6%. This will lead to rise in interest rates on loans given by commercial banks and hence the borrowers will be impacted badly. There could also be a rise in marginal based lending rate (MCLR) soon. The existing borrowers can compare the different lending rates by the banks (lenders) and hence can transfer their home loans on calculation of their savings. The new borrowers shouldn’t wait for a rate cut because the central bank will increase the rates in the coming future. They can borrow under Pradhan Mantri Awas Yojana(PMAY). It will offer an interest subsidy based on the income level of a person.

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Source- https://economictimes.indiatimes.com/wealth/personal-finance-news/rbi-hikes-repo-rate-by-0-25-home-loans-set-to-become-costly/articleshow/64464121.cms 

The way of tracking our health needs has changed over time. Technology has brought many devices which will manage and track health-related issues. The health trackers are useful for both the parties, the patients and the doctors. Data tracking devices like Apple watch or Fitbit tracks anything and everything from sleeping concerns to running schedules or walking. Hence, this kind of artificial intelligence in these devices help provide solutions to the health problems. These devices has helped fill-in the gap of huge spaces required for keeping records by hospitals. The rise in the number of apps of health trackers helps to provide a better picture of a patient’s health concern. Thus, the data tracking technology is a blessing in disguise.

For more information, visit:  

https://insidebigdata.com/2018/06/05/advancements-health-related-data-tracking/