NEWS INSIGHT

August,2018
MANAGEMENT
EDUCATION AND
RESEARCH INSTITUTE
 FINANCE
Lenders can mine Rs 15 trillion business
from digital lending to MSMEs over the
next five years: Survey

According to a study jointly conducted by BCG, Ficci and

IBA, currently, digital lending to MSMEs accounts for only 5
per cent of total lending to the sector and can increase to
21 per cent over the next five years.
SBI charges for non maintenance of
minimum balance unfair:Report

According to finance ministry data, SBI collected Rs

24.34 billion for the financial year 2017 in a penalty on non-
maintenance of minimum balance alone.The report also
said that the bank should reverse the penalties collected in
FY 17 for non-maintenance of minimum balance, in order to
"not get portrayed as exploitative for the past year..
 MARKETING
Qualcomm, MediaTek eye India's
Internet of Things market

NEW DELHI: US-based chipmaker Qualcomm and

Taiwan’s MediaTek are betting big on India’s internet
of things (IoT) market and working with various device
makers and telecom service providers to drive the IoT
ecosystem in India, focusing especially on the narrow-
band IoT (NB-IoT) segment.
Maruti Suzuki aims to reclaim
number 1 spot with new Ciaz

BENGALURU: MarutiNSE 0.43 % Suzuki on Monday

launched the new Ciaz with an aim to wrest back the
No.1 spot in the country’s mid-size sedan
segment. Taking the price-value equation to the next
level, the company priced the new car aggressively at
Rs 8.19-10.97 lakh exshowroom pan-India. The new
Ciaz is cheaper by Rs 50,000-2.5 lakh to the Honda City
and Rs 1-2 lakh to the Hyundai Verna.
 HUMAN RESOURCE
RBI staff to go on mass leave on
September 4, 5 over pension issues

The United Forum of Reserve Bank Officers and

Employees announced that its members will go on
mass casual leave on September 4 and 5, pressing
their long-pending demands over pension-related
issues.
Global alliance to create 50 mn job,
10 mn entrepreneurs in India by
2030

A group of Indian and international partners on Tuesday

announced the formation of a coalition that aims to catalyse a
mass entrepreneurship movement in India with the aim of
creating 10 million new entrepreneurs and 50 million new jobs by
2030. The coalition, called Global Alliance
Mass Entrepreneurship (GAME), has received initial funding
commitment of Rs 1 billion over three years from several Indian
and global donors, a statement from GAME said.
INTERNATIONAL
BUSINESS
Pepsi buying SodaStream for $3.2 bn in bid
to tap healthier drinks market

PepsiCo on Monday said it was buying Israeli company

SodaStream for USD 3.2 billion as the US beverage
giant contends with falling demand for sugar-laden soft
drinks among health-conscious consumers.
'We cannot afford this': Malaysia
pushes back on China's big project

BEIJING — Malaysian Prime Minister

Mahathir Mohamad announced that he will
shelve two major infrastructure projects by
Chinese companies for being too expensive for
his debt-ridden country.
MENTORS
Mrs.Mansi Saxena

EDITORS
Krishnendu S
And
Pooja Singh