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Agriculture Sector Gives Positive Growth Despite GPD Contraction

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India is the fifth-largest economy in the world. In the FY 2020-21 first quarter, it is the second-worst performer in the COVID-19 pandemic. Notably, its agriculture sector is giving a positive outlook despite the 23.9% in its GDP contraction. The contraction was due to the lockdown weighing on declining investments and consumer demands. 

It is the Indian economy’s parabolic downturn since the people stopped spending as soon as the country went into lockdown. It is resulting in a standstill of goods and services within the country. However, there will be a sharp increase as soon as we find a coronavirus solution, stated Prasanna Roa, MD of Arya Collateral (1). 

The agriculture sector alone is showing positive growth with a share of 18% in GDP. It is a bright spot for the rural economy. The farm sector there is growing at 3.4% in the quarter yearly. 

Could Agriculture Sector Pull India from its Economic Stagnation?

The agriculture sector in India is still growing and may not pull the economy from its stagnation. There is no other option during the trying times where people are locked in their homes and spending only on essentials. 

Roa added that there might a way to channel economic fundamentals. The growth of the country may fall back in its place with the stimulus announcement and public expenditure. 

As per the latest GDP data, the agriculture sector is the only segment to show positive growth. There is a growth of 3.4% in April-June 2020 GVA (Gross Value Added) compared to April-June 2019 in the farm, forestry, and fishing. 

The initiatives of the honorable Prime Minister Narendra Modi for Atma Nirbhar Bharat have given a boost and confidence in people for local products and processings. It also gave much-needed confidence in the farm sector. 

As per Roa, the demand for products in India and people’s spending is what defines the GDP of India. There is a growth in the farm sector, but there is a slowdown in the overall demand. Even though the production is happening, the agriculture sector may get adverse effects in the upcoming months if the situation does not improve, and demand keeps shrinking. Post COVID-19, it is a challenge to endeavor and bridge the gaps for farmers when it comes to managing logistics and securing finances as soon as possible. 


Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She’s currently working as a content writer and is always interested in a challenge.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

Note: If you buy something via a link on this page, we might earn a small commission on it.

Source: https://timesnext.com/agriculture-sector-gives-positive-growth/

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Paytm App Down From Google Play Store

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Earlier today, Google has pulled the Paytm app (1), India’s financial service giant, from its Play Store. The move came after the company said that the app had violated its gambling payment policies. Notably, Paytm is India’s most valued start with over 50 million monthly active users, as per claims. Its primary app allows users to transfer funds, make payments, and store their money in the Paytm wallet for future purchases. 

Google recently announced its policy update states that its Play Store’s policies prohibit online casinos and other unregulated gambling apps as they may facilitate sports betting in India. The move came a day before the mega tournament for cricket, IPL, Indian Premier League starts. As per reports, Paytm has violated these policies repeatedly.

Paytm Ejection from Google Play Store

The paytm also offers users to make investments via Paytm Money besides payment. Google also has similar guidelines for its Play Store in other regions. The move to pull down Paytm from its app store comes because of the regulations related to app redirecting. The redirecting was to external websites that would allow users to participate in the paid tournament that would allow them to win real prizes and cash.

In India, sports betting is banned in almost every form except for horse racing and other events. However, the illegal market reaches its peak around significant tournaments such as IPL. Notably, it is a significant event for several Indian fantasy sports gaming platforms, including Dream11, sponsor of IPL 2020. 

Suzanne Frey, the VP of Google for a product, Android security, and privacy, wrote in a blog post highlighting several policies and rules regarding the gambling apps. She stated that Google has these regulations for users’ protection from potential harm. When any app violates these policies, Google sends a notification to the app developers and removes it from the Play Store until the developers bring the app’s compliance. 


Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She’s currently working as a content writer and is always interested in a challenge.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

Note: If you buy something via a link on this page, we might earn a small commission on it.

Source: https://timesnext.com/paytm-app-down-from-google-play-store/

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Origa Lease Finance Secures 2 Million USD in Debt

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Origa Lease Finance (1), a lease tech startup, has secured 2 million USD debt funds from several investors. The firm has secured fundings by issuing NCDs, Non-convertible Debentures to many investors. 

The startup claims that it assists small and medium enterprises (SMEs) in increasing their business capacity. Origa offers them equipment leasing and solutions for its lifecycle. It gives complete MCLM, Asset Life Cycle Management, including asset selection, finance, and recycling at the end of the tenure. 

India’s First Startup to Offer Asset Leasing Solutions

Origa Lease Finance claims that it is the first startup of India that offers asset leasing solutions to SMEs. The company added that its proprietary technology assists them in aggregating a large market in the B2B space. It gives a one-stop solution to its consumers and addresses all their needs regarding equipment and working with healthcare establishments and MSMEs.

Shrirang Tambe, the Founder and CEO of Origa Lease Finance stated that the investors show their strong belief in its unique business model. It solves real-world problems on the ground. 

He further added that the startup is a thought leader when it comes to leasing the micro-enterprises. It provides high-quality equipment and other related services to organizations. The movement will significantly impact the ground, including financial inclusion, capacity building, and increased productivity. 

Origa Aims to Become India’s Largest Leasing and Equipment Solutions Company

The brand claims that the fresh infusions would help boost its aim to be India’s largest leasing and equipment solutions company. In 2018, the Mumbai HQ company raised an undisclosed amount from Elevar Equity. It had raised 1.1 million USD from ah! Ventures and others in 2015. 

The current pandemic has offered a massive opportunity for Origa under Make in India. There is more emphasis on the local manufacturing, healthcare, and infrastructure. It has become a necessity for small businesses from tier II and III cities.  


Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She’s currently working as a content writer and is always interested in a challenge.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

Note: If you buy something via a link on this page, we might earn a small commission on it.

Source: https://timesnext.com/origa-lease-finance-secures-2-million-usd-in-debt/

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GenieTalks Secures 750,000 USD in Angel Investment Round

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On Friday, GenieTalks (1), a conversational AI firm, announced that it had secured its first angel investment round of 750K USD from Shankeshwar Technologies LLP. Notably, the venture is valued at 10 million USD. The startup will utilize the latest infusion to develop its platform, based on SaaS. The Indore-based firm helps businesses in building personalized virtual assistance powered by AI.  

Vivek Jain, Co-founder of GenieTalk, stated on the latest funding round that their delivery model is a SaaS platform. Via the platform, consumers can utilize the chat form and embed a small script to their service. Users can purchase it as a plan or opt for pay as you go services. 

GenieTalk To Develop Independent and Intuitive AI Entities

Santosh Kataria, Vivek Jan, and Ankit Kimtee, the three tech enthusiasts, founded GenieTalk. The trio has envisioned a holistic deep-tech startup that would develop intuitive and independent AI entities. The founders have also successfully created their in-house Travel application, OGenie. The IATA certified app is available on App Store and Play Store. It has an inbuilt voice-activated virtual travel assistant, also called as Virtual Travel Buddy, Genie. It provides a travel concierge service.

At present, the GenieTalks app, OGenie, has over 100,000 downloads. It can search, book, reschedule, cancel, web check-in, domestic and international flights. The app is also selling exclusive membership with Airtel Payments Bank, JioSaavn, HDFC Times Card, Freecharge, and more. 

Ankit Kimtee, GenieTalk, stated that the startup is doing what Google and Facebook are doing with unlimited resources and billions of dollars. However, they have minimal resources, remote locations, but they have few immensely talented AI brains. The tech is in the nascent stage; hence it will take years to reach its goals. 

He added that pandemic had given a super boost to their growth. The startup is receiving the demand they had expected in the upcoming five years. The startup is currently aiming to place India as an AI pioneer across the world. 


Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She’s currently working as a content writer and is always interested in a challenge.

Source: https://timesnext.com/genietalks-secures-750000-usd-angel-investment/

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