MPSEDC gets over 100 applications to enhance tech solutions for Simhastha
In a bid to develop tailored AI and digital solutions, MPSEDC has invited suggestions for four key areas: Smart Mobility & Access, Safety, Security & Surveillance, Health & Sanitation, and Digital Experience & Sustainability. As part of this initiative, National Tech Hackathon will be conducted in three rounds from July to August, inviting contributions from startups, corporations, and academic institutions.
"The Simhastha mela is a significant event, and we envision leveraging technology to enhance the experience for millions of visitors. We are keen on innovative solutions that will improve movement management, access to facilities, and overall safety during the event. The participation of tech firms and startups is vital in creating a sustainable and efficient environment for attendees," additional chief secretary (department of science and technology) Sanjay Dubey said.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Consigue audifonos de alta calidad sin gastar ni un solo centavo
Top Audifonos
Undo
Among applications received, tech firms proposed a range of pioneering solutions. Suggestions include movement planning for 'Shahi Snan' days, efficient public transport systems, and intelligent traffic monitoring. Suggestions also included AI-driven solutions for surveillance and crowd control, including predictive algorithms to monitor crowd flow based on real-time data.
"We are looking for creative technologies that can revolutionise how we manage crowds, ensuring public safety and enhancing visitor experience. This hackathon is not just about solving immediate problems; it's about setting a benchmark for future events," Dubey said. The registration window for the Hackathon opened from June 26.
The department has also invited solutions focused on medical aid, hygiene, clean water, food, waste management, and others.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
22 minutes ago
- Time of India
Public sector banks likely to remove minimum balance fines
Public sector banks are reconsidering the need for customers to maintain minimum balances in savings accounts, following discussions with the finance ministry over the declining share of current and savings accounts in total deposits, as per a TOI report. Canara Bank , Bank of Baroda , Punjab National Bank and Indian Bank have recently dropped this requirement, which means that customers who fail to maintain the minimum prescribed balance will not have to pay a penalty. In a recent meeting, finance ministry officials are understood to have questioned banks on the need to penalise customers who do not maintain minimum balance, the TOI report says.. The concern stemmed from the slowdown in low-cost current and savings account deposits. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 이렇게 생겼는데 말소리도 또렷이 들려주는 보청기, 무료로 체험 가능 히어닷컴 Undo RBI in its financial stability report noted that "banks' liability profile is changing with the share of higher-cost term deposits and CDs growing compared to low-cost current account and savings account (Casa) deposits" According to bankers, Jan Dhan data suggests that while many of these accounts were initially dormant, balances rose steadily. This experience appears to have influenced the policy shift. Live Events State Bank of India ( SBI ) became the first lender to scrap minimum balance requirements in 2020, after facing public backlash when an RTI disclosure showed that charges collected for non-maintenance of balances had surpassed its net profit—largely absorbed by provisions for bad loans. Traditionally, public sector banks had lower balance requirements compared to private banks with the requirement waived for Jan Dhan accounts. Besides the mandatory exclusion of Jan Dhan accounts , private banks also waive minimum balance requirements on salary accounts and on those accounts where the customers maintain a threshold in terms of 'relationship value' which includes fixed deposits and other investments. Historically, banks have been using returns generated from low-interest savings accounts to cross-subsidise banking services which were provided free of charge. However, incremental costs for banks have reduced as most banking services are now provided through digital channels. The new approach is to recover the costs of maintaining accounts through other means - such as debit card fees and charges for transactions beyond free limits. (With TOI inputs)
Time of India
22 minutes ago
- Time of India
Reuters account on Twitter restored in India, email from the company says ‘At this time, we are no longer…'
Elon Musk-owned X has restored access to Reuters' official account in India, a day after it had been blocked due to a legal request. The main @Reuters account, followed by over 25 million users globally, was withheld in India on Saturday night. Indian users who tried to access it saw a message saying the account had been withheld 'in response to a legal demand.' However, a spokesperson for the Indian government's Press Information Bureau told Reuters that no government agency had requested the block. The official said they were working with X to resolve the issue. Another account, @ReutersWorld, which was also blocked in India, was restored later Sunday night. Announcing that the ban has now been lifted, Reuters quoted an email from X which said 'At this time, we are no longer withholding access in INDIA to your account'. Why Reuters account was banned in India Official sources told news agency PTI that a request to block Reuters' account was made during Operation Sindoor . The microblogging platform seems to have now acted on that request and blocking Reuters' account in the country. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Serbia: New Container Houses (Prices May Surprise You) Container House Search Now Undo In an earlier email dated May 16, X had told Reuters: 'It is our policy to notify account holders if we receive a legal request from an authorized entity (such as law enforcement or a government agency) to remove content from their account.' 'In order to comply with X obligations under India's local laws, we have withheld your X account in India under the country's Information Technology Act, 2000; the content remains available elsewhere,' the platform added. X did not specify which content triggered the action, who filed the request, or why it was made. The company noted that users can contact the secretary of India's Information and Broadcasting Ministry for further action. iOS 26 Beta 2 Hands-On: Apple Finally Does It
Time of India
23 minutes ago
- Time of India
Stable Indian government bond yields push investors towards more attractive corporate debt
Indian mutual funds and insurance companies are shifting towards an accrual strategy to capitalise on higher corporate bond yields , as government bond yields are expected to remain largely stable, investors told Reuters on Wednesday. An accrual strategy focuses on earning returns primarily through interest payments, rather than through trading or capital gains. Fund managers are increasingly favouring shorter-duration bonds when yields are near the upper end of the range. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo The LSEG benchmark AAA-rated two-year and three-year corporate bond yields stood at 6.56% and 6.70%, respectively, on Monday. Bonds Corner Powered By Stable Indian government bond yields push investors towards more attractive corporate debt Indian mutual funds and insurance firms are increasingly adopting an accrual strategy, drawn by higher corporate bond yields amidst stable government bond yields. Mutual funds favor shorter-duration bonds, while insurance companies show interest in longer-duration bonds, specifically the five-year to 10-year part of the curve. Rupee bond binge by Indian firms poised to slow after record run Bond market awakening in 2025: India catching up with global capital flows India bond traders eye US data, RBI liquidity operation for cues ETMarkets Smart Talk - FPI outflows from Indian bonds likely tactical profit booking, says Puneet Pal of PGIM India AMC Browse all Bonds News with The spread between corporate and government bond yields in these two tenors has risen around 20-30 basis points over the past month to 85 bps. "As long as there is no danger of policy reversing, the two-three-year bonds will respond to local liquidity ... so, we have already reallocated funds from the long bonds to the 2-3-year corporate bonds," said Sandeep Bagla, CEO at Trust Mutual Fund, which manages overall assets worth around 35 billion rupees ($408.00 million). Live Events The uptick in corporate bond yields has surpassed gains in government bonds since the Reserve Bank of India shifted its monetary policy stance and began withdrawing liquidity from the banking system. "In the context of present market conditions and macro-economic environment, we are cutting duration... I am positive on the shorter end as liquidity is likely to flow there," said Killol Pandya, senior fund manager for debt at JM Financial Asset Management, which manages debt assets worth about 38 billion rupees. "We have scaled back duration in our dynamic bond fund too," he said, noting that the company had gone from an exclusively government bond approach to strategically moving some funds to corporate bonds, towards the accrual system. While mutual funds are concentrating on the shorter end of the corporate bond yield curve, insurance companies are showing interest in longer-duration bonds. "We believe currently the most attractive part of the market is corporate bonds, especially the five-year to 10-year part of the curve," said Rahul Bhuskute, CIO at Bharti AXA Life Insurance. The spread between five-year and 10-year corporate bond yields and government bond yields remains in the range of 75-85 bps. ($1 = 85.7850 Indian rupees)
