EPOCH IDEAS

          Role of digitalization in banking What is meant by digitalization :-                                                                          Digitalization is the process of   converting data into digital format . Digitalization means the   adoption of technology . But these two words are being used interchangeably. Role of digitalization in banking :- Banks are not just a part of our lives, but have a significant role in our daily lives. For many, day will not end without at least a single financial transaction. Thus banks always try to adopt latest technologies to enhance customer experience. Digitalization is not an option for banking industry, rather it is inevitable  because every industry is being digitized and banking sector is no exception. Mobile...

What is Ed-tech ? The bold idea of ‘Educational Technology’ or Ed-Tech is nothing new. The industry has been through some rough times since its inception, but with the current crisis in American education, there is renewed interest and investment. Ed-Tech companies or startups are everywhere, with new and innovative ideas about how to improve public education and minimize cost.                                                                                                                          One success story in the EdTech companies’ industry is Pearson . It is one of the leading learning companies, having introduced its first EdTech accelerator program in February 2013. The Telegra...

Hindu Marriage Act, 1955: Why in News? The Supreme Court recently said mere registration of marriage in absence of a proper ceremony would not be valid under the Hindu Marriage Act. What is Hindu Marriage Act, 1955 (HMA Act) It  codifies  the  law relating to marriage among Hindus . It not only  provides for  the  ceremonies and registration  for Hindu marriage but also lays down rules regarding  Divorce. Key Features: A  Hindu by birth or by conversion  is the subject of the HMA  Act . The definition of Hindu under the HMA Act  includes Buddhist, Jain, and Sikh  as well. Marriageable age : The  bridegroom  must be at  least 21 years old,  and the  bride  must be at  least 18 years old  when they get married. Marriage among minors is punishable  with imprisonment upto 3 years and/or fine upto Rs 1 lakh. Significance of ceremonies: Customary practices  (customs/ long-term us...

Introduction : On 16th January 2016, Prime Minister Narendra Modi launched the  Start Up India  Action Plan, with an aim to build a strong eco-system for nurturing innovation and Startups in the country. Three years on, India has transformed into a big startup ecosystem in the world. The government has been working towards recognising the real potential of startups operating across diverse segments. The govt’s  focus has been on three C’s – capital, courage and connections  –  which Prime Minister Modi describes as the main pre-requisites for setting up a business. Due to this, there has been a significant rise in entrepreneurs, particularly from Tier-2 and Tier-3 cities. The participation of women has also increased under the Startup India programme. About Startup India Startup India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic...