Maha Kumbh Police equipped with Siren Torches for Effective Crowd Management for a safer Maha Kumbh 2025

Prayagraj, January 14, 2025: In an endeavour to ensure the safety and security of millions of devotees attending the Maha Kumbh Mela, this year, Maha Kumbh Police is further enhancing safety at the event with support from Eveready Industries India Ltd., the country’s leading flashlight and battery manufacturer. As part of the initiative, Police personnel deputed for the grand duo-decennial occasion will be equipped with 5000 Eveready Siren torches, featuring a powerful safety alarm, to help maintain order. In addition, safety norms will be propagated across 56 police stations within the Mela premises

The Maha Kumbh Mela 2025, a once in a lifetime event, is expected to draw approximately 400 million pilgrims this year. Given its sheer magnitude, it will be paramount for authorities including the Maha Kumbh Police to ensure a peaceful and transformative experience for all devotees at the event. To contribute to this objective, Eveready has stepped forward to present its latest innovation, the Siren Torch DL102, to the Maha Kumbh Police.

Eveready Ultima Batteries & Siren Torches will also be prominently visible across the Kumbh VIP Dome City and various parts of the holy city.

Commenting on the initiative, SSP Kumbh Mela, Shri. Rajesh Dwivedi, said, “We have made extensive arrangements for the safety and security of pilgrims. Eveready’s Siren torches will also be an important part of this arrangement. It will definitely help strengthen our efforts”.  

The Eveready Siren Torch, while serving as a traditional flashlight, transforms into a powerful and empowering safety device with a 100dbA sound alarm that can be activated by simply pulling an attached keychain. As part of this initiative, Eveready will undertake a practical demonstration for the Maha Kumbh Police to showcase the dual functionality and utility of the device.  This versatile and pocket-friendly flashlight which is more than just a product, is a symbol of safety, empowerment and the ability to raise one’s voice in critical moments.

Anirban Banerjee, Sr. Vice President & SBU Head (Batteries & Flashlights) at Eveready Industries India Ltd., said, “The Maha Kumbh Mela is one of the world’s largest congregations and this year the 44-day long spectacle is expected to draw unprecedented visitors. Over the years, police has consistently done a commendable job by efficiently managing large crowds thereby safeguarding millions of pilgrims during their spiritual journey. This year, we are proud to join forces with the Maha Kumbh Police equipping them with the powerful Siren Torch to assist them in effective crowd management and maintaining a safe environment.” 

Link to the teaser video: https://www.youtube.com/watch?v=FlC9rUFIC58

The Siren Torch will further help the police manage vast crowds while simultaneously enhancing surveillance and security measures at the venue. Furthermore, the Maha Kumbh Police and Eveready will also display emergency contact numbers, at prominent police posts, to help attendees reach out to relevant authorities in case of any crisis. 

The revolutionary DL102 Siren Torch is an indispensable instrument and stands as a beacon of confidence, giving individuals especially women, the assurance to push boundaries and explore horizons without compromising on their safety. This powerful device empowers them to move forward boldly and carefree transforming moments of hesitation into opportunities for fearless advancement.

ICAI's World Forum of Accountants 2025 to see Delegates from over 40 countries

The Institute of Chartered Accountants of India (ICAI) is all set to host World Forum of Accountants (WOFA) 2025, from January 31 to February 2, 2025, at the Yashobhoomi, India International Convention and Exhibition Centre (IICC) in New Delhi.

The theme of the event “Accountability Meets Innovation (AI): For A Sustainable Planet,” aligns with the visionary goals of the Hon’ble Prime Minister, emphasizing on development, economic growth, social progress, environmental sustainability and good governance. WOFA 2025 event will host over 8000 national and international delegates from the International Accounting Organizations, Firms, Regulators, Economists, Academicians, Commerce Groups, Business Leaders, Policymakers, Standard Setters and esteemed global leaders from Accountancy Profession.

WOFA 2025 will be inaugurated on 31st January 2025 by the Hon’ble Minister of Defence, Shri Rajnath Singh, as the Chief Guest.

CA. Ranjeet Kumar Agarwal, President ICAI, emphasised that WOFA 2025 offers a unique and timely opportunity for professionals to come together and engage in critical discussions surrounding the evolving challenges and opportunities in the accounting profession. “As the global financial landscape continues to undergo rapid transformation, WOFA 2025 serves as an essential platform for learning, sharing best practices, and fostering collaborations that will help shape the future of the financial sector. The event will provide valuable insights into emerging trends and innovations, with a focus on digital transformation, sustainability landscape financial reforms, and the crucial role of accountants in driving positive change and stability in global financial systems. This event is a celebration for India for its step towards making India an accounting hub of the world.”  

The 3-days mega convention will have 40+ insightful sessions addressed by galaxy of speakers like:  

·        CA. Suresh Prabhu, Chancellor, Rishihood University

·        Shri K. Sanjay Murthy, Comptroller and Auditor General of India

·        Shri Arun Singh, Member of Parliament

·        Dr. Sudhanshu Trivedi, Member of Parliament

·        Shri Tejasvi Surya, Member of Parliament

·        Ms. Madhabi Puri Buch, Chairperson, SEBI

·        Shri Debasish Panda, Chairman, Insurance Regulatory and Development Authority of India (IRDAI)

·        Smt. Ravneet Kaur, Chairperson, Competition Commission of India

·        Shri Ajay Bhushan Pandey, Chairperson, National Financial Reporting Authority (NFRA)

·        Shri K Rajaraman, Chairperson, International Financial Services Centres Authority (IFSCA)

·        Shri Anand Mohan Bajaj, Deputy Comptroller & Auditor General (Commercial)

·        Shri Mahaveer Singhvi, Joint Secretary Ministry of External Affairs

·        Shri Challa Sreenivasulu Setty, Chairperson, SBI

·        Mr. Tom Seidenstein, Chairperson, International Auditing and Assurance Standards Boards (IAASB)

·        Mr. Ashfaq Yousuf Tola, President, South Asian Federation of Accountants (SAFA)

·        Mr. Jean Bouquot, President, International Federation of Accountants (IFAC)

·        CA. Sandeep Kumar Gupta, Chairman and Managing Director, GAIL (India) Limited

·        Mr. Ritesh Tiwari, ED and CFO Hindustan Unilever Limited

·        CA. T V Mohandas Pai, Chairman Aarin Capital, Chairman, Manipal Global Education

·        CA. Krishna Kishore Maheshwari, Vice-Chairman & Non-Executive Director Ultratech Cement (Aditya Birla Group)

·        Mr. George Alexander Muthoot, Managing Director, Muthoot Finance Ltd.

·        Mr. Rajesh Kumar Dwivedi, Director Finance, Bharat Heavy Electricals Limited (BHEL)

·        CA. Sumit Sanghai, National Head: Large Clients Group, ICICI Bank

Key discussions will cover topics such as India’s Banking sector and Rise of Digital Economy, Integrating ESG Metrics into Financial Statements: Fostering Sustainable Economic Growth, Navigating the AI Era: Adapting Regulatory landscape for the Next Decade, Union Budget 2025 Insights, India as the Global Capability Centers (GCC): Challenges and Opportunities, Evolution of Alternative Dispute Resolution (ADR) in India, India’s Investment Ki Pathshala: Strategies for Wealth Creation and Rise of India as Global Accounting and Auditing Hub and many more insightful session.

With panel discussions, technical sessions, and expert talks, WOFA 2025 aims to shape the future of finance by promoting innovative solutions for shaping the future of the profession.  

CA. Charanjot Singh Nanda, Vice President of ICAI, emphasised the need to adapt to the fast-evolving digital landscape. “WOFA 2025 will provide a critical platform for professionals to engage in impactful discussions on digital transformation, financial reforms, and sustainability. As we embrace technologies like AI, it’s essential that we stay rooted in our core values of trust, accountability, and ethical conduct, ensuring these innovations align with the principles of transparency and responsible growth,” he said.

The WOFA 2025 will feature an awards ceremony recognising exceptional contributions of ICAI’s regional councils, branches, overseas chapters, and top-ranking professionals.

Ravi Chikara is the new Chief National General Secretary of Salute Tiranga

At a press conference held at Country Club in Andheri West, Mumbai a reshuffle of top posts in Salute Tiranga was announced by Rakesh Jha, National President, Salute Tiranga. Also present was Ravi Chikara.

To fortify its presence in the state of Maharashtra and other states, Ravi Chikara who was the state president of Maharashtra’s unit, has now been elevated to the post of Chief National General Secretary of Salute Tiranga, and they have appointed Samit Jain as the Maharashtra State President.

“I have been entrusted with the responsibility of Chief National General Secretary and the in-charge of 2 states – Maharashtra, Uttar Pradesh and Madhya Pradesh. Presently Salute Tiranga is spread across 28 states and 400 districts, and now my vision is to reach 700 districts in the next year and emphasize more on our core 5 missions that of Environment, Nationalism, Health, Spirituality and Sports with the aim of creating a Vikshit Bharat,” Ravi Chikara mentioned.

For the Beti Bachao Beti Padhao unit, Renu Chikara has been appointed as the State President of this unit. “I am optimistic that the new team at the top will deliver astounding results for our organization,” announced Rakesh Jha while speaking to media persons.

“We aim to take up several programs on National Scale aggressively in Maharashtra and other states to strengthen the organization in the coming six months. We expect more likeminded Indians to join as we have scheduled mega projects in the coming future in Mumbai and the state. We celebrate 26th December in memory of our great national leader Shri Atal Behari Vajpayee ji, the former Prime Minister of India’s birth anniversary which sees celebrations as the Atal Tiranga Sanman,” added Rakesh Jha.

Each year, our panel selects 25 people and felicitate them in New Delhi for their excellence in their respective fields and they are selected on the basis of their contribution towards the nation. A number of Ministers, MOS and Members of Parliament and several Spiritual leaders as well as other celebrated individuals across the country grace this prestigious event. This year too on the 26th December we have lined up celebrations and felicitations of the true nationalist individuals across the spectrum from all over India.

The internationally acclaimed Swami Chidanand ji Maharat from Prabhat Niketan who has devoted his life for the development of nation and spread of the Sanatan Dharma. Coal Minister (MOS) Satish Dubey, Ajay Tamta, Rajendra Phadke, National convener of BJP’s Beti Bachao Beti Padhao and Manoj Tiwari will be the special guests.

The biggest achievement of Salute Tiranga is that only the last year, the National President of Salute Tiranga performed a Tiranga yatra and hoisted the Tricolour in Jammu and Kashmir despite several threats. The sense of nationalism was created among the school students and the local people, to such an extent that at several places across the 6 districts in J&K which was never done before for several years.

“Another achievement of Salute Tiranga is that it successfully completed the Tree Plantation drive in Uttara Khand districts. The notable part is that not only the plantation drive was conducted, our organization nurtures these plants on day to day basis,” ended Ravi Chikara.

Inflation: What it is and How to control Inflation rates

BY: Pankaj Bansal

Inflation is the sustained increase in the general price level of goods and services in an economy over a period. When inflation rises, each unit of currency buys fewer goods and services, eroding purchasing power. Economists measure inflation through indices like the Consumer Price Index (CPI) and the Producer Price Index (PPI), which track changes in prices over time.

Causes of Inflation

There are several primary causes:

1. Demand-Pull Inflation: This occurs when demand for goods and services exceeds supply, often due to an increase in consumer spending, government expenditures, or investment. It “pulls” prices up as businesses raise prices in response to higher demand.

2. Cost-Push Inflation: This is when production costs increase (e.g., due to rising wages or raw material costs), prompting producers to raise prices to maintain profit margins. Cost-push inflation can result from higher commodity prices, increased labor costs, or supply chain disruptions.

3. Built-In Inflation: Sometimes called “wage-price inflation,” it arises from a feedback loop where rising wages increase production costs, leading businesses to raise prices. Higher prices then lead workers to demand higher wages, creating a cycle of inflation.

4. Monetary Policy: When central banks increase the money supply too quickly, it can lead to inflation. With more money circulating, demand can outstrip supply, pushing prices higher.

Effects of Inflation

 Reduced Purchasing Power: People can buy fewer goods and services with the same amount of money.

 Uncertainty in Business Investment: High inflation can create uncertainty, causing businesses to delay or reduce investments.

 Income Redistribution: Fixed-income earners and those without investments may find their purchasing power eroding, while borrowers benefit as debts are repaid with devalued currency.

 Interest Rate Adjustments: Central banks often raise interest rates to combat high inflation, which can affect borrowing and economic growth.

How to Control Inflation Rates

Controlling inflation involves managing demand and supply factors, which is typically overseen by central banks and government policies. Here are common methods:

1. Monetary Policy Adjustments:

o Interest Rates: Central banks, like the Federal Reserve or the European Central Bank, adjust interest rates to control inflation. Higher interest rates make borrowing more expensive, reducing spending and cooling demand.

o Open Market Operations: Central banks can buy or sell government bonds to regulate the money supply. Selling bonds reduces the money supply, potentially slowing inflation.

o Reserve Requirements: By adjusting the amount of funds that banks must hold in reserve, central banks can influence how much money is available for lending.

2. Fiscal Policy:

o Reducing Government Spending: Governments can cut spending to reduce demand in the economy, which may help cool inflation.

o Tax Adjustments: Raising taxes can reduce disposable income, which can lead to a decrease in demand and, in turn, inflation.

3. Supply-Side Policies: Improving productivity and reducing production costs can help control inflation from the supply side. Investments in technology, deregulation, and subsidies for production can make it easier for businesses to supply goods at stable prices.

4. Wage and Price Controls: While controversial and less common in modern economies, governments sometimes impose controls on wages and prices to prevent rapid inflation.

However, these measures are often temporary, as they can lead to shortages and other economic distortions.

5. Exchange Rate Management: Some countries control inflation by managing their currency value. A stronger currency can make imports cheaper, which can reduce inflation, though it can also make exports less competitive. 

Challenges in Controlling Inflation   

Controlling inflation is often a balancing act. Raising interest rates or cutting government spending can control inflation, but it may also slow economic growth or lead to unemployment. Central banks and governments need to assess economic conditions carefully, as measures to curb inflation can sometimes have unintended side effects, like recession.

Pankaj Bansal is the founder of NewsPatrolling

Adopting eco-friendly building practices, reducing carbon footprints, energy-efficient designs in Real Estate Sector

With dynamics changing by the day, the real estate sector is bracing itself to steer through storms and we shall discuss how leaders tackle today's uncertain world. 

The real estate sector has always been unpredictable. From fluctuating interest rates to shifting buyer preferences, regulatory uncertainties, and the rising importance of sustainability, the sector is in constant flux. Hence, leaders in the sector are adapting to these evolving dynamics and trends.

Agility and innovation have become absolutely necessary tools for real estate leaders in this competitive market. The pandemic, notably, reshaped the sector trends overnight, with buyers prioritizing larger homes with flexible spaces for work and leisure. Meanwhile, sustainability and wellness are emerging as key factors influencing purchasing decisions. Further, factors like macroeconomic and geopolitical forces are reshaping the sector in profound ways. Persistent inflation and rising interest rates have increased borrowing costs, making both residential and commercial property purchases more expensive. This environment challenges affordability and slows demand, pushing real estate leaders to rethink pricing strategies and explore creative ways to maintain customer interest.

Besides, the real estate sector is increasingly shifting towards sustainability, with leaders adopting eco-friendly building practices and energy-efficient designs. This shift reflects a growing awareness of the environmental impact, regulatory pressures, and demand from consumers and investors for more sustainable and responsible developments. To meet these demands, leaders are integrating green practices throughout the building lifecycle. Many new projects emphasize energy efficiency through smart systems, solar panels, and high-performance insulation to reduce carbon emissions and operational costs.

Additionally, there is a heightened focus on creating community-centered environments where residents can connect and engage with one another. The real estate sector now includes shared spaces like gardens, fitness centers, and communal lounges, fostering a sense of belonging. These spaces are carefully crafted to promote physical and mental well-being, providing residents access to healthy living options, such as outdoor activity areas, meditation zones, and eco-friendly designs.

Rajjath Goel, Managing Director, MRG Group says, “Real estate today demands that we look beyond conventional wisdom. As developers, we embrace innovation while staying grounded in our core values. At MRG Group, we’ve invested in green technologies that not only reduce carbon footprints but provide long-term cost benefits. Sustainability is at the heart of everything we do, ensuring that our developments contribute positively to the future."

Harinder Singh Hora, Founder Chairman, Reach Group, says, “Amid the evolving consumer needs, adapting to change has become a necessity. At Reach, we believe in more than just functionality and offer a truly enriching experience for our customers. Our project’s design processes go beyond aesthetics and extend to a deep understanding of human behaviour. We develop spaces and offices that serve as invigorating grounds of collaboration and destinations that inspire a feel-good factor.”

Uddhav Poddar, Chairman and Managing Director of Bhumika Group shares, “In today’s ever-evolving work-life landscape, it’s essential for leaders to adopt resilient strategies that drive sustainable growth. By focusing on high-demand property types, we can help stabilize returns, especially in markets with consistently strong demand.

“At Bhumika Realty, our portfolio encompasses a wide range of thoughtfully designed residential, commercial, and mixed-use projects, all celebrated for their purpose-driven architecture and sustainable practices. Our unwavering commitment to quality, transparency, and customer satisfaction remains at the heart of everything we do. We are devoted to creating vibrant spaces that elevate the lives of their inhabitants, fostering not only functional, but truly meaningful living environments.”

Roshy Chhillar, Director, Landmark Group says, “Diversity in leadership plays an important role in innovation and relevance in real estate offerings. Female leaders in real estate bring invaluable perspectives that help shape more inclusive, community-focused housing solutions. Their leadership often emphasizes empathy, attention to detail, and a keen awareness of diverse lifestyle needs, all of which enhance decision-making and drive meaningful change within the industry. At Landmark, we believe in creating environments that support life, work, and well-being where people can thrive.”f

Looking ahead, through adaptive strategies, leaders are meeting the evolving needs of modern buyers. The drive towards eco-friendly, resilient, and inclusive developments reflects a commitment to both market relevance and responsible growth. As these leaders steer through economic, social, and environmental challenges, they’re not only shaping the real estate landscape but also contributing to a more sustainable and inclusive future.

Actress Raima Sen Embarks on a Blissful Adventure Holiday in Dehradun and Kalesar

Renowned actress Raima Sen recently treated herself to a well-deserved getaway, exploring the breathtaking landscapes of Dehradun and Kalesar. Known for her stellar performances and versatile roles, Raima took a break from her busy schedule to reconnect with nature and embrace the serenity of the mountains. Her vacation photos have left fans mesmerized, showcasing her enjoying every moment of her adventurous escape.

During her trip, Raima indulged in sunrise treks, immersing herself in the beauty of the natural surroundings. One of her most captivating pictures shows her playfully “holding” the sun, an image that captures her cheerful spirit and love for scenic views. Her radiant smile and relaxed demeanor reveal just how much she cherished the peaceful atmosphere of these picturesque locations. Another photo highlights Raima in an open jeep, exuding confidence and joy as she explores the lush terrain of Kalesar.

Her Dehradun and Kalesar holiday reflects her adventurous side and passion for the outdoors. The actress, who is often seen in the hustle and bustle of film sets, took this time to relax, unwind, and immerse herself in the natural beauty of India’s hidden gems. This break has not only rejuvenated her but also given fans a glimpse of her off-screen persona—one that loves nature, adventure, and the simple joys of life.

With her social media posts capturing this enchanting journey, Raima Sen continues to inspire fans to embrace travel, adventure, and self-care. Her Dehradun and Kalesar retreat exemplifies the perfect balance between adventure and tranquility, making her holiday an unforgettable experience.

   

Stocks surpass Mutual Funds as the preferred investment option among Gen Z by 39%

Nearly 4 in 5 individuals save money to invest for future financial security

November 11, 2024, Mumbai, India: In a recently released report Fin One: Young Indians’ Saving Habits Outlook 2024, shedding light on the evolving financial behaviors of Millennials and Gen Z across India, released by Fin One, a digital-first initiative by Angel One Limited. The data for the report was compiled by leading research firm, Nielsen. The report reveals that 93% of young adults are consistent savers, with majority saving 20-30% of their monthly income. Additionally, stocks have emerged as the preferred investment choice, with 45% of respondents favoring them over more traditional options such as fixed deposits or gold.

The report draws data from 1600+ young Indians in more than 13 Indian cities, benchmarking four key areas: saving behavior, investment preferences, financial literacy and the use of technology and financial tools. This first report on saving habits from Fin One also highlights significant regional variations in saving practices.

The report further emphasizes the role of digital platforms and technology, noting that 68% of respondents regularly use automated savings tools, underscoring the growing impact of fintech on the financial habits of India's younger generation.

Key insights from the report include:

Consistent Savings Practices:

A remarkable 93% of respondents identify as consistent savers, with the majority setting aside 20-30% of their monthly income for future financial goals. This reflects a growing culture of financial discipline, especially in the 22-25 age group, as young adults start their financial journey.

Investment Preferences:

58% of young Indian investors currently invest in stocks, while 39% favor mutual funds. Safer options like fixed deposits (22%) and recurring deposits (26%) see relatively lower adoption. This indicates a balanced approach between high returns and stable savings among the youth.

72% of 18-21-year-olds prefer stocks over other options like Fixed Deposits, Mutual Funds and Gold.

With 62%, YouTube is a primary source of education for savings and financial planning among those surveyed. Family and friends remain the secondary source of financial education for 52% of youth, surpassing popular finance influencers.

Barriers to Savings:

Despite disciplined saving habits, 85% of young Indians cite the high cost of living—particularly food, utilities and transportation—as the most significant barrier to saving. This indicates rising living costs are a critical challenge for India’s youth.

 

Technology:

68% of respondents use automated savings features and mobile apps to manage their finances.

Financial Literacy:

71% of respondents consider themselves proficient in financial literacy.

 

“As India’s youth increasingly turn to the internet for financial guidance, we are witnessing a growing appetite for financial awareness and education among Millennials and Gen Z. YouTube has become central to this shift, with over 62% of young investors relying on it as a primary source of financial learning. In today’s digital age, with rising cyber threats and evolving financial landscapes, it is more important than ever for young adults to build a strong foundation in financial literacy. Saving and investing are not only essential life skills but also key opportunities for long-term wealth creation. At Fin One, we are committed to empowering India’s younger generation with the knowledge and tools they need to make informed financial decisions and secure their financial future.” added Paarth Dhar, Vice President, Angel One.

This survey reaffirms the growing importance of financial literacy, disciplined saving and the use of technology among India’s young population. Angel One remains committed to driving financial empowerment in India through its innovative solutions and educational initiatives.

Fin One, an initiative by Angel One, focuses on enhancing financial awareness in India, especially among youth and rural communities. It delivers educational content in regional languages and promotes responsible financial practices. Fin One aims to foster financial inclusion and awareness across the nation. This initiative is not just about imparting knowledge; it's about shaping a financially savvy generation poised to navigate the complexities of the modern financial world with confidence.

Angel One Limited, (NSE: ANGELONE, BSE: 543235) is the largest listed retail stock broking house in India, in terms of active clients on NSE. Angel One is a technology-led financial services company, providing broking and advisory services, margin funding and distribution of third-party financial products to its clients. The broking and allied services are offered through online and digital platforms to clients acquired directly and through assisted business.