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Bollywood veteran actor <keyword id="19964688" type="General" weightage="20" keywordseo="Govinda" source="keywords">Govinda</keyword> sustained an injury on Tuesday after his licensed revolver accidentally discharged at his residence in Juhu, Mumbai. According to police, the incident occurred when the 60-year-old actor was preparing to leave for the airport. Despite the unexpected turn of events, Govinda is reportedly out of danger and is recovering at a private hospital. The accident happened early in the morning, around 4:45 AM, as Govinda was about to catch a flight to Kolkata for a scheduled performance. Shashi Sinha and the police explained that the trigger of the licensed revolver got pushed accidentally while the actor was keeping it in the cupboard, causing the <keyword id="6371685" type="General" weightage="20" keywordseo="bullet" source="Orion">bullet</keyword> to hit his leg. Govinda, beloved for his impeccable comic timing and dance moves in iconic films such as Hero No. 1 and Raja Babu, later issued a reassuring statement to his fans, saying, "With the blessings of my fans, my parents, and God, I am doing better now. I was hit by a bullet, which has now been removed. I thank the doctor here, Dr. Agarwal ji. I thank all of you for your prayers." His brother, Kirti Kumar, further elaborated on the incident, calling it "strange" but acknowledging how fortunate Govinda was. “He was just checking the revolver when it accidentally slipped from his hand and fired. Thankfully, he reached the hospital on time. He's okay now. The <keyword id="19911742" type="General" weightage="20" keywordseo="operation" source="keywords">operation</keyword> was successful, and the doctors say he’s recovering well." Kirti Kumar also mentioned that Govinda might stay in the hospital for two to three days depending on his condition, though there was a chance he could be discharged earlier if he felt better. In fact, earlier in the day, a police official had stated that Govinda had already been discharged and was recuperating at home. Following the incident, <keyword id="19906039" type="General" weightage="20" keywordseo="Mumbai-Police" source="keywords" meta.keywordsubtype="org" meta.entityname="Mumbai Police" meta.hostid="261" meta.entityid="Mumbai Police">Mumbai Police</keyword> increased security outside Govinda's residence in Juhu. Crime branch officials also visited the actor in the hospital to gather more details. The revolver, which is licensed, has been seized for investigation. A team of police officers conducted a panchnama at his home, though no formal complaint has been lodged, and investigations are ongoing. Govinda, whose full name is Govind Arun Ahuja, made his Bollywood debut in 1986 with the film Love 86. Over the years, he rose to stardom and became one of the most popular actors of the late 1980s and early 1990s, appearing in over 165 films. Some of his most famous works include Ilzaam, Gambler, Aankhen, Saajan Chale Sasural, Bade <keyword id="20074065" type="General" weightage="20" keywordseo="miyan-chote-miyan" source="keywords">Miyan Chote Miyan</keyword>, Bhagam Bhag, and Partner. His last on-screen appearance was in 2019’s Rangeela Raja. In March this year, Govinda made headlines for his return to the political arena. A month before the Lok Sabha elections, he joined the Eknath Shinde-led <keyword id="19905334" type="General" weightage="20" keywordseo="Shiv-Sena" source="keywords" meta.keywordsubtype="org" meta.entityname="Shiv Sena" meta.hostid="261" meta.entityid="Shiv Sena">Shiv Sena</keyword>, marking his re-entry into politics after nearly two decades. The actor previously won the 2004 Mumbai North Lok Sabha seat as a Congress candidate but stepped away from political life in 2008. Govinda’s fans and well-wishers have been expressing their relief at the news of his safety. His enduring popularity across generations ensures that this incident has sparked widespread concern, but thanks to prompt medical attention, the actor appears to be on the road to recovery. (With inputs from PTI)

Govinda now out of danger after successfully undergoing operation to remove bullet from leg

The growing urban waste crisis in India, particularly in cities like Bangalore, has long been a pressing issue. Unreliable government services and a lack of efficient private solutions have exacerbated the problem. A recent Reddit <a href="https://www.reddit.com/r/bangalore/comments/1go2c98/zepto_but_for_garbage_collection/">thread</a> highlighted a potential startup idea aiming to address this challenge: an <keyword id="23920166" type="General" weightage="20" keywordseo="app-based-garbage-collection" source="keywords">app-based garbage collection</keyword> service. <h2>A tech-driven solution to India’s waste woes? </h2>The redditor’s idea revolves around creating an app that allows users to schedule waste pickups, track collection, and ensure proper segregation and disposal. With a monthly subscription model and real-time tracking features, the service could attract apartment complexes, gated communities, commercial spaces and individual homes in areas with unreliable municipal waste collection. The model aims to provide transparency and professionalism in a space where service reliability is often questioned. The revenue streams would include monthly subscriptions, premium services, recycling partnerships and commercial contracts, creating potential for steady growth. <h2>Challenges in implementation</h2>While other users tried to be supportive of this startup idea, many pointed out that the waste management space is fraught with corruption and vested interests, often controlled by local politicians and powerful contractors. In Bangalore, these parties allegedly hold significant sway, making it challenging for new players to operate independently. This challenge can hinder permissions, licences and partnerships that the startup would need from local bodies to operate legitimately. Moreover, urban waste collection is a highly resource-intensive operation that requires significant infrastructure, trained personnel and fleet management, adding to operational costs. Scaling to other cities would compound these challenges, as each urban centre has its unique waste management regulations and local dynamics. <h2>Opportunities for innovation </h2>Despite these challenges, there is a growing public demand for professional waste management services. With increasing awareness of the environmental impact of improper waste disposal, many residents are willing to pay for reliable services. For instance, recent news about initiatives in other Indian cities, like Pune’s citizen-driven waste segregation models and Hyderabad’s successful implementation of RFID-based waste collection tracking, highlight the potential for tech-enabled solutions to gain traction with local support and partnerships. Overall, the concept addresses a real pain point in Indian cities. To succeed, the startup would need a robust strategy for navigating local body regulations and forming partnerships with eco-friendly and government-backed organisations. With thoughtful implementation, the proposed solution could serve as a model for modern waste management in India’s urban centres. Most of all, it is encouraging to see the youth taking steps to fix the broken waste management systems.

Reddit user proposes “Zepto but for garbage collection” in Indian cities like Bengaluru

Banking is one of the oldest commercial and trust-based activities that has existed over the centuries. India has had its form of banking for many centuries, as evidenced from our scriptures. Insurance as a sector has been mentioned in the writings of Manu (Manusmrithi), Yajnavalkya (Dharmasastra) and Kautilya (Arthasastra). The writings describe pooling of resources that could be redistributed in times of calamities such as fire, floods, epidemics and famine. Ancient Indian history has also preserved the concept of insurance in the form of marine trade loans and carriers’ contracts. The Indian financial sector has withstood socio-economic shifts, ideological battles, policy upheavals. Gladly, the need for a safer and prudential financing aspect remains staunch. India at present Just in the past 3 decades, we have seen various forms of tech adoption in the Indian finance sector. Currently, the Indian population comprises the millennial and Gen-Z consumers and irrespective of whether they are in urban centres or semi-urban or rural, their daily lives revolve around their smartphones and devices. As the entire <keyword id="6354241" type="General" weightage="20" keywordseo="financial-services" source="Orion">financial services</keyword> industry (including banking, non-banking financial companies (NBFCs), digital lenders, insurance, asset and wealth management, pension funds, fintechs) are fast evolving with newer offerings to serve this client-base, equally agile and more proactive should be the <keyword id="34505" type="General" weightage="20" keywordseo="financial-regulators" source="Orion">financial regulators</keyword>. What could be the year ahead? <ol><li>Financial regulators would push for a stronger balance sheet of entities they oversee. This could mean increased regulatory oversight of weaker entities, increased stress-test dash boarding, nudged mergers and acquisitions (M&amp;A) activities, and need for finance players to raise additional capital. </li><li>Consumer protection is crucial. But the ability to balance that principle, with the speed of digital innovation will need much faster adoption, by financial regulators, of their own digital capabilities and tools. Also, in instances where consumer greed is the issue, blaming the industry players could be avoided. </li><li>Financial regulators will bring in ideas for product communication to be simple. This can reduce the heartburn that comes with financiers showing off their complicated jargons and obscure and repetitive paperwork. </li><li>All the financial regulators using an Unified Data format (say to a standard like XBRL) can enable faster and preventive understanding of systemic issues. If they can trust that the data has not been compromised with, in the journey from transactional system to reporting, they can focus on the data itself, for speedier decisions. </li><li>Regulators have always had to get used to the newer waves of technology shift and to fine-tune their regulations in sync with market mechanisms. Some of our financial regulators are far ahead in understanding digital finance, than their peers. Hopefully, the rest will also catch up the learning curve quickly. </li><li>Our financial services regime is licence-based. Reassessing each of these licences from utility, impact and consumer need perspective this can bury some of the legacy baggage that we carry meaninglessly. </li><li>Lateral hires of private sector talent into regulatory policy development, policy operations and regulatory supervision space could be a new addition to bring in additional knowledge, and increased market engagement. </li><li>Regulators will get tougher on any infringements. After all, financial business is all about consumer trust. </li><li>Cyber and digital related safety aspects will take importance in the regulatory agenda. </li><li>Increased sandbox models, especially around cashless transactions and digital finance will accelerate the need for shaping regulatory narratives. </li><li>Gear up for TechFin as global giants are increasing their hold on the technologies, consumer engagement in the space of payments, lending, banking and insurance. </li><li>Prepare regulations for Web 3.0. That would necessitate financial regulators to build a framework on what it could mean for ‘future of finance’. </li><li>With Indian economic growth, and the importance of it being a large consumer market and investment destination, our regulators will have a say in the global financial arena. In this aspect, hopefully we might see a protectionist effect for domestic players. </li><li>For investors as well as the finance entities, issues around environmental, social and governance (ESG) are having higher attention. The finance regulators will bring detailed scrutiny in this space, as India moves towards its own net zero goals in tune with the United Nations’ sustainable development goals (SDG).</li></ol>The author is a CEO coach and corporate advisor. SEE ALSO <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambanis-reliance-acquires-uk-battery-tech-company-faradion/articleshow/88606195.cms" data-type="tilCustomLink">Mukesh Ambani’s clean energy vision gets a New Year boost with the acquisition of this UK battery tech company</a> <a href="https://www.businessinsider.in/tech/news/ces-2022-what-to-expect-from-samsung-sony-intel-lg-nvidia/articleshow/88606703.cms" data-type="tilCustomLink">CES 2022 — What to expect from the biggest electronics show</a> <a href="https://www.businessinsider.in/india/news/delhi-resident-doctors-call-off-their-14-day-long-nationwide-strike-over-neet-pg-counselling/articleshow/88612843.cms" data-type="tilCustomLink">Delhi resident doctors call off their 14-day long nationwide strike over NEET-PG counselling</a>

OPINION: As the entire financial services industry is fast evolving, equally agile should be the financial regulators

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Govinda now out of danger after successfully undergoing operation to remove bullet from leg

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Reddit user proposes “Zepto but for garbage collection” in Indian cities like Bengaluru

Ashmita Gupta

OPINION: As the entire financial services industry is fast evolving, equally agile should be the financial regulators

Srinath Sridharan

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