While the cracks that have appeared in the buildings of <keyword id="65619" type="General" weightage="20" keywordseo="Joshimath" source="Orion">Joshimath</keyword> are widening, the administration has been facing opposition from the affected people in the demolition drive. In a meeting between the administration and the locals, it was announced that a compensation of Rs 1.5 lakh would be provided to the affected families, which was refused by the locals. Hotel Mount View and Malari Inn were scheduled to be demolished on Tuesday. T Singh Rana, the owner of Malari Inn and his family have been sitting outside the premises and raising demands for compensation. As soon as the officials reached the spot, the hotel owners started opposing the action and alleged that the economic evaluation of their structures had not been done. They added that no notice had been given to them by the administration. In view of the escalating protests, the administration had to step back and postpone the drive to Wednesday. Disaster Management Secretary Dr Ranjit Sinha said that cranes were needed to demolish tall buildings which could not be arranged in the area. He informed that a crane had been sent from Dehradun, which would arrive on Wednesday. Secretary to CM, <keyword id="132215" type="General" weightage="80" keywordseo="meenakshi-sundaram" source="Orion">Meenakshi Sundaram</keyword> said that the drive could not start on the scheduled day since the <keyword id="478779" type="General" weightage="80" keywordseo="cbri" source="Orion">CBRI</keyword> team got delayed in reaching the spot. Chief Secretary Dr S.S. Sandhu, in a meeting on Tuesday, instructed that the affected buildings which may pose a threat to life should be demolished on a priority basis. 723 buildings declared unsafe, 86 marked with red crosses: The number of unsafe buildings in the holy city has reached 723, with 45 identified as unsafe on Tuesday. Out of these, 86 buildings have been declared completely unsafe and marked with red crosses. Their demolition process is said to start soon. The district administration has so far temporarily moved out 462 families. On Tuesday, 381 people were shifted to safer places while 81 families had been shifted earlier. A total of 344 rooms have been acquired by the administration in various institutions and buildings to accommodate 1,425 people. The Home Ministry team headed by the Border Management Secretary reached the city on Tuesday to assess the situation. Apart from this, teams of central agencies including the National Geophysical Research Institute, National Institutes of Health, Central Building Research Institute and the National Institute of Disaster Management have been camping in the area. Chamoli District Magistrate <keyword id="11971508" type="General" weightage="80" keywordseo="himanshu-khurana" source="Orion">Himanshu Khurana</keyword> said that the decision to demolish the hotels immediately had been taken under the Disaster Act, failing which the surrounding residential buildings, highway and the drinking water and electricity lines might get damaged. In areas vulnerable to landslides, the administration has instructed the Energy Corporation to remove power lines, under which connections of 20 unsafe buildings were disconnected on Tuesday. In view of the crisis, Chief Minister <keyword id="2081982" type="General" weightage="80" keywordseo="pushkar-singh" source="Orion">Pushkar Singh</keyword> <keyword id="783597" type="General" weightage="80" keywordseo="dhami" source="Orion">Dhami</keyword> has donated a month's salary to the CM Relief Fund, which will be used to help the affected people. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/here-are-top-10-most-powerful-passports-in-the-world-india-stands-at-85th-position/slidelist/96907574.cms">India moves up 5 ranks on Henley’s most powerful global passports index – Here are the top 10</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/delhi-hc-reserves-order-on-suit-seeking-stay-on-release-of-web-series-based-on-uphar-cinema-tragedy/articleshow/96909071.cms">Delhi HC reserves order on suit seeking stay on release of web series based on Uphar cinema tragedy</a>

Joshimath demolition drive halted over compensation even as cracks on buildings widen

<ul><li>India is now being recognized as one of the largest fintech unicorn ecosystems, home to 21 fintech unicorns.</li><li>Growing adaptation of technology, higher disposable income and young population is aiding the growth of financial technology which has big players like <keyword id="6357120" type="General" weightage="20" keywordseo="paytm" source="Orion">Paytm</keyword>, <keyword id="1763236" type="General" weightage="20" keywordseo="cred" source="Orion">Cred</keyword>, <keyword id="3711711" type="General" weightage="20" keywordseo="simpl" source="Orion">Simpl</keyword> etc.</li><li>Fintech growth in sectors like agriculture, retail, health and property technology will also accelerate the growth.</li></ul>The Indian fintech market is expected to grow ten times and have assets to the tune of $1 trillion asset under management by 2030, says a report by Chiratae Ventures and EY. This growth will come on the back of government initiatives such as Digital India, Smart City, the development of UPI, the report says. Growth will be driven by the digital lending market, which is expected to grow to $515 billion in book size by 2030 and a revenue of $200 billion. “India is now being recognized as one of the largest fintech unicorn ecosystems, home to 21 fintech unicorns as of March 2022,” says the report titled ‘$1 Tn India FinTech Opportunity’. Growing adaptation of technology, higher disposable income and young population is aiding the growth of financial technology which has big players like Paytm, Cred, Simpl, <keyword id="2777173" type="General" weightage="20" keywordseo="razorpay" source="Orion">Razorpay</keyword>, Instamojo, Lendingkart and many others. Popularity of ‘<keyword id="4585897" type="General" weightage="20" keywordseo="buy-now-pay-later" source="Orion">buy now pay later</keyword>’ <a href="https://www.businessinsider.in/personal-finance/news/how-does-buy-now-pay-later-schemes-work-and-what-are-the-penalties-here/articleshow/87788629.cms">(BNPL) </a>products and services has also fueled the growth of the industry both in B2C and B2B payments space. Just like credit cards, <a href="https://www.businessinsider.in/personal-finance/news/how-does-buy-now-pay-later-schemes-work-and-what-are-the-penalties-here/articleshow/87788629.cms">BNPL schemes </a>allow you to buy products beforehand and pay the total amount in installments. According to TC Meenakshi Sundaram, co-founder and vice chairperson at Chiratae Ventures, fintechs have innovated for the underserved financial markets. The ecosystem has been supportive too. “These include fast-growing digital adoption and mobile penetration on the back of the cheapest data rates in the world offered by private telecom players, to enabling regulatory environment coupled with world-leading digital infrastructure (Aadhar, UPI, BBPS etc), and structural reforms and initiatives (GST, TReDSetc.),” said Sundaram. Fintech has also been growing in sectors like agriculture, retail, health and property technology. The report states that payments, digital lending, wealthtech, insurtech, and neo-banking will all be contributing to growth in the fintech space with agri+fintech and prop+fintech considered to be big bets. “India is recognized as a strong fintech hub globally and is increasingly becoming a talent destination for fintech businesses,” said Rajiv Memani, chairman and managing partner at EY India. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/not-only-foreign-investors-but-indian-retail-investors-also-seem-to-be-losing-faith-in-markets/articleshow/93457258.cms">Although FII flows have reversed, retail investor confidence remains low thanks to macro concerns</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/goa-hotels-had-the-most-occupancies-and-they-earned-more-too-says-report/articleshow/93456193.cms">Goa hotels had the most occupancies and they earned more too, says report</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/only-12-delhi-covid-19-cases-are-in-official-records-says-report/articleshow/93446996.cms">Only 12% Delhi Covid-19 cases are in official records, says report</a>

Indian fintechs to grow 10x and manage assets worth $1 trillion by 2030

Dehradun, Mar 12 () All schools in Uttarakhand have been closed till March 31 in view of the <keyword id="1754604" type="PERSON" weightage="20" keywordseo="coronavirus">coronavirus</keyword> threat, according to an order issued on Thursday. However, schools where board examinations are underway will remain open till the exams conclude, according to the order. Pre-primary, primary, upper primary and high schools up to the Intermediate level will remain closed till March 31, School Education Secretary R Meenakshi Sundaram said in the order. The decision has been taken as a safety measure in view of the coronavirus threat, it said. ALM CK

Coronavirus: Uttarakhand schools to remain closed till March 31

Chennai, June 19 () With a global race on to find a cure for the deadly coronavirus, teams of Siddha doctors in Tamil Nadu who dug deep into the traditional system of medicine have found 'kabasura kudineer' a herbal concoction to be effective in managing COVID-19 cases. At least two research papers in Siddha, including one after the novel Coronavirus began to spread in Tamil Nadu in early March this year, claim kabasura kudineer is effective in managing the COVID-19 positive persons. Kabasura kudineer is a herbal concoction, comprising dry ingredients of ginger, pippali, clove, cirukancori root, mulli root, kadukkai, ajwain and many other herbs. The ingredients are powdered and mixed with water, then boiled to make a decoction of one-fourth of its initial volume. Incidentally, the Tamil Nadu government has also been promoting its consumption to boost immunity, although it has made it clear that it is not a medicine to treat COVID-19. A study on two groups of COVID-19 positive cases both primary and secondary contacts, numbering 84 in nearby Vellore claim the study may be taken as a preliminary evidence of the protection offered by the herbal drink and its prophylactic effect in high risk COVID-19 cases. The study by Dr V Vikramkumar, Assistant Medical Officer (Siddha), Tirupattur district, S Ganesh, Director, Directorate of Indian Medicine and Homeopathy in Tamil Nadu,M P Sivanarul, Tirupattur District Collector, P Parthiban, Joint Director, Directorate of Indian Medicine and Homeopathy, Tamil Nadu, and others was conducted in April. It found that those who received kabasura kudineer intervention tested negative for COVID-19 on April 6, 2020 and those not administered the herbal concoction tested positive. From the chisquare test analysis and graphical interpretation it emerged that there is an association between the intake of the concoction and the patients' health status, according to the study. Kabasura kudineer was distributed to 42 patients in quarantine facility at Agraharam in Tirupattur district. At another facility in Jamiya College of Ambur taluk in the same district, Kabasura kudineer intervention was not resorted to for the subjects. They were quarantined on April 1, 2020 and special attention was given to both groups. No home-made food was given to them, but only that prepared and given by a supervision team. For the treatment group, 60 ml of the concoction was administered daily after food to adults and 15 ml to children for 14 days. Both groups comprised 42 patients each and their ages ranged between 3 and 70 years. All patients were quarantined on April 1 2020. A five-year-old male child in this group got relieved from dry cough after drinking four doses of kabasura kudineer under adult supervision. Further, 10 patients got immediate relief from mild tiredness after the intake. No adverse effects were reported, according to the study. Swabs for PCR for six cases (direct positive contact) on April 6 showed negative. Repeat sample tests on April 20 also showed negative results. Secondary contacts tested on April 11, too, were negative. However they didnt develop any symptoms and no repeat tests were done. In the control group all the cases were tested on April 6 and five primary contacts out of 42 tested positive and the others negative. After 14 days quarantine period all others (secondary contacts) were out of symptoms and therefore no second testing was done for these cases. Immediately after the COVID-19 pandemic was first reported from Wuhan, China, in December 2019, a team of Siddha doctors took up research on kabasura kudineer and Thonthasura Kudineer-- the two Siddha formulations used against fevers due to respiratory infections. Siddha medicine classifies disease and disorders into 4,448 types and has remedies for more than 64 types of fevers. In a paper published in the Asian Journal of Pharmaceutical Research and Health Care in January this year, K Pitchiah Kumar, State Licensing Authority, Directorate of Indian Medicine, Government of Tamil Nadu, K Meenakshi Sundaram, Sanjeev Biomedical Research Centre and M S Ramasamy, through their study, demonstrated kabasura kudineer could be a potential Siddha medicine for COVID-19, provided further preclinical and clinical confirmatory studies were conducted. Kabasura kudineer contained more active phyto constituents, the higher activity than in Thontha sura kudineer was observed, in the study on silico evidence for Corona Viral Drug. Meanwhile, two pilot studies conducted in May and June 2020 by the National Institute of Siddha, Tambaram, here and SRM Medical College Hospital and Research Centre on the herbal concoction revealed that 99 per cent COVID-19 cases turned negative within five days. COR SA APR RAVINDRANATH APR RAVINDRANATH

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Joshimath demolition drive halted over compensation even as cracks on buildings widen

IANS

Indian fintechs to grow 10x and manage assets worth $1 trillion by 2030

Bhakti Makwana

Coronavirus: Uttarakhand schools to remain closed till March 31

BI India Bureau

Siddha research papers throw light on efficacy of 'Kabasura kudineer' in managing COVID-19

PTI