Citizens' Issues
CII pays Rs8 lakh to BMC for clearing debris after the Make In India fire incident
BMC had to clean almost 315 metric tonnes of debris and damaged materials from the fire incident at the Make in India event spending over Rs8 lakh, which was paid by CII, the event organisers, last month 
 
The Confederation of Indian Industries (CII) has paid about Rs8 lakh to the Municipal Corporation of Greater Mumbai (MCGM) or BrihanMumbai Municipal Corporation (BMC) as cost for clearing and removing debris from the fire incident that took place during the Make In India week. This follows the expose (about the non-payment) following an RTI application and complaint filed by activist Anil Galgali. After the expos, the Regional Director of CII, on 4 March 2016 paid the amount due to the BMC. The assistant engineer from D ward of BMC, told Galgali that CII fully paid the dues of around Rs8 lakh earlier last month.
 
Earlier Galgali had sought information about clearing of the site post the fire incident on 14 February 2016, under the Make In India program held at Girgaum Chowpatty. In his reply the Public Information Officer (PIO) told Galgali that after the fire incident, the BMC had to clean almost 315 metric tonnes of debris and damaged materials for which it had to spend almost Rs8.06 lakh. "The work was executed by D Ward staff using infrastructure and implements of the ward and other departments, vehicles, own labour and labour for non-government agencies. Simultaneously, the cost incurred for the clean-up was intimated to CII, the organisers of the show, who have till date not responded," the reply says.
 
Galgali, in a letter sent to Ajoy Mehta, Municipal Commissioner, BMC, had demanded that if the organisers fail to pay up, then a police complaint be lodged as the BMC has helped the organisers in a difficult situation and such behaviour was not expected from such prominent organisations like CII.

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Flipkart acquires PhonePe
Bengaluru : E-commerce company Flipkart on Friday said it has acquired Unified Payments Interface (UPI) startup PhonePe, which was founded by its former employees.
 
PhonePe, founded by Sameer Nigam and Rahul Chari, allows users to transact with a unique identification and mobile phone number or virtual payment address, eliminating the need to share other voluminous banking details.
 
"In contrast to the present payments process, which involves entering numerous account/card details and multi-level interventions, UPI will provide a highly secure hassle-free digital payments experience," said a Flipkart statement. 
 
Without specifying the acquisition value, Flipkart CEO Binny Bansal said, "Payment has been one of the biggest hurdles for mass adoption of online shopping in India. UPI has the potential of transforming the entire payments ecosystem in the country."
 
Scheduled to go live in April, PhonePe will transition into Flipkart but will operate as an independent business unit, the statement added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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