Spending
Flipkart ties up with Mumbai's Dabbawalas

As a partner to eKart, the Dabbawalas will collect Flipkart's shipments from delivery hubs and deliver them to the customers while picking their boxes

 

Leading e-retailer Flipkart on Thursday announced partnering with Mumbai's world famous Dabbawalas for last mile delivery to its customers in the country's financial capital.
 
"The association with the popular Dabbawalas in Mumbai is an effort to explore newer delivery channels and leverage their unique expertise to enhance our last mile delivery capabilities," the city-based e-commerce firm said in a statement.
 
Without formal administrative machinery, the 120-year-old Dabbawalas (box carriers) system carries lunch boxes and delivers them to their customers across the bustling metropolitan with a population of 21 million.
 
"The Dabbawalas are an inspiration on how to conduct business without paper or administrative back-up to keep costs minimal. As a trusted brand, their unique delivery system has been smooth, reliable and survived the test of time," Flipkart director for last mile delivery Neeraj Aggarwal said in the statement.
 
As a partner to eKart, the Dabbawalas will collect Flipkart's shipments from delivery hubs and deliver them to the customers while picking their boxes.
 
"We have trained the first batch of Dabbawalas at our delivery centres to use a paper-based tracking system with the idea being to train them on using apps and other wearable tech," Aggarwal added.
 
As an e-commerce marketplace, Flipkart offers over 20 million products across 70 categories, including books, media, consumer electronics and lifestyle through cash-on-delivery service with a 30-day replacement policy.
 
The eight-year-old firm claims to have 30 million registered users with 10 million daily visits or hits on its online portal and delivers eight million shipments a month.

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India's social progress ranking below all neighbours

Conducted by Social Progress Imperative, a US-based non-profit organisation set up in 2012, the index is seen as a measure of relationship between income inequality and social progress by using the commonly deployed Gini coefficient on income inequality

 

India has a low rank of 101 among the 133 countries measured for their social progress, even below some immediate neighbours such as Pakistan, Bangladesh, Nepal and Sri Lanka, indicating the level of meeting basic human needs and well-being, among other factors.
 
Conducted by Social Progress Imperative, a US-based non-profit organisation set up in 2012, the index is seen as a measure of relationship between income inequality and social progress by using the commonly deployed Gini coefficient on income inequality.
 
"If the world were a country, it would score 64.39 out of 100 on the Social Progress Index based on a simple average of countries and 61.00 on a population-weighted basis," the organisation said in the latest report. 
 
India's score of 53.06 is even below that.
 
The countries are rated on indicators of well-being such as health, water and sanitation, personal safety, access to opportunity, tolerance, inclusion, personal freedom and choice.
 
Norway has taken the first rank, while the US is at the 16th place.
 
On the parameter of "Tolerance and inclusion", which according to the American NGO is the most difficult parameter, India fares even worse with a rank of 128.
 
On "health and wellness", India is at the 120th place, where the US ranks 68th.
 
The SPI was launched in 2013 and is based on 52 indicators of countries' social and environmental performance.
 
It includes no economic indicators and measures outcomes, in line with SPI's philosophy that focusing solely on GDP implies measuring progress in purely monetary terms and failing to consider the wider picture the things that impact people.
 

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‘Quicksilver’ Markets
Historically high valuations raise concerns about financial stability
 
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