Moneylife Events
How to effectively use a smartphone to make your life so much easier
A smartphone and some carefully chosen apps (properly used) can transform your life in many ways, like staying in touch with your near and dear ones all the time, ordering things from the comforts of your home and perform all your banking transactions, explained Dushyant Saraswat, Vice President of Paytm. He was speaking at a packed workshop "Learn how your Smartphone can make your life so much easier" organised by Moneylife Foundation in Mumbai.
 
 
But there are downsides to technology as well and Mr Saraswat explained this to audience. “Nowadays everyone owns a smartphone and the phone may contain a wealth of information of the user. This can be misused if the phone ends up in the wrong hands. With technology ever-changing, it is important for consumers to protect vital financial and personal information stored on their phones—either in their phonebook, messaging, email or social media applications. You should never store ATM passwords, net-banking account numbers, PINs or other passwords on your phone, he advised. To prevent unauthorized access to your personal accounts or applications, you should always make use of a screen lock password,” he said.
 
According to Mr Saraswat, who handles wallet marketing and Digital Content at Paytm, one should, be very careful about downloading unofficial or unauthorised apps on mobiles. Also, instead of just using an anti-virus, one should use a complete security suite that will protect you from frauds or data theft, he added.
 
Almost every app allows you to sign up with your Facebook or Google account. While this allows hassle-free signups, you also end up sharing personal contact information stored in those accounts. Therefore, to avoid third-party applications misusing your account data, you should not put your phone number and date of birth on Facebook or Google, he cautioned.
 
Often, one has to maintain several passwords to sign in to different accounts. Therefore, many end up creating passwords that can be hacked very easily. Most often people create passwords using family member names or different versions of their date of birth. As these are commonly used, it is the easiest for hackers to crack. Therefore, one should always use a combination of text in upper case and lower case combination, numbers and special characters in between to create a safe password.
 
However, he said, creating a secure password is of no use if you share it with someone. There are several phishing scams where the caller pretends to be calling from the bank and asks for your account details and passwords. Banks will never do this. One should never share their passwords or PIN to anyone via text message or other messaging apps. One may receive emails, which appear to come from your bank asking you to signup or login to internet banking. Or emails announcing you won a lottery. You should always avoid clicking on such links, he said.
 
 
There are several applications available for download through non-official sources. One should only download applications from official sources such as Google Play Store (or iTunes). Mr Saraswat also recommended that one should install complete security applications and not just anti-virus apps. Complete security apps come with several additional features like anti-theft, anti-phishing, and internet security.
 
 
Mr Saraswat speaking at the programme. A complete recording will be uploaded in our channel youtube.com/MoneylifeTV soon.

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COMMENTS

Dr P M Deshpande

4 months ago

I haven't seen the video but there is no concordance between the title and the printed content. The speech is mainly about safety.

Strangely, MSRDC once again calls for videographic traffic count survey at Mumbai’s entry points
In a strange move, the Maharashtra State Road Development Corporation (MSRDC), has once again invited online tenders for videographic traffic count survey for all five entry points to Mumbai (when such a survey was done a year ago); for the Peth-Sangli-Miraj-Mhaisal state highway (the toll booth of which was closed after residents fought and won a court order) and of the Bandra-Worli Sea Link project.
 
The e-tender called for by the MSRDC on 2nd August from traffic survey consultants comprises ‘carrying out continuous 24-hour videographic traffic count survey of the vehicles using a video camera for seven days at ROB on Peth-Sangli-Miraj-Nhaisal state highway; carrying out a similar survey at five toll stations of Mumbai’s entry points and; a similar survey for the Bandra-Worli Sea Link project toll plaza for three days including a survey of number plates too.
 
RTI activist Sanjay Shirodkar has shot off a letter to Chief Minister Devendra Fadnavis, questioning the call for an e-tender, when the earlier survey done for the same places have not been made public nor has the report of two committees been made public. Shirodkar has brought the following to the notice of the CM:
  • Why should there be a toll count once again when the toll plaza of Peth-Sangli-Miraj-Mhaisal SH 138 @ 8km. 56/420, was closed after residents protested and there was a court order?
  • Already such a survey has been done through Videography at All Five Mumbai Entry Points in July 2015. That report has not yet been published in public domain. Why? These surveys are done with Public / Tax payers’ money but are not published for Public/Citizens. Why?
  • Are these activities planned to extend the concession period or to cancel the exemptions? Not clear
  • Why Mumbai-Pune Expressway is excluded from such initiatives where 50,000 ghost/free/exempted/VIP passes vehicles are plying through every day?
  • Along with the Videography survey, why has the CP Joshi and Anand Kulkarni Committee report  NOT been published by the Government of Maharashtra? 
  • I have already complained in January 2016 to VC & MD that MSRDC is under reporting while showing these vehicles under free/exempted/VIP passes categories. The percentage ranges from 25%-50%. No action till date
  • Under section 4 of RTI, it would be interesting to see the names of people asking for exemption on the Bandra Worli Sea Link project.
 
The VIP passes issue on Mumbai-Pune Expressway:
 
Sanjay Shirodkar had also invoked the RTI regarding VIP passes for exemption of toll on this expressway. States he, “PIO-MSRDC simply redirected my application to the contractor (MSRDC reply dated 04 December 2015 & 18 January 2016) requesting the contractor Mhaiskar Infrastructure Pvt Ltd. to provide information on VIP passes issued for exemption in toll on Mumbai-Pune Expressway. PIO-MSRDC requested twice but the contractor Mhaiskar Infrastructure Pvt Ltd did not provide the information. Contractors’ reply dated 19 December 2015 denied the information saying that being a private company they do not come under RTI.’’
 
Says Shirodkar, “It is the duty of the public authority to procure such information from contractor and it should be given to the applicant, but this has not been done till date.”
 
“By his acts, PIO-MSRDC has violated section 4(1) (b), section 6(3), section 7(8), section 11 of right to information, 2005.”
 
Clauses from current contract:
Original BID document of MPEW & NH4 15 year current contract says,
 
Page 189, point 5.1.1.25 says,
Traffic data and data relating to the operation & maintenance of the project facilities are collected.
 
Page 224, point 7 mentions,
About concessional rates for frequent travellers
 
Page 226, point 7.3.4 says,
Contractor shall collect and submit data of prepaid toll and exempted vehicles in the form prescribed by the corporation on request of corporation
 
Page 227, 7.3.13 says,
Contractor shall give all required information and inspection of records to the authorized officers of corporation regarding collection of toll, if asked for
 
Page 228, 7.3.19 says,
Contractor shall issue the monthly passes, concessional coupons, multiple entry passes at respective toll stations only
 
Page 228, 7.3.21 says, 
Contractor shall submit the traffic details and revenue collected on each toll plaza to the MSRDC every month
 
In conclusion, MSRDC is a spineless body, overpowered by contractors – this is despite the fact that commuters pay through their nose for toll tax.

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COMMENTS

Vishal Thakkar

4 months ago

I have started a petition to curb such malpractices at entry points in Mumbai, Mumbai Pune Express Highway and Bandra Worli Sea link. Requesting YOU to support my petition by YOUR signature. Here is the link: https://www.change.org/p/stop-taking-cash-at-toll-nakas-on-mumbai-entry-points

Nifty, Sensex stall on lower volumes – Weekly closing report
We had mentioned in last week’s closing report that Nifty, Sensex were still on an uptrend but risks were rising. The major indices of the Indian stock markets have been range-bound during the week’s trading and have been closing with small losses/ gains at the end of each day’s trading. Considering the week as a whole, there have been marginal losses over the previous week’s close.
 
The trends of the major indices in the course of the week’s trading are given in the table below:
 
 
Negative global cues depressed the Indian equity markets on Tuesday. Consequently, both the key equity indices closed in the red, as selling pressure was witnessed in IT (information technology) and automobile stocks. The BSE market breadth was tilted in favour of the bears -- with 1,634 declines and 1,095 advances. On the NSE, on Tuesday, there were 604 advances, 988 declines and 68 unchanged.
 
India's annual rate of inflation based on wholesale prices shot up to 3.55% for July from 1.62% in the previous month, due to an 11.82% jump in prices of food articles, official data showed on Tuesday. The prices of potatoes continued to pinch with an annual rise of 58.78%, pulses were dearer by 35.76%, while fruit were 17.30% costlier over the same month of the previous year, as per the Wholesale Price Index (WPI) data of the Commerce Ministry. Data released last week showed that the country's annual retail inflation shot up to a 23-month high of 6.07% for July and beyond the official tolerance level of 6%, again due to higher prices for food articles. The July WPI index at 3.55% marks a two-year high.
 
Negative global cues, along with profit booking, subdued the Indian equity markets during the mid-afternoon trade session on Wednesday. Heavy selling pressure was witnessed in information technology (IT) and technology, media and entertainment (TECK) stocks. Auto and aviation stocks showed some strength and traded with firm sentiments, pointed out market analysts. Sugar stocks traded down on the lack of buying interest.
 
Reliance Brands, a part of the Mukesh Ambani-led industrial group, has entered into a master franchise pact with the premium Dutch youth fashion company, Scotch and Soda, to set up its stores in all major Indian cities by next year. "Reliance will also grow the brand through other channels of sale in India, such as ecommerce, travel commerce, and leading multi-brand department stores," the company said, adding the range will cover menswear, womenswear and children’s wear categories through all channels of sale. Scotch and Soda has over 160 stores of their own globally, and can be found in over 8,000 other outlets, including the best global department stores, as also on their Web store. The merchandise is designed at their church-turned-studio in the heart of Amsterdam. Reliance Industries shares closed at Rs1,014.00, down 1% on the BSE on Wednesday.
 
Cable maker CMI Ltd. said on Tuesday its revenues in the quarter ended June grew 69.9% to Rs77.01 crore from Rs45.32 crore in the corresponding quarter of the previous year. Profit after tax was Rs5.50 crore in April-June 2016 against Rs2.83 crore in the first quarter in the last fiscal, a growth of 93.8%, said a statement issued by the BSE-listed CMI Ltd. The profit after tax grew 3.36% on a quarter-on-quarter basis over Rs5.32 crore recorded in the quarter ended March 2016. The earning per share was Rs3.86 in the quarter ended June, up from Rs2.44 in the first quarter of 2015-16. The company announced in April the start of production at its new facility in Baddi in Himachal Pradesh, which is part of the recently-acquired General Cable Energy Private Ltd from General Cable Corporation. 
 
Indian equity markets were lifted by positive global cues and short covering during the mid-afternoon trade session on Thursday. Healthy buying was witnessed in banking, automobile and healthcare stocks. The BSE market breadth was skewed in favour of the bulls -- with 1,610 advances and 865 declines in the mid-afternoon session. On the NSE, on Thursday, there were 977 advances, 444 declines and 71 unchanged.
 
Initially on Thursday, both the key indices opened on a higher note prompted by positive cues from Asian and US markets. The investors' sentiments were also boosted by the decision of the US Federal Open Market Committee (FOMC) to maintain its key lending rates. In addition, short covering and value buying at lower levels aided the key indices to sustain the upward movement. Besides, foreign institutional investors have been continuously on the buying side for the last couple of days, which has extended the support to the Indian markets.
 
Tata Motors Ltd on Thursday delivered 241 buses to the Karnataka State Transport Corporation (KSRTC) under the Jawaharlal Nehru National Urban Renewal Mission. To be deployed on inter-state and intra-state services, the buses are equipped with new-generation Tata Cummins engines, air suspension and multiplex wiring, said a statement issued by Tata Motors. The company did not disclose the value of the deal. Karnataka Chief Minister Siddaramaiah took part in a ceremony representing "handing over" of the vehicles to KSRTC for deploying them on new and existing routes, replacing old buses that have run their course. KSRTC operates a whopping 13,000 Tata buses across the state. 
 
On Friday, the major indices closed with minor losses over Thursday’s close. Selling pressure was witnessed in automobile and information technology (IT) stocks. In contrast, the BSE market breadth was tilted in favour of the bulls -- with 1,413 advances and 1,159 declines. On the NSE, on Friday, there were 899 advances, 701 declines and 260 unchanged. FMCG (fast moving consumer goods) stocks traded with sideways sentiments on lack of buying support. Sugar stocks traded firm on short covering and some lower level buying, according to market analysts. With the major indices on a flat-to-bearish trend in the Indian stock markets, we will have to wait for fresh macro-economic cues or global cues and liquidity to push the market higher.

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