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Handygo Tech to develop mVAS for small farmers in India

The project awarded by mFarmer Initiative, a partnership between the GSMA, Bill & Melinda Gates Foundation and USAID aims to provide small farmers with high quality, relevant and timely information and advice delivered via mobile

Mobile Value Added Service (mVAS) provider Handygo Technologies has been awarded a project from the GSMA Mobile for Development Foundation to support the design and launch of an agricultural mVAS to benefit approximately 1 million small farmers in India over the next two years.

 

The project is awarded by the mFarmer Initiative, (a partnership between the GSMA, Bill & Melinda Gates Foundation and USAID) which was launched in 2011 with the aim to provide small farmers with high quality, relevant and timely information and advice delivered via mobile. Handygo has termed this rural mVAS initiative as ‘mKisan’. The project aims to empower small farmers by providing information and advisory on agriculture and livestock to help them improve their yield and income.

 

mKisan is a unique mobile-based extension service which includes comprehensive information and advice on a wide range of relevant topics including crops and livestock, agricultural bulletins comprising agro met advisory, information on market prices, pest and disease alerts and a dedicated farmer helpline. In addition to this, the mKisan project also aims to test video-based advisory and knowledge sharing tools amongst farmers and will provide specific services for women farmers.

 

Commenting on the announcement Praveen Rajpal, CEO, Handygo Technologies said, “It’s a matter of pride for Handygo Technologies to have the privilege of being associated with the GSMA for such an important cause aimed at empowering the rural community as a whole. This project is a result of our efforts in the field of rural empowerment and has won us recognition.”

 

Handygo Technologies will use its associations for mKisan product development and marketing. The company has framed a consortium with CABI, International Livestock Research Institute (ILRI) and Digital Green for this project. CABI will support on actionable agriculture content and subject matter specialists, ILRI for livestock content and Digital Green for video content on agriculture and livestock. Handygo will promote mKisan in six major states of the country in their regional languages.

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COMMENTS

Asif

3 years ago

I was recently caught in one of the scams run by Handygo. My mobile phone got charged Rs. 3 for a service from them which I did not order. Had I not caught it, they would have take Rs. 3/- from my mobile account every 4th day. If they do this to 1 crore mobile customer, it will fetch them 3 crore rupees every 4 days. Most of the people may not realize this till very late. By then, Handygo has made crores.

What is the point in doing such PR stunts if they are making their money from scams ?

SEBI sitting on DE Shaw’s FVCI application for 6 years

DE Shaw, which has also set up a financial sector joint venture with Reliance Industries in India, had filed this application with SEBI in July 2007 through DE Shaw Composite Investments (Mauritius) II

Global private equity and investment management major DE Shaw’s application to set up a foreign venture capital fund in India has been pending with the Securities and Exchange Board of India (SEBI) for nearly six years, as the US-based firm is yet to provide additional details sought by the market regulator.

 

DE Shaw, which has also set up a financial sector joint venture with Reliance Industries (RIL) in India, had filed this application with SEBI in July 2007 through DE Shaw Composite Investments (Mauritius) II.

 

However, the current status of the application reads as “incomplete information” and reply still “awaited from the applicant”.

 

Emailed queries sent to the DE Shaw Group remained unanswered on this issue. The group also did not reply to queries regarding the current status of its RIL JV, which was announced in 2011, but not much details have emerged about its operations since then.

 

DE Shaw is a global investment and technology development with more than 1,000 employees. It has operations in North America, Europe, and Asia.

 

Under SEBI’s guidelines, it is mandatory for a foreign investor that it should have got itself registered with the market regulator before it proceeds to make investment in Venture Capital Company in India.

 

More than 150 FVCIs (Foreign Venture Capital Investors) are currently registered with SEBI to do business in India, while applications are pending from 10 others, including DE Shaw unit.

 

Among the pending applications, DE Shaw’s is the oldest, while five applications were filed this year itself.

 

Apart from DE Shaw, nine applications pending for SEBI approval are IDG Ventures India, Blackstone Capital Partners (Singapore) VI FVCI Pte Ltd, Faktory Ventures, BCP V Singapore FVCI Pte Ltd, Inventus Capital Partners Fund II, Karakoram, CDC India Opportunities, India Infrastructure Fund (Singapore) PTE, Ltd and Nirvana Digital Investment Holding.

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