Finance - Analytics Finance - Associate

UPI Circle: Revolutionizing Shared Digital Payments in India

- The UPI Circle-Delegate Payments feature allows primary UPI account holders to delegate transaction rights to secondary users, enhancing shared financial management. - This feature is particularly useful for families, joint account holders, and businesses, enabling shared access to a single UPI-linked bank account. - Full delegation allows secondary users to make payments independently, while partial delegation requires primary user approval for transactions. - The linking process involves scanning a QR code or selecting contacts from the phone, with security measures like passcodes or biometric authentication. - Key beneficiaries include family members, employees, and rural users, promoting financial inclusion and convenience. Source: [Times of India](https://timesofindia.indiatimes.com/technology/tech-news/upi-circle-what-is-it-features-functionality-and-other-details-of-this-new-feature/articleshow/112690036.cms)

A startup idea , very close to amazon go

So as you know amazon go is not there in india . So I wanna use this opportunity. So imagine a supermarket. The gate of which is like a metro where u scan a qr code ( there will be an app ) and u enter , so ur shopping starts right there . U move through the store , infact in the app , we will have a live map of the store which will show ur position and which things is in which part of the shop so you directly go there instead of wasting ur time . U pick things , there would be cameras which will add that thing to ur cart ( in app ) . After picking up things , u go up to the gate . scan the qr code , as soon as u scan the gate will open. here comes the juicy part , assuming people won't be violent . there would be something like wallet in ur app in which u upload money. Now at the gate . U scan a qr code , then gate will open and money from ur wallet will get deducted. And in case u don't have sufficient money , gate will not open . In that case u need to keep things back in the store to optimize wallet balance or u may add money then and there . The gate will not open until and unless , ur bill <= wallet balance . So this is kind of a vague idea at surface level . Criticisms are welcome.

Cabinet Approves PAN 2.0: A Digital Transformation

- The Cabinet has approved the PAN 2.0 Project, aiming to modernize the PAN system with a Rs 1,435 crore investment. - PAN 2.0 will offer a paperless, online system with enhanced cybersecurity and grievance redressal. - Citizens will receive a free PAN upgrade featuring a QR code, aligning with the Digital India vision. Source: [Mint](https://www.livemint.com/news/india/pan-2-top-things-to-know-it-dept-upgraded-features-who-should-apply-digital-middle-class-ease-of-access-improve-quality-11732587824110.html), [Asianet Newsable](https://newsable.asianetnews.com/india/what-is-pan-2-0-project-benefits-of-the-rs-1-435-crore-initiative-that-every-taxpayer-must-know-explained-snt-sniskj), [Times Now News](https://www.timesnownews.com/business-economy/new-pan-cards-to-come-with-qr-codes-what-to-expect-article-115675653)