National Ashwini Vaishnaw launches ‘Digital Payments Utsav’ to Promote Digital Transformation By Odisha Diary bureau On Feb 9, 2023 The Minister for Electronics & Information Technology, Communications and Railways, Shri Ashwini Vaishnaw launched the ‘Digital Payments Utsav’, a comprehensive campaign aimed at promoting digital payments across India, here today. Shri Alkesh Kumar Sharma, Secretary, MeitY, Ms. Simmi Choudhary, Economic Advisor, MeitY, Shri Sanjay Bahl, Director General, CERT-In, Shri Akash Tripathi, CEO, MyGov, and Dilip Abse, MD & CEO, NPCI and other dignitaries were present on the occasion. The event, held in the presence of eminent officials from Central Ministries, Delhi Police, Banks and FIntechs, marks a significant step in the country’s journey towards digital transformation. The “Digital Payments Utsav” is an extraordinary campaign that will showcase India’s journey of digital transformation, with a series of events and initiatives to be held from 9th February to 9th October 2023. The focus of the campaign will be on promoting digital payments in the country, especially in the cities of Lucknow, Pune, Hyderabad, and Bengaluru, as part of the G20 Digital Economy Working Group (DEWG) event. Shri Ashwini Vaishnaw addressing at the event Shri Ashwini Vaishnaw shared his vision of the complete […]

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February 8, 2023 Treasury launches interagency Cloud Services Steering Committee to bolster regulatory and private sector cooperation WASHINGTON—The U.S. Department of the Treasury today released a report on the potential benefits and challenges associated with the increasing trend of financial sector firms adopting cloud services technology. While cloud services can increase access and reliability for local communities as well as empower community banks to compete with financial technology firms, the report found that financial service firms ramping up their reliance on cloud-based technologies need more visibility, staff support, and cybersecurity incident response engagement from Cloud Service Providers (CSPs). The report also recommends further evaluation from Treasury and the broader financial regulatory community to continue to determine the financial risks associated with a limited number of providers offering cloud services. The first-of-its-kind report is the product of months of work in coordination with members of the Financial and Banking Information Infrastructure Committee (FBIIC) and was developed with extensive input from U.S. regulators, private sector stakeholders, trade associations, and think tanks. The report does not impose any requirements and does not endorse or discourage the use of any specific provider or cloud services. “There is no question that providing consumers with […]

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The Housing Opportunity Program was established within the Department of Economic & Community Development to encourage and support the development of additional housing units in the State, including housing units that are affordable for low-income and moderate-income individuals. The Housing Opportunity Program: Provides technical and financial assistance to municipalities to support housing development, including support with municipal ordinance development to comply with LD 2003; Provides grant funding to service providers to support municipal ordinance development, planning board and public processes in communities to increase housing opportunities; Provides information to the public about housing development and opportunities; and Establishes statewide housing production goals. LD 2003 On April 27, 2022, Governor Janet Mills signed into law L.D. 2003, An Act To Implement the Recommendations of the Commission To Increase Housing Opportunities in Maine by Studying Zoning and Land Use Restrictions . LD 2003 focuses on removing regulatory barriers to increase housing production in Maine, while preserving municipal ability to create land use plans and protect environmental resources. This legislation requires municipalities to create or amend local ordinances to allow for: Additional density for affordable developments in certain areas; Multiple dwelling units on lots designated for housing; and One accessory dwelling unit […]

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ASU Executive Vice President Maria Anguiano recognized with 2023 Community Empowerment Award Many students take a quick bus ride to school, but when Maria Anguiano was growing up in Mexico, she commuted across the U.S. border every day. As a child, it was ingrained in her that no opportunity was too far out of reach. Access to education was something she and her family worked hard for as eventual U.S. immigrants. This tenacity carried over into her experiences as a first-generation college student at Claremont McKenna College, where she found a way to succeed in an environment that was not designed for students from backgrounds like hers. When she entered the workforce, Anguiano vowed to change the game for learners like her and her sister. In her role as executive vice president of ASU and head of ASU’s Learning Enterprise , she is living out this promise. “Instead of always asking students to come to us — we must find options to go to them,” she says. Removing the burden of access from the learner is the constant premise driving her work. Award-winning community impact On Feb. 8, Anguiano received the 2023 Community Empowerment Award , presented by Inca […]

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On this episode, Monique Rodriguez, CEO and founder of Mielle Organics, shares how she turned her passion for women’s health into the fastest-growing Black-owned natural hair care brand in the world. Carla sits down with Monique to discuss how she’s leading to execute after securing a historic investment deal with Berkshire Partners. An extreme funding gap exists for Black female entrepreneurs who, in 2021, received merely 0.34% of the total venture capital spent in the U.S. in the first half of the year, according to Crunchbase. And while more concerted efforts to diversify capital allocation have come out of these jarring figures, the community of adequately funded Black female founders remains incredibly small. On this episode, we speak with one of the select few Black female founders who got her funding. In 2021, Monique Rodriguez, founder and CEO of Mielle Organics, broke the glass ceiling for Black female founders, inking a nine-figure, non-controlling investment deal with Berkshire Partners. She shares how she turned her passion for women’s health and a nursing background into a global beauty business, and discusses how her atypical path to entrepreneurship became her biggest asset. Then, host Carla Harris sits down with Monique to discuss […]

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COVID-19 pushed higher education online almost overnight. The field transformed itself, troubleshooting on the go to make sure students could succeed while quarantining at home. Federal funding was heavily invested in resources that connected students with technology and high-speed internet. As the pandemic has begun to taper, many institutions are transitioning back to fully-in-person education—but not all. Dr. Jessica Davis-Ganao, associate professor and chair of the criminal justice program at North Carolina Central University. The 22 colleges and 88 campuses within the Technical College System of Georgia (TCSG), and four-year North Carolina Central University (NCCU) have continued to embrace technology as a tool to improve and expand educational opportunities, especially for nontraditional students, through the creation of hyflex or hybrid courses. These programs offer their students options to attend class in person, online, or asynchronously. TCSG and NCCU representatives say this flexibility has made their students happier and increased equitable access to higher education, critical in a time of decreasing college enrollment numbers. To better understand shrinking enrollment, Dr. Jessica Davis-Ganao had conversations with students about what might be preventing them from enrolling or persisting. Davis-Ganao is an associate professor and chair of the criminal justice program at NCCU, […]

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In January, drug makers announce increases in list prices of drugs, which can negatively impact … [+] getty President Biden’s State of the Union Address hammered home the point that drug prices must come down. He reminded viewers that he and his Democratic colleagues are doing something about the problem, as he touted the Inflation Reduction Act’s drug pricing provisions. Moreover, the President reproached pharmaceutical companies for making record profits from insulin, adding that he seeks to expand the $35 per month cap on out-of-pocket costs to the entire population, not just Medicare beneficiaries. Furthermore, Biden said his recently enacted Inflation Reduction Act is “taking on powerful interests to bring your healthcare costs down.” Well, that may be true. But, absent from the speech was any mention of health insurers and pharmacy benefit managers. In the U.S., multiple stakeholders have created a dysfunctional healthcare system, in which an enormous cost burden is imposed on the patient. The ever-increasing financial hardship for many patients is a function of more than just the pharmaceutical industry’s pricing of drugs. Health insurers and pharmacy benefit managers Spiking health insurance premiums, higher deductibles, more limits on coverage, and rising co-insurance saddle the typical American […]

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As cybercrimes and security breaches continue to impact the global landscape, FIU Business has launched an MBA in Cybersecurity Risk Management. Designed for working professionals who have established themselves in the cybersecurity field, with more than four years of experience, this program aims to develop executive leaders who can look beyond technology alone and consider the business implications of cybersecurity strategies, investments and risk. “This is an area that impacts every business, from the largest to the smallest, to protect their resources and as managers it’s a risk we have to understand,” said William Hardin, dean of FIU Business. “We’re proud to offer this new program in a new cutting-edge area we need to benefit our state and the country.” The first class will begin in fall 2023 and graduate in December 2024. Taught fully online, the program includes two optional on-campus residencies at FIU’s main campus. “This program focuses on the business aspect of cybersecurity,” said Karlene Cousins, chair of the Department of Information Systems and Business Analytics at FIU Business. “Many businesses have problems finding employees with the skills required to take leadership positions.” The STEM-designated program will prepare students to take cybersecurity leadership positions in the […]

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Southwest Airlines COO Andrew Watterson plans to tell the Senate Commerce Committee that the carrier didn’t have "enough resiliency" in its operation when harsher-than-expected winter weather slammed "key airports." Watterson is slated to speak in front of the Senate’s Committee on Commerce, Science and Transportation during a Thursday hearing titled "Strengthening Airline Operations and Consumer Protections," which will review the causes and effects of recent air travel disruptions, including Southwest’s December meltdown that led to nearly 17,000 canceled flights. The carrier is facing lawsuits from passengers and its own shareholders regarding the disruption, which is being investigated by the Transportation Department. In written testimony released ahead of the hearing, Watterson said the Texas-based carrier developed a plan, which included pre-canceling flights, "to reduce activity to an hourly rate that was consistent with our proven capabilities." However, the sub-zero temperatures, high winds and frozen precipitation " were worse than forecast " and "had a wide-ranging impact" on operations, especially at its Denver and Chicago Midway airports. Ticker Security Last Change Change % LUV SOUTHWEST AIRLINES CO. 35.30 -0.89 -2.46% Powered By "It became clear that, with the storm severely disrupting our Denver and Chicago Midway stations concurrently, we did not […]

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On February 3, 2023, the Silicon Valley Business Journal ( SVBJ ) published its inaugural Power 100 list, comprising the most important and influential business people working in Silicon Valley. Unlike other SVBJ lists, the Power 100 is not limited to people of a certain age, gender, ethnicity, or by the type of business they operate—it instead is an all-encompassing round-up of the area’s most preeminent leaders. Wilson Sonsini Managing Partner Doug Clark has been recognized in the Power 100 list, where he is described as a specialist in securities matters, having represented defendants in more than 70 class and derivative actions as a litigator. In addition to leading the Bay Area’s largest firm by number of locally-based lawyers for the last 11 years, Doug led the firm during its representation of LinkedIn in its $26.2 billion acquisition by Microsoft Inc. in 2016, and more recently, Twitter in its $44 billion acquisition by Elon Musk. Doug is joined in the Power 100 by leaders like Marc Andreessen and Ben Horowitz (general partners, a16z), Tim Cook (CEO, Apple), David Entwistle (CEO, Stanford Health Care), Jensen Huang (CEO, Nvidia), Pat Gelsinger (CEO, Intel), Sundar Pichai (CEO, Alphabet and Google), Susan Wojcicki […]

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