MAM
In a bid to help the underprivileged & frontline workers, GOQii launches ‘Health Quiz Karona’
MUMBAI: The nation is facing unprecedented challenges and in times of such adversity, is when we need to unite and fight the battle against the novel Coronavirus. While we sit in the comfort of our homes, it is the frontline workers who step out every day so that they can safeguard and help us come out of this situation successfully and with minimum damage. We now have a chance to contribute and come together as a nation to fight this crisis. GOQii, the smart tech enabled preventive healthcare platform has launched ‘GOQii Health Quiz Karona’, where you can earn points by participating in the quiz and donate them to the underprivileged and frontline heroes who put their lives at risk while serving us.
Though the 21-day lockdown is an extremely important step taken to curtail the spread of the virus, there are many people who are suffering grievously because of the shutdown. Through the ‘GOQii Health Karona Quiz’ you can partake in the act of giving and help the underprivileged and the frontline workers. The health quiz aims at busting myths around coronavirus, learning about health and immunity while lending support to a good cause from the confines of your homes. You can earn points for every right answer, while earning keys by completing daily tasks and inviting friends. Our donor partner – Bajaj Allianz General Insurance will convert the points into donations, while our karma partners – Uday Foundation and Annamrita Foundation will reach out to the underprivileged and frontline heroes to provide and distribute essentials. The more milestones you conquer in the quiz, the more points you can win and subsequently donate.
Commenting on the initiative, Mr. Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance said, “We have always believed in being there for the citizens of our country in their direst hour of need and felt it’s our responsibility to contribute in whatever way we can in the ongoing Covid-19 crisis. We appreciate the initiative by GOQii, as it not only creates awareness about one’s health and well-being, but also encourages people do their bit for the well-being of society at large. As a part of a CSR project, we will be converting the points that people earn in the quiz in donation to Annamitra Foundation, which will then distribute free meals to the daily wage workers. We hope that we are able to make a difference to lives of many.”
Vishal Gondal, Founder and CEO of GOQii said, “This is the time for each one of us to step up and make sure that we as society not succumb to COVID19. It’s these little contributions that will help our government navigate through this time of crisis. GOQii has always believed in the concept of Karma & the act of giving, thus we came up with this interesting concept that will make ‘the act of giving’ a little more enjoyable while being helpful and informative. Through GOQii ‘Health Quiz Karona’ we have made it extremely easy for people to contribute and gain knowledge about COVID19 at the same time. We encourage everyone to be more considerate and help one another in such testing times”
The Health Quiz is also helpful in gaining knowledge about health, well-being as well as correct information on battling COVID19. There are number of quizzes available on GOQii Play, the interactive video coaching platform on the GOQii app, that you can participate throughout the day. It is the right time for all of us to make the best contribution to our health as well as towards others on the frontline.
Brands
Reserve Bank of India cancels Paytm Payments Bank licence
Central bank cites compliance failures; curbs tighten as wind-up looms
MUMBAI: India’s banking watchdog delivered its sharpest blow yet to Paytm Payments Bank, cancelling its licence and effectively ending its ability to operate as a bank under the law.
The Reserve Bank of India said the entity can no longer conduct banking business under the Banking Regulation Act, citing concerns that its affairs were not being run in the interest of depositors or the public and that it had failed to meet licence conditions.
The move escalates a crackdown that has been building for months. The bank had already been barred from onboarding new customers since March 11, 2022, and later faced restrictions on deposits, credit and wallet top-ups. In January 2024, the central bank ordered it to stop accepting fresh deposits, pointing to persistent non-compliance, including lapses in customer due diligence, use of funds and technology systems.
Operationally, the bank is now on a tight leash. It may process withdrawals of existing deposits and facilitate loan referrals through banking correspondents, but it cannot take fresh deposits.
The central bank said it would apply to the high court to wind up the bank.
Paytm sought to ringfence the fallout. In a regulatory filing, it said the licence cancellation applies to Paytm Payments Bank Limited, a separate entity, and should not be attributed to One 97 Communications. It added that there is no exposure or material business arrangement with the bank and that it operates independently, without Paytm’s board or management involvement.
“As informed earlier, Paytm (One 97 Communications Limited) and its services, which have been operating without interruption, will continue to operate uninterrupted. These include the Paytm app, Paytm UPI, Paytm Gold and all other services offered by its subsidiaries and associated companies,” the company said.
The distinction may reassure users of the app ecosystem, but the regulator’s verdict is unequivocal. After years of warnings, caps and curbs, the payments bank experiment at Paytm is being shut down—decisively, and with little room left to manoeuvre.
