Know the Bangladeshi Social Entrepreneur Whom Infosys' Narayana Murthy Praised Lately

Recently, Infosys founder Narayana Murthy stressed the significance of a Bangladesh-based social entrepreneur, who could now possibly head the interim government of Bangladesh, post the unrest in the country. In an opinion article for The Print, Narayana Murthy noted that starting in the mid-1970s, this Bangladesh-based entrepreneur has painstakingly created dozens of organisations that have done a world of good—not only for Bangladesh—but for the world.

The veteran Indian IT pioneer talked about Nobel laureate Muhammad Yunus and his ideas.

“Other leaders studied his models and adapted them in places as diverse as the Philippines, the United States, Kenya, and India. His influence on the thinking and work of a generation of traditional and social entrepreneurs is undeniable,” Murthy wrote.

For an uninitiated, Muhammad Yunus is a renowned Bangladeshi social entrepreneur, banker, economist, and civil society leader. He is best known for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance, which provide small loans to entrepreneurs too poor to qualify for traditional bank loans. This innovative approach has helped lift millions out of poverty and earned him the Nobel Peace Prize in 2006.

Recently, Muhammad Yunus has been chosen to head Bangladesh's interim government following the resignation of the country's longtime prime minister amid violent unrest. His leadership is seen as a beacon of hope for many in Bangladesh, given his track record in social and economic development.

Narayana Murthy has often praised Muhammad Yunus for his groundbreaking work in microfinance and social entrepreneurship. Murthy believes that Yunus’s ideas are crucial in today’s world, especially as we face increasing economic disparities and social challenges.

Yunus’s approach to empowering the poor through microcredit and fostering social businesses can provide sustainable solutions to many of the issues we encounter today. By focusing on creating opportunities for the underprivileged, Yunus’s model promotes inclusive growth and hels build resilient communities.

Murthy’s endorsement highlights the importance of innovative and compassionate approaches to economic development.

Muhammad Yunus won the Nobel Peace Prize in 2006 for his pioneering work in microcredit and microfinance. He founded the Grameen Bank in 1983, which provided small loans to impoverished entrepreneurs who lacked access to traditional banking services. This innovative approach empowered millions of people, especially women, to start their own businesses and improve their living conditions.

The Nobel Committee recognized Yunus and the Grameen Bank for their efforts to create economic and social development from below, highlighting how microcredit can be a powerful tool in the fight against poverty. Yunus' work demonstrated that even the poorest individuals can achieve financial independence and contribute to their communities when given the right support.

Besides the Grameen Bank, Muhammad Yunus has founded several impactful social businesses aimed at addressing various social issues such as Grameen Danone Foods, which is a joint venture with Danone, producing nutrition-enriched yogurt for malnourished children in Bangladesh. Another one, Grameen Shakti, focuses on providing renewable energy solutions, such as solar power, to rural areas in Bangladesh.

An another Yunus-founded entity Grameen Eyecare Hospital offers affordable eye care services to the underprivileged, aiming to reduce preventable blindness.

Yunus Social Business (YSB) is an organization that supports and invests in social businesses globally, tackling issues like poverty and climate change.

These ventures exemplify how Yunus's innovative approach to social business can create sustainable solutions to some of the world's most pressing problems.

Impact of Yunus-Models in India

Muhammad Yunus has had a significant impact in India through his work in microfinance and social business.

The Grameen Bank model has been replicated in various parts of India, providing microcredit to millions of poor entrepreneurs, especially women, to help them start small businesses and improve their livelihoods.

Yunus has even collaborated with several Indian organizations to promote social business and microfinance. For instance, he has worked with the Self-Employed Women's Association (SEWA) to empower women through microcredit.

Yunus Social Business India is part of the global Yunus Social Business (YSB) network, founded by Muhammad Yunus. This initiative focuses on supporting and growing social businesses that address critical social issues in India. The initiative supports and invests in social businesses across India, addressing issues like poverty, healthcare, and education. It aims to create sustainable solutions to social problems by fostering entrepreneurship.

YSB India provides flexible loans and growth support to social businesses, helping them scale and increase their impact. These businesses tackle issues like poverty, healthcare, education, and clean energy.

 

Dhaka-based BRAC Bank Selects Newgen to Deploy Document Management System for Faster and Better Customer Service

Enables over 2,000 co-workers across 187 branches and 8 sub-branches to transform day-to-day operations

Newgen Software, a global provider of low code digital transformation platform, announced that BRAC Bank, one of the largest financial institutions, based in Dhaka, Bangladesh, has successfully implemented Newgen’s DMS. DMS is a part of Newgen’s contextual content services (ECM) platform that will help the bank streamline end-to-end customers’ journeys and deliver transformed experiences.

With the deployment, the bank has a centralized repository for securely managing its end-to-end physical and electronic records while retaining integrity and authenticity. The system enables the bank to stay compliant, facilitates instant uploading of documents, triggers automatic e-mail alerts & notifications, and ensures seamless integration with the core banking applications & third-party systems.

“As a customer-centric bank, BRAC Bank always strives to provide a delightful customer experience. We think embracing new technology is the best way to provide faster and more seamless service. And, that’s why we have rolled out Document Management System. Newgen’s team aligned with our master plan, maintained active engagement during the entire DMS implementation cycle, and ensured a glitch-free and timely deployment. We have significantly minimized turnaround time, digitized paper-based operations, and eliminated process bottlenecks. We will continue to adopt the best-in-class technology to serve our customers better,” said Selim R. F. Hussain, Managing Director & CEO, BRAC Bank.

“We value the adaptability and involvement of our customers at every stage. We are delighted with BRAC Bank’s successful implementation of its digital banking initiatives to transform customer-facing processes. Our solutions will help the bank establish a strong digital foundation while empowering them to stay current, competitive, and future-ready. We are keen to work closely with the bank to explore additional avenues for digitally transforming their organization,” said Tarun Nandwani, Chief Operating Officer, Newgen Software.

About BRAC Bank

BRAC Bank Limited, traded as ‘BRACBANK’ on Dhaka Stock Exchange, has been one of the fastest-growing banks in Bangladesh with a particular focus on the SME segment. BRAC Bank takes pride at the highest Moody’s Rating (currently Ba3) among all banks in Bangladesh for five consecutive years. It is also the first and only bank in Bangladesh with an issuer rating by S&P Global Ratings (B+). With 1.3 million customers, the bank has already proved to be the largest collateral-free SME financier. A member of the Global Alliance for Banking on Values (GABV), it continues to serve as a standard bearer for governance, transparency, ethics and compliance. For more information, visit: https://www.bracbank.com/en/

About Newgen Software

Newgen is the leading provider of a unified digital transformation platform with native process automation, content services, communication management, and AI/ML capabilities. Globally, successful enterprises rely on Newgen’s industry-recognized low code application platform to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. From onboarding to service requests, lending to underwriting, and for many more use cases across industries, Newgen unlocks simple with speed and agility. 

For more details, visit www.newgensoft.com

Sports Betting in Bangladesh 2022

In order to have an unforgettable gaming experience and multiply their income through sports betting, every player is obviously looking for the best bookmaker to make their investment. If every sports betting site has its own advantages, some of them stand out and should be prioritized in order to decide whether to join them or not.

But first of all, what is a bookmaker? If you still have little experience in betting and little knowledge about the world of online betting, know that the bookmaker is a professional cash game that allows us to earn money by betting on sports events through initial deposits. While most of them originated in the United Kingdom, bookmakers now operate all over the world and Bangladesh is no exception. Nowadays, online bookmakers are the favorites for sports betting. Practical, simple and intuitive, these sites allow you to bet at any time of the day. Registration is free and the only money you have to invest is your bets.

Best Legal Bookmakers for betting in Bangladesh 2022

If you are really looking for your ideal bookmaker, choose one of the lists below, which are recognized as the best legal bookmakers of the moment.

• Betway;
• Mostbet;
• ICCWIN;
• Linebet;
• 22bet;
• 4Rabet;
• Melbet;
• Bet365.

As you can see in the comparison table above, there are several sites that can turn any guess into a legitimate bet. While the best strategy is to sign up with several bookmakers with signup bonuses to boost and optimize your winnings, you also need to know which ones to prioritize in order to bet.

Here are the important criteria for choosing bookmakers:

• Site security;
• Site quality;
• Variety of sports betting;
• Welcome bonus;
• Payment Methods;
• Customer service.
• Site quality

One of the key things to include in a list of the best sports betting Bangladesh sites is the quality of the site as a whole. Since you will spend many minutes and even hours compared to the most dedicated bettors on your betting site, the interface on offer is critical to you.

Whether it's the quality of the design or the responsiveness of the navigation (page load time, fluidity, intuitiveness), there are several aspects that are essential to your gaming experience.

Variety of sports betting

The second criterion worth highlighting is the variety of rates and markets offered. Just like the level of odds offered by the site, the variety of markets you can bet on is also taken into account in the rankings. Thus, the sites that offer the most bets on various sporting events, unprecedented events, or even more specific competitions are rewarded by specialists in their final evaluation. The best betting sites should offer a wide range of markets.

Welcome Bonus

Then, the third defining criterion to look out for is the quality of the welcome bonus, also called the signup bonus. In addition to more specific promotions or other issues you will encounter throughout the year on various betting sites in Bangladesh, they all offer a welcome bonus to their new customers. These can take the form of a free bet, a refunded bet, or even a deposit bonus. This is a criterion that, without a doubt, everyone appreciates, and which becomes important from the first steps that players take in the bookmaker in question.

Customer Service

In conclusion, the last defining aspect is customer service. Although other criteria have been interpreted to compile a complete list of the best-licensed bookmakers, the last one is by far the most important. Whether it's answering a player's questions, solving a problem, or simply clearing up any doubt, all operators have an obligation to help their customers.

The best betting sites are the ones that offer the best support to their players. This criterion is definitely not to be underestimated.

Conclusion

Online sports betting is growing in popularity in many countries and Bangladesh is one of them. To choose the best bookmaker, you should take into account several criteria that are important to you and rely on your own experience.

GoMedii Takes A Big Leap on Medical Tourism As the Demand for Quality Indian Healthcare Services Picks Up in Africa and Bangladesh

The full-stack platform brings a host of services right from discovery to post-operation treatments all under one roof in line with government’s “Heal in India” initiatives

Nigeria, Congo, Ethiopia have emerged as biggest African markets for India’s affordable health care services

Keeping in line with the government’s ‘Heal in India’ initiative, GoMedii, a fast-growing health-tech platform, aims to act as a digital enabler for quality and affordable health care for overseas patients, who come to India for medical tourism.

Started by Abhishek Chandel and Rohit Singh in 2018, GoMedii is a full stack digital platform that aims to leverage technology to provide healthcare to overseas patients, who are now preferring India for quality medical treatment that is 50-80% less vis-à-vis other developed economies.

With the government pushing forward for a national strategy and roadmap for medical and wellness tourism, GoMedii has emerged as a leading Medical Value Travel Facilitator (MVTF) that provides overseas patients a host of services right from discovery of the treatment to post-operation services. Working closely with the government, GoMedii aims to organise the highly fragment medical tourism industry by bringing all services under one roof.

Rohit Singh, Co-founder, GoMedii, said that the brand has been playing an active role as an MVTF in Africa, Middle East, Southeast Asia, and the SAARC regions that are the primary markets for medical tourism in India, with Bangladesh and Africa contributing a lion’s share of traffic.

“Government initiative of ‘Heal in India’ will strengthen Medical Tourism and would help the healthcare industry take a big leap. The need of the hour is a robust public-private partnership with MVTFs playing the role of a key stakeholder and drive the business by generating leads in different source countries,” said Rohit.

Rohit pointed out that Africa remains a largely untapped market offering great potential.

“The major performing markets that we see with huge potential to boost the medical tourism sector in India are the African countries like Nigeria, Congo, Ethiopia and more, hence, making the African continent a prime performing market for GoMedii,” said Rohit.

Abhishek Chandel, Co-Founder, said that empowering patients and their families with the right information remains the key and now GoMedii boasts a network of 100 plus hospitals providing quality and affordable treatment.

"We come first in the patient treatment value chain right from the hospital discovery phase and be with the patient in entire treatment journey through an ecosystem of 100+ Hospitals, 500+Doctors, partners, interpreters and pre-post treatment care,” said Abhishek.

GoMedii aims to bank on India’s quality and affordable healthcare as well as budget friendly allied services that make treatment costs 50-80% less vis-a-vis other popular medical tourism destinations like Turkey and Malaysia.

"Besides the significant cost factors, the high number of reputed workforce of the best doctors in the country, state-of-art hospitals, lesser waiting time for appointment, affordable tertiary services, and other medical infrastructure, make India most preferred destination for international patients. We plan to expand our reach across our prime performing markets in the world by empowering the patients and their families with the right transparent knowledge through a well-established partner’s-network,” said Abhishek.

With an aim to give a structure to the fragmented medical tourism industry in India, Rohit said that GoMedii is focusing on three key things – provide technology-driven healthcare solutions; empower patients with reliable information; formalize and give a structure to the medical tourism sector.

Patient data on GoMedii suggests that most of the African patients are coming to India for transplant surgeries, IVF treatment, knee replacements, and oncology treatment. Over the years, patients from Gulf countries have also preferred Indian health care with most of the traffic coming from UAE, Oman, Iraq, Qatar, and Saudi Arabia. Most of the patients from Gulf countries come to India for orthopaedics, cardiac, bariatric surgery, and cosmetic treatments.

Patients from Cambodia, Myanmar, Maldives, and Uzbekistan have started preferring India over Malaysia for cosmetic surgery, dental treatment, organ related treatments, and orthopaedic surgery.

GoMedii is a healthcare technology platform focused at In-Patient care that helps through the entire treatment journey from hospital & doctor discovery, treatment planning to pre-treatment & in-treatment at hospitals until the post treatment care. GoMedii is a facilitation engine which comes 1st in the patient treatment value chain and collaborates with all stakeholders of the ecosystem. We help patients at each step of the journey in getting treatment at established & accredited hospitals. We Are Technology Powered Healthcare Platform & Facilitation Engine Easing Out Patient Treatment journey.

India Offers 49 Rural Technologies To Bangladesh

India offers bouquet of 49 technologies to Bangladesh under the RuTAG program

NEW DELHI, 27 March 2021: FICCI and ThinkThrough Consulting Bangladesh announced partnership to jointly promote and commercialize grassroot technologies developed in India and Bangladesh. The announcement was made as part of the RuTAG Technology Commercialization Programme which is led by the Office of the Principal Scientific Advisor to the Government of India and implemented by FICCI.

A bouquet of 49 technologies received under the RuTAG (Rural Technology Action Group) programme will be offered to industry, social Start-ups and NGOs in Bangladesh. These technologies have been developed at RuTAG centres housed across seven Indian Institutes of Technology (IITs) in India and focus on problems associated with marginal communities in rural areas. RuTAG innovations such as floating fish cages for inland aquaculture, powerless solar dryer for food processing, cold storage powered by pico hydro among others respond to real life problems faced by rural populations.

The technologies are across a wide range of sectors including environment, agriculture and farming, textiles, manufacturing, food processing and aquaculture among others. Besides technology transfer, capacity building support and virtual training sessions will also be provided to Bangladesh entrepreneurs to seamlessly absorb the Indian technologies.

The announcement was made on the side-lines of the visit of Prime Minister, Mr Narendra Modi's visit to Bangladesh.

Prof K Vijay Raghavan, Principal Scientific Adviser to the Government of India stated, "Science and Technology collaboration between India and Bangladesh is towards social and economic development in the region. Both nations can gain immensely through knowledge exchange and technology partnerships. The RuTAG program provides a wide range of grass root innovations that have the ability to create rural livelihood opportunities in Bangladesh."

Dr Ketaki Bapat, Senior Scientist and Co-ordinator RuTAG program, at the Office of the PSA said, "The RuTAG technologies have been developed at the finest institutions in India. We wish to share these technologies with social entrepreneurs in Bangladesh assuring complete handholding support and leveraging digital technologies for successfully adopting these technologies."

Mr Sanjay Nayak, Chair, FICCI S&T Committee and MD, Tejas Networks reiterated, "Through the RuTAG Program, FICCI remains committed to scale Indian innovations in BIMSTEC countries with a special focus on Bangladesh. Bangladesh has been a long-standing development partner of India and there is tremendous potential for our nations on collaborating on the technology front."

Speaking on the partnership, Mr Parul Soni, Global Managing Partner, Think through Consulting stated, "We are delighted to partner with the RuTAG Technology Commercialization Programme. Technological innovations can help rural communities in the world by increasing their income and their yields. While these reduce their risks arising on account of climate change and other natural disasters, these increase their opportunities too."