Gig economy refers to the labour market encompassing contract workers, freelancers, and workers hired for short-term engagements, platform markets (viz. ridesharing, delivery, and property rentals.
Introduction to the Gig Economy
The “Gig Economy” primarily relates to temporary, flexible jobs offered by companies that usually hire independent contractors and freelancers as against regular onsite employees. The instability and ambiguities introduced by the events of corporate layoffs and the practice of services’ offshoring have diminished regular employment avenues.
‘‘The Poor stay poor, not because they are lazy but because they have no access to capital.” – Laureate Milton Friedman
Introduction to Microfinance
Microfinance (erstwhile microcredit) is a financial service offering loans, savings, and insurance to entrepreneurs and small enterprises that lack proper access to banks or investors. The primary objective of microfinance is to make available to the underserved individuals (since they lack the credit or resources to subscribe to a regular bank loan) the required money so as to invest in their nascent business projects. Continue reading “Microfinance & Financial Inclusion: Servicing the Marginalised India”
Gamification is everywhere now. It is a concept widely being used now by businesses by integrating game mechanics into their functioning to motivate participation, engagement, and loyalty. Over the last couple of years, the gig economy workforce has significantly seen gamification transforming the way they interact, work and more importantly feel about their jobs. Continue reading “How gamification is transforming the gig economy?”
Freelancing was an option earlier to merely make a living without getting into something permanent but now it is seen as a choice by millions across the world for its various boons.
Freelancing has been fostered exponentially over the last decade due to technological advancement, worker’s need for flexibility and being able to work remotely, and the innumerable innovative job opportunities created by the companies to get better quality work and even then save money. Continue reading “Freelance Industry on the Rise”
The Maharashtra government introduced India’s first Fin-Tech policy in February this year to establish, promote and facilitate FinTech start-ups along with an accelerator program.
Mumbai is one of India’s primary economic hubs due to its ideal location, excellent infrastructure and competitive business environment which makes it a thriving FinTech ecosystem. The Maharashtra CM Devendra Fadnavis inaugurated the Mumbai FinTech Accelerator program with a corpus of Rs. 200 Crores to enhance this further. The programme was launched in September and received more than 200 applications. Continue reading “Bonfleet shortlisted out of 200 startups for “Fintech Accelerator Programme” by the Maharashtra Government”