More than 95% MSMEs Favor Daily EMIs, Pay Back Loans within 30 Days
More than 50 percent of retailers and wholesalers said they are willing to pay in 7-15 days installments, according to a survey from Solv, a B2B e-commerce platform for micro, small and medium enterprises (MSMEs).
The survey of 1000+ MSMEs revealed that over 95 percent of respondents indicated they would pay back loans within 30 days if given the option of daily repayment or daily EMIs.
Most small retailers willing to pay daily EMI are comfortable paying Rs. 500 or Rs. 2000 daily to ease their repayment burden and help them get better access to revolving credit. Interestingly more than 50 percent of micro and small businesses said they would like to ease the repayment process through automatic deduction from their bank accounts.
On collection of payments from customers, the survey found that while cash is still the most preferred mode, there has been a sharp 3X rise in collections through UPI vis-à-vis debit and credit card payments. 90 percent+ of small and micro businesses have a UPI QR code, while only 20 percent have a PO machine for debit/credit card acceptance in their shops.
India to Require over 20 Lakh Cloud Professionals by 2025: Nasscom
India is likely to see demand for cloud professionals to touch 20 lakh by 2025, as the need for businesses to migrate critical workloads to Cloud and modernize legacy on-premise IT infrastructure has been accelerating growth in cloud adoption in the country, as per the recent study from Nasscom.
Nasscom said in the report that India currently ranks third globally with an installed talent pool of 608,000 (FY2021) cloud professionals. By 2025, India would have an estimated 14-15 lakh cloud professionals (baseline growth). However, with an estimated demand for over 2 million professionals by 2025, India could reach 17-18 lakh cloud talent pool with a fairly aggressive skilling roadmap.
India saw about 380,000 job openings for cloud roles in 2020, a 40 per cent growth over 2019.
Tesla Starts Hiring Roboticists for its Humanoid Robot Project
Electric vehicle maker Tesla has started hiring roboticists to build its recently announced Tesla Bot, a humanoid robot to become a new vehicle for its AI technology.
The automaker started listing some roboticist job postings related to Tesla Bot including Mechanical Engineer-Actuator Integration (Humanoid Robot), Mechanical Engineer-Actuator Gear Design (Humanoid Robot) and so on.
Recently, Musk announced that his company is working on a humanoid robot and the prototype will arrive sometime next year. The 5.8-inch bot would be used to handle automated machines at Tesla factories, as well as some of the hardware and software that powers the Autopilot driver assistance software. The Tesla robot will weigh 125 pounds and have a walking gait of 5 miles per hour. The face will house a screen to display important information.
