Friday, 24 August 2018

Jet Airways partners with NGOs for relief to Kerala


24/8/2018 

PUNE (MUMBAI): Jet Airways, India’s full service, premier international airline, has waived off air freight charges on all domestic cargo shipments of relief material to Kerala.

The airline is also working closely with the State Administration and several NGOs such as Resul Pookutty Foundation, Uday Foundation, The Art of Living, Karukapadath Charitable Trust, Rotary India, Doctors for You and Americares India among others, to support relief and rehabilitation efforts in Kerala.

Till date, Jet Airways has airlifted over 10 tonnes of relief material comprising medicines, clothes, baby food, rice and other provisions, milk powder, bed sheets, and linen to the flood ravaged state. At this critical hour, help is forthcoming from everyone including celebrities and other personalities who have channelised their assistance through several NGOs. 

Jet Airways has transported a consignment containing medicines, clothes and food to the Chief Minister’s Relief Fund today on behalf of the Resul Pookutty Foundation, contributions to which were made by superstar, Amitabh Bachchan, Oscar and Bafta winning Indian film sound designer, Resul Pookutty and Alia Bhatt among many others.

Commenting on the same, Resul Pookutty said, “I am overwhelmed with the kind of help coming in from various quarters in the last few days. I am grateful to everyone who has contributed to the relief efforts especially Amitabh Bachchan and Alia Bhatt. I would also like to send a heartfelt thank you to Jet Airways for quickly carrying the relief materials to Thiruvananthapuram from Mumbai and waiving off the air freight charges. ‘Incredible India’ epitomises the actual spirit of India and not just a tagline.”

Vinay Dube, CEO, Jet Airways said, “Jet Airways takes great pride in standing united with the communities it serves. While our efforts to alleviate the suffering of those affected by the devastation in Kerala are small measures given the scale of the destruction, we are taking every possible step to help people recover from this life-altering tragedy.”

In addition to waiving off air freight charges, Jet Airways had already been capping its Economy fares on all of its non-stop domestic flights to/ from its operating destinations in Kerala (Thiruvananthapuram, Kozhikode, Kochi) and Mangalore. The airline has also been operating additional flights on both domestic and international sectors for the added convenience of its guests. Effective 24th August, Jet Airways will operate daily flights to the Naval airfield at Kochi from Bengaluru.




Tyzer outlets to reach 100 mark soon: Marathe

Kunal Marathe, Director

24/8/2018

PUNE: Tyzer, the first apparel brand for men that came with one year full replacement guarantee against any manufacturing defect is creating waves. In the first year of operations itself over 50 stores of Tyzer have come up in 17 districts of Maharashtra, this number will soon be taken to 100 announced Kunal Marathe, Director and CEO of S. P. Lifestyle Brands Private Limited the holding company of Tyzer.

He was talking during the Press Conference held in the city recently, which was organized on the first anniversary of Tyzer. Speaking on the occasion Kunal Marathe said, “While expanding the chain of Tyzer further, our focus will be more on rest of Maharashtra other than Mumbai. These 50 new outlets that we are planning to set up in next 2 years time will come up in regions like Marathwada, Vidarbha and North Maharashtra.”

“We have generally noticed that usability and comfort do not go hand in hand. The clothes that are comfortable are not very easy to use and maintain at the same time the ones that are easy to use may not be very comfortable. We have made a successful attempt to strike a right balance of comfort and durability with a perfect blend of fabric for Tyzer products and that too at right price and top quality due to which Tyzer received warm welcome in the highly competitive apparel market for men,” he added.

Tyzer was introduced with a revolutionary 1 year guarantee on its products. Here, free and full replacement of any Tyzer product is given against any manufacturing defect within a year from the date of purchase. In the very first year of operation, only 0.5 percent clothes were returned for the reason mentioned above. It must be noted that in case of manufacturing defect found within a year of purchase, you can return it at any Tyzer outlet, there is no compulsion of it getting replaced from the same outlet where it was purchased.

Currently, Tyzer offers a wide range of Shirts, Trousers, T-Shirts and Jeans. Very soon a nice range of occasion wear shall be introduced. Tyzer has manufacturing facility at Baramati. At present its manufacturing capacity is 35000 shirts and 8000 trousers per month. This production capacity shall soon be increased considering the upcoming expansion of stores. For the capacity expansion of production facility company would be investing about 7-8 Cr.

Aaryans Group to set up solar thermal power plant

Manohar Jagtap with Smita Shitole
16/8/2018

PUNE: Newly formed city based Aaryans Group is foraying in green energy segment by setting up a first of its kind Solar Thermal Power Plant at Taluka Malshiras, District Solapur in Maharashtra.

An announcement to this effect was made by Smita Shitole, Managing Director of the group during a Press Conference held in the city today. Apart from the green energy segment she also announced group’s foray in the media and entertainment segment. Mukund Jagtap, Swapnali Jagtap, Director of the Group and Ajay Jagtap were also present on the occasion along with Manohar Jagtap, Group CEO.

While sharing the details of the project Manohar Jagtap said, “This is a first of its kind Solar Thermal Power Plant in the state. It will be set up by our group company Kanishka Enterprises Private Limited and its development shall be spread across 3 different phases.”

“When all the 3 phases become operational the plant would have the capacity to generate 1200 megawatts of solar power. Work for the 1st phase shall begin in the month of October this year and is likely to get completed within a year. The first phase would have capacity to generate 300 megawatt of solar power and investments to the tune of Rs. 300 Cr shall be made in the first phase. UK and Singapore-based Mittal Inc shall be making this investment in the project,” he added.

Apart from the Solar Power generation, which will be sold and distributed as per the state Government policies, an educational complex shall also be set up at the plant premises. This educational complex will run short term courses in solar energy for the science students.

The Media vertical of the group shall be run under 2 of its group companies Mayboli Entertainment Private Limited and Swarang Entertainment Private Limited. Primarily it will have 3 channels including Janvruttant - 24 hours Marathi News Channel, Swarang – a general entertainment channel and DreamzBox – an educational channel that will have content related to SSC pattern of schooling.

The web portals of these channels were launched at the hands of Mukund Jagtap during the Press Conference. The satellite transmission of these channels shall begin by the end of October. Initially, the news and entertainment channels would be free to air. The educational channel will be subscription based. Aryans Group will also open broadcasting engineering courses in the city, said Jagtap.

The group is planning to invest about Rs. 250 Cr in the media business over next couple of years. Investments worth Rs. 100 Cr are being made immediately to create necessary infrastructure for all the channels mentioned above. In the near future, the Group also has plans to get into sugar industry and infrastructure segment.

Wednesday, 15 August 2018

Pune to host Intl Symposium on joint replacement

15/8/2018

PUNE: Lokmanya Hospitals is organizing the International Symposium on Joint Replacement at JW Marriott on 17 and 18th August 2018. The two day deliberations will include expert National and International speakers and will include case studies, paper presentations, live surgeries  and the way forward for Joint Replacement technologies.

This symposium in tune with the need of the times is aptly based on the theme 'Interactive Technology' and shall be adorned by an experts who have witnessed the transition from conventional to Robotic Technologies. Experts from the US , Dubai, Iraq, Iran, Oman and Yemen and more than 250 Indian Orthopedic experts will participate in the deliberations.

Dr Narendra Vaidya , Managing Director, Lokmanya Hospitals said that technology has found to be an asset in the current era of advanced Joint Replacement . Innovations have blessed us with technological marvels , among which at the forefront is " Robotic Arthroplasty." Joint Replacement has proved to be a great boon to patients suffering from terminal arthritis.

Total Knee Replacement is said to be one of the most successful surgeries of the last decade. However 25-30% of the patient's are yet to experience the adequate outcomes of the same . There seems to be a definite scope for improvement in terms of accuracy and precision involved in the procedure. We today stand the helm of ground breaking surgical advancements. The recent technologies available in Arthroplasty impart an efficient and effective tool in the hands of the joint replacement surgeon , enabling consistent reproducible results.

The topics to be discussed include Conventional Knee Replacement - What is lacking ? Evolution of technology in arthroplasty, Robotic Surgery with surgeon's and engineer's perspective, brain storming on various topics , case studies, debate on conventional v/s robotics etc. 

Dr Vaidya added that the conference and workshops are important as they will impart the much needed training on Robotic Surgeries to surgeons from other cities .Patients go as far as Europe and US for Robotic surgeries which can be costly. Currently Lokmanya hospital has provided robotic assisted knee  surgery in very affordable cost and make the precision procedure available to common man in semi urban and rural parts will require more training and that is what this conference will impart.  

He added that the problem of knee pain is a challenge  world over . Every third person In US about 91 million people suffer from joint pain, while in India about 28.7% people in the age group above 60 years suffer from joint pain. Sedentary life styles , lack of exercise, bad eating habits are causing joint problems in ageing population. Robotic Surgeries are precise and minimally invasive and result in faster recovery.

Monday, 13 August 2018

Hackers rob Cosmos Bank; lay hands on 94 Crs

14/8/2018

PUNE: Online fraudsters break security of a leading cooperative bank, Cosmos Bank and transferred around 94.42 crore rupees to a account in other country and withdrawn this money successfully. Bank officers said that this was a malware attack and they are scrutinising the case.

Cosmos Bank lodged a police complaint against unknown cyber criminals and a Hong Kong based company, ALM Trading Limited today. Atleast 13.92 cr rupees were transferred to ALM’s bank account in Hong Kong.

Elaborating the incident, Police said that the ATM server located at Cosmos Head Office on Ganesh Khind road was hacked around 3 pm to 10 pm on August 11. The hackers had stolen information of Visa and RuPay debit cardholders. In 12000 transactions of Visa card, the cyber criminals transferred Rs. 78 crores out of India. Similarly, through 2889 transactions of RuPay Card holders, Rs. 2.5 crores were transferred within India.

On August 13, hackers transferred 13.92 crores to ALM Trading Limited’s Hong Kong bank account through SWIFT transactions. Prima facie it is revealed that criminals targeted only Cosmos bank. Suhas Gokhale, bank top official lodged FIR  in Chatushringi Police station against unknown persons and ALM Trading Company for offences under sections 420 (cheating), 379 (theft), 120b (criminal conspiracy), 34 (common intention) of the Indian Penal Code and relevant sections of Information Technology (IT) Act.



Monday, 6 August 2018

Oscar-winner from Pune feels gaming is the future

6/8/2018

PUNE: Dr Manhattan from Zack Snyder’s ‘Watchmen’, the CGI-heavy baddies from the Spider-Man series, the entire cast of heavyweights from Robert Zemeckis’s ‘Beowulf’ have the trailblazing know-how of Pune’s Parag Havaldar in common. Havaldar, a student of St Vincent’s High School in Camp, helped develop the expression-based facial performance capture technology. “What we tried to accomplish with Beowulf was ahead of its time,” he told pune-news.com during a visit to Pune.

“Zemeckis is a visionary director. He was clear that he wanted only performances. His idea was, ‘Why don’t we just capture the actors and get the emotions out? Everything else -clothing, make-up or lighting - can be done in post-production,” Havaldar added. Beowulf was filmed in three weeks with the actors performing with sensors on their bodies. Post-production took a lot longer and was more controlled, Havaldar added. In comparison, most other films are shot over several months.

The impact of the technology which was nascent then can be felt in every other film, especially in superhero capers. For all his efforts, Havaldar received an Academy Award in 2017. His family moved to Zambia when he was four and stayed there for seven years. Upon his return, he joined St Vincent’s, where he forged a lifetime of memories. “I recall cycling with many of my friends. But what really stood out were my struggles with Marathi,” was Havaldar’s amused confession. “I was fluent in three Bantu (African) languages, but I couldn’t write or read Marathi. I failed the subject often,” he said, adding that his friends bailed him out.

He finished school in 1987 and went to study at IIT-Kharagpur and graduated in 1991. He finished his PhD in computer graphics and computer vision in 1996 from the University of Southern California and became a part-time faculty there. Talk inevitably turned to his Academy Award. He was recognized for his work in pioneering and establishing expression-based facial performance capture technology.

“I was pleased, surprised, humbled and honoured to get the Oscar. It was a culmination of eight years of hard work,” Havaldar said. Each year, the Academy of Motion Pictures and Sciences explores technologies that have had a wide-reaching impact on film making. Last year, after thorough research, investigation, and evaluation, they recognized the man responsible for a tectonic shift in modern film making. It is process that involves experts from the industry, researches and professors in the field.

“I had moved away from films; I was working in the game industry for (Activision’s) Blizzard Entertainment, when I received the call,” he said. Havaldar has strong roots in Pune where his parents and his wife’s family live. “I visit Pune every other year, but this is my first visit after five years,” he said. Which makes it the first time Pune’s first - and only - Oscar winner has come home since that momentous night in 2017.

At the moment, when Parag is not shaping young minds at USC, he is spearheading R&D at Blizzard. “The future lies in gaming, the trajectory of technology is more exciting. It’s about interacting with digital actors and game cinematics. The industry will move away from the current gaming format,” he said, while admitting that he will never say never on returning to films.

Sunday, 5 August 2018

A body found in Pune, cops probing Maratha quota demand link

5/8/2018

PUNE: The police found the mutilated body of a man near a railway track here along with a note in which he had purportedly written that he would commit suicide if the Maharashtra government does not grant reservation to the Maratha community by August 5.

The station master of Daundaj railway station informed the Jejuri police at around 6 am about a body lying close to the tracks, a police official said. The deceased was identified as Dattatray Tukaram Shinde, a resident of village Pingori in Pune's Purandar tehsil. He worked as a driver with a private travel firm in Shirur, the police said.

A note was found near the body, apparently written by Shinde, in which he said he would commit suicide by jumping into a river if the Maratha community does not get reservation by August 5, Superintendent of Police Sandip Patil said.

"We are investigating whether it is a case of suicide or he was run over by a train," he said. In another incident, the police in Wakad detained nine people, who threatened to commit suicide in support of the Maratha reservation demand, as a preventive measure.

They are members of Maratha groups Sambhaji Brigade and Chhava Sanghatana and had threatened to commit suicide on Saturday by jumping off the Pune Collectorate building, a police official said. They also demanded that the state government pays Rs 50 lakh as compensation to the family of Kakasaheb Shinde (27).

A Maratha community member, Shinde jumped to his death in Godavari river in Aurangabad district on July 23. The politically influential Maratha community, which constitutes around 30 per cent of the state's population, has been agitating for reservation in jobs and education sector.

Pune GST office busts tax scam

5/8/2018

PUNE: The Directorate general of GST intelligence (DGGI) , Pune zonal unit, has arrested Shirish Shah (50), a resident of Mumbai, on charges of allegedly managing, operating and controlling 212 shell companies, some of which were used to funnel service tax charges away from government coffers.

As per probe documents released, one of Shah’s 212 companies, M/S Allied Computers International (Asia) ACI Ltd, issued fake invoices of Rs. 70 crore and Rs. 7.30 crore collected as service tax, none of which has been paid to the government.

Intelligence generated by DGGI Pune indicated that M/S ACI, holding a service tax registration number, is a shell company raising tax invoices by charging service tax without providing any service and moreover, these invoices are further used by companies identified as M/S Designtech Systems Ltd and M/s Skillar Enterprise India Private Ltd, for input credit.

As per the investigation, M/S Designtech is part of a tripartite agreement entered to in 2015 with the Andhra Pradesh state skill development corporation, and M /s Siemens Industry Software India Ltd, for setting up and operating skill development centres in Andhra Pradesh.

According to documents, under the contract, Rs. 300 crore was received by S Design Tech. Subsequently Rs. 200 crore was transferred to M/S Skillar by M/S Designtech out of which M/S Skillar mis-utilised invoices raised by M/S ACI, charging service tax to route public funds in an illegal manner.

M/S ACI is a shell company with no office and operated by Shah from an office premise situated at Dhobi Talao in Mumbai. “He had entire control over issuing tax invoices and had also deposited money in the bank account of M/S ACI from the respective companies,” the documents state. Shah had been on the radar of IT sleuths for some time, and is considered to be a master financial criminal.

The investigation was carried out by Ajitkumar Karthikeyan, senior intelligence officer, and Ajit Limaye and Kundan Pratap, intelligence officers of DGGI, under the guidance of Vaishali Patange, Deputy Director, DGGI, Pune unit.

Mobiistar launches smartphones in Maharashtra


(L-R) Ajitabh Jerath, VP, Mobiistar and Carl Ngo, CEO of Mobiistar

5/8/2018

PUNE: International smart phone brand Mobiistar announced its entry into Maharashtra’s offline market bringing a range of 5 selfie centric smartphones. With its brand promise to ‘Enjoy More’ by bringing uncompromised user experience and taking a step further in  offering a great selfie experience at affordable price points, Mobiistar’s new range includes -C1 Lite, C1, C2, E1 Selfie and the X1 Dual.

To bolster its operation in Maharashtra, Mobiistar is going to partner with 52 distributors and 4000 retailers in Maharashtra for its seamless entry to the offline market. The company will also hire over 325 employees and has established 106 service centres across Maharashtra to live up to its promise of best in class customer experience. All the devices will be available at stores across the country, from 3 rd August.

Pune is the first city in Western India that Mobiistar will build its stronghold before venturing further. Smartphone penetration is extremely high in Western India, with about 28% in value which is why this market is so important for Mobiistar. Its new range is available at extremely attractive prices. The C1 Lite will be available at Rs. 4,340, C1 at Rs. 5,400, C2 at Rs. 6,300, E1 Selfie at Rs. 8,400 and the X1 Dual at Rs. 10,500 thus giving consumers smartphones at every price option between the 5k and 11k segment.

Talking about the launch, Carl Ngo Co-founder and CEO of Mobiistar, India and Global, said, “While we entered the country in May, we wanted to highlight our strong commitment towards the country by establishing ourselves more deeply into its ecosystem. Maharashtra is and extremely important market for us since smartphone penetration is extremely high in this market.

He added “Our phones cater to the selfie driven Indian who is also cost conscious thus Mobiistar provides a meaningful user experience with affordability. We want to give our consumers a chance to shine and Enjoy More through our new range and provide them with excellent service quality assuring them end to end convenience. With our new range of selfie-centric smartphones, we aim to be a part of the top 5 smartphone brands in the affordable segment by the end of the year.”

Ajitabh Jerath, VP for Sales and Operations, South and West, Mobiistar, said, “We are certain that our offerings will be well received by users here. Apart from bringing selfie centric phones which are the demand of the hour, Mobiistar is also catering to all the other necessities like a strong distributor base and service centres for all round consumer convenience and satisfaction. We anticipate great results from this market and are very excited about the launch.”

Friday, 3 August 2018

Nisha Jadhav selected for Dairy Mgmt studies in US

Nisha Jadhav
4/8/2018

PUNE: Nisha Jadhav from Pabal Village (Shirur Taluka) in Pune District has been selected by Pune based Prolearn India for her advanced studies in Dairy management in US. This would include a year of internship and a four month diploma program at the College of Food, Agriculture and Natural Sciences at Minossota University.

She will be leaving for US on 5th August 2018. Prolearn India is a group of professionals from agriculture related fields like Education, Agri-Corporates and Agri-Consulting.The institute runs agribusiness management courses.

Nisha Jadhav said, “after completing my studies in US I will come back to my village and set up my own dairy business by inculcating latest technologies in dairy farming and processing . While the Dairy Industry is going through challenging times, I would want to bring tangible solutions to help it grow in the future.”

Nitin Thakur, Director of Prolearn India said, “Nisha Jadhav has set a new benchmark for the girls in the Dairy Management area. As of now we have selected 9 students for this program from our institute, Nisha is the first girl from our institute for this program. Nisha is a student of Agribusiness Management at our institute.” 

Nisha Jadhav was congratulated by Member of Parliament Supriya Sule who conveyed her best wishes for further studies.

Air India starts exporting cargo to Dubai from Pune


3/8/2018

PUNE: Air India commenced international cargo export to Dubai from Pune on Thursday.

AI station manager Suhas Jadhav told pune-news.com that the national airline flew 550 kg of babycorn from Pune to Dubai. This is expected to boost the dwindling international cargo operation at Pune airport.

The airport authorities had earlier announced the international cargo transshipment facility and Jadhav said that they will soon apply for it. “We are in the process of applying to the Pune customs,” Jadhav said. Currently, Air India, SpiceJet and Jet Airways operate international flights to Dubai and Abu Dhabi from Pune airport.

Manatarang Film festival on 13th of August

3/8/2018

PUNE (THANE): Institute for Psychological Health (IPH) is an NGO from Thane that has been working in the field of mental health since 1980, organises a film festival on 13th of August. Its primary goal is destigmatization of mental illness.

Manatarang is the biennial film festival organized by Institute for Psychological Health (IPH) since 2010. It is a unique film festival that is dedicated to the theme of mental health and is entering its fourth edition this year. It is held during the mental health week in October.  

This year, with the fifth edition we wish to raise the bar even higher. It is going to be a 2 day event in October (13th  and 14th October 2018) to be held on the premises of Singhania School, Thane. For the fifth edition we are going to screen some handpicked short films along with some award-winning documentaries. The themes that we have selected for this year are:

• Social change as reflected in Ad films. • Accepting non conventional sexual preferences. • Wedding knots ! Nots ! • How to enjoy a movie : session by 3 film critiques • Award winning short films chosen from the contest . • Two documentaries with a salient messages.

Bank of Maharashtra announces Q1 results of 2018-19


3/8/2018

PUNE: Bank of Maharashtra reported a loss for the 10th consecutive quarter as bad loans continued to mount and provisions soared. The bank said on Friday that its June quarter loss widened to Rs 1,119 crore from Rs 412.20 crore a year ago.

Board of Directors of Bank of Maharashtra announced the financial results for Quarter ended June 30, 2018 today. Speaking on the occasion, A.C. Rout, Executive Director of the Bank stated, “The bank has focused all its efforts in recovery and improvement in asset quality. In the quarter ended June 2018, the Bank recovered NPAs of Rs.858 Crores. During the period the Bank has reported 23.92% per cent growth in Net Interest Income as compared to the same period previous year. The same was possible due to effective liability management.”

Elaborating on future plans of the Bank, Rout said, “We are in the process of rebalancing our asset portfolio with focus on retail, agri and MSME (RAM) sectors for diversification of risk. The Bank is committed to the reforms agenda initiated by the Govt of India for PSBs and the positive results can be seen in coming quarters.”

Profitability:

  Net interest income of the Bank in quarter ended June 30, 2018 increased by 23.92% Y-o-Y to Rs.858.49 crore from Rs.692.80 crore in quarter ended June 30, 2017.
  Net Interest Margin (NIM) improved to 2.33% for Q1 of FY 2018-19 as compared to 1.87% in Q1 of FY 2017-18.
  Operating Profit for the quarter ended June30, 2018 stood at Rs.470.32 crore as against Rs. 533.48 crore in June 2017 quarter.
  Operating Expenses have come down marginally for the quarter ended June 30, 2018 as compared to the quarter ended March 31, 2018.
  On the basis of sustained high CASA deposit ratio cost of deposit has come down by 59 basis points to 4.99% in June 2018 quarter from 5.58% in June 2017 quarter.
  Interest expenses for the June30, 2018 quarter declined by 13.16% to Rs.1782.06 crore as compared to Rs 2052.09 crore in the corresponding period of previous year.
  Non-Interest income stood at Rs. 346.55 crore in the quarter ended 30.06.2018 as compared to Rs.464.95 crore in the corresponding quarter of previous year. The reduction in non-interest income was due to lower profits from sale of investment by Rs.104 crore in light of adverse interest rate scenario.
  Net loss of the Bank stood at Rs. 1119 crore for the quarter ended for June30, 2018, as against net loss of Rs. 412.20 crore in corresponding period of previous year. For quarter ended March 31, 2018 net loss of the Bank stood at Rs. 113.49 crore.

Business:

Total business of the Bank stood at Rs.219458.33 crore as on 30.06.2018 as compared to Rs.233724.94 crore as on 30.06.2017.
  As on 30.06.2018 total deposits stood at Rs.135410.85 crore & Gross advances stood at Rs.84047.48crore.
  Retail advances have grown by 4.05% Y-o-Y to Rs. 16,767 crore mainly on account of handsome growth in Vehicle Loans (37.37%). Share of retail advances in the loan book has improved to 19.95% as on 30.06.2018 from 16.60% as on 30.06.2017.
  CASA deposits constitute 46.33% of total deposits and posted modest Y-o-Y growth of 4.15%.

NPA Management:

  Cash recovery and up-gradations in Q1 of FY 2018-19increased by 39% Y-o-Y to Rs. 1124 crore as compared to Rs 807 crore in the corresponding period of previous year.
  Gross NPAs and Net NPAs reduced by Rs.249 crore and Rs.2064 crore respectively Y-o-Y.
  As on 30.06.2018 Gross NPA stood at Rs, 17800 crore (21.18% of gross advances) and Net NPA stood at Rs. 9195 crore (12.20% of net advances).
  Provision Coverage Ratio has improved by about 15 percentage points to 62.19% as on June 30, 2018 from 47.32% as on June 30, 2017.