The Economic Times is running a interesting seven part series on unconventional businesses. In their concluding edition, they feature the Chennai base start-up Vortex Engineering, which is building a low-cost ATM for rural India. The start-up was incubated at the Tenet Group at the Indian Institute of Technology, Chennai (IITM). Other Tenet incubated social enterprises include Rural Opportunities Production Enterprise and Desicrew Solutions
You can read the ET article here. Below is an excerpt highlighting what makes the Gramateller an ideal solution for rural markets.
Conventional ATMs consume about 1,800 units of electricity a month, but Gramateller requires 72 units, says Vijay V Babu, CEO, Vortex. Less power means less heating and therefore no need for air-conditioning. “Frugal engineering definitely helped,” he adds.
The ATM runs on Linux, which is an open source software, unlike conventional ATMs that run on Windows for which licence has to be purchased. It also has a built-in UPS, which ensures the ATM doesn’t go down when there are power cuts, and the option to run on solar energy.
Other unique features include fingerprint-based biometric authentication and the ability to dispense soiled notes. Vortex started with seed funding from Venture East and Aavishkaar in 2006. Ray Stata, founder of semi-conductor firm Analog Devices and Switzerland-based Bamboo Finance invested in 2008 and 2009, taking the total VC investment to Rs 30 crore.
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Wipro must gift one million tamarind trees to the nation. This ensures food security and provides permanent employment to one million people while also causing environmental protection.
This concept to be welcomed by all other corporates for a common cause.
NVSN Murthy, Research Scientist.
A temporary visitor on earth currently passing through Asian soil and attempting to promote food security and environmental protection to the nation.
Infosys must gift one million mango trees to the nation. This ensures food security and provides permanent employment to rural people while also causing environmental protection.
This concept to be welcomed by all other corporates for a common cause.
NVSN Murthy, Research Scientist.
A temporary visitor on earth currently passing through Asian soil and attempting to promote food security and environmental protection to the nation.
An Universal Peace Pill:
Do not do for others what you do not want others to do for you.
Adopt “LoveAll-HateNone“ philosophy originated from Humanity, therefore Humanity is the essence of all religions, faiths and philosophies of our acquisitive world.
Most importantly, for all those who believe in God, Humanity is the visible form of God.
We acquire everything only to carry nothing.
A true religious mind knows no religion since GOD knows no religion.
No one is bad since everyone belongs to God.
Laws not built on humanity do not last longer.
NVSN Murthy, Research Scientist.
A temporary visitor on earth currently passing through Asian soil and attempting to promote humanity and friendship for causing Peace, Progress and Prosperity to the people and nations of our mother planet earth.
Past address: Unknown
Present address: Earth
Future address: Unknown
No one is poor by caste since caste cannot impose poverty on anyone.
We attach poverty to caste and religion for political gains and people prefer that to bypass competition, in the process – people who are genuinely poor are suffering most.
Thus – advantaging some groups by caste and religion amounts to disadvantaging the ones who are genuinely poor. This kind of governance is undemocratic, unjustified, inhuman, antihuman, antisocial, anti-poor, anti-people, anti-peace and anti-progress.
Let us quit this devilish practice and prove that India is neither foolish nor devilish.
NVSN Murthy, Research Scientist and a temporary visitor on earth currently passing through Asian soil.
Neither individuals nor institutions nor nations become leaders by following or copying the other.
Therefore, make laws, rules and regulations relevant to the nation since the needs, problems, priorities and culture of different nations are different.
NVSN Murthy, Research Scientist and a temporary visitor on earth currently passing through Asian soil.
Success seldom comes by following or copying or imitating.
This analogy is true for individuals, institutions and nations.
NVSN Murthy, Research Scientist and a temporary visitor on earth currently passing through Asian soil.
Genuine leaders follow heroism and seldom choose beaten tracks since following is a fault, copying is a crime and imitating is an offence.
NVSN Murthy, Research Scientist and a temporary visitor on earth currently passing through Asian soil.
Genuine leaders follow heroism and seldom choose beaten tracks since following is a fault, copying is a crime and imitating is an offence.
NVSN Murthy, Research Scientist and a temporary visitor on earth currently passing through Asian soil.
Good people give smiles, other give tears.
NVSN Murthy, Research Scientist and a temporary visitor on earth currently passing through Asian soil.
Norinomics says – This world is suffering with frogs in wells and bore-wells.
NORINOMICS says -
Economy: Happiness of the people is the real economy of a nation, all other things are traps. Economics: The mechanics that makes the people happy is called economics. An easy route to eliminate economic crisis: De-linking of economy from economics is the simplest solution to economic crisis, think it over.
Measures for stable economy: Insulate, do not isolate, economy and economics from GDP, Sensex, Forex and Inflation. This ensures stable economy. Also, helps for speedy and effective recovery from economic crisis, think it over.
Misapprehensions: GDP, Forex, Sensex and Inflation are not the elements of economy; therefore, they cannot measure the economy of a nation.
Economic policies: Evaluate first, then adopt and finally adapt since economics is a subjective subject with objectives subjective and role-sensitive.
Inflation:Inflation is the market-exaggerated disproportion in production, distribution and consumption of goods, services and wealth. Therefore, this planning-sensitive element is not a relevant parameter for effective assessment of economy since the imbalances disappear either by planting preventive measures or timely corrective actions or permanently installed system controls for timely actuation of precisely installed regulators.
Economist:Agriculture is the epicenter of economy, thus, no nation can survive if its farmer is suffering since agriculture and mechanics of economics are the two reactants rigidly controlling and producing the final product generally being referred to as “Economy”, which too is directly proportional to the speed at which a nation moves its men, material and money and, is accurately measurable for specifying its index by an economist who has sensibly blended fundamentals with commonsense and constantly qualifying himself as a precise tool for the intended job.
Real asset value of a nation: Money in circulation is the real asset value of a nation since it is the only asset working for the nation, hence, the higher the better. Bedrocks of economic growth: Fair play, benefit balancing and cooperation are the keystones that accelerate economic growth, disturbing them destroy nations.
Numbers & Digits: Economists not isolating economy and economics from numbers and digits destroy their nations. Wealth: Wealth can neither be created nor destroyed since it transforms into several forms and possesses enormous potential to alter the dynamics of economics, its misplacement or displacement causes proportionate degree of imbalances in the economy. Money: Money accumulation does not mean wealth acquisition since money seldom measures the strength of a nation or individual, more so, yellow metal. Cooperation: Cooperation is the orthocenter of economy and is directly proportional to the need and inversely proportional to the greed. Nations necessarily viewing cooperation as basic necessity become all-time rich. Invasion:If we invade the fundamental theories and principles of economy and economics, these vital topics become no more understandable.
Nation’s Health: Wealth is not a measure of nation’s health.
Economic Sanctity: Economics becomes Agonymics if self removes economics from social science and merges it with politics to suit. If it happens, economics no more deals with production, distribution and consumption of goods, services and wealth.
Mystery of Economics: Unlike sciences, engineering and mathematics – economics can be poured into any vessel of any shape or size. This is the simplicity and the fluidity of this volatile subject, the same is the complexity too, thus, the so-called turbulence.
Challenges with Economy & Economics: Economics is NOT a universal subject like mathematics, physics, chemistry etc. This subjective subject is ethnic, role-sensitive, need-sensitive, nation-sensitive, time-sensitive and greed-sensitive since problems are different for different people, different for different nations and different in different times and situations. Thus, the principles of economy and economics must be different and must change constantly to keep pace with the change in time and situation, if not; rigidity induces fractures and finally, failures.
Cause of economic crisis:We are adding confusion and complicating economics and economy for supplementing and complementing our interests. Speed: The economic growth of a nation is directly proportional to the speed at which the nation moves its men, material and money. However, safety and cost-effectiveness are vital considerations. Governance:Business is not the business of the government. Therefore, government must not involve in any commercial activity since its only business is governance, policy making, administration, safety and security of the people, food and health security, draught and flood control, conservation of wildlife and forests, pollution and inflation control, infrastructure development, distribution of goods and services, environmental protection, public service, standardization, rationalization and simplification of rules, regulations and procedures.
Rules: If rules are not simpler, bitter will be the result.
Progress: Working against nature is unnatural and abusive, therefore – work along with nature since nature is the greatest teacher with principles as rigid as rigid can be.
Wear: Wear, which is everywhere, is the single largest employer of our world, also, the biggest controller of economy, economics and growth of our planet. Thus, apply an ultra-sensitive balance to balance it, trying to eliminate wear is a futile exercise.
Farmer’s Role: Politicians in power seldom comeback to power by ignoring farmer, politicians aspiring power seldom come to power by ignoring farmer, political parties ignoring farmer do not survive.
Cost of Price: Since everything comes from nothing, the initial cost of everything is zero, as the value adds up, so does the price.
Cost of Nothing: In this world, nothing is free even though everything comes from nothing.
Impossibilities: Nothing is impossible since impossibilities are time-sensitive, person-sensitive and place-sensitive. Therefore, let us continue to chase for solutions.
Change: Only a change can change a change and change alone can challenge a change along with the inevitable uncertainties associated with every change. These are the real challenges of life for the present and future generations. Rate of change:The rate at which changes take place is more relevant than the change itself since time is changing at constant rate.
Uncertainties:Uncertainty is more certain and more inevitable than the most inevitable change and challenges. Thus, entrepreneurs must be more vigilant than never before since emerging technologies demanding abrupt changes need abnormal potential to absorb changes and challenges associated.
Welcome Ideas:Welcoming ideas means inviting inventions, knowledge and progress since a closed mouth cannot catch flies.
Failures: Willing to fail puts life on positive mode, unwilling to fail causes distress, disease and death, more so, a jealousy-less man is a disease-free man, also an immortal. Finally, envy less to enjoy more, also to envisage much more.
Commonsense: Commonsense is the essence of all kinds of knowledge available to human beings on earth. Therefore, commonsense has become the most uncommon commodity on earth ever since the birth of earth. Unfortunately, this priceless commodity is becoming more and more uncommon day-by-day. Therefore, due to its scarcity, this precious commodity is rarely applied to solve problems.
Nationality: Humanity is a better tag than nationality. Togetherness: Let us live together since we came alone and go alone.
Oneness: Oneness is better than own-ness. Problems of Progress: Snubbing ideas means shrinking progress and prosperity.
Source of smiles: Good people give smiles, others give tears; we carry these fruits when we quit this world. Truth vs Fact: We seldom seek truth since we are comfortable with facts. God and His University: God is universal. So, He is not different for different people. If God is different for different people, HE is no more a God. Ideas:Ideas are valuable since every idea is a spontaneous overflow of powerful feelings and carries the potential to change the world. Decisions:
Woman knows where the shoe pinches most. Therefore, their involvement is vital in decision-making process.
Deferment: Do it today since tomorrow is too late for a good job.
Remuneration: The more you give, the more you get – both wages and satisfaction.
Spending: We need to save something for a rainy-day, which is bound to come to all of us, one day or the other.
Stocking: If I am stocking something for tomorrow, I am depriving someone who needs it today (.) Stocking something for tomorrow is depriving someone who needs that something today.
Nothing: No one has the potential of doing nothing since doing nothing is unachievable, but the dead can do it, thus, impossibilities are not only time sensitive, person-sensitive, position-sensitive and place-sensitive, but also, state-sensitive. This is called Nori Sensitivity Theory or Nori State Theory.
Tomorrow: Tomorrow is not there for animals and other forms of life that are wiser than human beings. For reasons best known to us, we did not buy this philosophy and therefore, we became unwise. Thus, we are postponing things for tomorrow ignoring the fact that tomorrow’s existence and its availability to us is entirely in the hands of tomorrow. Finally, we must realize a fact that tomorrow is only in the hands of tomorrow; whereas, today is in our hands, therefore, let us contribute something today instead of waiting for tomorrow. Words:
Words have no meaning of their own since they are subjective and user-sensitive, not objective. Hence, this world is a battlefield for definitions. Nature (the greatest teacher):Nations adopting nature’s laws become healthy, wealthy and peaceful.
Inevitables: Failure and success are like day and night, ignore them and strive for success.
Nori’s Global Peace Pill: Do not do for others what you do not want others to do for you.
Inseparables: Body and pain, body and soul, pain and gain, day and night, light and heat, noise and vibration are inseparables, do not waste time for this.
Perfection: Never aim at perfection because it is not there. No one is perfect since everyone is perfecting imperfection.Perfection is nowhere since imperfection is being perfected everywhere.
End result: We do not become best by doing our best; we become best only by doing what is required.
Statics and Dynamics: Be dynamic since nothing on earth is static, including earth.
Cause and Cure of Death: Death means unwillingness to change.
Our World: Mad people think others are mad, others think the other way round, no one knows who is really mad since everyone is mad in his own way – this is the real beauty of our wonder world wonderful enough to keep life going in a wonderfully wonderful manner. Love:Love loves the love lovely; the love loved by love loves the love lovely and lovingly. Use: Misuse and abuse are inevitable for things in use. Composition of life: God fills life with little satisfaction and large dissatisfaction. Hidden World: Ours is a hidden world since everyone is hiding something.
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