From the Editor's Desk GiveDirectly, a charity that gives money directly to poor people in Kenya and Uganda, is launching a big new project: a basic income that guarantees a flow of cash to 6000 people in Kenya for the next 10 years or more. What's different about this project compared to similar efforts in Finland, Silicon Valley and Ontario is that entire villages (in a developing country) will get the amounts and they are guaranteed to get it over a long period of 10 years. Even within a year or two, consumption patterns and other behaviour will likely change in the villages getting the UBI, in large part because participants know the payments will continue for the foreseeable future. That will likely lead to planning and work shifts that wouldn't take place in a temporary trial. So far, it's gotten results. A randomized evaluation of the charity found that recipients ate more and experienced less hunger, invested in expensive but worthwhile assets like iron roofs and farm animals (and did not spend more on things like alcohol or tobacco), and reported higher psychological well-being. They were less hungry, richer, and all-around happier. - Comment
Mobile payments startup JunoTele names former PayU exec as CBO Mobile payments platform JunoTele has appointed former PayU Money executive Vikrant Khorana as chief business officer. Khorana will be responsible for sketching a strategic roadmap for JunoTele, generating fresh revenue streams and expanding to new territories, according to a statement. Kh
Auto maintenance marketplace MotoMojo gets angel funding MotoMojo, a mobile app-based marketplace that connects owners of two- and four-wheelers with service stations, has raised an undisclosed amount in angel funding from the founders of startup enabler VentesAvenues. Mumbai-based MotoMojo Technologies Pvt. Ltd, which operates the marketplace, said in a statement it will use the funds to ramp up product capabilities as also for marketing and customer service.
Motorola Begins Teasing New Phone With Better Camera, Battery, Security, Performance A new Motorola phone is “coming soon,” according to Motorola India’s Twitter account. Within the past week, this specific account began teasing an upcoming phone that should have improved battery life, security/privacy, performance, and a “better” camera. We are mostly assuming that this is a new Moto G, likely the 4th gen model, after the phone …