Reliance Industries’ subsidiary Jio Platforms has entered into a strategic partnership with Polygon Labs, aiming to make a significant impact in the blockchain and Web3 spheres in India. This collaboration is set to offer Jio’s vast user base access to innovative Web3 technologies, enhancing privacy and control over their data.

The buzz around ‘Jio Coin’ has intensified following the announcement, with numerous users and industry experts like Kashif Raza, CEO of Bitinning, speculating about its potential uses, including mobile recharges and payments at Reliance gas stations. Despite the widespread excitement and discussion on social platforms like Twitter, there has yet to be an official confirmation or details from Jio about Jio Coin’s specific applications.

This partnership marks Jio Platforms’ first venture into the digital asset space, aligning with Polygon Labs, renowned for its development capabilities in blockchain solutions. Together, they plan to integrate Web3 functionalities into Jio’s existing services, potentially transforming the way Jio’s 450+ million customers interact with digital technologies.

Reliance Industries’ technology arm and Polygon Labs aim to capitalize on this technology to develop new services that could redefine user engagement in digital ecosystems. With blockchain technology, smart contracts, and digital assets increasingly supporting the Web3 framework, Jio Platforms is poised to introduce a range of next-generation services to its users.

Kiran Thomas, CEO of JPL, expressed enthusiasm about the partnership, highlighting the opportunity to explore the vast possibilities of Web3 technology and deliver unprecedented digital experiences to their customers. As Jio Platforms steps into the blockchain realm with Polygon Labs, it underscores its commitment to maintaining a cutting-edge position in the technology sector.

Two days after the violent attack on Bollywood star Saif Ali Khan in his Mumbai home, police have detained a suspect in Madhya Pradesh. The incident occurred early Thursday morning when an assailant repeatedly stabbed Khan inside his upscale Bandra residence.

Saif Ali Khan, aged 54, suffered multiple stab wounds, including critical injuries to his neck and near his spine. Following the attack, he was urgently transported to Lilavati Hospital by autorickshaw and underwent emergency surgery.

Authorities initiated a rapid response when they received intelligence that a suspect was aboard an express train. Collaborating with local law enforcement, the police successfully intercepted and detained the passenger. This individual matched the description of the suspect sought in connection to Khan’s stabbing.

Eyewitnesses previously reported seeing the attacker inside the building, moving towards and later fleeing from the actor’s apartment. The suspect was later spotted at the Bandra railway station, believed to have boarded a train there.

In her statement to the Mumbai Police, Saif Ali Khan’s wife, actress Kareena Kapoor Khan, recounted the terrifying ordeal. She witnessed the assailant attack her husband multiple times in a violent aggression, emphasizing that the attacker fled without stealing any valuables.

After the incident, a visibly shaken Kareena Kapoor Khan sought refuge at her sister Karisma’s house, stating she was terrified for her safety.

The police continue their investigation into the motive and background of the incident, as the Bollywood community and fans worldwide react with shock and concern over the safety of one of their beloved stars.

Prime Minister Narendra Modi distributed approximately 6.5 million Svamitva property cards on Saturday, emphasizing that this initiative will enhance economic activities and aid in poverty reduction.

During a video conference with some beneficiaries, he noted that the scheme will facilitate access to loans and enable individuals to benefit from government programs. The property cards are being issued in over 50,000 villages across 10 states, including Chhattisgarh, Gujarat, Himachal Pradesh, Madhya Pradesh, Maharashtra, Mizoram, Odisha, Punjab, Rajasthan, Uttar Pradesh, and the Union Territories of Jammu & Kashmir and Ladakh.

“With the distribution of these 6.5 million cards today, around 22.4 million villagers will now possess Svamitva property cards,” the Prime Minister stated.

He pointed out that property rights represent a significant global challenge, referencing a United Nations study that highlighted the lack of legal documentation for property ownership in numerous countries. The UN has recognized the importance of property rights in alleviating poverty.

Modi explained that an esteemed economist had described village property as “dead capital,” as it was unutilized and unable to generate income. “India also faced this issue. Villagers hold property worth billions, yet lack documentation. This led to disputes, property encroachments, and banks’ refusal to grant loans,” he observed, criticizing previous governments for their inaction on this matter.

He noted that marginalized groups, including Dalits, backward classes, and tribals, were particularly affected. “With legal property rights, many individuals have been able to secure loans to start their own businesses. For farmers, these property cards serve as a guarantee of financial security,” he added.

Modi asserted that the Svamitva and Bhu-Adhaar initiatives will lay the groundwork for rural development.

The event also featured Union Minister for Panchayati Raj, Rajiv Ranjan Singh ‘Lalan’, Union Minister of State for Panchayati Raj S P Singh Baghel, and Ministry of Panchayati Raj Secretary Vivek Bharadwaj. Several chief ministers, Union ministers, and state ministers joined the event virtually.

Additionally, physical distribution events for the property cards are taking place in over 230 districts, with around 13 Union ministers expected to participate from various locations across the country to supervise these regional distribution ceremonies.