Current Affairs: 20 October 2017

NRI businessman to chair WBCSD in 2018

The World Business Council for Sustainable Development has appointed NRI businessman Sunny Verghese, co-founder and CEO of Singapore-based Olam International as the new chairman of the organisation from 2018.

Sunny is the first ever Asian CEO to be appointed as Chair in World Business Council for Sustainable Developments (WBCSD) 25 years of history.

WBCSD is a global network of more than 200 CEOs who are responsible for a combined revenue of more than USD 8.5 trillion and 19 million employees. Sunny will take over from Paul Polman, CEO of Unilever, whose chairmanship term ends on 31 December 2017.


ISKCONs Govardhan Eco Village gets green platinum award

The Govardhan Eco Village, set up by the International Society for Krishna Consciousness (ISKCON) in Palghar district, has won the green platinum award.

The villages director, Gauranga Das, received the award, instituted by Indian Green Building Council (IGBC) of Confederation of Indian Industry (CII), early this month during the Green Building Congress-2017 at Jaipur in Rajasthan. The IGBC has been established by the CII to enable sustainable built-environment for all.

Govardhan Eco Village is a farm community and retreat centre spread over a scenic landscape of 100 acres of land. Since its inception in 2003, the village has made steady progress in organic farming, cow protection, rural education, rural development, alternative energy, eco- friendly constructions and sustainable living.


Banks to provide funds at 7% to women SHGs under DAY-NRLM

The RBI has said banks will provide funds to women self help groups, SHGs, in rural areas at 7 per cent under the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) in the current fiscal.

The central bank issued the revised guidelines on interest subvention scheme under DAY-NRLM, as received from the Ministry of Rural Development for implementation by 21 public sector banks and 19 private banks.

All women SHGs will be eligible for interest subvention on credit upto 3 lakh rupees at 7 per cent per annum. Banks will be subvented to the extent of difference between the Weighted Average Interest Charged and 7 per cent subject to the maximum limit of 5.5 per cent for the year 2017-18.

The interest subvention scheme on credit to women SHG during 2017-18 is applicable in 250 districts across the country.


Maharashtra government releases Rs 4,000 crore in phase 1 of loan waiver scheme

The Maharashtra government has released a sum of Rs 4,000 crore under the first phase of the over Rs 34,000 crore farm loan waiver scheme.

Out of Rs 4,000 crore which has been released under Phase 1, Rs 3,200 crore will be for writing off the loans of 4.62 lakh farmers. The remaining Rs 800 crore will be in the form of incentive for 3.78 lakh farmers who are paying their loans on time.

The release of funds under the scheme, announced in June, will be a continuous process, by November 15, 75-80 per cent of the disbursement will be completed.


Army organises festival to strengthen jawan-awam relationship

19 batch Rashtriya Rifles of the Indian Army has organised ‘Jashn-e-Breng’ festival in Kokernag village of the Anantnag district to promote peace and brotherhood between security forces and the local population.

With the slogan of “Jawan aur Awaam Amun Hai Muqam” (Army and Locals together, peace will prevail), the soldiers arranged free medical assistance and several cultural programmes for the Kokernag public. The camp was occupied with several stalls including those of agriculture, horticulture, and Veterinary. Specialised doctors from Army and government hospitals gave free check-ups and medicines to the visitors. They provided wheelchairs to specially abled and ear machines to deaf persons.

The Army has provided wheelchairs and other gadgets to the specially abled person, thus fulfilling its purpose of sending the message of brotherhood to the aawam.

Medical experts from the field of gynecology, veterinary, diabetology, and various other backgrounds are available at the camp. They also arranged local music to connect to the community.