Wednesday, 26 July 2017

Peru's military personnel participate during the celebration ceremony of the 76th anniversary of the Peruvian Air Force in Lima.

RBI releases master direction on lending to Micro, Small & Medium Enterprises (MSME) Sector


Naresh Kumar Sagar
Just now


The Reserve Bank of India has, from time to time, issued a number of guidelines / instructions / circulars / directives to banks in the matters relating to lending to Micro, Small & Medium Enterprises Sector. RBI released Master Direction on Lending to Micro, Small & Medium Enterprises (MSME) Sector which incorporates the updated guidelines / instructions / circulars on the subject. The details of the direction are mentioned below:
Short Title and Commencement
(a) These Directions shall be called the Reserve Bank of India [Lending to Micro, Small & Medium Enterprises (MSME) Sector] Directions, 2017.
(b) These Directions shall come into effect on the day (24th July 2017) they are placed on the official website of the Reserve Bank of India .
Applicability: The provisions of these Directions shall apply to every Scheduled Commercial Bank {excluding Regional Rural Banks (RRBs)} licensed to operate in India by the Reserve Bank of India.
Definitions/ Clarifications
In these Directions, unless the context otherwise requires, the terms herein shall bear the meanings assigned to them as below:
(a) The MSMED Act, 2006 means ‘Micro, Small and Medium Enterprises Development (MSMED) Act, 2006’ as notified by the Government of India on June 16, 2006 and the amendments, if any, carried out therein by the Government of India from time to time.
(b) ‘Micro, Small and Medium Enterprises’ mean the enterprises as defined in the MSMED Act, 2006 and the amendments, if any, carried out therein by the Government of India from time to time.
(c) ‘Manufacturing’ and ‘Service’ Enterprises mean the enterprises as defined in the MSMED Act, 2006 or as notified by the Government of India, Ministry of MSME under the MSMED Act, 2006 from time to time.
(d) ‘Priority Sector’ means the sectors as defined in Master Direction - Reserve Bank of India (Priority Sector Lending –Targets and Classification) Directions, 2016 dated July 07, 2016 or as modified from time to time.
(e) ‘Adjusted Net Bank Credit (ANBC)’ would mean Adjusted Net Bank Credit (ANBC) as defined in Master Direction - Reserve Bank of India (Priority Sector Lending–Targets and Classification) Directions, 2016 dated July 07, 2016 or as modified from time to time.
Targets / sub-targets for lending to Micro, Small and Medium Enterprises (MSME) sector by Domestic Commercial Banks and Foreign Banks operating in India - Advances to Micro, Small and Medium Enterprises (MSME) sector shall be reckoned in computing achievement under the overall Priority Sector target of 40 percent of Adjusted Net Bank Credit (ANBC) or credit equivalent amount of Off-Balance Sheet Exposure, whichever is higher, as per the extant guidelines on priority sector lending.
Domestic Commercial Banks are required to achieve a sub-target of 7.5 percent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher, for lending to Micro Enterprises. The sub-target for Micro Enterprises for foreign banks with 20 branches and above operating in India would be made applicable post 2018 after a review in 2017. However, this sub-target for lending to Micro Enterprises is not applicable to foreign banks with less than 20 branches operating in India .
Bank loans above Rs.5 crore per borrower / unit to Micro and Small Enterprises and Rs.10 crore to Medium Enterprises engaged in providing or rendering of services and defined in terms of investment in equipment under MSMED Act, 2006, shall not be reckoned in computing achievement under the overall Priority Sector targets as above. However, bank loans above Rs.5 crore per borrower / unit to Micro and Small Enterprises would be taken into account while assessing the performance of the banks with regard to their achievement of targets prescribed by the Prime Minister’s Task Force on MSMEs for lending to MSE sector.
In terms of the recommendations of the Prime Minister’s Task Force on MSMEs, banks are advised to achieve:
(i) 20 per cent year-on-year growth in credit to micro and small enterprises,
(ii) 10 per cent annual growth in the number of micro enterprise accounts and
(iii) 60 per cent of total lending to MSE sector as on corresponding quarter of the previous year to Micro enterprises.
Common guidelines / instructions for lending to MSME sector
Issue of Acknowledgement of Loan Applications to MSME borrowers-- Banks are advised to mandatorily acknowledge all loan applications, submitted manually or online, by their MSME borrowers and ensure that a running serial number is recorded on the application form as well as on the acknowledgement receipt. Banks are further advised to put in place a system of Central Registration of loan applications, online submission of loan applications and a system of e-tracking of MSE loan applications.
Collateral-- Banks are mandated not to accept collateral security in the case of loans up to Rs.10 lakh extended to units in the MSE sector. Banks are also advised to extend collateral-free loans up to Rs. 10 lakh to all units financed under the Prime Minister Employment Generation Programme (PMEGP) administered by KVIC. Banks may, on the basis of good track record and financial position of the MSE units, increase the limit to dispense with the collateral requirement for loans up to Rs.25 lakh (with the approval of the appropriate authority). Banks are advised to strongly encourage their branch level functionaries to avail of the Credit Guarantee Scheme cover, including making performance in this regard a criterion in the evaluation of their field staff.
Composite loan-- A composite loan limit of Rs.1 crore can be sanctioned by banks to enable the MSE entrepreneurs to avail of their working capital and term loan requirement through Single Window.
Revised General Credit Card (GCC) Scheme-- In order to enhance the coverage of GCC Scheme to ensure greater credit linkage for all productive activities within the overall Priority Sector guidelines and to capture all credit extended by banks to individuals for non-farm entrepreneurial activity, the GCC guidelines were revised on December 2, 2013.
Credit Linked Capital Subsidy Scheme (CLSS)-- Government of India , Ministry of Micro, Small and Medium Enterprises had launched Credit Linked Capital Subsidy Scheme (CLSS) for Technology Upgradation of Micro and Small Enterprises subject to the following terms and conditions:
(i) Ceiling on the loan under the scheme is Rs.1 crore.
(ii) The rate of subsidy is 15% for all units of micro and small enterprises up to loan ceiling at Sr. No. (i) above.
(iii) Calculation of admissible subsidy will be done with reference to the purchase price of plant and machinery instead of term loan disbursed to the beneficiary unit.
(iv) SIDBI and NABARD will continue to be implementing agencies of the scheme.
Streamlining flow of credit to Micro and Small Enterprises (MSEs) for facilitating timely and adequate credit flow during their ‘Life Cycle’: In order to provide timely financial support to Micro and Small enterprises facing financial difficulties during their ‘Life Cycle’, guidelines were issued to banks vide our circular FIDD.MSME & NFS.BC.No.60/06.02.31/2015-16 dated August 27, 2015 on the captioned subject. Banks are advised to review and tune their existing lending policies to the MSE sector by incorporating therein the following provisions so as to facilitate timely and adequate availability of credit to viable MSE borrowers especially during the need of funds in unforeseen circumstances:
i) To extend standby credit facility in case of term loans
ii) Additional working capital to meet with emergent needs of MSE units
iii) Mid-term review of the regular working capital limits, where banks are convinced that changes in the demand pattern of MSE borrowers require increasing the existing credit limits of the MSMEs, every year based on the actual sales of the previous year.
iv) Timelines for Credit Decisions
Debt Restructuring Mechanism for MSMEs: All scheduled commercial banks are advised to follow the guidelines / instructions pertaining to SME Debt Restructuring, as contained in circular DBR.No.BP.BC.2/21.04.048/2015-16 dated July 1, 2015 on ‘Master Circular - Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances’ and as updated from time to time.
All commercial banks are also advised in terms of our circular RPCD.SME&NFS.BC.No. 102/06.04.01/2008-09 dated May 4, 2009 to do the following:
· put in place loan policies governing extension of credit facilities, Restructuring/Rehabilitation policy for revival of potentially viable sick units / enterprises (now read with guidelines on Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises issued on March 17, 2016) and non- discretionary One Time Settlement scheme for recovery of non-performing loans for the MSE sector, with the approval of the Board of Directors and
· give wide publicity to the One Time settlement scheme implemented by them, by placing it on the bank’s website and through other possible modes of dissemination. They may allow reasonable time to the borrowers to submit the application and also make payment of the dues in order to extend the benefits of the scheme to eligible borrowers.
· implement recommendations with regard to timely and adequate flow of credit to the MSE sector.
The detailed circular on Master Direction - Lending to Micro, Small & Medium Enterprises (MSME) Sector released by RBI is enclosed for your kind reference


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Dear All,

IMF retains India's growth projections at 7.2% for 2017


International monetary fund (IMF) in its latest update on World Economic Outlook (WEO) has anticipated global growth forecast to pick up in 2017 and 2018 .The global growth for 2016 is estimated at 3.2 % as of now, slightly stronger than the April 2017 forecast, mainly reflecting much higher growth in Iran and stronger activity in India following national accounts revisions. Economic activity in both advanced economies and emerging and developing economies has been forecasted to accelerate in 2017, to 2 % and 4.6 % respectively, with global growth projected to be 3.5 %, unchanged from the April forecast.

For advanced economies, the growth forecast for 2018 is 1.9 % which is 0.1 percentage point below the April 2017 WEO, and 4.8 % for emerging and developing economies. The 2018 global growth forecast is unchanged at 3.6 %. The revisions reflect primarily the macroeconomic implications of changes in policy assumptions for the world’s two largest economies, the United States and China.

Advanced economies

Ø  The growth forecast in the United States has been revised down from 2.3 % to 2.1 % in 2017 and from 2.5 % to 2.1 % for the year 2018.

Ø  The growth forecast has also been revised down for the United Kingdom for 2017 on weaker-than-expected activity in the first quarter.

Ø  Growth projections for 2017 have been revised up for many euro area countries, including France, Germany, Italy, and Spain.

Ø  The growth forecast for 2017 was also revised up for Canada, where buoyant domestic demand boosted first-quarter growth to 3.7 % and marginally for Japan, where private consumption, investment, and exports supported first-quarter growth.

Emerging and developing economies

Ø  Emerging and developing economies are anticipated to see a persistent pickup in activity, with growth rising from 4.3 % in 2016 to 4.6 % in 2017 and 4.8 % in 2018.

Ø  China’s growth is expected to remain at 6.7 % in 2017, the same level as in 2016, and to decline only modestly in 2018 to 6.4%.

Ø  Growth in India is forecast to pick up further in 2017 and 2018, in line with the April 2017 forecast. While activity slowed following the currency exchange initiative, growth for 2016, at 7.1%, was higher than anticipated due to strong government spending and data revisions that show stronger momentum in the first part of the year.

Ø  In Emerging and Developing Europe, growth is projected to pick up in 2017, primarily driven by a higher growth forecast for Turkey, where exports recovered strongly in the last quarter of 2016 and the first quarter of 2017 following four quarters of moderate contraction, and external demand is projected to be stronger with improved prospects for euro area trading partners. The Russian economy is projected to recover gradually in 2017 and 2018, in line with the April forecast.

Ø  After contracting in 2016, economic activity in Latin America is projected to recover gradually in 2017–18 as a few countries including Argentina and Brazil exit their recessions.

Ø  Growth in the Middle East, North Africa, Afghanistan, and Pakistan region is projected to slow considerably in 2017, reflecting primarily a slowdown in activity in oil exporters, before recovering in 2018.

Ø  In Sub-Saharan Africa, the outlook remains challenging. Growth is projected to rise in 2017 and 2018, but will barely return to positive territory in per capita terms this year for the region as a whole and would remain negative for about a third of the countries in the region.

As per the report, while risks around the global growth forecast broadly appear balanced in the near term, they remain skewed to the downside over the medium term. On the upside, the cyclical rebound could be stronger and more persistent in Europe, where political risk has diminished. On the downside, rich market valuations and very low volatility in an environment of high policy uncertainty raise the possibility of a market correction, which could diminish growth and confidence.

Keeping in view the weak core inflation and muted wage pressures, policy settings should remain consistent with lifting inflation expectations in line with targets, closing output gaps, and external rebalancing, where appropriate. Reforms to boost potential output are of great essence, and slow aggregate output growth makes it even more important that gains are shared widely across the income distribution. Financial stability risks need close monitoring in many emerging economies. Commodity exporters should continue adjusting to lower revenues, while diversifying their sources of growth over time.

Monday, 24 July 2017

ZHEJIANG UNIVERSITY OF TECHNOLOGY CALLS FOR GLOBAL TALENTS TO JOIN THE “1000-TALENT PLAN”

Zhejiang University of Technology (ZJUT) is located in Hangzhou, a well-known historical and cultural city and world famous scenic resort, which is known as the “Paradise on Earth” in China. ZJUT is a key provincial comprehensive university, co-sponsored by the Ministry of Education and Zhejiang provincial government. The university, as a member of the first 5 mainly sponsored universities by Zhejiang provincial government, and a member of the first 14 leading universities in the ‘2011’ project (the 3rd national higher education project, focused on collaborative innovation), offers academic programs covering 11 disciplines, including philosophy, economic, law, education, literature, science, engineering, agriculture, pharmaceutical, management and art. It has 6 post-doctoral research centers, 35 doctoral degree programs, and 116 masters’ degree programs.
At present, ZJUT has more than 2100 faculty members, including 488 professors, 2 Chinese Academy of Engineering members, 39 members conferred the title of “National Distinguished Experts/Scholars” in programs of the state “1000-talent Plan”, the state “10000-talent Project”, the state “the Yangtze River Scholars Program”, or awarded with the National Science Fund for Distinguished Young Scholars. Additionally, there are more than 500 members conferred the title of “Provincial Distinguished Experts/Scholars” in different provincial programs.
ZJUT possesses a number of national platforms for scientific research and teaching: the National Engineering Technology Research Centers, the National Bases for International Cooperation in Science and Technology, the Breeding Bases of the State Key Laboratory. Among all the disciplines offered by Zhejiang University of Technology, 11 are A-level provincial key disciplines and 7 are B-level provincial key disciplines. Four disciplines, chemistry, engineering, materials science, environmental science and ecology, ranked within top 1% of ESI (according to the data released by American ESI database in 2016). More than 400 scientific research projects gained the national and provincial awards, which include 22 National Science and Technology Awards. ZJUT was ranked the 10th among all institutions of higher education in China, in terms of its valid patents for inventions, and accumulated enough awards to be ranked 6th in China for its number of patents.
By providing with high-level scientific research platforms, enabling working and living conditions, and good development space for the candidates, Zhejiang University of Technology sincerely invites excellent talents to join the “1000-talent Plan”, to promote the development of the university especially its first-class disciplines, and build a bright future.
I. Qualifications and Requirements for Applicants
1. The State “1000-talent Plan”
The applicant should hold a doctoral degree granted overseas, and be 55 years of age or under. He/she should have no full-time job in China at the time of application. For those who already came back to China, it should be within one year of his/her return. The applicant has at most 2 chances to apply for the positions. The specific requirements of each project are as following:
(1) The Program for Innovative Talents (Long Term, including the field of Liberal Arts and social sciences)
After recruitment, the successful candidate is expected to work full-time at ZJUT for no less than 3 years. The applicant should hold full professorship (or an equivalent title) in a prestigious overseas university or R&D institute, or hold a senior title from well-known international companies or financial institutions.
(2) The Innovative Talents Program (Short Term, including non-Chineseexperts)
After recruitment, the successful candidate should work at ZJUT for at least 2 months each year and for no less than 3consecutive years. The applicant should hold full professorship (or an equivalent title) in a prestigious overseas university or R&D institute, or hold a senior title from well-known international companies or financial institutions. The applicant should be leading talent or important scholar who plays a leading role in the development of high-tech industries or in fields urgently needed in China.
(3) The Program for Young Professionals
The applicant should have been engaged in natural sciences or engineering technology, be 40 years of age or under, and have at least3consecutive years overseas research experience (refers to full-time overseas research experience after being granted doctoral degree, not including doing research work abroad while maintaining the job position in China and got paid by Chinese universities, institutions or companies). After recruitment, the successful candidate is expected to work full-time at ZJUT for more than 3 years. The applicant with doctoral degree granted overseas might not be limited by the period of 3 years, if he/she gained significant research achievements in his/her academic area. The applicant should hold a formal teaching and researching position in a prestigious overseas university, institution or enterprise, and should be the elite among the peers in certain field and has the potential to be a future leader in his/her area.
(4) Program for Topnotch Talents and Teams
The applicant should be a worldwide topnotch expert in the field of natural sciences or engineering technology, and have one of the following qualifications: (a) The laureate of the Nobel Prizes, the Turing Award, Fields Medal or other international awards.(b) The member of the Academy of Sciences or Engineering in the United States, Britain, Canada, Australia or other developed countries. (c) The well-known scholar who has working experience inglobal first-class university or R&D institute.(d) The talent with other advantages which meet our nation’s urgent needs. After recruitment, the successful candidate should work full-time at ZJUT for at least 5 years.
(5) The Program for Cultural and Art Talents
The applicant who is engaged in research work should hold a doctoral degree granted overseas and be 55 years of age or under. While the applicant in the fields of stage art or creative design may be exempt from this item of the requirements. The applicant who applies for a long-term program should work full-time at ZJUT for no less than 3 years after recruitment; the one who applies for a short-term program should work full-time at ZJUT for at least 2 months each year for no less than 3 years.
(6) The Program for Foreign Experts
The applicant should be non-Chinese experts and be 65 years of age or under. After recruitment, he/she should work full-time at ZJUT for at least 9 months each year and no less than 3 years.
2. Zhejiang Province1000-talent Plan”
The applicant should be 55 years of age or under (born after March 1st, 1962). The outstanding applicant can be exempt from one of the following limits on age, education background, job title or professional title. The close date for application is on May 31, 2017. The specific requirements of each project are as following:
(1Long-term Project for Innovative Talents
a. Innovative talents in the field of Natural Sciences and Engineering:
▪ should hold doctoral degree granted overseas;
▪ should hold associate professorship (or an equivalent title) in a prestigious overseas university or institution, or have a senior title in a world famous enterprise or institution;
▪ should be the elite among the peers in certain field, and have the potential of becoming leading figure in the future.
b. Innovative talents in the field of Humanities, Social Sciences and Art:
▪ should have knowledge of and comply with Chinese cultural policies, laws and regulations;
▪ should demonstrate outstanding capabilities in culture and art innovation and take the lead in the field of Liberal Arts and Social Sciences (The internationally renowned awards laureates or the international tournament winners are in priority);
▪ should have brilliant abilities and fruitful achievements in the cultural management and international cultural communication, or have served as junior or senior leader in world renowned enterprises, or have participated in significant management or global cultural interactive activities.
▪ the applicant who does research work in the field of Humanities and Social Sciences should hold doctoral degree granted overseas and hold associate professorship or above (or an equivalent title).
c. Innovative talents in the field of Economics and Financial Management:
▪ should hold master’s degree or above granted overseas, and have at least 5 years’ relevant working experience;
▪ should have served as junior or senior leader in international economic organizations, professional institutes or well-known financial institutions or served as junior or senior manager in the world renowned enterprises;
▪ should be familiar with international economic rules, have knowledge of the laws and regulations for the protection of international intellectual property rights, and have a wealth of practical economic management experience;
▪ should be quite professional and with great achievements and good reputation in the fields of financial analysis, product development, risk control, international business, investment bank, asset management, financial derivatives investment and so on.
The applicant should be overseas Chinese, and has worked or provided some professional services in Zhejiang province after March1st, 2014, or be able to sign an employment contract or a letter of intention for talent recruitment with ZJUT before May31st, 2017. He/she should register at ZJUT within 6 months after the application approved. The successful candidates are expected to work at ZJUT for at least 9 months each year after recruitment for no less than 5 consecutive years.
(2)Seagull project
The applicant should be engaged in natural sciences and engineering technology, and is expected to work in Zhejiang Province for a short term. The specific requirements are as following:
a. Must meet the requirements of The Long-term Project for Innovative Talents in the field of Natural Sciences and Engineering.
b. Should have been working in Zhejiang province since March1st, 2016, and be able to sign an employment contract and register at ZJUT before May31st, 2017.
c. Could sign a contract valid for at least 3 consecutive years and with 2-9 months each year working at ZJUT.
d. Should be overseas high-level scholar or the expert who plays a leading role in the development of high-tech industries or in fields urgently needed in Zhejiang Province.
(3) Project for Foreign Experts
The applicant should be a non-Chinese expert, and should meet the above requirements forThe Long-term Project for Innovative Talents.
II. Application
1. All qualified individuals are encouraged to apply for the programs. For application please provide a detailed resume (including basic personal information, learning and work experience, major academic publications, scientific research projects, and patent awards), proof of identity, certificates of academic degrees, innovative research achievements and samples of major publications. These documents may be sent by email to the contact person of respective schools (departments), or Talents Office, ZJUT.NOTE: Please indicate the type of applications.
Department: Talents Office, Zhejiang University of Technology
Contact Persons: Mr. Chen, Mr. Jiang
Phone: +86-571-88320433
E-mail: rcyj@zjut.edu.cn
2. The overseas applicants are encouraged to take a tour to Zhenjiang University of Technology. Those who received letters of invitation before May10thcan get the reimbursement for the travel expenses and accommodation fees with tickets and invoices provided.
Zhejiang University of Technology
         2017-4-7
Edit"Zhejiang University of Technology Calls for Global Talents to join the “1000-talent Plan”"

GLOBAL PARTNERSHIP ANNOUNCES NEW ROUND OF FUNDING FOR ‘COLLABORATIVE DATA INNOVATIONS FOR SUSTAINABLE DEVELOPMENT’

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Claire Melamed of the GPSDD & Mahmoud Mohieldin of the World Bank at the High Level Political Forum 2017
Following a successful round of pilot funding for development data innovation projects last year, the Global Partnership for Sustainable Development Data (GPSDD) has announced a second funding round for data for development projects, to open on August 1st 2017.
As part of the ‘Collaborative Data Innovations for Sustainable Development’ funding, which is supported by the World Bank’s Trust Fund for Statistical Capacity Building (TFSCB), GPSDD will seek innovative proposals for data production, dissemination and use.
This year’s call is anchored around two themes: ‘Leave No One Behind’ and the Environment. Once again, the focus is on work supporting low and lower-middle income countries, and on projects that bring together collaborations of different stakeholders to address concrete problems.
The new round of funding was announced by GPSDD’s Executive Director Claire Melamed at a High-Level Political Forum Event ‘Leave No One Behind: Ensuring inclusive SDG progress’ at United Nations HQ in New York. She said:
“There was a fantastic response to ‘Collaborative Data Innovations for Sustainable Development Pilot Funding’ last year, with 400 proposals, from which 10 outstanding ideas were selected. This year we are opening a new round to source innovative projects to protect the environment and ‘Leave No One Behind’.  For the 2017 round we are raising the bar even higher by asking applicants to collaborate from the outset, providing evidence of support from an organisation that is a potential end user. With a wealth of data innovation talent out there, we are excited to see who comes forward.”
The World Bank’s Senior Vice President for the 2030 Development Agenda, United Nations Relations, and Partnerships, Mahmoud Mohieldin, added:
“Innovation work doesn’t happen in isolation, it requires a network of ideas, individuals and institutions to come together to be more than a sum of their parts. We’ve found this network in the Global Partnership for Sustainable Development Data, and are pleased to be working together to identify and support new ideas to change the way development data are produced, managed and used.”  
Application Details and Funding Levels
The amount of funding available for each project depends on whether the project is embryonic or ready to scale up.  This phased approach to funding allows us to provide smaller amounts of funding (starting at $25,000) on riskier, unproven innovations at the pilot stage. Larger amounts of funding (up to $250,000) will be awarded to proposals which have a clear justification (for example, testing in multiple sites at the same time), strong evidence of prior success, and are ready to be replicated/adapted to other contexts.
The pilot funding round will open on August 1 2017 and close on 17:00 ET, Friday, September 1, 2017. Proposals will be reviewed by a multi-stakeholder peer review committee and a portfolio of those will be selected for funding. The committee will include members of the Secretariat and Technical Advisory Group of GPSDD, representatives from the World Bank and others from across sectors, disciplines and regions. Final results are expected to be announced in January 2018.  Funding disbursements will take place after March 1, 2018. Follow @data4sdgs and @worldbankdata to receive notifications regarding the application process.
A webinar will be held to field questions regarding this call for proposals on Monday, August 7, 2017, 9:30 – 11:00 ET. To participate in the webinar, please send an email to: fund@data4sdgs.org indicating the names and email addresses of the participants. Each participant will receive an email with instructions for registering for the webinar. Applicants are strongly encouraged to participate in the scheduled webinar.
Why ‘Leave No One Behind’ and the Environment?
This year’s innovation topics relate to areas of need within the data for sustainable development community. The Global Partnership for Sustainable Development Data has created data collaborative groups on ‘Leave No One Behind’ and ‘Environment’ and the pilot funding initiative will further advance shared knowledge in these fields.
Gaps in environmental data for the SDGs is an issue commonly raised by governments as they seek to deliver Agenda 2030. The 2017 call for proposals requests innovations that bring together new sources of data (big data, geospatial and earth observation, citizen-generated, IoT, open data) to support key challenges on climate change and urban resilience (e.g. responding to natural disasters, meeting sustainable energy needs).
‘Leave No One Behind’ is a cross-cutting sustainable development issue. If data cannot be divided by categories such as gender, age or race, it will not reveal the realities of people’s lives. This leads to policies that overlook the needs of specific cohorts, leading to worse life outcomes for them. The 2017 call for proposals requests innovations that will provide more detailed, disaggregated, in-depth information on groups that have been historically left out by traditional surveys and other data gathering tools.  Specifically, we are looking for innovations that bring together new sources of data that focus on persons with disabilities and people who live outside of traditional households (e.g., slum dwellers, homeless, migrants, refugees and institutionalized populations.)
Edit"Global Partnership announces new round of funding for ‘Collaborative Data Innovations for Sustainable Development’"

EXTINCTION OF RIVER YAMUNA IN DELHI AND AGRA 

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The major reasons for high level of pollution in river Yamuna is inadequate flow, due to over extraction of surface and ground water and discharge of untreated effluent. This Ministry is supplementing the efforts of the States for pollution abatement of river Yamuna by providing financial assistance to States of Haryana, Delhi and Uttar Pradesh in phased manner since 1993 under the Yamuna Action Plan (YAP). The total expenditure incurred on conservation of river Yamuna under the YAP Phase – I & II is Rs. 1514.70 crore.
At present Japan International Cooperation Agency (JICA) assisted YAP Phase-III project is under implementation at an estimated cost of Rs 1656 crore in Delhi for rehabilitation and up-gradation of existing Sewage Treatment Plants (950 million litres per day) and Trunk sewers (43 kms) in Delhi. Delhi Jal Board is the implementing agency. The duration of YAP-III project is 7 years.
In “Maily Se Nirmal Yamuna Revitalization Plan 2017, under Phase-I”, the Ministry has sanctioned the STP works in Command area of Najafgarh Drain (Dhansa to Keshopur) in Delhi for an estimated amount of Rs. 344.81 crore on 70:30 cost sharing basis between the Centre and the Delhi State Government. In addition to these, State Govt. of Delhi has been taking up projects for addressing the problem of pollution of river Yamuna from their own resources.
This information was given by Union Minister of State for Water Resources, River Development and Ganga Rejuvenation Shri Vijay Goel in a written reply in Rajya Sabha today.
Edit"Extinction of River Yamuna in Delhi and Agra "

FACE-OFF BETWEEN DHANUSH AND KAJOL IN VIP 2: LALKAR

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After a stupendous success of VIP the spectators now have the chance to enjoy Velaiilla Pattadhari 2, popularly referred to as VIP 2. It is an upcoming comedy-drama film directed by Soundarya Rajnikanth. A sequel to the 2014 Tamil film Velaiilla Pattadhari, the film has Dhanush, Kajol and other casts. Dhanush, besides acting, is also co-producing the film and has written the story and dialogues for the film. The film will be dubbed in Telugu as VIP 2 and in Hindi as VIP 2: Lalkar. The team recently promoted the film in Delhi and the trailer launch in Hindi made it more special.
Dhanush on being asked about his role and the movie said, “VIP 2 is all about the bigger challenges that you face even if you become successful and the corporate world is actually a political game. So the movie is about what is that game and how is it played. Moreover, my character is named Raghuvaran, he’s very street smart, witty, and it’s impossible to shut him up. All the challenges that he faced be it failure or success, he handles it in the same way and nothing can actually affect him.”
Soundarya, when asked about the bonus of being from a well-known family background, said, “At the end of the day talent is what is going to last and if you are not talented then family to which you belong doesn’t matter. Fulfilling the expectations when you are from a well-known family is even more difficult because coming back if you fall is a great challenge then. So if you have talent you’ll last. On being asked about the experience while working with Kajol she said, “Kajol has done a great job in the film and actually spoke Tamil in the film and was excellent at learning script and acting in it. She accepted our story because she believed in the character. It was a pleasure having her with us.”
In VIP 2, Kajol is touted to play a negative role. Also, the highlight of the film is the face-off between Dhanush and Kajol. Interestingly, Kajol is making her comeback in Tamil after two decades. Kajol on being asked about the same said, “I had a great time working with the film. I said no to the film first but when they came and narrated the script I liked it and had that confidence that they will be able to execute it well and decided to do it. I said no because I was not confident that I will be able to take the risk and do justice to the film. I loved the character and the main reason behind that was, the character was a self-made woman who doesn’t need any label. She is a confident entrepreneur and strongly believes in her conviction and ideologies. Moreover, Dhanush and Soundarya worked and supported me a lot throughout.”
VIP 2 is expected to release soon.
Edit"Face-off between Dhanush and Kajol in VIP 2: Lalkar"