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Compendium- January 2014

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Compendium- January 2014 Compendium- January 2014 National International UN Women Appointments-National/International Person Resigned/Retired Sports Honours/ Awards Obituaries Important Days Foreign Visits / Foreign Visitors Compiled By Sanjay Singh National 12th Pravasi Bharatiya Divas (PBD) Pranab Mukherjee, the President of India on 9 January 2014 conferred the Pravasi Bhartiya Samman Awards to thirteen NRIs, PIOs and organisations for their outstanding contribution in the country of their residence as well as to India. The Pravasi Bhartiya Divas was organised in New Delhi from 7 to 9 January 2014. The theme for the year was Engaging Diaspora: Connecting Across Generations. Chief Guest of 12th PBD was Datuk Seri G. Palanival, Minister of Natural Resource & Forest, Malaysia. Following people were awarded Lisa Maria Singh from Australia she was given for Public service and fostering friendly relations between India and Australia. Kurian Varghese from Bahrain was awarded for Business for enhancing India’s image and for Promotion better understanding of India abroad. Vasdev Chanchlani from Canada was awarded for Community service and fostering ties between India and Canada and efforts in promotion Indian culture and heritage. Ramakrishna Mission from Fiji was awarded for Community service and philanthropic activity and enhancing India’s prestige abroad. Satnarainsing Rabin Baldewsingh from Netherlands was awarded for Public service and developing closer ties between India and South Africa. Bikas Chandra Sanyal from France was awarded for Education and culture and enhancing India’s image. Sasindran Muthuvel from Papua New Guinea was awarded for the field of Public service. Shihabudeen Vava Kunju from Saudi Arabia was awarded for the Community service and promoting ties between India and the Kingdom of Saudi Arabia. 2 | Ela Gandhi from South Africa was awarded for Public service, enhancing India’s image and promoting ties between India and South Africa. Shamsheer Vayalil Parambath from United Arab was awarded for Health business and in promoting Better understanding of India United Arab Emirates. Shailesh Lakhman Vara from United Kingdom has been awarded for Public service and in promoting ties between India and the people of U.K. Parthasarathy Chiramel Pillai from USA was awarded for Science and for fostering closer relations between India and USA. Renu Khator from USA has been awarded for Education and enhancing India’s prestige abroad. Pravasi Bharatiya Divas Pravasi Bharatiya Divas (PBD) is celebrated on 9 January every year to mark the contribution of Overseas Indian community in the development of India. Mahatma Gandhi returned from South Africa to India on 9 January 1915 and that’s the reason that the day has been chosen to celebrate the day. He has been termed as the greatest Pravasi of India, who led the freedom struggle and changed the lives of Indians forever. PBD conventions are being held every year since 2003. These conventions provide a platform to the overseas Indian community to engage with the government and people of the land of their ancestors for mutually beneficial activities. These conventions are also very useful in networking among the overseas Indian community residing in various parts of the world and enable them to share their experiences in various fields. National Waqf Development Corporation Limited inaugurated by Prime Minister Prime Minister Dr. Manmohan Singh inaugurated National Waqf Development Corporation Limited (NAWADCO), a new Central Public Sector Enterprise under the Ministry of Minority Affairs. The NAWADCO is termed as an important institution for the development of Waqf properties and for the community welfare, particularly of Muslims in India. The establishment of NAWADCO is a follow up of ‘Sachar Committee’ recommendations. About National Waqf Development Corporation Limited (NAWADCO): Established with Authorized Share Capital of Rs.500 Crore with a paid up capital of Rs.100 crore. National Minority Development and Finance Corporation (NMDFC) have 49% shares in NAWADCO. 3 | Objective: To facilitate and mobilize financial resources for the development of Waqf properties for community development purposes in a joint venture with the State/ Union Territory Waqf Boards and the Mutawallis. Till yet, the Waqf Boards and the Muthawallis were not having the financial resources to develop the properties leading to encroachments. The Sachar Committee has estimated that such properties, if properly developed, with a minimum return of 10%, would be capable of generating an income of Rs 12,000 crore per annum. Recently, the Indian Government enacted the Waqf (Amendment) Act, 2013 and made administration of Waqf properties transparent. The Act will also provide an enabling environment for development and utilization of Waqf lands for welfare of minorities. What is “Waqf” ? A waqf/ wakf, is basically donating (a building/ plot of land/ cash) for Muslim religious/ charitable purposes.These donated assets / grants ( known as “Mushrut-ul-Khidmat”) are held by a charitable trust. The person who makes the grant/ Mushrut-ul-Khidmat is known as “Waqif/ Wakif”. Note: India has the largest number of Waqf properties in the world. There are more than 4.9 lakh registered Auqaf (Waqf properties) and the current annual income from these properties is about Rs.163 crores. Govt. launched “India Inclusive Innovation Fund (I.I.I.F.)” The National Innovation Council (NIC), in partnership with the Ministry of Micro, Small and Medium Enterprises (MSME), launched the India Inclusive Innovation Fund (IIIF). IIIF is an impact investment fund that will invest in ventures catering to the country’s poor. It is an autonomous Rs. 500-crore fund, with the Union Government contributing 20 %. The balance will come from public sector banks, financial institutions, insurance companies, multilateral/bilateral development agencies, Indian & global corporates. 4 | About India Inclusive Innovation Fund (I.I.I.F.) Objective: To expand the corpus to Rs 5,000 crores over the next 24 months and to provide modest financial returns, while ensuring significant social impact to the community. Focus on: healthcare, food and nutrition, agriculture, education, energy, financial inclusion, environment, technology as an enable. Will be registered under SEBI’s Alternative Investment Fund Category I guidelines with an initial corpus of Rs 500 crore, with the Ministry of MSME committing to 20% (Rs 100 crore) and the balance being given by banks, insurance companies, overseas financial and development institutions. Help to create a new class of capital or venture capital to set up and scale entrepreneurial skills and innovation in the firms delivering goods and service to the poorest of the country. Combined innovation and the dynamism of enterprise to solve the problems of citizens at the base of the economic pyramid in India. The Fund will invest in innovative ventures that are scalable, sustainable and profitable. It will address social needs of less privileged citizens in areas viz. healthcare, food, nutrition, agriculture, education / skill development, energy, financial inclusion, water, sanitation, employment generation, etc. India Post to install 3000 ATMs, 1.35 lakh micro-ATMs by Sept 15, 2014 In a bid to start a commercial banking, India Post has drawn a plan to install approx 3,000 ATMs and 1.35 lakh micro-ATMs at the post offices across the country for savings account holders by September 2015. On this plan, India Post worked with software giant Infosys. Via interoperability, India Post will join the National Financial Switch, which will benefit India Post account holders to transact at the banks’ ATMs and vice versa. The micro ATMs will be handheld devices to be operated at the post office level while the ATM will be similar to the one operated by any commercial bank. The ATMs can be used only by 26 crore savings account-holders who save with the postal department. Though, its rough idea that within six months of the launch, India Post will get the interoperability permission from the Reserve Bank of India(RBI). 5 | The postal department has 1.55 lakh post offices and more than 90 % are in villages, offers the savings account to people across the country and pays an interest of 4 % per annum for such deposits. The account offers cheque facility at present. Postal savings are worth around Rs 6.05 trillion, which is half the savings in the largest lender SBI and more than double that of the largest private sector lender ICICI Bank. Addressing judges lord, lordship, your honour not mandatory: Apex Court The Supreme Court observed that addressing judges “my lord”, “your lordship” or “your honour” in courts is not mandatory. The judge expects to be called only in a respectful and dignified manner. The court was hearing a petition filed advocate Shiv Sagar Tiwari demanding abolishing the use of such terms and ordering the courts that the judges should not be addressed in such a traditional manner. As per the petition, addressing judges as “my lord or your lordship” in courts is a relic of colonial era and a sign of slavery. The court refused to accept the plea and said that it is for the lawyer to choose how he addresses the judge and the judge does not take exception if he/she is called ‘Sir’. However, the court declined to order the courts to abolish the use of the conventional terms. Scientists spot rare Indian Pitta after 60 years Indian Pitta, a bird endemic to the Himalayan foothills and Western Ghats, was spotted at Aravalli Biodiversity Park near Vasant Kunj in Delhi recently. As per ornithologists, Indian Pitta, a small and colourful bird which is mainly seen in closed- canopy forests, was spotted in Delhi after 60 years. Why sighting of Indian Pitta is special for scientists? The sighting of Indian Pitta or ‘Navaratna’ was last reported by ornithologist Usha Ganguli in her book-A Guide to the Birds of Delhi. But for scientists, the spotting of the bird in national capital after 60 years is special because it was seen in the mining pits which they have converted in to moist forests.
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