RBI issues framework for revitalising distressed assets in the economy

31 01 2014

 

(Improving the system’s ability to deal with corporate distress and financial institution distress by strengthening real and financial restructuring as well as debt recovery)

 outlines a corrective action plan that will incentivise early identification of problem cases, timely restructuring of accounts which are considered to be viable, and taking prompt steps by banks for recovery or sale of unviable accounts. With the slowdown of the Indian economy, a number of companies/projects are under stress. Consequently, the Indian banking system has seen increase in Non-Performing Assets (NPAs) and restructured accounts during the recent years. As the financially distressed assets not only results in producing less than economically possible, they also deteriorate quickly in value. Therefore, there is a need to ensure that the banking system recognises financial distress early, takes prompt steps to resolve it, and ensures fair recovery for lenders and investors. 

The main proposals of the Framework are:

1.      Early formation of a lenders’ committee with timelines to agree to a plan for resolution.
2.      Centralised reporting and dissemination of information on large credit.
3.      Incentives for lenders to agree collectively and quickly to a plan: better regulatory treatment of stressed assets if a resolution plan is underway, accelerated provisioning if no agreement can be reached.

4.      Improvement in current restructuring process: Independent evaluation of large value restructurings mandated, with a focus on viable plans and a fair sharing of losses (and future possible upside) between promoters and creditors.

5.      More expensive future borrowing for borrowers who do not co-operate with lenders in resolution.

6.      More liberal regulatory treatment provided for asset sales:

·         Lenders can spread loss on sale over two years provided loss is fully disclosed.

·         Take-out financing/refinancing possible over a longer period and will not be construed as restructuring.

·         Leveraged buyouts will be allowed for specialised entities for acquisition of ‘stressed companies’.

·         Steps to enable better functioning of Asset Reconstruction Companies mooted.

·         Sector-specific Companies/Private equity firms encouraged to play active role in stressed assets market.

Going forward, while some regulatory and governmental measures may be required to address the factors that are leading to deteriorating asset quality, there is an equal need for proper credit risk management and credit discipline among lenders. RBI also stated that this framework will be fully effective from April 1, 2014. However, in the meanwhile, banks and specified non-bank lenders should put in place necessary system and infrastructure to effectively implement the Framework.

Warm regards,

Dr. S P Sharma

Chief Economist

HP today announced developments that help reduce the environmental impact

1 02 2014

New Delhi, India 31 January2014 – HP today announced developments that help reduce the environmental impact of HP Indigo digital prints. Updates include:
·   New trials that conclusively demonstrate the deinkability of HP Indigo prints in typical Graphic Arts Paper deinking mill configuration,
·   Fully recyclable packaging for ink cartridges,
·   Expansion of its take-back program for recycling consumables, and
·   Reduction of the HP Indigo carbon footprint.
With these developments, HP Indigo continues to demonstrate its leadership and commitment to environmental responsibility in the printing industry.

Deinkability of HP Indigo prints conclusively demonstrated by recent deinking trials

HP Indigo prints are fully recyclable and can be placed in normal recycling collection. Deinking, or removing ink from paper fibers, is one of the key steps in the paper recycling process for manufacturing recycled Graphic Arts papers.
Over the last few years, HP collaborated with a range of industry and academic deinking experts to gather lab-scale, pilot-scale and mill-scale deinking data that verify HP Indigo prints can be deinked in a typical graphic art paper deinking mill configuration.
In June 2013, Voith Paper, a leading supplier of deinking equipment, and the Paper Technology Department of PMV Darmstadt, a leading German technical institute, conducted two pilot-scale trials with five percent and 10 percent HP Indigo feed. The research found that even with 10 percent HP Indigo feed, the pulp produced in the trials was suitable for standard and higher quality Graphic Arts recycled paper grades.
The trials were held at the Voith Paper Fiber Systems Technology Center in Ravensburg, Germany for its near-mill-scale equipment, creating a realistic simulation of a standard graphic art deinking mill, including drum pulping, two flotations and one disperger. An important feature of the trial was that disperger energy typical of industry mills was used. A detailed report from the pilot trial will be published in the near future.
“These pilot plant trials have convincingly demonstrated the deinking ability of HP Indigo prints using standard 2-loop deinking processes,” said Jürgen Dockal, product development engineer, Voith Paper Ravensburg Fiber Systems Technology Center. “Proven equipment and standard deinking chemistry can be used, and parameters such as brightness development, ash content and yield are unaffected by the presence of up to 10 percent Liquid ElectroPhotographic prints.” 
PMV-Darmstadt has made significant progress in developing a lab scale 2-loop test that correlates with the Voith Paper pilot trial.
These results complement two previous full-scale mill deinking trials, which were conducted in collaboration with Arjowiggins Graphic at its 3-loop Greenfield deinking mill in Chateau-Thierry, France in November 2011 and October 2012.  In the mill-scale trials, five percent HP Indigo Liquid ElectroPhotographic prints (LEP) were added to the standard mill furnish.  In both cases, high-quality deinked pulp was produced without affecting mill process efficiencies or operating parameters.
“The results of the pilot-scale trials show that printed paper from HP Indigo digital presses is compatible with typical graphic arts deinking mills even at levels higher than what likely would be encountered,” said Roy Eitan, director and general Manager, HP Indigo and Inkjet Digital Press Solutions, Graphics Solutions Business, HP Asia Pacific and Japan.. “Along with results from the Arjowiggins deinking mill trials, these latest results show that HP Indigo users can continue to feel confident that HP Indigo prints can be recycled back to high-quality graphic arts papers.”

New recyclable packaging for ink cartridges

As a part of HP’s ongoing commitment to environmental sustainability, HP Indigo introduced improved ink cartridge packaging for the HP Indigo 6000 and 7000 series Digital Presses. The new cushioning tray is made of 100 percent recycled, molded pulp and is 100 percent recyclable. Users can now dispose the cushioning tray with the ink cartridge’s cardboard box.

Expanded supplies take-back and recycling program

HP offers free take-back services for HP Indigo supplies for customers across Asia Pacific.⁽¹⁾ The program is now expanded to include series four binary ink developer (BID) base and BID roller used in the HP Indigo 10000, 20000 and 30000 Digital Presses.

Reducing the carbon footprint of HP Indigo

HP continues its program to offset carbon emissions associated with the manufacturing and integration of the new generation HP Indigo Digital Presses. HP Indigo supports projects globally in the community that offset the net contribution of carbon emissions from the manufacturing process. As a result, all HP Indigo series three and four presses are manufactured carbon neutral.⁽²⁾

More information about HP Indigo digital presses is available at http://www.hp.com/go/indigo, on the HP Graphic Arts YouTube channel,www.youtube.com/hpgraphicarts, or through the HP Graphic Arts Twitter Feed, www.twitter.com/hpgraphicarts.

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society.  With the broadest technology portfolio spanning printing, personal systems, software, services and IT infrastructure, HP delivers solutions for customers’ most complex challenges in every region of the world.  More information about HP (NYSE: HPQ) is available at http://www.hp.com.

(1) Program features and availability vary.

(2) Calculation of carbon emissions has been performed by an independent third party consultant; carbon offset projects conducted by the Good Energy Initiative.

© 2013 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.

Bhawana Suri   | 

T : +91 11 46504100-03   I   M : +91 9311978259   I   www.the-practice.net

DELHI PREPARES FOR 6TH EDITION OF INDIA ART FAIR

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6th Edition of India Art Fair brings the best Indian and International contemporary art
with 91 exhibiting booths and 1000 artists
An expanded specially curated Art Projects programme will span the outdoor and indoor fair space with 24 large
scale installations and space specific works in a variety of mediums
India Art Fair announces the first edition of a Mentor and Protégé programme. A philanthropic arts initiative to
provide and sustain artistic aspirations to the Indian art world
New Delhi – India Art Fair, India’s premier modern and contemporary art fair, is pleased to announce its 6th edition from 30th
January – 2nd February 2014 (with a VIP Preview by invitation on 30th January) at NSIC Grounds, New Delhi. YES BANK is
Presenting Partner for the 6th Edition of India Art Fair.
Since its founding in 2008, India Art Fair has grown to be an epicenter for art in India, with a global reputation for being one of South
Asia’s leading art fairs. This year the art fair will include 91 exhibiting booths and 1000 artists in the general exhibition area and
solo projects. It will also include a video project, art bookstores, assortment of book launches, children’s workshops, curated walks
and a curated art projects section with 24 large scale installations. The key highlights of the fair also include an engaging
Speakers Forum with 30 world renowned speakers and a city wide Collateral Events programme. The fair also hosts a tightly
curated VIP Programme, in collaboration with public institutions, galleries and private art organizations, for visiting collectors and
museums.
India Art Fair has played a key role in exposing galleries from across India to a variety of individual and institutional buyers from
across the country and the wider world. It has been visited by 400,000 people from over 60 cities over its five previous editions.
This edition of the fair will take place in the heart of South Delhi, inside a custom-built tent spanning more than 20,000 sq. metres,
designed by a highly-regarded Indian architectural firm.
In addition to the participation of leading and emerging contemporary galleries, an extensive Art Projects programme spanning the
outdoor and indoor fair space will be a major focus of the fair this year, presenting a range of work from high profile Indian and
international artists. Among the rich selection on offer, projects include the installation Aura by Subodh Gupta, a video-art project
curated by Bhavna Kakar, the sculptural project Agalma by artist Anjana Kothamachu, and artist Riyas Komu’s unique project
involving the creation of a Collectors Room. Other projects include L N Tallur’s sculpture Path Finder, Anindita Dutta’s sculpture
based performance work and Chintan Upadhyay’s iconic shrine Lost Soul.
PRESS CONTACTS: India: Amrita Kapoor |New Delhi | + 91 9818058964 | amrita.kapoor@flint-pr.com
International: Camilla Purdon |London| +44 203 4632086 | camilla.purdon@flint-pr.com
This year’s fair has also attracted leading jeweller NIRAV MODI who will be presenting a collection of exquisite custom made designs
inspired by motifs from the Mughal miniature school of art, encrusted with precious gems and priceless diamonds. For the first time
the art fair will have participation from museums Mark Rothko Art Center Latvia, and also The Himalayas Art Museum in
Shanghai as part of a major delegation of Chinese collectors attending the fair with a view to stimulating Indo-Chinese cultural
exchange between collectors and museums.
Another first for 2014, India Art Fair announces the inaugural edition of a new Mentor and Protégé Program. It is a philanthropic
programme that will seek a gifted young artist from India and connect them with an artistic master for a year of creative
collaboration in a one-on-one mentoring relationship. In its first edition the Mentors will be Dayanita Singh, world-renowned
photographer artist and Jitish Kallat, one of the most prominent figures of Contemporary Indian Art. Through this initiative India
Art Fair will keep with its tradition of supporting individual excellence.
Through its engaging Speakers’ Forum (free of charge to the public), visitors will be able to hear some of the best minds from
diverse fields within the visuals arts. Highlights from the roster of speakers include Budi Tek (the Chinese-Indonesian entrepreneur,
art philanthropist, and collector), Philip Dodd (Chairman of Made in China), Chris Dercon (Director Tate Modern London), Homi
Bhabha (Critical Theorist and Anne F. Rothenberg Professor of English and American Literature and Language, and the Director of
the Humanities Centre at Harvard University), Bharti Kher (Artist) and Jeebesh Bagchi (Member Raqs Media Collective). To
foster growth and encouragement for this intellectual body of the fair, the Speakers’ Forum has received support from Forum
Partner JSW Steel and Academic Partners Goethe Institut, Critical Collective and Pro Helvetia.
“The Indian art market has seen a considerable uplift over the last couple of months, and as we prepare for the 6th edition of India Art
Fair there is a renewed level of confidence in the market, from both the buying and selling perspective. India Art Fair has a hugely
exciting programme ahead, with 91 booths and 1000 artists participating from galleries across the globe. When we consider the scale
and scope of not just the art fair but the way the larger scene has evolved since we started, we certainly have come a long way as an
emerging market and continue to have the most promising years still ahead of us for both modern and contemporary art.”
Neha Kirpal, Founder and Director, India Art Fair.
“YES BANK recognizes the enormous growth potential in the field of Art, and we are continuously striving to facilitate a responsible
attitude to Indian and global Art, by introducing synergistic corporate interest, support and patronage through corporatization of Art.
We at YES BANK are proud to be the Presenting Partner of India Art Fair and endeavour to spearhead initiatives which can foster
creativity and promote the development of Art in the long run.”
Rana Kapoor, Managing Director & CEO, YES BANK Limited
Attachments: Industry endorsements for the 6th Edition of India Art Fair.
# Images of the artwork to be showcased are available on request
Notes to Editors
About India Art Fair: India Art Fair is a trademarked event property owned by Seventh Plane Networks. Its Founding Director
Neha Kirpal launched the fair in 2008, and has been instrumental in steering the fair’s unprecedented growth over 6 years into
becoming the premier destination for art in the region. In 2011, Neha Kirpal divested a stake in India Art Fair to two new strategic
partners; Sandy Angus (Chairman of global exhibitions group Montgomery Worldwide which has launched several art fairs around
the world) and Will Ramsay (Founder of PULSE Art Fairs, and Affordable Art Fairs). Mr. Angus and Mr. Ramsay are also co-founders
of the Hong Kong International Art Fair and bring in their global expertise in exhibitions and events, and the support of a truly global
network to India Art. For the 6th edition, YES BANK will be Presenting Partner. YES BANK’s association with India Art Fair is part of
the Bank’s Retail and Wealth Management initiative. India Art Fair is also supported by ABSOLUT as Associate Partner, and other
partners are Panerai, Le Meridian and Conde Nast India.
http://www.indiaartfair.in
FOLLOW INDIA ART FAIR ON:
PRESS CONTACTS: India: Amrita Kapoor |New Delhi | + 91 9818058964 | amrita.kapoor@flint-pr.com
International: Camilla Purdon |London| +44 203 4632086 | camilla.purdon@flint-pr.com

AAP नेता नहीं दे रहे पार्टी फंडिंग पर जानकारी : केंद्र ने #HighCourt को बताया

Punjab Kesari ‏@punjabkesari 1m

#AAP नेता नहीं दे रहे पार्टी फंडिंग पर जानकारी : केंद्र ने #HighCourt को बताया http://bit.ly/1b6P72C  pic.twitter.com/6i2jaG54lU

10:29 PM - 28 Jan 2014 · Details Flagged (learn more)

                    

Sunny’s lingerie goes missing – Security beefed up on the sets of Ragini MMS 2.

Sunny Leone’s upcoming HORREX (horror and sex) film Ragini MMS-2 to see her don expensive, top-of-the-line lingerie in some scenes, most of which was ordered from a website of a renowned international brand. This reports from a source, “Sunny is extremely particular about her lingerie and likes wearing the best so that it does not affect her skin.” But  while shooting for a pivotal scene in the film that required Sunny to don an exquisite grey lingerie, the crew realized that it had gone missing. Frantic attempts by the costume team and the direction team yielded no results! Sunny’s lingerie had gone missing from the sets! Owing to a continuity issue, the makers had to instantly re-order the same piece and paid a premium for early shipping to avoid a delay in the commencement of shoot. From then on, the security on the sets was beefed up to prevent such unusual thefts.

Shailesh Giri

 

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Kermit and Miss Piggy Topiaries, Urban Farm Eats Outdoor Kitchen Debut

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Kermit and Miss Piggy Topiaries, Urban Farm Eats Outdoor Kitchen Debut March 5 at Epcot International Flower & Garden Festival in Walt Disney World Resort, Florida

‘The Mike & Sulley’s Monstrous Garden, Flower Power Newbies and More through May 18

 
India 29^th January 2014– Kermit the Frog will find it is easy being green when his artfully-crafted character topiary debuts during the 21st Epcot International Flower & Garden Festival presented by HGTV March 5 to May 18, 2014 at Walt Disney World Resort.  With flamboyance to spare, a floral Miss Piggy will join Kermit and his blooming banjo in the World Showcase topiary display.

Urban Farm Eats will be the new Outdoor Kitchen on the promenade with a sustainable garden featuring tilapia, eggplant and other farm-raised treats. Guests can try new menu items including the Land-Grown Eggplant “Scallop” with Romesco Sauce, Ghost Pepper Dusted Tilapia with Winter Melon Salad and Mango Chutney, plus red and white vegan wines and gluten-free beer.

The festival’s nearly 100 whimsical topiaries and its 11 tantalizing Outdoor Kitchens with sweet and savory indulgent bites are reason enough to visit the 75-day flower and garden extravaganza. Yet the park will be packed with so much more as it transforms to a rainbow-hued wonderland of sweeping gardens and exhibits. Stars of HGTV, including Alison Victoria of “Kitchen Crashers” and Matt Blashaw of “Yard Crashers,” will appear each weekend at the Festival Center, Audubon will debut its new Hummingbird Garden and Mike & Sulley’s Monstrous Garden opens as a fun-filled play land.

More Festival News . . .

• Goofy, Donald Duck and Daisy Duck topiaries will appear in a new Epcot front entrance garden vignette celebrating spring with a butterfly hunt adventure.  The topiaries will have a new computer-generated look while telling an entertaining story.  Goofy’s butterfly net will prove useless as topiary butterflies light on the back of his floral garb.  A topiary bee buzzes on an exasperated Donald’s head.  The garden will feature a real waterfall and pond with water lilies.
• Now in their second festival year, the festival’s 11 food and beverage garden marketplaces have been dubbed Outdoor Kitchens, where chefs will be cooking a variety of new and popular returning menu items, including vegetarian and gluten-free dishes, in 2014. At The Smokehouse BBQ Outdoor Kitchen, Piggylicious Bacon Cupcakes and Smoked Turkey Ribs are on tap with a lineup of great brews. Last year’s top menu picks like the Watermelon Salad with local baby arugula, feta cheese, pickled red onions and balsamic reduction will be back for an encore at the Florida Fresh Outdoor Kitchen.
• A new Mike & Sulley’s Monstrous Garden welcomes families with a whimsical play land of activities. Dozens of additional character topiaries, including Mickey Mouse and Peter Pan will surprise guests beyond the park’s iconic Spaceship Earth.
• The Flower Power Concert Series welcomes two new acts in 2014:  Gary Lewis and the Playboys (“This Diamond Ring”) March 14-16, and The Alan Parsons Live Project (“Eye in the Sky”) May 16-18.  During opening weekend, the series kicks off at America Gardens Theatre with fan-favorite band The Guess Who (“American Woman”) March 7-9.  Other pop acts set to perform include Chubby Checker & the Wildcats, The Village People and Paul Revere & The Raiders. (Entertainment is subject to change).
• Hummingbirds at Home, a new exhibit presented by the National Audubon Society, will feature walk-through hummingbird gardens and tips on how to attract the magical creatures that migrate to Florida from South America each year.
• For the second year, illuminated gardens will cast a festive glow across the park when the sun sets each evening.
• Mater of the Disney-Pixar “Cars” film hit is back by demand with the new Mater’s Parts, Plants and Play Garden. Tinker Bell’s Butterfly House will be aflutter with hundreds of the winged beauties and a fairy topiary of Tinker Bell.
• At the Festival Center in the park’s Future World, twice-daily interactive gardening workshops will set the stage for outdoor do-it-yourself inspiration, and gardening guest speakers will appear daily.  Fridays through Sundays, HGTV design celebrities will host home, garden and design seminars.

As they sample from marketplace menus, guests can wander among multiple themed gardens and children’s play areas.  Dozens of Disney-crafted “flower towers,” herb gardens and beds of multi-colored blooms will add to the floral splendor of the park’s landscape.  Disney’s garden gurus estimate 70,000 bedding plants will surround the Future World east and west lakes alone; on the water, 220 mini-gardens will be set afloat.  Several special weekend happenings, including the popular Art in the Garden Weekend, will be scheduled.

While Disney guests celebrate spring, they also can explore the reimagined, design-centric Test Track Presented by Chevrolet, the hang-gliding sensation of Soarin’ and other high-tech Future World marvels.  In World Showcase, the spotlight will shine on topiaries of Disney princesses, storybook characters and even pandas and trolls, guests can discover the attractions, shops and restaurants that represent cultures and cuisine of 11 countries. Spice Road Table, which debuted in January at the Morocco showcase, will be open for lagoon-side noshing on tasty tapas.

For media inquiries, please contact:

Jasmine Roy
Manager – Corporate Communications
Walt Disney World Resort
jroy@aviareps.com +91 90046 90231

 

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21 Gun Salute International Vintage Car

29012014

 

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Boletín informativo. Miércoles 29 de Enero 2014.

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Boletín informativo. Miércoles 29 de Enero 2014.                     Economía Social | Laboral                                    LA REUNIóN ENTRE SINDICATOS Y PATRONAL DE COCA-COLA TERMINA SIN ACUERDO         CCOO impugna el ERE de Coca-Cola         Comisiones Obreras ha decidido impugnar ante la Inspección de Trabajo el ERE de Coca-Cola Iberian Partner porque no es un grupo laboral, según han confirmado fuentes del sindicato a nuevatribuna.es. Tras el fracaso de la primera ronda de negociaciones, los trabajadores advierten de que continuarán las protestas. La compañía teme que la marca ‘Coca-Cola’ se vea dañada con la decisión de la embotelladora.                             Salir de la crisis sin clase media, sólo pobres         Por Carmen Barrera | La apuesta que está haciendo el ejecutivo del Partido Popular por precarizar y desregularizar el mercado de trabajo está pasando una grave factura a la ciudadanía española.                                         NUEVA VUELTA DE TUERCA A LA REFORMA LABORAL DE RAJOY         El FMI insiste a España que debe seguir bajando salarios         Proseguir con la devaluación salarial y acabar con la negociación colectiva siguen siendo las recetas del Fondo Monetario Internacional para España que advierte que el éxito de la reforma laboral no puede verse menoscaba con una “interpretación restrictiva” de los tribunales.                           BAJAR MÁS LOS SALARIOS DEBILITA LA DEMANDA INTERNA         El PSOE invita a Lagarde a venir a España y “conocer el nivel salarial”         El PSOE califica la nueva recetas del FMI “claramente errónea, equivocada e ineficiente” tanto para la recuperación económica como para la creación de empleo.                           PARA SALIR DE LA CRISIS         UGT responde al FMI que es preciso potenciar los salarios         “Abaratar aún más los salarios, generalizar la precariedad y desmantelar la negociación colectiva son una inyección letal para la economía española”, advierte el sindicato.               Las enseñanzas de la #MareaBlanca         Por Joan Coscubiela | La victoria de la #MareaBlanca debería suponer un punto de inflexión. La esperanza que genera la lucha ha ganado frente la resignación.                             Otro golpe directo al mentón de Cospedal         Por Juan Antonio Mata Marfil | El Tribunal Superior de Justicia de Castilla-La Mancha, ha anulado, una vez más decisiones unilaterales, arbitrarias y caciquiles del Gobierno de Cospedal.                           Y QUE ELIMINE A LOS ASESORES CONTRATADOS         Sindicatos piden a Cospedal que readmita a los casi 500 interinos de C-LM despedidos en 2012         Los sindicatos UGT y STAS avisan que los 14 millones que podría costar la sentencia del TSJCM, en año y medio alcanzarán los 28 si el Supremo la ratifica.                                         SEGúN UN INFORME SOBRE LOS PROCESOS DE EJECUCIóN HIPOTECARIA ELABORADO POR EL BANCO DE ESPAñA         En el primer semestre de 2013 se ejecutaron 20.000 desahucios         El número de desahucios registrados en España en el primer semestre de 2013 se situó en 19.567, prácticamente los mismos que se contabilizaron en todo 2013.      Cultura                        El día que no pudimos cantar con Peter Seeger ¡Viva la Quince Brigada!         Por Orencio Osuna | Al conocer la muerte de Peeter Seeger acuden a mi memoria esas canciones que asocio a tantas y tantas lucha contra la barbarie y la injusticia que durante décadas han entonado millones de personas en todo el mundo….               Adios a Pete Seeger, cantante y compañero comprometido         Por Manel García Biel | Pete Seeger ha sido un hombre solidario y comprometido con todas las causas dignas, por las que utilizó sin rodeos sus canciones. Él fue también compositor de grandes himnos de progreso como es el mundialmente reconocido “We Shall Overcome”…      Opinión · Víctor Moreno: Entremés religioso en dos actos         Las apariciones públicas de Jorge Fernández y de Fátima Báñez, confirman que la existencia del encefalograma plano no es un mito…       · Juan Antonio Molina: El problema español         Se suele hablar al otro lado del Ebro del problema catalán. Pero sin embargo, cuando ese concepto se vertebra desde un Estado sin identidad…       · Alberto Requena: ¿Y si no hubiera final de la crisis?         Llamamos crisis a la situación que estamos atravesando. Pero crisis implica que hay posible superación, que pasa, que tiene final…     Derechos Humanos                      PRESENTAN ESTE VIERNES SUS PRIMERAS DENUNCIAS          Víctimas del ‘robo de bebés’ presentarán denuncias en el Consulado argentino en Madrid         La asociación ‘Todos los niños robados son también mis niños’ presentará este viernes las dos primeras denuncias relacionadas con el ‘robo de bebés’ en el Consulado argentino en Madrid para que las investigue la juez María Servini.                                         LA FAMILIA LLEGARA AL TRIBUNAL DE ESTRASBURGO         El Gobierno quiere archivar el caso Couso         Los militares estadounidenses que mataron al cámara español José Couso podrían quedar libres de toda culpa de aprobarse la proposición ley presentada por el PP, que recorta, hasta prácticamente hacer desparecer, la jurisdicción universal.      MODIFICAR / CANCELAR SUSCRIPCIÓN                 Está recibiendo este boletín tras solicitar este servicio                a través de la web de Nueva Tribuna. En cualquier momento puede modificar o cancelar su suscripción                accediendo a  esta dirección.                 Nueva Tribuna Información continua y análisis para una ciudadanía comprometida con los valores de libertad, igualdad y justicia.                                           © medio digital de información general                                 editado por Página 7 Comunicación S.L.                                 C/ Noblejas, 5 Bajo – 28013 Madrid

 

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IIIF launched to bridge the financial gap of MSME sector

29012014

The India Inclusive Innovation Fund (IIIF) launched to bridge the financial gap of MSME sector

 

The programme is to bring various stakeholders together not only for financing the enterprises but also providing handholding support in different manner through technical inputs to connect with the markets

 

The National Innovation Council (NInC) and the Ministry of Micro, Small and Medium Enterprises (MSME) has jointly announced the creation of the India Inclusive Innovation Fund (IIIF). The India Inclusive Innovation Fund has been approved by the Union Cabinet with a view to combine innovation and the dynamism of enterprise to solve the problems of citizens at the base of the economic pyramid in India .

The fund will be registered under SEBI’s Alternative Investment Fund Category I guidelines with an initial corpus of Rs. 500 crores, with the Ministry of MSME committing to 20% (Rs 100 crores) and the balance will be given by banks, insurance companies, overseas financial and development institutions. The fund will endeavour to provide modest financial returns ensuring significant social impact to the community. The fund’s eventual aim is to expand the corpus to Rs. 5,000 crores over the next 24 months. The IIIF seeks to create a new class of capital which helps in setting up and upgrading entrepreneurial skills and innovation which is the need of the economy. The fund will invest in innovative, scalable and sustainable ventures and address social needs of less privileged citizens in areas such as healthcare, food, nutrition, agriculture, education / skill development, energy, financial inclusion, water, sanitation, employment generation, etc. 

IIIF seeks to address the existing capital gap and therefore initially, at least 50% of its investments will be to enterprises that fall in the MSME stage. The IIIF will also partner the entire ecosystem in this space, including incubators, angel groups, and also public R&D programmes and laboratories to support the commercialisation and deployment of socially relevant innovative technologies and solutions. The day to day operations of the fund will be entrusted to an Asset Management Company (AMC) which will be set up as a Section 25 not for profit company.

The underline philosophy of the programme is to bring various stakeholders together not only for financing the enterprises but also providing handholding support in different manner through technical inputs to connect with the markets. A number of initiatives will be brought on board and will have a bearing in future on this programme.

 

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OBC Press meet Q-3 Financial Results 2013-14

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                                                            Shri S. L. Bansal

Chairman & Managing Director

Oriental Bank of Commerce

Cordially invite you to a

PRESS MEET

on the occasion of the announcement of

Q-3 Financial Results 2013-14

on Friday, 31st January, 2014

at

Oriental Bank of Commerce,

Corporate Office

Plot No 5 , Sector 32

Institutional Area , Gurgoan – 122001

at 1.00 PM

Press Meet will be followed by Lunch

RSVP

Andy : 9999573707

www.obcindia.co.in

 

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Before too long, I’ll be heading to the Capitol

29012014

Hello everyone,

Before too long, I’ll be heading to the Capitol to report on the state of our union – and talk about the year ahead.

It’s one of the most important traditions of the American democracy, and it happens tonight.

Let me know you’ll be watching.

President Barack Obama

This email was sent to nksagar_1@yahoo.com.

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Opening with light show of Patrick Rimoux  latest exhibition

29012014

Jean-Philippe Bottin   Dear friends, Just a quick reminder. I hope to see you all for the opening with light show of Patrick Rimoux latest exhibition (Formes et Lumière) at Alliance Française de Delhi, tomorrow Wednesday

To Jean-Philippe BottinMe

 

 

Jan 28 at 5:40 PM

Dear friends,

Just a quick reminder. I hope to see you all for the opening with light show of Patrick Rimoux latest exhibition (Formes et Lumière) at Alliance Française de Delhi, tomorrow Wednesday from 7pm onwards.

For those who have other commitments, don’t miss this opening, just pop in for a couple of minutes!

Je compte sur vous,

Warmest regards,

Jean-Philippe.

– Jean-Philippe Bottin

Directeur, Alliance Française Delhi

Délégué Général Inde Népal, Fondation Alliance Française

72 Lodi Estate, New Delhi 110 003, India

Mob: (91) 9560004641, Twitter: @JPBottin

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Dear N.K , African railway operators, end-users, investors and governments hungry for innovative solutions are exploring the latest trends in rolling stock, safety, signalling and train control, security, track and station infrastructure, design, development and railway innovation. The African railway industry will never be the same again.  3 events in 1 Download the advance brochure here > Breaking News: Africa Rail announces 2014 keynote speakers - real influencers sharing their secrets! The show presents a lucrative opportunity for the continent’s foremost solution providers to meet new customers, showcase their solutions, and to grow their client base in Africa. Discover what the top railway projects in Africa require and how your company can get involved. Introducing 2 new exciting events.... The Cargo Show Africa The Cargo Show Africa is the leading exhibition and idea exchange for the African cargo owning community, who are hungry for innovative solutions in transporting their cargo. This is a platform for cargo transportation solution providing to showcase their business to Africa’s key cargo owners and buyers. The Transport Security and Safety Show Issues of safety and security have haunted the transport sector for many years. In Africa, governments have recently seen a spike in criminal activities and terrorism. In the freight industry, the major risks for operators and cargo owners are centered around safety and security issues.  Download the brochure now > Best Regards,  Samantha Futcher Project Director samantha.futcher@terrapinn.com +27 11 516 403