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townpostin · 2 months

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Budget Boosts Economic Optimism in Jharkhand: Arun Prakash

CII official lauds growth-centric fiscal plan Government’s financial roadmap garners praise for its focus on infrastructure, MSMEs, and tax reforms. JAMSHEDPUR – Local industry leader commends the latest budget for its potential to drive economic progress. The recent budget announcement has received a positive reception from Jharkhand’s business community. Arun Prakash, a key figure in the…

#बिजनेस #business #CII economic assessment #economic growth strategies #fiscal deficit reduction India #Indian budget highlights 2024 #infrastructure investment India #Jharkhand budget analysis #Jharkhand business outlook #MSME support measures #Mudra loan expansion #tax reform impact

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wealthview · 9 months

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CMR Green Technologies IPO Date, Price, GMP, Review, Company Profile, Risk, Financials 2023

New Post has been published on https://wealthview.co.in/cmr-green-technologies-ipo/

CMR Green Technologies IPO Date, Price, GMP, Review, Company Profile, Risk, Financials 2023

CMR Green Technologies IPO: CMR Green Technologies Ltd. is a subsidiary of the CMR Group, India’s largest producer of aluminum and zinc die-casting alloys. They operate through twelve manufacturing plants across India and are known for utilizing advanced technology and sustainable practices in their metal recycling and alloy production processes.

CMR Green Technologies IPO Details:

IPO Dates: The IPO dates have not yet been officially announced.

Offer Size: The offer size is also not yet disclosed.

Price Band: The price band for the issue is yet to be determined.

Also Read: How to Apply for an IPO?

#Allotment Details #Company Profile #Financial Performance #IPO #IPO analysis #UPCOMING IPO #News

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taxaccountantlondon · 11 months

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Insurance and Risk Management for Construction Businesses: A Financial Perspective

Introduction

Construction businesses play a vital role in the growth of economies around the world. However, these companies are often exposed to various risks and uncertainties, both in the short and long term. Managing these risks is crucial for their financial stability and growth. In this blog, we will explore the importance of insurance and risk management from a financial perspective, shedding light on the latest statistics related to this topic. Additionally, we will discuss how pension services, wealth management advisors, tax accountants in London, and business accounting services can play a crucial role in ensuring the financial well-being of construction businesses.

1. Understanding the Risks in Construction

Before delving into the financial aspects of insurance and risk management, it's essential to understand the risks inherent in the construction industry. Construction businesses face a wide range of potential risks, including:

a. Health and Safety Risks: Construction sites are inherently dangerous places. Accidents can lead to injuries, lawsuits, and increased insurance premiums.

b. Environmental Risks: Construction activities can have an impact on the environment, leading to potential liabilities.

c. Project Delays: Delays in construction projects can result in financial losses, penalties, and damaged client relationships.

d. Economic and Market Risks: Fluctuations in the economy and the construction market can affect project demand and profitability.

e. Legal Risks: Construction companies must navigate complex legal and contractual issues, which can result in litigation and financial liabilities.

Latest Stats: According to a report by the Construction Industry Institute (CII), construction projects encounter an average cost overrun of 18.7%, emphasizing the importance of risk management in the industry.

2. The Role of Insurance in Construction

Insurance is a critical tool for mitigating risks in the construction industry. While it involves a financial cost, the protection it provides is invaluable. Construction companies typically need various types of insurance, including:

a. General Liability Insurance: Protects against claims for property damage and bodily injury.

b. Workers' Compensation Insurance: Covers medical costs and lost wages for injured employees.

c. Builder's Risk Insurance: Provides coverage for property under construction, including materials and equipment.

d. Professional Liability Insurance: Protects against claims of errors or negligence in design or consulting services.

Latest Stats: A study by the National Association of Insurance Commissioners (NAIC) indicates that the construction industry spends over $50 billion annually on insurance premiums in the United States alone.

3. Risk Management Strategies

Risk management goes beyond insurance and involves identifying, assessing, and mitigating risks proactively. Construction businesses can implement several strategies to manage risks effectively, such as:

a. Project Risk Assessments: Conduct thorough assessments before starting a project to identify potential risks and develop mitigation plans.

b. Contract Review: Ensure contracts are well-drafted and protect the company's interests, including indemnification clauses.

c. Safety Protocols: Implement stringent safety procedures and provide ongoing training to minimize accidents.

d. Technology Adoption: Utilize construction management software to monitor projects, costs, and timelines effectively.

e. Financial Planning: Maintain a robust financial reserve to cover unexpected expenses and mitigate the impact of project delays.

Latest Stats: According to a survey conducted by Dodge Data & Analytics, construction companies that prioritize risk management have a 64% higher chance of completing projects on time and on budget.

4. The Role of Financial Advisors in Risk Management

Financial advisors, including wealth management advisors and tax accountants in London, can play a crucial role in risk management for construction businesses. Here's how they contribute:

a. Wealth Management Advisors: These professionals assist construction business owners in building and preserving wealth. They help in creating investment portfolios, retirement plans, and financial strategies that can safeguard the owner's personal wealth in case of business setbacks.

b. Tax Accountants in London: Expert tax accountants can optimize the company's tax structure, reducing the financial burden and ensuring compliance with tax laws.

Latest Stats: According to a survey conducted by the Chartered Institute for Securities & Investment (CISI), 68% of construction business owners believe that wealth management advisors have played a significant role in their financial success.

5. Business Accounting Services for Construction

Business accounting services are essential for construction companies looking to maintain financial stability and transparency. These services include:

a. Financial Statement Preparation: Accurate financial statements are crucial for understanding the company's financial health.

b. Tax Planning and Compliance: Ensure that the business complies with tax laws and leverages available tax incentives.

c. Budgeting and Forecasting: Develop budgets and financial forecasts to make informed decisions.

d. Cost Control: Identify and manage costs efficiently to maintain profitability.

Latest Stats: A report by the Association of Chartered Certified Accountants (ACCA) shows that 78% of construction companies that use business accounting services report better financial management and more strategic decision-making.

Conclusion Insurance and risk management are integral to the financial well-being of construction businesses. The latest statistics highlight the significance of these aspects in the industry. Additionally, the involvement of pension service, wealth management advisors, tax accountants in London, and business accounting services can further enhance a construction company's ability to manage risk and maintain financial stability. By combining these elements, construction businesses can thrive in a challenging and dynamic environment, ensuring long-term success.

#pension service #wealth management advisor #tax accountant london #business accounting services

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fibre2fashion · 2 years

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India will become a global powerhouse by 2047: Piyush Goyal

India is on the path to become a powerhouse driving global growth by 2047, said union minister of commerce and industry, consumer affairs, food and public distribution, and textiles Piyush Goyal when recently addressing the business community of southern California.

Goyal also noted that the completion of the Indo-Pacific Economic Framework (IPEF) is an important milestone for free and fair trade with like-minded countries, who share the objective of having rule-based international order and a transparent economic system, according to a press release by India’s ministry of commerce and industry.

Politically stable and open economies in the Indo-pacific region are coming together to expand economic activities amongst each other, he added.

Goyal added that the transformational work happening in India has taken the country to the 5th spot among world economies. Assessing the impact of the foundational changes and structural transformation that has happened in the last few years, Goyal mentioned that CII estimates India in 2047 to be a $35-45 trillion economy, bringing the country into the league of developed nations.

Read more about India will become a global powerhouse by 2047: Piyush Goyal

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#india #piyush goyal #news

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myallywynn · 4 years

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IMO Environment Committee approves amendments to cut ship emissions

Draft amendments to the MARPOL convention would require ships to combine a technical and an operational approach to reduce their carbon intensity.

Draft new mandatory regulations to cut the carbon intensity of existing ships have been approved by the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC), meeting in virtual session from 16-20 November 2020..

This builds on current mandatory energy efficiency requirements to further reduce greenhouse gas emissions from shipping.

The MEPC also agreed the terms of reference for assessing the possible impacts on States, paying particular attention to the needs of developing countries, in particular Small Island Developing States (SIDS) and least developed countries (LDCs).

The draft amendments to the MARPOL convention would require ships to combine a technical and an operational approach to reduce their carbon intensity.

This is in line with the ambition of the Initial IMO GHG Strategy, which aims to reduce carbon intensity of international shipping by 40% by 2030, compared to 2008.

The amendments were developed by the seventh session of the Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 7), held as a remote meeting 19-23 October 2020.

The draft amendments will now be put forward for formal adoption at MEPC 76 session, to be held during 2021.

IMO Secretary-General Kitack Lim, said, “Considerable further work on the implementation of the measures is still ahead of us, but I am confident that, the IMO spirit of cooperation, shown during the past years, will enable swift progress with the development of technical guidelines and a Carbon Intensity Code as well as the essential further work on the comprehensive assessment of impacts of the measures on developing countries, SIDs and LDCs. I express my gratitude to all Member States that have indicated a commitment to supporting these efforts.”

He said the approved amendments were important building blocks without which future discussions on mid and long-term measures will not be possible.

The progress in developing the short-term measures follows the timeline as set out in the initial IMO GHG strategy. The strategy proposed that short-term measures should be those measures finalized and agreed by the Committee between 2018 and 2023.

Draft MARPOL amendments

The draft amendments would add further requirements to the energy efficiency measures in MARPOL Annex VI chapter 4. Current requirements are based on the Energy Efficiency Design Index (EEDI), for new build ships, which means they have to be built and designed to be more energy efficient than the baseline; and the mandatory Ship Energy Efficiency Management Plan (SEEMP), for all ships.

The SEEMP provides for ship operators to have in place a plan to improve energy efficiency through a variety of ship specific measures.

The draft amendments build on these measures by bringing in requirements to assess and measure the energy efficiency of all ships and set the required attainment values.

The goal is to reduce the carbon intensity of international shipping, working towards the levels of ambition set out in the Initial IMO Strategy on reduction of GHG emissions from ships.

The set of amendments includes: the technical requirement to reduce carbon intensity, based on a new Energy Efficiency Existing Ship Index (EEXI); and the operational carbon intensity reduction requirements, based on a new operational carbon intensity indicator (CII).

The dual approach aims to address both technical (how the ship is retrofitted and equipped) and operational measures (how the ship operates).

Attained and required Energy Efficiency Existing Ship Index (EEXI)

The attained Energy Efficiency Existing Ship Index (EEXI) is required to be calculated for ships of 400 gt and above, in accordance with the different values set for ship types and size categories. This indicates the energy efficiency of the ship compared to a baseline.

Ships are required to meet a specific required Energy Efficiency Existing Ship Index (EEXI), which is based on a required reduction factor (expressed as a percentage relative to the EEDI baseline).

Annual operational carbon intensity indicator (CII) and CII rating

The draft amendments are for ships of 5,000 gross tonnage and above (the ships already subject to the requirement for data collection system for fuel oil consumption of ships) to have determined their required annual operational carbon intensity indicator (CII).

The CII determines the annual reduction factor needed to ensure continuous improvement of the ship’s operational carbon intensity within a specific rating level.

The actual annual operational CII achieved (attained annual operational CII) would be required to be documented and verified against the required annual operational CII. This would enable the operational carbon intensity rating to be determined.

The rating would be given on a scale – operational carbon intensity rating A, B, C, D or E – indicating a major superior, minor superior, moderate, minor inferior, or inferior performance level. The performance level would be recorded in the ship’s Ship Energy Efficiency Management Plan (SEEMP).

A ship rated D for three consecutive years, or E, would have to submit a corrective action plan, to show how the required index (C or above) would be achieved.

Administrations, port authorities and other stakeholders as appropriate, are encouraged to provide incentives to ships rated as A or B.

Review mechanism

The draft amendments would require the IMO to review the effectiveness of the implementation of the CII and EEXI requirements, by 1 January 2026 at the latest, and, if necessary, develop and adopt further amendments.

Next steps

The draft amendments can now be adopted at the MEPC 76 session, to be held during 2021.

The MARPOL treaty requires draft amendments to be circulated for a minimum six months before adoption, and they can enter into force after a minimum 16 months following adoption. The amendment procedures are set out in the treaty itself.

Impact assessment

The comprehensive impact assessment will be based on the Procedure for assessing impacts on States of candidate measures, adopted in 2019, which says a comprehensive impact assessment should provide a detailed qualitative and/or quantitative assessment of specific negative impacts on States, and be evidence-based and should take into account, as appropriate, analysis tools and models, such as, cost-effectiveness analysis tools, e.g. maritime transport cost models, trade flows models, impact on Gross Domestic Product (GDP); updated Marginal Abatement Cost Curves (MACCs); and economic trade models, transport models and combined trade-transport models.

The final comprehensive impact assessment of the short-term combined measure should be submitted to MEPC 76. Based on this, a possible framework for reviewing impacts on States of the measure adopted, and addressing disproportionately negative impacts on States, as appropriate, would be considered.

Initial IMO GHG Strategy

The initial IMO GHG Strategy, adopted in 2018, sets ambitious targets to halve GHG emission from ships by 2050, compared to 2008, and reduce carbon intensity of international shipping by 40% by 2030 compared to 2008.

The strategy lists a number of candidate measures which could also be considered to further reduce emissions and help achieve the targets in the strategy, in particular 40% reduction of carbon intensity from shipping by 2030.

Short-term measures could be measures finalized and agreed by the Committee between 2018 and 2023, although in aiming for early action, priority should be given to develop potential early measures with a view to achieving further reduction of GHG emissions from international shipping before 2023.

Dates of entry into force and when the measure can effectively start to reduce GHG emissions would be defined for each measure individually. A procedure for assessing the impact on States of a measure has been approved.

The post IMO Environment Committee approves amendments to cut ship emissions appeared first on Shipping and Freight Resource.

from Moving https://www.shippingandfreightresource.com/imo-environment-committee-approves-amendments-to-cut-ship-emissions/ via http://www.rssmix.com/

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fiinovationopportunity · 4 years

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Fiinovation okhla : the best CSR advisors in the world

All the universally accepted definitions of CSR underscore the impact that businesses have on communities and environment. Seemingly, the concept of CSR has evolved from welfare activities (such as philanthropy, donations, charity, relief work and others) to the one that now incorporates corporate citizenship, strategic philanthropy, shared value, corporate sustainability and business responsibility. CSR in India has travelled through different phases, such as community engagement, socially responsible production and socially responsible employee relations. Initially, it was more about philanthropic endeavors that were performed but not deliberated and documented. Prior to Independence, it had a national character encapsulated within it that extended support to India's freedom movement. CSR in India now appears to be thoughtful and it incorporates global knowledge of CSR in its discourse.

Innovative Financial Advisors Pvt. Ltd. (Fiinovation) is a research-based organization that offers fiinovation practices in sectors like Healthcare, Environment, Education, Skill Development and Livelihood with emphasis on Corporate Social Responsibility and Sustainability. Fiinovation believes Project Implementation and Impact Assessment has efficiently helped us to bridge the gaps between businesses and communities and has a well proven history. Fiinovation considers CSR of strategic importance. Fiinovation offers end to end CSR consulting services and simplified solutions that has helped various Corporations channelize their resources for the upliftment of community on societal, economical and ecological aspects in accordance to their CSR charter. They assist their partners in adopting sustainable approaches in their businesses as well as in undertaking impactful social initiatives as a part of their CSR mandate. Some of their proud partners include major corporations and organizations such as Uflex Limited, Flex Foods, PI Industries, Laurus Labs, IL&FS-Skills, JK Tyre, Mytrah Energy, Pipavav Railway Corporation, RPG Foundation & KEC International, amongst others. They constantly strive towards strengthening the commitment and improvising the socio-economic and ecological indices of the society for an inclusive growth.

Fiinovation ceo, Dr. Soumitro Chakraborty said,”What we take from the community, we must give back to it”. Today, Corporate Social Responsibility (CSR) is no longer a matter of mandate, but an affair of commitment that companies behold towards the society at large. It marks the best time for social interventions to take place, and an opportunity for the country to create a sustainable future for our youth. Fiinovation projects hold expertise in the following practices are Initiative Design & Management for Corporations & SME's, Social Return on Investment, Initiative Implementation, Development Communications, Monitoring & Evaluation, CSR-CSO partnership, Impact Assessment. Fiinovation company customises the various welfare activities as per the need and ensures the achievement with an alignment with the objectives. Fiinovation csr working on authenticity, quality, and confidentiality core values. Fiinovation is a knowledge partner of industry bodies such as Confederation of Indian Industries (CII) and Institute of Directors (IOD). With CII, the partnership emphasizes research for the promotion of affirmative actions along with CSR and social enterprises. Fiinovation organization has deliberated with various industrial leaders at numerous conferences conducted on corporate governance, environment management, and CSR & sustainability during the course of its path breaking partnership with IOD.

These fiinovation reviews show how their clients are happy and also you can see reviews on Fiinovation glassdoor that show the friendly company environment, which is what every employee wants. Every employee who is working at fiinovation said “All the basic needs are taken care at Innovative Financial Advisors Pvt. Ltd ”. We can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.

Fiinovation Delhi address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India.

#fiinovation #fiinovation ceo #fiinovation okhla #fiinovation delhi #fiinovation glassdoor #fiinovation reviews #fiinovation facebook #fiinovation linkedin #fiinovation twitter #fiinovation company #fiinovation csr #fiinovation youtube #fiinovation projects #fiinovation client login

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weelectronicstudentreviewstuff · 4 years

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Coronavirus COVID-19: CII submits recommendations to Centre on lifting the shutdown in a safe and calibrated manner | Economy News

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Confederation of Indian Industry (CII) on Wednesday (April 8) submitted its recommendations on the graded re-start of economic activities after the end of 21-day lockdown imposed by Prime Minister Narendra Modi on April 14.

The CII has prepared the recommendations after the assessment of the economy and the prevailing situation on the ground. In its recommendation, the CII has said that…

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#calibrated #Centre #CII #CII coronavirus lockdown #CII lockdown #Coronavirus #Coronavirus CII #COVID19 #Economy #Lifting #manner #News #recommendations #safe #Shutdown #submits

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bigyack-com · 5 years

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‘Some measures soon’: Finance Minister Nirmala Sitharaman reviews coronavirus impact on industry - business news

Finance Minister Nirmala Sitharaman has said that the government is soon going to announce measures to arrest the disruption in some sectors due to coronavirus outbreak.“The government has reviewed impact of outbreak of coronavirus on industry,” Sitharaman said at a press briefing on Tuesday, adding, “Based on comprehensive consultation, some measures will be announced shortly.”It is too early to talk about the impact of the outbreak on Make-in-India initiative, said Sitharaman, assuring that there are no concerns about price rise so far.Sitharaman addressed the mediapersons after meeting the industry representatives and other stakeholders on Tuesday afternoon to assess the impact of the novel coronavirus, which is now officially known as Covid-19.The meeting is convened after the industry expressed apprehensions that the outbreak of the disease in China would also damage the Indian economy, which is struggling to raise consumption and accelerate the economic growth.The Finance Minister said that pharmaceutical, chemical and solar equipment makers have raised voice about some disruption due to the outbreak.The Confederation of Indian Industry (CII) had earlier said in a report that India as well as other countries require to have strategies for “minimising risks and managing the situation”.“China is facing a quarantine-like situation with movement of goods and people to and from the country facing a lockdown. While the situation for human impact is very serious, the economic impact will cascade into loss of employment, markets, and small enterprises,” it said.The recently released official trade data reflected the impact of the epidemic on both exports and imports. India’s merchandise exports in January 2020 fell by 1.66 per cent in January to $25.97 billion and imports dropped by 0.75 per cent ($41.14 billion) on an annual basis amidst rising fear of global trade disruptions due to the spread of the coronavirus.The CII report said, “The outbreak of Covid-19 in China is expected to have significant global economic impact.”According to domestic retailers, India may face supply crunch due to shutdown of several Chinese factories.China supplies items such as toys, furniture, hardware, footwear, fabric, consumable goods, gift articles, watches, mobiles and mobile accessories, electronic goods, electrical products, medical and surgical equipments, surgical goods, pharmaceuticals, iron, steel, engineering goods, chemicals, construction instruments, kitchen equipments, auto spare parts, paper, stationary items, fertilisers, plastic and plastic products, fancy decorative items, cosmetics, computers and computer accessories, solar panels, and bamboo sticks for making ‘agarbatti’. Read the full article

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chemicalworldnews · 7 years

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Asia Pacific chemical sector in midst of steady recovery

By Mahesh Hegde

Asia Pacific (APAC) chemical sector has been staging a tentative recovery from tough economic phases over the past few years. Driven partly by China’s surging chemical demand, the sector is likely to gain an uptick owing to a leap in merger & acquisition deals, and investment activity in the region. A challenging and steadily recovering global economy is leading towards increased joint ventures in APAC.

Changing regulations to influence growth of chemical sector

European Chemicals Agency (ECHA) imposed REACH and CLP regulations related to chemical manufacturing in the previous decade. ECHA helps chemical companies in complying with the legislation, advancing safe utilization of chemicals and providing associated information as well as addressing concerns. These regulations aim to ensure the protection of environment and human health from hazards associated with chemicals and their production, promoting alternative procedures for assessment of hazardous substances, while enhancing innovation and competitiveness.

REACH and CLP regulations are not only impacting Europe but also influencing the chemical sector in Asia Pacific. Several APAC countries have reviewed their chemical policies & regulations, referring to REACH as a model. For example - India published the Draft National Chemical Policy, aiming to consolidate multiple legislations into one law. In addition, Korea introduced K-REACH, the Registration & Evaluation of Chemical Substances Act. Even Japan has followed the footsteps of the European REACH regulation. Representatives from Japan and Korea visited ECHA for learning more about the way of ECHA’s implementation of REACH and CLP regulations. These incidences have made rapid changes to the chemical sector in Korea, India and Japan, focusing more on public health, safety and environment. Formerly, Indian chemical sector discerned REACH and CLP regulations as technical barriers, however, post-initiative of Confederation of Indian Industry (CII) as well as Sustainable Support Services, events were organized across the nation for creating awareness about REACH compliance.

#ASIA #Pacific chemical

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acchelpcementplant-blog · 7 years

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ACC Help Cement Chikkaballapur

CII-ITC Sustainability Award 2015 for “Outstanding Accomplishment” of Corporate Excellence in Sustainability ACC has been recognized for its Corporate Excellence in Sustainability and felicitated with the prestigious CII-ITC Sustainability Award 2015 for “Outstanding Accomplishment” in the category A (companies with turnover > INR 2000 crores). This is one of the country's most coveted awards in the field of corporate sustainable development. At an awards function organised by CII in New Delhi on December 15, 2015, the then CEO & MD Mr. Harish Badami of ACC Limited was presented the CII-ITC Sustainability Award 2015 trophy and certificate by a distinguished panel led by Mr Suresh Prabhu (Hon'ble Union Minister for Railways), Mr Y C Deveshwar (Chairman ITC Ltd and Chairman, CII-ITC Centre of Excellence for Sustainable Development), Dr R A Mashelkar (former Director General CSIR and presently President, Global Research Alliance), Ambassador Mr Shyam Saran (former Foreign Secretary and presently Chairman Research & Information System for Developing Countries) and Mr Chandrajit Banerjee (Director General, CII). The award citation mentioned "ACC is awarded Outstanding Accomplishment for Outstanding Policy, Practice and Results under category A (turnover more than Rs 2000 crores) on the journey to Excellence in Sustainable Business". Asked to highlight critical success factors responsible for this award, ACC listed highlights of its environmental, social and economic performance in its cement plants – notably proactive environment and energy management measures that enabled overall carbon emissions to be cut by almost 33 per cent since 1990 and achieve lowest absolute CO2 emissions in the cement industry; maintain its best in-class production of low carbon Blended Cements; its success in embedding sustainability in its Corporate Governance; an effective co-processing programme for managing industrial, municipal and bio-mass wastes; the new Green building Centres programme to promote affordable housing besides a large social footprint covering half a million people over 150 villages. The CII-ITC awards, instituted in 2006, recognise and reward organisations that are exploring ways to become more sustainable in their activities. Winners of this Award are considered as India’s Most Sustainable role models. The Awards are a part of continued efforts undertaken by the CII-ITC Centre of Excellence for Sustainable Development to create awareness and stress the significance of sustainability practices. ACC Limited is the only company in the cement industry to win in this group. This is the second time ACC has won this cherished award, the first time being in 2013. Such recognitions are the result of ACC’s policy on creating a harmless work environment without disturbing the natural ecosystems. Ever since its inception, ACC never compromised on the industrial regulations and promoted sustainability in its realm. Previously in 2009, ACC Limited inaugurated the Thondebhavi Cement Works in Chikkaballapur district of Karnataka, which became their second new cement plant in that district. Being a Greenfield Project, several environmental measures like waste prevention and reduction, assessing compliance with regulatory requirements, and facilitating control of environmental practices were taken into account. At that time, this Chikkaballapur cement plant was installed with a capacity of 1.60 million tons, to produce fly-ash based Portland Pozzolana Cement (PPC).

#acc cement chikkaballapur #acc cement plant #acc cement

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vsplusonline · 5 years

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Industry hails Assam budget 2020-21, CM Sonowal terms it as pro people

New Post has been published on https://apzweb.com/industry-hails-assam-budget-2020-21-cm-sonowal-terms-it-as-pro-people/

Industry hails Assam budget 2020-21, CM Sonowal terms it as pro people

GUWAHATI: Assam chief minister Sarbananda Sonowal said the state budget 2020-21, presented on Friday in Assam Legislative Assembly, was pro-people.

The industry said it was inclusive and growth oriented.

Opposition Congress walked out, alleging the proposals were leaked online before presentation.

Sonowal said that the budget will benefit all sections of the people living in all districts. He also said that the budget will stimulate development and lend equal dignity, equal growth to all.

The CM also said that the budget has provided steps to catapult social, economic, educational empowerment along with providing social security to all in the state.

He also thanked Finance Minister Himanta Biswa Sarma for presenting a Budget which will be the catalyst for equal development and equal dignity of all sections of the people belonging to all districts.

Confederation of Indian Industry (CII) welcomed the budget proposals. “The Budget clearly reflects the State Government’s focus on inclusive and sustainable development, job creation and structural reforms,” Pradeep Bagla, Chairman, CII Assam State Council & Managing Director, Amrit Cement Pvt Ltd., said.

“The proposal to acquire 13.65% additional stake by the Government of Assam in Numaligarh Refinery Limited will boost up the economy of the State and will play the role a growth engine in the years to come.

Bagla complemented the State Government on the remarkable achievement of ensuring 17% increase in the State GST collection in comparison to the national average of 4% growth.

Pankaj Goswami, Vice Chairman, CII Assam State Council & Chief General Manager Oil India Limited, described the State Budget as forward-looking. “The Budget took major steps for transforming the educational scenario of the state. The announcement of establishing several medical and engineering colleges and universities in different parts of the state will let higher education easily accessible even in the remotest corner of Assam. Adequate emphasis has been given for building women capacities and ensuring their safety and comfort”, he added.

“Overall, the Budget is well balanced, and can create enablers for growth and unlock the true potential of the State,” said the Vice Chairman of CII Assam State Council.

Ranjit Barthakur, Chairman FICCI North East Advisory Council said “this is a very pragmatic budget, particularly given that the resources available to the state Government is limited. The focus on infrastructure development under Asom Mala, Chuburi Poka Rasta Asoni and City infrastructure development fund will go a long way in boosting the states economic prospects”

He also welcomed the focus on Education and Health care “the initiative to provincialize teachers posts, creation of new technical institutes and the focus on educational institutions in the Tea gardens will have far reaching impact on development of the state” he said.

Ashish Phookan, Chairman FICCI, Assam State Council while welcoming the budget proposals said “ the focus on development of entrepreneurship by including entrepreneurship in school and college curriculums and initiatives like support for the development of entrepreneurs groups villages and micro enterprise support fund have the potential to transform the states economic landscape in the near future”.

He also welcomed decision to make special provisions for development of Sibsagar as an Iconic Tourism Destination and the initiatives for welfare of tea tribes.

The Joint Forum of Assam Tea Planters’ Association (ATPA), North Eastern Tea Association (NETA) and Bharatiya Cha Parishad (BCP) hail the Assam Budget 2020. “We are grateful to Chief Minister, Finance Minister and Industries Minister for announcing TEA MISSION in the budget. Under the Tea Mission, a subsidy of Rs. 7/- per kg for production of “Orthodox tea”, withdrawal of Agricultural Income Tax for three years and 3% interest subvention on all term loans & working capital loans would be of great help especially when the tea industry is passing through crisis period,” the body observed.

“However, we appeal to the Finance Minister to include Green Tea, White Tea, Purple Tea, Yellow Tea, Oolong Tea and all other specialty teas under the Rs.7/- per kg subsidy scheme so that small tea growers engaged in production of specialty teas can also avail the scheme”, said Bidyananda Barkakoty, Adviser NETA.

“Presently the production of Orthodox tea, Green tea and other specialty teas in Assam is to the tune of about 70 million kgs annually, which is about ten percent of Assam’s total production. This subsidy will encourage tea producers to produce more orthodox tea, which has a global demand. This will also help in increase in price of CTC tea variety because of less production due to some quantity getting converted to orthodox variety”, said Barkakoty.

Tea Association of India (TAI)stated that Finance Minister of Assam presenting budget for five consecutive terms has made strong pitch for the Social Security Sectors.

TAI commends on some of the important reliefs announced for the Tea Industry in Assam which should provide immediate relief to the beleaguered Tea Industry of Assam, for example reported withdrawal of Agriculture Income Tax for the next three years, an orthodox subsidy of Rs.7/-per kg which should usher an immediate relief to the beleaguered Tea Industry. Moreover to increase the demand of Assam Orthodox tea in the International Market, subsidy or purchase of orthodox machinery commencing is a much thought about provision on the part of the Government.

TAI stated, ” It remains grateful to the Government for the realistic assessment made by it on the State of the Industry and its decision to provide 3% interest subvention on all term loans, working capital loans should prove to be a boost for the Tea Industry”.

TAI added that for the tea industry, in specific social security assurances for the Tea garden workers for each tea garden worker to get Rs.50,000/- payment of Gratuity on the very day of retirement from service, expecting mothers in the tea garden to be paid Rs.18,000/- to take care of their health are very significant.

“Some other benefits such as free electricity to tea garden workers and BPL families, family Assistance to widows financial assistance, to Tea Tribal and Adivasis students who have passed HSLC or HSC provided they continue to pursue their education, lays a strong foundation for raising education capabilities of Tea Garden youth and Releasing of third tranche of Direct Benefit Terms of Rs.3000/- to over three lakhs tea garden workers and allocation of 4 kg of free sugar novel Schemes for the tea garden population of Assam which constitutes roughly 20% by the State’s population”.

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myallywynn · 4 years

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IMO working group agrees further measures to cut ship emissions

Proposed amendments to the MARPOL convention would require ships to combine a technical and an operational approach to reduce their carbon intensity.

Draft new mandatory measures to cut the carbon intensity of existing ships have been agreed by an International Maritime Organization (IMO) working group.

This marks a major step forward, building on current mandatory energy efficiency requirements to further reduce greenhouse gas emissions from shipping.

The proposed amendments to the MARPOL convention would require ships to combine a technical and an operational approach to reduce their carbon intensity.

This is in line with the ambition of the Initial IMO GHG Strategy, which aims to reduce carbon intensity of international shipping by 40% by 2030, compared to 2008.

The amendments were developed by the seventh session of the Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 7), held as a remote meeting 19-23 October 2020.

The draft amendments will be forwarded to the Marine Environment Protection Committee (MEPC 75), to be held in remote session 16-20 November 2020.

The MEPC is the decision-making body. If approved, the draft amendments could then be put forward for adoption at the subsequent MEPC 76 session, to be held during 2021.

The ISWG-GHG 7 also discussed the next steps in assessing the possible impacts on States of the proposed combined measure.

The group agreed the proposed terms of reference for assessing the possible impacts on States, paying particular attention to the needs of developing countries, in particular Small Island Developing States (SIDS) and least developed countries (LDCs).

Despite the COVID-19 pandemic and postponements of meetings during the first half of the year, the progress on developing the short-term measures has continued, with two informal remote sessions in July and early October preceding the formal working group session.

The progress follows the timeline as set out in the initial IMO GHG strategy. The strategy proposed that short-term measures should be those measures finalized and agreed by the Committee between 2018 and 2023.

In more detail:

Proposed MARPOL amendments

The proposed draft amendments would add further requirements to the energy efficiency measures in MARPOL Annex VI chapter 4.

Current requirements are based on the Energy Efficiency Design Index (EEDI), for new build ships, which means they have to be built and designed to be more energy efficient than the baseline; and the mandatory Ship Energy Efficiency Management Plan (SEEMP), for all ships.

The SEEMP provides for ship operators to have in place a plan to improve energy efficiency through a variety of ship specific measures.

The draft amendments build on these measures by bringing in requirements to assess and measure the energy efficiency of all ships and set the required attainment values.

The goal is to reduce the carbon intensity of international shipping, working towards the levels of ambition set out in the Initial IMO Strategy on reduction of GHG emissions from ships.

These are two new measures: the technical requirement to reduce carbon intensity, based on a new Energy Efficiency Existing Ship Index (EEXI); and the operational carbon intensity reduction requirements, based on a new operational carbon intensity indicator (CII).

The dual approach aims to address both technical (how the ship is retrofitted and equipped) and operational measures (how the ship operates).

Attained and required Energy Efficiency Existing Ship Index (EEXI)

The attained Energy Efficiency Existing Ship Index (EEXI) is required to be calculated for every ship. This indicates the energy efficiency of the ship compared to a baseline.

Ships are required to meet a specific required Energy Efficiency Existing Ship Index (EEXI), which is based on a required reduction factor (expressed as a percentage relative to the EEDI baseline).

Annual operational carbon intensity indicator (CII) and CII rating

The proposals are for ships of 5,000 gross tonnage and above to have determined their required annual operational carbon intensity indicator (CII).

The CII determines the annual reduction factor needed to ensure continuous improvement of the ship’s operational carbon intensity within a specific rating level.

The actual annual operational CII achieved (attained annual operational CII) would be required to be documented and verified against the required annual operational CII.

This would enable the operational carbon intensity rating to be determined. The rating would be given on a scale – operational carbon intensity rating A, B, C, D or E – indicating a major superior, minor superior, moderate, minor inferior, or inferior performance level.

The performance level would be recorded in the ship’s Ship Energy Efficiency Management Plan (SEEMP).

A ship rated D for three consecutive years, or E, would have to submit a corrective action plan, to show how the required index (C or above) would be achieved.

Review mechanism

The draft amendments would require the IMO to review the effectiveness of the implementation of the CII and EEXI requirements, by 2026 at the latest, and, if necessary, develop and adopt further amendments.

Next steps

The draft amendments developed by the Working Group will be forwarded to the MEPC for discussion with a view to approval. If approved, they could then be put forward for adoption at the subsequent MEPC 76 session, to be held during 2021.

The MARPOL treaty requires draft amendments to be circulated for a minimum six months before adoption, and they can enter into force after a minimum 16 months following adoption. These are amendment procedures set out in the treaty itself.

Impact assessment

The comprehensive impact assessment would be initiated after MEPC 75, following the Committee’s approval of the terms of reference for the impact assessment.

The impact assessment would be based on the Procedure for assessing impacts on States of candidate measures, adopted in 2019, which says a comprehensive impact assessment should provide a detailed qualitative and/or quantitative assessment of specific negative impacts on States, and be evidence-based and should take into account, as appropriate, analysis tools and models, such as, cost-effectiveness analysis tools, e.g. maritime transport cost models, trade flows models, impact on Gross Domestic Product (GDP); updated Marginal Abatement Cost Curves (MACCs); and economic trade models, transport models and combined trade-transport models.

The final comprehensive impact assessment of the short-term combined measure would be submitted to MEPC 76. Based on this, a possible framework for reviewing impacts on States of the measure adopted, and addressing disproportionately negative impacts on States, as appropriate, would be considered.

Initial IMO GHG Strategy

The initial IMO GHG Strategy, adopted in 2018, sets ambitious targets to halve GHG emission from ships by 2050, compared to 2008, and reduce carbon intensity of international shipping by 40% by 2030 compared to 2008.

The strategy lists a number of candidate measures which could also be considered to further reduce emissions and help achieve the targets in the strategy, in particular 40% reduction of carbon intensity from shipping by 2030.

Short-term measures could be measures finalized and agreed by the Committee between 2018 and 2023, although in aiming for early action, priority should be given to develop potential early measures with a view to achieving further reduction of GHG emissions from international shipping before 2023.

Dates of entry into force and when the measure can effectively start to reduce GHG emissions would be defined for each measure individually. A procedure for assessing the impact on States of a measure has been approved.

The post IMO working group agrees further measures to cut ship emissions appeared first on Shipping and Freight Resource.

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fiinovationopportunity · 4 years

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Fiinovation CEO : Dr. Soumitro Chakraborty!!

Dr. Soumitro Chakraborty is the Founder and CEO of Innovative Financial Advisors Pvt. Ltd. (Fiinovation). Innovative Financial Advisors Pvt. Ltd (Fiinovation), is a leading research and advisory firm that offers mastery in the corporate social Responsibility (CSR) and supportability space. It is engaged towards improving quality over the hierarchical worth chain through development.

Fiinovation mission,”To conceptualize, develop, manage and implement result-oriented initiatives through mobilization and utilization of resources to create a positive social impact.”

Fiinovation CEO, Dr Soumitro Chakraborty said, “Being responsible in a business is not a choice anymore and we’re racing against time. We take pride in the fact that our company is a catalyst in the process. At Fiinovation, we realise the approach towards addressing the social challenges with cost-effectiveness and time-orientation. Certainly, there is an immense growth potential in this sector, both quantitatively and qualitatively. What is important is that the commitment, even if they are minuscule, are undertaken and directed towards a positive and realistic impact which is measurable and scalable.”

Innovative Financial Advisors Pvt. Ltd. (Fiinovation) is a research-based organization that offers fiinovation practices in sectors like Healthcare, Environment, Education, Skill Development and Livelihood with emphasis on Corporate Social Responsibility and Sustainability. Fiinovation projects mainly based on Initiative Design & Management for Corporations & SME's, Initiative Implementation, Monitoring & Evaluation, CSR-CSO partnership, Impact Assessment, Development Communications, Social Return on Investment. Fiinovation is a knowledge partner of industry bodies such as Confederation of Indian Industries (CII) and Institute of Directors (IOD). With CII, the partnership emphasizes research for the promotion of affirmative actions along with CSR and social enterprises. In addition, our organization has deliberated with various industrial leaders at numerous conferences conducted on corporate governance, environment management, and CSR & sustainability during the course of its path breaking partnership with IOD. Being a research-driven organisation, Fiinovation also contributes to IOD's Masterclass for Directors that has a wide spectrum of subjects such as corporate governance, sustainability, HR practices, finance, corporate social responsibility, environmental management and board effectiveness.

Innovative Financial Advisors Pvt. Ltd. provides fiinovation jobs in Relationship manager, Senior manager, human resources manager, project developer, Data analyst, program manager, Business development manager, and Senior project manager. Fiinovation CEO awarded by Uflex, Fiinovation & Aroh awarded the Bureaucracy Today- CSR Excellence Award 2017 for Natural Resource Conservation Project, Mr. Soumitro Chakraborty – CEO, Fiinovation Awarded 'Most Admired Leader for CSR & Sustainability 2017, Europe Business Assembly Queen Victoria commemorative Medal, London, UK - 2016, CSR Leadership Award 2017' to Mr. S. Chakraborty for his contribution in CSR and Sustainability; Fiinovation with the CSR Leadership Award for ‘Best Environment Friendly Project, Awarded Best Team of the Year at World CSR Congress, Mumbai - 2015, Most Caring Company Award world CSR Congress, Mumbai - 2015, Best innovation: Product or Service Award World CSR Congress, Mumbai - 2014, Award For Best Enterprises of the year & Manager of the Year, Oxford Town Hall, Oxford, UK - 2014.

These fiinovation reviews show the friendly company environment, which is what every employee wants.You can see reviews on Fiinovation glassdoor. Fiinovation believes that mentioned CSR trends are more impactful for 2020. Fiinovation CSR activities are appreciated by many corporates and the Fiinovation news about their latest projects is also covered by well-known media channels like ANI News and economic times. Fiinovation family working on many solutions are Analytics, grant management, programme management, proposal research laboratory, and project optimization.

We can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.

Fiinovation Delhi address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India.

#fiinovation #fiinovation ceo #fiinovation jobs #fiinovation delhi #fiinovation okhla #fiinovation reviews #fiinovation glassdoor #Fiinovation company #fiinovation facebook #fiinovation linkedin #fiinovation twitter #fiinovation family #fiinovation projects #fiinovation news

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iasshikshalove · 5 years

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Current Affairs Dated On 20-07-2019

C.A Dated On 20-07-2019 GS-2 National register of citizens How many face deportation?  The number of people being left out of the NRC is not yet final, and it is not clear if any of them can be deported at all.  First, the numbers. The final draft NRC had left out 40 lakh applicants. Another 1 lakh, originally among the 2.89 crore included in that draft, were removed after subsequent verification.  However, the number is unlikely to remain at 41 lakh. There could be more deletions as objections have been filed against 2 lakh of the names included.  There are likely be some additions, too. Of the 40 lakh excluded from the draft, 36 lakh have filed claims and some of them may have proved their citizenship with documents later.  Then there is the possibility of the government reintroducing and passing the Citizenship (Amendment) Bill, having allowed it to lapse earlier this year.  If the Bill does become law, it would greatly reduce the number of individuals excluded from the final NRC.  The final NRC is scheduled on July 31. Those left out will have a series of options for appeal, which is a long haul. Only after that will the question of deportation come up, if at all. What makes deportation so uncertain?  For a country to be able to deport a mass of individuals to another country, the second country has to accept that they were its citizens who entered the first country illegally. C.A Dated On 20-07-2019  According to government data until February 2019, and published in The Indian Express earlier, Assam has since 2013 deported 166 persons (162 “convicted” and four “declared”) including 147 to Bangladesh.  The NRC context is vastly different: this is not about a few hundred but lakhs of individuals, many of whom have lived in Assam for decades and been identifying themselves as Indian citizens.  Over the years, Bangladeshi leaders have frequently been quoted in the media as denying the presence of its nationals in India. If not deportation, then what?  The various points of appeal imply that the process of establishing citizenship or illegal stay in Assam could take years, if not decades.  First, there are the quasi-judicial Foreigners Tribunals, which those left out of the final NRC will approach. If their claim is rejected again, they have the option of approaching the High Court and the Supreme Court.  In between, there is the prospect of being sent to one of the six existing detention camps, or one of the 10 being planned.  These have often come into focus for lack of basic facilities, and the Supreme Court recently allowed conditional release of those who have completed three years in detention, against a bond.  For lakhs of people, what the future holds is uncertain as ever. Only a long court battle is certain, while a stateless identity with curtailed rights is a possibility. Deportation, if it ever happens, appears a long way away. GS-3 C.A Dated On 20-07-2019 Agricultural growth Context India’s dream of becoming a $5-trillion economy by 2024 is now in the open with a ‘blue sky’ vision envisaged in the Economic Survey this year. The document lays down a clear strategy to augment the growth of key sectors by shifting gears as the current economic conditions are smooth in terms of macroeconomic stability to expand growth. However, unless there are adequate investment reforms in primary sectors, steps taken to augment growth in other sectors would be futile. What is needed? According to the Food and Agriculture Organisation (FAO), insufficient investment in the agriculture sector in most developing countries over the past 30 years has resulted in low productivity and stagnant production.  Frst, the wave of investment should touch segments such as agro-processing, and exports, agristartups and agri-tourism, where the potential for job creation and capacity utilisation is far less. Integrating the existing tourism circuit with a relatively new area of agri-tourism (as a hub-andspoke model), where glimpses of farm staff and farm operations are displayed to attract tourists, would help in boosting the investment cycle and generate in-situ employment.  Second, investment needs to be driven to strengthen both public and private extension advisory systems and the quality of agri-education and research through collaboration and convergence.  Third, given that India has the highest livestock population in the world, investment should be made to utilise this surplus by employing next-generation livestock technology with a strong emphasis not only on productivity enhancement but also on conservation of indigenous germplasm, disease surveillance, quality control, waste utilisation and value addition.  This would lead to a sustained increase in farm income and savings with an export-oriented growth model.  Fourth, investment in renewable energy generation (using small wind mill and solar pumps) on fallow farmland and in hilly terrain would help reduce the burden of debt-ridden electricity distribution companies and State governments, besides enabling energy security in rural areas.  Fifth, a farm business organisation is another source of routing private investment to agriculture. C.A Dated On 20-07-2019  Linking these organisations with commodity exchanges would provide agriculture commodities more space on international trading platforms and reduce the burden of markets in a glut season, with certain policy/procedural modifications.  Finally, data is the key driver of modern agriculture which in turn can power artificial intelligence-led agriculture, e-markets, soil mapping and others Conclusion Agriculture and its allied sectors are believed to be one of the most fertile grounds to help achieve the ambitious Sustainable Developmental Goals (SDGs).v An inclusive business model facilitating strong investor-farmer relations should be created, with a legal and institutional framework for governance. Expanding institutions is essential to accommodate the developmental impacts of foreign agricultural investment. Investment in power sector Why in news? One of the key requirements for a $5-trillion economy is an investment of about ₹5 lakh crore in the power transmission sector over the next few years, in order to cater to the 1.8 lakh crore units of electricity that India is likely to consume by 2025, according to a White Paper released by the Confederation of Indian Industry (CII). Current scenario The transmission sector, CII added, had seen a reduction in investments to below ₹1.8 lakh crore in the last five years. The White Paper goes on to enumerate eight action points that the government must work on to enhance the transmission sector in line with the growth of the economy that is envisaged. Need for huge investment? C.A Dated On 20-07-2019  “Traditional coal-fired power plants took 5-6 years to build compared to three to four years for construction of transmission lines required for power evacuation,” the White Paper said. “In comparison, wind or solar plants take 12-18 months to build, implying the need for advance planning of transmission projects.”  “Increasing urbanisation, evolving demographics, expanding renewables and changing market dynamics have placed extraordinary pressure on utilities to solve energy-delivery challenges in an economical manner in the shortest possible time with minimum disruption. RBI committee Why in news? A committee set up to recommend the appropriate economic capital framework for the Reserve Bank of India (RBI) has recommended the transfer of excess capital from the central bank to the government over 3 to 5 years, according to a senior official. It has also recommended the framework should be reviewed periodically. . What is the committee's mandate? The Committee was set up in December last year following discussions between the finance ministry and the RBI about the manner in which the central banks' surplus can be shared with the government. It was expected to submit its report within 90 days of its first meeting; What are the key contentious issues? C.A Dated On 20-07-2019  First and foremost is the issue of transferring past reserves including unrealised gains in gold and currency revaluation accounts.  The other big issue pertains to RBI’s profits. The committee was set up to “review status, need and justification of various provisions, reserves and buffers presently provided for by the RBI; and (to) review global best practices followed by the central banks in making assessment and provisions for risks which central bank balance sheets are subject to.” What is at stake?  According to Section 47 of the RBI Act, profits of the RBI are to be transferred to the government, after making various contingency provisions, public policy mandate of the RBI, including financial stability considerations.  For the year ending June 2018, RBI had total reserves of Rs 9.59 lakh crore, comprising mainly currency and gold revaluation account (Rs 6.91 lakh crore) and contingency fund (Rs 2.32 lakh crore).  Many economists and expert committees have in the past argued that the RBI is holding much higher capital that required to cover all its risks and contingencies.  Former Chief Economic Adviser Arvind Subramanian said in Economic Survey 2016-17 that the RBI is “is already exceptionally highly capitalized” and nearly Rs 4 lakh crore of its capital transfer to the government can be used for recapitalising the banks and/or recapitalising a Public Sector Asset Rehabilitation Agency.  This proposal was opposed by the then RBI Governor Raghuram Rajan Status of vulture in India Why in news? C.A Dated On 20-07-2019 The Union Environment Minister says the population of three species of endangered resident Gyps vultures – white-backed vulture, long-billed vulture and slender-billed vulture is 6,000, 12,000 and 1,000, respectively. There has been a sharp decline in the population of vultures in the country which has come down from 40 million to 19,000 in a span of over three decades, the Environment Ministry told the Parliament on Friday. Surveys being done  The nationwide vulture surveys are being carried out by the Bombay Natural History Society (BNHS) every four years sponsored by the Ministry of Environment and Forest Departments of various States since 1990.  “The surveys are carried out mainly for the three species of critically endangered resident Gyps vultures.  These three species were very common in the country with an estimated population of 40 million in early eighties.  Based on the latest survey carried out in 2015 and the results published in 2017, there were about 6,000 White-backed vultures, 12,000 Long-billed vultures and 1,000 Slender-billed vultures. Causes of mortality  The major cause of mortality of vultures was found to be the veterinary non-steroidal antiinflammatory drug ‘Diclofenac’, given to cattle in pain and inflammation.  Diclofenac was found to be extremely toxic to vultures and causes renal failure. The Government of India banned the veterinary use of the drug in 2006 which was gazetted in 2008, but the misuse of multi-dose vials of human formulation of the drug in treating cattle was still causing mortality in vultures. Steps taken  Eight Vulture Conservation Breeding Centres (VCBCs) were established in various States.  “Four of the centres, Pinjore in Haryana (established in 2004), Rajabhatkhawa (in 2006) in West Bengal, Rani in Assam (in 2009) and Kerwa near Bhopal (established in 2008) are managed by C.A Dated On 20-07-2019 respective State Forest Departments with support from BNHS and the Union Ministry of Environment.  “Four more centres i.e. Junagarh in Gujarat (established in 2006), Nandankanan in Odisha (in 2006), Hyderabad in Telangana (in 2006) and Muta in Ranchi are established in State zoos and are being run by State Forest Departments with support from the Central Zoo Authority (CZA) of the Ministry of Environment and technical support from BNHS.  According to the figures, between 2016 and 2019, the government released a total of ₹12.53 crore for vulture conservation to five States - Punjab, Haryana, Kerala, Uttarakhand and West Bengal.  For protection and conservation of vultures in the country, the government has also upgraded the status of White-backed, Long-billed and Slender-billed vultures from Schedule IV to Schedule I of the Wild Life (Protection) Act, 1972.  To conserve the remnant population of vultures and facilitate their reintroduction into the wild from breeding centres, attempts are being made to create Vulture Safe Zones in the areas where there are vulture populations.  “The area in a radius of 100km around the VCBCs is made secure by community participation by ensuring that there is no use of vulture toxic veterinary NSAIDs, there is enough food and habitat and there is no other threat to vultures.  This is done by a targeted advocacy and awareness programme.  The Ministry said it has also taken initiatives to strengthen mass education and awareness for vulture conservation in the country.

#dailycurrentaffairs #upsc current affairs #daily current affairs 2019

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inder244-blog · 5 years

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Gestational Surrogacy in India

Bringing up children gives you gigantic joy as nothing else can. Be that as it may, there are various couples who battle with the distress of childlessness. The childless couples' grief and distress would now be able to be completely vanished, because of the gestational surrogacy course of action. Get complete information on How Long Does It Take For Surrogacy Gestational surrogacy is a kind of surrogacy which further is a technique for Assisted Reproductive Technologies, which incorporates all ripeness medicines and turned out to be economically accessible without precedent for the late 1970s. The entire strategy of surrogacy could be incredibly costly for the Intended Parents from created nations. These cheerful guardians can look for modest surrogacy game plans in India, where gestational surrogates obstinately approach for doing it for lesser cash. Learn how to transfer embryos through IVF Gestational Surrogacy - an Overview The powerlessness to consider normally drives a few couples to look for gestational surrogacy alternative so as to achieve their longing to have a youngster that is naturally their own. In gestational surrogacy, a surrogate is impregnated with the eggs and sperm from the barren couple, and the surrogate demonstrations just as the bearer for the couple's fetus. The procedure starts with expulsion of the barren spouse's egg by laparoscopy. These eggs are then put in a research facility dish with her better half's sperm to make developing lives. The prepared developing life is then moved into the surrogate's belly through a catheter embedded through the vagina. The gestational surrogate conveys the incipient organism in her belly until birth. After the conveyance, this surrogate mother who is hereditarily inconsequential to the subsequent kid hands over the child to the proposed guardians. India - Surrogacy Capital of the World Surrogacy is a blasting business, developing as a component of Indian medicinal the travel industry. An examination by CII-McKinsey has recently assessed that India's present $333 million medicinal the travel industry could be a hearty $1,110 - 2,220 million constantly 2012. By certain appraisals surrogacy in India is a $445 million-a-year industry. India's gestational surrogacy is very well known with the US, UK and Australian nationals who can't convey their own Pregnancy and Delivery yet at the same time wish to have their own hereditary youngsters. Gestational surrogacy suppliers in metro Indian urban areas including Mumbai, Delhi, Chennai and Calcutta see such couples' sentiments and help them satisfy their fantasy about bringing up a kid who is hereditarily connected to them. Get complete guide on Commercial surrogacy Low expenses of surrogacy plans, simple accessibility of surrogates, experienced fruitfulness pro, well-prepared ripeness facilities, zero holding up time, and no legitimate complexities are the key factors that through and through have made this recently industrialized Asian nation the universal capital of surrogacy. First things that need to remember fertility clinic Cost The expense of gestational surrogacy in India, the world's biggest vote based system, tumbles to a small amount of what is charged in industrialized nations, even subsequent to including ART facility and authority's charges, surrogate stir up, conveyance charges just as egg giver and surrogate's pay. Quality The main Indian clinics are ISO-9000-2001 and JCI certify, giving such quality social insurance offices to surrogacy that are proportional to that being given in First World countries and that too at one-fifth of the expense. India has a bounty of after consideration offices, SPAs, Ayurveda and yoga centers that help patients recuperate and unwind. No Waiting Time Dissimilar to the nations like Australia, Canada, UK and USA and Middle East, arrangement for gestational surrogacy in India is quick. This is on the grounds that India has various facilities that work in gestational surrogacy and the gestational surrogates are effectively accessible in this South Asian nation. Great Laws Another significant factor that makes India an appealing goal for gestational surrogacy is its laws. The less complex and agreeable laws to take the surrogate infant home are pulling in a ton of intrigue. India perceives the planned guardians as the lawful guardians, as opposed to the surrogate mother. Indian Surrogacy Law Center, India's first master free legitimate advisor, fills in as autonomous lawyers for the planned guardians from India and everywhere throughout the world. In its 228th Report on requirement for enactment to direct rights and commitments of surrogacy parties, the Law Commission of India has obviously shown that the birth endorsement of the surrogate youngster ought to contain the name(s) of the planned parent(s) as it were. Since surrogacy understandings are lawfully authoritative in India, outside couples don't need to expect that surrogates will won't surrender youngsters after conveyance. On the off chance that you are in quest for reasonable surrogacy administrations, undertaking gestational surrogacy in India can spare you a generous measure of cash. India gestational surrogacy achievement rate is similar to that announced in Western ART offices. For more information, call at : +91 – 8929020600 Visit Website -www.elawoman.com

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centuryassociates · 5 years

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China’s Ministry of Public Security Issues New Personal Information Protection Guideline

On April 19, 2019, China’s Ministry of Public Security (“MPS”) released the final version of its Guideline for Internet Personal Information Security Protection (互联网个人信息安全保护指南) (the “Guideline”). A previous version of the Guideline was released for public comments on November 30, 2018.

Under China’s Cybersecurity Law (the “CSL”), MPS is the key regulator tasked with protecting cybersecurity and combating cybercrime. Following the issuance of the draft Regulations on Cybersecurity Multi-level Protection Scheme (the “Draft MLPS Regulation”, discussed in our previous post available here) and the Regulation on the Internet Security Supervision and Inspection by Public Security Agencies (also discussed in a previous post, available here) last year, the release of this new Guideline represents the latest efforts made by MPS to implement the CSL.

The stated goal of the Guideline is to “protect cybersecurity and individuals’ legitimate interests” and to “effectively prevent cybercrime involving personal information.” Although not issued as a legally binding administrative regulation, this Guideline sets out the best practices recommended by MPS and will likely serve as an important reference for cybersecurity inspections that will be carried out by the agency and its local counterparts (i.e., local public security bureaus, “PSBs”).

To a large extent, this Guideline overlaps with China’s national standard on personal information protection, GB/T 35273-2017 Information Security Technology – Personal Information Security Specification (the “Standard”), which took effect on May 1, 2018. The Guideline referred to the Standard as its “indispensable” reference, although at this stage, it is unclear how this Guideline will interact with other existing regulations and national standards. Furthermore, this new Guideline provides more prescriptive requirements relating to a company’s cybersecurity infrastructure, both in terms of organizational support and technical measures to be implemented.

This post summarizes key requirements of the Guideline.

Scope of application

The Guideline aims to protect personal information collected by “personal information holder[s],” a term defined as entities or individuals who “control and process personal information” during the information life cycle. The Guideline does not distinguish personal information controller and processor and thus will apply to both types of entities.

The Guideline also specifies that it is designed to give guidance to companies providing services via the Internet, as well as organizations or individuals who control and process personal information using private networks (专网) or other types of offline environments.

Classification, Internal Organization and Technical Measures

The Guideline generally follows the framework established under the Multi-level Protection Scheme, which classifies an information system physically located in China according to its relative impact on national security, social order, and economic interests if the system is damaged or attacked. The classification levels range from one to five, one being the least critical and five being the most critical. To classify an information system, an operator first conducts a self-assessment and then proposes a classification level on this basis to the MPS, which has the discretion to confirm or reject the classification proposed by the operator. Information systems that are classified at level 3 or above are subject to enhanced security requirements.

The Guideline requires personal information holders to implement a wide range of internal policies and processes to protect personal information. These include putting in place organizational controls, including a dedicated group to oversee this process and publish, review and audit these internal policies periodically. It also requires imposing personnel security measures in terms of hiring, screening, and training employees. In addition, the Guideline specifies access control requirements for internal and external personnel, including identity verification, record retention protocols, and so forth.

Personal information holders are also required to adopt technical controls to protect their network infrastructure – such as network segregation, identification and authentication controls, redundancy measures for important network equipment, data backup and recovery measures, security audits, systems and communication security, and computing environmental controls. In particular, the Guideline requires encryption protection for the migration process of cloud computing virtual machines, as well as data collection and transmission via “Internet of Things” devices.

Protection Throughout the Life Cycle of Personal Information

The Guideline sets out detailed requirements on how personal information holders should protect personal information throughout the information life cycle, covering the collection, retention, use, deletion, third-party processing, sharing, transfer and disclosure of personal information.

Consistent with the Standard, the Guideline requires personal information holders to obtain consent before sharing or transferring personal information to third parties – and even to obtain explicit consent before public disclosure of such information. However, both of the Standard and Guideline provide several exceptions to this requirement. Under the Guideline, consent and/or explicit consent may not be required if the sharing, transfer or public disclosure is directly related to:

national security and/or national defense;

public safety, public health or issues of major public interest; or,

criminal investigation, prosecution, and enforcement.

Additionally, the Guideline prohibits personal information holders from the large-scale collection or processing of sensitive personal data relating to race, ethnic origin, political opinion or religious belief. Personal information holders are also prohibited from publically disclosing the following types of personal information:

biometric data;

genetic and health data; and,

analysis generated from data relating to race, ethnic origin, political opinion or religious belief of Chinese citizens.

The Guideline also provides some other requirements that are similar to the Standard, such as data subjects’ right to access, correct and/or delete their data.

Data Storage and Cross-border Transfer of Personal Information

According to the Guideline, personal information generated and collected by personal information holders in China must be stored within China and adhere to specific rules if the cross-border transfer of data is necessary. Under the CSL, only operators of Critical Information Infrastructure (“CII”) are subject to this data localization requirement. It is uncertain whether the Guideline intends to expand the scope of this requirement to all controllers and processors. Also, for personal information stored on cloud platforms, the Guideline specifically requires that such information only be stored within China – otherwise, if cross-border data transfers are needed, specific rules should apply. The Guideline has not yet explained what these “specific rules” entail for cross-border data transfers.

Breach Notification

In line with the Standard, the Guideline requires personal information holders to maintain an incident response plan, undertake regular training and emergency drills, and to notify regulators and affected data subjects of security incidents. Unlike the Standard, the Guideline specifically states that PSBs shall be notified after an incident occurs. The Guideline does not mention a specific timeframe for the notification, only that it must be “timely.” Personal information holders are expected to assist PSBs with investigation and related evidence collection following a breach, as well as to mitigate identified risks.

China’s Ministry of Public Security Issues New Personal Information Protection Guideline posted first on https://centuryassociates.blogspot.com/

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