#MSMEs and the SDGs

[udyam09]

The Crucial Role of Udyam Registration in Advancing Sustainable Development Goals

In a global landscape marked by urgent demanding situations like climate change, social inequity, and environmental degradation, prioritizing sustainable improvement has ended up paramount. India, one of the global's fastest-developing economies, recognizes the importance of aligning its developmental endeavours with the United Nations' Sustainable Development Goals (SDGs). In this context, the function of Udyam Registration, an initiative designed to bolster micro, small, and medium establishments (MSMEs), emerges as a pivotal catalyst in advancing sustainable improvement targets.

Udyam Registration lies at the heart of empowering MSMEs using furnishing them with authentic recognition, streamlining regulatory processes, and granting get right of entry to various government schemes and incentives. Through fostering the MSME boom, Udyam Registration without delay contributes to several SDGs, inclusive of poverty eradication, decent work and economic growth, and industry, innovation, and infrastructure.

Primary amongst Udyam Registration's contributions to sustainable development is its function in fostering economic inclusivity and poverty discount. MSMEs frequently deemed the backbone of the Indian economy, play a pivotal role in producing employment opportunities, particularly in rural and underserved regions. By facilitating MSME formalization and enlargement through Udyam Registration, the initiative aids in poverty remedy by creating livelihoods and boosting profit degrees among marginalized communities.

Moreover, Udyam Registration helps the adoption of sustainable enterprise practices amongst MSMEs, thereby helping environmental sustainability and accountable consumption and manufacturing. Through numerous authority schemes and incentives, registered MSMEs are endorsed to adopt green technologies, power-green approaches, and waste discount measures. By encouraging sustainable manufacturing and consumption, Udyam Registration enables mitigating environmental risks, preserving natural assets, and decreasing carbon footprints, thereby bolstering India's efforts to fight weather exchange and reap environmental sustainability.

Additionally, Udyam Registration plays a pivotal function in advancing gender equality and empowering ladies entrepreneurs. In India, female-owned MSMEs face myriad demanding situations, inclusive of limited entry to finance, markets, and commercial enterprise assistance offerings. However, with the aid of imparting girls entrepreneurs with access to Udyam Registration and associated advantages which include economic assistance, capability building, and marketplace linkages, the initiative aids in narrowing the gender gap in entrepreneurship, fostering women's monetary empowerment, and promoting inclusive boom and improvement.

Furthermore, Udyam Registration fosters innovation and technological advancement amongst MSMEs, aligning with SDG objectives of promoting inclusive and sustainable industrialization. Through projects just like the Startup India Seed Fund Scheme and Technology Upgradation Fund, registered MSMEs are incentivized to invest in studies and improvement, include virtual technologies, and beautify their competitiveness in home and global markets. By cultivating a way of life of innovation and entrepreneurship, Udyam Registration now not handiest propels

monetary increase but also fosters inclusive and sustainable business development, at the end advancing multiple SDGs.

In conclusion, Udyam Registration serves as a mighty device for riding India's development closer to the Sustainable Development Goals. By empowering MSMEs, fostering inclusive boom, promoting sustainable commercial enterprise practices, and fostering innovation, Udyam Registration contributes to an extra equitable, resilient, and sustainable destiny for India. As the country continues its journey towards sustainable improvement, tasks like Udyam Registration will play a more and more vital role in shaping a higher world for gift and destiny generations

Learn more at: https://registrationmsme.com/

[hardynwa]

30 MSMEs, others benefit from Whitefield foundation 20th anniversary support grants

Whitefield Foundation had given booster grants to 30 MSMEs & Educational Support To 20 Undergrads her 20 -year anniversary marked recently in Lagos. The foundation defiled the crunching economy and high inflation to reach out to the beneficiaries help them sustain and grow their businesses. Other beneficiaries to enjoy the 20th anniversary celebration largesse were 20 brilliant undergraduates from various institutions of higher learning. The Foundation would not have been able to achieve the impact and success she recorded so far without the generous support of her partners and sponsors. In compliance to global SDG best practices, Whitefield Foundation has remained focused on access to quality education, promotion of decent work and economic growth, as well as poverty eradication and zero hunger. It has since implemented initiatives that have far-reached and empowered individuals from all the 36 States of Nigeria and the Federal Capital territory; with special attention on women; youths and everything else that enhances their well-being. Through a variety of programme, the foundation has directly impacted over 162,500 individuals and then through other ambassadorial systems indirectly empowered another 320,000 plus people. So many success stories abound as testimonials which includes that of Eunice.S, a 16 year old, out of school teenage pregnant girl-child who was rehabilitated, then sponsored through secondary and university education. She has now bagged a Second Class Upper Division in Education. In 2022, the foundation was able to empower 2,800 small holder farmers (80% women) and victims of flooding with high yielding, disease-resistant seedling to help them rebuild their means of livelihood. The relief intervention was made possible through the partnership of corporate sponsors. The vision of Whitefield Foundation remains to reach 1 million Nigerians with empowerment by the year 2025. They are positive that this is achievable. The foundation believes that Nigeria with a reported population average of 19 years is a country of vibrant youth that needs to be supported especially in education and vocational skills training for entrepreneurship. The Whitefield Foundation is open to partnership and support from well-meaning individuals and corporate organizations to work with her to bring education and empowerment to millions of distressed Nigerians. The narrative that Nigeria is one of the poorest nation on earth is one that should and must be changed and is only possible if we all work together and support organizations like the Whitefield Foundation to eradicate poverty through education and empowerment. This 20th Anniversary Celebration of the Foundation seek to chronicle among others, the impact of the education support initiatives, the flagship program of the Foundation which has so far benefitted over 5,700 students in public schools across Nigeria. Till date, the vocational skills training program of the foundation has directly empowered over 114,000 youth and women in Nigeria with grant awards to over 1,300 business owners. The program has beneficiaries from every state in Nigeria. In Kano State alone, over 2,000 women drawn from all the 44 local government areas in the state benefitted from the program between 2021 and 2022. On the occasion of this 20th anniversary the foundation expresses gratitude to all her donors, sponsors and partners that have contributed immensely to her programs and sustainability. Read the full article

[nehaalmayur]

Micro-, Small and Medium-sized Enterprises Day

June 27th

According to the data provided by the International Council for Small Business (ICSB), formal and informal Micro-, Small and Medium-sized Enterprises (MSMEs) make up over 90% of all firms and account on average for 60-70% of total employment and 50% of GDP.

The General Assembly, recognizing the importance of these enterprises, decided to declare 27 June the Micro-, Small and Medium-sized Enterprises Day to raise public awareness of their contribution to sustainable development.

Micro-, small and medium enterprises, the first responders to societal needs.

These types of enterprises are responsible for significant employment and income generation opportunities across the world and have been identified as a major driver of poverty alleviation and development.

MSMEs tend to employ a larger share of the vulnerable sectors of the workforce, such as women, youth, and people from poorer households.

MSMEs can even sometimes be the only source of employment in rural areas.

As such, MSMEs as a group are the main income provider for the income distribution at the “base of the pyramid”.

MSMEs should be the first responders to societal needs and provide the safety net for inclusiveness.

#msme #MSMEDay #msmesector #MSMENEMYOFTHEPEOPLE #msmedevelopment #SDG2030 #SDGgoals #sdgs #SDGAction #UnitedNations #unitednationsorganization #SDG17 #Planet5050 #nehaalmayur

[biztellersng]

By John Danjuma If elected in 2023, Labour Party would run a government where the rich and the poor would be equitably and fairly represented, the presidential candidate of the party, Mr Peter Obi, has disclosed. A statement from the Obi/Datti campaign office said Obi made the remarks at the weekend during the 95th anniversary celebration of Queen’s College organised by Lagos Old Girls Association. He explained further that his administration will ensure Citizens’ interests will take pre-eminence over political interests so that the existing trust gap between the government and the governed will be reduced to the barest minimum. Read also>>>Crude Oil Theft: Why Peter Obi’s Allegations Against Nigerian Govt May Be True On female representations in his government he said just like when he was governor of Anambra State, his administration achieved close to a 60-40 gender balance in appointive and elective positions his Presidency if elected “intend to progressively aim for between 35-40%, with aggressive gender mainstreaming action plan and rigid benchmarks” According to him, education is central to his government policy thrust saying he will pursue a Marshal plan-type programme on education that incorporates compulsory technical and vocational skills, sports, entrepreneurship, programming, and digital skills from primary to the secondary level. ‘Inevitably, we will improve access to finance, MSMEs, youths and women, to significantly reduce unemployment and insecurity. According to the former Anambra state Governor “We will introduce a mandatory “No Child left Behind” educational policy, mindful that Nigeria’s inadequate investment in the social sectors – health, education, and housing has resulted in the current dismal social and demographic trends reflected in low life expectancy, high maternal mortality rate, large number of out-of- school children, huge unmet housing needs as well high youth unemployment. “Our government shall prioritize education to serve the following functions: technical and industry relevance; alignment with local comparative advantages and factor endowments; modern skills proficiency, critical thinking, ethical citizenship values, global competitiveness, and talent export. His plans also he said will be to “prioritize a structured approach to developing the digital skills of our young population to give them the competitive advantage to receive offshore jobs in the new gig economy, while also improving the efficiency and productivity level of our economy” “The Obi-Datti administration, when elected President of Nigeria, will sustain national development. Our governance principles, priority projects and programmes shall be anchored on the 17 Sustainable Development Goals (SDGs). Obi noted that Experience shows that inclusiveness is an essential element in effective public policy making pointing out that he intends to stop the under representation of critical components of the society in decision making such as women, youth, and the vulnerable in our midsts. According to the LP presidential candidate, if elected, “From its inception, encourage investment in infrastructure, energy, transport, irrigation, and telecoms and education with gender mainstreaming and social inclusion in education, enterprise and politics will always be a priority. Obi also expressed his Commitment to the well being of the Girl Child and Women pointing out that this will be fully reflected in his broad and gender-specific policies. He also plans to reset and reboot Nigeria in all ramifications –leadership and governance, security of life and properties, economic and political freedom and this according to the candidate “will entail the promotion of intangible assets that underpin democracy; namely, good governance, rule of law, security of lives and properties and robust institutions. There will be visible and measurable indices of governance the people can experience.

[sidnazpro2020]

Latest News Today - June 27 Is Micro, Small And Medium Enterprises Day. Read

Latest News Today – June 27 Is Micro, Small And Medium Enterprises Day. Read

June 27 every year is observed as Micro Small and Medium Enterprises Day The United Nations General Assembly (UNGA) during its 74th Plenary session held on April 6, 2017 declared June 27 as Micro, Small and Medium Enterprises or MSME Day, underlining the significance of the sector, especially in achieving the sustainable development goals (SDGs). What are Micro Small and Medium Enterprises? Any…

[mariacallous]

Micro-, small-, and medium-sized enterprises (MSMEs) constitute the backbone of most countries’ economies, representing about 90 percent of businesses and more than 50 percent of employment worldwide. Formal MSMEs contribute up to 40 percent of GDP in emerging economies, making them key to accelerating the achievement of the Sustainable Development Goals (SDGs), especially SDG 1 (no poverty), SDG 5 (gender equality), SDG 8 (decent work and economic growth), and SDG 10 (reduced inequalities). For this reason, the United Nations General Assembly has designated June 27 as MSMEs Day to highlight the contributions of these enterprises. 

Central to the development of a vibrant MSME sector is entrepreneurship because it creates new businesses, which in turn create jobs, enhance competition, introduce innovation, and increase productivity. In the face of the unprecedented global challenges brought on by the COVID-19 pandemic, investing in women and diverse entrepreneurs has become central to inclusive and sustainable recovery and development. As East and South Asia remain the most dynamic regions with growing influence on the world economy, a brief overview of female entrepreneurial activities in these regions, particularly in Bhutan and Vietnam, will help focus attention on promoting needed structural changes in the economy to become more gender friendly. 

[the254hub]

Banks are pivotal in the resilience and recovery of MSMEs from the pandemic, climate, and global conflict shocks

Banks are pivotal in the resilience and recovery of MSMEs from the pandemic, climate, and global conflict shocks

By Elizabeth Wasunna Last month, the world celebrated the 5th anniversary of Micro, Small and Medium-sized Enterprises Day – MSME Day – with a focus on the need to raise awareness of the tremendous contributions of micro, small, and medium-sized enterprises to the achievement of the Sustainable Development Goals (SDGs). This is particularly significant in light of global tectonic shifts such as…

[jlkrealtors]

Micro, Small and Medium-sized Enterprises (MSMEs) Day is celebrated every year on June 27 to recognise the contribution of these industries in the implementation of the Sustainable Development Goals (SDGs).

[loanonbankguarantee]

The Importance of Supporting MSMEs

The Importance of Supporting MSMEs MSMEs stand for micro, small, and medium enterprises, and because more than half the businesses in the world come under these micro, small and medium enterprises, they play a significant role in many economies. According to the World Bank, they account for 90% of businesses, therefore making them the sole job generators which covers 50% of the world’s employment. Amidst these obvious numbers, there are several other reasons that make it important to support MSMEs. Let’s have a look at some of them.

Job Creation

50% of employment is produced and given out thanks to the job supply created by SMEs majorly. Job creation is one of the most essential factors of new businesses because they produce newer talents, roles, and requirements across different industries. As industries change and grow, job creation finds newer trajectories. For example, the pandemic created more digitally adaptable roles in many organizations that didn’t focus on those roles before. Therefore, to foster more job growth, MSMEs need maximum support.

Economy Building

One of the results of massive job creation is the consequent development of the economy. When the pandemic hit, many sectors went under and many people lost their jobs too. But MSMEs found the agility required in these circumstances and adapted to the changing circumstances of remote working and work from home necessities. Therefore, they played a huge role in maintaining the economies of various countries that struggled during covid. MSMEs have always played an integral role in economic building. Since they comprise 90% of businesses in total, this reason is self-explanatory. It is important for any economy to support its MSMEs because they are one of the sole generators.

Poverty Reduction

Many financial institutions, national governments, and development banks are increasingly giving their support out to MSMEs because they are achieving the United Nations’ Sustainable Development Goals. Since MSMEs play such an important role in economic growth, they directly benefit the poor and vulnerable, especially women and youth. They reduce poverty by regularly generating income and have a huge positive impact on financially backward families. MSMEs, therefore lead to these households investing in education and health, everything fulfilling many SDGs. It’s becoming more important to support MSMEs everyday!

Innovation and Development

MSMEs often are the first ones to propel the transformation of technical innovations into demand-driven development solutions in most demographics. There is a strong equation between MSMEs and the generation of science, technology and innovations. Many scientific and technical innovations come from MSME entrepreneurs in most developing countries. MSME entrepreneurs have a lot of in-depth knowledge of the demands of local communities. Therefore, they have the ability to transform scientific and technical innovations into development solutions that can be replicated and increased. MSMEs are not only beacons of innovation, they also facilitate its expansion.

Therefore, supporting MSMEs is only in the best interest of all sections of society. They propel development, innovation, sustainable goals, income generation, and various other capitalization factors. That’s why most governments, institutions and banks are investing in the betterment of MSMEs, because they have a beacon of potential. Support MSMEs in your own ways, starting today!

[newscheckz]

Three Entrepreneurs in Botswana, Zambia, and Malawi Win Prestigious SEED Award

New Post has been published on https://newscheckz.com/three-entrepreneurs-in-botswana-zambia-and-malawi-win-prestigious-seed-award/

Three Entrepreneurs in Botswana, Zambia, and Malawi Win Prestigious SEED Award

Winners of the SEED Awards will be awarded matching grants of between EUR 10,000 – 15,000.

A Botswanan company which trains farmers to use bees to stop elephants destroying their farms, a Zambian business which promotes sustainable bee-farming, and a Malawian start-up which turns leftovers into cooking gas have won the SEED Awards for Climate Adaptation (SEED Awards) (www.SEED.uno).

SEED was founded as part of a global partnership between the United Nations Environment Programme (UNEP), the United Nations Development Programme (UNDP) and the International Union for Conservation of Nature (IUCN).

In Botswana, local entrepreneur Mavis Nduchwa founded Kalahari Honey to restore the balance between humans, wildlife, and the environment.

The company gives farmers beehives and trains them to create a live fence of bees around their farms to deter local elephant populations.

Not only does this reduce conflict between humans and wildlife, it gives farmers an added income as they can sell their bee products back to Kalahari Honey, which markets to customers globally.

It also increases pollination through the propagation of bee colonies and the introduction of more indigenous, drought-resistant plant species reverses the ongoing desertification.

The company currently works with 500 rural farmers, but under SEED’s expert provision it aims to work with an additional 1,500 farmers over the next year and expand the capacity of its processing factory.

In Zambia, entrepreneur Harry Malichi set up Wuchi Wami to train farmers in sustainable beekeeping.

The company packages, brands, markets and distributes local raw and organic honey from its registered cooperative made up of 2,500 farmers.

It uses modern beehives made from easy-to-plant pine, rather than the local miombo trees, which are destroyed in traditional beehive production.

This type of beekeeping is less labour-intensive, enabling women, youths and orphans to farm honey.

Deforestation is further reduced by providing an alternative income source for women and men engaged in charcoal burning.

Under SEED’s guidance, the enterprise plans to increase the number of smallholder farmers in its cooperative to 10,000 in the coming year.

EcoGen, founded by Clement Kandodo in Malawi in 2019, provides advanced bio-waste bins and biodigesters for households to recycle their leftover food and agricultural waste, turning it into biogas for cooking and organic fertilizer.

The provision of renewable cooking gas, especially to rural customers relying on wood fuel, takes the pressure off local forest resources. Organic fertilizer increases yields and incomes of smallholder farmers, enhancing their climate resilience.

SEED will help EcoGen scale its services to provide 4,000 households and institutions with access to renewable biogas energy by 2023.

Yves Wantens, General Representative of the Government of Flanders in the United States commented: “When it comes to the impacts of climate change, countries like Malawi, Zambia and Botswana are on the front line.

They are the ones who will feel the effects of a rise in global temperature most acutely.

That is why we are so proud to support the SEED Awards, which recognize and scale the impact of eco-inclusive enterprises across these local communities.

As we emerge from the COVID-19 pandemic, MSMEs are at the forefront of enabling green recovery and delivering on SDGs, for the good of the wider community and the planet.” The Government of Flanders is the primary sponsor of the SEED Climate Adaptation Awards.

The SEED Awards ceremony, taking place today at the UN’s High-level Political Forum on Sustainable Development (HLPF), will also see SEED present its ‘Green Recovery Snapshot’ (https://bit.ly/3hCJSDP) findings, which calls on governments, donors, and financial providers to increase targeted support for MSMEs as they stimulate economic growth in a post-COVID world.

MSMEs are responsible for creating seven out of ten jobs across emerging markets, and green and social MSMEs deliver environmental and social impact through their activities, products, and services, making them essential actors in achieving a green recovery.

Winners of the SEED Awards will be awarded matching grants of between EUR 10,000 – 15,000 and will receive tailored one-to-one advisory services for up to a year to scale their operations, as part of the renowned SEED Accelerator (https://bit.ly/3AVM4xM) programme.

In line with the principle of ‘awarding the best and moving the rest’, 39 runners-up will also be supported through the SEED Catalyzer (https://bit.ly/3hABXXt) programme, to refine their business models and optimize their impacts while advancing their investment readiness.

SEED’s Director of Operations, Rainer Agster, added: “The calibre of SEED Award entries this year was outstanding, and we extend our congratulations to all nine winners and 39 runners-up.

We hope the enterprises identified and promoted by the SEED Awards will be a source of inspiration for aspiring entrepreneurs across emerging economies. Through the SEED Awards, we will support 48 enterprises in 2021, and through our other programmes, several hundreds more.

For each of those, however, there are thousands more eco-inclusive enterprises furthering SDGs which can be amplified with the right support.

Therefore, we strongly encourage policy makers and financial actors to take a closer look at these eco-inclusive businesses and start or scale support programmes for them.”

Of the 2021 SEED Awards cohort, 69 per cent of enterprise leaders are 18-35 years-old and 52 per cent are female-led enterprises.

Since their inception in 2005, the SEED Awards have awarded 311 enterprises in 40 countries and have facilitated the disbursement of over EUR 1 million in grants.

Each individual SEED enterprise has saved an average of 7,300 tonnes of CO2, generated more than 9,399 kWh of renewable energy, and created 28.4 jobs, out of which 32 per cent are offered to people at the Bottom of the Pyramid (BoP).

For more information on the winners and runners-up, please visit the SEED website (https://bit.ly/3xBgrY8).

[marwahstudios]

Sandeep Marwah Motivated Members of WASME on International MSME Day

New Delhi: “We are happy that our honourable Prime Minister has given a very strong and powerful word to all of us- ATMANIRBHAR- on the face of it means self-reliant and self-sufficient but the real meaning is hidden between the letters-Ambitious for new business, Tough to face all unforeseen circumstances, now you need to be Techno- Savvy too, develop self-Motivation , change your Attitude, be Nationalist, gather Information related to your business, Research before you jump for investment, Believe in yourself and be confident, be Human , polite and compassionate, be Aggressive and do not leave any opportunity and be Result oriented,” explained Dr. Sandeep Marwah President of Marwah Studios while talking on MSME in India on International MSME Day in a program organised by WASME online.

Dr. Sanjeev Layek of World Association of Small Medium Enterprises invited large number of experts to speak on the current situation of Micro Small and Medium Enterprises in different parts of the World.

“Large part of Indian Economy and 30 percent of total overall employment comes from MSME. India is home to 63 million MSME contributing to great part of GDP. Pandemic has disturbed badly the current position of these entrepreneurs and very slowly the situation is coming back to normal. There are ample road locks and challenges when it comes to credit accessibility of these business houses,” added Dr. Marwah recently nominated Global Ambassador of NITI Aayog SDG Choupal while talking to the large international audience.

H.E. Dr. Kheswar Jankee Ambassador Mauritius to Russia, S.M. Zillur Rahman President WASME Bangladesh Chairman & CEO Rahman Group, Sampa Banerjee Executive Director Saadia Lakehal PDG & Fondatrice Emporia Industries Connect Canada also spoke on the day.

Sushil Agarwal Chairman AVON India Limited, Chandrima Chaterjee Policy Practitioner and Advocacy Expert on Trade and Competitiveness, Probir Roy Serial Entrepreneur, Arundhati Mukerjee CMO on Demand, Sarita Chauhan Director Farsghter Network and Anshu Anand expressed their views.

[salam2050]

June 27 Is Micro, Small And Medium Enterprises Day. Read On To Know More

June 27 Is Micro, Small And Medium Enterprises Day. Read On To Know More

June 27 every year is observed as Micro Small and Medium Enterprises Day The United Nations General Assembly (UNGA) during its 74th Plenary session held on April 6, 2017 declared June 27 as Micro, Small and Medium Enterprises or MSME Day, underlining the significance of the sector, especially in achieving the sustainable development goals (SDGs). What are Micro Small and Medium Enterprises? Any…

[hummingzone]

June 27 Is Micro, Small And Medium Enterprises Day. Read On To Know More

June 27 Is Micro, Small And Medium Enterprises Day. Read On To Know More

June 27 every year is observed as Micro Small and Medium Enterprises Day The United Nations General Assembly (UNGA) during its 74th Plenary session held on April 6, 2017 declared June 27 as Micro, Small and Medium Enterprises or MSME Day, underlining the significance of the sector, especially in achieving the sustainable development goals (SDGs). What are Micro Small and Medium Enterprises? Any…

[techiecynews]

June 27 Is Micro, Small And Medium Enterprises Day. Read On To Know More

June 27 Is Micro, Small And Medium Enterprises Day. Read On To Know More

June 27 every year is observed as Micro Small and Medium Enterprises Day The United Nations General Assembly (UNGA) during its 74th Plenary session held on April 6, 2017 declared June 27 as Micro, Small and Medium Enterprises or MSME Day, underlining the significance of the sector, especially in achieving the sustainable development goals (SDGs). What are Micro Small and Medium Enterprises? Any…

[studywithds]

21-02-2020 | Current Affairs

We provide you with the latest news updates and daily current affairs from The Hindu. Indian Express, Live Mint, PIB, Etc,… #studywithDs #UPSC #SSC #RAILWAYS #CurrentAffairs #DailyCurrentAffairs #DEEPIKASINGAMSETTY #DEEPIKA #GOVTEXAMCURRENTAFFAIR 1. 21 February: International Mother Language Day 2. 20 February: World Day of Social Justice 3. Theme: Closing the Inequalities Gap to Achieve Social Justice 4. Cabinet Approves Phase 2 Of Swachh Bharat Mission Grameen 5. Union Cabinet Approves Constitution Of 22nd Law Commission Of India 6. Govt To Launch Tilhan Mission To Boost Oilseed Production 7. Mahant Nritya Gopal Das Elected As President Of Ram Mandir Trust 8. Cabinet Approves Constitution Of Empowered Technology Group 9. FC Goa Become 1st-Ever Indian Club To Reach AFC Champions League Group Stage 10. Kamal Kishore Appointed Member Of National Disaster Management Authority 11. Krishna Vatsa Appointed Member Of National Disaster Management Authority 12. Rajendra Singh Appointed Member Of National Disaster Management Authority 13. Syed Ata Hasnain Appointed Member Of National Disaster Management Authority 14. 1st Meeting Of The Ram Janmabhoomi Teertha Kshetra Trust Held In New Delhi 15. Kiran Mazumdar-Shaw Wins EY Entrepreneur Of The Year Award For 2019 16. Economist Intelligence Unit Released Worldwide Educating For The Future Index 2019 17. Finland Tops In Worldwide Educating For The Future Index 2019 18. Sweden Ranks 2nd In Worldwide Educating For The Future Index 2019 19. New Zealand Ranks 3rd In Worldwide Educating For The Future Index 2019 20. India Ranks 35th In Worldwide Educating For The Future Index 2019 21. Smartphone Brand iQOO Appoints Virat Kohli As Brand Ambassador 22. Japan's Kento Momota Topped Latest Men's Singles BWF Rankings 23. Sai Praneeth Ranks 10th In Latest Men's Singles BWF Rankings 24. Kadambi Srikanth Ranks 12th In Latest Men's Singles BWF Rankings 25. P Kashyap Ranks 25th In Latest Men's Singles BWF Rankings 26. Lakshya Sen Ranks 28th In Latest Men's Singles BWF Rankings 27. UP Allocated Rs.2,000 Crore For The Noida International Airport 28. Former FICCI President V L Dutt Passed Away 29. NITI Aayog To Organize SDG Conclave 2020 In Assam 30. India - Myanmar Signed MoU For Bus Services From Mandalay-Imphal 31. Tibor Became Assams 1st Zero-Waste Town 32. Gujarat Govt Signs MoU With SBI To Facilitate MSME Loans 33. Sanjay Kothari Selected As The New Central Vigilance Commissioner 34. Umar Akmal Suspended by PCB Under Its Anti-Corruption Code 35. GoI To Set Up Central Consumer Protection Authority 36. Kashmir Journalist Ahmer Khan Wins AFP's Kate Webb Prize 37. Maharashtra Govt To Give Free Spectacles to Schoolkids. Read the full article

[webuyofficial]

How 500 Mn Small And Medium Industries Prosper in the Future Economy

According to the 2016 ILO Report, 2.8 billion individuals were employed by the private sector, which represents 87% of total employment, with the remaining 13% in non-market services. Although private enterprises’ share of employment differs across countries, a strong private sector is a foundation for growth, job creation, and poverty reduction.

It is universally recognized in the United Nations 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs), which explicitly refer to the role of entrepreneurship and the formalization and growth of micro, small, and medium-sized enterprises (MSMEs) in achieving the goal of decent work and economic growth.

The ILO “World Employment and Social Outlook 2017 Report” shows that a range of country-specific factors, such as, labor market institutions, historical patterns of organization, access to trade and global supply chains, market size and financing availability, affect firm growth and, in some instances, explain the persistence of informality — which can have widespread, negative consequences for businesses, workers and society.

The 500 million small and medium-sized enterprises (SMEs), representing around 95% of all businesses around the world, are integral to global supply chains. SMEs, that are proactively addressing sustainability issues and transparency, are in a better position to gain access to new value chains and improve their business. In addition, given their dominant share of the global economy, responsible business conduct among SMEs is essential to a sustainable future.

SMEs and Sustainable Future

A global dialogue for SMEs is seen as the most efficient and effective way to involve SMEs in the responsible business movement. Given their collective reach and dominant role in the global economy, SME adoption of responsible business practices is essential for a thriving global community that lifts humanity and enhances the resources on which all life depends.

WeBuy is creating a completely new experience for buyer and seller communication. The platform allows sellers to communicate with interested buyers through paid outreach plans. Buyers, not only get their services or products in need catered but also receive a share of the outreach fee paid by the seller.

This model creates a sustainable loop that would allow the buyers and sellers to continue to grow in a win-win ecosystem. In addition, buyers can contribute to the ecosystem through the referral network. The platform allows buyers to introduce new sellers.

WeBuy and New Value Chains

WeBuy takes on the monopoly of the advertising giants and gives the power and money back to the buyer. As a result, WeBuy is enabling SMEs to promote their products and services to those interested, quickly, simply, and at minimum cost.

The capacity of SMEs to generate job growth, relative to large firms, increases with income per capita. In developing economies, the rate of job creation among SMEs is similar to that for large firms, but in emerging and developed economies, employment growth is higher among SMEs than large firms (although the premium relative to large firms is considerably lower in emerging economies than that in developed economies).

This may reflect the fact that many SMEs in developing economies, and to a lesser extent in emerging economies, are entrepreneurs out of necessity, whose primary focus is to survive and not necessarily to expand.

In the WeBuy platform, created and owned by buyers, buyers are able to recruit sellers on WeBuy in order to establish their very own Buyer Referral Network (BRN).

With the BRNs, innovation is encouraged, which is a crucial source of competitiveness for enterprises, as well as a key driver of sustained growth and development.

Overall, innovation leads to better labor opportunities, as expanded trade stimulates employment growth by providing SMEs opportunities to enhance their competitiveness, to export to foreign markets and to make use of the best available production inputs through importing.

WeBuy Assures Transparency and Sustainable Growth

WeBuy will be completely transparent and will operate autonomously with no entity controlling it. Its data and records of operation will be cryptographically stored on a public, decentralized blockchain.

WeBuy will generate tokens, set criteria, and distribute utility tokens from day 1.

WeBuy will adapt its protocol in response to proposed improvements and market feedback based on a majority consensus of all WeBuy users.

Support your local SMEs. Support empowerment of 500M SMEs through WeBuy!

The WBY token will fuel the rapidly increasing volumes of online-to-offline commerce.

Join Production-Oriented Token Sale (POTS)

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