dnote-xpress,issue17,august-2015.pdf

Issue: #17 | August 2015

YOUNG INDIAWHERE THE MIND IS WITHOUT

FEAR

In this issue:

CSR Mandate: Key to India's

Inclusive Growth

The Development Agenda Emerging India, Young Talent Fiinobservation of National Days

www.inovaon.co.inwww.inovaon.co.inwww.inovaon.co.in

CEOs DESKFrom The

On the 69th year of independence, I would like to wish each and every cizen of India a very happy

Independence Day. Indeed, 15th August is the occasion which is valued the most among all the

fesvals celebrated throughout the year. With so many religions, languages, tradions and

geographical variance it is the feeling of patriosm that unite us. In close to seven decades of

independence, we have proved that 'unity in diversity' is possible. This day in history is a me to

remember the sacrice of our freedom ghters and celebrate the achievements of our

contemporaries, who have selessly indulged in building the India which the creators of an

independent India once dreamed of.

The biggest asset of this country are its cizens who me and me again have provided many

glories to rejoice upon. We have le our mark in the elds of science, sports, arts, business and

literature. We have progressed in every sector from agriculture to rocket science. Today, we are

one of the fastest growing economy in the world and with the increasing number of entrepreneurs

and technological advancements, our future surely looks to be bright. But, we sll have a long way

to go in recapturing the past glory of an India when it was once referred as the 'Golden Bird'.

While we bask in this spirit, we must also remember that the best way to celebrate freedom is by

becoming a responsible cizen. This can only be achieved when we lend our eorts to upli the

marginalised communies and ensure that they are given equal opportunies to live and grow.

We must come together to create a naon that is bere of poverty, indierence and inequality.

We then would achieve freedom in the truest sense.

Mr. Soumitro Chakraborty

CEO, Fiinovation (Innovative Financial Advisors Pvt. Ltd.)

CSR MANDATEKEY TO INDIA'S INCLUSIVE GROWTH

Today, India stands on the brink of a stupendous demographic dividend. It

is indicave of a huge base of human capital which if used judiciously, can

reap long term benets. Foresightedly, the increase in investments in

educaon, health, skill development and environment is expected to

enhance the exisng societal infrastructure. This is also given a boost by

the fact that India has mandated Corporate Social Responsibility (CSR),

which will ensure improvement in societal development and upliment

of marginalised and weaker secons of the society, working in tandem

with other developments and bringing about a holisc growth of the

naon.

During its introductory year, a few corporaons planned and pooled in the

required amount of funds for the chosen intervenon, enlisted in

Schedule VII of the Act. The ones who were under-spending were seen

pung their eorts towards expansion of their expenditure manifold,

either by more investments in their exisng projects, or by exploring new

avenues of intervenon. Rest which were already praccing CSR prior to

the introducon of law, were consolidang their performance. Thus, the

law facilitated measurement of societal performance to analyze and re-

frame CSR spending by a corporaon if needed.

Today, in order to bring a greater impact on ground, the corporate leaders

are designing and aligning their organizaon's CSR iniaves with the

other corporaon's CSR vision. Alongside, the corporaons are moving

beyond relegang CSR as a check-mark acvity. Running in its second year,

the law has prompted the corporaons in bringing out most impact within

the allocated budget. Mostly the corporaons retain an acvity and pool

their funds in the following years, thus bringing a sustainable impact and

substanal brand recall on ground.

It has only been a year since the new CSR law was enforced, therefore, it

will take a few years for the corporaons to contemplate the impact of

their CSR acvies directed towards naon building.

-Aditi Singh

THE DEVELOPMENT

AGENDALivelihood, Environment, Health & Education

India, the third largest economy, gathered

momentum in JanuaryMarch 2015 touching

the 7.5% mark. Nevertheless, ambiguity

lingers in relaon to the economy's essenal

momentum and high-frequency indicators

paint a gloomy picture of the economy.

Fiinovaon reviews the development agenda

of the four crucial sectors of the economy and

how they fare.

LIVELIHOODDespite the government's focus on industrialisaon, agriculture remains an overriding sector of the Indian economy, both in

terms of contribuon to gross domesc product (GDP) as well as a source of employment to millions of Indians. Over 70 per

cent of the rural households depend on agriculture as their principal means of livelihood. Agriculture, along with sheries and

forestry, accounts for one-third of the naon's GDP and is its single largest contributor.

How is the sector faring?

The total producon in FY14 stands at 263.20 million tonnes of foodgrains.

The GDP of agriculture and allied sectors in FY14 was US$ 156.1 billion.

The growth rate in FY14 was 3.6 per cent.

Agriculture is the primary source of livelihood for about 58 per cent of India's populaon.

Agricultural exports constute a h of the total exports of the country.

With an annual output of 130 MT, India is the largest producer of milk in the world.

Progress in the Sector

As per Department of Industrial Policy and Promoon (DIPP), the Indian agriculture aracted foreign direct investment

(FDI) equity inows of US$ 2.15 billion in the period April 2000-December 2014.

ADAMA Agrochemicals, Israel based world's seventh largest agrochemicals rm plans to invest at least US$ 50 million in

India. Israel has been helping farmers mulply their income with beer pracces, yields and choosing the right crops or

vegetables.

Ministry of Agriculture have entered into MOUs/Agreements with 63 countries including USA.

Canada is eager to associate with India in the agriculture and processing sectors, predominantly in pulses and canola.

The Government of India has planned to invest US$ 8.02 billion to revive four ferlizer plants and set up two new plants to

produce farm nutrients.

The Naonal Dairy Development Board (NDDB) has announced 42 dairy projects with a nancial outlay of US$ 35.47

million in order to boost milk output in the country and increase per animal producon of milk.

ENVIRONMENTPolluon. Deforestaon. Wildlife exncon. The aspiraons of 1.27 billion people. These are some of the decisive concerns that

India grapples with every day. However, as India's populaon (will surpass China in 7 years) and economy connue to grow, the

call for nding sustainable soluons becomes more vital every day.


Over 160,000 metric tons (MT) of municipal solid waste is generated daily.

Of the 5,871 sq km increase in the forest cover of India, West Bengal accounts for nearly 64 per cent of this rise.

20 most polluted cies of the world shows that 13 of those cies are in India.

Globally, India connues to be the country with the highest number of people (597 million people) pracsing open

defecaon.

Number of rivers dened as 'polluted' in India has risen from 121 to 275 in the last ve years, with increased levels of

sewage a primary cause.

Per capita CO2 emission in India is 1.8 tonnes, far below of OECD (10.61 tonnes) and world average (4.39 tonnes).


India aims to have 33% tree cover through agro-forestry adding 30 million hectares of forest land.

The government plans to plant 200 crore trees along the enre 1 lakh km Naonal Highways network across the country to

employ jobless youth.

The Namami Gange programme is expected to rejuvenate the river Ganga with inclusion of all tributaries under one

umbrella at a total cost of Rs. 20,000 crore for 5 years.

Plan of generang 100,000 Mw of solar power in India would need investment to the tune of around $110 billion.

The government has a target to make India Open Defecaon Free by 2019.

The Union Cabinet cleared plans to spend nearly Rs 1 lakh crore in ve years on 100 smart cies, and 500 cies and towns

under AMRUT.

HEALTH


During 2008-20, the healthcare sector is expected to record a CAGR of 17 per cent accounng to US$ 160 billion by

2017 and US$ 280 billion by 2020.

The inow of medical tourists is expected to cross 320 million by 2015.

As per DIPP, the hospital and diagnosc centres aracted foreign direct investment (FDI) worth US$3.0 billion between

April 2000-March 2015.

Only 3% of specialist physicians cater to rural demand while 70% of India lives in rural areas.

India requires 600,000 to 700,000 addional beds over the next ve to six years, which potenally has an opportunity

of more than US$ 25-30 billion.

Government's expenditure on tobacco control stands at Rs 35.2 crore whereas earnings from taxaon were Rs 24,315

crore.

Both in terms of revenue and employment, healthcare is one of the largest sectors in India which comprises of hospitals,

medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment. The

sector is growing at an incredible rate due to its escalaon in coverage, services and increasing expenditure by public as well

private players.


India's universal health plan that aims to oer guaranteed benets to a sixth of the world's populaon will cost an

esmated US$ 25.73 billion over the next four years.

Mylan Inc has signed a deal to acquire the female health care businesses of Famy Care Ltd, a specialty women's health care

company, for US$ 750 million in cash and addional conngent payments of up to US$ 50 million.

In 2014, $29.6 billion was reportedly invested in healthcare by private equity funds.

The medical tourism market in India is projected to hit $3.9 billion mark this year having grown at a compounded annual

growth rate of 27 per cent over the last three years.

The biggest recipients of investment through aid programmes of rich naons have been the large commercial hospital

chains in India.

India spends about 1 percent of its gross domesc product (GDP) on public health, compared to 3 percent in China and 8.3

percent in the United States.

EDUCATIONEducaon sector has seen a paradigm shi in the last two decades, aracng a lot of philanthropic acvies. Along with the

focus on universal educaon the higher educaon system in India has witnessed remarkable growth in the past few years.


In Budget 2015, the Government of India allocated US$ 23.6 billion for the educaon sector of which US$ 4.7 billion has

been allocated for Sarva Siksha Abhiyan.

India has more than 1.4 million schools and the number of instutes oering higher educaon in India is 44,668.

India's online educaon market size is expected to touch US$ 40 billion by 2017.

India has one of the lowest higher educaon enrollment rao of 11 per cent.

India spends only 3.3 percent of its GDP on educaon, compared to an average 5.8 percent in developed countries.

The Indian educaon market is esmated to be worth whopping Rs.5.9 trillion in 2014-15 against Rs.3.33 trillion in 2011-12.


100 'Deen Dayal Upadhyay Centres for Knowledge Acquision and Upgradaon of Skilled Human Abilies and Livelihood'

(KAUSHAL) to be set up to encourage skill development among youth.

19 New Higher Educaonal Instuons including 5 IITs and 6 IIMs will be established across India.

The UGC has launched a Special Scholarship Scheme for students of North East Region, Ishan Uday from the academic

session 2014-15.

Foreign Educaonal Instuons Bill to be revived, which allows foreign universies to set up campuses in India.

81% companies consider educaon as the core area for CSR acvies in India.

The newly announced Scheme of the Government of India Be Bachao, Be Padhao for which Rs 5 crore has been made

available for strengthening girls' educaon in 100 specied districts on the basis of Child Sex Rao.

This talented young boy from Assam made his rst car at the age

of 14. Bikal abandoned his educaon due to nancial problems

of his family, but this did not stop him from pursuing his love for

machines. With his sheer passion and hard work Bikal was able

to make a car in just Rs.40,000. Presently at the age of 20, this

self-taught engineer earns money by repairing T.V, cars, phone

etc. and nances his projects.

Bikal Rai

Ankit Jaswal

Born on 23rd April, 1993 Ankit is considered a medical genius in

India and the world. Performing his rst surgery at the age of

seven. Aer At the age of eleven he aended Punjab University

making him the youngest student to do so in the country. His life

ambion is to nd a cure for cancer.

Shravan Kumaran and Sanjay Kumaran

These two young boys are perhaps the youngest entrepreneurs

of India. Sharavan and Sanjay, presently aged 16 and 14

respecvely, started GoDimensions an app development unit in

the year 2011. Over the years, they have developed many apps

which have received more than 35000 downloads. Apps made

by them are available on both Google Play Store and Apple App

Store.

Farrhad Acidwalla

He started an aviaon website at the age of 12 which became

very successful. Then he sold the website and with the returns

of it started a company called Rockstah Media. Farrhad has

been a TEDx speaker as one of the world's youngest

entrepreneur.

Mukund BS

This young entrepreneur established Sriram Eco Raksha

Computer Pvt Ltd in the year 2009 to deal with the increasing E-

waste in the country. He also co-founded ReNew IT in 2009 to

make computer aordable for all, so far the company has

provided over 10,000 high quality economical computers to

students, NGOs and small scale businesses.

EMERGING

YOUNG TALENT

,

Popularly known as "Master Kishan", he directed his rst lm at

the age of nine and won a Naonal Film Award for it. Presently

at the age of 19, Krishan has won many naonal and

internaonal lm awards and has brought laurels to the

country.

Kishan Shrikanth

At the age of eight, she started playing violin and within a year

she was on internaonal tours displaying her music skills. She is

widely considered as the prodigy violinist of this generaon.

Krishna holds the Guinness World Record for her unique 32-

hour-long Non-Stop Carnac Violin Solo Concert.

An all rounder, Charu Sharma has won 5 Naonal Awards in

dierent categories, has completed expedions in all 7

connents. Not only this, an enre chapter has been dedicated

to her feats which can be read in 9th and 10th grade books. As a

performer, she has been part of over 600 stage shows.

Krushnaa Patil

In 2009, Krushnaa became the youngest Indian woman to climb

Mount Everest, achieving the feat at the tender age of 19. She is

now on a quest to become the rst Indian woman to scale the

Seven Summits, the highest peaks of the seven connents.

Suhas Gopinath

At the age of 14, he made his rst website all by himself. He was

proclaimed as the world's youngest CEO, aer he founded a

mulnaonal IT company called Global INC. In 2007, Suhas

received the "Young Achiever Award" by European Parliament,

Brussels and Internaonal Associaon for Human Values.

Shubham, the son of a milkman and belonging to a rural village

of Haryana is the current Junior World Golf Champion. A self-

taught golfer who learnt the game through YouTube videos,

Shubham won more than 100 naonal and internaonal

tournaments at a the young age of 11.

Shubham Jaglan

Aathira Krishna Charu Sharma

TWEETS OF

THE MONTH

Shekha

r

Kapur@

shekha

rkapur

A day

of intr

ospec

on. On

my res

ponsib

ilies

to

India.

Free fr

om the

Bris

h

but ye

t not fr

ee of h

unger

povert

y and

injusc

e.

Make in In

dia@make

inindia

India's #re

newableen

ergy secto

r to

aract USD

81.44 bn

investmen

ts

by 2022'

Azmi Shabana@AzmiShabana More than 3 lakh children in India die frm vaccine preventable diseases every year. This #IndependenceDay give Indias children a #shot4life

FOOD FOR THOUGHTIndia is rightly called the Land of Spices. No country in the world produces as many variees of spices as India.

There is only one doctor per 1,700 cizens in India; the World Health Organizaon spulates a minimum rao of 1:1,000.

As announced by the World Economic Forum, January 2015, water crisis is the number one global risk based on impact to society (as a

measure of devastaon), and the number eight global risk based on likelihood (of occurring within 10 years).

In India, educaon has been made free for children from 6 to 14 years of age (up to Class 8), under the Right of Children to Free and

Compulsory Educaon Act 2009.

Since 2001, the government's agship elementary educaon program, the Sarva Shiksha Abhiyan, has helped to bring some 20 million

children into school; most of them are rst-generaon learners.

HEAR THE INFLUENCERS SPEAK"Literacy in itself is no educaon. Literacy is not the end of educaon or even the beginning. By educaon I mean an all-round drawing

out of the best in the child and man-body, mind and spirit."

-Mahatma Gandhi

"India is a Hindu-majority naon, but it had Abdul Kalam, a Muslim, as its president and Manmohan Singh as prime minister. "India is an

example for the world."

-Canadian Defence Minister Jason Kenney

India is not, as people keep calling it, an underdeveloped country, but rather, in the context of its history and cultural heritage, a highly

developed one in an advanced state of decay.

-Shashi Tharoor

"India is a complex country of 1.3 billion people, 122 languages, 1600 dialects and 7 religions. Its strength lies in its unique capacity to

blend apparent contradicons into posive armaons."

-Pranab Mukherjee

"It is a great honour for me to consider India my spiritual home and like a messenger I have tried to promote the key Indian principles of

ahimsa (non-violence) and karuna (compassion) wherever I go."

-Dalai Lama

Sushma

Swaraj@

SushmaS

waraj

Women w

orkers w

ill be recr

uited

for overs

eas emplo

yment on

ly

through

State Gov

ernments

agencies.

No more

exploita

on of Ind

ian

women.

Harsh Goenka@hvgoenkaIn Microso, HCL & Google we now have Satyam, Shivam and Sundaram!!!

Satya Nadella. Shiv Nadar. Sundar Pichai.

International Youth Day

12 August

FIINOBSERVATION OF INTERNATIONAL DAYS

Internaonal Youth Day is observed globally on 12th August,

providing opportunity for governments and other agencies to

focus on youth issues worldwide. The day was instuted aer

United Naons General Assembly adopted a resoluon in 1999.

The theme for 2015 is Youth and Civic Engagement. Fiinovaon

comprehends that engagement and involvement of youth is

crucial to achieve sustainable human development. India needs

to create opportunies for youth engagement in polics, socio-

economic acvies and for overall development of the country.

Fiinovaon rmly believes that India needs to empower its

youth and explore full potenal for contribuon to society,

development and peace.

India has a relavely young populaon with 70 percent below

the age of 40 (approximately 890 million). The government of

India has taken an ambious target of skilling 420 million Indians

by 2022 along with heavy investments in improvement of

adequate infrastructure, policy changes to boost employment

and opening up various sector to Foreign Direct Investment

(FDI). The private sector contribuon through employment,

educaon, skill development and corporate social responsibility

will be crucial to ensure holisc development of the youth in

India.

Fiinovaon, a research based organizaon, is an integrated soluon enabler in the CSR and sustainability domain. It is focused towards

enhancing quality across organizaonal value chain through meaningful innovaon thereby ensuring sustainability. It is Asia's rst

proposal research laboratory wherein research is focused primarily on four sectors, which include health, educaon, livelihood and

environment. The pracces CSR Porolio Management (CPM), CSR-CSO Partnership, Iniave Design, Iniave Management,

Monitoring and Evaluaon, Impact Assessment and Sustainability Reporng help provide simple soluons to their partners.

Fiinovaon

24/30, Ground Floor, Okhla Industrial Estate, Phase III

New Delhi - 110020

Phone: 011-42332200 | Fax : 011-42332205

website: www.inovaon.co.in | Email: [email protected]

About Fiinovaon

Indian Independence Day

15 August

It has been 69 years, since the tri-colour was rst hoisted at the

stroke of midnight at Red Fort by Jawaharlal Nehru . It conrmed

that India was indeed free from Brish rule, a feat that was once

thought to be impossible. India's journey has been challenging

but the success stories are there for the world to see. From being

a naon with 90 percent poverty to becoming the third largest

economy in the world, the on-ground development has been

beyond expectaons.

The naon's ag has been ying high by many extraordinary

Indians in the eld of science and technology, art and culture,

educaon and sports, research and innovaon and polics. The

military might and nuclear arsenal has made the naon a

regional superpower.

The future of the naon lies in the hands of the 65 percent of the

1.27 billion populaon who are below the age of 30. On this

independence day, let us all join hands in making the country a

strong and peaceful naon that is not only socio-economically

developed but is also sustainable , ensuring that the needs of the

future generaons are not compromised.

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