GN Bureau | September 7, 2015
Nobel prize winner Mohammed Yunus of Bangladesh, has invited the Indian companies to be partner with his organisation to start social business and to address social issues without profit motive.
Yunus Social Business India, a part of his social business initiative is in talks with various corporates on this kind of initiative. speaking in an event organised by Tie Chennai, he said, "Today I am here to pitch in with you all for social business here."
When asked whether his organisation is doing social business in India, and whether there are joint ventures, he said, "We have talked to a few companies. But the actual work has not been started yet."
Aarti Wig, country director, Yunus Social Business said that the organisation has established a fund and has so far invested in around seven small businesses in India. Yunus Social Business Fund Mumbai (YSBFM) was established and has been offering funds from the year 2011.
However, the organisation has conducted a scope study with US-based shoe company Toms Shoes, which donates one pair of shoe for every shoe gets purchased from the company. It currently distrubutes around 2 million shoes in India as part of philanthropy.
Minister of state for communications (I/C) Manoj Sinha has launched BSNL’s satellite phone service that will be offered to government agencies in phase one and later opened for others. While unveiling the new service, Sinha said BSNL works where no other network is present.
The cabinet has given it’s green signal to raise bonds of Rs 2,360 crore for renewable energy. The bonds will be raised by the ministry of new & renewable energy (MNRE) through the Indian Renewable Energy Development Agency (IREDA), a Miniratna enterprise, during current fiscal.
Chief economic advisor Arvind Subramanian’s campaign for some sense in country ratings has finally found some success. Global rating agency Moody`s Investors Service has downgraded China`s long-term local currency and foreign currency issuer ratings to A1 from Aa3 and changed the outlook to stable fr
The low level of farmers` income and year to year fluctuations in it are a major source of agrarian distress. This distress is spreading and getting severe over time impacting almost half of the population of the country that is dependent on farming for livelihood, said a Niti Aayog policy paper.
The civil society has strongly criticized the Narendra Modi government that completes three years in office. Citizens’ Report: Promises and Reality tha
Improving the availability of health workers, particularly at the sub-centre level, has been one of the thrust areas of the national rural health mission (NRHM). Back in 2005, most of the sub-centres in the country were run by a single auxiliary nurse midwife (ANM). ANMs were overbu