Dnote Xpress - Young India Where the Mind is Without Fear

Issue: #17 | August 2015

YOUNG INDIA

WHERE 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.ďŹ inova on.co.in

From The

CEO’s DESK

On the 69th year of independence, I would like to wish each and every ci zen of India a very happy Independence Day. Indeed, 15th August is the occasion which is valued the most among all the fes vals celebrated throughout the year. With so many religions, languages, tradi ons and geographical variance it is the feeling of patrio sm 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 sacrifice of our freedom fighters and celebrate the achievements of our contemporaries, who have selflessly indulged in building the India which the creators of an independent India once dreamed of.

The biggest asset of this country are its ci zens who me and me again have provided many glories to rejoice upon. We have le our mark in the fields 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 s ll 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 ci zen. This can only be achieved when we lend our efforts to upli the marginalised communi es and ensure that they are given equal opportuni es to live and grow.

We must come together to create a na on that is bere of poverty, indifference and inequality.

We then would achieve freedom in the truest sense.

Mr. Soumitro Chakraborty CEO, Fiinovation (Innovative Financial Advisors Pvt. Ltd.)

CSR MANDATE

KEY TO INDIA'S INCLUSIVE GROWTH Today, India stands on the brink of a stupendous demographic dividend. It is indica ve of a huge base of human capital which if used judiciously, can reap long term beneďŹ ts. Foresightedly, the increase in investments in educa on, health, skill development and environment is expected to enhance the exis ng 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 upli ment of marginalised and weaker sec ons of the society, working in tandem with other developments and bringing about a holis c growth of the na on.

During its introductory year, a few corpora ons planned and pooled in the required amount of funds for the chosen interven on, enlisted in Schedule VII of the Act. The ones who were under-spending were seen pu ng their eorts towards expansion of their expenditure manifold, either by more investments in their exis ng projects, or by exploring new avenues of interven on. Rest which were already prac cing CSR prior to the introduc on of law, were consolida ng their performance. Thus, the law facilitated measurement of societal performance to analyze and reframe CSR spending by a corpora on if needed.

Today, in order to bring a greater impact on ground, the corporate leaders are designing and aligning their organiza on's CSR ini a ves with the other corpora on's CSR vision. Alongside, the corpora ons are moving beyond relega ng CSR as a check-mark ac vity. Running in its second year, the law has prompted the corpora ons in bringing out most impact within the allocated budget. Mostly the corpora ons retain an ac vity and pool their funds in the following years, thus bringing a sustainable impact and substan al 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 corpora ons to contemplate the impact of their CSR ac vi es directed towards na on building.

-Aditi Singh

THE DEVELOPMENT

AGENDA

Livelihood, Environment, Health & Education

India, the third largest economy, gathered momentum in January–March 2015 touching the 7.5% mark. Nevertheless, ambiguity lingers in rela on to the economy's essen al momentum and high-frequency indicators paint a gloomy picture of the economy.

Fiinova on reviews the development agenda of the four crucial sectors of the economy and how they fare.

LIVELIHOOD

Despite the government's focus on industrialisa on, agriculture remains an overriding sector of the Indian economy, both in terms of contribu on to gross domes c 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 fisheries and forestry, accounts for one-third of the na on's GDP and is its single largest contributor.

How is the sector faring?

The total produc on 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 popula on.

Agricultural exports cons tute a fi 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 Promo on (DIPP), the Indian agriculture a racted foreign direct investment (FDI) equity inflows of US$ 2.15 billion in the period April 2000-December 2014.

ADAMA Agrochemicals, Israel based world's seventh largest agrochemicals firm plans to invest at least US$ 50 million in India. Israel has been helping farmers mul ply their income with be er prac ces, 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 fer lizer plants and set up two new plants to produce farm nutrients.

The Na onal Dairy Development Board (NDDB) has announced 42 dairy projects with a financial outlay of US$ 35.47 million in order to boost milk output in the country and increase per animal produc on of milk.

ENVIRONMENT

Pollu on. Deforesta on. Wildlife ex nc on. The aspira ons of 1.27 billion people. These are some of the decisive concerns that India grapples with every day. However, as India's popula on (will surpass China in 7 years) and economy con nue to grow, the call for finding sustainable solu ons becomes more vital every day.

How is the sector faring?

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 ci es of the world shows that 13 of those ci es are in India.

Globally, India con nues to be the country with the highest number of people (597 million people) prac sing open defeca on.

Number of rivers defined as 'polluted' in India has risen from 121 to 275 in the last five 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).

Progress in the Sector 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 en re 1 lakh km Na onal 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 genera ng 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 Defeca on Free” by 2019.

The Union Cabinet cleared plans to spend nearly Rs 1 lakh crore in five years on 100 smart ci es, and 500 ci es and towns under AMRUT.

HEALTH 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 escala on in coverage, services and increasing expenditure by public as well private players.

How is the sector faring?

During 2008-20, the healthcare sector is expected to record a CAGR of 17 per cent accoun ng to US$ 160 billion by 2017 and US$ 280 billion by 2020.

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

As per DIPP, the hospital and diagnos c centres a racted 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 addi onal beds over the next five to six years, which poten ally 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 taxa on were Rs 24,315 crore.

Progress in the Sector India's universal health plan that aims to offer guaranteed benefits to a sixth of the world's popula on will cost an es mated 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 addi onal con ngent 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 na ons have been the large commercial hospital chains in India.

India spends about 1 percent of its gross domes c product (GDP) on public health, compared to 3 percent in China and 8.3 percent in the United States.

EDUCATION

Educa on sector has seen a paradigm shi in the last two decades, a rac ng a lot of philanthropic ac vi es. Along with the focus on universal educa on the higher educa on system in India has witnessed remarkable growth in the past few years.

How is the sector faring?

In Budget 2015, the Government of India allocated US$ 23.6 billion for the educa on 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 ins tutes offering higher educa on in India is 44,668.

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

India has one of the lowest higher educa on enrollment ra o of 11 per cent.

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

The Indian educa on market is es mated to be worth whopping Rs.5.9 trillion in 2014-15 against Rs.3.33 trillion in 2011-12.

Progress in the Sector 100 'Deen Dayal Upadhyay Centres for Knowledge Acquisi on and Upgrada on of Skilled Human Abili es and Livelihood' (KAUSHAL) to be set up to encourage skill development among youth.

19 New Higher Educa onal Ins tu ons 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 Educa onal Ins tu ons Bill to be revived, which allows foreign universi es to set up campuses in India.

81% companies consider educa on as the core area for CSR ac vi es 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' educa on in 100 specified districts on the basis of Child Sex Ra o.

EMERGING Bikal Rai

, YOUNG TALENT

Ankit Jaswal

Born on 23rd April, 1993 Ankit is considered a medical genius in India and the world. Performing his first surgery at the age of seven. A er At the age of eleven he a ended Punjab University making him the youngest student to do so in the country. His life ambi on is to find a cure for cancer.

Farrhad Acidwalla

He started an avia on 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.

This talented young boy from Assam made his first car at the age of 14. Bikal abandoned his educa on due to financial 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 finances his projects.

Shravan Kumaran and Sanjay Kumaran

These two young boys are perhaps the youngest entrepreneurs of India. Sharavan and Sanjay, presently aged 16 and 14 respec vely, 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.

Mukund BS

This young entrepreneur established Sriram Eco Raksha Computer Pvt Ltd in the year 2009 to deal with the increasing Ewaste in the country. He also co-founded ReNew IT in 2009 to make computer affordable for all, so far the company has provided over 10,000 high quality economical computers to students, NGOs and small scale businesses.

Shubham Jaglan

Shubham, the son of a milkman and belonging to a rural village of Haryana is the current Junior World Golf Champion. A selftaught golfer who learnt the game through YouTube videos, Shubham won more than 100 na onal and interna onal tournaments at a the young age of 11.

Aathira Krishna

At the age of eight, she started playing violin and within a year she was on interna onal tours displaying her music skills. She is widely considered as the prodigy violinist of this genera on.

Krishna holds the Guinness World Record for her unique 32hour-long Non-Stop Carna c Violin Solo Concert.

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 first Indian woman to scale the Seven Summits, the highest peaks of the seven con nents.

Kishan Shrikanth

Popularly known as "Master Kishan", he directed his first film at the age of nine and won a Na onal Film Award for it. Presently at the age of 19, Krishan has won many na onal and interna onal film awards and has brought laurels to the country.

Charu Sharma

An all rounder, Charu Sharma has won 5 Na onal Awards in different categories, has completed expedi ons in all 7 con nents. Not only this, an en re 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.

Suhas Gopinath

At the age of 14, he made his first website all by himself. He was proclaimed as the world's youngest CEO, a er he founded a mul na onal IT company called Global INC. In 2007, Suhas received the "Young Achiever Award" by European Parliament, Brussels and Interna onal Associa on for Human Values.

Azmi Shaba

na@AzmiS

TWEETS OF THE MONTH

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Fre free o ce. dia. t

In no jus yet d in but erty an pov

FOOD FOR THOUGHT India is rightly called the Land of Spices. No country in the world produces as many varie es of spices as India.

There is only one doctor per 1,700 ci zens in India; the World Health Organiza on s pulates a minimum ra o 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 devasta on), and the number eight global risk based on likelihood (of occurring within 10 years).

In India, educa on 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 Educa on Act 2009.

Since 2001, the government's flagship elementary educa on program, the Sarva Shiksha Abhiyan, has helped to bring some 20 million children into school; most of them are first-genera on learners.

HEAR THE INFLUENCERS SPEAK "Literacy in itself is no educa on. Literacy is not the end of educa on or even the beginning. By educa on 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 na on, 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 contradic ons into posi ve affirma ons."

-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

FIINOBSERVATION OF INTERNATIONAL DAYS International Youth Day

Indian Independence Day 12 August

15 August

Interna onal Youth Day is observed globally on 12th August, providing opportunity for governments and other agencies to focus on youth issues worldwide. The day was ins tuted a er United Na ons General Assembly adopted a resolu on in 1999.

The theme for 2015 is Youth and Civic Engagement. Fiinova on comprehends that engagement and involvement of youth is crucial to achieve sustainable human development. India needs to create opportuni es for youth engagement in poli cs, socioeconomic ac vi es and for overall development of the country.

Fiinova on firmly believes that India needs to empower its youth and explore full poten al for contribu on to society, development and peace.

It has been 69 years, since the tri-colour was first hoisted at the stroke of midnight at Red Fort by Jawaharlal Nehru. It confirmed that India was indeed free from Bri sh 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 na on with 90 percent poverty to becoming the third largest economy in the world, the on-ground development has been beyond expecta ons.

India has a rela vely young popula on with 70 percent below the age of 40 (approximately 890 million). The government of India has taken an ambi ous 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 contribu on through employment, educa on, skill development and corporate social responsibility will be crucial to ensure holis c development of the youth in India.

The na on's flag has been flying high by many extraordinary Indians in the field of science and technology, art and culture, educa on and sports, research and innova on and poli cs. The military might and nuclear arsenal has made the na on a regional superpower.

The future of the na on lies in the hands of the 65 percent of the 1.27 billion popula on who are below the age of 30. On this independence day, let us all join hands in making the country a strong and peaceful na on that is not only socio-economically developed but is also sustainable, ensuring that the needs of the future genera ons are not compromised.

About Fiinova on Fiinova on, a research based organiza on, is an integrated solu on enabler in the CSR and sustainability domain. It is focused towards enhancing quality across organiza onal value chain through meaningful innova on thereby ensuring sustainability. It is Asia's first proposal research laboratory wherein research is focused primarily on four sectors, which include health, educa on, livelihood and environment. The prac ces CSR Por olio Management (CPM), CSR-CSO Partnership, Ini a ve Design, Ini a ve Management, Monitoring and Evalua on, Impact Assessment and Sustainability Repor ng help provide simple solu ons to their partners.

Fiinova on 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi - 110020 Phone: 011-42332200 | Fax : 011-42332205 website: www.fiinova on.co.in | Email: media@fiinova on.co.in