Digital edition june 2015 csr competitiveness indiacsr magazine by CSR & COMPETITVENESS

Volume 02

Issue 07

June 2015

DIGITAL EDITION

World's Biggest Catastrophic Loss to the Animal Kingdom

120,000 Saiga Antelope Dead in Central Asia

Not a single animal of this species is now alive in Kazakhstan.

EDITORIAL

CSR The Journey of Innovation

C CSR

Community Initiative

Awards 2015

Recognizing CSR Best Practices

â&#x20AC;&#x2DC;INDIACSR Community Initiative Awardsâ&#x20AC;&#x2122; is a milestone and an iconic event that acknowledges the unique and extraordinary contributions in the Corporate Social Responsibility (CSR) domain. This is a premium honour that recognizes the most admired and outstanding CSR initiatives and ventures in India.The awards acknowledge the noble contributions in the CSR domain that are raising benchmarks by bringing radical and transformative change in the development arena through innovation and excellence. The awards acknowledge the noble contributions in the CSR domain bringing radical and transformative change in the development arena. The INDIACSR Community Initiative Awards, in various categories, is open to all companies and organizations registered in India that engage in social responsibility. The Awards are open for nomination by all companies, corporate funded foundations and partnerships operating in India. If you have made incredible achievements and have actualized CSR in true sense, then the award and recognition is made just for you.

SR in modern times has to evolve as a journey of constant innovation. The CSR professionals have to think in a different way which we sometimes call it as out of the box thinking. Innovation in the area of CSR has become need of the hour because the government and regulatory bodies are now focusing more and more on the social impact assessment of the program. It does not really matter how much money has been spent in the CSR activity but what really matters is what has been the overall social impact of the CSR program on the local communities. It is very important to understand that innovation in the area of CSR will have manifold impact. It shall improve the overall productivity of the people, processes and technologies apart from maximising the overall impact on the local community. The people at various levels of the organisation have to understand that innovation has to come in various forms at different levels and can be contributed by people at various levels of the organisational hierarchy. The innovation in CSR projects has become more and more important in modern times as the CSR projects have to become meaningful, engaging, having relevance and should be aimed at achieving high social impact. We may evolve a model to calculate the overall social impact on the lines of ROI in the corporate world. ROI

RUSEN KUMAR MD & Editor rusenk@indiacsr.in

calculates the overall return on investment. On the same lines we may be in a position to calculate the cost of overall social impact of a CSR Project. This will increase the awareness level among the CSR professionals thinking for conceptualising a meaningful, engaging, relevant CSR program customised to local needs rather than mindlessly copying the CSR programs of other organisations. The era of change across the globe makes it imperative for all CSR professionals to be consistently thinking, evolving and innovating CSR projects which are socially relevant, cost effective, socially engaging, cost effective apart from ensuring the overall social impact to ensure that the CSR project proves to be rational in terms of justifying the overall cost for the overall social impact which the project has generated or is likely to generate. The simple rule of thumb shall be to evaluate the CSR project from various angles and dimensions apart from being focussed at making the project innovative, socially engaging and maximising the overall impact on the local communities. The spirit of innovation will help in minimising the cost, maximising the productivity and overall social impact on the communities. I wish all CSR professionals a grand success in their endeavours.

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EDITORIAL

THIS EDITION COVERS Organization Covered m m m m m m m m m m m m

Dainik Bhaskar SEBI Reliance Foundation Hindustan Zinc Ford India Random House India Cairn India Cummins Group Jagran Pehel Unicef UNEP KGN Aerospace

Taparia Tools Doordarshan DD Kisan Jindal Steel & Power Ltd NDTV Nestle India Migratory Species of Wild Animals (CMS) m Helpage India m GMR Kamalnga Energy Limited m IndiaCSR m m m m m m m

Topics Covered m m m m m m m m

Corporate Social Responsibility Corporate Governance Education Disability Child Marriage Skilled Manpower Environment Water Conservation

m Women Empowerment Art and m m m m m

Dance Energy Make in India Food Safety New Book Globalization

Personality Covered m m m m m m m m m

Narendra Modi Vashundhra Raje Rajyavardhan Rathore Radham ohan Singh Dr Surya Prakash Shallu Jindal NR Narayan Mirthy Nita Ambani Gautam Adani

m m m m m m m m

Ashin B Chhabra Mayank Ashar Abhishek Ranjan S Ravichandran Marzin Shroff Anand Madhab Erlan Nysynbaev Aline Kuhl-Stenzel

CSR - Actions and Reporting

DR. RANA SINGH Co-Founder & CEO Executive Editor ranasingh@indiacsr.in

he CSR domain is becoming more and more important as the government and the regulatory bodies are expecting enhanced level of transparency in CSR activities and reporting. The regulatory bodies are becoming more and more demanding in terms of the CSR activities and its ethical reporting to the various internal and external stakeholders. The organisations are expected to focus sincerely on the people, process and technologies to make the society, economy, and the overall planet at large a better place to live. The organisations are required to focus on two fold approach. Firstly the organisations are required to evolve strategies, policies and action plans which is aligned to the local needs after doing requisite needs assessment and feasibility analysis. The corporate entities are also recommended to conduct the overall impact assessment of the program apart from ensuring scrupulous compliance to the various applicable laws, guidelines and regulations followed by transparent process of accounting to account for the various expenditures incurred in the whole process.

The process of meticulous planning, focused implementation of the plans and strategies followed by preparation of the overall accounts of the whole program needs holistic focus by the various echelons of management. The organisations may like to structure well developed mechanisms to ensure that implementation of the programs are smooth and make sincere efforts to ensure that the impact of the CSR programs are sustainable. The organization are recommended to analyse the best practices at local, regional, national and international level. The best practices are to analysed and adopted if they are found suitable and acceptable. The best practices may also be customised to suit the interests of the locality, and the organization keeping in mind the demands of the implementation model of the program. To summarise it would be apt to recommend two pronged approach for the organisations to focus on both action as well as focus on ethical reporting of the accomplished goals and objectives. The organisations are also required to focus on compliance to the stipulated laws, guidelines and reporting requirements.

Country Covered m India

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m Kazakhstan

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INDEX

TEAM Mentors Sunil Ramdas Agrawal Dr. Ajay Kumar Singh SK Patra Swaran Jaggi

Editorial Board

Rusen Kumar | Editor rusenk@indiacsr.in

Dr. Sanjay Kumar Singh | Associate Prof. & HOD-Humanities | OP Jindal Institute of Technology

Dr. Rana Singh | Co Founder & CEO | Executive Editor | ranasingh@indiacsr.in

Vijay Kapur | Eminent CSR Consultant & Author Director – Kohana CSR

Anil Jaggi | Executive Editor anil@indiacsr.in

Enakshi Sengupta | Eminent CSR Consultant & Author, Director – Kohana CSR

Dr. (Prof.) Saurabh Mittal | Sub-Editor, New Delhi saurabh@indiacsr.in

Dr K K Upadhyay | Head CSR-Ficci Aditya Birla CSR Centre of Excellence

Triambak Sharma (Renowned Cartoonist) | Editor-Cartoon

Monaem Ben Lellahom | Co-Founder & Head of Sustainability Advisory, Services Sustainable Square Consultancy and Think Tank UAE

Advisory Board Jatinder Singh | Secretary- Innovation, CSR, Education & Skill Development Committee PHD Chamber of Commerce and Industry

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Content

Page No.

Editorial

Team/Index

6-7

Enabling Change, Empowering Lives

8-9

Narayana Murthy to Lead SEBI Start-ups Panel

Kalashree Samman to Shallu Jindal

Reliance Foundation Nurturing 24 Young Football Talents

12-13

Hindustan Zinc Planted 1.4 Million Saplings

JSPL Barbil Creates Awareness Among Employees

Why 'Make in India' is Very Much India Inc's Job

16-17

Ford Achieves Reduction of 16% Energy Consumed

18-19

New Book on Investment 'The Aspirational Investor' By Ashvin B Chhabra

20-21

Cairn India to Setup Centre of Excellence in Rajasthan

22-23

CSR – Integrating Two Worlds: Corporates & Communities

24-25

Cummins Conserves 3,373 Million Gallons of Water

26-27

10 Simple Steps to Save Environment

28-29

Jagran Pehel & UNICEF Address Child Marriage in UP

30-31

GKN Aerospace Opens Wing For the Differently Abled

SEBI Freezes Voting Rights, Corporate Benefits of Taparia Promoters

PM Launches DD Kisan – India's First TV Channel Dedicated to Farmers

34-35

Catastrophic Collapse of Saiga Antelopes in Central Asia

36-41

Panasonic India Ties with 'The Tree Man' for Greener Tomorrow

42-43

CAF India Launches Media Fellowship Program

Coca-Cola Launches World's First PET Plastic Bottle

Gangavaram Port to Plant 55000 Saplings

46-47

New Book By Wayne Visser Sustainable frontiers

48-49

SEBI Fines NDTV For Delayed Tax Clearance

Financial Awareness Must to Save Investors From Frauds: SEBI

Vodafone India to Start Planting 1 Lac Tress from July, Planted 1 Lac Trees Last Year

52-53

India declared Free of Maternal and Neonatal Tetanus

54-55

Clean Ganga Mission MoU Signed

56-57

Vedanta invested Rs 361 crore for Environment Sustainability, Planted 7 Lakh Trees

58-59

We Utilize the Development Funds to the Maximum

62-63

News

64-67

AD CSR Training

Advt: Get Recognized Your Innovative CSR Projects

Pramotion Advertisement : CSR & COMPETITIVENESS

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NEWS

Enabling Change, Empowering Lives

abroad. It also helped housewives in making online reservations, online shopping, reading mythological stories and ancient history online, etc. To date, more than 56,000 training registrations were done.

Dainik Bhaskar's CSR Initiative

Print Ads Support

Computer Education Program

The initiative was launched via print ads and on ground activations across India. The campaign theme highlighted the choice and importance of learning. The initiative featured in national edit page of Bhaskar. It was also extensively driven on the digital platform to generate awareness about the program. Helpage India, organization working in the area of elderly care has partnered with the initiative.

Being India's largest newspaper group, Corporate Responsibility and Social Stewardship have always been integral to Dainik Bhaskar Group. Since inception, it has evolved on the ethos of a socially concerned organization. With strong presence in the field of Newspaper publication, the organization has always given priority to creation of better and well informed communities, which has impacted the lives of needy.

orporate Social Responsibility, at Dainik Bhaskar is not merely compliance; it is a commitment to undertake initiatives in the areas of Environment Sustainability, Computer Education and other Community Development Initiatives. Over the years, it has focused not only on the business aspect of the group, but also on how it can be a catalyst in driving the much needed social economic transformation in the country. Computer Education Program is aimed at imparting computer and internet knowledge to senior citizens and housewives who otherwise lack the basic skill and knowledge to operate computer and make the most of web for taking meaningful actions in daily life.

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2 Weeks 20 Participants

10 States 34 Cities Catering to this latent need of senior citizens and housewives, Dainik Bhaskar started a Computer Education Program in 34 cities across 10 States namely Madhya Pradesh, Maharashtra, Gujarat, Chhattisgarh, Chandigarh, Punjab, Haryana, Rajasthan, Bihar and Jharkhand. The initiative, as intended, infused great confidence amongst the trainees and made them competent enough to walk hand in hand with today's generation. It enabled senior citizens to chat with their children and grandchildren staying in different cities or

The Program was conducted in batches. Every batch ran for 2 weeks on hourly basis and comprised of 15-20 individuals. Qualified trainers were employed to impart trainings across all cities. Besides this, personal attention was also given to those who found it difficult to adapt to digital technology. On successful completion of the training, every individual was awarded with a training certificate in valedictory function. A booklet was given to the trainees that helped them in understanding the nuances of computer basics such as starting computer, typing in MS word, use of microphone, webcam to interact with people, browsing internet surfing, creating e-mail account, sending and reading e-mails, searching information online viz. hospitals, banks, recipes etc. and digital skills like using Whatsapp, Skype, Viber etc.

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Today, digital technology has revolutionized our lives and undoubtedly plays an important role in our daily regime. Its significance is no longer limited to youths and the working class, but extends to even home makers and senior citizens. With the widespread reach of computers, senior citizens and homemakers also feel an acute need to be in sync with their children or other members of family who have access to newer digital technologies every single day.

Vinay Maheshwari Senior Vice President Sales and Market Development & Brand Marketing, Dainik Bhaskar Group

We believe that bridging the digital divide is integral to sustainable economic growth of our nation. As a responsible corporate citizen, through program, we strive to make more elderly citizens and housewives digital literate with emphasis on under privileged section of the society.

Vikas Singh Associate Vice President Brand Marketing Dainik Bhaskar Group

CSR&COMPETITIVENESS

NEWS

Narayana Murthy to Lead SEBI Start-ups Panel

Kalashree Samman to Shallu Jindal

SEBI to advise on developing alternative investments and the start-up ecosystem in India.

Shallu Jindal’s organization Jindal Steel & Power pro-actively supports cultural initiatives with a motive to nurture and sustain local form of fine arts and dance.

R Narayana Murthy, Founder, Infosys, will head the 18member committee set up by the capital market regulator SEBI to advise on developing alternative investments and the start-up ecosystem in India. The Alternative Investment Policy Advisory Comamittee (AIPAC), the committee consists of marquee names, such as Sanjay Nayar, Chairman, Indian Private Equity & Venture Capital Association (IVCA), Member & CEO, KKR India Advisors Pvt Ltd; Saurabh Srivastava, Founder, Indian Angel Network; Ajay Piramal, Chairman, Piramal Group; Devinjit Singh, MD, The Carlyle Group, India; Sunil Godhwani, Chairman and MD,

NR Narayana Murthy Founder, Infosys

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Religare Enterprises; Gopal Srinivasan, Chairman and MD, TVS Capital Funds; besides representatives of the Finance Ministry, RBI and SEBI. The group has the mandate to caution the regulator on possible hurdles, besides counselling on interface areas with fellow regulators. On March 30, SEBI had come out with a discussion paper on alternate capital raising platform and review of other regulatory requirements to sort out the dilemma between investor protection and an enabling environment for start-ups to receive early-stage funding. SEBI observed that its requirements related to promoters offering a minimum 20 per cent of the post-issue capital as lock-in for three years, detailed disclosure on objects of the issue, etc. In the discussion paper, SEBI proposed that the institutional trading platform be used for listing start-ups, besides mandating that the entire preissue equity capital be locked-in only for six months uniformly for all shareholders. SEBI had proposed that the basis of issue price may include disclosures, other than projections, as deemed fit by the issuers to enable investors take informed decisions. Disclosures related to group companies, litigations, and creditors were also proposed.

oted Kuchipudi danseuse Shallu Jindal has been conferred with Kalashree Samman in the Gandharva Kala Samman – 2015 held at Bhubaneswar on May 24, 2015. Eminent artist Dr. Dinanath Pathi presented the award to Ms. Jindal for excellence and contribution to Kuchipudi. Shallu Jindal said, “I place my gratitude to the people of Odisha for their recognition to Kuchipudi dance”. She has been enthusiastically encouraging local tribal art, culture and sports in communities in and around the areas of operations of JSPL. Ms. Jindal performs the Indian classical dance with rare distinction, immense artistry, brilliant intensity and with profound and visible passion, as expected of seasoned and front line classical dancers of the day. She has performed with much acclaim and alacrity, both nationally and internationally including at Ellora, Khajuraho, Hampi, Elephanta, Monte, Kinkini, Chidambaram, Chakradhar Samaroh, Krishna Gana Sabha, Natyanjali, Guru Kelucharan Mohapatra, Chowmahalla festivals and many recitals at various venues in New Delhi. She has also received Devadasi Samman in 2013 at Bhubaneswar and Shrikshetra Samman in 2014 at Puri. She is a member on Central Advisory

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Board on Culture, Govt. of India and has been appointed the Chairperson of the National Bal Bhawan. She is also the Co-Chairperson of Jindal Steel and Power Foundation spearheading the CSR initiatives of the conglomerate, and the Vice President of the Flag Foundation of India.

Odisha is the land of Lord Jagannath and I will be very happy to promote classical dance of Odisha through various initiatives of JSPL Foundation.

Shallu Jindal Co-Chairperson JSPL Foundation CSR&COMPETITIVENESS

NEWS

Reliance Foundation Nurturing 24 Young Football Talents Reliance Foundation awarded 24 emerging football talents with scholarship to nurture footballing skils and has also insured their quality education at Reliance Foundation School in Mumbai.

rassroots Indian football received a big boost, as 24 young footballers betwee 11-14 years age group were awarded the Reliance Foundation Young Champs (RFYC) scholarships for structured training to hone skills, along with quality education at Reliance Foundation School at Koparkhairane, Mumbai. Nita Ambani, Founder and Chairperson, Reliance Foundation and Football Sports Development Limited (FSDL), Indian cinema icon Amitabh

the Best Grassroots Programme. Actor Ranbir Kapoor and team owner of Mumbai City FC, received the award. Sameer Manchanda, team owner, received the runners-up award of Rs 75 lakh for Delhi Dynamos FC. Starting from June onwards, the awardees will be groomed through exposure to global best practices and training modules to take on the mantle of next generation professional Indian footballers. Encouraging and nurturing talent at the grassroots level is one of the core principles of FSD, the promoters of ISL which has broken many spectator and viewership records in its inaugural edition in 2014. The RFYC programme is a definitive step towards realising FSDL's dream of making India a footballing nation.

I am delighted that Reliance Foundation's vision to develop talent at the grassroots has taken its first big leap. Thanks to the commitment and involvement of all ISL franchises, I am confident that this grassroots football movement will form the backbone of Indian football in the years to come. We believe that sports and education go hand in hand. We ensure that these children graduate with their talents and skills honed to realise their potential to the fullest.

24 Young Champs were chosen from football camps and selection trials were organized across the country by the 8 Indian Super League (ISL) franchisees. 200 footballers were shortlisted and invited to weeklong final trials overseen by Piet Hubers, Technical Director of ISL Grassroots Programme and Marcus Vaessen, Head Coach, RFYC programme.

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Bachchan and Chief Minister of Maharashtra, Devendra Fadnavis handed over the scholarships to young footballers, at a function held on 27 May 2015 at the Jio Garden, Bandra Kurla Complex, Mumbai. ISL also gave away a cash award of Rs 1.25 crore to Mumbai City FC for csrcompetitiveness.org

Nita Ambani Founder and Chairperson Reliance Foundation & Football Sports Development Limited

CSR&COMPETITIVENESS

World Environment Day

JSPL Barbil Creates Awareness Among Employees

Hindustan Zinc Planted

1.4 Million Saplings

industan Zinc carried out a special plantation drive on the occasion of World Environment Day - 5 June, 2015. The drive was carried out in all its business locations spread across 5 districts – Udaipur, Chittorgarh, Bhilwara, Rajsamand and Ajmer. In a message to all employees, Akhilesh Joshi, CEO-HZL emphasised on the importance of individuals to bring out change and also highlighted the annual theme recommended by the United Nations Environment Programme — 'Seven Billion Dreams. One Planet. Consume with Care'. He said “World Environment Day is the opportunity for everyone to realize the responsibility to care for the Earth and to become agents of change. Every small step taken by each one of us is a mighty step forward in terms of creating a better environment for next generation.” Hindustan Zinc's Chanderiya Smelting Complex, has special focus on planting the saplings of medicinal properties. In addition, poster making competition, environment quiz, photography, slogans writing competition and essay writing competitions were organised. Over 1.4 million saplings have been planted by HZL over the years. As a part of green energy initiatives the company is also one of the largest

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producers of wind power – 274 MW in India, which is registered under Clean Development Mechanism (CDM) of United Nations Framework Convention on Climate Change (UNFCCC) and is entitled for carbon credits. Hindustan Zinc produces also about 35.4 MW of power through the waste heat recovery process. Utilization of fly-ash and slag, adoption of environment friendly technology, water conservation and setting-up Sewage Treatment Plant in Udaipur are some of the many key initiatives taken towards care for the environment.

World Environment Day is the opportunity for everyone to realize the responsibility to care for the Earth and to become agents of change. Every small step taken by each one of us is a mighty step forward in terms of creating a better environment for next generation.

Akhilesh Joshi CEO Hindustan Zink Ltd

ike every year, this year also World Environment Day 2015 was celebrated at Jindal Steel & Power Ltd., Barbil Unit to create awareness among employees, contract employees, children, housewives and surrounding community villages. Various competitions like slogan, posters, essay and online environment quiz were organized among the employees, contract employees, school children and housewives. The Programme was started with a mass plantation in the nearby community village Deojhar with community people along with local sarpanch in the presence of esteem chief guest Dr. Sohan Giri (Regional Officer, Odisha State Pollution Control Board, Keonjhar), guest from SMPL V. K. S. Rathore (Sr.VP), P. Mohanta (AVP), B. B. Sahu (GM) and top management of JSPL V. C. S. Rao (VP), Alok Malhotra (GM, HR, P & A), Dr. R. C. Rout (GM-Environment, JSPL) of various local species of plant. During the Programme the enthusiastic

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villagers shows their huge interest in plant and planation. In this glorious occasion in house environmental bulletin “Environmental Initiatives 2015” was released by chief guest and distributed to all employees followed by a meeting inside pellet plant area. In the evening session planation was carried out inside pellet plant area by senior officials of JSPL. “Regional Officer, State Pollution Control Board and their team appreciated JSPL group because of the environmental initiatives taken without any compromising with the green universe such as Biogas plant (BARC Technology, Mumbai) for management of biodegradable waste generated from plant and colony areas to treat the sewage & other proven technology. They also appreciated JSPL because of the best effort & positive contribution by our group where less emission from the plant process, zero discharge concepts, green belt development are highly concerned.”, JSPL said in the statement. CSR&COMPETITIVENESS

VIEWS BY GAUTAM ADANI

Why 'Make in India' is Very Much India Inc's Job It's a different way of thinking. Most of these organisations are global giants that have sustained over decades and are into their third or fourth generation of workforce.

hen asked by British Prime Minister Tony Blair what the secret of Germany's economic success was, German Chancellor Angela Merkel had famously replied, 'Mr Blair, we still make things' Having returned last month from the Hannover Messe, there is little doubt that I will visit this trade fair again. The key manufacturing themes at Hannover were Industry 4.0 (next generation manufacturing technologies), Additive manufacturing (3D printing), Lightweight manufacturing (composites and nanomaterials), Energy efficiency (the coexistence of cost-effective and environment-friendly energy sources) and Robotics. These topics were absent from our parlance just five years ago. Today, they are an essential part of many of our day-to-day discussions. Today,

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given that manufacturing is being globally revolutionised by technology, it is obvious that India will have to ready itself. Projections made by a recent Boston Consulting Group study state that by 2025, manufacturing costs are anticipated to be 18-33% lower in economies in which robotics and automation are leveraged. The same report also points out staggering benefits that are already being derived. The cost of a robot executing an operation, for instance, is about $4-8 an hour against $25 for a human. However, while technology can be purchased, technology alone will not suffice. Therefore, if India is to fulfill its dream of becoming a global manufacturing power, it will have to act on several fronts. First, the development of a welltrained and skilled labour force cannot be just left to the government. It has to

equally be the responsibility of corporate institutions. While the government can facilitate through subsidized institutes, the only way to develop an employable workforce is through 'apprenticeships' that only corporate entities can provide. Investing in helping the bottom base of the pyramid and helping upskill them is not CSR (corporate social responsibility). It is nation-building. Next is dignity of labour. During my trip to Germany, I met several executives and visited some state-ofthe-art factories. One common theme that emerged in my discussions was the continued investment and care for the 'last-mile' employees. Many felt proud when some of their best workers left to make their mark elsewhere, making room for the next set of trained employees to take over. It's a different way of thinking. Most of these organisations are global giants that have sustained over decades and are into their third or fourth generation of workforce. It is such continued diffusion of a trained workforce that,

over years, drives a nation's competitive edge. The problem is that somewhere down the years, Indian corporate houses got so focused on generic training for the 'top of the pyramid' that we forgot who actually needed to be trained. Till the time we, as large corporates, are sincere in our intent to recognize this 'last mile' of employees who actually do the execution, and prioritize investments for their growth and development, we will not be able to build an employable workforce crucial to drive the growth of the small and mid-market manufacturing businesses. If we get this cycle right over the next decade, India will be relevant and grow as a manufacturing powerhouse. The government is doing what it needs to do. It is corporate houses that now need to step up and do our bit if we want to provide the dignity our workers deserve. Patriotism is not about past glory. It is about making the present and future equitable for those that need early doors to be opened. That is the dream of 'Make in India'.

First, the development of a welltrained and skilled labour force cannot be just left to the government. It has to equally be the responsibility of corporate institutions.

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GAUTAM ADANI Chairman Adani Group

CSR&COMPETITIVENESS

INNOVATION

Ford Achieves Reduction of 16% Energy Consumed

the Excellent Energy Efficiency Unit at 15th CII National Energy Management Awards in 2014, out of a 100 shortlisted companies, in recognition of the plant's various energy-saving initiatives.

Lowering CO2 Emissions

The Chennai plant was adjudged as the Excellent Energy Efficiency Unit at 15th CII National Energy Management Awards in 2014, out of a 100 shortlisted companies, in recognition of the plant's various energy-saving initiatives.

ord's manufacturing facilities in Chennai and Sanand have implemented various green manufacturing practices, which reiterate Ford's commitment to sustainability. Ford's Chennai Vehicle Assembly and Engine Plant (CVAEP) has achieved a reduction of 16% in terms of energy consumed per car produced. CVAEP has achieved a reduction of 16% in terms of energy consumed per car produced since 2009. Continuous improvement measures have also led to a reduction of 30% in terms of water consumed per car produced, while Volatile Organic Compound (VOC) emissions have reduced by close to 40%, over the same period.

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Similarly, the paint facility at Sanand will use Ford's innovative three-wet paint process that allows three coats of paint to be applied and dried simultaneously. The energy efficient process significantly reduces wastage, energy consumption and helps in lowering paint shop carbon-dioxide emissions by up to 25%.

100% Water Reused

EcoBoost

100% of the wastewater is treated and reused within the facility, making this a zero liquid discharge facility. The entire hazardous waste generated is either recycled or co-processed into allied cement industries, making this plant a zero landfill facility. Other notable green practices at the plant include emission control initiatives, cycle time reduction projects, reduction of waste in packaging material, switching over to LED lighting, regulating air conditioning systems, installation of solar heaters and effective use of sunlight in the factory floor. The Chennai plant was adjudged as

1.0L engine

The latest green invention Ford's commitment to the environment is reflected not only in its manufacturing processes, but also in its vehicle and engine offerings. Ford's vision to offer products that help conserve the environment by reducing harmful emissions has led to the development and use of the ingenious and green 1.0L EcoBoost, Ford's global powertrain technology that features a light turbo that takes less effort to spool up and as a result reduces the intake of fuel and saves running cost. Ford's EcoBoost engine combines direct fuel injection, turbocharging and

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variable valve timing to gain fuel economy of up to 20% more compared to larger engines, with no loss of performance. More than 2 million consumers around the world have opted for EcoBoost powered vehicles. The 1.0L EcoBoost engine was unanimously awarded the 'International Engine of the Year' award for 3 years in a row in 2012, 2013 and 2014 by a panel of over 82 automotive journalists from across 35 countries.

Ford CSR Corporate Social Responsibility at Ford defines sustainability as a business model that creates value, consistent with the long-term preservation and enhancement of environmental, social and financial capital. Extending its ONE Ford approach to it community outreach efforts, Ford India recently launched Thooimai Bharatham (Clean India), a project aimed at creating a sustainable environment around the Chennai plant. This synergy between Ford's vision of sustainability and the nation-wide Swacch Bharat campaign can truly create a win-win situation for communities.

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REVIEW RUSEN KUMAR

New Book on Investment

'The Aspirational Investor' By Ashvin B Chhabra In The Aspirational Investor, Ashvin B. Chhabra outlines a ground-breaking yet intuitive approach to managing wealth, based on the identification of key goals and the careful allocation of resources and risks.

ew Book 'The Aspirational Investor' By Ashvin Chhabra outlines Investing in the Pursuit of Wealth and Happiness. The book being published by Random House India (Penguin Random House) is now available. Ashvin's book explains how to break down a seemingly very complex problem – how we should invest our money – into manageable steps. The cost of the book is Rs 699 (hardback). In The Aspirational Investor, Ashvin B. Chhabra outlines a ground-breaking yet intuitive approach to managing wealth, based on the identification of key goals and the careful allocation of resources and risks. The Wealth Allocation Framework will help you connect your investment portfolio with your life's goals, and accommodate the three seemingly incompatible objectives that must underpin every sound wealth management strategy: the need for financial security in the face of unknowable risks, the desire to

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maintain current living standards despite inflation, and the opportunity for life-changing wealth creation. We need a framework that shifts the focus of investment strategy from portfolios and markets to individuals and the objectives that really matter: protection against unexpected financial crises or retirement planning. Whatever matters most to you—paying for your kid's education, starting your own business, endowing your favorite charity, or traveling the world—you need a road map to help you achieve both your essential and aspirational goals. Why are otherwise smart and competent people such lousy investors? Individual investors give up as much as two-thirds of their potential investment returns in misguided efforts to beat the market—and most don't even realize it. Ashvin B. Chhabra, chief investment officer of one of the world's largest wealth management firms, explains that an important idea has gotten lost amid the relentless pursuit of investment

returns. Rather than trying to beat the market, your primary goal should be to construct an investment strategy that creates a solid safety net and enables you to pursue your dreams and aspirations. With no more guarantee of lifelong jobs or pensions, all of us bear the burden of investing wisely. But many of us focus on the wrong set of investment activities, such as identifying the next great start-up or star fund manager, or simply beating a market benchmark. Even the standard framework for investing, modern portfolio theory, offers an incomplete solution. Meanwhile, the grand debates in finance, such as indexing versus active management, prioritize the wrong set of issues. Chhabra's pioneering work illuminates some surprising facts about how people get very wealthy, and reinterprets the success formulas of investing greats such as Warren Buffett and David Swensen. Chhabra also offers a novel perspective: If the markets don't really care about you, as surely they do not, then why should you spend all your time and effort trying to beat them? Raising the bar for what we should expect from our investment portfolios—and from our investment advisors—The Aspirational Investor is a thoughtful, practical guide for any investor, regardless of income or wealth level. Ashvin B Chhabra is the chief investment officer of Merrill Lynch Wealth Management, Bank of America. He is widely recognised for being one of the founders of Goals-Based Wealth Management and for his seminal work 'Beyond Markowitz', which integrates

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modern portfolio theory with behavioural science. Ashvin grew up in New Delhi and was trained as a theoretical physicist. He received his PhD in applied physics in the field of chaos theory from Yale University, where he also met his Italian-born wife, Daniela BonafedeChhabra. They currently live in Princeton with their two children. Ashvin has lectured at Yale University, Carnegie Mellon University, Columbia Business School, Baruch College CUNY and University of Chicago. He's a member of the Board of Fellows for the Program in Financial Mathematics, Courant Institute at New York University; the Board of Regents for the Financial Analysts Seminar, CFA Institute; the International Advisory Board of EDHEC Risk Institute; the Board of Trustees of the Stony Brook Foundation and the Investment Committee of the Institute for Advanced Study.

Ashvin B Chhabra Chief Investment officer of Merrill Lynch Wealth Management Bank of America

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NEWS

Cairn India to Setup

Centre of Excellence in Rajasthan

Cairn India has signed MoU with Rajasthan Govt to further its CSR footprint in a significant manner. It has established the first-of-itskind Cairn Centre of Excellence (CCoE) in Jodhpur, Rajasthan. The centre aims for the skills development of the community and providing linkage to employment.

airn India, credited for India's biggest on-land oil discovery in Rajasthan and also for World's longest continuously insulated pipeline,

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has furthered its CSR footprint in a significant manner. The aim is to build capacity among the youth in the region and link them with employment, Cairn

India has established the first-of-itskind Cairn Centre of Excellence (CCoE) in Jodhpur, Rajasthan. The centre aims for the skills development of the community and providing linkage to employment. Memorandum of Understanding (MoU) was signed on jun 3, 2015 in presence of Honorable Chief Minister of Rajasthan Vasundhra Raje, MD RSLDC Gaurav Goyal, Cairn India's CEO Mayank Ashar and TUV's CEO and MD Thomas Fuhrmann, The MoU was signed among the Rajasthan Skills & Livelihoods Development Corporation (RSLDC), Cairn India Limited and TUV Rheinland India Pvt Ltd. As per the MoU, RSLDC will make available services/schemes to the youth trained at the CCOE. It shall also provide financial support as per Government's guidelines to students. TUV shall endeavor to provide training to the youth and Cairn India will monitor the training activities. The vision is to develop a state-of-the-art, best-in-class centre that is positioned well above existing offerings in the realm of vocational training. Students trained at the CCOE will be able to find linkages to employment opportunities within and outside the country. Cairn India, part of the Vedanta Group, has been playing a significant role in increasing and improving the employability of local people through skill development and trainings at the Enterprise Center based in Barmer â&#x20AC;&#x201C; both through development of local businesses and helping in providing employment outside the influence of Cairn India. By far the Enterprise Centre has been extensively used as a means to train more than 15,000 local and other unskilled workers in construction safety skills.

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SALIENT FEATURES: Land area and construction: 12 acres with built up area 16,000 sq m (1.5 lac sq ft) n Investment Rs 60 Crore n Courses : Advanced Welding, Renewable Energy (including modules on wind and solar), Automobile Repair & Maintenance, Retail etc.

The petroleum production from the mineral rich land of Rajasthan started by Cairn India in 2009, has contributed significantly in our country's energy security. I am confident that with the Cairn Centre of Excellence, we shall strengthen the skill development and employability of local youth.

Mayank Ashar MD & CEO Cairn India

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VIEWS BY ABHISHEK RANJAN

CSR – Integrating Two Worlds:

Corporates & Communities Creating a strong business and building a better world are not conflicting goals – they are both essential ingredients for long-term success – William Clay Ford

hen our CEO asked me to take on the project of tying together the various outreach and community activist programs that were going on within our organization under one umbrella CSR program, I thought…”Wow! Where do I start?” I knew it was important for our company and that we have many employees that had been suggesting ideas and activities that they would like to see us drive, but getting those same people organized and contributing time to the same initiative would be a challenge! So, I did what anyone would do and started evaluating the experience I have had with the Rotary club and learnings from that combined with extensive research into what is working today. To start with, I wanted to understand how CSR has evolved over the years. And, while CSR has gained considerable acceptance over the years. Its scope has broadened, and for the better. A look at the past; Yester years: n CSR meant philanthropy, and at best, an individual's emotional need n The social cost of “Give and take” was not accounted

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Altruism and charity were transient n And, where we are headed: n For CSR to be sustainable, corporations must be convinced that it is good for business n CSR has been proven to promote long-term profits for business n Companies are looking for a strategic CSR plan that will impact long term, fundamental impact and change but can also be assessed, monitored and reported on. This evaluation got me to thinking about what has fundamentally changed for CSR initiatives, hence the title of this piece. You must be wondering why I used responsivity instead of responsibility? As CSR has matured in its sophistication, the expectations from companies that invest in these programs and the recipients of their goodwill has also matured. No longer is responsibility sufficient for companies to embrace, but the investments being made take on more than responsibility, they require a heightened level of awareness of the need that exists and a highly responsive structure to be successful. Socio-economic, political, n

and cultural events are affecting the business environment in an unprecedented way. Hence, by referring to the “R” in CSR as Responsivity we will see companies to responding accordingly and… n Move from obligation to Action n Move from Accountability to Activity n Move from Reactive to Proactive So, now we understand the level of our obligation when implementing a CSR program, but selecting from the overwhelming need in the world was our next big challenge. There are plenty of issues at hand ranging from Hunger, Health, Education, women empowerment, and so forth, but how can we adopt a focused approach to social responsivity? I decided that we needed to narrow our focus to something the majority of our team felt passionate about. A recurring theme was the fact that we all agreed that supporting under privileged children is one fantastic and impactful way of creating a better world. In this case, we focused on India. India has 440 million children. That's more than the entire population of the United States, Mexico, and Canada put together. Every fifth child in the world is Indian. The number of children in poverty in India is staggering. No food, shelter, or basic healthcare is provided consistently. There is no shortage of need. For example: Mortality rates for children are staggering: n India has over 200 million people in hunger, and 40% of them are children. n About 27 million children are born each year in India but nearly 2 million of them do not live to the

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age of five. Education has major gaps for children: n The majority of children are enrolled in school, but up to half don't attend regularly. n After five years of classes, fewer than 60% can read a short story or do simple arithmetic. n More than 35 million children in the (6-14) age group are out of school. n Many are pressured to work and earn money for their families n And you will be shocked to know that there are 12 Million Child Laborers in India. Do the figures in the above infographic alarm you? They should. We barely need to look around to know that there is a mountain of evidence screaming at us to focus on Healthcare, Education, Nutrition, & Skill Development for the children that will be leading our society of tomorrow. Our collective goal should be to make all children independent, confident, and hopeful that their lives mean something to the world and that we will do all we can make them successful and happy in life.

Abhishek Ranjan HEAD – CSR Brillio Technologies

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ENVIRONMENT

Across three phases of the Khadakwasla Lake Rejuvenation Project, Cummins employees desilt 1.5 kms stretch of the dam and plant 9,000 trees

Cummins Conserves

3,373 Million Gallons of Water

s part of its Corporate Responsibility, the Cummins Group in India, a leading manufacturer of engines, generator sets and related components and technologies, has pioneered several major initiatives to replenish the environment with water in cities where it has a manufacturing presence. Under the Khadakwasla Lake Rejuvenation project in Pune, in partnership with the NGO - Green Thumb, Cummins has been engaging in the desilting of the Khadakwasla lake, created a recharge of close to 3,373 million gallons of water, till date. Ahead of the World Environment Day 26

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on June 5, in the third phase of this project, close to 200 Cummins employees volunteered to plant an additional 5,000 trees at the banks of the lake. Initiated by Green Thumb three years ago in 2012, Cummins entered the project soon after, with the intent to scale it up with its technical expertise and employee participation, in activities involving de-silting, plantation and maintenance of trees. In the first two phases, following desilting of a 1.5 km-stretch, the soil unearthed from the bottom of the lake was recycled to create a green belt surrounding the periphery of the dam.

This belt has now become a habitat for various species of birds and butterflies as well as a pleasant walk-way for nature lovers. Hume pipes were installed and the two exiting culverts were cleaned for collecting the surface run-off water. The Khadakwasla Lake Rejuvenation project, now in its third phase, aims to achieve the following: 타 De-silting another 1 km, pitching of soil, tree plantation and maintenance 타 Creating awareness about water conservation in educational institutes & residential societies Collectively, across all three phases, 9,000 trees have been planted, with more than 1000 Cummins employees spending over 4,200 hours towards the many activities of the project. In order to further scale up de-silting across the full 22 kms stretch of the lake, corporates like Tata Motors and Praj Industries have also joined hands with Cummins and Green Thumb. This project is a part of the Water

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Neutrality drive that Cummins undertakes as part its Corporate Responsibility. The drive involves reducing water usage at all of its manufacturing facilities in Pune, Phaltan, Jamshedpur, Ahmednagar, Dewas and Pithampur, while also investing in projects that make water available to the communities.

All the activities under this project are making significant progress in replenishing this important resource back into the environment, for the benefit of the communities residing in Pune. Since 2012, we have engaged in multiple projects successfully involving our employees in all activities along with the support of our NGO partners.

S. RAVICHANDRAN Head - Corporate Responsibility, Cummins Group in India CSR&COMPETITIVENESS

ENVIRONMENT MARZIN SHROFF

10 Simple Steps to Save Environment Every year many states in India like Maharashtra, Rajasthan, Gujarat etc. reel under acute water scarcity. The problem becomes worst in summer when the city faces severe water cuts.

here is no denying that the environment around us is constantly changing. However, with a massive increase in the influx of disasters - natural and man-made, there is an urgent need to become increasingly aware, attentive and conscious of the types of environmental problems our planet is facing and take measures to combat them on an urgent basis. People are facing a wealth of new-age environmental problems every day, some of them are small and affect a few ecosystems, while others are drastically transmuting into severe environmental crises. 28

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Across India, concern is mounting over an ever growing list of environmental problems. Evidence suggests that people are consuming far more natural resources than what the planet can sustainably offer. The wellbeing of humanity, environment and economies ultimately depends on the judicious use of resources. Hence, one needs to work out on a promising strategy, within planetary boundaries, to ensure a brighter and safe tomorrow. Among the uncountable environmental problems that exist, water and air pollution are the gravest of them all. Every year many states in

India like Maharashtra, Rajasthan, Gujarat etc. reel under acute water scarcity. The problem becomes worst in summer when the city faces severe water cuts. This situation gets aggravated as monsoons are becoming less dependent, putting stress on available water resources, which again is highly contaminated. India's struggle with air pollution too is not alien to us. According to WHO, there have been 8 million premature deaths in 2012 because of poor air quality, making air pollution one of the world's single largest environmental health risk. Out of which, 4.3 million deaths could be directly attributed to indoor air pollution. On this World Environment Day, let's begin to take small but impactful steps to make this world a better place for ourselves, our children and for generations to come: n Conserve energy! Turn off the lights and appliances when not in use n Say no to plastic bags when you shop. Use cloth bags instead n Don't keep the tap running while brushing your teeth. This can save you as much as 11 litres every time! n Check for tap leakages. It can save 24 litres of water n Did you know your water purifier could be responsible for wastage of water? For 1 glass of drinking water, RO technology uses 7 glasses of water. Using incorrect purification techniques like RO in places where TDS is below 200ppm could result in the consumption of distilled water which is detrimental to health. Thus it is of prime importance to use the right technology for purification so that all the essential minerals

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present in water are retained Wash your fruits and vegetables in a pan of water instead of running water from the tap. Collect the water you use for rinsing fruits and vegetables, and then reuse it to water plants In order to keep the air fresh within the confines of your house, try installing a good quality air purifier with a high efficiency particulate air filtration (HEPA) filter. This will trap small particles and pollutants, thereby significantly improving the air and therefore the environment Club your work - hit the post office, grocery store and shopping place in one trip. It will save you gas, time and effort We often tend to wash our clothes in machines when there are only handful of dirty laundry. Instead run a machine once you collect a bag full of clothes Most importantly, plant a tree with friends or family on this World Environment Day!

MARZIN SHROFF CEO â&#x20AC;&#x201C; Direct Sales & Sr. Vice President â&#x20AC;&#x201C; Marketing Eureka Forbes Limited

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NEWS

Jagran Pehel & UNICEF

Address Child Marriage in UP

This campaign was conceived due to serious concerns about the violation of child rights as in Uttar Pradesh. Despite several efforts, child marriage is still a matter of great concern.

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agran Pehel and UNICEF office of Uttar Pradesh have entered into a partnership to address the issue of child marriage in the state of Uttar Pradesh. A partnership was signed between the two organizations in Lucknow. This project will be implemented in 6 districts of UP (Lucknow, Varanasi, Kanpur, Gorakhpur, Bareilly and Moradabad) and the project period is June to November 2015. This campaign was conceived due to serious concerns about the violation of child rights as in Uttar Pradesh. Despite several efforts, child marriage is still a matter of great concern. Overall, mean age at marriage has been showing a rising trend in India and Uttar Pradesh in particular. Media plays an important role in shaping society's views and influencing the way people think and behave. Media raises awareness, influences behavior and generates public opinion. The goal of the project is to engage key stakeholders of the society (Media, CSOs and Government) in a meaningful dialogue on child marriage issues, bring the issue to the forefront and thereby reducing crime against children in Uttar Pradesh. The project shall reach 6 districts (Bareilly, Gorakhpur, Kanpur, Moradabad, Varanasi and the state capital of UP, Lucknow). The project has the following major components: n E-Platform for knowledge building and sharing, n info kit for the journalists with information on child marriage and child marriage issues, n Knowledge Building & Sharing amongst the Editorial board & journalists of Dainik Jagran and n Media Tracking. The project aims csrcompetitiveness.org

to sensitize and advocate with key stakeholders on the issue of child marriage so that there is an increased responsive behavior amongst stakeholders in the society who shall take proactive action to address child marriage issues. Upon signing the agreement, Niloufar Pourzand – Chief of Field Office, UNICEF Uttar Pradesh said, “Child Marriage is not only a violation of child rights but it deprives a child of childhood and the opportunity to live joyful life. The project is a positive initiative undertaken by Jagran Pehel and UNICEF is proud to be partner in this campaign”.

The project is an effort to annihilate social evils such as child marriage and it is a matter of great pleasure that UNICEF has agreed to support it. Pehel will also take help from Commission for Protection Child Rights and other important organizations on board which are working in this area.

ANAND MADHAB CEO Jagran Pehel

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NEWS GKN Aerospace Opens

Wing For the Differently Abled

KN Aerospace – India recently opened the GKN Aerospace Wing at Samarthanam Trust for the Disabled – a dedicated space for students with moderate to severe intellectual disabilities where they engage in activities that teach them daily living skills. Samarthanam is a leading NGO working disabled and women. The Wing will be equipped with the necessary aids and appliances, and appropriate infrastructure where they will be provided with need-based therapy and training to enable and encourage independent living. More than 50 students with intellectual disabilities will benefit from the facility. The inauguration of the Wing was on February 19, 2015. GKN Aerospace – India also supported the education of 25 children from Smile Foundation through their Mission Education programme. Mission Education is a national level programme of the Smile Foundation, which is committed to providing basic education and healthcare to underprivileged children. “GKN has proud history of working with the communities in which we operate. We believe building relationships with people in our

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locations is crucial to our success and the sustainability of our operations. We're committed to using our skills, time and money to help these communities.”, Company said in the statement. During the early 1800s, GKN provided schooling for its workforce and their children and access to clean drinking water in the town of Merthyr Tydfil in Wales. Times have changed, but GKN's commitment to supporting the causes and charities that are important to our global community has not, and now, over 200 years on, our hard work continues. GKN operate a Hearts of Gold programme which recognises the contributions to our local communities by groups and individuals from across GKN, whose efforts make a sustainable difference to the lives of people in the communities of which we are a part. GKN Aerospace – India supports various CSR programmes in Bangalore by conducting health checks, food and donation drives, various competitions to motivate and engage children, and participates in fundraising charity events. GKN Aerospace is one of the world's largest independent first tier suppliers to the global aviation industry.

SEBI Freezes Voting Rights of Taparia Promoters As per minimum public holding norms, all private sector listed companies were required to achieve at least 25% public shareholding by June 3, 2013.The promoter group holds 94 per cent stake in Taparia Tools.

aking action against promoters of Taparia Tools for noncompliance of minimum public holding norm, SEBI has ordered freezing of voting rights and all corporate benefits arising out of their excess stake in the company. The market regulator has also prohibited the promoters and directors of the company, from dealing in the shares of Taparia Tools except for meeting the minimum 25% public shareholding limit, till the time of their compliance to this requirement. In a final order SEBI directed “freezing of voting rights and corporate benefits like dividend, rights, bonus shares, split, etc with respect to the excess of proportionate promoter group shareholding in the company, till such time the company complies with the minimum public shareholding requirement”.

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The regulator has also restrained promoter group entities and directors of company from holding any new position as a director in any listed company, till the time the firm complies with the norms. SEBI also warned the company, its promoters and directors, of further penal actions including monetary penalties, prosecution proceedings and restriction in its trading, in the event of continued non-compliance. The company has been asked to present its case before Sebi within 21 days. This order would come into force with immediate effect, Sebi noted. Securities and Exchange Board of India (SEBI) had passed an interim order dated June 4, 2013 against 105 listed companies which did not comply with the minimum public holding norms and put several restrictions on them. CSR&COMPETITIVENESS

NEWS farming on a 24Ă&#x2014;7 basis. It is the first such initiative of a Public Broadcaster to start a 24 hour channel exclusively dedicated to the farmers. Prasar Bharti Chairman, Dr. Surya Prakash stated that the non-Hindi speaking farming community would also be benefitted by the launch of Kisan channel as the various programmes would also be available in other regional languages. The 24Ă&#x2014;7 Kisan Channel will telecast updated information on agriculture and related subject for the benefit of its target audience including cattle rearers, bee keepers, poultry owners, mechanics and craftsmen. This would include information broadcast on the changing

PM Launches DD Kisan â&#x20AC;&#x201C;

India's First TV Channel Dedicated to Farmers The Prime Minister called for farmers to adopt a three-pronged approach to agriculture, which balanced farming, animal husbandry and tree plantation.

he Prime Minister, Narendra Modi, has called for increasing food-grain productivity from 2 tons to 3 tons per hectare. Addressing a gathering of farmers at New Delhi's Vigyan Bhawan on the occasion of the launch of DD Kisan, Doordarshan's channel dedicated exclusively to farmers, the Prime Minister also called for making the 'Tehsil' the unit of agricultural planning and development. The Prime Minister said that if the country has to move forward, villages must progress, and if villages are to progress, then it is essential for agriculture to progress. There was a time when agriculture was the most preferred of professions, but over a period of time, its attractiveness had declined to rock bottom. With the right incentives and actions, this trend could be completely reversed. The Prime Minister said the DD Kisan channel should keep an eye and inform farmers about the changes in weather, global markets etc., so that farmers can plan ahead and take the right decisions well in time.

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The Prime Minister called for reengaging rural youth with agriculture in a big way. DD Kisan channel can also highlight the efforts of progressive farmers, so that their innovations can be replicated across the country. The Prime Minister called for farmers to adopt a three-pronged approach to agriculture, which balanced farming, animal husbandry and tree plantation. Minister for Agriculture, Radhamohan Singh said that it is a golden moment for the farmers as the channel will help in taking new research technologies from 'Lab to the Land' Kisan Channel would facilitate the farmers in providing information regarding the policy initiatives undertaken in the Agriculture sector. Minister of State for I&B, Col. Rajyavardhan Rathore said that it was Prime Minister's vision which had inspired the launch of the Kisan channel. The platform would enable the benefits of technology accruing to the farmers. The channel would inform, educate and update the farmers with the latest developments in the area of

weather condition well in advance, and the low cost measures to protect crops / enhance produce during such conditions. Advice of IMD Scientists and Agricultural Scientists would be broadcast periodically for the farmers so that they may know about the crop diseases, ways to protect crops from various diseases and on how to increase the crop yield. The Channel will give information on newer ways of agricultural practices being followed world over and the R&D in the agri sector across the world. The Channel has tie up with IMD, IARI, Agricultural Universities, Krish Vigyan Kendras etc.

The DD Kisan channel should keep an eye and inform farmers about the changes in weather, global markets etc., so that farmers can plan ahead and take the right decisions well in time.

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Narendra Modi Prime Minister of India

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COVER STORY

Catastrophic Collapse of

Saiga Antelopes in Central Asia

More than 120,000 saiga antelope have been confirmed dead in central Kazakhstan, representing more than a third of the global population.

The Saiga Antelopes of Central Asia is history now. Not a single animal of this species is alive in Central Asia, particularly in Kazakhstan. Preliminary analysis indicates that a combination of environmental and biological factors is has contributed to this catastrophic loss.

he aerial survey conducted as part of the national monitoring programme earlier this year estimated that the Betpak-dala Saiga population numbered approximately 250,000 animals prior to this mass die36

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off, which has therefore halved the total population. This is a major blow for conservation efforts given that saigas have in the past ten years only just started to recover from a global population size of less than 50,000

animals following a 95% crash in numbers. Preliminary analysis indicates that a combination of environmental and biological factors is contributing to this catastrophic event, which has seen four large birth aggregations of this critically endangered antelope eradicated since mid-May this year. Primarily mothers and calves are amongst the carcasses; not a single animal survived in the affected herds. At the request of Kazakhstan, the Secretariat of the Convention on the Conservation of Migratory Species of Wild Animals (CMS) despatched an emergency mission on May 21, 2015 with experts from the Royal Veterinary College in the United Kingdom and the Food and Agriculture Organization to assist on the ground with postmortem examination, analysis and to contribute to the working group. CMS Executive Secretary, Bradnee Chambers said â&#x20AC;&#x153;Authorities in Kazakhstan are responding quickly to this disaster and are working hard to solve the mystery behind this mass saiga die-off. I am pleased that the international expert mission we were able to send, at very short notice, is now contributing to these efforts". According to information received from the members of the CMS expert mission, it is becoming clear that two secondary opportunistic pathogens, specifically Pasteurella and Clostridia, are contributing to the rapid and widespread die-off. However, the hunt for the fundamental drivers of the mass mortality continues since these bacteria are only lethal to an animal if its immune system is already weakened. UNEP/CMS Secretariat Aline KĂźhl-Stenzel has been supporting the expert mission

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remotely from the Convention's headquarters in Bonn, Germany. Kazakhstan has been actively implementing the CMS Memorandum of Understanding concerning Conservation, Restoration and Sustainable Use of the Saiga Antelope (Saiga MOU), not least through establishing new protected areas and anti-poaching patrols. Other partners that have signed the MOU, namely the Frankfurt Zoological Society and the Association for the Conservation of Biodiversity of Kazakhstan (ACBK) have been providing funds, as well as technical and logistical support for the emergency response, including the CMS expert mission. The Saiga Conservation Alliance, another partner of the MOU, has provided scientific input.

This loss is a huge blow for saiga conservation in Kazakhstan and in the world, given that 90% of the global saiga population is found in our country. It is very painful to witness this mass mortality. We established a working group that includes all relevant experts, including international ones, and are determined to identify the causes and undertake all possible efforts to avoid such events in the future.

Erlan Nysynbaev Vice Minister of the Ministry of Agriculture Kazakhstan

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COVER STORY The most severe known case happened in 1984, when about 100,000 (67 per cent) of the saigas died in the Ural population in Kazakhstan. The causes of the previous mass mortality incidents could not be conclusively identified. Since 2010 a series of veterinary training sessions have built capacity within Kazakhstan, which will no doubt improve the post mortem analysis and documentation of the current mass mortality event.

The aerial survey conducted as part of the national monitoring programme earlier this year estimated that the Betpak-dala population numbered approximately 250,000 animals prior to this mass die-off, which has therefore halved the total population. It is likely that final estimates may extend beyond 120,000 dead saigas since the counting of carcasses by emergency response teams is continuing. It is however becoming clear that the mass die-off has come to an end and that several GPS-collared animals are still alive in herds that were not affected by the mortality event. The mass die-off destroys hope that the Betpak-dala population has once again reached a stable level. Population figures for 2014 estimated the size of 38

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this population around 200,000 animals, with perhaps a total of 260,000 saigas in the whole of the range. These numbers will now have to be dramatically revised and conservation action will have to be significantly strengthened as a result.

3rd Mass Mortality Saiga populations do from time to time suffer from mass mortality events. The most severe known case happened in 1984, when about 100,000 (67 per cent) of the saigas died in the Ural population in Kazakhstan. However, the current case is already the third mass mortality episode to have occurred in recent years. In the two other cases, similar symptoms caused the deaths of saigas in the Ural

population in western Kazakhstan in May 2010 and May 2011, claiming the lives of 12,000 and 500 individuals respectively. The causes of the previous mass mortality incidents could not be conclusively identified. Since 2010 a series of veterinary training sessions have built capacity within Kazakhstan, which will no doubt improve the post mortem analysis and documentation of the current mass mortality event. Mass mortality events are not unusual for saiga antelopes, with a case occurring as recently as 2010 with 12,000 dead animals. However, the scale of the current event is unprecedented relative to the total population size. Often these mass mortality events occur in the birth period, when saiga females come

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together in vast herds to all give birth within a peak period of less than one week. “Saiga antelopes often have twins and populations are able to rebound quickly. Our hope is that if we can control what is driving these mass mortality events as well as tackle the number one threat to saigas – wildlife crime and poaching – populations will be able to recover. Collaboration among all stakeholders is vital. Kazakhstan is leading the way and I look forward to the Range States putting in place strong policies at the CMS Saiga meeting,” said Chambers. The third Meeting of Signatories to the CMS Memorandum of Understanding concerning Conservation, Restoration and CSR&COMPETITIVENESS

COVER STORY

Kazakhstan

habitats on a global scale. To date 120 State Parties have ratified the Convention.

Experts are working around the clock to investigate the impacts in terms of wildlife health of the relatively high rainfall observed this spring, the composition of the vegetation and other potential trigger factors including a suite of viruses. None of the data analysed to date indicates that rocket fuel is related to the mass die-off. Fresh laboratory results are becoming available every day.

CMS MOU The CMS Memorandum of Understanding (MOU) on the Conservation of Saiga Antelopes provides an international umbrella for the conservation of this critically endangered species since it came into force in 2006. All five Range States of the saiga antelope have signed the MOU: Kazakhstan, Mongolia, the Russian Federation, Turkmenistan and Uzbekistan. The implementation of the MOU is guided by the Medium-term International Work Programme (MTIWP) 2011 â&#x20AC;&#x201C; 2015. Funds permitting, a Third Meeting of Signatories of the MOU is foreseen for autumn 2015 to discuss the many aspects of saiga conservation including disease management. Sustainable Use of the Saiga Antelope (Saiga MOU) is scheduled for the autumn of 2015. Consumer countries of saiga horn will also be present at the table as well as the CITES Secretariat, to review implementation and adopt an updated work programme, including measures for wildlife health management. The MOU is part of the CMS Central Asian Mammals Initiative (CAMI), a framework for the conservation of large mammals across

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the region, and was adopted by the CMS Conference of the Parties in November 2014. The Convention on the Conservation of Migratory Species of Wild Animals (CMS) aims to conserve terrestrial, aquatic and avian migratory species throughout their range. It is an intergovernmental treaty, concluded under the aegis of the United Nations Environment Programme, concerned with the conservation of wildlife and

Less Funding As per recent report came in April this year, the leading captive breeding centre for Saiga antelopes (Saiga spp.) has lost almost its entire stock of animals as a result of an unidentified disease. The Centre for Wild Animals of Kalmykia in the Russian Federation is known internationally for its contribution to saiga research and conservation, thereby playing an important part in implementing the

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Aline KĂźhl-Stenzel Terrestrial Species Officer

CMS Memorandum of Understanding (MOU) on Saiga Antelopes. From a captive population of more than 90 animals, only four individuals were left in April, 2015, including just one adult male. A drought in 2014 coupled with supplementary feeding may be connected to the mass mortality. This news came at a time when the wild Precaspian saiga population in southern Russia is under heavy pressure from poaching. Due to the catastrophic loss of saiga and a lack of funding the centre was forced to shut its doors to visitors. All scientific research and community outreach activities had been put on hold. However, new initiative Saiga Conservation Alliance was formed for raising fund for conserving this magnificent migratory species. Captive breeding is an important part of the global conservation strategy for saigas, the Medium-Term International Work Programme 2011-2015 under the CMS MOU.

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ENVIRONMENT

Panasonic India Ties with 'The Tree Man' for Greener Tomorrow The gathered dignitaries planted the saplings at the plantation arena on the borderline of water reservoir in Sukhrali villgae and vowed for nurturing and taking extra care of the trees around. The fundamental motto of the entire initiative is to 'Spread awareness, save sparrows and protect environment'

anasonic India on the occasion of World Environment Day partnered with Envirocare Infotain INC, to announce the advent of its tree plantation activities at Sukhrali village in Gurgaon with an objective of giving back to the mother Earth. 'World Environment Day' was observed in unique style and proved to give a kick start to the series of symbolic tree plantation activities planned in the city in the days to come. T.L Satya Prakash, Deputy Commissioner, Gurgaon; Deepak Ramesh Gaur, 'The Tree Man' and Radhika Kalia, Head Corporate Affairs & Sustainability, Panasonic India were present during the function. The gathered dignitaries planted the 42

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saplings at the plantation arena on the borderline of water reservoir in Sukhrali villgae and vowed for nurturing and taking extra care of the trees around. The fundamental motto of the entire initiative is to 'Spread awareness, save sparrows and protect environment'. This extensive effort of plantation is to instill a desire in the hearts of public to save the mother earth and strengthen the ecosystem in order to avoid the extinction of sparrows. As a part of the drive, the plan is to be further executed on June 15, 2015 at HSIDC Auditorium, Udyog Vihar, Gurgaon. The various activities planned include: tree plantation at Leisure Valley Park, Gurgaon; placing earthen

pots for sparrow feeding in massive numbers at RWAs; individual residents, and essay writing competition for school children on 'Sparrows, We & environment'. Also, a seminar on 'we & environment: issues & challenges associated with the same' will be organized with leading environmentalist, intellectuals and green crusaders along with cultural program to promote cause of friendship and humanity via Greenery by Generation Next by Students. Chief Guest of the programme T.L Satya Prakash, Deputy Commissioner, Gurgaon said, "This initiative by Panasonic aptly captures the ethos of a forestation. This step will enable citizens to be responsible towards the earth, environment, habitat, culture and critical resources. They are empowered to adopt ways and methods which are ecologically acceptable and will benefit the society as a whole. The collaborative effort by Panasonic and 'The Tree Man' will help sustain the endangered species like sparrows, and continue the plantation drive to achieve notable output. This will not only result in a transition to more of such tree plantation activities but such initiatives will also make a difference in conserving the valuable resources and species". Deepak Ramesh Gaur 'The Tree Man' said, "As a responsible citizen of this planet, we must act responsibly towards our Mother earth, it's environment, culture and critical resources. I pledge to make Gurgaon the first city in the world to have a tree in every household. I thank T.L Satya Prakash, Deputy Commissioner, Gurgaon for finding time from his busy schedule, to be here with us today. I also appreciate Panasonic's efforts and support in making this initiative a success."

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Panasonic India has been consistently working towards building a sustainable society and has been involved in environmental activities since its inception. The company recognizes the significance of this initiative and we are sure that this drive will be a huge success as it will conserve vital ecosystems and provide security to the endangered species. We are looking forward to the completion of the proposed plan which is expected to bring positive impact on the environment. Panasonic will continue to strengthen efforts towards achieving sustainable development though undertaking various activities across education, health and environment. This particular collaboration with 'The tree Man' also brings Panasonic one step closer to its aim of becoming No.1 Green Innovation Company by 2018. In addition to this, Panasonic is hopeful that this initiative will make a difference in building country's future by increasing environmental awareness amongst kids.

RADHIKA KALIA Head Corporate Affairs & CSR Panasonic India

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NEWS

Coca-Cola Launches

CAF India Launches

Media Fellowship Program Encourage Development Sector Stories

ew Delhi based Charities Aid Foundation (CAF) India, a notfor-profit organization working to make giving more effective and NGOs more successful in India, launched a Media Fellowship Program to encourage writers and journalists highlight development sector stories. The Fellowship shall provide an opportunity for writers to experience the social, economic and cultural life of disadvantaged communities and reflect the status of corporate social responsibility (CSR) projects as perceived by the community and other stakeholders. The Fellowship will support research and writing for the participants who have enrolled in the program. With years of experience in handling philanthropy and community development initiatives for companies, institutions and individuals, CAF India has established itself as pioneers in this field with an aim to ensure greater impact of philanthropic and CSR investments in the society. Tarun Basu, Editor-in-Chief, IANS, said,''This is a welcome step by CAF India. Many stories which are not necessarily breaking news, but are impactful, are usually not given their due. There is a huge gap between the India which is progressing and the other India, which is left to fend for itself. This will encourage the media fraternity to take notice and play an important role.''

Shantanu Sen, a senior broadcast media professional who currently serves as OSD to CEO Prasar Bharti,added,''Private news channels have limitations in their capacity to carry stories on development and social sector, due to the TRP-Ad revenue driven business model. Doordarshan and All India Radio on the other hand, are perfectly positioned as platforms for the dissemination of such narratives. However, the content has to be engaging, innovative and convincing.''

â&#x20AC;&#x2DC;We are confident that this innovative program will have a positive impact on the society by focusing on the issues that need immediate attention. The stories by fellows are expected to create an enabling environment in the area of CSR and sensitize stakeholders on various dimensions of CSR activities and intervention in the country. I thank Give 2 Asia for helping us to start this program which is going to offer an exciting opportunity to all the selected journalists/media specialists.

MEENAKSHI BATRA CEO, CAF India

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World's First PET Plastic Bottle The company estimates the use of PlantBottle packaging since launch has helped save the equivalent annual emissions of more than 315,000 metric tons of carbon dioxide.

ince the 2009 PlantBottle launch, Coke has distributed more than 35 billion bottles in nearly 40 countries using its current version of PlantBottle packaging, made from up to 30 percent plant-based materials. Coca-Cola has produced the world's first PET plastic bottle made entirely from plant materials. PlantBottle packaging is Coke's plant-based alternative to packaging traditionally made from fossil fuels and other nonrenewable materials. PlantBottle packaging uses patented technology that converts natural sugars found in plants into the ingredients for making PET plastic bottles. The packaging looks, functions and recycles like traditional PET. PlantBottle packaging can be used for a variety of packaging sizes and across water, sparkling, juice and tea beverage

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brands. Today, the company uses sugarcane and waste from the sugarcane manufacturing process to create PlantBottle packaging. Since the 2009 PlantBottle launch, Coke has distributed more than 35 billion bottles in nearly 40 countries using its current version of PlantBottle packaging, made from up to 30 percent plant-based materials. The company estimates the use of PlantBottle packaging since launch has helped save the equivalent annual emissions of more than 315,000 metric tons of carbon dioxide. PET, which stands for polyethylene terephthalate, is a form of polyester (just like the clothing fabric). It is extruded or molded into plastic bottles and containers for packaging foods and beverages, personal care products, and many other consumer products. CSR&COMPETITIVENESS

NEWS

Gangavaram Port to

Plant 55000 Saplings

angavaram Port, Visakhapatnam has plan to plant 35,000 saplings in the port area under Green belt programme and 20,000 saplings around the neighborhood area including HB Colony, Yarada hills, Venkannapalem, BC Road , Swatantra nagar and YJunction under Green Visakha program by December 2015. Gangavaram Port, India's deepest and 46

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multi-purpose port celebrated the World Environment Day by initiating a massive Green Belt Development program at the port premises to create awareness and express their commitment towards the environmental sustainability, energy conservation and introduce measure for resource conservation . The event was attended by Palla Srinivasa Rao, MLA, Gajuwaka

Assembly Constituency and Amit Garg I.P.S. Commissioner of Police Visakhapatnam City and officers from A.P. Pollution Control board of Visakhapatnam along with key employees and staff members of Gangavaram Port Limited. All participants pledged to focus on efficient utilization of current resources and maintaining clean & green surroundings for building a better future for Vizag. Apart from sapling plantation at the port premises Gangavaram Port Senior Officials and Employee voluntarily participated in the 'Green Rally' event organized by AP Pollution Control Board, Visakhapatnam. The event was flagged by the Member Secretary, A.P. Pollution Control Board & the Collector & District Magistrate, Visakhapatnam at Rama Krishna Beach. With the depleting regenerative capacity of our planet the theme of this year's World Environment Day is Seven Billion Dreams. One Planet. Consume with Care'. Many of the Earth's ecosystems are nearing critical tipping points of depletion or irreversible change, pushed by high population growth and economic development. In the present scenario there is strong need to focus on resource efficiency and adapting sustainable consumption and production patterns across the world. With an objective to create resources for the future the Green Belt Development program at Gangavaram Port will include planting more than 15,000 saplings in the port area during this week. GPL plans to plant 35,000 saplings in the port area under Green belt programme and 20,000 saplings around the neighborhood area including HB Colony, Yarada hills, Venkannapalem, BC Road , Swatantra nagar and Y- Junction under Green

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Visakha program by December 2015. Under the Green Visakha programme 2014-15 Gangavaram Port Ltd successfully completed the plantation of targeted 30,000 plantations at Gangavaram port and received the appreciation from the Visakhapatnam authorities for timely completion with 98% survival rate.

We are committed towards devising a sustainable solution for creating a green future for our next generation. This year's theme of Seven Billion Dreams, One Planet and Consume with Care encourages people to make both individual and collective decisions to save resources and conserve our environment for future. Gangavaram Port have made significant progress in developing a Green Belt & creating forums for social & economic development. It's our endeavor to preserve our natural surrounding and help Vizag become a green city in the near future.

DT NAIK Director Corporate Affairs Gangavaram Port Limited

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NEWS New Book By Wayne Visser

The book gets to the heart of why the sustainability and CSR movements have failed in the past and offers a new view of how sustainable business practices can shape-shift to make a genuine difference inside and outside organisations.

Sustainable frontiers Unlocking Change Through Business, Leadership and Innovation

Book dispels the myths of sustainability and challenges us to let go of old systems that are failing to deliver economic, social and environmental transformation.

lobally acclaimed CSR Guru, Prof. Wayne Visser has authored a book on Sustainable Business titled 'Sustainable frontiers: Unlocking change through business, leadership and Innovation' which looks about Sustainable Frontiers for a sustainable future. The Book is released by GreenLeaf Publishing. The book presents eight keys to unlocking transformational change â&#x20AC;&#x201C; through leadership, enterprise, innovation, transparency, engagement, responsibility, integration and futurefitness. Far from being another tame review of corporate social responsibility and sustainable business initiatives. Book dispels the myths of sustainability and challenges us to let go of old systems that are failing to

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deliver economic, social and environmental transformation. The book also gets to the heart of why the sustainability and CSR movements have failed in the past and offers a new view of how sustainable business practices can shape-shift to make a genuine difference inside and outside organisations. It gathers together experiences from across the globe and shows to the reader what can be achieved with the right vision and leadership. Expect to be challenged, engaged and inspired to join the revolution on the sustainable frontier. Making a successful transition to a more sustainable future depends on letting go. Sustainable Frontiers shows how we must find ways to let go of an industrial system that has served us

well, but is no longer fit for purpose. How we will need to let go of old styles of leadership and out-dated models of business, high-impact lifestyles and selfish values. How we must learn to let go of cherished ideologies that are causing destruction and beliefs about ways to tackle problems that are failing to resolve crises. If one reaches sustainable frontiers, it must begin with changing our collective minds â&#x20AC;&#x201C; and only then will we change our collective behaviour. How we accomplish such a global mind-shift is the subject of Sustainable Frontiers. And it starts by admitting that those of us at the vanguard of the sustainability revolution also have to change. We will also have to let go of cherished beliefs and strategies that are not working â&#x20AC;&#x201C; starting with the way we communicate our vital, life-saving mission. Wayne Visser has combined a globally-informed big picture approach to transitioning capitalism toward a thriving future, with hundreds of great examples and stories of the transformations taking place at the edges of our mainstream corporate system. The big question, as always, is how fast can that scale in a race between declining natural carrying capacities and rapidly evolving human, social and intellectual capacities for innovation and breakthrough? Visser's 'Creating Integrated Value' concept is a good starting point for one of the most important conversations on

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the planet today. He comprehensively covers the key trends shaping the possibilities emerging for a regenerative economics- for example, net value footprinting, Web 2.0, the role of meaning and purpose, and putting the soul back into work- all form part of his vision of Transformative CSR. A fun and highly informative read.

WAYNE VISSER Director Kaleidoscope Futures

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NEWS

SEBI Fines NDTV For

Financial Awareness Must to Save

Delayed Tax Clearance

Investors From Frauds: SEBI

Market regulator SEBI has imposed a penalty of Rs 2 crore on New Delhi Television Ltd (NDTV) for delayed disclosures to the stock exchanges about a Rs 450-crore tax demand in early 2014. The fine has been slapped for violation of disclosure norms under listing agreement.

EBI has imposed a of Rs 2 crore on New Delhi Television Ltd (NDTV) for delayed disclosures to the stock exchanges about a Rs 450crore tax demand in early 2014. The fine has been slapped for violation of disclosure norms under listing agreement. Market regulator SEBI has imposed a penalty of Rs 2 crore on New Delhi Television Ltd (NDTV) for delayed disclosures to the stock exchanges about a Rs 450-crore tax demand in early 2014. The fine has been slapped for violation of disclosure norms under listing agreement. “A total penalty of Rs 2 crores is imposed upon the notice New Delhi Television Limited which will be commensurate with the violations committed by the noticee” Sebi's Adjudicating Officer Prasad Jagadale said in his 27-page order. The matter relates to a tax demand of Rs 450 crore raised by the Income Tax Department through an assessment order, dated February 21, 2014, issued 50

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by Assessing Officer for the Assessment Year 2009-10. The matter was informed to the BSE and the NSE only in May 2014. A penalty of Rs 25 lakh has been imposed for violation under one section related to disclosure norms and another Rs 1.75 crore fine under the section of the Securities Contracts (Regulation) Act. Sebi noted that as a listed company, NDTV had a responsibility to comply with the disclosure requirements in accordance with the letter, spirit, intention and purpose so that the investors could take a decision whether to buy, sell, or hold its securities. “Non-compliance/delayed compliance with disclosure requirements by a listed company undermines the regulatory objectives and jeopardises the achievement of the underlying policy goals” the order said. In the order, Jagadale also said that the violation by the noticee is a standalone violation and is not repetitive.

arket regulator SEBI is providing free consultation to investors through phone calls in 14 languages on a 24-hour basis where their grievances are resolved. Stressing on an urgent need to spread financial awareness among the people, the Securities and Exchange Board of India Chairman U K Sinha said agents of various money-pooling companies were defrauding the investors and were earning huge commissions. "Financial awareness is a must to safeguard investors from frauds in the markets," Sinha said at an event here to mark the centennial celebrations of Banaras Hindu University and the 75 years of the faculty of commerce in the central university on on June 6, 2015 at Varanasi. "Agents of the money-pooling companies mislead the investors and earn huge commissions from the money invested by the public, which is a fraud on the investors," Mr Sinha said, adding that necessary regulations have been made to check this menace at ground level and 15 states have implemented the same. Besides, market regulator SEBI is providing free consultation to investors through phone calls in 14 languages on a 24-hour basis where their grievances are resolved. "In the last six years, six lakh people have benefitted from this service," the SEBI chief said, adding that the regulator has been able to achieve the

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seventh position globally in terms of investor protection. SEBI is also providing information through its website and help resolve the investors' complaints, Sinha said. The National Stock Exchange was a partner in organising the seminar on 'Economic Empowerment Through Financial Education' along with SEBI and Banaras Hindu University (BHU). Sinha also asked investors to exercise caution while investing and asked them to choose the right intermediary and the right products to invest in. BHU vice chancellor G C Tripathi said India's capital markets were still away from the common man and there was an urgent need to connect them through a national awareness programme.

Our aim is to reach out to investors to inculcate a disciplined approach to investing,so that they can understand financial planning better and work towards a sound financial future.

CHITRA RAMAKRISHNA NSE managing director

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NEWS agenda, companies such as Vodafone, Infosys, Godrej Group and Godrej Nature's Basket are all geared up for this specific day. Vodafone India along with GrowTrees.com, has launched a novel private initiative to benefit the wildlife corridor between Kanha-Pench wildlife reserves by planting 3,00,000 trees over 3 years. The tree planting activities will be spread out over 100 hectares of forest land between the two reserves. As a part of this project, Vodafone India and Grow-Trees.com planted 100,000 trees last year. Planting of additional 100,000 trees for this year will commence in July.

Vodafone India to Start

Planting 1 Lac Tress from July

Infosys Infosys is conducting various initiatives across their different development centers (DC) thus engaging their employees on 'World Environment Day. At the Pune DC, the company is setting up of eco stalls for smartbin and jute bag, displaying electric vehicles and screening 'Home, Planet Earth' movie. Furthermore, in association with the Department of Forest, the Mysore DC has facilitated a platform where employees can register places where the Govt. body will plant saplings.

Vodafone India along with Grow-Trees.com, has launched a novel initiative to benefit the wildlife corridor between Kanha-Pench wildlife reserves by planting 3,00,000 trees over 3 years. The tree planting activities will be spread out over 100 hectares of forest land between the two reserves. As a part of this project, Vodafone India and Grow-Trees.com planted 100,000 trees last year. Planting of additional 100,000 trees for this year will commence in July.a

t the onset of the 'World Environment Day' India Inc is all set to go live with their initiatives that contribute positively to environment conservation. From growing trees, displaying electrical vehicles to encouraging the use of organic food, the corporates are doing it all.

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Godrej

world Environment Day 2015Today, companies are looking at various ways to mitigate the problems arising out of changing environment and are rigorously working towards saving the planet. Making sustainability their top priority, India Inc is certainly treading the eco friendly route. Focusing on the 'Environment Day'

Godrej have articulated its commitment towards building a more inclusive and greener India â&#x20AC;&#x201C; Godrej Good & Green. By 2020, the company aspire to build 'Greener India' through achieving zero waste, carbon neutrality and a positive water balance, while reducing specific energy consumption and optimising the use of renewable energy.

Godrej Nature's Basket

an exciting range of organic food that is available at their stores. From exotic vegetables, fruit juices, pulses, spices to snacks, Nature's Basket has everything to cater to your taste buds. Switch to a healthier lifestyle by moving to healthy food alternatives like quinoa, flax seeds, ragi flour, whole wheat atta, amla bars, brown chana, wheat dhaliya and others.

World Environment Day World Environment Day is the United Nations' principal vehicle for encouraging worldwide awareness and action for the environment. Over the years it has grown to be a broad, global platform for public outreach that is widely celebrated by stakeholders in over 100 countries. It also serves as the 'people's day' for doing something positive for the environment, galvanizing individual actions into a collective power that generates an exponential positive impact on the planet. The theme of this year is 'Seven Billion Dreams. One Planet. Consume with Care' The well-being of humanity, the environment, and the functioning of the economy, ultimately depend upon the responsible management of the planet's natural resources. Many of the Earth's ecosystems are nearing critical tipping points of depletion or irreversible change, pushed by high population growth and economic development. By 2050, if current consumption and production patterns remain the same and with a rising population expected to reach 9.6 billion, we will need three planets to sustain our ways of living and consumption.

Godrej Nature's Basket has introduced

csrcompetitiveness.org

CSR&COMPETITIVENESS

NEWS the National Rural Health Mission in 2005 helped to facilitate safe deliveries by training auxiliary nurse midwives and other trained birth attendants who work at the village level. Polio eradication in India had acted as a model to follow for health workers. “Since 2012, the Government of India

India declared Free of

Maternal and Neonatal Tetanus

n yet another major achievement, India has been declared free of maternal and neonatal Tetanus. Calling it a 'significant public health milestone' the World Health Organization (WHO) congratulated Indian health workers for achieving the feat which comes almost a year after the country eliminated the scourge of polio. India was finally declared free of

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maternal and neonatal tetanus on May 15, 2015. WHO Deputy Regional Director for South East Asia Poonam Khetrapal Singh said Nagaland was the last Indian state to achieve maternal and neonatal tetanus elimination. In 1990 neonatal tetanus accounted for almost 80,000 deaths. India was finally declared free of maternal and neonatal tetanus on May 15, 2015. Poonam Khetrawal said the launch of

has been applying the best practices of polio eradication for routine immunization strengthening, focusing on areas with low immunization coverage,” she added. In 1983 the Indian government introduced two doses of tetanus toxoid vaccine to all pregnant women during each pregnancy as nationwide expanded programme on immunization. But in 1990 neonatal tetanus still

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accounted for almost 80,000 deaths, said UNICEF. But Poonam pointed out that in 2013 and 2014 fewer than 500 cases were reported. New Delhi's All India Institute of Medical Sciences (AIIMS) neonatology professor Dr Vinod Paul expressed happiness over the achievement and added that he was proud that India had eliminated a disease that was at one point of time responsible for almost 15% of neonatal deaths in the country. “This is truly a huge goal because at one point in time there were tens of thousands of deaths due to maternal and neonatal tetanus,” he said. He cited three reasons why he believed India had achieved the goal. “First and foremost, maternal tetanus immunisation rates have gone up. They are not universal, but they are very high,” he said. “Secondly, we introduced cash incentives for institutional deliveries; and lastly, delivery kits that reduce contamination along with safe umbilical cord practices have been important. In the last seven years, facility births have increased, even in rural India. We have moved from homes where deliveries are unhygienic to facility births where we are dealing with nurses and doctors where there are greater chances of better care and practices,” he added. The elimination of neonatal tetanus is defined as less than one case in 1000 live births in every district across the country, said the WHO. The disease usually occurs in newborns through infection of the unhealed umbilical stump, especially when the stump is cut with a non-sterile instrument. Maternal tetanus is considered eliminated once neonatal tetanus elimination has been achieved. WHO had on March 27, 2014 officially declared India 'Polio Free'.

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NEWS The MoU is signed with the objective to involve youth in awareness creation, public outreach activities, afforestation drive for medicinal plants and native tree species, promoting sanitation and construction of toilets in rural and urban areas, educating people for tackling pious refuse entering into the river, removal of floating solid waste, promotion of Bio Agriculture & clean village.

Clean Ganga Mission MoU Signed

ational Mission for Clean Ganga (NMCG) and Nehru Yuva Kendra Sangathan (NYKS) have signed a 5-year Memorandum of Understanding (MoU) in presence of Uma Bharti, Union Water Resources, River Development and Ganga Rejuvenation Minister and established a long-term partnership for the involvement of youth in the abatement of pollution and

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conservation of the river Ganga. The MoU is signed with the objective to involve youth in awareness creation, public outreach activities, afforestation drive for medicinal plants and native tree species, promoting sanitation and construction of toilets in rural and urban areas, educating people for tackling pious refuse entering into the river, removal of floating solid waste, promotion of Bio Agriculture & clean

village. Welcoming the MoU Uma Bharti said this is a historic occasion to foster Ganga cleaning by way of involving the youth of this country. She said under this partnership the youth volunteers from Nehru Yuva Kendra will plant different kinds of saplings of medicinal plants, trees and fodder crops right from Gangotri upto Ganga Sagar. For this purpose a volunteer corp will also be established. The volunteers will also work for the cleanness of Ganga. The Minister expressed hope that this MoU will go a long way to create awareness about the importance of sanctity of our rivers. National Mission for Clean Ganga is an autonomous society of Ministry of Water Resources, River Development & Ganga Rejuvenation for the implementation of the projects under National Ganga River Basin Authority (NGRBA). NMCG is the planning financing, monitoring and coordinating body at the Centre and being supported by suitable State level Programme management groups (SPMGs) for the purpose of achieving the twin objectives of NGRBA â&#x20AC;&#x201C; effective abatement of pollution and conservation of the river Ganga by adopting a comprehensive river basin approach. For this purpose, NMCG is empowered to take all necessary actions that may be necessary or

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incidental for the achievement of the objectives. Nehru Yuva Kendra Sangathan (NYKS) is an autonomous organization under the Government of India, Ministry of Youth Affairs and Sports, to oversee working of the Nehru Yuva Kendras. Nehru Yuva Kendras were established in the year 1972 with the objective of providing rural youth avenues to take part in the process of nation building as well providing opportunities for the development of their personality and skills. NYKS is the largest grassroots level voluntary organization; one of its kind in the world. It channelizes the power of youth who are in the age group of 1335 years on the principles of voluntarism, self-help and community participation. The core strength of NYKS is a network of 2.95 Lakh village level Youth Clubs across India with an enrolment of about 8.35 million volunteers in the age group of 13-35 years. Taking leverage from the strong network of youths of NYKS across India, National Mission for Clean Ganga seek its support to implement activities at local level that will encourage public participation and additionally, assist in restoring the health of Ganga river.

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NEWS

Vedanta invested

Rs 361 crore for Environment Sustainability, Planted 7 Lakh Trees Vedanta Limited, a global diversified natural resources company, invested Rs 361 crore towards environment sustainability projects across its global business locations in FY 2015. Additionally, in line with its World Environment Day planted 7.12 lakh trees in India in FY 2015. Importantly, Vedanta is also one of the first companies in India to adopt the Integrated Biodiversity Assessment Tool and has an integrated biodiversity action plan across its sites.

edanta Limited, a global diversified natural resources company, invested Rs 361 crore towards environment sustainability projects across its global business locations in FY 2015. Additionally, in line with its World Environment Day theme of: Seven Billion Dreams. One Planet. Consume with Care â&#x20AC;&#x201C; the diversified natural resources company planted 7.12 lakh trees in India in FY 2015. Importantly, Vedanta is also one of the first companies in India to adopt the Integrated Biodiversity Assessment Tool and has an integrated biodiversity action plan across its sites. â&#x20AC;&#x153;At Vedanta, we recognize the

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importance of sustainable communities for the benefit of future generations. We understand that a sustainable community is one that is economically, environmentally, and socially healthy, safe and resilient. It is with this objective, that we at Vedanta have undertaken a set of unique sustainability initiatives across all our locations to engage with local communities in which we operate. We hope to co-create a model of sustainable community living for others to replicate and will soon be implementing the CII's biodiversity Indian Business Biodiversity Initiativeâ&#x20AC;? said Roma Balwani, President, Group Sustainability & CSR, Vedanta.

Vedanta had celebrated World Environment Day across its operations. In Rajasthan, group company Cairn India Limited supported a 5-km 'Run for Environment' and a cycle rally in which thousands of students, NCC Cadets, army personnel, policemen, activists and sports persons participated. Rajasthan State's Forest, Environment and Petroleum Minister Rajkumar Rinwa was the Chief Guest at the event and member Secretary of the Rajasthan State Pollution Control Board K C A Arun Prasad and OP Meena -Additional Chief Secretary- Environment and Forest were among the key dignitaries. To create awareness about the biodiversity, Cairn India also conducted 'Nature walk' in the 'Mangar Bani' forest area in the outskirts of Gurgaon over the weekend. The company's 'Go Green' initiatives extended to a tree plantation drive at the corporate office and across its assets. Hindustan Zinc Limited, another group company in Rajasthan, distributed 2200 cloth bags amongst shopkeepers under the awareness campaign 'Say No to Polythene'in Rajasthan. It also conducted various competitions and held a vehicular emission monitoring camp at Dariba and Kayad where 135 were decked at Dariba and 130 vehicles were checked at Kayad. In Chhattisgarh, over 200 saplings were planted on World Environment Day, kick starting a plantation drive aiming at 1.6 lakh trees, by Vedanta's BALCO. The company organized awareness programmes for the community, which included competitions for children and the employees. In Goa, Vedanta's Iron Ore business organized various competitions on

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'wealth from waste' based on this year's Word Environment Day theme 'Seven Billion Dreams. One Planet Consume with Care. Other activities included planting saplings and conducting a solid waste management awareness drive at the Bicholim Mine, conducting cleanliness drives, awareness drives for school students through mine visit programmes and distribution of solar lanterns to tribal community in Codli. In Tamil Nadu, Vedanta's company MALCO Energy Limited planted 400 saplings in its township, with 285 members from the community and the company's operations, along with conducting awareness programmes through competitions. Vedanta's company, Sterlite Copper initiated a week long plantation drive, with planting 200 saplings at various villages in Tuticorin and conveyed the message of 'Consume with Care' as a responsibility towards environment. In Punjab, Vedanta's company Talwandi Sabo Power Limited organized the planting of over 250 saplings, and distributed jute bags, which are 100% biodegradable, to the community. In Odisha, the members of Vedanta's Lanjigarh business unit planted 300 saplings in their township and 200 saplings in villages, Nangalbeda and Goipeta. In Jharsuguda, over 1000 saplings were planted and efforts have been made to extend this drive through planting more than 5000 saplings in the month of June this year. With the slogan of 'One Child. One Plant' more than 500 trees were planted by the children in Vedanta's township. To ban plastic use in Vedanta's township, a rally, 'Say No to Plastics' at Vedanta Meadows was organised, with Vedanta's staff and family members, with cloth bags distributed to the shopkeepers.

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AWARDS

Nominations Invited for Prestigious

IndiaCSR Awards 2015 INDIACSR Community Initiative Awards (Based on Case Studies) is a milestone and an iconic event that acknowledges the unique and extraordinary contributions in the Corporate Social Responsibility (CSR) domain. This is a premium honour that recognizes the most admired and outstanding CSR initiatives and ventures in India.

CSR

Community Initiative

Awards 2015

Recognizing CSR Best Practices

Kindly visit www.awards.indiacsr.in for detail.

n its endeavour to promote reporting and communication in the CSR domain, IndiaCSR, India’s largest Corporate Sustainability & Responsibility (CSR) news portal, is organizing a one of its kind national level CSR case study writing competition to recognize and honour best CSR initiatives taken up for the development of the society. CSR & COMPETITIVENESS (a leading CSR magazine) is the knowledge partner of the initiative.

Why it is So Special The Case Study Awards recognizes your particular CSR Program in India. The only case study award, which has a carefully defined and transparent selection criteria and is determined by a high elaborate and independent assessment process. The award builds 60

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your Brand Equity and worldwide reorganization. Award winners are eligible to use the Awards Logo on all promotional literature. Preparation for award application helps to inspire and align the entire workforce and rapidly accelerates the Pace of System Improvement. Even if you don’t win the award, the Preparation & Feedback helps your strategic learning process to put you, on your way to achieving world class status. The overall objective of this initiative to give higher visibility to excellent practices in the field of CSR and to share such practices across the India, so encourage more enterprises to cooperate with their stakeholders to better meet their social responsibility. INDIACSR Community Initiative

Awards (Based on Case Studies) is a milestone and an iconic event that acknowledges the unique and extraordinary contributions in the Corporate Social Responsibility (CSR) domain. This is a premium honour that recognizes the most admired and outstanding CSR initiatives and ventures in India. The awards acknowledge the noble contributions in the CSR domain that are raising benchmarks by bringing radical and transformative change in the development arena through innovation and excellence. The aim of the INDIACSR Community Initiative Awards is to recognize the best CSR and innovative projects, and in doing so they help translate best practices into concrete action on the ground. The awards encourage the organizations (regardless of their size) on social projects or programmes and increase the recognition of Corporate Social Responsibility (CSR) principles in their operations.

Categories The INDIACSR Community Initiative Awards, in 21 categories, is open to all companies and organizations registered in India that engage in social responsibility. The Awards are open for nomination by all companies, corporate funded foundations and partnerships operating in India. If you have made incredible achievements and have actualized CSR in true sense, then the award and recognition is made just for you. The bell is ringing at your door, to join the prestigious INDIACSR Community Initiative Awards and get yourself recognized at the national and international level through the IndiaCSR.in (India’s largest CSR news network) and CSR & COMPETITIVENESS (a leading CSR

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magazine), and to share the limelight with some of the leaders in CSR domain and business success.

Need of Case Studies There are some excellent initiatives being undertaken by some of the major companies or industry units. These compare well with those of the best in other parts of the country. While there is need to compliment and reward those who are actively CSR savvy, there is greater need to inculcate confidence in the society that the company does not only care for business but also believes in the exaltation, empowerment and amelioration of the society around it.

Book on good CSR Case Studies The case studies after due review will be selected for publication also and they need to strictly comply with the format provided. They will be published in the form of Edited Book. The book shall be made available to the international readers/ corporate/ CSR researchers/Academia. The publication will take your activities to the masses and your desired audience. The abstracts of published cases will also be published on various websites, print magazines and databases too.

Important Links Expression of interest can be sent to: Rusen Kumar Mobile: 9981099555 Email : indiacsrcasestudy@gmail.com

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INTERVIEW BY RUSEN KUMAR

We Utilize the Development Funds to the Maximum

MR Kamalnga Energy Limited (GKEL), an SPV of GMR Energy Limited, which operates 1050 MW (3X350 MW) coalbased thermal power plant located at Kamalanga Village in Dhenkanal District of Odisha. GKEL is making substantial efforts so that the quality of life of individuals in neighbouring communities is enriched by its transformational business, health care, livelihood and women empowerment focused CSR interventions. Here are experts what R Raveendranathan Nair, Director & Chief Operating Officer, GKEL, says about his company’s Corporate Social Responsibility initiatives at its project area. You have spent a substantial amount on CSR activities looking at the size of your project? What kind of activity you are doing at your project area? Yes, you are correct. We have spent a good amount for establishing infrastructure development works for community. We have been working consistently with the communities in the nine villages. We started CSR activities in early 2007 in Dhenkanal’s Mangalpur Panchayat to enhance the quality of life of people dwelling in GKEL neighborhoods. Our focus areas are education, health care, livelihood and women empowerment. We have well experienced strong CSR team working for communities and all works are supervised by me directly. How do you involve the project affected people in CSR decision

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making process? We conduct needs assessment in the community before the start of financial year. Based on the community needs we formulate CSR programs, and in the implementation, people, community institutions share responsibility and programs are executed to achieve the objectives. We try to ensure that there is a convergence with government schemes. In that way we utilize the development funds to the maximum. You have set up a good Hospital and DAV Public School at Kamalanga. What is the objective for setting up such type of infrastructure in a remote village? Are land loser children getting any benefit from DAV School? We have set up a state-of art Hospital and a DAV Public School at our Township near Kamalanga Village. Besides this, we have set up an Accidental Care Unit at Dhenkanal Government Hospital. Our objective is not only to set up a good power plant, but also to provide better health services and quality education to local community. We are providing fee concession for land loser children and other facilities also. Our aim is to make this school a better one in this region. You have distributed health insurance policy to land losers. What kind of benefit they will get from this? We have distributed health insurance policies to 2,264 members of the local community of Mangalpur Panchayat

belonging to land loser families. By doing so, GKEL became the first corporate house in Odisha to offer health insurance policies to land losers and ensure their health security as part of its CSR activities. The ‘Gramin Suswasthya Micro Insurance Policy’ offered by GKEL secures each policy holder family to the extent of Rs. 30,000 for medical treatment during hospitalization and up to Rs 1,25,000 in case the head of the family dies in accident. How have you improved quality of education in Government Schools? We have undertaken many initiatives to promote quality education in Mangalpur Panchayat. For instance, we have installed three Kidsmart Center in collaboration with IBM, which provide opportunity to students to learn by using technology enabled learning resources. Eleven teaching volunteers have been provided to Govt. Primary Schools where student and teacher ratio is low. Two High school, eight primary and U.P school, 16 Anganwadi centres are being supported to provide quality education. You are promoting agriculture based livelihood activities at the project area. Can you elaborate few livelihoods interventions? Yes, through this we want to ensure harmonious co-existence of industry and agriculture. We are providing support including training to the farmers for agriculture activities. People are harvesting well including paddy and groundnuts. This year 60 farmers adopted SRI (System of Rice Intensification) method in paddy cultivation. They received about Rs 2000 extra income per acre of land. Fish farming promoted in individual’s as well as community ponds by which more than 100 fish farmers harvested about Rs 5000-6000

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per pond. More than 500 acre of area covered under groundnut through which farmers got about Rs 4000 profit per acre of land. Three tailoring centres benefitted more than 100 girls by means of providing skill building training and marketing support. Some of the trained girls provided with sewing machine, which helps them to earn Rs 2500-300 per month. How would you define CSR as? I believe that CSR should not be used as risk mitigation instrument rather a moral responsibility of corporate houses to solve India’s societal problems and has to be embedded in core values and principles of the company.

I believe that CSR should not be used as risk mitigation instrument rather a moral responsibility of corporate houses to solve India’s societal problems and has to be embedded in core values and principles of the company.

R RAVEENDRANATHAN NAIR Director & Chief Operating Officer GMR Kamalnga Energy CSR&COMPETITIVENESS

NEWS Tata Steel to Put Rs 135 crore to Open 30 Model Schools in Odisha Tata Steel has a detailed plan to improve school education facilities and infrastructure in state of Odisha and it committed to open model Schools at block level. This initiative of the steel major is part of the grand plan of Government of Odisha for setting up such Model Schools in each Block of the State. Jamshedpur Utilities and Services Company (JUSCO), a Tata Steel subsidiary company, will be responsible for the construction of the schools. After completion of the construction, the schools will be handed over to the State Government. “We are committed to construct 30 model schools in 30 blocks across the state at a cost of around Rs 135 crore. The other 4 model schools of Ganjam district will be constructed at Aska, Bhanjanagar, Buguda and Bellaguntha blocks.”, Tata Steel said in a statement today. Tata Steel will construct first 5 model schools in Ganjam district to help upgrade education infrastructure of the district. To be built on 9 acres of land, the school at Jagannathprasad will include a two storey school building of 24,500 square feet built up area. Along with the building, Tata Steel will also provide the required furniture to the school. The foundation stone of one of the school was laid today at Jamogorada village of Gandadhar panchayat in Jagannathprasad block of the district by Sj Bikram Keshari Arukha, Minister, Forest & Environment and Parliamentary Affairs, Government of

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Odisha, Smt. Pratyusha Rajeswari Singh, MP, Kandhamal in presence of Sj. Arun Misra, Vice President, Gopalpur Project and Managing Director, Tata Steel SEZ. Among others present during the ceremony were Sj. Manikanta Naik, Chief Resident Executive, Tata Steel, Sj Sanjeev Jha, EIC, JUSCO, along with other officials of district administration, JUSCO, Tata Steel and local villagers.

Zuari Superlite becomes First 'GreenPro' Product Zuari's Superlite AAC concrete block has earned the unique distinction of becoming CII's first certified Green Product 'GreenPro' Providing a major impetus to the Green Business movement in the country, this is seen as a major milestone in CII's mission to facilitate India emerge as one of the global leaders in Green Business. This demonstrates how products can play a catalytic role in addressing the process to facilitate a greener and healthier India. The features include 70 per cent of flyash brick-one the highest in industry, thermal needs met through renewable energy sources, better thermal performance and reduction in water consumption. Green Pro Certification will help manufacturers to position their products as being green and eco-friendly. ParasuRaman R, Chairman, Green Products & Services Council & Founding Chairman, IGBC, presented the GreenPro plaque and certificate to Giovanni Battista Ferrario, Chief Operating Officer, Italcementi Group, at Bengaluru. ParasuRaman said “The day is not far, when consumers will only demand green products & technologies”.

CSR is becoming Synonymous With Saving Nature Corporate Social Responsibility is now becoming synonymous with saving the environment and society as a whole, said Venkatrama Raja, Vice Chairman, Ramco Systems at the Rotary Club of Madras East Corporate Citizen Award on June 10. “CSR was spoken about by Thiruvalluvar 2000 years ago as a means of doing good unto others, and now corporates are waking up to the concept, where helping marginalized people will help bring in social capital which is now required for companies growth in this modern age” said PC Doraisamy, Founder of Sakthi Masala and recipient of the Corporate Citizen Award this year. Doraisamy credited his enduring success to the simple business practices and honesty that has kept the company on top in competitive times, The award was presented by Venkatrama Raju in the presence of CK Ranganathan and President of Rotary Club of Madras East VGP Ravidas. CK Ranganathan of Cavin Kare wished Doraisamy well on his success.

JSPL Barbil Felicitated with State Safety Awards Jindal Steel & Power Ltd (JSPL), Barbil unit has won three awards in State Safety Awards for 2011, 2012 and 2013 organised by Directorate of Factories & Boilers, Government of Odisha. The Company has been given 3rd Award in the category of Government Award for Factories who worked more

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than 25 Lakh man-hours during the year 2013 and Best Environment Management Award sponsored by National Safety Council, Odisha Chapter. VCS Rao, Vice-President and Hercules Jena, AGM (Safety) received the Award from Minister for Steel & Mines and Labour Prafulla Mallick, Principal Secretary Labour and Employee’ State Insurance G Srinivas, and Labour Commissioner Shalini Pandit on June 11, 2015 at Bhubaneswar. Hercules Jena, AGM (Safety) has won the Best Safety Officer Award, sponsored by National Safety Council, Odisha Chapter. “At JSPL, Barbil we follow the best safety norms and continuously take up safety awareness drive to save lives of our employees, fellow workmen and their families” said T S Shanbhogue, EVP and Unit Head, JSPL, Barbil.

World Blood Donor Day: Wockhardt Foundation Organizes Blood Donation Drive Marking the occasion of the ‘World Blood Donor Day’ observed every year on June 14, worldwide, Wochardt Foundation partnered with BSES MG Hospital of the Brahma Kumaris’, to organize ablood donation camp at Wockhardt Towers . The drive was been a huge success in providing an opportunity to save lives and spread the smile. Dr. HUZ (Dr. Huzaifa Khorakiwala), Trustee and CEO, Wockhardt Foundation said “According to a 2012 report by the World Health Organisation, India faces a shortage of 3 million blood units per year. The unmet medical need in the country is

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NEWS high. With this initiative we aim to promote the message of helping the under underprivileged people cannot afford basic medical treatment. Marking the occasion of World Blood Donor Day through this initiative we will help people in need of blood transfusion” This noble cause will also enable Wockhardt Foundation and BSES MG Hospital to make blood available for children suffering from thalassemia, cancer patients, surgeries, accident cases and other medical emergencies.

Indospace Felicitated with CII Supply Chain and Logistics Excellence Award IndoSpace, the leading developer of modern industrial and logistics real estate in India has received the CII Supply Chain and Logistics Excellence (SCALE) award for 2014. The CII SCALE awards recognize and honour outstanding performance, success, and innovation in supply chain and logistics. IndoSpace was honoured for being the best infrastructure facility provider to the logistics industry for 2014. IndoSpace owns and operates sixteen industrial and logistics parks in five industrial hubs, making them the largest industrial and logistics real estate developer in India. In 2014-15, IndoSpace leased over 2 million SF of industrial and logistics real estate space to marquee tenants from sectors including 3PL, automotive, FMCG and electronics. IndoSpace’s commitment to world-class quality and service to their clients, has earned them the reputation of being the best in the industry. Brian Oravec, Managing Partner &

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CEO, IndoSpace said “We are honoured to receive the CII SCALE award. This is a huge recognition of our efforts to modernize India’s logistics infrastructure. The award recognizes our significant achievements and we look forward to continue providing world class logistics parks and excellent service to our customers” The award was organized by CII through its Institute of Logistics at ITC Grand Chola, Chennai and had received 150 nominations in various categories.

to corner shares meant for the retail investors. The Sebi investigation into the IPO demat scam had found that Khandwala provided finance to various operators to make applications in the retail category of these initial share sale programmes. Upon allotment of shares in these IPOs the operators subsequently transferred these shares and corresponding refunds to Khandwala who in turn disposed of the said shares and made an unlawful gain.

10-year old IPO scam: SEBI to begin Fresh investigation

Global Assessment Study: SEBI & RBI better than Peers in China and US

Markets regulator SEBI will reinvestigate a nearly 10-year-old case of alleged IPO-related irregularities by some operators as ‘inconsistencies’ have come to the fore in its earlier order. The regulator will re-investigate the matter pertaining to Jayesh P Khandwala, proprietor of Zealous Trading Company, its role in IPOs of IDFC, Sasken and Suzlon, its alleged direct or indirect transactions, relations with other entities and the alleged gains made by him. The matter first came to light in 2005. The Securities and Exchange Board of India (Sebi) has decided to reinvestigate the matter as ‘inconsistencies’ have been found in the case. “..it is appropriate that Sebi look into these objections/inconsistencies and relationships among various players in a fresh investigation” Sebi Whole Time Member Prashant Saran said in his order. Earlier, Sebi had prima facie found that Khandwala had made unlawful gains in the IPO demat scam. Thousands of fictitious demat accounts were created

India’s financial market regulatory framework has got the top-most ratings from the global bodies of banking and capital market regulators, with RBI and SEBI being rated better than their peers in China and the US. In the latest global ‘assessment study’ of the regulatory framework for financial market infrastructures across the world, only six countries, including India, have got the highest score of 4 for all eight parameters on a scale of one to four.The other five countries are Australia, Brazil, Hong Kong, Japan and Singapore. The ‘Rating Level 4' means that RBI and Sebi have all regulatory measures ‘fully in force’ The annual assessment studies the implementation status of the international Principles for Financial Mar ket Infrastructure (PFMIs) in various countries These PFMIs work as global standards for the financial sector entities across the world and have been finalised by the International Organisation of Securities

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Commissions (IOSCO) and the Bank for Interna tional Settlements (BIS). IOSCO is a global grouping of capital markets regulators in different countries, including Sebi, while BIS is known as the central bank for all central banks across the world. The study showed that Sebi and RBI have put in place all necessary.

PM Reviews Progress of ‘Swachh Bharat Mission’ The Prime Minister, Narendra Modi, today reviewed the progress of the Swachh Bharat Mission at a high-level meeting comprising top officers of the Ministries of Urban Development, Drinking Water Supply and Sanitation, NITI Aayog and PMO. The Prime Minister was briefed on the progress towards toilet construction in all States. After comprehensively reviewing the situation, the Prime Minister directed concerned officers to specially coordinate with States which are lagging in toilet construction. Reviewing the Namaami Gange programme, he further directed that construction of toilets in habitations on the banks of the River Ganga should receive the highest priority. Reviewing efforts at generating awareness and attitudinal change towards cleanliness, the Prime Minister said spiritual leaders should be associated with such efforts, especially during major congregational events such as the Jagannath Yatra and the Kumbh Mela. He said motivational incentives such as awards should also be instituted through official channels. In rural areas, the Prime Minister suggested quiz competitions among students to promote awareness.

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