India pledges to give $13.5 million for UN development

News Network
November 15, 2019

United Nations, Nov 15: India has pledged to contribute USD 13.5 million for various operational activities of development across the UN agencies for the year 2020.

Counsellor at India's Permanent Mission to the UN Anjani Kumar announced India's pledges at the UN General Assembly Pledging Conference for Development Activities.

Kumar said India's pledges of contributions for operational activities of development for the year 2020 is to the tune of USD 13.5 million, in line with the country's long-standing tradition of supporting development activities across the UN system.

Outlining contributions to the various UN agencies, Kumar said on Wednesday that India will contribute USD 5 million to the UN Relief and Works Agency for Palestine Refugees in the Near East, USD 4.5 million to the UN Development Programme.

The World Food Programme will get USD 1.92 million, USD 900,000 to the UN Children's Fund, USD 500,000 to the UN Population Fund, USD 200,000 dollars to the UN Voluntary Fund for Technical Co-operation and USD 150,000 dollars to the UN Commission on Human Settlements Programme.

India will also be contributing USD 100,000 each to the UN Voluntary contribution for Financial and Technical Assistance for the implementation of Universal Periodic Review, UN Environment Programme and UN Office on Drugs and Crime.

Kumar noted that India would be undertaking further commitments to other entities over the course of time.

"India has been a regular contributor to the UN since its inception. India believes that the UN should have the necessary resources to finance its activities, in an appropriate and balanced manner," he said.

Kumar, however, pointed out that sustainable and predictable funding remains the key challenge in achieving the 2030 Development Agenda.

He added that the Official Development Assistance as a percentage of Gross National Income remains low; commitment to Least Developed Countries is far from being met by most of Development Assistance Committee members and financing for small island developing states and country programmable aid continues to decline.

Around USD 50 billion are channelised every year through the UN System, but around 65 per cent of these resources are earmarked and as a result, less than 35 per cent of the resources are utilised for development and technical cooperation, he said.

Highlighting India's leadership towards development activities and initiatives at the UN, Kumar said India, in association with the UN Office for South-South Cooperation, established the India-UN Development Partnership Fund in 2017 under which USD 150 million have been committed for development assistance over the next decade for need-based developmental projects.

"In the spirit of sustained and predictable funding for the SDGs and South-South Cooperation, the funds under the India-UN development Partnership are non-earmarked," he said, adding that since its establishment, more than 35 member states from Africa, Latin America and the Caribbean and, Asia and the Pacific regions have partnered with the India-UN Development Partnership Fund.

Kumar told the pledging conference that India is also engaging with the global South more than ever before and the country's historic relations with Caribbean nations witnessed a new momentum with the meeting of Prime Minister Narendra Modi and 14 leaders of the Caribbean Community and Common Market (CARICOM) group of countries on sidelines of the high-level General Assembly session in September.

Modi had announced a 14 million dollar grant for community development projects in the CARICOM and another 150 million dollar Line of Credit for solar, renewable energy and climate-change-related projects.

Taking forward India’s close partnership with the Pacific Islands Developing States (PSIDS), the India-PSIDS Leaders' Meeting was also held on the sidelines of the General Assembly and Modi had announced allocation of 12 million dollars grant (one million dollars to each PSIDS) towards implementation of high impact developmental projects in an area of their choice.

In the last decade, India has extended Lines of Credit of about USD 26 billion to more than 60 developing countries.

About 16 countries pledged a total of USD 516 million at the 2019 United Nations Pledging Conference for Development Activities, representing a considerable increase over 2018 which saw USD 425.69 million promised.

Highlighting total contributions to the United Nations development system, Zina Mounla, the Chief of the Operational Activities Policy Branch in the Department of Economic and Social Affairs, said they amounted USD 33.6 billion in 2017, an increase of 13 per cent over 2016. The upturn continued a longer-term trend that has seen contributions increase by 77 per cent over the past 10 years.

Core contributions increased for the second consecutive year, she said, totalling USD 6.9 billion in 2017, an increase of 3 per cent over 2016. At the same time, the share of core resources dropped to an all-time low of only 20.6 per cent of total funding due to the rise in non-core funding, which has doubled over the past decade.

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Agencies
February 6,2020

Mumbai, Feb 6: The Reserve Bank of India, for the second straight time, on Thursday kept its key policy rate unchanged at 5.15 per cent, maintaining its accommodative policy stance as long as it was necessary to revive growth.

The central bank retained GDP growth at 5 per cent for 2019-20 and pegged it at 6 per cent for the next fiscal.

"Economic activity remains subdued and the few indicators that have moved up recently are yet to gain traction in a more broad-based manner. Given the evolving growth-inflation dynamics, the MPC felt it appropriate to maintain status quo,” the Monetary Policy Committee (MPC) said.

The six-member committee voted unanimously to hold rates, but also said that there is “policy space available for further action”.

Between February and October 2019, the RBI had reduced repo rate by 135 basis points.

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News Network
July 22,2020

New Delhi, Jul 22: Congress leader Sachin Pilot has served a legal notice to party MLA Giriraj Malinga, for claiming that the former had offered him money to join the BJP.

"Former Rajasthan Deputy Chief Minister Sachin Pilot has served a legal notice to Congress MLA Giriraj Malinga for his Rs 35 crore bribery allegation," a source close to Pilot said.
P
Earlier, addressing a press conference, Malinga said, "Those MLAs who are stuck either in Haryana or Jaipur, are running after money. To say, they are not, are false claims. Even I was offered the same by Pilot, which I had refused. Came to this party knowing BJP and Congress do not accept money to give tickets."

When asked by the reporters whether he was offered Rs 35 crore, he claimed by saying, "Yes, 35." The MLA claimed he was himself the prove when the reporters asked for the same.

The political situation in Rajasthan is in turmoil after Chief Minister Ashok Gehlot sacked his then-deputy Sachin Pilot and the latter's confidants from his council of ministers. The Congress has also claimed that BJP was trying to buy its party MLAs.

On Monday, the Rajasthan High Court had said that it would hear the petition filed by Pilot and 18 of his loyalist MLAs on July 24, against the disqualification notices issued against them, a lawyer said.

"The arguments in the matter have been concluded. The court has heard the arguments from all the parties. The High Court has slated the matter for orders on July 24," Advocate Prateek Kasliwal told reporters after the hearing. 

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Agencies
February 13,2020

New Delhi, Feb 13: The BJP's Amit Shah today said statements like "goli maaro" and "Indo-Pak match" should not have been made by BJP leaders ahead of the Delhi elections.

The BJP may have suffered in the elections because of hate statements made by party leaders, he said, reported news agency Press Trust of India.

The party, he said, had distanced itself from such remarks.

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