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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
February 11,2020

New Delhi, Feb 11 Congress's performance touched a record low in the Delhi Assembly election as the party bagged less than 5 per cent of the total votes polled and 63 of its candidates lost their deposits.

The party, which ruled Delhi for 15 years on the trot under former Chief Minister Sheila Dikshit, failed to open its account for the second consecutive assembly election in Delhi.

Only three of its candidates Arvinder Singh Lovely from Gandhi Nagar, Devender Yadav from Badli and Abhishek Dutt from Kasturba Nagar managed to save their deposits.

Security deposit of a candidate is forfeited if he/she fails to secure one-sixth of the total valid votes cast in a constituency.

Most of Congress candidates got less than 5 per cent of the total votes polled in their respective constituencies.

Delhi Congress chief Shubhash Chopra's daughter Shivani Chopra, who was the party candidate from Kalkaji, also could not save her deposit.

Former Delhi Assembly Speaker Yoganand Shastri's daughter Priyanka Singh also forfeited her deposit.

The party's campaign committee chairman Kirti Azad's wife, Poonam Azad, lost badly and stood fourth, polling only 2,604 (2.23) votes.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 9,2020

Mumbai, Jan 9: India's weddings are famously lavish -- lasting days and with hundreds if not thousands of guests -- but this season many families are cutting costs even if it risks their social standing.

It is symptomatic of a sharp slowdown in the world's fifth-largest economy, with Indians spending less on everything from daily essentials to once-in-a-lifetime celebrations.

Growth has hit a six-year low and unemployment a four-decade high under Prime Minister Narendra Modi. Prices are rising too, squeezing spending on everything from shampoo to mobile data.

Chartered accountant Palak Panchamiya, for example, has already slashed the budget on her upcoming Mumbai nuptials by a third, trimming spending on clothing and the guest list.

"Initially I chose a dress that cost 73,000 rupees ($1,000)," Panchamiya told news agency as she picked through outfits at a recent marriage trade fair.

"But my partner felt it was too expensive, and so now I am here reworking my options and looking for something cheaper."

India's massive wedding industry is worth an estimated $40-50 billion a year, according to research firm KPMG.

The celebrations can last a week and involve several functions, a dazzling variety of cuisines, music and dance performances, and lots of gifts.

Foreigners can even buy tickets to some events.

But these days, except for the super-rich -- a recent Ambani family wedding reportedly cost $100 million -- extravagance is out and frugality is in as families prioritise saving.

"Earlier Indian weddings were like huge concerts, but now things have changed," said Maninder Sethi, founder of Wedding Asia, which organises marriage fairs around the country.

Cracks emerged in 2016 when the Indian wedding season, which runs from September to mid-January, was hit by the government's shock withdrawal of vast amounts of banknotes from circulation in a bid to crack down on undeclared earnings.

Mumbai-based trousseau maker Sapna Designs Studio shut for months as the economy was turned on its head by Modi's move.

"No exhibitions were happening and there were no avenues for us to sell either," said Vishal Hariyani, owner of the clothing studio.

Hopes for a recovery proved short-lived when the cash ban was followed by a botched rollout of a nationwide goods and services tax (GST) in 2017 that saw many small-scale businesses close.

Since then, keeping his studio afloat has been a challenge, with consumers increasingly reluctant to spend too much, says Hariyani.

"We customise our clothes as per their budgets, and now week-long weddings have been converted to just a 36-hour ceremony," he told news agency.

"We have to pay GST, pay workers and even offer discounts to customers," he added.

"The whole economy has slowed down and reduced spending on weddings is a by-product of that. Everyone except the super-rich are affected," Pradip Shah from IndAsia Fund Advisors told news agency.

"It is reflective of how sombre the mood is," he said.

In a country where families traditionally spend heavily on weddings -- including taking on debt in some cases -- the downturn is also a source of sadness and shame, with elaborate celebrations often seen as a measure of social status.

"We haven't even invited our neighbours. It is embarrassing but the current situation doesn't offer us much respite," 52-year-old Tara Shetty said ahead of her son's wedding.

"In my era, we always spent a lot and had thousands of people attending the weddings," she explained.

"My wedding was supremely grand, and now my son's is the polar opposite."

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
February 6,2020

Bijnor, Feb 6: Apprehensions over the Citizenship Amendment Act (CAA) and the National Register of Citizens (NRC) are now so strong that a team of economic enumerators were allegedly manhandled in Uttar Pradesh's Bijnor district and faced stiff resistance from the people.

A team of the economic census enumerators in Bijnor, on Wednesday, sent a letter to the District Magistrate narrating the difficulties they are facing in some parts "due to misinformation".

District magistrate Ramakant Pandey, when contacted, said that he had asked the department concerned to complete the work on time. "If teams are facing any problems, we will sort it out at once. No hurdle in economic census will be tolerated," he said.

According to District Economic and Statistics Officer, Harendra Malik: "Our teams are facing protests in minority-dominated areas as people are linking it to the NRC. Some team members were manhandled.

"We have now asked village heads and municipality chairmen to help our teams in the survey and convince the people. Our teams are trying to convince them that it is a routine work which is being carried out for years. It has nothing to do with the NRC or CAA."

He further said that they plan to hold a series of meetings with people's representatives, including village heads and chairmen, so that they could put an end to this confusion.

The seventh economic census was flagged off in Bijnor by District Magistrate Ramakant Pandey on January 6. There are around 3,000 enumerators and 569 supervisors engaged in the census being carried out under the supervision of economic and statistics department. It is expected to be completed by March 31.

The economic census is aimed at collecting data about the financial status of people engaged in unorganised sector.

Meanwhile, the areas where the enumerators are facing stiff resistance include Kalhari village in Najibabad block, Amipur Narain village in Mohammadpur Devmal block, Anisa Nangli village in Dwarka block and the Mirzapur Bella village in Jalilpur block.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.