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Vedanta Chairman Anil Agarwal bags Asian Business Philanthropy Award 2021

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Indias leading industrialist and philanthropist, Anil Agarwal, Chairman of the Vedanta Group, one of the worlds biggest Oil & Gas and Metals companies, has been bestowed with the Philanthropy Award at the Asian Business Awards 2021 for his outstanding contribution towards humanitarianism initiatives centering on healthcare, education, sanitation, skill development and sustainable livelihood.

His philanthropic pursuits have been an inspiration across the globe for his charitable foundation, the Anil Agarwal Foundation, which has created an exemplary social impact in rural India with Vedanta’s multiple care initiatives. These initiatives, including Swatch Goan Abhiyaan, Nand Ghar, have touched upon over 4.23 crore lives helping them better their quality of life. To bring in sustainable and inclusive growth integrated with social-economic development, the group spent over Rs 331 crore in the year 2020-21.

The Asian Business Award, now in its 23rd year, is hosted every year by Eastern Eye, Britain’s biggest selling English language Asian newspaper. The award is known for celebrating Asian entrepreneurship and business success, wherein the winners are honoured at the annual gathering of the UK’s wealthiest and most successful businessmen and women. This year’s esteemed assemblage, held on November 19 in London, recognised Agarwal for his exceptional contribution towards empowering underprivileged communities. His universal mission of giving back to society has made him a living inspiration for many across the globe.

Sharing his thoughts concerning his recent accolade, Agarwal said: “I am extremely humbled to receive this award. It has further energised me to uphold my commitment towards sustainably strengthening the rural communities of the country. I take pride in living up to my ‘Giving Pledge’ as this year Vedanta, under its social initiatives, has spent Rs 331 crore and has vowed to spend Rs 5000 crore more. Philanthropy has given more meaning to my life, and I draw immense satisfaction in giving back to society.”

Anil Agarwal Foundation CEO, Bhaskar Chatterjee, expressed great joy over international acknowledgement of Agarwal’s efforts and the honourable distinction.

Chatterjee said: “We are extremely humbled and honoured to receive this award. We have always been committed to uplifting society and creating a more egalitarian social structure where basic necessities of life are accessible to all. The Anil Agarwal Foundation was set up to facilitate sustainable and inclusive growth to protect and provide for our communities. Such a prestigious award has boosted our spirit to continue our efforts towards serving society and motivates us to do more and better.”

It is not the first time his philanthropic vision gained traction, as he was also featured in the EdelGive Hurun India Philanthropy List 2020. The list ranked him among the top five philanthropists in the country. In the pandemic-marred year of 2020, Agarwal’s contribution towards humanitarian initiatives rose by 90 per cent compared to the previous year. In order to mitigate the impact of the Covid-19 contagion, the foundation launched a Rs 5,000 crore social impact program called ‘Covid Mukt Villages’ to help the rural communities build a robust healthcare infrastructure. Last year alone, Vedanta contributed more than the government-mandated 2 per cent towards corporate social responsibility. The group outdoes itself every year with its transformation work at the grassroots level.

One of Vedanta’s flagship initiatives, ‘Swasth Gaon Abhiyaan’, provides end-to-end healthcare services across 1,000 villages in 12 states, improving the lives of over 2 million people. Besides, the foundation also continues to significantly scale up its state-of-art Anganwadi project called ‘Nand Ghar’. With the key focus on women empowerment and child development, the foundation is operating 2400-plus Nand Ghars across the nation. These aim to recreate anganwadis, powered with technology, especially to surpass the pandemic-induced challenges, by establishing e-learning for children along with providing nutritional meals and healthcare at their doorsteps. Vaccination being the most important shield against the virus, Vedanta rolled out a mega vaccination drive covering 1.2 lakh employees, their families and business partners. Under the guiding light of Agarwal, the foundation continues to work towards creating a better world by elevating the quality of life of various communities.

Agarwal, staying true to his philanthropic commitment, took the ‘Giving Plege’, in March this year and vowed to give 75 per cent of his wealth towards the socio-economic welfare of the rural communities. The Giving Pledge is a movement comprising global philanthropists wherein the world’s big-hearts commit to donating the majority of their wealth towards philanthropic programs and charitable causes.

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Calcutta HC allows NGO to distribute relief material in communal violence-hit Murshidabad

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Kolkata, April 17: A single-judge bench of the Calcutta High Court, on Thursday, permitted a non-government organisation (NGO) to visit the communal violence-hit Murshidabad and distribute relief material among the affected people.

While granting permission to the NGO christened ‘Khola Hawa (Open Air)’, which was earlier denied permission by the district administration, the single-judge bench of Justice Amrita Sinha observed that there was no rule that organisations other than government bodies would not have permission to distribute relief materials at any place.

She also observed that the existing law and order problem could not be an excuse for denying permission, since the Central Armed Police Forces (CAPF) were already posted in Murshidabad.

The NGO approached the bench of Justice Sinha after the Murshidabad district magistrate denied permission for its members to visit the troubled spots in the district to distribute relief there. Parts of Murshidabad district in West Bengal have been on the boil last week after protests over the Waqf (Amendment) Act turned violent.

In the petition, the NGO alleged that while the district administration was allowing different political parties to reach the troubled spots with relief materials, the permission to the organisation was deliberately denied.

The matter came up for hearing on Thursday afternoon. The counsel for the NGO argued that there was no reason for the district magistrate to deny the permission since the state Director General of Police had already claimed that the situation at Murshidabad was currently more or less normal. “The NGO members want to go there to distribute relief items like tarpaulin, food, and medicines to those affected,” the counsel of Khola Hawa argued.

Although the state government opposed the arguments, Justice Sinha finally accepted the argument of the counsel of Khola Hawa and permitted the NGO to visit the troubled spots and distribute relief items there.

However, she maintained that only three members of a relief team should visit any troubled spot at a time for the time being. At the same time, these three team members would have to inform the district magistrate at least 24 hours in advance about their visit. The visiting team members, as per the court order, should also not make any provocative statements during the process of relief distribution that might trigger tension in the area again.

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International

Extreme marine heatwaves tripled over past 80 years: Study

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London, April 17: The number of days each year that the world’s oceans experience extreme surface heat has tripled over the past 80 years due to global warming, a new study has found.

Researchers found that, on average, the global sea surface saw about 15 days of extreme heat annually in the 1940s, Xinhua news agency reported.

Today that figure has soared to nearly 50 days per year, revealed the study published in the journal Proceedings of the National Academy of Sciences.

Global warming is responsible for almost half of the occurrence of marine heatwaves — periods when sea surface temperatures rise well above normal for an extended time.

The study, produced by a team of scientists from the Mediterranean Institute for Advanced Studies, the University of Reading, the International Space Science Institute, and the University of the Balearic Islands, also found that rising global temperatures are making extreme ocean heat events last longer and become more intense.

“Marine heatwaves can devastate underwater ecosystems. Extended periods of unusually warm water can kill coral reefs, destroy kelp forests, and harm seagrass meadows,” said Xiangbo Feng, a co-author of the study at the National Centre for Atmospheric Science at the University of Reading.

The impacts of marine heat waves extend beyond the ocean. The researcher warns that increased marine heatwaves could, in return, cause our atmosphere less stable leading to more frequent and powerful tropical storms in some regions.

“As global temperatures continue to rise, marine heatwaves will become even more common and severe, putting increasing pressure on already stressed ocean ecosystems. These increased marine heatwaves could, in return, cause our atmosphere less stable leading to more frequent and powerful tropical storms in some regions,” Feng said

Noting that human activities are fundamentally changing oceans, the study called for urgent climate action to protect marine environments.

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Business

US tariff hikes no longer make economic sense: China

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Beijing, April 17: A Chinese foreign ministry spokesperson said on Thursday that the United States’ 245 per cent tariff on certain products from China no longer makes economic sense.

It the US continues to play the “tariff numbers game”, it will pay no attention to it, according to the spokesperson, Xinhua news agency reported.

The statement came in the wake of White House’s statement that China faces tariffs of up to 245 per cent due to its retaliatory action.

China now faces up to 245 per cent tariffs on imports to the US as a result of its retaliatory tariffs, according to the White House Fact sheet.

This came after Beijing ordered its airlines not to take any further deliveries of Boeing jets in response to the earlier US decision to impose 145 per cent tariffs on Chinese goods.

According to the White House, the US President is open to making a trade deal with China, but Beijing should make the first move.

“More than 75 countries have already reached out to discuss new trade deals. As a result, the individualised higher tariffs are currently paused amid these discussions, except for China, which retaliated,” it said.

The White House also accused Beijing of banning exports to the US of gallium, germanium, antimony, and other key high-tech materials with potential military applications.

There are no winners in a trade conflict and the tussle between China and the US raises the risk of economic and geopolitical fallout, a report by S&P Global Ratings said this week.

Home to sizable manufacturing activities, Asia-Pacific is highly dependent on exports to the U.S. and China for growth. At the same time, Asia-Pacific depends on the US mostly for security.

The region could find itself pushed to take sides or walk a delicate line between the two large economies, the report stated.

To counteract tariffs, Asia-Pacific governments are exploring the formation of regional trade blocs or bilateral trade agreements. These efforts could accelerate, expediting the need to relocate supply sources and production.

China’s economic growth is seeing rising downside risk amid rising trade tensions with the US as its export engine falters from weaker global demand. The country’s domestic growth engine remains subdued, given the lingering real estate crisis, which is dragging down confidence.

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