Martin Elling, Ex-McKinsey partner sentenced to prison for obstructing justice by a US court
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Business Standard
26 minutes ago
- Business Standard
NDB mandate must focus on agility, tech and sustainable growth: Sitharaman
Finance Minister Nirmala Sitharaman on Friday said in today's fast changing world, the mandate for New Development Bank (NDB) must be renewed with focus on greater agility, technological advancement and efficiency. Observing that NDB has played an important role in reshaping the financial landscape for the global South, she said, it has approved more than 100 projects, and it has approved more than USD 35 billion in financing across member countries, including key Indian initiatives like the metro rail, renewable energy and water management. NDB is not just a source of capital, it is a platform for shaping a more equitable and responsive global financial architecture, she said during the NDB Governors Seminar on the theme 'Challenges for Financing Sustainable Development for the Global South' in Rio de Janeiro, Brazil. "In today's fast changing world, its mandate must be renewed. The NDB's mandate must be renewed with focus on greater agility, technological advancement and efficiency, efficiency in an enhanced way. So in conclusion, I would like to say financing sustainable development in the global south isn't just about raising funds. "It's about building fairness. It's about building trust, and it's building leadership. India, with its dual role as a leading emerging economy and a global influencer, is uniquely positioned to lead this transformation, not just for itself, but for all those who share its aspirations," she said. Sitharaman underlined the need for decisive collective action by the global South to address multiple uncertainties arising from fiscal constraints, climate change, and evolving geopolitical dynamics. Sitharaman highlighted that this deters long-term investment and delays critical progress in areas like renewable energy and climate-resilient infrastructure. Stressing that India stands at a unique crossroads, she said, "the aspirations of a billion people converge with the imperatives of a fast-changing planet. And in this moment, policy will determine pace. India has demonstrated how scale and speed can go hand-in-hand." Through transformative policy initiatives like UPI, Aadhaar and Jan Dhan, India has driven financial inclusion even to the last-mile, she said. India's policy ecosystem has been further strengthened by programmes such as the Gati Shakti National Master Plan, the National Green Hydrogen Mission and installation of over 220 GW of renewable energy capacity to accelerate clean energy transition, she said, adding, these efforts are complemented by a commitment to macroeconomic stability. "As we strive towards the 2030 agenda, the financing gap for Sustainable Development Goals (SDGs) in developing countries has widened to over USD 4.2 trillion annually post-pandemic, reflecting the widening gap between ambition and reality," she said.
Time of India
30 minutes ago
- Time of India
Family of Ganjam worker anxious after 3 Indians abducted in Mali
1 2 Berhampur: Family members of a 28-year-old Ganjam worker are anxious that he might be among the three Indians abducted from a cement factory in Kayas, Mali, on July 1. Since July 1, the family is unable to communicate with P Venkatraman, who is working at the Diamond Cement Factory since Nov last year after being recruited through a Mumbai-based company, and fears he might be among those abducted. His mother, P Narasama (50), of Samarajhol village in Ganjam district's Hinjili, last spoke to him on June 30. "I am very worried about my son's fate and request the govt to ensure his safe return. His phone number is unreachable now," she told reporters. On Thursday, Narasama received a call from her son's employer stating he was under police custody. However, she later learned through social media about the abduction. She filed a report with Hinjili police on Friday evening and appealed for intervention. The ministry of external affairs (MEA) has expressed serious concern over the abduction of Indian workers. While no group has claimed responsibility, Al-Qaeda affiliate, Jama'at Nusrat al-Islam wal-Muslimin (JNIM), claimed responsibility for multiple coordinated attacks across Mali on the same day. "The govt should take immediate steps for Venkataraman's safe return," said M Ram Krushna, a relative. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Venkatraman's sister has rushed home from Hyderabad after learning about the incident. MEA confirmed the abduction of three Indians during a "coordinated attack on the factory premises" where the assailants "forcibly took three Indian nationals as hostages". Indian authorities are closely monitoring the situation and working towards the safe release of the three workers.
Time of India
30 minutes ago
- Time of India
5 WB women rescued from prostitution
Hubballi: Police rescued five women from a hotel where prostitution was allegedly taking place on Friday. Police commissioner N Shashikumar stated that a raid was conducted at the hotel in Hosur, acting on a tip-off given by Mysuru-based Odanadi Seva Samsthe. "Five women from West Bengal were rescued, and five persons, including the hotel manager, staff, and a customer, were detained," he added. Odanadi founder Stanley mentioned that prostitution was occurring on the second floor of the hotel. "They reserved the ground floor and first floor for customers. Thousands of condoms distributed by the Tamil Nadu health department were seen on the second floor. They also built a tunnel in the toilet, to hide or escape from there. A customer was hiding there during our raid," he said. He added that he informed Nagalaxmi Choudhari, chairman of the Karnataka State Women Rights Commission, about the incident.
