Latest news with #Lario
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Business Standard
08-07-2025
- Business
- Business Standard
Bringing investment to rural sector key priority: IFAD president
"IFAD's priority is to mobilize financing, especially long-term financing for rural areas and especially to have and deliver a long-lasting impact for those who need it most," Lario told PTI Press Trust of India New Delhi Bringing investment to the rural sector is a key priority for the International Fund for Agricultural Development (IFAD), President Alvaro Lario said, adding that investment in agriculture is two to three times more effective in reducing poverty than in any other sector. In an interview with PTI, Lario stressed on the importance of bringing private capital to the rural sector, and said that globally, investments worth around $ 75 billion is required to adapt to the impact of climate change. Founded in 1977 in response to a global food crisis, IFAD is a specialised United Nations agency and an international financial institution that tackles hunger and poverty in rural communities. "IFAD's priority is to mobilize financing, especially long-term financing for rural areas and especially to have and deliver a long-lasting impact for those who need it most," Lario told PTI. "So for us, finance is a means to an end and we know that investment in agriculture is two to three times more effective in reducing poverty than in any other sector," he said. He said IFAD has partnered with India for nearly 50 years and India is among its founding members, as well as one of IFAD's largest borrowers and also a donor. Lario said for India, the three big questions are, "how do we make agriculture more remunerative for farmers, how do we enhance productivity at the same time as we're tackling a lot of the climate shocks and how do we move from food security to nutrition security." The IFAD president said climate shocks are one of the biggest threats to global food security, with rising temperatures, shifting rainfall patterns, and extreme weather events already reducing yields and disrupting a lot of the rural livelihoods. "So we know that small-scale farmers need approximately at least 75 billion US dollars to adapt to many of these climate shocks," he said. "In case of India we're seeing seasonal water scarcity, rising temperatures, more frequent droughts, so there's a lot of investments that can actually support these small-scale farmers globally. In global climate finance, what we're seeing is that these small-scale producers, hundreds of millions of rural people, are only receiving less than one per cent of the overall global climate finance," he said. He pointed out that agriculture accounts for around 20 per cent of GDP in India and it employs around 42 per cent of the workforce. "So even though there has been a lot of progress, we believe that continuing investing in pro-poor inclusive value chain and connecting small-scale producers to markets continues to be fundamental," he said. He stressed on bringing private capital into the sector. "We're also trying to bring private capital, private local companies with the government by really bringing a partnership of the public, the private, and the producers themselves. We're also adopting agro-ecological approaches that are currently supporting commercially viable and sustainable value chains so that once more the goal is to improve the income of small-scale farmers and also the resilience to shock," he said. He said IFAD's approach is about "co-creating solutions" with the central and the state governments in India, making sure the private sector is brought in, and ensuring that small landholders, tribal communities, rural youth and women are very much at the centre of many of these investments. "This will very much translate into a more vibrant market-driven rural economy that will create the jobs and opportunities that many of these rural communities lack. For that we need to aggregate, we need to make sure that many of these investments are aggregating, scaling up, processing and really making that formal market access a reality," he said. "For this transformation we will also need a lot of the private sector enterprises, that's why we need to create the incentives jointly with the governments to make sure that this mobilization of private sector capital is happening where it matters most, which is in the first mile of where food is being produced," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
The Print
07-07-2025
- Business
- The Print
Investment of USD 75 bn needed for Indian farmers to adapt to climate change impact: IFAD President
Asked about the impact of climate change on the rural sectors, especially on small and marginal farmers, Lario said it's a key focus. In an interview to PTI, Lario said for IFAD in India, the three big questions are, 'how do we make agriculture more remunerative for farmers, how do we enhance productivity at the same time as we're tackling a lot of the climate shocks and how do we move from food security to nutrition security.' Founded in 1977 in response to a global food crisis, IFAD is a specialised United Nations agency and an international financial institution that tackles hunger and poverty in rural communities. New Delhi, Jul 6 (PTI) Investments worth around USD 75 billion is required for small-scale farmers in India to adapt to the impact of climate change, and bringing finance to rural areas is a critical challenge ahead for rural communities across the world and in India, President of the International Fund for Agricultural Development (IFAD) Alvaro Lario said. 'Small-scale farmers need approximately at least 75 billion US dollars to adapt to many of these climate shocks,' Lario told PTI. According to the 10th agriculture census of 2015-16, small and marginal farmers with less than two hectares of land account for 86.2 per cent of all farmers in India, but own just 47.3 per cent of the farming land. 'In case of India we're seeing seasonal water scarcity, rising temperatures, more frequent droughts, so there's a lot of investments that can actually support these small-scale farmers globally. In global climate finance, what we're seeing is that these small-scale producers, hundreds of millions of rural people, are only receiving less than one per cent of the overall global climate finance,' he said. Lario lauded schemes like 'soil health card', and said it gives farmers personalised recommendations on how they can improve their soil health, as well as incentives to adopt treat irrigation and other water-saving technologies. 'The challenges remain and we're seeing that many of the farmers are still struggling to adopt some of the climate smart practices. So still we need to continue investing, we are investing with the government at the central and state levels in India,' he said. 'For example in Maharashtra, in Meghalaya, Mizoram, Odisha, where we are bringing too many of these investments climate resilient practices that combine sustainability but also with income,' he said. He said it's important to focus on how these small-scale farmers can continue increasing their income through crop diversification, improved water management, or micro irrigation systems, and also creating community seed banks or using drought tolerant seeds. 'All of this is really gonna have a translation into better lives and better incomes,' he said. Lario said IFAD's priority is to mobilise financing, especially long-term financing for rural areas and deliver a long-lasting impact for those who need it most. 'We know that agriculture accounts for around 20 per cent of GDP in India and it employs around 42 per cent of the workforce. So even though there has been a lot of progress, we believe that continuing investing in pro-poor inclusive value chain and connecting small-scale producers to markets continues to be fundamental,' he said. He also stressed on bringing private capital into the sector. 'We're also trying to bring private capital, private local companies with the government by really bringing a partnership of the public, the private, and the producers themselves. We're also adopting agro-ecological approaches that are currently supporting commercially viable and sustainable value chains so that once more the goal is to improve the income of small-scale farmers and also the resilience to shock,' he said. Lario gave the example of Meghalaya, where IFAD has promoted and incubated a number of market-driven enterprises which are offering agri-entrepreneurs incubation, mentoring, credit, and access to markets. In Mizoram, he said, IFAD is promoting integrated farming, bringing together crops, livestock, agroforestry, in community-led clusters. 'We're introducing weather-based crop planning which is also enabling farmers to align the sowing with the rainfall forecast thereby reducing climate risk,' he said. He said IFAD was the first UN funded programme which received two credit ratings, and currently they're issuing bonds that are being bought by pension funds and central banks all over the world. 'We are also bringing capital and investment, especially private capital to these rural areas,' he said. 'We're currently using our own financing to co-invest with the private sector by directly investing in agri-enterprises, in local financial institutions and in value chain institutions that are very much serving small holder farmers,' he said. Lario further said the strategy is very much aligned with the Indian government's approach and over decades. According to IFAD, it has invested over USD 1.5 billion in India in the last 45 years, reaching over 6 million families. 'Our focus has been very much on investing in women, in tribal communities, small-scale producers and also on strengthening community institutions,' he added. PTI AO HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
06-07-2025
- Business
- Time of India
Investment of USD 75 bn needed for Indian farmers to adapt to climate change impact: IFAD President
Investments worth around USD 75 billion is required for small-scale farmers in India to adapt to the impact of climate change, and bringing finance to rural areas is a critical challenge ahead for rural communities across the world and in India, President of the International Fund for Agricultural Development (IFAD) Alvaro Lario said. In an interview to PTI, Lario said for IFAD in India, the three big questions are, "how do we make agriculture more remunerative for farmers, how do we enhance productivity at the same time as we're tackling a lot of the climate shocks and how do we move from food security to nutrition security." Founded in 1977 in response to a global food crisis, IFAD is a specialised United Nations agency and an international financial institution that tackles hunger and poverty in rural communities. Asked about the impact of climate change on the rural sectors, especially on small and marginal farmers, Lario said it's a key focus. "Small-scale farmers need approximately at least 75 billion US dollars to adapt to many of these climate shocks," Lario told PTI. Live Events According to the 10th agriculture census of 2015-16, small and marginal farmers with less than two hectares of land account for 86.2 per cent of all farmers in India, but own just 47.3 per cent of the farming land. "In case of India we're seeing seasonal water scarcity, rising temperatures, more frequent droughts, so there's a lot of investments that can actually support these small-scale farmers globally. In global climate finance, what we're seeing is that these small-scale producers, hundreds of millions of rural people, are only receiving less than one per cent of the overall global climate finance," he said. Lario lauded schemes like 'soil health card', and said it gives farmers personalised recommendations on how they can improve their soil health, as well as incentives to adopt treat irrigation and other water-saving technologies. "The challenges remain and we're seeing that many of the farmers are still struggling to adopt some of the climate smart practices. So still we need to continue investing, we are investing with the government at the central and state levels in India," he said. "For example in Maharashtra, in Meghalaya, Mizoram, Odisha, where we are bringing too many of these investments climate resilient practices that combine sustainability but also with income," he said. He said it's important to focus on how these small-scale farmers can continue increasing their income through crop diversification, improved water management, or micro irrigation systems, and also creating community seed banks or using drought tolerant seeds. "All of this is really gonna have a translation into better lives and better incomes," he said. Lario said IFAD's priority is to mobilise financing, especially long-term financing for rural areas and deliver a long-lasting impact for those who need it most. "We know that agriculture accounts for around 20 per cent of GDP in India and it employs around 42 per cent of the workforce. So even though there has been a lot of progress, we believe that continuing investing in pro-poor inclusive value chain and connecting small-scale producers to markets continues to be fundamental," he said. He also stressed on bringing private capital into the sector. "We're also trying to bring private capital, private local companies with the government by really bringing a partnership of the public, the private, and the producers themselves. We're also adopting agro-ecological approaches that are currently supporting commercially viable and sustainable value chains so that once more the goal is to improve the income of small-scale farmers and also the resilience to shock," he said. Lario gave the example of Meghalaya, where IFAD has promoted and incubated a number of market-driven enterprises which are offering agri-entrepreneurs incubation, mentoring, credit, and access to markets. In Mizoram, he said, IFAD is promoting integrated farming, bringing together crops, livestock, agroforestry, in community-led clusters. "We're introducing weather-based crop planning which is also enabling farmers to align the sowing with the rainfall forecast thereby reducing climate risk," he said. He said IFAD was the first UN funded programme which received two credit ratings, and currently they're issuing bonds that are being bought by pension funds and central banks all over the world. "We are also bringing capital and investment, especially private capital to these rural areas," he said. "We're currently using our own financing to co-invest with the private sector by directly investing in agri-enterprises, in local financial institutions and in value chain institutions that are very much serving small holder farmers," he said. Lario further said the strategy is very much aligned with the Indian government's approach and over decades. According to IFAD, it has invested over USD 1.5 billion in India in the last 45 years, reaching over 6 million families. "Our focus has been very much on investing in women, in tribal communities, small-scale producers and also on strengthening community institutions," he added.
Business Times
01-05-2025
- Business
- Business Times
Uber Mideast unit delivers gold coins to doorsteps in Dubai
[DUBAI] Dubai residents can now have 24-carat gold coins delivered to their homes in less than an hour as super app Careem targets millions of Indians in the United Arab Emirates. Dubai-based Careem Technologies, a spin-out from Uber Technologies' Middle Eastern subsidiary, has launched a campaign that allows users to buy up to 10,000 dirhams (S$3,561) of physical gold in a single order. The gold is supplied and certified by Tanishq, the flagship brand of India's biggest jeweller Titan. Rollout of the new feature coincides with Akshaya Tritiya, a Hindu festival in which buying gold is considered auspicious. Indians make up about a third of the UAE's population of over 10 million people, and the country continues to attract expats with the promise of jobs and low tax rates. 'We made gold available through Careem to support our many Hindu customers during Akshaya Tritiya. Next month, we're bringing back our popular Udhiyah meat delivery service for Eid Al Adha – which was a hit with customers in Dubai and Abu Dhabi last year,' said Chase Lario, vice-president at Careem Groceries. The precious metal has rallied 25 per cent this year as an expanding trade war has sent investors fleeing to safe-haven assets. Gold rose to a record of US$3,500 an ounce last week, after chalking up 27 successive all-time highs this year. These gains have been supported by central bank buying, ETF investors, and macro funds seeking a hedge against lagging US equities. Careem shareholders include majority stakeholder Emirates Telecommunications Group, which acquired 50.03 per cent of the app for US$400 million in 2023; Uber, which owns all of Careem's ride-hailing business, and Careem's co-founders. The so-called everything app offers food and grocery deliveries, car rentals and money transfers as well as laundry, home cleaning and donation services. 'As a local brand, we are always looking for solutions to simplify life for our customers in culturally relevant ways,' Lario said. BLOOMBERG
The Guardian
10-04-2025
- Health
- The Guardian
Grand National runner Celebre d'Allen died with severe respiratory infection
A post-mortem examination of Celebre d'Allen, who died on Monday evening having collapsed on the run-in during the Grand National at Aintree on Saturday, found that while his 'exercise-associated episode' did not lead directly to the 13-year-old's death, the gelding's immune system had been severely compromised, probably by over-exertion in the race, and he died as the result of a severe bacterial respiratory infection which had not been present in blood tests taken on Saturday morning. The post-mortem, which was carried out at Rossdales, the leading veterinary practice in Newmarket, concludes that Celebre d'Allen contracted pleuropneumonia after Saturday's race, while 'the subsequent onset of sepsis or endotoxaemia [the release of harmful substances into the bloodstream from bacteria was] likely to have been a key factor in the cause of death'. The report also found that 'bloods taken on Monday indicated a severely compromised immune system. These indications had not been present in the bloods taken on the day of the race. This indicates that this issue emerged subsequent to the race and the exercise-associated episode. 'The heart pathology found no issues which are likely to be significant in the death of the horse.' The conclusion appears to explain why Celebre d'Allen had appeared to be recovering from his collapse on Sunday, before his condition suddenly deteriorated on Monday evening. Celebre D'Allen was the oldest runner in Saturday's race but held a narrow lead over the third-last before fading quickly after the second-last. He collapsed shortly after jumping the final fence. Ayr 1.30 Lario 2.05 Irish Chorus 2.40 Histrionic 3.15 Riskintheground (nb) 3.50 Dance Thief 4.25 The Four Sixes 4.58 Out Out Fontwell 1.40 Twist Of Fatecatch 2.15 All Authorized 2.50 Staff Sergeant Len 3.25 Kalif D'Airy 4.00 Extraordinary Man 4.30 Bluenose Belle Newbury 1.52 Coyy 2.27 Mystic Maureen 3.03 Lady Ridgewood 3.37 Falconer 4.10 Charging Thunder 4.45 Huscal 5.20 Change Sings (nap) Sedgefield 4.15 Willie Shake Hands 4.50 Mutual Respect 5.25 Pub Crawl 5.55 Redbridge Rambler 6.25 Feach Amach 6.55 Beny Nahar Road 7.25 Swingingonthesteel Huntingdon 4.35 Bongo Man 5.05 Cuban Court 5.38 Jack The Savage 6.08 Hystery Bere 6.38 Sangiovese 7.08 Glance At Midnight Michael Nolan, the gelding's jockey, was subsequently suspended for 10 days by the Aintree stewards for 'continuing in the race when the horse appeared to have no more to give and was clearly losing ground after the second-last fence.' The circumstances surrounding all race-related fatalities are reviewed in detail by the British Horseracing Authority, while the Grand National, the most famous and popular race of the year, is also the subject of a separate annual review by the regulator.
