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USAID to Invest $30m in Nepal
The US Agency for International Development (USAID) on Tuesday (March 29) launched its Nepal Economic, Agriculture and Trade (NEAT) project for improving business competitiveness, food security and microfinance to foster economic growth of the country. The two-and-a-half-year project will help the private sector in improving the country’s foundations for rapid, sustained and inclusive private sector-led economic growth, the USAID said organising an interaction here. NEAT ...
- Region
- South Asia
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Poor Still Benefit When Microcredit Reaps Megaprofits
IS it right to profit from the poor? This question has sparked a civil war in the business of microcredit - making small loans to the poor in developing countries - and badly tarnished the image of what had been seen as a rare success story in the fight against global poverty. Who wins this battle about how best to deliver aid could determine whether hundreds of millions of people get the chance to escape abject poverty. The controversy began last year when reports emerged that farmers ...
- Region
- South Asia
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Nobel Laureate Loses Last Legal Battle to Save Job at Bank
NEW DELHI - Muhammad Yunus, the Bangladeshi Nobel Peace Prize laureate and microfinance pioneer who popularized the notion of giving tiny loans to the poor, lost his legal battle on Tuesday to hold on to his job as managing director of the bank he created more than 30 years ago. ...
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- South Asia
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The Ross School and the Confederation of Indian Industry Sign a Memorandum in Honor of CK Prahalad
Delhi, India - The Confederation of Indian Industry (CII) and the Ross School of Business signed a memorandum of understanding (MOU) in Delhi April 1 confirming their intent to collaborate as strategic partners. The MOU will bring together two very unique efforts. It will support CII’s India@75 initiative and the Ross School’s C.K. Prahalad Initiative. The MOU was signed by Robert J. Dolan, dean of the Ross School, and Chandrajit Banerjee, director general of CII. The two organi...
- Region
- South Asia
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IFC To Invest $30M In Dunar Foods
International Finance Corporation (IFC) plans to invest $30 million through a mix of equity and debt in Karnal-headquartered Dunar Foods that is in the business of procurement, processing and supply of basmati rice. It will co-invest with another undisclosed private equity fund that is expected to bring in a separate $10 million for the Haryana-based, privately held rice company. Dunar Foods owns two production facilities - one in Karnal (Haryana) and the other in Amritsar, Punjab (comm...
- Region
- South Asia
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English in Action: Mobile Learning in Bangladesh
In her role as the Content Producer for the SOCAP conference series, Amy Benziger has the opportunity to interview innovators from around the world on how they are changing the landscape of social enterprise. For this installment of Mobile Message, she interviews Sara Chamberlain, project director for BBC Janala , an initiative based in Bangladesh that incorporates on-screen English tutoring through a ...
- Region
- South Asia
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Can India’s Tata Make Cheap, Distributed Energy?
BOSTON--For the most part, the world’s energy system is highly centralized. Tata Power of India is exploring whether smaller-scale distributed energy can work in a country where hundreds of millions of people don’t have access to electricity. Earlier this month, I met with Avinash Patkar, the chief sustainability officer of Tata Power, which is the power division of India-based Tata, an industrial giant with businesses in steel, software, autos, chemicals, and telecommunications...
- Region
- South Asia
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$18 Bn Worth of Projects Discussed at India-Africa Conclave
NEW DELHI: Projects worth $18 billion were discussed at the India-Africa conclave that concluded here on Tuesday after two days of deliberations in sectors ranging from education to energy. The seventh edition of the CII-Exim Bank conclave on India Africa Project Partnership was attended by two prime ministers and over a dozen ministers from Africa. The conclave witnessed the largest ever participation with 650 delegates, who discussed 204 projects worth $18 billion.
- Region
- South Asia
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