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RBI issues framework for revitalising distressed assets in the economy (Improving the system’s ability to deal with corporate distress and financial institution distress by strengthening real and financial restructuring as well as debt recovery) The Reserve Bank of India has developed the   framework for revitalising distressed assets in the economy which  outlines a corrective action plan that will incentivise early identification of problem cases, timely restructuring of accounts which are considered to be viable, and taking prompt steps by banks for recovery or sale of unviable accounts.  With the slowdown of the Indian economy, a number of companies/projects are under stress. Consequently, the Indian banking system has seen increase in Non-Performing Assets (NPAs) and restructured accounts during the recent years. As the financially distressed assets not only results in producing less than economically possible, they also deteriorate quickly in value. There...

UNICEF:Need to Innovate to Advance Children’s Rights 31 01 2014 UNICEF’s Latest Data Reveal Disparities, Show Need to Innovate to Advance Children’s Rights As 25 th anniversary of children’s rights convention approaches, vast progress made but reaching unreached children will require sharper focus on disparities, new report says #data4children NEW YORK, 30 January 2014 – Declaring that ‘every child counts’, UNICEF today urged greater effort and innovation to identify and address the gaps that prevent the most disadvantaged of the world’s 2.2 billion children from enjoying their rights. The children’s agency, in a report released today, highlights the importance of data in making progress for children and exposing the unequal access to services and protections that mars the lives of so many. “Data have made it possible to save and improve the lives of millions of children, especially the most deprived,” said Tes...

DELHI PREPARES FOR 6TH EDITION OF INDIA ART FAIR 30 01 2014 6th Edition of India Art Fair brings the best Indian and International contemporary art with 91 exhibiting booths and 1000 artists An expanded specially curated Art Projects programme will span the outdoor and indoor fair space with 24 large scale installations and space specific works in a variety of mediums India Art Fair announces the first edition of a Mentor and Protégé programme. A philanthropic arts initiative to provide and sustain artistic aspirations to the Indian art world New Delhi – India Art Fair, India’s premier modern and contemporary art fair, is pleased to announce its 6th edition from 30th January – 2nd February 2014 (with a VIP Preview by invitation on 30th January) at NSIC Grounds, New Delhi. YES BANK is Presenting Partner for the 6th Edition of India Art Fair. Since its founding in 2008, India Art Fair has grown to be an epicenter for art in India, with a global reputation for being one of South...

Exploring New Agri-business model 29 01 2014 Edit : Edit Comments : Leave a Comment » Categories : Business , culture , Education , Trade , world News DR Congo still needs humanitarian aid 29 01 2014 DR Congo still needs humanitarian aid despite advances towards peace in east – UN A market street in Goma, the capital of the eastern province of North Kivu in the Democratic Republic of the Congo (DRC). Photo: IRIN/Kenneth Odiwuor   27 January 2014 – Despite significant progress towards peace in the strife-torn eastern Democratic Republic of Congo (DRC), the international community must keep humanitarian aid flowing into a country where nearly 3 million people, half of them children, are currently displaced, according to the United Nations. “We are united by the goal of responding to the needs of the most vulnerable in the DRC,” UN Children’s Fund ( UNICEF ) Deputy Executive Director Yoka Brandt said over the week...