Hero Women’s Professional Golf Tour 2014

Vani Kapoor stages strong comeback to win leg 1 of HWPGT 2014

 

Kolkata, January 31, 2014: Delhi golfer Vani Kapoor continued her fine run as she upstaged Bengaluru golfer Sharmila Nicollet to win the first Leg of the Hero Women’s Professional Golf tour 2014 which concluded today at the Royal Calcutta Golf Club.

 

Vani, who made a strong comeback yesterday to finish at second position trailing by a single shot to Sharmila, continued her fine form on the final day to win the season opener of the HWPGT 2014. She carded a two over 74 in the final round and finished with a total score of 229, three shots clear of Sharmila. Two birdies on the 12th and 15th helped her return with the best score of the day. Just like the previous two days, golfers found it extremely tough to score and Vani also had four bogeys on the fifth, seventh, 11th and 18th holes.

 

Sharmila, the overnight leader, had a triple bogey on the 10th hole and this cost her dearly. She was ahead of Vani at the front nine but after the triple bogey it became impossible to come back under tough playing conditions.

 

Shweta Galande had a good outing as she carded 76 in the third round and finished third with a total score of 237 along with local girl Neha Tripathi, who returned with an eight over 80 in the third round.

 

Ankita Tiwana ans Smriti Mehra were tied at fifth position with identical scores of 238. Pallavi Jain (242) finished seventh and Preetinder Kaur (243) was placed eight.

 

The Rs. 5,000,000 event is the first in the series of 14 this year.

Nov FDI grows by about 55%

31012014

 

Dear All,

 

 

 

The FDI equity inflows for the month of Nov 2013 are estimated at around US$ 1.64 bn as against about US$ 1.06 bn in Nov 2012, posting a growth (Y-o-Y) of 54.8%. The growth in FDI equity inflows stands at around (-) 37.7% in Oct 2013, (-) 12% in Sep 2013, (-) 38% in Aug 2013 and 12% in July 2013.

 

Trend in growth of FDI equity inflows over the months                                                                                   (in %)      

 Source: PHD Research Bureau compiled from Department of Industrial Policy & Promotion.

 

The total FDI equity inflows, in the period April-Nov 2013-14 are estimated at around US$ 15.5 bn; representing negative growth of around (-) 2% over the FDI equity inflows of about US$ 15.8 bn for the corresponding period last year.

 

Recent trend in FDI equity inflows (FY 2014)

Financial Year 2013- 2014 (April-March)

Amount of FDI equity inflows

(In Rs. Crore)

(In US$ mn)

1 Apr-13

12,623

2,322

2 May-13

8,974

1,631

3 Jun-13

8,432

1,444

4 Jul-13

9,903

1,657

5 Aug-13

8,899

1,408

6 Sep-13

26,351

4,132

7 Oct-13

7,556

1,226

8 Nov-13

10,257

1,638

2013-14 (from April-Nov 2013)

92,995

15,458

2012-13 (from April-Nov 2012)

86,225

15,846

%age growth over last year

(-) 8%

(-) 2%

Source: PHD Research Bureau compiled from Department of Industrial Policy & Promotion.

 

Mauritius tops the chart as an investing country, with the top investing sectors being the services sector (includes financial, banking, insurance, non-financial / business, outsourcing, R&D, courier, tech. testing and analysis). Also, Mumbai and New Delhi are observed to be the cities attracting thehighest FDI equity inflows.

 

Service sector and construction development constitute the highest share in attracting FDI equity inflows during April 2000-Nov 2013 of around 19% and 11%, respectively. Telecommunications, Computer software and hardware as well as drugs and pharmaceuticals posted share of 6% and Chemicals (other than fertilizers) constitute about 5%. Automobile Industry, Power and Metallurgical Industries constitute share of about 4% in FDI equity inflows and Hotel and tourism constitute share of about 3% during the same period.

 

Sector wise contribution in FDI equity inflows                                                                                                                            (%)

Source: PHD Research Bureau, compiled from Department of Industrial Policy & Promotion.

The data represents share of sector in total FDI equity inflows for the cumulative period of April’00-Nov 2013

Note: ** Services sector includes financial, banking, insurance, non-financial / business, outsourcing, R&D, courier, tech. testing and analysis

 

Warm regards,

 

Dr. S P Sharma

Chief Economist

 

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31012014

 

 

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)

 

 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. Therefore, there is a need to ensure that the banking system recognises financial distress early, takes prompt steps to resolve it, and ensures fair recovery for lenders and investors. 

 

The main proposals of the Framework are:

 

1.      Early formation of a lenders’ committee with timelines to agree to a plan for resolution.

2.      Centralised reporting and dissemination of information on large credit.

3.      Incentives for lenders to agree collectively and quickly to a plan: better regulatory treatment of stressed assets if a resolution plan is underway, accelerated provisioning if no agreement can be reached.

4.      Improvement in current restructuring process: Independent evaluation of large value restructurings mandated, with a focus on viable plans and a fair sharing of losses (and future possible upside) between promoters and creditors.

5.      More expensive future borrowing for borrowers who do not co-operate with lenders in resolution.

6.      More liberal regulatory treatment provided for asset sales:

 

·         Lenders can spread loss on sale over two years provided loss is fully disclosed.

·         Take-out financing/refinancing possible over a longer period and will not be construed as restructuring.

·         Leveraged buyouts will be allowed for specialised entities for acquisition of ‘stressed companies’.

·         Steps to enable better functioning of Asset Reconstruction Companies mooted.

·         Sector-specific Companies/Private equity firms encouraged to play active role in stressed assets market.

 

Going forward, while some regulatory and governmental measures may be required to address the factors that are leading to deteriorating asset quality, there is an equal need for proper credit risk management and credit discipline among lenders. RBI also stated that this framework will be fully effective from April 1, 2014. However, in the meanwhile, banks and specified non-bank lenders should put in place necessary system and infrastructure to effectively implement the Framework.

 

Warm regards,

 

Dr. S P Sharma

Chief Economist

 

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Oriental Bank of Commerce RESULTS FOR 31ST DECEMBER, 2013

31012014

HIGHLIGHTS OF FINANCIAL RESULTS FOR 31ST DECEMBER, 2013

 

                                                                                                                     (Rs. in Crore)

 

Dec,2013

Dec,2012

Growth (YoY)

Business Mix

3,16,432

2,92,118

8.32%

Total Deposits

1,82,470

1,68,492

8.30%

Total Advances

1,33,962

1,23,626

8.36%

Core Deposits

1,53,978

1,35,613

13.54%

CASA Deposits

44,156

40,229

9.76%

CASA per Branch

21.14

20.84

1.44%

Retail Term Deposits (less than               Rs.1 Cr)

63,643

56,564

12.52%

Retail Advances

15,738

13,588

15.83%

Priority Sector Advances

48,017

43,758

9.73%

CD Ratio

73.53%

73.47%

 6 bps

Cost of Deposits- Nine Months

7.68%

7.91%

-23 bps

Net Interest Margin (NIM) –

 

Nine Months

2.81%

2.81%

__

Business per Employee

16.12

15.35

5.00%

Book Value per Share (in Rs.)

425.66

401.72

5.96%

 

o   Total Income (Nine Months) increased by 6.57% (YoY) to Rs.15,307 Crore.

 

o   Interest Income (Nine Months) increased by 7.18% (YoY) to Rs.14,117 Crore.

 

o   Net Interest Income (Nine Months) increased by 9.49% (YoY) to Rs.3,818 Crore.

 

o   Operating Profit: Rs.858 crore for Q3; Rs.2,772 crore for Nine Months.

 

o   Net Profit: Rs.224 crore for Q3; Rs.829 crore for Nine Months.

 

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‘Beyond planetary boundaries to unlimited national potential’

31012014

International Seminar
‘Beyond planetary boundaries to unlimited national potential’
(February 4th‐5th, 2014)
4th February 2014: Development Alternatives World Headquarters &
5th February 2014: Seminar Hall No. I, Main Building, India International Centre (IIC), New Delhi
• The two-day seminar to focus on themes like ‘Plundering the Planet’, ‘Why Countries
underperform’, ’Smart Cities’ and ‘Decoupling Resources and Economy’.
• Policy makers, academicians, renowned international experts and authors to present their views on
a more Sustainable Future for India and the World
• Organised by global think tank Development Alternatives (DA)and the Club of Rome (COR)
New Delhi, Jan 30, 2014: The current global development scenario is marked by widespread anxiety,
apprehension and contradictions. If we look at scientific evidences, it shows that we have reached the
‘planetary boundaries’, as human pressures on the planet are at the point where they pose major risks for
future welfare and prosperity. At this juncture a major rethink in our financial, fiscal and economic models is
needed in order to strengthen the planet’s resilience and its ability to provide a safe space for human
development and well-being. The same is also true about India’s economic development process which is
accompanied by widening social disparities and incessant plundering of natural resources. To discuss and
deliberate on these immensely important contemporary issues, Development Alternatives (DA), a global
think tank in collaboration with Club of Rome is organising the two-day seminar.
According to Dr Ashok Khosla, Chairman, Development Alternatives (DA), and former Co-President of the
Club of Rome, “This International seminar is taking place at a time of unprecedented breakdowns in the
global economic systems, the environmental resource base and societal resilience. Its purpose will be to
explore the conditions and changes needed for recreating a better balanced world. It is becoming clear to
many that any effort in this direction needs a revival of value systems that care for and nurture all of
humanity, all of nature and all of the future.”
To be organised on February 4 & 5, 2014, the experts and speakers in the seminar will look at how different
challenges and issues, namely climate, finance, economy and employment are interlinked while outlining a
number of key solutions. An interesting part of the seminar would be the reassessment of the book ‘Limits
to Growth’ (1972) and its relevance in today’s context. One of the authors of the book, Jorgen Randers, will
also be present. The outcome of the seminar will provide substantial inputs to policy makers in both the
public and private sector, which will help represent the needs of India at global forums to support equitable
and environmentally sound and Sustainable development.
Speakers and Sessions
The Seminar will be addressed by visiting members from the Club of Rome, along with leaders from
business, government, academics and civil society who would commit collective action within sectors and
define the policy changes needed to enable industry-wide transformation for inclusive and sustainable
green growth. Prominent speakers include, Prof Deepak Nayyar (JNU), S. Ramadorai (Chairman, Indian
National Association for the Club of Rome and Chairman, National Skill Development Agency), Nitin Desai
(Special Advisor, The Secretary General of UN for the World Summit on the Information Society), Anvita
Arora, CEO, Innovative Transport Solutions (iTrans). The overseas members from the Club of Rome include
Anders Wijkman, Co-President, Ian Johnson, Secretary General, and several authors of recent Club of Rome
publications, Graeme Maxton (Economist and Author), Jorgen Randers (Professor, BI Norwegian Business
School) and Ugo Bardi (Professor, University of Florence).
About Development Alternatives (DA)
Headquartered in New Delhi, Development Alternatives (DA) is a pioneer in sustainable development and is
among the top 150 global Think Tanks. It has built up a global presence in economic development,
social empowerment and environment management. DA fulfills its mission to end poverty and regenerate
the resource base by creating economic opportunities for communities and local enterprises to generate
sustainable livelihoods and basic needs products. It achieves this by innovating and delivering technologybased,
market oriented solutions through a group of not-for-profit organizations and for-profit companies.
About Club of Rome (COR)
Established in 1968, The Club of Rome is a non-profit organisation, which aims “to act as a global catalyst for
change through the identification and analysis of the crucial problems facing humanity and the
communication of such problems to the most important public and private decision makers as well as to the
general public.” The broad goal of the national chapter, CoR-India, is to help design an agenda for
governments in India, the business sector as well as all its citizens organizations that could enable everybody
in this country to live a full life in harmony with their surroundings by the centenary of the nation, 2047.
For more details:
Ms Deepti Roy Ms Neha Agrawal
M: 9871849472 M: 9910068014
E: droy@devalt.org E: neha@cmsrconsultants.com

 

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31012014

Director Nila Madhab Panda Promoted his film “Babloo Happy hai” with starcast in Noida

 

Nila Madhab Panda, a well known director, critically praised especially for his film “I am Kalam” has made a new film “Babloo Happy hai”, for which, he visited Hotel Radisson Blu, Noida with actorsSahil Anand, Sumit Suri & Preet Kamal and promoted the film

 

Talking about the film Nila Madhab Panda said, “The film Babloo Happy is of comedy genre, all the young actors who have worked on it are very hardworking. I think, it is rather difficult to make comedy films because you can easily hurt people but making someone laugh is something very difficult and I hope I will be succeeded if I could make even one person laugh through this film. I am sure people will like this film of mine”

 

‘Babloo Happy Hai’ is a film that embraces these words, as it takes you on a journey through the breathtaking mountains, and through the lives of a set of memorable characters who will make you think again about love, and fall in love with love itself. It is a story set in the fast-paced times we live in today, concerning those who are forced to move the fastest – our youth.

 

Amidst the common notions of irreverence and rebellion, the youth of today is troubled by many questions, puzzled by many choices, battling with a lot of pressures; wandering perhaps, but not entirely lost. The most basic of these conflicts, however, remains the question of love.

“Babloo Happy hai” is a comedy film and is all set to be released on 7th Feb.

 

Shailesh Giri

Effective Communication

 

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Celebrate Diversity in Nature at the specially designed film festival & forum begins

31012014

 

 DSC_6241

The 5 day biodiversity gala features film festival, forums, exhibitions, musical festival, food festival, green bazaar and many more at the IGNCA Lawns.

In a completely new format, a five day green festival is being organised at the Indira Gandhi National Centre for the Arts (IGNCA) in New Delhi from (Thursday – Monday) which started from Jan 30, 2014.

For the first time in the world, a film festival & forum is being organized in open grounds (not in auditoriums). Inspired from the Jaipur Literature Festival and in its endeavour to mainstream biodiversity issues to general public, this specially curated festival is spread across 27 acres of IGNCA campus (near India Gate and Central Secretariat Metro Station).

Special venues and layouts are being created to make it people friendly and highly engaging to both general public and also for the professionals in this field.  The six main venues in this festival are : 1) International Screen – where all best of world cinema and the nominated international films will be screened; 2) ONGC Lawn where film screenings with open forums with film makers & experts is scheduled; 3) Japan Lawn is situated in the amphitheatre and will host all the important thematic sessions; 4) UNDP & GIZ Lawn for Coastal and Marine Biodiversity will have screenings and thematic discussions; 5) CMS lawn will have discussions and media interactions; 6) Young Champions Lawn is a special lawn  dedicated section solely for the youth with activities such as film screenings for children, interactive sessions with filmmakers, workshops on  puppetry  and paper mache & crafts, painting competition, and biodiversity games.

The festival hosted a high profile Inaugural Ceremony on the evening of Jan 30, 2014.Mr. K.S Rao Union Minister for Textiles graced the occasion as the Chief Guest.  Dr Karan Singh, MP and President, ICCSR and Ms. Lise Grande, UN Resident Coordinator and UNDP Resident Representative in India was also present at the inaugural ceremony. Mr. V B Mathur, Senior Professor & Dean, Wildlife Institute of India (WII) and Mr A S Panneerselvan, Executive Director, PANOS South Asia were among the special invitees.

Ms. Vijaya Mulay, veteran documentary filmmaker was awarded with the CMS VATAVARAN Lifetime Achievement Award for her outstanding contribution in filmmaking. CMS VATAVARAN Prithvi Ratna Award was given to Mr. Sanjay Barnela, filmmaker for outstanding contribution to nature and conservation filming throughout their career which has resulted in bringing change in perception, practice and policy with regards to environment.  CMS VATAVARAN also presented the PSA CMS Media Excellence Awards for excellence in environment reporting. This year, the awards was  presented to Ms. Juhi Chaudhury (CNN IBN), Ms. Chandan Haygunde (Indian Express, Pune), Amantha Perrera (Sri Lanka) and Subhra Priyadarshini (India)

The festival also promises Along with film screenings and thematic discussions there will also be book launches, live demos on aerial photography, exhibitions, film booth, food court, green haat (shopping), music festival, interesting art installations, 40 ft life size whale shark & Gaju on display for promoting environment sensitivity at scale.

‘Kalpvriksh’ directed by Manika Sharma and starring Shabana Azmi will be screened at 4:30 pm the 7th CMS VATAVARAN – Asia’s largest film festival and forum on environment & wildlife. Noted film actor Shabana Azmi was present in the forum. The film session also had producer Raajaysh Chetwal and its director Manika Sharma for an open forum.

The festival theme this year is mainstreaming biodiversity conservation at different levels to promote living in harmony with nature. Based on this theme, three schools in Delhi (The Shri Ram Schools, Sri Venkateshwar International School and Bloom Public School) are decorating the entire venue with their art, crafts and sculptures.

In all, during this five day festival, these specially designed and constructed thematic lawns will showcase 150 films and more than 70 eminent speakers in various 48 thematic sessions and expert discussions. Organisations and individuals working across the country on various biodiversity conservation efforts will be participating in this festival. Renowned conservationists, policy makers and the concerned communities will also be engaged in deliberations and discourses on the range of the sub themes and cross cutting issues.  Amol Palekar (actor and director),  Shabana Azmi (film actor), Belinda Wright (founder of WPSI), Bahar Dutt (environment journalist), Shekhar Dattari (wildlife filmmaker), Dr Raghuwat Chundawat (conservation biologist), Sunita Narain (activist), Kartikeya Sarabhai (environment educator), Ranjit Lal (children’s author and columnist); Vivek Menon (conservationist);  are some of the confirmed speakers at this forum.

Celebrate diversity in nature in Asia’s largest film festival & forum on environment and wildlife !

To participate, register online –  http://www.cmsvatavaran.org

 

About CMS VATAVARAN: The rich experience of CMS in environmental issues & development communication sowed the seeds of CMS VATAVARAN, India’s only International Environment & Wildlife Film Festival and Forum. In its decade long eventful journey from 2002 – 2012, CMS VATAVARAN has become a movement and inspired many organisations / individuals to use films and film festivals as a medium to catalyse change. It has created a strong network of Indian and International filmmakers, policymakers, academicians, research think tanks, environmentalists, journalists, students of all streams, defense & paramilitary forces and nature enthusiasts.  The festival has an International recognition and till date 39 festivals have been organised across 26 cities of India.

CMS VATAVARAN remains resolute to encourage environment films and forums resulting change in perception, practice and policy.

 

For more details contact:

Ms Indira AkoijamMedia Coordinator – CMS VATAVARAN

E: Indira@cmsindia.org, Cell: 9899979161, Phone – 011 26864020 / 26851660

CMS, RESEARCH House, Saket Community Centre, New Delhi 110017

 

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Panasonic India launches 2 new Microwave Ovens

31012014

                                                                             Panasonic_RGB

Panasonic India launches 2 new Microwave Ovens specialized for Indian cooking

·         Targeting 7% Market Share in the next 6 months and 10% by Diwali ’14

·         Revolutionizes Microwave cooking with its latest Ovens

 

24th December, 2013; New Delhi: For all Connoisseurs of food out there, here comes a new year present from Panasonic! Keeping in mind, the wants of food enthusiasts who crave for mouthwatering yet healthy and fast to cook food, Panasonic has rolled out its new range of convection microwaves in 23 litres capacity.

When it comes to using microwave, one of the biggest issues faced by users is the space constraint. Their houses are packed and thus the people have less space to fit their belongings, so elaborate cooking appliances are not an option for the working class homes. The newly launched microwaves because of their size and sleek design take little space and are suitable in catering to the needs of a four member household. The microwaves are designed to offer everyday convenience with features like more space, combination cooking and easy cleaning.

NN-DF383BFCE: The Panasonic Microwave Double Heater with Inverter is perfect for preparing Indian specialties by methods of Barbeque, Baking and Tandoor. It comes with double heater system which heats the food from top and bottom for a perfect finish. Equipped with inverter technology which uses precise heat control, it delivers sumptuous meals without much effort. A very unique feature of this model is its flat & wide cavity which provides a 57% more usable space than a regular 23 litres microwave and helps cook a lot of food at once. Panasonic NN-DF383BFCE is priced at Rs____  Some of its useful features include:

·         Double Heater System

·         71 Auto Cook Menus

·         Sensor Reheat: Automatic 1 touch heating;

·         Simultaneous Combination Cooking

·         Inverter Technology: Precise Heat Control

·         57% more usable space than a regular 23 Litre

NN-CT353BFCG: The Panasonic Microwave Convection Oven is a blessing for anyone who cooks. The latter assists the cook with the help of its 61 Auto Cook Menus and Express Cooking services, promising quick, easy and tasty food on the plate. Panasonic NN-CT353BFCG is priced at Rs 12, 490. It comes with the following features:

·         61 Auto Cook Menus

·         Turbo Defrost

·         Express Cooking

·         40, 100-200 Degree Temperature settings

·         Easy & Reliable Membrane Switches

Mr. Gaurav Minocha – Head, Home Appliances Panasonic India was thrilled to announce the launch of the latest set of microwave ovens. “In India, microwaves have been mostly used for secondary purposes like reheating food. In its efforts to introduce microwave cooking to Indian household, Panasonic has launched microwave ovens especially designed to cook Indian variety of food which require intense procedures like thorough cooking and grilling. This would greatly ease out cooking for the Indian homemaker while at the same time delivering healthy yet delicious meals.”

Both the models will be available in market from January onwards.

About Panasonic India

Panasonic makes available in India its wide range of consumer electronics, home appliances like LCD & Plasma TVs, DVD players, home theatre systems, cameras, camcorders, car audio systems, air conditioners, washing machines, refrigerators, microwave ovens, automatic cookers, vacuum cleaners and a wide range of system products including communication ones like Phones, High Definition Videoconferencing, Professional Audio Video products like broadcast cameras, Projectors and Displays, Business Solutions including Printers, Whiteboards and Security solutions. The company currently has a workforce of about 12,500 in India. For more information on the company and the Panasonic brand in India, please visit http://panasonic.co.in.

Celebrate Diversity in Nature at the specially designed film festival & forum begins

31012014

 DSC_6241

The 5 day biodiversity gala features film festival, forums, exhibitions, musical festival, food festival, green bazaar and many more at the IGNCA Lawns.

In a completely new format, a five day green festival is being organised at the Indira Gandhi National Centre for the Arts (IGNCA) in New Delhi from (Thursday – Monday) which started from Jan 30, 2014.

For the first time in the world, a film festival & forum is being organized in open grounds (not in auditoriums). Inspired from the Jaipur Literature Festival and in its endeavour to mainstream biodiversity issues to general public, this specially curated festival is spread across 27 acres of IGNCA campus (near India Gate and Central Secretariat Metro Station).

Special venues and layouts are being created to make it people friendly and highly engaging to both general public and also for the professionals in this field.  The six main venues in this festival are : 1) International Screen – where all best of world cinema and the nominated international films will be screened; 2) ONGC Lawn where film screenings with open forums with film makers & experts is scheduled; 3) Japan Lawn is situated in the amphitheatre and will host all the important thematic sessions; 4) UNDP & GIZ Lawn for Coastal and Marine Biodiversity will have screenings and thematic discussions; 5) CMS lawn will have discussions and media interactions; 6) Young Champions Lawn is a special lawn  dedicated section solely for the youth with activities such as film screenings for children, interactive sessions with filmmakers, workshops on  puppetry  and paper mache & crafts, painting competition, and biodiversity games.

The festival hosted a high profile Inaugural Ceremony on the evening of Jan 30, 2014.Mr. K.S Rao Union Minister for Textiles graced the occasion as the Chief Guest.  Dr Karan Singh, MP and President, ICCSR and Ms. Lise Grande, UN Resident Coordinator and UNDP Resident Representative in India was also present at the inaugural ceremony. Mr. V B Mathur, Senior Professor & Dean, Wildlife Institute of India (WII) and Mr A S Panneerselvan, Executive Director, PANOS South Asia were among the special invitees.

Ms. Vijaya Mulay, veteran documentary filmmaker was awarded with the CMS VATAVARAN Lifetime Achievement Award for her outstanding contribution in filmmaking. CMS VATAVARAN Prithvi Ratna Award was given to Mr. Sanjay Barnela, filmmaker for outstanding contribution to nature and conservation filming throughout their career which has resulted in bringing change in perception, practice and policy with regards to environment.  CMS VATAVARAN also presented the PSA CMS Media Excellence Awards for excellence in environment reporting. This year, the awards was  presented to Ms. Juhi Chaudhury (CNN IBN), Ms. Chandan Haygunde (Indian Express, Pune), Amantha Perrera (Sri Lanka) and Subhra Priyadarshini (India)

The festival also promises Along with film screenings and thematic discussions there will also be book launches, live demos on aerial photography, exhibitions, film booth, food court, green haat (shopping), music festival, interesting art installations, 40 ft life size whale shark & Gaju on display for promoting environment sensitivity at scale.

‘Kalpvriksh’ directed by Manika Sharma and starring Shabana Azmi will be screened at 4:30 pm the 7th CMS VATAVARAN – Asia’s largest film festival and forum on environment & wildlife. Noted film actor Shabana Azmi was present in the forum. The film session also had producer Raajaysh Chetwal and its director Manika Sharma for an open forum.

The festival theme this year is mainstreaming biodiversity conservation at different levels to promote living in harmony with nature. Based on this theme, three schools in Delhi (The Shri Ram Schools, Sri Venkateshwar International School and Bloom Public School) are decorating the entire venue with their art, crafts and sculptures.

In all, during this five day festival, these specially designed and constructed thematic lawns will showcase 150 films and more than 70 eminent speakers in various 48 thematic sessions and expert discussions. Organisations and individuals working across the country on various biodiversity conservation efforts will be participating in this festival. Renowned conservationists, policy makers and the concerned communities will also be engaged in deliberations and discourses on the range of the sub themes and cross cutting issues.  Amol Palekar (actor and director),  Shabana Azmi (film actor), Belinda Wright (founder of WPSI), Bahar Dutt (environment journalist), Shekhar Dattari (wildlife filmmaker), Dr Raghuwat Chundawat (conservation biologist), Sunita Narain (activist), Kartikeya Sarabhai (environment educator), Ranjit Lal (children’s author and columnist); Vivek Menon (conservationist);  are some of the confirmed speakers at this forum.

Celebrate diversity in nature in Asia’s largest film festival & forum on environment and wildlife !

To participate, register online –  http://www.cmsvatavaran.org

 

About CMS VATAVARAN: The rich experience of CMS in environmental issues & development communication sowed the seeds of CMS VATAVARAN, India’s only International Environment & Wildlife Film Festival and Forum. In its decade long eventful journey from 2002 – 2012, CMS VATAVARAN has become a movement and inspired many organisations / individuals to use films and film festivals as a medium to catalyse change. It has created a strong network of Indian and International filmmakers, policymakers, academicians, research think tanks, environmentalists, journalists, students of all streams, defense & paramilitary forces and nature enthusiasts.  The festival has an International recognition and till date 39 festivals have been organised across 26 cities of India.

CMS VATAVARAN remains resolute to encourage environment films and forums resulting change in perception, practice and policy.

 

For more details contact:

Ms Indira AkoijamMedia Coordinator – CMS VATAVARAN

E: Indira@cmsindia.org, Cell: 9899979161, Phone – 011 26864020 / 26851660

CMS, RESEARCH House, Saket Community Centre, New Delhi 110017

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 25th 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 Tessa Wardlaw, Chief of UNICEF’s Data and Analytics Section. “Further progress can only be made if we know which children are the most neglected, where girls and boys are out of school, where disease is rampant or where basic sanitation is lacking.”

Tremendous progress has been made since the Convention on the Rights of the Child (CRC) was signed in 1989 and in the run up to the culmination of the Millennium Development Goals in 2015. UNICEF’s flagship report, The State of the World’s Children 2014 in Numbers shows that:

– Some 90 million children who would have died before reaching the age of 5 if child mortality rates had stuck at their 1990 level have, instead, lived. In large measure, this is because of progress in delivering immunizations, health, and water and sanitation services.

– Improvements in nutrition have led to a 37 per cent drop in stunting since 1990.

– Primary school enrolment has increased, even in the least developed countries: Whereas in 1990 only 53 in 100 children in those countries gained school admission, by 2011 the number had improved to 81 in 100. (new)

Even so, the statistics in the report, titled “Every Child Counts: Revealing disparities, advancing children’s rights,” also bear witness to ongoing violations of children’s rights:
– Some 6.6 million children under 5 years of age died in 2012, mostly from preventable causes, in violation of their fundamental right to survive and develop.

– Fifteen per cent of the world’s children are put to work that compromises their right to protection from economic exploitation and infringes on their right to learn and play.

– Eleven per cent of girls are married before they turn 15, jeopardizing their rights to health, education and protection. (it has not been written about)

Data also reveal gaps and inequities, showing the gains of development are unevenly distributed:

– The world’s poorest children are nearly three (2.7) times less likely than the richest ones to have a skilled attendant at their birth, leaving them and their mothers at increased risk of birth-related complications.

– In The Niger, all urban households but only 39 per cent of rural households have access to safe drinking water.

– In Chad, for every 100 boys who enter secondary school, only 44 girls do – leaving them without an education and without protections and services that schools can provide.

The report notes that “being counted makes children visible, and this act of recognition makes it possible to address their needs and advance their rights.” It adds that innovations in data collection, analysis and dissemination are making it possible to disaggregate data by such factors as location, wealth, sex, and ethnic or disability status, to include children who have been excluded or overlooked by broad averages.

The report urges increased investment in innovations that right the wrong of exclusion.

“Overcoming exclusion begins with inclusive data. To improve the reach, availability and reliability of data on the deprivations with which children and their families contend, the tools of collection and analysis are constantly being modified – and new ones are being developed. This will require sustained investment and commitment,” the report says.

Much of what is known about the situations of children comes from household surveys, and in particular the Multiple Indicator Cluster Surveys (MICS). Designed and supported by UNICEF, MICS are conducted by national statistical authorities and provide disaggregated data on a range of topics affecting children’s survival, development, rights and experience of life. To date, MICS surveys have been conducted in more than 100 countries. In the last round of MICS, interviews were completed in more than 650,000 households in 50 countries.

Thirty years have passed since The State of the World’s Children began to publish tables of standardized global and national statistics aimed at providing a detailed picture of children’s circumstances. With the release of an edition of the report dedicated to data, UNICEF is inviting decision-makers and the general public to access and use its statistics – at www.data.unicef.org – to drive positive change for children.

“Data do not, of themselves, change the world. They make change possible – by identifying needs, supporting advocacy, and gauging progress. What matters most is that decision-makers use the data to make positive change, and that the data are available for children and communities to use in holding duty-bearers to account,” the report said.
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Broadcasters: A video news story is available at http://weshare.unicef.org/mediaresources

To read The State of the World’s Children 2014 In Numbers: Every Child Counts – Revealing disparities, advancing children’s rights and to see additional multimedia material, please visit: http://www.unicef.org/sowc2014/numbers

For information on MICS, please visit http://www.childinfo.org/mics.html

About UNICEF
UNICEF promotes the rights and wellbeing of every child, in everything we do. Together with our partners, we work in 190 countries and territories to translate that commitment into practical action, focusing special effort on reaching the most vulnerable and excluded children, to the benefit of all children, everywhere.

For more information about UNICEF and its work visit: www.unicef.org

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Arvind Kejriwal in press conference self praises for his government

31 01 2014

Arvind Kejriwal in press conference praises his government.
AAP Party in Delhi a party of unemployed youths lower class whose hopes have nosedived but find easy way to be associated with. Party has failed even to pay to their volunteers even meagre amount to sustain further has not been able to provide food or proper working structure for the party. Arvind the only voice projected with funds and some incongruous statements which remains still unanswered is the quick fix of the party.  
 A political party indulging in self praise has failed to bring neutral observes as Lokpal on the working of AAP as they had promised before coming to power,their appointment of lokpal which is being ensigaed by various e channels is not very much different from the federal structure.Thus AAP is getting disconnected from Delhi people  every day and their loud mouth spokesperson further dilute their popularity.people hopes have been dashed to ground and has become a laughing stock of political class of new tugs as roadside herb sellers and make fast buck. AAP has failed in its transparency front when it failed to give any substantive or any answer to High Court.Their idealistic talks in public domain about common man proves to be an hoax unless it is seen at the ground levels.. 
Many political experts allege that their whole intention is to gather money, mint money  on causes with need total overhaul and is beyond AAP.
Dear Friends, Your government in Delhi has completed one month in office. It has been wonderful yet challenging opportunity to serve the people of Delhi. I want to share some of the highlights of our work with you and seek your honest feedback. One thing I will say for sure – all ministers and MLAs of AAP did our task sincerely and honestly, putting the people above everything else. I look forward to your continued support.
In their release to media person they further added, Aam Aadmi Party (AAP) strongly condemns the nefarious attempts by a Congress MLA to disrupt the press conference of Delhi chief minister Arvind Kejriwal on Thursday.

MLA Asif Mohammad Khan inappropriately barged into a press briefing at the Delhi Secretariat and indulged in highly objectionable behavior, which is totally unbecoming of an elected representative.

 

He raised the issue of Batla House encounter and the AAP would like to set the record straight. This encounter had taken place on 19 September 2008, when there were Congress governments in Delhi as well as at the Centre.

 

The AAP had not come into existence till then, but it was noted lawyer and human rights activist, Prashant Bhushan (now a national executive member of the AAP) who had filed a petition in the Delhi High Court seeking an independent investigation into this encounter.

 

The High Court asked the National Human Rights Commission (NHRC) to look into the matter. The NHRC accepted the probe report of the Delhi Police Crime Branch. This was again challenged by Mr Bhushan in the Supreme Court.

 

A three judge bench of the Supreme Court, headed by the then Chief Justice of India KG Balakrishnan dismissed the petition seeking an independent/judicial inquiry into the encounter.

 

The Supreme Court ruled that no further probes were required in this matter.

 

Mr Asif has tried to spread a lot of falsehoods today. It is important to rebut these false allegations. Without reading the AAP manifesto, he has given statements that it promises a probe into this encounter. THERE IS NO SUCH MENTION IN THE AAP MANIFESTO.    

 

Mr Asif needs to answer the question as to why he joined the Congress Party in August 2013 after having won the 2008 assembly election on the RJD ticket, despite the fact that Congress governments of Delhi and even the centre had termed the encounter as genuine in the High Court and the Supreme Court.

 

It is really beyond reasonable understanding that he chose to contest on the ticket of a party which supported the encounter and opposed any attempt to get it probed and is seeking answers from a government which believes in justice for all and discrimination against none.

Before questioniong others, Mr Asif should spell out the stand of the party to which he belongs, on this issue.

 The AAP makes it clear that it stands committed for justice to all sections of the society and is firmly against implication of innocents in false cases, irrespective of their religion, region or caste.

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 Asia’s leading art fairs. This year the art fair will include 91 exhibiting booths and 1000 artists in the general exhibition area and solo projects. It will also include a video project, art bookstores, assortment of book launches, children’s workshops, curated walks and a curated art projects section with 24 large scale installations. The key highlights of the fair also include an engaging Speakers Forum with 30 world renowned speakers and a city wide Collateral Events programme. The fair also hosts a tightly curated VIP Programme, in collaboration with public institutions, galleries and private art organizations, for visiting collectors and museums. India Art Fair has played a key role in exposing galleries from across India to a variety of individual and institutional buyers from across the country and the wider world. It has been visited by 400,000 people from over 60 cities over its five previous editions. This edition of the fair will take place in the heart of South Delhi, inside a custom-built tent spanning more than 20,000 sq. metres, designed by a highly-regarded Indian architectural firm. In addition to the participation of leading and emerging contemporary galleries, an extensive Art Projects programme spanning the outdoor and indoor fair space will be a major focus of the fair this year, presenting a range of work from high profile Indian and international artists. Among the rich selection on offer, projects include the installation Aura by Subodh Gupta, a video-art project curated by Bhavna Kakar, the sculptural project Agalma by artist Anjana Kothamachu, and artist Riyas Komu’s unique project involving the creation of a Collectors Room. Other projects include L N Tallur’s sculpture Path Finder, Anindita Dutta’s sculpture based performance work and Chintan Upadhyay’s iconic shrine Lost Soul. PRESS CONTACTS: India: Amrita Kapoor |New Delhi | + 91 9818058964 | amrita.kapoor@flint-pr.com International: Camilla Purdon |London| +44 203 4632086 | camilla.purdon@flint-pr.com This year’s fair has also attracted leading jeweller NIRAV MODI who will be presenting a collection of exquisite custom made designs inspired by motifs from the Mughal miniature school of art, encrusted with precious gems and priceless diamonds. For the first time the art fair will have participation from museums Mark Rothko Art Center Latvia, and also The Himalayas Art Museum in Shanghai as part of a major delegation of Chinese collectors attending the fair with a view to stimulating Indo-Chinese cultural exchange between collectors and museums. Another first for 2014, India Art Fair announces the inaugural edition of a new Mentor and Protégé Program. It is a philanthropic programme that will seek a gifted young artist from India and connect them with an artistic master for a year of creative collaboration in a one-on-one mentoring relationship. In its first edition the Mentors will be Dayanita Singh, world-renowned photographer artist and Jitish Kallat, one of the most prominent figures of Contemporary Indian Art. Through this initiative India Art Fair will keep with its tradition of supporting individual excellence. Through its engaging Speakers’ Forum (free of charge to the public), visitors will be able to hear some of the best minds from diverse fields within the visuals arts. Highlights from the roster of speakers include Budi Tek (the Chinese-Indonesian entrepreneur, art philanthropist, and collector), Philip Dodd (Chairman of Made in China), Chris Dercon (Director Tate Modern London), Homi Bhabha (Critical Theorist and Anne F. Rothenberg Professor of English and American Literature and Language, and the Director of the Humanities Centre at Harvard University), Bharti Kher (Artist) and Jeebesh Bagchi (Member Raqs Media Collective). To foster growth and encouragement for this intellectual body of the fair, the Speakers’ Forum has received support from Forum Partner JSW Steel and Academic Partners Goethe Institut, Critical Collective and Pro Helvetia. “The Indian art market has seen a considerable uplift over the last couple of months, and as we prepare for the 6th edition of India Art Fair there is a renewed level of confidence in the market, from both the buying and selling perspective. India Art Fair has a hugely exciting programme ahead, with 91 booths and 1000 artists participating from galleries across the globe. When we consider the scale and scope of not just the art fair but the way the larger scene has evolved since we started, we certainly have come a long way as an emerging market and continue to have the most promising years still ahead of us for both modern and contemporary art.” Neha Kirpal, Founder and Director, India Art Fair. “YES BANK recognizes the enormous growth potential in the field of Art, and we are continuously striving to facilitate a responsible attitude to Indian and global Art, by introducing synergistic corporate interest, support and patronage through corporatization of Art. We at YES BANK are proud to be the Presenting Partner of India Art Fair and endeavour to spearhead initiatives which can foster creativity and promote the development of Art in the long run.” Rana Kapoor, Managing Director & CEO, YES BANK Limited Attachments: Industry endorsements for the 6th Edition of India Art Fair. # Images of the artwork to be showcased are available on request Notes to Editors About India Art Fair: India Art Fair is a trademarked event property owned by Seventh Plane Networks. Its Founding Director Neha Kirpal launched the fair in 2008, and has been instrumental in steering the fair’s unprecedented growth over 6 years into becoming the premier destination for art in the region. In 2011, Neha Kirpal divested a stake in India Art Fair to two new strategic partners; Sandy Angus (Chairman of global exhibitions group Montgomery Worldwide which has launched several art fairs around the world) and Will Ramsay (Founder of PULSE Art Fairs, and Affordable Art Fairs). Mr. Angus and Mr. Ramsay are also co-founders of the Hong Kong International Art Fair and bring in their global expertise in exhibitions and events, and the support of a truly global network to India Art. For the 6th edition, YES BANK will be Presenting Partner. YES BANK’s association with India Art Fair is part of the Bank’s Retail and Wealth Management initiative. India Art Fair is also supported by ABSOLUT as Associate Partner, and other partners are Panerai, Le Meridian and Conde Nast India. http://www.indiaartfair.in FOLLOW INDIA ART FAIR ON: PRESS CONTACTS: India: Amrita Kapoor |New Delhi | + 91 9818058964 | amrita.kapoor@flint-pr.com International: Camilla Purdon |London| +44 203 4632086 | camilla.purdon@flint-pr.com

India’s illiterate adults stands at 287 million: UNESCO

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India has the highest population of illiterate adults and constitutes 37% of the global total though India ’s literacy rate rose from 48% in 1991 to 63% in 2006 

 

According to the Education for All Global Monitoring Report 2013-14 by the United Nations Educational, Scientific and Cultural Organization (UNESCO), India has the highest population of illiterate adults at 287 million which is 37% of the global total. India’s literacy rate rose from 48% in 1991 to 63% in 2006 while for the latest year, population growth cancelled the gains so there was no change in the number of illiterate adults.  

 

The Report also mentioned about education spending in various countries and highlighted that India reduced its spending on education from 4.4% of GNP in 1999 to 3.3% in 2010 while it spent 10% of its government budget on education in 2011 which is a reduction from 13% in 1999. In one of India ‘s wealthier states, Kerala, education spending per pupil was about $685. Similarly, in Himachal Pradesh it was US$542. By contrast, in West Bengal it was US$127 while in the state of Bihar it was just US$100.

 

The report mentioned that the education also helps overcome gender biases in political behavior to deepen democracy. In India , reducing the gender literacy gap by 40% increased the probability of women standing for state assembly election by 16% and the share of votes that they received by 13%. The report also showed strong correlation between female literacy and child mortality. An increase in the female literacy rate from 58%, the current average in the districts surveyed, to 100% would lead to a reduction in the under-5 mortality rate from 81 to 55 deaths per 1,000 live births.

 

The report also suggested that if India reduced tax exemptions, tackled tax evasion and diversified its tax base, it could greatly change this picture. In India , the majority of tax revenue forgone is due to exemptions from custom and excise duties. The revenue lost to exemptions came to the equivalent of 5.7% of GDP in 2012-13. If 20% of this had been earmarked for education, the sector would have received an additional US$22.5 billion in 2013, increasing funding by almost 40% compared with the current education budget.

 

The Report also talked about the Sarva Shiksha Abhiyan with allocations still not sufficiently reaching the states most in need. Further, it also highlighted that improving access to quality education could save an enormous number of lives in India and Nigeria, which together account for more than a third of child deaths and added that if all women had completed secondary education, it would have been 61% lower in India.

 

The Report also highlighted that only 9% of primary school teacher candidates passed the Central Teacher Eligibility Test introduced by the government in 2011 with little improvement in subsequent years.

 

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Aimia, AirAsia and Think Big Digital Form Partnership

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Aimia, AirAsia and Think Big Digital Form Partnership To Grow the AirAsia BIG Loyalty Program

Global Loyalty Leader joins with Asia’s Fastest Growing Low Cost Airline and Think Big Digital Sdn Bhd  to grow World Class Loyalty Program in Asia

 

KUALA LUMPUR, 30 January 2014 – Aimia Inc. (TSX: AIM) (“Aimia”), a global leader in loyalty management headquartered in Canada, AirAsia Berhad (BM: AIRA) (“AirAsia”), Asia’s fastest growing and largest low-cost airline, and Think Big Digital (“Think Big”) Sdn Bhd , today announced the signing of a partnership agreement for Aimia’s acquisition of a minority stake in Think Big, the owner and operator of BIG – AirAsia and Tune Group’s loyalty program.

Aimia will initially invest approximately (C$16 million) in Think Big, with up to an additional (C$7 million) to be invested if certain milestones are achieved by December 31, 2015.

The partnership combines AirAsia’s unrivaled success in the Asian market, which has seen it grow from just two aircraft to more than 160 in 12 years, Tune Group’s portfolio of successful companies including hotels, pre-paid Visa cards, insurance and music companies – and Aimia’s unmatched expertise in the design and management of travel-based loyalty programs, to provide BIG members and partners with a loyalty proposition that is truly rewarding.

“The partnership between AirAsia, Think Big Digital and Aimia is yet another way that AirAsia and Tune Group are innovating and driving change in the Asian airline market – all to the benefit of our members, guests and investors,” said Tony Fernandes, Group CEO of AirAsia and co-founder of Tune Group. “With its experience running the world’s largest standalone frequent flyer programs, the Aimia team has unique and invaluable insight. We are thrilled to be working together to leverage that knowledge as we continue to grow the AirAsia BIG loyalty program.”

“The AirAsia BIG loyalty program is a great opportunity to export Aimia’s coalition business model and to help our clients create deep and lasting relationships with their customers,” said Rupert Duchesne, Aimia’s Group Chief Executive. “Through this partnership with AirAsia and Tune Group, we look forward to sharing our experience with this program, while also growing our presence in the high-potential Asian loyalty market.”

AirAsia BIG loyalty program spans across Southeast Asia, a growing market with a population of 634 million. The region is ranked fourth globally in airline market size.

The AirAsia BIG loyalty program continues to benefit from the growing customer base of both AirAsia and Tune Group. It has already attracted a broad coalition of partners ranging from credit card companies, retail stores, petrol stations, and insurance and telecom firms, in addition to the AirAsia and Tune Group family partners.

“With AirAsia’s customer base of over 43 million guests a year, the potential of BIG to deliver deeper, more meaningful relationships to a broad membership base is significant,” said Alice Goh, CEO AirAsia BIG Loyalty program. “We believe that this potential extends beyond flight revenues and we look forward to working with all BIG partners to build a cutting-edge program.”

“Asia represents a key region for Aimia as we expand our presence globally, and we believe the partnership between ourselves, AirAsia and Tune Group provides a fantastic platform to further demonstrate our unique capabilities in the loyalty industry,” added Marc Allsop, Aimia’s Senior Vice President of Business Development. “This partnership brings three innovative, forward-thinking brands together for the long-term benefit of our customers.”

Caution Concerning Forward-Looking Statements

Forward-looking statements are included in this news release. These forward-looking statements are identified by the use of terms and phrases such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will”, “would”, and “should” and similar terms and phrases, including references to assumptions. Such statements may involve but are not limited to comments with respect to strategies, expectations, planned operations or future actions.

Forward-looking statements, by their nature, are based on assumptions and are subject to important risks and uncertainties. Any forecasts, predictions or forward-looking statements cannot be relied upon due to, among other things, changing external events and general uncertainties of the business and its corporate structure.

Results indicated in forward-looking statements may differ materially from actual results for a number of reasons, including without limitation, dependency on top accumulation partners and clients, changes to the Aeroplan Program, conflicts of interest, greater than expected redemptions for rewards, regulatory matters, retail market/economic conditions, industry competition, Air Canada liquidity issues, Air Canada or travel industry disruptions, airline industry changes and increased airline costs, supply and capacity costs, unfunded future redemption costs, failure to safeguard databases and consumer privacy, changes to coalition loyalty programs, seasonal nature of the business, other factors and prior performance, foreign operations, legal proceedings, reliance on key personnel, labour relations, pension liability, technological disruptions and inability to use third party software, failure to protect intellectual property rights, interest rate and currency fluctuations, leverage and restrictive covenants in current and future indebtedness, uncertainty of dividend payments, managing growth, credit ratings, as well as the other factors identified in this news release and throughout Aimia’s public disclosure record on file with the Canadian securities regulatory authorities.

The forward-looking statements contained herein represent Aimia’s expectations as of November 13, 2013, and are subject to change after such date. However, Aimia disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Photo caption:

AirAsia Group CEO Tony Fernandes and Aimia Group Chief Executive Rupert Duchesne striking the gong to mark the successfulsigning of a partnership agreement for Aimia’s acquisition of a minority stake in Think Big, the owner and operator of BIG – AirAsia and Tune Group’s loyalty program.

***ENDS***

About The AirAsia Group

AirAsia, the leading and largest low-cost carrier in Asia, services the most extensive network with 121 destinations. Within 12 years of operations, AirAsia has carried over 220 million guests and grown its fleet from just two aircraft to over 160. The airline today is proud to be a truly Asean (Association of Southeast Asian Nations) airline with established operations based in Malaysia, Indonesia, Thailand and the Philippines servicing a network stretching across all Asean countries as well as China, India and Australia. AirAsia was named the World’s Best Low Cost Airline in the annual World Airline Survey by Skytrax for five consecutive years from 2009 – 2013.

About Aimia

Aimia Inc. (“Aimia” or the “Corporation”) is a global leader in loyalty management. Employing more than 4,000 people in over 20 countries worldwide, Aimia offers clients, partners and members proven expertise in launching and managing coalition loyalty programs, delivering proprietary loyalty services, creating value through loyalty analytics and driving innovation in the emerging digital, mobile and social communications spaces. Aimia owns and operates Aeroplan, Canada’s premier coalition loyalty program, Nectar, the United Kingdom’s largest coalition loyalty program, Nectar Italia and Smart Button a leading provider of SaaS loyalty solutions. In addition, Aimia owns stakes in Air Miles Middle East, Mexico’s leading coalition loyalty program Club Premier, Brazil’s Prismah Fidelidade, China Rewards – the first coalition loyalty program in China that enables members to earn and redeem a common currency, and i2c, a joint venture with Sainsbury’s offering insight and data analytics services in the UK to retailers and suppliers. Aimia also holds a minority position in Cardlytics, a US-based private company operating in card-linked marketing for electronic banking. Aimia is listed on the Toronto Stock Exchange (TSX: AIM). For more information, visit us at www.aimia.com.

Punjab Kesari     ‏@punjabkesari                  4m       

#AAP नेता नहीं दे रहे पार्टी फंडिंग पर जानकारी : केंद्र ने #HighCourt को बताया http://bit.ly/1b6P72C  pic.twitter.com/6i2jaG54lU

 
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