Beyond Money
Better Lifestyle through Ecological Conservation
Vikas Patil, the founder of Environment Conservation Association (ECA), has always been passionate about improving the ecology, at every stage in his career. When he was at TELCO, the Tata automobile major at Pune (Maharashtra), he worked at improving the quality and production rate of Tata vehicles and maintaining a healthy and safe environment on the shop floor. Later, from 2002, he got interested in river pollution, solid waste disposal, tree planting and other environment conservation activities. In 2003, he was part of an unregistered group called the Indrayani Bachav Kruti Samiti which included experts, activists and schools. As the name suggests, the group was involved in cleaning the Indrayani River, but with little formal funding. Soon people began to understand the importance of cleaning other rivers too. This led to the formation of groups such as the River Development Forum (Nadi Vikas Manch), Pawana Development Committee and Mula Conservation Committee—each focused on a specific target that allowed people to join the river cleaning and conservation close to where they lived. Although a few ‘Bal Paryavaran Sanskar Samitis’ were formed, they lacked a proper scheme of work and funds.
 
Vikas was then advised by his well-wishers and supporters to register an NGO with the charity commissioner and raise funds formally to have an effective programme and to enlist active volunteers. Thus, Environment Conservation Association (ECA) came into existence in 2011. 
 
ECA does different things— newspaper articles have described it as working in garbage collection, recycling of plastic, cleaning rivers, spreading awareness about water conservation, rainwater harvesting, planting trees, working on water, air and noise pollution and traffic issues. ECA also regularly makes Pimpri Chinchwad Municipal Corporation (PCMC) and Maharashtra Pollution Control Board aware of environment issues on the ground. It has created public forums for discussion with Pimpri Chinchwad Municipal Corporation (PCMC), traffic police and citizens, to find solutions to environment problems.
 
A noticeable difference is seen in the areas cleaned at Pimple Nilakh, Nigdi and Akurdi where the old habits of dumping garbage are slowly beginning to change. Communities are becoming more aware about saving water and implementing the tips provided by ECA. ECA ‘Alerts’ is a PowerPoint presentation that is shown in schools and at public events, to spread awareness about important environment issues.
 
ECA is a platform for citizens to raise questions and provide suggestions which are conveyed to senior municipal officials. The response from municipal officials is also positive. The most encouraging has been the commencement of the school awareness programme for 130 PCMC schools in June 2016. It is a 32-week programme involving 30 students and two or more staff from each school. The main objective is improving the school environment and teaching practical and essential skills like saving water, rainwater harvesting, composting, minimising dry waste, reduce, reuse and recycle plastic, soil, water, reduction of air and noise pollution, observing traffic rules and compliance and doing community work. The response has been heartening and teachers have been sending photographs of their newly created student teams working on these issues.
 
ECA’s future plans are to start a monthly or quarterly publication of an environmental magazine, set up a school for environmental science with certificate, diploma and degree programmes, audit industries to control pollution and uphold pollution control norms. Also, ECA plans to promote environmental message paintings on road-side walls and encourage gardens and environment-friendly city beautification.
 
ECA is looking to improve its funding through CSR (corporate social responsibility) and private donations, since it has obtained Section 80-G certification from the I-T department. FCRA registration is also expected. Vineeta Date, a trustee with ECA says, “Keeping funds coming in every year is necessary due to ongoing projects which span different financial years.” You can join their efforts to change the city of Pune. 
 
Environment Conservation Association
Sushreeyas, Akurdi-Chikhli Road, 
Sudarshan Nagar, Chikhli, Pune - 411062 Maharashtra
Mobile: 7798811512 

 

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Nifty, Sensex may turn weak – Thursday closing report
We had mentioned in Wednesday’s closing report that Nifty, Sensex were overbought and that they are being supported by a benign macro-environment. The major indices of the Indian stock markets suffered a correction on Thursday with losses upto 0.74% over Wednesday’s close. The trends of the major indices in the course of Thursday’s trading are given in the table below:
 
 
Profit booking and upcoming global event risks depressed the Indian equity markets on Thursday. Selling pressure was witnessed in banking, healthcare and capital goods stocks. On the NSE, at the close of trading, there were 489 advances, 936 declines and 49 unchanged. The BSE market breadth was also tilted in favour of the bears -- with 1,596 declines and 1,088 advances and 184 unchanged.
 
Initially, on Thursday, the benchmark indices opened on a positive note, in sync with their Asian peers, especially the Japanese markets. Besides, the equity markets were pushed up by higher global crude oil prices, firm rupee, healthy progress of monsoon season and recovery in the European indices. However, the equity markets soon ceded their gains on the back of sector-specific profit booking. In addition, reduced chances of further monetary policy easing by the European Central Bank (ECB) in its upcoming monetary policy review dampened investors' sentiments. Further, the ongoing logjam in parliament hampered the upward trajectory in the stock markets.
 
According to market analysts, barring the media, auto and realty, all major sectoral indices traded in the red. Most IT and banking sector stocks traded with bearish sentiments on profit booking. Also, pharma and auto stocks also faced resistance at higher levels due to profit booking.
 
The growth in debt levels over the decade-mainly driven by private debts makes emerging market economies vulnerable to external shocks, global credit rating agency Moody's Investors Service has said in a report. According to the report titled 'The Evolution of Emerging Markets External Debt: Private Sector Debt Drives Broad-Based Build-Up of Emerging Markets External Vulnerability Risks', the debt growth was highest in the Asia-Pacific region. The largest increase was reported in external borrowings in China, India, Indonesia, Taiwan and Malaysia, Moody's said. Driven by growth in private debt in China, India and Indonesia, debt levels in the Asia-Pacific region have grown at an average rate of 13.5%, the report said. According to Moody's, the average external debt to gross domestic product ratio for Asia as a whole has recently increased from 31% in 2008 to 47% in 2015 -- well below the 78% of Emerging Europe, but comparable to the 48% in Latin America and the 43% in the Middles East and Africa region. Total emerging and frontier market external debt -- defined as debt owed by residents of a country to non-residents -- has almost tripled from $3 trillion in 2005 to $8.2 trillion at the end of 2015. Debt is now growing faster than GDP and faster than foreign exchange reserves for many of these countries, said Moody's. In this context, the stock markets in India are likely to suffer a sharp correction when foreign institutional investors withdraw some of their funds from emerging markets like India. Moody’s sums it up by saying, “The potential for capital flows to slow, should US interest rates continue to rise, would also exacerbate the debt situation in emerging economies.”
 
Zinc-lead producer Hindustan Zinc on Wednesday said it has posted a 47% decrease in its net profit to Rs1,037 crore in the quarter ended June 30 as compared to Rs1,940 crore in the corresponding quarter last year. Revenues during the quarter were Rs2,501 crore, which is 30% lower from a year ago. The decrease was on account of lower volumes, the company said in a statement. In accordance with mined metal availability and accretion to inventory, refined zinc production during the quarter decreased by 46% year-on-year (y-o-y) and 34% from the previous quarter. Integrated lead production during the quarter was lower by 11% y-o-y and 36% sequentially for the same reason while silver metal production was up by 20% y-o-y. Rise in silver production was on account of higher volumes from Sindesar Khurd mine, though lower by 27% compared to previous quarter due to accretion to inventory and lower volumes from Rampura Agucha mine. The company’s shares closed at Rs193.20, down 0.44% on the BSE.
 
Fast moving consumer goods (FMCG) company Dabur India on Wednesday announced its entry into the fizzy drinks market with the launch of Réal VOLO -- a range of fruit juice-based aerated drinks. "Our Réal VOLO range contains 20%-25% fruit juice content making the fun of fizz healthier with the goodness of fruits," said Mayank Kumar, head, Fruit Juices and Beverages, Dabur India. The company said the range -- which does not have any added preservatives -- is available in 250 ml cans priced at Rs40 each. Dabur shares closed at Rs304.10, up 0.12% on the BSE.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
 

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COMMENTS

Vikas Singh Gusain

4 months ago

Helpful information, policybazaar.com

7 Indian firms in Fortune 500; Rajesh Exports replaces ONGC
Seven Indian companies figure in the latest Fortune 500 list, released on Thursday, of the world's biggest companies in terms of revenue.
 
Among Indian companies, state-run Indian Oil Corp (IOC) is ranked highest at 161st with revenues of $54.7 billion, although the other public sector firm Oil and Natural Gas Corp has moved out of the rankings for 2016.
 
ONGC has been been replaced by gems and jewellery firm Rajesh Exports, which makes its Fortune 500 debut this year at 423rd position.
 
Of the state-run firms, IOC is followed by State Bank of India (SBI), Bharat Petroleum and Hindustan Petroleum.
 
Mukesh Ambani-led Reliance Industries Ltd (RIL) is the highest ranked, though it has slipped down to 215th position, from 158 last year.
 
Tata Motors follows at number 226, up from 254th last year, with new entrant Rajesh Exports bringing up the rear.
 
Bharat Petroleum fell from 280th to 358th this year, while Hindustan Petroleum is at 367th, compared to its 327th place last year.
 
SBI has improved its position to 232, from being at 260 last year.
 
The overall list was topped by retail giant Walmart with revenue of $482,130 million.
 
The world's 500 largest companies generated $27.6 trillion in revenues and $1.5 trillion in profits in 2015, Fortune said.
 
Others in the global top 10 companies are State Grid (second, $329,601 million), China National Petroleum (third, $299,271 million), Sinopec Group (4th, $294,344 million), Royal Dutch Shell (5th, $272,156 million), Exxon Mobil (6th, $246,204 million), Volkswagen (7th, $236,600 million), Toyota Motor (8th, $236,592 million), Apple (9th, $233,715 million) and BP (10th, $225,982 million).
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  

 

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