Moneylife Events
‘Do one thing for the girl child today’, says Shaheen Mistri

Speaking at International Women’s Day at Moneylife Foundation, Shaheen Mistri from the Teach for India said she is convinced that this country will change, if each and every one of us can play the role we can and do a little bit more

 

Shaheen Mistri of Teach for India was felicitated by Moneylife Foundation on International Women’s Day 2015. In her acceptance speech, she appealed to one and all in the audience to “Do one or any good thing, for the girl child today.” She said that one could buy the girl child something to eat, or one could educate a girl. Anything. Whatever one can do in his or her capacity. She added, “I am convinced that this country will change, if each and every one of us can play the role we can and do a little bit more” for the cause of children’s education.
 
Shaheen Mistri founded the first Akanksha Center in 1989, enrolling fifteen children and persuading college friends to volunteer. It eventually evolved into the Akanksha Foundation, a non-profit education project that provides after-school tutoring to disadvantaged children at more than 60 centres, formal education at six schools in Mumbai and Pune for 4,500 students. 
 
Teach for India was launched in 2008. With sheer conviction and enthusiasm, Shaheen has motivated hundreds of college students and young professionals to join the Teach for India movement and devote two years of their lives to end educational inequity in India. Transforming the US concept to a system as complex and diverse as India was, as one can imagine, a huge challenge. Over the years, Teach for India has recruited 1,700 enthusiasts for its two-year teaching Fellowship. 
 
In her acceptance speech, Shaheen began with thanking all the people who have been part of her journey for 24 years towards the cause of children’s education. She felt that she was overwhelmed with gratitude when she saw the video of her children – the images of the children she has been teaching, whose lives have now changed for the better. She thanked all those in the audience who had done something or other in their own way for children.
 
Highlighting the importance of education, “We can educate every single child in this country when all of us feel connected to that goal,” she said. 
 
We, at Moneylife, hope that Shaheen’s appeal is heard by all our readers and we all do something for the cause of education of children in our country.
 

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COMMENTS

SUNIL KUMAR HEMNANI

2 years ago

A genuine hero in todays world.She has the heart to want to help others in such a personnel manner which is a inspiration to all of us.All the best to her and the organization .

Can India work out a currency swap trade with Russia?
Alrosa, the world’s largest diamond supplier is willing to offer rough diamonds to 12 of India's diamond processing companies. In addition, with a rupee-rouble currency swap arrangement, the import costs for rough diamonds would come down as it would avoid European middlemen
 
Due to its recent involvement in Ukraine in the past few months, Russia has been lying low in the international political scene because of western opposition and condemnation. There has been hardly any important activity in trade between India and Russia, except for the significant fall in the rouble value against the dollar. And the Indo-Russian trade, which has been dominated by the dollar, has hovered around $11 billion.
 
Because of this fall in value, which has given an edge for Indian imports from Russia, and to work out long term trade strategies, both the nations have been working on designing a new mechanism for rupee-rouble trade.
 
It appears that a currency swap arrangement would be an ideal base to start, which could later on be converted into settlements in both currencies, by some sort of mutual agreement. A working group, according to media reports, is already keen to come up with an appropriate solution during the 2015-16 fiscal.
 
It may be remembered that due to the efforts of Brazil, Russia, India, China and South Africa (BRICS), there is already an established mechanism for rouble-yuan trade.  In due course, it is expected that US dollar dominated trade may find a place in the back burner and the currencies of BRICS may begin to play a significant role in their trade, eliminating the need to bring in the US currency.
 
At the moment, Indo-Russian trade currently involved engineering, agricultural commodities, defence equipment, crude oil and gas as the principal items in the trade basket. Chances are that when the Working Group comes up with its final recommendations, these may include other items that would be of mutual benefit.
 
In recent times, some sparkling news has come from the Russian Diamond trade. It may be remembered that while India is the world's largest diamond processing industry, Russia's Alrosa is the largest supplier of rough diamonds. Until recently, these roughs used to be routed through European channels, from where they would be re-routed to India.  Thanks to Alrosa's recent change of policy, in their willingness to offer rough diamonds to 12 of India's diamond processing companies from the eight companies which had this privilege, import costs would come down by avoiding European middlemen.  The diamond transactions are in US dollars and the recent depreciated rouble value has benefited the importers.
 
India imports 150 lakh carats of rough diamonds every year and Alrosa expects to supply around $700 million worth of these for the next three years.  According to Vipul Shah, Chairman of Gem and Jewellery Export Promotion Council, securing these high quality roughs directly would help increase India's exports in this area.
 
After his planned visit to China, it is expected that Prime Minister Narendra Modi would be keen on meeting the Russian leaders, not only to talk to them about the developments and happenings in the BRICS countries, but also to increase the trade value between India and Russia. After having met the Chinese President, it is likely that there will be a similar summit with the Russian President.
 
(AK Ramdas has worked with the Engineering Export Promotion Council of the ministry of commerce. He was also associated with various committees of the Council. His international career took him to places like Beirut, Kuwait and Dubai at a time when these were small trading outposts; and later to the US.)

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Manjunath Murder Case: SC upholds life imprisonment of all six accused
The apex court upheld the decision of Allahabad HC for life imprisonment to six main accused in the Shanmughan Manjunath murder case
 
Almost 10 years after the brutal murder of Shanmughan Manjunath, the manager of Indian Oil Corporation (IOC), the Supreme Court upheld life imprisonment to six main accused. Manjunath, who was a graduate of IIM Lucknow, was murdered following his orders to seal petrol pumps that were selling adulterated petrol in Lakhimpur Kheri in Uttar Pradesh. 
 
A Bench of Justices Ranjan Gogoi and NV Ramana rejected appeals filed by the convicts against the verdict of Allahabad High Court, which had sentenced the six accused to life-imprisonment. The Allahabad HC had also acquitted two other accused, who were convicted along with the other six by the Lakhimpur Kheri Sessions Court in 2007. The Sessions Court had ordered death sentence to the main accused, which was commuted to life-imprisonment by the Allahabad High Court. 
 
Manjunath was shot when he had gone to conduct a surprise raid at the petrol pump owned by the main accused Pawan Kumar (alias Monu Mittal), which had been in operation despite being sealed on orders from Manjunath on account of selling adulterated petrol. Manjunath's body was later found in the backseat of his own car, which was being driven by two employees of the petrol pump. 
 
His murder on 19 November 2005 followed close on the heels of the murder of Satyendra Dubey, an IITian and an officer of the Indian Engineering Service, who was instrumental in exposing corruption in the Golden Quadrilateral Highway Construction project. Dubey was murdered in November 2003. Manjunath's murder led to a massive public outcry, following which the case was handed over to Central Bureau of Investigation (CBI), which succeeded in nabbing the culprits. 
 
With the objective of fighting for justice for Manjunath, IIM graduates Anjali Mulatti and Jaishankar had set up ‘The Manjunath Shanmugam Trust' in 2006. The Trust has played a key role in pushing for convictions of the accused. 
 

 

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