IIT Alumni & CNBC-TV18’s PanIIT Global E-Conclave
Session on: IIT Alumni & CNBC-TV18’s PanIIT Global
E-Conclave
Day 1:
Date of
Session: 18 July 2020
· Session
Details:
o
CM's Panel on Re-building States (6:30 to 7:00 PM)
o
MP's Panel on Re-building States (7:00 to 7:30 PM)
o
Re-imagining Agriculture & Food Security (7:30 to 8:30 PM)
Theme: Samaj, Sarkar and
Bazaar
Session 1: CM's
Panel on Re-building States
Eminent Panelist (Speakers):
1. Shri Yogi Adityanath
(Honourable CM, Uttar Pradesh)
2. In conversation
with: Shri. Jayant Sinha (IITD), Honourable MP (Lok Sabha) and Chairperson of
Parliamentary Standing Committee on Finance
Mr. Jayant Sinha
who is an MBA (from Harvard Business School) and has been associated with
University of Pennsylvania as well, was speaking from Jharkhand for the current
session. He welcomed Mr. Yogi Adityanath who took over the session and briefed us
over the current scenario in the state of UP with respect to the Corona pandemic
and how they dealt with it.
Mr. Adityanath said
that currently, the whole country and the world is indulged in the pandemic. Against
COVID, India is in a safe state as compared to the other countries of the
world. The credit goes to our honourable Prime Minister Shri Narendra Modi Ji
who announced the lockdown at the correct time and who had put in a lot of
efforts to create awareness among the people.
Talking
specifically about UP, he said that their state faced a challenge that UP being
constituted of 17% of India’s population comprised of around 23-24 crore of the
Indian population. So, their aim was to protect this population from Corona.
During lockdown,
they made it a success. A lot of incidents which occurred were unavoidable. The
first and foremost thing that happened was in 25th March 2020
and on 27th March, people started walking on feet, towards their
homes. Then, the UP government worked upon this and within 48 hours they ensured
that people can reach safely to their respective destination. Just as they got
success in this and after that the Nizaamuddin incident happened. So,
the government put in their efforts for that. After that, around 12.5K students
of their state were stuck in Kota, they had to be get back home. Also the students
were stuck in Prayagraj and at other places. Then, the next challenge in front
of them was to 40K migrant people back to UP.
Mr. Yogi Adityanath said that when honourable PM sent an alert around the
country. Then, they also did the same in UP. They had put the efforts initially.
Results were good.
When the first COVID case was recorded in UP, they did not have any lab
for testing. Then KGMU lab was set up. Currently, they are doing 50K tests in a day. The first case came from Agra. It had to be shifted to
Safdarjung, Delhi. Currently, they have 1 lakh beds. For 15
Lakh people, quarantine centres have been built. Then they ensured and worked
upon the cleanliness, lodging and social distancing.
Mr. Yogi Adityanath explained that in the UP state, they had a system of Gram
Panchayats and Nagar Palika. They made the “Nigrani Samities”. This
Nigrani Samiti was built up with the purpose that they will be informed about
any person who is coming from outside the UP state and a team will come and check
upon that. This process worked out and the result was good.
At 4 levels, they
managed the COVID19 situation and controlled the mortality rate. But after the
1st and 2nd level, when the Interstate Bus, Trains,
International flights, Domestic rides, etc. started then the number of cases
increased. So, currently they had 45K cases.
Carrying forward the discussion, Mr. Yogi Adityanath explained that they
had around 2.5 million cold storage stations. In April 2020, when the Potato
harvest came, the scenario was that around 150-200 people work in one cold
storage. So, when the PM package came, how to make use of that. So, they joined
their community kitchen with CCTVs. So, they were able to monitor the whole processing. Then, further the Jan Dhan Yojana was announced,
wherein the money goes directly in the accounts of the people. Also, they
joined people with the E-POS machines.
On being asked how
did the UP Government made efficient use of their administration, to this Mr.
Yogi Adityanath responded that they did it by making an efficient Policy
making with their team on Ministers.
1. They made different
teams with works related to Healthcare, Administration etc.
2. For enforcement
related problems, the Police officials went there.
3. Mr. Yogi Adityanath
himself gave 1.5 hours daily to take feedback from respective teams.
The UP government aimed at how to make UP “Uttam
Pradesh”?
Mr. Adityanath said that currently,
around 1.25 Crore people have been facilitated with the Seva Yojana, NAREGA,
Expressway in UP and PM focused on the self-employment.
The speakers emphasised that a
Management Case Study should be made on “Team 11”.
Further, Mr. Jayant Sinha asked that at
both levels, Central and State, what are your views about Revenue Management?
How to fix the Fiscal Deficit in UP?
To this, Mr. Yogi Adityanath responded
that they have 2 IITs (IIT – Kanpur and IIT-BHU) in UP and IIM
Lucknow is also there. Their state is at second place in doing tests.
Those who are not wearing masks, we
are putting a Challan on them. Women Self Help groups are also there who are
helping them. For Migrant Labourers, they are doing Skill Mapping. Leaving
apart 5-7% of them, rest all the migrant labourers want to live there. They
have been doing survey work in the state regarding GST as well. As per their
statistics of the current scenario, they think that it would take around 1 month
for them to recover back. If we all as Indian citizens follow all the
instructions by our honourable Prime Minister, then we will recover back soon. Everyone
should take this as an opportunity. The revenue loss would be recovered soon.
There was a
question from Mr. P.K. Jain (Director, IIT-BHU) to which Mr. Adityanath
responded that it was a tough and crucial decision to get back the students from
Kota ensuring their complete safety. The students were appealing. If the
students in Kota would have committed suicide, the administration would have
been questioned.
If the team reaches
on time, the cases are handled at proper time and in COVID19, the death rate is
very less. The virus is spreading at a very fast pace. So, they had to put in
the strong efforts and as a result they sent the buses to Kota requesting the Rajasthan
Government for their cooperation.
As a result of
which they could help 12.5K students. They took immediate steps and got a good
response. Then talked to all the students who were Home quarantine for 14 days,
through Webinars. Currently the students were happy.
Mr. Jayant Sinha concluded
with the session discussing with Mr. Yogi Adityanath about the PAN-IIT – Gurukul
– Skill Development Plan which was being successfully implemented in Jharkhand.
So, he asked Mr. Yogi Adityanath if they like to take this as an opportunity
for UP as well. To this, Mr. Yogi Adityanath responded that they would be privileged
to work on this.
Session 2: MP's
Panel on Re-building States
Eminent Panelist (Speakers):
1. Shri. Jayant Sinha
(IITD), Honourable MP (Lok Sabha) and Chairperson of Parliamentary Standing Committee
on Finance
2. In conversation
with: Mr. Rajiv C. Lochan (IITM), Wholetime Director at Sundaram Finance
Limited
Mr. Rajiv C. Lochan
exchanged his greetings with Mr. Sinha and asked him that it was a beautiful
time to be in Public Sector, so what are the highs and lows to work in the
Public Sector?
Mr. Sinha said that
prior to his current work, he had an experience to work with McKinsey &
Company. So, he shared a thought that he read on social media that r u working
from home or you are living at your work. The speaker thanked our honourable
Prime Minister Shri Narendra Modi Ji for his excellent leadership during the
times of the Corona pandemic. So, they could be on the safe side. Yogi Ji
managed the situation in the UP state with his excellent leadership. These were
all the highs.
Talking about the
lows, he said that we had terrible tragedies in this Corona time, in the health
sector, we suffered. There were disruptions in the work. Migrant workers faced difficulties
to go back home.
They discussed upon
“Decoding the S-S-B” Development Model.
Talking about the Pandemic
preparedness, he said that during 1988-1990, In India around 15 million people
died. Currently, in 2020, we have advanced in System and Technology that were
at a better state.
On being asked by
Mr. Lochan that the Indian economy with a young democracy has seen in the last
5 years, a lot of serious reforms. How do you see the times ahead?
To this, Mr. Sinha
responded that we had some slowdown in 2019 elections and the investment went
down to a little bit.
Post NPA, there
were some serious number of reforms in Corporate Tax etc. in August, September
2019 and further October.
We saw strong
economic recovery during February, March 2020. We were at a good state. We were
hopeful. 7-8% was the growth rate. So, we would be back but pandemic happened.
To make sure that people are safe, the lockdown had to be enabled.
On being asked
about his experience to share while he was working with the Parliamentarian
Committee for Finance, Mr. Sinha responded that Finance Sector is very vast,
big and complex. There are asset management companies, capital markets. We see
that the Banks are strengthening and also the NBFCs.
He focused upon
three important points:
1. Quality of
suspension: It has improved. The financial institutions are doing a great job.
Housing, Finance, companies, NBFCs, all come under RBI.
2. Insurgency and
Bankruptcy: Under Shri Arun Jaitley, legislation was there. They have been continuously
strengthening.
3. Strengthening the
Banks- Cooperative Banks, IL&FS etc. Depositor Base is protected. 24 Public
Sector Banks have been converted into 12 Public Sector Banks. Strengthening
NBFCs in terms of Banks, Capitals, Deposits.
Mr. Sinha focused on the fact that situation
intelligence is very important. He said that when we move Engineering to
Business, we have a different set of issues to deal with. When we go into Public Life, it is all the way different.
Responding to an
audience question by Mr. Sunil Khanna, Mr. Jayant Sinha shared his view that
countries like US and China, still offer opportunities to come back but we lack
the potential. There is a need for creation of demand to boost the economy.
Giving money in the hands of the middle-income group, so that they can create
the demand in the market.
On being asked
about whether government has not done much, Mr. Sinha responded that government
is trying to do a lot. Numerous policy initiatives have been started.
Mr. Sinha said that
we have around 8 Crore families in India of farmers. In past 12 months, we have
received around 12K amount in each of the Bank account. Jan Dhan money and Fasal
Insurances have taken place. RBI has reduced the rates for EMIs with respect to
saving money. Many supply side measures have been taken to encourage business.
Food grains have been provided on demand generation side. Jan Dhan Yojana Money
is there. Government has constraints and conditions that revenue has been less.
Resources are limited. Government has steered the situation.
Mr. Jayant Sinha shared that we all have
obligations of families. We need to essentially secure our families. Families
are always in our full support. So, we need to make our families financially secure.
If our families are well settled, then we can contribute to society. So, we
should do that at the right time.
Mr. Sinha and Mr. Lochan discussed that
the proudest moment about 2019 was that they won by 4 Lakh 80 votes, the
biggest victory in the history of Jharkhand. They worked hard for people and
people appreciated that. They bought Akshay Patra to Hazari Bagh. They further
explained that Hazari Bagh is a farmer oriented area. Not just Potatoes grow
here, but also the Potato Chips are sold from Hazari Bagh to Nepal and different
parts of the country. Not just they sell coal but also produce electricity. So,
development processes happened.
Mr. Sinha concluded
the session giving his gratitude to his family that because of their support, he
could serve the country for so many years and would like to serve more in the
coming years.
Session 3: Reimagining
Agriculture and Food Security
Eminent Panelist (Speakers):
1. Mr. PVS Suryakumar,
Deputy Managing Director (NABARD)
2. Shri Madhu Pandit
Dasa (IITB), Chairman (The Akshaya Patra Foundation)
3. In conversation
with: Mr. Sanjiv Rangrass (IITK), ITC Group Head (designate) – R&D,
Sustainability and Central Projects, Former Business Agri Projects ITC.
Mr. PVS Suryakumar:
While he was working in the Karnataka
office, the official records which the speaker came across were, around 140
million farm labourers are there and around 6.5 lakh of villagers are there.
According to India’s GDP, around 60% of India’s population depends on
agriculture. Around 3000 different crops are there. The statistics say that China
has agricultural produce of around 7 billion. India needs to put in more
effort. In terms of the Wheat and Rice production, it has the second largest
produce. In terms of the Soyabean, millets and sugarcane produce also, India
has very high production. We have high cereal production as well. Current
buffer stock is high. We have sufficient stock. But still 195 million people
are under nourished and 38% children are malnourished.
At NABARD, there are great reforms.
Anyone can trade in agriculture. Any buyer can invest in technology.
The records say that we have at
present only 60-70% warehouses. The speaker discussed upon “Contract Farming”. Agriculture sector needs to do a SWOT Analysis.
In the speaker’s view the market has changed. The Government has step up back.
This will be a win-win situation for customers, private sector and the farmers.
According to the host, we have to wait
for people to understand the rules.
Madhu Pandit:
The discussion was carried forward by
the Shri Madhu Pandit who on being asked about he delivers food during the
Economic lockdown gave us a picture of
the scenario at the country and the global level stating that around 2 billion
people are globally having insufficient food out of that 834 million are in
India and of which 194 million are suffering from hunger due to economic
lockdown. The team was positive enough to recover from the current situation.
The speaker also said that people with sufficient food supply do not realise
the pain of food insecurity. According to Vedas, “Anna Daan” is the highest
form of “Daan” which means “food charity”. In the current scenario they were
expecting help from the Government. They discussed about the 250 community kitchens
that provided fresh meals to 1000s of migrant workers, land workers and
industrial workers during the COVID times. Till the current time, they have distributed
around 70 million meals of which 40 million were cooked meals and 30 million
were groceries as well as other food items in collaboration with Government and
SMIs.
Akshay Patra having 26 years of
accountability and transparency, with the help of the Government expressed the
need to feed the COVID centers.
Further as the host pointed out to the point that "Akshay Patra" as an organisation is doing an exemplar job by giving 1.8 million meals per day to students. In response to this, Mr. Madhu Pandit said for students, it was meals more than education. In the current scenario of lockdown, the mid - day meals have stopped. So, it is expected from the Government to bring in some policy changes and as of now in the current situation, it was expected that for these households a direct transfer of cash. Some support should be given.
When COVID recedes and when mid day meal restarts. we have to introduce breakfast program in the meals of the children. Then micronutrients should be added to it.
Human Resource Ministry should find a solution but Government is facing a challenge to provide food to 10 Crore children in the COVID times.
The host said that Akshay Patra has provided food to millions of children.
Mr. PVS Suryakumar:
Mr. PVS Suryakumar discussed about the action to be taken towards farmers. DFI aims to achieve its set targets by 2022 towards improved reforms. He further said that Prime Minister Shri Narendra Modi Ji had mentioned about doubling the farmers' income which would be a paradigm shift. India has around 169 million hectares of land. Out of which 360 million is arable land. When we increase the production, land can be used for other purposes as well. So, can we bring down the cost of cultivation to the extent that how do we increase and make the markets transparent.
In how many states do we have the regional models?
We have some food items which are grown specifically in those regions.
What should be the components of Animal Husbandry and Floriculture?
We need to make mosaic and present the model for that district.
What is the feedback from the people?
We should look at parts which go in Modular mechanism.
The speakers further discussed that if we increase the productivity, this year, there is going to be good monsson. So, Kharif crop is going to be in excess. Then we can think of it that it will affect the prices. Government has made 1 District - 1 Product. Can we make our models like that of a small country like Netherlands which can export.
Currently India has earning from exports, processing, micro-processing (at the district level).
For example, if we look at what is sold in Mandis, i.e. Achaar and Papad. Around 75-80% products come from local economy and 25% from outside. So, how we need to look at this?
COVID has made things different. People now want to buy the products that increase their immunity.
How many agriculture commodities have branding?
So, there is a market for this. There are Brands as well as sub brands for products. How many people know about "Rice" specifically "Black Rice"? As per the advice by our honorable Prime Minister Shri Narendra Modi Ji, that we should use the chemical fertilizers very less. We have Millets, Black Rice etc. region specific products. Branding is not just for processed foods. We can do this here also. How do we balance this? Government is trying to introduce Millets in PDS.
To this Mr. Madhu Purohit says that if there is integrated approach, then things can work put. There is large consumption in Mid Day Meal Programs. If this can boost the agriculture, there needs to be a dialogue. To facilitate this, NITI Ayog or other NGOs can come together.
Further, the speakers discussed about why the people are complaining about labor shortage with such a big population. In last 3 months, there has been Revenue Migration. There is a lot of Agricultural Technology coming in like the "Drone operations". We need to bring in skilling so that we can aggregate skilled people and make Rural Clap.
Mr. PVS Suryakumar:
He said that way fertilizers and chemicals need to be used, skill is necessary. Lot of skilling will help at the farmer's level.
The next question asked to him was that why is not there a co-operative system in agriculture to which Mr. Suryakumar responded that we have around 1 Lakh co-operative societies working in India. It is a Tree - Tier structure. The agriculture credit market is around 19-20% . He said that IFCO, RIFO, Amul, all are in the co-operative sector.
Further, on being asked with reference to FPOs, FPCs, that the people are getting impatient, to this Mr. Suryakumar responded that in Kurien movement, it took around 5-10 years for people to revolutionize. He said that we have roughly 7000 farmer Producer organisations. FMPCs and NABARD are working with the Ministry of Agriculture.
In India, 85% farmers are small and marginal farmers.
Talking with respect to the Farmer Producer Organisations, the speaker said that when APMC act has changed, everybody can go and sell. FPO can do at some point of time. FPO is in the market. It is in development for last 3-4 years. In the next 3-4 coming years, it will help the farmers with what consumers want. FPO would be a very important space between individual farmers and the bigger space. Further explained the difference between "Demand Centric" and "Market Centric". FPOs should react to what markets need. There is an aspect of safety that is important during the COVID times.
Shri Madhu Pandit:
On being asked about what inspired
Madhu Ji to get into this sector and how he would like to seek help for Akshay
Patra from the IIT Alumni, Mr. Madhu Pandit shared his story that during the
4th year of his Engineering, he got frustrated with the heavy pressure of
relative grading. The day he entered IIT, the misery began. But currently when
he looks back at that pressure, the speaker realises that those pressures
increased their capability to handle tough situations. One day while sitting in
the library, amongst the long row of philosophical books, got to read the book
of “Prabhupada Swami”, reading that book, he got all the answers. Even today,
Akshay Patra is just one of the activities that are carried out by Mr. Madhu Pandit
amongst many humanitarian activities. He feels that we as human beings need to
pull out the compassion. Akshay Patra has started again and spirituality has a
major role to play. They started with 1500 children. Next month, they reached
to 5K. Further they increased the numbers to 20K with just one thought in the
mind that Krishna will provide and in the current scenario, after a span of 20
years, they have reached the figure of approximately 1.8 million. The power of
God is there and if there is a will to contribute beyond our selfish interests.
To deal even with the COVID situation, an element of spirituality is needed to
carry out the transformation and provide a solution for underprivileged people.
Mr. PVS Suryakumar:
The speaker said that Agriculture is
the Nutrition Highway. He said that 100 million hectares in India is rain fed
and agriculture can boost our economy. According to the speaker’s view, we need
to have different policies for that millets do not require much of the urea. We
need to have two differentiated policies:
1. For food security
for whole of India (Rice, Wheat etc.)
2. For rain fed area,
(millets along with pulses, can be grown).
Food security is not equal to Good
nutrition. “We have hunger among abundance”. FAO definition says that “Food
security” is when all people have sufficient food at all times. When we build
agriculture and food security, we have to keep farmers and consumers in mind.
The host ended the session thanking
the panelists for sharing their brilliant insights.
Day 2:
Date of session: 19
July 2020
Session 1: Reimagining
MSMEs and Livelihoods
Eminent Panelist (Speakers):
1. Shri Nitin Gadkari,
Honorable Union Minister, MSME, Road Transport and Highways
2. Prof. Muhammad
Yunus, Nobel Peace Laureate, Founder – Grameen Bank
3. In conversation
with: R. Gopalakrishanan (IIT Kgp), CEO – Mindworks and Former Director – Tata sons
In the MSME sector,
we all had experienced a rough time during COVID. So, the question is whether
it is worthwhile to think about MSME? The answer is Yes, as there are around 36
crore workers in the MSME sector.
The politicians and
the Union Ministry comprise of the (Sarkaar).
We have around 25
Crore as the farming MSME and around 11 Crore in the Industrial MSME. We have
69K Laws of which 9K are criminal laws. So, it is a big web in this atmosphere.
So, it is difficult for entrepreneurs to develop. So, there are no sustainable
micro entrepreneurs. We have a big economy.
The speaker talked
about the principles of Gandhi JI and Deen Dayal Ji.
Gandhi Ji – “Sarvodaya”
i.e. Progress for all.
Deen Dayal Ji – “Antoyadaya”
i.e. the last person must also survive.
In the speaker’s
view, from Bazaar perspective, India needs “fresh perspective” and “old ways”.
There is a famous slogan
“open the cage and let the birds fly” .
But today’s challenge is that how to open the cage let go with the interest of
society and without intervention of the people.
If you follow the
4Ds:
1. Democratisation
2. Decentralisation
(Eg – Uber)
3. De- assetisation
4. Digitalisation
Nobody goes to bank now.
“Sarkar” has 6 important aspects of which a few are: National Defence,
Central school system, National healthcare etc.
The question is why we don’t have IES (Indian Education Services) and IHS
(Indian Health Services).
The IHS is run by the Government of United States, run for the American
Indians.
Prof. Yunus shared his story how he
came into “Loan sharks”. He shared the story of the small village with poor
people. Now the question was how to protect these village people who were
struggling for their survival. So, they started with an idea. That was the
beginning some 42 years ago. A small bank in the village “Grameen Bank”. So,
for those people in the village, finance is like oxygen. So, in its
absence, you can’t financially breathe. So, they dismissed all principles of
banking system.
1. To lend to poor
people
2. They did everything
opposite to what banks do.
So, the speaker
said that he had been requesting Microfinance Government to allow organisation
to take money. Relating just to Micro Entrepreneurs, ministry would have
different kind of laws. The labour producing factories in the villages are sent
to urban areas, that is a wrong of seeing this.
People come here in
the cities because of lack of infrastructure and finance in the villages. Today
that is not there. Roads are built up everywhere. Communication and Internet
facilities are there. You can have your Processing Industry everywhere. You
should develop institutions specifically for India. Informal sector is very
exciting for Bangladesh where people are struggling to survive. They are trying
to make the informal sector into the micro entrepreneur sector. That is the
base of entrepreneurship.
Talking about the
concept of “Loan shark” , they said that:
1. Finance
2. Women
These were the two important aspects. They would be lending only to the definite people. Licensing should be done as a social business to solve people’s problems (as a zero dividend company) where we don’t want to make money out of it.
People are ready to walk 1000 miles away for their survival, what kind
of economy we have. We have to design something that the economic model can
hold the person at their native birth place and they don’t have to go to far
away cities for their work. So that people can have something for their survival
there only, within its range using technology, if its made possible. So, Rural
Economy should be independent economy.
Why should we send our children to urban areas. In the speaker’s view,
the micro part from the MSME, should be separated. People don’t understand the government
laws and rules. So, we need a translating agency. So, that people become
entrepreneurs in their native places and not become job seekers.
Mr. Gadkari:
He said that for people who are
socially, economically and educationally backward, we need to give them “Roti,
Kapda, Makaan”. That is the economic crux. Our banking system is urban
centric. He gave an example of a 12 years back case with reference to “Social
Entrepreneurship” in Nagpur city in Maharashtra where they were having more
than 10K farmer suicides. So, Mr. Gadkari along with his team worked towards
solving this problem. They took initiatives and created jobs for around 12-15K
people.
He further stated
that India’s most important requirement is to finance poor people. He explained
us the case that there are around 1 Crore cycle rickshaw running in the
country. The cost of the E - rickshaw is maximum 1.5 Lakh. In small areas, the
credit co-operative societies are not interested to help. People earn Rs. 600-800
per day. So, if they can deposit 20/30 Rs. Per day. Maximum is 3 Lakh rupees.
Idea behind this was the “Electric Bike” or the “Bio-fuel Bike” where one person
is taking from house to station like we have the Ola cabs.
Talking about the
Self Help Groups, the speaker said that we need to support the poor people and
a small finance of 1 – 2 Lakh Rupees can help them. So, they are making a lot
of schemes for “Pheri valas” and “Panipuri valas”.
He also gave the
reference of the fishing industry with a turnover of 1 Lakh Crore. He gave an
example of an Institute in Cochi (in Kerala) where a troller can go to 100 nautical
miles and boats can go to only 7- 8 nautical miles. We manufacture and 100
nautical miles is given to fishermen and increase products by 6 times. India
has a 6500k coastline. So, it can be used very well. In Tamil Nadu itself there
is a wide scope of Fishing economy and above that the packing and processing
industry there also adds to the income and employment opportunities.
Similarly, Uttarakhand
and Himachal states have honey production.
In other parts of
the country, there is scope for Bamboo farming.
Then, further Bio
mass can be converted into CNG and marine fuel is equally important.
So, there are a lot
of opportunities in various sectors like Agriculture, Rural, Tribal, Food
Processing Industry etc.
The speaker further said that it is
time we need to think in two directions. We need to make two types of
policies, i.e. Urban and Rural. He mentioned to what Prof. Yunus said that
those people eho are socio-economically backward, they are honest and their
integrity is good. They have talent, given them opportunities how to support
them.
Mentioning the
problem, Prof. Yunus had with the administration system, Mr. Gadkari explained
that so there is a need for us to make a model of the kind where 10 people can
come in front and donate. A kind of social business model. He gave the example
of the fruits and vegetables vendor. Mr. Gadkari further shared with us that in
the Kolhapur district of Mahrashtra, the credit co-operative societies are
doing good there. We need to increase the “per capita GDP income”. Thousands of
ladies are doing good with their “machine silai” operations. We need to have
separate policies for “people who are socially and economically backward” and “people
who don’t have capital”.
If purchasing power
increases, then economy is going to boost.
The speaker further explained with an example
that if we are selling toilet water in Maharashtra and people are
earning from that. So, people have talent, skill and technology there. They are
earning around 925 crores from that. So, there needs to be an economic model.
There people are honest.
Now the question which arises is that
how to develop this model?
So, the people who have social
commitment can come forward and thus, can increase the purchasing power. We
need to centralise our economy and have a socio – economic thinking. If
people solve this problem, then it will solve the problem of many big cities
around the globe like Calcutta, Mumbai, Delhi, Dhaka etc. So, with reference to
such contexts the Bandhan Bank has quite a good record.
Mr. Yunus:
The speaker said that they just want Licensing
of Micro Finance Institutions. The question is that why the Rural Economy
goes to the Urban Economy and give it to the big businesses and find jobs 1000s
of miles away. We need to have dedicated institutions for rural areas. Even in
the education sector also.
They further discussed about whether
there is a difference of opinion in both the people – Gandhi Ji and Deendayal
Ji. With this, they concluded with the e-session.
Video Source: https://www.youtube.com/watch?v=vHPDKxIrFlQ
Session 2: Rebuilding
Industry
Eminent Panelist (Speakers):
1. Shri Suresh Prabhu,
Member of Parliament (Rajya Sabha) and India’s Sherpa to the G20
2. Mr. Sunil Wadhwani,
IITM (Co - founder and Chairman), Mastec Inc and IGATE
3. In conversation
with: Mr. Adil Zainulbhai (IITB), Chairman (Quality Council of India) and
Former Chairman (McKinsey India)
The session began
with Mr. Adil Zainulbhai as being the Moderator for the session. He wished the
audience and greeted the speakers and introduced us with eminent panelists. He
introduced us with Mr. Suresh Prabhu as an integral part of the Indian government.
He has been a key financer in the Saraswat Bank and is a person who
always talks about the solutions and opportunities. Mr. Sunil Wadhwani
was introduced as an IIT Alumni who has till present invested around 40 startups.
He spends his time between US and India. He along with his brothers had started
with the WISH Foundation. These are tech entrepreneurs. They are running the
healthcare services and have around 600 Clinics around Delhi till the current
date.
On being asked by
Mr. Adil Zainulbhai that what is that we see for companies and societies in India
and what is the role of India globally right now, Mr. Suresh Prabhu responded
that he has not gone to IIT but he definitely has a good experience to be with IITians
through PAN-IIT.
He said that we
have to accept the COVID scenario worldwide. It is not necessary to feel that
everywhere there is suffering, it has changed already. We are in US, Mumbai or
Delhi. He said that earlier India was not a big player in the world but now
there are different countries and different players. We have the opportunity to
redefine because there is already change taking place. Opportunities are there
even today.
“Turning Crisis
into Opportunities”
Further talking about re – positioning India, he gave the example of Mr.
Mukesh Ambani who has done an amazing work in the Telecom Industry. He said
that big companies can not survive without the smaller companies.
He gave the example of Suzuki which came to India and developed an ecosystem
here. Opportunities are there in India.
As depression came in economy, if we talk about economic depression, we
talk about human depression. A person should not be psychologically depressed,
then a person can work upon opportunities and should be repressed.
The speakers further gave the reference of the “The India Agri Growth
Story” giving the example of Amul specifically.
They said that in future, technology would be embedded in everything. Technology
would give rise to economy. Technologies at high end as well as low end. They
gave the reference of our Prime Minister who had the vision to take drinking
water to each and every household.
“Vision for the
Future Technology”
The speakers further carried forward their discussions and we gained a
lot of knowledge from these sessions.
Video Source: https://www.youtube.com/watch?v=oUuRLog_YKU
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