Monday January 20, 2020
Home Indian Diaspora India Develop...

India Development Foundation of Overseas Indians holds meeting with Sushma Swaraj

1
//

nris planning for web--621x414

By NewsGram Staff Writer

External Affairs Minister Sushma Swaraj chaired the fourth meeting of the Board of Trustees of India Development Foundation of Overseas Indians (IDF-OI) in Jawaharlal Nehru Bhawan New Delhi today.

The meeting of the Board of Trustees decided the action plan for FY 2015-16, which focuses on various projects like Namami Gange, Swachh Bharat and Swachh Vidyalaya, state governments projects and NGO projects and projects selected by the NRI/PIO donors.

Modalities like the implementation of projects and quality control, monitoring and reporting to donors were also deliberated and given go-ahead by the board of trustees. The Board also deliberated on the Outreach plan for FY 2015-16.

For the Outreach Plan for FY 2015-16, IDF-OI proposes to hold outreach meeting wherein overseas Indians will be informed about the activities of the organization.

These meetings will have to be done in association with our Missions/ Posts, as also in the various Indian associations active abroad. Focus can be given to areas where there is a large concentration of overseas Indians with philanthropic propensities. For this purpose, IDF-OI has identified 7 global zones of diaspora concentration. It proposes to conduct 2-3 meetings in different cities in each of these zones in this financial year.

  1. North America- a) USA b) Canada
  2. South East Asia- a) Malaysia b) Singapore c) Mauritius d) Reunion Island e) Indonesia
  3. Australasia- a) Australia b) New Zealand c) Fiji
  4. Africa- a) South Africa b) Kenya c) Uganda
  5. Gulf- a) UAE b) Saudi Arabia c) Bahrain d) Oman e) Qatar f) Kuwait
  6. UK & Europe- a) UK b) France c) Germany d) Italy e) Netherlands
  7. South America & Caribbean- a) Guyana b) Suriname c) Trinidad & Tobago

Besides the above, IDF-OI will participate in state diaspora events for outreach to Indian Diaspora. It will also reach out to the diaspora through the annual Pravasi Bharatiya Divas and the Ministry’s outreach events throughout the year.

  • theupscaleinc

    Cabinet ministers are working hard this time atleast for name sake, they are doing it….pretty good camouflage

Next Story

This Decade to be Good for the Financial Health of Millennials

2020s Could Be Decade Millennials Finally Get Ahead

0
Millennials
Share on Facebook Share on Twitter Share via Email Print this page The 2020s might be the decade faltering millennials finally roar to financial health. Pixabay

By Dora Mekouar

The 2020s might be the decade faltering millennials finally roar to financial health and lifestyle after a tough start brought on by the Great Recession, which lasted from 2007 until 2009.

Coming of age during the worst economic downturn in the United States since the 1930s meant that many of these young people, who are now in their mid-20s to late-30s, experienced a delayed entrance into the job market or accepted lower-paying jobs for which they were overqualified.

Many millennials were hard hit due to a variety of factors, including high unemployment, student loan debt, and an increased cost of living, particularly if they graduated from high school or college during the downturn.

Millennials
Millennials Andy and Stacie Proctor stand in their new home in Vineyard, Utah. VOA

“Since then, we’ve really had a lot of wage stagnation, particularly given that so many millennials started behind where they thought they would be,” says Jason Dorsey, president and lead millennial researcher at the Center for Generational Kinetics. “And it’s taken them longer to recover — if they have recovered.”

Experts also say U.S. millennials are the first generation to feel the full impact of decades of rising inequality in America.

A recent study found millennials are significantly financially worse off than previous generations were at the same age. Since 1996, the net worth of people under 35 has dropped by more than one-third, or 34 percent.

But things could be looking up for these younger Americans now that the average U.S. millennial is over the age of 30 and poised to enter the wealth-accumulation stage of their life.

“They’ve had a lot of time to learn about what it takes to succeed? What are the kinds of decisions that lead to the outcome that you want?” Dorsey says. “And for many millennials, boomers [people aged 55 to 75] are finally going to transition increasingly out of the workforce, which is going to create opportunity for them to actually move up into more management-style roles.”

Millennials
Juan Hernandez, 25, is among millennials nationwide with student debt who are worried about being able to qualify for a loan and come up with a down payment for a home. VOA

Millennials are at the age when Americans traditionally buy homes, start saving for the future, and invest for their retirement. It also will help that many have paid down their student debt now that they’ve been out of college for a number of years.

“And at the same time, many of them will become potentially two-income households and that’s also really helpful for many of them,” Dorsey says. “It’s sort of a perfect storm. It just happens to align with the 2020s. It’s not that the 2020s are this famous decade, but more so that millennials are hitting the times when they should start really saving and investing, and earning higher incomes relative to their spending.”

Also Read- Lower Physical Activity in Adulthood Leads to Obesity: Study

And if millennials blame previous generations for their current financial straits, it might cheer them up to know this is also the time many of them can expect to start inheriting wealth from their more well-off baby boomer parents or other relatives. (VOA)