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Sixteen retail fashion brands have signed the Su.Re (sustainability resolution) project launched by the Textile Ministry, IMG Reliance and Clothing Manufacturers Association Of India (CMAI).
Textile Minister Smriti Irani launched the project, in association with the UN, on Thursday at the Lakme Fashion Week Winter/Festive 2019 being held here.
Retail brands like Spykar, Westside, Trends, Shoppers Stop, fbb, House of Anita Dogre and Lifestyle and Max joined the movement that aims to develop sustainable sourcing policy for consistent prioritising and utilising certified raw materials that have a positive impact on the environment.
In her address at the event which was also attended by Renata Lok-Dessallien, UN Resident Coordinator in India, Irani said: “Never before in a population our size has voluntarily driven the retail force of India and fashion elite along with the government to come together at one platform. That this has happened voluntarily makes me proud. On October 2, we shall step into the 150th year of Mahatma Gandhi’s birthday. Gandhi said to the world, ‘be the change you want to be’. And today, the resolution on sustainability is a reflective of that very thought of the Mahatma.”
She said that sustainability is the fourth criteria for 57 per cent of the consumers of the apparel and design industry. “This (project) makes it not only responsible business but also smart business. This project will impact worth Rs 30,000 crore in the market. Everything that we consume, we must consume responsibly.”
Jaspreet Chandok, Vice President and Head of Fashion, IMG Reliance, said: “This is a true confluence of what we want to stand for in fashion in the country which is a melting point of ideas that brings transformational change. Today is a major step towards that change with the launch of Su.Re which is the first and the largest initiative by the fashion industry.
“This initiative is just a start point. In the next five years, it will reach millions and millions of garments in the country turning from non-sustainable resources to sustainable resources.” (IANS)
By Rohit Vaid
Till now, activities associated with laying of power and telecom transmission and distribution lines, roads, highways, railways and construction of facilities such as hospitals, affordable housing, power generation units, water treatment plants, SEZs and certain type of hotels amongst others were given such status.
Besides, these sectors are a part of harmonised master list for infrastructure sub-sectors. However, in April 2021, exhibition-cum-convention centre was included in the list. "Given the focus around electric vehicle, and need for significant investment in charging stations, if the government adds the sector in infrastructure list, the benefits arising out of it will be significant," said Vishal Kotecha, Director, India Ratings and Research. "Infra tag on sectors increases ability to raise funds, access to dedicated funds and lenders, foreign capital, lower interest rates among others."
Given the focus on electric vehicles, the advantages of including the industry in the infrastructure list will be enormous. Free SVG
In recent years, lenders have taken a severe hit on their books consequent to cater to the unique financing requirements of the infra sector. This necessitated regulatory changes and government support from time to time. "The pandemic has hit the retail, hospitality and automobile sectors hard and the need for credit and liquidity support is real and urgent," said Vipula Sharma, Senior Director - Ratings and Head - Infrastructure Ratings, Brickwork Ratings.
"Any likely move to reclassify lending to these sectors as infrastructure lending will enable the banks to lend at concessional rates and extended timeline which in turn would give the sectors time to recover from the three years of repeated extended closures and rebuild their businesses. It would also enable access to funds from a larger set of institutions and funds."
Furthermore, as the economy continues to recover from the prolonged pandemic, the sustainability of the recovery is clearly the key fiscal and monetary policy objective. Consequently, Centre would need to focus on not only enhancing public capital expenditure further in infrastructure but also encouraging the private sector including foreign players to invest in the sector.
The economy is still recovering from the pandemic, and the recovery must be sustained. Unsplash
Lately, the Centre has already taken an initiative to kickstart private sector capital expenditure through the Production Linked Incentive (PLI) programme that has already covered 13 sectors with an aggregate outlay of Rs 1.97 trillion spread over the next few years. "We believe there is a case for considering 'infrastructure sector' status to the healthcare and the EV charging eco-system. The criticality of adequate healthcare infrastructure across the country has increased significantly after the pandemic and the 'infrastructure' tag can be extended to not only hospitals but also diagnostic centres," said Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research. "As regards EV, the government has started to provide cash subsidies for EV purchases but the need of the hour is to build the charging infrastructure in an expeditious manner. The 'infrastructure' tag can clearly help attract funds to the EV ecosystem." (IANS/ MBI)
(Keywords: lending, power, hospitals, rate, capital, government, pandemic, funds, budget, ratings, sector, infrastructure)
A team led by chief scientist Ravi Shankar, is working on two combinations to provide the safest medication to coronavirus patients. "Experts say that a combination of antivirals with different mechanisms can be more effective to counter the viral pandemic. We are working on two combinations - Umifenovir with Molnupiravir (an antiviral) and Umifenovir with Niclosamide (anti-parasitic)," he said.
Also read: Antiviral Remdesivir Receives FDA
Molnupiravur drug has received only Emergency Use Authorisation in India and abroad. Though its usage showed reduced hospitalisation during clinical trials, its biggest drawback are the side-effects, he added.
"Now, we are trying to keep a low dosage of Molnupiravir in its combination with Umifenovir which may weed out the side-effects such as the risk of cartilage and muscle damage. If successful, it will make Umifenovir more effective in Covid-19 treatment," said the chief scientist. The other combination is Umifenovir with Niclosamide.
Niclosamide is known for its efficacy for Covid treatment but the biggest challenge is that its high dosage is required for treatment and that leads to side-effects. A safe and efficacious combination of Umifenovir with Niclosamide is being researched on for the exact dosage in the combination that can give positive results, he added.
CDRI director Prof Tapas Kundu said: "CDRI is working round-the-clock to develop drugs that can help in treating all variants of Covid-19, besides being economical and safe for people. We have achieved a major breakthrough with Umifenovir and are hopeful of developing a new drug to win the pandemic battle."
Molnupiravur drug has received only Emergency Use Authorisation in India.Wikipedia
(Keywords: CDRI director Prof Tapas Kundu, Niclosamide, Covid treatment, Umifenovir, Molnupiravir, safest medication, coronavirus)
"Life is not a problem to be solved, but a reality to be experienced."
– Soren Kierkegaard
No matter what obstacles life throws at you, it always creates a means to overcome them, whether via determination, persistence, or both. With so many things going on in our lives, it is easy to forget to be grateful for the valuable life that we have been given. To remind people of the value of life, it was determined that there should be a day when people take a close look at their lives and be appreciative of the experiences and memories it has brought us.
Celebration of Life Day, which occurs on 22nd January, was established to recognize and celebrate newborns. | Unsplash
In case you haven't heard of, or celebrated Life Day before, read the article below to learn more about the celebration of life.
When is the Celebration of Life Day celebrated?
Celebration of Life Day, which occurs on 22nd January, was established to recognize and celebrate newborns. But, it has evolved to represent everything that is beautiful about being alive and breathing. The day serves as a reminder that every child and every life should be treated with the highest compassion and respect. The fact that we are alive is something which is easy to underestimate. Take a moment to reflect on how much more there is to be thankful for in this life than there is to be sad about. Take some extra time today to enjoy your life since it is valuable, one-of-a-kind, and a tremendous gift.
The fact that we are alive is something that is easy to underestimate. | Unsplash
When was the Celebration of Life Day established?
Originally known as 'National Sanctity of Human Life Day,' Former US President Ronald Reagan established Life Day in 1984. As a result of people's hectic modern lifestyles, it became essential to offer those living in the modern lifestyle a day on which they may reflect on their past and appreciate it rather than looking ahead and becoming concerned about their future. On Celebration of Life Day, people may take a day off and rejoice with those close to them.
On Celebration of Life Day, people may take a day off and rejoice with those close to them. | Unsplash
How can I celebrate this day?
1. Jar full of gratefulness: Write about the things you are grateful for in life on chits of paper, fold them, and keep them in the jar. Whenever you feel ungrateful about your life, you can pick a piece of paper and remind yourself about the blessings in your life.
2. Bake a cake: Watch an easy tutorial to bake a cake or cookies with your family and make sure that everyone participates and contributes to the overall baking process.
3. Take a walk: Wear your mask, take a walk in a nearby park with your family, and indulge in activities that you enjoyed as a kid, like playing jump rope, badminton, handball, or even cricket.
(Keywords: Celebration of Life Day, life, obstacles, celebrate life day, bake, cookies, cake, newborn, modern lifestyle, National Sanctity of Human Life Day)