“The world has much to do with practice and surveillance. Sadly, the next pandemic could be far more fatal… this one killed over 20 million, mostly older people. You can have a pandemic that would kill hundreds of millions,” Gates.
And also he said, Gives me hope for the future: As G20 President, India Has Opportunity To Highlight Aadhaar, Digital Finance; Impact Can Be Global – MARCH 01, 2023
Climate change and global health are inextricably linked. Hotter temperatures will make poverty reduction harder by increasing food insecurity and the prevalence of infectious diseases and diverting resources away from those who need them the most. It’s a vicious cycle. The poorer a community is, the more vulnerable it is to climate change. The goal was to “eradicate extreme poverty for all people everywhere,”
Even the UN agenda: Eradicating extreme poverty for all people everywhere by 2030 is a pivotal goal of the 2030 Agenda for Sustainable Development.
In addition, Bill Gates spoke about the G20 on his website: gatesfoundation.org
BILL GATES – discussing his idea of Death Panels, where the money used to keep poor & sick people alive for a few extra months, could be better spent on Teachers!
Gates Foundation pursues a lot of activity in India including the promotion of financial inclusion, the health sector, and climate change
Bill Gates on Tuesday met Reserve Bank of India Governor Shaktikanta Das and discussed various issues including financial inclusion, payment systems, microfinance and digital lending among others.
In a recent article, Gates said, climate change and global health are inextricably linked. “Hotter temperatures will make poverty reduction harder by increasing food insecurity and the prevalence of infectious diseases and diverting resources away from those who need them the most. It’s a vicious cycle,” he had said.
Editor: As a consequence, Bill Gates and his business partners continue to produce exponentially worse problems than the ones they propose to ‘solve’, while simultaneously working to concentrate more and more power into their hands.
On the other side, World Bank President David Malpass changes his response to the climate crisis:
Facing calls to resign, World Bank’s Malpass changes answer on the climate crisis
Under pressure to resign for declining to say whether he accepts the scientific consensus on global warming, World Bank President David Malpass said on Thursday it was clear greenhouse emissions are causing climate change and defended his record as bank chief.
Malpass sought to restate his views in a note to staff and an interview on CNN International, during which he was asked if he was a climate change denier. His views drew scrutiny after he refused to say during a public event this week whether he believes fossil fuel burning is warming the planet.
“It’s clear that greenhouse gas emissions are coming from manmade sources, including fossil fuels, methane, the agricultural uses, the industrial uses, so we’re working hard to change that,” Malpass said.
Malpass has long faced criticism from climate advocates, who renewed calls on President Joe Biden to replace him. His remarks at a climate event hosted by the New York Times on Tuesday also rekindled concerns about the bank’s lack of a deadline to stop funding fossil fuels.
Continue Reading: ( https://www.reuters.com/business/environment/world-banks-malpass-faces-calls-resign-after-climate-change-doubts-2022-09-21/ )
Apr 1, 2022: “The financial system is broken – the solutions require new rules” – Dr Pippa Malmgren Held annually in Dubai, United Arab Emirates, The World Government Summit brings together thought leaders, global experts and decision makers from around the globe to share and contribute to the development of tools, policies, and models that are essential in shaping future governments. Dr Pippa Malmgren, Avonhurst Senior Advisor, comments: “A new world order is forming, not by design but by default. Pressures in markets and geopolitics are combining to create a new landscape for individual citizens and corporate citizens alike. “The old world order was analogue. The new world order will be digital. That means contracts, money, and governance will all be digital too. “The financial system in the industrialized world was already broken when the recent wars broke out – trade wars, the Russian invasion of Ukraine, and the war on the Covid virus. The solutions require a new set of rules”.
RBI announces regulatory guidelines on climate risk and sustainable finance
Reserve Bank of India governor Shaktikanta Das stated that a discussion paper (DP) on climate risk and sustainable finance was placed on RBI website on July 27, 2022, for public comments and feedback. Based on analysis of the feedback received in this regard, the RBI has decided to issue several guidelines for Regulated Entities (REs).
Governor Shaktikanta Das on Wednesday announced regulatory initiatives on climate risk and sustainable 6nance while announcing key policy decisions by Monetary Policy Committee (MPC)
The decision has been made to prepare a strategy based on global best practices on mitigating the adverse impacts of climate change, said Das.
He stated that a discussion paper (DP) on climate risk and sustainable finance was placed on RBI website on July 27, 2022, for public comments and feedback. Based on analysis of the feedback received in this regard, the RBI has decided to issue several guidelines for Regulated Entities (REs).
These guidelines include:
- Broad framework for acceptance of Green Deposits
- Disclosure framework on Climate-related Financial Risks
- Guidance on Climate Scenario Analysis and Stress Testing
The guidelines will be issued in a phased manner, said governor Das in his virtual address.
“Further, the Reserve Bank shall have a dedicated webpage on its website which will consolidate all instructions, press releases, publications, speeches and related RBI communication on climate risk and sustainable finance,” he said.
The RBI-led rate-setting panel also raised the country’s policy rate by 25 basis points in its last policy review of the fiscal year (FY23) amid moderating inflation.
MPC increased the repo rate, or the key rate at which the RBI lends short-term funds to commercial banks, to 6.50 per cent from 6.25 per cent. The key rate has now been raised by 250 (225 + 25) bps since May by the panel. The panel also decided to remain focused on withdrawal of accommodative stance.
The inflation forecast for the country for this fiscal year was cut, even as the governor Wagged stickiness of the core inflation to be a matter of concern.
Inflation in the next fiscal year is expected to be 5.3 per cent for 2023-2024, with Q1 at 5 per cent, Q2 at 5.4 per cent, Q3 at 5.4 per cent and Q4 at 5.6 per cent. The Mint street and its boss had earlier said they expect inflation to ease to 5 per cent by April to June of next year.
Meanwhile, real GDP growth for FY24 was pegged at 6.4 per cent while growth for FY23 has been pegged at 7 per cent.
RBI Monetary Policy: Governor Shaktikanta Das’ Address | RBI Rate Hike
India’s economic growth appears to be very fragile, says RBI monetary policy committee member Jayanth Varma
India’s economic growth appears to be ‘very fragile’ and it may fall short of what the country needs to meet the aspirations of its growing workforce, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Sunday. In India, Varma said he expects inflation to remain high in 2022-23 but come down significantly in 2023-24.
IDFC & Federal Bank partner with Sa-Dhan on UPI123PAY
“Digitization in collections in the microfinance sector has been a great challenge as most of the MFI clients do not possesses smartphones. The association with NextGen, Federal Bank and IDFC First will help in developing a new payment and collection system by using feature phones with the technological intervention being provided by them,” said Jiji Mammen, ED & CEO, Sa-Dhan.
Private sector lenders IDFC First and Federal Bank will partner with association of microfinance institutions Sa-Dhan and Delhi-based fintech solutions provider NextGen to promote digital payments by feature phone users.
Source: News18, TOI, ET, Reuters, PTI