India To Launch We Lead Lounge At The World Economic Forum

On Monday, the 54th Annual Meeting of the World Economic Forum (WEF) is set to kick start from January 15–19 in Davos, Switzerland. The WEF will host dialogue sessions with political leaders, business executives, academics, and other influential figures to discuss and address pressing global issues.

At the WEF, India will open its first-ever “We Lead” lounge to emphasise the benefits of investing in women’s leadership, which directly strengthens the nation’s economy.

It highlights women leaders, the India Engagement Centre, pavilions by Maharashtra, Telangana, Tamil Nadu, and Karnataka, and the IT majors from Wipro, TCS, Infosys, and HCLTech demonstrating the potential of AI and technology.

It will focus on India’s part in the “We Lead” Lounge and India’s journey in women-led development. Additionally, to support the women’s leadership, it would organise a variety of gender-related discussions and also host a fireside chat on “investing in women.”.

Union Minister for Women and Child Development Smriti Irani will inaugurate the WeLead Lounge as part of the Indian delegation. The Ministry of Women and Child Development will oversee it with assistance from the Confederation of Indian Industry, which is funded along with the Bill & Melinda Gates Foundation.

22 million-year-old lost forest of Panama Canal Resurfaces

Researchers from the Smithsonian Tropical Research Institute have discovered a 22 million-year-old mangrove forest on Barro Colorado Island. The mysterious forest reportedly vanished from the earth due to a massive volcanic eruption in the Panama Canal. This catastrophe destroyed the forest but kept the fossils intact, with its silica-rich waters preventing decomposition.

The forest consisted of Sonneratioxylin barrocoloradoensis mangrove species, which grew to a height of 82 feet, and the tallest specimen could grow up to 131 feet which easily outspace the modern mangrove forests in height. The 121 fossilised wood specimens were found on the island, along with the mangrove forest, whose wood anatomy indicates its similarity to Southeast Asian mangroves. Sedimentary samples taken from the island show that ancient mangroves flourished in a setting where fresh and sea waters mixed.

The missing forest dates back to the early Miocene Epoch, approximately 23 million years ago. Intense volcanic activity was present in central Panama during this time when the region was a long, narrow peninsula that was separated from South America yet connected to North America.

The researchers published a study documenting their discovery in the journal Palaeogeography, Palaeoclimatology, and Palaeoecology.

Ayushman Bharat Scheme Hits 30 Crore Health Insurance Card Milestone

The BJP’s flagship health insurance scheme, Ayushman Bharat, has surpassed 30 crore beneficiary cards. The National Health Authority launched the AB-PMJAY (Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana), which offers secondary and tertiary care hospitalisation coverage worth Rs. 5 lakh per household annually.

According to government data, Uttar Pradesh tops the list with the highest number of AB beneficiary cards, with 4.8 crore holders. Madhya Pradesh and Maharashtra are next on the list, with 3.78 crore and 2.39 crore AB beneficiary card users, respectively. It has confirmed more than one crore Ayushman card holders in eleven states as of January 12.

As per the Health Ministry, gender equity is a fundamental component of the scheme’s design, as women have been issued nearly 14.6 crore Ayushman cards.

The Ayushman Bharat PM-JAY card safeguards underprivileged families from the financial burden of illness and has emerged to represent equity and empowerment.

In addition, it has made possible 6.2 crore hospital admissions, saving these families Rs. 1.25 lakh crore in additional expenses. The cost of these treatments would have more than doubled to roughly Rs. 79,157 crores without the scheme’s assistance.

Aliko Dangote

Aliko Dangote GCON (Grand Commander of the Order of the Niger) is a Nigerian billionaire and the founder of Lagos headquartered Dangote Group with the designation of President and Chief Executive. He is also a member of the board of the Corporate Council on Africa and the Steering Committee of the United Nations Secretary-General’s Global Education First Initiative, the Clinton Global Initiative, the McKinsey Advisory Council, and the International Business Council of the World Economic Forum. Though he was born in a wealthy business family of Nigeria – his great grandfather, Alhaji Alhassan Dantata, was the richest African at the time of his death in 1955 – he was so interested in business that even in his primary school he bought cartons of sugar boxes and sold them to make money.

This gentleman’s reputation precedes him, worldwide. The richest in Africa, he also surpassed in 2013 Saudi-Ethiopian billionaire Mohammed Hussein Al Amoudi by over $2.6 billion to become the world’s richest person of African descent.

DECLARING DOMINANCE

Starting in 1978 as a trader of rice, sugar and cement with a loan of $3000 by a family member, he soon ventured into full-scale manufacturing. Focusing on meeting the basic needs of the Nigerian population by providing local, value-added products and services, he expanded the Dangote Group by leaps and bounds.

Today, he heads the multi-trillion-naira industrial conglomerate that deals in cement manufacturing, sugar refining, salt refining, oil refinery, polysacks, beverages, flour, pasta, seasoning, real estate, telecommunication, steel and fertilizers with a presence in 18 African countries and employing more than 30000 people. In the late 1990s, Dangote forayed into manufacturing consumer goods such as sugar refining and flour milling and then in cement manufacturing. One of his subsidiary companies is listed on the Nigerian Stock Exchange whose market capitalization is accounts for almost 20 percent of the total capitalization of the stock exchange. The visionary leader also signed a contract for the installation of a large underwater offshore pipeline with CNOOC Group.

CONCLUSIVE CONVINCING

Dangote takes a no neither easily, nor seriously. In 1990s, he got a yes from the Central Bank of Nigeria to be allowed to manage at cheaper rates their fleet of staff buses through his transport company. In July 2012, he approached the Nigerian Ports Authority and received the rights of an abandoned piece of land on lease to build facilities for his flour company. These approvals are not easy to get, but Dangote is capable of convincing others decisively.

LEADER OF PEOPLE

He is passionate about doing everything for the people of Nigeria. He encourages them to invest within the country and keep their profits or rewards with themselves. Dangote’s telecommunications project resulted in building 14,000 kilometers of fibre optic cables to supply in entire Nigeria. For this, he was honored as the leading provider of employment in Nigerian construction industry in 2009.

Acknowledging his extensive efforts towards manufacturing and employment in Nigeria, in 2010, President Goodluck Jonathan appointed him as the Chairman, National Job Creation Committee to assist the government in creating employment opportunities for Nigerians.

As a result of his global impressive contributions, recently in June 2021, he has been honoured with Cameroon’s top civilian award – the Commander of the National Order of Valour.

In 2015, he was also among “50 Most Influential Individuals in the World” list by Bloomberg Markets and also won ‘the Guardian Man of the Year 2015’ award. Additionally, he is the Chairman, National Partnership Committee of Government and Private Sector on Technical and Vocational Education and Training (TVET); Member, Honorary International Investor Council (HIIC); a Malaria Ambassador; and Founding Board Member and Patron, Private Sector Health Alliance of Nigeria (PHN), thus contributing towards various aspects such as skill development, good governance and reengineering of the economy, to name a few.

INTERNATIONAL LOVE

In 2013, Alhaji Aliko Dangote, along with six other eminent Nigerians, was conferred Honorary Citizenship of Arkansas State by Governor Mike Beebe, who also declared May 30 every year as Nigeria Day in the US. Dangote is not only a foremost industrialist in Africa, he is equally loved and respected abroad. He is a member of several national and foreign organizations through which he contributes to the growth and development of people of several countries.

He has been quite active in philanthropic activities including the United Nations’ World Food Programme, Clinton Global Initiative, World Economic Forum, United Nations Secretary-General’s Global Education First Initiative, Bill and Melinda Gates Foundation, Corporate Council on Africa, and many others thus contributing towards global education and eradication of polio. Dangote entrusted a $3.3 million complex to Bayero University Business School. He also donated 150 fully kitted operational cars to the Nigeria Police Force and 200 housing units to Boko Haram victims – mostly women and children. He was also associated with the board of directors of the Clinton Health Access Initiative. In addition to this, he had contributed N50 million (US$ 500,000) to the National Mosque under the aegis of “Friends of Obasanjo and Atiku” and N200 million to the Presidential Library. In 2014, Dangote had donated N150 million for stopping the spread of Ebola virus.

Moreover, to speed-up the work in health, education, economic empowerment and disaster relief sectors, Dangote made an initial offering of $1.25 billion to the Dangote Foundation which now has become the largest private Foundation in sub Saharan Africa. On behalf of his foundation, he also supports stand-alone projects which have potential for significant social impact and works with state and national governments and national and domestic charities. Recently in 2020, he donated N200 million towards the fight against COVID-19 pandemic.

UK to Deploy Warships and Aircraft Carrier for Indian Ocean Joint Training

In a strategic move reflecting the deepening ties between the United Kingdom and India, the UK has announced its plan to deploy warships, including an aircraft carrier, for joint training exercises in the Indian Ocean. This collaborative initiative underscores the commitment of both nations to enhancing maritime security, promoting regional stability, and fostering a robust defense partnership. The decision to deploy a formidable naval presence in the Indian Ocean is a significant development in the evolving defense collaboration between the UK and India. As geopolitical dynamics in the Indo-Pacific region continue to evolve, this joint training endeavor not only strengthens bilateral ties but also sends a clear message about the shared commitment to maintaining a free and open Indo-Pacific.

The centerpiece of the UK’s deployment is the aircraft carrier, HMS Queen Elizabeth, a symbol of British naval power. The carrier, equipped with a state-of-the-art complement of aircraft, will participate in joint exercises aimed at enhancing interoperability and mutual understanding between the naval forces of both nations.

The joint training program is expected to involve multinational exercises, providing an opportunity for naval forces from various countries to collaborate on scenarios ranging from disaster response to counter-piracy operations. This collective approach fosters a collaborative security architecture, contributing to the safety and well-being of the Indian Ocean region.

With an emphasis on maritime security, the joint training will focus on enhancing the capabilities of both navies in safeguarding critical sea lanes, combating piracy, and responding effectively to emerging security challenges. Additionally, the collaboration aims to address shared concerns about counterterrorism and transnational threats in the maritime domain.

Kidambi Srikanth stuns Jonatan Christie in Malaysia Open

In a thrilling display of skill, determination, and sportsmanship, Indian badminton ace Kidambi Srikanth left spectators in awe as he pulled off a stunning victory against Jonatan Christie in the Malaysia Open. The pulsating match showcased Srikanth’s exceptional prowess on the badminton court and underlined his resilience as he emerged triumphant against a formidable opponent. The win not only adds another feather to Srikanth’s cap but also solidifies his standing as one of India’s premier badminton players.

The Malaysia Open witnessed an electrifying showdown between two badminton titans – Kidambi Srikanth and Jonatan Christie. The match was highly anticipated, given the caliber of both players and their previous encounters on the court. Christie, known for his speed and agility, and Srikanth, celebrated for his precision and powerful strokes, promised a gripping contest, and they delivered just that.

Kidambi Srikanth, ranked among the top players globally, showcased his mettle in a match that had badminton enthusiasts on the edge of their seats. The Indian shuttler demonstrated a perfect blend of offensive and defensive strategies, keeping his opponent on the move throughout the game. His swift footwork, impeccable net play, and thunderous smashes left Jonatan Christie struggling to match up.

The turning point of the match came with Srikanth’s relentless attack, catching Christie off guard and securing crucial points. The Indian shuttler’s ability to maintain composure during crucial moments underscored his mental resilience, a trait often characteristic of champions.

India’s Modi Woos Investors at Vibrant Gujarat Business Summit

In a bid to propel India towards economic prosperity, Prime Minister Narendra Modi recently played host to the Vibrant Gujarat Business Summit, an event that stands as a testament to India’s commitment to fostering global investment and sustainable growth. The summit, held annually in the state of Gujarat, has become a crucial platform for international investors, industry leaders, and policymakers to engage in meaningful discussions, explore business opportunities, and chart the course for India’s economic future.

Prime Minister Modi, known for his charismatic leadership, delivered a compelling address to the global investor community gathered at the summit. His speech underscored India’s resilience in the face of global challenges and emphasized the nation’s unwavering commitment to economic reforms, ease of doing business, and inclusive development.

PM Modi reiterated the vision of building a self-reliant India, highlighting the government’s push for indigenous manufacturing and reduced dependence on imports. The emphasis on self-reliance aims to create a robust and resilient economy capable of withstanding global uncertainties. The Prime Minister emphasized India’s commitment to sustainable development, showcasing initiatives in renewable energy, waste management, and environmental conservation. This commitment aligns with global efforts to address climate change and promote eco-friendly business practices. He also highlighted the significant strides India has made in digital technology and innovation. The government’s push for a digital economy, coupled with initiatives like Digital India and Make in India, aims to position the country as a technology and innovation hub on the global stage. The Prime Minister assured investors of the government’s commitment to further improve the ease of doing business in India. Streamlining bureaucratic processes, reducing red tape, and introducing investor-friendly policies are key components of this commitment.

Dutch and Singapore Firms Set to Invest $7 Billion in India

In a testament to India’s growing appeal as an investment destination, Dutch and Singaporean firms have announced plans to collectively invest a substantial $7 billion in the country. This strategic move signals not only the confidence of international investors in India’s economic potential but also a significant milestone in fostering stronger ties between these nations. The investment is poised to inject fresh momentum into key sectors, contributing to India’s economic growth and reinforcing its position on the global investment map.

The Netherlands, known for its robust business environment and innovative industries, is set to contribute significantly to India’s economic landscape. Dutch companies, recognizing India’s economic resilience and market potential, are directing substantial investments across various sectors. This includes areas such as renewable energy, technology, agriculture, and healthcare.

Singapore, a global financial hub and a key player in Southeast Asia, is also set to make a substantial investment in India. Singaporean firms, well-known for their strategic investments worldwide, are eyeing opportunities in India’s burgeoning market. Sectors such as infrastructure, real estate, and information technology are likely to witness a significant influx of funds.

Singapore’s keen interest in India aligns with its strategic vision of expanding economic ties with emerging markets. The collaboration is anticipated to enhance economic resilience, promote sustainable development, and open avenues for further collaboration in the future.

Macron Appoints Youngest Prime Minister in French History as He Seeks to Reboot Presidency

In a move aimed at injecting fresh energy into his administration, French President Emmanuel Macron has appointed 34-year-old Gabriel Attal as the country’s new Prime Minister. Attal, the former Education Minister, becomes the youngest person to hold the office in French history, surpassing Michel Rocard who was 37 when he took the role in 1988.

Macron’s decision to replace Élisabeth Borne, who resigned on Monday, comes as he faces declining approval ratings and growing public discontent over rising living costs and the government’s handling of immigration. The appointment of Attal, a dynamic and popular figure within Macron’s centrist La République En Marche (REM) party, is seen as an attempt to reboot the presidency and appeal to younger voters ahead of key European Parliament elections in May.

Attal, a graduate of the prestigious École Normale Supérieure and a former McKinsey consultant, is known for his communication skills and his ability to connect with voters across the political spectrum. He is also a close confidante of Macron, having served as his spokesperson during the 2017 presidential campaign.

Despite his youthful energy and Macron’s backing, Attal faces a number of significant challenges in his new role. The French economy is struggling to recover from the COVID-19 pandemic, and inflation is at a 40-year high. There is also deep public disquiet over immigration, with far-right parties making gains in recent polls.

In addition to these immediate challenges, Attal will also need to navigate the complex relationship between the President and the Prime Minister. Under the French Constitution, the President wields significant executive power, but the Prime Minister is responsible for leading the government and setting policy. Macron has a reputation for being a hands-on President, and it remains to be seen how much autonomy Attal will be given.

Macron’s decision to appoint Attal is a gamble. While his youth and dynamism may appeal to some voters, others may see him as inexperienced and lacking in the gravitas needed to lead the country through a time of crisis. It remains to be seen whether Attal will be able to revive Macron’s presidency or whether he will become another casualty of the current political climate in France.

Indonesia Steps Up: Ready to Finish South China Sea Rules

Indonesia, a bigwig in Southeast Asia, wants to team up with its neighbors to finally write the rules for sailing smooth in these busy waters. You know, like traffic lights for ships and ways to settle disagreements without squabbles.

This “code of conduct,” as they call it, has been stuck in talks for ages, like an unfinished puzzle. But Indonesia is waving its hand saying, “Let’s put the pieces together!” It’s important because the South China Sea is like a bustling marketplace, with many countries fishing, trading, and exploring there. Having clear rules means everyone can play nicely and avoid bumps in the road.

Of course, not everyone’s thrilled about this. Some think Indonesia is stepping onto toes, especially China, which claims big chunks of the sea. But Indonesia, known for its calm seashell spirit, is saying, “Hey, let’s talk it out, figure things out together, and keep the peace.”

So, what’s next? Well, Indonesia is rolling out the welcome mat for all the seafaring neighbors. They’ll chat, listen, and hopefully draft a code that everyone can agree on. It won’t be easy, like building a sandcastle that stands against the tide. But with Indonesia’s friendly nudge and everyone’s cooperation, maybe, just maybe, the South China Sea can finally sail into calmer waters.