rd Global Conference on Biodiversity Finance:
Media Advisory
Finance for nature key to sustainable development, economic growth and conserving the environment
3rd Global Conference on Biodiversity Finance: 6-8 March 2018, Chennai, India
Biodiversity finance is fundamental to sustainable development including poverty reduction and tackling climate change. Biodiversity hotspots strongly overlap with areas where economic activities take place and local communities reside, and are often characterised by high poverty rates, with communities being strongly dependent on direct use of natural resources.
Well financed sustainable biodiversity management serves these communities and assures key services for future economic growth and wellbeing.
The event facilitates experience sharing and technical discussions among the 30 BIOFIN countries, creates a platform for lively discussions from a range of experts, academics, private sector and government about results from BIOFIN implementation inform global audiences and future initiatives, and explore opportunities for biodiversity finance solutions and investments in BIOFIN countries and the regions.
Speakers include:
· Dr Harsh Vardhan Minister of Environment (India)
· Mr Tarsicio Granizo, Minister of Environment (Ecuador)
· Ms Josephine Sato, Congresswoman (Philippines)
· Ms Jean Kapata, Minister of Land, Natural Resources and Environment Protection (Zambia)
· Mr Yuri Afanasiev, United Nations Resident Coordinator for India (UNDP)
· Ms Namita Vikas, Chief Sustainability Officer, Yes Bank (India)
· Mr Andrew Mitchell, Global Canopy Programme
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Join us at the WelcomHotel Kences Palm Beach, Devaneri Village, East Coast Road Mamallapuram to hear from these and many more policy makers and experts from Africa, Latin America and Asia.
The Biodiversity Finance Initiative (BIOFIN) is operating directly in 30 countries, with several others utilising parts of the BIOFIN methodology . It provides a comprehensive methodology for governments to review the existing policy contexts, measure expenditure levels for biodiversity, calculate future financial needs, and design strategic plans to deploy the right mix of finance solutions, tailored to the country context.
For more information contact:
Yamini Lohia, UNDP India: yamini.lohia@undp.org ; Yangerla Jamir, UNDP India: yangerla.jamir@undp.org
Watch a short video explainer here, or for more information visit http://www. biodiversityfinance.org
United Nations In India
55, Lodi Estate, New Delhi 110003
Tel: 91 11 46532242
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Saudi Arabia hosted its first marathon for women
Saudi Arabia hosted its first marathon for women on Saturday as the conservative kingdom seeks to boost female sports in a far-reaching modernisation drive.
Hundreds of women runners, many of them dressed in traditional Islamic attire, raced in eastern Al-Ahsa region.
Saudi-owned Al-Arabiya News quoted the marathon’s supervisor, Malek al-Mousa saying the aim of the marathon is to promote running and introduce the concept of sports for all, for a healthier way of life.
The event came after Riyadh hosted its first international half-marathon in late February, which prompted complaints from some Saudis on social media about the notable absence of women.
The pro-government Okaz newspaper reported that sports authorities are set to organise another marathon for women in the holy city of Mecca on 6th of April.
S.Korean delegation heads to North Korea
A South Korean delegation is heading to North Korea today. National Security Advisor Chung Eui-Yong, who is leading the delegation, said they plan to hold in-depth discussions for ways to continue not only the inter-Korean talks but also the dialogue between North Korea and the international community including the United States.
He said the delegation will deliver South Korean President Moon Jae-in’s firm resolution to denuclearise the Korean peninsula and create sincere and lasting peace. The delegation will fly to Washington on Wednesday to explain to the officials the result of the two-day trip to Pyongyang.
Last month, athletes from both sides of the divided peninsula marched together at the South’s Pyeongchang Winter Olympics, with the North’s leader Kim Jong Un sending his sister as a special envoy to the event. The trip was the first visit to the South by a member of the North’s ruling dynasty since the end of the Korean War.
Right-wing coalition ahead in Italy vote
Silvio Berlusconi’s right-wing coalition is set to win the most votes but may fall short of a majority in Italy’s election, with far-right and populist parties surging ahead.
As per exit polls, Berlusconi, a flamboyant three-time former Prime Minister, cannot hold elected office because of a fraud conviction but has put forward European Parliament President Antonio Tajani as his Prime Ministerial nominee.
His four-party coalition is expected to win between 31 and 41 per cent of the vote, followed by the anti-establishment Five Star Movement with 29-32 per cent. An exit poll by private channel La7 put Berlusconi’s coalition at between 32 and 37.6 per cent and the Five Star Movement between 28.8 and 30.8 per cent.
The ruling centre-left Democratic Party was trailing in third place.
Nagaland Governor P B Acharya given 48 hours to TR Zeliang & NDPP-BJP
Nationalist Democratic Progressive Party (NDPP), BJP and others are meeting in Kohima today to elect Neiphiu Rio as their leader. The NDPP leader had yesterday staked claim to form the government in the state claiming that the alliance has the majority.
On the other hand, Chief Minister TR Zeliang along with other elected Naga People’s Front MLAs also called on the Governor and claimed to form the next government, as it emerged as the single largest party in the recently held elections. The Chief Minister claimed that he enjoys the support of other elected members. The Governor has given both groups 48 hours to prove majority.
Meanwhile, the political equation has changed in the state as the Tening Assembly Constituency seat was yesterday awarded to the NDPP. With this, the total strength of NDPP has gone up to 18. BJP has 12 MLAs, NPF – 26, JD (U) -1, Independent -1 and NPP has two.
Though the election battle is over, the race to power is still on, as both claimants- NDPP+ BJP along with one JDU and one Independent MLAs have staked claim to form the next government, while the NPF with 26 MLAs and NPP with two MLAs have also met with the Governor and insisted that NPF is the single largest party.
NDPP+BJP have 30 and with one JDU and Independent have a simple majority of 32 members. NPF, on the other hand, has 26 members and along with pre-poll partner, NPP claimed 28.
It may be mentioned here that the JD (U), along with the Nationalist Peoples’ Party (NPP) had signed a letter of support with the NPF, prior to the declaration of the State Assembly election results.
Governor P B Acharya has given 48 hours to both groups to prove their majority. The swearing-in ceremony of the new ministry will be held either on Mar. 7 or 8th. Prime Minister Narendra Modi is also expected to attend the ceremony.
According to sources, unlike other years, the ceremony has been scheduled to be held at Kohima local ground.
Both houses on opening day
Both Houses of Parliament witnessed adjournments over different issues on the opening day of the second half of the Budget Session today. The Lok Sabha was adjourned for the day, and the Rajya Sabha till 2 PM.
In the Lok Sabha, Opposition parties forced the adjournment on bank fraud cases and issues related to according special category status to Andhra Pradesh.
As soon as the House re-assembled at Noon after the first adjournment, members belonging to Congress, Left parties, TMC raised the issue of bank fraud cases and trooped into the well raising slogans.
TDP members, who were also in the well pressed for granting a special status to Andhra Pradesh as per the Andhra Pradesh Reorganization Act of 2014.
TRS members, however, demanded the increase in the job reservation quota beyond 50 per cent.
Amid the sloganeering, Speaker Sumitra Mahajan announced that the resignation of Neiphiu Rio of the NPF from the membership of the Lok Sabha has been accepted.
She also rejected the adjournment notices given by various opposition parties. Amid the continued noises, the House was adjourned till tomorrow.
In the Rajya Sabha, as soon as the House met, members belonging to TMC, AIADMK and TDP members trooped into the well in support of their demands. TMC has demanded that the jeweller Nirav Modi be brought back to India.
AIADMK wanted the appointment of river Cauvery Management Board for monitoring the water distribution among the states following Supreme Court order.
Dr KVP Ramachandra Rao of the Congress displayed placard demanding special status to Andhra Pradesh. The House was first adjourned for ten minutes and later till 2 PM.
The government has ordered a CBI enquiry into the alleged paper leaks of the Staff Selection Commission (SSC) Combined Graduate Level (Tier-2) Examination. Talking to reporters outside Parliament, Home Minister Rajnath Singh said, the Centre has accepted the demands of protesting candidates and has given orders for a CBI inquiry. He urged the students to end their protest.Earlier, SSC had recommended a CBI inquiry into the alleged paper leaks of the exam held last month.
USS ‘Carl Vinson’,in Danang
USS ‘Carl Vinson’, the Nimitz-class nuclear powered aircraft carrier, anchored on Monday in the Vietnamese port city of Danang, where US troops first landed during the Vietnam War. “It’s a pretty big and historic step, since a carrier has not been here for 40 years,” said Rear Adm. John V. Fuller, the commander of the Carl Vinson strike group. He added the four-day port call is to “promote security, stability and prosperity in the region.” The arrival of the Carl Vinson marks the first time an American aircraft carrier has docked in Vietnam since the US troops withdrew in 1975.
Jimmy Morales:Guatemala to move embassy in Israel to Jerusalem
Guatemala will move its embassy in Israel to Jerusalem from Tel Aviv in May, two days after the US embassy makes the same move, according to Guatemalan President Jimmy Morales. Reuters quoted Morales as saying in a speech at the American Israel Public Affairs Committee’s annual policy conference on Sunday in Washington. “His courageous decision has encouraged us to do what is right,” Morales added.
Guatemala was one of only a handful of countries that backed Trump’s December decision to recognize Jerusalem as the capital of Israel. It is also the first country besides the United States to set a date for moving its embassy there.
Libyan PM urges army unification
Libya’s UN-backed Prime Minister Fayez Serraj said on Saturday that the unification of the army is crucial for the security of the country. Serraj made the remarks during his meeting with the government’s military dialogue committee on the unification of the army.
“The unification of the military institution is absolutely necessary to secure the borders and face the challenges in the country,” he was cited by a statement by the media office of the prime minister as saying.
“This is what all parties must realize to work hard and have a national responsibility to ensure the success of the political consensus process,” Serraj added.
The committee briefed the prime minister on the recent talks in Cairo that aimed to unite Libya’s divided armed forces.
Following the 2011 uprising which toppled former leader Muammar Gaddafi’s regime, Libya has been suffering insecurity and political division, with divided authorities in the east and the west, including the army.
Egypt’s capital Cairo has hosted extensive meetings that brought together a number of Libyan military officers to establish a united army, since October 2017,
Serraj and Khalifa Haftar, the commander of the eastern-based army, met twice in 2017, respectively in May in the United Arab Emirates and in June in France, in order to develop a strategy to unify the Libyan army and integrate the military institution under civilian authority.
China adds Brunei to new silk road
Month back Brunei’s ruler announced a major shake-up of his cabinet on Tuesday replacing six top ministers just over a couple of years after they were appointed.
Brunei‘s northern tip on the South China Sea, thousands of Chinese workers are building a refinery and petrochemical complex, along with a bridge connecting it to the capital, Bandar Seri Begawan.
When completed, the first phase of the $3.4 billion complex on Muara Besar island, run by China’s Hengyi Group, will be Brunei’s largest-ever foreign investment project, and comes at a time when the oil-dependent country needs it the most.
Brunei’s oil and gas reserves are expected to run out within two decades. As production falls, oil firms won’t be investing much into existing facilities, further hampering output, oil analysts say. As a result, the country’s oil revenues, which provide virtually all of Brunei’s government spending, are in steady decline.
With youth unemployment rising, Brunei’s ruler, Sultan Hassanal Bolkiah, is trying to quickly reform the economy and diversify its sources of income, while fighting graft and cracking down on dissent.
Brunei’s changing fortunes have been reflected its financial industry. HSBC pulled out of Brunei last year, while Citibank exited in 2014 after 41 years. Bank of China, meanwhile, opened its first branch in the sultanate in December 2016.
The Muara Besar project is promising over 10,000 jobs, at least half of which would go to fresh graduates, media reports in Brunei said. But claims that thousands of Chinese workers have been shipped in to build the complex has angered some local residents.
“There are no jobs for us, so why create some for the Chinese?” asked one shopkeeper in the capital city.
‘Maritime Silk Road’
Hengyi Industries, the local company building the refinery, did not respond to requests for comment. The company, founded in 2011 and based in Bandar Seri Begawan, expects to complete the first phase of the refinery and petrochemical complex on Muara Besar by the end of the year, according to its website.
A $12 billion second phase will expand the refinery capacity to 281,150 barrels per day, and build units to produce 1.5 million tonnes per year of ethylene and 2 million tpy of paraxylene, the company said last month.
Total Chinese investment in Brunei is now estimated at $4.1 billion, according to the American Enterprise Institute’s China Global investment tracker.
That will almost certainly rise as China ramps its“Belt and Road” initiative. Sometimes called the “21st Century Maritime Silk Road, it envisages linking China with Southeast Asia, Africa and Eurasia through a complex network of ports, roads, railways and industrial parks.
“Brunei is an important country along the 21st century Maritime Silk Road,” China’s Ambassador to Brunei Yang Jian said at the opening ceremony in February 2017 for a joint venture, running Brunei’s largest container terminal.
Accumulated US foreign investment in Brunei, by contrast, was just $116 million in 2012, the latest figures available, according to the U.S. State Department.
China has invested about $205 billion in East Asia between 2010 and 2017, according to the China Global investment tracker.
It’s been increasing those investments while tussling with four other Southeast Asian nations, including Brunei, over competing claims to islets and atolls in the South China Sea.
Building good relations and offering big investments are part of China’s strategy to split Southeast Asian nations to ensure there is no consensus on South China Sea matters,” said Jatswan Singh, associate professor at the University of Malaya in Kuala Lumpur, who has authored four books on Brunei.
“The Sultanate is hard-pressed for investments to diversify its economy, and in this sense the Chinese investments are important to (Brunei),” he said.
Brunei has not commented publicly about its territorial claims in the South China Sea.
Whittling back benefits
There was a time not so long ago, with oil prices over $100 a barrel, when Brunei citizens could care less about jobs at a refinery.
Squeezed between two Malaysian states on the island of Borneo, Brunei provided cradle-to-grave benefits for its 420,000 citizens, including zero taxes, subsidized housing and free education and health care.
But the sultan has had to whittle back some of those benefits — Brunei has been in recession for three straight years — and tighten up the ship of state.
The 71-year-old Bolkiah, the world’s second-longest reigning monarch, reshuffled his cabinet again last month, replacing six top ministers — just over a couple of years after they were appointed. No explanation was given.
Sources close to the government and foreign diplomats say Bolkiah wanted to weed out corruption, and address grumbling among the Malay-Muslim majority who are unhappy with the pullback in welfare programs, budget cuts and unemployment.
In the last available official report in 2014, the unemployment rate was put at 6.9 percent. Unofficial figures suggest youth unemployment could be as high as 15 percent.
“A majority in Brunei expect a job in the government, state linked firms or in the oil and gas sector. But all three have been hit pretty hard,” said one Western diplomat.
Bolkiah, who is also the prime minister, controls the key portfolios of defense, finance and foreign affairs.
The Sultan’s office did not respond to a request for comment and newly appointed ministers refused to comment during national day celebrations last week.
The Sultan, however, is still popular. He marked 50 years in power last October, with a glittering procession through the capital on a gilded chariot, cheered by well-wishers.
But in the long run, an economy based on dwindling single source of income could erode the relationship between the ruler and his subjects, said Muang Zarni, democracy advocate and a former research fellow at the London School of Economics.
“That doesn’t mean that will translate into street protests. But Bruneians know things are not as rosy as they appear in the Sultan’s newspapers and TV channels,” said Zarni, who quit the University Brunei Darussalam in 2013 over what he said was a lack of academic freedom.
Oscars 2018:The list of award winners
The Academy Awards, or Oscars, the highest honors in the movie industry, were handed out on Sunday at a ceremony in Hollywood hosted by comedian Jimmy Kimmel.
Fantastical romance The Shape of Water won best picture, the film industry’s most prestigious honour, at Sunday’s Oscar ceremony.
Sam Rockwell (Best Supporting Actor, Three Billboards Outside Ebbing, Missouri), Frances McDormand (Best Actress award, Three Billboards Outside Ebbing, Missouri), Allison Janney (Best Supporting Actress, I, Tonya) and Gary Oldman (Best Actor, Darkest Hour)
The Fox Searchlight movie’s Mexican filmmaker, Guillermo del Toro, took home the best director Oscar, dashing the hopes of a rare win by a woman or a black filmmaker.
The movie about a mute cleaning woman who falls in love with a strange river creature had gone into the ceremony with a leading 13 nominations, and won a total of four Academy Awards.
As expected, Britain’s Gary Oldman was named best actor for playing World War Two leader Winston Churchill in Warner Bros’. Darkest Hour, while Frances McDormand’s woman in a fury was a popular best actress winner for Fox Searchlight’s dark comedy Three Billboards Outside Ebbing, Missouri.
A Fantastic Woman, Chile’s groundbreaking story about a transgender woman, played by transgender actress Daniela Vega, won best foreign language film, and Mexican-inspired Coco was named best animated feature.
Sam Rockwell, and Allison Janney took home their first Oscars for their supporting roles Three Billboards and independent ice-skating movie I, Tonya, respectively.
Following is a list of winners in key categories for the awards:
Best Picture: The Shape of Water
Best Actor : Gary Oldman – Darkest Hour
Best Actress: Frances McDormand – Three Billboards Outside Ebbing, Missouri
Best Director: Guillermo del Toro – The Shape of Water
Best Supporting Actor: Sam Rockwell – Three Billboards Outside Ebbing, Missouri
Best Supporting Actress: Allison Janney – I, Tonya
Best Original Screenplay: Get Out
Best Adapted Screenplay: Call Me By Your Name
Best Animated Film: Coco
Best Documentary Film: Icarus
Best Foreign Language Film: A Fantastic Woman – Chile
Original Song: Remember Me – Coco
China warns Taiwan
China said on Monday that it would never tolerate any separatist schemes for self-ruled Taiwan and would safeguard China’s territorial integrity with the aim of“reunification” with an island it considers its sacred territory.
Premier Li Keqiang issued the warning in a speech at the opening of the annual session of China’s parliament, his stern words coming amid mounting Chinese anger over a US bill that seeks to raise official contacts between Washington and Taipei.
On Friday, China said Taiwan would only get burnt if it sought to rely on foreigners, adding to the warnings from state media about the risk of war.
The US legislation, which only needs President Donald Trump’s signature to become law, says it should be US policy to allow officials at all levels to travel to Taiwan to meet their counterparts, permit high-level Taiwan officials to enter the United States “under respectful conditions” and meet US officials.
In his address to the largely rubber-stamp assembly, Li said China would promote the peaceful growth of relations across the Taiwan Strait and “advance China’s peaceful reunification”.
“We will remain firm in safeguarding China’s sovereignty and territorial integrity and will never tolerate any separatist schemes or activities for Taiwan independence,” Li said, to applause from the 3,000-odd legislators at the Great Hall of the People.
“As fellow Chinese living on both sides of the Taiwan Strait, we share a bond of kinship. As long as we go with the tide of history and work together for our nation’s greater good, we will together create the future — a beautiful future of national rejuvenation.”
Taiwan’s China policy-making Mainland Affairs Council said it could not immediately comment.
Democratic Taiwan has shown no interest in being run by mainland China.
Best actress Oscar goes to ‘Three Billboards’ star Frances McDormand
The OSCARS, 2018: 90 the Academy award Best Actor goes to Gary Oldman for Darkest hour. Best Actress Frances McDonald Guillermo del Toro wins best director award for ‘The Shape of Water.Nolan’s Dunkirk win 3 Oscars.Sam Rockwell and Allison Janney win support.
Frances McDormand goes eclectic on Sunday for her the Oscar for best actress for her role as a rage-filled woman seeking answers over her daughter’s murder in Three Billboards Outside Ebbing, Missouri.
“I’m hyperventilating a little bit. If I fall over pick me up cause I’ve got some things to say,” she said. “I want to thank Martin McDonagh look what you did. We are a bunch of hooligans and anarchists but we do clean up nice.”
McDormand, who won her second Oscar after her performance in Fargo placed her statuette on the stage and dedicated the prize to all female nominees, across categories.
“If I may be so honoured to have all the female nominees stand with me in this room tonight. The film-makers the producers the directors, the writers, the cinematographers, the songwirters, the designers,” she said as many women in the audience got to their feet.
She bested Saoirse Ronan (Lady Bird), Margot Robbie (I, Tonya), Sally Hawkins (The Shape of Water) and Meryl Streep (The Post).
Three Billboards Outside Ebbing, Missouri also won the award for best supporting actor, which went to Sam Rockwell for his acclaimed turn as a racist, violent police officer in the film.
RBI releases Priority Sector Lending
RBI releases Priority Sector Lending-Targets and Classification
This is in reference to the revised priority sector guidelines issued to banks vide FIDD.CO.Plan.BC.54/04.09.01/2014-15 circular dated April 23, 2015 by RBI. It was stipulated therein under Para (II) (i) that the sub-targets for lending to small and marginal farmers and micro enterprises shall be made applicable for foreign banks with 20 branches and above, post 2018 after a review in 2017.
Accordingly, after undertaking a review of the priority sector lending profile of the above banks and to create a level-playing field within banks, it has been decided by RBI that the sub-target of 8 percent of Adjusted Net Bank Credit (ANBC) or Credit Equivalent Amount of Off-Balance Sheet Exposure (CEOBE), whichever is higher, shall become applicable for the foreign banks with 20 branches and above, for lending to the small and marginal farmers from FY 2018-19. Further, the sub-target of 7.50 percent of ANBC or CEOBE, whichever is higher, for bank lending to the Micro Enterprises shall also become applicable for the foreign banks with 20 branches and above from FY 2018-19.
Additionally, in the light of feedback received from various stakeholders and in line with the increasing importance of services sector in our economy, it has been decided by RBI to remove the currently applicable loan limits of Rs 5 crore and Rs 10 crore per borrower to Micro/ Small and Medium Enterprises (Services) respectively, for classification under priority sector. Accordingly, all bank loans to MSMEs, engaged in providing or rendering of services as defined in terms of investment in equipment under MSMED Act, 2006, shall qualify under priority sector without any credit cap.
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