The volatile global currency has caused Indian Rupee trade two years lowest on August 21st. It plunged deep by 29 paise against US Dollar hitting 65.83 a Dollar.
Domestic currency is under a huge pressure created by China Driven economic crisis. Moreover raising tension in between South Korea and North Korea, and weakness in emerging market currencies fueled the fire.
Rupee fall is triggered by domestic factors as well. Investment climate needs an overhaul and earning too needs a boost. Recent offloading in portfolios by foreign investors and global traders also has been a major factor in Rupee devaluation.
Dollar too continued to grade weak against a basket of the six major currencies. The US dollar index, which tracks the greenback against the basket, was 0.38 per cent lower at 95.41. The RBI fixed the reference rate for the dollar at 65.8298 and for the euro at 74.2692.
Dropping against the pound sterling rupee ended at 103.22 and euro finished at 74.24 following the same trend of downfall. The similar fall was recorded for Yen; the Japanese currency traded at 53.64 per 100 yen a new low.
It is the 21st century and India is developing rapidly, however, the pace of development in rural and urban India is varying due to the lack of accessibility and opportunities in rural India. While children in these areas have limited access to quality education leading to unemployment and social exclusion, women are still at the back seat of household decision making and contribution to household income.
To break through the traditional norms and empower women in rural India is an ongoing endeavor. Project Nand Ghar, spearheaded by Vedanta Group, a globally diversified natural resources company, brings a ray of hope to rural India by providing education, nutrition, and healthcare to thousands of rural children and empowering women to gain economic independence through livelihood training workshops.
Nand Ghars are state-of-the-art modern Anganwadis built across rural India with a holistic approach to child welfare and skill development for women. Trade-based skill training workshops carried out at Nand Ghars have impacted women from the remotest part of the country enabling them to earn their own livelihood.
Their recent campaign on International Women’s Day was a celebration of #BalanceForBetter where women shared their stories of discovering pathways to self-reliance with help and support by Nand Ghar.
“The outside world was a far off reality for me from inside the boundary of our house. Nand Ghar helped open up the horizons and today, I am earning a livelihood and have found a purpose in Life,” says Dharma Maurya from Varanasi.
Thousands of women like Dharma Maurya have in them the urge to do something but do not have a platform, to begin with. Nand Ghar is giving them a purpose in life and wings to their dreams. Click on the link below to explore their stories.
Anil Agarwal, Founder, and Chairman, Vedanta Group, believes that a nation can only progress if we invest in the future of children and women. Vedanta in collaboration with the Ministry of Women and Child Development aims at constructing 4000 Nand Ghars across 11 states in India with the potential of impacting lives of 8.5 Cr children and 2 Cr women in rural India.
In a milestone achievement, Vedanta recently announced the inauguration of its’ 500th Nand Ghar at Chaksu Block in Jaipur. Today, 502 operational Nand Ghars across Rajasthan, Uttar Pradesh, and Madhya Pradesh are changing the lives of 17,000 children through pre-school learning imparted through advanced teaching with more than 11,000 of them being served nutritious meals every day. More than 8,000 women have obtained trade based skill training at Nand Ghar.
With more than 70% of the population living in rural India, the need for early childhood education and women empowerment cannot be undermined. The Logical Indian appreciates the efforts of Vedanta which is tirelessly working towards transforming the women and child development landscape in India.