Dwaraknath Deshmukh was an Indian Civil servant who went on to become the first Indian national to govern the RBI, he was also the third governor of RBI from the time of its institution. The RBI as we know was established by the British and governed by two Britishers before the baton was passed to an Indian. Even when Dwaraknath Deshmukh took over the reigns at the Reserve Bank of India, India was yet to attain independence.
Mr. Deshmukh overlooked some of the crucial phases of RBI’s history that included
1. Overlooking the division of assets between India and Pakistan after partition
2. Nationalizing of RBI from being a shareholder institution.
Mr. Deshmukh was the representative for India at the Breton Woods Conference which resulted in the formation of International Monetary Fund besides becoming a board of director in the IMF.
His financial acumen earned the respect of Nehru, who was quick to induct him as the finance minister of post independent India. He would go on to become the founding member of National Council Of Applied Economic Research (NCAER). He had eventually resigned from the post in protest of linguistic re-organisation of states, a re-organization that would make Bombay the capital of a larger region that included non-Marathi population. Deshmukh went on to play leading roles in UGC, Delhi University and also came third in the presidential elections when contested.
The Logical Indian thanks Deshmukh for his pioneering contributions to India’s economy and finance.
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.