In Focus

Sunit Vakharia

Chief Technology Officer
U GRO Capital

The critical goals of implementing technology are innovation, secure operations, and ease of business.

There is an adage that every adversity brings a unique opportunity. The COVID-19 pandemic has demonstrated that there is a degree
of truth to it.

There is no doubt that the implication of COVID-19 has put tremendous stress on organizational budgets, focus areas, and operating policies. However, as the scale of this unparalleled event unfolds, many organizations are also developing new business models and strengthening their virtual capabilities to create fresh revenue streams.

In a recent interaction with Better World, Sunit Vakharia, Chief Technology Officer, U GRO Capital, shared insights around the current mindset of technology leaders and the importance of technology-led solutions to navigate the current crisis. (U GRO Capital is a highly specialized, technology-driven lending organization that focuses on providing customized, sustainable solutions to small and medium businesses.)

Excerpts from the interview:

Better World: How has COVID-19 impacted your business? How have you leveraged technology to achieve business resiliency?

Sunit Vakharia: While the unpredicted COVID-19 epidemic has threatened our sense of normalcy, it has also pushed people to innovate and reimagine the conventional business models.

At U GRO Capital, we’ve utilized the current situation as an opportunity to scale our business digitally. U GRO Capital provides loans to small and medium-sized companies. We extensively focus on technology and analytics as enablers to onboard our customers and disburse money as and when required by them.

Technology has played a pivotal role in expanding our operations and customer base during the COVID-19. Even before the spread of the pandemic, we were equipped to deal with a fully remote working situation. We’ve been using remote collaboration tools such as Skype for Business, and Microsoft Teams, among others, since the commencement of our operations in 2018. All U GRO employees can work from anywhere, and there is no location constraint for anyone, helping them stay connected and manage client expectations. Similar engagements have been done with our vendor partners. All our technology developments and meetings with partners happen in an agile way over online platforms, and I am happy to share that significant efficiency has been observed in this new operating world.

We continue to build and deploy digital platforms. All aspects of sourcing new customers, servicing, and collecting documents are being done digitally. This has been the basis of our philosophy. We rolled out the digital KYC verification and digital document collection process during the days of the pandemic-induced national lockdown when our executives could not visit customers. These digital processes are clear differentiators for us.

Through our platform, we ensured that the entire communication and verification process runs through our video solutions. From the photograph of the factories to geo locations, customer coordinates, survey inputs, and the related verification, all procedures can be completed through this platform. This solution has helped us onboard our customers digitally and curtailed our visits to customer premises. We use statistical predictive models to assist, understand, and underwrite our customers better. Through AI-driven models, we assess our customers’ business requirements and offer the best product for their long-term growth. We have incorporated machine learning and analytics capabilities in our assessment solutions to drive exceptional customer experience.

Nevertheless, there are a few requirements that cannot be completed digitally, for instance, submission of post-dated cheques or specific covenant necessities. Still, I am sure, over time, we will devise solutions for that as well.

Better World: How have IT spending priorities changed due to COVID-19?

Sunit Vakharia: U GRO Capital’s management provides tremendous support and encouragement to foster innovation and to build scalable yet secure platforms. COVID-19 has pushed enterprises to leverage tech and to find new ways to empower their stakeholders. They are focusing on more unique capabilities to facilitate remote working.

In the current scenario, technology leaders will continue to evaluate infrastructure, applications, and security for supporting their employees, partners, and customers. Many technology spending priorities are being rationalized from the perspective of the new normal. Focus on digital transformation has been amplified, and enterprises are swiftly turning to automation and analytics to make smarter decisions. At U GRO, our focus will continue to be on innovation, and we are working towards developing new business lines and automating end-to-end supply chain processes. We are also planning to introduce a unique secured loan product very shortly. We’re building platforms in such a way that makes sure our core platforms remain constant while our ecosystem gets evolved incessantly.

Sunit Vakharia

Chief Technology Officer at U GRO Capital

Sunit is a senior strategic executive with over 19 years of rich experience in technology implementation. He has an exceptional understanding of the financial ecosystem, analytics, and data-based insights.

Sunit is a constant learner and has essayed various roles on the strategic IT leadership and execution fronts, notably in solving business problems through technology delivery, program management, business transformation, and client relationship management.

Before U GRO Capital, he had worked for global multinationals such as HSBC, Merill Lynch, SAS, Accenture, and ICICI Bank.

Top skills

  • Strategic Leadership
  • People Management
  • Process Improvement

Honors/Awards

  • Most Valuable Business Partner
  • HSBC Technology Winner
  • HSBC Technology Runner Up

Education

  • Strategic Thinking and Leadership, University of Pennsylvania – The Wharton School Leadership Management Training
  • Bachelor of Engineering, Instrumentation, University of Mumbai

We use multiple digital channels to facilitate customer interaction, and this will continue to be a focus area for us.

Better World: Where are you on your cloud journey? In case of multiple clouds, does orchestration pose a challenge?

Sunit Vakharia: We are a cloud-native architected organization. We have zero presence on physical infrastructure, an approach that will remain applicable in future. We do not feel the need to build a private cloud for our business. We operate on a self-service model, and hence do not need any physical infrastructure. The SaaS model works best for us. However, we may explore the possibility of using a hyper cloud approach for some of the use cases. This is largely because, at times, a specific cloud becomes expensive for certain use cases.

At this moment, we do not need to orchestrate multiple clouds, as we are using a single public cloud provider. In the near future, if a need arises, plenty of orchestration tools are available in the market.

Better World: As a technology leader, how critical is it to balance the short-term revenue requirements against long-term technology implementations?

Sunit Vakharia: There is a strong understanding of what needs to be prioritized. The current COVID-19 situation is undoubtedly complicated. It requires leaders of all departments, and not just technology, to make a thorough evaluation of all investment decisions because ultimately, you’ve to run business.

The critical goals of implementing any new technology are innovation, secure operations, and ease of business. Their importance can vary for different organizations, depending on their nature and scale of business. Many young enterprises make the mistake of implementing a technology solution because someone else is doing that, which is wrong and misleading. All technology implementation decisions should be finalized after getting answers to these questions: Is it making sense for my organization? Will it help my customers and the business we operate? Will it help in driving our future aspirations and the business goals we intend to achieve in the next quarter?

For instance, at U GRO Capital, we did not make investments in Blockchain technologies, which is exciting, yet some time away from the overall ecosystem maturity. So, we will not look at such pieces now and can explore them at a later stage when it makes real-life business sense for us. But what we want to do is to enable our customers and the sales team to work efficiently, keeping in mind the social distancing measures; and limit the physical visit and interaction during the collection of documents or at the time of money disbursement.

U GRO Capital’s customers are small enterprises, and we do understand that they need handholding. So we need to implement solutions that are relevant and more comfortable for our customers to understand and use.

Better World: You mention security as a key focus area for enterprises. Can you share some of the initiatives taken by U GRO Capital to enhance your information security architecture?

Sunit Vakharia: We’ve invested in the Endpoint Detection and Response (EDR) platform. It is a cloud-based endpoint protection platform, which is designed to overcome the confines of legacy security solutions. The platform protects entire traffic from malware attacks, ransomware attacks, and other potential threats coming through either the web or emails, as those are already predicted. We are also implementing industry-leading Enterprise Threat Protector DNS for controlling what can be accessed on our networks. Besides, a Data Loss Prevention (DLP) solution from Microsoft has been deployed. That means all the emails that typically come to us are getting monitored, thus ensuring that our teams do not get spam emails.  It also helps us detect and block sensitive data transmission.

We are also working to implement a privileged/password access management (PAM) solution, which means anyone who wants to access our infrastructure, our database, or the applications need to request access. The request will come for approval to our information security team, which will review it and open up the entrance to the network border. PAM solutions ensure that there is no illegal access through the internet. Through PAM, all network access, control, monitor, and infrastructure can be audited. This enables us to see the tasks or actions done by a specific individual.

Information security is a continually evolving area, and we will continue to invest in solutions to strengthen our IT security defense on an ongoing basis.

MORE FROM BETTER WORLD

EU’s new circular economy action plan

EU’s new circular economy action plan

Aiming to create a greener economy, the European Union has decided to reduce the consumption footprint in the region and double its circular material use rate in the coming decade. The initiative is part of the Circular Economy Action Plan adopted by the European Commission (EC) early last week.

Calling it Europe’s new agenda for sustainable growth, the action plan envisages steps for increasing the average life cycle of products, strengthening competitiveness while protecting the environment, and enacting new consumer rights.

Under the new initiative, the Commission aims to propose a legislation on Sustainable Product Policy to ensure that products sold in the EU market are designed to last longer, are easier to reuse, repair and recycle, and incorporate as much as possible recycled material instead of primary raw material.

The new legislation will also impose restrictions on single-use products and help tackle premature obsolescence by banning destruction of unsold durable goods.

Commenting on the initiative European Green Deal Executive Vice-President Frans Timmermans pointed out that the European economy at present was mostly linear, with only 12% of secondary materials and resources being brought back into the economy.

“To achieve climate-neutrality by 2050, to preserve our natural environment, and to strengthen our economic competitiveness, requires a fully circular economy. Today, many products break down too easily, cannot be reused, repaired or recycled, or are made for single use only. There is a huge potential to be exploited both for businesses and consumers. With the new plan we launch action to transform the way products are made and empower consumers to make sustainable choices for their own benefit and that of the environment,” he stated.

The Action Plan, which is part of EU’s Industrial Strategy, also aims to ensure that consumers have access to reliable information on issues such as the reparability and durability of products to help them make environmentally sustainable choices and provide them benefit of a true “Right to Repair.”

According to the FAQ shared on the EC website, the new Action Plan announces initiatives from design and manufacturing to consumption, repair, reuse, recycling, and bringing resources back into the economy, and is at the core of the European Green Deal, the EU roadmap towards climate-neutrality.

Commissioner for the Environment, Oceans and Fisheries Virginijus Sinkevičius said: “We only have one Planet Earth, and yet by 2050 we will be consuming as if we had three. The new Plan will make circularity the mainstream in our lives and speed up the green transition of our economy. We offer decisive action to change the top of the sustainability chain – product design. Future-oriented actions will create business and job opportunities, give new rights to European consumers, harness innovation and digitalization and, just like nature, make sure that nothing is wasted.”

“Half of total greenhouse gas emissions come from resource extraction and processing. It is not possible to achieve the climate-neutrality target by 2050 without transitioning to a fully circular economy,” the Commission stated, adding that by applying ambitious circular economy measures, Europe can increase EU’s GDP by an additional 0.5% by 2030 and create over 700,000 new jobs.

Krishi Vigyan Mela 2020 starts in Pusa

Krishi Vigyan Mela 2020 starts in Pusa

Inaugurating the Pusa Krishi Vigyan Mela-2020, the Union Minister for Agriculture & Farmers’ Welfare, Rural Development & Panchayati Raj, Narendra Singh Tomar has called for retention of talent in Agriculture. He said India has a vast pool of agricultural scientists and specialists graduating from universities every year. “Government can provide funds, subsidies and incentives, but there has to be an interest in farming. For this agriculture has to be made a profitable venture; it should fulfil the nation’s needs, its share in GDP and exports should rise,” he added.

“Your purpose in career does not end with securing a cushy job or just remain engaged in education and research, but you should be a successful farmer in your area. Even those agriculturists retiring every year should remain involved in farming and inspire others. The farmer should remain alive in you. You may engage in farming in your kitchen garden in your spare time. It will keep you connected with agriculture as a profession,” said Tomar.

Tomar said Prime Minister Narendra Modi has given priority to agriculture and set a target of doubling farmers’ income by 2022. In this direction, the Government has ensured one-and-a-half times MSP of input costs to farmers, assured Rs 6,000 annually to farmers covered under the PM-KISAN scheme and a loan of Rs 1,60,000 under Kisan Credit Card. The Prime Minister has ensured transparency in disbursal of benefits to farmers and now there is no role for middlemen and brokers. Besides, there will be no shortage of funds and budgetary support for agriculture, he said.

Tomar said the Prime Minister yesterday launched the registration of 10,000 new Farmer Producer Organizations (FPOs) in order to promote cooperative farming. Budgetary provision of Rs. 6,600 crore has been made to provide each FPO a sum of Rs. 15 lakh for all farming related activities ranging from sowing, harvesting to distribution and marketing. For this purpose a Credit Guarantee Fund of Rs.1,500 crore has been created jointly by NABARD and NCDC.

Tomar said geographic divisions and climate change pose a challenge to our agriculture community. He said the Ministry is in the process of organizing a big conference in each of the eight zones. The Minister said field exhibitions on the patterns of Pusa Krishi Vigyan Mela should also be organized simultaneously. The Prime Minister has directed that a study on Pesticides be included as part of Agriculture curriculum.

Speaking on the occasion, the Minister of State for Agriculture & Farmers’ Welfare, Parshottam Rupala called for organizing such Farmers’ Fairs in every state. He urged the Agriculture Institutes and scientists to ensure that superior seeds are provided to farmers at reasonable rates.

Pointing out that the Government and the Agriculture Institutes are committed to promoting Agriculture, MoS (Agriculture & Farmers’ Welfare) Kailash Choudhary hoped a day will come when the farmer is no longer a borrower but becomes creditor.

In his address, Dr. Trilochan Mohapatra, Secretary, Department of Agricultural Research and Education (DARE) & Director General, ICAR, said a large number of farmers participate in the Kisan Vigyan Mela and buy the superior quality seeds developed by the ICAR institutes.

On the occasion, Tomar and other dignitaries released ICAR publications.

At a separate function, an MoU was signed between the ICAR and Patanjali Bio Research Institute (PBRI), Haridwar in the presence of the three Ministers. The MoU was signed by Dr. Trilochan Mohapatra on behalf of ICAR and Acharya Balkrishna, Chief Executive Officer (CEO), Patanjali & Managing Director, PBRI. Speaking on the occasion, Tomar said the MoU will promote Organic Farming with the R&D expertise of ICAR and the indigenization efforts of Patanjali in a wide range of products.

Source: PIB, APS/PK

Swachh Bharat Grameen 2 gets Cabinet nod

Swachh Bharat Grameen 2 gets Cabinet nod

The Union Cabinet, chaired by the Prime Minister, Narendra Modi has approved the Phase II of the Swachh Bharat Mission (Grameen) till 2024-25, which will focus on Open Defecation Free Plus (ODF Plus), which includes ODF sustainability and Solid and Liquid Waste Management (SLWM).

The program will also work towards ensuring that no one is left behind and everyone uses a toilet. SBM(G) Phase-II will also be implemented in a mission mode with a total estimated budgeted financial implication of Rs 52,497 crore for the period from 2020-21 to 2024-25 including the Central and State shares. In addition to this, the 15th Finance Commission has proposed earmarking Rs 30,375 crores for rural water supply and sanitation to be implemented by rural local bodies for the upcoming financial year. The ODF Plus program will also converge with MGNREGA, specially for grey water management and will also complement the newly launched Jal Jeevan Mission.

Under the program, provision for incentive of Rs 12,000 for construction of Individual Household Toilet (IHHL) to the newly emerging eligible households as per the existing norms will continue. Funding norms for Solid and Liquid Waste Management (SLWM) have been rationalized and changed to per capita basis in place of no. of households. Additionally, financial assistance to the Gram Panchayats (GPs) for construction of Community Managed Sanitary Complex (CMSC) at village level has been increased from Rs 2 lakh to Rs 3 lakh per CMSC.

The program will be implemented by the States/UTs as per the operational guidelines which will be issued to the States shortly. The fund sharing pattern between Centre and States will be 90:10 for North-Eastern States and Himalayan States and UT of J&K; 60:40 for other States; and 100:0 for other Union Territories, for all the components.

The SLWM component of ODF Plus will be monitored on the basis of output-outcome indicators for four key areas: plastic waste management, bio-degradable solid waste management (including animal waste management), greywater management and fecal sludge management.

The SBM-G Phase II will continue to generate employment and provide impetus to the rural economy through construction of household toilets and community toilets, as well as infrastructure for SLWM such as compost pits, soak pits, waste stabilization ponds, material recovery facilities etc.

The rural sanitation coverage in the country at the time of launch of SBM(G) on 02.10.2014 was reported as 38.7%. More than 10 crore individual toilets have been constructed since the launch of the mission; as a result, rural areas in all the States have declared themselves ODF as on 2 October, 2019. The Department of Drinking Water and Sanitation (DDWS) has, however, advised all the States to reconfirm that there are no rural households that still don’t have access to a toilet, and provide the necessary support to any such identified households to build individual household toilets in order to ensure that no one is left behind under the program.

India, Norway go deep on blue economy tie-up

India, Norway go deep on blue economy tie-up

India’s Minister for Earth Sciences, Dr. Harsh Vardhan, and Norway’s Minister for Climate and Environment, Sveinung Rotevatn, opened the India-Norway Task Force on Blue Economy for Sustainable Development today. The two countries also commenced a new collaboration on Integrated Ocean Management & Research.

As a part of the Joint Initiatives, several projects on combating Marine Litter are already being implemented. The two Governments have signed a Letter of Intent confirming that they will develop a new framework for collaboration on Integrated Ocean Management and Research. The letter of intent was signed in the presence of Ratan P. Watal, Member Secretary, EAC to PM; Hans Jacob Frydenlund, the Norwegian Ambassador to India; Nina Rør, Deputy Director General, Ministry of Climate and Environment, Norway; M. Rajeevan, Secretary, Ministry of Earth Sciences, Govt. of Indiaand Dr. Sumita Misra, Senior Adviser, EAC to PM.

“Managing the resources in the oceans in a sustainable manner is a matter of mutual interest and concern for both countries. The fact that Norway and India are commencing a new initiative is a signal that the cooperation between the two countries is growing even stronger, making the Indo-Norwegian Ocean Cooperation a key pillar in the bilateral relationship,” said Dr. Harsh Vardhan at the signing ceremony.

In addition, Minister Rotevatn highlighted that “the Norway-India cooperation in the field of oceans is based on our shared interest in the blue economy and the sustainable use of marine resources, as well as a desire to advance scientific knowledge about our oceans. Norway and India are engaging on ways to ensure integrated ocean management at the government level. At the same time, Norwegian companies and private institutions are increasingly seeking opportunities with Indian counterparts, making India an even more significant partner for Norway.”

The India-Norway Task Force on Blue Economy for Sustainable Development was launched jointly by the Indian Prime Minister Narendra Modi, and the Norwegian Prime Minister Erna Solberg, during her visit to India in January 2019. The purpose of the task force is to develop and follow up joint initiatives between the two countries. The meeting on February 18th 2020 is the third meeting of the Task Force.

The strength and value added of the India-Norway Joint Task Force on Blue Economy is its ability to mobilize relevant stakeholders from both Norway and India at the highest level, and ensure continued commitment and progress across ministries and agencies.

India, Norway join hands to cut marine plastic litter

India, Norway join hands to cut marine plastic litter

India has marked the beginning of super year of Biodiversity with the hosting of the 13th Conference of Parties (COP) of the Convention on the Conservation of Migratory Species of Wild Animals (CMS), an environmental treaty under the aegis of United Nations Environment Programme, from 17 to 22 February 2020 at Gandhinagar in Gujarat.

Union Environment Minister Prakash Javadekar has said that the year 2020 is a super year of Environment and will set the tone and tenor for the decade ahead. Highlighting the urgent nature of global environment issues including marine plastic litter, plastic pollution and microplastics, the Union minister said the issues cannot be solved by any one country alone.

On the side-lines of the COP, the Union Minister met a delegation led by Norwegian Minister of Climate and Environment, Sveinung Rotevan. India and Norway have agreed to jointly tackle concerns related to oceans, environment and climate matters.

The Opening Ceremony and Plenary session of the COP takes place on 17 February followed by Side Events and Working Group meetings till the Closing Ceremony on 22 February. Prime Minister Narendra Modi will inaugurate the COP 13 via video conferencing. Numerous national and international organizations will showcase best practices in wildlife conservation during the course of the conference.

As the host, India shall be designated as the Presidency during the intersessional period following the meeting. The COP Presidency is tasked to provide political leadership and facilitate positive outcomes that further advance the objectives of the Convention, including steering efforts towards implementing the Resolutions and Decisions adopted by the Conference of Parties.

Migratory species of wild animals move from one habitat to another during different times of the year, due to various factors such as food, sunlight, temperature, climate, etc. The movement between habitats, can sometimes exceed thousands of kilometers/miles for some migratory birds and mammals. A migratory route will typically have nesting sites, breeding sites, availability of preferred food and requires the availability of suitable habitat before and after each migration.

India is home to several migratory species of wildlife including snow leopard, Amur falcons, bar headed Geese, black necked cranes, marine turtles, dugongs, humpbacked whales, etc.

The text of the Joint statement is as follows:
Meeting at the beginning of the ‘2020 Super Year’ for the environment, the Ministers stressed that they will do their share to ensure that the 2020s will be a decade of rapid action on climate and environment.

The two sides expressed interest to continue and strengthen the mutually beneficial cooperation on environment and climate between the two countries, including on ocean affairs.
Actions that target climate change and air pollution at the same time pose a win-win situation. The two sides recognized that such actions should be stepped up, and agreed to work together to raise this agenda.
The Ministers recognized that the Kigali Amendment to the Montreal Protocol for phasing down use of Hydrofluorocarbons (HFCs) could prevent up to 0.40C of warming by end of the century, Further, noting that universal ratification of Kigali Amendment to the Montreal Protocol shall allow realization of its full potential.

The Ministers noted the results of the projects supported by Norway on issues / aspects related with phase down of HFCs. It was agreed to continue such projects for facilitating a smooth transition towards energy efficient solutions and technologies while phasing down HFCs.

If managed properly, the ocean holds the key to meeting many of the Sustainable Development Goals. Integrated ocean management is central to achieving a sustainable blue economy. In 2019 Prime Minister Modi and Prime Minister Solberg welcomed the signing of the MoU on India-Norway Ocean Dialogue and the establishment of the Joint Task Force on Blue Economy for Sustainable Development. The two Ministers were pleased with the progress that has been made under this MoU, including the establishment of the Marine Pollution Initiative. They were particularly satisfied that Norway and India will sign a Letter of Intent on integrated ocean management including sustainable Blue Economy initiatives.

The Ministers also noted the importance of delivering concrete, scalable solutions for ocean health and wealth at the UN Ocean Conference in Lisbon on June 2020.

The Ministers further noted the importance of sustainable management of chemicals and waste and welcomed the cooperation between India and Norway on the implementation of the Stockholm Convention on Persistent Organic Pollutants and on the minimization of discharge of marine litter.

The Ministers emphasized a shared understanding of the global and urgent nature of marine plastic litter and microplastics and underlined that this issue cannot be solved by any one country alone. They are committed to supporting global action to address plastic pollution and exploring the feasibility of establishing a new global agreement on plastic pollution.

The Ministers agreed to support and work together with other political leaders to prompt a global and effective response to curb the direct and indirect drivers of biodiversity loss. They agreed to work together to deliver an ambitious, strong, practical and effective global biodiversity framework at COP15 of CBD to be held in Kunming, China, in 2020.

The Ministers further discussed the conservation of migratory species of wild animals. The Ministers recognized the importance of integrating ecological connectivity into the post-2020 global biodiversity framework.

The Ministers stressed that international supply chains and finance must de-invest from deforestation and destruction of nature and invest in companies and projects that improve smallholder livelihoods while promoting sustainable production and consumption. They agreed to continue the discussion on forests and deforestation free supply chains.

The Ministers stressed that the fifth United Nations Environment Assembly of the United Nations Environment Programme offers a good opportunity to call for greater international action on several environmental issues, in particular strengthening action for nature to achieve the Sustainable Development Goals.

Minister Rotevatn thanked Minister Javadekar for the great hospitality extended to him and his delegation during the visit. He invited Minister Javadekar to visit Norway and the Arctic, to further strengthen the collaboration between India and Norway on climate and environment.

Updated (17 Feb 2020, 10:47 pm): 

India assumes presidency of UN body on Migratory Species for 3 years

The Thirteenth Conference of the Parties to the Convention on Migratory Species kicked off in Gandhinagar today in the presence of senior government officials, environment advocates, activists, researchers and biodiversity leaders from as many as 130 countries.

Inaugurating the key UN Summit via video conferencing Prime Minister Narendra Modi said that the CMS COP13 is of particular significance to India, which is known for its rich biodiversity and is one of the seven megadiverse countries in the world.

“India has four biodiversity hotspots – Eastern Himalayas, Western Ghats, Indo Myanmar landscape and Andaman and Nicobar Islands and home to as many as 500 species of migratory birds from across the globe”, said the Prime Minister.

The Prime Minister stressed that his government is committed to championing sustainable lifestyle, conservation and a green development model. He further added that in India’s role as the COP President in the next three years, it will look at conserving the Central Asian Flyway. To achieve this, India has prepared a National Action Plan. He further added that India is keen to facilitate action plans of other countries in this regard and aims at taking conservation to a new paradigm with active cooperation from all.

As President, India shall also look at strengthening cooperation with ASEAN countries for Indo-Pacific activities and conservation of marine biodiversity. He also added that India has launched the Marine Turtle Policy and Marine Standing Policy to address pollution caused by micro-plastics in the marine ecosystem. Other areas that will be under focus include transboundary cooperation, establishment of eco-development committees etc.

The Conference kicks off ‘“Super Year for Environment”, which will include a UN Summit in September and culminate in the UN Biodiversity Conference at the end of 2020, when a new global biodiversity strategy for the next decade will be adopted – the Post-2020 Global Biodiversity Framework.

India today assumed COP Presidency for the next three years with a focus on Collaborative Approach to tackle Biodiversity Issues. Assuming the presidency the Union Minister Prakash Javadekar said that CMS is very important to India and is at an exciting moment of development and the COP in India will mark the start of focused attention to migratory species and their habitats.

Economic Survey lauds India’s SDG progress

Economic Survey lauds India’s SDG progress

Emphasizing the idea that wealth creation should do no harm, the Economic Survey 2019-20 tabled in Parliament today by the Union Minister for Finance & Corporate Affairs Nirmala Sitharaman, highlighted several ideas on the themes of Sustainable Development and Climate Change. The survey affirmed that the Sustainable Development Goals (SDGs) constitute a befitting framework to answer the developmental challenges to achieve a sustainable future, free from social, economic, and environmental inequalities and thereby ensuring a greener and healthy planet for future generations.

Sustainable Development Goals
As per the Survey, India is striving to combine the element of ‘sustainability’ to its economic development through well designed initiatives for inclusive development enshrined in its policies like electrification of rural households, augmenting usage of renewable sources, eliminating malnutrition, eradicating poverty, increasing access to primary education to all girls, providing sanitation and housing for all, equipping young people with skills to compete in the global labor market, enabling access to finance and financial services.

India and the SDGs
The Survey underscored the fact that India has achieved considerable progress in the field of SDGs as measured by the SDG India Index 2019. As per the SDG Index, Kerala, Himachal Pradesh, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Goa, Sikkim, Chandigarh and Puducherry are the front runners. It is noteworthy that none of the States/UTs fall in the Aspirant category in 2019. Overall, it is encouraging to note that the composite score for India in the index has improved from 57 in 2018 to 60 in 2019, indicating the impressive progress made by the country in its journey towards achieving the SDGs.

SDG Nexus: A New Paradigm Approach
The Survey further highlighted that there are linkages among various SDGs and these have strong impacts on reinforcement of policies. This necessitates a ‘nexus’ approach which in turn employs the principles of integrating management and governance across sectors and scales. As per the Survey this envisages looking at systems instead of individual components or short-term outcomes; looking at the inter-related feedbacks from other sectors; and promoting cooperation among sectors while reducing competition for scarce resources.

An example of such a nexus would be the Education and Electricity nexus wherein it has been observed that basic infrastructure like electricity, separate toilets for girls and boys in schools create a healthy and positive environment at schools. Another such nexus would be between Health and Energy, wherein the success of many of the health improvement schemes relies heavily on the availability of electricity at the health centers, the Survey states.

India and its Forests
The Economic survey underlined that as a responsible nation, with the introduction of various schemes, India has been continuously moving towards economic growth, keeping in mind the imperatives of sustainable development. It further highlighted the fact that India is among a few countries in the world where, despite ongoing developmental efforts, forest and tree cover are increasing considerably. The forest and tree cover have reached 80.73 million hectare which is 24.56 per cent of the geographical area of the country. The Survey further highlighted that the States/UTs showing gain in forest cover are Karnataka (1,025 sq. km), Andhra Pradesh (990 sq. km) and Jammu & Kashmir (371 sq. km) whereas those showing loss in forest cover include Manipur, Meghalaya, Arunachal Pradesh and Mizoram. In the Forest Report 2019, the total carbon stock in forest is estimated as 7,124.6 million tons, showing an increase of 42.6 million tons as compared to the last assessment in 2017.

Agricultural Residue Burning – A Major Concern
The Survey recognizes the fact that open burning of crop residues in the agricultural fields has become a major environmental concern. India, being the second largest agro-based economy with year-round crop cultivation, generates a large amount of agricultural waste, including crop residues. Varieties of surplus crop residues are burnt especially in northern States of Punjab, Haryana, UP and Rajasthan. The Survey said that about 178 million tonnes of surplus crop residues are available in the country, burning of which leads to rise in pollutant levels and deterioration of air quality.

The Survey emphasizes that agricultural residue burning contributes significantly in PM2.5 concentrations. The effect of stagnant atmospheric condition over Delhi during the harvest season of Kharif crop further aggravates the deterioration of the ambient air quality over the region.

The Survey suggests various methods to address this issue which include promoting the practice of conservation of agriculture with low lignocellulosic crop residues like rice, wheat, maize, etc., role of agricultural machineries in helping farmers sow the seeds for the next season, creating a market for crop residue-based briquettes & mandating nearby thermal plants to undertake co-firing of crop-residues with coal, special credit lines for financing farm equipment and pollution control as a parameter for deciding incentives to States/UTs.\

The Survey further highlights the Central Sector Scheme on ‘Promotion of Agricultural Mechanization for In-Situ Management of Crop Residue in the States of Punjab, Haryana, Uttar Pradesh and NCT of Delhi’. Under this scheme, agricultural machines and equipment for in-situ crop residue management such as Super Straw Management System for Combine Harvesters, Happy Seeders, Paddy Straw Chopper, Mulcheretc are provided with 50% subsidy to the individual farmers and 80 % subsidy for establishment of Custom Hiring Centres.

Way Forward
The Economic Survey states that increased focus on sustainability requires various actions towards building individual and institutional capacity, accelerating knowledge and enhancing technology transfer and deployment, enabling financial mechanisms, implementing early warning systems, undertaking risk management and addressing gaps in implementation, up scaling and working with a spirit of cooperative federalism between States and Central Government. The Survey finally exhorts the developed countries to honor their financial obligations and promises under the multilateral environmental agreements.

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