2 March

The wind of change for Street Children  

 

*Dia Mirza

 

 

The little children in street situations now have a reason to rejoice. Commonly called ‘Street Children’, more than 20 lakh Indian children live without access to safe care, nutrition, health and education. To me, they are like the little flowers by the roads who survive despite our collective indifference.

 

Recently, I was invited to Delhi to become a part of a partnership between the government, NGOs and citizens that will change the lives of children who are forced to live on the street. For the very first time, India now has a Standard Operating Procedure (SOP) for Care and Protection of children in street situations. The purpose of the SOP is to identify processes that should be set in motion once a child on the street has been identified as a child in need. These processes would be within the existing framework of rules and policies and would create a convergence of the various agencies. This is a set of guidelines that define the roles and responsibilities of for all the stakeholders for care, protection and rehabilitation of these children in a manner so simple that even a child can understand it.

 

Coming back to the SOP, for the first time, they tell us, you and me, and the different government agencies how to help street children. Children in street situations are a remarkable example of the visible who are invisible as they are in front of us all the time- none of us pass a day without coming across a child on the street. They face constant physical, mental and sexual abuse, many of them survive on discarded food and hardly have enough clothes to cover their bodies. And it is also true that many of us, cannot even look them in the eye because of guilt, and sadness. They often don’t even have a proof of their identity and when a calamity strikes and if we lose them, then depressingly, they are not even a statistic. 

 

All this is set to change when the SOP will be implemented in letter and spirit by both the government agencies and we the people. The SOP calls for issuing of Aadhar cards, health insurance and bank accounts. It seeks to end the culture of working in various silos in the government and most of all, seeks to empower us as citizens to speak out and stand up for the rights of children on the street.

Launching the SOP along with the Minister of Women and Child Development Smt Maneka Sanjay Gandhi, Ms Stuti Kacker, who is Chairperson of the National Commission for Protection of Child Rights, and my friends from Save the Children was a big celebration for me.

 

In my capacity as an artist and communicator I have been striving to create awareness about issues close to my heart, and children are most special to me. When I see them smile, play, dance despite so much adversity I am humbled, filled with gratitude, it reminds me what it means to be a human being. It also breaks my heart to see lakhs of them suffering, living in abusive and risky environments, but at the same time I am overwhelmed by their resilience.

 

In fact, as I realised on my trip to Delhi yet again, sometimes children do understand better and learn faster than us. While on a visit to a government school bursting with energetic children, many of who live in street situations, I was taught how to wash my hands even better than my parents did! This effort to ensure good hygiene practices is part of a drive by Save the Children to make schools safe places where children also learn essential life skills. To try and return the gesture of those lovely children I thought of teaching them the ‘jungle clap’, the importance of which they grasped sooner than many adults in my experience.

 

I have resolved to keep working for our children and I am pleased to say that our Minister Smt Maneka Gandhi is the right person to ensure that this SOP is implemented across the country. We as citizens have a responsibility to help the government in this effort by spreading word about the issues of children in street situations. We need to ensure dignity, access to health and education for these children and it is possible by creating awareness, and engaging with issues. Change will follow. I hope you will join me in true earnest in celebrating this great beginning towards improving the lives of ‘Street Children’.

 

 

 

*****

3  March

The Fastest Growing Major Global Economy in the World 

 

India remains one of the fastest growing emerging market economies driven by key structural reforms, normal monsoon and reduced external vulnerabilities. The Q3 GDP estimates of 7 percent growth indicate that the key domestic risk of demonetization has not undermined the growth momentum and growth prospects for 2017-18 remain bright. The article seeks to examine the key reform measures undertaken by Government of India to maintain the growth momentum.

 

 

 

*V.Srinivas

 

            On February 28, 2017, India’s quarterly estimates of Gross Domestic Product (GDP) growth rate have projected the Q3 GDP estimates at 7 percent.  India remains one of the fastest growing emerging market economies driven by key structural reforms, normal monsoon and reduced external vulnerabilities. Inflation has declined from 6 percent in July 2016 to 3.4 percent in December 2016. The Government has continued to adopt the path of fiscal consolidation and the Reserve Bank of India has maintained an accommodative monetary stance. The current account deficit remains manageable and international reserves standing at US$360 Billion are at their highest levels. External vulnerabilities remain subdued. It also appears that the post-November 8, 2016 decision to withdraw the legal tender character of all Rs. 500 and Rs. 1000 notes and the re-monetization initiative has not undermined the growth momentum.

            The macroeconomic scenario looks quite bright with the Union Budget adopting a fiscal consolidation path having achieved the fiscal deficit target of 3.5 percent of GDP in 2016-17 budget. Fiscal deficit is projected to further decrease to 3.2 percent of GDP in 2017-18. The revenue deficit is envisaged to reduce from 2.1 percent of GDP in 2016-17 to 1.9 percent of GDP in 2017-18.  Continued progress in reforms provides a healthy environment for a marked improvement in medium-term prospects.

            The Union Budget 2017 has identified the external uncertainties around commodity prices, especially crude oil, and signs of retreat from globalization of goods, services and people as pressures for protectionism as future challenges. Further the Union Budget noted that the US Federal Reserve’s intent to increase policy rates in 2017 could lead to lower capital inflows and higher outflows in emerging market economies. That said, the economic risks are titled on the downside. With the key domestic risk of currency exchange initiative being successfully negotiated, the prospects for significantly stronger growth in coming months have brightened.

            The transformational reforms launched by Government in 2016 include the passage of the Constitution Amendment Bill for GST and the progress in its introduction, demonetization of high denomination notes, enactment of an insolvency and bankruptcy code, amendment to the RBI Act for inflation targeting, enactment of the Aadhar bill for disbursement of financial subsidies and benefits. Further the Union Budget has made major reforms in merger of the Railway budget with the Union budget and the removal of plan and non-plan classification to facilitate a holistic view of all allocations for sectors and ministries.

            Demonetization is likely to have significant long-term benefits. These include increased flow of financial savings, greater formalization of the economy, greater digitization and transparency. The surplus liquidity in the banking system will lower borrowing costs and increase the access to credit. Stringent efforts are being made to clamp down on illicit financial flows. The availability of cash has been quickly restored with prudent monitoring of the pace of re-monetization of the currency counters.

            Astute food management and price monitoring by the Government has helped to contain inflation. A number of measures have been taken by Government to control inflation and restore price stability. The steps taken include, increased allocations for the price stabilization fund, creation of buffer stock of pulses, announcement of higher MSPs to incentivize production, imposition of export duties and reduction of import duties on certain commodities.

            In 2016, amongst the significant steps for monetary management and financial intermediation is the amendment in RBI Act. This amendment provides for an inflation target to be set by Government in consultation with the Reserve Bank of India once every 5 years. It also provides for a statutory base for constitution of an empowered monetary policy committee (MPC). The Government has fixed an inflation target of 4 percent with a tolerance level of +/- 2 percent for the period 2016-2021. The RBI has maintained an accommodative policy stance, which is duly reflected in the money markets.

            The performance of the banking sector continues to remain subdued. The asset quality of banks has deteriorated further with non-performing assets ratio of scheduled commercial banks increased to 9.1 percent. Credit growth to industrial sector remains persistently below 1 percent and non-food credit growth has remained sluggish. The Government has given a strong policy push for cleaning up bank balance sheets by the new bankruptcy code. That said, there remain elevated corporate sector risks and heightened levels of non-performing assets in public sector banks continue to pose risks to banks’ soundness.

            The Union Budget has reiterated its deep commitment to fiscal consolidation. Such a commitment is critical for lowering the cost of credit to private sector and help price stability. The fiscal consolidation strategy envisaged further subsidy reforms. Significant efforts in this direction have been made with the oil subsidies and Aadhar linkages for better targeting of subsidies. There has been considerable progress on structural reforms with continued efforts to reduce poverty, increase financial inclusion and further trade liberalization.

            To conclude it can be said that the Indian economy is growing strongly and remains a bright spot in the global landscape. The prospects for the Indian economy for the year 2017-18 are expected to get a boost from the accommodative monetary policy stance and the unleashing of domestic trade and consumption as the economy gets remonetized to the required levels.

……