Below Poverty Line Current Affairs - 2019

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October 17: International Day for the Eradication of Poverty

The United Nations declared October 17 as the International Day for the Eradication of Poverty (IDEP) in 1992.

Significance

According to internationally agreed poverty line, one in 10 people in developing regions are still living on less than 1.90 USD per day. Though significant progress has been made in certain countries in Eastern and South Eastern Asia, around 42% of the population in Sub-Saharan Africa still lives below poverty line. According to the United Nations, there are 783 million people living below international poverty line which is 1.90 USD per day

Theme: Acting together to Empower Children, their families and Communities to End Poverty

SDG and Poverty

The target 1A of SDG-Sustainable Development Goal is “Ensuring significant mobilization of resources from a variety of sources, including enhanced development cooperation, in order to provide adequate and predictable means for developing countries”

Inspiration

The Call to Action by Father Joseph Wresinski was the major inspiration to commemorate the day. Joseph Wrensinski was born to immigrant parents in a poor neighbourhood of France. He grew up in chronic poverty and was ordained a priest in 1946. He served in industrial and rural parishes. It was him who urged the UN to declare the IDEP. He is the founder of International Movement ATD Fourth World.

History

In 1987, more than 100,000 people gathered on the Human Rights and Liberties Plaza, Paris, France. Father Joseph Wresinski unveiled a commemorative stone honoring victim of poverty, hunger, violence and fear.

NALCO to get President’s award for excellent CSR in social development

National Aluminium Company Limited (NALCO), an Odisha-based Navaratna Company has been selected for President’s award for utilisation of Corporate Social Responsibility (CSR) fund in social development. NALCO was selected for its Aliali Jhia Scheme.

About Aliali Jhia

In 2015 NALCO started a scheme called Aliali Jhia. The scheme was on the line of Beti Bachao Beti Padhao to adapt and promote the poor and talented girls for education.

It aimed to promote the education of Girls of BPL (Below Poverty Line) families.

Under this scheme, NALCO adopted 416 girls from BPL families of 66 villages in Anugul and Koraput districts of Odisha. These girls are reading in 45 different schools and under this scheme Company is bearing all expenditure for education and promotion of talent from 8th to 10th class.

Scheme is now joined by employees of the company.

About National Aluminium Company Limited

NALCO is a Navratna CPSE (Central Public Sector Enterprises) under Union Ministry of Mines. Centre Government holds 52% equity of NALCO.

It was established in 1981, with its registered office at Bhubaneswar, Odisha.

It is one of the largest integrated primary producer of Aluminium in Asia.

It encompasses entire vale chain from bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations.

What is Corporate Social Responsibility?

CSR is funding and grants process undertaken by corporate sector under which they provide financial and other support to Non-Profit Organisations (NGOs). Under Companies Act, 2013 it is a mandatory provision for companies to provide a contribution of 2% of average of their net profits.