Yunus will teach India Inc why and how social business is not charity but business wherein a surplus is passed on to the target group of beneficiaries in the form of lower prices, better service and greater access
Nobel peace laureate Muhammad Yunus today filed an appeal against the Bangladesh High Court verdict upholding his dismissal from the Grameen Bank, in a final bid to retain his position as head of the pioneering micro-finance agency he founded nearly three decades ago.
Nobel Laureate Muhammad Yunus, whose experiment of poor men's banking in Bangladesh helped establish micro-credit movement across the developing world, will address the Indian Parliament in December this year.
Designing smart finance products for the underprivileged, could yield rich career dividends
Nobel Peace Prize laureate and economist Muhammad Yunus has urged the World Bank to reform its policies, saying the development lender has failed to achieve its main goal of eradicating poverty because of its failure to modernise anti-poverty lending programmes.
'I will be researching the successful business models that have emerged from the rapid industrialisation of India's economy and its effects within Indian society. In addition, I will be examining the entrepreneurship process within India and future opportunities for entrepreneurs in India.'
Nobel Laureate Muhammad Yunus asked the Indian industry on Tuesday to get into micro-finance activities and the government to enable a legal framework for promotion of 'social business' in the country.
Most studies suggest that microcredit is beneficial but only to a limited extent and the reality is less attractive than the promise.
Professor Yunus is the first Sakal Person of the Year.
Nobel Laureate Muhammad Yunus, founder of the micro-credit pioneer Grameen Bank in Bangladesh, hit out at banks on Friday for not providing loans to the poor and disadvantaged.
'I hope that by seeing us in such huge numbers the government will get scared and agree to our demands.'
The event, which was slated to have been held at Rajghat to commemorate the Buddhist monk's 60th year in exile in India, was later moved to Dharamshala in Himachal Pradesh, and will now be held at the end of the month.
ISRO has been selected for the Gandhi Peace Prize for 2014 for its contribution to the country's development through space technology and satellite-based services.
'The lockdown has been a great excuse to delay payments.'
Elon Musk is one of the world's most successful entrepreneurs.
If struggling with dealing with queues of people asking for new notes wasn't enough, banks are now facing the challenge of storing the old notes in their strong rooms.
If the country is to meet its jobs and income challenge, there has to be a parallel focus on jobs in the formal sector.
The heist stretch of the movie is not without imagination, but arriving at that chunk, and sitting through what follows, can be bad for your skin, warns Sreehari Nair.
'...then Bangladesh would have been the world champions a long time ago!'
This is the story of two youngsters from Bengaluru, who converted adversity to their advantage.
Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.
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