Government Willing to Discuss Aspects of Microcredit Bill with Stakeholders

first_imgStory Highlights Mr. Green was speaking at the Jamaica Micro Financing Association Limited’s (JaMFA) seventh annual microfinance sector leadership forum, at The Jamaica Pegasus Hotel in New Kingston, on Tuesday (May 28). State Minister in the Ministry of Industry, Commerce, Agriculture and Fisheries, Hon. Floyd Green, says the Administration has no intention of taking a “big stick” approach to the implementation of the legislation’s provisions. The Government says it is prepared to entertain stakeholder discussions on aspects of the proposed Microcredit Act that are generating some concern.State Minister in the Ministry of Industry, Commerce, Agriculture and Fisheries, Hon. Floyd Green, says the Administration has no intention of taking a “big stick” approach to the implementation of the legislation’s provisions.Mr. Green was speaking at the Jamaica Micro Financing Association Limited’s (JaMFA) seventh annual microfinance sector leadership forum, at The Jamaica Pegasus Hotel in New Kingston, on Tuesday (May 28).The State Minister said he has already had discussions with the Minister of Finance and the Public Service (Dr. the Hon. Nigel Clarke), “which came out of my very first meeting with the Micro, Small and Medium-sized Enterprise (MSME) Implementation Task Force, where concerns were raised”.Mr. Green said Dr. Clarke indicated his willingness to meet with industry stakeholders “to review aspects of the Bill they have a difficulty with”.The Bill, which was tabled in Parliament by Dr. Clarke in February, is intended to regulate microcredit service providers by ensuring they are licensed by the designated regulatory authority.They will also be required to keep proper accounting and other records and make timely reports to that authority.Meanwhile, Mr. Green said he will maintain an open door policy on the matter and advised that he is prepared to meet with stakeholders, such as the advocacy team, comprising representatives of JaMFA and the Jamaica Association of Microfinancing (JaMFIN), which was established to lobby government intervention to address the areas of concern.He explained that the Act is intended to aid in facilitating the microfinance sector’s growth, safeguard consumers, and ensure that all stakeholders are “playing by fair rules”.For his part, JaMFA’s Executive Director, Raymond Gabbidon, said the advocacy team will be lobbying the support of both Ministries on the matter.State Minister in the Ministry of Industry, Commerce, Agriculture and Fisheries, Hon. Floyd Green (left), greets Jamaica Micro Financing Association Limited’s (JaMFA) Executive Director, Raymond Gabbidon, during JaMFA’s annual micro finance sector leadership forum, held at The Jamaica Pegasus hotel in New Kingston, on Tuesday (May 28). In the background is JaMFA’s Acting Chairman, Andrew Mais.The Act also seeks to regulate the provision of microcredit services offered by microcredit institutions, in order to ensure that microcredit services may be utilised by micro, small and medium-sized enterprises and individuals to facilitate their financial or economic advancement; and that the interest of borrowers may be protected by discouraging excessive interest rates and predatory lending practices by microcredit institutions.It prohibits false and misleading advertising by microcredit institutions; and makes it an offence for microcredit institutions to use threats and violence in the process of collecting a debt.The Bill identifies the Consumer Affairs Commission (CAC) as the body responsible for accepting complaints against microcredit institutions, investigating complaints against microcredit institutions and formulating a code of conduct for microcredit institutions on consumer-related matters. The Government says it is prepared to entertain stakeholder discussions on aspects of the proposed Microcredit Act that are generating some concern.last_img read more

Celebrating masters and newbies

first_imgThe upcoming group art exhibition The Creativists, which starts from July 20 is about to enthrall the art lovers of the city as it will showcase a culmination of the works by veteran and contemporary artists. The aim is to showcase the quality works of masters as well as aspiring talent. The artistes participating in the event are Niren Sen Gupta, Kalicharan Gupta, Shobha Broota, Jagdish Chander, Jagadish dey, Sanjay Bhattacharya, Apte (sculpter) and Jiten Hazarika. Artist Shobha Broota’s work is soaked in a spiritual and meditative vision reverberating with rhythms in oscillating patterns.  Also Read – ‘Playing Jojo was emotionally exhausting’Her seemingly simple and minimal work invites the eye and blocks the perception to contemplate the form and its loosening unto the void. Hailed for its philosophical depth, the work commands concentration on one’s part to comprehend and appreciate it fully. Her creativity entails using various mediums including cloth, wool and iron mesh among others and the experimental quality of her work takes it beyond the plane of mere abstraction. She works on canvas, paper and board with equal energy to make balanced and tranquil compositions in variable textures and palette. Also Read – Leslie doing new comedy special with NetflixWhere Broota holds her share of spirituality in her art works, artist Sanjay Bhattachaya had openly admitted that he had been influenced by the works of Rembrandt and Dali. In his style, one can see light and shade techniques at play, trying to create a surrealistic imagery. Sanjay’s main themes are about city life in general in which inanimate objects figure more prominently. Sanjay Bhattacharya has painted in oil, watercolour and acrylic and has done sketches too.  Sanjay Bhattacharya, like most artists from Bengal is known more for watercolours and oil works. His initial paintings drew heavily on the style of Bikash Bhattacharya, but in later days Sanjay tried works in the style of other great artists of Bengal like Ganesh Pyne. In course of time Sanjay amalgamated various styles and developed on his own. With a display of urban life in a stylized manner, the works of Kalicharan Gupta’s imagery is complex and demands exploration.This exploration is both visual as well as architectural. There is of course color with subtle, tonal and compositional variations, moving towards making an impressive statement. Gupta’s works engage you both in contrast and harmony. Painted in a semi abstract style, his works invite you to view and weigh the impact of his unique style.WHEN : July 20- 25WHERE : Visual Art Gallery, India Habitat Centre Lodhi RoadTIMINGS : 11 am till 7 pmlast_img read more

Believing in a bright tomorrow

first_imgThe heart of the national Capital is bearing witness to the saying: “To plant a garden is to believe in a tomorrow,” as the Indian International Centre (IIC) premises is all decked up for the season of festivals this year.Rajan Kumar Verma, the man who is responsible for the colourfull gardens at IIC has been working here for almost 30 years. This winter, IIC has been redecorated with several flowering plants and creepers in the premises to add on to the already available greenery. Starting from the entrance, the main lawn, the Rose garden to the Fountain lawn and Quadrangle lawn the place is home to flowering plants like Chrysanthemum, Marigold, Salvia, Petunia, Calendula, Tecoma, Aster, Antirrhinum (dog flower) and many more.  Also Read – Add new books to your shelfIIC has been known to the who’s who of Delhi for the quality cultural programmes and art exhibitions they host round the year, and also for the fig-honey ice cream they serve in the members-only cafeteria! But for nature lovers this is an area to bask in the sun and breathe in some fresh green air unavailable in the much polluted streets and populated localities. While you take a stroll in the open exhibition area, inquisitively observing the beautiful art works, you would also come across several hues of natural habitat attracting your attention swaying in the air rhythmically. When you sit at the cafe, looking out at the fountain you will see several Dahlias smiling up at you from the tubs placed by the water body. The artificial lake also has some water lilies floating on the surface. The creepers by the side of the boundary wall are host to many butterflies and bees as they visit the flowers to feed on honey and eventually become what we humans call ‘a marvellous photography subject’. In case you are waiting for a companion to arrive with whom you plan to visit the art exhibitions, or attend an informative seminar, do not simply sit with a long face thinking of getting late, rather  take a look around the peaceful area and pamper your senses with the well maintained greens of the trees, creepers and flowers.last_img read more