Thursday 23 June 2016

Book Release - Guide to Bank Loans for Education - by RCBW

At the Installation Ceremony of Rtn.Aslam Merchant as President of Rotary Club of Bombay West held on 22nd June, 2016, the Chief Guest Rtn.Gopal Rai Mandhania, District Governor, Rotary International District 3141 released a book titled GUIDE TO EDUCATION & SKILL LOANS FROM BANKS IN INDIA.



 


This informative booklet compiled by Rtn.Aslam, a retired Banker, contains all that a student or parent would like to know about the loan facilities available from Banks in India as well as the subsidies and incentives made available by Government of India to encourage higher studies and skill education.

Its contents include details about the model education loan and skill loan schemes formulated by Indian Banks Association and implemented by all the major Banks in India, Govt.of India's Interest Subsidy Scheme and other incentives linked to Education Loans and Padho Pardesh Scheme for Minorities. 

Rotary Club of Bombay West plans free distribution of these books to the student community as well as to Junior Colleges in Mumbai for their libraries.  Also, few copies of the Book will be sent to all the Rotary Clubs in Rotary International District 3141 as well as the neighbouring District 3142 for considering creating awareness in their neighbourhood.

Aslam Merchant Installed as President of Rotary Bombay West

At a glittering ceremony held at the Rotary Service Centre, Mumbai, on 22nd June, 2016, Rtn.Aslam S. Merchant was installed as the President of Rotary Club of Bombay West for the year 2016-17, beginning from 1st July, 2016.

Speaking on the occasion, Chief Guest Rtn.Gopal Rai Mandhania, District Governor 2016-17 of Rotary International District 3141 said that Rotary Club of Bombay West was considered as one of the most prestigious clubs of the District with excellent infrastructure, hi-profile members and permanent and on-going community service projects which would keep its President busy throughout the year.  He was thoroughly impressed with the range of service projects planned by the incoming President Aslam and his Board members for the upcoming Rotary Year which is the first year of Pratham Year of the newly carved RID 3141.


Earlier, the current President of the Club, Rtn.Shirish Rege gave glimpses of the work done by the Club during 2015-16 which was praised and applauded by the members and invited guests present at the Installation Event.  He also went on to introduce the incoming President, Rtn.Aslam Merchant as a Rotarian who sees his role as a facilitator for his team to plan, fund and implement projects. Rtn.Aslam Merchant is a retired banker - he was associated as Group Vice President of DCB Bank.

In his Acceptance Speech, Aslam thanked all his Past Presidents for having done remarkable work and setting newer bench marks for coming years.  He said he was privileged and honoured to accept the responsibility of the President of the Club with pride and happiness.

Aslam Merchant Installed as President of Rotary Bombay West

At a glittering ceremony held at the Rotary Service Centre, Mumbai, on 22nd June, 2016, Rtn.Aslam S. Merchant was installed as the President of Rotary Club of Bombay West for the year 2016-17, beginning from 1st July, 2016.

Speaking on the occasion, Chief Guest Rtn.Gopal Rai Mandhania, District Governor 2016-17 of Rotary International District 3141 said that Rotary Club of Bombay West was considered as one of the most prestigious clubs of the District with excellent infrastructure, hi-profile members and permanent and on-going community service projects which would keep its President busy throughout the year.  He was thoroughly impressed with the range of service projects planned by the incoming President Aslam and his Board members for the upcoming Rotary Year which is the first year of Pratham Year of the newly carved RID 3141.


Earlier, the current President of the Club, Rtn.Shirish Rege gave glimpses of the work done by the Club during 2015-16 which was praised and applauded by the members and invited guests present at the Installation Event.  He also went on to introduce the incoming President, Rtn.Aslam Merchant as a Rotarian who sees his role as a facilitator for his team to plan, fund and implement projects. Rtn.Aslam Merchant is a retired banker - he was associated as Group Vice President of DCB Bank.

In his Acceptance Speech, Aslam thanked all his Past Presidents for having done remarkable work and setting newer bench marks for coming years.  He said he was privileged and honoured to accept the responsibility of the President of the Club with pride and happiness.

Monday 20 June 2016

India Growth Story is 'intact' - Adil Zainulbhai, Ex-Chairman McKinsey India




“Indian Economy is once again on the growth trajectory with the growth rate in GDP is expected to move upwards steadily from around 7% currently to at least 8 – 9% in next few years” said Mr.Adil Zainulbhai while delivering the keynote address at the Kalyan Banerjee Leadership Lecture organized by Rotary Club of Bombay West on Saturday, 18th June, 2016 at Rotary Service Centre at Juhu Tara Road. Rtn. Kalyan Banerjee, Past Rotary International President himself was present as also Rtn. Subhash Kulkarni, District Governor of Rotary International District 3140. The Oration was attended by professionals, businessmen, Academics, students of management institutes and members of various Rotary Clubs in Mumbai.

Mr.Adil Zainulbhai is on the Boards of large corporations such as Reliance Industries, L&T, Cipla, etcas also on the Global Advisory Panel of Uber. He was the first name from the corporate world to be roped in by Prime Minister Narendra Modi to help his Government as Chairman of Quality Council of India.  In this role, he is assisting the Government‘s plan of “Make in India” to boost manufacturing and has had the opportunity to work closely with several Central ministries and bureaucrats during the last 18 – 24 months.  According to him, a lot of good work is happening at the Central Government level with strategic decisions being taken to ensure development and improvement in quality of lives of 1.25 billion people of India.  He observed that the macro situation on fronts such as current account and fiscal deficits and inflation rate is good, moderate on exchange rate front but credit growth and NPAs are causing concern. He analysed that pain points of international investors related to retrospective legislation, FDI in sectors such as railways, defence, etc. have been addressed but insurance and retail direct investments have only been partially addressed.  He commented that the Government’s policies aim to fulfil India’s economic, social and geopolitical aspirations. He illustrated this point with a few aspects related to economy with direct benefit transfer through Jan Dhan and Aadhar, related to citizen services through Swachh Bharat and related to foreign policy through the PM’s visits and its impact on FDI and FII investments. The positive results of this work will take time to percolate down to the ground level, but he was optimistic that if we relentlessly work with the Government in its ambitious plans, we shall be able to overcome hurdles and achieve success.  To illustrate his point, he gave the example of Rotary’s fight against Polio – despite several impediments and stumbling blocks faced by the Rotarians the world over – Rotary never gave up.  And today, the world is very close to be declared Polio-free. His insightful oration was well appreciated by the audience.

The Kalyan Banerjee Leadership Lecture has been instituted by the Rotary Club of Bombay West in the year 2011-12 as a mark of appreciation for Rtn.Kalyan Banerjee who became only the third Indian to head Rotary International as its President, as a leader of 1.2 million Rotarians around the world.  In two weeks’ time, on the 1st of July, Rtn. Kalyan Banerjee will take over as the Trustee Chair of The Rotary Foundation. As Chair, he will have the privilege of leading the activities of The Rotary Foundation during its centennial year in 2017.

Sunday 5 June 2016

Inviting Gen-Next to Join RCBW !





“Rotary is cyclical.  That’s always that Next Generation that always comes along”

Rotary Club of Bombay West welcomes the next generation to its fold with open arms !

‘Welcome Gen-Next’ is a program to invite youngsters as new members of our Club.

Why New Members?

New members bring in fresh ideas.  Growth in Membership of a Club results in more hands to serve the community.  Growth = Progress.  A ‘progressive’ club gathers ‘no moss’. 

Why New ‘Young’ Members?

India has more than 50% of its population below the age of 25 and more than 65% below the age of 35 whereas our Club’s age profile is skewed.

Given the age profile of our membership, it is imperative that we focus our energies to recruit younger members in our Club.  Youth brings in innovative ideas, energy and enthusiasm.  A blend of ‘youth’ and ‘wisdom’ can achieve miracles.

So What Is On Offer?

To encourage eligible youngsters (and Rotaractors) as Members of Rotary Club of Bombay West, we have decided to waive, upon request,  certain charges being recovered as part of the half-yearly membership dues, thus amounting to approx. discount of over 40% annually, subject to:

1.       New Member joining after 1st July, 2016 is less than 35 years of age as on the date of induction;
2.       The prospective Member is otherwise eligible for being inducted as a Rotarians as per the guidelines laid down in this regard;
3.       The waiver is for a maximum period of 3 Rotary Years from the date of admittance or upto the member attaining the age of 35 years, whichever is earlier;
4.       For availing the aforesaid waiver in 2nd and 3rd years, the new member should have fulfilled the attendance criteria as well as been satisfactorily engaged in the club’s activities and projects;
5.       The decision of the Board with respect to (4) above would be final;


Are You Ready for Action?

Inviting Youngsters under 35 years to join our Club.

We know that Youngsters today are looking at opportunities to ‘make a difference in the society’.  

Rotary is a service organization doing good globally.  (read more about it on www.rotary.org) 

Rotary Club of Bombay West too is engaged in serving humanity through the service projects we carry out year after year which enhances the lives of our neighborhood communities. (to know more go to www.rcbw.org) 

Remember, under the Gen-Next Program, we can induct only 10 (ten) members during one Rotary Year (July - June) 

So hurry…. get in touch with us today !!

Aslam Merchant
President 2016-17
Rotary Club of Bombay West
www.rcbw.org
Email: rtn.asmerchant@gmail.com