Date
2014-11-15T12:00:00
Summary

Organiser : Bombay Stock Exchange 

Honorable Chief Minister of Maharashtra, Sh. Devendra Fadnavis and Rt. Hon. Dr. Vince Cable MP, UK’s Secretary of State for Business, Innovation and Skills and President of the Board of Trade, today inaugurated a conference entitled ‘Corporate Social Responsibility: Empowering Poor Widows in India’, hosted by The Loomba Foundation, a UN accredited global NGO working for the cause of poor widows and their children, and the Bombay Stock Exchange (BSE Ltd.), India’s most advanced, Asia’s first and fastest, and the world’s largest stock exchange in terms of number of listed companies. The event encouraged corporate India to channelize their mandatory 2% Corporate Social Responsibility provision in the new Companies Act for the benefit of impoverished widows.   

Lord Raj Loomba CBE, Founder and Chairman Trustee of The Loomba Foundation, who was recently conferred the Lifetime Achievement Award by the United Nations Association of New York, said, “Our Foundation has held several events to create global awareness on the plight and unmet needs of the widows, but this is perhaps the biggest contingent of business leaders I have ever seen at a single place to show solidarity for the cause. I am deeply indebted to the BSE for making this possible. In January, The Loomba Foundation’s goodwill ambassador, and internationally renowned corporate finance lawyer, Chris Parsons, will be back in Mumbai to walk 30 marathons in 30 days covering a distance of 1260km from The Gateway of India to Bangalore via Goa, Mangalore and Mysore 

A highlight of the conference was the launch of a project of 500 sewing machines in Mumbai jointly by The Loomba Foundation’s trustee Mrs. Shamin Lalji, and patron Padamshri Sh. Vikramjit Singh Sahni, to help widows become self-sufficient by giving them a means of earning income