CSR MAKING GOOD BUSINESS SENSE IN INDIA: OTHER DEFINITION(2)

CSR BPO STANDS AT VEDANTA

1. B Stand with Building the people

2. P stand with proactively engaging

3. O stand with Opportunity to grow

Dr. Mukesh Kumar, President and COO -VAL Lanjigarh, reiterated Vedanta’s vision for the overall development of the peripheral areas of Kalahandi, where it is already operating an alumina refinery. He said, “Vedanta will continuously support such endeavor to make the tribal community self-sustainable. Culture is as important to us as socio-economic development, which has been our top priority.”

In a poor and backward State showing highest incidence of rural poverty the development of hardcore backward districts requires special attention. It is found that the socio-economic conditions of people in the undivided Kalahandi, Bolangir and Koraput districts, popularly known as the KBK districts, have worsened over the years. Thanks to deforestation and erratic rainfall causing recurring droughts and famine like situation, these districts having more than 80 per cent of agricultural dependent population show bulk of the poor and destitute in Orissa.

Representative APR 391%

Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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