India says Global Hunger Report 2021 ‘devoid of ground reality’
October 16, 2021, 12:15 am

India says Global Hunger Report 2021 ‘devoid of ground reality’

India-Indian children/Pixabay

The We For News reported, India's Ministry of Women and Child Development on Friday slammed the Global Hunger Report 2021 published by Concern Worldwide and Welt Hunger Hilfe, terming it as “devoid of ground reality” and having “serious methodological issues”.

The ministry said in a statement: “It is shocking to find that the Global Hunger Report 2021 has lowered the rank of India on the basis of FAO estimates on proportion of undernourished population, which is found to be devoid of ground reality and facts, and suffers from serious methodological issues. The publishing agencies of the Global Hunger Report, Concern Worldwide and Welt Hunger Hilfe, have not done their due diligence before releasing the report."

The Global Hunger Index (GHI) 2021 published by the Irish aid agency has ranked India at 101 out of 116 countries, terming the level of hunger in India as “alarming”. Neighbouring countries Pakistan, Bangladesh and Nepal have fared better than India.

The We For News said that in 2020, India was ranked 94th out of 107 countries.

The ministry said in a statement: “The methodology used by FAO is unscientific. They have based their assessment on the results of a ‘four-question’ opinion poll, which was conducted telephonically by Gallup. There is no scientific methodology to measure undernourishment like the availability of food grains per capita during the period. The scientific measurement of undernourishment would require measurement of weight and height, whereas the methodology involved here is based on Gallup poll based on pure telephonic estimate of the population."

The ministry added: “The report completely disregards Government’s massive effort to ensure food security of the entire population during the covid period, verifiable data on which are available. The opinion poll does not have a single question on whether the respondent received any food support from the Government or other sources. The representativeness of even this opinion poll is doubtful for India and other countries."

The ministry added, it is surprising that four other countries of this region, Afghanistan, Bangladesh, Nepal and Sri Lanka, have not been affected at all by the Covid-induced loss of job/business and reduction in income levels; rather, they have been able to improve their position on the indicator ‘proportion of undernourished population’ by 4.3 per cent, 3.3 per cent, 1.3 per cent and 0.8 per cent points, respectively, during the period 2018-20 over 2017-19.

Source: wefornews

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.