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The Importance Of Natural Resources On Livelihood – Innovative Financial Advisors Pvt. Ltd.

Finance

(Free Press Release) Apart from this Innovative Financial Advisors Pvt. Ltd. believes there is a need to ensure that the natural resources are managed and used sustainably – so that the rural population continues to derive their livelihood.

The Importance Of Natural Resources On Livelihood – Innovative Financial Advisors Pvt. Ltd.


      

Innovative Financial Advisors Pvt. Ltd. understands that the contribution of a nation's natural resources to the livelihood of its citizens directly or indirectly is immense. In India alone, some 50 million people are directly dependent on forests for their subsistence (WWF). Developing countries depend on natural resources much more than developed countries. A quarter of the total wealth of low-income countries comes from 'natural capital', compared to only 2% in wealthier countries, according to the World Bank study. Natural resources fuel economies, providing raw materials for agriculture, industry, trade, medicines and tourism and thereby drive the livelihoods of its citizens. However, we need strong governance and safeguards to make sure the benefits reach the poorest people. Too often private interests have been vested towards natural resources in an unsustainable way, whether in large-scale forestry, mining, fishing or agriculture. And poor people in rural areas have suffered, instead of benefitting from those local resources through, for example, community forestry or ecotourism.

The Forest Rights Act needs to be amended to further development. The amendments shall delink forest clearance from the National Board of Wild Life, revamping the criteria and procedures. The amendment shall affect the rights of those dwelling in the areas falling under the category of forests, post 1960. Apart from this Innovative Financial Advisors Pvt. Ltd. believes there is a need to ensure that the natural resources are managed and used sustainably – so that the rural population continues to derive their livelihood. This involves protecting the species and ecosystems that support livelihoods and so help reduce poverty in the long-term.

Innovative Financial Advisors Pvt. Ltd. understands in order to ensure resource optimization, Geographical Information System (GIS) based decision support system is a key initiatives to fast-track efficient, expedite and transparent decision making pertaining to effective forest management, environment protection and biodiversity conservation. There is also a need to optimize resource use through better water management, efficient agricultural systems and forest management strategies to make the natural resources be available for developmental as well as livelihood purposes.

 

Written By Mandeep Kaur (Programme Manager – Innovative Financial Advisors Pvt. Ltd. )

 

Company: Innovative Financial Advisors Pvt. Ltd.

Address: 24/30, Ground Floor,

Okhla Industrial Estate, Phase 3,

City: New Delhi

Pin: 110020

Phone: 91-011-42332200

Fax: 011-49278811

 

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The Importance Of Natural Resources On Livelihood – Innovative Financial Advisors Pvt. Ltd.

Source: Press Release

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