If you’re creative and technical – you’re unstoppable.– Robert RodriguezIn this ‘original and best’ (hence the VHS quality!) 10 minute filmschool, director Robert Rodriguez outlines his philosophy for making movies, especially your first films. The less stuff you have the better, the worse your equipment the better, the less money you have the better, the more mistakes you make the better and oh, make sure you throw away your tripod.Martin Scorcese on Reading The Language of CinemaIn this Jefferson lecture from the National Endownment for the Humanities director Martin Scorcese delivers a lecture entitled ‘The Persistence of Vision: Reading the Language of Cinema‘. Its a great ode to the magic and power of cinema and it’s lasting legacy in the lives and imagination of those who love it as much as Scorcese does. An inspiring hour with a master filmmaker.You can watch the full lecture here.Masters on CinematographyIn this fantastic two part interview from The Craft Truck – Gordon Willis talks about his career, the craft, shooting The Godfather and much more. Gordon Willis was director of photography on The Godfather Trilogy, Annie Hall, Manhattan and many other great movies. A great lesson in cinema. All filmmakers are students of the craft. Discover these valuable lessons from filmmaking legends. Master’s on Film EditingOrson Welles packs plenty of food for thought into under two short minutes in this clip on the craft of film editing. Watching it will make you proud to be an editor! Double dose of Hitchcock: For a more robust analysis of what editing really is, you can’t do much better than these 7 minutes from the master filmmaker.
The following post is a summary of Adam Grant’s presentation on his book Give and Take: A Revolutionary Approach to Success at the Conference on Volunteering and Service.In Give and Take, Adam Grant’s premise is that there is more to the secret of success than hard work, talent and luck – especially as the world continues to become more hyper-connected. What’s missing is generosity. Givers excel in a collaborative work environment, but can burn out easily if they don’t see the impact of their contributions or don’t learn how to set boundaries. This is especially true for people in helping professions such as nonprofit leadership, cause marketing and social responsibility.Here are Adam’s 4 tips for creating a cultures of successful givers at your organization.1. Get the right people on the bus (a nod to Jim Collins)Weed out the takers and encourage matches to take their cues from the givers. Rewarding giver behavior and helping matchers see the value in reciprocity with a net positive benefit will nudge your culture towards a collaborative, generous workplace.2. Reduce costsThink about the power of 5-minute favors. You don’t have to be Mother Theresa or Gandhi to call yourself a giver. Giver mentality is more about finding efficient ways to make low-cost gestures with high value to the receiver. You’ve heard of micro-volunteering? Think of it as micro-favors. If someone asks you for help and you know you are the best equipped to help and the act will only take you 5 minutes, say yes. Always. If you are not the best equipped to respond, point the person in a new direction to find the help they need.3. Show impactSome givers burn out others are energized by doing favors – why? Givers burn out when they can’t see the value of their impact. Think of ways to have authentic messengers demonstrate the value your staff creates every day. A message from the CEO is nice, but givers are more motivated by a thank you from a program beneficiary or an employee who gave in a personally meaningful way. Showing impact in a tangible way relates to the concept of the ‘identifiable victim’ or ‘singularity effect’ – people are more compassionate when they can relate to one person’s story.4. Encourage help-seekingA whopping 75-90% of helping starts with a request, yet people hesitate to ask for help – especially givers. Givers don’t want to be a burden and often confuse taking and receiving. We need to create work cultures that reward asking for help and make it ok for people to take it. Also, givers to ask for help so other people (namely matchers) have the opportunity to give and so givers know who can benefit from their help and how in the future.Here’s an example of how help-seeking improves results. Appletree Answers, a call center solutions provider, was experiencing 98% staff turnover each year. That’s a huge HR hiring burden to replace your staff every year. The company started internal employee wish program where employees could ask for help fulfilling their dreams and other employees could offer assistance to making those wishes come true. As a result of creating this culture of giving and receiving, staff turnover dropped to 33%.Your organization can create its own Reciprocity Ring. Here’s how.· Invite employees to join the program.· Have everyone participating make a request.· Everyone in the program then tries to help make those requests happen.· Everyone is both a giver and a receiver, so there is no stigma about asking for help.· Everyone gets better understanding of the resources in their network for future giving and receiving. by Kate Olsen, VP of Strategic Projects at Network for Good @Kate4Good
Crunch time!Can it be…Labor Day weekend is really behind us? 2014 is in the home stretch and that means it is crunch time for nonprofits.In fact, 30% of the projected $300 billion in total annual donations to charities are made in December — and 10%, or $30 billion, come during the year’s last 48 hours. (Source: NY Post, December 2013)For most nonprofits, it’s make or break time. And for donors, whether they are motivated by making an impact or by the tax year, December underlines the urgency of giving.Countdown to #GivingTuesdayThe movement that has changed the December giving season since 2012 is #GivingTuesday. It started with a simple idea – to be a counterpoint to the consumerism of Black Friday and CyberMonday. From a couple hundred nonprofits in 2012, #GivingTuesday has grown into an international day of giving with organizations and donors around the globe joining the movement.Traditionally, year-end givers to nonprofits are loyal supporters or those with personal ties to an organization. Now, nonprofits can harness the energy of #GivingTuesday to engage new donors, and to extend and amplify the giving season. We know first hand. Last year we led BMoregivesMore, the campaign to make Baltimore the most generous city in America on #GivingTuesday. Nonprofits that participated in BMoreGivesMore reported that between 20% and 60% of donors on that day were new. And more than 80% who shared their results said that they had a comparable or better December overall!13 Tuesdays to go: We’re here for you.Despite all the excitement and opportunity of #GivingTuesday, your team has a full plate planning for year-end already. So how do you capitalize on #GivingTuesday?Network for Good is launching N4G Gives, a national campaign to launch the giving season on #GivingTuesday.Beginning this week, we’re offering a combination of free and client-only resources to get your team ready. We’re arming ALL nonprofits with the tools, tactics, training and motivation to make this your best December ever.And for Network for Good clients, we’ll also be offering:• Two great platforms: • DonateNow – your customized online giving page to maximize donor conversion• GiveCorps – a cutting-edge giving platform that offers donors a superior online giving experience, plus crowdfunding and peer-to-peer.• Exclusive toolkits, expert webinars, specialized coaching, and communications resources• Matching funds to make your gifts go further• Visibility with Network for Good donors What’s the first step? Start by downloading our comprehensive Giving Days eBook. According to nonprofit thought leader Beth Kanter, it’s a “terrific, free eBook with lots of tips and planning templates to help your organization decide whether to participate.”Then every Tuesday, we’ll bring you new resources to get ready for #GivingTuesday.It’s time to plan for your best December ever!Ready to get started? Our team can help you get your site ready for #GivingTuesday. Set up a time talk with a fundraising consultant today and get a free demo.
5 Tips for Streamlining Your Online Fundraising ToolsOnline fundraising tools can make a huge difference in the amount of donations a nonprofit receives. Just being able to accept online donations has increased the reach of many nonprofit organizations, and it allows donors to give whenever they wish, by simply connecting with their smartphones, rather than having to wait until they are home with a checkbook handy.Since the majority of the population accesses the internet regularly, nonprofits are able to communicate with potential donors and share their message more frequently than ever before. Over the years, marketers and publicists have determined which formats are the most effective for brochures, postcards, posters, and other types of material used to promote organizations of all kinds. Donation software has also been developed, tested and re-designed to increase its effectiveness.Fundraising websites are like other websites in some ways, but they have some differences that should not be overlooked. Donation software, in particular, has been found to be most effective if it follows these five guidelines.Donation software should be mobile-friendly. If a potential donor is online using a mobile device and clicks your “donate now” button, but can’t navigate through the donation page on the device’s small screen, you will lose the donation. People are easily frustrated with pages that don’t work well, or are confusing, and leave the page in a matter of seconds.Limit the number of fields requiring input. When a form requires a lot of information, users are likely to leave the page without completing it. This means that even though they fully intended to make a donation when they got to the page, the fundraiser software became a hindrance, rather than a tool for helping them complete the intended action.Avoid links away from the donation page. It may seem appropriate to include a link back to your website or resources for more information on the good work that will be done with the donations you receive, but bear in mind that people are easily distracted—especially online—and interesting links that direct potential donors away from the donation page are stopping the donation process.Limit the amount of text on the page. Your website is a great place to share as much information as possible about your cause and the good work done by your organization. Your donation page should focus only on accepting online donations. A couple of sentences and an image that evokes emotion are enough to keep the donor inspired. Excess text can trigger “fine print” skepticism.Keep it simple. Complex options on a donation form make it less likely that donors will complete it. Fundraising websites should include options for recurring giving, and offer suggested donation amounts that the donor can choose with one click, but never include suggestions such as a percentage of the donor’s income, that would make them stop to think. They are much less likely to complete the form if there is more for them to do.Since 2001, Network for Good has helped over 100,000 nonprofit organizations raise more than $1 billion online. To discuss how we can help you get the most out of your fundraising efforts, contact us today or call 1-888-284-7978 x1.
This is what we all know: December is huge for individual giving.In 2014, Network for Good saw thirty-one percent of the year’s online giving happened in December, and 12% of the year’s gifts came in during the last 3 days of the year. There’s still time to reap the rewards of this last-minute activity. With all of the time, effort, and money you put into your final fundraising campaigns, make sure your get the most out of your year-end donors with these tactics:Create a Great ExperienceEach aspect of your campaign—and especially your donation page—should reinforce a supporter’s decision to give while making it quick and easy for them to complete their donation. This means all of your materials should echo your key fundraising messages and incorporate your nonprofit’s branding. Each part of your campaign should be an continuation of the conversation you’re having with your potential donors across all of your outreach channels.Offer Suggested Donation AmountsDonors are looking for cues for how much to donate. While they may have a number in mind, they’re not really sure what level will make an impact. In addition to letting donors fill in their own donation amount, give donors a shortcut by offering suggested giving amounts that take the guesswork out of how much to donate.By presenting defined choices, supporters have context on what might be considered a “low” amount vs. a higher end contribution. This not only makes it easier for your donors, these suggestions can actually motivate donors to give more. Showcase Recurring Giving OptionsIn your fundraising appeals and on your online donation pages, always include the option to make a recurring gift. Well-positioned recurring gifts give supporters a way to give every month for the next year, instead of just one year-end donation. This is a win-win situation for everyone involved—donors can give more over time and you have a steady stream of dependable funds. Attach giving levels, special perks, and impact descriptions to monthly gift tiers to make recurring giving a more attractive option. If you don’t have a donation page that will help you increase your average gift size and encourage monthly giving, it’s time to make a change. Get a personal tour of Network for Good’s donation pages today.Enable and Encourage Social SharingMake it easy for your donors to share your message and raise money on your behalf by giving them tools to share your message via social media and peer-to-peer fundraising tools. Include social sharing buttons on your donation confirmation and thank you pages, in your thank you letters, and in follow-up emails. Provide copy and paste or pre-programmed messages to allow your donors to easily spread the word. Since enthusiastic supporters are often your best spokespeople, let their passion create a wave of donations by teaching them how to set up a fundraising campaign with a peer-to-peer fundraising page.Collect the Data You’ll Need in 2016As you reach out to donors this giving season, set yourself up for success by tracking and recording your results along the way: from email open rates to donation history. You’ll learn what’s working and what’s not, and you’ll pave the way for a strong retention strategy because you’ll know exactly how you should talk to each type of donor that comes in the door. Your best bet is to have an easy-to-use donor management system in place to collect this information in December, which will enable you to quickly analyze and act on that information in January. Don’t have a donor management system that makes your life easier? We can help. Schedule a personal tour today.Have a Solid Donor Stewardship PlanTurn first-time or casual givers into repeat donors by sending them a warm, timely thank you letter, and then keep them up to date on the impact of their donation. Stay in touch so that they feel like a true part of your community and can relive the helper’s high over and over again. When donors know their gift was appreciated and made a difference, they’ll be more likely to give again. Of course, these efforts will also help you keep your current loyal donors devoted for years to come.
Posted on November 2, 2012August 15, 2016Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to email this to a friend (Opens in new window)Click to print (Opens in new window)Recently, the Guardian’s Global Development Network posted an article, Developing world gains open access to science research, but hurdles remain, that describes the rise in commitments from various groups to ensure that their research is openly accessible to all. The article also explores the many persistent barriers to increasing open access publications around the world.From the story:These are heady days for supporters of open access (OA), who argue that the results of publicly-funded research should be made freely available to all, not just those who can afford subscriptions to the scientific journals in which they are published.Earlier this year, the World Bank announced that it would adopt an open access policy for all its research outputs and “knowledge products”, which will be entered into a central repository to be made freely accessible on the internet.Last month, the British government said that, in future, it will require all the research it funds in British universities to be made openly accessible, with authors paying publishers a fee (funded out of research grants) to make this possible – a position already adopted by the influential Wellcome Trust. The move was rapidly followed by an announcement from the European commission that the same rule will apply to all commission-funded research.The UK’s Department of International Development recently announced all its research will be made freely available. And publishers such as BioMed Central are pioneering open access journals in developing regions such as Africa.Read the full story here.Share this: ShareEmailPrint To learn more, read:
Fundraising events take a fair amount of money to produce, and it’s easy to spend more money on the event that it actually raises. There are a number of ways to keep this from happening (like setting a realistic budget and fundraising goal and having a data-backed plan to boost donations), but one of the most efficient ways to ensure your event is a net financial gain is through corporate sponsorships.So, how do you get corporate sponsors to support your event?Step 1: Identify prospects.To start, ask yourself: which companies should be targeted as sponsors? Ideally, you’d like sponsors that fit well with your mission, and whose target markets overlap the demographics of your guests. In other words, the people attending your event would also be likely to support your sponsors.Leverage your board’s personal networks and see if anyone has any connections that might be a good fit. Ask board members if they’d be willing to contact these companies directly, by signing the proposal letter and making a follow-up phone call after it’s been sent.Another method of finding potential sponsors is looking at your competitors. Which companies are sponsoring their events? Who are the competitors of those companies? It helps to check out event pages and websites to find out what kind of publicity your competitors are giving their sponsors.Step 2: Find out what matters to them.If you want to win over a sponsor, you need to speak their language. Formulate your approach with one question in mind: What’s in it for the sponsor?A corporate sponsor is looking for benefits like a new business, more customers, a halo effect with their customer base to encourage brand loyalty or visibility. When you approach prospective sponsors, listen more than you talk, and ask them about their goals and priorities. Then, show how it’s a big benefit to them to be in front of your audience.Chris Baylis at www.sponsorshipcollective.com has five great questions to ask potential sponsor:Who is your target audience?How do you normally engage in sponsorship?What does your target market value?What are your sales goals for the coming year?What would you consider to be the most important elements of a sponsorship proposal?While you’re communicating with various organizations, make sure you’re tracking your interactions. Use your donor management system to create an organization record for every company you approach. If you can’t easily track organizations in your current donor database, talk to us about switching to a system that gives you the option to make a company record.Step 3: Make them a winning offer.With all this background information, you’re ready to formulate a compelling proposal. First things first, your job is to sell the benefit to the sponsor. The cost of that benefit is your sponsorship package. Think of this way:Event Package + Promotional Package + Donation = Sponsorship PackageThat means you should lead with “Here’s what we can do for you – let’s make this win-win happen together,” not “Here’s our sponsorship package – please support us.” You need to demonstrate the value to them.So, how much should you actually charge your sponsors? A lot of it will depend on what you learn from your conversation with them. Also, get to know the market by looking at the competition. What do similar organizations in your region charge?Then, consider your own event. How many people will be attending your event? What kind of exposure can you offer for your sponsors? The answers to all of these questions can help you come up with a fair dollar amount.As you’re working to win over your sponsor, make sure you’re clear on what their role will be. It’s critical to establish clear parameters that are ethical and appropriate from the start.Once your sponsors have agreed to support you, follow-up with a contract – and create a plan to make you both successful. Involve the sponsor in planning and promotion so they feel like an integral part of your event – and so your event feels like part of their overall outreach strategy. The deeper the thought you put into the partnership, the deeper the partnership will be.Not only are corporate sponsors great partners for funding your event, but they lend your event more reach and recognition within your network. Knowing that a well-reputed business supports your cause gives your organization legitimacy in the eyes of a potential attendee or donor. Take advantage of this strategy for the long-term with your organization. Your sponsor’s for-profit savvy and business sense can be a powerful tool beyond your upcoming event.
“A goal without a plan is just a wish.” ― Antoine de Saint-ExupéryEmbarking on a new year—whether it’s a calendar or fiscal year (or both!)—is always an opportunity for a fresh start. After all, that’s why resolutions are written at the start of a new year. New year. New goals. It’s the same with writing a development plan for your nonprofit, which you can think of as a business plan for fundraising. It helps you develop the discipline of looking at what you’ve done well and where you need to improve, setting your sights for the year ahead, and mapping out what you will do to reach your goals. Simply put, it translates your wishes to goals.Let’s pause for a moment to think about the 30,000-foot view. Fundraising is not just about raising money. The core of our work as fundraisers is as relationship architects between our organizations and the donors who currently or, we hope will eventually, support us. Our goal is to create two-way conversations that are not transactional or circular exchanges of asking and receiving money. We know this isn’t sustainable in the long-term. A development plan is more than just a set of lists, calendars, and activities. It’s a strategic compilation of all the ways you can connect and communicate with your donors which, if done effectively, leads to increased revenue. It’s a competitive market out there. There are 1.8 million nonprofits in the US with about 75,000 new ones registering with the IRS each year. If you feel like the room is getting crowded, so do our donors. What makes the difference to them is if they feel valued by you and connected to your organization. If not, they’ll go somewhere else to give.So, your development plan should focus on four key areas:1. Balancing your portfolio:If your funding generally comes from one source more than others, it’s time to think about how to rebalance things. This might mean looking at how to welcome more individual donors instead of relying primarily on foundations and/or corporations. It could also mean thinking about others ways to build donor relationships besides the one major gala or one major direct mail appeal you do each year. Putting all your eggs in the proverbial basket is not sustainable.2. Setting the stage for major gifts:Every organization no matter how small can, and should, be raising major gifts. A successful major gifts program does not focus on high net-worth individuals with no connection to your organization. In fact, you probably already know who your major (current and potential) donors are. Your next major gift will likely come from one of these donors who has the capacity and who has been supporting you for a long time (and not at particularly high levels) and may also have been involved as a volunteer. Carving out a little time for more personal interactions with these donors will help you qualify those who can make larger gifts down the road.3. Creating greater donor engagement:It’s easy to become complacent and think that just because donors have chosen to invest in our cause, they will unconditionally support us and that when we ask again they will give. Nonprofits on average lose more than 60% of their donors each year because they haven’t figured out the right way to connect with their donors. Good donor engagement involves a regular calendar of touchpoints, updates, and communications that highlights stories of successes, progress, results, and even failures and challenges. Donors want to see, feel, and touch the impact their gifts are having. They want a donor relationship and an exceptional donor experience. You are most likely already doing it without defining these activities in that way: annual reports, newsletters, special webinars hosted by your key program leadership, holiday and birthday cards are all examples of ways to leverage communications to enhance your relationships with your donors.4. Laying the foundation for tomorrow:Without question, your limited bandwidth should be focused on donor retention because once you lose the donors who already opted to give to you, it’s hard to get them back. That said, it is still important to plant the seeds for the next pipeline of donors to your organization. The best potential new donor names are people who self-identify in some way or who are connected in some way to you. Perhaps it’s through a sign-up on your website, following you on social media, attendance at an event, or a visitor book if prospective donors can visit your facilities. This is also a way board members and other volunteers can play a key role in introducing your organization to their networks. Every follower, volunteer, and the new name that crosses your doorway should be considered a potential investor in your work. Welcome them.For more thoughts on how to propel your nonprofit forward, download our free Fundraising Plan eGuide or hire Network for Good personal fundraising coach to Building Stronger Donor Engagement and Raising More Money, as we explore this topic in greater detail.
South Africa63.3% (2003) CountryEpisiotomy rate (year) Philippines63.7% (2005) India45.0% (2003) China44.9% (2002) ShareEmailPrint To learn more, read: High episiotomy rates have been reported elsewhere, such as in Oman, Tibet and in several countries in Central and South America.In settings where episiotomy rates have declined over time, socioeconomic, geographic and racial disparities persist. In the United States, for example, the national episiotomy rate decreased from 25% in 2004 to 14% in 2012. However, episiotomies are more common among white women compared to black women, among women with private insurance compared to those with Medicaid and in urban hospitals compared to rural ones. Other research has found that certain types of health care providers are more likely than others to perform episiotomy.The way forwardWhile episiotomy can be beneficial in some cases, extremely high rates in many settings across the globe indicate overuse. Additional research to estimate the ideal population-level rate may help countries and facilities adjust their practices according to a specific evidence-based target.When an episiotomy is necessary, it is crucial that the procedure be performed in a way that maximizes outcomes for the mother and infant. Some research has found variation in episiotomy technique, which may be a result of inconsistent international practice guidelines.Ensuring that women are involved in the decision-making process in the event that an episiotomy might be needed is also critical. Performing an episiotomy—or any other intervention—without a woman’s informed consent is a violation of her right to respectful maternity care. Addressing the non-evidence-based use of episiotomy is key to improving maternal health and women’s birthing experiences worldwide.Key papersSelective versus routine use of episiotomy for vaginal birthCochrane Database of Systematic Reviews | February 2017Episiotomy rates around the world: An updateBirth | August 2005Outcomes of routine episiotomy: A systematic reviewJournal of the American Medical Association | May 2005Routine vs selective episiotomy: A randomised controlled trialThe Lancet | December 1993Practice bulletin no. 165: Prevention and management of obstetric lacerations at vaginal deliveryObstetrics & Gynecology | July 2016—Check out the Maternal Health Task Force (MHTF)’s mini-series, “The Global Epidemic of Unnecessary Cesarean Sections.”Part 1 | Part 2 | Part 3Watch the webcast from “Too Much Too Soon: Addressing Over-Intervention in Maternity Care,” a discussion that took place in April 2017 as part of the Advancing Dialogue in Maternal Health Series.Subscribe to receive new MHTF blog posts in your inbox.Share this: Iran79.2% (2012) Thailand91.8% (2005) Indonesia53.5% (2005) Posted on May 30, 2017May 30, 2017By: Sarah Hodin, Project Coordinator II, Women and Health Initiative, Harvard T.H. Chan School of Public HealthClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to email this to a friend (Opens in new window)Click to print (Opens in new window)Episiotomies—incisions made between the vagina and anus during childbirth—have long been a topic of debate among clinicians, researchers and advocates. Outdated clinical guidelines previously recommended the routine use of episiotomy to avoid natural vaginal tearing. Over the past two decades, a growing body of literature and increased advocacy efforts have led to a general consensus that episiotomy should not be conducted as a standard practice. Nevertheless, in many parts of the world, the majority of women still undergo episiotomy during childbirth.Current state of the evidenceEpisiotomy can be protective for women under certain circumstances. For example, a study based on data from several facilities in sub-Saharan Africa concluded that episiotomy was protective against anal sphincter tears and postpartum hemorrhage among women who had undergone type 3 female genital mutilation. However, used inappropriately, it can be detrimental to women’s health.A recent Cochrane systematic review examining the evidence on selective versus routine episiotomies for vaginal birth concluded:“Overall, the findings show that selective use of episiotomy in women (where a normal delivery without forceps is anticipated) means that fewer women have severe perineal trauma. Thus the rationale for conducting routine episiotomies to prevent severe perineal trauma is not justified by current evidence, and we could not identify any benefits of routine episiotomy for the baby or the mother.”Despite this recommendation, health workers sometimes encounter institutional barriers that pressure them to perform the procedure. Fear of a woman developing a third or fourth degree perineal tear and a lack of proper training can also contribute to high episiotomy rates.Global trends and disparitiesThe data on global episiotomy use are limited, especially in countries with weak health information systems. However, a paper from the 2016 Lancet Maternal Health Series reported prevalence estimates for several middle-income countries based on the most recent available data: Malaysia46.0% (2005)
New Delhi: Congress leader Priyanka Gandhi Vadra attacked the government on Friday over an RBI report showing bank frauds have gone up by 15 per cent year-on-year in 2018-19, asking who is the guarantor allowing such “big bank frauds”.The number of cases of frauds reported by banks saw a jump of 15 per cent year-on-year basis in 2018-19, with the amount involved increasing by 73.8 per cent in the year, the Reserve Bank of India’s annual report showed. Also Read – Uddhav bats for ‘Sena CM’In FY19, banking sector reported 6,801 frauds involving Rs 71,542.93 crore as against 5,916 cases involving Rs 41,167.04 crore reported in 2017-18. “Country’s biggest banking institution RBI is saying that bank frauds are increasing right under the nose of the government. In 2018-19, this theft has increased,” Priyanka Gandhi said in a tweet in Hindi. “Banks have been duped of Rs 72,000 crore. But, who is the guarantor who is allowing such big bank frauds to occur,” the Congress general secretary asked. Also Read – Farooq demands unconditional release of all detainees in J&KCongress’ chief spokesperson Randeep Surjewala also hit out at the government over the rising number of bank frauds. “‘Loot & Scoot’ in ‘New India’ as a complicit BJP govt looks the other way and common man is taxed!” he said. Congress urges govt to declare financial emergency in countryNew Delhi: The Congress on Friday demanded that a financial emergency be declared in the country and a white paper be released on the “shrinking economy and rising frauds”. Congress spokespersons Jaiveer Shergill and Gaurav Vallabh accused the BJP government of destroying the credibility of the country’s economy and banking system and demanded that it should declare the names of wilful defaulters, along with the details of their non-performing assets (NPAs). “The Congress demands that a financial emergency should be declared in the country,” Shergill told a press conference here. “We reiterate that the BJP government should release a white paper on the shrinking economy and rising frauds,” he said. “It is getting clearer by the day that the country is heading towards a major recessionary phase. This is a classic case of recession under expansionary trends, as whenever there are three continuous quarters of growth recession (reduction in growth quarter-on-quarter), the chances of slipping into a full-blown recession are significantly higher,” Vallabh said. He added that once the June 2019 quarter numbers were announced, it would be clear that India was witnessing a reduction in growth for five consecutive quarters. Vallabh said the problems that this phenomenon put forth were that natural recovery did not occur and the country had to solely rely on monetary policy actions, while the short-term stimulus remained short-term and only helped in assuaging wounds. “The questions we want to ask the government are what is its response to the prolonged reduction in growth? Does it have any clue of what is actually wrong and who’s responsible for the same,” Shergill said. As a responsible opposition, the Congress wanted the government to immediately issue a white paper on the state of economy, he added. “Rather than a band-aid approach, we want substantial solution to this state of the economy,” the Congress spokesperson said, wondering why the government would not accept that the country was witnessing a recession and it would only be revived when a private and public investment cycle would start in the economy. Shergill alleged a “systematic decimation of the economy” with a worsening distress in the farm sector, factories and finance, adding that only frauds, fake promises and aggression on the system were rampant in the country under the Bharatiya Janata Party’s (BJP) rule. He also alleged that frauds in the banking system shot up by 74 per cent to Rs 71,543 crore in the 2018-19 financial year, compared to frauds worth Rs 41,167 crore committed in the 2017-18 financial year. “RBI data has revealed that 27,125 cases of bank frauds of a whopping Rs 1.74 lakh crore (Rs 1,74,753 lakh crore) were reported in the past five years. Is this amount similar to recapitalisation of banks? Why, suddenly now, so many cases of frauds are out? Is it an indirect way of looting taxpayers’ money?,” the Congress spokesperson asked.