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Arun Jaitley Releases FLO Gender Parity Index

Says India is now willing to reform to meet the desires of an aspirational society that wants change

Union Minister For Finance and Corporate Affairs Arun Jaitley has released the ‘Gender Parity Index, A Tool Kit to Evaluate Gender Diversity & Empowerment of Women in the Formal Sector in India’ at the 33rd Annual Session of FICCI Ladies Organisation (FLO) in the presence of a large gathering of FLO members in New Delhi.

The holistic Index, compiled by FLO and Thought Arbitrage Research Institute (TARI), measures where an organisation stands vis-à-vis others while presenting a step-by-step guide to achieve higher levels of gender parity in different dimensions. It is designed to encourage change in the way organizations think and work and in the process provide women with unprecedented opportunities, promote economic empowerment and provide tools to tackle new challenges.

While inaugurating the session, Vinita Bimbhet, President, FLO said, “Gender equality is intrinsically linked to sustainable development and is vital to the realization of human rights for all. The overall objective of gender equality is a society in which women and men enjoy the same opportunities, rights and obligations in all spheres of life.”

Speaking at the 33rd Annual Session of FICCI Ladies Organization (FLO), Jaitley said the pre-1991 India was controlled where businesses manufactured what they were advised to produce. After that, India has seen the growth of an aspirational society where there is a yearning amongst people to unleash their creative capacities. Jaitley, however, struck a note of caution.
Speaking about ‘FLO Gender Parity Index’, Bimbhet added, “A number of global indices focus on empowerment of women and gender parity. However, most of them look at the subject from a macro view; almost all quantify the dimensions of control over resources and outcomes. None address gender parity at a micro level in the formal sector.”

Jaitley also gave away The ICON Awards to eminent personalities, who have not only contributed towards sustainable economic development of the nation but have also made women empowerment a success by playing exemplary role in creating successful women in various fields. The awardees were Shobhana Bhartia, Chairperson & Editorial Director, Hindustan Times Group; Anita Dongre, Fashion Designer & Founder - House of Anita Dongre; Renu Sud Karnad, Managing Director, Housing Development Finance Corporation; Farah Khan, Director, Producer, Actor & Choreographer; Dr Prathap C. Reddy, Founder,Chairman, Apollo Hospitals Enterprise Limited and Mahavir Singh Phogat, the man who inspired the film ‘Dangal’, Olympic Coach, Wrestler and Dronacharya Awardee.

It is to be mentioned that FICCI Ladies Organisation (FLO) has developed this first-of-its kind index to measure the extent of gender parity in the formal sector. It is a broad and holistic index which will assess where an organisation stands vis-à-vis other equivalent or comparable formal sector organizations.

Later, the recipients of The Iconic Awards shared their journeys and ups and downs that came their way. The endeavour was to spread their stories to inspire and give hope and strength to those wanting to walk that path. FLO aims to actively support women entrepreneurs via its 15 Chapters spread all over the country.

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