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ECONOMY
Yunus seeks common passport for South Asia
 
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NEW DELHI, JAN 31:  With a view strengthen cooperation in the South Asian region, Nobel Laureate Muhammad Yunus has urged Prime Minister Manmohan Singh to initiate the proposal of a common passport for the people of the region.

Speaking to FE Yunus said : ‘‘Fighting poverty in South Asia is biggest challenge. This region has great potential to emerge as the world’s strongest economy, particularly in human resources. If the there is a common passport for the region, it would help greatly in fostering people to people cooperation.’’ Yunus also suggested to the PM to initiate reforms in the South Asian Association for Regional Cooperation (Saarc).

He also suggested that the countries in the region should make enactments to recognise the existence of social business. ‘‘Social business is that where an investor invests money for public good, without expecting monetary dividend. The investor would, however, be allowed to take back his invested capital after successful operation of the enterprise,’’ he said.

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