内容摘要：Thousands of people are expected to attend the festival's 20th year to see acts like Shed Seven, James and Doves perform.

Thousands of people are expected to attend the festival's 20th year to see acts like Shed Seven, James and Doves perform.

Another start-up that's hoping for similar success, is run by Bijayshanti Tongbram in the northeastern state of Manipur.She lives in Thanga village which is home to one of India's largest freshwater lakes, Loktak.

Here lotus flowers bloom in abundance."People in my village use the petals of lotus flowers for religious offerings. But their stems often go to waste and that's what I wanted to change and thought of doing something sustainable," she says.A botanist by profession, Ms Tongbram developed a way to extract silk-like fibres from the lotus stems and now leads a team of 30 women in her village who spin the threads into a yarn and weaves them into unique scarves and garments.

"It takes two months, and 9,000 lotus stems to make one scarf," she says.Ms Tongbram pays the women $80 a month.

"This isn't just about fashion. I am giving women in my village a chance to do something other than fishing and earn money," she says.

Like many small business owners, she wants to scale-up and find new markets, perhaps overseas.A former Liberal Democrat pensions minister, Sir Steve Webb, who is now a partner at consultants LCP, described the news as "truly a red letter day for pension schemes, their members and the companies who stand behind them".

"The government has clearly been bold in this area and this opens up the potential for this surplus money to be used more productively to benefit scheme members, firms and the wider economy," he added.One of Labour's first moves after taking office last year was the announcement of a pension review.

In November the chancellor floated her "megafunds" plan, which covers retirement savings for the majority of UK workers in two ways.Firstly, there are the 86 different local authority pension schemes, which provide for more than six million people in their retirement, the majority low-paid women. The £392bn in these defined benefit schemes will be merged in just six asset pools by March next year.