Azim Premji Foundation and Wipro Limited commits Rs 1,125 crore for coronavirus cause

Wipro Limited and Azim Premji Foundation have collectively dedicated INR 1,125 crore to sort out the coronavirus disaster. Azim Premji Foundation and Wipro Limited have come collectively to cope with the medical crises, minimise its human affect on the weaker sections of the society and in direction of a more healthy India, as per ANI sources. 

As per a press release by the businesses, ‘These sources will assist allow the devoted medical and service fraternity within the entrance line of the battle in opposition to the pandemic and mitigating its wide-ranging human affect, significantly on probably the most deprived of our society.’

Earlier a number of rumours had been doing rounds on social media that Azim Premji has donated INR 50,000 crores to charity. Nevertheless, it was later clarified by Wipro that no such donation has been completed by Azim Premji and the information doing rounds are deceptive.  On March 27, 2021, Azim Premji was trending on twitter motive being his donation of 50,000 crores amid coronavirus chaos (which was deceptive).

Nirmala Sitharaman publicizes Rs 1.7 lakh crore reduction bundle for poor: This is all it’s good to know

Azim Premji: Early Life, Schooling and Profession

Azim Hashim Premji was born on 24 July 1945 in Bombay (now Mumbai), India. His father was a famous businessman and was often known as Rice King of Burma. Premji has a Bachelor of Science diploma in Electrical Engineering from Stanford College. He’s an Indian enterprise tycoon, investor, engineer, and philanthropist, who’s the chairman of Wipro Limited. He’s informally often known as the Czar of the Indian IT Business. He was accountable for guiding Wipro by way of 4 a long time of diversification which emerged as one of many world leaders within the software program trade. He’s married to Yasmeen and has two youngsters:  Rishad and Tariq Premji. Rishad Premji is at present the Chairman of Wipro Limited. 

Azim Premji Foundation

Azim Premji Foundation was created in 2000 and is a non-profit basis. The Foundation has centered on bettering training in India, resulting in the institution of the Azim Premji College a decade after its founding. The purpose of the Azim Premji College is to alter the general public training system fairly than creating islands of excellence.

In 2014, Azim Premji Foundation began supporting not-for-profits by offering multi-year grants. Since then, the inspiration has supported over 150 plus organizations pan India. 

As per a press release by Azim Premji Foundation: “The Foundation’s in depth fieldwork in training has been in among the most deprived components of India, to assist contribute to the development of high quality and fairness of the general public (authorities) education system. All this work has been in shut partnership with varied State Governments. Presently, this fieldwork is unfold throughout Karnataka, Uttarakhand, Rajasthan, Chhattisgarh, Puducherry, Telangana, and Madhya Pradesh, together with some work within the north-eastern states of India.’’ 

Azim Premji signed ‘The Giving Pledge’ 

Azim Premji, India’s second richest man was the primary Indian to signal ‘The Giving Pledge’ began by American billionaires, Invoice Gates and Warren Buffet to commit not less than 50% of their fortune to philanthropic work. Premji gave away shares value nearly $7.6 billion as donations. 

Honoured by the Authorities of India

In 2005, the Authorities of India honoured him with the title of Padma Bhushan for his excellent work in commerce and commerce and he was awarded Padma Vibhushan within the 12 months 2011, the second-highest civilian award by the Authorities of India.

World’s largest contributor to philanthropic work

Within the 12 months 2019, Azim Premji was the world’s largest contributor to philanthropy. The identical 12 months, Azim Premji was additionally named as Asia’s most beneficiant philanthropist. Along with this, he has additionally topped the Forbes’ checklist of ‘The Largest Philanthropic Items Of 2019’. He has twice been listed among the many 100 most influential individuals by TIME Journal within the 12 months 2004 and 2011.

Repo Fee and Reverse Repo Fee: 7 key variations it is best to know

On the time of the coronavirus pandemic, Wipro Limited and Azim Premji Foundation have joined arms to sort out the pandemic and present medical assist to the deprived part of the society.  Nevertheless, beforehand a chunk of false information went viral claiming that Azim Premji has donated INR 50,000 crores amidst the coronavirus pandemic.