Azim Premji commits Rs 1,000-cr more for covid fight, says promoting students to next class 'worst thing'

News Network
July 6, 2021

IT major Wipro's philanthropic arm has committed an additional Rs 1,000 crore of grants over and above the Rs 1,125-crore support it had announced in the early days of the pandemic last year, its Founder Chairman Azim Premji said on Tuesday.

The additional grant will be directed primarily on universal vaccination, Premji said while speaking at the foundation day event of the Bombay Chartered Accountants' Society.

In the early days of the pandemic last year, Wipro had announced a Rs 1,125-crore aid for the pandemic, which also included converting its facilities at Pune into hospitals.

"As our work as well as our situation evolved, we realised that focus on universal vaccination was just as important as other initiatives. So, we have added that as a key element of our Covid-19 relief strategy, and committed an additional Rs 1,000 crore for it," Premji said.

Terming the pandemic as a once-a-century event that led to a resolve to fight it with all the resources at disposal, Premji said a comprehensive set of plans was drawn up in the early days itself to tackle both the humanitarian and health aspects.

Grassroot teams were organised consisting of 1,600 full-time employees of the Azim Premji Foundation, 55,000 employees working for its partners, 10,000 teachers and 2,500 alumni of the Azim Premji University.

Premji, who has committed almost his entire wealth of over $80 billion to philanthropic initiatives with a special focus on education, appeared to be strongly against the idea of promoting school students to the next class and stressed that adequate attention needs to be paid to the lost schooling days.

"The worst thing that we could do is to ignore the past one and a half years and just keep promoting children to the next class without helping them to learn what they should have learnt. We can create an enormous deficit which can never be filled up otherwise," he said.

Even as the education system grapples with how to go forward, Premji suggested a graded approach that involves having classes in open areas in neighbourhoods, vaccinating teachers and re-engineering education programmes to ensure that the schooling time lost over the past one and half years is made up.

Premji said the foundation's efforts have helped 83 lakh people in rural communities and the most vulnerable pockets regain their livelihoods through field interventions like seed and fertiliser supply for farmers, and working capital for poultry farmers and handicraft industry.

He said collaborating with the government is important for extending aid deep into the country and added that if one has the required skillsets, the state will "meaningfully" collaborate.

The industry doyen, who now devotes full time to his social sector activities, said his mother who ran a hospital for children and Mahatma Gandhi, who advocated a trusteeship model for wealth, have been his greatest inspirations to take the plunge into philanthropy.

Premji exhorted everyone to start giving earlier in their lives, terming the late start to philanthropic activities in his life as a "regret".

"It is only when we come together in this way we realise the dream of a just, equitable, humane and sustainable society as envisioned in the Indian Constitution," he said.

He asked everybody to go into the real world, get their hands dirty and witness the inequities, injustice and lack of basic dignity in the society first hand to get moved by the contrasts and do some good for the society.

"It is not possible to be emotionally detached. Being empathetic and emotional makes much good happen in this world. Please be moved by it," Premji said.

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News Network
January 6,2025

Bengaluru: An eight-month old baby has been detected with the human metapneumovirus (HMPV) in a Bengaluru hospital on Monday, with reports going viral online. This is likely the first reported case of HMPV in the country after the recent spike in China.

The baby is reportedly undergoing treatment in a private hospital in northern Bengaluru.

The Karnataka state health department has maintained that there is no cause for concern.

"We don't know what strain of virus is spreading in China. Without knowing that, we cannot say that this reported case is concerning. We have been reviewing all influenza-like illnesses (ILIs) from December to check for any strain that is concerning. There is no such concerning spike across the state or country," said a well-placed source in the state health department.

The HMPV is a known virus (first discovered in 2001) that causes respiratory symptoms similar to that of a common cold, largely affecting children below the age of five. It is not a new virus.

Cases have been reported in the past, especially in the winter season, note experts and health department officials, making it not an immediate concern, unless an unusual spike is observed.

In December 2024, 714 suspected cases of HMPV were tested in 16 Virus Research and Diagnostic Laboratories (VRDLs) across the country, of which only nine were confirmed positive.

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News Network
January 9,2025

Mangaluru: In a significant development, Mescom has proposed a phased electricity tariff hike starting with Rs 0.70 per unit for the fiscal year 2025-26. The proposal has been submitted to the Karnataka Electricity Regulatory Commission (KERC) for approval, signaling a potential increase in electricity costs for consumers.

Mescom emphasized that the current tariff structure is insufficient to meet operational expenses and manage revenue effectively. To address this, the company has invited public objections to the proposed hike.

Currently, the electricity supply cost is Rs 9.23 per unit, while the consumer tariff stands at Rs 8.53 per unit, leading to a shortfall of Rs 0.70 per unit. For the financial year 2023-24, Mescom reported revenue of Rs 5,924.73 crore against an expenditure of Rs 6,310.39 crore, resulting in a deficit of Rs 367.66 crore. For the 2025-26 fiscal year, projected revenue is Rs 5,850.81 crore, with an actual requirement of Rs 5,961.63 crore, creating a deficit of Rs 110.82 crore.

In a first, Mescom has submitted a multi-year tariff revision proposal to KERC. The plan outlines a hike of Rs 0.70 per unit for 2025-26, followed by Rs 0.37 per unit for 2026-27 and Rs 0.54 per unit for 2027-28.

"An increase in electricity tariff is inevitable," stated Jayakumar R, Managing Director of Mescom. "Mescom has submitted a proposal in this regard to KERC."

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News Network
January 13,2025

Udupi: A resident of Karkala in Udupi district has accused five individuals of defrauding him of nearly Rs 2 crore under the guise of business partnerships.

Dawood Hakim, a resident of Ennehole in Marne village, Karkala, has filed a complaint stating that he operated a mobile sales and service business on Karkala Market Road for 15 years. He had known the accused for over two decades and trusted them implicitly.

According to Dawood, the accused convinced him to invest in multiple business ventures, including land dealings and a travel business, promising substantial returns and partnership benefits. Believing their assurances, Dawood reportedly handed over cash, gold, and a vehicle.

However, the promised profits never materialized, and the accused allegedly failed to return the money or assets. Dawood claims this deception has caused severe financial distress to him and his family, amounting to a loss of around Rs 2 crore.

A case has been registered at the CEN police station, and investigations are underway.

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