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Wipro’s Azim Premji most generous Indian, donates INR 220 million daily!

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BY S VENKAT NARAYAN

Our Special Correspondent

NEW DELHI, November 13:

IT major Wipro’s Azim Premji donated INR220 daily, or INR 79.04 billion in a year and emerged as the most generous Indian in 2020.

Premji pipped HCL Technologies’ Shiv Nadar, who had earlier topped the list collated by Hurun Report India and Edelgive Foundation, by a wide margin. Nadar’s donations stood at INR 7.95 billion for FY20 as against INR8.26 billion in the year-ago period. Premji had donated INR 4.26 billion in the previous fiscal.

Richest Indian Mukesh Ambani of Reliance Industries retained the third spot among the list of givers by donating INR4.58 billion as against INR4.02 billion a year ago, it said.

The raging pandemic had the corporate honchos repurposing their donations to fight the COVID infections, and the top giver on this turned out to be Tata Sons with a INR15-billion commitment, followed by Premji at INR11.25 billion, and Ambani at INR5.10 billion.

A bulk of the corporate commitments seemed to be given to the PM-CARES Fund, with Reliance Industries committing INR5 billion, and Aditya Birla Group donating INR4 billion, the report said. It can be noted that Tatas’ commitment also includes a INR5 crore donation to the fund newly created by Prime Minister Narendra Modi to battle the coronavirus pandemic.

Premji’s generosity pulled the total donations up by 175 per cent to INR120.5 billion in FY20, the list said.

Azim Premji Endowment Fund owns 13.6 per cent of the promoter’s shareholding in Wipro and has the right to receive all money earned from promoter shares, the report said.

The number of individuals who have donated more than INR100 million increased marginally to 78 from the year-ago period’s 72, the report said.

With a donation of INR27 million, Amit Chandra and Archana Chandra of ATE Chandra Foundation are the first and only professional managers to ever enter the list.

The list has three of Infosys’ co-founders with Nandan Nilekani (INR1.59 billion), S Gopalkrishnan (INR500 million) and S D Shibulal (INR32 million).

The list of 109 individuals who have donated over INR50 million has seven women, led by Rohini Nilekani with INR470 million.

Education is the highest beneficiary sector with 90 philanthropists, led by Premji and Nadar, together donating INR93.24 billion, the report said. Healthcare came second with 84 donors and was followed by disaster relief and rehabilitation with 41 donors.

Mumbai, the financial capital, led by donor count at 36, followed by New Delhi at 20 and Bengaluru at 10.

E-commerce firm Flipkart’s co-founder Binny Bansal was the youngest donor at 37 with a commitment of INR53 million and the average age of the donors on the list was 66 years, it said.

 

 



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FSP asks govt. to pull out of defence deal with India

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Pubudu Jagoda

The Frontline Socialist Party (FSP) yesterday demanded an immediate termination of what it called a “secretive and dangerous” defence agreement signed between Sri Lanka and India, during Indian Prime Minister Narendra Modi’s 05 April visit.

Addressing a press conference at the party’s headquarters in Nugegoda, FSP Education Secretary Pubudu Jagoda described the agreement as a “betrayal of the nation” and a “crime against the people,” urging the government to invoke Article 12 of the deal and exit it with the required three months’ notice.

Jagoda said the document, which surfaced on social media after being published by a news portal, appears to be the actual agreement signed between the two countries. “The government has not denied its authenticity. That silence is telling,” he said.

Jagoda added that the agreement bears the signatures of Sri Lanka’s Defence Ministry Secretary Sampath Thuiyakontha and Indian High Commissioner Santosh Jha.

“What’s most troubling,” Jagoda warned, “is that both governments attempted to keep the agreement under wraps. Unlike the 1987 Indo-Lanka Accord, which was made public with all annexures, this agreement was hidden from the people, and even now, we don’t know how many other agreements exist between India and Sri Lanka.”

Jagoda said that a Right to Information request made on 04 April was met with a reply from the President’s Office stating that it had no copies of the agreement—raising serious concerns about transparency, even at the highest level. “One could question whether the President has seen it because his office does not have it,” Jagoda said.

The 12-clause of agreement reportedly covers areas such as exchange and training of military personnel, defence industry collaboration, classified information protection, and military medical services, including battlefield healthcare and telemedicine.

Jagoda said the definition of “classified information” in Clause 7 was alarmingly broad. “It allows India to label virtually anything as secret. Even weapons or military assets transferred under this agreement cannot be revealed—not even after the agreement ends,” he said, citing Clause 7.3.

Clause 10 prohibits either country from taking disputes to international courts or involving third-party mediators. “It’s like asking a rabbit to negotiate with a tiger,” Jagoda quipped, drawing parallels to the complications of the 1987 accord, which eventually saw Indian peacekeeping troops refusing to leave until a change in the Indian government.

Jagoda accused the NPP-led government of hypocrisy, pointing out that the JVP, the main component of the current regime, had vehemently opposed Indo-Lanka Accord in 1987. “Now they’ve gone and signed an even more dangerous deal,” he said.

Citing Clause 12, which allows either party to withdraw with three months’ notice, the FSP called on the government to act immediately to exit the pact. “We urge the people to unite and defeat these underhanded, sovereignty-eroding deals. The FSP stands ready to lead that fight,” Jagoda said.

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Police crush protest, arrest student activists

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Police arresting protesters in Colombo yesterday. (Photo credit Derana)

The police yesterday arrested a group of students, including the Convener of the Inter-University Students’ Federation (IUSF), Madushan Chandradith, during a protest held by the Allied Health Science Graduates’ Union in front of the Health Ministry yesterday.

The police obtained an order from Maligakanda Magistrate’s Court, earlier in the day, to prevent protesters from invading the Colombo Hospital Square and the Health Ministry.

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Deshabandu faces misconduct probe on Monday

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Inspector General of Police T.M.W. Deshabandu Tennakoon is set to face formal questioning on Monday (19 May) over serious allegations of misconduct and abuse of power, parliamentary sources said yesterday.

A special Committee appointed to investigate the claims will commence formal proceedings next week, following several rounds of preliminary discussions held within the parliamentary complex in recent weeks.

The IGP has been officially notified to appear before the Committee and is expected to face the inquiry for the first time at 2:00 PM in Committee Room No. 8.

The Committee, which met again on Thursday (15) to finalise arrangements, is investigating allegations that Tennakoon misused his official powers in a manner deemed severe and improper.

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