Under this programme, selected students will receive an annual scholarship of Rs 30,000 for the full duration of their undergraduate course.
Premji, 70, who founded the Azim Premji Foundation, is among the nine philanthropists named recipients of the 2017 Carnegie Medal of Philanthropy in "recognition of their outstanding and innovative leadership in philanthropy."
With the latest action, the value of the philanthropic endowment corpus contributed by Premji is about $21 billion, which includes 67 per cent of the economic ownership of Wipro.
The honorary doctor of humane letters degree was conferred on Premji in recognition of his achievements as a 'renowned entrepreneur, global business leader and extraordinary humanitarian who has demonstrated a commitment to education and the well being of fellow citizens,' Wipro said. Premji is the second Indian recipient of this award. Nobel Prize winner Amartya Kumar Sen was awarded an honorary doctorate in 1995.
Life has many challenges. You win some and lose some. You must enjoy winning. But do not let it go to the head.
The Azim Premji Foundation, a not-for-profit organisation under whose aegis it is being set up, said on Wednesday the university would launch three courses in the first year of operation, to begin this July.
Azim Premji, chairman of IT major Wipro, was conferred the highest French civilian honour for his outstanding contribution to developing the information technology industry in India, his economic outreach in France, and his laudable contribution to society as a philanthropist through the Azim Premji Foundation and Azim Premji University
Software giant Wipro's Azim Premji donated Rs 9,713 crore or Rs 27 crore a day to retain his top rank among Indian philanthropists in FY21. Premji, the founder chairman of the company, increased his donation by nearly a fourth during the pandemic year, as per the Edelgive Hurun India Philanthropy List 2021, which had HCL's Shiv Nadar at second place with contributions of Rs 1,263 crore towards upliftment causes. Mukesh Ambani of Reliance Industries, India's richest man, came third on the list with a Rs 577 crore contribution and was succeeded by Kumar Mangalam Birla with Rs 377 crore.
Eight of the top 10 employers showed a double-digit growth in fixed capital. Only one out of 10 showed a double-digit addition in employment.
Digital, cloud, engineering services, and cybersecurity will drive Wipro's growth. 'Based on approval from the board, we have decided to step up our investments significantly in these four big bets,' Premji said in his last address as executive chairman.
'The possibility of Nitish Babu continuing at least for some time is very much there, but don't rule out the artistic possibility of a leadership change executed very elegantly.'
'This election was won because of Nitish Kumar's face and his policies.'
This will cost the government Rs 3.1 trillion, about 10 per cent of its annual expenditure, and higher than any other spending item in its Budget.
The growth target of 9 per cent is, in fact, not sustainable in the long run, Stiglitz said during a public lecture on 'Globalisation, Development and Inequality' organised by the Azim Premji University and Institute for New Economic Thinking in Bengaluru.
It is said Rishad had been on the lookout for an opportunity and was quite keen on joining Wipro. Like everyone else, he too had to send in his resume and as luck would have it, he managed to find a placement.
He is betting on emerging firms to generate ideas and build wealth through Premji Invest
In 2022-2023, 15.5 per cent of women were unemployed compared to 11.2 per cent in 2017-2018. For every one woman employed, 10 men got a job.
In a relatively rare occurrence, the growth in manufacturing jobs exceeded the pace of sector growth in 2022-23 (FY23). The number of persons engaged in the segment grew by 7.43 per cent in FY23, according to figures from the Annual Survey of Industries (ASI) released on September 30. The gross value added for the manufacturing sector grew by 4.24 per cent in current prices and declined by 2.2 per cent in real terms for FY23, according to earlier annual figures released by the government.
While other backward classes had a share of 9 per cent, there were no scheduled tribe billionaires.
India has managed to move a smaller share of its working-age population away from farm-related work than many of its neighbours. Bangladesh, Bhutan, Sri Lanka and Nepal managed to shift a bigger share of jobs to non-agricultural work than India, shows data from the year 2000 to 2023 the compiled from the World Bank's April South Asia Development Update report. Only Pakistan and the Maldives show a lower shift among South Asian peers.
Claims of a spike in poverty and inequality in India during the Covid-19 pandemic are patently false as such claims are based on uncomparable different surveys, according to a paper co-authored by eminent economist Arvind Panagariya. The paper also noted that inequality fell in the country during Covid years, both in rural and urban areas as well as nationally. Panagariya, Columbia University Professor and former vice chairman of NITI Aayog and Vishal More of Intelink Advisors, New Delhi have co-authored a detailed paper 'Poverty and Inequality in India: Before and After Covid-19'.
In new year message, Sikka warns staff of automation, Premji talks of Wipro's core values
India's unemployed, the report said, were mostly those with higher education degrees and the young.
Is it just the glamour?
A Parliamentary panel has asked the Ministry of Labour and Employment to use and reconcile the data and studies conducted by credible agencies with that of retirement fund body EPFO for depicting real picture of job loss in the country especially in the situation like COVID-19 pandemic. The pandemic had an impact on employment in the country as the economic activities slowed down due to lockdown restrictions imposed by central as well as states to contain the spread of deadly virus from March in 2020.
There is no substitute for hard work. I think the smartest people in life don't get ahead. It's the hard working people who do, says Rishad.
A report by the Azim Premji University showed that during the pandemic 270 million Indians were pushed into poverty. Meaning that they were not poor according to the government poverty line before, but have become now. Aakar Patel mulls on the state of the nation as the Modi government enters its eighth year.
India is also short of about a thousand colleges.
The state's joblessness is three times higher than the national average of 7.8 per cent.
'Wealthy Indians don't give as much as Americans because they believe they must leave their wealth to their children.'
These institutes, while expensive, are a viable alternative to studying abroad.
There has been an absolute decline in voters aged between 20 and 39, compared with 2018, and there has been a huge increase in voters aged over 50.
The survey showed that women workers fared worse than men when it came to employment recovery (53 per cent versus 57 per cent) and urban areas have been much worse hit despite a quicker bounce back.
Almost 63 per cent of the increased allocation of around Rs 1.01 trillion has been spent in the first five months of 2020-21.
'I realised I didn't have to wait for a spectacular event or a character to emerge. All stories of ordinary people, of your family, are extraordinary,' novelist Yasmeen Premji tells Aseem Chhabra/Rediff.com
The veteran leader is also expected to use his good offices in unifying the faction-ridden party in the state, ahead of assembly elections just six months away.
This makes him corporate India's biggest donor to society.
However, demand was still much higher compared to the previous years, underlining the scheme's vital role in providing employment to the rural poor, a vast majority of whom are migrants.
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