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<ul class="summary-list"><li>Quant giant D.E. Shaw has hired people from non-traditional finance backgrounds for decades.</li><li>The firm's head of recruiting told BI he looks for certain traits when hiring, including "learning agility."</li></ul>It was 2011, and Tim Willenken had just spent the past 12 years — four as an undergrad and eight in a doctoral program — preparing to be a philosophy professor.There was just one problem: He didn't want to be in academia anymore.He "had no idea where to start" looking for a job, knowing just about the professions he had been exposed to in graduate school — doctors, lawyers, and professors, he told Business Insider.To learn about what else was out there, he went through his Facebook friends list and called people working at companies in roles he hadn't heard of before. He eventually spoke to an old college friend he knew through debate club who had previously worked at D.E. Shaw."That was the first time I'd heard of the firm," said Willenken, a senior vice president in the D.E. Shaw's corporate development unit. "I think I'd had one conversation about what a hedge fund was when I applied." D.E. Shaw, started in 1988 by now-billionaire computer scientist David Shaw in New York, is remarkably secretive even for the guarded world of hedge funds, but what little has leaked paints the manager as being on the <a target="_blank" class="" href="https://www.businessinsider.com/first-half-quant-returns-from-de-shaw-two-sigma-renaissance-2024-7">cutting edge</a> of quant finance.While working at the $60 billion fund is now the goal for many finance-focused students at <a target="_blank" class="" href="https://www.businessinsider.com/de-shaws-summer-internship-recruitment-interview-tips-2023-4">top universities</a> and a destination for quants, the manager has also maintained its long history of hiring non-traditional talent. Early hires included crime fiction writer Charles Ardai and Amazon founder Jeff Bezos, and the manager now boasts on its website that employees come "by way of academia, Silicon Valley, or an NGO."Other hedge funds are also hoping to convince academics, technologists, and others to join their ranks instead of staying in their field or working in Big Tech as they grow and compete to have best-in-class talent rosters. These offers are not just down to compensation, which is handsome at hedge funds.The firm's head of recruiting, Jeremy Reff, a former English major at Harvard who has worked at the fund for nearly two decades, is in charge of continuing and improving on this tradition of non-traditional hires. While some who join D.E. Shaw may require additional training or a longer runway to get up to speed, he said, the return on these hires outstrips the costs."There are benefits to having a beginner's mindset," he said, and the firm's expansion into different investment strategy types, such as <a target="_blank" class="" href="https://www.prnewswire.com/news-releases/the-d-e-shaw-group-raises-combined-1-1-billion-for-two-new-funds-focused-on-private-market-opportunities-301746589.html">private investing</a> and discretionary global macro, can be attributed to the curious nature of these hires.  The reality, though, is that a lot of roles don't have exact equivalents to other parts of the industry, so people from outside finance are not on that much different footing as those with more traditional finance backgrounds, he said. "We are looking for traits and attributes more than one particular skill," he said.<h2 id="1ec22262-b503-4604-bafe-92fe9e0ecb78">Mentorship, prerequisites, and 'learning agility'</h2>While the firm is happy to invest ample time in training talented recruits, certain roles still require certain skills. For example, knowing how to program is a must if you're applying to be a <a target="_blank" class="" href="https://www.businessinsider.com/wall-street-top-technology-projects-goldman-blackstone-morgan-stanley-2024-8#d-e-shaw-s-generative-ai-approach-encourages-programmers-to-build-their-own-tools-4">software engineer</a>, Reff said.The firm's learning and development team is structured to get people up to speed on financial markets and where the firm sits within them. The rotational associates program lets new hires work for different teams in different roles so new employees can get a sense of where they fit best.The real learning happens on the job though."The only real way to learn is to get your hands dirty," Willenken said.Reff's job is to find people who can keep up. The interview process is designed to test potential at the firm, including creativity and "learning agility.""There are thousands of indicators for success that we use," he said. "No one is hired solely based on their résumé."   The firm used to consider <a target="_blank" class="" href="https://nymag.com/intelligencer/2019/09/david-e-shaw-college-donations.html">standardized test scores</a> as part of its hiring process but has phased them out over the last few years. "They aren't predictive of success," Reff said.The résumés are generally reviewed blindly, meaning names are not attached to the qualifications and experience.   The process has changed significantly since Reff was hired in 2006, two years after graduating from undergrad; he recalled speaking to his interviewer for a while about the Spanish novel "Don Quixote." Now, it's a more structured process, incorporating industry best practices with the firm's internal metrics and "secret sauce."  "We don't get it 100% correct, of course, and are always tinkering with it," he said.<h2 id="067dcf50-7ee4-431a-b455-7435b3922f71">Academics, doctors, and veterans</h2>The end result is that driven people find their place in the firm, one way or another. Ana Díaz Rivero, a quantitative researcher, "never had an interest in finance," but wanted to leave academia after getting her doctorate in physics.Her role allowed her to "continue pursuing academic research without being in academia," she said."A lot of the skills and tools we use are very similar. The principles behind how we do research are very similar," she said.For those who have joined the firm after working in a non-finance field, incorporating past abilities and skills into their current roles was a big selling point.For some, the biggest carryover from their former careers is habits they learned, like Lindsay Temes's military-trained punctuality and organizational skills. For others, like Dr. Omar Ali, a healthcare specialist on the fundamental equities team, there's more overlap.<div type="image" title="Lindsey Temes sits at a table, writing on a notepad" height="2667" width="4000" msid="114980202" hostid="261" sizebytes="1074078"></div>Temes, a vice president in the COO Group, spent more than a decade in the Air Force before leaving in 2018 to attend graduate programs at Harvard and MIT.As a Pat Tillman Foundation scholar, a program named for the late former football player-turned-soldier that covers veterans' education expenses, she was introduced to D.E. Shaw and found it was a place where she "would be valued and heard."  She overcame some initial hesitancy about financial services thanks to employees from non-traditional backgrounds who stressed that her role wasn't going to be "static."  A former doctor for the UK's National Health Service, Ali said that "the day-to-day is certainly different than working in medicine," but the jump to finance wasn't as daunting as it can seem from the outside.<div type="image" title="Dr. Omar Ali smiles while sitting in a conference room" height="1525" width="2000" msid="114980199" hostid="261" sizebytes="230880"></div>He said firms that focus on their employees' talents and not on fitting people into specific boxes make the transition easy."My real value is not my ability to navigate a balance sheet, it's my practical expertise in the field and my background," he said.<h2 id="900d026f-556a-4784-8b67-9629236daaba">Don't want to 'win' on compensation</h2>Hedge funds are known for paying their employees well, especially compared to fields like academia or government work.Job postings show positions such as a software developer making $200,000 a year, and a summer internship on the fundamental research team for college students is offering $18,000 a month in salary, plus overtime, along with a $10,000 signing bonus, a $10,000 housing allowance, and thousands of dollars in stipends for "self-study" materials and technology equipment.But Reff said, "I never want to win on solely compensation," and those who have joined from outside finance say they were drawn to the firm for a number of reasons beyond pay.Díaz Rivero and Ali knew of D.E. Shaw Research, a computational drug discovery company led by Shaw, which put the hedge fund on their radar. Willenken, the doctor of philosophy, appreciated that his role included the parts of academia he enjoyed most without the siloed approach academic research roles typically require.Timelines are tighter and there's more collaboration on the corporate development team, he said, and "the questions are a little more concrete than in philosophy." But he is using the same muscles to search for answers to questions that don't have easy answers.   "There's not a lot of low-hanging fruit. If there was an obvious answer, someone would have thought of it by now," he said.Reff has a shorthand he uses with potential recruits to describe the firm: "These are a bunch of people who really want to get things right."  "I think that's very attractive to people in a lot of different fields," he said.

Why quant giant D.E. Shaw seeks out academics, doctors, and veterans to work at the $60 billion hedge fund

<ul class="summary-list"><li>60 British FV103 Spartan armored personnel carriers were purchased in 36 hours through crowdfunding.</li><li>$6.5 million was raised for the hardly used equipment by Ukraine's Prytula Foundation charity.</li></ul>A fundraising appeal to purchase 60 armored personnel carriers for Ukraine raised $6.5 million within 36 hours.The <a href="https://www.facebook.com/prytulafoundation.org/">Serhiy Prytula charity foundation</a> launched the move to buy the FV103 Spartan APCs from the UK on Wednesday to help provide Ukraine with much-needed vehicles ahead of harsh winter conditions.The donors ranged from private individuals to big Ukrainian corporations and smaller firms.The hardly used vehicles until recently belonged to the British army and are currently stored in secret warehouses across the UK. They are said to have driven fewer than 10,000 miles, <a href="https://www.theguardian.com/world/2022/nov/03/a-joke-that-went-out-of-control-crowdfunding-weapons-for-ukraines-war">The Guardian</a> reported."The base is tracked, and due to that fact, it can move around in bad weather conditions because we have rain almost every day right now during the autumn season. It's going to start snowing soon, and the Spartans will be very good on the front line in the south of the country and especially in Donbas, where the heaviest fighting is going on right now," Maksym Kostetsky, the transport-direction coordinator at the Prytula Foundation, told <a href="https://www.theguardian.com/world/2022/nov/03/a-joke-that-went-out-of-control-crowdfunding-weapons-for-ukraines-war">The Guardian.</a>Serhiy Prytula, the founder of the charity and a popular Ukrainian TV presenter, <a href="https://prytulafoundation.org/en/projects/50-spartaniv">visited the UK to check on the vehicles</a> before beginning the crowdfunding.The British government previously donated 35 FV103 Spartans to Ukraine and they proved to be highly successful on the battlefield, The Guardian reported."We are the first organization that is going to actually procure them, not as a state, as a country, but as an NGO who would give them to the ministry of defense of Ukraine," Kostetsky told The Guardian.Since Russia began its invasion of Ukraine in February, a trend has emerged of citizens and corporations fundraising to help Ukraine's war effort. One unique example was an <a href="https://www.businessinsider.com/ukraine-women-selling-nudes-raise-money-troops-2022-6">OnlyFans-inspired group</a> that sold nudes that raised hundreds of thousands of dollars.The Prytula Foundation has also funded cars, drones, communication systems, and medical equipment.They helped secure $16 million to purchase three Bayraktar TB2 unmanned-combat aerial vehicles from Turkey, which have been <a href="https://www.businessinsider.com/how-turkish-baykar-tb2-drone-gave-ukraine-edge-against-russia-2022-9">effective for Ukraine on the battlefield</a>.Maria Pysarenko, the media manager at the Prytula Foundation, said they could often tap into public sentiments to raise money for the war effort, The Guardian reported.For example, the foundation channeled anger over Elon Musk's tweets about his ideas on <a href="https://twitter.com/elonmusk/status/1576969255031296000">how to end the war</a>."We decided, 'OK, people are so angry, and we can convert this anger into something helpful,'" Pysarenko told the paper. "And we announced a fundraiser to buy a history textbook for Musk on Twitter. And you know, in an hour, we had 1 million Ukrainian hryvnias donated to our accounts, and we're like, 'OK, so we have enough money, literally, to buy textbooks but also to buy a supply of radio stations for one unit.'"While some campaigns can be reactive, others can be long and complicated to plan, she said.Another source of fundraising from Ukraine has been its United24 platform launched by the President of Ukraine, Volodymyr Zelenskyy, which collects charitable donations for Ukraine.Mark Hamill, best known for his role as Luke Skywalker in the "Star Wars" film series, is a celebrity ambassador for the <a href="https://u24.gov.ua/">United24 initiative</a>. He has helped send at least 500 drones to support the Ukrainian war effort, he told <a href="https://www.bloomberg.com/news/articles/2022-10-19/-star-wars-actor-mark-hamill-s-campaign-sends-500-drones-to-ukraine?sref=KQPtNSUL">Bloomberg during an interview</a>.

A 36-hour crowdfunding burst funded 60 armored personnel carriers vital for Ukraine's winter warfare

<ul><li>The Indian <keyword id="6354977" type="ORGANIZATION" weightage="20" keywordseo="Supreme-Court">Supreme Court</keyword> granted a stay in the criminal proceedings against <keyword id="10456485" type="UNKNOWN" weightage="20" keywordseo="indian-billionaire-azim-premji">Indian billionaire Azim Premji</keyword> that were supposed to kick off tomorrow, on December 19. </li><li>Premji and four others have been accused of financial fraud and siphoning of funds to the tune of over ₹13,000 crore by the Indian Awake for Transparency NGO.</li><li>According to Premji, the complaints are motivated by personal vendetta under R. Subramanian who is using the NGO as a corporate façade to file frivolous litigation. </li></ul>Indian billionaire and founder of IT giant <keyword id="10862" type="CITY" weightage="20" keywordseo="Wipro">Wipro</keyword>, <keyword id="6419840" type="UNKNOWN" weightage="20" keywordseo="Azim-Premji">Azim Premji</keyword>, and his wife are facing allegations of financial fraud alongside two others. But, the Supreme Court has put a stay on the criminal proceedings against him and declared that Premji won’t have to physically appear in court on December 19. This comes after the Karnataka High Court dismissed petitions against the summons issued to Premji and four others for alleged criminal breach of trust and illegal transfer of funds. The case was registered after the Chennai-based non-governmental organisation (NGO) India Awake for Transparency accused them of illegally transferring funds from 3 different companies to a new company. “The issue is limited to amalgamation, your lords,” senior advocate AM Singhvi representing Azim Premji told the bench headed by SK Kaul. According to him, the allegations made in the complaints, even if they are taken at their face value and accepted in their entirety, do not prima facie constitute any offences or make out a case. Allegations of financial fraud against Azim Premji Premji, the IT czar of India, is generally lauded for being the man <a href="https://www.businessinsider.in/azim-premji-gives-more-the-charity-than-his-net-worth/articleshow/71306177.cms">who gave away half of his net worth to charity. </a> However, India Awake for Transparency accused Premji of siphoning away ₹13,602 crores from three shadow banks — Napean Trading &amp; Investment Company, Vidya Investment &amp; Trading Company, and Regal Investments &amp; Trading Company — in the form of gifts between 2010 and 2012. The three companies were eventually merged into a fourth privately-owned trust called Hasham Investment and Trading Company. This gave the accused control over the remaining assets of the company worth ₹31,342 crore and it’s been losing money ever since. According to the plea, filed by a businessman in Bangalore, these actions violate several sections of the Indian Penal Code (IPC) and Prevention of Corruption Act. Alleged violations under the Prevention of Corruption Act: <ul><li>Sections 34, 120B: criminal conspiracy</li><li>Section 34: acts done by several persons in furtherance of common intention </li><li>Section 409: criminal breach of trust </li></ul>A summons was subsequently issued by an Additional City Civil and Sessions Court in January. Premji, his wife, Yaseem Premji and Pagalthivarthi Srinivasan initially approached the Karnataka High Court with petitions questioning the summons. However, they were shortly dismissed. According to Premji, the complaints against him are motivated by a personal vendetta. He believes that India Awake for Transparency is being used by a man called R. Subramanian as a corporate façade to file frivolous litigation against him and his affiliates. Hasham had earlier taken Subramanium to court for loan default and dishonoured cheques. SEE ALSO:

Azim Premji heaves a sigh of relief — Supreme Court stays criminal proceedings against the Wipro founder for siphoning off crores

Casablanca (Morocco), Apr 12 (AFP) A small van zips through the streets of Casablanca to deliver food to single mothers, as economic paralysis caused by the coronavirus crisis puts pressure on Morocco's poor."We have to be quick," says Bouchra, a coordinator from NGO INSAF who is supervising the day's rounds.The lockdown to curb the spread of the COVID-19 disease, and a lack of work and money, are creating tensions in the working-class neighbourhoods of the country's economic capital.Each year, INSAF helps over 500 young women who have fallen pregnant out of wedlock -- viewed as a "sin" by a society marked by religious conservatism.The organisation usually supports the mothers with medical and psychological assistance, tries to mediate between them and their families and helps find jobs for the pregnant women.But that all changed when the coronavirus pandemic struck, with the first distress calls arriving some 15 days after the government declared a health emergency around mid-March."The epidemic touches everyone, but single mothers are the most vulnerable", INSAF head Meriem Othmani says."Their families reject them and they have to manage alone with their baby, without any support." The organisation phones a few minutes before the van's arrival to arrange a pick-up point on the street near the women's homes. It stops quickly, and the supplies are swiftly offloaded.At each stop, passers-by ask if they can receive assistance too.The single mothers try to avoid being noticed, ashamed of their social status and afraid of the envy of others."Thank you," murmurs Habiba before disappearing down an alley with two big bags of supplies."Many get by doing odd jobs in hairdressing, cleaning, or in the textiles industry or hospitality," INSAF's Latifa Ouazahrou says of the single mothers who have now found themselves without work or a safety net.More than three million people out of Morocco's population of 35 million inhabitants are poor, according to official statistics. The monthly minimum wage is around $260 while three-quarters of workers have no social security cover.The World Bank says around 10 million in Morocco could find themselves in difficulty as the pandemic hits and further pressure mounts due to a drought.In a large room normally used as a kitchen, INSAF teams fill bags with couscous semolina, lentils, potatoes, rice, oil, tea, flour, soap and sanitary products.A leaflet detailing virus protection measures is also included.Emergency deliveries also go to families in isolated hamlets in the central Atlas region, where a drought in the agricultural sector is exerting further pressure.State aid of up to 1,200 dirhams (around $120) is being allocated to needy families to weather the crisis, part of an emergency package also funded by corporate and private donations.In recent days, the first beneficiaries were able to withdraw money from ATMs after receiving a text message from the authorities, thanks to a new payment system set up with help from local banks.But helping the poorest is a challenge, and the country lacks a social register to identify the needs of the population."Some (single mothers) can't even buy milk for their baby any more," Ouazahrou says. "It's very important to bring them basic necessities." As of Sunday, the coronavirus had claimed 111 lives in the North African country from a declared total of 1,545 cases. Only around 7,000 tests have been conducted.(AFP) RUPRUP

Morocco NGO delivers emergency supplies to single mums in lockdown

<keyword id="6355629" type="COMPANY" weightage="20" keywordseo="google">Google</keyword> chief <keyword id="164502" type="PERSON" weightage="20" keywordseo="Sundar-Pichai">Sundar Pichai</keyword> has donated ₹5 crore to Give India, matching Google's earlier donation to the non-profit organisation for the <keyword id="1754604" type="PERSON" weightage="20" keywordseo="coronavirus">coronavirus</keyword> pandemic. "Thank you @sundarpichai for matching @Googleorg's Rs 5 crore grant to provide desperately needed cash assistance for vulnerable daily wage worker families...," Give India said in a tweet. Previously, Google had announced an over USD 800 million commitment towards efforts to tackle Covid-19 pandemic that that claimed thousands of lives globally. This includes USD 200 million investment fund for NGOs and banks to help small businesses access capital. Besides, Google has also teamed up with Apple to work on a contact tracing approach designed with strong controls and protections for user privacy. Corporate India has been rushing in to help the government and citizens fight the pandemic in India. Tata Trusts and Tata group together have pledged Rs 1,500 crore -- by far the highest by any corporate. Wipro Ltd, <keyword id="1621488" type="COMPANY" weightage="20" keywordseo="Wipro-Enterprises-Ltd">Wipro Enterprises Ltd</keyword> and <keyword id="120063" type="COMPANY" weightage="20" keywordseo="Azim-Premji-Foundation">Azim Premji Foundation</keyword> have together committed Rs 1,125 crore, while a number of other companies are also extending support efforts like providing sanitizers, masks and meals to people. Paytm, in a separate statement on Monday, said it has contributed 4 lakh masks and 10 lakh hygiene products to army, CRPF and health workers fighting Covid-19. These authorities would distribute them to the personnel working in the frontline to help control the outspread, it added. "The company hopes that its contribution of masks and hygiene products including soaps, hand-washes, sanitizers, and rubs would help all volunteers and workers stay safe during these tough times," the statement noted. The death toll in India due to the pandemic rose to 308 on Monday after 35 new fatalities were reported, while the number of cases climbed to 9,152, according to the Union Health Ministry. SEE ALSO:<a href="https://www.businessinsider.in/topic/coronavirus">Coronavirus News and Updates</a> <a href="https://www.businessinsider.in/india/news/how-to-check-coronavirus-symptoms-at-home/articleshow/74960334.cms">What are the Coronavirus symptoms and how to check for them at home</a>

Google's chief Sundar Pichai donates ₹5 crore to Indian NGO for fighting Coronavirus

By Seema Hakhu Kachru Houston, Apr 26 () An Indian-American nonprofit organisation has distributed 30,000 masks and other medical supplies to first responders, hospitals and county officials in Houston to combat the spread of the coronavirus pandemic as the city prepares for a 30-day mandate to wear a face cover in public.Sewa International's Houston chapter on Saturday distributed 30,000 masks, gloves, and 20,000 ounces of hand sanitiser in an "invitation only" drive-through event.In an executive order signed on Sunday, Harris county Judge Lina Hidalgo has directed all residents to wear some kind of face covering in public for 30 days, starting from Monday. It will apply for any person over the age of 10. There is a USD 1,000 fine for violating of the order."The event of distributing PPEs to about 100 agencies on Saturday was very gratifying and we will continue this drive on weekly basis," Gitesh Desai, President of the Sewa Houston chapter said."Sewa has set up eight regional non-medical helplines for a coordinated national response, to offer information and resources about travel, health, visas and visa status," he said.The helplines will also provide information about delivery of masks to first responders and those at the frontlines, delivering food, groceries, and medicines to those who need them, helping seniors in the community with medical advice and assisting stranded students with accommodation needs and food, he said.The event was attended by Houston Consul General of India Aseem Mahajan, Congresswomen Houston City Council Member Martha Castex-Tatum and Councilman Edward Pollard for Houston City Council District J."We are proud of these activities and efforts of the Indo-American organisations and individuals to support their cities and communities to combat this pandemic. "In addition to PPE distribution event, several volunteers of Indian- American organisations are providing immense support and assistance to needy Indian students and visitors who are stuck due to the current situation here, by way of lodging, free meals and PPE. Several Indian American doctors are volunteering to provide medical assistance," Indian Counsel General Mahajan said.US House Representative of 22nd Congressional District Pete Olson also presented a "Certificate of congressional recognition to SEWA" on April 17 for "their heroic efforts in helping Texans in need during COVID-19 pandemic"Achalesh Amar, Director of Disaster Relief Sewa International said, "volunteers have also been busy organising webinars on a variety of health, wellbeing, travel, business, and other related issues, making and delivering masks, raising funds to buy essential PPE and to help those in distress, networking and collaborating with other community organisations to pool resources and organize delivery of services through a single-point delivery system."He said that the organisation is also engaged in setting up a national convalescent blood plasma registry to help those seeking blood plasma transfusion and to enable those who have recovered from the infection to register to donate their blood plasma. "Sewa International has raised over USD 500,000 already and seeks to raise USD 3.5 million to help facilitate this work over the next few months," he said. SHK RS RS

COVID-19: Indian-American NGO distributes 30,000 masks, other supplies in Houston

By Lalit K Jha Washington, Apr 24 () An Indian-American NGO has raised USD 1 million to fight hunger in India and the United States amid the the coronavirus pandemic.This translates to 4,700,000 meals for people in the United States and ration kits for 106,000 migrant workers in India that will last them seven to 10 days, said M R Rangaswami, founder and chairman of the board of NGO Indiaspora. It was a volunteer group in San Jose, California that made the last donation of USD 5,000 after which the campaign fund crossed USD 1 million. "It is so heartening to see that this is just a group of regular Indian Americans, who are a volunteer group, and are gifting to different non-profits and charities. They on their own decided that this was the best cause," Rangaswami, an investor, entrepreneur and philanthropist, told .The money raised by Indiaspora through its 'ChaloGive for COVID-19' online campaign will be used to provide relief directly to vulnerable population in both the countries. Contributions given are sent to two beneficiary organisations, Feeding America in the US and Goonj in India. Feeding America is using the contributions to bolster its nationwide network of 200 food banks. Goonj is using the funds to provide food, dry ration and hygiene kits to displaced migrants in parts of eighteen states in India. In this hour of coronavirus pandemic that has hit both the United States and India, the Indian-American community has resoundingly shown up across the country, said Rangaswami. "It's not just donations to Indiaspora. The Sikhs feeding people through langar, young children making masks for healthcare workers, SEWA International making plasma donation matching. It has been an outpouring from across the country, which I have never seen before," said the California-based venture capitalist, who has closely following communities' philanthropic activities for long time. Such an outpouring of support was last time seen during the Gujarat earthquake in 2001, but that time the call was given by the then US President Bill Clinton and Indian Prime Minister Atal Bihari Vajpayee, he said. "Since then, I have not seen anything of this scale (of giving by Indian-Americans)," he said, adding that the community this time is contributing both their time and money. SEWA International, another non-profit body has raised more than USD 500,000 for its coronavirus relief work. One of the donations that helped Indiaspora cross the USD 1 million threshold came from Bay-area based volunteer group Aram Sei, whose vision is to support grassroots charities worldwide in the areas of education and healthcare. "Our team of twelve members is proud to support the ChaloGive fundraiser initiative that helps us make a direct impact to those in need," said Sangeetha Lakshminarayanan, president and founder of Aram Sei."We feel fortunate to be able to make a difference in our country of origin and the country we have embraced and made our home," she said. "There was a huge desire in our community to help during this crisis, and we provided an easy way to give. The Indian diaspora stood up and rose to the occasion when the ultimate time of reckoning arrived," said Indiaspora's executive director, Sanjeev Joshipura. "We want to do everything we can to help our country of birth and our country of citizenship. It is not either or, it is US and India," he added. On Thursday, Indiaspora also added new partnerships for the ChaloGive campaign. In addition to former Pepsico CEO Indra Nooyi, noted philanthropists Rohini and Nandan Nilekani, former US Surgeon General Vivek Murthy and actor Nandita Das, all existing 'ChaloGive for COVID-19' Ambassadors, Indiaspora announced the addition of GiveIndia CEO Atul Satija, and Raj and Aradhana (Anna) Asava, the pioneers of the 'HungerMitao' (wipe out hunger) movement in America. "Having enabled over 10 million meals to-date, HungerMitao is proud to partner with Indiaspora to raise funds for the food challenged in this time of crisis," said Raj and Anna Asava, who both have a successful track record of partnering with food banks across North America. "HungerMitao is a grassroots initiative engaging the Indian-American community in the fight against hunger through the Feeding America network of food banks," he said. "Just as India's social indices had begun to improve, coronavirus threatens to bring 80 per cent of India's working population - the informal sector - to its knees," said Atul Satija, founder of India's largest donation platform, and Indiaspora's India partner for ChaloGive. "We appeal to the huge Indian diaspora to support the immediate needs of hunger and reviving livelihoods before they fall back into extreme poverty, and rebuilding the lives of the less fortunate in the longer term," he said. The campaign at ChaloGive.org continues, with a live Facebook rally planned on May 4 at 9 pm EST/6 pm PST on the eve of Giving Tuesday for COVID-19, a media release said.ChaloGive for COVID-19 is the second online campaign by Indiaspora. Its inaugural campaign was launched on October 2, 2019 on the birth anniversary of Mahatma Gandhi and concluded on October 8.It highlighted more than 20 organisations with successful track records in areas of poverty alleviation and empowerment, health, and education. LKJ RHL

Indian-American NGO raises USD 1 million for coronavirus relief work in US, India

US Ambassador to India Richard Verma said Indian Government’s crackdown on Non-Governmental Organisations (NGOs) will have a chilling effect on freedom of speech and expression.
 

	He expressed his concerns over Prime Minister Narendra Modi-led Government’s action of reducing operational space of NGOs-like Ford Foundation and Greenpeace-in the country.
 

	Verma said if the government did not like the reports and answers by the NGOs, it should debate and discuss it.
 

	He cited Mahatma Gandhi, Martin Luther King and BR Ambedkar, saying discussions were a must for a democratic country like India.
 

	"Those that act peacefully to seek change are not anti-government. They are for better government, and by seeking to improve the government they strengthen national security, not weaken it," Verma said, while talking on India-US strategic relationship. 
 

	Recently, the US State Department had expressed concerns over Indian Government’s restrictions on activities of the NGOs.
 

	News agency Reuters reported Greenpeace was facing shutdown as India froze its funds in charity crackdown. Officials told Reuters that the charity was misreporting funds and using unaccounted foreign aid to stall development projects.
 

	The NGO has been campaigning against coal mining, genetically modified food and nuclear power projects. In its defence, Greenpeace said the Government wanted to silence its critics.
 

	Likewise, India has also put U.S.-based Ford Foundation on a security watch list and is investigating it for funding a local group run by a prominent activist and Modi critic. 
	 
	(Image: Reuters)

Modi Government’s crackdown on NGOs isn’t pleasing the US envoy

New Delhi, Nov 19 () Bank of Baroda on Tuesday said the RBI has imposed Rs 2.50 crore fine for non-compliance of directions issued to it with regard to Bihar-based NGO Srijan Mahila Vikas Sahyog Samiti Ltd.
"The Reserve Bank of India in exercise of powers conferred under the Banking Regulation Act, 1949, has imposed a penalty aggregating to Rs 2.50 crore on the bank for non-compliance with the directions issued by the RBI in various accounts of Srijan Mahila Vikas Sahyog Samiti Ltd at Bhagalpur Branch," Bank of Baroda said in a regulatory filing.
The Central Bureau of Investigation (CBI) is probing the matter in the Rs 1,000 crore scam allegedly involving Bihar-based NGO Srijan Mahila Vikas Sahyog Samiti and government officers.
Unidentified officers of Bank of Baroda, Indian Bank and the 'Samiti' have been named as accused in the FIRs registered for alleged criminal conspiracy, cheating, forgery among others.
Besides, FIRs have also been registered in Patna and Delhi.
It is alleged that there was illegal transfer and misuse of funds from government accounts in Bhagalpur district to accounts of the Samiti through a conspiracy hatched between government officials and office bearers of the NGO.
It is alleged that the NGO, which was working towards imparting training to women, had pilfered government funds in connivance with the bank officials and state government officials between 2003 and 2014.
As per initial probe by local police, the Samiti allegedly procured cheque books from banks and forged signature of the district magistrate to transfer government funds to its account. KPM BAL

RBI slaps Rs 2.50 cr fine on BoB for violating directions on Bihar NGO

<ul><li>Every Sunday, <keyword id="148720" type="PERSON" weightage="20" keywordseo="Aabid-Surti">Aabid Surti</keyword>, an award-winning Indian author, goes door to door to correct leaky taps in the Mumbai suburbs of Mira road for free. </li><li>The activity takes him a couple of hours, but it could save litres of water, something the country is short of. </li><li>He is the city’s ‘Water Warrior’ and introduced a water conservation model in 2007 through his 'one-man' NGO, Drop Dead Foundation. </li><li>As many as 100 million people in the country are already suffering from the nation-wide water crisis. </li></ul>Every Sunday, Aabid Surti, an award-winning Indian author, goes door to door to correct leaky taps in the Mumbai suburbs of Mira road, his neighborhood. He goes around asking if there are any leaks that can be fitted. "We are offering free plumbing service, Is there any leakage in your bathroom, toilet, or kitchen," asks Aabid Surti. The activity takes him a couple of hours, but it could save litres of water, something the country is short of. The octogenarian is much better known for many of his other vocations. He wears many hats of author, painter, cartoonist, and a screenplay writer. The additional feather is that of an environmentalist. With the launch of “Sufi” Surti has written over 80 books till date along with seven plays. He was given President’s Award for his book named “Teesri Aankh’ in 1993. Water Warrior He is the city’s ‘Water Warrior’ and introduced a water conservation model in 2007 through his 'one-man' NGO, Drop Dead Foundation. "Whenever I see a tap dripping, my heartbeats. I just get disturbed." And this choice came after he saw his mother’s struggles during his humble beginnings. "I was brought up at the pavement, and I have seen my mother standing in the queue for long hours to get just a bucket full of water. I have seen people fighting over water," Surti says. A mission to fix leaky faucets Surti’s Drop Dead Foundation in 2007 is now funded by the government, <keyword id="6419840" type="PERSON" weightage="20" keywordseo="Azim-Premji">Azim Premji</keyword>, <keyword id="6357912" type="PERSON" weightage="20" keywordseo="amitabh-bachchan">Amitabh Bachchan</keyword> among others. His crusade to save water started when he read somewhere that in one second if one drop falls then in a month, thousand litrs of water goes down the drain. "Since I am a cartoonist, I could imagine somebody drowning 1000 bottles of Bisleri into drain,” he says. Between 2007 and 2008, he visited 1,666 houses at Mira Road to fix over 500 leaky faucets and saved 4.14 million litres of water. "We have conserved 20 million litres in ten years,” he said. His aim to target residential areas with middle-class or lower-middle-class people. He is now inspiring more young crusaders like him, and his model is now a part of school book. 100 million suffering India probably had the worst year in terms of monsoons, floods and water crisis. And more cities could suffer from lack of water for basic needs, j<a href="https://www.businessinsider.in/five-years-on-india-may-not-even-get-a-chance-to-solve-its-on-going-water-crisis-risking-hundreds-of-millions-of-lives/articleshow/69988627.cms">ust like Chennai did this year.</a> According to NITI Aayog, 21 major cities are expected to be devoid of groundwater by 2020, As many as 100 million people in the country are already suffering from the nation-wide water crisis. And a small beginning to try and slow down this deep crisis is by saving whatever little we have--one tap at a time. According<a href="https://www2.whitehorse.vic.gov.au/ignitionsuite/uploads/docs/Sustainable%20Living%20Guide%20Water.pdf"> to a survey</a>, "A dripping tap can waste 20,000 litres of water in a year". Surti wishes what he started would spread across the country and the world and become a global movement. See also: <a href="https://www.businessinsider.in/five-years-on-india-may-not-even-get-a-chance-to-solve-its-on-going-water-crisis-risking-hundreds-of-millions-of-lives/articleshow/69988627.cms">Five years on, India may not even get a chance to solve its on-going water crisis risking hundreds of millions of lives</a>

A national award-winning Indian author going door-to-door fixing leaky faucets has saved 20 million litres of water

Mumbai, May 7 () Lionsgate India has announced that it will be livestreaming some of its hit movies as part of a new initiative to raise funds for people impacted by the coronavirus pandemic.The studio has partnered with Facebook for the initiative "Lionsgate Live! A Night at The Movies" during which it will screen a Hollywood blockbusters on four Fridays starting May 8.The movies to be screened are Jennifer Lawrence-starrer "The Hunger Games", Kristen Stewart and Robert Pattinson's "Twilight", heist movie "Now You See Me 2" and "Wonder", starring Julia Roberts, Owen Wilson and jacob Tremblay.Lionsgate has enlisted popular film stars Anil Kapoor, Ananya Panday and Sanya Malhotra to participate in this initiative. Viewers can watch these films with their friends and family during the livestreaming and can also donate by pressing the button next to the video. All the proceeds from the initiative will go towards NGO GiveIndia ."This will be a unique opportunity for viewers to extend their support and donate for this charitable cause. Moreover, we are delighted to have Ananya Panday, Sanya Malhotra and Anil Kapoor on board who will help us to spread awareness of this ground-breaking initiative," Rohit Jain, Managing Director Lionsgate South Asia, said in a statement. RB RB BKBK

COVID-19: Lionsgate to livestream films to raise funds for GiveIndia

New Delhi, Apr 17 () The Indian women's hockey team on Friday launched a fun fitness challenge to raise funds for the migrant labourers whose families have been affected by the nationwide lockdown to combat the COVID-19 pandemic. The 18-day challenge aims to raise money through crowdfunding to feed at least 1000 families while also encouraging people to adapt to an active lifestyle during the nationwide lockdown that has been extended till May 3. "...every day we are reading in the newspapers and social media about so many people struggling for food, we decided to do something to help these people as a team," captain Rani Rampal said in a Hockey India press release. "...we thought an online fitness challenge would be the best way to do it and this way, we can also urge people to stay active during the nation-wide lockdown. Through this initiative, our goal is to raise enough funds to feed at least 1000 families," she said. The money from the crowd-funding effort will be donated to a Delhi-based NGO Uday Foundation and the proceeds will be used to provide basic necessities for patients at various locations, migrant workers and slum dwellers. Apart from providing food/dry ration, the fund will also be used to provide sanitary kits that will include soaps and hand sanitisers. The challenge will see members of the Indian women's hockey team come up with fitness tasks that range from burpees, lunges, squats to spider-man pushups, pogo hops and more. Each day, a player will give a new challenge and tag 10 people on her social media handles to take up the challenge and donate Rs. 100 for the cause. "Everyday, we will give a fun new challenge that can be done by anybody. Those who take up the challenge can donate Rs 100 or more to the fundraiser. We really hope people support us in this cause, vice-captain Savita said. "All of us in the Indian Women's Hockey Team come from poor economic backgrounds and we have seen days when we have struggled for food and other basics. Today we are in a position to help and we want to ensure poor people get basics like food and sanitary kits," she added. Agreeing with Savita's views, Rani said, "A few days back when I was talking to my father and he said 'if you did not play hockey and lift us out of poverty then maybe we also would have been in the same condition as so many poor people today who are struggling to get food'. "When he said this to me, it broke my heart. Everyone in the team has faced so many challenges due to poverty and we know the pain of not getting food. It's thanks to hockey our lives are comfortable today but not everyone is this fortunate." Rani's father worked as a cart-puller in Shahbad Markanda, Haryana. PDS PM PM

Indian women's hockey team to raise funds for poor affected by lockdown

New Delhi, May 5 () PepsiCo India on Tuesday said the first batch of test kits for coronavirus funded by it has started reaching testing sites across India. These kits are being procured and distributed by Foundation for Innovative New Diagnostics (FIND) with funding from PepsiCo India and have been approved by Indian Council of Medical Research (ICMR), the company said in a statement. PepsiCo India had volunteered to support the scale up of India's COVID-19 testing capacity through support provided to FIND. Besides, it has taken other initiatives including providing over 7 million meals to families impacted by COVID-19 outbreak in partnership with non-government organisation (NGO) partners. The test kits and reagents have been procured from manufacturers approved by the Drug Controller General of India (DCGI) and are run using reverse transcription polymerase chain reaction (RT-PCR) technology, which is currently the gold standard for detecting patients with COVID-19, the company said. Commenting on the initiative, PepsiCo India President Ahmed ElSheikh said, "PepsiCo India stands committed to lending its full support to the GoI (Government of India) in its fight against the pandemic. Our partnership with FIND is all about scaling up access to diagnostics and testing kits across the country." During these challenging times, he further said, "We have been working very closely with FIND to distribute testing kits to public and private healthcare laboratories in India. We believe lending assistance through such initiatives is also one of the best ways to support our real heroes – the healthcare community who are battling on the front lines against COVID-19." FIND India Head Sanjay Sarin said the sheer size of India and the density of urban populations increases the challenges and complexity of scaling up testing capacity quickly and efficiently. "Testing is our first-line of defence against this pandemic – and it is actionable today," he said, adding private sector partnerships such as the one with PepsiCo India are critical to make COVID-19 tests available to everyone who needs it. RKL RVK

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