‘Economic compulsion one of the reasons for children dropping out of school’
A sample study conducted in the Shorapur educational block in Yadgir district has found that more than 25 per cent of the out-of-school children were never enrolled in schools. This is a pointer to the fact that the promise of “free and compulsory education” is still a distant dream in the backward pockets of the State.
February 22, 2013, Bangalore: Azim Premji, Chairman of the Azim Premji Foundation, announced today that he has transferred 295.5 million equity shares representing 12% of the total shares of Wipro Ltd., held by certain entities controlled by him to an irrevocable trust. With this transfer (valued at approximately Rs 12,300 crores/Rs 123 billion based on current market price), the trust’s shareholding in Wipro will go up to about 19.93% This trust will utilize the endowment to fund, various social, not-for-profit initiatives of the Foundation, which are expected to scale significantly over the next few years.