BBMP gifts Rs 5 lakh cheque to first baby girl of 2018
Bengaluru: The first baby girl born on New Year Day is extremely lucky. She has earned a reward of Rs 5 lakhs which was handed over to her by BBMP Mayor Sampath Raj at the D Nagaraj Maternity Hospital at Bashyam Circle in the city on January 1, Monday. The Mayor had earlier made an announcement that a cash prize will be awarded to the first baby girl born on New Year.
Pushpa, a resident of Rajajinagar was admitted to the hospital on December 31 after she had developed labour pains. She had delivered a baby girl at five minutes past midnight. After BBMP Health Officer intimated about this, the Mayor visited the hospital on Monday morning and handed over the cheque and a Madilu kit to the mother. The Mayor also enquired about the health of the mother and baby.
Later, speaking to reporters he said the amount will be deposited in a bank in a joint account in the name of the child and BBMP Commissioner. It aims at encouraging girls to excel in life, he added.
The lucky baby's mother Pushpa also expressed her immense pleasure and said she would use the money towards the education of her child.
Deputy Mayor Padmavathi Narasimhamurthi, Standing Committee on Health President Mujahid Pasha and BBMP officials were present.
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Binny Bansal steps down from board of PhonePe
New Delhi, Nov 22: Flipkart's co-founder Binny Bansal has stepped down from the board of PhonePe, the fintech company said on Friday.
PhonePe also announced the appointment of Manish Sabharwal as an Independent Director and Chair of its Audit Committee.
In this role, Sabharwal will be instrumental in upholding the integrity and effectiveness of PhonePe's financial reporting, internal controls, and risk management practices, he company said in a release.
"PhonePe also announced that Flipkart's co-founder, Binny Bansal has stepped down from its Board of Directors. Binny acquired PhonePe in 2016 and has been on its Board since then," the release said.
Commenting on the board rejig, Sameer Nigam, CEO and Founder of PhonePe said, "I would like to express my heartfelt gratitude to Binny Bansal for being one of PhonePe's earliest and staunchest supporters. His active engagement, strategic guidance, and personal mentorship have profoundly enriched our discussions. Binny will be missed!"
Nigam further said that Sabharwal's depth of understanding of India's macro economy, coupled with his leadership in shaping India's policies for education, employment, and employability will be invaluable as PhonePe continues to work ahead towards shared vision of a Viksit Bharat by 2047.
Sabharwal is Vice-Chairman of Teamlease Services, India's largest staffing and human capital firm.
Bansal played an instrumental role in Flipkart's acquisition of PhonePe way back in 2016 and had been on its board since then (the payments firm separated from Flipkart in 2022).
