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Fino Payments Bank deploys Covid relief through Give India

Raises fund to procure medical relief and oxygen cylinders to patients

Mumbai (Maharashtra) [India], May 24: In its efforts to provide relief to Covid patients across the country Fino Payments Bank will be raising a corpus of around Rs 1 crore. The bank will raise the fund by tapping the potential of its transactions-led model. For efficient procurement and distribution of medical aid, Fino has associated with Give India, an online donation platform that works with entities on social causes. Fino’s endeavour is part of the collaborative, collective, and compassionate efforts of the business community, NGOs and civil society.

“We are in the midst of an unprecedented humanitarian crisis and all need to do our bit to help each other,” said Rishi Gupta, MD & CEO, Fino Payments Bank.

What is happening around us is really painful. Our efforts are aimed at alleviating the anxiety of affected people and their families. We believe in the power of small numbers. Our transaction-based model will help create the fund to the tune of Rs 1 crore for this cause. Every time a consumer transacts we allocate a certain sum to this fund. In effect every transaction is small but an important step in saving lives. Our partner Give India will facilitate access to timely medical aid that we hope will help save as many people as possible.”

The fund will be used by Give India to procure and distribute medicines, oxygen cylinders, and other life-saving equipment to the Covid patients.

Fino Payments Bank’s huge financial services distribution network caters largely to rural markets. The second wave has affected people across economic strata and this approach will help provide the needed medical support.

Banking is an essential service during the pandemic and Fino’s over 6 lakh neighbourhood banking points are open and provide people access to cash and banking. More transactions more will be the corpus generated that can be utilised to save lives.

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LANXESS India donates critical COVID-19 relief worth Rs 2.1 crore

Mumbai (Maharashtra) [India], May 18: LANXESS India has committed over INR 2.1 crores as part of its CSR spends to support the medical infrastructure in the country in its fight against the Coronavirus pandemic. The spike in COVID-19 cases in the second wave has been severe and there has been a huge demand for critical medical equipment for treating patients. To help medical institutions tackle the situation better, LANXESS India has donated twenty units of advanced German Ventilators worth approximately INR 1.9 crores to hospitals in Maharashtra, Madhya Pradesh and Gujarat.

The company donated these ventilators to nine hospitals in the states of Maharashtra, Madhya Pradesh and Gujarat where the company has its sites and offices. These include Kaushalya Medical Foundation Trust Hospital and Bethany Hospital in Thane, Shushrusha Hospital in Mumbai, Jayaben Modi Hospital in Ankleshwar, Sevashram Hospital and Civil Hospital in Bharuch, and Patidar Hospital, J K Hospital and SS Hospital & Research Centre in Ujjain. The hospitals will use these ventilators for the treatment of COVID-19 patients.

In addition, to combat the rising medical oxygen requirement in the country, LANXESS India supported the District Hospital, Ujjain with ten units of Oxygen Concentrators.

The company has also supported the Employee State Insurance Corporation Hospital (ESIC) in Nagda with INR 10 lakhs to help in upgrading their existing infrastructure and provide better medical assistance to the patients.

Neelanjan Banerjee, Vice Chairman and Managing Director, LANXESS India commented, “The current second wave of the Coronavirus pandemic in India has overwhelmed the medical infrastructure of our country and has led to a severe shortage of critical medical equipment. As part of our Corporate Social Responsibility efforts, we at LANXESS have yet again tried to support augmenting the infrastructure of some of the hospitals around our headquarters in Thane and our manufacturing sites in Nagda and Jhagadia. We will continue to aid the community in fighting the devastating second wave of COVID-19.”

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Alembic Pharmaceuticals announces financial aid up to 50 lakhs for their employees who passed away in Covid.

The employees create a benevolent fund for their late colleagues

Vadodara (Gujarat) [India], May 17: When it comes to Employee welfare with Alembic Pharmaceuticals Ltd it is not just the employer but also the employees who have started a Benevolent Fund and are contributing generously for their departed team members who passed in this second wave of Covid.

The Management of the 114-year-old Alembic Pharmaceuticals Ltd has announced Financial Aid of between 15 lakhs to 50 lakhs to their deceased employees, which is over and above all other benefits applicable. Talking to the media, Mr. Pranav Amin, Managing Director of Alembic Pharmaceuticals said that, the company has always fostered the feeling of Alembic Parivaar. We are deeply saddened by the loss of some of our family members due to the Covid-19 pandemic. The company has decided to support the bereaved family members with financial assistance apart from the existing benefits. We have announced financial aid of a minimum INR 15 Lacs maximum up to INR 50 Lacs for the deceased team members’ family. While we cannot compensate for the loss suffered by the families, we hope that this benefit will help them to rebuild their lives. As we remain committed to the safety and wellbeing of our employees and their families, I strongly urge everyone to take the utmost precaution and safeguard themselves.

Seeing the gesture initiated by the company, the employees of the Alembic group have also come forward and formed an Employee Benevolent Fund, where employees are contributing in the form of either cash or their earned leaves for the team members they have lost. Employees have contributed towards the benevolent fund for individual employees who have passed away due to Covid-19. Employees are generously supporting all, irrespective of whether they know the deceased member or not and irrespective of the professional level of their colleague. These contributions are voluntary and discreet. The funds are accumulated and directly transferred to the legal heirs.

Talking to the media, the HR spokesperson confirmed that the organisation has added a Covid-19 cover for all employees, in addition to the existing mediclaim policy, the cost for which is borne by the company. Also, in the unfortunate event of an employee losing his life, the company’s Financial Aid is a major solace, which is in addition to the EDLI of around 7L, gratuity which is calculated up to the retirement date of 58years, contributions from the Benevolent Fund, plus other statutory benefits.

To give a broad idea, the bereaved family of a junior employee on an annual salary of around 3L will also receive as per the above benefits offered, anything between 25 – 30 L.

This is a testing time for everyone. Many of the staff have been personally impacted by the pandemic and/or have had their family members getting impacted.

Some of the staff has even had to bear personal losses/ loss of colleagues.

During such times, it is only natural to occasionally feel a little low. Due to the same Alembic has engaged a clinical psychologist, whom all Alembians can reach out to, should the employees feel the need. The psychologist has special experience in supporting individuals with stress, anxiety, depression, grief and bereavement-related concerns. The psychologist has been requested by the company to keep the discussions and calls confidential. The psychologist shouldn’t share name or any details with the company management too. The psychologist can be contacted all 7 days of the week between 08 am to 9 pm.