Faizal & Shabana Foundation donates AED 10 million to aid medical research

[email protected] (CD Network)
November 12, 2015

Dubai, Nov 12: In recognition of various philanthropic work conducted by the Faizal & Shabana Foundation – their Vice Chairperson Mrs. Shabana Faizal, daughter of Mr. B. Ahmed Hajee Mohiudeen, who hails from Thumbay, Mangalore was granted an audience with HRH Princess Haya bint Hussein, at her palace in Dubai.

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This comes just after the Faizal & Shabana Foundation and KEF Company Limited announced a landmark donation of AED 10 Million which was granted to Al Jalila Foundation to aid medical research on cancer, obesity, cardiovascular conditions, diabetes and mental health. In addition, the two entities will collaborate to exchange know-how from their respective global networks, and share the outcomes and findings of new research on health and wellness.
The KEF Company Ltd. is a new era social enterprise founded by Faizal E. Kottikollon, the company operates across India, the Middle East and Singapore. The company has six business verticals – KEF Infra, KEF Health, KEF Education, KEF Agri, KEF Metals and KEF Investments – that focus on the infrastructure, healthcare, education, agriculture, metals and investment sectors respectively. KEF’s industrial forte lies in its ability to create integrated business processes and deliver cutting-edge off-site construction technology and solutions, including precast, prefabricated bathrooms, joinery and aluminum glazing. The company applies this expertise to the creation and upgrades for essential infrastructure, such as educational, healthcare, hospitality, commercial and residential facilities.

KEF Holdings is guided by the philanthropic vision of its founder and Chairman Faizal E. Kottikollon and his wife Shabana Faizal, Vice Chairperson. The company, in close collaboration with stakeholders in the public and private sectors, actively drives, funds and supports high-impact social activities undertaken by the Faizal & Shabana Foundation.

KEF Holdings does this through providing innovative industrial technologies, products and processes designed to create shared value by increasing productivity, quality and sustainability.

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Comments

Firos Ahmed
 - 
Monday, 5 Dec 2016

Al Hamdullilah,Lot of people have rich but same time they are misers too,but its seems Mr.Faizal Kootikolan doing things from his heart which leads him success here and hearafter in sha allah.Do things for allah's sake not for public show off.I believe you are doing charity for allah's sake

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 - 
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News Network
February 5,2020

Bengaluru, Feb 5: Despite installing a BJP government in Karnataka through disguised operation Kamala, the Prime Minister Narendra Modi-led union government has continued its step motherly attitude towards this south Indian state.

Under the new formula adopted to share central taxes among states Karnataka will be the worst-affected. Though the 15th Finance Commission has recommended a special grant of Rs 5,495 crore for the state for 2020-21, the Centre appears reluctant to pay up and instead has asked for the proposal to be reviewed.

During the Union budget, the report of the 14th Finance Commission headed by NK Singh for 2020-21 was tabled in Lok Sabha. It shows besides Karnataka, Telangana, Mizoram and Kerala saw their central tax share decrease, while Uttar Pradesh, Bihar and Maharashtra were top gainers.

Karnataka's share has decreased from 4.7% provided by the previous finance commission, to 3.6%. Acknowledging there is a steep decline in Karnataka's share from 2019-20, the finance commission has recommended a special grant of Rs 5,495 crore for the state.

Its share in 2019-20 was Rs 36,675 crore, but under the new formula, Karnataka will get only Rs 31,180 crore in 2020-21 from the divisible pool of Rs 8.5 lakh crore - a decline of 22.5%.

Also, the decrease for Karnataka comes on the back of a shortfall in 2019-20. While the state was entitled to Rs 39,806 crore from the divisible pool, it got only Rs 36,675 crore as the Centre suffered a tax revenue shortfall of Rs 1.5 lakh crore.

What is more disheartening though is the Centre's refusal to pay the special grant. Instead, the Union finance ministry has asked the finance commission to reconsider the recommendation. This has prompted the state to take up the issue with the Centre.

"The decline in central taxes devolution comes at a time when the state is going through a tough financial situation. Steps are being taken to ensure Karnataka gets justice," said chief secretary TM Vijay Bhaskar.

Officials said besides corrective measures for 2020-21, the focus will be on ensuring a fair share in subsequent years. However, Karnataka has little chance of getting its dues as the Centre is known to be prudent when distributing tax proceeds among states.

"The Centre has certain views on devolution. We have done our duty by submitting the interim report. It's up to the states to convince the Centre," said Ravi Kota, joint secretary of 15th Finance Commission.

Under the new formula, the commission changed the weightage for some of the six criteria it considers - population, area, forest cover, income distance, demographic performance and tax effort.

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News Network
January 8,2020

Mangaluru, Jan 8: Dakshina Kannada District In-Charge Minister Kota Srinivas Poojary, on Wednesday announced that the District Administration will organise the Karavali Utsava from January 10-19 at Karavali Utsava Maidaan here in the city.

The minister was addressing a press conference on Wednesday morning at the Deputy Commissioner’s office. He informed that a rally will march from Nehru Maidaan to Karavali Utsava Maidaan on January 10 to officially mark the inauguration of the utsava. 
The rally will be flagged off by Minister Kota Srinivas Poojary.

Beach Utsava and Kite Festival will be organised at the Panambur beach on January 17, 18 and 19 as a part of Karavali Utsava.

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News Network
June 22,2020

Bengaluru, Jun 22: The opening of Schools in the state, is unlikely before Dasara festival, as a majority of the parents are averse to send their children due to the COVID-19 scare.

According to official sources, in the State education department, a majority of parents, who were asked to give their opinion on re-opening of schools in the state, have reportedly favoured continuing the closing of schools till September.

The primary and Secondary education department had received feedback from various stakeholders including educational institutions, parents and Teachers, clocking high towards not opening the schools for the 2020-21 academic year till Dasara days.

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