The scholarship, named ‘Professor Jaswant G Krishnayya Merit Scholarship,’ will be awarded annually to an eligible student who achieves the highest CGPA in the first year of the PGP program. Mr. Murthy has committed to funding the scholarship for 20 years. The aggregate payout for the scholarship over 20 years is estimated at ₹12 crores.

Pankaj Patel, Chairperson, IIMA Board of Governors and Chairman, Zydus Lifesciences, remarked, “Mr. Narayana Murthy’s bond with IIMA began in 1969 as Chief Systems Programmer and deepened further when he served as Chairman of the Institute from 2002 to 2007. This scholarship reflects his continued commitment to IIMA’s mission and to the transformative power of education. We are honoured by his gesture, which pays tribute to a respected faculty member and supports future generations of leaders.”

Prof. Bharat Bhasker, Director, IIMA, remarked, “This generous scholarship is a celebration of excellence, mentorship, and impact. We are deeply grateful to Mr. Narayana Murthy for honouring Professor Krishnayya’s legacy in such a meaningful way. It reflects IIMA’s vision of enabling merit-based access to management education while paying tribute to those who helped build this Institute into what it is today.”

Narayana Murthy stated, “I am pleased to establish this scholarship at IIMA in honour of Professor Jaswant G Krishnayya’s enduring legacy and significant contributions to IIMA. This scholarship also serves as a testament to Professor Krishnayya’s pivotal role in shaping my early life and career. I hope that this scholarship will inspire students to strive for excellence and make a positive impact on the world.”

The IIMA Endowment Fund (IIMAEF), the Institute’s unified fundraising and philanthropic arm for all donations from alumni as well as corporate and CSR partners, played a facilitative role in shaping this partnership. This is in continuation of IIMAEF’s broader vision to solidify IIMA’s prominence in thought leadership, research, and academic excellence globally, ensuring that financial constraints do not stand in the way of academic potential.

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Fare Lock enables customers to lock in or reserve a selected fare for 48 hours for a fixed, nominal fee, while they simultaneously firm up their travel itineraries. This helps customers to plan their travels without having to worry about unexpected fluctuations in fares and availability for their preferred flight options. The feature is available for flight options at least 10 days away from the date of booking the service.

To use the service, Air India customers simply need to choose the flight options that they most prefer and are likely to finalize, select the Fare Lock option in the booking flow, and pay a non-refundable fee. Customers can later return to their bookings on the website or mobile app to confirm their bookings at the pre-selected fares by using the ‘Manage Booking’ option.

Fare Lock is available at the following fees (inclusive of taxes) varying by route and applicable per passenger per ticket:

Fare Lock, an addition to Air India’s growing portfolio of ancillary offerings, is designed to enhance the overall travel experience for its customers. By leveraging advanced technology and integrating the service with Amadeus in the booking flow, Air India continues to lead the way in catering to the diverse needs of its customers.

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This loan is for those who wish to pursue Undergraduate, Postgraduate, or Masters programs in Science, technology, engineering & mathematics, and Management and Vocational courses. Tata Capital’s Education Loans will provide students with access to collateral-free loans of up to INR 75 lakhs and secured loans of up to INR 200 lakhs or the total cost of education, including tuition fees and living costs.

Tata Capital provides pre-admission sanction letters to students helping them complete their application process to secure admissions. In addition to competitive interest rates, Tata Capital’s Education Loans also offer students flexible repayment options giving them ease of payment during their study period. 

Speaking about the launch of Education Loans, Vivek Chopra, Chief Operating Officer of retail Finance at Tata Capital said, “Trust and transparency have always been the strongest pillars of our business. The comprehensive range of Education Loans goes beyond conventional financial support, covering aspects from tuition fees to travel and medical. With a student-first approach, we aim to break down socio-economic barriers to higher education, ensuring that every student gets the opportunity to fulfill their academic aspirations.” 

Benefits of our education loans:

• Easy online application process
• No collateral up to INR 75 lacs
• Up to 100% financing
• Flexible repayment options

To get more information on education loans, parents and students can visit the website- www.tatacapital.com or walk into any Tata Capital Branch.

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Currently, when a financial adviser provides retirement advice, they may be paid by the saver or by the firm that makes the investment product they recommend. However, when a firm pays a retirement adviser more to recommend a specific investment product, that creates a conflict of interest that often leads to Americans selecting an investment product recommended to them that generates lower returns. These conflicts of interest can result in advisers receiving a commission as high as 6.5 percent to recommend some insurance products, which can cost savers as much as $5 billion per year.

The proposed rule would close loopholes and require that financial advisers provide retirement advice in the best interest of the saver, regardless of whether they are recommending a security or insurance product and where they are giving advice. It would cover advice to purchase any investment product, roll assets out of an employer-sponsored plan, and plan sponsors about which investments to make available as options in 401(k)s and other employer-sponsored plans.

Requiring advisers to make recommendations in the savers’ best interest can increase retirement savers’ returns by between 0.2% and 1.20% per year, potentially adding up to 20% more retirement savings over a lifetime. This step would minimize junk fees in retirement products, promote competition, and protect American workers’ retirements.

The proposed rule builds on the Biden-Harris Administration’s efforts to eliminate junk fees, putting cash back in the pockets of Americans. It also builds on important actions the Administration has taken to protect the retirement of hardworking Americans, including the SECURE 2.0 law and the Butch-Lewis Emergency Pension Plan Relief Act.

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