Sundar Pichai, Chief Executive Officer (CEO) of Google and Alphabet, announced that Google will provide around Rs 135 crore as an aid to India to tackle the COVID-19 crisis in India. Google’s fund will help India to procure medical supplies including oxygen and testing equipment.
About the fund:
i.This funding includes 2 grants of a total value Rs 20 crore from Google.org, the philanthropic arm of Google, these 2 grants will go to
- GiveIndia to provide cash assistance to the affected families
- United Nations Children’s Fund (UNICEF) to support the need for urgent medical supplies
ii.The ongoing “Employee giving campaign” of Google has contributed Rs 3.7 crore to support the high risk and marginalised communities.
iii.The fund also includes the additional Rs 112 in Ad Grant to local health authorities and non-profits for more language coverage options to support public health information campaigns.
Mastercard announced 10 million USD fund to India:
i.Mastercard, the US-based multinational financial service company, has announced a 10 Million USD fund to support India’s combat against the COVID-19 crisis.
iiThe fund will be delivered through Mastercard Impact Fund.
iii.The fund will be used for
- Access to hospital resources.
- Access to additional oxygen supplies
- Support to the Mastercard employees across India.
iv.As a part of its corporate efforts, Mastercard will fund the additional shipments of 1000 oxygen generators.
Headquarters– California, United States
CEO– Michael Miebach
Headquarters– New York, United States