Empowering youngsters through literacy and vocational training is the message of Samaritan Help Mission
Sometime in 1999, Mamoon Akhtar was moved by the overarching desire of a little child from the Tikiapara slum of Kolkata to get basic education. The child’s mother was being forced into anti-social work by the slum’s drug mafia. So Mamoon ended up rescuing her too. He started teaching the boy at his own house in the evening. Soon, another group of children followed and wanted to be taught. This inspired Mamoon to start a school in his own 600-sq ft house.
Over time, this developed into an organisation that received financial support from a group of good Samaritans in Mumbai (now formally called Caring Friends) and the Samaritan Help Mission (SHM) was formed. Caring Friends persuaded many others to support SHM. Thanks to the steady stream of funding, SHM scaled up its humanitarian work since 2004 and ventured into several spheres.
But, at its core, SHM works at uplifting children from the poorest sections of society.
These usually belong to families of daily wage labourers, rickshaw-pullers, drug addicts, housemaids and also children of convicts who are in jail, or from similar humble backgrounds. The Samaritan Mission School established in Tikiapara slum of Howrah provides them access to quality education in English medium. Apart from basic education, SHM also offers vocational training to poor girls and widows and helps them become financially independent through self-help groups. It also runs computer literacy programmes for children. In addition, it has begun to provide medical health facilities to its core group.
SHM was registered as a society in 2001. The Samaritan Mission School was started on 26 May 2007. The children get access high-quality education in English through regular schooling. At present, the School has over 880 boys and girls. A recent development, which makes them proud, is the addition of a school library on 3rd September which was inaugurated by the Howrah police commissioner.
SHM’s vocational training project supports 200 women. Fifty girls work regularly in a manufacturing unit where each girl earns between Rs2,500 to Rs3,000 per month. Seventy-five girls have been trained and they have started their work units at their own home.
Another important initiative is the Samaritan Micro-Credit Programme which was started in October 2008.
Till date, 124 women have been provided loans ranging from Rs1,000 to Rs5,000 to start their own small business. This is forward integration of activities—women who have already taken vocational training at an SHM programme are provided a loan to start their own business and put their learning into action. “We are proud of having zero defaulters,” says Mamoon.
The NGO has had the support of Sachin Tendulkar too. On 19 May 2011, Mid-Day published an article on Samaritan Help Mission under the title “Sunshine over Howrah Bridge” and Sachin Tendulkar signed five cricket bats which were auctioned to raise funds for the organisation.
SHM is one of the few NGOs that use social media and digital technology with great success. It made news in 2012 for using Google Hangout—a group video chat feature—to teach English to 80 underprivileged children. SHM’s founders are active on Twitter, which is how Moneylife came to know about their work.
That is not all; Times Now quoted Mikael Kjellstrom as saying, “Beyond education, the School’s most outstanding achievement remains is developing compassion for fellow human beings and love for their motherland among school children.”
Donations to SHM are entitled to tax benefits under Section 80G of the Income-Tax Act.
Samaritan Help Mission
127 Noor MD Munshi Lane, Howrah-711101, West Bengal
Mobile: 9836777600 / 9331873584
Email: [email protected]
Shah, 32, is among the 78 individuals to be promoted as partner, and is one of the five persons of Indian-origin to have made the cut in Goldman Sachs
Kunal Shah, Indian-origin managing director at Goldman Sachs has been promoted to the position of Partner, becoming the youngest to be inducted into the global investment giant’s most coveted club.
The 32-year-old is among the 78 individuals to be promoted to this position, and is one of the five persons of Indian-origin to have made the cut in Goldman Sachs in 2014 class of Partners.
Shah was promoted to managing director at the investment banking giant at the age of 27. The Cambridge University math graduate was also named in Forbes ‘30 under 30’ Finance list in 2011.
He has been a rising star at Goldman since he joined the company in London in 2004, analysing interest rate products, before trading on the global macro desk, according to Forbes.
The other persons of Indian-origin named to GS' elite group are Meena Lakdawala Flynn, Manikandan Natarajan, Umesh Subramanian and Rajesh Venkataramani.
Goldman Sachs Chairman and Chief Executive Officer Lloyd Blankfein and President and Chief Operating Officer Gary Cohn personally called the 78 individuals to inform them of their elevation to the position of Partner, yesterday.
“These appointments recognise some of the firm’s most senior professionals and acknowledge their embodiment of our culture and values, and their leadership of the firm’s business and people,” Blankfein said in a statement. “We look forward to their continued strong performance and leadership in the years ahead.”
Goldman Sachs selects its partners every two years through an extremely secretive and rigorous month-long selection process.
The record for becoming the youngest Goldman Sachs Partner is held by Eric Mindich who was promoted in 1994 at the age of 27.
The 2014 class of Partners includes 11 women, 23 employees from investment banking, 25 from securities, 11 from investment management, four from merchant banking and three from research. They will become Partners of the firm starting 1st January next year.
Goldman now has 467 partners, an elite group that represents about 1.6% of its 33,500-strong workforce.
The position of Partner brings with it some of the biggest Wall Street perks including a lucrative paycheck with salaries of about $900,000 and a portion of the bank’s bonus pool, which is divided up among only the partners.
The partners also have access to special investment opportunities that are not available to other employees.
Goldman had ceased to be a private partnership when it went public in 1999.
But the ritual of selecting partners still remains a core and among the most coveted part of the company’s identity and culture.
Unscrupulous investment opportunities can empty out your wallet. Before committing any money, have a big think about the pluses and minuses of the offers, read the fine print, and only invest in products you comfortably understand
Shady investment opportunities employ aggressive marketing tactics in an effort to get consumers to open up their wallets as wide as possible. Here are some red flags to watch out for in the advertising of these dealings to help protect you from falling victim.
1. Glowing testimonials. All of the testimonials, almost half of which targeted the elderly or those planning for retirement, had omitted vital information, including the risks involved with investing money. Many of the testimonials did not appear to report results that are typical or achievable for the ordinary subscriber. And some contained blatant lies.
2. Graphs that tout tremendous growth. While an investment in gold and other precious metals can help diversify your portfolio and help hedge against inflation, you should ask yourself some questions before pulling the trigger on a big purchase. The truth is the price of gold fluctuates over time and there is no guarantee the commodity will increase or even maintain its value
3. Claims of investing secrets revealed. A 770 account is not really a secret bank account; it’s a whole life insurance policy, and it’s no secret. Think carefully before paying for any investment newsletter advertising this way — if something in the advertising sounds unbelievable, you probably shouldn’t believe it.
4. Again, claims of investing secrets revealed. While the ads seem to indicate you can get 1000% returns using the Biblical Money Code, it’s far more likely you’ll just get some common-sense investing tips and a $47 newsletter.
5. Opportunities to trade someone else’s money. The prospect of trading thousands and keeping the majority of the profits is the focus of the website, which never tells you how many people who sign up for the costly educational course ever end up being chosen to trade the money and keep profits.
6. Offers that advertise a “free” amount of anything. “We’re holding $500 worth of free silver coins!” reads a headline on learsilver.com. “Just for you!” But the reality is you have to purchase $20,000 of silver from the precious metals seller before you get the $500 worth of “free” silver.
7. Offers that advertise a “simple” approach to investing. So while the offering may appeal to you, know that a fixed index annuity is not simple and it’s not an investing or retirement panacea. Ask lots of questions. Consult an independent financial advisor
8. Sites that guarantee your satisfaction. The policy that a customer pays for any market loss on returns but any market gains on refunds goes to, you guessed it, the company.
9. Get-rich-quick pitches. Before jumping into any penny stock, consumers should just be aware that there have been major penny stock scams in the past, and investment experts say that penny stocks are very risky and generally warn people to be careful about investing their money this way.
Before committing any money, have a big think about the pluses and minuses of the offers, read the fine print, and only invest in products you comfortably understand. Also, it doesn’t hurt to get a second opinion from a trusted source. The more you go it alone, the more you may be susceptible to one of the above marketing ploys.