The double-digit pay increase in fiscal 2021 compares with a 3% rise in FY20 when the nationwide lockdown had affected the last ten days of the fiscal year and the wallets of CEOs as many boards decided to freeze or cut the bonus and variable pay, thus taking away a large chunk from the salary of top executives.
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New Delhi: Having announced launching IIT Delhi’s Endowment Fund on October 2019, the Institute today opened its doors to its new Endowment Centre and Management Foundation Office at a special ceremony presided over by Prof V Ramgopal Rao, Director,
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In an attempt to strengthen its bond with its alumni, IIT-Delhi on Thursday inaugurated an Endowment Centre and Management Foundation Office at its main administrative building.
The centre provides a distinct showcase of how the contributions of alumni are supporting the advancement and realisation of the institute’s aspirations for the future.
Addressing global alumni on the occasion via live streaming of the event, IIT-D Director V. Ramgopal Rao said the office demonstrates the collaborative commitment between the institute and the alumni and hoped that it would further strengthen the institute’s bond with alumni.
IIT-D chairman of Endowment Management Foundation, Arun Duggal, said: “Within this smart modern, collaborative facility, advancement team will leverage our academic, industry and community connections in innovative ways.”