US Jain body creates a million-dollar education fund
Detroit: An umbrella organization of 72 Jain associations in the US and Canada plans to create a one million dollar educational fund to support needy Jain families.
The decision was announced at the 17th biennial convention of the Federation of Jain Associations in North America (JAINA) with the theme 'Jainism: The Global Impact' held July 4-7 in Novi, a suburb of Detroit.
Sam Pitroda, chairman of the National Innovation Council and advisor to the Indian prime minister, was the keynote speaker at the convention attended by over 3,500 delegates, including a couple of hundred from outside North America.
The vast majority of some 150,000 Jains in North America emigrated in the 1960s and '70s, and were predominantly entrepreneurs and professionals. The programming focused on multiple ways that Jainism has impacted the world today and will continue to do so in the future, according to a media release.
RBI Chief Raghuram Rajan stated that more economic data is needed to be confident that economic growth is picking up, although he added that the benefits to exports from the Rupee's fall is yet to kick in.
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