WASHINGTON, D.C. (TIP): President Joe Biden has nominated Deven J. Parekh, a leading Indian American global venture capitalist, to the Board of Directors of the US International Development Finance Corporation for a fresh term of three years.
The White House sent the nomination of Parekh, a Managing Director at Insight Partners, a growth equity investment fund based in New York City, to the Senate Thursday. Parekh was initially nominated as a member of the IDFC board for a term of three years by President Donald Trump in June 2020.
Since joining Insight in 2000, Parekh has made more than 140 investments in enterprise software, data, and consumer internet businesses globally, including in North America, Europe, Asia, the Middle East, Africa, Latin America, and Australia, according to his White House profile.
In addition to his work at Insight and for the Development Finance Corporation, Parekh serves as a Board Member for the Council on Foreign Relations, the Carnegie Endowment for International Peace, NYU Langone, the Tisch New York MS Research Center, and the Economic Club of New York.
He has previously served on the Board of the Overseas Private Investment Corporation, the Advisory Board of the US Export-Import Bank, and the Technical Advisory Council of the Federal Communications Commission.
He is Chairman Emeritus of the Board of Publicolor, a non-profit organization focused on New York City public schools. In 2021, Parekh received the Robert F. Kennedy Ripple of Hope Award. He is also a Henry Crown Fellow of the Aspen Institute.
Prior to joining Insight, Parekh was a Principal at Berenson Minella & Company, a New York-based merchant banking firm, where he served on the M&A Committee.
He also worked for Blackstone on M&A and other investment activities. Parekh has a BS in Economics from the Wharton School at the University of Pennsylvania.
By statute, the Development Finance Corporation Board of Directors includes four members recommended to the President from Senate and House leadership. Parekh is the nominee recommended by the Senate Majority Leader.
Tag: North America
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Indian American Global venture capitalist Deven Parekh nominated to IDFC board
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BJANA Celebrates Buddha Jayanti
NEW JERSEY (TIP): Bihar Jharkhand Association of North America (BJANA), a 47-year-old organization in NJ, USA in partnership with the Indian consulate in New York, the east coast chapter of Bihar Foundation conducted successful celebrations of Buddha Jayanti on May 6th at the Buddha Vihar, Princeton, NJ.
Buddha Jayanti, one of the most important Buddhist holidays, commemorates the birth, enlightenment, and passing of Gautam Buddha. The event was attended by dignitaries from the consulates of India, Nepal, Vietnam, and Sri Lanka, as well as members of the Indian Diaspora from various Indian Community Organizations.On this occasion, Bihar Chief Minister Sri Nitish Kumar mentioned in his message to BJANA communities in the USA, about the teachings and ideals of the Buddha, which will enlighten us and guide us on the right path.
Nitish Kumar has appreciated the efforts we are taking in preserving the glorious history, rich cultural heritage, language, and traditions of our region in the USA. He is also confident that this celebration will help us rise above all man-made divides and spread peace, happiness, and prosperity in both the country.
The event was attended by Indian Consul General Randhir Jaiswal, he extended his warmest greetings and best wishes to all the Buddhism followers who celebrate Buddha Purnima. He congratulated BJANA and Bihar Foundation for leading the Indian community and people from Nepal, Srilanka, and Vietnam to celebrate the Buddha Jayanti together. He emphasized that the teachings of Buddha continue to inspire and guide us toward a path of peace and harmony.
The event was attended by the Consul General of Nepal Bishnu Prasad Gautam and the Consul General of Vietnam Dinh Phuong Mai, they addressed the attendees about Buddha’s enlightenment and the teachings that can bring happiness and peace in life. BJANA president Anurag Kumar welcomed the attendees and thanked everyone for being part of this celebration. The event started with the parikrama of the Lord Buddha statue and a performance by kids in the form of dance and Buddha’s teachings.
On behalf of FIA, Executive Vice President of FIA Dr. Avinash Gupta and FIA Trustee Srujal Parikh congratulated and thanked BJANA, Indian Consulate & Bihar Foundation for organizing Buddha Divas at the grand location of Buddha Vihar and getting all communities together. Alok Kumar, chairman of the Bihar Foundation East Coast Chapter in his message emphasized the importance of teachings from the life of Buddha and focused on inner peace, kindness, and compassion.
Sanjeev Singh, vice president of BJANA, expressed his sincere gratitude to the executive team, volunteers, and members of the community who helped make this event a success. Additionally, Mr. Singh thanked Dr. S. Siddharth, the principal secretary to the chief minister of Bihar, and Kumar Ravi, the commissioner of Patna, for their invaluable assistance in making this event a success.
(Press release) -
NYC Mayor Eric Adams holds a Round Table with Indian American CEOs
Roundtable Discussion with the CEOs NEW YORK (TIP): Adams, on April 18, addressed CEOs of leading Indian companies from diverse sectors such as banking, finance, pharmaceuticals, retail, diamond and IT at a CEO roundtable organized by the Consulate General of India in New York in partnership with the NYC Mayors Office for International Affairs.
CEOs participating in the roundtable included Suresh Muthuswamy, Chairman, North America, Tata Consultancy Services, Michael McCabe, Tata Sons Country Head – North America, Bhavani Parameshwara, Executive Director and President, Indievat Inc. (an ITC-owned company). Amneal Pharmaceuticals Co-CEO New York Branch Chintu Patel, Strides Pharma Chief Business Officer Shivprasad Naikoti, State Bank of India (SBI) New York Branch CEO Prashant Tripathi, Canara Bank CEO Jaya Rajappan, Empire State Titans Founder and Owner Hiren Kumar, Kushal Choksey, co-founder of Tattva Truffles, Gaurav Varma of USISFP, Anjan Lahiri of Naikenz, Chief Regional Manager Amit Malik from Bharat Electronics, Akshay Chaturvedi Country Head-USA for ICICI Bank Ltd, Tejas Shah CEO of Kiran Jewels, Sandeep Shah of Sandeep Diamond and Co-Founder of Recognize Franscisco D’Souza.
NYC Mayor Eric Adams Said – “It is very important that we understand the role of the Indian community in the city’s prosperity in three areas. One, I want to encourage them to participate in the political scene, which should be part of their business plan.” The Mayor also suggested making a bridge between school, high school kids and youth. With the company who has required skills our kids will need for the future. And lastly, it’s important that we give them the tools to help our kids intern and volunteer. We want to continue to expand and let them know that we are a partner in growing their business together,” Adams said.
From Left: Deputy Consul General Dr. Varun Jeph, Deputy Mayor Meera Joshi, NYC Mayor Hon. Eric Adams, Consul General Hon. Randhir Jaiswal, Commissioner Edward Mermelstein and Deputy Commissioner of International Affairs Dilip Chauhan. Randhir Jaiswal, Consul General of India in New York, said the mayor’s discussion and roundtable with CEOs of major Indian companies provide an opportunity to see “how we can strengthen our business engagement with New York City and India.” US relationship,” especially economic ties in the startup, tech, finance, and energy sectors. Jaiswal highlighted that India is the world’s fastest growing major economy and the country is expanding digital public infrastructure at the fastest pace globally and the roundtable amplified this message.
Dilip Chauhan, Deputy Commissioner for New York City Mayor’s Office for International Affairs, highlighted the priority and importance the Mayor’s Office places on attracting international businesses and companies to base as well as expand in the city. Deputy Commissioner Dilip Chauhan said the office is focused on increasing economic engagement with the international business community and outlined the incentives being offered to companies looking to expand their footprint in the city’s five boroughs – Brooklyn, Bronx, Queens, Manhattan, and Staten Island. Chauhan stressed that the mayor’s message is “GET STUFF DONE” New York City is a City of YES. Chauhan manages the portfolio of trade, investment and innovation for the Middle East, Asia, Africa, Australia, and New Zealand. Officials accompanying the mayor included Mira Joshi, Deputy Mayor for Operations, Andrew Kimball, President and CEO of the New York City Economic Development Corporation, and Edward Mermelstein, New York City Commissioner for International Affairs.
Deputy Commissioner for Policy and Strategic Initiatives and Chief of Staff in the NYC Mayor’s Office for International Affairs Aisata Camara, Deputy Chief Counsel in the Office of the Mayor and Chief Counsel for City Hall Rahul Agarwal, Deputy Commissioner for Public Private Partnerships and Economic Development NYC Mayor In the Office of International Affairs Kristen Edgren Kaufman and senior official Rana Abbasova.
Randhir Jaiswal, Consul General of India, presenting a book on Millets to NYC Mayor Eric Adams. -
Arctic warming may be linked to shifting weather patterns in North America
A 420 foot long advanced U.S. Coast Guard icebreaker called Healy, designed for polar research, currently sails peacefully at the Baffin Bay, located between Baffin Island and the west coast of Greenland. This year’s trip for Healy has not been a difficult one. Electrician master chief Mark Hulen, who traversed the Arctic from Seattle to Baltimore via the Northwest Passage, told the time.com: “We struggled with finding a good enough piece of ice to stand on. Nothing was thick enough.”
The temperatures in the Arctic region have risen about twice as fast as global temperatures. The National Snow and Ice Data Center, at the University of Colorado, said that Arctic sea ice has hit its annual low on September 16.
A study published earlier this month had warned that this warming can lead to extreme cold events in parts of Asia and North America.
“The thick, so-called multiyear ice (sea ice that has survived through at least one summer) is almost gone. It used to fill most of the Arctic Ocean. This year the average ice thickness is near record-low values,” says Jennifer A. Francis, Acting Deputy Director and Senior Scientist at the Woodwell Climate Research Center, US in an email to indianexpress.com.
“The basic idea is that the rapid warming of the Arctic relative to areas farther south will reduce the north-south temperature difference. This temperature difference is the main force that creates the jet stream, a river of fast-moving wind that encircles the Northern Hemisphere at altitudes where jets fly,” explains Dr. Francis.
“Larger meanders connected with rapid Arctic warming and melting mean that weather conditions in North America and elsewhere around the Northern Hemisphere tend to linger longer, creating more prolonged heat waves, droughts, stormy periods, and cold spells,” she explains.
When asked if India will see any abnormal weather patterns as a result of this rapid melting, she adds: “The northern part of India may experience more persistent weather conditions associated with Arctic warming, but the monsoon is influenced mainly by processes that work in the tropics.”
One of the Chief Scientists on the Healy, Larry A. Mayer, Professor and Director at the School of Marine Science and Ocean Engineering, University of New Hampshire told the indianexpress.com via email that in addition to creating extreme weather events, the rapid Arctic warming can also make fisheries migrate north. “We are seeing permafrost melting leading to undermining of structures and coastal erosion, severe droughts in North America may also be related to the swings in the jet stream,” he adds.
Source: Indian Express