Firoz Merchant honored by the government of UAE

Firoz Merchant honored by the government of UAE

Question: Recently Indian businessman Feroz Merchant was honored by the Government of UAE for …
(a) Business Accumen
(b) Philanthropy
(c) Promoting education.
(d) Promoting ethical values in business
Answer:- (d)
Recently facts:-

  • On August 07, 2017, Indian businessman and philanthropist Firoz Merchant was honored with UAE’s prestigious “Community Service Medal”.
  • The award was given to Mr. Merchant in recognition of his efforts to serve the community in the country and beyond
  • Firoz Merchant has spent more than $4 millions to help free prisoners languishing in jails due to non-payment of debts.
  • This is the first time any expatriate community member has been given this prestigious award.
  • Mr. Merchant, founder and chairman of Pure Gold Jewellers, has spent Dh 15 million (USD 4.08 million) in paying off the debts of 10,940 prisoners languishing in the countrys jails due to non-payment of debts since 2008.

Resource link:-
http://indiatoday.intoday.in/story/indian-philanthropist-honoured-by-uae-govt/1/1020240.html