CURRENT AFFAIRS

Detailed explanation-1: -A joint report by Bain & Company and Google titled “Women Entrepreneurship in India - Powering the economy with her”, underlines the need to accelerate efforts to grow women entrepreneurs in India in both quantity and quality to solve employment challenges in the country.

Detailed explanation-2: -The history of courageous female entrepreneursin India started quite early with Kalpana Saroj. Known as India’s first female entrepreneur and the original “Slumdog Millionaire”, Kalpana Saroj bought the distressed assets of Kamani Tubes Company and steered the company back to profitability like a boss back in 2001.

Detailed explanation-3: -Falguni Nayar (Nykaa) he is one of the famous female entrepreneurs in India. After completing her studies at IIM Ahemdabad, she worked as a venture investor and merchant with Kotak Mahindra Group for around 20 years. Falguni resigned from her position at Kotak Mahindra bank to embark on her entreprenurial journey.

Detailed explanation-4: -The government of India (1984) defined woman entrepreneur as “an enterprise owned and controlled by a woman having a minimum financial interest of 51 per cent of the capital and giving at least 51 per cent of employment generated in the enterprise to women".

Detailed explanation-5: -With a net worth of $2.6 billion, Oprah Winfrey is the most famous woman entrepreneur in media and entertainment. Winfrey runs the multinational cable network OWN and co-founded Oxygen Media.