Abhijeet Dipke, founder of the Cockroach Janta Party (CJP), has called for the PM CARES Fund, which holds over Rs 8,452 crore, to be used to improve infrastructure in rural schools and build more than 1,000 new high-tech schools, highlighting the dire conditions faced by children.
The PM CARES Fund experienced a 30 per cent decrease in domestic donations and an 18 per cent drop in foreign contributions during the fiscal year 2024-2025. Despite this, the total balance in the fund increased to Rs 8,452 crore, primarily held in fixed deposits and savings accounts. The fund's expenditure on the PM CARES for Children Scheme also saw a sharp reduction.
Banaras Hindu University (BHU) has received approximately Rs 15 crore in funding from the Indian Council of Medical Research (ICMR) for six biomedical research projects. These projects aim to address critical national health priorities, including cancer detection, antimicrobial resistance, and pediatric septic shock, fostering advanced research and improving patient care.
The Biotechnology Industry Research Assistance Council (BIRAC) has chosen seven to eight biotechnology startups as the initial group to receive funding from the government's ~1 trillion Research, Development and Innovation (RDI) Fund, with an average investment of approximately ~25 crore per startup.
Quimcy D'Souza, a self-funded and self-coached Indian teqball player, competed at the Asian Games with the aim of popularising the sport in India. Despite narrowly missing out on two bronze medals, D'Souza views her journey as a crucial first step towards establishing teqball in the country and inspiring more athletes.
The British government has announced the rollout of specialist courts for rape and serious sex offences across England and Wales. Backed by significant funding, these courts aim to accelerate conviction rates, prioritise cases, and provide better support for victims, addressing the current low prosecution rates and long delays in the justice system.
India's deposit growth has reached a 15-year high of 17.8 per cent, primarily driven by a surge in foreign currency non-resident (bank), or FCNR(B), deposits. This influx of funds is expected to lead to a softening of corporate loan rates as banks seek to deploy their excess liquidity.
Investors now have 27 passive smallcap funds to choose from 17 index funds and 10 ETFs.
Dig into the prospectus. Use the prospectus to understand the business and its risks.
88 per cent of individual traders lost money during FY26. Until we recognise gambling dressed up as option buying for what it is, we will keep treating the wrong disease, asserts Harsh Roongta.
The Indian government has introduced a 0.4% transaction fee on Unified Payments Interface (UPI) payments exceeding Rs 2,000 for merchants, effective October 15, marking the end of nearly six years of free service. Person-to-person transfers and small-value transactions below Rs 2,000 remain free. The new Merchant Discount Rate (MDR) is capped at Rs 300 for transactions above Rs 75,000, with differentiated rates for essential sectors and investments, and safeguards to prevent costs from being passed to consumers.
Larger NGOs could no longer work with smaller ones, especially those organisations working on the ground that had no means of or expertise in raising money themselves, reveals Aakar Patel.
The high court had dismissed the PIL relying on the apex court's decision of August 18, 2020, which refused a plea by NGO CPIL for the CAG audit of PM-CARES Fund.
Legendary Indian hockey player Harbinder Singh reminisces about India's historic first Asian Games gold medal in 1966, defeating arch-rivals Pakistan. He shares insights into the team's motivation, the challenging final match played with 10 men, and the evolution of hockey over the decades, including concerns about declining domestic spectator interest and India's prospects for future Asian Games.
The Indian government has introduced a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant (P2M) transactions exceeding Rs 2,000, effective October 15. This move ends nearly six years of fully free UPI payments, though person-to-person (P2P) transfers and small P2M payments remain free. The charges aim to bolster investment in UPI infrastructure, with specific exemptions and caps for essential sectors.
The bench did not agree to the contention of the lawyer that the fund has been created without following the schemes enumerated under Articles 266 and 267 (which deal with the contingency and the Consolidated Funds of India) of the Constitution.
Haiwaan's staggeringly foolish notions make for unintended comedy, rues Sukanya Verma.
The Allahabad High Court has expressed strong displeasure over the delay in the release of funds to NGO-run juvenile homes operating under the Mission Vatsalya scheme, warning of action if a solution is not presented by May 29.
Used-car financing has seen significant growth, but borrowers must be aware of higher interest rates, conservative loan-to-value ratios, shorter tenures, and the risk of owing more than the car's depreciated value. Understanding these factors is crucial for making informed decisions.
Several pilgrims from Tamil Nadu, including Ilavarasi and Chitra, have gone missing in Nepal following devastating flash floods, leaving their families distraught and appealing for urgent government rescue efforts.
If you do not insulate your retirement corpus from the true cost of modern critical care, you don't have a retirement plan -- you have a fragile strategy waiting for an expensive medical emergency to break it
Retirement planning is not a test of how smart you are; it is a test of how well you control your behaviour.
Singhvi said for this government it seems national security is not important.
For India, the goal is not simply to host another grand diplomatic gathering. It is to prove that a diverse coalition of emerging powers can still deliver.
'Once you're wrestling with making a merger of that scale value-accretive, you're also under pressure to keep growing the balance sheet and chasing liabilities, and other things start to slip as a consequence.'
Can your money be protected against online frauds like hacking, digital arrests, etc?
India's market regulator, Sebi, is set to issue a consultation paper proposing changes to the methodology for determining settlement prices of derivative contracts, following significant feedback and 'sharp price spikes and distortions' observed during the recently implemented Closing Auction Session (CAS) mechanism.
They were participating in a debate on the bill for giving effect to various compliance relief measures for taxpayers, including extending time limits for filing returns, in the wake of the coronavirus crisis and tax benefits for donations to PM CARES Fund.
Prime Minister Narendra Modi has lauded the people for contributing wholeheartedly to the PM CARES Fund as he chaired its meeting which was also attended by newly-nominated trustees Justice K T Thomas, former deputy Lok Sabha speaker Kariya Munda and Ratan Tata, the PMO said on Wednesday.
The Income Tax Department has initiated a nationwide verification drive targeting suspicious foreign remittances made by entities with minimal business activity, including those in border districts, and is scrutinising the chartered accountants who issued the mandatory tax determination certificates.
Investors should cap gold allocation at 10-15 per cent and consider staggered purchases through gold ETFs.
An Indian-origin chief financial officer of a US spinal implant company has been sentenced to a four-month jail term for his role in a scheme to bribe surgeons. Aditya Humad conspired to pay over USD 540,000 in sham consulting fees to surgeons to induce them to use SpineFrontier's products, leading to millions in revenue for the company and undermining healthcare safeguards.
'The sales pressure on the ground, a board and CEO not fully aligned, and a senior team that isn't pulling together -- that's when these things surface.'
Since this is a long-term investment, investors must do their homework and choose a fund manager carefully.
Justice Yashwant Varma issued notice on the challenge to the CIC order by the Income Tax Authority and sought the stand of the RTI applicant Girish Mittal, saying that "the matter requires consideration."
The Centre has established a committee to draft an agreement and finalise modalities for a 'permanent political solution' to the Gorkha identity issue in the Darjeeling hills and adjoining areas, following a tripartite meeting with Union Home Minister Amit Shah, Gorkha leaders, and the West Bengal government.
The Union government told the Nagpur bench of the Bombay high court that audit statement of receipt and payment accounts of the PM CARES Fund for 2019-20 was available on the trust's website.
Understanding the most common mistakes during market downturns can help you protect your investments and stay focused on your long-term financial goals, says Ramalingam Kalirajan
Allocates donation to UNICEF Australia's India COVID-19 Crisis appeal instead.
From offering office premises that can be converted into isolation wards to earmarking funds to be used for procuring kits, ventilators as well as personal protective equipment for health care workers, India Inc has put a united front to combat the unprecedented crisis facing the country.
