'This fund will enable micro-donations as a result of which a large number of people will be able to contribute with smallest of denominations,' a statement said. People can visit www.pmindia.gov.in to make contributions using credit and debit cards, UPI, net banking and RTGS or NEFT, it said.
Rohit Sharma, who is the vice-captain of the Indian ODI team, has donated Rs 45 lakh and Rs 25 lakh to the and CM's Relief Fund (Maharashtra) respectively. He has given Rs 5 lakh to 'Zomato Feeding India', which is helping families affected by the ongoing national lockdown, and another Rs 5 lakh to help aid the welfare of stray dogs.
Net NPAs increased to Rs 36,260 crore in the December quarter from Rs 34,843 crore in September and Rs 33,116 crore in December 2023, observes Tamal Bandyopadhyay.
Nimisha Priya, an Indian nurse sentenced to death in Yemen for the alleged murder of a Yemeni national, faces imminent execution despite the payment of blood money. Despite the lack of bilateral ties between India and war-torn Yemen, family members and human rights activists are clinging to hope for a last-minute pardon. The family has raised funds through a crowdfunding campaign to cover legal fees and negotiations, and is prepared to pay any additional amount required. However, the execution order received presidential approval despite ongoing proceedings, leaving little time for intervention. Priya's family is burdened by debt and seeks urgent support from the Indian government to save her life.
The Delhi high court on Monday directed Trinamool Congress leader Saket Gokhale on Monday to apologise and pay Rs 50 lakh damages to former diplomat Lakshmi Murdeshwar Puri, wife of Union minister Hardeep Singh Puri, for his defamatory tweets against her over the purchase of a property in Switzerland.
'The time has come to have a relook at the Constitution as every document has a shelf life.'
After Urjit Patel's appointment as RBI governor-designate, the bond market witnessed a sell-off, as it became evident that there won't be any significant change in stance
Pananjay Tiwari, founder and director of Impel Overseas Education, explains how the new changes can impact Indian students who are applying to US universities and those who are already studying in the US.
'At least 25 Olympic-sized swimming pools worth of plastic chewing gum gets dumped.' 'And because the way people spit it out, there's no possible way this plastic can be recycled.'
Do we have enough trained oncologists and medical professionals in India to man these over 4,500 beds in the public sector?
The minister, while replying to the debate on Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020, was responding to various issues raised by the Congress and other Opposition parties about the PM CARES Fund.
There remains a debate on who said this: "When the facts change, I change my mind. What do you do, Sir?" Was it the British economist John Maynard Keynes or the American economist Paul Samuelson. Irrespective of who said it, this sentiment appears to have found resonance in ITC's boardroom in recent years.
'He will be remembered more for what he did as finance minister -- as someone who functioned well when the political fallout was taken care of.'
The most striking features of this Budget was its focus on simplification and improving the ease of doing business in India, asserts Kaku Nakhate.
The Indian Olympic Association (IOA) has helped raise 71 lakh through donations from its state affiliates and National Sports Federations (NSF) as contribution towards the country's fight against the COVID-19 pandemic. The IOA will transfer the donations to Prime Minister Cares Fund, the statement added.
Under its new chairman Tuhin Kanta Pandey, the Securities and Exchange Board of India (Sebi) has gravitated towards greater transparency and ease of doing business, setting an objective of "effective and optimum" regulation. On Monday, during its first board meeting under Pandey, the regulator has decided to constitute a high-level committee (HLC) to review conflicts of interest and unveiled initiatives to simplify regulatory processes.
Former world champion Viswanathan Anand and five other leading Indian players will compete in an online chess exhibition on April 11 to raise funds for country's fight against COVID-19. The event will be streamed live on chess.com/tv, where all donations made will be sent to the PM's CARES Fund.
All efforts should be on relief, restoration and rehabilitation, Nadda told reporters in Shimla after visiting the rain-affected areas of Poanta in Sirmaur and Shimla town.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
After registering a net profit of Rs 25.1 crore in Q3FY25 and consolidated revenues growing by 7 per cent on a like-for-like basis, Siddharth Mittal, chief executive officer (CEO) and managing director, Biocon, told Sohini Das/Business Standard in a virtual interaction that local manufacturing in the US is a trade off between cost and qualifying to do business there.
'The government does not want to be transparent or accountable. Therefore, they do not want to appoint information commissioners.'
Banks are likely to see their net interest margins (NIM) - broadly the difference between interest earned on loans and paid on deposits - shrink by another 30 basis points (bps) over the next few quarters. After hitting a peak of 3.3 per cent in the third quarter (Q3) of the financial year ended March 31, 2023 (FY23), NIMs have been on a downward trajectory, touching 3.13 per cent in Q2FY24 on higher cost of funds, according to capital markets firm CARE Ratings. Banks are still grappling with the Reserve Bank of India's policy rate increases - that have made deposits costlier as the interest payable to customers has increased - and the regulatory actions on unsecured lending.
Writer E Jean Carroll had alleged that Trump 'raped' her in the Bergdorf Goodman department store in 1996. He later denied her claim, defamed her by saying she wasn't his type, and suggested she fabricated the story to boost sales of her book.
'When Prime Minister Modi met President Trump, they agreed to initiate a bilateral trade dialogue.' 'It makes sense to give these negotiations a chance.'
Investors need to carefully assess country-specific risks. 'This is especially true of a market that is less transparent than the US.'
With India all geared up to fight the coronavirus pandemic, film folk have come forward to help out and contribute to the PM-CARES relief fund.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
'They take care of the problem: How can I ensure my child's education and other goals are not compromised, even if I am not around?'
Union Finance Minister Nirmala Sitharaman's call for making lending rates affordable may not resonate anytime soon as banks still struggle with margin compression, and await clues from the Reserve Bank of India (RBI) on liquidity and rate action. Hinting that any lending rate cut was some time away, State Bank of India (SBI) managing director Vinay M Tonse said there was still some aggression in the market regarding deposit pricing.
'The problem is that the bubble may not only be in valuations, but also in investors' minds.'
Are you ready to take control of your financial future? Ramalingam Kalirajan offers a step-by-step guide to calculate exactly how much money you will need when you enter your golden years.
The one-year returns for equity-oriented mutual fund (MFs) schemes have largely mirrored the gains made in the secondary market. However, schemes that invest in infrastructure (infra), small-cap, and public sector undertaking (PSU) banks have emerged standout performers, with gains in excess of 100 per cent in some cases. Of the total 484 equity schemes, 353 have managed to beat the Sensex, reveals the data provided by Value Research. Around 20 have delivered returns in excess of 90 per cent and six schemes have given returns of over 100 per cent in the past one year. The S&P BSE Sensex Total Return Index (TRI) has given returns of 51 per cent in the last one year, ended October 29.
the largest transactions of the year include the merger of Quality Care India and Aster DM Healthcare valued at $5.08 billion, followed by Bharti Enterprises' acquisition of a 24.5 per cent stake in the BT Group at $4.08 billion, and a family settlement transaction in the Godrej family at $3.5 billion.
'Binary fission will happen -- startups will lead to more startups.'
Retail investors have been the hardest hit in the recent market downturn, with stocks where they hold over 20% falling 45% from their 52-week highs.
Cricketer-turned-politician Gautam Gambhir on Thursday said he will contribute his two years' salary as an MP to the Prime Minister-CARES fund to tackle the coronavirus pandemic sweeping through the country. The BJP's Lok Sabha member from East Delhi made the announcement on his Twitter page, urging people to come forward and donate generously.
Indian badminton team's chief coach Pullela Gopichand, multiple world title holder cueist Pankaj Advani, former hockey captain Dhanraj Pillay were some of the prominent names who made financial contribution in country's fight against coronavirus pandemic.
'If they aim to remain aligned with the public sentiment, as any democratic government should, then they must respond. Why else would the prime minister have cut short his visit to Saudi Arabia? And why would he have instructed the home minister himself to travel to Srinagar to assess the situation firsthand? This suggests that something is indeed being planned. I am quite certain of that, although the exact form it will take remains to be seen.'
The sudden and surprising announcement by Anderson comes within days of a Republican Congressman, a member of the House Judiciary Committee, asking the Department of Justice to preserve all the documents and communications related to the investigations of Adani and his companies.
The Rural Development Ministry has been allocated Rs 1.88 lakh crore in the Union Budget for 2025-26, around 5.75 per cent more than the allocation in the previous budget.
