CORPORATE DONORS
Feeling 'been there, donor that?' Lessons on CSR longevity from Tata Education Trusts
Tata Education Trusts resumed grants to TISS, addressing issues like dependency and self-sufficiency. With examples like Stanford University's shift to diverse funding, the need for smooth donor transitions is crucial. ₹15,600 cr in CSR funds highlights the importance of execution capabilities and accountability in ensuring effective impact engagement in the social sector.
IIT Madras raises 513 crore from alumni, corporates and donors in FY 23-24
The alumni did most of the heavy lifting, contributing Rs 368.19 crore, followed by the CSR segment contributing Rs 95.53 crore, with the rest coming from other sources.
Electoral bond scheme deliberately ' muddied waters' of corporate political donations: Congress
Jairam Ramesh alleged there are four primary channels of corruption in the "electoral bond scam" and everyday a new dimension emerges to the "PayPM Scam", "confirming the shocking reality of the corruption which has engulfed this country through Narendra Modi's encouragement".
Spicejet, Tech Mahindra among electoral bonds donors to AAP: EC data
Megha Engineering And Infrastructures Limited, Torrent Pharmaceuticals Limited, BG Shirke Construction Technology Pvt Ltd, Bajaj Auto Ltd, Tech Mahindra Ltd, Spicejet Limited, Derive Trading And Resorts Private Limit, Vardhman Textiles Ltd and V M Salgaocar Corporation Pvt Ltd were among the major companies that donated electoral bonds to the party.
Electoral Bonds: Lifting veil on Megha, Vedanta, Future Gaming and Reliance-linked co's donations to BJP, TMC, Congress & others
The State Bank of India (SBI) has released the complete electoral bond data as per the Supreme Court's directives. The dataset contains unique alphanumeric numbers linking bond purchasers to the political parties redeeming them.
"38 corporates donated Rs 2,004 cr to BJP through electoral bonds": Priyanka Gandhi
Priyanka Gandhi Vadra criticizes BJP over electoral bond scheme, alleging legal corruption. She claims 38 corporate groups donated Rs 2,004 crore to BJP and received contracts/projects worth Rs 3.8 lakh crore. Priyanka alleges ED, CBI, and IT raided 41 corporate groups, leading to Rs 2,592 crore in donations to BJP. She also mentions 16 shell companies donating Rs 419 crore. Priyanka accuses the government of turning agencies into an 'extortion racket' and demands the PM account for the alleged loot.
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Electoral Bond data: Five key takeaways on corporate funding of political parties
The electoral bond data showcases evolving corporate funding trends for political parties, with new entrants impacting financial support dynamics among major players like BJP, INC, and Trinamool Congress.
Electoral bond data released: Here's a complete list of donors who contributed Rs 10 crore or more
The Election Commission has released detailed data on electoral bonds, sourced from the State Bank of India (SBI), following a Supreme Court deadline. The information reveals major buyers, including industrialists like Lakshmi Mittal, Sunil Mittal's companies, Vedanta, ITC, and Mahindra and Mahindra. Future Gaming and Hotel Services, under ED scrutiny, bought bonds worth over Rs 1,350 crore. Vedanta Ltd, Sunil Mittal's companies, and others also made significant purchases. The BJP, Congress, and several other parties received donations through these bonds, aiming to enhance transparency in political funding.
Half measures can make things murky
Judicial intent for voter choice through EB disclosures risks driving corporate donations underground, potentially compromising anonymity and transparency. Lobbying legitimacy could enhance governance, benefiting both voters and shareholders.
Congress raises questions over PM CARES Fund, asks about 'lack of transparency'
Congress general secretary Jairam Ramesh alleged that given the history of the Modi government, as shown by the "electoral bond scam", one can only speculate that the lack of transparency was deliberately engineered to give the prime minister an unsupervised pool of funds to spend as he wishes.
View: Lifting veil on corporate political donations via poll bonds throws troubling questions
Electoral bonds data revealed major donors' name, raising concerns about the relationship between money and politics ahead of the upcoming Lok Sabha elections. The disclosure of anonymous electoral bonds sheds light on hidden transactions and highlights the need for transparency in democratic processes.
Electoral trusts since 2014 have also weighed in favour of BJP
The examination of corporate donations to political parties via electoral bonds reveals significant contributions to the ruling BJP through trusts like Prudent. Major donors include Serum Institute of India, Greenko energy, Essel Mining, Vedanta, Airtel Bharti, Torrent, Tatas, and Reliance.
Opposition asks Govt and ECI to implement SC order and release donors' names
They asked the Modi government to follow the judicial order and ECI to release the names of donors. Congress sounded caution against any move by the Centre to try and circumvent the order through an ordinance. A jubilant CPI(M) reminded all that it was the only political party among the petitioners in the case against the electoral bonds.
Electoral bond SC verdict: India will know all info about all donors and receivers, hidden so far, by March 13
Electoral bond case: The State Bank of India, the authorised seller of these poll bonds, was directed by the apex court to provide details of donations made through these bonds, as well as all relevant info on whoever the money went to.
SC rules electoral bonds scheme 'unconstitutional'; Here are the key takeaways from the verdict
The Supreme Court has deemed the electoral bonds scheme "unconstitutional," citing its violation of the right to information. The scheme allowed anonymous corporate contributions to political parties. The court has directed the State Bank of India (SBI) to stop issuing electoral bonds and disclose details of parties that received them. The decision, coming ahead of the Lok Sabha elections, aims to enhance transparency in political funding. The ruling BJP reportedly received significantly more funding through electoral bonds than the Congress, raising concerns about fairness and transparency in political financing.
Megha Engineering, Serum Institute, ArcelorMittal top list of corporates in political funding through trusts, says ADR Report
The BJP received Rs 259 crore or 70.69% of the total donations received by all political parties from electoral trusts. The BRS got Rs 90 crore or a fourth of the total donations received by all parties from all five electoral trusts. Other three political parties including YSR Congress, AAP and the Congress together got Rs 17.40 crore.
Cash-for-kidney case: Govt says 'need concrete evidence' before taking action
The Union Ministry has ordered an inquiry into allegations of a cash-for-kidney scam against Indraprastha Apollo hospital. The government requires concrete evidence before taking action. The case involves elaborating forging identity documents and staging 'family' photographs to present donors as relatives of would-be patients.
After Delhi govt, Centre orders probe into allegations against Apollo Hospitals' involvement in kidney trafficking
The Delhi government is initiating an inquiry into allegations of Apollo Hospital's involvement in the illicit procurement of kidneys from impoverished individuals in Myanmar for affluent patients in the country, as reported by the London-based newspaper 'The Telegraph.'
COP28: Donors join IFC to lure $11 billion in climate cash
Launching the Allied Climate Partners (ACP) platform on Friday, the group aims to use an initial $825 million to attract far more private cash than any previous blending of public and private money of this kind has managed.
Emerging world needs $1.5 trillion for green buildings, IFC says
IFC identifies a $1.5 trillion investment opportunity to cut emissions in the building sector in emerging markets.
Care to stay anonymous?
A school management approached an industrialist with appeal to part-finance renovation of their dilapidated school building. After a few moments, the eminent industrialist said, 'I shall bear entire expenses, but there is a condition. At the entrance of building and three other locations of my choice, my name shall be prominently engraved.'
View: BBC's craven conduct underlines what lies at the heart of the corporation
BBC was recently rocked on its heels by a self-manufactured controversy. Its programme, Match of the Day, is known, by the BBC's own admission, as the 'world's most famous football show'. In it, former England captain, Gary Lineker, presents highlights of the day's matches from the Premier League.
BJP received Rs 614 cr as donation, Cong Rs 94 crore in 2021-22: ADR
The BJP received Rs 614 crore as donation in 2021-22, while the Congress got Rs 95 crore, according to poll reform body ADR. According to a report by the Association for Democratic Reforms (ADR), the total donations (above Rs 20, 000) declared by the national parties for 2021-22 was Rs 780.774 crore from 7,141 donations.
India makes inroads into Sri Lanka under China's long shadow
New Delhi has long been concerned about China's clout in its neighbourhood, including Nepal, Bangladesh and Sri Lanka. Sensitivities have been heightened, and diplomatic relations frayed, since Indian and Chinese troops clashed along a remote Himalayan border in 2020, leaving dozens of soldiers dead.
New CEO calls FTX's corporate control a 'complete failure'
FTX collapsed last week after a run on deposits exposed a deep financial hole in the business. Last Friday, the company filed for bankruptcy, and its CEO, Sam Bankman-Fried, resigned.
95% Donations through electoral bonds going to BJP as donors scared of funding other parties: CM Ashok Gehlot
Rajasthan Chief Minister Ashok Gehlot on Saturday claimed that the Bharatiya Janata Party (BJP) is getting 95 per cent of the total donations made through electoral bonds as donors are not providing funds to other parties out of fear.
Health insurance cover eludes many organ donors
Their existing insurance covers the cost of transplant and post-operative treatment, but a new enhanced insurance post-surgery is difficult, donors and recipients said.
Contributions continue to pour in from domestic, foreign firms in fight against COVID-19
Social media timelines are filled with SOS calls with people looking for oxygen cylinders, hospital beds, plasma donors and ventilators. Organisations across the spectrum have come forward to support the fight against the COVID pandemic.
IndusInd Bank pledges Rs 30 crore towards Covid-19 relief efforts
IndusInd Bank said it has supplied relief materials such as face masks, hand sanitisers and gloves to the affected areas to and is also working on facilitating personal protective equipment (PPE) for medical officials on duty.
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