FINANCIAL AID
Ratan Tata prevents mass firing of 115 TISS staff, provides financial grants
Ratan Tata has emerged as a savior for TISS employees. Recently, the prestigious Tata Institute of Social Sciences laid off 115 staff members. However, this decision was quickly reversed after Tata, chairman of the Tata Education Trust, offered to extend financial grants.
Royal Global University launches 'Hope for Manipur Scholarship' for violence-affected students
The Hope for Manipur Scholarship by Royal Global University aids students affected by violence, creating a safe educational environment for their brighter future.
Narrowing trade deficit, rise in remittances aid current account surplus: CRISIL
Financial flows also increased leading to accretion in foreign exchange reserves during the fourth quarter amounting to USD 30.8 billion, it said. The country's foreign reserves, as of June 14, 2024, stood at USD 652.9 billion. The report said even though the FDI inflows continued, there has also been a rise in outward FDI, leading to a reduction in net flows, the report said.
Budget 2024: Govt may adjust income criteria for housing aid in urban areas
The government is preparing to revise the income criteria for middle-income groups (MIGs) to qualify for assistance under the Pradhan Mantri Awas Yojana (Urban) [PMAY(U)]. This change, expected to be included in the 2024-25 budget, aims to better target the housing scheme in urban areas.
4.37 lakh girl students enrol for 2 financial aid schemes in Gujarat
Nearly 4.37 lakh girls have registered for financial assistance under two schemes launched by the Gujarat government in March, aimed at providing support to female students from Classes 9 to 12. The schemes, 'Namo Lakshmi Yojana' and 'Namo Saraswati Vigyan Sadhana Yojana', have garnered significant interest as part of the 'Shala Praveshotsav - Kanya Kelavni Mahotsav 2024', an initiative to enroll students in Class 1 in Gujarat.
Home Minister Amit Shah assures Mizoram CM of providing aid for refugees
Union Home Minister Amit Shah assured Mizoram Chief Minister Lalduhoma of providing humanitarian assistance to refugees in the state. The Chief Minister highlighted the impact of Cyclone Remal and received assurance of a Central team visit for verification and financial aid. Mizoram is hosting refugees from Myanmar, Bangladesh, and Kuki-Zomi-Hmar tribals displaced due to ethnic strife in Manipur. Additionally, the Chief Minister met with key Union Ministers during his visit to Delhi.
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Special call auctions to aid holding companies price discovery, narrow discounts
Sebi introduces special call auctions for price discovery of holding companies, narrowing the market-book value gap. Stocks like Kalyani Investment trade at 60-85% discount to book value.
3 Indians, 4 Egyptians detained in connection with massive fire that killed 50 people, mostly Indians
Three Indians, four Egyptians, and a Kuwaiti national have been detained in connection with a fire that killed 50 people, including 46 Indians, in Kuwait. The fire, caused by an electrical short circuit in a six-storey building in Mangaf, was home to 196 migrant workers, mostly Indians. The detainees face charges of manslaughter and negligence. Compensation of USD 15,000 each will be given to the victims' families. Kuwait's public prosecutor has launched an investigation into the incident.
Manipur Governor appeals for financial aid amidst state crisis
Manipur Governor Anusuiya Uikey addressed the economic and security challenges in the state, seeking financial assistance during a meeting with the Finance Minister. A delegation of leaders from the INDIA bloc, led by Okram Ibobi Singh and M. Nara, met with the Governor at Raj Bhavan, urging swift resolution of ongoing crises, particularly in Jiribam district, where violence has displaced residents into relief camps.
Kuwait to give USD 15,000 compensation to kin of Mangaf fire victims: Report
The Kuwaiti government will give USD 15,000 each as compensation to the families of the victims of the devastating fire that killed 50 people, including 46 Indians, in the southern Ahmadi Governorate, according to a media report. The massive fire which occurred at a seven-storey building in the city of Mangaf on July 12 was caused by an electrical short circuit in the guard's room on the structure's ground floor, according to Kuwaiti authorities.
US sanctions Israeli group Tsav 9: Who are they and why are they targeted?
The United States has imposed sanctions on Tsav 9, a far-right Israeli group, for blocking humanitarian aid convoys to Gaza. Tsav 9, comprised of settlers, reservists, and families affected by Hamas, opposes aid to Gaza, alleging it benefits Hamas. The group has engaged in violent actions, including blocking roads and attacking convoys. US sanctions aim to hold perpetrators accountable, isolate Tsav 9 financially, and send a message against obstructing humanitarian efforts.
Andhra Pradesh: Chief Minister Naidu announces Rs 5 lakh aid, monthly pension for woman "harassed" by previous YSRCP govt
Andhra Pradesh Chief Minister Chandrababu Naidu has announced financial assistance and monthly pension for a woman from Kakinada allegedly harassed by the YSRCP government. Arudhra met with the Naidu to explain the difficulties faced, including legal battles over property disposal for her daughter's medical expenses. Naidu assured her of government support in her legal cases and denounced the alleged harassment by the former government.
NATO to take greater role in coordination of military aid for Kyiv, says Stoltenberg
During a visit by Stoltenberg to Budapest, Prime Minister Viktor Orban said his country would not block NATO decisions on providing support for Ukraine but had agreed that it would not be involved.
How electric car batteries might aid the grid (and win over drivers)
New technology could transform expensive electric car batteries into assets for owners, offering benefits like reduced utility bills and free parking. Automakers like Ford, GM, and BMW are exploring using electric car batteries to store excess renewable energy, creating a potential new revenue stream.
Money you paid for Gaza may be heading to Ghaziabad instead
Online scamsters are using the viral ‘All Eyes on Rafah’ campaign as an opportunity to dupe people who want to lend a helping hand or donate to victims of the war in Gaza. The most common scams related to Gaza include fake websites, fake cryptocurrency links, phishing emails, fake video links, and social media scams.
Kuki-Zomi-Hmar MLAs of Manipur accuse state government of deliberately blocking development projects in their areas
Allegations of neglect in Hill Districts of Manipur by Kuki-Zomi-Hmar MLAs against the State Government post-ethnic violence. Claims of halted development projects and discrimination. Government denies allegations citing challenges and financial crisis impacting fund releases.
What is NATO chief's proposal for military aid for Ukraine?
NATO foreign ministers will debate a military support package for Ukraine proposed by alliance boss Jens Stoltenberg, due to uncertainty over future U.S. support for Ukraine due to the possible return of former president Donald Trump to the White House. Stoltenberg has proposed putting military aid for Kyiv on a longer-term footing, along with a multi-year financial pledge. NATO's 32 member countries have different views on the plan, and the ministers will seek to narrow those divisions at their meeting in Prague.
Ukraine secures more military aid from EU members
Slow deliveries of support by its Western partners, especially a lengthy delay in military aid from the United States, have left Ukraine at the mercy of Russia's bigger army and air force. European countries have been discussing the possibility of deploying troops to Ukraine in support roles, while talk of giving seized Russian assets to Ukraine has further angered Moscow.
Flash floods due to unusually heavy seasonal rains kill at least 68 people in Afghanistan
Flash floods in Afghanistan kill 68, with 50 dead in Ghor and 18 in Farayab. Abdul Wahid Hamas reports significant financial losses in Ghor, including damage to Feroz Koh. Esmatullah Moradi confirms damages in Farayab. UN reports 2500 affected families in Ghor. WFP aids flood victims in Baghlan, inaccessible by trucks. Taliban urges support for affected communities.
How to make every rupee count
The international aid squeeze has led to a reduction in official development assistance (ODA) to food systems, creating a financing gap of $350 billion per year. Multilateral development banks (MDBs) and international financial institutions (IFIs) play a crucial role in this context but need to improve impact assessment and reporting. The World Bank has shown leadership with its scorecard, but more needs to be done to quantify the cost of inaction.
What's gone horribly wrong with the US college admission system
Applicants have more anxiety than ever. Elite schools have more power than ever. Something had to give.
Cut aid for livestock farms to help climate fight, World Bank says
Ensuring that environmental and health costs are fully priced into emissions-intensive foods made from animals would curb consumer demand for those products.
EU announces $1 bn in aid for Lebanon to shore up economy, border security
EU chief Ursula von der Leyen announced $1 billion in aid for Lebanon during a visit, aiming to boost the country's socio-economic stability amid a severe economic crisis. The aid will support basic services like education and health. Von der Leyen also urged Lebanon to tackle illegal migration, emphasizing the EU's commitment to legal pathways to Europe while seeking Lebanon's cooperation in preventing illegal migration and combating smuggling. Lebanon hosts around two million Syrian refugees, facing challenges exacerbated by its economic collapse and political turmoil.
N Chandrababu Naidu promises Rs 1 lakh Haj aid if NDA elected to power
N Chandrababu Naidu, leader of the TDP, announced a financial aid promise of Rs 1 lakh for Muslim pilgrims visiting Mecca if the NDA, comprising TDP, BJP, and Janasena, wins the Andhra Pradesh government. He made this pledge during an interaction with the Muslim community in Nellore. Naidu highlighted the TDP's past initiatives for Muslims, including granting state festival status to Rotiayaan ki Eid and establishing Urdu university and Haj Houses. He criticized the current YSRCP government for not supporting the Muslim community and alleged their support for the NRC. Naidu emphasized the Muslim community's values and work ethic.
US to take aim at Chinese banks aiding Russia war effort: Report
The U.S. plans sanctions on Chinese banks to halt support for Russia's military, risking global financial system ties. Blinken to address in China. Concerns over impact on China's economy and yuan trade with Russia.
Will Donald Trump press for giving financial aid to Israel? Know what will Joe Biden do to Ukraine now
Trump and far-right lawmakers in the House of Representatives have grown skeptical of pouring billions of dollars into Kyiv's fight against Russia's invading forces. However, after meeting Donald Trump, the house speaker said that he was considering structuring the aid to Ukraine as a loan, as Trump has suggested.
Mumbai police arrest close aide of Cox & Kings owner in Rs 400-crore bank fraud case
Mumbai police arrested Ajit Menon, a close aide of Cox & Kings owner Ajay Peter Kerkar, in connection with a fraud case involving Yes Bank. Menon was apprehended at Cochin airport in Kerala after arriving from London. A Look Out Circular was issued against him. Menon was brought to Mumbai and remanded in police custody until April 15.
Government focuses on 13 high-flier states for apprentice training
"Top officials of the Ministry of Skill Development and Entrepreneurship held the first meeting with industrial clusters in Gujarat, Delhi and Haryana to nudge micro, small and medium enterprises to engage more apprentices as the country aims to fast-track creation of a skilled workforce," said the official, who did not wish to be identified.
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