Funds

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Funds - Total results - 108
States scramble for funds as coronavirus takes toll on coffers; seek central government and RBI support
Business

States scramble for funds as coronavirus takes toll on coffers; seek central government and RBI support

A three-week nationwide lockdown is testing the resilience of state governments, with analysts warning that essential public services and health care for millions of Indians will be in jeopardy without further central government and RBI support

Subhash Chandra-run Essel plans to raise $400 m to refinance group's Mauritius holding firm
Business

Subhash Chandra-run Essel plans to raise $400 m to refinance group's Mauritius holding firm

In November 2018, Essel Group had said that it was planning to sell up to 50 percent of the promoters' equity in the group flagship media arm ZEEL to a strategic partner.

Poor capital management, inefficient budgeting root causes of sorry state of Indian Armed Forces
India

Poor capital management, inefficient budgeting root causes of sorry state of Indian Armed Forces

Inefficient budgeting and underutilisation of defence funds emerge as major hurdles for the Indian services — army, navy and the air force — according to an action taken report submitted to the Parliament

Centre tells Arvind Kejriwal to step up work under 'Clean India'; claims Delhi govt built only 328 public toilets
India

Centre tells Arvind Kejriwal to step up work under 'Clean India'; claims Delhi govt built only 328 public toilets

Union Housing and Urban Affairs Minister Hardeep Singh Puri recently criticised Delhi Chief Minister Arvind Kejriwal for under-utilising funds released under Swachh Bharat Mission to build toilets

Mamata Banerjee claims Centre owes West Bengal over Rs 13,000 crore under developmental schemes in 2017
India

Mamata Banerjee claims Centre owes West Bengal over Rs 13,000 crore under developmental schemes in 2017

West Bengal chief minister Mamata Banerjee on Monday said the Centre owes the state more than Rs 13,000 crore under various developmental schemes in 2017.

Assam floods: Jharkhand government contributes Rs 5 crore to Chief Minister's Relief Fund
India

Assam floods: Jharkhand government contributes Rs 5 crore to Chief Minister's Relief Fund

As a mark of solidarity to flood affected people of Assam, the Jharkhand government Thursday contributed Rs 5 crore to the Chief Minister's Relief Fund

FIR lodged against former Manipur CM Ibobi Singh and five others for alleged misuse of govt funds
India

FIR lodged against former Manipur CM Ibobi Singh and five others for alleged misuse of govt funds

An FIR has been lodged against former Manipur chief minister O Ibobi Singh and five former bureaucrats of the state for alleged financial irregularities in the Manipur Development Society (MDS), a police officer said on Saturday

Tripura tribal body accuses NITI Aayog of not releasing funds regularly, blames central govt for delay
India

Tripura tribal body accuses NITI Aayog of not releasing funds regularly, blames central govt for delay

A top official of the TTAADC has claimed that the NITI Aayog has begun a "financial blockade" against the autonomous body by not releasing funds regularly.

Pakistani politician, Malik Naveed, shot dead by gunmen in Baluchistan
World

Pakistani politician, Malik Naveed, shot dead by gunmen in Baluchistan

Gunmen on Thursday shot and killed a Pakistani regional political party leader in the city of Quetta, police said, the latest violence in the southwestern province of Baluchistan

Maharashtra farmers' loan waiver: State govt announces bank account to receive donations
India

Maharashtra farmers' loan waiver: State govt announces bank account to receive donations

Faced with financial constraints after announcing the "biggest ever" farmers' loan waiver in the country, the Maharashtra government has decided to open a separate bank account to receive donations for the scheme from people

Kumar Vishwas quits 'responsibility' of being AAP's overseas fundraiser
Politics

Kumar Vishwas quits 'responsibility' of being AAP's overseas fundraiser

Senior Aam Aadmi Party leader Kumar Vishwas on Saturday said he has volunteered to leave the "responsibility" of being the main overseas fundraiser for AAP, which has been accepted by the party's National Executive.

AAP in crisis: Party's political funds comes under I-T scanner, could be tried for tax evasion
Politics

AAP in crisis: Party's political funds comes under I-T scanner, could be tried for tax evasion

A day after Kapil Mishra accused Delhi Chief Minister Arvind Kejriwal of taking bribe, the income tax department has reportedly found some discrepancies in its tax filings.

Flipkart has raised $1.4 billion, its largest ever as the war with Amazon heats up
News & Analysis

Flipkart has raised $1.4 billion, its largest ever as the war with Amazon heats up

India's top e-commerce firm Flipkart has raised $1.4 billion in its biggest fundraising to date as it takes on U.S. tech giant Amazon.com Inc.

Air India: Why are MPs hell bent on funding the white elephant with tax-payers' money?
Business

Air India: Why are MPs hell bent on funding the white elephant with tax-payers' money?

The very purpose of resisting any disinvestment in Air India is that the politicians continue to get vast privileges while travelling aboard the state owned airline, never mind its precarious financial health

Pension regulator now allows transfer from EPF to NPS
Business

Pension regulator now allows transfer from EPF to NPS

As the rules, a member looking to transfer funds from EPF to NPS must have an active NPS Tier-I account, which can be opened either through the employer where NPS is implemented or online through eNPS on the NPS Trust website.

Startups need support from the government to decrease the failure rate
Startup

Startups need support from the government to decrease the failure rate

Startups in India face numerous challenges at different stages in terms of incorporation, fund raising and hiring and they need adequate support to tide over these difficulties and minimise failures, says a report.

MobiKwik is aiming at more funds which will give it $1 billion valuation
News & Analysis

MobiKwik is aiming at more funds which will give it $1 billion valuation

Indian mobile payments and digital wallet firm MobiKwik says it is in talks to raise more funds at a level that would give the start-up a $1 billion valuation, as it pushes to forge new ties with banks and offer new financial services on its platform.

Bharti Airtel is planning to raise funds to counter Reliance Jio
News & Analysis

Bharti Airtel is planning to raise funds to counter Reliance Jio

Bharti Airtel intends to raise funds via a private placement of bonds in order to take on Reliance Jio Infocomm. Airtel, which will announce its Q3 results on the same day, however, didn't disclose the amount it plans to raise.

Philippine bank RCBC and Bangladesh trade blames over responsibility for missing millions of dollars
News & Analysis

Philippine bank RCBC and Bangladesh trade blames over responsibility for missing millions of dollars

Philippine lender RCBC and a Bangladeshi minister traded blame on Tuesday over liability for tens of millions of dollars that were looted from a New York bank and then went missing in Manila after one of the biggest bank frauds ever.

Bangladesh sends a team to Philippines to speed up the recovery of funds stolen in SWIFT hack
News & Analysis

Bangladesh sends a team to Philippines to speed up the recovery of funds stolen in SWIFT hack

A Bangladesh delegation will visit the Philippines to speed up recovery of the rest of some $81 million stolen from its account in the New York Federal Reserve in February, two officials said on Thursday, after recovering a fifth of the funds.