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Ola contributes Rs 50 lakh to TN CM Relief Fund

Ride-hailing platform provider Ola on Saturday said it has donated Rs 50 lakh to the Tamil Nadu Chief Minister's Relief Fund to help the government in its fight against COVID-19 pandemic. The fund would support prevention and relief measures including healthcare support and addressing economic relief measures in the state. ".. Ola Group remains committed to helping states, communities and those most-affected by pandemic. We extend our humble contribution to the State of Tamil Nadu as we work together fighting COVID-19," Ola Group Co- founder Bhavish Aggarwal said in a company statement. "We are grateful to all men and women, who in these extra-ordinary times, who continue to serve at frontlines," Aggarwal who is also the CEO said. On Friday, another ride hailing major, Uber India had said it would offer free rides to healthcare workers and government officials of Greater Chennai Corporation engaged in coronavirus related work under its UberMedic Service. The free rides ...




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Funding the coal boom


Darryl D’Monte looks into why World Bank through its affiliates continues to fund coal power stations in India despite its claims to contrary.




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A programme for functional literacy


A few months of learning using the primers developed by Utthan have helped over 2000 women in the ravine regions of Bundelkhand so far; they no longer rely on the assistance of others for their daily reading needs. Freny Manecksha reports that crossing this threshold helps open the women many other doors too.




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Funded, controlled, and run aground


Meghalaya's vocational training system, despite being funded by New Delhi as well as the state government, has two problems. One, there is dearth of adequate number of Industrial Training Institutes (ITI). Two, the placement record is poor and does not generate demand. Ratna Bharali Talukdar finds out what went wrong.




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Fungus threat to Indian wheat advancing


Stem rust, the worst of the three rusts that afflict wheat plants, has made a comeback. Wheat crops in Africa have been at its mercy and the fungus has already broken into the middle-east. India is directly in its path, scientists predict. Sudhirendar Sharma has more.




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Tim Draper Puts Celebrity to Test With $190M Seed Fund

Tim Draper is putting his celebrity to work as a venture investor. The billionaire investor, who starred in the reality TV show Startup U and tried to make Silicon Valley its own state, has raised $190 million for a seed fund.




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The rich and famous funding elections - why not?


Any election campaign and process needs money, and as long as the exercise of money power is well-regulated, it can never thwart the power of the people, feels P V Rajeev.




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More responsibilities, less funds


The States of India account for about 55 per cent of the combined expenditure of the Union and the States, but the Centre now collects two-thirds of the combined tax revenues. Kannan Kasturi details this imbalance.




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Funding at a snail's pace


All the increased budgets for education in the country may not amount to much, if the States don't move the money fast enough to the intended uses, which is not happening now. Himanshu Upadhyaya reports.




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Urbanisation challenge: What will drive the funds?


Indian cities have neither the funds required to realise their envisaged progress, nor credible systems to ensure effective utilisation of what they have. Srikanth Viswanathan emphasises the need for accountability and more robust financial management by municipal corporations.




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Home truths on market fundamentalism


Venu Govindu reviews Globalization and its Discontents, by Joseph Stiglitz, the winner of the 2001 Nobel prize for economics.




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Three weddings and a funeral


As farm suicides in Vidarbha cross the 500-mark in under a year, families are holding funerals and weddings at the same time. Sometimes, on the same day. In moving shows of solidarity, very poor villagers are pitching in to help conduct the marriages and funerals of down-and-out neighbours, writes P Sainath.




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Drought of justice, flood of funds


Ask for expansion of the NREGS, universal access to the PDS, more spending on health and education - and there's no money. But there?s enough to give away to the corporate world in concessions, writes P Sainath.




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Pension Fund Bill, 2005


The Bill on pension reform, which is before Parliament, takes away the obligation to pay pensions from the government and shifts the responsibility of saving for old-age to the individual. How might this affect you? And how can you make your voice heard? M R Madhavan and Ruchita Manghnani present a legislative brief.




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"If anyone speaks about Hinduism, he is branded as a fundamentalist!"


Sir Mark Tully spoke recently in Bangalore on How certain should we be? The problem of religious pluralism. Revathi Siva Kumar caught up with him for this exclusive interview.




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Diversion of funds mars tribal welfare plans


In spite of the development and welfare plans and programs implemented since Independence, the tribals of our nation remain the most marginalised group. There are many valid reasons for this as Abhijit Mohanty finds out when he looks into the existing Tribal Sub Plan funds and what's happening with it.




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PMO, NGOs appeal for funds for flood-hit J&K


For those who want to stand in solidarity with the people of flood-ravaged Jammu and Kashmir, here are a few options to choose from to make financial contributions.




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Dial R to reroute funds


A financially sick state corporation in Maharashtra gets an infusion of life from the generosity of MTNL, the Centre-owned phone company. Himanshu Upadhyaya reports.




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Of chit funds and loan lotteries


Many farmers deep in debt are trying to find a way out through playing bhishi (chit funds). Denied bank loans and desperate for credit to run their farms and for other needs, they take huge risks. The results are usually tragic. P Sainath continues his series on Vidharbha's crisis.




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It's not fun anymore


Tamasha, a traditional dance form in Maharashtra for ages, is now dying. Audiences have new preferences, fashioned more by Bollywood than tradition. Ramesh Menon reports.




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कोरोना से जंग! PM-CARES Fund में 25 करोड़ रुपये का दान देगी TVS मोटर्स

TVS ने कहा कि वह टीवीएस क्रेडिट सर्विसेज लिमिटेड, सुंदरम-क्लेटन लिमिटेड और समूह की अन्य कंपनियों की तरफ से योगदान कर रही है.




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Nagpur: 'Release corporators' fund to help stranded migrants, poor people’




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Raghuram Rajan clears the air on how to fund stimulus

Raghuram Rajan clears the air on how to fund stimulus





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UK is funding three major Covid-19 clinical trials in race for cure




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Mumbai gets lion’s share of govt’s pollution fund

Mumbai is set to get the highest grant of Rs 488 crore from the Centre’s Rs 4,400 crore fund which is earmarked exclusively for cities with more than one million population in states to improve air quality during 2020-21. Delhi may miss this assistance despite figuring among the most polluted cities in the country as the fund would only be meant for ‘million plus’ population cities in states.




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BHU lab functional again, 206 Covid-19 samples sent




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Rajan clears the air on how to fund stimulus

Many have argued that while India’s lockdown has been the harshest, its stimulus package is one of the smallest — so far. To fund bigger public spending programme, the govt can either ask the RBI to print more money or raise money through borrowing. Former RBI governor Raghuram Rajan has explained how the two paths work and why ‘monetisation’ is a good option.




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Export-oriented leather units allowed to function




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Maha: No funds to help workers, say officials

The state government would be short of Rs1.4 lakh crore, or 40 % of the projected revenue for the 2020-21 fiscal, if any financial package were announced for the migrant workers’ assistance, sources in the finance department said on Friday.




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Corona victim’s funeral shifted to ghat after protest




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Prayagraj: Covid-19 victim’s funeral shifted to ghat after protest




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Changing Tracks from Cricket: Ben Stokes Takes on New Challenge to Raise Funds for NHS

Chance to Shine is a national cricket charity that delivers cricket coaching sessions in a quarter of primary schools in England & Wales every year.




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Partial Relief for Vodafone Idea as SC Asks Income Tax Department to Refund Rs 733 Crore

Vodafone Idea, formerly known as Vodafone Mobile Services Ltd, had however sought Rs 4,759.07 crore in tax refund from for AYs - 2014-15, 2015-16, 2016-17 and 2017-18.




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Infra Funding Requirement Pegged at Rs 111 Lakh Crore During 2020-25: Finance Ministry

The final report of the task force on NIP for 2019-2025 suggested steps like deepening bond markets, setting up of development financial institutions and land monetisation to meet the funding needs,




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Agriculture Infrastructure Funding Pegged at Rs 1.68 Lakh Crore for 2020-25: Govt Task Force

The final report of the task force on National Infrastructure Pipeline (NIP) for 2020-2025 presented to the government suggested agricultural reforms broadly in three areas e-market infrastructure, storage and processing, and research and development (R&D).




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GSTN Develops Functionality for Transfer of Amount Available in Electronic Cash Ledger

Form GST PMT-09 provides flexibility to taxpayers to make multiple transfers from more than one head (major or minor) to another head (major or minor) and helps with the intra-head or inter-head transfer of amount available in electronic cash ledger.




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Government Should Now Let the Economy Function Post-lockdown: Kaushik Basu

The global market is fearing that India would slide into a 'controlled economy', which would be very damaging, Basu added.




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Sebi Asks Franklin Templeton Mutual Fund to Focus on Returning Investors' Rs 25,000 Crore at Earliest

Sebi also said 'some mutual fund schemes' continued to invest in high risk and 'opaque' debt securities despite the regulatory framework having been amended for safeguarding investors' interest.




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Reliance Jio Sells 2.3% Stake to US Tech Fund Vista Equity Partners for Rs 11,367 Crore

This is the third high profile-investment in Reliance Jio in as many weeks.




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Sensex Rallies Over 600 Points in Early Trade; RIL Jumps 2% After Jio-Vista Equity Fund Deal

Equity benchmark Sensex rallied over 600 points in opening session on Friday as strong gains in index-heavyweight Reliance Industries, massive foreign fund inflow and positive global cues boosted market sentiment.




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Equity Mutual Fund Inflows Hit 4-month Low of Rs 6,108 Crore in April

Overall, the mutual fund industry witnessed net inflows of Rs 45,999 crore across all segments, data by the Association of Mutual Funds in India showed on Friday.




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Making Effort to Ensure Orderly, Equitable Exit to Investors: Franklin Templeton Mutual Fund

Franklin Templeton Mutual Fund also issued an apology to Sebi and said that comments of its top executive Jenny Johnson were wrongly interpreted, diluting her responses about the reason for winding up of schemes.




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Online Blitz Chess Tournament Raises Rs 4 Lakh for Kerala CM Relief Fund

The Checkmate Covid-19 Blitz Open, organised to raise funds for Kerala's fight against Covid-19, was won by Grandmaster SL Narayanan.




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Tennis Plans Coronavirus-related Financial Fund: 800 Players, $6 Million

Money though the Player Relief Programme, run by ATP, WTA, Grand Slam organisers and ITF, will be divided equally among men and women.




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Tennis Establishes Coronavirus Player Fund, Raises $6 Million

The Player Relief Programme will support those 'who are facing unprecedented challenges due to the global impact of Covid-19'.




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Online Chess Tourney Helps Raise Rs 15 Lakh for Karnataka CM Covid-19 Relief Fund

A total of 19,245 players registered for the CheckmateCovid Chess Tournament and GM Ankit Rajpara won it.




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French Open Organisers To Refund All Tickets After Coronavirus Forces Postponement

French Tennis Federation announced that all ticket holders for the French Open will be refunded.




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At Irrfan Khan's Funeral, Nobody Could Hug Each Other So That's The New Normal: Randeep Hooda

Randeep Hooda has reflected on hard times that people across the world have been facing since the novel coronavirus outbreak.




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Coronavirus Impact: Amazon India Extends Support to SMB Logistic Partners With Special Fund

This Partner Support Fund for SMBs in logistics will be available to Delivery Service Partners (DSP) and select Transportation partners in India.




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Stay and Play at Home: Today's Google Doodle is a Fun Peppers and Ice-Cream Game

Monday’s 'Stay and Play at Home' doodle is designed and illustrated by artist Olivia Huynh and celebrates American chemist and award-winning researcher Wilbur Scoville who is best known for the creation of the 'Scoville Organoleptic Test'.