Fund Of Funds Scheme
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Centre To Provide Major Part Of Startup Fund To Sectors Like New Age Tech, AI
The commerce and industry ministry will allocate a major part of the second Rs 10,000 crore Fund of Funds Scheme (FFS) For startups to budding entrepreneurs in sectors such as new-age technology, AI, and machine building, an official said.
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Employees Can Now Generate EPFO UAN Through Face Authentication
Employees subscribing to social security schemes of the retirement fund body EPFO can now generate universal provident fund account number (UAN) and related services through face authentication, Union Labour Minister Mansukh Mandaviya said on Tuesday
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Nirbhaya Fund Not Discontinued, 49 Schemes Being Run Under It: Centre
The Nirbhaya Fund has not been discontinued, the government informed the Rajya Sabha on Wednesday.
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Centre's Scheme For Pregnant Women Severely Underfunded: Sonia Gandhi In Rajya Sabha
Congress MP Sonia Gandhi has flagged a severe lack of funds for a government programme that aims to provide maternity benefits to pregnant women.
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How To Open A PPF Account In State Bank of India?
PPF Account in SBI: The Public Provident Fund (PPF) is a popular long-term investment scheme offering attractive interest rates and tax-free returns.
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ED Seizes 'Biggest' Crypto Fund Worth Rs. 1,646 crore in PMLA Case
The ED has busted a mega money laundering scheme, seizing Rs. 1,646 crore of crypto assets. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from an FIR of the Surat Police crime branch which said the alleged fraud that took place between November 2016 - January 2018 (after demonetisation).
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RBI Imposes Restrictions On New India Co-operative Bank, Customers Unable to Withdraw Funds
The Reserve Bank of India has taken this step to protect the interests of the customers, citing concerns about the bank's financial condition.
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WazirX Tells Creditors to Approve Restructuring Scheme or Wait Till 2030 for Refunds
WazirX said if a majority of creditors vote against the scheme, they could have to wait for up to five years to get compensated for the funds they lost in the July 2024 hack. A company spokesperson told Gadgets 360 that the exchange plans to start the voting process by the end of February or early March.
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Singapore Court Approves WazirX’s Financial Restructuring Plan, Creditors to Vote Next
The Singapore High Court has approved WazirX's financial restructuring scheme, contingent on at least 75 percent of creditors voting in favour. If approved, WazirX will initiate the reimbursement process within ten business days of the scheme's effective date.
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Delhi Government, Lt Governor Must Settle Disputes Once And For All: Supreme Court
Disputes between the Delhi government and the LG must be resolved once and for all, the Supreme Court said on Thursday after being informed funds for a scheme meant for road accident victims were released.
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Centre Diverts Rs 676 Crore For Development Of Educational Institutes In Odisha
Funds provided under the PM-USHA scheme will be used for the improvement of classrooms, libraries, hostel rooms in the educational institutions.
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Bernie Madoff Ponzi Scheme Victims To Receive Final $131 Million Compensation
Thousands of people defrauded by Bernard Madoff's infamous Ponzi scheme will soon receive the final instalment of their compensation, ending an effort that has spanned over a decade.
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WazirX Restructuring Plan Heads to Court in January; Risk of Liquidation If Rejected
Zettai stated that it is awaiting Singapore Court approval to present its restructuring plan to creditors. It added that if the plan is not approved, WazirX’s only remaining option would be liquidation.
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UK Teen Discovers Child Trust Fund Left With Just 12 Pounds After Surprise Fees
Max Prince, 18, discovered that a 30-pound annual administration fee eroded nearly all the savings his family expected to grow as part of Child Trust Fund.
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India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
-
Centre To Provide Major Part Of Startup Fund To Sectors Like New Age Tech, AI
The commerce and industry ministry will allocate a major part of the second Rs 10,000 crore Fund of Funds Scheme (FFS) For startups to budding entrepreneurs in sectors such as new-age technology, AI, and machine building, an official said.
-
Employees Can Now Generate EPFO UAN Through Face Authentication
Employees subscribing to social security schemes of the retirement fund body EPFO can now generate universal provident fund account number (UAN) and related services through face authentication, Union Labour Minister Mansukh Mandaviya said on Tuesday
-
Nirbhaya Fund Not Discontinued, 49 Schemes Being Run Under It: Centre
The Nirbhaya Fund has not been discontinued, the government informed the Rajya Sabha on Wednesday.
-
Centre's Scheme For Pregnant Women Severely Underfunded: Sonia Gandhi In Rajya Sabha
Congress MP Sonia Gandhi has flagged a severe lack of funds for a government programme that aims to provide maternity benefits to pregnant women.
-
How To Open A PPF Account In State Bank of India?
PPF Account in SBI: The Public Provident Fund (PPF) is a popular long-term investment scheme offering attractive interest rates and tax-free returns.
-
ED Seizes 'Biggest' Crypto Fund Worth Rs. 1,646 crore in PMLA Case
The ED has busted a mega money laundering scheme, seizing Rs. 1,646 crore of crypto assets. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from an FIR of the Surat Police crime branch which said the alleged fraud that took place between November 2016 - January 2018 (after demonetisation).
-
RBI Imposes Restrictions On New India Co-operative Bank, Customers Unable to Withdraw Funds
The Reserve Bank of India has taken this step to protect the interests of the customers, citing concerns about the bank's financial condition.
-
WazirX Tells Creditors to Approve Restructuring Scheme or Wait Till 2030 for Refunds
WazirX said if a majority of creditors vote against the scheme, they could have to wait for up to five years to get compensated for the funds they lost in the July 2024 hack. A company spokesperson told Gadgets 360 that the exchange plans to start the voting process by the end of February or early March.
-
Singapore Court Approves WazirX’s Financial Restructuring Plan, Creditors to Vote Next
The Singapore High Court has approved WazirX's financial restructuring scheme, contingent on at least 75 percent of creditors voting in favour. If approved, WazirX will initiate the reimbursement process within ten business days of the scheme's effective date.
-
Delhi Government, Lt Governor Must Settle Disputes Once And For All: Supreme Court
Disputes between the Delhi government and the LG must be resolved once and for all, the Supreme Court said on Thursday after being informed funds for a scheme meant for road accident victims were released.
-
Centre Diverts Rs 676 Crore For Development Of Educational Institutes In Odisha
Funds provided under the PM-USHA scheme will be used for the improvement of classrooms, libraries, hostel rooms in the educational institutions.
-
Bernie Madoff Ponzi Scheme Victims To Receive Final $131 Million Compensation
Thousands of people defrauded by Bernard Madoff's infamous Ponzi scheme will soon receive the final instalment of their compensation, ending an effort that has spanned over a decade.
-
WazirX Restructuring Plan Heads to Court in January; Risk of Liquidation If Rejected
Zettai stated that it is awaiting Singapore Court approval to present its restructuring plan to creditors. It added that if the plan is not approved, WazirX’s only remaining option would be liquidation.
-
UK Teen Discovers Child Trust Fund Left With Just 12 Pounds After Surprise Fees
Max Prince, 18, discovered that a 30-pound annual administration fee eroded nearly all the savings his family expected to grow as part of Child Trust Fund.
-
India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
