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Big Cut For Intelligence Units In Nirmala Sitharaman's Budget 2025
Intelligence gathering has taken a back seat in the Union Budget 2025-26 as the Centre has reduced the flow of funds of several verticals that deal with intelligence collection and dissemination.
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Budget Allocates Rs 20,000 Crore To Science Department To Kickstart Research Fund
Signalling a commitment to research and development, Union Finance Minister Nirmala Sitharaman on Saturday allocated Rs 20,000 crore to the Department of Science and Technology as a corpus for a fund to promote private sector-driven innovation.
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Budget 2025: Tech in Focus With Framework for GCCs, New 'Fund of Funds' for startups, CoE for AI
Finance Minister Nirmala Sitharaman announced a national framework for Global Capability Centres (GCCs), a Rs 500-crore Centre of Excellence in AI for education, and a deep tech 'Fund of Funds' in the Union Budget. The framework will guide states in promoting GCCs in Tier-2 cities, enhancing talent and infrastructure, building byelaw reforms, and f...
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Finance Minister Announces Rs 1 Lakh Crore Fund To Ramp Up Urban Infrastructure
To boost urban infrastructure, Union Finance Minister Nirmala Sitharaman on Saturday announced that the government will set up an Urban Challenge Fund of Rs 1 lakh crore to implement the proposals for 'cities as growth hubs'.
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Centre Announces Rs 15,000 Crore 'SWAMIH Fund' To Complete 1 Lakh Homes
Nirmala Sitharaman, in her budget speech, announced the SWAMIH Fund-2 following the success of the first fund.
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Budget 2025: Maritime Industry Gets A Development Fund Of Rs 25,000 Crore
Finance Minister Nirmala Sitharaman said the Maritime Development Fund will be used to support and promote competition.
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US SEC Gives Initial Approval to Combined Bitcoin, Ether ETF
The Bitwise Bitcoin and Ethereum ETF from Bitwise Asset Management would seek to provide investors with a balanced exposure to the two digital assets, weighted by their market capitalisation. The US regulator in a filing approved the so-called form 19b-4, one step in the overall process that would allow the product to start trading.
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Sam Altman-Backed Startup Raises $425 Million To Build World's 1st Nuclear Fusion Power Plant
With the latest round of funding, Helion has raised over $1 billion in capital since it was founded in 2013.
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Union Budget 2025: What Budget May Bring For Individuals? An Expert View
The Union Budget 2025, set to be presented by Finance Minister Nirmala Sitharaman on February 1, 2025, is highly anticipated by individual taxpayers, who are hoping for tax reforms that will increase their disposable income and stimulate economic gro
-
Microsoft, Meta Back Big AI Spending Despite DeepSeek's Low Costs
Microsoft and Meta's CEOs defended massive spending on AI efforts after China's DeepSeek launched an AI assistant, it claims is more data and cost-efficient compared to the AI models that have emerged from the US. The top executives of these big tech firms said funds were needed to stay competitive in the field.
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OpenAI Seeking $40 Billion In New Fundraising Round: Report
OpenAI, the maker of ChatGPT, is seeking to raise $40 billion in a fresh round of funding that would value the startup at a staggering $340 billion, the Wall Street Journal Reported on Thursday.
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El Salvador Makes Bitcoin Payments Voluntary for Private Sector Merchants to Comply with IMF Loan Conditions
The IMF asked El Salvador to limit its engagement with Bitcoin in order to receive a loan of $1.4 billion (roughly Rs. 12,129 crore). To align with IMF’s condition, El Salvador has made BTC payments voluntary for local merchants in the private sector.
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Japan Protests UN Calls To Allow Women On Imperial Throne
Japan said it would not fund a UN women's rights committee and suspended a member's visit over calls for the nation to change its male-only imperial succession rules.
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Budget 2025: How The Government Generates Revenue Beyond Taxation
Ahead of the Budget 2025, it's essential to understand the diverse range of non-tax revenue streams the government relies on to fund its activities.
-
SoftBank Said to Be in Talks to Invest Up to $25 Billion Into OpenAI
SoftBank could invest $15 billion (roughly Rs. 1,29,880 crore) to $25 billion (roughly Rs. 2,16,450 crore) directly into Microsoft-backed OpenAI, some of which may be used to pay for OpenAI's commitment to Stargate, a person familiar with the matter has said.
-
Big Cut For Intelligence Units In Nirmala Sitharaman's Budget 2025
Intelligence gathering has taken a back seat in the Union Budget 2025-26 as the Centre has reduced the flow of funds of several verticals that deal with intelligence collection and dissemination.
-
Budget Allocates Rs 20,000 Crore To Science Department To Kickstart Research Fund
Signalling a commitment to research and development, Union Finance Minister Nirmala Sitharaman on Saturday allocated Rs 20,000 crore to the Department of Science and Technology as a corpus for a fund to promote private sector-driven innovation.
-
Budget 2025: Tech in Focus With Framework for GCCs, New 'Fund of Funds' for startups, CoE for AI
Finance Minister Nirmala Sitharaman announced a national framework for Global Capability Centres (GCCs), a Rs 500-crore Centre of Excellence in AI for education, and a deep tech 'Fund of Funds' in the Union Budget. The framework will guide states in promoting GCCs in Tier-2 cities, enhancing talent and infrastructure, building byelaw reforms, and f...
-
Finance Minister Announces Rs 1 Lakh Crore Fund To Ramp Up Urban Infrastructure
To boost urban infrastructure, Union Finance Minister Nirmala Sitharaman on Saturday announced that the government will set up an Urban Challenge Fund of Rs 1 lakh crore to implement the proposals for 'cities as growth hubs'.
-
Centre Announces Rs 15,000 Crore 'SWAMIH Fund' To Complete 1 Lakh Homes
Nirmala Sitharaman, in her budget speech, announced the SWAMIH Fund-2 following the success of the first fund.
-
Budget 2025: Maritime Industry Gets A Development Fund Of Rs 25,000 Crore
Finance Minister Nirmala Sitharaman said the Maritime Development Fund will be used to support and promote competition.
-
US SEC Gives Initial Approval to Combined Bitcoin, Ether ETF
The Bitwise Bitcoin and Ethereum ETF from Bitwise Asset Management would seek to provide investors with a balanced exposure to the two digital assets, weighted by their market capitalisation. The US regulator in a filing approved the so-called form 19b-4, one step in the overall process that would allow the product to start trading.
-
Sam Altman-Backed Startup Raises $425 Million To Build World's 1st Nuclear Fusion Power Plant
With the latest round of funding, Helion has raised over $1 billion in capital since it was founded in 2013.
-
Union Budget 2025: What Budget May Bring For Individuals? An Expert View
The Union Budget 2025, set to be presented by Finance Minister Nirmala Sitharaman on February 1, 2025, is highly anticipated by individual taxpayers, who are hoping for tax reforms that will increase their disposable income and stimulate economic gro
-
Microsoft, Meta Back Big AI Spending Despite DeepSeek's Low Costs
Microsoft and Meta's CEOs defended massive spending on AI efforts after China's DeepSeek launched an AI assistant, it claims is more data and cost-efficient compared to the AI models that have emerged from the US. The top executives of these big tech firms said funds were needed to stay competitive in the field.
-
OpenAI Seeking $40 Billion In New Fundraising Round: Report
OpenAI, the maker of ChatGPT, is seeking to raise $40 billion in a fresh round of funding that would value the startup at a staggering $340 billion, the Wall Street Journal Reported on Thursday.
-
El Salvador Makes Bitcoin Payments Voluntary for Private Sector Merchants to Comply with IMF Loan Conditions
The IMF asked El Salvador to limit its engagement with Bitcoin in order to receive a loan of $1.4 billion (roughly Rs. 12,129 crore). To align with IMF’s condition, El Salvador has made BTC payments voluntary for local merchants in the private sector.
-
Japan Protests UN Calls To Allow Women On Imperial Throne
Japan said it would not fund a UN women's rights committee and suspended a member's visit over calls for the nation to change its male-only imperial succession rules.
-
Budget 2025: How The Government Generates Revenue Beyond Taxation
Ahead of the Budget 2025, it's essential to understand the diverse range of non-tax revenue streams the government relies on to fund its activities.
-
SoftBank Said to Be in Talks to Invest Up to $25 Billion Into OpenAI
SoftBank could invest $15 billion (roughly Rs. 1,29,880 crore) to $25 billion (roughly Rs. 2,16,450 crore) directly into Microsoft-backed OpenAI, some of which may be used to pay for OpenAI's commitment to Stargate, a person familiar with the matter has said.
