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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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X Money Digital Payments Service Unveiled; Platform Partners Visa to Introduce P2P Payments
X Money was introduced by Elon Musk's X platform on Wednesday as a new digital wallet and payments service. The new X Money service will allow users to send and receive P2P payments, transferring funds from their bank to a digital wallet and then to another wallet, or directly using their debit card. Partnering with Visa, X Money aims to compete wi...
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US Judge Blocks Trump Plan To Freeze Federal Aid Spending
A US district court judge on Tuesday temporarily blocked President Donald Trump's freeze on funding for federal aid programs, US media reported.
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US Freezes Almost All Foreign Aid Except For Israel, Egypt
The United States, the world's biggest donor, froze virtually all foreign aid on Friday, making exceptions only for emergency food, and military funding for Israel and Egypt.
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Billionaire Michael Bloomberg To Fund UN Climate Change Body After US Withdrawal
Bloomberg's intervention aims to ensure the United Nations Framework Convention on Climate Change (UNFCCC) remains fully funded despite the United States halting its contributions.
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"Should Funds Be Used For Housing, Healthcare Or Cycle Tracks?" Supreme Court
The Supreme Court on Wednesday asked whether the money from the state exchequer should be used for creating housing, health and educational facilities for the poor or laying cycle tracks in the country.
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Mudrex Halts Crypto Withdrawals Till January 28 Amid Efforts to Automate User Verification System
Mudrex informed users about halting crypto withdrawals through official emails over the weekend. The development stirred concerns amid the user base of Mudrex about the safety of their crypto deposits. The platform, however, has stated that all of its user funds are secure during this ongoing process.
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Lalu Yadav Party MLA, Others Raided In Co-op Bank 'Fraud' Case: Report
The Enforcement Directorate Friday conducted searches in multiple states, including in Bihar on premises linked to an RJD MLA, as part of a laundering investigation linked to an alleged funds embezzlement at a cooperative bank, official sources said.
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US House Passes Bill To Avert Shutdown, Senate Vote To Follow
The US House of Representatives voted Friday to avert a government shutdown with just hours to spare, with Democrats joining Republicans to advance a funding bill keeping the lights on through mid-March.
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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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US House Rejects Republican Bill To Avert Government Shutdown
The US House of Representatives on Thursday overwhelmingly rejected a Republican-led funding bill aimed at averting a government shutdown, with federal agencies due to run out of cash on Friday night and begin closing down at the weekend.
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Adani Group's Rejection Of American Funding For Lanka Port Is US' Loss
Foreign policy watchers say the Adani Group's rejection of funding to build a deepwater port in Sri Lanka is a big blow to the United States' foreign policy.
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Centre Releases Rs 944 Crore To Tamil Nadu For Cyclone Fengal Relief Work
The Central government has approved the release of Rs 944.8 crore to the Tamil Nadu government as two installments of central share from the State Disaster Response Fund (SDRF) to help it provide relief to people affected by cyclone Fengal.
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Karnataka MLA Leaves Congress Red-Faced, DK Shivakumar's Angry Retort
A Congress MLA in Karnataka has asked Chief Minister Siddaramaiah to cancel some election guarantees, flagging a lack of funds, which has left the state government red-faced.
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Ukraine Will Lose If US Cuts Military Funding, Says President Zelensky
Ukraine "will lose" its war against Russia if the United States cuts military funding to Kyiv, President Volodymyr Zelensky said.
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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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X Money Digital Payments Service Unveiled; Platform Partners Visa to Introduce P2P Payments
X Money was introduced by Elon Musk's X platform on Wednesday as a new digital wallet and payments service. The new X Money service will allow users to send and receive P2P payments, transferring funds from their bank to a digital wallet and then to another wallet, or directly using their debit card. Partnering with Visa, X Money aims to compete wi...
-
US Judge Blocks Trump Plan To Freeze Federal Aid Spending
A US district court judge on Tuesday temporarily blocked President Donald Trump's freeze on funding for federal aid programs, US media reported.
-
US Freezes Almost All Foreign Aid Except For Israel, Egypt
The United States, the world's biggest donor, froze virtually all foreign aid on Friday, making exceptions only for emergency food, and military funding for Israel and Egypt.
-
Billionaire Michael Bloomberg To Fund UN Climate Change Body After US Withdrawal
Bloomberg's intervention aims to ensure the United Nations Framework Convention on Climate Change (UNFCCC) remains fully funded despite the United States halting its contributions.
-
"Should Funds Be Used For Housing, Healthcare Or Cycle Tracks?" Supreme Court
The Supreme Court on Wednesday asked whether the money from the state exchequer should be used for creating housing, health and educational facilities for the poor or laying cycle tracks in the country.
-
Mudrex Halts Crypto Withdrawals Till January 28 Amid Efforts to Automate User Verification System
Mudrex informed users about halting crypto withdrawals through official emails over the weekend. The development stirred concerns amid the user base of Mudrex about the safety of their crypto deposits. The platform, however, has stated that all of its user funds are secure during this ongoing process.
-
Lalu Yadav Party MLA, Others Raided In Co-op Bank 'Fraud' Case: Report
The Enforcement Directorate Friday conducted searches in multiple states, including in Bihar on premises linked to an RJD MLA, as part of a laundering investigation linked to an alleged funds embezzlement at a cooperative bank, official sources said.
-
US House Passes Bill To Avert Shutdown, Senate Vote To Follow
The US House of Representatives voted Friday to avert a government shutdown with just hours to spare, with Democrats joining Republicans to advance a funding bill keeping the lights on through mid-March.
-
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.
-
US House Rejects Republican Bill To Avert Government Shutdown
The US House of Representatives on Thursday overwhelmingly rejected a Republican-led funding bill aimed at averting a government shutdown, with federal agencies due to run out of cash on Friday night and begin closing down at the weekend.
-
Adani Group's Rejection Of American Funding For Lanka Port Is US' Loss
Foreign policy watchers say the Adani Group's rejection of funding to build a deepwater port in Sri Lanka is a big blow to the United States' foreign policy.
-
Centre Releases Rs 944 Crore To Tamil Nadu For Cyclone Fengal Relief Work
The Central government has approved the release of Rs 944.8 crore to the Tamil Nadu government as two installments of central share from the State Disaster Response Fund (SDRF) to help it provide relief to people affected by cyclone Fengal.
-
Karnataka MLA Leaves Congress Red-Faced, DK Shivakumar's Angry Retort
A Congress MLA in Karnataka has asked Chief Minister Siddaramaiah to cancel some election guarantees, flagging a lack of funds, which has left the state government red-faced.
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Ukraine Will Lose If US Cuts Military Funding, Says President Zelensky
Ukraine "will lose" its war against Russia if the United States cuts military funding to Kyiv, President Volodymyr Zelensky said.
