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Tag Archives: funds

Indian funds in Swiss banks rose over ₹20,000 crore? Centre refutes claim | Latest News India

The government on Saturday refuted reports Indians were allegedly holding black money in Switzerland and said it has reached out to Swiss authorities to verify details about the deposits. Reports citing annual data from Switzerland’s central bank said deposits of Indian individuals and firms, including through India-based branches and other financial institutions, in Swiss banks, jumped 286 per cent to ...

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Indians’ funds in Swiss banks rise to over ₹20,000 crore, customer deposits down for second year | Latest News India

Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to 2.55 billion Swiss francs (over ₹20,700 crore) in 2020 on a sharp surge in holdings via securities and similar instruments, though customer deposits fell, annual data from Switzerland’s central bank showed on Thursday. The increase in aggregate funds of Indian ...

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G7 mulls reallocating $100 billion from IMF funds to Covid-hit nations | World News

The United States and other Group of Seven nations are considering reallocating $100 billion from the International Monetary Fund’s warchest to help countries struggling to cope with the Covid-19 crisis, the White House said. The issue will be on the table when G7 leaders discuss how to help steer the world’s recovery from the coronavirus pandemic at a three-day summit ...

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RSS offshoot wants more funds for MNREGA, specific stimulus for vulnerable sections | Latest News India

The Swadeshi Jagran Manch (SJM), an offshoot of the Rashtriya Swayamsevak Sangh (RSS) has urged the Union government to substantially increase the fund allocation for MNREGA to support rural employment and take measures other than providing free food grains to help vulnerable sections cope with the consequences of the second wave of the Covid-19 pandemic. At its two day national ...

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US blocks funds of global terrorist groups such as Pakistan-based LeT, Jaish – world news

The US blocked USD 63 million in funds of designated terrorist groups, including Pakistan-based LeT and JeM, in 2019 as part of its crackdown on foreign terror organisations, according to the treasury department. The US blocked USD 342,000 in funds of the Lashkar-e-Taiba (LeT), USD 1,725 of the Jaish-e Mohammed (JeM) and USD 45,798 of the Harkat-ul-Mujahideen-al-Islami, the US Department ...

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Democrat Schumer says $30 billion needed in federal funds to distribute Covid vaccine – world news

Senate minority leader Chuck Schumer said on Sunday that $30 billion in federal funds was needed to distribute the Covid-19 vaccine as legislative negotiations over an economic relief bill remain stalled. Schumer, a Democrat, said that New York state alone would need “hundreds of millions” for distribution and education work around the distribution of the vaccine. “This should be a ...

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EU, other donors step up with funds to help Afghanistan – world news

The European Union and other donors offered new funding for Afghanistan on Tuesday, as a UN official declared now is “not the time to walk away” from years of hard work in trying to build peace and stability in a poor country where Taliban fighters have made inroads against the internationally-backed government. A largely virtual, one-day pledging conference in Geneva, ...

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Unused rural funds hint migrants may be back at work in cities – india news

With just one month left for the plan to wind up, the Narendra Modi government has so far spent just 56% of the funds on a special initiative to provide employment to migrant workers who returned home during the coronavirus disease (Covid-19) pandemic and the lockdown enforced to prevent its spread. The Garib Kalyan Rozgar Abhiyan was launched on June ...

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Govt proposes to amend FCRA, make Aadhar mandatory for NGOs to receive foreign funds – india news

The Centre on Sunday proposed amendments in the Foreign Contribution Regulations Act or FCRA through a bill it introduced in the Lok Sabha or lower house of Parliament. According to the government, the proposed amendments “seek to streamline the provisions of the FCRA by strengthening the compliance mechanism, enhancing transparency and accountability in the receipt and utilisation of foreign contribution ...

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JPMorgan finds some workers improperly pocketed Covid-19 relief funds – world news

JPMorgan Chase & Co. found that some of its employees improperly applied for and received Covid-relief money that was intended for legitimate US businesses hurt by the pandemic, according to a person with knowledge of the matter. The bank discovered the actions, all of which were tied to the Economic Injury Disaster Loan program, after noticing that suspicious amounts of ...

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