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The Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (VB-G RAM G) Act is expected to give a boost to state funds, making them collectively gain almost Rs 17,000 crore. Since its introduction, the Bill has sparked debate, particularly over concerns that the revised funding structure could place a higher financial burden on states.According to…
Minnesota Governor Tim Walz faced growing criticism recently after a viral online video raised questions about taxpayer dollars flowing to a Minneapolis daycare centre that appeared inactive despite receiving about $4 million in state funding. The footage, released by independent journalist Nick Shirley, shows him visiting the Quality Learning Center in south Minneapolis. Shirley notes…
The GBS for Indian Railways might remain broadly unchanged in the upcoming union budget 2026-27, as the current funds are sufficient for the infrastructure upgrade. The GBS or the gross budgetary support for FY26 stands at Rs 2.52 lakh crore, with an additional Rs 10,000 crore permitted for spending through Extra Budgetary Resources (EBR), including…
When Donald Trump publicly demanded Intel CEO Lip-Bu Tan’s resignation over alleged China connections in August 2025, the chipmaker’s future hung in the balance. Less than two weeks later, Tan emerged from a pivotal Oval Office meeting with an $8.9 billion government investment that transformed Intel into a “too-strategic-to-fail” company. The dramatic turnaround came after…
Indian Railway Finance Corporation (IRFC) has provided a Rs 9,821 crore loan to the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) to refinance its foreign currency debt taken from the World Bank for the Eastern Dedicated Freight Corridor project, PTI reported.The rupee-denominated term loan agreement was signed between Rahul Kapoor, Director (Finance), DFCCIL, and…
The National Highways Authority of India (NHAI) has received regulatory approval from the Securities and Exchange Board of India (Sebi) to register Raajmarg Infra Investment Trust (RIIT) as a Public Infrastructure Investment Trust (InvIT), paving the way for wider public participation in national highway assets. In a statement issued on Wednesday, NHAI said the Public…
The World Bank has approved $700 million in fresh financing for Pakistan as part of a longer-term programme aimed at supporting macroeconomic stability and improving public service delivery.As per Reuters, the funding has been cleared under the Public Resources for Inclusive Development – Multiphase Programmatic Approach (PRID-MPA), a framework through which Pakistan could receive up…
CHENNAI: India’s tech startups’ cumulative equity funding stood at $10.5 billion in 2025, a decline of 17% on a YoY basis and down 4% compared to the $11 billion raised in 2023, according to a report. This marks a reversal from 2024, when funding had shown a modest annual recovery following the 2021 peak and…
India’s space industry has attracted $150 million in funding so far in the current financial year, marking the highest-ever fund mobilisation since the government opened up the sector to private participation in 2020, INSPACe Chairman Pawan Goenka said on Thursday, PTI reported.Speaking at the India Economic Forum in New Delhi, Goenka said the funding milestone…
SpaceX is reportedly planning a share sale valuing it at $800 billion, potentially making it the world’s most valuable private company. This move precedes a possible 2026 IPO targeting a $1.5 trillion valuation. Funds will fuel Starship development, space AI data centers, and a Moonbase. Elon Musk’s ambitious plans for Mars missions are also highlighted….
