Fund

  • TMC questions timing of ED probe into Saradha chit fund scam 21-04-2014 09:12 AM

    Kolkata: The Trinamool Congress has raised questions at the timing of the Enforcement Directorate's probe into the Saradha chit fund scam, alleging political motivation behind the investigative activity. Finance and Industry Minister of West Bengal Amit Mitra questioned the CBI and ED's motive behind launching the probe just two days...
  • No funds to fight polls, Congress nominees in the lurch in Tamil Nadu 19-04-2014 12:05 PM

    At a time when the Dravidian majors, AIADMK and DMK, are campaigning intensely in as many ways as possible, including roping in film stars, the Congress campaign is lacklustre in Tamil Nadu as the party is bereft of allies and its candidates short of funds to run the show. With...
  • LS polls: 7 AAP candidates face severe poll-fund crunch in Gujarat 14-04-2014 12:06 PM

    The Aam Aadmi Party, which jumped into the electoral fray accusing Congress and BJP of favouring 'crony-capitalism', seems to be doing 'poorly' in Gujarat as seven of its Lok Sabha nominees have managed to get only Rs 10 as poll funds. According to the party's official website, AAP's Ravji Paramar...
  • From tandoor to Latur, no security for women, says Modi 09-04-2014 05:54 PM

    Latur: The Bharatiya Janata Party's prime ministerial candidate Narendra Modi has attacked the Congress leadership over the death of a youth Congress worker in Latur of Maharashtra. "I ask Rahul Gandhi and Sonia Gandhi what they have done for women's security. The old timers would remember there was a powerful...
  • Harish Rawat claims spending entire MPLAD funds, rejects media reports 08-04-2014 09:14 PM

    Uttarakhand Chief Minister Harish Rawat on Tuesday claimed that he had spent his entire MPLAD funds received over the past five years on development projects in his Haridwar Lok Sabha constituency. Refuting newspaper reports in Dehradunthat he had spent only 71.76 per cent of his MPLAD (Members of Parliament Local...
  • India's growth likely to recover to 5.4 per cent in 2014: IMF 08-04-2014 06:58 PM

    Supported by slightly stronger global growth, improving export competitiveness and implementation of recently approved investment projects, India's growth is expected to recover from 4.4 per cent in 2013 to 5.4 per cent in 2014, the IMF said on Tuesday. "India's growth is expected to recover from 4.4 per cent in...
  • Gulbarg fund case: Gujarat HC stays Teesta's arrest till April 23 04-04-2014 03:11 PM

    In a relief to social activist Teesta Setalvad, her husband Javed Anand and slain Congress MP Ehsan Jafri's son Tanvir, the Gujarat High Court on Friday stayed their arrest till April 23 in connection with the Gulbarg fund embezzlement case. The High Court extended the stay after the state government...
  • Obama names Indian-American as alternate IMF director 04-04-2014 10:57 AM

    President Barack Obama is nominating Sunil Sabharwal, an independent Indian American investor in the payments sector, to a key job as US Alternate Executive Director at International Monetary Fund. "I am grateful these accomplished men and women have agreed to join this Administration, and I'm confident they will serve ably...
  • Uttarakhand government to spend Rs 161 crore for livelihood creation 03-04-2014 09:28 PM

    Uttarakhand government will spend Rs 161 crore for creation of livelihood opportunities and improvement of agricultural produce in the calamity hit areas of Uttarakhand to help affected people back on their feet. The amount will be spent under Integrated Fund for Agricultural Development (IFAD) and Integrated Livelihood Support Project (ILSP)...
  • Modi takes jibe at Congress, calls Delhi a rape capital 01-04-2014 09:02 PM

    Gujarat Chief Minister and BJPs prime ministerial candidate Narendra Modi on Tuesday addressed three election rallies in Madhya Pradesh. His first rally was scheduled in Bareilly in Uttar Pradesh after which went to Madhya Pradesh to conduct three rallies in Shahdol, Rewa and Jabalpur. Heavy security arrangements have been made...
  • Severe fund crunch hits AAP, candidates opting out 01-04-2014 11:37 AM

    New Delhi: Four Aam Aadmi Party (AAP) candidates have taken their nomination papers back in the past two days. The main reason is no support from the party to fight the Lok Sabha elections. Its candidates in Farrukhabad, Etah, Agra and Ajmer have opted out. They allege that the party...
  • SC gives two weeks to BJP, Congress to respond to AAP's plea 31-03-2014 08:36 PM

    The Supreme Court on Monday granted two weeks to both BJP and Congress to make its stand clear whether either of them is in any position to stake claim for government formation in Delhi in the wake of the Assembly being kept under suspended animation following the resignation of Aam...
  • Congress, BJP should disclose names of fund-givers: AAP 29-03-2014 05:42 PM

    Aam Aadmi Party on Saturday challenged Congress and BJP to disclose the names of the people from whom they have got more than 80 per cent of their funds being spent in the Lok Sabha election campaign. "The silence of these two parties on the Delhi High Court's judgement which...
  • ACB books 16 medical department officials for fraud in Bundi 29-03-2014 02:28 PM

    The ACB has booked 16 officials of Bundi district's Medical and Health department for embezzlement of over Rs 22 lakhs from National Rural Health Mission and Pulse Polio Control Programme funds. The 16 officials, including Chief Medical and Health Officer of the medical department, were booked on Friday following the...
  • Sahara seeks contributions from employees to secure bail for Subrata Roy 28-03-2014 03:47 PM

    New Delhi: Sahara has turned to its employees to help get chief Subrata Roy out of jail. In a letter to all its employees on Friday, Sahara sought a minimum contribution of Rs 1 lakh per head in order to pay Roy's bail bond of Rs 10,000 crore. The employees...
  • Impossible to pay Rs 10,000 cr for bail to Subrata Roy: Sahara to SC 27-03-2014 04:35 PM

    New Delhi: The Sahara Group on Thursday told the Supreme Court that it was "virtually impossible" to meet with its demand of Rs 10,000 crore in order to grant bail to the company's chief Subrata Roy. The court has adjourned hearing till April 3. Till then, Roy will stay in...
  • Gulbarg Society fund case: Teesta Setalvad faces arrest as court rejects bail plea 25-03-2014 06:17 PM

    Social activist Teesta Setalvad, her husband Javed Anand and son of slain Congress MP Ehsan Jafri, Tanvir were on Tuesday denied anticipatory bail by a local court in the Gulbarg Society fund embezzlement case. Ahmedabad city sessions court judge HC Vora also rejected anticipatory bail plea of two others who...
  • Investors' funds case: Sahara proposes to pay dues in 5 instalments 25-03-2014 04:29 PM

    New Delhi: The Sahara Group made a fresh proposal to the Supreme Court on Tuesday in the investors' funds case. Sahara said it will repay the entire amount it owes to its investors in five instalments by March 31, 2015. The company said it will pay Rs 2500 crore within...
  • Only 70 per cent MPLAD funds utilised in Delhi from 2009-13 23-03-2014 09:57 AM

    New Delhi: Congress MP from North East Delhi Jai Prakash Agarwal has best spent the funds allocated to him under the Member of Parliament Local Area Development while his South Delhi counterpart Ramesh Kumar has barely utilised the money for development of his constituency. According to data of Ministry of...
  • No objection to assistance from PM, CM's relief fund: EC 19-03-2014 05:02 PM

    Election Commission of India on Wednesday said it has no objection in the release of funds from Prime Minister's or Chief Minister's relief fund for the purpose of medical treatment of patients. However, it said that it should be ensured that beneficiaries or patients are selected by the concerned government...
  • Court reserves order on Teesta Setalvad, husband's bail plea 18-03-2014 06:39 PM

    A local court on Tuesday concluded the hearing and reserved its order on social activist Teesta Setalvad and her husband Javed Anand's anticipatory bail pleas in connection with the Gulbarg society fund embezzlement case. Ahmedabad city sessions court judge H C Vora reserved the order which is likely to be...
  • Social activists launch Rs 10 meal to counter AAP's Rs 10,000 gala dinner 14-03-2014 04:36 PM

    Two social activists on Thursday put up a stall to sell meals costing Rs 10 as a counter to the Aam Aadmi Party's much-touted gala fund-raising dinner at a four-star hotel that cost Rs 10,000 per plate. The Rs 10 per plate meal offered a simple, local traditional "zunkha bhakhar...
  • Arvind Kejriwal cancels Vidarbha rallies citing ill health 13-03-2014 08:22 AM

    New Delhi: Aam Aadmi Party leader Arvind Kejriwal has cancelled his scheduled rallies in Vidarbha on Thursday citing ill health. However, he is expected to go to Nagpur on Thursday evening for the charity fund raiser. The entry for Kejriwal's fund raising dinner at a luxury hotel in Sardar in...
  • Sahara moves SC, calls detention of Subrata Roy, other directors illegal 12-03-2014 10:46 AM

    New Delhi: Sahara on Wednesday moved a petition before the Supreme Court saying its chief Subrata Roy and two directors had been illegally detained by the court. "They have been put behind bars for contempt, but they were never a party before the Supreme Court," the plea said. The SC...
  • In Nagpur, pay Rs 10,000 for dinner with Kejriwal 11-03-2014 01:32 PM

    Nagpur: The Aam Aadmi Party (AAP) is organising a fund-raising dinner with its national president Arvind Kejriwal as host at a price of Rs 10,000 per person on March 13 at a luxury hotel in Sadar in Nagpur. The party is getting response for the event and the number of...
  • Dine with Kejriwal for Rs 20,000; AAP to hold fund raising party at Bangalore 09-03-2014 11:48 AM

    Bangalore: As it seeks to gain a toehold in Karnataka, Aam Aadmi Party is scheduled to hold fund raising dinner during party chief Arvind Kejriwal's two-day visit to the city towards weekend. The event is being co-ordinated by former Infosys Board Member and party's prospective candidate from Bangalore Central, V...
  • SC rejects Sahara's proposal to pay investors' money in instalments 07-03-2014 02:23 PM

    New Delhi: The Supreme Court on Friday rejected a Sahara proposal to pay off its investors' money in instalments. Sahara had proposed to pay Rs 2500 crore of its unpaid dues in three working days and the rest of the amount in an-year-and-a-half. The top court lashed out at Sahara...
  • China increases Defence budget by 12.2 per cent 05-03-2014 07:03 AM

    Beijing: China plans to raise its defence budget from USD 117.7 billion to about USD 132 billion in 2014, making a 12.2 per cent increase. Last year, China had raised its defence budget by 10.7 per cent to 720.2 billion yuan (USD 117.7 billion). It had also hiked its internal...
  • G-7 countries ready to aid Ukraine 03-03-2014 12:10 PM

    Washington: Amidst raging tension, the group of seven rich economies (G-7) has committed itself to Ukraine's economic assistance and revival as long as Kiev agreed to pursue economic reforms sought by the IMF. In a statement, G-7 countries welcomed the decision of the International Monetary Fund (IMF) to send a...