Donates Financial News

California Gov. Gavin Newsom is denying a news report that he pushed for an exception to the state's fast food minimum wage law that benefits a donor

Central Information Commission directing the Central Board of Direct Taxes to provide information relating to Shri Ram Janmabhoomi Teerth Kshetra Trust, looking after the construction and management of the Ram temple in Ayodhya, under the RTI Act. The high court on February 28 allowed the petition by the Central Board of Direct Taxes (CBDT) challenging the Central Information Commission's (CIC's) November 30, 2022, order. Justice Subramonium Prasad said it is always open for applicant Kailash Chandra Moondra to approach the appropriate authority under the Income Tax Act to seek information as sought in the Right to Information (RTI) application. The high court was dealing with a plea by the Central Public Information Officer (CPIO) of CBDT seeking quashing of the November 30, 2022, order of the CIC which had directed that the CPIO would revisit certain points made in the application under the RTI Act and provide information within 15 days from the receipt of the order.

By Bhanvi Satija

Rajeev Gautam, a former senior executive at US conglomerate Honeywell, has contributed $250,000, or about Rs 2 crore, to his alma mater Indian Institute of Technology Kanpur (IITK) to establish three endowed programmes in the department of chemical engineering. The contribution is part of a tripartite memorandum of understanding (MoU) signed between IITK, IIT Kanpur Foundation, and Gautam. The sum would be utilised towards the institution of an endowed faculty chair, a faculty fellowship and a travel grant programme for students, the institute said.

Shoe and sports clothing maker Adidas says it has started a third sale of the Yeezy sneakers it was left with after severing ties with Ye, the rapper formerly known as Kanye West

₹2.25 Crores (AED 1 million) to ensure the release of 900 prisoners from jails across the Arabian nation," said a statement from his office. Under the aegis of The Forgotten Society initiative founded in 2008, Merchant has already been instrumental in obtaining the release of 900 prisoners across the UAE since the beginning of 2024, including 495 prisoners from Ajman, 170 prisoners from Fujairah, 121 prisoners from Dubai, 69 prisoners from Umm Al Quwain and 28 from Ras Al Khaimah. In conjunction with the Director Generals of Police at the Central Jails across the UAE, Merchant has already succeeded in obtaining the release of over 20,000 prisoners over the years from a wide range of denominations, nationalities, and religions.

₹25 crore worth of donations in a month after the successful completion of the consecration ceremony of the statue of Ram Lalla at the temple on 22 January. Ram temple trust official Prakash Gupta said that the State Bank of India (SBI) has installed four automatic high-tech counting machines at the temple to manage the heavy inflow of cash.

In a significant ruling on February 15, the Supreme Court scrapped the Electoral Bonds scheme. A five-judge bench comprising Chief Justice of India, DY Chandrachud, Justices Sanjiv Khanna, BR Gavai, JB Pardiwala, and Manoj Misra delivered a unanimous verdict.

Narendra Modi and ruling BJP, Congress leader Rahul Gandhi has said that PM is doing the 'donation business' by misusing ED, IT and CBI like a 'Vasuli Bhai'. He also alleged that 'Illegal donations' and 'Electoral Bonds' given to BJP under Modi rule are the guarantee of 'Ease of Doing Business'. «Do you know about the Prime Minister's 'Donate, Take Bell and Business' scheme? In the country, the Prime Minister is doing 'donation business' by misusing ED, IT and CBI like 'Vasuli Bhai'. Reports have revealed that 30 companies involved in the investigation by agencies that have become recovery agents donated Rs 335 crore to the BJP during the investigation,» Rahul Gandhi said in a post on X, formerly known as Twitter.

After the Biden administration applied sanctions on four Israeli settlers for acting violently toward Palestinians and activists in the West Bank, online fundraisers sprang to their aid

₹1 crore will pay 10 percent, while temples with income between ₹10 lakh and ₹1 crore will pay 5 percent to the government. Bharatiya Janata Party (BJP) leaders slammed the Chief Minister Siddaramaiah-led state government over the new bill.

Mallikarjun Kharge on Thursday accused the Modi government of capturing democracy through extortion and financial terrorism and claimed that the Bharatiya Janata Party (BJP) received huge donations from at least 30 companies following raids by federal probe agencies such as the Central Bureau of Investigation (CBI), the Enforcement Directorate (ED) and the income tax department. Citing media reports, the Congress president claimed that the BJP received donations from at least 30 firms after it "misused" the CBI, ED and the I-T department for raids against them.

₹1 crore and thus presumably bought by companies. Hence, the right at stake was a corporate donor’s to make political donations. The judgement will evoke mixed feelings in boardrooms.

Canada will donate more than 800 drones to Ukraine that will help its military forces detect and identify targets as it continues to fight Russia’s invasion, Defence Minister Bill Blair announced Monday.

It was inevitable that Indians would make an ingenious contribution to corruption. It now appears that we did in 2017. A set of amendments had brought into life the electoral bond, a financial instrument unique to India.

₹1,000, ₹10,000, ₹1 lakh, ₹10 lakh and ₹1 crore. The apex court directed that the issuing bank, State Bank of India (SBI), shall herewith stop the issuance of electoral bonds and submit complete details—name of the purchaser and the denomination of the electoral bond.

Mint delves into the nuances of the Supreme Court's ruling, its impact on the political contributions of loss-making companies, and the broader ramifications on corporate-political party dynamics. While there is no clear legal definition, the determination of a loss-making company can be inferred from Schedule III of the Companies Act, 2013.

Bitcoin’s market capitalization crossing the $1 trillion threshold represents a pivotal moment in its challenge against traditional assets like gold.

Firms, individuals and others  who have made donations to political parties through electoral bonds in FY24 would still be able to claim benefits of 100% tax deduction while filing their returns before July 31, 2024, according to an official.

Life Insurance Corporation of India (LIC) has launched a new endowment plan — Amritbaal, an individual, savings, life insurance plan. The plan is available both offline and online starting from Saturday, February 17, 2024, the insurer said in a press release. According to LIC's press release, «LIC Amritbaal is specifically designed to have an adequate corpus to meet the higher education and other needs of the child. The minimum entry age is 30 days age, and the maximum age is 13 years.

review petition following the apex court’s decision to strike down the electoral bond scheme, said people familiar with the deliberations. If required, the names of donors can be given to the court in a sealed envelope, without making the information public, they said, ruling out an ordinance to override the judgment with general elections just a few weeks away.