The PM CARES Funds received ₹909.64 crore as voluntary contributions and ₹2.57 crore as foreign contributions during FY23, the latest year for which audited accounts are available in the public domain.
In addition to donations of ₹912 crore, the Fund also received ₹170.38 crore as interest income, of which ₹154 crore came from interest on regular accounts and ₹16.07 crore from foreign contributions account. It also received about ₹225 crore in form of refunds from various sources including refund (₹202 crore) from procurement of 50,000 'Made in India' ventilators to government hospitals run by the Centre/States/UTs.
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Rupee at lifetime low as equities slide; tilt bearish
THE RUPEE DECLINED 4 paise to settle at a record low of 85.83 against the dollar on Monday, amid a steep fall in domestic equity markets and unabated outflow of foreign capital.
Sebi Relaxes Settlement Norms for Dormant Accounts
SEBI ON MONDAY said it has eased norms for the settlement of client funds in trading accounts that have remained inactive for 30 days.
PSBs turn net sellers of govt securities
STATE-OWNED BANKS HAVE turned net sellers of government bonds (G-Secs) amid a widening liquidity deficit, said traders.
ITC ends in the red on hotel biz demerger
SHARES OF ITC ended nearly 3% lower on Monday, as the stock traded ex-demerger, after a special trading session to discover the price for ITC Hotels.
PSBs' share in 'fair value' investments declines, private banks report gains
STATE-OWNED BANKS' SHARE in the 'fair value through profit and loss investment portfolio' (FVPTL), the newly-introduced investment category, has gone down to 37.2% from around 45%. Meanwhile, the share of private banks has risen to nearly one-third, according to the Reserve Bank of India's (RBI) latest Financial Stability Report.
Bank shares plunge up to 8% amid weak business updates
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D2C firm Frido set to be ₹200-cr brand
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RIL Arm Launches Raskik Gluco Energy Drink, Adding Fizz to Hydration Market
Beverage to rival Tata Consumer, Dabur products
Adani Group lines up petchem foray
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Former executives at OYO, upGrad launch mobility platform
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