February 24, 2025 - 07:04
While US President Donald Trump has launched a scathing attack on USAID’s funding in India, the annual report of the Finance Ministry, led by Nirmala Sitharaman, emphasizes the focus of these funds on economic projects rather than influencing voter turnout. The report sheds light on the allocation of resources by the United States Agency for International Development, indicating that the primary objective has been to support developmental initiatives that foster economic growth in India.
The Finance Ministry's analysis reveals that USAID's investments have been strategically directed towards various sectors, including health, education, and infrastructure, aimed at enhancing the quality of life for millions of Indians. This approach aligns with broader goals of sustainable development and poverty alleviation.
In response to the criticisms, officials have reiterated that the funding is not intended to sway electoral processes but rather to build capacity and promote long-term economic stability in the region. The report aims to clarify misconceptions surrounding the role of foreign aid in domestic affairs, reinforcing the commitment to collaborative growth.
June 25, 2025 - 00:18
Yale's Financial Stability Program Unveils Crisis Management PlaybookThis year marks a significant milestone for the Yale Program on Financial Stability as it wraps up the New Bagehot Project. This ambitious initiative, spanning a decade, has meticulously chronicled...
June 24, 2025 - 04:52
Japan's Foreign Exchange Diplomat Reappointed for Another YearTOKYO - Japan`s leading foreign exchange diplomat, Atsushi Mimura, has been reappointed for a second consecutive year, according to the finance ministry. This decision underscores his significance...
June 23, 2025 - 19:11
Rethinking Finance: A Call for Inclusivity and SustainabilityIn affluent societies, the relationship with money has shifted dramatically, transforming it into a master rather than a servant. This paradigm has far-reaching implications, not only for...
June 23, 2025 - 05:12
NJBIZ Finance Power List: Celebrating the Most Influential Leaders in FinanceThe NJBIZ Finance Power List has unveiled its selection of the most influential leaders in the finance sector for 2025. This prestigious list highlights the professionals who play a critical role...