Why Is Donald Trump Seeking $1 Billion In Damages From Harvard University? POTUS Escalates Dispute With A Bigger Amount Amid Funding Row
Published on: Feb. 3, 2026, 3:27 p.m. | Source:
NewsX
Donald Trump has escalated his clash with Harvard, rejecting reports of a softer deal and insisting the Ivy League university should pay up to $1 billion to regain federal funding.
UN Children’s Rights Committee Marks 100th Session Amid Funding Crisis
Published on: Feb. 3, 2026, 1:29 p.m. | Source:
Devdiscourse
Opening the meeting, Committee Chair Sophie Kiladze highlighted the Committee’s long-term influence since the Convention on the Rights of the Child entered into force more than 35 years ago.
Canonicus Capital and Trevoc have launched a Rs 500 crore platform. This initiative will provide last-mile funding and execution for stalled real estate projects in Delhi-NCR. The focus is on completing projects facing execution bottlenecks and liquidity gaps. Trevoc will manage on-ground execution, while Canonicus Capital provides institutional capital.
India Health Funding: Global funding cuts could undo decades of health progress in India and other countries, putting millions of lives at risk by 2030
Published on: Feb. 3, 2026, 12:06 p.m. | Source:
Devdiscourse
President Trump has announced a $1 billion damages claim against Harvard University, disputing reports that the White House had settled for a lesser amount in their ongoing conflict. The administration accuses Harvard of antisemitism and has previously canceled research funding, urging ideological changes at universities.
Trump seeks 'One Billion Dollars in damages' from Harvard, announces feud in lengthy Truth Social rant
Published on: Feb. 3, 2026, 11:11 a.m. | Source:
Livemint
Donald Trump says his administration is seeking $1 billion in damages from Harvard, escalating a dispute over campus protests, ideology and federal funding.
Advent's Strategic Stake Boost in Aditya Birla Housing Finance
Published on: Feb. 3, 2026, 10:40 a.m. | Source:
Devdiscourse
Private equity firm Advent International is set to invest Rs 2,750 crore for a 14.3% stake in Aditya Birla Housing Finance, an arm of Aditya Birla Capital. This funding aims to bolster ABHF's market presence and leverage policy initiatives for expanded housing finance. The transaction awaits regulatory approval.
Aditya Birla Capital and Aditya Birla Housing Finance approved a Rs 2,750-crore capital infusion from Advent Internationals Indriya entity, valuing ABHFL at Rs 19,250 crore. The funding will support its rapid AUM growth, strong asset quality and expansion plans as Indias housing finance sector benefits from structural policy tailwinds and rising demand.
Why is Trump seeking $1 billion from Harvard University? Story in 5 points
Published on: Feb. 3, 2026, 10:07 a.m. | Source:
The Tribune
Trump accuses Harvard of engaging in what he described as 'systemic misconduct' and failing to uphold federal obligations tied to funding and governance.
Apple gets regulatory relief in India, unlocks key manufacturing bottleneck
Published on: Feb. 3, 2026, 10:06 a.m. | Source:
India Today
Apple has secured a key regulatory relief in India that removes tax uncertainty around funding iPhone manufacturing equipment, clearing the way for faster production expansion.
'Just-in-time' funding cutting interest burden; Centre curbing Rs 1 lakh crore 'parking' in state treasuries, says expenditure secretary
Published on: Feb. 3, 2026, 9:28 a.m. | Source:
Moneycontrol
The Expenditure Secretary said that the government is reviewing its Centrally Sponsored Schemes, and some of them may be merged or closed down next financial year – in case they are not found to be impactful.
President Donald Trump urged the House to end a partial government shutdown, but a funding deal stalled as Democrats and Republicans clashed over immigration enforcement. Democrats want curbs on ICE operations, while GOP divisions persist. As talks drag on, key agencies face funding lapses and federal workers risk furloughs or unpaid leave.
Published on: Feb. 3, 2026, 9:10 a.m. | Source:
Times of India
T'puram: Responding to allegations that Kerala was neglected in the Union Budget on Sunday, Union railways minister Ashwini Vaishnaw said on Monday th.
Centre stops its funding for Jal Jeevan Mission, Rajya Sabha told
Published on: Feb. 3, 2026, 7:32 a.m. | Source:
Hindustan Times
The marquee scheme, launched in 2019, aimed to link each of India’s 193.5 million rural households with tap water connections by the end of 2024. Last year, it was extended till December 2028| India News
Trump urges House to vote quickly to end partial government shutdown
Published on: Feb. 3, 2026, 7:04 a.m. | Source:
CNBC TV18
President Donald Trump implored the House on Monday to end the partial government shutdown, but neither Republicans nor Democrats appeared ready to quickly approve the federal funding package he brokered with the Senate without first debating their own demands over immigration enforcement operations.
President Trump announced Project Vault, a $12 billion initiative to create a strategic stockpile of critical minerals. This plan, backed by a $10 billion EXIM Bank loan and $2 billion in private funding, aims to stabilize prices and support the U.S. auto industry. The U.S. seeks to counter perceived Chinese price manipulation for vital minerals essential to manufacturing.
Parts of the federal government entered a fourth day of shutdown after funding expired over the weekend for departments including defence and homeland security.
The budget decision to halve allocation for the IndiaAI Mission to Rs 1,000 crore in 2026-27 from Rs 2,000 crore this fiscal year has raised concerns over the country’s AI push, even as officials said it’s part of a deliberate strategy. Experts said building meaningful artificial intelligence capacity will require significantly higher and more sustained public investment, and warned that India risks falling behind in the global AI race if government funding does not scale up.
Published on: Feb. 3, 2026, 5:30 a.m. | Source:
Telegraph India
Government plans asset recycling through market instruments after land monetisation hurdles as FY26 receipts fall short and pressure mounts to boost non debt funding
Khawaja Asif’s admission backs India’s stand on Pakistan’s terror funding: Intel sources
Published on: Feb. 3, 2026, 5:08 a.m. | Source:
Moneycontrol
Pakistan Defence Minister Khawaja Asif’s admission that terrorism is fuelled by corruption and smuggling has been cited by Indian intelligence sources as confirming India’s long-standing claims about Pakistan’s terror ecosystem.
U.S. Launches 'Project Vault' for Strategic Mineral Stockpile
Published on: Feb. 3, 2026, 4:29 a.m. | Source:
Devdiscourse
President Donald Trump announced 'Project Vault', a strategic initiative with $10 billion in funding to secure critical minerals essential for various industries. This move is aimed at reducing dependence on foreign mineral sources, particularly from China, and supporting U.S. businesses.
Congress Nears Solution to Government Shutdown Standoff
Published on: Feb. 3, 2026, 4:11 a.m. | Source:
Devdiscourse
U.S. lawmakers are close to resolving a partial government shutdown, President Trump announced. Lawmakers from both parties are working on a deal. The shutdown followed Congress's failure to approve a federal funding package. A Senate-approved proposal aims to maintain funding while debating immigration reforms.
Global Markets Unsettled Amid Precious Metals Turmoil and Corporate Earnings Focus
Published on: Feb. 3, 2026, 3:37 a.m. | Source:
Devdiscourse
MSCI's global equities gauge dipped as Wall Street reported gains, while the dollar strengthened and precious metals faced a selloff. Oil prices dropped, and U.S. equities rebounded with hopeful economic data and AI funding news. Precious metals like silver saw significant downturns due to rising futures margins.
Global Markets Juggle Precious Metals Slide and Tech Resurgence
Published on: Feb. 3, 2026, 1:51 a.m. | Source:
Devdiscourse
Global markets experienced mixed dynamics as MSCI's global equities gauge rose amid Wall Street gains. However, there was a significant selloff in precious metals, especially silver, affecting global markets. Meanwhile, U.S. equities rebounded with AI funding news, supported by positive economic data showing renewed U.S. factory activity.
Trump Calls for House to Pass Senate Funding Deal to Reopen Government
Published on: Feb. 3, 2026, 1:50 a.m. | Source:
scanx.trade
Trump has called on the House of Representatives to pass the Senate-approved funding deal without modifications, announcing via Truth Social his commitment to sign it immediately. His statement emphasizes the need for House approval of the existing Senate version to reopen government operations.
The government will maintain its focus on infrastructure development through increased capital expenditure, despite fiscal constraints and global economic uncertainty. Expenditure Secretary V. Vualnam dismissed concerns from states regarding the discontinuation of revenue deficit grants, emphasizing the need for states to manage their own expenditure. The Centre has enhanced funding for state-level capital investment schemes to encourage public investment-led growth.
Goa Government Seeks Nabard Funding for Pipeline Overhaul to Reduce Water Loss
Published on: Feb. 3, 2026, 12:48 a.m. | Source:
Times of India
The Goa government is exploring funding options to replace aging water pipelines that contribute to a significant 40% loss of treated drinking water. Minister Subhash Phal Dessai details the need for Rs 2,000 crore in investments.
Government Shutdown Delays Key Employment Report Release
Published on: Feb. 3, 2026, 12:13 a.m. | Source:
Devdiscourse
The U.S. Bureau of Labor Statistics has postponed the January employment report due to a partial government shutdown. The shutdown began after Congress failed to finalize funding. Critical economic data releases remain at risk, with experts warning of possible data quality issues if the disruption continues.
Published on: Feb. 2, 2026, 11:40 p.m. | Source:
Devdiscourse
Maharashtra minister Nitesh Rane has stirred controversy by threatening to withhold development funds if Uddhav Thackeray's Shiv Sena (UBT) candidates win upcoming local elections. Accused of power misuse, Rane's statements were criticized by opposition leaders, who say it undermines democracy. BJP claims past similar actions by Uddhav Thackeray.
Market Turmoil: Precious Metals Plunge and Wall Street Rebounds Amid Volatility
Published on: Feb. 2, 2026, 11:30 p.m. | Source:
Devdiscourse
Global financial markets experienced a tumultuous day as precious metals saw significant declines and Wall Street rebounded. Silver experienced its largest two-day loss in decades, while the U.S. stock market recovered losses amid positive economic data and artificial intelligence funding news. Major currency fluctuations and central bank activities added to the market dynamics.
U.S. Withholds Funds from AfDB Amid Climate Change Focus
Published on: Feb. 2, 2026, 10:54 p.m. | Source:
Devdiscourse
The U.S. Treasury withheld funds from the African Development Bank's fund for low-income countries, citing its focus on climate change. This decision comes as the AfDB, seeking $25 billion, faces a funding gap. The organization attempts to fill this gap through increased African membership contributions and market borrowing.
Published on: Feb. 2, 2026, 10:52 p.m. | Source:
Times of India
New Delhi: The Union Budget has allocated Rs 5,546 crore to AIIMS, New Delhi, an increase of about Rs 307 crore over last year's revised estimates, ev.
Khawaja Asif's Admission Confirms India’s Stand On Pakistan's Terror Funding, Say Intel Sources
Published on: Feb. 2, 2026, 10:13 p.m. | Source:
News18
Indian intelligence sources said that the Pakistan minister's statement validates India’s long-standing position that Pakistan’s terror ecosystem is rooted in criminal economies.
130cr for Messi, little for Kerala athletes: Anju flags gaps in state’s sports funding
Published on: Feb. 2, 2026, 9:58 p.m. | Source:
Times of India
Thiruvananthapuram: AFI senior vice-president Anju Bobby George criticised the Kerala government's priorities in sports funding. Speaking to the media.
The bond market reacted sharply to the Finance Minister’s announcement of a record gross borrowing plan for 2026-27, leading to a sell-off and an 8 basis point rise in yield. This signals potential capital losses for investors and higher funding costs for the government, while analysts believe that RBI liquidity support will help keep yields […]
House of Representatives Aims to Resolve Government Shutdown
Published on: Feb. 2, 2026, 7:50 p.m. | Source:
Devdiscourse
The U.S. House of Representatives is addressing legislation to end a partial government shutdown. The Senate passed a funding deal to resume operations, but passage in the House remains uncertain due to narrow Republican control and Democratic objections related to immigration enforcement policies. A final vote is anticipated on Tuesday.
Published on: Feb. 2, 2026, 7:42 p.m. | Source:
The Hindu
Now that India’s Unified Payments Interface (UPI) is handling about 21 billion transactions every month and has become a crucial financial infrastructure for consumers and small merchants, a funding requirement is essential to keep UPI free for majority users, say industry officials.
Published on: Feb. 2, 2026, 7:40 p.m. | Source:
Devdiscourse
Railway Minister Ashwini Vaishnaw announced record budget allocations to enhance India's railway infrastructure. Major investments include high-speed corridors and dedicated freight routes. The extensive funding aims to boost regional connectivity and economic opportunities with projects focused on state-wise enhancements and strategic extensions, notably benefiting BJP-ruled states.
Industry executives say the Budget's focus on data centres, city economic regions and infrastructure funding for tier 2 and 3 cities could spur demand across industrial, warehousing, office and reside
Unveiling India's Manuscript Treasure: Gyan Bharatam's Digital Leap
Published on: Feb. 2, 2026, 7:32 p.m. | Source:
Devdiscourse
The Gyan Bharatam initiative has digitised over 7.5 lakh manuscripts, with 1.29 lakh accessible online. Launched in the 2025-26 Union Budget, it aims to preserve India's manuscript heritage, backed by Rs 491.66 crore funding. Multiple institutions have partnered as cluster or independent centres for the initiative.
Karnataka IT/BT minister Priyank Kharge said that Karnataka aims to create 50,000 jobs in the Animation, Visual Effects, Gaming, and Comics (AVGC) sector by 2028, claiming it leads the country in supportive policies. The state hosts over 300 studios and set up an AVGC Centre of Excellence with Rs 150 crore funding. It will also host GAFX 2026, a major global AVGC conference.
Union Budget 2026 outlines a confident and fiscally disciplined growth roadmap, with emphasis on sunrise sectors, infrastructure, digital capacity and inclusive development. The Budget aims to deepen capital markets, strengthen manufacturing, empower women entrepreneurs and improve urban funding, while maintaining macroeconomic stability and supporting long term, resilient growth.
The minister also said that since the last budget, the government has consistently ensured policies, funding and support for the Orange Economy (Animation, Visu
The 2026-27 Union Budget significantly increases skill development funding to Rs 9,885.80 crore, focusing on human capital, job readiness, and aligning education with industry needs.
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Budget’s mild fiscal consolidation to be positive for GDP growth: Report
Published on: Feb. 2, 2026, 12:48 p.m. | Source:
Zee News
The fiscal consolidation for FY27 is the slowest in six years. And the budgeted disinvestment, which is a below-the-line funding item, is likely to see the highest rise in six years, the report from HSBC Global Investment Research said.
Union Budget 2026: Pollution control funding cut even as cities struggle with smog, toxic air
Published on: Feb. 2, 2026, 11:25 a.m. | Source:
Business Today
Budget 2026: In 2024–25, the pollution control budget was initially set at Rs 854 crore, later increased to address shortfalls, but actual expenditure for the year was just Rs 16 crore.
Decoding India’s shocking budget decision on Chabahar port: ‘Tactical freeze, not a retreat’
Published on: Feb. 2, 2026, 11:15 a.m. | Source:
THE WEEK
Chabahar port funding was omitted from India's latest Union Budget, a surprising move that raises questions about the project's future amid intense pressure from US sanctions on Iran. This decision forces New Delhi to navigate a complex geopolitical dilemma, balancing its strategic interests in Central Asia against its relationship with Washington
Oracle layoffs: Company plans up to 30,000 job cuts amid AI funding crunch
Published on: Feb. 2, 2026, 11 a.m. | Source:
Firstpost
In yet another layoff wave, Oracle is reportedly planning to cut around 30,000 jobs. According to the reports, the company might also sell its healthcare software, Cerner to fund in-house AI data-centre.
The budgetary allocation for 2026–27 represents an increase of around 2.56% over the previous year’s Budget Estimates and over 6% compared to last year’s Revise
Budget 2026: Roads and highways allocation climbs 8%, big push for national corridors
Published on: Feb. 2, 2026, 10:39 a.m. | Source:
CNBC TV18
FM Nirmala Sitharaman has increased funding for NHAI projects, state road schemes and upkeep of existing highways in Budget 2026. Allocations for road safety and research have also been raised.
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The Union Budget 2026 focuses on boosting tourism, transport, and skills development to enhance India’s travel ecosystem. It includes funding for modern rail corridors, regional airports, heritage conservation, and smart tourism hubs. The budget promotes thematic tourism circuits, eco-friendly trails, and aims to train 10,000 tourist guides, supporting sustainable and inclusive tourism growth.
Asia-Pacific Markets Show Mixed Performance Amid Global Economic Concerns
Published on: Feb. 2, 2026, 6:55 a.m. | Source:
scanx.trade
Asia-Pacific equity markets opened with mixed results, as the ASX 200 fell 0.85% and KOSPI dropped 1.8%, while Japan's Nikkei 225 gained 1.27%. Market movements were influenced by US government shutdown concerns, weak China manufacturing data, and NVIDIA halting OpenAI funding, though Japan benefited from positive Takaichi trade developments.
Chandigarh budget slashed by ₹437.6 cr as energy sector funding shrinks
Published on: Feb. 2, 2026, 6:04 a.m. | Source:
Hindustan Times
The previous year’s budget included ₹6,185.18 crore for revenue expenditure, which includes salaries and other recurring operational costs, and ₹798 crore for capital projects
FM reaches for the stars, gives cosmic boost to India’s astronomy sphere
Published on: Feb. 2, 2026, 4:04 a.m. | Source:
Times of India
Pune/Bengaluru: India's expanding contributions to astronomy research appear to have prompted a significant policy and funding push from the Centre, w.
CM MK Stalin slams Union Budget, calls allocations for Tamil Nadu ‘disappointment’
Published on: Feb. 2, 2026, 3:05 a.m. | Source:
Hindustan Times
MK Stalin condemned cuts to education funding and questioned the Centre's commitment to the Jal Jeevan Mission, while opposing AIADMK's positive stance.| India News
Published on: Feb. 2, 2026, 2:49 a.m. | Source:
Times of India
Vadodara: Higher funding for animal husbandry, tax relief for dairy cooperatives, a major push for rural entrepreneurship, expansion of veterinary inf.
Rolls Royce Plan for Moon Nuclear Reactor Stalls, Telegraph Says
Published on: Feb. 2, 2026, 1:38 a.m. | Source:
Livemint
British engine maker Rolls-Royce Holdings Plc has halted a plan backed backed by millions in government funding to put a mini nuclear reactor on the Moon, the Telegraph reported.
Budget 2026: India's internal security budget sees a major increase. The Union government has allocated ₹2.55 lakh crore, a rise of nearly 9.5%. Central police forces like CRPF and BSF will receive most of these funds. The Intelligence Bureau, crucial for national security, gets a significant boost of over 74%. This enhanced funding aims to strengthen border security and counter threats.
Budget 2026: No funds for Chabahar Port, Bangladesh aid cut sharply
Published on: Feb. 2, 2026, 12:36 a.m. | Source:
CNBC TV18
India’s overseas development priorities in the Union Budget 2026-27 signal a recalibration of regional engagement, with Bhutan continuing to receive the largest share of assistance while allocations for Bangladesh have been sharply reduced. The absence of funding for the strategic Chabahar port project also comes amid looming uncertainty over the expiry of the US sanctions waiver later this year.
India's budget reveals shifts in foreign aid. Assistance to Bangladesh is halved. No funds are allocated for the Chabahar Port project in Iran. Overall aid from the Ministry of External Affairs sees a slight increase. Bhutan remains the top recipient. Nepal and Sri Lanka receive more aid. Other countries like Maldives and Myanmar see funding cuts.
India's new budget champions manufacturing, aiming to significantly increase its contribution to the nation's GDP. Key sectors like semiconductors, electronics, and textiles receive substantial funding. Initiatives like the Biopharma SHAKTI program and production-linked incentives are designed to build domestic capacity and reduce reliance on imports. This strategic focus supports job creation and economic growth.
The 16th Finance Commission has suggested removing revenue deficit grants for specific sectors and states, as they have not helped improve the issue. States should focus on increasing revenue and reducing expenses, including committed spending and subsidies. Despite increased funding, some states still face high revenue deficits. | financialexpress.com
Budget 2026: Substantial increase in livestock, fisheries outlay
Published on: Feb. 1, 2026, 10:17 p.m. | Source:
The Hindu
Union Budget 2026 boosts livestock and fisheries sectors with increased funding, credit-linked subsidies, and support for entrepreneurship and employment.
The Union Budget 2026-27 provides a substantial boost to India's skilling initiatives. The Ministry of Skill Development and Entrepreneurship receives a significant allocation of over Rs 9,800 crore. This funding aims to modernize Industrial Training Institutes and enhance youth employability. The budget focuses on strengthening the education-to-employment pipeline, creating new opportunities across various cities.
The Ministry of External Affairs (MEA) has been allocated a total of Rs 22,118 crore against the current fiscal's budget estimate of Rs 20,516 crore and a revised estimate of Rs 21,742 crore.
The Union Budget 2026-27 boosts funding for pollution control initiatives. Allocations for schemes like the National Clean Air Programme and the Central Pollution Control Board have seen increases. The budget also earmarks funds for Carbon Capture Utilisation and Storage projects. This move signals a commitment to environmental protection and a green transition.
Union Budget: Telangana ''neglected'', says deputy CM
Published on: Feb. 1, 2026, 7:28 p.m. | Source:
Devdiscourse
Telangana Deputy Chief Minister Mallu Bhatti Vikramarka on Sunday alleged that the state was neglected in the Union Budget presented by Finance Minister Nirmala Sitharaman. He said the state had expected central funding in the budget for projects such as the Musi River rejuvenation, the Regional Ring Road, Hyderabad city development, Metro Rail expansion, and other infrastructure.
PM Internship Scheme sees sharp cut in funding in Budget 2026 amid poor response
Published on: Feb. 1, 2026, 7:14 p.m. | Source:
Livemint
The Union Budget for FY27 has slashed funding for the PM Internship Scheme following poor response, with an allocation of ₹4,799.96 crore, compared to over ₹10,000 crore budgeted for in FY26.
The Union Budget 2026 drew mixed but largely positive reactions across sectors. Education experts welcomed higher funding and industry integration, while healthcare leaders praised support for infrastructure and domestic production.
ISRO's ambitious space station and human spaceflight goals receive a significant boost. The Union Budget 2026-27 allocates Rs 13,705.60 crore to the Department of Space. This funding supports crucial projects like the Gaganyaan mission and the Next Generation Launch Vehicle. The increased allocation signals strong government support for ISRO's future endeavors and private sector involvement.
Budget 2026 signals pivot from metros to Tier II and Tier III cities
Published on: Feb. 1, 2026, 6:28 p.m. | Source:
ThePrint
Union Budget proposes Rs 5,000 crore per City Economic Region to power Tier II, Tier III cities, and temple-towns. Concerns over exclusion of large metropolitan regions from funding and schemes.
Union Budget 2026 highlights: From SME funding and tax changes to tourism, logistics and services-led growth, here are the key numbers announced by FM Nirmala Sitharaman
Union Budget 2026: Blow to Bangladesh as India halves aid; no funding for Iran's Chabahar Port
Published on: Feb. 1, 2026, 3:41 p.m. | Source:
India TV News
The ties between New Delhi and Dhaka were hit following ouster of Sheikh Hasina. 78-year-old Hasina later fled to India and the Bangladesh government has been demanding that the former prime minister must be handed over to it.
Budget 2026 bets on Khadi revival, animal husbandry push and SHE
Published on: Feb. 1, 2026, 3:34 p.m. | Source:
CNBC TV18
Finance Minister unveils Mahatma Gandhi Gram Swaraj initiative, SHE Marts, and increased state funding to boost rural development and women-led enterprises.