Skip to main content

Featured Post

The Great Calibration: Key Features of the 2026 U.S.-India Trade Deal

  The early weeks of 2026 have witnessed a seismic shift in the geopolitical and economic landscape as the United States and India finalised a landmark trade deal. Following a year of escalating tensions, punitive tariffs, and complex diplomatic manoeuvring, the agreement announced on February 2nd, 2026, by President Donald Trump and Prime Minister Narendra Modi marks a significant "reset" in the relationship between the world’s two largest democracies.   This deal is not merely a technical adjustment of customs duties; it is a strategic alignment aimed at decoupling supply chains from shared adversaries, securing energy independence, and cementing a high-tech partnership that could define the mid-21st century. Below are the key features and pillars of this monumental agreement.   1. The Great Tariff Reduction: From 50% to 18% The most immediate and visible feature of the 2026 deal is the drastic reduction in U.S. tariffs on Indian goods. In August 2025, the U.S. administ...

US magazine Town & Country included Nita Ambani in the list of top philanthropists, praised for helping during COVID19







America's leading general-interest magazine Town & Country has included  Nita Ambani and  Reliance Foundation in its list of top philanthropists of 2020 in its summer issue. He has been bestowed with this honour for helping in combative action by preventing the coronavirus epidemic. The magazine's cover story states that Ambani has played a leading role in the Reliance Foundation's efforts to feed the poor and labourers, make financial contributions and establish the country's first COVID19 hospital.

Nita Ambani is the only Indian in this list of top philanthropists. The list also includes celebrities like Tim Cook, Oprah Winfrey, Lawrence Powell Jobs, the Louder family, Dontella Versace, Michael Bloomberg, Leonardo DiCaprio. Town & Country is America's leading lifestyle magazine. It is the oldest continuously published magazine in the US. It has been published since 1846. Every year an entire issue of this magazine is devoted to the Philanthropists. The magazine said that this year's issue is a bit more important. These people are saving our lives under historical circumstances. Raising hope in us.

Philanthropy is a Greek word according to the magazine. It means love for mankind. But it is also an idea. It brings light into the darkness. Hope in despair arouses. It provides relief in times of crisis. It means generosity while giving justice to all.

Regarding the contribution of Ambani and Reliance Foundation, the magazine said that Reliance Foundation provided food to millions of workers and poor and distributed masks to them, built the country's first COVID19 hospital and donated $ 7.2 million to an emergency fund. Reliance Foundation is the philanthropic unit of Reliance Industries. Neeta Ambani is the founder and chairperson of this foundation.

On this occasion, Nita Ambani said that always relief and resources have to be provided in times of crisis. In such a situation a sense of simplicity and service is required. Over time, we at Foundation and Reliance Industries have prepared ourselves to act immediately and in a multi-faceted and orderly manner in times of crisis. We are happy that our works are recognized globally. We are committed to helping the government and our community in their time of need in philanthropy.

Reliance Foundation established the country's first COVID19 hospital in March. The hospital located in Mumbai was started with 100 beds. It was completed in just two weeks. COVID19 patients started being admitted to this hospital from late March. The number of beds was increased to 220 in April. The foundation started a nationwide food service, called Grain Service. Under this, 5 crore meals have been provided so far. It has become the largest corporate mile program in the world. The Foundation also provides online medical assistance, home quarantine facility to COVID19 patients in Mumbai, assistance to rural communities, food and healthcare to domestic and domestic animals and cattle. Reliance Industries has also started manufacturing masks and PPE.



Comments

Popular posts from this blog

Know All About Sovereign Gold Bond Scheme (SGB)

    The first time Sovereign Gold Bond Scheme was first introduced by the Government of India in the Union Budget of 2015-16. It was introduced by the Government of India to reduce the demand for the physical gold form and a part of this physical gold is bought every year in the form of gold bands for the purpose of invest in SGB.   Latest on Sovereign Gold Bond Scheme    A tenth tranche of the buy SGB Series – The Sovereign Gold Bond Scheme 2021-22 - Series X in which the Reserve Bank of India (RBI) sell gold bonds linked to the market price of gold on behalf of the government made available for investment will be open for buy SGB for the period from February 28th to March 4th.   What is Sovereign Gold Bond?   The Sovereign Gold Bond is an initiative taken by the Government of India to reduce the demand for physical gold as per the Reserve Bank of India as the increasing import of gold is affecting the growth and investment of India. Large quantities ...

Know that senior citizens get many special concessions in income tax

  People above 60 years of age, i.e., senior citizens, not only get the benefit of income tax exemption but also receive special relief from income tax on investments and returns. Elderly citizens do not have to pay any income tax on income up to Rs 3 lakh.   Exemption in tax limit under 80C limit: The tax exemption limit for old citizens in a financial year is Rs 3 lakh, while a common man gets tax exemption only up to Rs 2.5 lakh. For very senior citizens who are above 80 years of age, it is Rs 5 lakh. That is, if the annual income of a senior citizen is up to Rs 3 lakh and TDS has not been deducted, then he need not file an income tax return. Similarly, very senior citizens need not file income tax returns if they do not have an annual income up to Rs 5 lakh.   If the age is more than 75 years then no return is required: Those above 75 years of age are not required to file tax returns. There is no any need to file ITR for people above 75 years of age who are ...

What is Nifty and how to invest in it? Learn all the important tips

  Everyone who has gained proficiency from mutual funds to the stock market should know that investing in both is different. For example, the Nifty is an index that includes the top-50 listed companies on the National Stock Exchange (NSE). On the other hand, the SENSEX is a 30-stock index of the Bombay Stock Exchange (BSE). These are the blue-chip stocks of the best-performing companies belonging to various sectors. If an investor is still planning to invest in Nifty, then let us know what you should keep in mind.   Set Investment Goal   One of the most important things you can do for yourself is to know how to help the investor achieve his financial goals. And a common investor does not have to be an expert to do this. The investor only needs to know a few basics, make a financial plan and be disciplined enough to follow it.   Ask the investor what he or she wants and list your most important financial goals. You have to decide whether the investors are ...