Skip to main content

Featured Post

A Comprehensive Guide What Are the Best Stocks to Buy on the NSE?

  Introduction   India’s National Stock Exchange (NSE) is one of the world’s most dynamic value markets, advertising speculators introduction to a wide cluster of sectors—from data innovation and pharmaceuticals to buyer merchandise and budgetary administrations. As the Indian economy proceeds to develop, numerous retail and organization financial specialists ponder which stocks merit a put in their portfolios. Whereas there is no one ‑ size ‑ fits ‑ all reply, a taught approach that centres on essentials, valuation, and macro ‑ economic patterns can offer assistance you recognize high ‑ quality companies with solid development prospects.   Understanding the NSE Scene Metric What It Means for Investors Market Capitalization Large ‑ cap stocks (₹10,000 crore +) tend to be more liquid and less volatile, while mid ‑ caps and small ‑ caps can offer higher growth but come with greater risk. Liquidity (Average Dail...
Post a Comment

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.



Labels:

Comments

Post a Comment

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 ...
Post a Comment
Read more

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 ...
Post a Comment
Read more

What is the Orange Economy? Top Sectors to Invest in 2026.

  In a time when mechanization and machine learning are changing conventional businesses, a flourishing portion of the worldwide economy is illustrating that human resourcefulness is still a important asset. The "Orange Economy"—also known as the imaginative economy or social industries—has played a major part in protecting culture, making occupations, and developing the economy. But what is this energetic thought, and why is it picking up conspicuousness in discussions almost worldwide development?   What is the Orange Economy?   The express "Orange Economy" was at first utilized by previous Colombian President Iván Duque Márquez and previous Culture Serve Felipe Buitrago. Concurring to the Inter-American Improvement Bank, it is "the organize of interconnected forms through which thoughts are turned into social merchandise and administrations whose esteem is decided by mental property."   Orange was particularly picked since it has been related with devel...
Post a Comment
Read more