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USAID cuts can't win philanthropy debate

Financial Express Kochi

|

May 13, 2025

MICROSOFT FOUNDER BILL Gates recently accused Tesla's "technoking" (as stated on its website) Elon Musk of "killing the world's poorest children" as the latter shuttered the United States Agency for International Development (USAID) in February.

- ANVITII RAI

MICROSOFT FOUNDER BILL Gates recently accused Tesla's "technoking" (as stated on its website) Elon Musk of "killing the world's poorest children" as the latter shuttered the United States Agency for International Development (USAID) in February. Gates' comments are put into perspective when USAID's contributions are taken into account — in 2023, it amounted to $60 billion.

One can argue that the steep figure owes to the US' continuous support to war-torn Ukraine and warmongering Israel. But even without the war machinery, the US has been supporting many initiatives — started by Presidents over the years and ranging from AIDS prevention to eradicating malnutrition in children — via USAID since its inception in 1961.

Stop-work orders were issued in February by the Musk-led Department of Government Efficiency (or DOGE), which was formed to cut wasteful spending. However, while the US remains the largest contributor of foreign aid, that amount is a mere 1% of the federal budget and does not do much to help the "ailing" US administration.

Financial Express Kochi से और कहानियाँ

Financial Express Kochi

PM inaugurates Skyroot's orbital rocket in Hyderabad

PRIME MINISTER NARENDRA Modi on Thursday unveiled space startup Skyroot's first orbital rocket and praised Gen Z professionals for creating new technologies.

time to read

1 min

November 28, 2025

Financial Express Kochi

Govt pushes green farm tools to boost food output by ’47

THE GOVERNMENT WILL prioritise green fuel-based farm machinery and enhance access to mechanisation for small and marginal farmers as part of India's vision to become a global food basket by 2047, Agriculture Secretary Devesh Chaturvedi said on Thursday.

time to read

1 min

November 28, 2025

Financial Express Kochi

Cyclone Ditwah moves toward TN & Andhra

THE INDIA METEOROLOGICAL Department (IMD) Thursday afternoon said that cyclone Ditwah had developed in the southwest Bay of Bengal.

time to read

1 mins

November 28, 2025

Financial Express Kochi

TCS signs deal with SAP to drive cloud, Gen AI reboot

FIVE-YEAR CONTRACT BUILDS ON PARTNERSHIP OF OVER 2 DECADES

time to read

2 mins

November 28, 2025

Financial Express Kochi

Airtel likely to dial up capex by 56% in FY27

Broadband & 5G network upgrade, data centre push key capex drivers

time to read

1 mins

November 28, 2025

Financial Express Kochi

Unified portal soon to help retrieve unclaimed assets

THE FINANCE MINISTRY is working with the Reserve Bank to develop a unified portal to enable savers and retail investors to claim all unclaimed assets across asset classes such as bank deposits, pension fund, shares, and dividends, Department of Financial Services Secretary M Nagaraju said on Thursday.

time to read

1 min

November 28, 2025

Financial Express Kochi

NBBL targets one billion monthly transactions

NPCI BHARAT BILLPAY'S (NBBL) platform aims to process 1 billion transaction per month over the next three years, said Noopur Chaturvedi, MD & CEO of NBBL, a wholly owned subsidiary of the National Payments Corporation of India.

time to read

1 min

November 28, 2025

Financial Express Kochi

Meesho to raise up to ₹5,400 crore through IPO

INDIAN E-COMMERCE PLATFORM Meesho will raise up to %5,400 crore through an initial public offering that will open on December 3, sources said.

time to read

1 min

November 28, 2025

Financial Express Kochi

Benchmarks touch lifetime highs

ACCORDING TO Aashish P Sommaiyaa, ED & CEO of WhiteOak Capital AMC, while domestic flows are sustainable, FPI outflows are abating and there are early signs of change.

time to read

1 mins

November 28, 2025

Financial Express Kochi

Private telcos flag gaps in DPDP Rules

THE CELLULAR OPERATORS Association of India (COAI), which represents the three private telcos in the country, has said that several areas in the Digital Personal Data Protection (DPDP) Rules, 2025 require clearer articulation to support smoother and industry-aligned compliance.

time to read

1 min

November 28, 2025

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