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USAID cuts can't win philanthropy debate

Financial Express Lucknow

|

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.

FLERE HISTORIER FRA Financial Express Lucknow

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Auto tech funding in Delhi-NCR rises fivefold in Jan-Sept

AUTO TECH FUNDING in Delhi-National Capital Region (NCR) has risen 517% in the first nine months of 2025, netting $1.3 billion compared with $218 million in the same period of 2024.

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'With Sierra, we're targeting SUV market share of 20-25%'

Tata Motors relaunched the Sierra on Tuesday. Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles, tells Akbar Merchant the SUV should appeal to younger buyers looking for something different in terms of styling, a premium feel and who want their SUVs to reflect their personality. Excerpts:

time to read

1 mins

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New norms for debenture trustees unveiled

ISSUING DETAILED GUIDELINES for debenture trustees (DTs), Sebi on Tuesday said they need to have a separate business entity for carrying out non-Sebi regulated financial activities.

time to read

1 min

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The quest for cultural relevance

LIVE EVENTS CAN PROVIDE A SPIKE IN SALES AND VISIBILITY BUT ARE YET TO EMERGE AS A MAJOR REVENUE STREAM

time to read

3 mins

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Financial Express Lucknow

Labour codes to push social security cover to 85% in 3 yrs: SBI Research

THE IMPLEMENTATION OF the four new labour codes will boost social security coverage to 85% in next 2-3 years and would generate additional employment for 7.7 million people, a report by the State Bank of India Research said on Tuesday. It, however, cautioned about the possibility of short-run frictions followed by medium-run gains as compliance costs fall and formal hiring expands.

time to read

1 mins

November 26, 2025

Financial Express Lucknow

Ayni exit may limit regional outreach

As geopolitical competition intensifies in Central Asia, India will have to prioritise transparent and reliable connectivity strategies

time to read

3 mins

November 26, 2025

Financial Express Lucknow

Govt may divest 25% in infra lender IIFCL

IPO TO INCLUDE FRESH EQUITY & STAKE SALE

time to read

1 mins

November 26, 2025

Financial Express Lucknow

Cabinet nod to rare earth PLI soon

₹7,300-CRORE SCHEME TARGETS 6,000-TONNE MANUFACTURING ECOSYSTEM

time to read

2 mins

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Financial Express Lucknow

Tata relaunches Sierra starting at ₹11.49 lakh

TATA MOTORS RELAUNCHED the popular Sierra model on Tuesday with the price starting at ₹11.49 lakh (ex-showroom, introductory).

time to read

1 min

November 26, 2025

Financial Express Lucknow

Jubilant FoodWorks pulls ahead of peers with quick service

. Reports strong same-store sales growth for fourth straight quarter

time to read

2 mins

November 26, 2025

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