Funds

Google has created $100 million funds for YouTube Shorts in order to pay users for making engaging content and will roll out this option for users in the US and India. YouTube will get in touch with creators with original content and wide-scale engagement. Although the payment amount is unknown, YouTube plans to keep it up till 2022. This initiative is seen to rival the now banned Chinese app Tiktok.

Securities market regulator SEBI has urged the fund houses to contribute to Limited Purpose Clearing Corporation (LPCC) in a newly revised formula framed in FY 2020-21. Reportedly, the contributions now includes assets in conservative hybrid funds while excluding assets in gilt funds and overnight funds. Earlier, the formula was in accordance to the rules framed in FY 2019-20. Notably, contributions to LPCC improves liquidity in corporate… read-more

The Kerala government has planned to expand and renovate Elephant Rehabilitation Centre at Thiruvananthapuram's Kottur to attract tourists. The project would be undertaken with a funding of Rs 108 crore from Kerala Infrastructure Investment Fund Board. The construction will cover around 176 hectares of forest including various amenities like a veterinary hospital, museum and cemetery among others. The centre will also have a system to produce… read-more

The European Union has recommended its members to use €750 billion for COVID-19 recovery packages. They have asked their 27 member countries to spend money on green energy, transport, and also focus on other areas. EU official Paolo Gentiloni said, "The guidance aims to help the member states to prepare national plans in line with our agreed objectives". The member countries can apply for said grants from January 2021.