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8-year-old from Tamil Nadu donates all his savings to the Indian Army. Netizens call him 'precious'
8-year-old from Tamil Nadu donates all his savings to the Indian Army. Netizens call him 'precious'

Time of India

time15-05-2025

  • General
  • Time of India

8-year-old from Tamil Nadu donates all his savings to the Indian Army. Netizens call him 'precious'

A boy from Tamil Nadu donated his savings to the Indian Army. The eight-year-old saved money for ten months. He wanted to honor the soldiers' bravery. He personally gave the money to the Karur District Collector. The collector praised his selfless act. A video of the boy went viral on social media. People admired his compassion and patriotism. Tired of too many ads? Remove Ads Saving for a Purpose, Giving with a Mission A Personal Delivery of Patriotism In His Own Words: Why He Gave It All A Wave of Admiration Online Tired of too many ads? Remove Ads He's merely eight years old, but that didn't stop him from paying a touching tribute to the Indian Army. A little boy, hailing from Karur, Tamil Nadu, recently hit headlines for donating his savings, which he had accumulated over 10 months, to the Armed the past ten months, the young child had been quietly setting aside his allowance and collecting small amounts from family members, all with a purpose far bigger than himself. The total wasn't large by monetary standards, but it was filled with purpose, emotion, and dedication. What moved him deeply was learning about the Indian soldiers' bravery and relentless sacrifice in protecting India's borders. His young heart, stirred by these stories of courage, found only one way to express his respect — by donating everything he had boy didn't rely on others to make the donation on his behalf. He carried his small money bank — uniquely shaped like a miniature water tank — to the Karur District Collector's office, filled with rupee notes and coins. There, he personally handed it over as a token of gratitude to the country's protectors. The district collector, moved by the heartfelt gesture, publicly applauded the young donor for his selfless act and the thoughtful motivation behind a video clip broadcast by a local news outlet, the child explained the inspiration behind his actions. He said, 'I study in the second standard. I saved all my money to give to the army soldiers because I want to help those who protect us.' His innocent yet profound words reflected a deep sense of empathy rarely seen in someone so video was shared by X (formerly Twitter) user Sandeep Yadav, and it quickly went viral. Social media was flooded with admiration. One user commented, 'Such a precious young child, gifted with extraordinary common sense and generosity. Hope his mind stays this way forever despite the toxic media in TN. Lots of love and wishes to this amazing kid.'Another wrote, 'It's not the amount, but the intent that counts. This young boy has made his parents and the nation proud.''No matter how much he has donated, I appreciate his ideology and his efforts. He made his parents proud at a very young age,' another observed. Another wrote, 'Great step by the lovely child. He is an inspiration for others to follow.'

Security forces recover huge cache of ammunition on Jharkhand-Bihar border during inter-state Maoist operations
Security forces recover huge cache of ammunition on Jharkhand-Bihar border during inter-state Maoist operations

New Indian Express

time07-05-2025

  • New Indian Express

Security forces recover huge cache of ammunition on Jharkhand-Bihar border during inter-state Maoist operations

RANCHI: The security forces have recovered at least two lockers (Almirah) along with a huge cache of ammunition on the Jharkhand-Bihar border during an inter-state operation against the banned CPI (Maoist) being conducted in the Chakarbandha forests. According to Palamu SP Rishma Rameshan, all the landmines were hidden by the Maoists in a cave, which was to be used later, possibly to target the security forces. 'As of now, the security forces have also recovered two lockers, supposedly belonging to top Maoist Commander Sandeep Yadav, who carried a reward of Rs 25 lakh on his head. Sandeep Yadav died in 2023,' said the SP. The lockers, which have been recovered from the jungles, were being used to hide the levy money extorted from the contractors and businessmen, she added.

Chase for yield leads mutual funds to Indian state, corporate bonds
Chase for yield leads mutual funds to Indian state, corporate bonds

Reuters

time28-03-2025

  • Business
  • Reuters

Chase for yield leads mutual funds to Indian state, corporate bonds

MUMBAI, March 28 (Reuters) - Indian mutual funds have ramped up investments in state and corporate bonds while selling federal government debt to take advantage of the rising yield differential, fund managers said. "Mutual funds have preferred spread assets like corporate bonds and state debt over government securities, as the supply has increased, and spreads have widened with an expectation of lower supply in April-June," said Sandeep Yadav, head of fixed income at DSP Mutual Fund. The gap between yields on India's state bonds and federal government bonds rose to over 50 basis points, the highest in more than a year, while that between corporate debt and federal debt jumped to as much as 90 basis points. In the three months to March-end, there was a rush in corporate bond supply, while there was not much activity in government bonds, said Kruti Chheta, a fund manager at Mirae Asset Management. "In order to take advantage of bond supply and lock in at attractive yields, mutual funds may have replaced government bonds with corporate bonds," Chheta said. During the quarter, the federal government sold 2.79 trillion rupees of notes while states raised 4.34 trillion rupees. Corporates sold more than 3 trillion rupees of debt. Investors also piled on high-yielding bonds as policy interest rate cuts and an expected improvement in India's banking system liquidity in the coming months could lead to a narrowing of the yield advantage. "With positive liquidity and rate cuts, we believe along with long government bonds, the 3 to 5 year corporate bonds will also come down and state debt spreads will also see a compression," Devang Shah, head of fixed income at Axis Mutual Fund, said. The fund house will stay long on government bonds, but has started to switch to other options, largely corporate bonds, the fund manager said. ($1 = 85.6175 Indian rupees)

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