&w=3840&q=100)
AIFF to roll out one-time medical fund for retired football figures
A dedicated committee will be formed to evaluate applications on a case-to-case basis.
AIFF President Kalyan Chaubey, who pledged Rs 1,00,000 to the fund, emphasised that the initiative was a humanitarian gesture, recognising the lifelong contributions of those who have served Indian football, a release from the national federation said.
"AIFF will contribute an amount of Rs 5,00,000 to the fund. The terms and conditions of the grant will be set by relevant committees," the release said.
The AIFF also said it will proactively explore avenues to enhance the fund over time, including the organisation of charity matches and mobilising support from other potential sources of revenue and partnerships.
In addition to the Benevolence Fund, Chaubey also proposed the establishment of a Pension Fund for AIFF employees who have served 20 years or more and have retired from the organisation at the age of 60 or later.
The AIFF's Finance Committee met here on Tuesday and approved the opening of new bank accounts for the Benevolence and Pension Funds.
In addition to this, the Finance Committee, headed by Menla Ethenpa, reviewed the accounts for the financial year 2024-25 and sent them for audit.
The Finance Committee also proposed a new procurement policy, which will be forwarded to the Executive Committee for approval at its next meeting.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Wire
18 minutes ago
- The Wire
Trump Considering Hiking 25% Tariff on India ‘Very Substantially' in Next 24 Hours
He also said that New Delhi's ostensible offer to lower its tariffs to zero is 'not good enough' if it keeps buying Russian oil. New Delhi: US President Donald Trump has reiterated his intention to levy a tariff on Indian goods 'very substantially' higher than the 25% he announced last week, repeating his stance that he is unhappy with India's purchases of Russian oil even as Moscow continues its war with Ukraine. In an interview to CNBC Television on Tuesday (August 5), Trump also claimed that while New Delhi has agreed to charge 'zero tariffs' on American goods, its offer is 'not good enough' as long as it continues to buy oil from Russia. A day prior, Trump had said he would 'substantially raise' his 25% tariff on India – scheduled to go into effect on Thursday – because it was 'not only buying massive amounts of Russian Oil' but selling much of this 'on the Open Market for big profits', drawing a rejoinder from the Ministry of External Affairs , which pointed to Washington as well as the EU's continuing economic links with Moscow. Speaking to CNBC, Trump said on Tuesday that he was considering raising his 25% tariff on India 'very substantially over the next 24 hours' because of its purchases of Russian oil. 'So we settled on 25%, but I think I'm gonna raise that very substantially over the next 24 hours, because they're buying Russian oil, they're fuelling the war machine. And if they're going to do that, then I'm not going to be very happy,' he told the channel. Adding that India's tariffs on the US were too high, the president continued: 'Now I will say this. India went from the highest tariffs ever–they will give us zero tariffs … But that's not good enough, because of what they're doing with oil.' Trump on July 30 announced that India would pay a 25% tariff as well as a yet-undisclosed 'penalty' for buying energy and military equipment from Russia. This levy was to kick off two days later, but the executive order Trump signed deferred the date of its implementation to August 7. In a post on his Truth Social platform on Monday, Trump blamed India for not caring 'how many people in Ukraine are being killed by the Russian War Machine', adding that because of its dealings with Moscow he would be 'substantially raising the tariff paid by India to the USA'. New Delhi, which had stuck to its cautious approach to the issue when Trump announced the tariff and also went on to call India's economy 'dead', responded by accusing Washington and Brussels of 'targeting' India in an 'unjustified and unreasonable' manner. Charging the US with 'actively encouraging' its imports of Russian oil shortly after Moscow's invasion of Ukraine in early 2022, the Ministry of External Affairs pointed to the US as well as the EU's continuing trade with Russia in various sectors after the latter's invasion began. 'In this background, the targeting of India is unjustified and unreasonable. Like any major economy, India will take all necessary measures to safeguard its national interests and economic security,' it said in a statement. Citing the US's trade deficit with India as well as the latter's high tariffs, Trump had unveiled a 26% 'reciprocal' tariff on India earlier this year but deferred it pending the completion of negotiations over a trade deal. Talks pursuant to that deal are ongoing but New Delhi's resistance to opening up its dairy and agricultural sector to America is reportedly a sticking point. There is no sign of a deal yet even as Trump has claimed on more than one occasion that India has agreed to lower its tariffs. Bilateral ties have also taken a hit amid Trump's repeated claims – consistently denied by India – that he mediated a ceasefire to the Indo-Pakistani military conflict in May by using trade with the two countries as leverage. The perception of a tilt towards Pakistan was reinforced when Trump hosted a luncheon for Pakistan's army chief , Field Marshal Asim Munir, and more recently taunted India after finalising a trade deal with Islamabad that includes the development of its 'massive' oil reserves. Meanwhile, India since 2022 has emerged as a top buyer of Russian crude oil – which has come under heavy sanctions from the US and its allies. Russia now accounts for nearly 40% of India's oil imports, while Delhi is currently Moscow's second-largest buyer after China. The tariffs have also cast a cloud over the two sides' burgeoning defence partnership. This article went live on August fifth, two thousand twenty five, at fifty-nine minutes past nine at night. The Wire is now on WhatsApp. Follow our channel for sharp analysis and opinions on the latest developments.
Indian Express
18 minutes ago
- Indian Express
Ashwin rips into England's ‘reckless' cricket after dramatic collapse: ‘Cricketing gods punished England, helped India'
Former India spinner Ravichandran Ashwin didn't hold back his emotions while appreciating the efforts of pacer Mohammed Siraj and Prasidh Krishna which helped India beat England by six runs in the fifth and final Test match at The Oval in London but he also criticised reckless approach by Harry Brook who almost pulled the game away from India but failed to take England home after throwing away his wicket. Brook smashed a brilliant counterattacking century in a chase of 374 and added 195 runs for the fourth wicket alongside Joe Root, who also struck a ton. When the duo was batting, it looked as if England would seal the series on Day 4, but Brook tried to charge at Akash Deep and was caught by Mohammed Siraj. Krishna and Siraj then changed the momentum back in India's favour as India levelled the five-match Anderson-Tendulkar series 2-2. 'When he (Brook) walked into the crease at 100/3, England were not in the match at all and when he took those chances against Akash Deep, England were staring down the barrel and a big defeat was reckoning but when he got out it was the moment that Harry Brook could have cherished. He could have walked outside The Oval with his bat held high alongwith Joe Root who broke records after records and could have won the series 3-1 for England but he played reckless shot and it was his punished of that was why England lost the match and ended up drawing the series,' said Ashwin on his YouTube show Ash ki baat. 'As a captain, as a coach, you can proclaim to the world that this is your brand of cricket. They can say that Brook played the way we wanted him to play. He embraced our beliefs. All of this is easier said than done but Test cricket needs a certain amount of balance. Yes, I agree that this approach did get you runs in the first innings but in the fourth innings, if you are playing on 100 and the finish line is in sight, then it is your responsibility to see your team through,' he added. Ashwin went on to say that England disrespected cricketing gods and that was why the conditions changed in favour of Indian pacers out of nowhere. 'Brook definitely missed that opportunity and it all fell on Root's shoulders and for India's good, the conditions also changed, and such things happen when the cricketing gods are disrespected. The way England disrespected the cricketing gods, even the clouds came together, cried on the pitch and allowed the ball to move a lot,' said Ashwin.
Mint
18 minutes ago
- Mint
Bar Council says CMS-Induslaw merger violates norms, issues show-cause notice
The Bar Council of India (BCI) has flagged 'unauthorized, unregistered, and impermissible collaborations' between Indian and foreign law firms without following specific registration processes mandated by the country's top legal practice and education regulator. The recent pact between global law firm CMS and one of India's full-service law firms Induslaw has come under BCI's lens, and the regulator has issued show-cause notice to the merged entity. 'The BCI has noted with grave concern that certain foreign law firms, in association with Indian law firms, are holding themselves out as unified or integrated global legal service platforms… The Council affirms that such structures, if implemented and operationalized without prior registration under the Bar Council of India Rules for Registration and Regulation of Foreign Lawyers and Foreign Law Firms in India, 2023… are impermissible,' said BCI in a statement on Monday. The council raised its concerns that these pacts are often structured through 'Swiss Vereins, strategic alliances, exclusive referral models, or joint branding initiatives, which are then publicly promoted under combined identities, thereby portraying to clients and the public at large a de facto integrated legal practice across jurisdictions, including within India.' Swiss Vereins is a kind of a legal partnership model that allows two companies to work under one brand name, but maintain separate financial and legal identity. CMS Induslaw was one such alliance, formed about three months ago, that was mentioned by the BCI in its statement. The deal was aimed at boosting Induslaw's international reach while giving CMS a foothold in a market that bars foreign legal players from practicing Indian law or engaging in litigation in local courts. The joint entity–CMS Induslaw–boasted of 6,800 lawyers in 45 countries, including 1,400 partners in the global firm. Advocate Siddharth Chandrashekhar, counsel at the Bombay High Court, said: 'While the Bar Council of India is right in seeking to discourage backdoor entry practices that are clearly contrary to its regulations, such measures may also inadvertently hamper genuine cross-border collaborations.' Incidentally, just days before the merger was announced, BCI notified amended rules allowing foreign lawyers and law firms to practice foreign law in India on a limited basis. The rules make it clear that foreign lawyers will be restricted to non-litigious matters, involving foreign law, international law, and arbitration—particularly in the context of cross-border transactions and international disputes. To ensure oversight and limit undue competition, the BCI has implemented rigorous registration and renewal requirements for foreign entities. These include documentation related to legal qualifications, no-objection certificates, and formal declarations of regulatory compliance. The council is not satisfied with the merger details and pointed out that CMS Induslaw and Dentons Link Legal, upon scrutiny, appear to have engaged in conduct "violative of the applicable Indian legal and regulatory framework'. Global law firm Dentons had announced its combination with India's Link Legal in 2022. BCI has issued separate 'show cause notices to the concerned entities and individuals involved in the aforementioned arrangements' and highlighted that failure to provide with details of arrangements, etc. will attract penalties. This scrutiny comes at a time when the local legal industry is divided on how the BCI's new rules regarding foreign law firms will impact their practices. The council's framework had introduced a reciprocity model, allowing Indian lawyers and firms to register as foreign law practitioners abroad, thus expanding their global footprint without giving up the right to practice Indian law at home.
