federal grants

Amid profound financial upheaval, university and college educators in Bihar are grappling with unpaid salaries and pensions that have been overdue since March. The Federation of University Teachers’ Associations of Bihar expressed concern over the struggles faced by both transferred educators and retired staff.

In a surprising move, the Trump administration announced in August 2026 that the U.S. government acquired a 10% stake in chipmaker Intel, valued at approximately $11 billion. This equity was reportedly secured in exchange for federal grants, with President Trump expressing satisfaction with the deal, which he believes strengthens American technological leadership.

Seven months after its request was rejected, the Enforcement Directorate has again sought prosecution sanction from Tamil Nadu's chief secretary to proceed against former minister V Senthil Balaji in a cash-for-jobs scam.

AT&T secured a one-year FCC waiver, allowing minor hardware modifications to certain foreign-made Wi-Fi routers. This decision aims to prevent broadband service disruptions for customers, acknowledging supply chain issues. The FCC emphasized that these changes won't enhance performance or alter functionality, thus not compromising national security.

The UAE has become the first country to grant a Stored Value Facilities (SVF) license to a cryptocurrency platform, allowing regulated digital asset payments. This landmark approval enables UAE residents to pay government fees using cryptocurrencies, integrating virtual asset payments into the nation's regulated financial system and bolstering its digital economy.

A US federal trade court ruled against President Trump's 10% global tariffs, deeming them invalid and unauthorized by law. The court found the administration's justification under a 1974 trade law insufficient, a setback for a key trade policy. This decision offers stability to businesses reliant on global supply chains.