US federal mortgage giant Fannie Mae has laid off about 700 employees, including Telugu workers, over the two days. About 200, a majority of them Telugu, were fired on "ethical grounds", The Times Of India reported, citing sources. The terminations are linked to the irregularities and misuse of the company's "matching grants program", a scheme designed to support charitable donations, according to the English daily. Some employees were allegedly hand-in-glove with non-profit organisations, such as the Telugu Association of North America (TANA), and misused company funds. TANA is at the centre of the controversy, with one laid-off employee holding a regional vice president position in the organisation and another the spouse of a former president of the American Telugu Association (ATA), the report said. This controversy follows a similar scandal at Apple in January 2025, where over 100 employees were fired for misusing its "Matching Gifts Programme....
Civil Aviation Minister K Ram Mohan Naidu has announced a 50 per cent reduction in airfare for passengers traveling to the Kumbh Mela. The new reduced fares came into effect starting today.
The government has already directed airlines to cut the ticket prices. Three meetings were held with airline companies before implementing the fare reduction.
Airlines were reminded that such a grand event happens once in 140 years, and they must be mindful of the significance.
At the same time, the government has ensured that airlines do not suffer financial losses due to the fare reduction.
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