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I-T Goes After Rs 7.7 Trillion Tax Arrears

 Senior tax officials were told to focus on cash collection from the arrears so that the target for FY23 was achieved and the overall revenue position improved. Illustration: Uttam Ghosh/Rediff.com......

Nov 3 Poll Huge Test For Uddhav-Shinde-BJP

 'The margin of victory or loss would make both camps rethink their strategies for the 2024 assembly election in Maharashtra.' Illustration: Uttam Ghosh/Rediff.com With the Uddhav Balasaheb......

'Modi is surrounded by nincompoops'

 'He wants people who say only yes.' Illustration: Uttam Ghosh/Rediff.com   "Modi is a committed man. But human resource management is his biggest problem," Anil Swarup, the former coal......

Mr PM, When will you solve India's HUNGER CRISIS?

 It is a difficult problem and will require the Union, state governments and civil society, meaning NGOs, to work together, points out Aakar Patel. Illustration: Uttam Ghosh/Rediff.com   In......

Beware of Chinese honey!

 Chinese companies have 'designed' the sugar syrup which is used to adulterate honey so that it can pass Indian laboratory tests, reveals Sunita Narain. Illustration: Uttam Ghosh/Rediff.com  ......

Improving metrics keep Street positive on stocks of public-sector banks

 Public sector banks (PSBs) have delivered significant outperformance over the past three years and the sector has been re-rated. Illustration: Uttam Ghosh/Rediff.com Given the growth and......

Banking system liquidity goes into surplus mode after 3 months

 The liquidity in the banking system moved into surplus almost after three months as the Reserve Bank of India (RBI) absorbed over Rs 40,000 crore from the market on Monday, predominantly on the......

Banks bid 2.5x against Rs 1.75 trn at VRR auction

 Banks submitted bids amounting to Rs 4.75 trillion, around 2.5 times of the notified amount of Rs 1.75 trillion, at the Variable Rate Reverse Repo (VRR) auction conducted by the Reserve Bank of......

Banks, finance companies lose weight despite record earnings

 Even as banks and finance companies are reporting record-high earnings, their weighting in the benchmark National Stock Exchange Nifty50 Index has seen a downward trajectory. Investors expect a......

Rising cost of funds may squeeze bank interest margins by 30 bps more

 Banks are likely to see their net interest margins (NIM) — broadly the difference between interest earned on loans and paid on deposits — shrink by another 30 basis points (bps) over......

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