Shrimi Choudhary And Abhijit Lele

Stories by Shrimi Choudhary And Abhijit Lele

Reeling under high prices? Finance ministry says it's downside to growth

Reeling under high prices? Finance ministry says it's downside to growth

Rediff.com   6 Mar 2021

'While intensification of fuel prices and broad-based domestic cost pass-through pressures is a downside risk, core inflation is expected to strengthen further as demand recovers to pre-Covid levels,' the ministry said on Friday.

How successful is India in catching economic offenders?

How successful is India in catching economic offenders?

Rediff.com   5 Mar 2021

Despite Nirav Modi win, in the last five years, India managed to bring only about 20 fugitive offenders.

ED slaps money laundering case on Franklin MF

ED slaps money laundering case on Franklin MF

Rediff.com   4 Mar 2021

The ED case follows the police complaint for alleged criminal conspiracy and defrauding investors.

Govt likely to ease restrictions on Chinese FDI

Govt likely to ease restrictions on Chinese FDI

Rediff.com   3 Mar 2021

However, that could only be for sectors where 100 per cent FDI is allowed under the automatic route and pose no risk to national security.

Trading glitch: Sebi, FinMin seek detailed report from NSE

Trading glitch: Sebi, FinMin seek detailed report from NSE

Rediff.com   25 Feb 2021

The exchange cited issues with its telecom service providers that prevented stocks and index quotations from getting updated.

Stressed asset cases likely to be resolved soon

Stressed asset cases likely to be resolved soon

Rediff.com   22 Feb 2021

Government may also consider giving relief to some of the worst-affected sectors.

Sebi paves way for LIC's mega float

Sebi paves way for LIC's mega float

Rediff.com   18 Feb 2021

Sebi's change of rules will give the government -- which owns 100 per cent of LIC -- the flexibility to assess market demand and opt for lower dilution.

Singapore-based DBS Bank plans to trim India branches in 2-3 years

Singapore-based DBS Bank plans to trim India branches in 2-3 years

Rediff.com   15 Feb 2021

The combined deposits of its Indian operations stood at SGD 9 billion and net advances were at SGD 5.6 billion at the end of December 2020.

FM Sitharaman seeks Parliament nod for Rs 6.3-trillion extra spending

FM Sitharaman seeks Parliament nod for Rs 6.3-trillion extra spending

Rediff.com   12 Feb 2021

Of the cash outgo, Rs 64,598 crore is for enhanced expenditure on fertiliser subsidy under Atmanirbhar Bharat Abhiyan 3.0 and Rs 20,466 crore for the capital outlay in defence services.

Finmin pins hope on vaccine drive for robust recovery in services sector

Finmin pins hope on vaccine drive for robust recovery in services sector

Rediff.com   11 Feb 2021

FY22 will be the year to rebuild with the IMF projecting output growth at 11.5 per cent, economic survey at 11.0 per cent and the RBI's Monetary Policy Committee at 10.5 per cent.

'Rating agencies are like Bollywood'

'Rating agencies are like Bollywood'

Rediff.com   11 Feb 2021

'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.

Budget 2021: Govt stares at revenue shortfall of Rs 7 trillion this fiscal

Budget 2021: Govt stares at revenue shortfall of Rs 7 trillion this fiscal

Rediff.com   29 Jan 2021

Revenue from divestment has fetched Rs 40,000-50,000 crore against target of Rs 2.10 trillion.

Budget may open window for big-ticket foreign investments

Budget may open window for big-ticket foreign investments

Rediff.com   26 Jan 2021

The Centre plans to create a special window for strategically important investors such as sovereign wealth funds and pension funds that wish to invest over Rs 3,000 crore through a single transaction.

Budget 2021: Govt may target fiscal deficit at 4% of GDP by 2025-26

Budget 2021: Govt may target fiscal deficit at 4% of GDP by 2025-26

Rediff.com   25 Jan 2021

To enable widen the fiscal deficit beyond the permissible limit under the present legislation, the government may have to propose amendment to the FRBM Act in the Finance Bill.

Govt likely to unveil new DFI framework in Budget

Govt likely to unveil new DFI framework in Budget

Rediff.com   21 Jan 2021

Industry players believe the new DFI model will be initially risk capital, which will then be used to mobilise additional resources from development agencies such as World Bank.

Over Rs 950-crore tax evasion by Swiggy, Flipkart unit,: I-T department

Over Rs 950-crore tax evasion by Swiggy, Flipkart unit,: I-T department

Rediff.com   21 Jan 2021

Tax concealment in case of Walmart-owned Flipkart's unit is about Rs 650 crore while the remaining estimation is related to Swiggy.

Budget 2021: Sharper focus on health care likely

Budget 2021: Sharper focus on health care likely

Rediff.com   20 Jan 2021

CII has also called for tax incentives for new health care projects and import duty relief for lifesaving equipment.

Cash was king in 2020 even as digital transactions increased

Cash was king in 2020 even as digital transactions increased

Rediff.com   20 Jan 2021

The hoarding of cash accentuated from the very start of 2020, when the coronavirus pandemic started taking hold the world over, and fear of the pandemic prodded people to remain liquid for emergency use.

Govt mulls easing NPA norms

Govt mulls easing NPA norms

Rediff.com   18 Jan 2021

Move to increase 90-day window to 120 days to give more time to borrowers to service loans.

Show-cause notice to Amazon India over Rs 175 cr tax demand

Show-cause notice to Amazon India over Rs 175 cr tax demand

Rediff.com   13 Jan 2021

Probe has allegedly found calculation errors by Amazon. The company paid higher GST but instead of claiming refund took wrong input tax credit.