Shrimi Choudhary

All stories by Shrimi Choudhary

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.com2 days ago

'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.com3 days ago

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

Govt likely to ease restrictions on Chinese FDI

Govt likely to ease restrictions on Chinese FDI

Rediff.com5 days ago

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.

Stressed asset cases likely to be resolved soon

Stressed asset cases likely to be resolved soon

Rediff.com22 Feb 2021

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

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.com12 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.com11 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.com11 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.com29 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.com26 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.

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.com21 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.

Govt mulls easing NPA norms

Govt mulls easing NPA norms

Rediff.com18 Jan 2021

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

Ministries face cash crunch as winter session scrapped

Ministries face cash crunch as winter session scrapped

Rediff.com28 Dec 2020

The health and family welfare ministry spent 70 per cent of its allocation till October. The ministry may need additional funds for the vaccination drive which is expected to be kicked off from January.

Sebi mulls separate department to check misuse of IPO funds

Sebi mulls separate department to check misuse of IPO funds

Rediff.com18 Dec 2020

The new wing will be known as the corporate finance investigation department, which will be headed by one of Sebi's executive directors. This department will have information technology solutions experts, particularly to detect the menace of frauds.

Regulatory burden on 8 sectors to be eased soon

Regulatory burden on 8 sectors to be eased soon

Rediff.com12 Dec 2020

In the first phase, most of the outdated regulations in the state and central Acts will be removed. Further, compliances with regard to annual inspections, licence renewal, and storage of multiple data will be eased.

Lakshmi Vilas Bank comes under Sebi scanner for 'insider trading'

Lakshmi Vilas Bank comes under Sebi scanner for 'insider trading'

Rediff.com10 Dec 2020

LVB had faced some serious flak in terms of bad loans, earnings and credit rating downgrades, since 2016.

Dhoot admits 'not genuine' financial deals with Kochhars, says ED

Dhoot admits 'not genuine' financial deals with Kochhars, says ED

Rediff.com8 Dec 2020

In his statement to the Enforcement Directorate, Dhoot conceded that Rs 64 crore had been transferred to Deepak Kochhar's NuPower Renewables through a web of entities to allegedly acquire wind farm properties.

ED challenges clean chit to Kochhars and Dhoot

ED challenges clean chit to Kochhars and Dhoot

Rediff.com1 Dec 2020

The ED is of the opinion that the authority stepped into the shoes of the trial court and commented on the preliminary investigation done by the CBI in the impugned order.

Special forum likely for foreign investors to ease contract woes

Special forum likely for foreign investors to ease contract woes

Rediff.com25 Nov 2020

The plan is to establish a consultative panel and appoint mediators to address various domestic issues, both at the central government and state levels.

Stimulus 4.0 might come before Diwali, focus on jobs and stressed sectors

Stimulus 4.0 might come before Diwali, focus on jobs and stressed sectors

Rediff.com12 Nov 2020

Unlike the first two stimulus packages, this time the focus would be on boosting demand.

EPFO may now get to invest in cash-starved infra sector

EPFO may now get to invest in cash-starved infra sector

Rediff.com10 Nov 2020

At present, the EPFO is mandated to invest 20-45 per cent of its incremental funds - of around Rs 1.5 trillion - in debt-related instruments.

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