Twesh Mishra, Shrimi Choudhary &Amp; Nikita Vashisht

Stories by Twesh Mishra, Shrimi Choudhary &Amp; Nikita Vashisht

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.

Airlines may not benefit much from airfare hike. Here's why

Airlines may not benefit much from airfare hike. Here's why

Rediff.com   13 Feb 2021

'The recent price hike would only be beneficial if the airlines continue to operate at 80 per cent airline capacity. An increase towards 90 or 100 per cent airline capacity would again add pressure to the fares as demand remains muted. Also, we are in the fourth quarter of the fiscal year which is a seasonally weaker quarter,' says an analyst.

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.

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.

Wage revision clause in settlement proposal worries BPCL employees

Wage revision clause in settlement proposal worries BPCL employees

Rediff.com   12 Jan 2021

With the privatisation of BPCL appearing inevitable, there are worries that the new promoter would soon move to lower wages.

Oil and gas price volatility likely to continue in 2021

Oil and gas price volatility likely to continue in 2021

Rediff.com   4 Jan 2021

A swift recovery in oil demand in India is not only helping the stability of the global market, it is giving huge fiscal headroom to the government in terms of additional excise duty.

Ministries face cash crunch as winter session scrapped

Ministries face cash crunch as winter session scrapped

Rediff.com   28 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.

Centre may not get costly Pfizer vaccine

Centre may not get costly Pfizer vaccine

Rediff.com   22 Dec 2020

At $37 per dose, the Pfizer vaccine is much more expensive compared to $3 per dose for the Covishield.

Sebi mulls separate department to check misuse of IPO funds

Sebi mulls separate department to check misuse of IPO funds

Rediff.com   18 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.