Search results for 'State for Finance'

Iran war: Fiscal pressures on govt may mount next FY, say experts

Iran war: Fiscal pressures on govt may mount next FY, say experts

Rediff.com19 Mar 2026

Revenue collection next financial year may be affected, and, along with this, subsidies on food and fertilisers can go up if the war in West Asia drags for long, according to experts.

Indian-Origin Ex-Cop Pleads Guilty in UK 'Crash for Cash' Fraud

Indian-Origin Ex-Cop Pleads Guilty in UK 'Crash for Cash' Fraud

Rediff.com8 Apr 2026

A former Metropolitan Police officer of Indian origin has pleaded guilty to his involvement in a 'crash for cash' scam in the UK, involving fraudulent personal injury claims after staged vehicle collisions.

Shirtless protest at AI Summit: Two more arrested, funds under lens

Shirtless protest at AI Summit: Two more arrested, funds under lens

Rediff.com27 Feb 2026

Delhi Police have arrested two more Indian Youth Congress workers in connection with a 'shirtless' protest at the AI Summit, bringing the total arrests to 14. Authorities are investigating the financial trail behind the protest, suspecting funds meant for Bihar Assembly elections may have been diverted.

This Ex-Cricketer Will Now Run RCB

This Ex-Cricketer Will Now Run RCB

Rediff.com25 Mar 2026

Aryaman Vikram Birla transitions from a promising cricket career to owning the Royal Challengers Bengaluru IPL team.

Stormy first part of Budget Session ends

Stormy first part of Budget Session ends

Rediff.com13 Feb 2026

The first leg of the Budget session concluded with debates over the India-US trade deal and a former army chief's memoir, and will reassemble on March 9.

NCLT Orders Insolvency Proceedings Against Marvel Group Promoter

NCLT Orders Insolvency Proceedings Against Marvel Group Promoter

Rediff.com4 Mar 2026

The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency proceedings against Vishwajeet Jhawar, promoter of Marvel Group, following a petition by APRN Enterprises for outstanding debt.

Probe Launched into Alleged Financial Discrepancies at Panchkula Municipal Corporation

Probe Launched into Alleged Financial Discrepancies at Panchkula Municipal Corporation

Rediff.com25 Mar 2026

An FIR has been filed regarding alleged discrepancies related to Fixed Deposit Receipts (FDRs) involving nearly Rs 150 crore of Panchkula Municipal Corporation with a Kotak Mahindra Bank branch, leading to a formal investigation.

Vigilance Bureau Probes 150 Crore Discrepancies in Panchkula Municipal Funds

Vigilance Bureau Probes 150 Crore Discrepancies in Panchkula Municipal Funds

Rediff.com25 Mar 2026

Haryana's State Vigilance and Anti-Corruption Bureau has filed an FIR to investigate alleged discrepancies involving nearly 150 crore of Panchkula Municipal Corporation funds held in a Kotak Mahindra Bank branch.

It's time to get started, put money in deals: M&A financing opens up

It's time to get started, put money in deals: M&A financing opens up

Rediff.com15 Sep 2025

Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.

Gambling Raid at IAS Officer's Farmhouse Leads to Suspensions

Gambling Raid at IAS Officer's Farmhouse Leads to Suspensions

Rediff.com11 Mar 2026

Police raided the farmhouse of an IAS officer in Indore, Madhya Pradesh, detaining 18 people for alleged gambling and leading to the suspension of three police personnel.

Rajasthan Police Move to Seize Assets Linked to Online Betting Ring

Rajasthan Police Move to Seize Assets Linked to Online Betting Ring

Rediff.com16 Mar 2026

Rajasthan Police have initiated proceedings to attach properties worth approximately Rs 35 crore linked to an online betting racket in Karauli district, as part of 'Operation Shikanja'.

Matka King Review: Vijay Varma's Winning Bet

Matka King Review: Vijay Varma's Winning Bet

Rediff.com17 Apr 2026

Vijay Varma delivers a tour de force performance in Nagraj Popatrao Manjule's Matka King, a compelling eight-part series that chronicles the rise and fall of a gambling trailblazer in 1960s-1970s Bombay, notes Sukanya Verma.

Haryana Orders Probe into Panchkula Municipal Corporation's Missing Funds

Haryana Orders Probe into Panchkula Municipal Corporation's Missing Funds

Rediff.com25 Mar 2026

An FIR has been filed regarding alleged discrepancies in Panchkula Municipal Corporation's fixed deposit receipts (FDRs) of nearly Rs 150 crore held at a Kotak Mahindra Bank branch, leading to a state-level investigation.

How Did a 590 Crore Fraud Go Undetected At IDFC First Bank?

How Did a 590 Crore Fraud Go Undetected At IDFC First Bank?

Rediff.com23 Feb 2026

The quantum of fraud detected by the bank is more than the 503 crore net profit it reported for the October-December quarter of 2025-2026.

RBI Reassures on HDFC Bank's Financial Health Following Chairman's Exit

RBI Reassures on HDFC Bank's Financial Health Following Chairman's Exit

Rediff.com19 Mar 2026

The Reserve Bank of India (RBI) has issued a statement assuring the public of HDFC Bank's stability and sound financial position following the resignation of its chairman, Atanu Chakraborty, citing ethical concerns.

Sensex, Nifty Recover to Close Higher Amidst Rupee Rebound

Sensex, Nifty Recover to Close Higher Amidst Rupee Rebound

Rediff.com2 Apr 2026

Indian stock markets recovered from early losses to close higher, driven by value buying in IT and banking shares and a rebound in the rupee.

Why Capital Expenditure Needs Monitoring

Why Capital Expenditure Needs Monitoring

Rediff.com23 Feb 2026

After years of rapid expansion, the Centre's capital spending growth eases as private investment shows early signs of revival, points out A K Bhattacharya.

HDFC Bank initiates independent review after chairman's ethics-based resignation

HDFC Bank initiates independent review after chairman's ethics-based resignation

Rediff.com24 Mar 2026

HDFC Bank has launched an independent review by external law firms following the abrupt resignation of Chairman Atanu Chakraborty, who cited 'ethical concerns and practices within the bank' as the reason for his departure.

Phase out universal subsidies: ADB-PwC study to 16th FC

Phase out universal subsidies: ADB-PwC study to 16th FC

Rediff.com16 Feb 2026

Governments should move away from universal subsidies towards tightly targeted transfers, backed by stricter eligibility norms, sunset clauses and periodic audits to curb leakages and improve spending efficiency, a joint study by Asian Development Bank and PwC has recommended.

Bengaluru Police Nab Two Suspects in House Theft, Recover Stolen Valuables

Bengaluru Police Nab Two Suspects in House Theft, Recover Stolen Valuables

Rediff.com13 Mar 2026

Bengaluru police have arrested two men in connection with a house theft in HSR Layout, recovering gold ornaments, silver items, and other valuables worth Rs 15 lakh. The suspects were apprehended in Mysuru and confessed to pledging the stolen goods.

Finance Secretary TK Pandey is new Sebi chairman

Finance Secretary TK Pandey is new Sebi chairman

Rediff.com28 Feb 2025

The Indian government has appointed Finance Secretary Tuhin Kanta Pandey as the new chairman of the Securities and Exchange Board of India (SEBI). Pandey, a 1987-batch IAS officer, will replace Madhabi Puri Buch, whose three-year tenure ends on February 28. Pandey's appointment comes at a time when the markets are experiencing bear pressure due to withdrawals by foreign institutional investors (FIIs). Pandey has extensive experience in the finance ministry, having served as the longest-serving secretary in the Department of Investment and Public Asset Management (DIPAM) and the Department of Public Enterprises (DPE). He also played a key role in the framing of the 2025-26 Budget and the drafting of the new Income Tax Bill. Pandey's appointment is for an initial period of three years.

Will FY27 Be The Year Of Equities?

Will FY27 Be The Year Of Equities?

Rediff.com3 Apr 2026

Fixed deposits from nationalised banks delivered higher returns than equities, outperforming both inflation and stock market benchmarks.

Gold price volatility: Lenders demand more collateral or partial repayment if LTVs breached

Gold price volatility: Lenders demand more collateral or partial repayment if LTVs breached

Rediff.com3 Apr 2026

Lenders are actively monitoring gold price volatility, prompting them to ask borrowers for additional gold collateral or partial principal repayment when loan-to-value (LTV) thresholds are breached, particularly for loans disbursed in February.

Modi calls for action to protect citizens from West Asia conflict impact

Modi calls for action to protect citizens from West Asia conflict impact

Rediff.com2 Apr 2026

Prime Minister Narendra Modi convened the Cabinet Committee on Security to address the impact of the West Asia conflict on Indian citizens, focusing on safeguarding them from the conflict's effects and ensuring the smooth flow of essential supplies.

All queries answered, Oppn backs govt on West Asia: Kiren Rijiju

All queries answered, Oppn backs govt on West Asia: Kiren Rijiju

Rediff.com25 Mar 2026

He added that opposition parties were assured that their concerns regarding the impact of the West Asia situation on India and the safety of Indian citizens were addressed in detail.

Court Clears Ajit Pawar in Maharashtra Cooperative Bank Scam Case

Court Clears Ajit Pawar in Maharashtra Cooperative Bank Scam Case

Rediff.com16 Mar 2026

A local court in Mumbai has accepted the police's closure report in the alleged Rs 25,000 crore scam at the Maharashtra State Cooperative Bank (MSCB), giving a clean chit to the late deputy chief minister Ajit Pawar and other accused.

Five Arrested in Pratapgarh Murder Case

Five Arrested in Pratapgarh Murder Case

Rediff.com26 Feb 2026

Police in Pratapgarh, Uttar Pradesh, have arrested five individuals, including a woman and her lover, in connection with the murder of her husband. The accused confessed to the crime, which was motivated by an affair and financial incentives.

Blow to Trump as US Supreme Court strikes down his sweeping tariffs

Blow to Trump as US Supreme Court strikes down his sweeping tariffs

Rediff.com20 Feb 2026

The verdict marks a notable shift from a series of recent wins for Trump at the Supreme Court.

Leakage Or Seepage? Know Your Rights

Leakage Or Seepage? Know Your Rights

Rediff.com23 Mar 2026

Buyers should understand the distinction between the losses the policy covers, those that need add-ons, and those it excludes.

Ramping up domestic LPG production to ensure supply: Sitharaman

Ramping up domestic LPG production to ensure supply: Sitharaman

Rediff.com17 Mar 2026

Finance Minister Nirmala Sitharaman announces increased domestic LPG production to offset import disruptions caused by Middle East tensions, alongside assurances of fertiliser availability and the clearing of UPA-era oil bonds.

Budget 2026: 'Increased Industrialisation Will Lead To More Jobs'

Budget 2026: 'Increased Industrialisation Will Lead To More Jobs'

Rediff.com28 Jan 2026

'The trade deficit in some sectors is huge and that is an area of opportunity to localise.'

Will Iran Be Browbeaten By Trump's Threats?

Will Iran Be Browbeaten By Trump's Threats?

Rediff.com7 Apr 2026

Far from it; the country's resistance to the US, its nuclear ambitions, and its pursuit of influence and proxies across the Middle East are driven by a constant search for independence and security. Thus, Iran will never capitulate. Trump will learn this home truth ultimately, and it is going to be a humbling personal experience that may even destroy his presidency, predicts Ambassador M K Bhadrakumar.

Sensex jumps 938 pts, Nifty settles above 23,400 on bargain buying

Sensex jumps 938 pts, Nifty settles above 23,400 on bargain buying

Rediff.com16 Mar 2026

Indian stock market benchmarks Sensex and Nifty rebounded by over 1% on Monday, driven by value-buying in banking stocks after a three-day slump. Key gainers included UltraTech Cement, HDFC Bank, and Mahindra & Mahindra.

40,000+ Government Posts Vacant in Jammu and Kashmir: What's Being Done?

40,000+ Government Posts Vacant in Jammu and Kashmir: What's Being Done?

Rediff.com10 Mar 2026

The Jammu and Kashmir government is working to fill over 40,000 vacant posts across various departments, with a focus on health, education, and general administration.

Court Accepts Closure Report in MSCB Scam Case

Court Accepts Closure Report in MSCB Scam Case

Rediff.com27 Feb 2026

A Mumbai court has accepted the closure report submitted by the Economic Offences Wing (EOW) in the Maharashtra State Cooperative Bank (MSCB) scam case, giving a clean chit to Ajit Pawar and other accused.

Budget hollow, directionless; ignoring people's hardships: Opposition

Budget hollow, directionless; ignoring people's hardships: Opposition

Rediff.com1 Feb 2026

The Congress party has strongly criticized the Union Budget, calling it 'lacklustre' and 'disappointing,' claiming it fails to address the needs of farmers, unemployed youth, and other key sectors.

Cyber Fraud Ring Busted: 11 Arrested in Delhi, Mumbai Operation

Cyber Fraud Ring Busted: 11 Arrested in Delhi, Mumbai Operation

Rediff.com24 Mar 2026

Delhi Police have arrested 11 individuals involved in a cyber fraud racket operating from Delhi and Mumbai, which allegedly defrauded a senior citizen of over Rs 22 lakh with promises of high investment returns. The network is linked to international operators in Cambodia.

Stock Market Today March 24, 2026: Sensex, Nifty50 Surge on US-Iran Relief

Stock Market Today March 24, 2026: Sensex, Nifty50 Surge on US-Iran Relief

Rediff.com24 Mar 2026

Indian markets on Dalal Street rallied sharply as easing tensions in the US-Iran conflict and stable oil prices boosted sentiment. Track Nifty 50 and BSE Sensex performance and key global triggers.

Bengaluru EV Dealers Arrested for Subsidy Scam

Bengaluru EV Dealers Arrested for Subsidy Scam

Rediff.com14 Mar 2026

Two men in Bengaluru have been arrested for allegedly defrauding people by offering electric vehicles at subsidised rates under a fake central government scheme.

India's Young Women Face Employment Gap

India's Young Women Face Employment Gap

Rediff.com10 Mar 2026

'India cannot speak of a demographic dividend if half its young women are unable to participate in paid work.'