News for 'Account Based Money Transfer'

Patanjali acquires bankrupt Ruchi Soya for Rs 4,350 crore

Patanjali acquires bankrupt Ruchi Soya for Rs 4,350 crore

Rediff.com18 Dec 2019

Yoga guru Baba Ramdev's Patanjali Ayurved on Wednesday made its first big acquisition when it paid Rs 4,350 crore to take over soya food brand Nutrela-maker Ruchi Soya through an insolvency process. The acquisition will help Patanjali acquire edible oil plants as also soyabean oil brands such as Mahakosh and Ruchi Gold.

4 smart ways to save big when shopping online

4 smart ways to save big when shopping online

Rediff.com5 Oct 2017

Websites that compare product prices and offer cashback can help you get attractive deals and discounts.

Selling property? Expect a letter from the I-T dept

Selling property? Expect a letter from the I-T dept

Rediff.com13 Dec 2016

The government can seek details from sellers such as sources of funds while buying.

Does pan-India launch of Rythu Bandhu scheme make sense?

Does pan-India launch of Rythu Bandhu scheme make sense?

Rediff.com4 Jan 2019

Telangana govt currently provides the state's 5.83 million farmers an income support of Rs 4,000 per acre per season, irrespective of the size of their land holding

Why governments fail in delivering what they promise

Why governments fail in delivering what they promise

Rediff.com4 Sep 2015

Poor predictability, credibility and effectiveness of fiscal performance have been key reasons for successive governments failing to deliver on their promises.

Mirach calls off Sahara loan deal, returns fees

Mirach calls off Sahara loan deal, returns fees

Rediff.com11 Feb 2015

Mirach said it has remitted $2.625 million to the Sebi-Sahara Fund.

Govt may link food subsidy with Aadhaar

Govt may link food subsidy with Aadhaar

Rediff.com29 Jul 2014

In other welfare schemes, such as those for cooking gas, pension and scholarships, which are linked to DBT, cash is transferred directly into the bank accounts of beneficiaries.

Bharat Biotech starts Covaxin's at-risk manufacture

Bharat Biotech starts Covaxin's at-risk manufacture

Rediff.com2 Nov 2020

The first vaccine candidate will be an intra-muscular one, followed by intra-dermal and nasal ones, depending on test results.

Should you shift to NPS from EPF?

Should you shift to NPS from EPF?

Rediff.com28 Mar 2017

Now that the National Pension Scheme offers more choices than the Employees Provident Fund, is more transparent and also allows to choose the level of allocation to equities as investors like, should one switch to the NPS?

Higher tax share for states in Budget

Higher tax share for states in Budget

Rediff.com8 Feb 2015

Prime Minister Narendra Modi's idea of cooperative federalism is expected to be on display in the 2015-16 Budget.

How can economy tackle the second wave?

How can economy tackle the second wave?

Rediff.com17 May 2021

'Aggressively stepping up vaccinations will constitute the most enduring stimulus of all in the coming quarters,' observes Sajjid Z Chinoy, Chief India Economist at J P Morgan.

Vodafone case: Govt not to challenge HC order

Vodafone case: Govt not to challenge HC order

Rediff.com28 Jan 2015

Wooing overseas investors, government on Wednesday decided against challenging the Bombay High Court decision favouring Vodafone in the Rs 3,200 crore (Rs 32 billion) tax case and adopt a similar approach in transfer pricing litigations involving other MNCs like Shell.

Why India needs a Data Protection Law

Why India needs a Data Protection Law

Rediff.com26 Nov 2018

'It's looking odds-on there won't be a data protection law before this edition of the Lok Sabha is dissolved.' 'This limbo has enabled all sorts of businesses that would be illegal in countries that do have data protection laws,' notes Devangshu Datta.

Sitharaman's 4-pronged attack on tax leakages

Sitharaman's 4-pronged attack on tax leakages

Rediff.com15 Jul 2019

In this Budget, too, there were a number of measures aimed at plugging tax leakages and ensuring greater compliance, says Sanjay Kumar Singh.

The secret behind FY17 divestment bonanza

The secret behind FY17 divestment bonanza

Rediff.com15 Feb 2017

Using buyback as a divestment tool is not new, the amount raised this year is phenomenally high.

Why Indian banks have failed miserably

Why Indian banks have failed miserably

Rediff.com30 May 2016

The size of the hole in today's banking crisis appears to be roughly 10 per cent of GDP.

Good economics is good politics? How 6 states spend cash

Good economics is good politics? How 6 states spend cash

Rediff.com21 Mar 2016

Ishan Bakshi studies the Budgets of six states, their expenditure priorities and outlays to understand the trend.

Budget: IT exemption limit may be raised to Rs 5 lakh

Budget: IT exemption limit may be raised to Rs 5 lakh

Rediff.com7 Jun 2019

'We have promised to ensure reduced tax rates.'

South Indian Coop Bank assets frozen

South Indian Coop Bank assets frozen

Rediff.com9 Aug 2004

City-based the South Indian Co-operative Bank Ltd saw a run on its deposits on fears of the bank being saddled with huge non-performing assets.

Moody's breaks 13-year jinx, upgrades India to 'Baa2'

Moody's breaks 13-year jinx, upgrades India to 'Baa2'

Rediff.com17 Nov 2017

The global ratings agency, however, cautioned that high debt burden remains a constraint on the country's credit profile.

Air travel will cost more in India. Here's why

Air travel will cost more in India. Here's why

Rediff.com21 Jan 2020

A loss of revenue from liquor sales will have to be compensated through increased landing and parking charges on airlines, which, in turn, will pass on the cost to flyers.

Hemmed in, UBS shuts P-note biz

Hemmed in, UBS shuts P-note biz

Rediff.com24 Jan 2017

Swiss brokerage UBS joins European banking peer HSBC in shutting down its offshore derivative business

Padding up for GST

Padding up for GST

Rediff.com25 Jul 2017

Businesses that are engaged in both taxable and non-GST supply have re-structured themselves into separate entities to avoid elaborate compliance, says Sudipto Dey.

New Data Bill may hit tech businesses hard

New Data Bill may hit tech businesses hard

Rediff.com19 Dec 2019

'If Indians are to be truly protected, Parliament must review and address these dangerous provisions before they become law.'

Economic breakthrough? 15 questions and a plea

Economic breakthrough? 15 questions and a plea

Rediff.com17 Jun 2016

Over 15 years, with seven per cent growth, the Indian economy will be three times bigger.

Banking services must reach every Indian: Rajan

Banking services must reach every Indian: Rajan

Rediff.com18 Jul 2016

The country has come a long way in the process of financial inclusion, Raghuram Rajan said, but "still has a way to go".

Why FIIs want short-term capital gains to be scrapped

Why FIIs want short-term capital gains to be scrapped

Rediff.com29 Nov 2016

FIIs fear short-term capital gains would give rise to tax uncertainty and make their operations difficult, reports Pavan Burugula from Mumbai.

4 things that could change India in 2016

4 things that could change India in 2016

Rediff.com8 Jan 2016

More people will be literate, on the Internet, linked to the national identification scheme and likely to receive electricity, especially from alternative-energy sources.

Gold monetisation not viable for investors in the yellow metal

Gold monetisation not viable for investors in the yellow metal

Rediff.com21 Jun 2015

Conversion into jewellery during redemption would entail 15-20% wastage and making charges, rendering the scheme inefficient

CBI ends 3-day recording of Teesta, husband's statement

CBI ends 3-day recording of Teesta, husband's statement

Rediff.com20 Jul 2015

Activist Teesta Setalvad on Monday recorded her statement before the CBI in connection with a case against her firm for alleged violation of FCRA.

US blacklists Huawei, places it on entity list

US blacklists Huawei, places it on entity list

Rediff.com16 May 2019

The Department of Commerce alleged that Huawei was engaged in activities that are contrary to US national security or foreign policy interest.

Sale: 'Challenge is Air India's huge size'

Sale: 'Challenge is Air India's huge size'

Rediff.com31 Jan 2020

It's too big to digest as one whole airline.'

Day 9: Aaj ki Taaza Khabar

Day 9: Aaj ki Taaza Khabar

Rediff.com17 Nov 2016

I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.

Truth behind SRK's business ventures

Truth behind SRK's business ventures

Rediff.com14 Dec 2015

To unravel Khan's overseas business, one has to rewind to 10 years ago when Londoner Richard James Moore floated a real estate company called Winford Estates in Surrey.

Promising future awaits India, says President

Promising future awaits India, says President

Rediff.com23 Feb 2015

The government is determined to stop generation of black money, he said.

Voda's payments bank becomes first to shut shop

Voda's payments bank becomes first to shut shop

Rediff.com22 Jul 2019

Vodafone Idea, the promoter of Aditya Bira Idea Payments Bank, said in a notification to the exchanges late on Friday that the board of the bank approved winding up the business, subject to approval from the Reserve Bank of India.

What PM told the nation: 'Secrecy was essential for this action'

What PM told the nation: 'Secrecy was essential for this action'

Rediff.com9 Nov 2016

Here's the full text of Prime Minister Narendra Modi's address to the nation where he announced the demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight on November 8-9.

RBI is 80! Milestones of an illustrious journey

RBI is 80! Milestones of an illustrious journey

Rediff.com2 Apr 2015

With a sole mandate of inflation targeting, RBI wears many hats.

A 3-pronged battle to grab 244 mn telecom subscribers

A 3-pronged battle to grab 244 mn telecom subscribers

Rediff.com15 Nov 2017

Bulk of these customers use 2G phones and are still focused on voice services and might prove useful for both Bharti Airtel and the Idea-Vodafone combine.

Is FMCG growth story tapering?

Is FMCG growth story tapering?

Rediff.com25 Jan 2016

FMCG has been behaving unlike a defensive category in recent quarters.