News for 'Accountability Review Board'

Twitter employee deactivates Trump's account

Twitter employee deactivates Trump's account

Rediff.com3 Nov 2017

Twitter initially said the account had been "inadvertently deactivated due to human error", but later indicated it was done intentionally by a departing worker.

'Jobs Have To Be Created Everywhere'

'Jobs Have To Be Created Everywhere'

Rediff.com25 Jul 2024

'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'

Ayodhya verdict: Jamiat files review plea

Ayodhya verdict: Jamiat files review plea

Rediff.com2 Dec 2019

The litigant, in review plea filed through lawyer Ejaz Maqbool, has also sought an interim stay on operation of the verdict in which it had directed the Centre that a trust be formed within three months for construction of the temple at the site.

IPL 2024 Schedule: Holders CSK to take on RCB in opener on March 22

IPL 2024 Schedule: Holders CSK to take on RCB in opener on March 22

Rediff.com22 Feb 2024

Defending champions Chennai Super Kings will take on Royal Challengers Bangalore in the 2024 IPL season-opener in Chennai on March 22, the BCCI announced on Thursday while unveiling the schedule for only the first 17 days of the popular T20 league.

Can Your Bank Avoid Cyber Attacks?

Can Your Bank Avoid Cyber Attacks?

Rediff.com1 Dec 2023

The Union finance ministry will meet CEOs of public sector banks to discuss issues related to cybersecurity in the wake of the Rs 820 crore (Rs 8.2 billion) fraud that hit Kolkata-based UCO Bank last month.

Smallcaps Poised For Largest 5-Month Gain

Smallcaps Poised For Largest 5-Month Gain

Rediff.com30 Apr 2024

Market players attribute the rally in small and midcaps to flows from retail investors and domestic institutions.

NEET row: NTA DG shunted out; Centre orders CBI probe

NEET row: NTA DG shunted out; Centre orders CBI probe

Rediff.com23 Jun 2024

The Centre on Saturday night announced that the probe into alleged irregularities in the medical entrance exam NEET will be handed over to the CBI for a comprehensive investigation.

IIM amendment bill proposing powers to Prez triggers autonomy debate

IIM amendment bill proposing powers to Prez triggers autonomy debate

Rediff.com30 Jul 2023

The bill to amend the IIM Act of 2017 was introduced in the Lok Sabha last Friday amid disruptions by opposition members over the Manipur violence issue.

Why KYC Is Important

Why KYC Is Important

Rediff.com5 Mar 2024

'Clients deemed higher-risk are required to update their KYC more frequently.'

Coffee Day Enterprise appoints EY to scrutnise books of accounts

Coffee Day Enterprise appoints EY to scrutnise books of accounts

Rediff.com8 Aug 2019

The auditor will also investigate into the circumstance under which Coffee Day Enterprises late founder V G Siddhartha had written the purported letter dated July 27, 2019, alleging harassment by the Income Tax department.

Rajan says India's current account deficit comfortable

Rajan says India's current account deficit comfortable

Rediff.com11 Dec 2014

Rajan said an interest rate cut won't by itself lead to higher economic growth

US State Department releases Hillary's Benghazi emails

US State Department releases Hillary's Benghazi emails

Rediff.com22 May 2015

The US State Department on Friday released a part of emails by former secretary of state Hillary Clinton related to a 2012 terrorist attack on the US consulate in Libya's Benghazi.

Market regulator Sebi lens on MF free float ownership in smallcaps

Market regulator Sebi lens on MF free float ownership in smallcaps

Rediff.com7 Mar 2024

The Securities and Exchange Board of India (Sebi) has asked fund houses operating smallcap funds with a large corpus to share data on their holdings in the total free float of smallcap stocks, according to sources. This is part of the stress tests that the regulator wants fund houses to undertake amid a surge in inflows into smallcap schemes and growing concerns about valuations. Free float refers to the quantum of freely available shares for trading on the stock market.

Strange case of why the handloom board was abolished

Strange case of why the handloom board was abolished

Rediff.com22 Aug 2020

When Nitin Gadkari was president of the Bharatiya Janata Party, the party had announced it would set up a separate ministry for handlooms and handicraft. Instead of doing that, the BJP government has abolished the only institution that took into account the voice of the weavers.

MCC Committee recommends at least 3-match Test series

MCC Committee recommends at least 3-match Test series

Rediff.com9 Feb 2024

A minimum of three-match Test series and the home team footing the bill of the visiting side in a bilateral contest are some of the recommendations made by the MCC's World Cricket Committee.

Paytm Crisis: StartUp Founders Take Note

Paytm Crisis: StartUp Founders Take Note

Rediff.com22 Feb 2024

Startup founders need to sit up and think about how not to take stardom for granted and how not to disappoint their fans who have stood in long queues for those precious selfies with popular entrepreneurs, notes Nivedita Mookerji.

'Insurance companies will make a killing'

'Insurance companies will make a killing'

Rediff.com24 Apr 2024

'I can feel the master's pain, because he must be sitting there and cursing and saying, 'Why was I born?''

HAL: Non performance, nil accountability

HAL: Non performance, nil accountability

Rediff.com4 Feb 2019

facilities at Bangalore one understands the financial year end frenzy at these establishments and the slipshod slippages in timeframes, quality of overhaul, servicing and quality control across the board, for aircraft and equipment alike,' says Group Captain Murli Menon (retd).

RBI to pay Rs 30,307 crore dividend to govt for FY22

RBI to pay Rs 30,307 crore dividend to govt for FY22

Rediff.com20 May 2022

Reserve Bank of India (RBI) on Friday said its board has approved a dividend payment of Rs 30,307 crore to the government for the financial ended March 2022. The board approved the transfer of Rs 30,307 crore as surplus to the central government for the accounting year 2021-22 while deciding to maintain the Contingency Risk Buffer at 5.50 per cent, RBI said in a statement. The decision on the dividend payment was made in the 596th meeting of the Central Board of Directors of RBI, headed by Governor Shaktikanta Das, held on Friday.

CAG flags anomalies in accounts of units under IT, telecom ministries

CAG flags anomalies in accounts of units under IT, telecom ministries

Rediff.com29 Nov 2021

The Comptroller and Auditor General of India on Monday reported multiple irregularities in the accounts of units under the IT and telecom ministries, including purchases of hardware and software worth Rs 890 crore by NICSI in contravention of rules. In its audit report for financial years 2017-18 and 2018-19, the Comptroller and Auditor General (CAG) has flagged anomalies in the decision taken by state-run telecom firm BSNL, C-DoT, the Department of Posts, ITI Limited and CDAC that had adverse financial implications. "NICSI procured hardware and software costing Rs 890.34 crore through the 'Strategic Alliance' route in contravention of General Financial Rules, 2005 and departmental instructions and thus failed to ensure transparency and competitiveness in the procurement process," according to the CAG report tabled in Lok Sabha on Monday.

Quarterly review for banks likely

Quarterly review for banks likely

Rediff.com27 May 2003

'Tax buoyancy can't continue year after year'

'Tax buoyancy can't continue year after year'

Rediff.com16 Feb 2024

'The revenue projection arises out of all sectors doing well and the formalisation of the economy helps in making sure the tax domain gets widened.'

Xi, Putin hint at political settlement to end Ukraine war

Xi, Putin hint at political settlement to end Ukraine war

Rediff.com16 May 2024

"The two sides note that the relationship between Russia and China has progressed to a more advanced interstate cooperation compared to the military-political unions of the Cold War era as it is not bloc or confrontational in nature, nor does it target any third countries," Russia's new agency Tass quoted the document as saying.

As RBI battles inflation, all eyes are on possible rate cut in 2024

As RBI battles inflation, all eyes are on possible rate cut in 2024

Rediff.com28 Dec 2023

For five consecutive policy reviews in 2023, the Reserve Bank of India (RBI) chose to hold rates, citing inflation threat. And when the prices did cool off a bit, it reminded all about the target to get the headline consumer price inflation at 4 per cent and the risks from food inflation. Heading into the new year, all eyes are on when RBI will cut the rates, especially after one of the Monetary Policy Committee (MPC) members stressed on the need for such an action in the face of the US Federal Reserve's guidance for easing rates.

Inoperative PF accounts to earn interest from April 1

Inoperative PF accounts to earn interest from April 1

Rediff.com29 Mar 2016

The decision will benefit over nine crore such account holders having total deposit of around Rs 32,000 crore.

Chidambaram's parting sweep puts tax boards in a fix

Chidambaram's parting sweep puts tax boards in a fix

Rediff.com19 May 2014

A decision by P Chidambaram in his last days as finance minister has annoyed the revenue department.

Review petition in SC against its Aadhaar verdict

Review petition in SC against its Aadhaar verdict

Rediff.com24 Dec 2018

Senior advocate Indira Jaising said the review petition has been filed against the September 26 verdict of the five-judge constitution bench which had said there was nothing in the Aadhaar Act that violated right to privacy of an individual.

Jalan panel for review of economic capital framework in every 5 years

Jalan panel for review of economic capital framework in every 5 years

Rediff.com27 Aug 2019

It also recommended that the RBI accounting year (July-June) may be brought in sync with the fiscal year (April to March) from the financial year 2020-21 as it could reduce the need for interim dividend being paid by the central bank.

Pakistan opener Shehzad charged over positive test

Pakistan opener Shehzad charged over positive test

Rediff.com10 Jul 2018

Pakistan batsman Ahmed Shehzad tested positive for a banned substance and will be charged later on Tuesday, the Pakistan Cricket Board said.

Health check for healers: The big audit firms are under the NFRA lens

Health check for healers: The big audit firms are under the NFRA lens

Rediff.com17 Jan 2024

In recent times, more and more audit firms have challenged company managements, some going to the extent of resigning on the ground of incompatibility with what the management wanted or was doing. This, said Ajay Bhushan Pandey, chairman of the National Financial Regulatory Authority (NFRA), in a media interview, was a good sign. Now, the national accounting watchdog has turned the spotlight on audit firms themselves.

BCCI needs to be accountable and transparent: Sports Minister

BCCI needs to be accountable and transparent: Sports Minister

Rediff.com4 Aug 2015

Sports Minister Sarbananda Sonowal has said that like any other sports federation of the country, the Indian Cricket Board (BCCI) also need to be made accountable and transparent in its functioning as according to the Apex Court of India it is a "public body".

IPL PIX: Gujarat Titans script thrilling comeback win over Mumbai Indians

IPL PIX: Gujarat Titans script thrilling comeback win over Mumbai Indians

Rediff.com25 Mar 2024

IMAGES from the IPL match played between Gujarat Titans and Mumbai Indians in Ahmedabad on Sunday.

Looking For A Broker? Read This!

Looking For A Broker? Read This!

Rediff.com1 Nov 2023

'The stockbroker should have a good balance sheet to support its scale of operations. It should also have proper risk management in terms of margins so that it doesn't go bankrupt during extreme market movements.' 'The broker must have a track record of navigating several market cycles in an ethical and transparent manner.'

PSU banks account for over 90% of total bad loans in FY'14

PSU banks account for over 90% of total bad loans in FY'14

Rediff.com26 Nov 2014

Gross NPAs of public and private sector banks stood at Rs 2.41 lakh crore and 26,571 crore respectively.

Will Padmavati release on date? Censor Board returns film to makers

Will Padmavati release on date? Censor Board returns film to makers

Rediff.com18 Nov 2017

The application for certification was incomplete, says a source in the CBFC.

Do top execs of PSBs need a pay overhaul?

Do top execs of PSBs need a pay overhaul?

Rediff.com4 Jul 2023

In FY23, the State Bank of India (SBI) reported a 57.4 per cent jump in its net profit to Rs 55,684.17 crore. But the chairman of the country's largest bank, Dinesh Khara's annual pay for this creditable performance was just Rs 37 lakh (his peers at state-run banks are no better off). Look at his private bank rivals - most pocketed in excess of Rs 7 crore annually - plus stock options.

Why Sebi wants empowered board in listed companies

Why Sebi wants empowered board in listed companies

Rediff.com25 Feb 2014

Recently, Sebi has revised the Code of Corporate Governance for listed companies significantly. Most revisions are in sync with the provisions in the Companies Act 2013, though some norms are stricter than those in the Companies Act 2013.

Regulatory relook: Move to push firms away from in-house RTAs on the cards

Regulatory relook: Move to push firms away from in-house RTAs on the cards

Rediff.com3 Oct 2023

The Securities and Exchange Board of India (Sebi) plans to roll out a new regulatory framework for registrar and transfer agents (RTAs) - the market intermediaries responsible for the record-keeping of bondholders and shareholders after a company offers securities to the public. The markets regulator, sources said, is considering a multifold increase in net-worth requirement, a move that may dissuade companies from having in-house RTAs for record-keeping. At present, the minimum net worth required for RTAs is Rs 50 lakh and Rs 25 lakh in categories I and II, respectively.

Why Modi compared RBI ex-governor Urjit Patel to a snake

Why Modi compared RBI ex-governor Urjit Patel to a snake

Rediff.com27 Sep 2023

Under Urjit Patel, the then RBI Governor, the central bank had a habit of making complete about-turns on various issues, including electoral bonds and digital payments, former finance secretary Subash Chandra Garg said in his book titled 'We Also Make Policy: An Insider's Account of How the Finance Ministry Functions.' Citing some instances of about-turns by the then RBI Governor Patel, Garg in his book said, RBI had done so on the electoral bond issue and it had so in case of setting up of Payments Regulatory Board (PRB). RBI also made unilateral decisions like ordering complete data localization for participation in the payment system, Garg wrote in the book which will hit the stands on October 1.