News for 'Accounts Department'

Above-normal monsoon likely to ease food prices: FinMin

Above-normal monsoon likely to ease food prices: FinMin

Rediff.com26 Apr 2024

With the prediction of an above normal monsoon in 2024, the government is expecting food prices to come down, the finance ministry's monthly economic report for March has said. The report, released on Thursday, said robust foreign inflows and comfortable trade deficits were expected to keep the rupee within a comfortable range. "Further easing of food prices is on the anvil as IMD (India Meteorological Department) has predicted above-normal rainfall during the monsoon season, which is likely to lead to higher production, assuming good spatial and temporal distribution of the rainfall," the monthly report, released by the Department of Economic Affairs, said.

Quick decision-making needed for combat-readiness: Rajnath

Quick decision-making needed for combat-readiness: Rajnath

Rediff.com14 Nov 2022

Defence Minister Rajnath Singh on Monday said swift and transparent decision-making and availability of optimal resources were needed for a country's combat readiness.

Another Hindu temple 'attacked' with anti-India graffiti in US

Another Hindu temple 'attacked' with anti-India graffiti in US

Rediff.com5 Jan 2024

The Hindu American Foundation has reported that Sherawali Temple in Hayward, California was defaced with pro-Khalistani graffiti.

India taking it seriously: US on 'assassination plot'

India taking it seriously: US on 'assassination plot'

Rediff.com30 Apr 2024

India is taking the allegations regarding the assassination plot of Sikh separatist leader Gurpatwant Singh Pannun in the United States seriously, the White House has said but refrained from commenting on the Federal Bureau of Investigation (FBI) probe into the matter and the criminal case filed by the Department of Justice.

Sabalenka devastated by ex-boyfriend's apparent suicide

Sabalenka devastated by ex-boyfriend's apparent suicide

Rediff.com21 Mar 2024

Koltsov's death sent a shockwave through the Miami Open where Sabalenka is scheduled to play her opening match

Kuwait fire: Indian mission swings into action

Kuwait fire: Indian mission swings into action

Rediff.com13 Jun 2024

India's mission in Kuwait is ascertaining the full details from the concerned Kuwaiti authorities on the tragic fire incident in a building in the southern city of Mangaf which killed 49 foreign workers, including around 40 Indians, and injured 50 others, even as officials started an investigation into one of the worst fires in the Gulf nation.

AI Express sacks 25 crew members, 85 flights cancelled

AI Express sacks 25 crew members, 85 flights cancelled

Rediff.com9 May 2024

Air India Express on Thursday cancelled 85 flights or around 23 per cent of the total daily capacity as the disruptions due to the cabin crew shortage continue and said Air India will operate services on 20 of its routes to minimise inconvenience to passengers.

Atishi Marlena In Delhi's Hot Seat

Atishi Marlena In Delhi's Hot Seat

Rediff.com18 Sep 2024

The Delhi battlefield may not be a cakewalk for the Rhodes Scholar.

How Front-Running Hurts MFs, Investors

How Front-Running Hurts MFs, Investors

Rediff.com26 Jun 2024

Cases of front-running mostly happen when large asset managers and intermediaries are involved in bulk trades as their transaction size is generally big enough to impact the stock price.

Protests Hit Retail Ahead of Durga Puja

Protests Hit Retail Ahead of Durga Puja

Rediff.com7 Sep 2024

West Bengal is home to 43,000 Durga Pujas, and the business around it is a major economic driver.

Severe heatwave likely in northwest, east in next 5 days: IMD

Severe heatwave likely in northwest, east in next 5 days: IMD

Rediff.com10 Jun 2024

The heat wave is likely to impact parts of Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Punjab, Haryana, Delhi, Rajasthan, Madhya Pradesh, Jharkhand, Odisha and Gangetic West Bengal, the Met office said.

'Pradhan Mantri Hafta Vasuli Yojana': Cong on electoral bonds

'Pradhan Mantri Hafta Vasuli Yojana': Cong on electoral bonds

Rediff.com18 Mar 2024

"Remember, the IT Department and the ED implement the Pradhan Mantri Hafta Vasuli Yojana. The State Bank of India implements the #ElectoralBondScam. And at the end of the day, all of these institutions report to the same person: the Finance Minister," Ramesh alleged.

Kerala bids farewell to 23 victims of Kuwait fire tragedy

Kerala bids farewell to 23 victims of Kuwait fire tragedy

Rediff.com14 Jun 2024

Kerala on Friday said a tearful goodbye to most of the 23 victims from the state who died in the Kuwait fire tragedy -- one of the biggest incidents to ever affect the state's expatriate community known for their dedication and hard work.

How Many Letters Does The Post Office Still Deliver?

How Many Letters Does The Post Office Still Deliver?

Rediff.com28 Aug 2023

Nearly two million postcards and eight million letters pass through India's post offices daily.

Unified MCD comes into existence, Gyanesh Bharti new commissioner

Unified MCD comes into existence, Gyanesh Bharti new commissioner

Rediff.com22 May 2022

With the special officer and the new commissioner taking charge, the exercise to reshuffle and reorganise the municipal staff will begin.

'Aim to reach 1 billion tonnes coal output by FY 2027'

'Aim to reach 1 billion tonnes coal output by FY 2027'

Rediff.com21 Jul 2024

'With the deployment of a higher degree of mechanisation, awarding contractual mining to MDOs and operational efficiency, we feel confident of achieving the desired target.'

70 lakh mobile numbers involved in financial frauds disconnected

70 lakh mobile numbers involved in financial frauds disconnected

Rediff.com28 Nov 2023

To check digital frauds, the government has disconnected 70 lakh mobile numbers so far involved in cybercrime or financial frauds, Financial Services Secretary Vivek Joshi said on Tuesday. Emerging from a meeting to discuss issues related to financial cyber security and increasing digital payment fraud, Joshi, who chaired the meeting, said banks have been asked to strengthen the system and processes in this regard. More such meetings would take place, he said, adding the next meeting is scheduled in January.

'Can We In Our Businesses Set An Example?'

'Can We In Our Businesses Set An Example?'

Rediff.com10 Oct 2024

'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'

IC 814: The Kandahar Hijack Review: Gripping!!

IC 814: The Kandahar Hijack Review: Gripping!!

Rediff.com29 Aug 2024

IC 814: The Kandahar Hijack begins by asking why the hijack lasted seven days and ends in wondering if the good guys fought the bad ones hard enough, observes Sukanya Verma.

Kuwait cracks down on illegal real estate after fire

Kuwait cracks down on illegal real estate after fire

Rediff.com15 Jun 2024

Authorities in Kuwait have launched a crackdown on illegal property extensions in the wake of a devastating fire at a seven-storey building that claimed the lives of 50 people, including 46 Indians, according to a media report on Saturday.

Rs 15 Trillion In Direct Taxes Comes Via Automatic Route

Rs 15 Trillion In Direct Taxes Comes Via Automatic Route

Rediff.com14 Feb 2024

96 per cent is being collected through TDS, advance tax, self-assessment tax, and other receipts.

Indian cities sizzle at 48 deg C, respite likely after 3 days

Indian cities sizzle at 48 deg C, respite likely after 3 days

Rediff.com28 May 2024

Temperatures in 17 locations breached 48 degrees Celsius on Monday, with the relentless heat affecting health and livelihoods across large parts of northwestern and central India.

PSU banks urged to review their gold loan portfolio

PSU banks urged to review their gold loan portfolio

Rediff.com13 Mar 2024

The finance ministry has directed all state-owned banks to review their gold loan portfolio as instances of non-compliance with regulatory norms have been noticed by the government. The Department of Financial Services (DFS) in a communication addressed to heads of public sector banks has asked them to look at their system and processes related to gold loan. "We have asked banks to undertake comprehensive review of the gold loan business," financial services secretary Vivek Joshi told PTI.

The Lives PSU Bankers Lead

The Lives PSU Bankers Lead

Rediff.com15 Jul 2024

A peek into the life of a public-sector banker who did well professionally, but paid a price for it, points out Tamal Bandyopadhyay.

Spice row: Govt plans greater scrutiny, SOPs

Spice row: Govt plans greater scrutiny, SOPs

Rediff.com13 May 2024

The government is formulating guidelines on the use of ethylene oxide (ETO) in samples of spices for the domestic market and exports, people aware of the matter said, as it plans to step up efforts to make quality checks more stringent. ETO, a flammable, colourless gas, is typically used as a disinfectant. It is also used as a sterilising agent and an insecticide to reduce microbial contamination in spices. However, its use is considered carcinogenic, beyond permissible limits.

TMB failed to file details of Rs 3,610 cr deals due to tech glitch

TMB failed to file details of Rs 3,610 cr deals due to tech glitch

Rediff.com3 Jul 2023

After the income tax department indicated that the Tamilnad Mercantile Bank (TMB) did not provide the complete details of transactions worth up to Rs 3,610 crore, sources told Business Standard that this was due to a technical glitch. The bank has now submitted all the required documents in the past few days. According to the Income Tax (I-T) department, TMB had not submitted a statement of financial transactions (SFT) pertaining to cash deposits of around Rs 2,700 crore involving more than 10,000 accounts.

India to get above-normal rainfall this monsoon, says IMD

India to get above-normal rainfall this monsoon, says IMD

Rediff.com15 Apr 2024

India is likely to see above-normal rainfall in the four-month monsoon season (June to September) with cumulative rainfall rainfall estimated at 106 percent of the long-period average (87 cm), he said.

Nitish govt headed for showdown with Guv over this issue

Nitish govt headed for showdown with Guv over this issue

Rediff.com19 Aug 2023

The Nitish Kumar government appeared to be heading for a showdown with Bihar Governor Rajendra Vishwanath Arlekar as the Raj Bhavan reversed an order of the state administration to freeze bank accounts of two officials of Babasaheb Bhimrao Ambedkar Bihar University in Muzaffarpur.

BJP's 'web of fear' broken: Rahul on bypoll gains

BJP's 'web of fear' broken: Rahul on bypoll gains

Rediff.com13 Jul 2024

Reacting to the results, Congress general secretary Priyanka Gandhi Vadra said that in the by-elections held on 13 seats in seven states, the people of the country have given their support to the INDIA bloc.

FDI Declines From Pandemic Highs

FDI Declines From Pandemic Highs

Rediff.com4 Apr 2024

Net inflows were $18.4 billion for the rolling 12-month period ended January 2024 compared to $32.7 billion for the rolling 12-month period ended January 2023.

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.

Retired Indian colonel working for UN killed in Rafah

Retired Indian colonel working for UN killed in Rafah

Rediff.com14 May 2024

A retired Indian colonel working with the United Nations was killed in Gaza when the vehicle he was travelling in came under attack in strife-torn Rafah, the 'first international' casualty for the world body since the start of the Israel-Hamas conflict.

'State Department reviewing if Clinton violated govt policies'

'State Department reviewing if Clinton violated govt policies'

Rediff.com6 Mar 2015

The US State Department is reviewing whether former Secretary of State Hillary Clinton violated any policies of the federal government while using her private emails for official use, a media report has said.

Tussle between Nitish govt, Bihar Guv over appointment of VCs escalates

Tussle between Nitish govt, Bihar Guv over appointment of VCs escalates

Rediff.com23 Aug 2023

The ongoing tussle between the Nitish Kumar government and the Raj Bhavan further escalated with the Bihar education department inviting applications for the post of vice-chancellors (VC) in different universities days after Governor (Chancellor) Rajendra Vishwanath Arlekar's secretariat issued a similar advertisement.

Heatwave continues in northwest, central India; relief after 2 days

Heatwave continues in northwest, central India; relief after 2 days

Rediff.com4 Jun 2024

Temperatures in 17 locations breached 45 degrees Celsius on Monday, with the punishing heat affecting health and livelihoods.

India takes first steps to meet 2070 net-zero goal, Niti Aayog forms panels

India takes first steps to meet 2070 net-zero goal, Niti Aayog forms panels

Rediff.com1 Jul 2024

Three years after India declared its goal to become a net-zero economy by 2070, the policy design for achieving the target has begun, with the NITI Aayog forming dedicated multi-sectoral committees to prepare a transition plan. In 2021, India joined a select group of nations that set a target year for becoming net-zero carbon economy. At COP26 in Glasgow, Prime Minister Narendra Modi outlined a five-pronged 'Panchamitra' climate action target for India and committed to a net-zero target by 2070, joining nations like the US, the UK, and China.

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.

Trump plans to attend Republican convention on Monday

Trump plans to attend Republican convention on Monday

Rediff.com14 Jul 2024

The convention is set to begin on Monday and Trump is scheduled to formally accept his party's nomination and deliver remarks on Thursday night, The Hill reported.

Modi must shut 20 ministries, 100 departments!

Modi must shut 20 ministries, 100 departments!

Rediff.com20 Jul 2020

'When the country is jobless, why should I pay through my nose to feed these people who want some perks in office?' 'Let them also join India's unemployed.' 'Let them also taste the bitter medicine of being jobless.'

Sandeep Sharma Dazzles The IPL!

Sandeep Sharma Dazzles The IPL!

Rediff.com23 Apr 2024

Returning from injury, Sandeep Sharma shone with the ball for hosts Rajasthan Royals.