Foreign portfolio investors (FPIs) are likely to seek from the finance ministry a six-month extension of the date for complying with the amendments to the Prevention of Money-Laundering Act (PMLA), citing implementation challenges. Sources said FPIs, through their custodians, were planning to approach the ministry, highlighting key concerns and seeking more clarification. The ministry, through a notification on March 7, lowered the threshold for reporting ultimate beneficial ownership (UBO) for non-profit organisations and politically exposed persons to 10 per cent from 25 per cent.
'Goodbye dearest Anil. An elegant mind, a stylish writer, and a loyal friend. You will be missed by all those whose lives you touched. RIP.'
'I am happy to be on the advisory committee of the Fit India movement envisaged by our Honourable PM. Hoping to lend my support in finding fun, easy ways to make every Indian fit and making this movement/vision a success,' Shilpa Shetty wrote on Twitter.
Five influential American lawmakers have introduced a resolution in the House of Representatives calling on the US Postal Service to issue a postal stamp to commemorate the festival of Diwali.
EPFO's advisory body FIC on Thursday shortlisted five entities --ICICI Securities, Reliance Capital, HSBC Asset Management Company, SBI and ICICI Prudential -- for managing its corpus of Rs 3.5 lakh crore (Rs 3.5 trillion).
Secretary of the Indian cricket board, Anurag Thakur, on Saturday, sought to play down health issues of the Board of Control for Cricket in India president Jagmohan Dalmiya, stating that rumours of a communication gap between the duo is a figment of imagination.
In an advisory, DGCA said there are provisions under the civil aviation requirement for action to be taken by the airline to deal with unruly passengers.
The Sri Lankan government has appointed an advisory committee comprising eminent economic and fiscal experts to provide guidance on addressing the current debt crisis and engaging with the International Monetary Fund (IMF) and other lenders as the country struggles to combat the unprecedented shortage of foreign reserves.
In a video message, Parrikar, 62, appealed people to continue praying for his health.
The Board of Control for Cricket in India's cricket advisory committee comprising Sourav Ganguly, V V S Laxman and Sachin Tendulkar will conduct the interview of the shortlisted 21 candidates.
The Financial Inclusion Advisory Committee under RBI Deputy Governor K C Chakrabarty is expected to suggest appropriate regulatory framework to ensure that financial inclusion and financial stability move in tandem, the RBI said in a statement.
Nine advisory committees to suggest sector-wise solutions.
Before leaving for Mumbai on Tuesday, Parrikar held a series of meetings, including one with senior state ministers.
The former Australia wicketkeeper joins former England coach Trevor Bayliss, who was appointed Sunrisers head coach last month.
The two Tests will be played from February 3 to 7 and February 11 to 15 in Chittagong and Dhaka respectively.
Raising the threshold as recommended by the Migration Advisory Committee will make thousands of Indian and non-EU professionals working here ineligible for permanent settlement, which is called the Indefinite Leave to Remain.
In a breather to the troubled edtech company, the steering committee of lenders has agreed to amend a $1.2 billion term loan with Byju's by August 3, 2023, the lenders announced on Monday. Successful execution of the amendment would "immediately" solve the loan's acceleration and end all open litigation while avoiding further enforcement actions, they in a statement. An e-mail sent to Byju's did not elicit a response.
The S A Dave-headed mutual fund advisory committee has recommended to the Securities and Exchange Board of India that mutual fund investors pay the commission to distributors directly. Accordingly, mutual fund investors will have to give separate cheques to distributors as commission if Sebi approves this recommendation.
State higher education minister R Bindhu has directed a three-member team, comprising the principal secretary of higher education, and Cochin University's vice-chancellor and registrar, to inquire into the stampede incident, an official release said.
Powar had replaced WV Raman, who had guided the team into the T20 World Cup final in 2020.
The economy may grow by around 7 per cent this financial year as estimated by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), say economists with various organisations. The first advance estimates for 2023-24 will be released on Friday by the National Statistical Organisation (NSO), an exercise done for calculating ratios such as the fiscal deficit. The interim Budget will be presented on February 1.
'A delay of two years has happened, but stretching it to 2024 is a bit too far.' 'And we do not know about 2024 also.'
India's climate change goals are turning combustible. On the one hand, a protracted dispute between the government and manufacturers over subsidies threatens to slow the pace of electric vehicle (EV) sales. On the other hand, repeated assertions by different arms of the government over banning sales of new fossil fuel-fired vehicles have queered the pitch for energy investments. Before we address the issue of the recommended diesel vehicle ban in the recent report on energy transition, issued months before the next round of global climate talks begin in Dubai in November, let's look at what's at stake.
The Bharatiya Janata Party (BJP) clinched 23 out of 27 Scheduled Tribe seats in Gujarat as the Aam Aadmi Party (AAP), the new entrant in the state's politics, swept aside the Congress to find a footing in the state's tribal belt.
Several top cricketers are expected to attend the meeting in the presence of at least one Committee of Administrators (CoA) member. They are expected to deliberate on the issue at length.
Both houses of Parliament were adjourned for the day on Friday after an uproar over the violence in Manipur.
Chief Justice of India (CJI) D Y Chandrachud's first 100 days in office saw the Supreme Court take a giant leap towards reforms, especially making courts more technology-friendly, and ensuring relatively fast judicial appointments including those of eight judges to the apex court.
The governor's approval came a day after the AAP government informed him about the issues to be taken up during the session.
The Reserve Bank of India (RBI) on Wednesday announced an extension of interim ways and means advances (WMAs) limit of Rs 51,560 crore to state governments till September, to help them tide over the financial stress posed by the second wave of COVID-19. WMAs are temporary advances given by the RBI to the states to tide over any mismatch in receipts and payments. There are two types of WMA - normal and special. While normal WMA are clean advances, special WMA are secured advances provided against the pledge of the government of India dated securities.
The Congress will reach out to civil society members and like-minded political groups for the 'Bharat Jodo' yatra from October 2 for rallying support to combat polarisation and protect Constitution, democracy and various institutions, senior party leaders said on Thursday.
Prasad's departure means the Ganguly-led BCCI has gone by the old constitution that has a provision of a maximum of four-year term for the selection committee. The amended constitution had a maximum five-year term.
Bowing to pressure from lawmakers and aviation industry, a federal agency responsible for the security of airports in United States has announced to shelve its plan to allow small knives inside a plane.
Former Supreme Court judge D K Jain will continue as BCCI's ethics officer and ombudsman after getting a one-year extension. Jain was appointed by the Supreme Court in February 2019 as BCCI's first ever ombudsman. He was later given the additional role of ethics officer.
Omicron very different from Delta, Beta COVID variants, says South African doctor Angelique Coetzee.
Bharatiya Janata Party leaders are getting more and more restless over Bihar Chief Minister Nitish Kumar's bonhomie with the Congress regarding the special category status to his state.
India's teen batting sensation Shafali Verma is set to play for Birmingham Phoenix in the inaugural edition of The Hundred and might also turn up for a Sydney franchise in the Women's Big bash League later in the year.
First Rajya Sabha approved the Rs 45 lakh-crore spending proposed in the Budget, followed by the nod to the Finance Bill that contains tax proposals.
BCCI Ombudsman Justice (Retd) D K Jain sought written submissions from Sourav Ganguly and the three complainants in the alleged Conflict of Interest case against the the former India captain.
Mizoram's director general of police Anil Shukla held a high-level meeting on Sunday to assess the security arrangements, a statement said.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances