News for 'Bank Guarantee'

Student Visa? How To Avoid Deportation

Student Visa? How To Avoid Deportation

Rediff.com7 Apr 2025

Dr Pananjay Tiwari, founder and director of Impel Overseas Education, highlights what international students should keep in mind in order to be safe in a new country and avoid being deported.

'Indian Stocks Unlikely To Give Significant Returns In 12 Months'

'Indian Stocks Unlikely To Give Significant Returns In 12 Months'

Rediff.com30 May 2025

'Right now, silver -- and especially platinum -- are very cheap compared to gold. If I were buying today, I would choose platinum.'

Securities market fraud: How to avoid being misled

Securities market fraud: How to avoid being misled

Rediff.com30 Apr 2025

The Securities and Exchange Board of India (Sebi), in a circular dated April 11, 2025, warned investors about rising fraud and manipulation linked to the securities market on social media platforms.

Sidda to roll out 2 of 5 poll guarantees in Aug, registration from June 15

Sidda to roll out 2 of 5 poll guarantees in Aug, registration from June 15

Rediff.com8 Jun 2023

The announcement came after the chief minister held a high level meeting with senior government officials on Thursday to discuss the implementation of both schemes, which are part of five poll guarantees of the Congress.

Rs 2,000 crore loans to Go First are now NPA: Central Bank of India

Rs 2,000 crore loans to Go First are now NPA: Central Bank of India

Rediff.com23 Oct 2023

Central Bank of India classified its loans to Go First as non-performing assets (NPAs) in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24). The no-frills carrier has been under insolvency proceedings since May 2023 and ceased operating flights on May 3 this year. The public sector lender's exposure, including government-guaranteed emergency credit to the ailing airline, amounts to about Rs 2,000 crore.

USTR Report Intensifies Trade Tensions With India

USTR Report Intensifies Trade Tensions With India

Rediff.com2 Apr 2025

The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.

Budget: Worst-hit sectors may get credit guarantee breather

Budget: Worst-hit sectors may get credit guarantee breather

Rediff.com14 Jan 2022

According to highly placed sources, the finance ministry is likely to extend ECLGS and other loan guarantee schemes for micro, small and medium enterprises (MSMEs), hospitality and tourism sector, and the health infrastructure beyond March 31, Business Standard has learnt. This is likely to be announced by Finance Minister Nirmala Sitharaman as part of her Budget speech on February 1.

Which Banks Should You Keep Your Money?

Which Banks Should You Keep Your Money?

Rediff.com3 Apr 2023

Be wary of co-operative banks which have historically been most vulnerable.

PhysicsWallah files IPO papers via confidential route

PhysicsWallah files IPO papers via confidential route

Rediff.com21 Mar 2025

Physics Wallah has filed Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), a precursor to hitting the primary market from where the edtech Unicorn reportedly plans to raise around Rs 4,500 crore through IPO.

Freebies, pre-poll guarantees galore as BJP, Congress woo MP voters

Freebies, pre-poll guarantees galore as BJP, Congress woo MP voters

Rediff.com9 Oct 2023

A fierce competition among parties to offer freebies and guarantees, a scramble for tribal, OBC, women votes and a touch of Hindutva -- all have combined to make the Madhya Pradesh assembly polls a high-stakes battle with main rivals BJP and the Congress pulling out all the stops to gain power.

Hindujas' RCap purchase hangs fire as deadline looms with payment on hold

Hindujas' RCap purchase hangs fire as deadline looms with payment on hold

Rediff.com1 Aug 2024

Mauritius-based Hinduja group firm IndusInd International Holdings (IIHL) has informed the administrator of Reliance Capital that it is ready with its equity contribution of Rs 2,750 crore in cash to acquire the bankrupt firm, but it wants certain conditions to be met in accordance with the resolution plan before transferring the amount. IIHL has also filed an application with the Mumbai Bench of the National Company Law Tribunal (NCLT), seeking directions for the administrator and the committee of creditors (CoC) to complete all pending activities to close the transaction and not let the lenders invoke the bank guarantees provided by the firm earlier.

Trump's Tariff Tsunami: Will India Sink or Reform?

Trump's Tariff Tsunami: Will India Sink or Reform?

Rediff.com21 Apr 2025

The Trump trade shock is a chance to push long-overdue reforms, rather than tinker with tariffs to appease the US, suggests M Govinda Rao.

'Budget Is Good From Inflation Perspective'

'Budget Is Good From Inflation Perspective'

Rediff.com11 Feb 2025

'The finance minister has done as much as she can when you look into the fiscal constraints she had.'

'ROI On An MBA Is Seriously Messed Up'

'ROI On An MBA Is Seriously Messed Up'

Rediff.com12 Mar 2025

Why has a Reddit user's post -- where the user warns that 'even an IIM tag won't save you' -- created a storm online?

Must Read: Advice For SIP Investors

Must Read: Advice For SIP Investors

Rediff.com11 Feb 2025

'Regardless of whether you invest Rs 100 or Rs 1 crore per month, risk is inevitable.' 'Positive returns at the end of the year can never be guaranteed.' 'This is a fundamental truth every SIP investor must grasp.'

Delhi has become Aapda-mukt: Modi in victory speech

Delhi has become Aapda-mukt: Modi in victory speech

Rediff.com8 Feb 2025

Hailing the Bharatiya Janata Party's Delhi assembly polls victory as 'historic', Prime Minister Narendra Modi on Saturday launched a stinging attack on the Aam Aadmi Party and the Congress, saying the country needs a serious political transformation and not politics of 'dhoort-ta (deceit) and moorkhta (foolishness)'.

Govt nods EV policy; min investment fixed at $500 mn

Govt nods EV policy; min investment fixed at $500 mn

Rediff.com15 Mar 2024

The government on Friday approved an electric-vehicle policy, under which duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of $500 million, a move aimed at attracting major global players like US-based Tesla. According to an official statement, the companies setting up manufacturing facilities for e-vehicles will be allowed to import a limited number of cars at lower customs duty. The policy seeks to promote India as a manufacturing destination for EVs and attract investment from reputed global EV manufacturers, it added.

No safety net: Kashyap echoes Gopichand's warning

No safety net: Kashyap echoes Gopichand's warning

Rediff.com22 Feb 2025

Former Commonwealth Games champion Parupalli Kashyap has strongly supported Pullela Gopichand's recent comments about the challenges faced by middle-class families pursuing sports careers.

Modi's promise betrayed: AAP after Delhi cabinet meet

Modi's promise betrayed: AAP after Delhi cabinet meet

Rediff.com21 Feb 2025

Atishi, a former Delhi Chief Minister and AAP leader, accused the newly formed BJP government of failing to fulfill Prime Minister Narendra Modi's promise of providing financial assistance to women under the Mahila Samridhi Yojana. She questioned why the scheme, which promised Rs 2,500 to each woman in Delhi, was not passed at the first cabinet meeting.

De-risking loan portfolio likely a top priority for new Bandhan CEO

De-risking loan portfolio likely a top priority for new Bandhan CEO

Rediff.com15 Oct 2024

Partha Pratim Sengupta, who will be taking charge as the MD & CEO of Bandhan Bank in early November, has his task cut out. The Kolkata-based lender, which converted itself from a microfinance institution to a universal bank, is in its 10th year of operation. The bank was able to cut down the share of the micro loan book over these years.

Bank Deposits: Strong Safety Net Needed

Bank Deposits: Strong Safety Net Needed

Rediff.com13 Apr 2023

If a bank shuts down, every account holder it has will get back their money for a maximum limit of Rs 5 lakh. It was Rs 1 lakh before.

How BJP Brought Down Kejriwal

How BJP Brought Down Kejriwal

Rediff.com8 Feb 2025

The BJP coined a new word for AAP, 'Aapda (crisis)', which Modi repeated constantly during the election campaign to show how Delhi residents's lives had become miserable under AAP's 11-year rule.

Waqf bill: Govt says no interference in Muslims; Oppn objects

Waqf bill: Govt says no interference in Muslims; Oppn objects

Rediff.com2 Apr 2025

Introducing the bill, Rijiju said the consultation process of the Joint Parliamentary Committee (JPC) was the largest ever exercise carried out by a parliamentary panel in India's democratic history.

How Ajay Banga Can Change The World Bank

How Ajay Banga Can Change The World Bank

Rediff.com14 Apr 2023

The World Bank must become Archimedes's lever to help change the world into a more prosperous, inclusive, and sustainable planet in the 21st century. The change in leadership now provides that opportunity, observes Ajay Chhibber.

BCCI top brass deliberate as Star India asks for discount

BCCI top brass deliberate as Star India asks for discount

Rediff.com9 Jan 2023

The BCCI top brass deliberated on the two subjects for more than an hour in the emergent meeting of the Apex Council on Monday.

Budget sets a comprehensive blueprint for India's economic growth

Budget sets a comprehensive blueprint for India's economic growth

Rediff.com4 Feb 2025

Finance Minister (FM) Nirmala Sitharaman has presented a forward-looking Budget, reinforcing the government's commitment to 'Reform, Perform, and Transform'.

Has India's 'Bad Bank' Worked Or Not?

Has India's 'Bad Bank' Worked Or Not?

Rediff.com26 Sep 2023

The target was for banks to sell Rs 2 trillion worth of non-performing assets to NARCL, the so-called 'bad bank, by 2021-2022. Only 10 per cent of this has been executed.

Bank of Baroda makes Rs 500 crore provision for Go First exposure

Bank of Baroda makes Rs 500 crore provision for Go First exposure

Rediff.com17 May 2023

Bank of Baroda (BoB) has made prudential provision of Rs 500 crore for exposure to Go First, which has sought bankruptcy protection after the National Company Law Tribunal (NCLT) admitted its plea for voluntary insolvency. Sanjiv Chadha, managing director and chief executive officer of BoB, said the bank identifies issues in advance and makes provisions if required. The Mumbai-based public sector lender has an exposure of Rs 1,300 crore to the troubled airline.

RBI, Always Watchful, Always Vigilant

RBI, Always Watchful, Always Vigilant

Rediff.com2 Jan 2025

The RBI has changed the way it approached supervision in the past. Having seen a couple of collapses in the NBFC sector and the near-collapse of a few banks, it is focusing on regular drills to prevent a fire from breaking out, explains Tamal Bandyopadhyay.

No plan to bring clawback clause: LIC

No plan to bring clawback clause: LIC

Rediff.com12 Nov 2024

State-owned Life Insurance Corporation of India (LIC) has realigned its commission structures for its distributors in accordance with new surrender value norms but has no plans to introduce any "clawback", it said in a post-earnings analyst call on Friday. "It depends on our experience because the new products have been filed from October 1," said Siddhartha Mohanty, managing director and chief executive officer. The insurance regulator has revised the surrender value norms, and the revised ones came into effect on October 1.

The ambitious plans of Flipkart-backed super.money

The ambitious plans of Flipkart-backed super.money

Rediff.com17 Dec 2024

Flipkart-backed super.money is on an expansion spree and plans to expand its range of offerings in credit and wealth management after launching its operations in July this year. The Bengaluru-based fintech company is on track to roll out credit products such as credit on Unified Payments Interface (UPI), unsecured credit cards, and personal loans within the first half of the next calendar year (2025).

Budget: How Sitharaman plans to boost the MSME sector

Budget: How Sitharaman plans to boost the MSME sector

Rediff.com23 Jul 2024

The government will come out with a credit guarantee scheme for MSMEs to facilitate term loans without collateral or third party guarantee, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting her seventh straight Union Budget, she also said that public sector banks to build in-house capability for credit assessment of MSMEs.

How will govt's credit guarantee scheme 2.0 work?

How will govt's credit guarantee scheme 2.0 work?

Rediff.com26 Nov 2020

The government on Thursday said it has extended the Emergency Credit Line Guarantee Scheme (ECLGS) to the health sector and 26 other sectors identified by the Kamath Committee. The National Credit Guarantee Trustee Company Limited (NCGTC) has issued the operational guidelines for implementation of ECLGS 2.0 scheme, the finance ministry said in a statement. The scheme was announced by the government earlier this month as part of the Rs 2.65 lakh crore Atmanirbhar Bharat 3.0 package.

Can Rekha Gupta Deliver BJP Promises To Delhi?

Can Rekha Gupta Deliver BJP Promises To Delhi?

Rediff.com20 Feb 2025

The monthly Rs 2500 payment for poor women is expected to cost Rs 11,000 crore while the pension scheme of Rs 2000 for every senior citizen will cost around Rs 4100 crore. The Yamuna clean up will cost over Rs 10,000 crore while a similar amount is required to upgrade Delhi's hospitals. Ultimately, the new BJP government will have no choice but to ask the centre for financial support, notes Rashme Sehgal.

Byju's fails to pay BCCI; faces bankruptcy proceedings

Byju's fails to pay BCCI; faces bankruptcy proceedings

Rediff.com16 Jul 2024

Edtech company Byju's, which was once India's most valuable start-up worth an estimated $22 billion, will face insolvency proceedings for failure to pay Rs 158.9 crore to cricket board BCCI. The Bengaluru bench of the National Company Law Tribunal (NCLT) on Tuesday allowed bankruptcy proceedings against the firm and appointed an interim resolution professional, suspending the company's board of directors and freezing its assets.

Colombia agrees to take back migrants, Trump pauses tariffs

Colombia agrees to take back migrants, Trump pauses tariffs

Rediff.com27 Jan 2025

US President Donald Trump has imposed tariffs and a travel ban on Colombia after the South American nation refused to accept two American military planes deporting undocumented Colombians. The move comes after President Trump announced mass deportations of illegal immigrants and warned countries of consequences if they refuse to accept them. Colombian President Gustavo Petro, in a post on X, said that the US cannot treat Colombian migrants as criminals and denied the entry of American planes carrying Colombian migrants into Colombian territory. Trump responded by imposing a 25% tariff on all goods coming into the US, a travel ban and immediate visa revocations on Colombian government officials, and visa sanctions on all party members, family members and supporters of the Colombian government. The US also announced enhanced customs and border protection inspections of all Colombian nationals and cargo on national security grounds. In retaliation, Colombia announced a 25% import tariff on American products.

Budget 2025: More Jobs Via Thriving Farms and MSME Growth

Budget 2025: More Jobs Via Thriving Farms and MSME Growth

Rediff.com4 Feb 2025

The most striking features of this Budget was its focus on simplification and improving the ease of doing business in India, asserts Kaku Nakhate.

Want To Invest In Fixed Income Schemes?

Want To Invest In Fixed Income Schemes?

Rediff.com3 Jan 2025

When investing in fixed-income products, balancing considerations like safety, liquidity, and income is essential.

99 And Seven Decimal Points

99 And Seven Decimal Points

Rediff.com11 Mar 2025

'Does 99 percent guarantee character and capacity for an independent awareness of life or does it make you -- barring exceptions -- a compliant careerist beholden to governments and corporations?' 'What kind of political and social choices would such minds make?' asks Shyam G Menon.

'Mutual Funds never provide guaranteed returns'

'Mutual Funds never provide guaranteed returns'

Rediff.com21 Oct 2022

Nikunj Saraf, Vice President Choice Wealth, answers your mutual fund queries.