News for 'Bank Guarantee'

We enter their homes and kill terrorists: Modi

We enter their homes and kill terrorists: Modi

Rediff.com30 Apr 2024

"During the Congress regime, the news headlines were of India handing over another dossier to Pakistan about terror activities. Some of our friends in media used to clap after such any such dossier was sent," Modi said at an election rally in Maharashtra's Latur.

Join Ajit, Shinde instead of...: Modi to Pawar, Uddhav

Join Ajit, Shinde instead of...: Modi to Pawar, Uddhav

Rediff.com10 May 2024

"The nakli Shiv Sena wants to bury me alive. They abuse me in such a way that it will be liked by their favourite vote bank," Modi said.

Modi shares winning formula with BJP workers in Kerala

Modi shares winning formula with BJP workers in Kerala

Rediff.com17 Jan 2024

Addressing a gathering of around 6,000 in-charges of 'Shakti Kendras,' each comprising two to three booth-level areas, at Marine Drive, the prime minister said that Kerala has the potential to influence who will be in power in Delhi.

Crisis averted at SpiceJet as Maran promises to clear Rs 200 cr dues

Crisis averted at SpiceJet as Maran promises to clear Rs 200 cr dues

Rediff.com16 Dec 2014

The airline not to be put on cash and carry mode

What worked for BJP in Chhattisgarh

What worked for BJP in Chhattisgarh

Rediff.com3 Dec 2023

Against predictions by most exit polls that the ruling Congress had an edge in the state, the BJP banked heavily on the charisma of the PM.

'It's not end of the road for Sahara-BCCI relations'

'It's not end of the road for Sahara-BCCI relations'

Rediff.com26 Oct 2013

Pune Warriors India are disappointed at being axed from the IPL but expressed hope that it would not be the end of the road as far as their relationship with the BCCI is concerned.

Congress manifesto to focus on jobs, farm and banking reforms

Congress manifesto to focus on jobs, farm and banking reforms

Rediff.com13 Mar 2019

The party's research department team, which Rajya Sabha member M V Rajeev Gowda heads, has sifted through the suggestions received in the last five months, and the manifesto is slated to be released later this month, reports Archis Mohan.

Fintech Lenders Gave Rs 29,875 Crore

Fintech Lenders Gave Rs 29,875 Crore

Rediff.com23 Oct 2023

'The last year's growth is a foretaste of things to come in the retail credit market.'

RBI proposes stringent norms for wilful defaulters

RBI proposes stringent norms for wilful defaulters

Rediff.com21 Sep 2023

The Reserve Bank on Thursday proposed tighter norms for treatment of wilful defaulters under which banks and other lenders will be required to examine all accounts with outstanding amount of Rs 25 lakh and more to see if the borrower is deliberately not repaying the loan. The central bank has issued a 'Draft Master Direction on Treatment of Wilful Defaulters and Large Defaulters' on which comments have been invited till October 31. According to Reserve Bank of India (RBI), the draft Master Direction expands the scope for regulated entities which can classify borrowers as wilful defaulters and broadens the definition of wilful default.

NCLAT stays insolvency proceedings against Zee

NCLAT stays insolvency proceedings against Zee

Rediff.com24 Feb 2023

In a major relief to media major Zee Entertainment Enterprises Ltd (ZEEL), the National Company Law Appellate Tribunal (NCLAT) on Friday stayed the insolvency proceedings initiated against it earlier this week. Admitting a petition filed by ZEEL Managing Director and chief executive Punit Goenka, the appellate tribunal issued notices to private sector lender IndusInd bank and the interim resolution professional directing them to file a reply in two weeks. NCLAT said the submissions made by both sides need a detailed hearing.

Future of digital payments in India

Future of digital payments in India

Rediff.com20 Mar 2024

'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'

Karnataka withdraws ban on hijab; BJP flays Siddaramaiah's decision

Karnataka withdraws ban on hijab; BJP flays Siddaramaiah's decision

Rediff.com23 Dec 2023

The chief minister said no one should indulge in vote bank politics

Collateral-Free Debt Funding For Start-Ups

Collateral-Free Debt Funding For Start-Ups

Rediff.com25 Oct 2022

The credit guarantee cover under the scheme would be both transaction-based (for single eligible borrowers) and umbrella-based (for a group of eligible borrowers).

Stimulus doesn't enlist banks as frontline warriors: RBI board member

Stimulus doesn't enlist banks as frontline warriors: RBI board member

Rediff.com20 May 2020

The stimulus package announced by Finance Minister Nirmala Sitharaman "fails to involve" banks in the economic revival process, a member of the Reserve Bank of India's central board said on Wednesday. The stimulus package is "imaginative and forward looking, yet fails to involve banks as frontline warriors in revival of economy," Satish Marathe, a member of RBI's central board, said in a social media post.

7 Ways to Conquer Debt, Build Wealth

7 Ways to Conquer Debt, Build Wealth

Rediff.com25 Jan 2024

Break the chains of debt, invest in your future, and wave the flag of financial independence high. Freedom awaits, comrades. Let's conquer this battlefield together this Republic day, exhorts Vatsal Ramaiya.

Cong gets fresh IT notices for Rs 1,800 cr; alleges it's tax terrorism

Cong gets fresh IT notices for Rs 1,800 cr; alleges it's tax terrorism

Rediff.com29 Mar 2024

Ramesh alleged that through the "electoral bonds scam", the Bharatiya Janata Party has collected Rs 8,200 crore and used the route of "pre-paid, post-paid, post-raid bribes and shell companies".

BP, Niko to formally join RIL arbitration against India

BP, Niko to formally join RIL arbitration against India

Rediff.com19 Mar 2014

Sources said the Cabinet had in December last year stipulated that the new gas rate will apply to all producers excepting eastern offshore KG-D6 block where the contractor, which is fighting government against levying penalties for output shortfall, will have to give bank guarantees equivalent to the incremental revenue it would get from the new rates.

Chinese national involved in Adani's defence deals: Congress

Chinese national involved in Adani's defence deals: Congress

Rediff.com6 Mar 2023

The Congress on Monday alleged that a Chinese national played a 'dubious role' in the Adani Group's activities and asked the government if it was not concerned that the conglomerate may be involving that person in important defence contracts.

Consensus remains elusive on common BRICS currency

Consensus remains elusive on common BRICS currency

Rediff.com23 Aug 2023

Consensus remained elusive on a common BRICS currency as business leaders from the five-bloc nations debated the pivotal issue at a business forum on the periphery of a summit of the five-member bloc being hosted here by South Africa. In their two addresses at the Summit so far, the leaders of Brazil, Russia, India, China and South Africa have made no or scant references to the issue either. "The BRICS Business Forum discussed the international payments system in detail. "Participants also debated the question of whether a BRICS currency is possible or desirable, with strong views expressed both for and against and little consensus reached," Sim Tshabalala, chief executive of Standard Bank Group, told several hundred captains of industry from the partner countries and over 40 other nations across the globe at the Summit.

Agreement reached to sell luxury hotels: Sahara tells SC

Agreement reached to sell luxury hotels: Sahara tells SC

Rediff.com14 Aug 2014

Roy, who has been in jail for over five months, said that he cannot reveal the name of the party and the bank, saying that their confidentiality has to be protected till the deal is signed.

BJP resorts to cartoon campaign against Cong LS candidates in Chhattisgarh

BJP resorts to cartoon campaign against Cong LS candidates in Chhattisgarh

Rediff.com17 Mar 2024

While the BJP said it has only portrayed some incidents, which happened during the previous Congress regime through the cartoons which are not meant to hurt anyone, the grand old party accused it of releasing such illustrations out of frustration.

Will Subrata Roy get a favourable verdict?

Will Subrata Roy get a favourable verdict?

Rediff.com3 Jun 2014

The Supreme Court is likely to pronounce on Wednesday its verdict on a plea of jailed Sahara Group chief Subrata Roy seeking modification of an earlier order asking him to pay Rs 5,000 crore (Rs 50 billion) in cash besides a bank guarantee of an equivalent amount for securing his release.

What ails the public sector banks

What ails the public sector banks

Rediff.com17 Jan 2014

This article examines the call for the government to reduce its majority ownership in public sector banks ostensibly with the objective of improving the functioning of these banks.

PMC Bank Crisis: 'RBI must be more pro-active'

PMC Bank Crisis: 'RBI must be more pro-active'

Rediff.com26 Sep 2019

'What is critical today in India is confidence of depositors.' 'If you have these kinds of problems spreading like this, the confidence level of a lot of people in the system gets shaken.'

Supreme Court rejects Subrata Roy's bail plea again

Supreme Court rejects Subrata Roy's bail plea again

Rediff.com4 Jun 2014

The apex court asked Securities and Exchange Board of India to release title deeds of the property to be sold by Sahara in favour of purchasers for arranging the money.

42% OBC quota in panchayats if Cong comes to power: Rahul in T'gana

42% OBC quota in panchayats if Cong comes to power: Rahul in T'gana

Rediff.com17 Nov 2023

This will pave the way for emergence of 24,000 new panchayat-level leaders in Telangana, he said.

PNB scam: CBI seeks details of nostro transactions from 5 banks

PNB scam: CBI seeks details of nostro transactions from 5 banks

Rediff.com26 Feb 2018

The agency on Monday questioned three general managers of the Punjab National Bank who have handled the -International Banking Division and Treasury department of the bank, officials said without revealing their identity.

Another scam in the making

Another scam in the making

Rediff.com23 Dec 2013

An open letter to the prime minister on the Rangarajan formula doubling the price of KG basin gas

2020 will see fresh challenges for banking

2020 will see fresh challenges for banking

Rediff.com2 Jan 2020

'Given the emerging trends, it may be time for India to embrace digital banking,' notes Pradipta Bagchi.

BCCI owes former Aus player Hodge money for IPL 2010!

BCCI owes former Aus player Hodge money for IPL 2010!

Rediff.com24 May 2021

The 46-year-old Brad Hodge had played 14 games for KTK, scoring 285 runs at an average of 35.63. He was bought by Kochi Tuskers for $US425,000 at the 2010 auction.

Nagal savours big payday after injuries and hard work

Nagal savours big payday after injuries and hard work

Rediff.com16 Jan 2024

'From where I started, I was pretty proud of myself to be able to give myself another chance to be here, to qualify and play a second round. It's a good feeling.'

Will Gehlot's welfare schemes help Congress buck trend in Rajasthan?

Will Gehlot's welfare schemes help Congress buck trend in Rajasthan?

Rediff.com22 Nov 2023

With no apparent wave on the ground or pressing everyday issues, that's what it boils down for voters as Rajasthan readies for assembly polls this week.

Investors keep faith in Sahara, for now

Investors keep faith in Sahara, for now

Rediff.com27 Mar 2014

It's business as usual for Sahara in some places, but collection agents fend tough questions from investors.

SC grants conditional bail to Subrata Roy

SC grants conditional bail to Subrata Roy

Rediff.com26 Mar 2014

Sahara Group chief Subrata Roy was granted interim bail on Wednesday by the Supreme Court.

US telecom industry urges India to reevaluate policies

US telecom industry urges India to reevaluate policies

Rediff.com5 Oct 2011

TIA said it is very concerned over the discriminatory policy proposals that India is contemplating.

How a Rs 37,000-cr mountain rose against Sahara

How a Rs 37,000-cr mountain rose against Sahara

Rediff.com10 Mar 2014

That's the amount payable by the Sahara group firms, according to Sebi's latest statement

IMG wrestles with cons of coal block cancellation

IMG wrestles with cons of coal block cancellation

Rediff.com17 Sep 2012

The government's high-level panel looking into the controversial coal block allocations for captive mining has decided against cancelling three blocks, given to Nagpur-based Shree Veerangana Steels.

Rajasthan CM Confronts Dire Financial Crunch

Rajasthan CM Confronts Dire Financial Crunch

Rediff.com28 Dec 2023

Rajasthan is reeling under a huge financial burden with the state's debt having gone beyond Rs 5.59 lakh crores. Rajasthan has increased expenditure on education by 203.4 percent, by 105.4 percent on health, by 227.14 percent on housing. Its expenditure on social welfare schemes has increased by almost 2,475 per cent.

'Israelis are committing genocide'

'Israelis are committing genocide'

Rediff.com30 Nov 2023

'What's happening in Gaza is another ethnic cleansing, a repeat of what happened in 1948.' 'That is why people do not want to evacuate. Either you evacuate or you die.'

Delayed project? Builder to be fined

Delayed project? Builder to be fined

Rediff.com8 Jun 2007

Realty Bill seeks its forfeiture in case of project delay.