News for 'Business Standard the department'

Bihar hardens stand on non-serious investors

Bihar hardens stand on non-serious investors

Rediff.com25 Jun 2013

Some of these proposals came from big names of India Inc., such as Birla Cement, Steel Authority of India Ltd. and Jas Infrastructure and Power Ltd.

21 Indian cities will run out of groundwater by 2020

21 Indian cities will run out of groundwater by 2020

Rediff.com6 Jul 2018

At the bottom of the water index for 2016-17 are Odisha, Bihar, Jharkhand, Uttar Pradesh (UP), and Haryana, which are major producers of paddy, wheat, along with a host of horticulture crops.

Monsoon surge in August may lead to crop damage

Monsoon surge in August may lead to crop damage

Rediff.com22 Aug 2020

Reports said that in Telangana and Karnataka, excessive rains the past 10 days has threatened the standing green gram and maize crops and could negatively impact yields if the skies don't open up. But in the north-west and central parts of India, the resurgence of monsoon could not have come at a better time as oilseeds and pulses crops would otherwise had weathered if the rains didn't revive in August.

Why Jagan is hell-bent on creating 3 state capitals

Why Jagan is hell-bent on creating 3 state capitals

Rediff.com21 Jan 2020

Defending its three-capital decision, the government said since inception in 1956 the state had failed to integrate people from all regions, reports B Dasarath Reddy.

Netflix to drop 25% traffic to ease telecom load

Netflix to drop 25% traffic to ease telecom load

Rediff.com24 Mar 2020

Companies like Amazon Prime Video are also temporarily lowering bit rates -- a measure of how much data is being transferred -- to ease pressure on telecom network infrastructure.

Will HPCL, too, get the coveted Maharatna status?

Will HPCL, too, get the coveted Maharatna status?

Rediff.com11 Mar 2019

If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.

Foreign e-com cos creating massive unemployment, alleges RIL

Foreign e-com cos creating massive unemployment, alleges RIL

Rediff.com23 Mar 2021

Capital dumping is being used by foreign e-commerce firms to subsidise and engage in predatory pricing, oil-to-telecom conglomerate Reliance Industries (RIL) has told the Associated Chambers of Commerce and Industry of India (Assocham) in an internal document. The document alleges that this is leading to massive unemployment and financial distress among small merchants and kirana stores. It consists of various recommendations and proposed changes that deal with Press Note 2 of 2018 (PN 2), which RIL wanted Assocham to present to the government, according to sources.

Telcos face a big challenge to keep India Inc connected

Telcos face a big challenge to keep India Inc connected

Rediff.com25 Mar 2020

Companies have activated a comprehensive pandemic response plan with requisite risk mitigation protocols for keeping networks working as telecom is an essential service.

Meeting FY22 fiscal deficit target hinges on divestment

Meeting FY22 fiscal deficit target hinges on divestment

Rediff.com28 Dec 2021

After the government sought Parliament's nod for a second batch of supplementary demand for grants that will cause a hit of Rs 2.99 trillion to the exchequer, doubts suddenly arose about the government's ability to meet the Budget projections of reining in its fiscal deficit at 6.8 per cent of gross domestic product (GDP), or Rs 15.06 trillion, for the current financial year. Till now, many were of the opinion that the government would succeed in checking the deficit at a much lower figure than what was given in the Budget Estimates (BE). The government had sought Parliament's approval to spend Rs 3.74 trillion extra, but Rs 74,517.01 crore will be matched by equal savings on other heads.

Microsoft to set up data centre in India to spur growth

Microsoft to set up data centre in India to spur growth

Rediff.com6 Aug 2014

Even as Microsoft has seen exponential growth for its cloud platform Azure in India, the firm has not yet set up local servers.

I-T dept to use tech to beat manpower blues

I-T dept to use tech to beat manpower blues

Rediff.com11 Dec 2016

The I-T department will rely on data analytical tools and run models to separate black money holders and genuine taxpayers based on the large data base being shared by banks.

Govt agrees to Air India employees' main demands

Govt agrees to Air India employees' main demands

Rediff.com25 Aug 2021

The central government has agreed in-principle to Air India employees' main demands. It fears an industrial dissension now could impede the process of privatisation. It has agreed to bear the cost of liquidation loss on account of transfer to the Employees' Provident Fund Organisation (EPFO) from company-owned trusts, inclusion of employees in the central government health scheme (CGHS), and encashment of leaves. The template of the Air India process will be followed for other public sector undertakings up for privatisation at a later date.

Mumbai Metro project commissioning further delayed

Mumbai Metro project commissioning further delayed

Rediff.com16 Aug 2013

The commissioning of the 3-km Versova to Azad Nagar stretch of Mumbai Metro-I project will not be operational from September, as the Central Railway Safety Commissioner's approval is still awaited.

Beware of Chinese honey!

Beware of Chinese honey!

Rediff.com26 Dec 2020

Chinese companies have 'designed' the sugar syrup which is used to adulterate honey so that it can pass Indian laboratory tests, reveals Sunita Narain.

BJP prepares for Modi model of sarkar in Maharashtra

BJP prepares for Modi model of sarkar in Maharashtra

Rediff.com28 Oct 2014

BJP hints at implementing Modi's model of minimum government maximum governance in Maharashtra

Uncertainty looms over renewal of mining leases

Uncertainty looms over renewal of mining leases

Rediff.com21 Aug 2019

Iron ore deposits in the Donimali mine are estimated at 143 million tonnes and worth around Rs 40,000 crore. NMDC had leased the mine in 1968 for a period of 50 years. The lease expired on November 3, 2018.

Paytm looking for non-banking CEO for payments bank

Paytm looking for non-banking CEO for payments bank

Rediff.com14 Sep 2015

In August, RBI allowed 11 business houses to start a payments bank.

State-run banks come to the rescue of MSMEs

State-run banks come to the rescue of MSMEs

Rediff.com11 Dec 2019

Banks will also consider requests from MSMEs for restructuring their stressed standard assets. So far, only 25 per cent of the around 1 million eligible MSMEs have taken benefit of the RBI's special dispensation.

Tax authorities probing transactions between MCX-SX, FTIL

Tax authorities probing transactions between MCX-SX, FTIL

Rediff.com21 Apr 2014

A special audit will look into any pricing anomalies in the transactions between the two, according to a source. FTIL had a contract for helping the exchange with its technology needs.

Price of piped water to all households = Rs 5 trillion

Price of piped water to all households = Rs 5 trillion

Rediff.com5 Aug 2019

The current estimate, however, largely covers only the cost of infrastructure such as pipes, construction of borewells, overhead costs among others and not the expenditure to be incurred on operation and maintenance.

Govt wants PSUs to ramp up dividends, share buybacks

Govt wants PSUs to ramp up dividends, share buybacks

Rediff.com28 May 2020

This comes at a time when the COVID-19 crisis is expected to derail the government's revenue maths for 2020-21, hitting the mop-up from sources such as taxes and divestment.

Maha curfew: 50% factories may remain shut for next fortnight

Maha curfew: 50% factories may remain shut for next fortnight

Rediff.com15 Apr 2021

According to the order, all factories producing essential goods and services will remain operational at full capacity.

The 5 men who will decide how funds get shared by Centre and states

The 5 men who will decide how funds get shared by Centre and states

Rediff.com28 Nov 2017

The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.

To attract more FDIs, govt mulling changes in MRP labeling norms

To attract more FDIs, govt mulling changes in MRP labeling norms

Rediff.com11 Dec 2017

India's MRP and Packaged Commodities Acts are dated and not in line with the modern world's digital price mechanisms and comparisons.

Government plans to allow FDI in e-commerce before April

Government plans to allow FDI in e-commerce before April

Rediff.com31 Dec 2013

Floats discussion paper for stakeholders' feedback with a deadline of January 28.

I-T softens transfer pricing blow on MNCs

I-T softens transfer pricing blow on MNCs

Rediff.com17 Mar 2014

FY14 sees 16% decline in adjustments; department adds only Rs 59,000 crore to the profits attributed by multinationals, against Rs 70,000 crore a year ago

Nike to open fully-owned stores in India

Nike to open fully-owned stores in India

Rediff.com2 Sep 2014

Nike has been present in India since 1996.

Pilot study in 3 UTs shows why cash in lieu of PDS won't work

Pilot study in 3 UTs shows why cash in lieu of PDS won't work

Rediff.com3 Feb 2017

The research found that 50% of the people were receiving either nothing or less cash than they were entitled in lieu of the subsidised grains that were stopped under the pilots starting from September 2015 till May 2016.

Banks knock on courts' doors to recover Rs 1.86 lakh crore

Banks knock on courts' doors to recover Rs 1.86 lakh crore

Rediff.com4 Apr 2016

Cases across the country against defaulters who owe over Rs 1 crore each, reveal CIBIL data.

'Erratic rains? Farmers should wait and watch'

'Erratic rains? Farmers should wait and watch'

Rediff.com23 Apr 2015

'There is no mechanism to understand how things would evolve'.

Should you buy penny stocks?

Should you buy penny stocks?

Rediff.com20 Dec 2017

While a little more than 140 penny stocks have doubled in value, 555 have given negative returns in the past year. Of these, 84 shed more than half their value.

I-T dept wants more sleuths to probe tax frauds

I-T dept wants more sleuths to probe tax frauds

Rediff.com14 Dec 2016

'Investigation directorates have intensified actions in detecting serious irregularities.' 'They are seriously handicapped because of non-availability of manpower.'

After WTO, India skips signing Asean services trade pact

After WTO, India skips signing Asean services trade pact

Rediff.com27 Aug 2014

Sitharaman cancels Myanmar trip at last moment citing launch of Modi's Jan Dhan Yojana.

NPPA heat on hospitals for failing to provide stent details

NPPA heat on hospitals for failing to provide stent details

Rediff.com7 Mar 2017

The regulator is now probing 24 hospitals, including Max Hospital in New Delhi and Lilavati in Mumbai, for allegedly overcharging patients for stents

Budget has a vaccine for banking's virus

Budget has a vaccine for banking's virus

Rediff.com17 Feb 2021

Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.

Centre to issue government securities without foreign limits soon

Centre to issue government securities without foreign limits soon

Rediff.com24 Feb 2020

While the FPI limit on most bond issues would not be raised above 6 per cent, there would be some in which there would be no limits, reports Arup Roychoudhury.

How the Tatas finally brought Maharaja home

How the Tatas finally brought Maharaja home

Rediff.com7 Feb 2022

The Tatas have the know-how to quickly close deals which can otherwise get caught in legal wrangle. In 2018, on the day the National Company Law Tribunal declared Tata Steel as the winner of the bid for bankrupt Bhushan Steel, Bhushan promoter Neeraj Singhal was planning to file for a stay order. He did get the case listed for the following day, but the judge did not admit it, deferring it until the following week. The Tatas used the narrow window of 48 hours to close the deal and take control of the company.

Rising child healthcare cost? Opt for family floater plan

Rising child healthcare cost? Opt for family floater plan

Rediff.com26 Nov 2019

Once the child is 90 days old, parents must add her to the family health floater cover, suggests Sanjay Kumar Singh.

Will govt's move to limit use of herbicide glyphosate hit India's food security?

Will govt's move to limit use of herbicide glyphosate hit India's food security?

Rediff.com10 Jul 2020

Kerala, Punjab, Telangana and Andhra Pradesh are among the major agriculturally important states that have banned the use of glyphosate citing its adverse impact on human health.

DIPP to move Cabinet on FDI caps for some sectors

DIPP to move Cabinet on FDI caps for some sectors

Rediff.com2 Jul 2013

A panel headed by Economic Affairs secretary Arvind Mayaram had suggested FDI limit be raised to 49 per cent in almost all sectors through the automatic route.