News for 'Central Board of Directors'

Who Will Be The Next SBI Chief?

Who Will Be The Next SBI Chief?

Rediff.com14 May 2024

'The FSIB will conduct interviews for the SBI chairman position on May 21-22 as the tenure of the current chairman Dinesh Kumar Khara is scheduled to end by August.'

When Karan Johar Yelled, 'Are You Mad?'

When Karan Johar Yelled, 'Are You Mad?'

Rediff.com18 Jul 2024

'When Bad Newz was given to me to direct, the first thing I did was go back to my childhood.' 'It's an ode to Hindi cinema.'

RBI's balance sheet is 2.5X Pakistan's GDP

RBI's balance sheet is 2.5X Pakistan's GDP

Rediff.com30 May 2024

The size of Reserve Bank's balance sheet increased by 11.08 per cent to Rs 70.47 lakh crore as on March 2024, leading to the highest-ever dividend payout to the government, according to the central bank's annual report. In actual terms, the increase was Rs 7,02,946.97 crore over Rs 63.45 lakh crore as on March 2023.

RBI to pay Rs 30,307 crore dividend to govt for FY22

RBI to pay Rs 30,307 crore dividend to govt for FY22

Rediff.com20 May 2022

Reserve Bank of India (RBI) on Friday said its board has approved a dividend payment of Rs 30,307 crore to the government for the financial ended March 2022. The board approved the transfer of Rs 30,307 crore as surplus to the central government for the accounting year 2021-22 while deciding to maintain the Contingency Risk Buffer at 5.50 per cent, RBI said in a statement. The decision on the dividend payment was made in the 596th meeting of the Central Board of Directors of RBI, headed by Governor Shaktikanta Das, held on Friday.

National Film Awards named after Indira Gandhi, Nargis renamed

National Film Awards named after Indira Gandhi, Nargis renamed

Rediff.com14 Feb 2024

The 'Indira Gandhi award for best debut film' and the 'Nargis Dutt award for best feature film on national integration' have been retitled with the names of the late prime minister and legendary actor being dropped as part of a raft of changes for the National Film Awards, according to a notification.

SC sets free TN YouTuber held under Goondas Act

SC sets free TN YouTuber held under Goondas Act

Rediff.com18 Jul 2024

Granting the interim relief to Shankar currently lodged in the Coimbatore Central Prison, a bench of Justices Sudhanshu Dhulia and Ahsanuddin Amanullah said it would not decide the case on merits as the Madras high court is seized of the matter.

Why There Is A Surge In Demat Accounts

Why There Is A Surge In Demat Accounts

Rediff.com6 Sep 2024

The total number of demat accounts in the country stood at 171.1 million as of August 31.

Inzamam questions PCB over Hafeez sacking

Inzamam questions PCB over Hafeez sacking

Rediff.com4 Mar 2024

Rauf's central contract may be 'restored'

Kejriwal comes out of jail, but can't go to office or sign files

Kejriwal comes out of jail, but can't go to office or sign files

Rediff.com13 Sep 2024

Kejriwal, who was arrested on March 21 by the Enforcement Directorate (ED) in the same case and later by the CBI which was probing corruption charges, stepped out after spending 155 days in Tihar jail. The AAP supremo, who was earlier granted three-week interim bail in the ED case, was given a resounding welcome by his party leaders and supporters who were drenched in heavy rain. Addressing party workers from the top of an SUV, Kejriwal, sporting a half-sleeve blue shirt, raised 'Inquilab Zindabad' and 'Vande Mataram' slogans.

India's growth momentum likely to be sustained in 2023-24: RBI

India's growth momentum likely to be sustained in 2023-24: RBI

Rediff.com30 May 2023

On the back of sound macroeconomic policies and softer commodity prices, India's growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures, said the Reserve Bank's annual report released on Tuesday. It, however, added that slowing global growth, protracted geopolitical tensions and a possible upsurge in financial market volatility following new stress events in the global financial system could pose downside risks to growth. "On the back of sound macroeconomic policies, softer commodity prices, a robust financial sector, a healthy corporate sector, continued fiscal policy thrust on quality of government expenditure, and new growth opportunities stemming from global realignment of supply chains, India's growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures," it said.

'Oppenheimer' sparks social media row over scene involving Bhagavad Gita

'Oppenheimer' sparks social media row over scene involving Bhagavad Gita

Rediff.com23 Jul 2023

Uday Mahurkar, Information Commissioner, government of India, wrote an open letter to Nolan, terming the scene a "disturbing attack on Hinduism" and appealed to the director to remove the scene worldwide.

Paytm Crisis: StartUp Founders Take Note

Paytm Crisis: StartUp Founders Take Note

Rediff.com22 Feb 2024

Startup founders need to sit up and think about how not to take stardom for granted and how not to disappoint their fans who have stood in long queues for those precious selfies with popular entrepreneurs, notes Nivedita Mookerji.

Bengal junior doctors resume 'total cease work'

Bengal junior doctors resume 'total cease work'

Rediff.com1 Oct 2024

Agitating junior doctors in West Bengal resumed their indefinite 'total cease work' on Tuesday to press for various demands, including ensuring their safety and security at all medical establishments.

'Pakistan stars prioritise T20 leagues over country'

'Pakistan stars prioritise T20 leagues over country'

Rediff.com26 Jan 2024

Pakistan's on-field performances not affected by frequent changes in PCB, says acting chairman

Why companies are chary of independent directors

Why companies are chary of independent directors

Rediff.com18 Jan 2019

As many as 104 listed companies have fewer independent directors than mandated by the regulations, according to the figures from Prime Database, reports Sachin P Mampatta.

ED issues 2 summons to Kejriwal, registers new case

ED issues 2 summons to Kejriwal, registers new case

Rediff.com17 Mar 2024

The Enforcement Directorate has issued two summons to Delhi Chief Minister Arvind Kejriwal to appear for questioning on March 18 and 21, official sources said Sunday.

Govt defends Great Nicobar project amid criticism, cites national interest

Govt defends Great Nicobar project amid criticism, cites national interest

Rediff.com26 Aug 2024

The central government's Great Nicobar development project, proposed around an unprecedented transhipment port, will be executed to keep environmental impact minimal, and is essential as it is of national importance, the government has said amid calls to abort the controversial project due to ecological concerns, the Centre said in an official statement.

Shaktikanta Das: RBI Governor Who Walks The Talk

Shaktikanta Das: RBI Governor Who Walks The Talk

Rediff.com13 Mar 2024

'Das is friendly, but he finally does what he does. The quality of engagement is very good.'

EC sets up special panel to curb cash distribution, with eye on TN

EC sets up special panel to curb cash distribution, with eye on TN

Rediff.com14 Mar 2019

CEC Sunil Arora will meet former heads of Central Board of Direct Taxes and Central Board of Indirect Taxes and Customs on Friday to discuss ways to keep a check on black money disbursements in South India, especially Tamil Nadu.

Reserve Bank supersedes boards of Srei firms

Reserve Bank supersedes boards of Srei firms

Rediff.com4 Oct 2021

The Reserve Bank on Monday superseded the boards of Srei Infrastructure Finance as well as Srei Equipment Finance, citing concerns over governance and payment defaults, and decided to refer the two NBFCs for resolution under the insolvency law. This is only the second time in as many years that the Reserve Bank of India (RBI) is referring entities for the resolution process under the Insolvency and Bankruptcy Code (IBC) after taking first ever such step in the case of DHFL back in 2019. Superseding the boards of the crisis-hit Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL), the RBI has appointed Rajneesh Sharma, former Chief General Manager of Bank of Baroda as the administrator to manage the affairs of the two companies.

Former AAP official Vijay Nair gets bail in excise policy case

Former AAP official Vijay Nair gets bail in excise policy case

Rediff.com2 Sep 2024

In a relief to former Aam Aadmi Party communication in-charge Vijay Nair, the Supreme Court on Monday granted him bail after nearly 23 months of incarceration in a money laundering case stemming from the alleged Delhi excise policy scam, observing that liberty is 'sacrosanct' and needs to be respected in cases involving even stringent laws.

LG recommends NIA probe against Kejriwal for funding from banned SFJ

LG recommends NIA probe against Kejriwal for funding from banned SFJ

Rediff.com6 May 2024

Delhi Lt Governor V K Saxena has recommended an NIA probe against Chief Minister Arvind Kejriwal for allegedly receiving political funding from the banned terrorist organisation 'Sikhs for Justice', Raj Niwas sources said on Monday.

Panel headed by former ISRO chief to oversee NTA reforms

Panel headed by former ISRO chief to oversee NTA reforms

Rediff.com22 Jun 2024

Amid a row over irregularities in competitive exams National Eligibility cum Entrance Test (NEET) and National Eligibility Test (NET), the education ministry on Saturday notified a seven-member panel headed by former Indian Space Research Organisation (ISRO) chief K Radhakrishnan to ensure transparent, smooth and fair conduct of examinations through the National Testing Agency (NTA).

Patanjali Foods gets show cause notice for GST dues

Patanjali Foods gets show cause notice for GST dues

Rediff.com30 Apr 2024

Patanjali Foods has been served a show cause notice by the GST intelligence department, asking the company to explain why input tax credit worth Rs 27.46 crore should not be recovered from it. The yoga guru Ramdev-led Patanjali Ayurved Group firm, which is mainly into the edible oil business, has received the notice from the Directorate General of GST Intelligence, Chandigarh Zonal Unit, according to a regulatory filing made by the company on April 26.

Do I have to sweep roads? Mamata pulls up MLAs, officials over poor amenities

Do I have to sweep roads? Mamata pulls up MLAs, officials over poor amenities

Rediff.com25 Jun 2024

An angry Banerjee slammed a minister, a former Trinamool Congress mayor and a few bureaucrats for their "below-par performance".

NEET row: NTA DG shunted out; Centre orders CBI probe

NEET row: NTA DG shunted out; Centre orders CBI probe

Rediff.com23 Jun 2024

The Centre on Saturday night announced that the probe into alleged irregularities in the medical entrance exam NEET will be handed over to the CBI for a comprehensive investigation.

Paytm can continue UPI transactions through 4 banks

Paytm can continue UPI transactions through 4 banks

Rediff.com14 Mar 2024

The National Payments Corporation of India on Thursday granted approval to Paytm-owner One97 Communications Ltd to participate in UPI as a Third-Party Application Provider (TPAP) under the multi-bank model. Axis Bank, HDFC Bank, State Bank of India, and YES Bank will act as Payment System Provider (PSP) banks to Paytm.

RBI may have to restructure its key committees

RBI may have to restructure its key committees

Rediff.com30 Nov 2018

The government has proposed "drastic changes" in the rules framed to retune the composition of three committees of the RBI: Board for Financial Supervision, the Board for Payment and Settlement Systems and the Committee of the Central Board.

Why Don't These Banks Have A Chairman?

Why Don't These Banks Have A Chairman?

Rediff.com29 Jun 2023

UCO Bank, Bank of Maharashtra, Bank of India, Indian Overseas Bank, Indian Bank, and Central Bank of India don't have a non-executive chairman.

RBI hikes interest rate by 40 bps; EMIs to become expensive

RBI hikes interest rate by 40 bps; EMIs to become expensive

Rediff.com4 May 2022

The Reserve Bank on Wednesday increased the benchmark lending rate by 40 basis points (bps) to 4.40 per cent in a bid to contain inflation, which has remained stubbornly above the target zone of 6 per cent for the last three months. The decision follows an unscheduled meeting of the Monetary Policy Committee (MPC), with all six members unanimously voting for a rate hike while maintaining the accommodative stance. While the inflation has remained above the targetted 6 per cent since January, RBI Governor Shaktikanta Das said the inflation print in April is also likely to be high.

'I Get To Shoulder An Entire Film'

'I Get To Shoulder An Entire Film'

Rediff.com27 Sep 2024

'I'm there in every frame of this film.' 'The film is named after the character that I play.' 'It's about a feeling like you are capable of shouldering a film entirely on your own, which is a belief that I may not have in myself always.'

SC relief for TN YouTuber over interview cases

SC relief for TN YouTuber over interview cases

Rediff.com14 Aug 2024

The bench not only issued notices to the state government and its police authorities, but also stayed the coercive proceedings against Shankar.

'Tax buoyancy can't continue year after year'

'Tax buoyancy can't continue year after year'

Rediff.com16 Feb 2024

'The revenue projection arises out of all sectors doing well and the formalisation of the economy helps in making sure the tax domain gets widened.'

Wipro CEO Thierry Delaporte resigns; Srinivas Pallia named new chief

Wipro CEO Thierry Delaporte resigns; Srinivas Pallia named new chief

Rediff.com6 Apr 2024

Indian IT major Wipro on Saturday announced the resignation of its CEO Thierry Delaporte and named Srinivas Pallia as the new chief executive officer effective immediately. Wipro's Board noted the resignation of Delaporte with effect from April 6, 2024, the company said in a BSE filing, and added he will be relieved from the employment of the company with effect from the close of business hours on May 31, 2024.

DJB contract bribes transferred to officials, AAP: ED

DJB contract bribes transferred to officials, AAP: ED

Rediff.com3 Apr 2024

The Enforcement Directorate (ED) on Tuesday levelled fresh allegations of corruption against the Aam Aadmi Party, saying a former Delhi Jal Board chief engineer had 'transferred' Rs 2 crore of bribe money to his colleagues in the department and the ruling party in Delhi as election funds.

Arthur, Bradburn and Puttick resign from PCB

Arthur, Bradburn and Puttick resign from PCB

Rediff.com19 Jan 2024

Meanwhile, the sports ministry has asked the PCB not to offer a long-term contract to its incumbent director of cricket Mohammad Hafeez yet, who came into the role after the 50-overs World Cup last year.

ED issues fresh summons to Kerala ex-FM Isaac in KIIFB masala bonds case

ED issues fresh summons to Kerala ex-FM Isaac in KIIFB masala bonds case

Rediff.com7 Jan 2024

The 71-year-old politician has been asked to depose at the agency office in Kochi on January 12, they said.

IIM amendment bill proposing powers to Prez triggers autonomy debate

IIM amendment bill proposing powers to Prez triggers autonomy debate

Rediff.com30 Jul 2023

The bill to amend the IIM Act of 2017 was introduced in the Lok Sabha last Friday amid disruptions by opposition members over the Manipur violence issue.

ED files money-laundering case against Kerala CM's daughter

ED files money-laundering case against Kerala CM's daughter

Rediff.com27 Mar 2024

The Enforcement Directorate (ED) has filed a money-laundering case against Kerala Chief Minister Pinarayi Vijayan's daughter Veena Vijayan and her IT firm for receiving 'illegal payments' from a Kochi-based private firm, official sources said on Wednesday.