News for 'Contingency Fund'

China concerned over safety of its citizens in Pakistan

China concerned over safety of its citizens in Pakistan

Rediff.com10 Jan 2023

Qin, who recently succeeded Wang Yi, had a phone call at the request of Bilawal on January 9, a Chinese Foreign Ministry statement in Beijing said on Tuesday.

Will 2023 Be A Repeat Of 2015?

Will 2023 Be A Repeat Of 2015?

Rediff.com5 Jun 2023

States have been told to prepare in advance to counter any impact of an adverse southwest monsoon.

Taken An SBI Loan, But Not Repaid It?

Taken An SBI Loan, But Not Repaid It?

Rediff.com6 Jun 2022

There are loans to salaried people where the borrower is employed, but has failed to make repayment. Such loans would be identified and sold in a pool to ARCs.

'PM-CARES must disclose all account details'

'PM-CARES must disclose all account details'

Rediff.com8 Jun 2020

'Citizens have given money to PM-CARES, so they have the right to know what has happened to their money.'

Want your kid to study abroad? Deal with falling rupee

Want your kid to study abroad? Deal with falling rupee

Rediff.com25 May 2018

If you are planning for a long-term goal like your child's education in a foreign university, invest about 20% of your portfolio in foreign assets that can provide a hedge against the rupee's depreciation.

5 financial tips if you are planning to change your job

5 financial tips if you are planning to change your job

Rediff.com14 Jan 2015

From the date you put in your papers, the employer will promptly freeze your salary payouts and you will get everything along with the full and final settlement.

New PCA framework for NBFCs introduced

New PCA framework for NBFCs introduced

Rediff.com14 Dec 2021

To further strengthen the supervision on non-banking entities (NBFCs), the Reserve Bank on Tuesday issued revised guidelines on a Prompt Corrective Action (PCA) framework for such companies, excluding government-owned ones, effective from October 1, 2022, on the lines of what it had introduced for banks in 2002. The RBI came up with stricter supervisory norms under the PCA framework for banks after their bad loans mounted and balance-sheets bled badly. This involved restricting them from fresh lending, brand opening and, hiring, among others. The RBI said the revised PCA framework is also applicable to all deposit-taking non-banking financial companies (NBFCs), all non-deposit taking NBFCs in the middle, upper and top layers, including investment and credit companies, core investment companies, infrastructure debt funds, infrastructure finance companies and microfinance institutions.

'ISI has encouraged, trained, funded terrorists'

'ISI has encouraged, trained, funded terrorists'

Rediff.com26 Feb 2019

'The Pakistani military has encouraged and supported terrorist organisations, especially in Kashmir, as a means of waging proxy war against the Indian military and the country's superior economic resources.' 'The evidence is irrefutable with the recent killing of 46 paramilitary troops being just the latest example.'

EMIs shouldn't exceed 35% of net income

EMIs shouldn't exceed 35% of net income

Rediff.com21 Apr 2018

Also build a contingency fund equal to 9 to 12 months of expenses.

Sports Minister felicitates triumphant Paralympians

Sports Minister felicitates triumphant Paralympians

Rediff.com8 Sep 2021

Thakur lauded her and all others who finished on the podium, presenting them with mementos to honour their feats.

10 smart tips to invest your money

10 smart tips to invest your money

Rediff.com15 Jan 2021

Resist the temptation to react to every move of the market and remain disciplined with your investments till you reach your financial goal.

'Govt assured funding for raising mountain strike corps'

'Govt assured funding for raising mountain strike corps'

Rediff.com14 Jan 2014

However, flow of funds, would naturally rest on economic growth, reports Ajai Shukla.

How must govt use RBI's Rs 1.76 lakh crore

How must govt use RBI's Rs 1.76 lakh crore

Rediff.com30 Aug 2019

'The Jalan Committee has now provided very clear guidelines on how the (RBI's) balance sheet should be looked at, what kind of disclosures should be made, what are the principles on which the Contingency Risk Buffer should be maintained, what should be the revaluation reserves, and the market risk to the Contingency Risk Buffer.'

UP, Maharashtra have maximum debt, says petitioner in freebies PIL

UP, Maharashtra have maximum debt, says petitioner in freebies PIL

Rediff.com11 Aug 2022

The states have outstanding liabilities of a whopping Rs 59,89,360 crore as on March 31, 2021, and the new sources of risk have emerged in the form of rising expenditure on non-merit freebies, the Supreme Court was told on Thursday by a PIL petitioner opposing irrational handouts.

Banks' bottom line improves as bad loans continue to fall

Banks' bottom line improves as bad loans continue to fall

Rediff.com16 Feb 2022

Commercial banks in the country continued with their improving asset quality trend in the October-December 2021 quarter with slippages remaining under control coupled with healthy recoveries and upgradation of asset classification. The 28-listed banks reported improvement in bottom line with net profits rising 64.1 per cent year-on-year (YoY) and 21.5 per cent sequentially. This is mostly on account of a fall in provisions and contingencies.

Mathura farmers cry foul as compensation cheques bounce

Mathura farmers cry foul as compensation cheques bounce

Rediff.com22 Apr 2015

Farmers in Mathura, Uttar Pradesh, were a distressed lot when compensation cheques issued to them for crop damage by state government bounced.

After FPIs, domestic brokers' lobby voices concern over T+1 settlement

After FPIs, domestic brokers' lobby voices concern over T+1 settlement

Rediff.com11 Nov 2020

The move will increase working capital requirement for brokers, raise the work load on the system and will leave little room for contingencies.

What Today's Millennials Want From Govt

What Today's Millennials Want From Govt

Rediff.com12 Feb 2022

Tax benefit on WFH expenses, regulatory clarity on cryptos figure high on their wish list.

116 ex-babus urge PM to provide free vaccination to all citizens

116 ex-babus urge PM to provide free vaccination to all citizens

Rediff.com21 May 2021

The central government should provide for free vaccination to all Indian citizens and greatly ramp up RT-PCR testing in both rural and urban areas, a group of former civil servants said on Thursday in an open letter to Prime Minister Narendra Modi.

Cash-strapped Vi is now more dependent on govt relief

Cash-strapped Vi is now more dependent on govt relief

Rediff.com5 Jul 2021

Limited visibility around tariff hike and lack of clarity on new funding could make Vodafone Idea "more dependent" on any form of government relief for improvement of its fundamentals, BofA Securities has said in its latest report. The top brass of cash-strapped telco Vodafone Idea had last week said 'floor price' remains the "best and most preferred" fix for industry's woes arising from tariff-related issues. The company, whose fundraising plans have been significantly delayed, had further said it is in active talks with potential investors, and emphasised that there is no reason to start working on an alternate 'Plan B'.

After 35 hours of grilling, ED summons Rahul Gandhi for day 5 of questioning

After 35 hours of grilling, ED summons Rahul Gandhi for day 5 of questioning

Rediff.com20 Jun 2022

The fourth day of questioning was deferred from June 17 to this day after Gandhi requested the agency for postponing the session as he wanted to be with his mother and Congress president Sonia Gandhi in hospital, where she is admitted for post-Covid issues.

Lanka may run out of fuel by April end; India's credit exhausting rapidly

Lanka may run out of fuel by April end; India's credit exhausting rapidly

Rediff.com8 Apr 2022

Sri Lanka is facing its worst economic crisis since gaining independence from the UK in 1948.

'Indian team' in Pakistan for World Kabaddi C'ships kicks up controversy

'Indian team' in Pakistan for World Kabaddi C'ships kicks up controversy

Rediff.com9 Feb 2020

A sport ministry source said the government has not granted permission to any athlete to travel to Pakistan for the event.

Set your financial goals for 2019

Set your financial goals for 2019

Rediff.com2 Jan 2019

Chances of staying true to your goals tend to be high when you don't lose sight of what you set out to achieve, advises Arun Thukral, MD & CEO, Axis Securities.

Should you prepay your home loan?

Should you prepay your home loan?

Rediff.com14 Mar 2016

Just in case you have surplus funds and are thinking about it, here are some pros and cons you must know...

Day 3: ED grills Rahul for 8 hrs, summons him again on Friday

Day 3: ED grills Rahul for 8 hrs, summons him again on Friday

Rediff.com15 Jun 2022

Congress leader Rahul Gandhi appeared before the Enforcement Directorate (ED) on Wednesday for the third consecutive day of questioning in the National Herald money laundering case, with the agency seeking answers on decisions taken with regard to the media organisation and its owner Young Indian.

BCCI paying for Aus IPL players' quarantine in Sydney: CA

BCCI paying for Aus IPL players' quarantine in Sydney: CA

Rediff.com18 May 2021

'BCCI at the outset committed to ensuring that they got home safely and as quickly as possible. They've delivered on that promise.'

Over 100 killed as dust storm wreaks havoc in UP, Rajasthan

Over 100 killed as dust storm wreaks havoc in UP, Rajasthan

Rediff.com3 May 2018

A cyclonic circulation over Haryana was the trigger for the deadly dust storm that swept parts of Rajasthan and Uttar Pradesh, weather experts said.

US denies involvement in no-trust motion against Imran govt

US denies involvement in no-trust motion against Imran govt

Rediff.com31 Mar 2022

The cable was reportedly sent on March 7, a day before the Opposition submitted the no-confidence motion and requisitioned a National Assembly session for voting on it.

Survival first, revival later: Hotels' mantra for 2022

Survival first, revival later: Hotels' mantra for 2022

Rediff.com20 Dec 2021

When the sun rises in 2022, the Indian hospitality industry will be waking up with prayers for survival, desperately looking forward to some form of support from the government as revival from the impact of the coronavirus pandemic of the last two years will be an arduous journey. Just as the industry was beginning to see a flickering light at the end of a long tunnel towards the end of 2021, the spread of the Omicron variant of coronavirus and subsequent extension of suspension of scheduled international passenger flights till January 31, 2022, has come as a dampener to those who were looking to have some business in the winter season. With inbound tourist arrivals unlikely amidst the pandemic, the industry wants the government to incentivise domestic travels with income tax benefits for a limited period so as to help the hospitality and tourism sector get up again by tapping the pent up demand for holidays, within the country.

Rain pain: Maharashtra stares at water scarcity threat

Rain pain: Maharashtra stares at water scarcity threat

Rediff.com25 Jun 2014

Cabinet sub-committee to review the situation and take necessary steps.

Ex-Lanka Prez gets govt bungalow, special security on return

Ex-Lanka Prez gets govt bungalow, special security on return

Rediff.com3 Sep 2022

The ex-president returned to Sri Lanka on a Singapore Airlines flight.

Lockdown controlled progression of COVID-19: Govt

Lockdown controlled progression of COVID-19: Govt

Rediff.com15 Sep 2020

The states were advised to plan for the requisite number of isolation, oxygen supported and ICU beds based on the prevalent and expected case growth rate. the Ministry of Health and Family Welfare is also monitoring the COVID-19 hospital infrastructure, he said.

Want to have credit score of 750 plus?

Want to have credit score of 750 plus?

Rediff.com7 Mar 2019

An individual with a score above this level will not only enjoy easy access to credit, but will also benefit from lower cost of loans, points out Arun Ramamurthy, founder and director, Credit Sudhaar.

Insurers, MFs worried about impact of Sitharaman's tax 'sop'

Insurers, MFs worried about impact of Sitharaman's tax 'sop'

Rediff.com2 Feb 2020

While the proposed new tax regime is optional for taxpayers, the finance minister has said the government eventually wants to do away with all exemptions with a lower tax-rate simplified structure.

Stocks: 'Third wave will bring near-term challenges'

Stocks: 'Third wave will bring near-term challenges'

Rediff.com23 Aug 2021

'Companies with a strong business case and healthy balance-sheet should sail through and emerge more robust in the future.'

Taking loans to repay card dues is not smart

Taking loans to repay card dues is not smart

Rediff.com7 Oct 2016

Use credit cards with discretion and try to generate a net monthly surplus to avoid falling into a debt trap

Five ways to improve your household budget

Five ways to improve your household budget

Rediff.com29 Feb 2016

Take a moment to consider ways to improve your finances.

Sri Lankan PM agrees to quit amid political turmoil

Sri Lankan PM agrees to quit amid political turmoil

Rediff.com9 Jul 2022

Wickremesinghe will resign after an all-party government is established and the majority is secured in Parliament.

Superseding boards of two Srei cos won't roil markets

Superseding boards of two Srei cos won't roil markets

Rediff.com13 Oct 2021

Superseding the boards of two non-banking financial companies (NBFCs) in the Srei group will neither create liquidity challenges for sound entities, nor build systemic crises because the markets have factored in the problems with the Kolkata-based firms. Such regulatory steps will help in making the NBFC space more robust, bankers and market experts said. The action should have begun earlier because the Reserve Bank of India (RBI) had done a special audit last financial year and asked the group to make provisions for assets considered stressed, analysts said.