News for 'Credit Association'

Meet NDA's Vice President nominee Jagdeep Dhankhar

Meet NDA's Vice President nominee Jagdeep Dhankhar

Rediff.com16 Jul 2022

The 71-year-old Dhankhar has been a noted lawyer, was instrumental in getting Other Backward Class status for Jats in Rajasthan and loves to beat his own cappuccino desi-style.

Home prices set for steep 6-10% jump this fiscal

Home prices set for steep 6-10% jump this fiscal

Rediff.com15 Dec 2022

Home prices across the top six cities are set to jump 6-10 per cent this fiscal and 3-5 per cent in the next financial year because of a steep rise in raw material, labour and land costs, and relatively favourable demand-supply dynamics, a report said on Thursday. The report by Crisil also said large residential realtors are on course to log a robust 25 per cent sales growth in 2022-23 and 10-15 per cent in the next fiscal. The unsold inventory level is down to 2.5 years from four years pre-pandemic, and this has credit profile of the large realtors strengthening, the report said.

Leave Encashment: What You Must Know

Leave Encashment: What You Must Know

Rediff.com17 Feb 2023

'The number of leave accumulated sometimes goes up to 300.' 'The encashed amount is equivalent to almost 10 months' salary.'

Will Financial Stress Break The Global Economy?

Will Financial Stress Break The Global Economy?

Rediff.com4 Apr 2023

What's different this time is that global financial stress -- which has its genesis in four policy choices made in recent years -- is juxtaposed with a more resilient real economy, observes Sajjid Z Chinoy, chief India economist at J P Morgan.

The A-W Of Desi Guests At the White House Dinner

The A-W Of Desi Guests At the White House Dinner

Rediff.com24 Jun 2023

The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.

Canada court orders seizure of Air India, AAI assets over dues

Canada court orders seizure of Air India, AAI assets over dues

Rediff.com4 Jan 2022

A court in Canada has ordered the seizure of amounts collected by the International Air Transport Association (IATA) on behalf of Air India and the Airports Authority of India (AAI). Separate orders were passed on November 24 and December 21 on pleas by shareholders of Devas Multimedia Private Limited who have filed multiple petitions to enforce arbitration awards against the Indian government. According to a Devas spokesperson, more than $30 million has been seized to date under the IATA action.

National interest must guide your every decision, Modi tells bureaucrats

National interest must guide your every decision, Modi tells bureaucrats

Rediff.com21 Apr 2023

Prime Minister Narendra Modi on Friday urged bureaucrats to make national interest the sole basis of their every decision, saying the country has put its faith in them and they must uphold that trust.

Planning For Digital Loan? Read This

Planning For Digital Loan? Read This

Rediff.com18 Oct 2022

Borrowers should be careful if the app promises too-quick disbursal, and doesn't provide adequate information on the terms of the loan, such as interest rate, repayment schedule, etc.

India's game plan ensures comfortable win in 2nd ODI

India's game plan ensures comfortable win in 2nd ODI

Rediff.com10 Oct 2022

Man of the Match for his 113 not out off 111 balls, Shreyas Iyer said, "I am ecstatic. When I went in to bat, I spoke to Ishan and he was of the mindset to take on the bowlers. So we decided to play the ball on merit and see how it goes.

'Nari shakti', festivals, spirituality themes of this year's states' tableaux

'Nari shakti', festivals, spirituality themes of this year's states' tableaux

Rediff.com26 Jan 2023

"Nari shakti" and women empowerment dominated the theme of tableaux of Kerala, Karnataka, Tamil Nadu, Maharashtra and Tripura at the Republic Day parade here on Thursday.

Common man bogged down by corruption, remarks SC in case to debar criminal MPs

Common man bogged down by corruption, remarks SC in case to debar criminal MPs

Rediff.com24 Feb 2023

The common man in India is bogged down by corruption and there is a need to fix accountability at all levels, the Supreme Court observed on Friday as it dealt with a petition seeking debarment of those against whom charges have been framed in criminal cases from contesting elections.

Tendulkar, PM Modi hail PV Sindhu

Tendulkar, PM Modi hail PV Sindhu

Rediff.com17 Jul 2022

'Your attitude and spirit to win every game is something that inspires everyone'

Want To Rent Your Place? Read This

Want To Rent Your Place? Read This

Rediff.com3 Feb 2023

Don't download a rent agreement from the Internet or sign blindly on one prepared by the broker.

Banks wrote off NPAs over 10 lakh crore in last 5 financial years: FM

Banks wrote off NPAs over 10 lakh crore in last 5 financial years: FM

Rediff.com13 Dec 2022

Banks have written off bad loans worth Rs 10,09,511 crore during the last five financial years, finance minister Nirmala Sitharaman informed Parliament on Tuesday. The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance sheet of the bank concerned by way of write-off, she said in a reply to Rajya Sabha. "Banks write off NPAs as part of their regular exercise to clean up their balance sheet, avail tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards.

Bishnoi joins BJP, lauds Modi as India's best PM

Bishnoi joins BJP, lauds Modi as India's best PM

Rediff.com4 Aug 2022

Former Haryana Congress leader Kuldeep Bishnoi joined the Bharatiya Janata Party on Thursday along with his wife Renuka Bishnoi here in the presence of senior party leaders, including state Chief Minister Manohar Lal Khattar.

What's Soccer Legend Johan Neeskens Doing In Mumbai?

What's Soccer Legend Johan Neeskens Doing In Mumbai?

Rediff.com23 Aug 2022

Johan Neeskens, one of the finest midfielders football has seen, is in Mumbai this week in connection with the World Coaches Programme.

You need to be slightly unorthodox to score in India: Rohit

You need to be slightly unorthodox to score in India: Rohit

Rediff.com11 Feb 2023

India captain Rohit Sharma said application and planning are important for succeeding on spin-friendly sub-continent wickets.

CWG 2022: Lovlina's coach Sandhya receives accreditation

CWG 2022: Lovlina's coach Sandhya receives accreditation

Rediff.com26 Jul 2022

Lovlina Borgohain's personal coach Sandhya Gurung on Tuesday received her accreditation for the Commonwealth Games, a day after the Olympic bronze medallist claimed her preparation for the event was getting affected due to "continuous harassment" of her coaches.

GST Council may consider changes in monthly payment form

GST Council may consider changes in monthly payment form

Rediff.com24 Jun 2022

The GST Council in its meeting next week is likely to consider a proposal for making changes in the monthly tax payment form -- GSTR-3B, which would include auto-population of outward supplies from sales return and non-editable tax payment table, officials said. The move would help curb the menace of fake billing, whereby sellers would show higher sales in GSTR-1 to enable purchasers to claim input tax credit (ITC), but report suppressed sales in GSTR-3B to lower GST liability. Currently, GSTR-3B of a taxpayer includes auto drafted input tax credit (ITC) statements based on inward and outward B2B supplies and also red flags any mismatch between GSTR-1 and 3B.

JD-U nominates Nitish Kumar's trusted aide Anil Hegde to RS

JD-U nominates Nitish Kumar's trusted aide Anil Hegde to RS

Rediff.com16 May 2022

Bihar Chief Minister Nitish Kumar's Janata Dal-United on Monday announced its low-profile top office-bearer Anil Hegde as its candidate for the by-election to a Rajya Sabha seat which has been necessitated by the death of multiple-term MP, King Mahendra.

'Why should my wife pay Rs 5,000 tax for no mistake of hers?'

'Why should my wife pay Rs 5,000 tax for no mistake of hers?'

Rediff.com20 Oct 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.

Missed ITR Deadline? Here's HELP!

Missed ITR Deadline? Here's HELP!

Rediff.com12 Aug 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.

Include Value Funds In Your Portfolio

Include Value Funds In Your Portfolio

Rediff.com20 Jan 2023

Don't exit from growth-style funds as they may benefit next from a shift in investor preference.

How RBI's bar on Mastercard impacts Indian banks

How RBI's bar on Mastercard impacts Indian banks

Rediff.com16 Jul 2021

The Reserve Bank of India's (RBI's) move to ban Mastercard from issuing new cards for not complying with the local data storage guidelines may hit five private banks, a non-bank lender, and a major card-issuing company. The impact is expected to be felt for a few months as these players transition to other card networks. According to Nomura Research, RBL Bank, YES Bank, and Bajaj Finserv are the ones most impacted by the ban as all their credit card schemes are allied to Mastercard. Among others, IndusInd Bank, Axis Bank and ICICI Bank have 35-40 per cent of their credit card schemes tied to Mastercard, the report said.

T20 WC PIX: Pakistan keep semis hopes alive with win over Netherlands

T20 WC PIX: Pakistan keep semis hopes alive with win over Netherlands

Rediff.com30 Oct 2022

Images from the T20 World Cup Super 12 match between Pakistan and Netherlands, in Perth, on Sunday

IndiGo set to lease wide-body Boeings soon

IndiGo set to lease wide-body Boeings soon

Rediff.com12 Oct 2022

For the first time, the country's largest airline IndiGo will soon lease up to four wide-body Boeing 777 planes to cover the shortfall in its international operations, according to officials. The airline said the wet-leasing of "certain aircraft" will be done as an interim measure. IndiGo, which has so far only been operating narrow-body Airbus planes, ATRs and freighters, will now be having wide-body aircraft in its fleet.

Battle royal in offing as Bengal-Saurashtra clash in Ranji final

Battle royal in offing as Bengal-Saurashtra clash in Ranji final

Rediff.com15 Feb 2023

A red-hot Bengal will have a chance to win their first Ranji Trophy title in 33 years when they face Saurashtra, bolstered by the return of pacer and domestic game heavyweight Jaydev Unadkat, in the summit clash in Kolkata from Thursday.

ASK MIHIR: 'Can NPS get extra tax benefit for me?'

ASK MIHIR: 'Can NPS get extra tax benefit for me?'

Rediff.com6 Sep 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your income tax queries.

ASK MIHIR: 'Will I have to pay double income tax?'

ASK MIHIR: 'Will I have to pay double income tax?'

Rediff.com7 Sep 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your income tax queries.

The School By the Sea

The School By the Sea

Rediff.com13 Feb 2023

The school was run on strict Gandhian lines, with stress on students doing things themselves. Physical comforts were minimal, in keeping with the relatively backward geographical area. But it had a staff of teachers dedicated to educating their students, not just imparting them book-learning, remembers Shreekant Sambrani.

S&P upgrades five Tata group companies

S&P upgrades five Tata group companies

Rediff.com21 Oct 2021

S&P Global Ratings on Thursday upgraded ratings of five companies of the Tata group including Tata Steel, Tata Motors and Jaguar Land Rover (JLR) reflecting its reassessment of the ongoing influence and the potential for 'extraordinary financial support' from the parent, Tata Sons. Under the revised exercise, S&P Global said ratings on Tata Steel Ltd and its 100 per cent-owned financing subsidiary ABJA Investment Co Pte Ltd have been upgraded to 'BBB-' from 'BB' with stable outlook. Similarly, Tata Motors Ltd and its wholly-owned arm TML Holdings Pte Ltd have been upgraded to 'BB-' from 'B' ratings with stable outlook.

Why We Need Professional Investment Advisors

Why We Need Professional Investment Advisors

Rediff.com30 Dec 2022

When we are unwell, we consult a doctor, take a prescription, and then buy medicines from a chemist. In finance, too, it is best to keep investment advice and product purchase separate, suggests Bindisha Sarang.

$12 bn bonanza for govt from windfall tax on oil firms

$12 bn bonanza for govt from windfall tax on oil firms

Rediff.com5 Jul 2022

The windfall taxes on domestic crude oil production and fuel exports will generate close to $12 billion (Rs 94,800 crore) for the government in the remainder of the current fiscal while trimming profits of firms such as Reliance Industries Ltd and ONGC, Moody's Investors Service said Tuesday. On July 1, the government imposed windfall gain taxes on the export of petrol, diesel and aviation turbine fuel (ATF), and on the domestic production of crude oil. It has also mandated exporters to meet the requirements of the domestic market first.

Credit cards with a heart!

Credit cards with a heart!

Rediff.com29 Mar 2005

Buoyed by increasing minority support in NE, Modi now sets eyes on Kerala

Buoyed by increasing minority support in NE, Modi now sets eyes on Kerala

Rediff.com3 Mar 2023

Modi hit out at the Congress for its president Mallikarjun Kharge's attempt to play down his party's poor show in the polls by describing it as "small state elections".

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.

Tokyo gold winners to get Rs 75 lakh from IOA

Tokyo gold winners to get Rs 75 lakh from IOA

Rediff.com23 Jul 2021

IOA also said that the member State Olympic Associations "will also receive a sum of Rs 15 lakh each, as a contribution from IOA towards developing sports infrastructure in the states and in encouraging more athletes to take up sports."

If You Live On Rent, You Have To Pay TDS

If You Live On Rent, You Have To Pay TDS

Rediff.com21 Mar 2022

'Tenants who pay rent above the threshold limit must be extra cautious about TDS fillings.'

Lessons For Banks To Learn From SVB Collapse

Lessons For Banks To Learn From SVB Collapse

Rediff.com5 Apr 2023

The difference between what the banks play in the US and India is not that of soccer and football but rugby and football. SVB also has a unique character. But when risks are mispriced, the fallout could be very similar, points out Tamal Bandyopadhyay.

Top Performer: Anuj Rawat's Top Class 50

Top Performer: Anuj Rawat's Top Class 50

Rediff.com10 Apr 2022

The Player of the Match scored 66 off 47 balls with a strike rate of 140.42, including six sixes and two fours.