News for 'Credit Association'

Not a 150 pitch: Rohit, after Mumbai Indians suffer 4th defeat

Not a 150 pitch: Rohit, after Mumbai Indians suffer 4th defeat

Rediff.com10 Apr 2022

Skipper Rohit Sharma was left shattered after Mumbai Indians suffered their fourth straight defeat, losing to Royal Challengers Bangalore at the Maharashtra Cricket Association Stadium, in Pune, on Saturday.

Maha farmer urges PM to ensure MSP, kills self over onion price crash

Maha farmer urges PM to ensure MSP, kills self over onion price crash

Rediff.com20 Sep 2022

The suicide note also stated about "foul language" used by people associated with a cooperative society and threat by lenders (finance firms), a police officer said on Monday.

Hockey Year Ender 2022: Indian women steal limelight

Hockey Year Ender 2022: Indian women steal limelight

Rediff.com26 Dec 2022

India women claim hockey CWG medal after 16 years

'Hindutva is the language you speak today'

'Hindutva is the language you speak today'

Rediff.com1 Jun 2023

'Education played the most significant role in entrenchment of Hindutva ideology in coastal Karnataka.' 'Teachers of most of the schools, junior colleges, degree colleges and universities are active agents of Hindutva propaganda.'

Centurion Munro credits Kiwi bowlers for Rajkot T20 win

Centurion Munro credits Kiwi bowlers for Rajkot T20 win

Rediff.com5 Nov 2017

Centurion Colin Munro credited New Zealand's "outstanding" bowling attack for the 40-run victory in the second T20 International, in Rajkot, on Saturday, saying dismissing the in-form India openers early was "massive".

Why Investors Must Build Diversified Portfolio

Why Investors Must Build Diversified Portfolio

Rediff.com23 Jan 2023

Rebalance the portfolio at least once a year to ensure it remains in sync with the target asset allocation.

'A $5 trillion economy won't be a dream'

'A $5 trillion economy won't be a dream'

Rediff.com22 Jul 2022

'We have 750 districts across the country, and each district can create one cluster like Tirupur on any product of their choice.' 'This way, we can even have $3 trillion in exports.'

No, Friends is Not The Best Sitcom Ever!

No, Friends is Not The Best Sitcom Ever!

Rediff.com14 Jul 2023

'The pride of the devoted Seinfeld fan is that he happens to love a show that doesn't take his love for granted, so that even on repeat viewings he is never really sure what directions an episode might take,' observes Sreehari Nair.

Housing prices may go up 10-15%

Housing prices may go up 10-15%

Rediff.com28 Mar 2022

Realtors' body CREDAI on Monday said the cost of construction has gone up by 20-25 per cent, mainly during the last 45 days, due to steep rise in prices of raw materials like steel, and builders will be forced to increase property prices from next month by an average 10-15 per cent. CREDAI-MCHI, the Maharashtra chapter of CREDAI, demanded that the central as well as state governments consider giving relief to the industry by reducing stamp duty and GST rates, besides allowing input tax credit (ITC) to developers. The association said it would not advise member developers to stop construction works as of now, but if the price rise continues then builders would have no option but to halt works at project sites and defer purchase of raw materials.

How taxmen will help you file I-T return correctly

How taxmen will help you file I-T return correctly

Rediff.com28 Oct 2021

Now, more pieces of information about your transactions and income, such as remittances received from overseas, will be uploaded in Form 26AS by the income-tax (I-T) department. This will help the taxpayer file I-T return (ITR) correctly and assist the department in detecting discrepancies, if any, in the ITR. Besides foreign remittances, these new items are interest on I-T refund, dividend from mutual funds (MFs), and purchase of MFs, among others.

Rubber Prices, The Church, BJP's Kerala Ambitions

Rubber Prices, The Church, BJP's Kerala Ambitions

Rediff.com10 Apr 2023

With elections elsewhere in India showing that multi-pronged contests usually work to the BJP's favour, the party can gain if it hangs on stubbornly. In the meantime, any additional support helps. That is why the archbishop's comment attracted political traction in Kerala, observes Shyam G Menon.

'Can I buy capital gain bond to get tax rebate?'

'Can I buy capital gain bond to get tax rebate?'

Rediff.com20 Sep 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, a chartered accountants firm that offers consultancy, audit and tax services, will answer your queries.

Aviation Industry Vulnerable To Cyberattacks

Aviation Industry Vulnerable To Cyberattacks

Rediff.com9 Jun 2022

Aviation is a juicy target. It's a 24x7 industry, which cannot afford delays or loss of customer credibility.

National retail trade policy may include insurance plan for traders

National retail trade policy may include insurance plan for traders

Rediff.com10 Jan 2022

The Department for Promotion of Industry and Internal Trade (DPIIT) will soon start public consultation for a national retail trade policy, which is likely to include an insurance scheme aimed at providing financial protection against losses caused by theft, accidents or natural calamities. The policy will also spell out ways to give traders access to low-cost finance, promote digital inclusion, and create necessary infrastructure to support them, a senior government official told Business Standard. This is expected to offer relief especially to traditional traders, who are facing stiff competition from large e-commerce players.

Ranji roundup: Tiwary-Gharami steer Bengal to win

Ranji roundup: Tiwary-Gharami steer Bengal to win

Rediff.com14 Jan 2023

Senior batter Manoj Tiwary combined with the young Sudip Kumar Gharami to steer Bengal to a hardfought seven-wicket win against Baroda to climb to the top of Group A in the Ranji Trophy.

Govt may extend deadline for filing April's GST

Govt may extend deadline for filing April's GST

Rediff.com17 May 2022

As taxpayers face technical glitch on the GST portal, the government on Tuesday said it is considering extending the April tax payment deadline and has directed Infosys for early resolution of the problem. The Central Board of Indirect Taxes and Customs (CBIC) said a technical glitch has been reported by Infosys in generation of April 2022 GSTR-2B and auto-population of GSTR-3B on portal. "Infosys has been directed by Govt for early resolution. Technical team is working to provide GSTR-2B & correct auto-populated GSTR-3B at the earliest," the CBIC tweeted.

Family, friends say goodbye to Warne at private funeral

Family, friends say goodbye to Warne at private funeral

Rediff.com20 Mar 2022

Family, sportspeople and entertainers bid farewell to Australian cricketing legend Shane Warne at a private funeral held at his hometown in Melbourne on Sunday.

Fitch revises India rating outlook to 'stable' from 'negative'

Fitch revises India rating outlook to 'stable' from 'negative'

Rediff.com10 Jun 2022

Fitch Ratings on Friday said it has revised the outlook on India's sovereign rating to 'stable' from 'negative' as downside risks to medium-term growth have diminished on rapid economic recovery. Fitch Ratings kept the rating unchanged at 'BBB-'.

The Only Thing Aparshakti Wants To Change In His Life

The Only Thing Aparshakti Wants To Change In His Life

Rediff.com3 May 2023

'Much as I feel on top of the world after being a part of a special series like Jubilee, I would say my biggest achievement so far has been spreading happiness around.'

From Kargil To Peace Talks, Musharraf's Strange Legacy

From Kargil To Peace Talks, Musharraf's Strange Legacy

Rediff.com9 Feb 2023

Chastened by the Kargil conflict, Pervez Musharraf will be remembered for gradually lowering the profile of terrorism and seeking a realistically negotiated settlement to the issue of Jammu and Kashmir, notes Ambassador G Parthasarathy, who served as India's high commissioner to Pakistan when Musharraf seized power in a coup in October 1999.

Stimulus package for economic revival 'inadequate': Par panel

Stimulus package for economic revival 'inadequate': Par panel

Rediff.com28 Jul 2021

The stimulus package announced by the government for the revival of the pandemic-hit economy has been found to be "inadequate", according to a Parliamentary panel report. The report of the department-related Parliamentary Standing Committee on Industry on the impact of COVID-19 pandemic on micro, small and medium enterprises (MSME) sector has noted that in the process of economic recovery post-first wave of the pandemic, the second wave has even more vigorously ripped the economy particularly the MSME sector. "The committee observes that the stimulus package announced by the government for the economic revival from the pandemic hit economy has been found to be inadequate as the measures adopted were more of loan offering and long-term measures instead of improving the cash flow to generate demand as immediate relief," it said.

Indian PC mkt dips 11.7% in Q3CY22; demand to be slow for next 2 qtrs: IDC

Indian PC mkt dips 11.7% in Q3CY22; demand to be slow for next 2 qtrs: IDC

Rediff.com18 Nov 2022

India's traditional PC market, inclusive of desktops, notebooks, and workstations declined by 11.7 per cent year-on-year (YoY) in Q3CY22 (Jul-Sep) after 8 consecutive quarters of growth despite strong shipments of 3.9 million units, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker. All segments declined except the government, which grew by 91.5 per cent YoY on the back of government orders, leading to strong growth in the third consecutive quarter. While the desktop and workstation categories grew by 23.4 per cent and 17.6 per cent YoY respectively, the notebook category declined by 19.5 per cent YoY.

Profiteering Charges In GST Leave Companies Perplexed

Profiteering Charges In GST Leave Companies Perplexed

Rediff.com13 Jul 2022

Provisions in the Central GST Act say reduction in GST rates or the benefit of ITC must be passed on to consumers.

Planning To Go For Bundled Products?

Planning To Go For Bundled Products?

Rediff.com14 Jul 2022

Bundled products often come with restrictions. The customer also gets locked into two products at the same time. This reduces flexibility.

My father has made me what I am today: Shami

My father has made me what I am today: Shami

Rediff.com28 Dec 2021

Mohammed Shami claimed his 200th Test wicket and completed figures of 5-44 as hosts South Africa were bowled out for 197 on the third day of the first Test.

Uttarakhand polls: BJP's Bisht, Cong's Kapri emerge as giant-killers

Uttarakhand polls: BJP's Bisht, Cong's Kapri emerge as giant-killers

Rediff.com11 Mar 2022

Before forcing arguably the tallest Congress leader from Uttarakhand to bite the dust in the polls to make his maiden entry into the state assembly, Bisht had only won a zila panchayat poll in 2019.

Football's 'Eternal great' Pele passes away

Football's 'Eternal great' Pele passes away

Rediff.com30 Dec 2022

Pele, the legendary Brazilian soccer player who rose from barefoot poverty to become one of the greatest and best-known athletes in modern history, died on Thursday at the age of 82.

GDP likely to grow at 5.8% in Oct-Dec: SBI report

GDP likely to grow at 5.8% in Oct-Dec: SBI report

Rediff.com18 Feb 2022

The country's gross domestic product (GDP) is likely to grow at 5.8 per cent in the third quarter of fiscal 2022, according to an SBI's research report- Ecowrap. The country's economy expanded by 8.4 per cent in the second quarter of 2021-22, to cross pre-pandemic levels. However, the GDP growth in July-September period was slower than the 20.1 per cent expansion in the previous quarter.

Survey exhorts rating agencies to be more transparent

Survey exhorts rating agencies to be more transparent

Rediff.com29 Jan 2021

India's sovereign credit ratings do not reflect the economy's fundamentals, the Economic Survey said on Friday and nudged the global agencies to become more transparent and less subjective in their ratings. The Economic Survey 2020-21, tabled in Parliament, said that sovereign credit ratings methodology must be amended to reflect economies' ability and willingness to pay their debt obligations, and suggested that developing economies must come together to address this bias and subjectivity inherent in sovereign credit ratings methodology. "Never in the history of sovereign credit ratings has the fifth largest economy in the world been rated as the lowest rung of the investment-grade (BBB-/Baa3). While sovereign credit ratings do not reflect the Indian economy's fundamentals, noisy, opaque and biased credit ratings damage FPI flows," the survey said.

RBL's chief tries to allay concerns on bank's health

RBL's chief tries to allay concerns on bank's health

Rediff.com27 Dec 2021

RBL Bank's interim chief executive officer (CEO) and managing director (MD) Rajeev Ahuja on Sunday tried to allay concerns around the health of the bank. He said events during the weekend are not linked to RBL's asset quality. The bank said Vishwavir Ahuja, its managing director (MD) and chief executive officer (CEO), had on Saturday proceeded on leave with immediate effect on medical grounds.

Diwali extravaganza for buy-now, pay-later biz

Diwali extravaganza for buy-now, pay-later biz

Rediff.com17 Nov 2021

The 'buy-now, pay-later' (BNPL) juggernaut continued to roll on during the festive season with multiple players seeing disbursals grow by more than 100 per cent compared to Diwali last year. LazyPay, the BNPL platform of Prosus-owned payments major PayU, witnessed a credit demand increase of 300 per cent over the festive season last year, especially in segments like travel, food & beverages and entertainment. "We also saw an uptick of 70 per cent in user acquisition in the last two months.

Want To Be An Investment Banker?

Want To Be An Investment Banker?

Rediff.com7 Apr 2022

2022 is shaping up as the year brimming with job opportunities for people who possess relevant skillsets. Therefore, it is crucial for fresh graduates and young professionals to enroll in relevant certification courses to add more feathers to their introductory portfolio

Major PSU banks to go live on account aggregator system by July-end

Major PSU banks to go live on account aggregator system by July-end

Rediff.com21 Jul 2022

After the finance minister directed public sector banks to join the account aggregator (AA) ecosystem, 5-6 major ones, including State Bank of India (SBI) and Bank of Baroda are expected to go live by July-end. Sahmati, an industry alliance for the AA ecosystem, has been working with PSU banks to get them onboarded for quite some time now. So far, Union Bank of India and Punjab National Bank (PNB) have gone live on the AA ecosystem. While Union Bank has been live for a while, PNB went live earlier this month.

Little fiscal headroom for govt to respond to future shocks: Fitch

Little fiscal headroom for govt to respond to future shocks: Fitch

Rediff.com8 Feb 2022

Fitch Ratings on Monday cautioned that the Indian government has little fiscal headroom at its disposal to respond to possible shocks to growth given the country's lowest investment grade credit rating with a negative outlook. "India's public debt/GDP ratio, at about 87 per cent in FY21, is well above the median of around 60% for 'BBB' rated sovereigns. "We revised the Outlook on India's rating to Negative, from Stable, in June 2020, partly owing to our assumptions about the impact of the pandemic on public finance metrics. "The government has little fiscal headroom at its current rating level to respond to possible shocks to growth," it said in a report.

Dream to represent India has been fulfilled: Avesh Khan

Dream to represent India has been fulfilled: Avesh Khan

Rediff.com10 Nov 2021

Madhya Pradesh pacer Avesh Khan, who earned a national call-up for the T20 series against New Zealand on Wednesday said that his dream to represent the country has been fulfilled.

Rookie Jayant credits Ashwin for his rise

Rookie Jayant credits Ashwin for his rise

Rediff.com19 Nov 2016

Ravichandran Ashwin has played a big role in grooming Jayant Yadav and the debutant profusely thanked India's star spinner for his impressive debut in the second Cricket Test against England on Visakhapatnam.

1% GST in cash for cos earning over Rs 50 lakh

1% GST in cash for cos earning over Rs 50 lakh

Rediff.com23 Dec 2020

Businesses with monthly turnover of over Rs 50 lakh will have to mandatorily pay at least 1 per cent of their GST liability in cash, the finance ministry said as it moved to curb evasion by fake invoicing. The Central Board of Indirect Taxes and Customs (CBIC) has introduced Rule 86B in Goods and Services Tax (GST) rules which restricts use of input tax credit (ITC) for discharging GST liability to 99 per cent. "... The registered person shall not use the amount available in electronic credit ledger to discharge his liability towards output tax in excess of 99 per cent of tax liability, in cases where the value of taxable supply ... in a month exceeds Rs 50 lakh," the CBIC said.

CBI books 7 in connection with alleged fixing, betting in IPL 2019

CBI books 7 in connection with alleged fixing, betting in IPL 2019

Rediff.com14 May 2022

The CBI has booked seven suspected punters in connection with two separate cases related to alleged fixing of matches in IPL 2019 "based on inputs" from Pakistan, officials said on Saturday.

Global economic uncertainties may cast shadow on India's exports in 2023

Global economic uncertainties may cast shadow on India's exports in 2023

Rediff.com23 Dec 2022

India's exports may have touched an all-time high of $422 billion in 2021-22 but recession in key western markets and geo-political crisis due to the Russia-Ukraine war are expected to impact the growth of the country's outbound shipments in 2023. All the global trade promoting factors like political stability, movement of goods, adequate availability of containers and shipping lines, demand, stable currency and smooth banking systems are in disarray. Adding to the woes, COVID cases have again started rising in countries like China, Japan, South Korea and the US.

GST filing rules will change from Sep 1

GST filing rules will change from Sep 1

Rediff.com27 Aug 2021

Businesses that have not filed GSTR-3B returns in the preceding two months will not be able to file details of outward supplies in GSTR-1 from September 1, GSTN has said. While businesses file GSTR-1 of a particular month by the 11th day of the subsequent month, GSTR-3B, through which businesses pay taxes, is filed in a staggered manner between 20th-24th day of the succeeding month. In an advisory to taxpayers, GSTN, which manages the technology backbone for Goods and Services Tax, said that Rule-59(6) of Central GST Rules which provides for restriction in filing of GSTR-1, will come into effect from September 1, 2021.