News for 'Credit Association'

The Girl Who Flew Across The World

The Girl Who Flew Across The World

Rediff.com18 Aug 2022

'I've always wanted to be a pilot; setting records is the icing on the cake.'

'Perhaps they want MSMEs to die'

'Perhaps they want MSMEs to die'

Rediff.com24 Mar 2022

'The finance minister said, the MSME is the backbone of the economy. My question is, what have you done for the sector?'

Harbhajan credits Sachin, Sourav for 'playing big role' in career

Harbhajan credits Sachin, Sourav for 'playing big role' in career

Rediff.com9 Apr 2015

World Cup winning off-spinner Harbhajan Singh has admitted that he owes his success to the golden generation of Indian cricketers and said he was lucky to play under the likes of Sachin Tendulkar, Sourav Ganguly, VVS Laxman, Rahul Dravid and Anil Kumble.

Prannoy apologises to BAI over Arjuna Award row

Prannoy apologises to BAI over Arjuna Award row

Rediff.com23 Jun 2020

BAI General Secretary Ajay Singhania said that BAI is in receipt of the letter from the shuttler.

FinMin asks states to vaccinate bank, insurance staff on priority

FinMin asks states to vaccinate bank, insurance staff on priority

Rediff.com14 May 2021

The finance ministry on Friday asked state governments to accord priority to employees of banks and insurance companies for Covid-19 vaccination, saying they are exposed to high risks during these difficult times.

Women footballers up for goals, but lack support off-field

Women footballers up for goals, but lack support off-field

Rediff.com24 Jan 2022

The view is that the attention on the national team is fleeting, incidental and dependent on the results they produce.

New recurring payment norms: 4 weeks later, people still face disruptions

New recurring payment norms: 4 weeks later, people still face disruptions

Rediff.com28 Oct 2021

More than three weeks have passed since the Reserve Bank of India's (RBI's) new guidelines on e-mandates for recurring payments came into effect but consumers are still taking to social media platforms to complain about the disruptions they are facing. This comes as most stakeholders in the ecosystem have not put in place systems in accordance with the new rules, resulting in many transactions not going through. Industry sources said most banks are still not ready, especially the smaller ones.

Sebi plans stress tests, liquid holdings for debt MFs

Sebi plans stress tests, liquid holdings for debt MFs

Rediff.com23 Sep 2020

This is aimed at improving liquidity in all schemes and would help them to meet sudden redemption pressures, said Sebi chairman Ajay Tyagi.

Former India player Rao retires from cricket

Former India player Rao retires from cricket

Rediff.com30 Jul 2019

The 37-year-old represented India in 16 ODIs, and also featured in 65 IPL matches for Deccan Chargers and Sunrisers Hyderabad.

Peng Shuai appears in Beijing, WTA not reassured

Peng Shuai appears in Beijing, WTA not reassured

Rediff.com21 Nov 2021

Chinese tennis star Peng Shuai, whose whereabouts have been a matter of international concern for weeks, attended a tennis tournament in Beijing on Sunday.

Third Wave: Be Financially Prepared!

Third Wave: Be Financially Prepared!

Rediff.com28 Jul 2021

Postpone the purchase of big-ticket consumer durable items, recreational spending on holidays, and other such expenses unless your financial position is very secure, advises Sarbajeet K Sen.

Why India's exports are likely to fly high in New Year

Why India's exports are likely to fly high in New Year

Rediff.com19 Dec 2021

After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts. Expectations of positive growth in the country's exports are also backed up by the outlook of the World Trade Organisation (WTO) which predicts a 4.7 per cent expansion in the global merchandise trade volume in 2022. Exporters believe that the outbound shipments would cross $400 billion mark in this fiscal going by the current momentum and may reach $475 billion in 2022-23.

'What happened in Kolkata to trigger a massive heart attack?'

'What happened in Kolkata to trigger a massive heart attack?'

Rediff.com2 Jun 2022

'I still can't process that he is gone. It feels like a bad dream.'

Langer inducted into Australian cricket Hall of Fame

Langer inducted into Australian cricket Hall of Fame

Rediff.com27 Jan 2022

Raelee Thompson too honoured

A Last Christmas for Santha Bakery

A Last Christmas for Santha Bakery

Rediff.com27 Oct 2022

December 2022 could be the last Christmas for Santha Bakery, a business drawing its lineage from the first Christmas cake baked in Kerala.

MFs plan to launch a slew of FMPs as bond yields increase

MFs plan to launch a slew of FMPs as bond yields increase

Rediff.com8 Apr 2021

An additional factor spurring the FMP launches is MFs' desire to retain investors as many such offerings are set to mature over the next two months.

Challenges that Dinesh Khara, the new SBI chief faces

Challenges that Dinesh Khara, the new SBI chief faces

Rediff.com8 Sep 2020

Relations with the government, the bank's majority owner, are a tricky issue for all SBI chiefs, and, like all his predecessors, Khara will be closely watched for his equations with the finance ministry representative on the SBI board.

PayU buys BillDesk for $4.7 bn in one of largest Indian fintech deals

PayU buys BillDesk for $4.7 bn in one of largest Indian fintech deals

Rediff.com1 Sep 2021

Prosus-backed fintech firm PayU is set to acquire India's earliest payment gateway BillDesk in an all-cash transaction of $4.7 billion. This will be the largest acquisition in India's digital payments space. The deal will also give exit to investors General Atlantic, TA Associates, Temasek, Clearstone Ventures, and Visa. The proposed acquisition will help PayU, the payments and fintech business of Prosus which operates in more than 20 markets, become one of the leading online payment providers globally by total payment volume (TPV).

Should India Inc get licence to operate banks? RBI still undecided

Should India Inc get licence to operate banks? RBI still undecided

Rediff.com16 Dec 2021

Reserve Bank of India (RBI) deputy governor M Rajeshwar Rao on Wednesday defended the central bank's decision of not allowing industrial houses to float banks, and said more deliberations are needed before RBI changes its stance on this issue agreed back in 2001. An internal working group (IWG) of the RBI had recommended allowing industrial groups into banking, but late last month the RBI said it kept on hold the two recommendations of allowing industrial houses and large non-banks to float banks. However, RBI had accepted 21 of the 33 recommendations of the group that submitted its report a year ago.

Kolkata's Durga Puja gets Unesco's heritage tag, Bengal ecstatic

Kolkata's Durga Puja gets Unesco's heritage tag, Bengal ecstatic

Rediff.com15 Dec 2021

Unesco on Wednesday accorded heritage status to Kolkata's Durga puja festival, bringing glory to the country, with Prime Minister Narendra Modi and Chief Minister Mamata Banerjee lauding the move.

Why former women's hockey coach Marine's salary was withheld

Why former women's hockey coach Marine's salary was withheld

Rediff.com3 Nov 2021

Former women's hockey team chief coach Sjoerd Marijne's 'full and final' salary was stopped on the recommendations of Hockey India after he was denied a 'No Objection Certificate' for failing to return his official laptop, which, according to the Dutchman, is on its way to India now.

US court rejects Nirav Modi's plea against fraud charges

US court rejects Nirav Modi's plea against fraud charges

Rediff.com19 Oct 2021

In a major blow to Nirav Modi, a bankruptcy court in the US has rejected a petition of the fugitive diamond merchant and two of his associates, seeking dismissal of fraud allegations against them by the trustee of three companies they previously owned indirectly.

Debt profile worsens for V G Siddhartha's unlisted private companies

Debt profile worsens for V G Siddhartha's unlisted private companies

Rediff.com1 Aug 2019

The financials of six privately held companies associated with Siddhartha show an increase in debt and falling ability to meet short-term obligations.

'I have an issue with my father. Pls help'

'I have an issue with my father. Pls help'

Rediff.com14 Dec 2022

In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.

Why MFIs could end up losing Rs 1,500 cr

Why MFIs could end up losing Rs 1,500 cr

Rediff.com17 Jun 2020

Industry fears waiver of interest on interest would distort credit culture, may encourage borrowers who can pay to defer repayment.

Meet SBI's new boss

Meet SBI's new boss

Rediff.com15 Oct 2020

DDinesh Kumar Khara is someone who cares for others's ideas and suggestions.
If he takes the people along with him (which he always does); cares for the customers (80 per cent of SBI's new customers are in the 20-40 age group); and doesn't take his eyes off technology, his job is done, says Tamal Bandyopadhyay.

Urban Company tries to soothe frayed nerves of women partners

Urban Company tries to soothe frayed nerves of women partners

Rediff.com15 Oct 2021

Urban Company, the home services firm, announced a 12-point programme on Thursday to improve partner earnings and livelihood for all partners on its platform in India. The announcement comes after most women partners on the platform staged a protest last Friday, demanding better layouts and safer working conditions. Among the provisions in the 12-point programme are reduction of highest commissions in the beauty category, in which most of Urban Company's female partners work.

'Jalsa changed things for me'

'Jalsa changed things for me'

Rediff.com6 Apr 2022

'I have wanted to act since I was seven. I wasn't confident enough.' 'I thought I didn't have the face, the body and the figure because back then, it was all about the body.' 'Now, the industry is changing.' 'People are noticing talent.' 'It has become more than someone just having a good body.'

India's economy to suffer record contraction in 2020-21: S&P

India's economy to suffer record contraction in 2020-21: S&P

Rediff.com25 Sep 2020

Observing that India's worsening COVID-19 situation and the strict measures to contain it have hit the economy hard, the rating agency said productive capacity has been severely disrupted since the start of the pandemic.

'Independence came early because of the Naval Mutiny'

'Independence came early because of the Naval Mutiny'

Rediff.com8 Apr 2022

'These naval sailors should have been given due respect as freedom fighters.' 'February 18, 1946 should be as important as January 26 because that date changed everything.'

Ask ANU: 'My mother-in-law taunts me for no reason'

Ask ANU: 'My mother-in-law taunts me for no reason'

Rediff.com16 Nov 2022

In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.

Multi-agency group to probe Indian names in 'Pandora Papers'

Multi-agency group to probe Indian names in 'Pandora Papers'

Rediff.com4 Oct 2021

The government will investigate every Indian name appearing in an unprecedented leak of financial records, known as the 'Pandora Papers', which alleged that many world leaders have secret offshore stores of wealth.

Remembering The Yatris Before Rahul

Remembering The Yatris Before Rahul

Rediff.com21 Sep 2022

The ultimate consequences of Rahul Gandhi's yatra may be known only in 2024, points out Dr Sudhir Bisht.

IPOs: Over 60 SMEs likely to tap the market in 1 year

IPOs: Over 60 SMEs likely to tap the market in 1 year

Rediff.com26 May 2021

More than 60 small and medium enterprises (SMEs) are expected to tap the market in one year to raise equity funds for supporting their business requirements, a BSE top official said on Wednesday. These companies will get listed on the exchange's SME platform, Ajay Thakur, head of BSE SME and Startup told PTI. Last year, only 16 SMEs had tapped the initial public offering (IPO) route and raised Rs 100 crore.

New Interest Regime: Both Customers And Banks To Feel Pain

New Interest Regime: Both Customers And Banks To Feel Pain

Rediff.com29 Jun 2022

Shifting to floating rate deposits can work as an anaesthetic gel for some customers, points out Tamal Bandyopadhyay.

Draft ecommerce policy to ensure goods sold online meet standards

Draft ecommerce policy to ensure goods sold online meet standards

Rediff.com15 Mar 2021

Conformity assessment procedures will be put in place to verify that goods and services sold on e-commerce platforms meet required standards and technical regulations, according to the draft e-commerce policy. The policy, which is under discussion, also stated that actions and things which cannot be done by the online platform entities "can also not be done" by any of its associates and related parties. Government may, from time to time, notify parties which fall in the definition of associates and related parties, it said.

Realtors have time till May 10 to opt for old GST rates

Realtors have time till May 10 to opt for old GST rates

Rediff.com2 Apr 2019

The GST Council had given the option to real estate companies to either opt for old rates of 12% (for residential) and 8 per cent (affordable housing) with ITC benefits or the new tax rates of 5% for residential units and 1% for affordable housing without the benefit of adjusting the credit on inputs used during construction.

'India is so proud of you, Sindhu!'

'India is so proud of you, Sindhu!'

Rediff.com1 Aug 2021

Congratulatory messages pour in for badminton superstar PV Sindhu on winning her second Olympic medal on Sunday.

Sebi's latest diktat may slow down NFO gravy train

Sebi's latest diktat may slow down NFO gravy train

Rediff.com9 Jul 2021

The Securities and Exchange Board of India's move directing asset management companies (AMCs) to invest more in their new fund offerings (NFOs) could force the industry to go slow on new product launches. At present, AMCs have to invest one per cent of the amount raised during a NFO or Rs 50 lakh, whichever is less.

Explained: How service sector gained and govt actually lost revenue post GST

Explained: How service sector gained and govt actually lost revenue post GST

Rediff.com10 May 2019

Across 10 prominent services, revenue to the government reduced by 20 per cent in the first year of GST compared to the last year of the service tax regime. This happened despite tax liability against these services growing by 50 per cent in one year.