News for 'Department for Business'

Why Are Bankers Committing Suicide?

Why Are Bankers Committing Suicide?

Rediff.com13 Aug 2025

In the past 10 years, over 500 PSB officers have died by suicide. When targets are overwhelming, senior management and customers are both impatient, and there is constant fear, not every banker has the resilience to survive and thrive, warns Tamal Bandyopadhyay.

How Monsoon 2025 Turned Into A Nightmare

How Monsoon 2025 Turned Into A Nightmare

Rediff.com15 Sep 2025

IMD data shows in the 24 hours between September 1 and 2, Haryana received 806 per cent more rainfall than normal, Punjab 759 per cent, Himachal Pradesh 510 per cent, Delhi 740 per cent, Chandigarh a staggering 1,638 per cent, and Rajasthan 193 per cent.

States Seek Centre's Help To Deal With Trump's Tariffs

States Seek Centre's Help To Deal With Trump's Tariffs

Rediff.com2 Sep 2025

State governments have requested the Centre for export incentives, lifting of import duty in the case of cotton for the textile sector and GST exemptions.

'Can We In Our Businesses Set An Example?'

'Can We In Our Businesses Set An Example?'

Rediff.com10 Oct 2024

'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'

US policy towards India takes 'unfortunate turn', says Kaushik Basu

US policy towards India takes 'unfortunate turn', says Kaushik Basu

Rediff.com31 Jul 2025

Former World Bank Chief Economist Kaushik Basu on Thursday said the US economic policy towards India has taken an unfortunate turn, noting that President Donald Trump's harsh stance against New Delhi appears baffling. US President Donald Trump on Wednesday announced a 25 per cent tariff on Indian goods from August 1, amid signs of a stalemate in the ongoing bilateral trade negotiations between the two countries.

Adani Group to invest $5-20 bn over next 5 years

Adani Group to invest $5-20 bn over next 5 years

Rediff.com24 Jun 2025

The Adani Group plans to invest a record $15-20 billion across businesses over the next five years to chart out the next phase of growth, chairman Gautam Adani said on Tuesday as he touted the conglomerate's strong balance sheet and robust business to shrug off relentless scrutiny it faces. Record earnings from the businesses ranging from seaports to airports, renewable energy parks to data centres, cement to gas and electricity has built India's largest infrastructure group that not only exists just to serve the markets but to serve the nation's destiny, he said.

How Kerala Aims to Be India's First Poverty Free State

How Kerala Aims to Be India's First Poverty Free State

Rediff.com14 Jul 2025

Despite facing financial constraints, Kerala has been able to invest in welfare schemes and targeted programmes.

'Have Modi And Trump Fallen Out?'

'Have Modi And Trump Fallen Out?'

Rediff.com20 Aug 2025

'We should watch -- in the near term -- for signs that the two have totally fallen out at a personal, political level.' 'Trump and Modi know how to be dealmakers, but they also know how to hold a grudge.'

India Needs More Minds Like Suhas & Anjan

India Needs More Minds Like Suhas & Anjan

Rediff.com10 Jul 2025

These are 'hidden champions' of strategic research and innovation. They are worthy of emulation within Indian industry, and maybe even a Padma!, notes R Gopalakrishnan.

Fake Invoices: Beware! IT Reopens Old Assessments

Fake Invoices: Beware! IT Reopens Old Assessments

Rediff.com19 Apr 2025

These cases are being reopened under Section 147 of the Income Tax Act, which empowers the department to reassess income if it believes that taxable income has escaped assessment.

'China Is Competing In A Space Where India Was Dominant'

'China Is Competing In A Space Where India Was Dominant'

Rediff.com19 Aug 2025

'These efforts by Beijing can be weaponised one day with economic, security and political implications for India.'

India projected to grow 6.4% in 2025 & 2026: IMF

India projected to grow 6.4% in 2025 & 2026: IMF

Rediff.com30 Jul 2025

India is projected to grow at 6.4 per cent in fiscal year 2025 and 2026, and the country's stable growth is driven by a reform momentum supporting robust consumption growth and a push for public investment, the International Monetary Fund has said. The IMF released its World Economic Outlook (WEO) Update on Tuesday.

India's net direct tax receipts down 1.3%, corporate taxes slip 3.7%

India's net direct tax receipts down 1.3%, corporate taxes slip 3.7%

Rediff.com12 Jul 2025

India's net direct tax collections contracted 1.3 per cent to about 5.63 trillion as of July 10, with corporate taxes dropping 3.7 per cent and non-corporate taxes recording a fractional 0.04 per cent contraction, Income Tax department data released on Friday revealed.

Don't know...: Trump on India citing US trade with Russia

Don't know...: Trump on India citing US trade with Russia

Rediff.com6 Aug 2025

President Trump addresses questions about US imports from Russia and India's stance on purchasing Russian oil, hinting at potential tariffs.

Don't Want IT Notice? Read This NOW!

Don't Want IT Notice? Read This NOW!

Rediff.com10 Jun 2025

Tax evaders, BEWARE! The Income Tax department is using AI data analytics to bust fake deductions, flag HRA fraud, and trace digital footprints.

The Real Reason For The TCS Layoffs

The Real Reason For The TCS Layoffs

Rediff.com5 Aug 2025

While TCS cited evolving business needs and future readiness as reasons, industry experts say the action is a cost-cutting measure aimed at improving operating margins that have remained below the firm's aspirational range despite multiple efforts.

Why Vacation Costs Are On The Rise

Why Vacation Costs Are On The Rise

Rediff.com8 Jul 2025

The primary drivers: Geopolitical disruptions inflating fuel and operational costs, and a surge in travel demand.

Every Picture Tells A Story

Every Picture Tells A Story

Rediff.com26 Jul 2025

Glimpses from around the world that will make you smile and cry.

Mediclaim: Want To Buy An OPD Plan?

Mediclaim: Want To Buy An OPD Plan?

Rediff.com14 Jul 2025

These plans are suited for individuals and families with regular OPD needs -- those managing chronic illnesses and families with young children or elderly members.

Can Arsenal, City, Chelsea topple Liverpool?

Can Arsenal, City, Chelsea topple Liverpool?

Rediff.com11 Aug 2025

Winning back-to-back titles for the first time since 1984 is likely to prove a rather more arduous challenge for Liverpool.

'Close up shop and head back home': Trump's warning to Musk

'Close up shop and head back home': Trump's warning to Musk

Rediff.com1 Jul 2025

Trump's latest statement comes after Elon Musk strongly criticised the US President's "big, beautiful bill" and stressed that it is time for a new political party that cares about the people.

'New Delhi Can Hobnob With Moscow And Beijing, But...'

'New Delhi Can Hobnob With Moscow And Beijing, But...'

Rediff.com1 Sep 2025

'...it should not delude itself into thinking that India's security or its great-power ambitions will be advanced by those partnerships.'
'Instead, what India should focus on is on riding out the next three-and-a-half years of Trump's presidency with minimal damage to itself.'

Gandhi Called Him 'Father Of The Nation'

Gandhi Called Him 'Father Of The Nation'

Rediff.com5 Sep 2025

On his 200th birth anniversary, Utkarsh Mishra traces the life, thought, and legacy of Dadabhai Naoroji, the Grand Old Man of India.

Adani commits $15-20 bn annual capex for 5 years

Adani commits $15-20 bn annual capex for 5 years

Rediff.com31 May 2025

Adani Group chairman Gautam Adani has reaffirmed Adani Enterprises' ambitions for aggressive expansion, committing to invest up to $20 billion annually over the next five years. "Our capital investment across businesses is set to break all records.

Sholay Still Speaks to India's Soul

Sholay Still Speaks to India's Soul

Rediff.com18 Aug 2025

Even after 50 years, Sholay remains a lasting reminder of unity, shared memories and the joy of cinema, notes Mohammad Asim Siddiqui.

US team in India for trade talks; negotiations progressing well: Goyal

US team in India for trade talks; negotiations progressing well: Goyal

Rediff.com5 Jun 2025

The US team is in New Delhi for the next round of negotiations for the proposed bilateral trade agreement and the negotiations are progressing well, Commerce and Industry Minister Piyush Goyal said on Thursday. Some more US officials will reach India on June 6 to join the negotiations with their Indian counterparts.

AI 171 Crash: Insurance Cost: $475 Million

AI 171 Crash: Insurance Cost: $475 Million

Rediff.com1 Jul 2025

'$125 million for the hull and the remaining of over $350 million for liability.'

Most PSBs see decline in headcount even as branches spread

Most PSBs see decline in headcount even as branches spread

Rediff.com16 Jun 2025

At a time when the finance ministry is focusing on addressing employee grievances, the number of employees in most public-sector banks (PSBs) has declined over the last three financial years.

Govt, UPI To Set Up Real-Time Payment Tripwire

Govt, UPI To Set Up Real-Time Payment Tripwire

Rediff.com4 Jul 2025

Google Pay, PhonePe, and Paytm may deliberately delay transactions, issue fraud alerts, and require an extra layer of user confirmation before processing any transactions that are likely to be classified as fraudulent.

Air India crash: Seat near emergency exit saved Ramesh?

Air India crash: Seat near emergency exit saved Ramesh?

Rediff.com13 Jun 2025

'11A' is among the six seats in the first row of the economy class of Air India's B787-8 planes. It is the window seat near one of the emergency exit doors as well as the aircraft galley area, according to the seat map.

Pharma Inc hopes for fair deal as Donald Trump announces 25% tariffs

Pharma Inc hopes for fair deal as Donald Trump announces 25% tariffs

Rediff.com31 Jul 2025

India's pharmaceuticals and medical devices industries are still hopeful that trade negotiations with the US could cut a fairer deal for both sides, after President Donald Trump announced a 25 per cent tariff rate on India on a social networking platform without divulging the finer details.

Amitabh Kant resigns as G20 Sherpa, to begin new chapter

Amitabh Kant resigns as G20 Sherpa, to begin new chapter

Rediff.com16 Jun 2025

Kant, a retired 1980-batch Indian Administrative Service (IAS) officer of Kerala cadre, was appointed as India's G20 Sherpa in July 2022, months before India assumed the G20 Presidency.

'Pakistan Does America's Dirty Work'

'Pakistan Does America's Dirty Work'

Rediff.com11 Aug 2025

'What the Americans want is to destabilise Iran. For destabilising Iran, you need access. 'One access is through Iraq. The other access is through Pakistan.'

Bihar's Liquor Ban Faces Heat Ahead Of Elections

Bihar's Liquor Ban Faces Heat Ahead Of Elections

Rediff.com11 Jun 2025

As the election nears, political positions on prohibition are shifting.

Which is the new battleground in tax disputes?

Which is the new battleground in tax disputes?

Rediff.com25 Jun 2025

In October 2024, Jindal Stainless challenged a Goods and Services Tax (GST) notice in the Delhi high court. It was about corporate guarantees issued to related parties by its former group company, Jindal Stainless (Hisar), before their merger in March 2023.

Harvard is not Harvard...: Varsity sues Trump admin over foreign student ban

Harvard is not Harvard...: Varsity sues Trump admin over foreign student ban

Rediff.com23 May 2025

Harvard University has filed a lawsuit against the Trump administration over its decision to revoke the university's certification to enroll foreign students. The lawsuit claims that the government's action is unlawful and unwarranted and that Harvard is not Harvard without its international students. The university argues that the government's decision will have a devastating effect on Harvard and its thousands of international students. The lawsuit comes a day after the Trump administration ordered the Department of Homeland Security to terminate Harvard University's Student and Exchange Visitor Program (SEVP) certification.

Trump slaps 25% tariff on India from Aug 1

Trump slaps 25% tariff on India from Aug 1

Rediff.com30 Jul 2025

US President Donald Trump has announced a 25 per cent plus tariff on India from Aug 1. Trump, describing India as a "friend", said the US has done relatively "little business" with the country because of its high tariffs.

I-T dept notifies ITR forms 1, 4 for AY 2025-26

I-T dept notifies ITR forms 1, 4 for AY 2025-26

Rediff.com30 Apr 2025

The income tax department has notified ITR forms 1 and 4 for assessment year (AY) 2025-26 that are to be filed by individuals and entities with total income of up to Rs 50 lakh a year. Now individuals having long-term capital gains of up to Rs 1.25 lakh in a fiscal year can also file ITR-1.

Mid-tier IT firms outpaced larger peers' growth in FY25

Mid-tier IT firms outpaced larger peers' growth in FY25

Rediff.com22 May 2025

Mid-tier information-technology (IT) companies last financial year reported better growth numbers than their larger counterparts, highlighting their ability to navigate the uncertain macroeconomic environment. Most of these companies - such as Persistent Systems, Coforge, KPIT, and Mphasis - focus on niche businesses and industries that allow them to go deeper in terms of client mining and expanding wallet share from existing customers.

Income of thousands, hit with tax notice for crores!

Income of thousands, hit with tax notice for crores!

Rediff.com2 Apr 2025

Three men in Aligarh, Uttar Pradesh, received income tax notices demanding crores of rupees despite earning meager salaries, highlighting the growing issue of identity theft in India. The victims, who earn between Rs 8,500 and Rs 15,000 per month, were shocked to receive notices for Rs 33.88 crore, Rs 3.87 crore, and Rs 7.79 crore respectively. The authorities believe that businesses have been conducting large-scale transactions using forged Aadhaar and PAN cards in the names of these individuals.