News for 'Department for Business'

The Woman Who Lost Everything

The Woman Who Lost Everything

Rediff.com13 Nov 2024

When the landslide hit, Sruthi's house was washed away, along with its inhabitants. She lost her entire family and some relatives. All she had left for a close confidante was her fiance Jenson. Days after the landslide and the loss of her family, Jenson died in a road accident that also left Sruthi with serious injuries. News of the accident and Sruthi's backdrop as the lone surviving member of a family wiped out in the July landslide, was picked up by the media, and people rushed to help.

UPS no burden on future govts, says Somanathan

UPS no burden on future govts, says Somanathan

Rediff.com26 Aug 2024

The Unified Pension System (UPS), approved by the Union Cabinet on Saturday, is "fiscally prudent" as it will be funded within the Centre's fiscal projections, according to T V Somanathan, the Cabinet Secretary-designate. Speaking to Business Standard immediately after the Cabinet nod, former finance secretary Somanathan, who headed the committee set up in March 2023 to review the National Pension System (NPS), said the UPS will not postpone pension expenditure as it will be contributory and financed each year.

Railways To Revamp Signal Failure Protocols

Railways To Revamp Signal Failure Protocols

Rediff.com4 Jul 2024

The government will look to standardise rules around operations protocol during failure of automatic signalling.

Revamped SEZ law unlikely before the upcoming Lok Sabha elections

Revamped SEZ law unlikely before the upcoming Lok Sabha elections

Rediff.com24 Feb 2024

The revamped Special Economic Zone (SEZ) law is unlikely to see the light of the day before the upcoming Lok Sabha elections, two people aware of the matter said. The commerce department had sought the Union Cabinet's nod to bring amendments to the existing SEZ Act, 2005 late last year. The plan, thereafter, was to introduce the Bill in the winter session of Parliament. Cabinet's approval remains pending.

Income-Tax forms 1, 4 for FY2023-24 issued

Income-Tax forms 1, 4 for FY2023-24 issued

Rediff.com23 Dec 2023

The Income Tax Department has notified ITR forms 1 and 4, which are filed by individuals and entities with annual total income of up to Rs 50 lakh for FY 2023-24 (AY 2024-25). Individuals, besides Hindu Undivided Families (HUFs), firms having income up to Rs 50 lakh and those having earnings from business and profession in the current fiscal (April 2023-March 2024) can start filing returns for the income earned this financial year.

''Growth Expected To Be 1% Below Last Year'

''Growth Expected To Be 1% Below Last Year'

Rediff.com3 Sep 2024

'A possible post-election growth momentum may be lost.'

MPS: FinMin may extend August deadline for PSBs, insurers

MPS: FinMin may extend August deadline for PSBs, insurers

Rediff.com10 Jun 2024

The finance ministry is in favour of extending the August deadline for public sector banks (PSBs) as well as insurance companies to increase their minimum public shareholding (MPS) to the mandated 25 per cent, said a senior government official. "The election results will determine the course of action. "Most likely, those who did not receive an extension to meet the minimum shareholding norm will be granted one," the senior government official said.

'The Titan Flies Away Into The Ages'

'The Titan Flies Away Into The Ages'

Rediff.com10 Oct 2024

'Some icons are living textbooks, teaching us about leadership, success, and legacy. Extraordinary yet human and approachable, they inspire and guide us.' 'India has lost a true son and champion.'

'We Know How To Protect Our Religion'

'We Know How To Protect Our Religion'

Rediff.com18 Nov 2024

'If someone fiddles us on our religion then we will pay back five times more to that person. We have proved that time and again.'

Will Pinarayi Vijayan Survive Ally Anvar's Attack?

Will Pinarayi Vijayan Survive Ally Anvar's Attack?

Rediff.com5 Oct 2024

At a time when none in Kerala's Left politics questioned the chief minister's authority, MLA P V Anvar hurled a series of accusations against Pinarayi Vijayan's government, notes Shyam G Menon.

Business reforms: Gujarat ranks behind West Bengal

Business reforms: Gujarat ranks behind West Bengal

Rediff.com17 Sep 2020

While other states are becoming competitive, Gujarat, say experts is not paying enough attention to maintaining its own position in terms of business reforms.

The Formidable Editor, Vimla Patil

The Formidable Editor, Vimla Patil

Rediff.com3 Oct 2024

Vimla Patil always stressed the importance of proving wrong the perception that women were women's worst enemies. And it iss a lesson I carried forward with me all through my career, learning empathy, understanding and ways to help as I went along. Sathya Saran, who succeeded Mrs Patil as Femina's editor, pays homage to the well-known journalist who passed into the ages on September 29, 2024.

PMO Monitoring Red Sea Crisis

PMO Monitoring Red Sea Crisis

Rediff.com16 Feb 2024

Any government support or incentive to help exporters deal with high freight and insurance costs is unlikely.

CBDT notifies ITR forms for Assessment Year 2024-25

CBDT notifies ITR forms for Assessment Year 2024-25

Rediff.com2 Feb 2024

The Income Tax department on Friday said it has notified I-T return forms 2, 3 and 5 for filing tax returns for assessment year 2024-25. The ITR-1, which is filed by individuals having a total income of up to Rs 50 lakh, and ITR-6 for companies were notified earlier in December 2023, and January 2024, respectively.

Crypto firms bank on fair play as Binance logs into FIU-IND

Crypto firms bank on fair play as Binance logs into FIU-IND

Rediff.com20 May 2024

The regulatory gap between crypto firms registered with the Financial Intelligence Unit-India (FIU-India) and unregistered offshore entities is expected to narrow, industry players said, after global crypto players Binance and KuCoin received approvals to register with India's anti-money laundering unit.

India flagged concerns with Russia over non-tariff barriers: Commerce secy

India flagged concerns with Russia over non-tariff barriers: Commerce secy

Rediff.com16 Jul 2024

India has flagged concerns over non-tariff barriers (NTBs) faced by its exporters with the Russian government, commerce secretary Sunil Barthwal said on Monday. NTBs faced by Indian exporters are mainly in sectors such as marine products and pharmaceuticals.

DC Vs MI: Who Took The Best Catch? Vote!

DC Vs MI: Who Took The Best Catch? Vote!

Rediff.com8 Apr 2024

Was it Axar or Jake Fraser-McGurk?

M&M shifts to high gear with Rs 37K cr investments

M&M shifts to high gear with Rs 37K cr investments

Rediff.com17 May 2024

Automotive (auto) major Mahindra & Mahindra (M&M), which is readying to launch nine sport utility vehicles (internal combustion engine/ICE), seven Born Electric Vehicles (BEVs), and seven light commercial vehicles by 2030, has outlined an investment of Rs 27,000 crore in its auto business between 2024-25 (FY25) and 2026-27 (FY27). Over the next three years, the company will deploy Rs 37,000 crore, including its auto business, farm business (Rs 5,000 crore), and service business (Rs 5,000 crore).

Tesla begins formal talks with govt

Tesla begins formal talks with govt

Rediff.com19 Apr 2024

In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement. Officials who attended the meeting told Business Standard that the original equipment manufacturers (OEMs) tried to understand whether the complete investment would be made within three or five years and the duration they would have to achieve the 50 per cent DVA. "The consultation meeting was convened to address queries from auto OEMs.

WazirX Seeks FBI Help To Recover $230M

WazirX Seeks FBI Help To Recover $230M

Rediff.com31 Jul 2024

WazirX lost about 45 per cent of its crypto assets to the security breach. People privy to the discussions say North Korea has been mentioned.

'India Is Critical To US National Security'

'India Is Critical To US National Security'

Rediff.com29 Aug 2024

'Now it's for India to also make certain decisions. The sky's the limit. You've got to be strategic.'

The Lives PSU Bankers Lead

The Lives PSU Bankers Lead

Rediff.com15 Jul 2024

A peek into the life of a public-sector banker who did well professionally, but paid a price for it, points out Tamal Bandyopadhyay.

After 6 days and a haul of over Rs 350 cr, I-T raids in Odisha end

After 6 days and a haul of over Rs 350 cr, I-T raids in Odisha end

Rediff.com12 Dec 2023

As the raids were completed, the I-T team took two managers of the distillery located at Sutapada to an unknown location for interrogation, they said.

Modi 3.0: Focus Shifts To Governance

Modi 3.0: Focus Shifts To Governance

Rediff.com7 Oct 2024

'It would be reasonable to assume that Modi 3.0 would be more focused on projects and schemes which do not require any legislative change or which have the support of its coalition partners,' asserts A K Bhattacharya.

Budget: Time To Bet On Big Ideas

Budget: Time To Bet On Big Ideas

Rediff.com16 Jul 2024

The generation of quality jobs and skill development should be the focal point, cutting across ministries and departments, asserts Nivedita Mookerji.

Odisha cash haul: Role of hawala operators, shell companies under scanner

Odisha cash haul: Role of hawala operators, shell companies under scanner

Rediff.com12 Dec 2023

An interim report on the action has also been sent by the field investigation wing of the income tax department to the Central Board of Direct Taxes in Delhi, the administrative body for the department.

Who Took The Best Catch? Vote!

Who Took The Best Catch? Vote!

Rediff.com1 May 2024

Mohammed Nabi picked up a smart catch at the boundary ropes to end K L Rahul's knock.

Liquor Flows In Dry Bihar During Polls

Liquor Flows In Dry Bihar During Polls

Rediff.com21 May 2024

Four times more liquor has been seized in the 2024 election than during the 2019 polls.

How Trai Plans To Scuttle Scams

How Trai Plans To Scuttle Scams

Rediff.com15 Jun 2024

Numbers could be classified further into (140) marketing and (160 or 161) for service calls to easily identify the purpose of the call in the future.

Jharkhand Cong seeks 'clarification' from Sahu on cash haul

Jharkhand Cong seeks 'clarification' from Sahu on cash haul

Rediff.com10 Dec 2023

Jharkhand Congress in-charge Avinash Pandey on Sunday said that a clarification has been sought from party MP Dheeraj Sahu in connection with the recovery of huge cash from premises linked to him.

Meet The *Real* Stars Of Sholay

Meet The *Real* Stars Of Sholay

Rediff.com21 Aug 2024

Salim-Javed became the first Hindi film writers who could be considered brands, and they are still boldface names, celebrities in their own right, chronicles Dinesh Raheja.

Over Rs 950-crore tax evasion by Swiggy, Flipkart unit,: I-T department

Over Rs 950-crore tax evasion by Swiggy, Flipkart unit,: I-T department

Rediff.com21 Jan 2021

Tax concealment in case of Walmart-owned Flipkart's unit is about Rs 650 crore while the remaining estimation is related to Swiggy.

Kohli hopes T20 World Cup in Americas will set off domino effect

Kohli hopes T20 World Cup in Americas will set off domino effect

Rediff.com31 May 2024

Star India batter Virat Kohli on Friday said that he had never thought of playing cricket in the United States and the T20 World Cup happening there shows the growing impact of the sport in the world.

How Byju's Staff Struggle With Layoffs

How Byju's Staff Struggle With Layoffs

Rediff.com4 Mar 2024

'Due to the fear caused by the Byju's crisis, several employees have chosen to take up entry-level jobs in firms other than edtech.'

10 Times Arvind Kejriwal Made Headlines

10 Times Arvind Kejriwal Made Headlines

Rediff.com18 Sep 2024

From the time he first rose to prominence during the movement against the then UPA government, Arvind Kejriwal has regularly grabbed headlines for his surprise moves and decisions. Here are 10 such instances.

'Actors Are Asking For The Sun, Moon And Earth'

'Actors Are Asking For The Sun, Moon And Earth'

Rediff.com9 Jul 2024

'Those movie stars are asking for Rs 35 crore and are opening to Rs 3.5 crore.' 'How's that math working?'

In Modi's new India, there is no...: Oppn on rail accidents

In Modi's new India, there is no...: Oppn on rail accidents

Rediff.com30 Jul 2024

'This is becoming the new normal. Accountability of @AshwiniVaishnaw ji is zero. The GOI has no answers whatsoever'

'Ratan Tata Always Displayed His Kindness'

'Ratan Tata Always Displayed His Kindness'

Rediff.com12 Nov 2024

'When the bombing happened in the Taj Mahal hotel in 2008, that was a very sad moment, but he really took care of the people, took care of everybody and that was when you saw some of his best moments.' 'There are some things which we will never forget. That is when the best of a person comes out.'

Protests erupt in Assam as girl returning from tuition gang-raped

Protests erupt in Assam as girl returning from tuition gang-raped

Rediff.com24 Aug 2024

A 14-year-old girl was allegedly gang-raped by three persons in Assam's Nagaon district, triggering massive protests by people on the streets.

BSc Math Or BTech: Which Is Better?

BSc Math Or BTech: Which Is Better?

Rediff.com7 Aug 2024

Dr Dipankar Dutta will answer your questions related to preparing for a career in engineering or technology.