News for 'Department of Finance'

Excise case: Sisodia kingpin of conspiracy, CBI tells HC

Excise case: Sisodia kingpin of conspiracy, CBI tells HC

Rediff.com20 Apr 2023

The submissions were made by the CBI in a short written reply while opposing the senior Aam Aadmi Party leader's bail plea, which it said was devoid of any merit and was an attempt to misuse the intricacies of law to thwart the progress of investigation in the case.

Budget 2024: 'We have to be intelligent'

Budget 2024: 'We have to be intelligent'

Rediff.com1 Nov 2023

'The global situation is not very good.'

Modi's 'redistribution' charge against Cong gets Pitroda's booster

Modi's 'redistribution' charge against Cong gets Pitroda's booster

Rediff.com25 Apr 2024

In his poll rallies, Modi framed Pitroda's comments in his wider onslaught against the Congress, asserting that they have exposed its hidden agenda and that the party has become so removed from the country's social and family values that it wants to legally rob people of their assets and lifelong savings they want to bequeath to their children.

Shinde is calling the shots now, not Ajit Pawar: Sena minister

Shinde is calling the shots now, not Ajit Pawar: Sena minister

Rediff.com14 Jul 2023

Pawar, who joined the Shinde government earlier this month, was allocated the same portfolio once again, raising questions as to how the Sena MLAs react.

Revanth Reddy-led govt in Telangana to roll out 2 of 6 guarantees on Friday

Revanth Reddy-led govt in Telangana to roll out 2 of 6 guarantees on Friday

Rediff.com8 Dec 2023

He said with a view to releasing a white paper on the state's finances, the cabinet has asked the officials to furnish information on the expenditure made by the previous government from 2014 to December 7, 2023 on all departments in the state government and the purposes for which the expenditure was incurred.

RBI's decision on connected lending may curb India Inc's powers

RBI's decision on connected lending may curb India Inc's powers

Rediff.com18 Dec 2023

The decision by the Reserve Bank of India to introduce a unified regulatory framework on connected lending for all the regulated entities (RE) is expected to reduce the influence of business conglomerates in the Indian lending space, said bankers and experts. "Connected lending pertains to lending to related parties within the same business group. "While the RBI might appear more agreeable to allowing business conglomerates to own banking licenses, it deems it crucial to bolster regulations that would prevent conglomerate-owned banks from gaming the system," said Shivaji Thapliyal, head of research and lead analyst, YES Securities.

Shaktikanta Das: RBI Governor Who Walks The Talk

Shaktikanta Das: RBI Governor Who Walks The Talk

Rediff.com13 Mar 2024

'Das is friendly, but he finally does what he does. The quality of engagement is very good.'

DMK ex-member Jaffer Sadiq, partners invested Rs 40-cr drug money films: ED

DMK ex-member Jaffer Sadiq, partners invested Rs 40-cr drug money films: ED

Rediff.com13 Apr 2024

The Enforcement Directorate made these claims in an official statement issued by the federal agency following its raids in this case at Chennai, Madurai and Tiruchirapalli on April 9.

RS departs from convention in paying tributes to Jaitley, others

RS departs from convention in paying tributes to Jaitley, others

Rediff.com18 Nov 2019

Usually, the chair in the Upper House reads out obituary references before members rise as a mark of respect to the memory of the departed.

Finance ministry revises tax collection target for FY20

Finance ministry revises tax collection target for FY20

Rediff.com25 May 2019

The highest collection target has been given to Mumbai at Rs 4.39 trillion, followed by Delhi and Bengaluru.

Amarinder keeps home portfolio; Sidhu gets local govt, Manpreet finance

Amarinder keeps home portfolio; Sidhu gets local govt, Manpreet finance

Rediff.com16 Mar 2017

Amarinder would hold the portfolios of General Administration, Personnel, Home Affairs and Justice, Vigilance and other departments not assigned to any other minister.

Govt plans to make India self-reliant in edible oils

Govt plans to make India self-reliant in edible oils

Rediff.com1 Feb 2024

The government will formulate a strategy to make India self-reliant in edible oils by boosting domestic output of oilseeds and launch a comprehensive programme to support dairy farmers, Finance Minister Nirmala Sitharaman announced on Thursday. India imports a large quantity of edible oils to meet the domestic demand. During the 2022-23 marketing year (November-October), the country imported nearly 165 lakh tonnes of cooking oils, valuing a whopping Rs 1.38 lakh crore.

'Brother' Kejriwal's govt announces Rs 1000 monthly aid for women above 18

'Brother' Kejriwal's govt announces Rs 1000 monthly aid for women above 18

Rediff.com4 Mar 2024

Delhi Finance Minister Atishi on Monday announced the 'Mukhyamantri Mahila Samman Yojana' for the 2024-25 fiscal, under which Rs 1,000 will be given monthly to women aged above 18 from the fiscal year 2024-25.

Stopped from speaking, Mamata storms out of Niti Aayog meet

Stopped from speaking, Mamata storms out of Niti Aayog meet

Rediff.com27 Jul 2024

Banerjee said her microphone was stopped after five minutes, while other chief ministers were allowed to speak for longer durations.

Divestment department gets a fancy name 'Dipam' but wings clipped

Divestment department gets a fancy name 'Dipam' but wings clipped

Rediff.com2 Mar 2016

The guidelines for strategic disinvestment were issued on Monday itself when Finance Minister Arun Jaitley presented the Union Budget for 2016-17.

Tax Sops Coming In Interim Budget!

Tax Sops Coming In Interim Budget!

Rediff.com23 Jan 2024

To offer additional support at the low end of the income ranges, the Centre will consider a large-scale jump in exemption rates under the old income-tax regime in the vote on account, or interim Budget, according to a senior official in the know. Those will include an extension of the income tax exemption rates close to Rs 7 lakh and additional measures for women farmers.

'There's a de-emphasis on divestment'

'There's a de-emphasis on divestment'

Rediff.com12 Feb 2024

'We now look at divestment as an opportunity for maximising the value of public assets, not necessarily as a short-term resource-raising measure.'

Nirmalaji And Why I Was Suspended!

Nirmalaji And Why I Was Suspended!

Rediff.com2 Feb 2024

'My protest was in the interest of the nation.' 'I am just doing my duty as a citizen of this country.'

SC directs quick release of 2 UP officials held on HC orders in contempt case

SC directs quick release of 2 UP officials held on HC orders in contempt case

Rediff.com20 Apr 2023

The matter was mentioned for urgent hearing before a bench comprising Chief Justice DY Chandrachud and Justice PS Narasimha, which took it up on board.

Coalition Won't Block Modi's Reforms

Coalition Won't Block Modi's Reforms

Rediff.com29 Jun 2024

'The BJP's numbers in this government are almost the same as those enjoyed by the Congress under P V Narasimha Rao when the reform process was kicked off in 1991.' 'As before, the only constraints on the prime minister's actions are internal, not external.' 'They come from his own assessment of the political consequences of any action,' points out Mihir S Sharma.

Ashok Chawla to be new finance secy

Ashok Chawla to be new finance secy

Rediff.com4 May 2009

A decision to this effect has been taken after Arun Ramanathan retired as finance secretary on Thursday. Currently, Chawla is the senior-most official in the finance ministry. In addition, G C Chaturvedi, currently serving as additional secretary in the ministry of health and family welfare, has been appointed as additional secretary in-charge of the financial services department.

Paytm Payments Bank fiasco: Independent directors raised concerns

Paytm Payments Bank fiasco: Independent directors raised concerns

Rediff.com18 Feb 2024

At a time when the role of corporate boards is once again under the scanner, independent directors on the Paytm Payments Bank board have indicated that red flags were raised over regulatory issues but they may have been late in doing so. "As independent directors, we asked questions and monitored responses to the Reserve Bank of India (RBI). Many changes were made on compliances. "Obviously, in retrospect, it was not found to be enough," said one of the independent directors on the condition of anonymity.

Finance ministry wants reasons for IKEA climb down

Finance ministry wants reasons for IKEA climb down

Rediff.com9 Jan 2013

DEA official writes to DIPP suggesting that govt needs to understand what has been left out, and why, in the revised application of the retailer.

Social stock exchange sees its first listing

Social stock exchange sees its first listing

Rediff.com14 Dec 2023

Social stock exchange (SSE) saw its first listing on Wednesday, with SGBS Unnati Foundation becoming the first entity to take this route to avail financing. The foundation - engaged in vocational training of youth - raised Rs 1.8 crore from four investors. These include brokerage firm Zerodha and National Bank for Agriculture and Rural Development (Nabard).

AIIMS to examine NewsClick founder's health after SC direction

AIIMS to examine NewsClick founder's health after SC direction

Rediff.com27 Feb 2024

A bench of Justices B R Gavai and Sandeep Mehta asked the AIIMS director to constitute the board and submit a report to it in two weeks.

'Doubts About Longevity Of Modi Govt'

'Doubts About Longevity Of Modi Govt'

Rediff.com24 Jun 2024

'I have serious doubts about the longevity of the NDA government and the longevity of the 18th Lok Sabha itself.'

Paytm Crisis: StartUp Founders Take Note

Paytm Crisis: StartUp Founders Take Note

Rediff.com22 Feb 2024

Startup founders need to sit up and think about how not to take stardom for granted and how not to disappoint their fans who have stood in long queues for those precious selfies with popular entrepreneurs, notes Nivedita Mookerji.

New Israeli settlements in West Bank illegal: Blinken

New Israeli settlements in West Bank illegal: Blinken

Rediff.com24 Feb 2024

The new Israeli settlements in the West Bank are illegal and inconsistent with international law, United States Secretary of State Antony Blinken has said, reversing a Trump-era policy.

Centre to revise SEZ Act, limiting tax sops and enhancing integration

Centre to revise SEZ Act, limiting tax sops and enhancing integration

Rediff.com16 Nov 2023

The Centre is unlikely to offer new direct tax incentives for units operating in special economic zones (SEZs) and may instead allow the grandfathering of previous exemptions that such units were entitled to, according to proposed amendments to the SEZ Act, 2005, people aware of the matter said. The amendments, proposed by the commerce department, will soon be considered by the Cabinet for approval. This represents a departure from the department's earlier plan to introduce these changes through the Development Enterprises and Services Hubs (DESH) Bill, 2023, which faced strong criticism from the ministry of finance.

More MLAs to quit, Sukhu govt will fall, says Himachal Cong rebel

More MLAs to quit, Sukhu govt will fall, says Himachal Cong rebel

Rediff.com2 Mar 2024

Rebel Himachal Pradesh Congress MLA Rajinder Rana on Saturday claimed that nine more party legislators 'feeling suffocated' due to Sukhvinder Singh Sukhu's style of functioning are in touch with him as he called the chief minister 'liar number one'.

'Jobs Have To Be Created Everywhere'

'Jobs Have To Be Created Everywhere'

Rediff.com25 Jul 2024

'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'

Shah gets Home, Rajnath Defence; Finance with Nirmala

Shah gets Home, Rajnath Defence; Finance with Nirmala

Rediff.com1 Jun 2019

Prime Minister Narendra Modi will retain DoPT, Atomic Energy as well as all important policy issues and portfolios not allocated.

'We Want Chinese Style Growth'

'We Want Chinese Style Growth'

Rediff.com1 Aug 2024

'We have essentially tried to set out an agenda for the next five years and it, in essence, represents the political commitment to that agenda.'

Top-level bureaucratic reshuffle at Centre, Pant named new health secretary

Top-level bureaucratic reshuffle at Centre, Pant named new health secretary

Rediff.com14 Jun 2023

Pant, a 1991-batch Indian Administrative Service officer of Rajasthan cadre, is currently secretary in the ministry of ports, shipping and waterways.

Modi replaces top finance mandarin Mayaram in 1st major shake up

Modi replaces top finance mandarin Mayaram in 1st major shake up

Rediff.com16 Oct 2014

Over the past six months Rajasthan has introduced some of India's most radical free-market labour, land and welfare reform.

Finance ministry rejects NTPC's FPO

Finance ministry rejects NTPC's FPO

Rediff.com16 May 2008

The power ministry had approached the department of disinvestment in August 2007 for approval for NTPC's FPO, which could fetch the company nearly Rs 6,000 crore to part-finance its expansion programme.

Hong Kong busts $1.8-bn money laundering syndicate with India links, 7 held

Hong Kong busts $1.8-bn money laundering syndicate with India links, 7 held

Rediff.com16 Feb 2024

The syndicate used "stooge" bank accounts and shell companies to transfer the largest amount linked to a single case recorded in the city, the Customs and Excise Department of Hong Kong said.

BJP likely to keep big 4 portfolios, culture, education

BJP likely to keep big 4 portfolios, culture, education

Rediff.com8 Jun 2024

There is a view that heavyweight portfolios like home, finance, defence and external affairs besides education and culture, two ministries with strong ideological hues, will be kept by the BJP, while its allies can get anywhere between five to eight cabinet berths.

Amid Annamalai buzz, DMK, AIADMK fight hard

Amid Annamalai buzz, DMK, AIADMK fight hard

Rediff.com17 Apr 2024

BJP workers depend on Annamalai's popularity to emerge victorious. He has has made 100 promises to be fulfilled in 500 days and assurances include cleaning up rivers, an international airport and food vans named after former Chief Minister K Kamaraj.

Ajit Pawar, others meet Fadnavis, not Shinde, over portfolios

Ajit Pawar, others meet Fadnavis, not Shinde, over portfolios

Rediff.com3 Jul 2023

A day after joining the Eknath Shinde-led Maharashtra government, Deputy Chief Minister Ajit Pawar and state minister Chhagan Bhujbal on Monday went to meet Deputy Chief Minister Devendra Fadnavis to discuss allocation of portfolios in the cabinet, sources said.