News for 'Department of Finance'

New TN cabinet vows break from Dravidian-era governance

New TN cabinet vows break from Dravidian-era governance

Rediff.com10 May 2026

Following the swearing-in of C Joseph Vijay as Tamil Nadu's chief minister, the new cabinet has pledged a 'white paper' audit of all state departments and a 'zero-interference' policy in administration, signalling a significant shift in governance.

Vijay Must Demonstrate His Government Doesn't Engage In Theft

Vijay Must Demonstrate His Government Doesn't Engage In Theft

Rediff.com27 May 2026

If TVK MLAs and ministers are perceived as clean, or demonstrably cleaner than their predecessors, the credibility dividend will be enormous. The voter will feel rewarded, points out Ramesh Menon.

Jharkhand Police Nab Prime Accused In Treasury Embezzlement Case

Jharkhand Police Nab Prime Accused In Treasury Embezzlement Case

Rediff.com29 Apr 2026

Jharkhand Police have arrested the prime accused in a fraudulent withdrawal case from the West Singhbhum treasury, along with three others. The accused manipulated departmental computer data for nearly nine years to divert government funds into their own accounts and those of associates.

Mumbai's iconic Air India building set to become Maha govt hub soon

Mumbai's iconic Air India building set to become Maha govt hub soon

Rediff.com29 Apr 2026

The Maharashtra government is nearing the acquisition of the Air India building in south Mumbai after the Finance Department transferred Rs 1,600 crore to the Public Works Department. The agreement with Air India Assets Holding Limited is expected to be signed within two weeks, providing much-needed office space for state government departments.

Paddy Bonus: Stalin Vs Sitharaman

Paddy Bonus: Stalin Vs Sitharaman

Rediff.com13 Apr 2026

The finance ministry has clarified that its letter to state chief secretaries, urging them to align their bonus policy to promote pulses, oilseeds, and millets, was an advisory and not a directive. This clarification comes in response to Tamil Nadu Chief Minister M K Stalin's criticism, who called the advisory a 'treacherous act against farmers'.

Rs 10 Crore Money Trail Uncovered In Jharkhand Treasury Scam

Rs 10 Crore Money Trail Uncovered In Jharkhand Treasury Scam

Rediff.com1 May 2026

The Jharkhand Criminal Investigation Department (CID) has uncovered a money trail of Rs 10 crore related to the Bokaro treasury scam, freezing several fixed deposits and arresting multiple individuals, including police personnel and an accountant.

Now, North, South Blocks to showcase 5,000 years of Indian history

Now, North, South Blocks to showcase 5,000 years of Indian history

Rediff.com31 May 2026

Work has commenced on restoring the North and South Blocks to their original design, paving the way for the Yuge Yugeen Bharat National Museum project, with a target completion date for the first phase set for 2028.

How Mizoram Police Rescued Women From Trafficking Racket

How Mizoram Police Rescued Women From Trafficking Racket

Rediff.com7 May 2026

Mizoram police, in collaboration with Uttarakhand police, rescued five Mizo women, including two minors, from a sex trafficking racket operating under the guise of a spa in Rudrapur. Six individuals have been arrested, including the alleged mastermind and spa owner.

UP storm fury leaves 111 dead, 72 hurt; over 200 houses destroyed

UP storm fury leaves 111 dead, 72 hurt; over 200 houses destroyed

Rediff.com15 May 2026

At least 89 people have died in Uttar Pradesh after severe storms and heavy rain caused widespread damage, uprooting trees and electric poles and damaging homes. Chief Minister Yogi Adityanath has directed officials to provide immediate relief to affected families.

Haryana Sacks Official Over Rs 590 Crore Bank Fraud

Haryana Sacks Official Over Rs 590 Crore Bank Fraud

Rediff.com25 Apr 2026

The Haryana government has dismissed an official from the Development and Panchayat Department in connection with a Rs 590 crore fraud case involving IDFC First Bank. The decision follows a detailed investigation that revealed a criminal conspiracy and substantial evidence against the official.

Mizoram Women's Group Condemns Trafficking Of Women

Mizoram Women's Group Condemns Trafficking Of Women

Rediff.com12 May 2026

The apex women's association in Mizoram, Mizo Hmeichhe Insuihkhawm Pawl (MHIP), has strongly condemned the alleged trafficking and exploitation of women from the state under the guise of employment outside Mizoram. The organisation is pursuing the matter to ensure the accused receive stringent punishment under the law.

Haryana Orders CBI Investigation into Rs 590 Crore IDFC Bank Scam

Haryana Orders CBI Investigation into Rs 590 Crore IDFC Bank Scam

Rediff.com10 Apr 2026

Haryana Chief Minister Nayab Singh Saini announced a CBI investigation into the Rs 590-crore IDFC First Bank fraud case, emphasising the government's zero-tolerance approach to wrongdoing. The State Vigilance and Anti-Corruption Bureau had previously investigated the case, arresting several individuals, including ex-IDFC First Bank employees. The alleged fraud involved the diversion of Haryana government funds intended for fixed deposits.

Himanta Biswa Sarma takes oath as Assam CM for 2nd term

Himanta Biswa Sarma takes oath as Assam CM for 2nd term

Rediff.com13 May 2026

Himanta Biswa Sarma was sworn in as the chief minister of Assam for a second consecutive term, along with four other ministers, marking the formation of the third successive NDA government in the state.

CBI Takes Over Probe into 550 Crore Haryana Government Fund Embezzlement

CBI Takes Over Probe into 550 Crore Haryana Government Fund Embezzlement

Rediff.com9 Apr 2026

The CBI has registered an FIR to investigate the alleged embezzlement of 550 crore from Haryana government accounts held with IDFC First Bank, following a referral from the state government.

India Clears Nuclear FDI Policy

India Clears Nuclear FDI Policy

Rediff.com18 Apr 2026

'The Atomic Energy Commission has approved the FDI policy and it is going in for ministerial consultations.'

Satheesan-led Kerala govt sworn in, announces key welfare measures

Satheesan-led Kerala govt sworn in, announces key welfare measures

Rediff.com18 May 2026

V D Satheesan was sworn in as Kerala's Chief Minister, with Governor Rajendra Vishwanath Arlekar administering the oath of office. The swearing-in ceremony was attended by prominent political figures, including Congress leaders and Chief Ministers of Congress-ruled states.

IBC-tax law mismatch clouds loss carry-forward benefits

IBC-tax law mismatch clouds loss carry-forward benefits

Rediff.com2 May 2026

A growing conflict between India's insolvency law and tax rules is creating fresh uncertainty for companies undergoing resolution, with tax authorities increasingly denying the benefit of carrying forward past losses even after resolution plans have been approved by the National Company Law Tribunal (NCLT).

Saudi Arabia pledges additional $3 billion support to Pakistan

Saudi Arabia pledges additional $3 billion support to Pakistan

Rediff.com15 Apr 2026

Pakistan's skewed foreign reserves got a major boost after Saudi Arabia pledged an additional $3 billion in deposits while extending its existing $5 billion facility for a further three years.

Punjab Achieves Record Tax Enforcement, Recovering 1,137 Crore

Punjab Achieves Record Tax Enforcement, Recovering 1,137 Crore

Rediff.com6 Apr 2026

Punjab's Finance Minister announces record tax enforcement outcomes for the financial year 2025-26, driven by intelligence-led actions and robust revenue protection, including significant penalties imposed and recovered from fraudulent networks.

Jammu & Kashmir Achieves High Rate of Public Grievance Resolution

Jammu & Kashmir Achieves High Rate of Public Grievance Resolution

Rediff.com2 Apr 2026

Jammu and Kashmir has shown significant progress in addressing public grievances through the JK Samadhan portal, achieving an 88 per cent disposal rate. District administrations and key departments have played a crucial role in this achievement, with high disposal rates and positive citizen feedback.

In Rs 1 trn urban fund, cities to get Rs 10K cr for capacity building, credit guarantee

In Rs 1 trn urban fund, cities to get Rs 10K cr for capacity building, credit guarantee

Rediff.com16 Apr 2026

The Indian government has launched the Urban Challenge Fund (UCF) with a total outlay of Rs 1 lakh crore, aiming to leverage private and market finance for urban infrastructure projects by providing state support in capacity building and credit guarantees.

Jharkhand Officials Arrested in Multi-Million Embezzlement Scheme

Jharkhand Officials Arrested in Multi-Million Embezzlement Scheme

Rediff.com9 Apr 2026

Three treasury employees in Hazaribag, Jharkhand, have been arrested for allegedly embezzling Rs 15.41 crore from government bank accounts over eight years, prompting criticism from the opposition BJP.

PSU stakes can go below 51% with a golden share' shield

PSU stakes can go below 51% with a golden share' shield

Rediff.com25 Mar 2026

The Parliamentary Standing Committee on Finance has asked the finance ministry to spell out a clear legal strategy, including options such as a "golden share" or indirect control structures, to maintain strategic oversight in public sector entities if state ownership falls below 51 per cent.

Omar Abdullah Emphasises Transparency in J&K Recruitment Drive

Omar Abdullah Emphasises Transparency in J&K Recruitment Drive

Rediff.com31 Mar 2026

Jammu and Kashmir Chief Minister Omar Abdullah has affirmed his government's commitment to a transparent recruitment process, aiming to fill 25,000 vacancies this year while avoiding legal complications.

Jharkhand Parties Demand Pay For Police Amid Treasury Scam

Jharkhand Parties Demand Pay For Police Amid Treasury Scam

Rediff.com28 Apr 2026

Opposition parties in Jharkhand are demanding the release of salaries for police personnel, which have been withheld following the discovery of irregularities in treasury funds across several districts. The police association claims that over 70,000 personnel have not been paid since March, prompting calls for a thorough investigation and prompt action from the state government.

Farmer in UP Receives Shocking Tax Notice for Fraudulent Firm

Farmer in UP Receives Shocking Tax Notice for Fraudulent Firm

Rediff.com4 Apr 2026

A farmer in Budaun, Uttar Pradesh, received tax notices for Rs 14.66 crore due to a fraudulent firm operating in his name in Delhi, prompting an official investigation.

Andhra Pradesh aims for Rs 50,000 crore investment in rare earth corridor

Andhra Pradesh aims for Rs 50,000 crore investment in rare earth corridor

Rediff.com30 Apr 2026

Andhra Pradesh is spearheading an ambitious initiative to establish a fully integrated beach sand minerals, rare earth, and titanium ecosystem, aiming to attract over 50,000 crore in investments over the next decade. This move is part of India's broader strategy to reduce its reliance on China for strategic minerals and permanent magnets, with the state preparing a comprehensive rare earth policy and planning specialised industrial clusters.

Avoid These Life Insurance Mistakes

Avoid These Life Insurance Mistakes

Rediff.com8 May 2026

Proposal forms are often filled by the agent. Check the form after it is filled.

Haryana's AI Programme Gains Momentum with World Bank Collaboration

Haryana's AI Programme Gains Momentum with World Bank Collaboration

Rediff.com8 Apr 2026

Haryana's Chief Minister Nayab Singh Saini reviewed the progress of the Haryana AI Development Programme (HAIDP), a Rs 474-crore initiative developed with the World Bank, focusing on AI skilling, startup incubation, and ethical AI governance.

Sunetra Pawar becomes Maharashtra's first woman deputy CM

Sunetra Pawar becomes Maharashtra's first woman deputy CM

Rediff.com31 Jan 2026

Sunetra Pawar, wife of late NCP leader Ajit Pawar, was sworn in as Maharashtra's first woman deputy Chief Minister after being elected as the leader of the NCP legislature wing.

Bihar gets first BJP-led govt; Samrat Choudhary takes oath as CM

Bihar gets first BJP-led govt; Samrat Choudhary takes oath as CM

Rediff.com15 Apr 2026

Samrat Choudhary's appointment as Bihar's Chief Minister marks a significant milestone for the BJP, ushering in a new era of leadership in the state's political landscape.

Farmer in UP Receives Huge Tax Notice Due to Fraudulent Firm

Farmer in UP Receives Huge Tax Notice Due to Fraudulent Firm

Rediff.com4 Apr 2026

A farmer in Uttar Pradesh, India, was shocked to receive tax notices for millions of rupees due to a fraudulent firm operating under his name in Delhi. An investigation has been launched to address the identity theft and tax evasion.

How Mamata Banerjee Fared In Her 15 Year Rule

How Mamata Banerjee Fared In Her 15 Year Rule

Rediff.com4 May 2026

Under the TMC, Bengal has seen expansion of welfare, but not big-ticket private investment.

Jharkhand BJP Urges Prompt Police Salary Disbursement

Jharkhand BJP Urges Prompt Police Salary Disbursement

Rediff.com28 Apr 2026

The opposition BJP in Jharkhand has demanded the prompt payment of salaries to police personnel, which have been withheld following alleged irregularities in treasury funds across several districts. The police association claims that over 70,000 personnel have not received their salaries since March due to ongoing investigations into the matter.

HDFC Bank Q4 deposits grow 15% YoY, advances jump 12%

HDFC Bank Q4 deposits grow 15% YoY, advances jump 12%

Rediff.com4 Apr 2026

HDFC Bank reports a 12% credit growth for the March quarter, alongside the unexpected resignation of its chairman, Atanu Chakraborty, due to ethical concerns.

40,000+ Government Posts Vacant in Jammu and Kashmir: What's Being Done?

40,000+ Government Posts Vacant in Jammu and Kashmir: What's Being Done?

Rediff.com10 Mar 2026

The Jammu and Kashmir government is working to fill over 40,000 vacant posts across various departments, with a focus on health, education, and general administration.

Samrat Choudhary's govt wins trust vote in Bihar assembly

Samrat Choudhary's govt wins trust vote in Bihar assembly

Rediff.com24 Apr 2026

The BJP-led government in Bihar secured a vote of confidence in the state assembly, with Chief Minister Samrat Choudhary pledging economic development and significant investments. The motion was passed amidst heated debates and accusations between the ruling NDA and the opposition, highlighting political tensions and differing views on issues like women's reservation.

Delhi bank staff held over cyber fraud targeting retired doctor

Delhi bank staff held over cyber fraud targeting retired doctor

Rediff.com15 Apr 2026

A Delhi court has granted transit remand to Telangana Police for two Delhi-based bank employees arrested in connection with a cyber fraud targeting a retired doctor in Hyderabad.

Hazaribag SP Office Treasury Scam: Arrests Increase, Embezzlement Reaches Rs 28 Crore

Hazaribag SP Office Treasury Scam: Arrests Increase, Embezzlement Reaches Rs 28 Crore

Rediff.com10 Apr 2026

The Hazaribag Superintendent of Police (SP) Office treasury scam has widened, with more arrests made and the embezzlement amount increasing to Rs 28 crore. The investigation is ongoing, with teams sent to Bihar to trace the money trail and assets acquired through the scam.

Hazaribag Treasury Scam: Arrests Increase as Embezzlement Reaches 28 Crore

Hazaribag Treasury Scam: Arrests Increase as Embezzlement Reaches 28 Crore

Rediff.com10 Apr 2026

The Hazaribag Superintendent of Police (SP) Office treasury scam has seen further developments with more arrests and a significant increase in the embezzlement amount to 28 crore. The investigation continues, with authorities pursuing leads in Bihar and freezing suspicious accounts.