News for 'Department of Financial Services'

Jharkhand to Provide Financial Aid to Crime Victims

Jharkhand to Provide Financial Aid to Crime Victims

Rediff.com1 days ago

The Jharkhand government will provide financial assistance to victims of crime or their dependents under the Jharkhand Victim Compensation Scheme, 2016. Minimum compensation amounts have been fixed for various crimes, with applications submitted to the District Legal Services Authority (DLSA).

Guess Which State's Sweepers Earn Rs 2 Lakh Salary?

Guess Which State's Sweepers Earn Rs 2 Lakh Salary?

Rediff.com1 days ago

The Telangana government's salary structure reveals surprising figures, with senior sweepers earning up to 2 lakh and chief engineers drawing 7 lakh monthly.

'Global Uncertainties Are Of A Magnitude We've Never Seen Before'

'Global Uncertainties Are Of A Magnitude We've Never Seen Before'

Rediff.com2 Feb 2026

'Global uncertainty is something which definitely occupies the minds of officials when we are preparing for the Budget.'

Gold, Silver Surge Pushes Jan Import Bill Up

Gold, Silver Surge Pushes Jan Import Bill Up

Rediff.com19 Feb 2026

Gold imports climbed 349.22 per cent to $12.07 billion in January, while silver imports rose 127 per cent to $2 billion.

Blow to Trump as US Supreme Court strikes down his sweeping tariffs

Blow to Trump as US Supreme Court strikes down his sweeping tariffs

Rediff.com7 days ago

The verdict marks a notable shift from a series of recent wins for Trump at the Supreme Court.

How The Taxman Plans To Close Cases Faster

How The Taxman Plans To Close Cases Faster

Rediff.com11 Feb 2026

Building on last year's clearance of 172K cases, I-T department is pushing for faster appeal disposals, penalty reforms and system-driven processes to curb litigation and boost tax certainty.

Supreme Court's ruling on tariffs is deeply disappointing: Trump

Supreme Court's ruling on tariffs is deeply disappointing: Trump

Rediff.com6 days ago

The ruling is expected to have wide-ranging consequences for global trade, businesses, consumers, inflation trends and household finances across the country.

Budget 2026: The Industry Wishlist...

Budget 2026: The Industry Wishlist...

Rediff.com29 Jan 2026

Investors and startup executives are calling for extending the period for an entity to be recognised as a startup from 10 to 15 years for deep-tech companies.

Selling Land Is Not a Service, Rules Supreme Court

Selling Land Is Not a Service, Rules Supreme Court

Rediff.com12 Nov 2025

The Supreme Court has said that selling land or property is not a service under the Finance Act, 1994, so such sales cannot be charged with service tax.

Budget 2026 boosts healthcare spend, drugs relief

Budget 2026 boosts healthcare spend, drugs relief

Rediff.com1 Feb 2026

The government on Sunday gave a strong push to upgradation and expansion of healthcare infrastructure, medical education and pharma sector with the Union Budget 2026-27 announcing a slew of steps, including those aimed at making India a global hub for allied healthcare professionals and biopharma manufacturing.

India-US Deal Shields Farmers

India-US Deal Shields Farmers

Rediff.com4 Feb 2026

New Delhi will substantially reduce tariffs on industrial and agricultural goods while continuing to protect sensitive sectors. Tariffs on some agricultural products that are not traditionally considered sensitive will be brought down to zero, while in the case of relatively sensitive items, duties will be reduced in a graded manner and quotas will be imposed.

Zubeen Garg's death: ED, I-T dept to probe event manager's financial crimes

Zubeen Garg's death: ED, I-T dept to probe event manager's financial crimes

Rediff.com3 Oct 2025

The Enforcement Directorate (ED) and Income Tax (I-T) Department are likely to join the Assam Police in investigating alleged organised financial crimes and acquisition of benami properties by event manager Shyamkanu Mahanta, an accused in the death of Assam's cultural icon Zubeen Garg.

GST reforms expected to ignite animal spirits in financial sector: DEA secy

GST reforms expected to ignite animal spirits in financial sector: DEA secy

Rediff.com18 Nov 2025

Noting that recent uncertainties created by global tariffs have not impacted the Indian economy severely, Anuradha Thakur, secretary, Department of Economic Affairs, said the central government is hopeful that the recent goods and services tax (GST) rationalisation will ignite the much needed animal spirits in the financial sector.

Will 1600 Number Stop Scam Calls?

Will 1600 Number Stop Scam Calls?

Rediff.com20 Nov 2025

Trai has ordered BFSI firms to move service and transaction calls to the 1600 series from 2026 to reduce spam, financial fraud, and rising digital arrest scams.

Govt notifies rules to enable 100% FDI in insurance sector

Govt notifies rules to enable 100% FDI in insurance sector

Rediff.com1 Jan 2026

Following the notification allowing 100 per cent foreign direct investment (FDI) in the insurance sector, the Finance Ministry has revised norms to remove the requirement that a majority of directors and key management personnel in an insurance company with foreign investment be Indian residents.

FinMin: No Directions Given to LIC on Investments

FinMin: No Directions Given to LIC on Investments

Rediff.com2 Dec 2025

'LIC's investment decisions are taken independently, following strict due diligence, risk assessment and fiduciary compliance.'

Why 2026 Is Crucial Year For India's Military

Why 2026 Is Crucial Year For India's Military

Rediff.com14 Jan 2026

'The tools of warfare are changing. The MoD must deepen its engagement with technology thinkers that can present compelling visions of where warfare may be heading.'

Why Is I-T Department Cracking Down On...

Why Is I-T Department Cracking Down On...

Rediff.com1 Oct 2025

Do not panic on receiving a notice. Verify if your work falls under professions notified in Section 44AA(1).

State Bank of India readies plan to ease KYC process

State Bank of India readies plan to ease KYC process

Rediff.com5 Nov 2025

State Bank of India has embarked on a drive to cut the Know Your Customer (KYC) process to a single one across its branches, a top official said on Tuesday.

Indore diarrhoea outbreak: Contaminated water kills 7

Indore diarrhoea outbreak: Contaminated water kills 7

Rediff.com31 Dec 2025

A diarrhoea outbreak in Indore, India, has resulted in multiple deaths, with contaminated water suspected as the cause. Authorities are investigating and providing assistance to affected families.

Inefficiency in MFIs leads to high interest rates: DFS secretary M Nagaraju

Inefficiency in MFIs leads to high interest rates: DFS secretary M Nagaraju

Rediff.com14 Nov 2025

The reduction in the number of loan accounts and the outstanding amount during the last financial year is a cause of concern and stress for microfinance institutions (MFI), Secretary, Department of Financial Services, M Nagaraju said on Thursday, highlighting "inefficiency" in MFIs that leads to higher rates of interest.

New GDP series to improve informal sector estimates

New GDP series to improve informal sector estimates

Rediff.com1 Jan 2026

India's new national accounts will leverage new data sources and surveys to enhance the measurement of the country's informal economy, and introduce double deflation methods across sectors, replacing the current system that relies on a single deflation mechanism in Gross Domestic Product (GDP) calculations.

Air India Delhi-New York flight suffers engine damage at Delhi airport

Air India Delhi-New York flight suffers engine damage at Delhi airport

Rediff.com16 Jan 2026

An Air India Airbus A350 sustained engine damage after ingesting a baggage container while taxiing at Delhi airport. The incident occurred after the flight returned to Delhi due to the unexpected closure of Iranian airspace. The DGCA is investigating.

Activist Harjeet Singh held after ED raids; Pak, B'desh trips under lens

Activist Harjeet Singh held after ED raids; Pak, B'desh trips under lens

Rediff.com6 Jan 2026

The Uttar Pradesh excise department arrested climate activist Harjeet Singh for allegedly possessing excess liquor after the ED searched his premises in connection with a foreign exchange violation case. The ED is investigating the misuse of funds received from abroad and Singh's visits to Pakistan and Bangladesh.

Some naturalised Americans likely to lose citizenship

Some naturalised Americans likely to lose citizenship

Rediff.com19 Dec 2025

The Trump administration is looking at plans to strip some naturalised Americans of their citizenship, the latest in a series of efforts undertaken by President Donald Trump to crack down on immigration.

Rajiv Takru is the new Financial Services Secretary

Rajiv Takru is the new Financial Services Secretary

Rediff.com1 Feb 2013

He was previously Prasar Bharti CEO.

IT Firms Brace For DPDP With Minimal Disruption

IT Firms Brace For DPDP With Minimal Disruption

Rediff.com26 Nov 2025

'The impact will be minimal and it will only increase compliance cost on consent, data flows, localisation timelines, internal audits, data mapping, and new tooling.'

Vi gets a decade to breathe easy on AGR dues; DoT to reassess liabilities

Vi gets a decade to breathe easy on AGR dues; DoT to reassess liabilities

Rediff.com10 Jan 2026

India's third-largest telecom operator Vodafone Idea (Vi) has secured a 10-year breather on adjusted gross revenue (AGR) payments from the Department of Telecommunications (DoT). This is expected to ease pressure on its balance sheet and enable the company to raise bank debt for capital expenditure.

Make demergers tax-neutral, biz houses nudge govt

Make demergers tax-neutral, biz houses nudge govt

Rediff.com26 Nov 2025

Ahead of the Union Budget 2026-27, Indian business houses have urged the government to make demergers tax-neutral, particularly in cases involving transfer of investments in associate companies with 25 per cent or more shareholding, under the new Income Tax Act. This may possibly help some companies planning to go public, according to a source.

White collar terror module: Kashmir starts profiling mosques, madrasas

White collar terror module: Kashmir starts profiling mosques, madrasas

Rediff.com13 Jan 2026

Authorities in Kashmir have initiated a profiling process of mosques, madrassas, and individuals associated with their management following the exposure of a 'white collar' terror module. The enumeration drive focuses on the finances of these institutions and the backgrounds of their personnel.

Ration shops to double up as financial service providers in Chhattisgarh

Ration shops to double up as financial service providers in Chhattisgarh

Rediff.com22 Nov 2022

The Chhattisgarh government has decided to set up model fair-price shops (FPS) in each district and encourage owners to act as banking correspondents for providing financial services. The state has around 12,300 fair-price shops across 33 districts. The state government is, however, encouraging FPS owners to provide a host of services besides acting as a banking correspondent.

Govt approves schemes worth Rs 45,000 cr to boost exports

Govt approves schemes worth Rs 45,000 cr to boost exports

Rediff.com12 Nov 2025

The government on Wednesday approved two schemes worth Rs 45,000 crore to help exporters tide over the impact of high tariffs imposed by the US on Indian shipments.

GIFT City Raises A Glass to Global Business

GIFT City Raises A Glass to Global Business

Rediff.com24 Dec 2025

The latest move removes one of the key friction points for visitors, temporary liquor permits, while allowing licensed hotels and restaurants operational flexibility.

Airtel to call for Rs 15,741 cr tranche of rights issue

Airtel to call for Rs 15,741 cr tranche of rights issue

Rediff.com19 Dec 2025

India's second-largest telecom service provider Bharti Airtel will call in March 2026 the final tranche of about Rs 15,741 crore from its 2021 rights issue of Rs 21,000 crore, proceeds from which will be used towards retiring majority of non-government-related debt.

Why steel tycoon Lakshmi Mittal is leaving UK

Why steel tycoon Lakshmi Mittal is leaving UK

Rediff.com23 Nov 2025

Indian-origin steel magnate Lakshmi N Mittal, until now based in Britain and a regular on the country's richest billionaires tally, has decided to quit the UK as the Labour Party-led government's feared tax shake-up for the super-rich nears, according to a UK media report on Sunday.

'Direct threat to US': Trump sanctions Indian firms

'Direct threat to US': Trump sanctions Indian firms

Rediff.com21 Nov 2025

The Trump administration has sanctioned entities and individuals from India involved in sales of Iran's petroleum and petroleum products, saying the funds from this trade support Tehran's regional terrorist proxies and procure weapons systems that are a direct threat to the US.

How Your Grievances Can Be Fixed!

How Your Grievances Can Be Fixed!

Rediff.com14 Oct 2025

CPGRAMS -- an online platform available to citizens 24x7 to lodge their grievances to public authorities on service delivery -- has existed for close to two decades. But it has never been this active, points out Tamal Bandyopadhyay.

National summit on financial services at GIFT City

National summit on financial services at GIFT City

Rediff.com19 Feb 2014

Gujarat Chief Minister Narendra Modi was the Chief Guest at the event.

Indian-origin man's death exposes hospital bed crunch in Canada

Indian-origin man's death exposes hospital bed crunch in Canada

Rediff.com27 Dec 2025

The wife of an Indian-origin man who died after waiting over eight hours for treatment at a Canadian hospital is seeking accountability. The man, Prashant Sreekumar, died of suspected cardiac arrest after a prolonged wait, raising concerns about hospital bed shortages and potential negligence.

CAG to conduct pan-India audit on ease of doing biz for MSMEs

CAG to conduct pan-India audit on ease of doing biz for MSMEs

Rediff.com20 Nov 2025

The Comptroller and Auditor General of India (CAG) has launched an integrated audit across 32 states and Union Territories to assess the ease of doing business for the micro, small and medium enterprise (MSME) sector.