News for 'Department of Financial Services'

Delhi extends ban on construction, demolition works till further orders

Delhi extends ban on construction, demolition works till further orders

Rediff.com29 Nov 2021

Delhi environment minister Gopal Rai on Monday said the ban on construction and demolition activities in Delhi will continue till further orders in view of the high air pollution levels.

Centre opens 10 joint secy level posts for 'outstanding individuals'

Centre opens 10 joint secy level posts for 'outstanding individuals'

Rediff.com10 Jun 2018

The initiative is being called lateral recruitment to senior positions in the government.

Pre-Budget Consultations To Begin Soon

Pre-Budget Consultations To Begin Soon

Rediff.com16 Nov 2022

Seven of the meetings will be held in late November or early December at the finance ministry, as is the norm.

Stung by shift from finance ministry, Garg seeks VRS

Stung by shift from finance ministry, Garg seeks VRS

Rediff.com25 Jul 2019

It was not immediately clear when Garg submitted his voluntary retirement scheme application to the government. It was also not known if the government would accept the application. If he hadn't applied for VRS, he would have retired from government service at the end of October 2020 on attaining of 60 years of age. Garg did not answer phone calls seeking his comments.

Rs 62,000 Crore GST Evasion Detected

Rs 62,000 Crore GST Evasion Detected

Rediff.com26 Dec 2022

'There are unscrupulous traders who create fake invoices by showing bogus e-way bills, movement of goods.' 'Since the entities registered across different states, and kept on changing their numbers, tracing them was difficult.'

How RBI plans to check banking fraud

How RBI plans to check banking fraud

Rediff.com29 Aug 2022

As part of its efforts to strengthen customer protection, Reserve Bank is considering setting up a fraud registry to create a database of fraudulent websites, phones and various modus operandi used for digital fraud. Such a database will help prevent these fraudsters from repeating the fraud as the websites or phone numbers would be blacklisted, RBI executive director Anil Kumar Sharma said on Monday. "There is no definite timeline for setting up of the fraud registry.

Punj Lloyd faces Rs 61-cr service tax evasion charges

Punj Lloyd faces Rs 61-cr service tax evasion charges

Rediff.com26 Feb 2014

Punj Lloyd voluntarily deposited Rs 1.06 crore (Rs 10.6 million) on the spot through challans when excise officials visited them during an investigation in the matter.

From electronics to semiconductor, MNCs in search of policy stability

From electronics to semiconductor, MNCs in search of policy stability

Rediff.com29 May 2023

Their favourite alternatives: Malaysia, Vietnam and the Philippines. Note, India is missing from that list. And this is despite an attractive financial incentive scheme for OSAT players. The reason, said a senior executive of a US chip company who had a meeting in Taiwan just a few weeks ago, is that "they want more predictability in government policy because they plan to put in big money."

Where is the surplus to service the railways' debt?

Where is the surplus to service the railways' debt?

Rediff.com6 May 2016

Every class of passenger travel, except three-tier AC, loses money.

New-look FRDI bill to offer higher deposit insurance

New-look FRDI bill to offer higher deposit insurance

Rediff.com17 Oct 2019

The government would be ironing out issues related to the controversial 'bail-in' clause in the earlier Bill, explore hiking the deposit insurance cover of customers, and decide whether the resolution framework should apply to public sector banks.

Licence to open bank branches may go

Licence to open bank branches may go

Rediff.com7 Jan 2008

The likely relaxation, however, will not apply to foreign banks.

Delhi HC says border skirmishes show leaner, fitter Army needed

Delhi HC says border skirmishes show leaner, fitter Army needed

Rediff.com27 Feb 2023

Policy decisions, particularly those which have wide-ranging implications on the nation's health and security, should be decided by bodies best suited to do so, the Delhi high court said on Monday while refusing to interfere with the Agnipath scheme.

Tatas top bidder for Air India, but no govt nod yet

Tatas top bidder for Air India, but no govt nod yet

Rediff.com1 Oct 2021

Tata Sons has emerged as the top bidder for the takeover of debt-laden State-run airline Air India but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah, sources said.

Census unlikely to take place before 2024 Lok Sabha elections

Census unlikely to take place before 2024 Lok Sabha elections

Rediff.com16 Dec 2022

Although the Disaster Management Act for Covid containment measures, considered a hindrance in conducting the census, was withdrawn in March this year the Centre has not taken any further action on conducting the much-delayed population enumeration.

Chidambaram's statement in 2014 on OROP was without cabinet nod: SC told

Chidambaram's statement in 2014 on OROP was without cabinet nod: SC told

Rediff.com22 Feb 2022

It added that following this, the Department of Ex-Servicemen Welfare of Ministry of Defence vide communication dated November 7, 2015, conveyed the policy of OROP for the defence force personnel.

FDI: IT pips leather, textiles

FDI: IT pips leather, textiles

Rediff.com20 Jun 2007

Data show leather got just 0.12% of the total FDI inflows during August 1991-March 2007.

Direct tax collection jumps 24% in first half of FY23

Direct tax collection jumps 24% in first half of FY23

Rediff.com9 Oct 2022

Gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year that started on April 1, the tax department said on Sunday. The gross collection of taxes on corporate earnings rose 16.74 per cent during April 1 to October 8, while personal income tax collection jumped 32.30 per cent, the tax department said in a statement. Direct tax collection came at Rs 8.98 lakh crore between April 1 to October 8, 2022, 23.8 per cent higher than the gross collection in the corresponding period a year ago.

UK's PM-in-waiting Liz Truss remains committed to India ties

UK's PM-in-waiting Liz Truss remains committed to India ties

Rediff.com5 Sep 2022

Newly-elected Conservative Party leader and prime minister in waiting Liz Truss is among the senior British politicians known for championing deeper India-UK strategic and economic ties, describing them as a "sweet spot" of global trade dynamics.

Many challenges await new FinMin secretary

Many challenges await new FinMin secretary

Rediff.com2 May 2020

The finance minister is ready to present a second financial package. The Centre has ruled out a mega stimulus and will rely on targeted, incremental packages. Industry is clamouring for a bailout, the liquidity upheaval in capital markets is nowhere close to being sorted out, and all budgetary forecasts now stand irrelevant, reports Arup Roychoudhury.

Want To Opt For EPF-EPS Joint Scheme?

Want To Opt For EPF-EPS Joint Scheme?

Rediff.com2 Mar 2023

Before opting for this scheme, consider how EPS is calculated.

Vodafone Idea in talks with vendors for 5G rollout

Vodafone Idea in talks with vendors for 5G rollout

Rediff.com16 Feb 2023

Vodafone Idea (Vi) is in continuous talks with network vendors to finalise its 5G rollout plans, Vodafone Idea CEO Akshaya Moondra said. "We are in early stages of 5G deployment. "5G is an important development and we are keeping our eyes on it," Moondra said on Wednesday in a post-result analyst call. Already five months behind rivals Jio and Airtel in the 5G race, Vi's efforts will be on the deployment of 5G in target geographies.

Will Jaitley present his 6th full Budget next year?

Will Jaitley present his 6th full Budget next year?

Rediff.com6 Dec 2018

A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will most likely present a full Budget on February 1, 2019.

Explained: How Covid got HR to relook its role in a changed world

Explained: How Covid got HR to relook its role in a changed world

Rediff.com17 Jan 2022

India Inc has weathered many a storm during Covid-19: from supply chain disruptions to demand dips, steep increase in input costs to shortage of key raw materials. As most companies navigated unprecedented challenges on multiple fronts, realisation dawned also about the criticality of employee welfare in the survival of the business. And it was the human resources (HR) department that faced the greatest test on this front.

Rain fury in Mumbai, Thane: 3 dead, alert issued for today

Rain fury in Mumbai, Thane: 3 dead, alert issued for today

Rediff.com29 Jun 2023

A 22-year-old person was killed and another one injured on Thursday after a tree fell on their hut in Mumbai as moderate to heavy rains lashed the city and its suburbs in the last 24 hours, officials said.

Reserved category J-K staffers join Pandits' stir seeking relocation, salaries

Reserved category J-K staffers join Pandits' stir seeking relocation, salaries

Rediff.com13 Feb 2023

They also demanded immediate release of their pending salaries in view of the 'Maha Shivratri' festival, being observed later this week.

SBI launches its first dedicated branch for start-ups in Bengaluru

SBI launches its first dedicated branch for start-ups in Bengaluru

Rediff.com16 Aug 2022

State Bank of India (SBI) on Tuesday announced the launch of its first "state-of-the-art" dedicated branch for start-ups in the country here, to facilitate and support them. The branch launched by SBI chairman Dinesh Khara is located in Koramangala, which alongside neighbouring HSR Layout and Indiranagar are the biggest start-up hubs in the city. "...overall we are in a position to provide end-to-end services to start-ups, with that in mind this particular start-up branch is the first start-up branch we are starting, from the capital city of start-ups- Bengaluru.

Additional secretary to replace fin secy in RBI board

Additional secretary to replace fin secy in RBI board

Rediff.com31 Jul 2015

RBI had a board meeting recently.

Karnataka Cabinet rolls out Cong's 5 poll guarantees

Karnataka Cabinet rolls out Cong's 5 poll guarantees

Rediff.com2 Jun 2023

The Cabinet held a detailed discussion regarding the five guarantees and its implementation, and has arrived at decisions, Siddaramaiah who headed the meeting told reporters.

Govt to inject Rs 2350 crore into Central Bank of India

Govt to inject Rs 2350 crore into Central Bank of India

Rediff.com20 Sep 2018

Capital infusion seen necessary for banks to maintain regulatory norms at the time of paying interest towards AT-1 bonds

What exactly transpired at Monday's RBI meet

What exactly transpired at Monday's RBI meet

Rediff.com20 Nov 2018

The differences revolved around the two topics of how much reserves the RBI should carry and whether the finance ministry had precipitated matters by invoking Section 7 of the RBI Act, that allows it to give directions to the RBI in public interest.

Tarun Bajaj posted as revenue secretary in IAS reshuffle

Tarun Bajaj posted as revenue secretary in IAS reshuffle

Rediff.com6 Apr 2021

Senior bureaucrat Tarun Bajaj was appointed revenue secretary as part of a top-level bureaucratic reshuffle by the Centre on Tuesday.

Can poor monsoons rain on the BSE's parade?

Can poor monsoons rain on the BSE's parade?

Rediff.com3 Jun 2019

Monsoons have had limited effect on market returns for a given year, report Sachin Mampatta and Sundar Sethuraman.

Modi govt reshuffles top secretaries; Ajay Bhalla to be new home secy

Modi govt reshuffles top secretaries; Ajay Bhalla to be new home secy

Rediff.com24 Jul 2019

The appointments committee of the Cabinet headed by Prime Minister Narendra Modi cleared Bhalla's appointment as OSD in the ministry with immediate effect.

Divestment's Tough Climate Call: The hurdle in govt's fund-raising path

Divestment's Tough Climate Call: The hurdle in govt's fund-raising path

Rediff.com4 Jan 2022

There is money to buy the central public sector enterprises, but buyers will need a firm assurance that the disvestment programme will keep environment issues front and centre of their corporate plans.

What To Check In Your Form 16

What To Check In Your Form 16

Rediff.com14 Jun 2023

Employees should review the accuracy and completeness of the information provided in Form 16. They should confirm that all the tax deducted has been credited correctly.

Indians divided over Elon Musk's Twitter acquisition

Indians divided over Elon Musk's Twitter acquisition

Rediff.com28 Oct 2022

With billionaire Elon Musk closing the deal to buy Twitter and firing the social media firm's four top executives, twitterati in India on Friday seemed divided with many who were vocal against content moderation on the platform hailing the development while others sounding a note of caution. Musk has completed his $44 billion (one billion=100 crore) takeover of Twitter and fired the social media company's four top executives, including CEO Parag Agrawal and legal executive Vijaya Gadde, according to the New York Times. Musk singled out Gadde, 48, criticising her for her role in content moderation decisions at the company, the report said.

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.

FinMin nods 8.65% interest on EPF for 2018-19

FinMin nods 8.65% interest on EPF for 2018-19

Rediff.com26 Apr 2019

According to the EPFO estimates, there would be a surplus of Rs 151.67 crore after providing 8.65 per cent rate of interest for 2018-19 on EPF.

Why did ED freeze Amway's Rs 757 crore?

Why did ED freeze Amway's Rs 757 crore?

Rediff.com6 May 2022

Amway maintains the action was related to a case in 2011 and it has been cooperating with the investigative agency.

Telecom, banks, railways get maximum number of complaints

Telecom, banks, railways get maximum number of complaints

Rediff.com10 Mar 2016

The telecom and banking departments along with the railways accounted for the maximum number of public grievances among the various arms of the government in the last three years.