News for 'Department of Financial Services'

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.

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.

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.

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.

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.

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.

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.

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.

PM suggests Aadhaar-based e-tracking of pension cases

PM suggests Aadhaar-based e-tracking of pension cases

Rediff.com15 Jun 2015

So far 2,06,024 pensioners have submitted DLCs.

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.

Meet Subhash C Garg, the new DEA secretary

Meet Subhash C Garg, the new DEA secretary

Rediff.com23 Jun 2017

DEA is currently headed on an interim basis by Corporate Affairs Secretary Tapan Ray

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.

How RBI can prevent frauds

How RBI can prevent frauds

Rediff.com29 Oct 2020

Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.

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.

IL&FS sells environment biz to pare Rs 1,200 cr debt

IL&FS sells environment biz to pare Rs 1,200 cr debt

Rediff.com7 Apr 2021

Bankrupt Infrastructure Leasing & Financial Services (IL&FS) has sold the entire stake in the waste management arm IL&FS Environmental Infrastructure & Services (IEISL) and its subsidiaries to EverEnviro Resource Management (EverEnviro), an arm of the PE major Everstone Group, the companies said in separate statements. Though the value of the deal was not specifically disclosed, the crippled IL&FS -- which is under bankruptcy proceedings in NCLT -- said the sale will reduce its overall debt by Rs 1,200 crore, which is the combined debt of entities under the group's environment businesses. IL&FS Environmental Infrastructure & Services (IEISL) is one of the leading integrated waste management companies that is into municipal solid waste management apart from presence across various segments including construction and demolition, collection and transportation and waste to energy and currently manages over 8,400 tonnes per day solid municipal waste.

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.

FinMin mulls splitting CMD post for PSU banks

FinMin mulls splitting CMD post for PSU banks

Rediff.com25 Aug 2014

The posts of Chairman and MD in the private sector are held separately.

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.

JP Morgan plans Mumbai research unit

JP Morgan plans Mumbai research unit

Rediff.com25 Apr 2003

JP Morgan Chase & Co plans to set up an offshore research department in Mumbai, in Wall Street's newest effort to lower costs in the face of weak equities business and a stricter regulatory environment.

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.

Compare Form 16 with 26AS before filing income-tax return: Experts

Compare Form 16 with 26AS before filing income-tax return: Experts

Rediff.com24 Jun 2022

Attention to details is paramount when filing income-tax return (ITR). By mid-June, employees receive Form 16 from their employers. The first step in filing ITR is to compare Form 26AS with Form 16. If there are discrepancies in the figures quoted in the two documents, they need to be rectified.

An insider's view on how to improve civil service recruitment

An insider's view on how to improve civil service recruitment

Rediff.com21 Oct 2015

We can learn much from China with regards to making civil service recruitment more efficient, says former diplomat Kishan S Rana.

Lok Ranjan, govt's nominee on ICICI board, transferred

Lok Ranjan, govt's nominee on ICICI board, transferred

Rediff.com11 May 2018

Ranjan was nominated to the board of ICICI Bank on April 7

FinMin not stamping postal bank plan

FinMin not stamping postal bank plan

Rediff.com7 Apr 2014

Two key depts in ministry cold to rationale for one; postal dept says it's more eligible than IDFC or Bandhan, feels 'strong lobby' scuttling its plans.

Kerala announces complete lockdown from May 8

Kerala announces complete lockdown from May 8

Rediff.com7 May 2021

Strict lockdown-like restrictions are already in place in the southern stateand the Pinarayi Vijayan government decided to clamp the complete shutdown in the wake of severe spike in the positive cases.

Govt to take Rs 6500 cr hit for interest waiver on loans

Govt to take Rs 6500 cr hit for interest waiver on loans

Rediff.com24 Oct 2020

In a festival gift to borrowers, the finance ministry on Wednesday approved guidelines for a scheme for grant of ex-gratia payment of the difference between compound interest and simple interest for six months of loans up to Rs 2 crore.

Ministries spar over due-diligence reports

Ministries spar over due-diligence reports

Rediff.com11 Dec 2013

DFS writes to departments that haven't responded to RBI's request for information.

Mukesh Ambani, Dilip Shanghvi among 11 players to make banking easier!

Mukesh Ambani, Dilip Shanghvi among 11 players to make banking easier!

Rediff.com20 Aug 2015

Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.

Why LIC IPO is unlikely this fiscal

Why LIC IPO is unlikely this fiscal

Rediff.com22 Sep 2020

A lot of work is needed to be done on the part of the insurance sector behemoth, and the government, before it is ready for its market debut.

Govt reshuffles bureaucrats, Air India chairman is aviation secretary

Govt reshuffles bureaucrats, Air India chairman is aviation secretary

Rediff.com22 Sep 2021

Air India Chairman Rajiv Bansal has been appointed as the new aviation secretary as part of a major top-level bureaucratic reshuffle effected by the Centre on Wednesday. K Rajaraman, additional secretary in the department of economic affairs, has been appointed as secretary, department of telecommunications, a personnel ministry order said.

Govt agrees to Air India employees' main demands

Govt agrees to Air India employees' main demands

Rediff.com25 Aug 2021

The central government has agreed in-principle to Air India employees' main demands. It fears an industrial dissension now could impede the process of privatisation. It has agreed to bear the cost of liquidation loss on account of transfer to the Employees' Provident Fund Organisation (EPFO) from company-owned trusts, inclusion of employees in the central government health scheme (CGHS), and encashment of leaves. The template of the Air India process will be followed for other public sector undertakings up for privatisation at a later date.

Why India denied China 5-G trial

Why India denied China 5-G trial

Rediff.com3 Jun 2021

Given the security dilemma prevailing between India and China, India should curb the operation of Chinese telecom companies in India, asserts Dr Rup Narayan Das.

Govt banks may go after personal guarantors of bad loans

Govt banks may go after personal guarantors of bad loans

Rediff.com27 Aug 2020

The finance ministry has asked public sector banks to monitor cases where insolvency proceedings could be initiated against individuals who are guarantors of corporate debtors that have defaulted on loans.

'How Long Should I Wait For An IPO?'

'How Long Should I Wait For An IPO?'

Rediff.com28 Apr 2022

'Had there been no war, maybe, we would come out with a 7.5 per cent stake sale.' 'At this point in time, a 3.5 per cent stake sale looked good.'

Foreign investors get tax relief for AIF investment

Foreign investors get tax relief for AIF investment

Rediff.com11 Aug 2020

Alternative Investment Fund refers to any fund established or incorporated in India which is a privately pooled investment vehicle that collects funds from sophisticated investors, whether Indian or foreign.

Govt to snip red-tape in PSU sale approval, cut time frame by 90%

Govt to snip red-tape in PSU sale approval, cut time frame by 90%

Rediff.com7 Apr 2021

The idea is to do away with the need for the approval of the Core Group of Secretaries on Divestment for privatisation of companies, especially in non-strategic sectors.

FinMin warns PSU banks on costly cars for staff

FinMin warns PSU banks on costly cars for staff

Rediff.com15 Mar 2016

In April 2004, the ministry had permitted banks to purchase new vehicles for replacement or otherwise on "need basis".

No salaries for sitting at home, LG warns protesting Kashmiri Pandits

No salaries for sitting at home, LG warns protesting Kashmiri Pandits

Rediff.com21 Dec 2022

Sinha made the remark amid the ongoing protest by migrant Kashmiri Pandit employees and Jammu-based reserved category employees who left the Valley for Jammu in May following the targeted killings of their two colleagues -- Rahul Bhat and Rajni Bhalla. The protesting employees have been seeking relocation outside Kashmir.