News for 'Department of Financial Services'

Learnt a lot: Jugraj Singh on his India debut

Learnt a lot: Jugraj Singh on his India debut

Rediff.com14 Feb 2022

Jugraj made his International debut against France during the FIH Hockey Pro League matches in South Africa

We need Modi the Thanedar, not Chowkidar

We need Modi the Thanedar, not Chowkidar

Rediff.com8 Apr 2022

I am not sure if Modi can ever act as a chowkidar, even if he wants to. But he can surely act as a thanedar, by ensuring a fast resolution of corruption cases once they come to light. Exemplary action is easier and will burnish his anti-corruption image, argues Debashis Basu.

Microsoft gives ONDC its first Big Tech push

Microsoft gives ONDC its first Big Tech push

Rediff.com10 Aug 2022

Microsoft has become the first global Big Tech company to join the Open Network for Digital Commerce (ONDC), an Indian government initiative for developing a first-of-its-kind open network for digital commerce. The world's second-largest technology firm intends to introduce social e-commerce via its app in the Indian market later this year. ONDC is expected to open to the public in Bengaluru over the next fortnight as it enters into the next phase of the pilot for further fine-tuning before rollouts in other cities, according to a source in the know.

Hitachi appoints first Indian as country MD

Hitachi appoints first Indian as country MD

Rediff.com28 Apr 2017

An alumnus of St Stephen's College, Delhi, his professional career began in the early 1990s. He completed a Master's degree in international affairs from Columbia University during 1996-98. And an MBA from Northeastern University, Boston.

Time For Modi To Redesign The IAS

Time For Modi To Redesign The IAS

Rediff.com6 May 2022

Narendra Modi's real legacy will be if he can redesign the IAS and the concept of an all-India service, argues T C A Srinivasa Raghavan.

More bad news: Vodafone Idea may get notice for licence fee delay

More bad news: Vodafone Idea may get notice for licence fee delay

Rediff.com20 Aug 2021

The Department of Telecommunications (DoT) is in the process of issuing a show-cause notice to Vodafone Idea (Vi) for delaying the payment of licence fee. Companies pay 8 per cent of their adjusted gross revenue as licence fee. This also includes a universal service obligation levy. The fee is collected from each of the 22 telecom circles in the country on a quarterly basis.

Major changes in finance ministry after Budget

Major changes in finance ministry after Budget

Rediff.com10 Jan 2017

Three key babus will make room for a new set of officers to carry the baton of Budget programmes.

Pak failed to stop LeT, JeM funds, recruiting: US

Pak failed to stop LeT, JeM funds, recruiting: US

Rediff.com2 Nov 2019

The US State Department, in its Congressional mandated annual Country Reports on Terrorism for the year 2018, on Friday said even though the Pakistani government voiced support for political reconciliation between the Afghan government and the Taliban, it did not restrict the terror group and the Haqqani Network from operating in Pakistan-based safe havens and threatening the US and Afghan forces in Afghanistan.

Tax shortfall: Finmin asks banks to deposit March TDS by month end

Tax shortfall: Finmin asks banks to deposit March TDS by month end

Rediff.com29 Mar 2015

Tax shortfall: Finmin asks banks to deposit March TDS by month end.

2021: A year of many firsts for the revenue dept

2021: A year of many firsts for the revenue dept

Rediff.com23 Dec 2021

A record GST tax collection, an overhaul of the income tax return filing portal and the landmark move to scrap retrospective taxation have set the stage for the next level of reforms in tax administration that include bringing a framework for cryptocurrencies and rationalising the GST rate structure. With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination. The task ahead is going to be a tough one as the tax department would grapple with taxing cryptocurrencies, rationalising Goods and Services Tax (GST) rates to shore up revenues and post June 2022, the scenario of how the GST revenue plays out for states without the Centre's support of compensation.

Sumit Bose likely to head PFRDA

Sumit Bose likely to head PFRDA

Rediff.com3 Dec 2013

The term of the last chairman of the pension regulator, Yogesh Agarwal, was cut short by the finance ministry in November.

Now, ED may launch money laundering probe into Delhi excise policy

Now, ED may launch money laundering probe into Delhi excise policy

Rediff.com19 Aug 2022

The Enforcement Directorate (ED) may initiate a money laundering investigation over the framing and execution of the Aam Aadmi Party government's excise policy, official sources said on Friday after the Central Bureau of Investigation raided Delhi Deputy Chief Minister Manish Sisodia and others in the matter.

ATM transaction charges may rise

ATM transaction charges may rise

Rediff.com19 Feb 2019

Interchange fee is the amount charged by ATM operators for every transaction.

RBI plans radical overhaul of customer protection norms

RBI plans radical overhaul of customer protection norms

Rediff.com20 May 2014

The framework governing customer protection should consist of fairness and transparency of rule.

NPAs under Mudra scheme rise to 5% for public sector banks

NPAs under Mudra scheme rise to 5% for public sector banks

Rediff.com24 Sep 2020

Former RBI governors Urjit Patel and Raghuram Rajan have also expressed worry about the Mudra scheme, particularly government's target-setting practice and the rising bad loans.

Sitharaman may announce 2nd coronavirus relief package this week

Sitharaman may announce 2nd coronavirus relief package this week

Rediff.com6 Apr 2020

The finance ministry is working on a second relief package for the Indian economy hit hard by the coronavirus outbreak and the 21-day nationwide lockdown imposed to curb the contagion, sources said. Last month, the government announced a Rs 1.70 lakh crore relief package in the form of foodgrains and cash transfers for the poor and vulnerable section of the society to help them deal with the hardships caused by the lockdown. Now, the government is working on a stimulus to be given to hard-hit sectors of the economy after the lockdown is lifted, sources said, adding that an announcement is expected in the next few days depending on the severity of the pandemic.

Sebi asks Indiabulls to take a few corrective measures

Sebi asks Indiabulls to take a few corrective measures

Rediff.com5 Mar 2022

Market regulator Securities and Exchange Board of India (Sebi) in its investigation against Indiabulls Housing Finance has found the mortgage financier non-compliant with regards to unavailability of certain information on its website as well as its internal policy. Thereby, it has directed the company to take corrective measures and inform the stock exchanges in a months' time. Several public interest litigations (PILs) and FIRs were filed against Indiabulls Housing Finance back in 2019, alleging irregularities, siphoning of funds, and other violations committed by the promoters of the company.

Tax net: Foreign portfolio investors caught in a bind

Tax net: Foreign portfolio investors caught in a bind

Rediff.com6 Feb 2015

At least 200 investors have to furnish financial statements

'Can my tax filing mistakes be corrected?'

'Can my tax filing mistakes be corrected?'

Rediff.com20 Dec 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.

Govt not to allow review of convicted bureaucrats' suspension

Govt not to allow review of convicted bureaucrats' suspension

Rediff.com29 Apr 2020

The Department of Personnel and Training (DoPT) has decided to amend the All India Services (discipline and appeal) Rules, 1969, applicable to IAS, IPS and IFS officers, in this regard.

Budget 2022: India Inc pitches for more reforms and tax stability

Budget 2022: India Inc pitches for more reforms and tax stability

Rediff.com16 Dec 2021

India Inc on Thursday pitched for continuation of reforms while ensuring tax and policy stability in the forthcoming Budget to prop up the economy hit hard by the COVID-19 pandemic. In the virtual pre-Budget consultation held with Finance Minister Nirmala Sitharaman, industry chambers said that government measures will help firmly entrench the nascent signs of recovery being currently seen in private investment. Capital expenditure by the government through enhanced infrastructure spending should in the meantime continue to support growth, CII president TV Narendran said.

What will Maharaj do after Maharaja is sold?

What will Maharaj do after Maharaja is sold?

Rediff.com25 Nov 2021

There is no reason for keeping an entire ministry with a total staff strength of 2,300, just for the oversight of a few aviation sector laws and regulatory bodies, notes A K Bhattacharya.

Ratan Watal is new finance secretary

Ratan Watal is new finance secretary

Rediff.com31 Aug 2015

Watal a 1978-batch Andhra Pradesh cadre IAS officer.

I-Day celebrations: Govt wants BCCI to host India vs World XI match

I-Day celebrations: Govt wants BCCI to host India vs World XI match

Rediff.com10 Jul 2022

The government has sent a proposal to the Board of Control for Cricket in India (BCCI) to organise a cricket match on August 22 between India and the rest of the world as part of celebrations to mark 75 years of India's independence.

US charges N Korean programmer with WannaCry, other cyberattacks

US charges N Korean programmer with WannaCry, other cyberattacks

Rediff.com7 Sep 2018

Park is charged with one count of conspiracy to commit computer fraud and abuse and one count of conspiracy to commit wire fraud.

Why FinMin is worried about fund infusion for 3 insurance firms

Why FinMin is worried about fund infusion for 3 insurance firms

Rediff.com13 Feb 2020

Since no insurance companies share data on their claims with each other, the finance ministry and Irdai suspect that a lot of the resultant claims are duplicates.

'Govt won't own a single share in Air India'

'Govt won't own a single share in Air India'

Rediff.com20 Oct 2021

'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.'

20 Ways the Indian Military CHANGED

20 Ways the Indian Military CHANGED

Rediff.com12 Jun 2021

20 defence ministry reforms 'is a reflection of the resolve of the government to make the defence sector stronger and more efficient.'

Group Mediclaim: 7 Benefits To Know

Group Mediclaim: 7 Benefits To Know

Rediff.com12 Jul 2022

Sanil Basutkar, Co-founder, HealthySure, lists the benefits of availing a group health insurance policy.

Finance ministry rules out COO appointment in RBI

Finance ministry rules out COO appointment in RBI

Rediff.com14 Aug 2014

The finance ministry has ruled out the proposal for the appointment of a chief operating officer (COO) of the rank of deputy governor in the Reserve Bank of India (RBI), as the government feels no interim arrangements should be made for such high-profile appointments.

CVC red-flags loans handling by banks' junior staff

CVC red-flags loans handling by banks' junior staff

Rediff.com23 Nov 2015

The Commission observed vulnerability of junior untrained staff on probation and their misuse by senior officials.

Centre to sign peace accord with Assam's tribal militants this month: Himanta

Centre to sign peace accord with Assam's tribal militants this month: Himanta

Rediff.com6 Sep 2022

Assam Chief Minister Himanta Biswa on Tuesday said that the Centre is likely to sign a peace accord with militant organisations from the state's Adivasi communities within September.

Budget has a vaccine for banking's virus

Budget has a vaccine for banking's virus

Rediff.com17 Feb 2021

Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.

Top bureaucrat takes a jibe at RBI

Top bureaucrat takes a jibe at RBI

Rediff.com3 Nov 2018

Economic Affairs Secretary Subhash Garg is the finance ministry's primary liaison with the RBI.

South Africa's Gupta brothers arrested in Dubai

South Africa's Gupta brothers arrested in Dubai

Rediff.com7 Jun 2022

The Gupta brothers are accused in South Africa of using their relationship with former president Zuma to profit financially and influence senior appointments, charges that they have vehemently denied.

Rs 2,00,00,00,00,000 'laundered' through penny stocks

Rs 2,00,00,00,00,000 'laundered' through penny stocks

Rediff.com24 Dec 2014

Capital markets regulator, I-T department suspect tax evasion and market manipulation

Rain fury claims 30 lives as 5th thunderstorm in a month batters Mumbai

Rain fury claims 30 lives as 5th thunderstorm in a month batters Mumbai

Rediff.com18 Jul 2021

Mumbai recorded over 250 mm of rain in just three hours (between midnight and 3 am), touching 305 mm by 7 am on Sunday, a meteorologist said.

State-run banks come to the rescue of MSMEs

State-run banks come to the rescue of MSMEs

Rediff.com11 Dec 2019

Banks will also consider requests from MSMEs for restructuring their stressed standard assets. So far, only 25 per cent of the around 1 million eligible MSMEs have taken benefit of the RBI's special dispensation.

Realty goldmine or citizen minefield, Dharavi makeover gets wiggle room

Realty goldmine or citizen minefield, Dharavi makeover gets wiggle room

Rediff.com10 Oct 2022

Shankar Prajapati, a 57-year-old potter in Dharavi, has given up hope of getting a bigger house for his family. He lives cheek by jowl in a hutment measuring 200 square (sq.) feet (ft) in the nondescript shanty town. "We have surrendered to our fate. We cannot wait forever for better accommodation. "Perhaps we are not meant to dream big," despairs Prajapati. Raju Korde, president, Dharavi Redevelopment Committee, and a local resident, agrees with Prajapati.

'Missed IT notice as well as response time. Help'

'Missed IT notice as well as response time. Help'

Rediff.com7 Nov 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.