News for 'Department of Financial Services'

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.

WB, Maha R-Day tableau rejected; Oppn targets Centre

WB, Maha R-Day tableau rejected; Oppn targets Centre

Rediff.com2 Jan 2020

Twenty-two proposals comprising 16 states and Union Territories and six ministries and departments have been shortlisted for participation in the parade after a series of five meetings.

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.

Why bankers are cold to Modi's Main Bhi Chowkidar campaign

Why bankers are cold to Modi's Main Bhi Chowkidar campaign

Rediff.com27 Mar 2019

AIBOC in a letter to the Prime Minister, has said the government should not expect the banking fraternity to "join the political campaign of #MainBhiChowkidar" unless issues related to merger of banks, salary revision and staff recruitment, among others, are addressed.

Chidambaram for mobilising resources from insurance, pension sectors

Chidambaram for mobilising resources from insurance, pension sectors

Rediff.com18 Jun 2013

The finance minister was speaking after launching the maiden IDF scheme of IIFCL Mutual Fund in New Delhi on Tuesday.

Infy's top leadership sees pay revision, COO may take home Rs 8 cr

Infy's top leadership sees pay revision, COO may take home Rs 8 cr

Rediff.com14 Oct 2016

The Bengaluru-based firm has also inducted founder and CEO of Surya Software Systems D N Prahlad as an independent director on its Board, effective October 14, 2016.

Family pensions upper ceiling raised from Rs 45,000 to Rs 1,25,000 per month

Family pensions upper ceiling raised from Rs 45,000 to Rs 1,25,000 per month

Rediff.com12 Feb 2021

"The amount of both the family pensions will now be restricted to Rs 1,25,000 per month, which is over two and half times higher than the earlier limit," said Singh, the Minister of State for Personnel.

'Lockdown-like' restrictions come into force in Maharashtra

'Lockdown-like' restrictions come into force in Maharashtra

Rediff.com14 Apr 2021

Section 144 of CrPC, prohibiting assembly of five or more people at one spot, will be in force during the period, Thackeray had said, but refrained from terming the new curbs as a lockdown.

Cabinet nod for steps to boost liquidity in realty sector

Cabinet nod for steps to boost liquidity in realty sector

Rediff.com31 Aug 2016

The Cabinet, chaired by Prime Minister Narendra Modi, allowed contractors to move to the new, speedier arbitration process, approved the release of 75 per cent of the amount in dispute against bank guarantees and provided for a conciliation board comprising independent domain experts in new contracts.

How Modi's SVAMITVA scheme aims to help rural property holders

How Modi's SVAMITVA scheme aims to help rural property holders

Rediff.com21 Oct 2020

SVAMITVA is a new government project that primarily aims to demarcate abadi areas that includes inhabitant land, inhabited areas contiguous to abadi and wadis/basties in rural areas, using drone surveying technology.

Union seeks transport, police protection for bank staff

Union seeks transport, police protection for bank staff

Rediff.com29 Mar 2020

Anticipating a sudden and huge crowd in bank branches following the announcement of various measures by the government on Friday, the AIBEA said since the number of employees in bank branches are very few, the crowds can pose a big risk for the bank staff as well as for the customers who might be visiting in large numbers.

Over 100,000 shell firm directors disqualified for five years

Over 100,000 shell firm directors disqualified for five years

Rediff.com13 Sep 2017

26 chartered accountants associated with such shell companies have also been identified

Prasad, Tewari under a cloud over retainer service to Reliance

Prasad, Tewari under a cloud over retainer service to Reliance

Rediff.com19 Dec 2014

The Aam Aadmi Party has demanded the dismissal of Telecom Minister Ravi Shankar Prasad alleging a conflict of interest that has prevented him from issuing a notice to Mukesh Ambani's Reliance Jio on the 4G issue, a charge vehemently denied by Prasad who said he never gave advice or appeared for the company.

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.

China aggressively trying to hack Indian cyberspace

China aggressively trying to hack Indian cyberspace

Rediff.com3 Mar 2021

Experts said attempts from China have increased in the last year, which further amplified after the Indian government banned Chinese applications post the Galwan clash.

'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.

1st set of differential bank licences by month-end: Rajan

1st set of differential bank licences by month-end: Rajan

Rediff.com4 Aug 2015

RBI had received 72 applications for small finance bank licences.

Planned after Mumbai terror attack, Modi likely to launch NATGRID soon

Planned after Mumbai terror attack, Modi likely to launch NATGRID soon

Rediff.com12 Sep 2021

"Had corona (COVID-19) not been there, the prime minister would have dedicated NATGRID to the country. I am hopeful that the prime minister will dedicate NATGRID to the country in some time," Union home minister Amit Shah said during the 51st Foundation Day event of the Bureau of Police Research and Development (BPRD) here on September 4.

After Ola, Uber India too lays off 600 employees

After Ola, Uber India too lays off 600 employees

Rediff.com26 May 2020

Uber on Tuesday said it is laying off about 600 employees in India -- about a quarter of its staff in the country -- as business has taken a major hit amid the COVID-19 pandemic. The development comes days after rival Ola had announced laying off 1,400 people from its rides, financial services and food business.

Ask Anil: 'Will I be in tax trouble if...'

Ask Anil: 'Will I be in tax trouble if...'

Rediff.com4 Feb 2022

Anil Rego, CEO, Right Horizons, answers your personal income tax queries.

How insurance brokers losing the game to technology

How insurance brokers losing the game to technology

Rediff.com7 Oct 2019

The Ola Money and Uber tie-ups demonstrate how insurance companies, including even government-run ones, are forging partnerships with every possible service company to offer products.

If You Miss The Dec 31 ITR Deadline...

If You Miss The Dec 31 ITR Deadline...

Rediff.com29 Dec 2021

If an assessee misses the December 31 deadline, s/he can file a belated tax return by paying a late filing fee. 'This must be done within three months from the original filing date.'

ASK HR GURU: How To Deal With Office Politics?

ASK HR GURU: How To Deal With Office Politics?

Rediff.com12 Oct 2022

Office politics exists in many organisations, so don't let that bother you, advises HR Guru Mayank Rautela.

Paytm looking for non-banking CEO for payments bank

Paytm looking for non-banking CEO for payments bank

Rediff.com14 Sep 2015

In August, RBI allowed 11 business houses to start a payments bank.

Air India likely to be handed over to the Tatas today

Air India likely to be handed over to the Tatas today

Rediff.com27 Jan 2022

The government has notified the agreement between Air India and special purpose vehicle AIAHL for the transfer of non-core assets, ahead of the national airline's takeover by the Tata Group. The government had in October last year, inked the share purchase agreement with the Tata Group for the sale of national carrier Air India for Rs 18,000 crore. The Tata Group is expected to take full control of the airline, it founded in 1932, on Thursday. The cash component of the deal would come once the handover process is completed. The Tata Group would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.

In case of war, can India be cut off from internet?

In case of war, can India be cut off from internet?

Rediff.com16 Apr 2022

With Western corporations, including Microsoft, AWS and Oracle, shutting down their operations in Russia, the rest of the world has become acutely aware of its dependence on a clutch of technology service providers.

How outsourcing raises US banks' operational risks

How outsourcing raises US banks' operational risks

Rediff.com31 Oct 2013

Many Indian companies provide outsourcing services to various American entities, including large banks and financial institutions.

Indian frontline worker in UAE wages 6-month battle against Covid, death

Indian frontline worker in UAE wages 6-month battle against Covid, death

Rediff.com27 Jan 2022

A 38-year-old Indian frontline warrior in the United Arab Emirates was on Thursday discharged from hospital after he made a miraculous recovery from COVID-19 that seriously damaged his lungs and left him in an unconscious state for six months.

Heavy downpour floods Mumbai; rail, road traffic hit

Heavy downpour floods Mumbai; rail, road traffic hit

Rediff.com24 Sep 2020

The Santacruz observatory recorded 286.4 mm rainfall during the 24-hour period ending at 8.30 am on Wednesday, making it the fourth highest rainfall in Mumbai since 1974, an Indian Meteorological Department official said.

Oppn expresses 'serious misgivings' over lateral entry to jt secy post

Oppn expresses 'serious misgivings' over lateral entry to jt secy post

Rediff.com11 Jun 2018

Rashtriya Janata Dal's Manoj Jha saw the move as an attempt to have a 'committed bureaucracy'.

Govt renews search for five PSU bank chiefs; norms relaxed

Govt renews search for five PSU bank chiefs; norms relaxed

Rediff.com26 Apr 2015

Govt renews search for five PSU bank chiefs; norms relaxed.

Tata Sons sets the ball rolling for buying Air India

Tata Sons sets the ball rolling for buying Air India

Rediff.com21 Jul 2021

Tata Sons has started the process of due diligence of state-owned Air India and its subsidiary Air India Express. Sources said the group has appointed Bain and Company and Seabury Group for this purpose. Once complete, a financial bid will be submitted and a deal to take over the airline is likely to fructify by end of this year or even earlier, people involved in the process said. Simultaneously, the group has brought in veterans in the aviation business from Delta and United Airlines to prepare a plan for post-merger integration of Air India with its existing airline ventures. Tata Sons operates Vistara - a 51:49 percent joint venture with Singapore Airlines and Air Asia India, in which Tatas hold 83.67 per cent stakes.

Terror attacks in JK see major drop after scrapping Article 370: Govt in LS

Terror attacks in JK see major drop after scrapping Article 370: Govt in LS

Rediff.com14 Dec 2021

The number of terror incidents in Jammu and Kashmir has shown significant decline since the abrogation of Article 370 in August 2019, the Lok Sabha was informed on Tuesday.

Rlys to run more local trains in Mumbai from today

Rlys to run more local trains in Mumbai from today

Rediff.com1 Jul 2020

The trains will, however, only carry essential services personnel identified by the State government.

Banks recall over 32 lakh debit cards; govt seeks details

Banks recall over 32 lakh debit cards; govt seeks details

Rediff.com20 Oct 2016

The suspected security breach happened through a malware in the systems of Hitachi Payments Services, which serves ATM network of Yes Bank

Govt mulls 100% foreign investment in private banks

Govt mulls 100% foreign investment in private banks

Rediff.com18 Jan 2018

It is also considering to hike FDI cap for public sector from 20 per cent to 49 per cent

FM predicts a third of India to be soon insured by LIC

FM predicts a third of India to be soon insured by LIC

Rediff.com10 Jan 2015

Indian government expects LIC to have better business this year.

Time to END Bank Nationalisation

Time to END Bank Nationalisation

Rediff.com30 Jul 2021

Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.

Indian banks have a plan to save Vodafone

Indian banks have a plan to save Vodafone

Rediff.com9 Aug 2021

Conversion of debt of the stressed telecom player Vodafone Idea Ltd (VIL) into equity could be an option to emerge out of the crisis, lenders led by State Bank of India (SBI) have suggested to Department of Telecommunications (DoT). DoT had called senior bank officials on Friday to discuss the stress in the telecom sector arising out of the Supreme Court order last month on the adjusted gross revenue (AGR)-related dues payable by telecom majors, including Vodafone Idea and Bharti Airtel, sources said. The top court has given a time period of 10 years to telecom service providers struggling to pay Rs 93,520 crore of AGR-related dues to clear their outstanding amount to the government.

Forget tax cuts, Sitharaman advised against Budget sops

Forget tax cuts, Sitharaman advised against Budget sops

Rediff.com11 Jun 2019

FinMin does not expect tax or non-tax revenue to reach anywhere close to the targets set in the interim Budget. Sources say that the challenge before the new government will be either to accept the reduced projection and tailor the Budget accordingly or set a more ambitious target.