News for 'Department of Financial Services'

Suvendu govt prioritises women's empowerment, welfare schemes

Suvendu govt prioritises women's empowerment, welfare schemes

Rediff.com14 May 2026

West Bengal minister Agnimitra Paul announced the BJP government's commitment to women's empowerment and the continuation of welfare schemes. The 'Annapurna Bhandar' scheme will be accessible through an online portal, ensuring ease of application for all women in Bengal. Chief Minister Suvendu Adhikari has directed officials to implement the scheme and free bus travel for women, while also assuring that existing social welfare schemes will continue.

UK health minister quits, may challenger Starmer for PM

UK health minister quits, may challenger Starmer for PM

Rediff.com14 May 2026

UK Health Secretary Wes Streeting resigned from the Cabinet, citing a loss of confidence in Prime Minister Keir Starmer's leadership, potentially triggering a Labour leadership contest.

Adityanath Blames Graft For UP's 'BIMARU' Status

Adityanath Blames Graft For UP's 'BIMARU' Status

Rediff.com3 May 2026

Uttar Pradesh Chief Minister Yogi Adityanath attributed the state's 'BIMARU' (sick) status to corruption during previous governments, emphasising the need for transparency and meritocracy in recruitment processes. He highlighted improvements in medical facilities and increased government job opportunities for young people in Uttar Pradesh.

Now, North, South Blocks to showcase 5,000 years of Indian history

Now, North, South Blocks to showcase 5,000 years of Indian history

Rediff.com31 May 2026

Work has commenced on restoring the North and South Blocks to their original design, paving the way for the Yuge Yugeen Bharat National Museum project, with a target completion date for the first phase set for 2028.

Why West Bengal Is Ending Religious Leader Payments

Why West Bengal Is Ending Religious Leader Payments

Rediff.com18 May 2026

The West Bengal cabinet has decided to discontinue assistance-oriented schemes based on religious categorisation for Imams, muezzins and purohits from June. The cabinet also approved the 'Annapurna' scheme of Rs 3,000 monthly support to women from June 1, and granted in-principle consent for their free travel in state-run buses.

Delhi Police Busts GST Fraud Cartel, Arrests Six

Delhi Police Busts GST Fraud Cartel, Arrests Six

Rediff.com16 May 2026

The Delhi Police's Economic Offences Wing (EOW) has dismantled a GST fraud cartel, arresting six individuals involved in swindling Rs 128 crore through shell companies and fake invoicing.

Sensex Rises Over 300 Points, Nifty Crosses 23,700 Amid Positive Market Sentiment

Sensex Rises Over 300 Points, Nifty Crosses 23,700 Amid Positive Market Sentiment

Rediff.com19 May 2026

Indian stock markets rallied in early trade after US President Donald Trump announced a halt to planned military strikes on Iran, citing requests from Gulf leaders and ongoing "very big discussions" that could lead to a deal. This de-escalation, coupled with foreign fund inflows and gains in IT and Adani group stocks, contributed to the positive market sentiment. Track Sensex and Nifty on May 19, 2026.

Chhattisgarh Suspends IG After Harassment Allegations Surface

Chhattisgarh Suspends IG After Harassment Allegations Surface

Rediff.com27 Mar 2026

The Chhattisgarh government has suspended Inspector General of Police Ratan Lal Dangi following a complaint of harassment and financial irregularities. An inquiry has been ordered into the allegations.

Maharashtra Official Calls for Action in TCS Harassment Case

Maharashtra Official Calls for Action in TCS Harassment Case

Rediff.com14 Apr 2026

Maharashtra legislative council deputy chairperson Neelam Gorhe has demanded stringent action against employees of Tata Consultancy Services (TCS) in Nashik following allegations of sexual harassment and forced religious conversion by female employees.

Why Did Atanu Chakraborty Quit HDFC Bank?

Why Did Atanu Chakraborty Quit HDFC Bank?

Rediff.com30 Mar 2026

'During the bank's board meeting, many directors asked him if there is a governance issue but he said there is none.'

J-K Education Board to Act Against Schools Hiking Fees Arbitrarily

J-K Education Board to Act Against Schools Hiking Fees Arbitrarily

Rediff.com30 Mar 2026

The Jammu and Kashmir government has directed the JKBOSE to take strict action against private schools found to be arbitrarily increasing fees and violating established regulations.

Vijay Must Demonstrate His Government Doesn't Engage In Theft

Vijay Must Demonstrate His Government Doesn't Engage In Theft

Rediff.com27 May 2026

If TVK MLAs and ministers are perceived as clean, or demonstrably cleaner than their predecessors, the credibility dividend will be enormous. The voter will feel rewarded, points out Ramesh Menon.

Maharashtra Official Demands Action in TCS Sexual Harassment and Conversion Case

Maharashtra Official Demands Action in TCS Sexual Harassment and Conversion Case

Rediff.com13 Apr 2026

A Maharashtra Legislative Council official has demanded strict action against TCS employees in Nashik following allegations of sexual harassment and forced religious conversion. An SIT has been formed and arrests have been made.

Sujit Bose Arrested In West Bengal Recruitment Scam

Sujit Bose Arrested In West Bengal Recruitment Scam

Rediff.com11 May 2026

Former West Bengal minister Sujit Bose has been arrested by the Enforcement Directorate in connection with a money laundering case linked to an alleged municipality recruitment scam.

How Uttarakhand GST Officials Used Undercover Firms to Expose Tax Evasion

How Uttarakhand GST Officials Used Undercover Firms to Expose Tax Evasion

Rediff.com19 Mar 2026

Uttarakhand GST officials conducted an elaborate undercover operation, creating fake firms to expose a company evading over Rs 150 crore in taxes.

TCS HR, AGM ignored 70 messages of harassment

TCS HR, AGM ignored 70 messages of harassment

Rediff.com15 Apr 2026

The HR manager at TCS Nashik is under investigation for allegedly suppressing complaints and shielding the accused in a harassment case involving multiple employees.

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.

Himachal Pradesh Government To Take Strong Action Against Drug Smugglers

Himachal Pradesh Government To Take Strong Action Against Drug Smugglers

Rediff.com11 May 2026

The Himachal Pradesh government is set to implement stringent measures, including mandatory drug testing for government jobs and 'bulldozer action' against drug smugglers, to combat the growing menace of 'chitta' (adulterated heroin) in the state.

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.

Only 54 Forms Ready For New I-T Act Rollout

Only 54 Forms Ready For New I-T Act Rollout

Rediff.com23 Mar 2026

All services on the income-tax e-filing portal -- both pre-login and post-login -- are expected to be updated by April 1 to reflect the new legal framework.

Stock Gains Vs Loss: What Gets Taxed?

Stock Gains Vs Loss: What Gets Taxed?

Rediff.com24 Apr 2026

rediffGURU T S Khurana answers readers' personal income tax queries

Meerut Police Bust GST Fraud Ring, One Arrested

Meerut Police Bust GST Fraud Ring, One Arrested

Rediff.com2 Apr 2026

Meerut police have uncovered a Goods and Services Tax (GST) fraud involving crores of rupees, leading to the arrest of one individual. The investigation revealed a network of fake firms used to illegally claim input tax credits, causing significant losses to the government.

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).

Kerala Offers Congress Golden Chance; Will It Deliver?

Kerala Offers Congress Golden Chance; Will It Deliver?

Rediff.com8 May 2026

Kerala's voters are sophisticated, educated, and unforgiving. They have once again made it clear that no government is entitled to remain in power. The Congress would do well to remember this, points out Ramesh Menon.

'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.'

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.

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

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

Rediff.com26 Feb 2026

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

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.

India gets 30-day US waiver to buy Russian oil amid Iran war

India gets 30-day US waiver to buy Russian oil amid Iran war

Rediff.com6 Mar 2026

Amidst escalating tensions with Iran, the US has granted India a temporary 30-day waiver to continue purchasing Russian oil, aiming to stabilise global energy markets and encourage future US oil imports by India.

Karnataka Establishes Committee to Guide Ethical AI Use in Government

Karnataka Establishes Committee to Guide Ethical AI Use in Government

Rediff.com12 Mar 2026

The Karnataka government has formed a committee on responsible AI to develop a framework for the safe, ethical, and transparent adoption of AI across government systems and public services.

Why taxis, autos, trucks in Maha are going off roads

Why taxis, autos, trucks in Maha are going off roads

Rediff.com5 Mar 2026

Transporters across Maharashtra have announced a statewide strike to protest against e-challans and other issues, potentially disrupting transport services including school buses and commercial vehicles.

Double-Decker Buses Set To Boost Delhi Tourism

Double-Decker Buses Set To Boost Delhi Tourism

Rediff.com2 Mar 2026

The 63-seater open-top bus, manufactured by Ashok Leyland's arm Switch Mobility, was gifted to the city's tourism department as a corporate social responsibility initiative.

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.

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.'

Minutes before poll date announcement, Mamata rolls out sops

Minutes before poll date announcement, Mamata rolls out sops

Rediff.com15 Mar 2026

Political observers said the announcement assumes significance as the state prepares for the assembly elections, with political parties stepping up outreach to various community groups.

Tamil Nadu polls: AIADMK promises free fridge to voters

Tamil Nadu polls: AIADMK promises free fridge to voters

Rediff.com25 Mar 2026

AIADMK general secretary Edappadi K Palaniswami has announced a series of welfare measures, including free refrigerators for rice ration cardholders, if the party wins the 2026 Assembly election in Tamil Nadu.

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.

'Indians have been good actors': Trump aide on Russian oil waiver

'Indians have been good actors': Trump aide on Russian oil waiver

Rediff.com7 Mar 2026

The US has granted India permission to buy Russian oil already in transit to ease global supply pressures amidst the West Asia conflict. This decision comes after India agreed to halt sanctioned Russian oil purchases and substitute them with US oil.

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.