News for 'Department of Financial Services'

FinMin prepares 100-day agenda for new govt

FinMin prepares 100-day agenda for new govt

Rediff.com22 May 2019

Among other things, the agenda is likely to focus on increasing private investment, employment generation and giving relief to the farm sector

Coffee Day brings in ex-CBI boss to probe Siddhartha's letter, study accounts

Coffee Day brings in ex-CBI boss to probe Siddhartha's letter, study accounts

Rediff.com31 Aug 2019

The assignment was earlier given to global audit firm EY. But it has now been reassigned owing to 'certain conflict of interest', the Bengaluru-based company said.

Govt to press ahead with PSU stake sale: Sitharaman

Govt to press ahead with PSU stake sale: Sitharaman

Rediff.com17 Dec 2020

The government will press ahead with the sale of public sector companies that have been approved by the Cabinet, Finance Minister Nirmala Sitharaman said on Thursday. Highlighting that FDI flow into India is much higher compared to other emerging economies, she said India's strong macroeconomic fundamentals, ability to do reforms and a stable government help attract long-term foreign funds into Indian businesses.

Looking into WhatsApp privacy policy changes: Govt

Looking into WhatsApp privacy policy changes: Govt

Rediff.com19 Jan 2021

WhatsApp has drawn massive criticism from users globally, including India over concerns that data was being shared with its parent company, Facebook. WhatsApp, on its part, has maintained that messages on the platform are end-to-end encrypted and that neither WhatsApp nor Facebook can see the private messages on WhatsApp's platform.

Uber adds muscle to local arms

Uber adds muscle to local arms

Rediff.com14 Apr 2015

The San Francisco-based giant has acquired a Delhi-based company.

Govt to bring in legislation to regulate crypto currency

Govt to bring in legislation to regulate crypto currency

Rediff.com17 Feb 2021

Operationalising the ban is being fleshed out: it will entail which cryptocurrencies will be banned and how.

Villain, victim or scapegoat?

Villain, victim or scapegoat?

Rediff.com18 May 2018

'NiMo having skipped, the next best bet is a high-profile banker.' 'Ms Usha happens to be in the wrong place at the wrong time.' 'Ms Usha's crime? That's as thin as it gets.'

Stringent guidelines for wilful defaulters on the cards

Stringent guidelines for wilful defaulters on the cards

Rediff.com28 Jun 2014

The Union finance ministry is planning to make rules regarding wilful defaulters more stringent, so that criminal charges can be pressed against such entities.

Vodafone Idea, COAI push for urgent relief measures

Vodafone Idea, COAI push for urgent relief measures

Rediff.com27 Feb 2020

In its letter Voda Idea has warned that it is not in a sound financial state, and added that it would be in a position to meet its liabilities only if the government initiates steps including allowing set-offs for GST credit accumulated so far, and permitting staggered mechanism for payment of balance amount of interest, penalty, and interest on penalty.

I-T refunds worth Rs 1.22 lakh cr issued in FY'16

I-T refunds worth Rs 1.22 lakh cr issued in FY'16

Rediff.com6 May 2016

In 2015-16, more than 94 per cent of income tax returns were filed online and 4.14 crore returns were processed by the Central Processing Centre.

What ISRO will spend Rs 107.83 billion on

What ISRO will spend Rs 107.83 billion on

Rediff.com17 Feb 2018

ISRO needs next generation launchers and new facilities to manufacture and launch them.

Organisations to enrol for unique entity IDs

Organisations to enrol for unique entity IDs

Rediff.com6 Sep 2010

After individuals, now even institutions like government departments, schools and companies would get unique identification numbers (UIDs) to enroll the country's residents for the UID system.

Infosys bets big on India's private sector

Infosys bets big on India's private sector

Rediff.com16 Oct 2013

Company plans to raise the contribution of Indian private sector to its revenue from about 15% to about 50% in two-three years.

Why did Modi shoot down farm loan waivers?

Why did Modi shoot down farm loan waivers?

Rediff.com31 Jan 2019

Past experience shows loan waivers benefited only 30% of India's farmers; here again, the richer cultivator skimmed the cream, leaving very little for his poorer brethren.

Sitharaman wanted me out: ex-finance secretary Garg

Sitharaman wanted me out: ex-finance secretary Garg

Rediff.com31 Oct 2020

Subhash Chandra Garg, the former finance secretary who was shunted out of the finance ministry within three weeks of Modi-2.0 government's first budget last year, on Saturday alleged that new Finance Minister Nirmala Sitharaman got him transferred out.

Govt to sell 15-20% stake in Railway arm

Govt to sell 15-20% stake in Railway arm

Rediff.com8 Sep 2020

The government currently holds 87.40 per cent stake in IRCTC. To meet Sebi's public holding norm, it has to lower its stake in the company to 75 per cent.

Rajnath Singh's dilemma

Rajnath Singh's dilemma

Rediff.com22 Jun 2019

The defence minister has to correct a major asymmetry. Will his discipline come in the way?

Maha builders seek changes in rent rules amid damp property market

Maha builders seek changes in rent rules amid damp property market

Rediff.com19 May 2015

The prices of unsold homes in Mumbai run into crores of rupees.

'Fighting coronavirus is a priority, so is giving timely salaries'

'Fighting coronavirus is a priority, so is giving timely salaries'

Rediff.com12 Apr 2020

'We will not compromise on it. We will not make any deferred payments or cuts.'

I-T dept collects over Rs 3,500 crore from non-filers

I-T dept collects over Rs 3,500 crore from non-filers

Rediff.com24 Mar 2015

The I-T department expects that some more revenue would be garnered.

Sensex ends below 27K; banks, auto fall, metals shine

Sensex ends below 27K; banks, auto fall, metals shine

Rediff.com5 Jun 2015

Sensex ends belowe 26,800 on domestic concerns.

Budget allocation for maternity programme increased two fold

Budget allocation for maternity programme increased two fold

Rediff.com1 Feb 2019

The Child Protection Services programme under the Integrated Child Development Services was increased to Rs 1,500 crore from Rs 925 crore.

Union Budget likely to be presented on Feb 1

Union Budget likely to be presented on Feb 1

Rediff.com20 Sep 2016

The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year

RBI best judge on policy rate, says Jaitley

RBI best judge on policy rate, says Jaitley

Rediff.com11 Aug 2014

FM says government policies aim to contain inflation, spur growth.

Organisations to enrol for unique entity IDs

Organisations to enrol for unique entity IDs

Rediff.com4 Sep 2010

After individuals, now even institutions like government departments, schools and companies would get unique identification numbers (UIDs) to enroll the country's residents for the UID system. These institutions or service delivery organisations would get a UID-like identifier, called Entity ID, which would help enrol people and deliver services.

Fresh tax demand on foreign investors

Fresh tax demand on foreign investors

Rediff.com17 Sep 2014

Tax department sends notices saying they are liable to pay MAT.

Rs 72,000-cr I-T refunds in '09-10

Rs 72,000-cr I-T refunds in '09-10

Rediff.com12 Apr 2011

The issue of delayed refunds was not a healthy trend and was tarnishing the department's image.

How BSNL plans to save Rs 7,500 crore

How BSNL plans to save Rs 7,500 crore

Rediff.com29 Nov 2019

'BSNL employee cost is Rs 14,500 crore and we anticipate that around 80,000 should opt for VRS.'

What Every Indian Must Know About PM-CARES

What Every Indian Must Know About PM-CARES

Rediff.com5 Oct 2021

Rediff.com's Syed Firdaus Ashraf traces the journey of PM-CARES from its founding to finally admitting it is not a government fund.

4 trusted Gujarat babus to join Team Modi

4 trusted Gujarat babus to join Team Modi

Rediff.com2 Apr 2015

All the Gujarat cadre officers have one thing in common. They do not need Modi's 'informal interactions' and advice because they are from the so-called 'Modi school of governance.' They know Modi well enough to perform their assigned roles.

Will Modi Sarkar come out with a 6th Budget?

Will Modi Sarkar come out with a 6th Budget?

Rediff.com17 Aug 2017

This will violate the time-honoured convention that a government elected for a five-year tenure presents only five full Budgets, but the NDA government will no doubt present it as yet another initiative of Mr Modi.

Beware of those WFH or coronavirus-themed emails

Beware of those WFH or coronavirus-themed emails

Rediff.com5 May 2020

While the virus out there meddling big-time with our lives, danger is lurking in our email boxes too.

Double whammy for insurance policyholders

Double whammy for insurance policyholders

Rediff.com10 Mar 2015

The GST to be implemented from April 1, 2016, will increase the premiums.

Obama nominates IIT alumni to key post

Obama nominates IIT alumni to key post

Rediff.com9 May 2015

United States President Barack Obama has nominated an IIT alumni to his advisory commission on Asian Americans and Pacific Islanders.

Over Rs 62 crore illegal cash seized in poll-bound states

Over Rs 62 crore illegal cash seized in poll-bound states

Rediff.com19 Apr 2016

While the two-phased assembly polls voting has concluded in Assam, in West Bengal two phases have completed while four more remain.

Mobile trading turnover doubles in 2014

Mobile trading turnover doubles in 2014

Rediff.com27 Dec 2014

But trading through the route still a minuscule portion of total turnover

Three finance secretaries in 15 months!

Three finance secretaries in 15 months!

Rediff.com2 Sep 2015

The way the present government has dealt with appointments of civil servants remains to be a cause for concern.

Govt creates 'Japan Plus' to fast track Japanese investments

Govt creates 'Japan Plus' to fast track Japanese investments

Rediff.com10 Oct 2014

The commitment by Japan to invest $35 billion or 3.5 trillion YEN is for infrastructure sector over five years.

DoT slaps Rs 877-cr spectrum charge on Vodafone

DoT slaps Rs 877-cr spectrum charge on Vodafone

Rediff.com13 Feb 2013

The Department of Telecommunications has raised demand of around Rs 877.6 crore from Vodafone as spectrum charges for the period between 2008-09 and 2011-12, sources said.

What is the biggest concern about GST?

What is the biggest concern about GST?

Rediff.com12 Apr 2017

As corporate India gears up to be GST-ready, the ongoing litigation and tax dispute cases are something most businesses are cagey about.