News for 'Department of the Treasury'

All about the rise of Rishad Premji

All about the rise of Rishad Premji

Rediff.com7 Sep 2010

Clearly part of the grooming of Harvard-educated Rishad Premji, the group appointed the elder son of chairman Azim Premji as chief strategy officer for its flagship IT business.

US pay czar to review CEO compensation at 419 cos

US pay czar to review CEO compensation at 419 cos

Rediff.com23 Mar 2010

The United States government appointed pay czar will review the executive compensation packages at 419 bailed out companies including Goldman Sachs and JP Morgan Chase.

Act against Haqqani network, US tells Pak

Act against Haqqani network, US tells Pak

Rediff.com24 Jul 2010

The United States has said it wants Pakistan to implement UN curbs against three key financers who raised money for the Taliban and Haqqani network, a day after slapping sanctions on the leaders of these outfits.

Obama administration targets Pak terror

Obama administration targets Pak terror

Rediff.com3 Dec 2010

The US Department of Treasury on Thursday designating two of Pakistan's most wanted terrorists, Lashkar-e Jhangvi senior leader Amanullah Afridi for acting for or on behalf of the LeJ and LeJ chief operational commander Mati ur-Rehman for acting for or on behalf of the Al Qaeda. The Treasury also designated a third individual, Abdul Rauf Azhar, a senior leader of Jaish-e Mohammed.

26/11 mastermind Hafiz Saeed to walk free from house arrest

26/11 mastermind Hafiz Saeed to walk free from house arrest

Rediff.com23 Nov 2017

The board rejected the government's plea to extend his detention for another 3 months.

US gives Pak $255 million military aid... but with conditions

US gives Pak $255 million military aid... but with conditions

Rediff.com31 Aug 2017

Pak can only access the money if it does more to crack down on internal terror networks launching attacks on neighbouring Afghanistan.

China should move to market-oriented exchange rate

China should move to market-oriented exchange rate

Rediff.com20 May 2010

Days ahead of the second US- China Strategic and Economic Dialogue, the United States has reiterated that China needs to move towards a market-oriented exchange rate.

Chidambaram issue rocks LS, resignation demanded

Chidambaram issue rocks LS, resignation demanded

Rediff.com30 Aug 2005

The Opposition has staged a walkout over the issue.

On Pak's request, UNSC allows Hafiz Saeed to withdraw money

On Pak's request, UNSC allows Hafiz Saeed to withdraw money

Rediff.com27 Sep 2019

Pakistan in a letter to UN Security Council 1267 Committee has contended that Hafiz Saeed supports a family of four members, as a sole supporter, he is responsible for food, drink and clothes expenses for all family members.

Hafiz Saeed's arrest result of US 'great pressure': Trump

Hafiz Saeed's arrest result of US 'great pressure': Trump

Rediff.com18 Jul 2019

'After a ten year search, the so-called 'mastermind' of the Mumbai Terror attacks has been arrested in Pakistan. Great pressure has been exerted over the last two years to find him!' said Trump who is scheduled to meet Khan at his Oval Office on Monday, July 22.

BJP MLA who 'received Lalu's call' files FIR against him

BJP MLA who 'received Lalu's call' files FIR against him

Rediff.com27 Nov 2020

Lalan Kumar Paswan, who lodged the FIR with the vigilance department, held that the RJD chief's alleged act was tantamount to 'corruption' since, as a member of the legislative assembly, he was a 'public servant' whom Yadav had tried to entice away from 'performing the constitutional obligation of taking part in voting in the House'.

Iqbal Mirchi in US list of drug peddlers

Iqbal Mirchi in US list of drug peddlers

Rediff.com25 Apr 2005

The move has apparently been taken in view of the drug peddler's attempts to enter the US for setting up business. \n\n

Chouhan faces big challenges in fourth term as CM

Chouhan faces big challenges in fourth term as CM

Rediff.com8 Apr 2020

The COVID-19 pandemic, weak economic conditions, and a few political considerations are some of the challenges he faces.

Hafiz Saeed's son, son-in-law to contest Pak poll

Hafiz Saeed's son, son-in-law to contest Pak poll

Rediff.com21 Jun 2018

The JuD will contest the election on the platform of a little known "dormant" political entity, Allaha-u-Akbar Tehreek.

US charges Honduran football club chief with laundering drug money

US charges Honduran football club chief with laundering drug money

Rediff.com8 Oct 2015

The president of a top Honduras football club and two family members were charged by US authorities on Wednesday with engineering a decade-long scheme to launder drug trafficking and foreign bribery proceeds through US accounts.

US freezes assets of pro-LTTE Tamil charity

US freezes assets of pro-LTTE Tamil charity

Rediff.com12 Feb 2009

Targeting the 'support network' of the Tamil Tigers, the United States on Wednesday designated a US-based charity group as a 'front' of the banned Liberation Tigers of Tamil Eelam and ordered freezing of its assets. The Tamil Foundation has been designated under 'Executive Order 13224', which "targets terrorists and those providing support to terrorists or acts of terrorism," the US Department of Treasury said in a press statement.

RBI crack team in secret location keeps financial system going

RBI crack team in secret location keeps financial system going

Rediff.com21 Mar 2020

The idea is to keep the RBI's information technology (IT) infrastructure in top shape to run the payments and settlement system uninterrupted 24x7, and run the full gamut of RBI functions from the secured data centres, as nearly 14,000 RBI staffers, except the senior-most management, work from home.

US, Asia must fight meltdown together: McCormick

US, Asia must fight meltdown together: McCormick

Rediff.com17 Dec 2008

David H McCormick, under secretary for international affairs at the US Department of Treasury, said on Tuesday that in an era of global trade and investment both the US and Asia need each other to maintain strong economic growth. McCormick was speaking at the Asia Society on 'US-Asia Economic Relations -- the Next Chapter,'.

US may own 70% stake in GM

US may own 70% stake in GM

Rediff.com27 May 2009

The United States government may own 70 per cent stake in the restructured General Motors, the ailing auto maker which is battling to avert a possible bankruptcy.

PNB scam: CBI seeks details of nostro transactions from 5 banks

PNB scam: CBI seeks details of nostro transactions from 5 banks

Rediff.com26 Feb 2018

The agency on Monday questioned three general managers of the Punjab National Bank who have handled the -International Banking Division and Treasury department of the bank, officials said without revealing their identity.

US govt buys $159 bn shares in 30 banks

US govt buys $159 bn shares in 30 banks

Rediff.com18 Nov 2008

The US government, under its $700-billion bailout plan, has purchased shares in 30 American banks for a total of over $150 billion, half of which have gone into Citigroup, JPMorgan Chase and Wells Fargo.

Court defers service tax dept plea against Mallya to March 28

Court defers service tax dept plea against Mallya to March 28

Rediff.com11 Mar 2016

No one appeared for Mallya and Kingfisher Airlines on Friday.

Blow to Lalu, SC orders separate trial in fodder scam case

Blow to Lalu, SC orders separate trial in fodder scam case

Rediff.com9 May 2017

Prasad will face charges including criminal conspiracy and fraud in the fresh trial.

Obama announces major tax sops

Obama announces major tax sops

Rediff.com21 Feb 2009

The US President Barack Obama on Saturday said that as many as 95 per cent of the working families would get tax cuts and beginning April an average American family would start receiving an additional $65 each per month.

'Cool' Kochhar set to take on the mantle

'Cool' Kochhar set to take on the mantle

Rediff.com20 Dec 2008

The 46-year-old, who grew up in Jaipur aspiring to be an IAS officer, is known to put in long hours.

Pakistan seals offices Al-Amin Trust, says report

Pakistan seals offices Al-Amin Trust, says report

Rediff.com15 Dec 2008

The Pakistan government has sealed offices of Al-Amin Trust in Karachi and Lahore and frozen several bank accounts as part of its ongoing crackdown on groups added to a UN Security Council list of terrorist organisations subject to sanctions.

Citi's toxic assets worth $306 billion!

Citi's toxic assets worth $306 billion!

Rediff.com24 Nov 2008

The US banking behemoth Citigroup has got risky assets worth $306 billion -- a figure equivalent to over half the total assets, nearly six times of market value as well as annual revenue, or about 50-times of full-year net profit of all Indian banks together!

CIA concludes Saudi Crown Prince ordered murder of Khashoggi: Report

CIA concludes Saudi Crown Prince ordered murder of Khashoggi: Report

Rediff.com17 Nov 2018

The CIA found that 15 Saudi agents flew on government planes to Istanbul and carried out the killing at the Saudi consulate, the report said, adding that it could complicate President Donald Trump's efforts to preserve US ties with one of the closest American allies in the region.

Support people of Myanmar, US urges India

Support people of Myanmar, US urges India

Rediff.com28 Sep 2007

The United States has announced sanctions against 14 senior Myanmar officials, and called on India, China and other nations to support the people of Myanmar who were struggling for democracy.

Citi gets third rescue as US plans to raise stake

Citi gets third rescue as US plans to raise stake

Rediff.com28 Feb 2009

The Treasury Department said it will convert about $25 billion of preferred shares into common stock provided private holders agree to the same terms, the government said in a statement on Friday. The conversion would give the US a 36 per cent stake in the New York-based firm.

Jaswant to resolve tax refunds row

Jaswant to resolve tax refunds row

Rediff.com9 Jul 2003

Gold at all-time high of Rs 14,275

Gold at all-time high of Rs 14,275

Rediff.com11 Feb 2009

Gold prices rallied by Rs 220 per ten grams to resume at Rs 14,275 on the bullion market in Mumbai on Wednesday on hectic stockists buying triggered by higher New York advices.

Bank strike may hit trading volumes on Nov 12

Bank strike may hit trading volumes on Nov 12

Rediff.com11 Nov 2014

Still the Reserve Bank of India will operate as usual and can provide funds via its overnight repo window, traders also said.

SBI lures CAs, lawyers with hefty pay package

SBI lures CAs, lawyers with hefty pay package

Rediff.com2 Jan 2008

During the probation period of six months, CAs will get a lump sum payment of Rs 50,000 a month.

US says Fed not involved in clearing India's Iran oil dues

US says Fed not involved in clearing India's Iran oil dues

Rediff.com24 Jun 2014

The comment was in response to a June 19 Reuters story citing sources with knowledge of the matter as saying that India planned to clear some oil payments to Iran through the United Arab Emirates central bank.

US: Indian banks must watch out for terror deals

US: Indian banks must watch out for terror deals

Rediff.com20 Oct 2006

'The banking channel is gradually becoming the most preferred way of transaction for terrorist outfits.'

US freezes assets of LTTE front; SL hails move

US freezes assets of LTTE front; SL hails move

Rediff.com16 Nov 2007

The TRO's efforts worldwide have reportedly allowed the LTTE to use humanitarian aid, which it collected for the international community after the December 2004 tsunami, to launch new campaigns to strengthen the LTTE's military capacity.

Hafiz Saeed's party barred from taking part in Pakistan polls

Hafiz Saeed's party barred from taking part in Pakistan polls

Rediff.com13 Jun 2018

The interior ministry had opposed enlisting of the MML as a political party, arguing that it is an offshoot of the banned JuD.

US slaps sanctions on companies supporting Iran

US slaps sanctions on companies supporting Iran

Rediff.com13 Dec 2013

The US has slapped sanctions against a number of international companies and individuals for evading sanctions against Iran and for providing support for its contentious nuclear programme.