A trends study conducted by India's Financial Intelligence Unit (FIU) has expressed suspicion that cryptocurrency is being used across the country in serious criminal acts like terrorist financing, fuelling secessionist activities, cybercrime, narcotics trafficking, illegal betting and gambling. The report, which was based on suspicious transaction reports and operational analysis, shared these trends and credible intelligence with law enforcement agencies.
The journey of life will always come with its temptations; it is the ability to stick to your goal that will eventually lead you to success. A fascinating excerpt from Manish Vij's must-read book, Brick by Brick.
The average value of retail digital payments dropped 48 per cent from Rs 8,769 in March 2021 to Rs 4,560 in March 2024 due to a growing preference to use digital modes of transactions for small value payments, according to the Reserve Bank of India's (RBI) report on the trend and progress of banking in India.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than five times in a year. It's not just the number of frauds. What's alarming is the growing sophistication of the fraudsters, exposing the vulnerabilities within the financial system, observes Tamal Bandyopadhyay.
'There will be no change of seats for Delhi, Assam and Maharashtra.' 'Andhra, J&K, Kerala, Punjab, Karnataka, Tamil Nadu, Odisha, West Bengal and Telangana will lose seats while there will be an increase for MP, UP, Bihar, Haryana, Gujarat and Chhattisgarh.' 'It is a big mistake if you make it a north-south issue.'
New India Assurance and Niva Bupa have invested in the Bima Sugam India Federation.
The first quarter has scored mostly flops, with just one blockbuster (Chhaava) and a smattering of those which have recovered costs.
Having got off to a start so typical of themselves in the Indian Premier League, Mumbai Indians will hope for a quick turnaround when they take on defending champions Kolkata Knight Riders in Mumbai on Monday.
rediffGURU Radheshyam Zanwar offers guidance on the various courses students can pursue after completing Class 10 and 12.
'You think: Did I fail the people I had to let go? Did I promise something I couldn't deliver? That day (when we had to sack 70 people) will stay with me.'
Sony World Photography Awards 2025 Winners Announced
Neo banks, along with mid-sized banks, are establishing global capability centres (GCCs) in India, mirroring the expansion strategies of larger global counterparts. This trend is being seen as the next major wave in the country's banking, financial services, and insurance (BFSI) sector.
rediffGURU Major Inderpaul Singh (retd) offers career guidance and helps students and individuals handle challenges in their professional lives.
'With a very stable technology with limited functionalities, a large network has spanned out.'
Homegrown fast-moving consumer goods (FMCG) major Dabur India is set to record low single-digit growth in consolidated revenue in the December quarter, it said in an update on Friday. The maker of Hajmola candy and Real fruit juice said rural consumption continued to be resilient and grow faster than urban in the third quarter.
Prime Minister Narendra Modi's visit to Sri Lanka is expected to yield at least 10 ambitious outcomes, including a defense cooperation agreement and frameworks for deeper engagement in the energy sector. The visit comes at a time when Sri Lanka is recovering from an economic crisis, with India providing significant financial assistance. Modi and Sri Lankan President Anura Kumara Dissanayake will also dedicate several projects built with India's assistance and virtually inaugurate the Sampur solar energy project.
President Droupadi Murmu addressed both Houses of Parliament, highlighting the government's achievements in various sectors, including economic growth, social welfare, and infrastructure development. She emphasized the government's efforts to lift the economy out of "policy paralysis" and create a more inclusive society. Murmu also acknowledged the challenges posed by digital fraud and cybercrime and stressed the need for a social infrastructure revolution. The President's speech is considered a policy statement, outlining the government's vision and roadmap for the future.
Sitharaman, India's first full-time woman Finance Minister, broke away from the colonial tradition of carrying a Budget briefcase in July 2019, opting instead for a traditional 'bahi-khata', to carry the Union Budget papers.
As AI becomes central to upskilling, a growing number of learners -- from seasoned professionals to school students -- are eager to explore and experiment with technology.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Indian Overseas Congress chief Sam Pitroda on Thursday said he was invited to speak at an Indian Institute of Technology-Roorkee event via a video link when just minutes after his speech, a hacker infiltrated and began streaming explicit, inappropriate content.
Samajwadi Party leader Akhilesh Yadav has accused the Indian government of hiding the number of deaths in the stampede at the Kumbh Mela in Prayagraj, Uttar Pradesh. Yadav demanded strict action against those involved in covering up the "mis-management" of the event and called for an all-party meeting to discuss the arrangements. He also criticized the government's handling of the stampede, claiming that they used JCB machines and tractor trollies to clear the bodies lying around after the incident.
During this summer, Indian travel buffs are opting for destinations that provide an escape from the ominous heat, along with coastal regions within the country and countries offering visa-free travel.
Nine Indian universities and institutions have secured a place among the world's top 50 in the QS subject-wise rankings, with the Indian School of Mines (ISM) Dhanbad claiming the highest position at 20th globally for Engineering-Mineral and Mining. Despite the success, some top institutions, including three IITs, two IIMs and JNU, have experienced a drop in their rankings. The QS World University Rankings by Subject, in its 15th edition, highlight India's growing higher education ecosystem in terms of both size and quality.
The stocks are largely from sectors such as chemicals, finance and cement, which struggled earlier but the worse seems to be behind them.
In its highest ever reduction in seller fees, ecommerce giant Amazon India has introduced zero referral charges on over 12 million products on its platform that are priced below Rs 300. The move is aimed at boosting seller growth on Amazon.in and supporting hundreds of thousands small businesses across the country.
Mumbai International Airport (MIAL) has proposed a significant increase in User Development Fee (UDF) for international passengers, while domestic passengers will be charged a UDF for the first time. However, MIAL also proposed a 35% reduction in landing and parking charges, aiming to balance infrastructure development with cost-effective air travel for airlines. The new tariff structure is subject to approval by the Airport Economic Regulatory Authority (AERA).
India's biggest telecom players, Bharti Airtel and Reliance Industries-backed Jio Platforms, will soon bring billionaire Elon Musk-led SpaceX's Starlink satellite services to India. According to analysts, the move could boost India's tele density, especially in the rural areas, and may be an opportunity for investors to add the two stocks on dips for long-term gains
JioStar, the newly formed joint venture by the merger of Viacom18 and Star India, on Friday announced the launch of JioHotstar by bringing together JioCinema and Disney+ Hotstar streaming platforms. With close to 3 lakh hours of entertainment, live sports coverage, and more than 50 crore users, JioHotstar provides compelling subscription plans tailored to diverse audience needs, starting at Rs 149, the company said in a statement.
The government may not be able to put in place the Digital India Act, which aims to replace over 23 years old IT Act 2000, before the next general election, as there is not much time left for extensive consultation, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. While speaking at the Global Technology Summit 2023, the minister, however, said the rules for the Digital Personal Data Protection Act will be out later this month for consultation and are expected to be notified by the end of December or early January. Chandrasekhar said the existing IT Act doesn't even have the word internet, and there is a consensus that it can be safely superseded and replaced.
However, the meeting of the company's board of directors, through video conferencing, started at 1.30 pm and ended only at 11.50 pm on Tuesday, according to a filing made to BSE at 12.51 am on Wednesday. In the 2024 December quarter, the airline, which had been facing multiple headwinds, raised Rs 3,000 crore from qualified institutional investors.
IT attrition rate is expected to be around 12% to 13% this year.
'While I would never wish for anyone to go through what we are, it has brought out the best in us by making each one of us a better version of ourselves.' 'Being courageous, fighting for freedom, taking the burden of responsibility to help each other...' 'I know hundreds and hundreds of examples where Ukrainians are risking their lives for complete strangers and it is only in moments like this that we truly understand what it means to be human.'
As temperatures shoot up this month signalling an early onset of summer, sales of air conditioners (AC) are set to increase, with companies expected to hike the prices of ACs by 4-5 per cent due to component shortages. Leading players like Haier and Bluestar and suppliers like EPack Durables have raised their production capacities to meet the 25-30 per cent rise in demand expected in the coming months.
'Unless the government comes up with the rulebook, the technical requirements will not be clear to us.' 'Going by the Act, non-technical provisions can be complied with within six months.' 'But we need up to 24 months for provisions like parental consent.'
Widespread use of crypto assets, including stablecoins, can have a negative impact on the macroeconomic and financial stability of a country, the Reserve Bank of India (RBI) said on Monday. In its Financial Stability Report (FSR), the banking regulator highlighted that excessive use of crypto assets can reduce effectiveness of monetary policy, worsen fiscal risks, circumvent capital flow management measures, divert resources available for financing the real economy and threaten global financial stability.
The 45-day Maha Kumbh 2025, billed as the world's largest gathering of humans, began on Monday with the first major bathing ritual or 'Shahi Snan' at the Sangam, the confluence of the Ganga, Yamuna, and Saraswati rivers in Prayagraj, India. This edition of the Kumbh is being held after 12 years, with the Uttar Pradesh government expecting over 35 crore devotees to visit. The event is being touted as a 'Digi-Kumbh' with Artificial Intelligence (AI) being used for various aspects, including security and cleanliness. The Maha Kumbh will be held from January 13 to February 26, and is expected to transform the area into the world's largest temporary city. Thirteen Akharas of seers from different sects are participating in the event, attracting attention from those seeking to learn about Indian spiritual beliefs.
The Uttar Pradesh government is expecting over 35 crore pilgrims to attend the Maha Kumbh Mela in Prayagraj, a significant increase from the 24 crore who attended the 2019 Kumbh Mela. The event, which will take place over 45 days, will feature extensive security and sanitation measures, as well as a digital component. The state government has allocated Rs 7,000 crore for the event.
What despots and dictators, jammers and competitors, had not managed to do in 83 years -- what the Soviet Union had failed to counter during the Cold War; what China had failed to crush during the Tiananmen Square uprising -- a US President had succeeded with his own hand, notes Krishna Prasad.
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