News for 'Direct Cash Transfer'

ED summons TMC MP Mahua Moitra, bizman Darshan Hiranandani

ED summons TMC MP Mahua Moitra, bizman Darshan Hiranandani

Rediff.com27 Mar 2024

Moitra, who was expelled from the Lok Sabha in December for "unethical conduct", has been renominated by her party from West Bengal's Krishnanagar seat in the upcoming Lok Sabha polls.

Jan Dhan to help remove poverty, curb corruption: India Inc

Jan Dhan to help remove poverty, curb corruption: India Inc

Rediff.com29 Aug 2014

The Pradhan Mantri Jan Dhan Yojana scheme will help eradicate poverty and curb corruption at the grassroot level, industry said.

EC cracks the whip, shifts lax officials including cops in 5 poll-bound states

EC cracks the whip, shifts lax officials including cops in 5 poll-bound states

Rediff.com11 Oct 2023

During a review, the EC found that the performance of some officers was "unsatisfactory" and they were found "complacent, if not complicit" in various matters, including the illegal supply of liquor as a possible poll inducement, sources said.

LPG users' cash subsidy scheme may be reinstated

LPG users' cash subsidy scheme may be reinstated

Rediff.com5 Jun 2014

The Direct Benefit Transfer for LPG scheme was rolled out in 291 districts from June 1, 2013 in six phases to do away with the practice of selling the fuel at below cost rates.

Goa polls: TMC promises Rs 5,000 dole a month scheme for women

Goa polls: TMC promises Rs 5,000 dole a month scheme for women

Rediff.com11 Dec 2021

The Trinamool Congress on Saturday promised to roll out a direct cash transfer scheme for women in Goa if it is voted to power in the state after the Assembly polls due in February next year.

PM-FM meeting soon to decide second stimulus package

PM-FM meeting soon to decide second stimulus package

Rediff.com15 Apr 2020

The stimulus package is expected anytime this week and will be aimed at the urban and rural poor; disadvantaged sections of society; MSMEs and some of the worst-affected sectors.

RG Kar: 'My Daughter Was Killed Elsewhere'

RG Kar: 'My Daughter Was Killed Elsewhere'

Rediff.com23 Jan 2025

'A murder has occurred in the room, but there were no signs of struggle.' 'RG Kar says the body was discovered at 9:30 am. But the media was informed at 8:30 am.' 'We realised that crucial evidence was being destroyed.' 'She had several bite marks on her neck, but no swab was collected.' 'My daughter had 28 injuries on her body. But there was no DNA of the assailant under her nails.' 'Are you saying she did not try to defend herself?'

RBI proposes to tighten banks' LCR norms, releases draft guidelines

RBI proposes to tighten banks' LCR norms, releases draft guidelines

Rediff.com26 Jul 2024

In view of the rising number of mobile and internet banking users, the Reserve Bank of India (RBI) has proposed to tighten norms related to the liquidity coverage ratio (LCR) by increasing the run-off factor for retail deposits. "Banking has undergone rapid transformation in recent years. "While increased usage of technology has facilitated the ability to make instantaneous bank transfers and withdrawals, it has also led to a concomitant increase in risks, requiring proactive management," the RBI said in the draft guidelines released on Thursday.

'Adani Wasn't There At Meeting'

'Adani Wasn't There At Meeting'

Rediff.com14 Nov 2024

'That was my mistake.' 'Gautam Adani was not involved in forming the Maharashtra government.' 'Adani was not there in the meeting.' 'The meeting was at his guest house and we were sitting in his guest house.'

Why all parties want to give out money in cash

Why all parties want to give out money in cash

Rediff.com4 Feb 2019

'In India, we are very far away from the per capita incomes of the West. And so the need to support many more people with much more money will come sooner in India than in other nations,' says Aakar Patel.

How To Deal With Avalanche Debt?

How To Deal With Avalanche Debt?

Rediff.com20 Aug 2024

Make minimum payments on all debts, then use extra funds to tackle the smallest debt first.

Should You Invest In Liquid Rate ETF?

Should You Invest In Liquid Rate ETF?

Rediff.com2 Apr 2024

'Liquid ETFs help in cash management by enabling a smooth transition between equity and cash within the same settlement cycle, as they trade in the same segment as equity.'

Amazon takes out ads, calls Future store transfer to Reliance a fraud

Amazon takes out ads, calls Future store transfer to Reliance a fraud

Rediff.com15 Mar 2022

Days after billionaire Mukesh Ambani-led group took some of the stores of Future Group, whose lease had expired due to the non-payment of rent, Amazon.com Inc on Tuesday accused the two of 'fraud' and said such 'contumacious' transfer will be liable to legal action.

SBI to charge for cash withdrawal beyond 4 free transactions per month

SBI to charge for cash withdrawal beyond 4 free transactions per month

Rediff.com29 Jun 2021

The country's largest lender SBI will levy charges for cash withdrawal beyond four free transactions in a month from customers holding the basic savings bank deposit (BSBD) accounts. These customers will also be levied charges for cheque book beyond 10 leaves in a year. As per the revision in service charges for BSBD accounts, State Bank of India (SBI) will levy charges ranging from Rs 15 to Rs 75 for the "additional value added services" with effect from July 1, 2021.

RBI set to launch UPI-like unified lending platform

RBI set to launch UPI-like unified lending platform

Rediff.com27 Aug 2024

The Reserve Bank of India (RBI) will launch the Unified Lending Interface (ULI) nationwide in due course, aiming to transform India's lending sector, similar to how the Unified Payments Interface (UPI) revolutionised the payments ecosystem, Governor Shaktikanta Das said on Monday.

You will soon be able to withdraw cash from digital wallets

You will soon be able to withdraw cash from digital wallets

Rediff.com8 Apr 2021

The Reserve Bank of India (RBI) on Wednesday proposed to make interoperability mandatory for digital payments firms. It also allowed users to withdraw cash from e-wallets and fintech companies to process RTGS and NEFT transactions. The RBI expressed dissatisfaction over prepaid payment instruments' (PPIs') failure to migrate towards full-KYC (know your customer) PPIs, and therefore interoperability, even two years after guidelines were issued.

In India, cash will remain king for many more years

In India, cash will remain king for many more years

Rediff.com16 Nov 2021

Rapid strides in digital payments notwithstanding, the Indian economy will likely remain cash-dependent for many years to come, at least that's what the automated teller machine makers and cash logistics companies are betting on. After growing at over 20 per cent for most of 2020, currency in circulation growth fell to 8.5 per cent as of October 29 this year, shows data from the Reserve Bank of India (RBI). The reason for the steep rise in currency last year was the uncertainties related to the Coronavirus (Covid-19) pandemic, where people preferred to hoard cash to meet exigencies.

Now, transfer your money via SMS

Now, transfer your money via SMS

Rediff.com12 Apr 2016

Unified Payments Interface launched to simplify mobile banking.

Hinduja group firm gets conditional nod to acquire RCap

Hinduja group firm gets conditional nod to acquire RCap

Rediff.com11 May 2024

Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital. "We are happy to acknowledge the receipt of approval from IRDAI yesterday (May 10, 2024) on the auspicious occasion of Akshay Tritiya. "The approval is subject to certain 'regulatory, statutory, and judicial' clearances/compliances," an IIHL spokesperson said in a statement.

Sonia calls Oppn meet to discuss migrants issue

Sonia calls Oppn meet to discuss migrants issue

Rediff.com21 May 2020

A meeting convened by Congress president Sonia Gandhi on Friday afternoon will see the leaders of around 20 opposition parties come together on a common platform through video-conferencing.

Cong releases film on Rahul's meet with migrants

Cong releases film on Rahul's meet with migrants

Rediff.com23 May 2020

The documentary captures the pain and helplessness the migrant labourers and their families are feeling, as they long to return to their villages after losing their means of livelihood in cities due to the lockdown over the novel coronavirus pandemic.

Cash was king in 2020 even as digital transactions increased

Cash was king in 2020 even as digital transactions increased

Rediff.com20 Jan 2021

The hoarding of cash accentuated from the very start of 2020, when the coronavirus pandemic started taking hold the world over, and fear of the pandemic prodded people to remain liquid for emergency use.

Looking To Invest Money For Short Term? Read This

Looking To Invest Money For Short Term? Read This

Rediff.com16 Jan 2024

These schemes are a good choice for investors contemplating a large investment in equity funds. Instead of investing all the money in one go, they can do so in a staggered manner by parking it in these schemes and then transferring it to equity mutual funds through a systematic transfer plan.

How to remove Delhi's smog

How to remove Delhi's smog

Rediff.com18 Nov 2019

'It is time to think up a policy of incentivising farmers in the states around Delhi.' 'Let's say a farmer is given an incentive for not burning his crop stubble and instead handing over the task of incinerating the crop stubble to a State-run-or-funded community initiative.' 'The incentive can take the form of, say, fertilisers, or even direct cash transfers,' recommends Somasekhar Sundaresan.

Will Day 3 Go India's Way?

Will Day 3 Go India's Way?

Rediff.com4 Jan 2025

Two teams with fault lines in their batting, up against two of the best bowling sides in the game today -- the question that determines the outcome is, is your weakness greater than mine?

Kerosene, LPG prices to be raised every month

Kerosene, LPG prices to be raised every month

Rediff.com2 Aug 2016

The phased increase of prices is being done to sell the fuel at international prices.

Cash cards come under mandatory reporting

Cash cards come under mandatory reporting

Rediff.com1 Sep 2008

The Central Board of Direct Taxes is considering a proposal to widen the ambit of the Annual Information Return to cover cash cards issued by non-banking financing companies in the country, official sources said. The AIR currently covers seven kinds of transactions, including cash deposits in savings bank accounts of over Rs 10 lakh in a year, credit card billing of over Rs 200,000 a year and purchase of property over Rs 30 lakhs (Rs 3 million).

Want To Have Steady Income? SWP Can Help

Want To Have Steady Income? SWP Can Help

Rediff.com2 Sep 2024

Systematic Withdrawal Plan, or SWP, can help you achieve your financial goals. Ramalingam Kalirajan's step-by-step guide on how to effectively use an SWP.

What you need to know about mobile money transfers

What you need to know about mobile money transfers

Rediff.com29 Mar 2012

Salil Dhawan of Investment-Mantra.in evaluates Airtel Money -- a mobile money transfer service started by mobile service operator Bharti Airtel.

WhatsApp-like movement in Indian finance sector: Nilekani

WhatsApp-like movement in Indian finance sector: Nilekani

Rediff.com21 Aug 2015

Nandan Nilekani complimented RBI on granting licenses to payments banks, calling it 'a great revolution'.

Kejriwal 'kingpin' of excise scam, 'kickback' used in polls: ED

Kejriwal 'kingpin' of excise scam, 'kickback' used in polls: ED

Rediff.com22 Mar 2024

The law officer said the money trail showed that Rs 45 crore "kickback" used in the Goa assembly elections came from four hawala routes.

Rs 1 cr cash, Rs 600 cr crime proceeds detected from Lalu family: ED

Rs 1 cr cash, Rs 600 cr crime proceeds detected from Lalu family: ED

Rediff.com11 Mar 2023

The ED had launched raids on Friday at multiple locations linked to Prasad's family members including that of his son and Bihar Deputy Chief Minister Tejashwi Yadav in Delhi.

Why 810 Million Indians Need Free Rations

Why 810 Million Indians Need Free Rations

Rediff.com20 Nov 2023

Is it a case of poor targeting of a welfare scheme, or is it a reflection of the government's desire to expand the scope of this benefit to secure greater electoral dividends? asks A K Bhattacharya.

SC directs states to provide dry ration to sex workers

SC directs states to provide dry ration to sex workers

Rediff.com28 Oct 2020

A bench headed by Justice L Nageswara Rao directed the state governments to get help from the National AIDS Control Organisation (NACO) and legal services authorities to identify sex workers and maintain confidentiality pertaining to the identity of sex workers.

ED alleges Satyendar Jain getting special treatment in Tihar

ED alleges Satyendar Jain getting special treatment in Tihar

Rediff.com30 Oct 2022

Delhi Minister Satyendar Jain has been getting special treatment inside the Tihar Jail, sources said quoting an affidavit filed by the Enforcement Directorate in the trial court as he meets with his wife regularly.

Govt panel to review LPG subsidy scheme, expect result by May

Govt panel to review LPG subsidy scheme, expect result by May

Rediff.com13 Mar 2014

The government appointed panel will look at the difficulties consumers faced in receiving the subsidy after buying gas cylinders at market rates.

MSP, hiking 50% quota, VVPAT, no Agnipath: Congress rolls out manifesto

MSP, hiking 50% quota, VVPAT, no Agnipath: Congress rolls out manifesto

Rediff.com5 Apr 2024

Right to apprenticeship, legal guarantee for MSP, passing a constitutional amendment to raise the 50 per cent cap on reservations for SCs, STs and OBCs, a nation-wide caste census and scrapping of Agnipath scheme are among the promises made by the Congress in its Lok Sabha polls manifesto released on Friday.

Here's how to fix the public distribution system

Here's how to fix the public distribution system

Rediff.com11 Mar 2015

Now the PMO needs to take the food sector reforms forward.

EC sets up special panel to curb cash distribution, with eye on TN

EC sets up special panel to curb cash distribution, with eye on TN

Rediff.com14 Mar 2019

CEC Sunil Arora will meet former heads of Central Board of Direct Taxes and Central Board of Indirect Taxes and Customs on Friday to discuss ways to keep a check on black money disbursements in South India, especially Tamil Nadu.

Govt to relaunch Aadhaar-linked LPG scheme

Govt to relaunch Aadhaar-linked LPG scheme

Rediff.com15 Nov 2014

New schemes allows consumers without Aadhaar to receive cash directly in their bank accounts