News for 'Directors General of Income Tax'

'BJP Has 6,000 Crores To Spend On Elections'

'BJP Has 6,000 Crores To Spend On Elections'

Rediff.com19 Apr 2024

'Not even a single rupee from the electoral bonds should be allowed to be used in the election.' 'If it is used in the election, it will taint India's electoral process itself.'

Shivakumar case: HC raps ED over delay

Shivakumar case: HC raps ED over delay

Rediff.com17 Oct 2019

"You cannot play hide and seek with the court," Justice Suresh Kait said.

Govt to procure 200K-tonne onions amid farmer protest

Govt to procure 200K-tonne onions amid farmer protest

Rediff.com23 Aug 2023

Barely days after imposing a 40 per cent export tax on onions to cool down soaring prices, which, in turn, triggered widespread protests across the main growing belts, the Centre on Tuesday sought to mitigate both political and economic tensions gripping parts of Maharashtra. It decided to procure an additional 200,000 tonnes of onions at Rs 2,410 per quintal for its buffer stock from farmers, a rate that is strikingly close to the price at which they were being exported before the 40 per cent duty was levied on August 19. The export price before the imposition of the duty stood at around $320 per tonne free on board (approximately Rs 2,650 per quintal).

CBI lodges fresh FIR against Nirav Modi, approaches Interpol

CBI lodges fresh FIR against Nirav Modi, approaches Interpol

Rediff.com17 Feb 2018

The agency on Friday also carried out searches on the premises of the Gitanjali Group at 20 places in Mumbai, Pune, Surat, Jaipur, Hyderabad and Coimbatore.

'Huge demand for life insurance products in India'

'Huge demand for life insurance products in India'

Rediff.com1 Jan 2024

'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'

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.

Is There Really No Alternative To Modi?

Is There Really No Alternative To Modi?

Rediff.com14 May 2024

'Are we so ready to believe that in this country whose virtues we constantly shout from the rooftops, there is no single person -- other than Modi -- in a minimum of 272 elected MPs with the talent and ability to lead this country?' asks Prem Panicker.

Day 3: ED grills Rahul for 8 hrs, summons him again on Friday

Day 3: ED grills Rahul for 8 hrs, summons him again on Friday

Rediff.com15 Jun 2022

Congress leader Rahul Gandhi appeared before the Enforcement Directorate (ED) on Wednesday for the third consecutive day of questioning in the National Herald money laundering case, with the agency seeking answers on decisions taken with regard to the media organisation and its owner Young Indian.

Ease of doing biz: Exporters can use credit cards to pay fee

Ease of doing biz: Exporters can use credit cards to pay fee

Rediff.com3 Feb 2015

Exporters can make payment of fees through debit/credit cards.

ATM cash vans under lens to check black money in Bihar polls

ATM cash vans under lens to check black money in Bihar polls

Rediff.com4 Oct 2015

Banks asked to maintain record of cash being ferried in these vehicles all the time

2021: How to organise your financial documents

2021: How to organise your financial documents

Rediff.com5 Jan 2021

The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.

Congress leaders detained during protest in Karnataka

Congress leaders detained during protest in Karnataka

Rediff.com4 Mar 2023

More than Rs 8 crore unaccounted cash has been seized in subsequent raids at various locations by Lokayukta. The arrested officer's father is Madal Virupakshappa, the MLA representing Channagiri constituency in Davangere district of the state.

PPF stays on exemption list, only EPF interest to attract tax

PPF stays on exemption list, only EPF interest to attract tax

Rediff.com1 Mar 2016

Facing flak over its decision to impose tax at the time of withdrawal on 60 per cent of the contributions to Employees' Provident Fund, the government on Tuesday clarified that only interest accrued on 60 per cent contribution to EPF after April 1, 2016 will be taxed.

US investor BlackRock slashes Byju's valuation by 95% to $1 billion

US investor BlackRock slashes Byju's valuation by 95% to $1 billion

Rediff.com15 Jan 2024

BlackRock has again reduced the valuation of its share in edtech firm Byju's - this time to about $1 billion, TechCrunch reported on Friday, citing disclosures made by the US-based asset manager. This is 95 per cent less than its peak valuation of $22 billion in 2022. The markdown comes at a time when the company is facing a multitude of challenges, including securing fresh capital, delays in financial reporting and legal disputes with lenders.

Right Time To Invest In Govt Bonds

Right Time To Invest In Govt Bonds

Rediff.com4 Nov 2022

Investors not comfortable investing directly may take the mutual fund route, where they get exposure to a diversified portfolio of bonds.

Buying a house jointly with spouse? Define ownership first!

Buying a house jointly with spouse? Define ownership first!

Rediff.com8 May 2018

Define ownership proportionately at the time of registration to ensure that you don't face problems on taxation front.

Life insurance companies clock 25.28% drop in premiums

Life insurance companies clock 25.28% drop in premiums

Rediff.com8 Dec 2023

The life insurance industry reported a 25.28 per cent decline in new business premium income in November 2023 to Rs 26,494.83 crore from Rs 34,588.8 crore recorded a year ago. The fall in group premium and change in taxation norms for policies with a higher ticket size dragged the premiums of the state-run Life Insurance Corporation of India (LIC) and private insurers, respectively. According to the data released by the Life Insurance Council, the premium of private insurers slipped 9.33 per cent Y-o-Y to Rs 10,360.29 crore from Rs 11,426.73 crore as a result of a change in product mix due to the measures taken to counter the impact of tax imposed on the premiums of Rs 5 lakh.

Want your insurance queries answered?

Want your insurance queries answered?

Rediff.com12 Mar 2021

Roopam Asthana, CEO and the whole-time director, Liberty General Insurance Ltd, will answer your queries on HEALTH and AUTO insurance.

Honest bankers don't need to fear the '3 Cs': Sitharaman

Honest bankers don't need to fear the '3 Cs': Sitharaman

Rediff.com28 Dec 2019

Sitharaman also directed public sector bank heads to clear long pending vigilance cases against their officials for alleged malpractices.

Tejashwi meets Sonia, Left in Delhi, says Bihar model to go all-India

Tejashwi meets Sonia, Left in Delhi, says Bihar model to go all-India

Rediff.com12 Aug 2022

Yadav said all parties have joined hands against the BJP in the Bihar assembly, and added "now this is going to be replicated across the whole country".

Adani Group gets Rs 5,500 crore tax notice

Adani Group gets Rs 5,500 crore tax notice

Rediff.com18 May 2014

The Directorate of Revenue Intelligence (DRI) has slapped a Rs 5,500-crore show-cause notice on Adani group for alleged over-valuation of capital equipment imports.

You won't be able to bear the consequences: Stalin warns BJP

You won't be able to bear the consequences: Stalin warns BJP

Rediff.com15 Jun 2023

Tamil Nadu Chief Minister M K Stalin on Thursday warned the Bharatiya Janata Party not to 'provoke' the Dravida Munnetra Kazhagam, saying it will not be able to 'bear the consequences' and that his party also knows 'all types of politics', escalating his attack on the saffron party after the arrest of his cabinet colleague V Senthil Balaji.

Budget 2015: What India Inc expects from Jaitley

Budget 2015: What India Inc expects from Jaitley

Rediff.com24 Feb 2015

Boost to dairy sector will generate jobs

Pak trying to sneak weapons into J-K using UAVs

Pak trying to sneak weapons into J-K using UAVs

Rediff.com6 Aug 2020

The J-K top cops also said less than 200 militants are currently active in Jammu and Kashmir.

Budget should encourage financial savings: CII

Budget should encourage financial savings: CII

Rediff.com9 Jul 2014

Encouraging domestic financial savings through focused measures would help mobilise long term resources for funding infrastructure and economic development.

Money laundering norms stump jewellery sector

Money laundering norms stump jewellery sector

Rediff.com29 Aug 2017

Dealers with turnover of Rs 2 crore and above covered; industry says threshold too low

Efforts on to form non-BJP front at national level: Pawar

Efforts on to form non-BJP front at national level: Pawar

Rediff.com29 Aug 2022

Speaking to reporters in Thane, Pawar accused the Narendra Modi government of failing to fulfil any of the promises made by it since 2014 including bringing 'acche din, connecting villages through the internet, and providing toilets, water, and power to every household'.

Yes Bank crisis: BJP fires salvo at Priyanka Gandhi

Yes Bank crisis: BJP fires salvo at Priyanka Gandhi

Rediff.com9 Mar 2020

BJP spokesperson G V L Narasimhra Rao noted that Priyanka's husband Robert Vadra is accused of using "shady methods to make windfall profits from dubious real estate transactions" and said the report of her receiving Rs 2 crore from Kapoor for a painting which was not her own shows that the powerful couple have leveraged their political power to make "private gains".

Everyone Must Create An Emergency Corpus

Everyone Must Create An Emergency Corpus

Rediff.com11 Apr 2023

'Set aside around six months' monthly expenses for emergencies.' 'Keep this money in safe and liquid options, such as liquid funds and fixed deposits.'

CBI raids D K Shivakumar's premises, 'recovers' Rs 57 lakh

CBI raids D K Shivakumar's premises, 'recovers' Rs 57 lakh

Rediff.com6 Oct 2020

Congress leaders have hit out at the BJP governments at the Centre and in Karnataka, questioning its timing.

'Like my father': Anchor amid row over IPS officer seen beating wife

'Like my father': Anchor amid row over IPS officer seen beating wife

Rediff.com29 Sep 2020

Purushottam Sharma, a 1986 batch IPS officer, was transferred following a viral video which showed him thrashing his wife, soon after she confronted him at the anchor's flat.

Byju's in talks with investors to raise $300 mn in return for more controls

Byju's in talks with investors to raise $300 mn in return for more controls

Rediff.com2 Jan 2024

With investors asking for a change in the board structure at Byju's, the edtech giant's founder and chief executive officer (CEO), Byju Raveendran, is now asking them to put $300 million into the company for more control. The company has rung up $5.8 billion from investors such as General Atlantic, Sofina, the Qatar Investment Authority, Sumeru Ventures, Vitruvian Partners, BlackRock, Chan Zuckerberg Initiative, Sequoia, Silver Lake, Bond Capital, Tencent, and Tiger Global.

Flipkart, Amazon's business practices to be probed

Flipkart, Amazon's business practices to be probed

Rediff.com13 Jan 2020

The order follows a complaint filed by Delhi Vyapar Mahasangh which accused the e-commerce firms of anti-competitive practices like preferential listing, exclusive tie-ups and private labels.

Tax hurdles can keep foreign investment at bay

Tax hurdles can keep foreign investment at bay

Rediff.com19 Sep 2014

Once again, tax demands on foreign investors cause worry.

30 dead as Dera followers run riot in Haryana, Punjab

30 dead as Dera followers run riot in Haryana, Punjab

Rediff.com27 Aug 2017

Dera Sacha Sauda followers went on a rampage setting fire to vehicles, buildings and railway stations following the conviction of their head -- Gurmeet Ram Rahim -- in a rape case.

Madras high court wants anti-graft probe against OPS completed soon

Madras high court wants anti-graft probe against OPS completed soon

Rediff.com25 Jul 2018

Justice G Jayachandran disposed of the petitions filed by Bharathi and another one by the non-governmental organisation 'Arappor Iyakkam' represented by Jairam Venkatesh seeking a direction to the DVAC to probe the complaint. "...The inquiry has to be completed as expeditiously as possible...," the judge said.

Online info brings India Inc under more scrutiny

Online info brings India Inc under more scrutiny

Rediff.com7 Jan 2015

MCA portal clocks 5 mn views in 8 months; ministry to integrate company records portal with DGFT, I-T dept this year

What keeps Indian companies from doing good?

What keeps Indian companies from doing good?

Rediff.com29 Jul 2015

Constantly evolving rules and anomalies over tax treatment have constrained corporate programmes in the first year that the government's CSR mandate has been in force.

Doing business in India gets a bit easier

Doing business in India gets a bit easier

Rediff.com16 Feb 2015

An online system generates import-export code.

Parliamentary Panel demands person with credential to lead SAI

Parliamentary Panel demands person with credential to lead SAI

Rediff.com14 Aug 2015

Parliamentary Standing Committee on Human Resource Development headed by Satyanarayan Jatiya has slammed SAI for not roping in sportspersons even 20 years after being asked for restructuring of the "unwieldy and monolithic bureaucratic organisation