News for 'Empowered Committee of Finance Ministers'

GST rollout: Lack of clarity on 'supply rules' remains a barrier

GST rollout: Lack of clarity on 'supply rules' remains a barrier

Rediff.com26 Dec 2014

For supply rules, the location decides where goods or services will be taxed.

Paralysis in ore mining renders 1,00,000 jobless: Vedanta chief

Paralysis in ore mining renders 1,00,000 jobless: Vedanta chief

Rediff.com11 Dec 2013

The government has already said it is keen on starting ore mining and exports.

A long legal battle awaits Chidambarams

A long legal battle awaits Chidambarams

Rediff.com1 Mar 2018

The father-son duo are in the radar of the probe agencies in another case concerning the Aircel-Maxis deal.

Court extends interim protection from arrest granted to Chidambaram

Court extends interim protection from arrest granted to Chidambaram

Rediff.com8 Oct 2018

The senior Congress leader's role has come under the scanner of investigating agencies in the Rs 3,500-crore Aircel-Maxis deal and the INX Media case involving Rs 305 crore.

Protection from arrest to PC, son in Aircel-Maxis case extended

Protection from arrest to PC, son in Aircel-Maxis case extended

Rediff.com23 Aug 2019

Special Judge O P Saini took strong objection to the agencies seeking repeated adjournments.

India Inc unprepared for GST roll-out

India Inc unprepared for GST roll-out

Rediff.com4 Aug 2016

A GST roll-out by April 1 looks difficult, giving the companies some succour.

Allowance hike: Government staff have to wait for 2 years

Allowance hike: Government staff have to wait for 2 years

Rediff.com24 Jun 2016

Officials cited the example of the Sixth Pay Commission.

PM assures public sector banks of zero interference

PM assures public sector banks of zero interference

Rediff.com4 Jan 2015

At the retreat, PSBs had suggested the government cut its stake in these entities to less than 51 per cent over a period of time and empower the boards of individual banks.

Airce-Maxis cases: Protection from arrest granted to Chidambaram and son extended

Airce-Maxis cases: Protection from arrest granted to Chidambaram and son extended

Rediff.com7 Aug 2018

Chidambaram and his son Karti were named in the chargesheet filed by the Central Bureau of Investigation in the case on July 19.

Defiant K M Mani resigns from Kerala cabinet

Defiant K M Mani resigns from Kerala cabinet

Rediff.com10 Nov 2015

Kerala Finance Minister K M Mani resigned on Tuesday night after pressure mounted on him from the ruling Congress-led United Democratic Front to quit.

'We couldn't imagine this 15 years ago'

'We couldn't imagine this 15 years ago'

Rediff.com16 Jun 2023

'At the heart of the strategic relationship between our countries are economic ties.'

Loans from SBI, ICICI Bank to be cheaper

Loans from SBI, ICICI Bank to be cheaper

Rediff.com29 Sep 2015

With the 50 bps rate cut now more banks are expected to reduce their base rate.

A dummy's guide to GST

A dummy's guide to GST

Rediff.com7 May 2015

Here's everything you need to know about the Goods and Services Tax Bill.

Do you know what Modi's AMs are, and what they do?

Do you know what Modi's AMs are, and what they do?

Rediff.com8 Jan 2020

'The AMs are a different beast and reflect the political play within the government.' 'Prime Minister Modi does not need to assuage any interest group to take the final call on any decision that belongs rightfully to the Cabinet,' points out Subhomoy Bhattacharjee.

ED files charge sheet against Chidambaram in Aircel Maxis case

ED files charge sheet against Chidambaram in Aircel Maxis case

Rediff.com25 Oct 2018

The ED had filed the first chargesheet in the case against Chidambaram's son Karti; later, a supplementary chargesheet was also filed against him.

Ministries oppose Rangarajan panel's gas pricing formula

Ministries oppose Rangarajan panel's gas pricing formula

Rediff.com26 Apr 2013

The finance ministry has rejected the formula and, instead, suggested an alternative that takes into account well-head prices of suppliers in Qatar, Oman, Abu Dhabi and Malaysia.

GST moved in Lok Sabha amid stiff resistance

GST moved in Lok Sabha amid stiff resistance

Rediff.com24 Apr 2015

The Opposition said that the government was 'bull-dozing'.

Govt open to Cong's idea of ring-fencing GST rate

Govt open to Cong's idea of ring-fencing GST rate

Rediff.com10 Jul 2016

Cong leaders speak in two voices but final stand may be decided at a meeting headed by Rahul Gandhi next week

Aadhaar Bill to ensure privacy protection

Aadhaar Bill to ensure privacy protection

Rediff.com3 Mar 2016

The UIDAI, set up in 2009, will manage the generation and authentication of Aadhaar numbers.

FinMin mulls splitting CMD post for PSU banks

FinMin mulls splitting CMD post for PSU banks

Rediff.com25 Aug 2014

The posts of Chairman and MD in the private sector are held separately.

'On further stimulus, I've kept my options open'

'On further stimulus, I've kept my options open'

Rediff.com9 Oct 2020

'Prime Minister Modi stated several times that we shall not let this challenge go away without converting it into an opportunity to undertake systemic reforms.' 'And hasn't that been reiterated in action?'

Neglect of 1992 scam led to Mallya, Modi frauds

Neglect of 1992 scam led to Mallya, Modi frauds

Rediff.com7 Mar 2018

'The Modi government has been taking credit for improvement in respect of the ease of doing business in India.' 'But when I look at the scams I cannot help feeling that it is too easy to do business with banks in India, if one is a Harshad Mehta, Vijay Mallya or Nirav Modi and their tribe,' says former Union home secretary Madhav Godbole.

Govt to consider all views on gas price hike: FM

Govt to consider all views on gas price hike: FM

Rediff.com13 Jun 2013

The Oil Ministry has proposed raising natural gas prices by at least 60 per cent, a move that will result in rise in urea as well as power costs.

Cong should consider fielding 272 candidates below 35 yrs: Chidambaram

Cong should consider fielding 272 candidates below 35 yrs: Chidambaram

Rediff.com17 Jan 2014

Listing out the achievements of the United Progressive Alliance government, Finance Minister P Chidambaram on Friday said the country has achieved tremendous growth in the past 10 years and will continue to do so in the next decade as well.

Budget content would be decided by economic realities: Jaitley

Budget content would be decided by economic realities: Jaitley

Rediff.com18 Jan 2019

Jaitley also hinted that these very economic realities could decide whether the government sticks to a fiscal consolidation roadmap or not.

RBI may get bigger role to clean up NPA mess

RBI may get bigger role to clean up NPA mess

Rediff.com27 Mar 2017

Central bank likely to keep tabs on large wilful defaulters; policy likely by month-end.

Unfazed by PSU banks' losses, Jaitley promises more funds

Unfazed by PSU banks' losses, Jaitley promises more funds

Rediff.com6 Jun 2016

Jaitley said the government had earmarked Rs 25,000 crore (Rs 250 billion) for recapitalisation.

GST: Discount clause a worry for dealers

GST: Discount clause a worry for dealers

Rediff.com11 Dec 2015

The GST bill's draft says tax would be levied on Maximum Retail Price

'A strong, decisive leadership is what India needs'

'A strong, decisive leadership is what India needs'

Rediff.com18 Jan 2021

'What matters is meeting the needs and expectations of the people who have voted to provide governance for the country.'

'PM keeps changing goal posts for farmers'

'PM keeps changing goal posts for farmers'

Rediff.com27 Nov 2020

'Why did government not include a provision in the bills which categorically stated that no crop will be sold below the MSP in the open market?'

Govt gifts Rs 1.45-trillion incentive for 10 manufacturing sectors

Govt gifts Rs 1.45-trillion incentive for 10 manufacturing sectors

Rediff.com12 Nov 2020

The government hopes that the PLI schemes would provide 200,000-300,000 direct employment over five years, according to sources in the know.

Agriculture needs to take centre stage in Budget: Arvind Subramanian

Agriculture needs to take centre stage in Budget: Arvind Subramanian

Rediff.com13 Jan 2016

Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy

Tapping private sector, younger talent for top job at govt banks

Tapping private sector, younger talent for top job at govt banks

Rediff.com19 Jan 2015

The candidate will be expected to have at least two to three years of remaining service.

Nod given to PFC's FPO

Nod given to PFC's FPO

Rediff.com10 Feb 2011

Government has approved follow-on public offer of Power Finance Corporation worth Rs. 5,732 crore.

Political parties wake up to women, but is it too little, too late?

Political parties wake up to women, but is it too little, too late?

Rediff.com7 Feb 2022

Women, if addressed properly, have the potential to become a decisive factor in elections.

CBI charges Chidambaram, Karti in Aircel-Maxis case

CBI charges Chidambaram, Karti in Aircel-Maxis case

Rediff.com19 Jul 2018

If convicted, the offences entail a maximum punishment of seven years.

PSBs get more teeth to checkmate defaulters

PSBs get more teeth to checkmate defaulters

Rediff.com23 Nov 2018

The Ministry of Home Affairs amended its guidelines on October 12 to include the chairman, managing director or chief executive officer of each public sector bank on the list of authorities who can issue requests for opening look-out circulars against whom an FIR is yet to be filed.

9 commandments to boost private funding in India's infra sector

9 commandments to boost private funding in India's infra sector

Rediff.com1 Mar 2017

Whilst substantive public allocations have been made in the infrastructure sector, this strategy is plateauing due to the fiscal deficit constraint, capacity limitation of statal implementing agencies, the declining ability of PSUs, and the precarious situation of the Railways' operating ratio. It is, thus, high time to get the policy compass to point at rejuvenating private sector investments in infrastructure, says Vinayak Chatterjee.

How best to restore India's toxic banks to health

How best to restore India's toxic banks to health

Rediff.com24 Mar 2018

The government must set up a Bank Investment Company to shrink its role in PSBs, if we are serious about tackling the two persistent issues - lax corporate governance practices and discretionary decision-making, says Shyamal Majumdar.

EXPLAINED: What's this row over now-retired Bengal Chief Secretary

EXPLAINED: What's this row over now-retired Bengal Chief Secretary

Rediff.com1 Jun 2021

Following is the gist of the controversy over sudden transfer of West Bengal Chief Secretary Alapan Bandyopadhyay, who retired on Monday, to Delhi and related rules.