News for 'Federal Board of Revenue'

IndiGo Board Unsure If CEO Must Go

IndiGo Board Unsure If CEO Must Go

Rediff.com9 Dec 2025

'I don't think it is right to remove him over one lapse. The focus should be on restoring operations, not on removing a key management personnel.'

AIFF's 20-year blueprint to rescue Indian Super League

AIFF's 20-year blueprint to rescue Indian Super League

Rediff.com26 Dec 2025

If all goes well, the new season of ISL may start in the first week of February.

Year of the Woman: How India's Sportswomen Owned 2025

Year of the Woman: How India's Sportswomen Owned 2025

Rediff.com30 Dec 2025

They weren't up for a windfall even after the trophy but life was certain to get a lot better as some sponsors and state governments stepped up to lift them financially.

Pre-Budget meeting: Ficci seeks faster resolution of tax disputes

Pre-Budget meeting: Ficci seeks faster resolution of tax disputes

Rediff.com29 Oct 2025

The Federation of Indian Chambers of Commerce and Industry (Ficci) has sought urgent steps to clear the huge backlog of income-tax appeals, simplify tax deducted at source (TDS) compliance, and ensure tax neutrality for fast-track demergers, during its consultation with Revenue Secretary Arvind Shrivastava ahead of the Union Budget 2026-27.

What will happen if Pakistan pulls out of Asia Cup?

What will happen if Pakistan pulls out of Asia Cup?

Rediff.com16 Sep 2025

Pakistan's reported threat to pull out from the ongoing Asia Cup after demanding ICC match referee Andy Pycroft's removal won't be particularly easy

Pak gets $1 bn as second tranche from IMF; budget under scanner

Pak gets $1 bn as second tranche from IMF; budget under scanner

Rediff.com14 May 2025

The disbursement of the second tranche comes on a day when the International Monetary Fund is holding virtual discussions on Pakistan's upcoming budget, as the visit of its mission to Islamabad was delayed due to security concerns in the region.

Pak hikes defence budget amid tension with India

Pak hikes defence budget amid tension with India

Rediff.com11 Jun 2025

Pakistan on Tuesday increased its defence budget by 20 per cent, allocating PRs. 2,550 billion ($9 billion) for the fiscal year 2025-26, amid tensions with India.

GST 2.0: India's Answer To Trump's Tariffs

GST 2.0: India's Answer To Trump's Tariffs

Rediff.com4 Sep 2025

Simplifying GST rates, removing exemptions, easing disputes, and speeding up refunds can boost investment in India and offer the best reply to Trump's tariffs, observes V S Krishnan, former member, Central Board of Indirect Taxes and Customs.

Cognizant Q1 net income rises 21.4%

Cognizant Q1 net income rises 21.4%

Rediff.com2 May 2025

Information-technology (IT) services major Cognizant has kept its full-year guidance on revenue growth unchanged at 3.5-6 per cent in constant currency even as the industry is becoming cautious about macro conditions because of tariff wars.

'No Sane Pilot Would Shut Off Fuel'

'No Sane Pilot Would Shut Off Fuel'

Rediff.com21 Jul 2025

'In multi-pilot operations, no critical switch can be moved without the other pilot's consent.'

Two Insurers Announce Investment In Bima Sugam

Two Insurers Announce Investment In Bima Sugam

Rediff.com14 Mar 2025

New India Assurance and Niva Bupa have invested in the Bima Sugam India Federation.

'How Can IRDAI Ask Insurers To Invest In Bima Sugam?'

'How Can IRDAI Ask Insurers To Invest In Bima Sugam?'

Rediff.com27 Feb 2025

'It is imprudent on the part of Indian insurance companies to invest out of the shareholders' fund in a private limited company.'

Airfares Nosedive For Diwali!

Airfares Nosedive For Diwali!

Rediff.com31 Oct 2024

'The past few quarters have seen prohibitive fares for advance bookings, only to dip closer to departure.'

ED probe against Sidda's wife: Irregularities found

ED probe against Sidda's wife: Irregularities found

Rediff.com3 Dec 2024

Evidence of several irregularities have been detected in the transfer of 14 sites by the Mysuru Urban Development Authority (MUDA) to B M Parvathi, the wife of Karnataka Chief Minister Siddaramaiah, according to the Enforcement Directorate.

'Jobs Have To Be Created Everywhere'

'Jobs Have To Be Created Everywhere'

Rediff.com25 Jul 2024

'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'

Will Japan Instability Derail India Ties?

Will Japan Instability Derail India Ties?

Rediff.com8 Nov 2024

There is nothing to be worried about as bilateral ties are robust with solid foundations. Both are on the same page on the economic and defence/security ties bilaterally and globally and that shall continue irrespective of change in political dispensation in either country, points out Dr Rajaram Panda.

Weightlifting federation probe reveals corruption, doping cover-ups

Weightlifting federation probe reveals corruption, doping cover-ups

Rediff.com4 Jun 2020

The International Weightlifting Federation (IWF) was plagued by decades of corruption orchestrated by autocratic former president Tamas Ajan, said Richard McLaren after he led an independent investigation into the governing body. McLaren, the Canadian law professor whose findings in July 2016 led to Russia being banned from all international athletic competitions, including the Rio Olympics, told reporters on Thursday that the IWF was rife with corruption. This included vote buying, doping cover-ups and $10.4 million in cash that cannot be accounted for.

Shaktikanta Das: RBI Governor Who Walks The Talk

Shaktikanta Das: RBI Governor Who Walks The Talk

Rediff.com13 Mar 2024

'Das is friendly, but he finally does what he does. The quality of engagement is very good.'

UAE prince loses his falcons, Pak to pay him Rs 3.6 crore

UAE prince loses his falcons, Pak to pay him Rs 3.6 crore

Rediff.com1 Jun 2012

After Sheikh Muhammad Sultan Ahmed Mualla lost his falcons at the airport in Rawalpindi in March, the Federal Tax Ombudsman directed the Federal Board of Revenue to pay him Rs 3.5 crore as compensation for the birds and an additional Rs 1 crore for the mental and emotional anguish caused to him, a media report said on Friday.

ICC revamp a recognition of India's revenue generation, says BCCI

ICC revamp a recognition of India's revenue generation, says BCCI

Rediff.com23 Jan 2014

BCCI said the plan, which would leave executive decision-making in the hands of India, Australia and England, is a "recognition" of the country's revenue generation capacity.

'No choice': Elon Musk justifies mass layoffs at Twitter

'No choice': Elon Musk justifies mass layoffs at Twitter

Rediff.com5 Nov 2022

Musk has blamed activists for a significant drop in the company's revenues.

What Are RBI's Challenges In 2024?

What Are RBI's Challenges In 2024?

Rediff.com9 Feb 2024

The challenge for the RBI in 2024 is likely to be less about containing elevated inflation and more about curbing excessive financial market exuberance and a 'problem of plenty', notes Sajjid Chinoy, Chief India Economist JP Morgan.

Pakistan's Afridi, Younus chased for unpaid tax bill

Pakistan's Afridi, Younus chased for unpaid tax bill

Rediff.com3 Nov 2012

Former Pakistan captains Younus Khan and Shahid Afridi were among four senior national cricketers being chased by the country's financial authority for unpaid taxes totaling 80 million rupees.

Pak captain Misbah facing probe for tax evasion?

Pak captain Misbah facing probe for tax evasion?

Rediff.com8 Mar 2013

Pakistan's Test and One-day captain Misbah-ul-Haq, along with some other leading players, will be investigated by the Federal Board of Revenue (FBR) for filing incomplete tax returns.

Cricket Boards brace for losses in the time of coronavirus

Cricket Boards brace for losses in the time of coronavirus

Rediff.com20 Mar 2020

A shorter tournament will mean a smaller share from the shrunken central pool of revenues for the eight IPL franchises, not to mention a reduction in gate receipts. Cricket Australia stands to lose some A$300 million ($174 million) should the coronavirus outbreak derail their high-profile home test series against India later this year.

FICA urges other cricket boards to reject new ICC proposal

FICA urges other cricket boards to reject new ICC proposal

Rediff.com22 Jan 2014

The Federation of International Cricketers' Associations (FICA) urged Test playing nations on Wednesday to reject the controversial proposals that would effectively place Australia, England and India in charge of the world game.

Income of Pakistan cricketers to be probed

Income of Pakistan cricketers to be probed

Rediff.com6 Sep 2010

Moved by the recent spot-fixing scandal which has engulfed Pakistan cricket, the country's Federal Board of Revenue (FBR) has instructed its regional offices to accumulate details of the assets of the players who have represented the country over the last five years.

No respite for Pakistan's captain, his SUV confiscated

No respite for Pakistan's captain, his SUV confiscated

Rediff.com2 Jun 2015

Misbah-ul-Haq's misfortunes with the Federal Board of Revenue and Taxation continued when his SUV vehicle was confiscated by authorities for non payment of taxes and duty.

Corporate travel helps GoAir raise revenue

Corporate travel helps GoAir raise revenue

Rediff.com1 Aug 2014

GoAir hopes to fly 15 million passengers by 2016-17, serve 30 destinations, up from 21 now, and will largely remain a domestic airline.

USA's MLC to create seismic shifts in world cricket

USA's MLC to create seismic shifts in world cricket

Rediff.com20 Mar 2023

The IPL franchises are now expanding their bouquet of teams across leagues in the West Indies, UAE, South Africa and now the US is another untapped market that wasn't explored despite the Asian diaspora craving for some cricket.

Sameer Wankhede's Mumbai NCB stint ends; sent back to DRI

Sameer Wankhede's Mumbai NCB stint ends; sent back to DRI

Rediff.com3 Jan 2022

The tenure of controversial Narcotics Control Bureau Mumbai zonal director Sameer Wankhede with the federal anti-narcotics agency has ended and his services have been put at the disposal of his parent organisation Directorate of Revenue Intelligence, officials said on Monday.

Ex-Pak prez Zardari acquitted in corruption case

Ex-Pak prez Zardari acquitted in corruption case

Rediff.com24 Nov 2015

Pakistan's former president Asif Ali Zardari was on Tuesday acquitted in a corruption case dating back to the 1990s when his slain wife Benazir Bhutto was prime minister.

Budget 2023: What tax experts want from Sitharaman

Budget 2023: What tax experts want from Sitharaman

Rediff.com22 Dec 2022

Widening of the tax base, doing away with cess and surcharge, improvement in compliance and moderation in tax for emerging sectors are some of the suggestions submitted to the Finance Ministry ahead of the Budget by Think Change Forum (TCF). Experts are of the opinion that there is a need to grow tax revenues for the government to drive economic growth and make investments in developmental activities, TCF, the think tank said in a statement. Towards this end, poor compliance was identified as a weak link in achieving targeted collections leading to complex issues like overtaxing, complicated tax structures, rising litigation, among others.

1,200-yr-old temple in Pak, occupied after Babri demolition, to be restored

1,200-yr-old temple in Pak, occupied after Babri demolition, to be restored

Rediff.com4 Aug 2022

A 1,200-year-old Hindu temple in Pakistan's Lahore city will be restored after 'illegal occupants' were evicted from it following a lengthy court battle, the federal body overseeing minority worship places in the country said on Wednesday.

The A-W Of Desi Guests At the White House Dinner

The A-W Of Desi Guests At the White House Dinner

Rediff.com24 Jun 2023

The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.

Planned after Mumbai terror attack, Modi likely to launch NATGRID soon

Planned after Mumbai terror attack, Modi likely to launch NATGRID soon

Rediff.com12 Sep 2021

"Had corona (COVID-19) not been there, the prime minister would have dedicated NATGRID to the country. I am hopeful that the prime minister will dedicate NATGRID to the country in some time," Union home minister Amit Shah said during the 51st Foundation Day event of the Bureau of Police Research and Development (BPRD) here on September 4.

Why TN Has Challenged NEET in Supreme Court

Why TN Has Challenged NEET in Supreme Court

Rediff.com22 Feb 2023

As the petition points out, new medical colleges entail adjunct government hospitals, thus making specialised medical care that much more accessible to the vast majority of population that otherwise could not afford high-cost medical care in the private sector, N Sathiya Moorthy points out.

Why current cricketers should be thankful to Tendulkar, Dravid and Kumble

Why current cricketers should be thankful to Tendulkar, Dravid and Kumble

Rediff.com10 Apr 2019

Referring to the trio's fight for share in BCCI revenue for players back in 2001-02, sehwag said it went a long way in guaranteeing financial security that is enjoyed by the current crop of players.

'Nightwatchman' Bommai will stay till polls

'Nightwatchman' Bommai will stay till polls

Rediff.com27 Aug 2022

Success in Karnataka's assembly polls will hinge on two factors: Drop a large number of incumbent MLAs and project Modi and not the state leaders, least of all Bommai.

Paytm makes history; IPO oversubscribed 1.89 times

Paytm makes history; IPO oversubscribed 1.89 times

Rediff.com10 Nov 2021

Paytm's Rs 18,300 crore IPO was oversubscribed 1.89 times on the last day of India's biggest share sale on Wednesday, making it one of the country's most valued companies. The initial public offering of Paytm's parent company One97 Communications Ltd received bids for 9.14 crore equity shares against the offer size of 4.83 crore shares, according to information available from stock exchanges. While the portion set aside for retail investors was oversubscribed early, institutional buyers including FIIs flooded the share sale with offers on Wednesday, seeking 2.79 times the number of shares reserved for them.