News for 'Finance Commission Report'

7th pay panel's draft report riddled with dissent notes

7th pay panel's draft report riddled with dissent notes

Rediff.com12 Nov 2015

The notes argue that it will widen the talent base available to govt to deliver increasingly complex services to a demanding population.

BJP demands removal of DCW chief after court order over illegal appointments

BJP demands removal of DCW chief after court order over illegal appointments

Rediff.com9 Dec 2022

In a letter to Saxena, the BJP's West Delhi MP Parvesh Verma demanded Maliwal's removal from her position.

Plan panel pegs India's growth at 8%

Plan panel pegs India's growth at 8%

Rediff.com2 Nov 2009

The commission in its recent assessment of the economy also expects economic growth to go up to nine per cent in 2011-12, and further to 10 per cent in 2014-15.

'PM making shallow comments as he is disturbed by falling GDP'

'PM making shallow comments as he is disturbed by falling GDP'

Rediff.com1 Sep 2015

Bihar Chief Minister Nitish Kumar asked the prime minister not to make new promises to Bihar but "show moral courage" and ensure implementation of all the promises made till date.

Forget tax cuts, Sitharaman advised against Budget sops

Forget tax cuts, Sitharaman advised against Budget sops

Rediff.com11 Jun 2019

FinMin does not expect tax or non-tax revenue to reach anywhere close to the targets set in the interim Budget. Sources say that the challenge before the new government will be either to accept the reduced projection and tailor the Budget accordingly or set a more ambitious target.

Who will be the next finance minister?

Who will be the next finance minister?

Rediff.com2 Dec 2008

The country's new home minister, Palaniappan Chidambaram, today said he prefers a Congressman as his successor in the finance ministry, setting off speculation about the implication of his statement.

TN assembly session begins; EPS abstains, rival OPS attends on Day 1

TN assembly session begins; EPS abstains, rival OPS attends on Day 1

Rediff.com17 Oct 2022

Assembly Speaker M Appavu said leaders of the two AIADMK factions submitted him 6 letters, including 4 from Palaniswami, asking for separate seating arrangement in the Assembly for their respective members.

Manchester City accused of breaching more than 100 financial rules

Manchester City accused of breaching more than 100 financial rules

Rediff.com6 Feb 2023

City's alleged breaches stretch from the 2009-10 season to the 2017-18 campaign, the league said on Monday.

How Babus did during the Pandemic: A report card

How Babus did during the Pandemic: A report card

Rediff.com18 Jan 2021

The Covid pandemic has left a question mark on how the central government manages its staff.

Farm goods, services to be dearer; GDP to gain

Farm goods, services to be dearer; GDP to gain

Rediff.com16 Dec 2009

Food prices have been relentlessly rising and was over 19 per cent year-on-year in the last week of November.

Tribunal reserves order on Zee, Sony merger

Tribunal reserves order on Zee, Sony merger

Rediff.com11 Jul 2023

The National Company Law Tribunal (NCLT) has reserved its order on the merger of Zee Entertainment Enterprises and with Culver Max Entertainment (earlier known as Sony Pictures Networks India). The Mumbai bench of NCLT, comprising H V Subba Rao and Madhu Sinha, reserved the order on Monday, after hearing arguments from creditors who objected to the scheme including Axis Finance, JC Flower Asset Reconstruction Co, IDBI Bank, Imax Corp and IDBI Trusteeship. In December 2021, Zee Entertainment and Sony Pictures had agreed to merge their businesses.

ED allowed to share information about economic offenders with 15 more agencies

ED allowed to share information about economic offenders with 15 more agencies

Rediff.com28 Nov 2022

The government has allowed the Enforcement Directorate to share information about economic offenders with 15 more agencies, including SFIO, CCI and NIA, a move that will expedite nailing of law-breakers. The finance ministry notified changes to the Prevention of Money Laundering Act (PMLA), 2002, on November 22. Through the notification, the Enforcement Directorate (ED), which deals primarily with cases of money laundering and violations of foreign exchange laws, would be able to share data with a total of 25 agencies, including the 10 specified earlier.

Indian startup ecosystem has potential to be growth engine: Survey

Indian startup ecosystem has potential to be growth engine: Survey

Rediff.com29 Jan 2021

The Indian startup ecosystem, which defied odds during a pandemic-hit year to create record 12 unicorns, has the potential to be the engine of growth in the medium to long run, according to the Economic Survey 2020-21. The survey noted that startups are the platform for entrepreneurs who have the ability to think out of the box and innovate to conceive products that can create a niche for themselves in a dynamically changing world.

Delhi docs end hunger strike after salaries released

Delhi docs end hunger strike after salaries released

Rediff.com29 Oct 2020

While five resident doctors of Hindu Rao Hospital had been sitting on a relay hunger strike since Friday, the senior doctors of the North Corporation-run facilities had gone on an indefinite strike on Tuesday. Their associations had joined hands in solidarity since Tuesday.

Shaktikanta Das first RBI governor under Modi to get extension

Shaktikanta Das first RBI governor under Modi to get extension

Rediff.com29 Oct 2021

The government has extended the term of Reserve Bank of India Governor Shaktikanta Das by another three years upto December 2024, according to an official order.

Opposition inciting riots over CAA: Shah

Opposition inciting riots over CAA: Shah

Rediff.com28 Feb 2020

"Shouldn't they get Indian citizenship? Shouldn't their human rights be protected?" Shah asked the audience which responded with a resounding "yes".

IL& FS case: ED grills NCP's Jayant Patil for over 9 hrs; Oppn cries vendetta

IL& FS case: ED grills NCP's Jayant Patil for over 9 hrs; Oppn cries vendetta

Rediff.com23 May 2023

Maharashtra Nationalist Congress Party (NCP) president Jayant Patil appeared before the Enforcement Directorate (ED) in Mumbai on Monday in a money laundering case linked to alleged financial irregularities in the now bankrupt financial services firm Infrastructure Leasing and Financial Services Limited (IL&FS), an official said.

Pay Commission to decide interim relief: FM

Pay Commission to decide interim relief: FM

Rediff.com24 Nov 2006

The government on Monday made it clear that it does not propose to tinker with the existing mechanism of setting up Pay Commission for revision of wages for central government employees

Pak to choke funding of terror groups to avoid FATF black list: Report

Pak to choke funding of terror groups to avoid FATF black list: Report

Rediff.com27 Jun 2018

Currently placed on the FATF'S 'grey list', Pakistan has been scrambling in recent months to avoid being added to a list of countries deemed non-compliant with anti-money laundering and terrorist financing regulations by the FATF.

Can Nitish-Tejashwi's second coming stem Bihar's rot?

Can Nitish-Tejashwi's second coming stem Bihar's rot?

Rediff.com12 Aug 2022

Various indicators make it amply clear that there are grave challenges facing the new government of Chief Minister Nitish Kumar, reports Indivjal Dhasmana.

Ahead of Karnataka polls, 26th tranche of electoral bonds to go on sale from Monday

Ahead of Karnataka polls, 26th tranche of electoral bonds to go on sale from Monday

Rediff.com31 Mar 2023

Ahead of the Karnataka assembly elections, the government on Friday approved the issuance of the 26th tranche of electoral bonds that will open for sale on April 3.

Stalin's Latest Headache

Stalin's Latest Headache

Rediff.com22 Dec 2023

CM Stalin has a procedural problem. Nominating new ministers would entail his having to seek formal permission from governor R N Ravi. Stalin does not want to interact with the person of this governor, as far as possible, predicts N Sathiya Moorthy.

US bombed 6 Muslim nations under your rule, FM slams Obama on India remark

US bombed 6 Muslim nations under your rule, FM slams Obama on India remark

Rediff.com25 Jun 2023

She said Prime Minister Narendra Modi has received the highest civilian awards from 13 countries, including six with predominantly Muslim population.

Don't deny Rs 50K ex gratia in Covid deaths, SC tells states

Don't deny Rs 50K ex gratia in Covid deaths, SC tells states

Rediff.com4 Oct 2021

The Supreme Court Monday said no state should deny the ex-gratia compensation of Rs 50,000, as recommended by National Disaster Management Authority (NDMA), to the kin of persons who died of COVID-19 on the sole ground that death certificate does not mention it as the cause of death.

Karnataka sees 72% voter turnout; results on May 13

Karnataka sees 72% voter turnout; results on May 13

Rediff.com10 May 2023

Voting came to an end for the Karnataka assembly elections on Wednesday at 6 pm with data showing a voter turnout of 65.69 per cent an hour ago.

I-T sleuths raid unrecognised political parties across India

I-T sleuths raid unrecognised political parties across India

Rediff.com7 Sep 2022

The income tax department on Wednesday conducted raids in multiple states as part of a pan-India tax evasion probe against certain registered unrecognised political parties (RUPP) and their alleged dubious financial transactions, official sources said.

Who Can Dethrone The US Dollar?

Who Can Dethrone The US Dollar?

Rediff.com24 Jul 2023

Policymakers should aspire to restore the pre-Independence environment where the rupee was trusted and used all over South Asia, in Southeast Asia, in West Asia, and in East Africa, suggests Ajay Shah.

Budget not excellent but just above average

Budget not excellent but just above average

Rediff.com12 Mar 2015

This Budget plans for an increase to 10.3% of GDP from 9.9%.

For every rupee in govt kitty, 64 paise come from taxes

For every rupee in govt kitty, 64 paise come from taxes

Rediff.com1 Feb 2020

The collection from borrowings and other liabilities will be 20 paise, while income tax will yield 17 paise to every rupee collection.

'EC should investigate against the background of 2002 communal incidents'

'EC should investigate against the background of 2002 communal incidents'

Rediff.com2 Dec 2022

'A political party taking the law into its hands is objectionable, especially in the context of the 2002 incidents in Gujarat.'

NSSO report puts a hole through govt's GDP claims

NSSO report puts a hole through govt's GDP claims

Rediff.com8 May 2019

The technical report of the NSSO has generated controversy following its observation that as much as 36 per cent units forming part of MCA-21 database, used in computing GDP, could not be either identifiable or traceable in the field.

President gives nod to CrPC, merger of Delhi civic bodies bills

President gives nod to CrPC, merger of Delhi civic bodies bills

Rediff.com19 Apr 2022

The CrPC (Identification) Bill empowers the police to obtain physical and biological samples of convicts and those accused of crimes while the DMC (Amendment) Bill, 2022 seeks to unify the three civic bodies in the national capital.

Selectively anonymous, selectively confidential: SC on poll bonds

Selectively anonymous, selectively confidential: SC on poll bonds

Rediff.com1 Nov 2023

The Supreme Court of India on Wednesday said the problem with electoral bonds scheme is that it provides for "selective anonymity" and "selective confidentiality" as the details are available with the State Bank of India (SBI) and can also be accessed by the law enforcement agencies.

No-Confidence Motion: 'Not About Numbers, But Of Morality'

No-Confidence Motion: 'Not About Numbers, But Of Morality'

Rediff.com7 Aug 2023

'We wanted the PM to speak, and he just refused to -- now we have the opportunity, not just in the Lok Sabha, but also in the Rajya Sabha, to lay the government on the mat.'

Indian fiscal policy flawed: World Bank

Indian fiscal policy flawed: World Bank

Rediff.com14 Jun 2004

Terming India's fiscal decentralisation as 'flawed', the World Bank has mooted six broad strategies, including strengthening the state finance commissions, broadening tax base and greater devolution of power to Panchayati Raj institutions.

Why can't Centre call all-party meet on 'serious issue' of freebies, asks SC

Why can't Centre call all-party meet on 'serious issue' of freebies, asks SC

Rediff.com24 Aug 2022

The Supreme Court on Wednesday said there must be a "debate" on the "serious" issue relating to the practice of political parties promising freebies and asked why cannot the Centre call for an all-party meeting on it.

RBI yet to hear from Election Commission on bank licences

RBI yet to hear from Election Commission on bank licences

Rediff.com20 Mar 2014

A section of the media on Thursday reported, quoting an unnamed EC official, that it may not allow RBI to go ahead with the plan before the polls and that they need more clarity from the Mint Road on certain aspects.

Reliance net falls 15%; plans to raise Rs 20,000 cr

Reliance net falls 15%; plans to raise Rs 20,000 cr

Rediff.com20 Jan 2023

Reliance Industries Ltd on Friday reported a 15 per cent drop in its net profit to Rs 15,792 crore for the third quarter, according to a company's stock exchange filing. The net profit of Rs 15,792 crore in October-December 2022 compares to Rs 18,549 crore a year back.

PM names top panel to monitor drought

PM names top panel to monitor drought

Rediff.com13 Aug 2009

In view of the severe drought and growing prices of essential commodities, Prime Minister Manmohan Singh has constituted a crisis management group of Ministers (GoM) for monitoring the situation on a day-to-day basis.

Government faces flak over Finance Bill in Rajya Sabha

Government faces flak over Finance Bill in Rajya Sabha

Rediff.com27 Mar 2017

The Opposition on Monday charged the government with trying to promote crony capitalism, creating fear by giving "unbridled power" to taxmen, trying to snoop into people's lives through increased use of Aadhaar through the provisions of the Finance Bill.