News for 'Finance Commission Report'

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.

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.

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.

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.

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.

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.

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.

Indian-American filmmaker indicted for campaign finance fraud

Indian-American filmmaker indicted for campaign finance fraud

Rediff.com24 Jan 2014

Indian-American filmmaker Dinesh D'Souza, who had made a documentary on US President Barack Obama, has been indicted on charges of violating federal campaign finance laws.

Should there be a calamity levy?

Should there be a calamity levy?

Rediff.com5 Oct 2018

Experts have flagged issues regarding the levying of new cess/tax, especially those related to complications in administering the cess.

Panel to set norms for film financing

Panel to set norms for film financing

Rediff.com6 Nov 2003

The government has constituted a high-powered committee, headed by Planning Commission Member NK Singh, to set new guidelines for regulating film financing.

Plan panel scales down fiscal targets

Plan panel scales down fiscal targets

Rediff.com23 Aug 2011

The Planning Commission projected the Centre's fiscal deficit to come down to three per cent of the gross domestic product.

PlanCom should be replaced by new think tank: Evaluation Office

PlanCom should be replaced by new think tank: Evaluation Office

Rediff.com24 Jun 2014

Assessment note says panel acts as control commission, especially in fund allocations to states.

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.

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.

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.

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.

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.

Rajnath's swipe at Aamir in Lok Sabha: 'Ambedkar didn't want to leave India'

Rajnath's swipe at Aamir in Lok Sabha: 'Ambedkar didn't want to leave India'

Rediff.com26 Nov 2015

Union Home Minister Rajnath Singh on Thursday said B R Ambedkar had never thought of leaving the country despite being subjected to insult and discrimination.

Can state govts match Centre bonanza?

Can state govts match Centre bonanza?

Rediff.com26 Mar 2008

Since most of the States' coffers are depleting the hike in salaries in states is unlikely to match the central government. The payout is likely to be deferred levels. Besides, many states have their own pay commissions. However, state govt employees are assessing whether it is the central pay commission's recommendations that will be more beneficial for them or the state govt's own, as state commission's recommendations are reviewed every 5 years and centre's every 10 years.

'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.'

'Finance ministry supported NSE in fight with MCX'

'Finance ministry supported NSE in fight with MCX'

Rediff.com22 Mar 2014

Chary also says some government officials have played an important role in favouring organisations that MCX competes with.

For every rupee in govt kitty, 68 paise come from taxes

For every rupee in govt kitty, 68 paise come from taxes

Rediff.com5 Jul 2019

Corporation tax is the single largest source of income, contributing 21 paise to each rupee earned.

New CAG guidelines to be unveiled on Tuesday

New CAG guidelines to be unveiled on Tuesday

Rediff.com20 Jun 2011

In line with the recommendations of the 12th and 13th Finance Commissions and the second Administrative Reforms Commission, the operational guidelines suggest shifting from the present cash-based accounting system to an accrual basis of accounting.

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.

Truth shall prevail, says Robert Vadra over land deal row

Truth shall prevail, says Robert Vadra over land deal row

Rediff.com29 Apr 2017

Vadra posted the remark on Facebook as the Congress came out in defence of Vadra and accused the Bharatiya Janata Party of practising political vendetta.

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.

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.

Few things Jaitley will discuss with state FMs on upcoming Budget

Few things Jaitley will discuss with state FMs on upcoming Budget

Rediff.com25 Dec 2014

Finance Minister Arun Jaitley to discuss key issues with state finance ministers.

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.

You may have to pay tax on 3rd child in Orissa

You may have to pay tax on 3rd child in Orissa

Rediff.com23 Aug 2006

The recommendation was for imposing a cess of Rs 60 a year for families above the poverty line and Rs 25 for families below the poverty line, its report said.\n\n

Gujarat govt inflated revenue surplus figure: CAG

Gujarat govt inflated revenue surplus figure: CAG

Rediff.com3 Apr 2015

The BJP government in the state violated the Indian Government Accounting Standard.

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.

Note ban effect: Govt to spend more on health, education

Note ban effect: Govt to spend more on health, education

Rediff.com23 Dec 2016

Increase of 10% to 12% likely in a bid to improve citizens' mood after demonetisation.

We might have made some mistakes: Shah on migrants

We might have made some mistakes: Shah on migrants

Rediff.com8 Jun 2020

'We might have lacked somewhere but our commitment was absolute. We might have made mistakes and fallen short to some extent. We might not have done something but what did you do'

Covid: SC miffed over delay in framing guidelines for death certificates

Covid: SC miffed over delay in framing guidelines for death certificates

Rediff.com3 Sep 2021

Solicitor General Tushar Mehta, appearing for the Centre, assured the court that everything is under consideration.

Rs 54,560 cr lost in tax sops

Rs 54,560 cr lost in tax sops

Rediff.com4 Nov 2005

Did the Budget ignore the fiscal crisis?

Did the Budget ignore the fiscal crisis?

Rediff.com16 Jul 2019

'The Budget numbers presented severely underestimate the magnitude of the unstated fiscal crisis that we went through in 2018-2019, which cannot be conceivably be fully reversed in 2019-2020,' points out Rathin Roy, director, National Institute of Public Finance and Policy.

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.

Google India appoints Niti Ayog's Archana Gulati as head of public policy

Google India appoints Niti Ayog's Archana Gulati as head of public policy

Rediff.com4 May 2022

Internet major Google has appointed former joint secretary at Niti Aayog Archana Gulati as head of public policy in India. A Google spokesperson confirmed the appointment. Messages sent to Gulati elicited no immediate reply. Gulati was looking after digital communications policy matters at the government think tank and took voluntary retirement in April last year.

Pak may exit FATF's grey list on Friday after 4 years

Pak may exit FATF's grey list on Friday after 4 years

Rediff.com20 Oct 2022

Pakistan was put in the inglorious list in 2018 for its failure to check risk of money laundering, leading to corruption and terror financing.