News for 'Finance Commission Report'

Governor Caught In Centre-Tamil Nadu Crossfire

Governor Caught In Centre-Tamil Nadu Crossfire

Rediff.com20 Apr 2022

The DMK feels its genuine gestures have had no bearing on the governor's politico-administrative conduct, which is 'more political and politicised than administrative and Constitutional', observes N Sathiya Moorthy.

Govt extends ED director S K Mishra's tenure by a year

Govt extends ED director S K Mishra's tenure by a year

Rediff.com17 Nov 2021

The government on Wednesday extended the tenure of Enforcement Directorate Director Sanjay Kumar Mishra by a year till November 18, 2022, days after the Centre brought ordinances to allow ED and Central Bureau of Investigation directors to occupy the office for up to five years.

Cong asks CAG to recuse from Rafale audit, cites conflict of interest

Cong asks CAG to recuse from Rafale audit, cites conflict of interest

Rediff.com10 Feb 2019

The opposition party also said that it would be improper on the part of Mehrishi to present the report in Parliament.

Why Has RBI Scrapped Polymer Currency Notes Idea?

Why Has RBI Scrapped Polymer Currency Notes Idea?

Rediff.com9 Mar 2022

The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.

PM Modi asks judiciary to avoid 'perception-driven' verdicts

PM Modi asks judiciary to avoid 'perception-driven' verdicts

Rediff.com5 Apr 2015

Advising judiciary to avoid "perception-driven" verdicts, Prime Minister Narendra Modi on Sunday said it should have an internal mechanism of "self-assessment" as judges are considered "divine" and seldom face any criticism unlike the political class.

Budget 2021: Experts waiting for a debt management road map

Budget 2021: Experts waiting for a debt management road map

Rediff.com22 Jan 2021

There are various estimates of India's debt to GDP ratio, but the consensus is that that it would be over 80 per cent at the end of the current fiscal year.

Why Term Plan Is Better For Home Loan Liability

Why Term Plan Is Better For Home Loan Liability

Rediff.com28 Sep 2022

If you opt for a term-life cover, buy separate policies to cover the loan for all the co-borrowers in a home loan for a sum assured equal to the home loan amount.

Why Budget 2018 won't be populist

Why Budget 2018 won't be populist

Rediff.com29 Dec 2017

The extra borrowing implies Jaitley will have extra spending space in the Union Budget for FY19, the last full one before the 2019 general election

PMO directs ministries to counter Cong charges against HRD dept

PMO directs ministries to counter Cong charges against HRD dept

Rediff.com29 May 2015

The HRD ministry is preparing a point-by-point rebuttal on charges that include infringing on the autonomy of higher educational institutions and a cut in the education budget.

India slams Pak, OIC for raising Kashmir at UN Human Rights Council

India slams Pak, OIC for raising Kashmir at UN Human Rights Council

Rediff.com15 Sep 2021

India on Wednesday hit out at Pakistan and the OIC for raising the Kashmir issue at the UN Human Rights Commission and said the grouping has 'helplessly' allowed itself to be held 'hostage' by Islamabad.

5 things FM ignored in the Budget

5 things FM ignored in the Budget

Rediff.com2 Mar 2015

Union Budget 2015 cuold have included few smaller reforms.

The curious case of $1-billion SBI loan to debt ridden-Sri Lanka

The curious case of $1-billion SBI loan to debt ridden-Sri Lanka

Rediff.com31 May 2022

The Ministry of External Affairs (MEA) on March 17 had announced that State Bank of India (SBI) would extend a term loan of $1 billion to Sri Lanka, fully guaranteed by the Indian government, and this was part of India's financial aid to the troubled island nation. Ministry of External Affairs (MEA) spokesperson Arindam Bagchi was quoted saying by news agency PTI that the loan would be used for importing food, medicines, and other essential items. "India has always stood with the people of Sri Lanka and we will continue to extend all possible support at this juncture.

US, allies cut off Russian banks from SWIFT

US, allies cut off Russian banks from SWIFT

Rediff.com27 Feb 2022

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the world's main banking messaging service which links around 11,000 banks and institutions in more than 200 countries, including India.

Narayanasamy declines to be CM if Cong wins Puducherry

Narayanasamy declines to be CM if Cong wins Puducherry

Rediff.com30 Mar 2021

He also alleged that the Bharatiya Janata Party wanted to create a Delhi-like situation in Puducherry and take power away from an elected government.

Free vaccine promise doesn't violate poll code: EC

Free vaccine promise doesn't violate poll code: EC

Rediff.com31 Oct 2020

Responding to a complaint by Right to Information activist Saket Gokhale, the commission said it has found no violation of the provisions of the model code in the issue.

Why Jaitley feels all subsidies must be rationalised

Why Jaitley feels all subsidies must be rationalised

Rediff.com19 Jan 2015

The government's subsidy bill towards oil, fertilisers runs into lakhs of crores of rupees.

'Unlike UP...': Rahul's counter to BJP on Punjab rape

'Unlike UP...': Rahul's counter to BJP on Punjab rape

Rediff.com24 Oct 2020

"Unlike in UP, the governments of Punjab and Rajasthan are not denying that the girl was raped, threatening her family and blocking the course of justice. If they do, I will go there to fight for justice," he tweeted.

India-focused funds may soon get fast approval from Mauritius

India-focused funds may soon get fast approval from Mauritius

Rediff.com7 Oct 2020

Market observers also said the approvals depended a lot on the funds themselves, and the extent to which they followed the new norms introduced last year.

Highlights of Union Budget 2021-22

Highlights of Union Budget 2021-22

Rediff.com1 Feb 2021

Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.

Lokpal gets 4,244 complaints till Jan, over 80% jump from 2020-21

Lokpal gets 4,244 complaints till Jan, over 80% jump from 2020-21

Rediff.com3 Mar 2022

A total of 2,355 complaints (including format and non-format) were received through online/offline and email during 2020-21.

Does the economy need fiscal stimulus? Debate rages on

Does the economy need fiscal stimulus? Debate rages on

Rediff.com11 Jun 2019

The reform priorities are clear: enhance savings, improve productivity. Just 25 basis points of moving interest rate up or down would not boost investment: Former RBI Governor Y V Reddy.

ED arrests Jharkhand mining secretary Pooja Singhal

ED arrests Jharkhand mining secretary Pooja Singhal

Rediff.com11 May 2022

Sources claimed that Singhal was "evasive" in her replies and hence was arrested.

60% voting till 5 pm in second phase of UP polls

60% voting till 5 pm in second phase of UP polls

Rediff.com14 Feb 2022

Polling across 55 assembly constituencies assembly in nine districts got off to sluggish start at 7 am due to the cold and fog at several places.

Visionary Budget or worse than Pranab Mukherjee's?

Visionary Budget or worse than Pranab Mukherjee's?

Rediff.com3 Mar 2021

The sad truth is that the debt-to-GDP ratio will shoot up close to 90 per cent in the coming year, and the fiscal deficit glide path does not promise to reduce it substantially any time soon, predicts Mihir S Sharma.

FM allocates nearly Rs 40 crore for Lokpal

FM allocates nearly Rs 40 crore for Lokpal

Rediff.com1 Feb 2021

A total of Rs 39.67 crore has been allocated to the Lokpal for the next fiscal, according to Union Budget 2021-22 presented by Finance Minister Nirmala Sitharaman.

Modi's pre-poll gift: DA hiked by 3%

Modi's pre-poll gift: DA hiked by 3%

Rediff.com19 Feb 2019

The hike will benefit about 48.41 lakh central government employees and 62.03 lakh pensioners.

What was Pratip Chaudhuri's crime?

What was Pratip Chaudhuri's crime?

Rediff.com23 Nov 2021

The account turned bad before Chaudhari took over as SBI chairman and the asset was sold to AARC following an open bidding process, months after Chaudhari retired, explains Tamal Bandyopadhyay.

Unified MCD comes into existence, Gyanesh Bharti new commissioner

Unified MCD comes into existence, Gyanesh Bharti new commissioner

Rediff.com22 May 2022

With the special officer and the new commissioner taking charge, the exercise to reshuffle and reorganise the municipal staff will begin.

Will the funds for rural India reach the poor?

Will the funds for rural India reach the poor?

Rediff.com2 Mar 2016

Sustained rural poverty can't be eradicated without capacity building.

NC cries foul as Omar Abdullah is questioned by ED in J&K Bank case

NC cries foul as Omar Abdullah is questioned by ED in J&K Bank case

Rediff.com7 Apr 2022

The Enforcement Directorate questioned former Jammu and Kashmir chief minister Omar Abdullah for five hours on Thursday in connection with a case related to the purchase of a building by the J&K Bank about 12 years ago when he was in office, officials said in New Delhi.

Rahul's NYAY: Where will the money come from?

Rahul's NYAY: Where will the money come from?

Rediff.com27 Mar 2019

Experts say the party is undoing what it achieved through MNREGA by targeting beneficiaries

NEP Opens Doors For Foreign Universities

NEP Opens Doors For Foreign Universities

Rediff.com21 Jun 2022

'We are receiving a steady stream of interest from well-established foreign universities.'

Forex-starved Sri Lanka runs out of cash to buy fuel

Forex-starved Sri Lanka runs out of cash to buy fuel

Rediff.com21 Feb 2022

Sri Lankan government on Monday admitted that it has run out of cash to buy fuel as pumps in most filling stations across the country have run dry, exacerbating the deepening foreign-exchange crisis that has crippled the island nation's economy.

'Kejriwal can't handle being CM, dreams of being PM'

'Kejriwal can't handle being CM, dreams of being PM'

Rediff.com3 Feb 2016

'Delhi is regretting its decision of electing Arvind Kejriwal.'

Lakshmi Vilas Bank comes under Sebi scanner for 'insider trading'

Lakshmi Vilas Bank comes under Sebi scanner for 'insider trading'

Rediff.com10 Dec 2020

LVB had faced some serious flak in terms of bad loans, earnings and credit rating downgrades, since 2016.

64.42% voting in 2nd phase of UP polls, says EC

64.42% voting in 2nd phase of UP polls, says EC

Rediff.com15 Feb 2022

Saharanpur recorded a turnout of 71.13 per cent, Bijnor 65.91, Moradabad 67.26, Sambhal 62.87, Rampur 64.26, Amroha 71.98, Budaun 59.24, Bareilly 61.67 and Shahjahanpur 59.34 per cent, a statement issued by the election office said in Lucknow on Tuesday.

How Taliban's funding continued over 20 years

How Taliban's funding continued over 20 years

Rediff.com9 Sep 2021

In fact, the Taliban apparently collects about 10 per cent as cultivation tax from opium farmers and 15 per cent as heroin tax from laboratories and smugglers that smuggle narcotics into Pakistan. This, by itself, is a revenue stream estimated at USD 250-300 million.

Roadmap to implement SC order on women officers ready: Army chief

Roadmap to implement SC order on women officers ready: Army chief

Rediff.com20 Feb 2020

Indian Army has taken the initiative to induct women in rank and file, and the first batch of 100 women soldiers is undergoing training at Corps of Military Police Centre and School, he said.

Will the entry of PEs into banks lead to better governance?

Will the entry of PEs into banks lead to better governance?

Rediff.com24 Mar 2022

Private equity (PE) is set to play a bigger role in banks. Of 21 recommendations accepted by the Reserve Bank of India (RBI) out of 31 made by its Internal Working Group (IWG), its stance on non-promoter holdings in private banks is seen with excitement, though it doesn't refer to PEs explicitly. On non-promoter holdings in these banks, the RBI said this will be capped at 10 per cent of the paid-up voting equity share capital in the case "of natural persons and non-financial institutions and entities"; and "at 15 per cent for all categories of financial institutions, entities, supranational institutions, public sector undertaking, or the government." While this is a modification of the IWG's stance for the non-promoter holding in banks at up to 15 per cent, it does open up a huge window for PEs, all the same. This is because, while the RBI has remained silent on the eligibility of industrial houses for bank licences, fresh high-quality capital in large amounts can only come from PEs.

HC grants interim bail to SAD leader Majithia in drugs case

HC grants interim bail to SAD leader Majithia in drugs case

Rediff.com11 Jan 2022

SAD leader Bikram Singh Majithia, facing arrest in an NDPS case, involving sale, purchase and manufacturing of drugs among other offences, was on Monday granted anticipatory bail by the Punjab and Haryana High Court.