News for 'Finance Commission Report'

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.

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.

'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.'

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.

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.

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

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.

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.

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.

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.

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.

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.

Budget 2020: Farm experts pitch for scrapping GST on agri-inputs

Budget 2020: Farm experts pitch for scrapping GST on agri-inputs

Rediff.com18 Dec 2019

Bharat Krishak Samaj demanded that the Pradhan Mantri Fasal Bima Yojana should be replaced with a new crop insurance and compensation scheme.

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.

Was this why Murmu was moved out of J&K?

Was this why Murmu was moved out of J&K?

Rediff.com10 Aug 2020

G C Murmu rarely speaks in public and when he does, his statements are always in lockstep with the thinking within this government.

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.

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.

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.

Anurag Thakur raises 'kill traitors' slogan at poll rally

Anurag Thakur raises 'kill traitors' slogan at poll rally

Rediff.com28 Jan 2020

Addressing the meeting in support of BJP candidate from Rithala, Manish Chaudhary, Singh raised the pitch of nationalism as he linked opposition parties with anti-CAA protests in Shaheen Bagh and with alleged anti-India slogans, and then asked the crowd to raise the controversial slogan.

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.'

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.

Election Commissioner Ashok Lavasa resigns

Election Commissioner Ashok Lavasa resigns

Rediff.com18 Aug 2020

Lavasa would soon be joining the Asian Development Bank as vice president

Will take action on Dhingra panel's findings on Vadra: Khattar

Will take action on Dhingra panel's findings on Vadra: Khattar

Rediff.com28 Apr 2017

Khattar noted that the court has not given permission to make the report of the commission public.

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.

UDAY, to revive govt power distribution cos, is a flop

UDAY, to revive govt power distribution cos, is a flop

Rediff.com11 Oct 2019

The power ministry is planning to start a second version of UDAY, aimed only at reducing the losses of discoms and improving the quality of power supply.

Gangrape: We are trying to find lasting solution, says PC

Gangrape: We are trying to find lasting solution, says PC

Rediff.com26 Dec 2012

Finance Minister P Chidambaram on Wednesday said that a commission, headed by retired Justice Usha Mehra, will probe the Delhi gang-rape case and submit its report in three months. "The commission headed by former high court judge Usha Mehra will identify the lapses and may also come up with an interim report if necessary," Chidambaram told media personnel.

India moving in right direction on GST, says Panagariya

India moving in right direction on GST, says Panagariya

Rediff.com7 Dec 2015

India moving in right direction on GST, says Panagariya.

FinMin declines to share Swiss bank accounts details

FinMin declines to share Swiss bank accounts details

Rediff.com23 Dec 2019

India is among 75 countries with which Switzerland's Federal Tax Administration has exchanged information on financial accounts within the framework of global standards on Automatic Exchange of Information.

Budget 2019: 'It was a fine balancing act'

Budget 2019: 'It was a fine balancing act'

Rediff.com8 Jul 2019

'If some measures are implemented quickly, they can help revive growth.'

Adani Green Energy to raise $1.8 bn from foreign banks

Adani Green Energy to raise $1.8 bn from foreign banks

Rediff.com12 Sep 2020

The company will raise $1.8 billion for the under construction and contracted portfolio of 12 GW, which includes the country's first manufacturing-linked solar power plant of 8 GW.

On Amit Shah's 'OROP' jibe, Omar's 'ODOMOS' reply

On Amit Shah's 'OROP' jibe, Omar's 'ODOMOS' reply

Rediff.com28 Jan 2019

Responding to Shagh, National Conference leader Omar Abdullah said the country was suffering from too much "ODOMOS- overdose of only Modi only Shah".

Plan Panel is scrapped, govt must now have a roadmap to reforms

Plan Panel is scrapped, govt must now have a roadmap to reforms

Rediff.com11 Nov 2014

The implementation of their recommendations means that an adequate apparatus to change this is at the disposal of the government.

Despite NC, PDP's boycott, Centre likely to go ahead with panchayat polls in JK

Despite NC, PDP's boycott, Centre likely to go ahead with panchayat polls in JK

Rediff.com12 Sep 2018

"Grassroots democracy must get precedence than any other considerations, including security," the functionary said.

In Amethi, Shah, Irani slam Rahul; accuse Sonia-led trust of land grab

In Amethi, Shah, Irani slam Rahul; accuse Sonia-led trust of land grab

Rediff.com10 Oct 2017

Shah said, "Rahul baba cannot see development as he sports Italian spectacles."

Women get 80% less bonuses than men in UK

Women get 80% less bonuses than men in UK

Rediff.com7 Sep 2009

Women working at some of the Britain's leading finance companies receive around 80 per cent less performance-related pay compared to their male colleagues, a report has said.

GoM on Telangana satisfied over work on division of state

GoM on Telangana satisfied over work on division of state

Rediff.com21 Mar 2014

The Telangana Group of Ministers on Friday reviewed the progress made by the Andhra Pradesh government with regards to the bifurcation of the state on various fronts.

Jump in small savings to burden govt

Jump in small savings to burden govt

Rediff.com22 Nov 2017

The Centre has to bear the maximum burden of borrowing NSSF loans to the tune of Rs 1 lakh crore.

Sumit Bose likely to head PFRDA

Sumit Bose likely to head PFRDA

Rediff.com3 Dec 2013

The term of the last chairman of the pension regulator, Yogesh Agarwal, was cut short by the finance ministry in November.