News for 'Finance Commission'

India To Go For Small Modular Reactors

India To Go For Small Modular Reactors

Rediff.com1 Nov 2024

The Indian government has come out with a nice name for its tried and tested 220MW pressurised heavy water reactor -- Bharat Small Reactor.

'God Save Insurance Industry'

'God Save Insurance Industry'

Rediff.com9 Dec 2024

'Some of the astounding proposals, if translated into statutory provisions, would be suicidal.' 'This would not be a wonder cure for increasing insurance penetration and only result in mushrooming growth of players like paan kiosks with deleterious consequences.'

Electoral bonds: Who is lottery king Santiago Martin?

Electoral bonds: Who is lottery king Santiago Martin?

Rediff.com15 Mar 2024

Future Gaming and Hotel Services whose director is the lottery magnate Santiago Martin is the top purchaser of electoral bonds having purchased bonds worth Rs 1,368, according to data uploaded by the Election Commission of India on its website on Thursday.

Bypolls: Voting picks up amid stone pelting in UP

Bypolls: Voting picks up amid stone pelting in UP

Rediff.com20 Nov 2024

An average voter turnout of 20 per cent was recorded in the first four hours of voting in the bypolls to 15 assembly seats spread across Uttar Pradesh, Punjab, Kerala and Uttarakhand on Wednesday amid an incident of stone pelting in a village in UP's Meerapur and allegations of police personnel deterring voters from casting their ballot.

'Democracy is at risk, its pillars are getting weakened'

'Democracy is at risk, its pillars are getting weakened'

Rediff.com30 Oct 2023

'I wonder how people who come to power through democratic means turn out this way.' 'But people of India are strong, and those who think they can hoodwink people, are mistaken.' 'You can fool some people for some time, but not all people, all the time.'

'Modi Was Not A Factor In Maharashtra'

'Modi Was Not A Factor In Maharashtra'

Rediff.com28 Nov 2024

'Money power was deployed like an army in a war.' 'None of the MVA parties had that kind of money.'

Khelif ensures Algeria boxing medal amid gender row

Khelif ensures Algeria boxing medal amid gender row

Rediff.com3 Aug 2024

Imane Khelif beat Hungary's Luca Anna Hamori by unanimous decision in a welterweight quarter-final fight at the Paris Games on Saturday to ensure Algeria's first Olympic boxing medal since 2000.

Sensex rides on bluechip stocks; rises 585 points

Sensex rides on bluechip stocks; rises 585 points

Rediff.com8 Oct 2024

From the Sensex pack, Adani Ports & Special Economic Zones, Mahindra & Mahindra, Reliance Industries, HDFC Bank, Larsen & Toubro, NTPC, State Bank of India, UltraTech Cement and Kotak Mahindra Bank were the major gainers. In contrast, Tata Steel, Titan, Bajaj Finserv, JSW Steel, Bajaj Finance, Hindustan Unilever, ITC, Tata Motors and Tata Consultancy Services were among the laggards.

Sitharaman to ensure 'Ease of Living' during Modi 3.0

Sitharaman to ensure 'Ease of Living' during Modi 3.0

Rediff.com12 Jun 2024

Nirmala Sitharaman on Wednesday assumed charge as the Finance and Corporate Affairs Minister for the second consecutive term and is slated to soon present the final Budget for FY '25 that is going to set the tone for the Modi 3.0 government's priorities and direction for Viksit Bharat. Upon her reaching the North Block office, Sitharaman was greeted by Finance Secretary T V Somanathan and other top officials. Minister of State for Finance Pankaj Chaudhary was also present. Chaudhary assumed charge on Tuesday evening.

Ajit Pawar skips visit to RSS founder's memorial

Ajit Pawar skips visit to RSS founder's memorial

Rediff.com31 Aug 2024

Nationalist Congress Party leader and Maharashtra Deputy Chief Minister Ajit Pawar on Saturday didn't join his cabinet colleagues Devendra Fadnavis and Chief Minister Eknath Shinde in visiting the Nagpur-based memorial of the Rashtriya Swayamsevak Sangh founder.

SC summons CS, fin secretaries of 16 states over pay report non-compliance

SC summons CS, fin secretaries of 16 states over pay report non-compliance

Rediff.com11 Jul 2024

Though seven opportunities have been granted to the states, it appears that full compliance has not been affected and several states are in default, it said.

'Errant Policemen Must Be Punished'

'Errant Policemen Must Be Punished'

Rediff.com13 Aug 2024

'This government is not in the hands of M K Stalin but in the hands of the bureaucracy -- the IAS and IPS.'

A Tale Of Two Modi Decisions

A Tale Of Two Modi Decisions

Rediff.com11 Sep 2024

Why did the political system in the country react to these two decisions of the Modi government in a diametrically opposite manner? asks A K Bhattacharya.

Lanka crisis: Gotabaya forms panel to manage finances

Lanka crisis: Gotabaya forms panel to manage finances

Rediff.com7 Apr 2022

The Sri Lankan government has appointed an advisory committee comprising eminent economic and fiscal experts to provide guidance on addressing the current debt crisis and engaging with the International Monetary Fund (IMF) and other lenders as the country struggles to combat the unprecedented shortage of foreign reserves.

Government to use Finance Bill for leeway in spending

Government to use Finance Bill for leeway in spending

Rediff.com3 Feb 2018

This move will enable it to incur higher-than-mandated borrowing, and possibly spending, till the 2024 Lok Sabha election cycle.

What's Modi Up To?

What's Modi Up To?

Rediff.com24 Apr 2024

No government in the past initiated the process of policy making for its next tenure even before going in for elections. Once the Model Code of Conduct is enforced by the Election Commission, should the government of the day refrain from taking an active interest in policy making for the next five years and let that be the function of the new government?, asks A K Bhattacharya.

The Worrying Decline Of PSU Capex

The Worrying Decline Of PSU Capex

Rediff.com23 Feb 2023

The government must expedite its plan for asset sale and privatisation, both of which hardly got any mention in the Budget speech, points out A K Bhattacharya.

RBI warns of more fiscal slippages for states

RBI warns of more fiscal slippages for states

Rediff.com8 May 2019

Ahead of the general elections, a slew of states and also the Centre had doled out sops to the marginalised sections, including the farmers and the poor.

'Kamala Has A Very Strong Connect With India'

'Kamala Has A Very Strong Connect With India'

Rediff.com6 Nov 2024

'This victory would mean a huge inspiration for the next generation who can say that coming from India I can be anybody I want to be if I work hard and acquire the right skills.' 'They could be the next President, members of the Senate, or another Sundar Pichai.'

SC likely to set up a body to look into 'serious issue' of freebies

SC likely to set up a body to look into 'serious issue' of freebies

Rediff.com3 Aug 2022

The Supreme Court on Wednesday asked stakeholders like the Centre, Niti Aayog, Finance Commission and the Reserve Bank of India, to brainstorm on the 'serious' issue of freebies announced during elections and put forth 'constructive suggestions' to tackle it, saying no political party will oppose such handouts or like to debate it in Parliament.

RSS and its affiliates seek I-T cut, robot tax launch in upcoming Budget

RSS and its affiliates seek I-T cut, robot tax launch in upcoming Budget

Rediff.com30 Jun 2024

An increase in the farmer income support scheme PM Kisan Nidhi, the introduction of a 'robot tax' to fund reskilling of people who lose their jobs to artificial intelligence (AI), and a reduced income-tax (I-T) to bring relief to the middle classes - these are some of the items in the Budget wish list submitted by Sangh Parivar affiliates to Finance Minister (FM) Nirmala Sitharaman. Representatives of the affiliates of the Rashtriya Swayamsevak Sangh (RSS), such as the farmer organisation Bharatiya Kisan Sangh (BKS); trade union Bharatiya Mazdoor Sangh (BMS); Laghu Udyog Bharati, which works for micro and small industries; and Swadeshi Jagran Manch (SJM), which works on economic and policy issues, met the FM and other officials over the last couple of weeks as part of the pre-Budget consultations.

EC seizes record Rs 4,650 cr ahead of Lok Sabha polls

EC seizes record Rs 4,650 cr ahead of Lok Sabha polls

Rediff.com15 Apr 2024

The commission said enforcement authorities have seized Rs 4,650 crore even before polling begins for the Lok Sabha elections and it is the "higher than total seizures" made in the 2019 polls

Which is Better? FDs Or Debt MFs?

Which is Better? FDs Or Debt MFs?

Rediff.com5 Sep 2024

Feature for feature, bank FDs are indeed better than debt funds today, mainly thanks to Ms Sitharaman, notes Debashis Basu.

Indians Dominate TIME 100 AI Titans List

Indians Dominate TIME 100 AI Titans List

Rediff.com23 Sep 2024

The TIME 100 AI list is an interesting assortment of titans. Indians make up about 20 per cent of the coveted list, which is pretty commendable, notes Sandeep Goyal.

Shocking! How a govt treats a commission of inquiry

Shocking! How a govt treats a commission of inquiry

Rediff.com1 Feb 2020

'The circumstances indicate that the government is not serious about the commission...' '...We are not at the mercy of the government.'

CBI books second-biggest poll bond buyer Megha in Rs 315-cr graft case

CBI books second-biggest poll bond buyer Megha in Rs 315-cr graft case

Rediff.com13 Apr 2024

Megha Engineering had emerged as the second-biggest buyer of electoral bonds and donated the highest amount of about Rs 586 crore to the Bharatiya Janata Party, according to the data released by the Election Commission on March 21.

Unlike other UTs, Jammu & Kashmir to get funds from Centre's divisible pool

Unlike other UTs, Jammu & Kashmir to get funds from Centre's divisible pool

Rediff.com7 Aug 2019

Sources in the Fifteenth Finance Commission said that they will implement the provisions after the bill is enacted and the President makes a reference to it.

Old Tax Regime May Soon Be History

Old Tax Regime May Soon Be History

Rediff.com24 Jul 2024

There are a number of steps taken that will leave more money in the hands of the taxpayers.
These include the reduction in tax rates under the new tax regime, increase in standard deduction, allowing tax collected at source to be adjusted against tax deducted at source from salaries, notes Harsh Roongta.

Shah, Adhir, Azad on 8-member simultaneous poll panel led by ex-Prez Kovind

Shah, Adhir, Azad on 8-member simultaneous poll panel led by ex-Prez Kovind

Rediff.com2 Sep 2023

Law Minister Arjun Ram Meghwal will attend the meetings of the committee as a special invitee, while legal affairs secretary Niten Chandra will be secretary to the panel.

Budget: Nirmalaji's Chance To Revisit Fiscal Math

Budget: Nirmalaji's Chance To Revisit Fiscal Math

Rediff.com19 Jul 2024

Whether she will pare the fiscal deficit target of 5.1 per cent of GDP, using the record dividend received from the RBI, or expand flagship government programmes will be keenly watched.

BJP suffers huge setback in UP, Cong-SP win more seats

BJP suffers huge setback in UP, Cong-SP win more seats

Rediff.com5 Jun 2024

The Indian National Developmental Inclusive Alliance (INDIA) gave a huge blow to the ruling Bharatiya Janata Party-led National Democratic Alliance by winning 43 seats out of total 80 Lok Sabha seats of Uttar Pradesh, as per the Election Commission.

Got fake govt e-notice? Here's what to do

Got fake govt e-notice? Here's what to do

Rediff.com14 Jul 2024

Users should be aware of "fake emails" sent in the garb of a government e-notice, said the Indian Cyber Crime Coordination Centre (I4C) in a public advertisement.

Poll code first imposed in Kerala in1960, here is its history

Poll code first imposed in Kerala in1960, here is its history

Rediff.com15 Mar 2024

According to the Election Commission of India, the code has evolved over the last 60 years to assume its present form.

EXPLAINED: What is an electoral bond?

EXPLAINED: What is an electoral bond?

Rediff.com15 Feb 2024

No limit exists on the number of electoral bonds that a person (including corporate entities) can purchase.

Budget: Time To Bet On Big Ideas

Budget: Time To Bet On Big Ideas

Rediff.com16 Jul 2024

The generation of quality jobs and skill development should be the focal point, cutting across ministries and departments, asserts Nivedita Mookerji.

RBI's 90 Year Journey

RBI's 90 Year Journey

Rediff.com10 Apr 2024

Sir Osborne Smith was the first governor of the Reserve Bank, serving from April 1, 1935, to June 30, 1937.

Noted economist BPR Vithal passes away

Noted economist BPR Vithal passes away

Rediff.com19 Jun 2020

Vithal, a 1950-batch IAS officer, died early on Friday morning due to old age ailments, his son Sanjay Baru, media advisor to former prime minister Manmohan Singh, told PTI.

Govt to borrow about Rs 12 lakh cr in FY22: FM

Govt to borrow about Rs 12 lakh cr in FY22: FM

Rediff.com1 Feb 2021

Sitharaman also said states will get 41 per cent share of taxes as per the 15th Finance Commission recommendation and the government has accepted the recommendation.

BJP MLA Fights BJP Government On Corruption

BJP MLA Fights BJP Government On Corruption

Rediff.com14 Oct 2024

'I gave enough evidence and proof to punish corrupt officials.' 'But my own government has not filed any FIR against such officials.'

Investment Commission gets nod

Investment Commission gets nod

Rediff.com27 Oct 2004

The government on Wednesday cleared the setting up of an Investment Commission to woo foreign as well as domestic investors for major projects in the country.