News for 'Finance Commission'

States keen on linking central grants with reforms

States keen on linking central grants with reforms

Rediff.com19 Jul 2019

The high-level panel also asked the government to work towards re-orienting subsidies in a targeted manner from the crop sector to the non-crop sector and redesign the electronic National Agriculture Market.

Top-level bureaucratic reshuffle at Centre, Pant named new health secretary

Top-level bureaucratic reshuffle at Centre, Pant named new health secretary

Rediff.com14 Jun 2023

Pant, a 1991-batch Indian Administrative Service officer of Rajasthan cadre, is currently secretary in the ministry of ports, shipping and waterways.

5 things that differentiate NITI Aayog from Planning Commission

5 things that differentiate NITI Aayog from Planning Commission

Rediff.com7 Jan 2015

State governments are expected to play a more significant role

Three-judge bench to hear pleas against pre-poll freebies 'in entirety': SC

Three-judge bench to hear pleas against pre-poll freebies 'in entirety': SC

Rediff.com1 Nov 2022

A bench comprising Chief Justice Uday Umesh Lalit and Justice Bela M Trivedi said it was sitting in a combination of two and according to a reference order on the matter, it should go before a bench of three judges for disposal.

How the note purge affects India's states

How the note purge affects India's states

Rediff.com20 Dec 2016

The ripples from November 8 may be seen in next year's state budgets.

For panchayats, financial freedom is a distant dream

For panchayats, financial freedom is a distant dream

Rediff.com10 Jun 2016

The Finance Commission has substantially increased the allocation of funds to panchayats, but a large part of it is apportioned by state governments.

28% GST on online gaming, casinos, horse race clubs get Cabinet nod

28% GST on online gaming, casinos, horse race clubs get Cabinet nod

Rediff.com9 Aug 2023

The Union Cabinet on Wednesday approved changes to GST laws to levy a 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs, sources said. The amendments to the Central GST (CGST) and Integrated GST (IGST) acts, which were approved by the GST Council last week, are likely to be introduced in the ongoing monsoon session of Parliament, which will end on August 11. The GST Council in its 51st meeting on August 2 recommended amendments to the Schedule III of the CGST Act, 2017, to provide clarity on the taxation of supplies in casinos, horse racing and online gaming.

Election 2024: The Big Fights In Kerala

Election 2024: The Big Fights In Kerala

Rediff.com1 Apr 2024

Kerala's election discourse operates surreptitiously. Its explicit face focuses on important national and local issues. At the same time, it seeks to secure apt communal equations to ensure votes, notes Shyam G Menon.

Nawaz Sharif invites rival parties to form joint govt in Pakistan

Nawaz Sharif invites rival parties to form joint govt in Pakistan

Rediff.com9 Feb 2024

Sharif, the three-time former premier, said that there is a need for all the political parties to sit together and form a government to pull Pakistan out of its difficulties.

GST rate likely to be over 12%: FinMin

GST rate likely to be over 12%: FinMin

Rediff.com4 Mar 2010

The Finance Commission (task force) had recommended an overall GST rate of 12 per cent 'but it is likely to be higher than that', revenue secretary Sunil Mitra said at a Confederation of Indian Industry seminar in New Delhi.

Reliance Power commissions world's largest solar project

Reliance Power commissions world's largest solar project

Rediff.com12 Nov 2014

The project is the largest investment undertaken by any private sector entity in CSP in India.

A 10-Point Wishlist For Modi's Third Term

A 10-Point Wishlist For Modi's Third Term

Rediff.com14 Mar 2024

If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.

Justice Mathur to head 7th Central Pay Commission

Justice Mathur to head 7th Central Pay Commission

Rediff.com4 Feb 2014

Prime Minister Manmohan Singh has approved composition of the 7th Pay Commission, which will revise the salaries of over 50 lakh Central government employees.

3 Things To Note About The Budget

3 Things To Note About The Budget

Rediff.com16 Feb 2022

Budget for 2022-2023 has returned to its agenda for protectionism in the name of creating a self-reliant India, points out A K Bhattacharya.

Election Commission awards EVM contracts to ECIL, BEL

Election Commission awards EVM contracts to ECIL, BEL

Rediff.com6 Mar 2014

The Election Commission has placed orders estimated at more than Rs 300 crore with Electronics Corporation of India Ltd and Bharat Electronics Ltd to deliver Electronic Voting Machines for the Lok Sabha elections.

'Despite Covid we don't care about health'

'Despite Covid we don't care about health'

Rediff.com7 Feb 2024

'The first duty of the government is to learn lessons from a bad experience and course correct. It's a pity that the government is making policy without looking at evidence and differentiating between immediate and urgent.'

Swachch Bharat? Indian villagers still ignore water, sanitation, streetlights

Swachch Bharat? Indian villagers still ignore water, sanitation, streetlights

Rediff.com25 Jun 2015

Money allocated for rural India has increased, but expenditure of panchayats is not adequate and inconsistent

Aadhaar likely to be linked to GST registration

Aadhaar likely to be linked to GST registration

Rediff.com20 Sep 2019

The GST Council also decided that a committee of officers will be constituted to examine the simplification of forms for annual return and reconciliation statement.

2 members of National Statistical Commission quit over jobs data report

2 members of National Statistical Commission quit over jobs data report

Rediff.com30 Jan 2019

With the two members quitting, the NSC now has only two members -- Chief Statistician Pravin Srivastava and NITI Aayog CEO Amitabh Kant.

States demand more money from Centre ahead of Budget

States demand more money from Centre ahead of Budget

Rediff.com7 Feb 2016

We should work in unison to boost growth: FM

Mamata pins hope on Modi govt for debt repayment problem

Mamata pins hope on Modi govt for debt repayment problem

Rediff.com26 May 2014

Denied of any relief from the UPA-II government, West Bengal Chief Minister Mamata Banerjee on Monday pinned her hopes on the new BJP government at the Centre for a positive response on the state's huge debt repayment problem.

Budget 2021: No evidence of an economic strategy

Budget 2021: No evidence of an economic strategy

Rediff.com15 Feb 2021

There are several welcome standalone reforms, but these do not add up to a coherent strategy to achieve a $5 trillion economy or secure Aatmanirbharta, observes Rathin Roy.

'The story of inflation is not yet over'

'The story of inflation is not yet over'

Rediff.com6 Jun 2023

'The actions of Indian monetary authorities will depend on how quickly they want the inflation to come down to 4 per cent.'

Nepal forms five-member panel to probe plane crash

Nepal forms five-member panel to probe plane crash

Rediff.com15 Jan 2023

The announcement came as Prime Minister Pushpa Kamal Dahal 'Prachanda' called an emergency meeting of the council of ministers following the crash.

Govt to slash agents' commission in small savings plans

Govt to slash agents' commission in small savings plans

Rediff.com6 Dec 2012

Now, the commission will be between zero per cent to 0.5 per cent.

Centre expands talent pool, to induct 17 private sector experts

Centre expands talent pool, to induct 17 private sector experts

Rediff.com30 May 2023

This is the fourth such recruitment drive proposed to be undertaken by the Narendra Modi government which had in 2018 initiated lateral entry.

7th Pay Commission for central govt staff announced

7th Pay Commission for central govt staff announced

Rediff.com25 Sep 2013

The setting up of the Commission, whose recommendations will benefit about 50 lakh (5 million) central government employees, including those in defence and railways, and about 30 lakh (3 million) pensioners, comes ahead of the Assembly elections in 5 states in November and the general elections next year.

FATF condemns Pulwama attack; says Pak failed to curb terror finance

FATF condemns Pulwama attack; says Pak failed to curb terror finance

Rediff.com22 Feb 2019

The Paris-headquartered FATF said Pakistan should continue to work on implementing its action plan to address its strategic deficiencies

Independents backed by Imran's party take lead in Pak poll

Independents backed by Imran's party take lead in Pak poll

Rediff.com9 Feb 2024

Jailed ex-Pakistan premier Imran Khan's party-backed independent candidates on Friday sprang a surprise by winning 86 seats out of the 201 results declared following unusual delays and allegations of rigging, as the country appeared heading towards a hung assembly.

Buyer Liable To Pay EMI To Builder

Buyer Liable To Pay EMI To Builder

Rediff.com6 Feb 2023

A National Commission order held that the buyer was the borrower and so the bank was entitled to demand the EMI payments from him.

Delhi court convicts 4 IM operatives for nationwide terror attack plot

Delhi court convicts 4 IM operatives for nationwide terror attack plot

Rediff.com11 Jul 2023

The judge will hear arguments on the quantum of punishment on July 12 and the convicts can get a maximum sentence of life imprisonment for the offences.

Why the new pay panel spells doom for India's finances

Why the new pay panel spells doom for India's finances

Rediff.com26 Sep 2013

Central pay commissions in the past have usually been set up after every 10 years and the 10-year period of the current sixth central pay commission would be over by 2015.

EC tells SC it can't be part of panel on freebies

EC tells SC it can't be part of panel on freebies

Rediff.com11 Aug 2022

The poll panel also referred to the reported strong oral observations of the top court against it during the last hearing on the PIL on the issue, saying they have "caused irreparable damage to the reputation of this institution built over the years".

Should Centre share tax collection pie with states?

Should Centre share tax collection pie with states?

Rediff.com26 Jul 2018

'All of us have believed in decentralisation. You may not like property taxation, neither do I. My solution is that the Centre does the tax collection, but we can give a matching grant instead of redistribution,' says the outgoing CEA, Arvind Subramanian.

SC relaxes norms for appointing consumer court presidents, members

SC relaxes norms for appointing consumer court presidents, members

Rediff.com4 Mar 2023

The Supreme Court on Friday said lawyers and professionals with 10 years of experience will be eligible for appointment as president and member of the state consumer commission and district forums.

FM slipped on Service Tax issue: Chidambaram

FM slipped on Service Tax issue: Chidambaram

Rediff.com19 Jul 2016

He was commenting on a reply given by Jaitley to a question in Rajya Sabha.

India's biggest media company is born. $10 bn Zee-Sony merger gets NCLT nod

India's biggest media company is born. $10 bn Zee-Sony merger gets NCLT nod

Rediff.com10 Aug 2023

The National Company Law Tribunal (NCLT) on Thursday allowed the merger of Zee Entertainment Enterprises Ltd and Culver Max Entertainment (earlier known as Sony Pictures Networks India). This order by the Mumbai bench, headed by H V Subba Rao and Madhu Sinha, will pave the way for the creation of a $10-billion media company, the biggest in the country. The tribunal also dismissed all objections regarding the merger.

Why We Need Professional Investment Advisors

Why We Need Professional Investment Advisors

Rediff.com30 Dec 2022

When we are unwell, we consult a doctor, take a prescription, and then buy medicines from a chemist. In finance, too, it is best to keep investment advice and product purchase separate, suggests Bindisha Sarang.

Manmohan vs Modi Debate: India Is The Loser

Manmohan vs Modi Debate: India Is The Loser

Rediff.com19 Feb 2024

False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.