News for 'Finance Commission'

EC acts over EVM complaints, 3 UP officials removed from poll duty

EC acts over EVM complaints, 3 UP officials removed from poll duty

Rediff.com9 Mar 2022

The nodal officer for EVMs in Varanasi, a returning officer (RO) in Sonbhadra district and an additional election officer in Bareilly district have been pulled out from election duties, a day ahead of the counting of votes in UP.

Shaktikanta Das named new RBI Governor

Shaktikanta Das named new RBI Governor

Rediff.com11 Dec 2018

He will be the first bureaucrat to head the central bank in almost five years.

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.

Five-Year Plans officially declared dead from FY17

Five-Year Plans officially declared dead from FY17

Rediff.com24 Sep 2016

The Niti Aayog is preparing 15-year vision document that will replace the Five-Year Plan from the next financial year

Why is Roshan Mahanama Serving Tea?

Why is Roshan Mahanama Serving Tea?

Rediff.com20 Jun 2022

'We need to look after each other during these difficult times.'

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.

Plan panel, IMF warn over rising deficit

Plan panel, IMF warn over rising deficit

Rediff.com16 Jan 2004

International Monetary Fund on Friday warned the Centre of high fiscal deficit that could come in the way of sustaining high growth in the economy, which clocked 8.4 per cent rise in the second quarter of 2003-04.

ECI Ruling: What Are Uddhav's Political Options?

ECI Ruling: What Are Uddhav's Political Options?

Rediff.com23 Feb 2023

Uddhav Thackeray and his followers have the option to stop riding a tiger and commence work around a more meaningful and enduring political ideology. It is an option Eknath Shinde's side may not have, supported as they were by the BJP, to maintain continuity of the old Sena, argues Shyam G Menon.

States may get non-tax revenue pie

States may get non-tax revenue pie

Rediff.com27 Nov 2003

Cartelisation is going to be a challenge: Sitharaman

Cartelisation is going to be a challenge: Sitharaman

Rediff.com20 May 2022

Finance Minister Nirmala Sitharaman on Friday flagged concerns about possible cartelisation in markets and stressed on the need to look into the causes of short supply of commodities. Speaking at the 13th annual day function of the Competition Commission of India (CCI), the minister also said that the regulator needs to have a "proactive understanding" of mergers and acquisitions. "Cartelisation is going to be a challenge...," the minister said.

Panel warns govt to rein in fiscal deficit

Panel warns govt to rein in fiscal deficit

Rediff.com29 Sep 2003

The Twelfth Finance Commission on Monday warned that rising fiscal deficit of the Centre and the states at over 10 per cent of GDP in 2002-03 may have an "adverse" impact on debt, developmental expenditure and growth.\n\n\n\n

When IAS Officers Get Married...

When IAS Officers Get Married...

Rediff.com26 Apr 2022

Tina Dabi, who topped the 2016 Union Public Service Commission exam, married fellow IAS officer Dr Pradeep Gawande in Jaipur last week.

How I fixed the J&K Budget

How I fixed the J&K Budget

Rediff.com14 Jun 2003

Accusations against Gadling prima facie true, says HC, denies bail

Accusations against Gadling prima facie true, says HC, denies bail

Rediff.com31 Jan 2023

The Nagpur bench of the Bombay high court on Tuesday refused bail to advocate Surendra Gadling in connection with a 2016 Surjagarh iron ore mine arson case, noting that prima facie the accusations against him are true.

What's Greenwashing?

What's Greenwashing?

Rediff.com21 Apr 2023

Greenwashing is making misleading or false environment-friendly claims about a product. Consumers in India currently do not have any way of telling whether a claim is authentic or greenwashing. And one never hears of action against any company for making false claims of being environment-friendly.

HDFC Bank to acquire 4.99% stake in HDFC ERGO

HDFC Bank to acquire 4.99% stake in HDFC ERGO

Rediff.com25 Oct 2021

Fair trade regulator CCI on Monday approved HDFC Bank's acquisition of 4.99 per cent shareholding in HDFC ERGO General Insurance Company. In June, HDFC Bank had said its board has given approval to buy more than 3.55 crore shares in group firm HDFC ERGO General Insurance Company for over Rs 1,906 crore from the parent company Housing Development Finance Corporation (HDFC).

The growing tussle between the govt and CAG

The growing tussle between the govt and CAG

Rediff.com22 May 2022

In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.

3% fiscal deficit a challenge, admits Jaitley

3% fiscal deficit a challenge, admits Jaitley

Rediff.com24 Apr 2015

The 3 per cent target would now to reached a year later.

'BJP was not fighting Congress or JD-S, but the very idea of Karnataka'

'BJP was not fighting Congress or JD-S, but the very idea of Karnataka'

Rediff.com16 May 2023

'By design or default, the BJP's election strategy militated against the very essence of Karnataka politics and the idea of Karnataka.'

Price of piped water to all households = Rs 5 trillion

Price of piped water to all households = Rs 5 trillion

Rediff.com5 Aug 2019

The current estimate, however, largely covers only the cost of infrastructure such as pipes, construction of borewells, overhead costs among others and not the expenditure to be incurred on operation and maintenance.

Shah rules out tie-up with TRS, says will contest Telangana polls alone

Shah rules out tie-up with TRS, says will contest Telangana polls alone

Rediff.com15 Sep 2018

On the proposed Grand Alliance of the Congress and other parties in the state, Shah said the Telugu people had not forgotten how the Congress had treated their leaders like former (undivided) Andhra Pradesh chief minister Anjaiah and former prime minister P V Narasimha Rao.

AMU's Governance Structure Is Democratic, Not Divine

AMU's Governance Structure Is Democratic, Not Divine

Rediff.com18 Mar 2023

These self-appointed well-wishers of AMU are basically for the control or police model of university governance. They have no faith whatsoever in the democratic functioning of the universities, observes Faizan Mustafa, former dean, Faculty of Law, and Registrar, Aligarh Muslim University.

'Political situation in Punjab has been somewhat volatile'

'Political situation in Punjab has been somewhat volatile'

Rediff.com26 Apr 2023

'The politics that is now being played in Punjab doesn't contribute towards peace and tranquillity.'

From North Block to Mint Street, Shaktikanta Das has traversed a long way

From North Block to Mint Street, Shaktikanta Das has traversed a long way

Rediff.com11 Dec 2018

From defending the shock announcement of demonetisation to spearheading the remonetisation drive that included the cumbersome process of printing and supplying new Rs 500 and Rs 2,000 notes, his calm composure brought a sense of serenity to an otherwise chaotic situation.

4 ways Nirmalaji's Budget is different

4 ways Nirmalaji's Budget is different

Rediff.com6 Mar 2021

But it is disappointing to note that Sitharaman's third Union Budget continues to promote a few problematic ideas, observes A K Bhattacharya.

'Bengal has a lot to learn from Gujarat'

'Bengal has a lot to learn from Gujarat'

Rediff.com30 Mar 2021

'Look at the number of billionaires, the number of new billionaires in India.' 'Adani and Ambani are not the only ones.' 'What's wrong with people making money as long as it benefits us?'

'Narasimha Rao was a prime minister with an open mind'

'Narasimha Rao was a prime minister with an open mind'

Rediff.com2 May 2023

'Narasimha Rao asked me why China was doing so well in attracting foreign investments and I gave my frank opinion.' 'I told him that giving thrust to exports had to be a national effort.' 'But in India, the system was very centralised in the Government of India and the state governments had no role to play.'

A tight rope walk for Suresh Prabhu to balance finance with aspirations

A tight rope walk for Suresh Prabhu to balance finance with aspirations

Rediff.com24 Feb 2016

Railway Minister Suresh Prabhu faces a stiff dilemma on whether to raise fares and freight rates in his second Rail Budget.

Congress Challenge: Keep Siddaramaiah, Shivakumar Happy

Congress Challenge: Keep Siddaramaiah, Shivakumar Happy

Rediff.com18 May 2023

There are lessons for the Congress to learn from the Karnataka elections of how burying the hatchet among top leaders and not washing dirty linen in public can help, says Ramesh Menon.

Why Indian Railways' finances are in a mess

Why Indian Railways' finances are in a mess

Rediff.com27 Apr 2012

Seeking more funds, Railway Minister Mukul Roy requested Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee to provide additional allocation to meet the rising demands of the Railways to achieve efficiency and provide more safety.

Digital Competition Law Worries Big Tech

Digital Competition Law Worries Big Tech

Rediff.com18 Jan 2023

'The message is not clear whether we are wanted.' 'All this could adversely impact our strategy in India and also investments.'

11 crypto bourses evaded Rs 81.54-crore GST

11 crypto bourses evaded Rs 81.54-crore GST

Rediff.com29 Mar 2022

The Centre has recovered around Rs 95.86 crore from at least 11 crypto exchanges for evading goods and services tax (GST), according to data released by Parliament on Monday. The amount includes interest and penalty. The GST investigation department has detected a total tax evasion of Rs 81.54 crore by crypto exchanges that include WazirX, Coin DCX, CoinSwitch Kuber, Buy Ucoin, UnoCoin and Flitpay, among other exchanges. In a written reply to Lok Sabha, minister of state (MoS) for finance Pankaj Chaudhary said 11 cases of GST evasion by cryptocurrency exchanges have been detected by central GST formations.

Congress's Adhir's 'Rashtrapatni' remark sparks uproar in Parl

Congress's Adhir's 'Rashtrapatni' remark sparks uproar in Parl

Rediff.com28 Jul 2022

Congress leader Adhir Ranjan Chowdhury's 'rashtrapatni' remark snowballed into a major political row on Thursday with the Bharatiya Janata Party accusing the opposition party of insulting President Droupadi Murmu and demanding that Congress chief Sonia Gandhi should apologise to the nation.

'Shivakumar is yet to grow as mass leader'

'Shivakumar is yet to grow as mass leader'

Rediff.com16 May 2023

'The BJP's defining character is Hindutva. The party's political strategy is based on a combination of Hindutva+Development.'

SC to hear electoral bonds, FCRA, bringing parties under RTI pleas separately

SC to hear electoral bonds, FCRA, bringing parties under RTI pleas separately

Rediff.com31 Jan 2023

A bench comprising Chief Justice of India DY Chandrachud and Justice PS Narasimha said the petitions raise three separate issues and hence, the need to hear them separately.

Sitharaman to meet heads of PSBs next week

Sitharaman to meet heads of PSBs next week

Rediff.com9 Nov 2021

Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) next week to review performance of the lenders and progress made by them to support the economy battered by the COVID-19 pandemic. Banks would be urged to sanction loans for productive sectors to accelerate revival of the economy, sources said. According to sources, the two-day meeting would commence on November 17 and undertake a comprehensive review of various segments, progress in government schemes including Aatmanirbhar Bharat Abhiyan.

DA hike to 31% effective from July 1: FinMin

DA hike to 31% effective from July 1: FinMin

Rediff.com26 Oct 2021

Dearness Allowance for central government employees has been hiked to 31 per cent of the basic pay from 28 per cent with effect from July 1, 2021, the Finance Ministry said. In an office memorandum, the Department of Expenditure, under the Finance Ministry, said the term 'basic pay' means the pay drawn as per the 7th pay commission matrix and does not include any other type of pay like special pay, etc. "....the Dearness Allowance payable to central government employees shall be enhanced from the existing rate of 28 per cent to 31 per cent of the basic pay with effect from July 1, 2021," said the office memorandum dated October 25.

India's Approaching Democratic Crisis

India's Approaching Democratic Crisis

Rediff.com22 Nov 2021

India will either have to create a system in which certain geographical areas will wind up being permanent political outsiders at the Union level or it will have to create a system in which certain votes are weighted more heavily than others, observes Mihir S Sharma.

BJP fields Metro man in Kerala, Union min, 3 MPs in Bengal

BJP fields Metro man in Kerala, Union min, 3 MPs in Bengal

Rediff.com14 Mar 2021

Actor-turned-politician and sitting MP Locket Chatterjee has been fielded from Chunchura and another MP Nishit Parmanik from Dinhata. Also, a number of film personalities have been nominated as candidates in the high-stakes battle for West Bengal.

Budget not excellent but just above average

Budget not excellent but just above average

Rediff.com12 Mar 2015

This Budget plans for an increase to 10.3% of GDP from 9.9%.