News for 'Finance Commission'

NRIs: Pop Nationalism To Identity Supremacy

NRIs: Pop Nationalism To Identity Supremacy

Rediff.com21 Oct 2023

Brand India's societal divisions and distortions have remained as much relevant in 'liberal' America and Europe as it still is in the structurally stratified Indian society of the 21st century, observes N Sathiya Moorthy.

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.

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.

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.

'Arif Mohammad Khan is crossing the limits now'

'Arif Mohammad Khan is crossing the limits now'

Rediff.com11 Nov 2022

'He will go to any extent, and he will have the full support of the Union government as they may not like a Left government to continue here.'

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.

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.

Excise case: Sisodia kingpin of conspiracy, CBI tells HC

Excise case: Sisodia kingpin of conspiracy, CBI tells HC

Rediff.com20 Apr 2023

The submissions were made by the CBI in a short written reply while opposing the senior Aam Aadmi Party leader's bail plea, which it said was devoid of any merit and was an attempt to misuse the intricacies of law to thwart the progress of investigation in the case.

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.

Karnataka sees 72% voter turnout; results on May 13

Karnataka sees 72% voter turnout; results on May 13

Rediff.com10 May 2023

Voting came to an end for the Karnataka assembly elections on Wednesday at 6 pm with data showing a voter turnout of 65.69 per cent an hour ago.

Vi's fundraising put on hold as govt delays equity call

Vi's fundraising put on hold as govt delays equity call

Rediff.com7 Dec 2022

Vodafone Idea's (Vi's) search for a lifeline has turned longer and tougher even as it continues to lose customers and delay vendor payments. Vi's much-needed Rs 1,600-crore fundraising plan got stuck due to the government's silence on picking up a proposed 33 per cent equity in the financially stressed telco. The development spells further trouble for the company, which has an overall debt pile of Rs 2.2 trillion, including hefty dues to the government.

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.'

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).

Sukhu restores old pension scheme, says will keep all poll promises

Sukhu restores old pension scheme, says will keep all poll promises

Rediff.com13 Jan 2023

There are over 1.36 lakh employees, including employees and pensioners under the new pension scheme.

Despite NCLT setback, analysts remain positive on Zee Entertainment

Despite NCLT setback, analysts remain positive on Zee Entertainment

Rediff.com3 Mar 2023

The National Company Law Tribunal's (NCLT's) declaration that Zee Entertainment is bankrupt adds a new measure of uncertainty to the proposed merger with Sony. Three entities -- Aditya Birla Finance, IndusInd Bank and YES Bank -- have filed appeals in the NCLT for recoveries of Rs 130 crore, Rs 90 crore and Rs 540 crore, respectively. The money was borrowed by a related party - Siti cable - and not returned. Zee was a corporate guarantor.

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.

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.

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.

How FYUP Will Benefit Undergrads

How FYUP Will Benefit Undergrads

Rediff.com26 Dec 2022

'If the FYUP is making the child employable, then we will have to ensure that learning on the job is integrated.' 'And also ensure that by the time they end FYUP they are completely employable.'

IL& FS case: ED grills NCP's Jayant Patil for over 9 hrs; Oppn cries vendetta

IL& FS case: ED grills NCP's Jayant Patil for over 9 hrs; Oppn cries vendetta

Rediff.com23 May 2023

Maharashtra Nationalist Congress Party (NCP) president Jayant Patil appeared before the Enforcement Directorate (ED) in Mumbai on Monday in a money laundering case linked to alleged financial irregularities in the now bankrupt financial services firm Infrastructure Leasing and Financial Services Limited (IL&FS), an official said.

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%.

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.

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.

'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?'

Congress releases first list of candidates for Rajasthan polls

Congress releases first list of candidates for Rajasthan polls

Rediff.com3 Nov 2013

Rajasthan Chief Minister Ashok Gehlot and some of his cabinet colleagues, including Shanti Dhariwal, figure in the list of 63 Congress candidates for the forthcoming assembly polls, announced by the All India Congress Committee.

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.

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.

'Public investment to be main fuel for India's growth'

'Public investment to be main fuel for India's growth'

Rediff.com22 Apr 2015

The report stated the 2013 land Act was a step forward.

What's the truth about the fiscal deficit?

What's the truth about the fiscal deficit?

Rediff.com15 Oct 2019

'Why do we make finance ministers go into contortions, to tell us that near 6% is 3.5%?' 'Why not encourage more open and full accounting so that the country knows the real picture,' asks T N Ninan.

We might have made some mistakes: Shah on migrants

We might have made some mistakes: Shah on migrants

Rediff.com8 Jun 2020

'We might have lacked somewhere but our commitment was absolute. We might have made mistakes and fallen short to some extent. We might not have done something but what did you do'

Promised GST revenue to states may get trimmed

Promised GST revenue to states may get trimmed

Rediff.com19 Dec 2019

If the protected growth in GST revenue is reduced to 10 per cent, the Centre would save more than Rs 25,000 crore in 2020-21 if none of the states show any revenue growth. This would nearly amount to 0.1 per cent of the gross fiscal deficit and help the government in avoiding fiscal slippage to some extent in subsequent years.

Delhi govt likely to extend Winter Session for Lokpal Bill

Delhi govt likely to extend Winter Session for Lokpal Bill

Rediff.com20 Nov 2015

The Delhi government is likely to extend the ongoing Winter Session to allow passage of the Jan Lokpal Bill which was cleared by the cabinet earlier this week.

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.

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.

Why AAP is finding it tough to finance power tariff reduction

Why AAP is finding it tough to finance power tariff reduction

Rediff.com7 Feb 2014

Despite their promised and announced reduction in power prices, the Arvind Kejriwal-led Delhi government may want keep the issue on the burner for sometime longer, since none of the concerned players are ready to give an inch, and seem raring for a fight, says Upasna Pandey

Economists tell Sitharaman to focus on reviving growth

Economists tell Sitharaman to focus on reviving growth

Rediff.com21 Dec 2019

At a pre-Budget meeting, the FM was asked to ensure that NBFCs come out of the liquidity crisis they are facing with the help of RBI. They also spoke about the futility of trying to achieve a 3 per cent fiscal deficit target over the medium term.

Sitharaman offers festive advance, cash for LTC, capex boost

Sitharaman offers festive advance, cash for LTC, capex boost

Rediff.com12 Oct 2020

The government on Monday announced a one-time Rs 10,000 interest-free festival advance to all its officers and employees as part of plans to increase consumer spending to spur demand in the economy.

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.

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.

Development: Why some states are better placed than others

Development: Why some states are better placed than others

Rediff.com20 Apr 2016

Bihar expects transfers from the Centre to grow 28 per cent in 2016-17.