News for 'Finance Commission'

Curfew in Patiala after groups clash over anti-Khalistan march, 4 hurt

Curfew in Patiala after groups clash over anti-Khalistan march, 4 hurt

Rediff.com29 Apr 2022

The clash took place outside the Kali Mata temple when members of an outfit that calls itself "Shiv Sena (Bal Thackeray)" began a Khalistan Murdabad march.

How India can gradually reduce fiscal deficit

How India can gradually reduce fiscal deficit

Rediff.com23 Oct 2014

Being mandatory, these recommendations will have to be immediately built into the Budget for 2015-16.

Don't Underestimate Indian Voters!

Don't Underestimate Indian Voters!

Rediff.com17 Oct 2022

Voters can be relied on to punish a party which makes reckless promises without actually implementing them, asserts Virendra Kapoor.

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

Who will be PM Modi's choice for President?

Who will be PM Modi's choice for President?

Rediff.com9 Jun 2022

Political observers are keen to see if the BJP will now be guided by its more firmly entrenched ideological dominance in picking a face solidly identified with its core planks, or if it will choose a person tilted more to its electoral calculations. Or, whether its pick will be an ode to its core supporters or a outreach to relatively new groups of votaries.

Insurance: Rs 100 cr entry cap for new players may be removed

Insurance: Rs 100 cr entry cap for new players may be removed

Rediff.com8 Apr 2022

The insurance regulator wants the removal of the minimum entry capital requirement of Rs 100 crore for setting up an insurance business in a bid to facilitate the entry of multiple players such as standalone micro insurers and niche players. Debasish Panda, chairman, Insurance Regulatory and Development Authority of India (Irdai), said it should be left to the regulator instead to decide what should be the entry fee for interested players, depending on the size of the business and operations. According to the current norms, insurers are required to have a minimum paid-up capital of Rs 100 crore.

GST: Aadhaar verification to be mandatory for new dealers

GST: Aadhaar verification to be mandatory for new dealers

Rediff.com14 Sep 2019

GSTN said those who do not want to give their Aadhaar numbers would have to undergo physical verification.

Future Retail shuts Big Bazaar as RIL plans takeover

Future Retail shuts Big Bazaar as RIL plans takeover

Rediff.com28 Feb 2022

Future Retail has shut most of its Big Bazaar stores since February 25 (Friday) and its website is also down as it missed lease payments to Reliance Industries (RIL). RIL will open most of the 200 Future Retail stores as Reliance stores in the next week and it is in the process of taking stock, re-branding, and transferring 30,000 Future Retail and Future Lifestyle employees on to the rolls of its manpower and staffing firm Reliance SMSL, according to a source. The first tranche of stores are set to be opened as early as in the next two days.

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.

India's West-South vs North-East mismatch

India's West-South vs North-East mismatch

Rediff.com31 Jan 2019

'Persisting with the inequalities, indeed seeing them get worse, is no one's prescription for national unity,' notes T N Ninan.

'Modi government is receptive to creating consensus'

'Modi government is receptive to creating consensus'

Rediff.com6 Apr 2015

The Biju Janata Dal will not oppose the government simply for the sake of opposing it, BJD Member of Parliament Bhratruhari Mahtab tells Aditi Phadnis.

Piyush Goyal bats for team India

Piyush Goyal bats for team India

Rediff.com1 Sep 2018

'This country today is demonstrating to the world the true meaning of federalism, the true meaning of working in partnership between the central government and the state governments.'

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

Budget dilemma: Strict fiscal discipline or fund rural growth?

Budget dilemma: Strict fiscal discipline or fund rural growth?

Rediff.com20 Dec 2017

BJP's reversals in rural Gujarat has prompted many policy watchers to predict that the Budget would have incentives for the agriculture sector and the rural economy.

As fuel prices skyrocket, it's the Centre who earned the most

As fuel prices skyrocket, it's the Centre who earned the most

Rediff.com8 Jun 2018

The finance minister has labelled about 65 per cent of the fuel excise revenue as cess, including the restructured road and infrastructure cess

5 likely GST changes after 2019 polls

5 likely GST changes after 2019 polls

Rediff.com17 Jan 2019

After the 2019 election, one thing is sure: GST will see a number of changes, explains Indivjal Dhasmana.

Financial stability, waste management top Delhi municipality's agenda

Financial stability, waste management top Delhi municipality's agenda

Rediff.com23 May 2022

According to senior officials, nine additional commissioners have been allocated departments and office spaces at different floors of the Civic Centre, while three deputy commissioners were also appointed.

Mr PM, This Is What You Could Do For Banks

Mr PM, This Is What You Could Do For Banks

Rediff.com13 Dec 2021

Your promise to protect bankers for their commercial decisions is a huge confidence booster, but how does one define a commercial decision? Are our investigative agencies well equipped to dissect lending decisions of bankers?

GST timeline: Twists and turns along the way

GST timeline: Twists and turns along the way

Rediff.com4 Aug 2016

The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.

Former governor slams govt for meddling in RBI affairs

Former governor slams govt for meddling in RBI affairs

Rediff.com9 Feb 2019

'There is merit in keeping the central bank's balance sheet strong if the government's fiscal balance sheet is weak.'

Will General Munir Take On Imran Khan?

Will General Munir Take On Imran Khan?

Rediff.com24 Nov 2022

If General Asim Munir, Pakistan's new army chief, wants to help defuse the current polarised atmosphere and shepherd civilian politicians towards negotiations on an acceptable date for elections, he may need to distance himself from any perception of needless hostility to Imran Khan, explains Rana Banerji, who headed the Pakistan desk at RA&W, India's external intelligence agency.

Free COVID vaccine promise perfectly in order: Sitharaman

Free COVID vaccine promise perfectly in order: Sitharaman

Rediff.com24 Oct 2020

Speaking to reporters, Sitharaman, a senior BJP leader, said, "It is a manifesto announcement. A party can announce what it wants to do when it comes to power. That is exactly what is announced. Health is a state subject. It is perfectly in order."

Dear Nirmalaji: 'Everybody should be given a job'

Dear Nirmalaji: 'Everybody should be given a job'

Rediff.com13 Jan 2021

Dhrupadi Ghosh, who works for a magazine in Kolkata, tells Rediff.com's A Ganesh Nadar what she would like to see in Finance Minister Nirmala Sitharaman's Budget.

Taxpayers can file settlement claims till Sep 30

Taxpayers can file settlement claims till Sep 30

Rediff.com8 Sep 2021

The income tax (I-T) department on Tuesday extended the deadline for filing settlement applications for eligible taxpayers till September 30, as the income tax settlement commission (ITSC) ceased to exist from February 1. This comes amid interim relief provided by some high courts, directing acceptance of applications of settlement even after February 1. To dispose the pending settlement applications as on January 31, the central government has constituted Interim Board for Settlement.

Sensex rebounds; zooms 429 points at close

Sensex rebounds; zooms 429 points at close

Rediff.com19 Feb 2020

On the Sensex chart, Bajaj Finance, HUL, RIL, ONGC and HDFC emerged as the top gainers.

Pak continues to remain on FATF 'Grey List'

Pak continues to remain on FATF 'Grey List'

Rediff.com26 Feb 2021

The global agency said there are "serious deficiencies" on the part of the country in checking terror-financing and it lacks an effective system to deal with it.

403 infra projects have cost overruns of Rs 4 lakh crore

403 infra projects have cost overruns of Rs 4 lakh crore

Rediff.com26 Jul 2020

As many as 403 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns of over Rs 4.05 lakh crore owing to delays and other reasons, according to a report.

Air India takeover: Montek bats for the Tatas

Air India takeover: Montek bats for the Tatas

Rediff.com7 Oct 2021

No other corporate house in India is in a better position than Tata group for the takeover of debt-laden airline Air India, former deputy chairman of erstwhile Planning Commission Montek Singh Ahluwalia said on Thursday. Tata Sons has emerged as the top bidder for the takeover of the state-run airline but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah. "You can't have a better corporate, with a better position than the Tatas, we can hand it (state-run airline Air India) over," he said while replying to a question in a virtual event.

'We should pay more attention to China'

'We should pay more attention to China'

Rediff.com18 May 2022

'Our competitiveness with China is very important.' 'If the exchange rate depreciates, it is good for us because it helps in our competitiveness.'

UP bizman Peeyush Jain arrested; Rs 177 cr unaccounted cash found

UP bizman Peeyush Jain arrested; Rs 177 cr unaccounted cash found

Rediff.com27 Dec 2021

The finance ministry on Monday said the recent raid on perfume trader Peeyush Jain's house in Kanpur, from where more than Rs 177 cr unaccounted cash was unearthed, was the "biggest ever seizure of cash" by an enforcement agency. The December 26 raid, which resulted in Jain's arrest, included searches at Jain's residential/factory premises in Kannauj, where about Rs 17 crore in cash have been recovered, the ministry said in a release. Further searches are underway at Jain's residential/factory premises in Kannauj.

UK minister Rishi Sunak releases 5-pound Gandhi coin to mark Diwali

UK minister Rishi Sunak releases 5-pound Gandhi coin to mark Diwali

Rediff.com4 Nov 2021

Available in a range of standards, including gold and silver, the special collectors' coin is designed by Heena Glover and features an image of a lotus, India's national flower, alongside one of Gandhi's most famous quotes -- "My life is my message".

'The sooner we junk the rhetoric of freebies, the better'

'The sooner we junk the rhetoric of freebies, the better'

Rediff.com1 Sep 2022

'Welfare schemes are not a necessary evil, they are a necessary good.'

Bad loan recovery process can get worse

Bad loan recovery process can get worse

Rediff.com22 Sep 2022

Since the bankcuptcy law came into effect from December 2016, with every quarter, the recovery rate has progressively been going down, notes Tamal Bandyopadhyay.

BCCI keeping 'all options open' on RTI

BCCI keeping 'all options open' on RTI

Rediff.com25 Apr 2018

The Law Commission had said that the BCCI should be brought under the RTI Act, noting that it falls under the definition of a public authority which has received substantial financing from the government.

Of power, privatisation and politics

Of power, privatisation and politics

Rediff.com26 Aug 2021

As the Centre pushes reforms in the power sector, especially for the beleaguered electricity distribution segment, several states, especially those ruled by Opposition parties, are clamouring against it. Maharashtra, West Bengal, Tamil Nadu, and Kerela have voiced their reservations against the proposed amendments to the Electricity Act, 2003. The irony is the states opposing the amendments on the ground of threat of privatisation already have private partnerships in power supply. The proposed Bill was slated to be placed on the floor of Parliament in the Monsoon session. But it still awaits Cabinet approval amid several states complaining that they have been not consulted on the issue.

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".

Jharkhand suspends mining secretary Pooja Singhal arrested for MGNREGS scam

Jharkhand suspends mining secretary Pooja Singhal arrested for MGNREGS scam

Rediff.com12 May 2022

Jharkhand mining secretary Pooja Singhal, earlier arrested and remanded to the custody of the ED in a suspected money laundering case, was suspended by the Jharkhand government on Thursday, an official said.

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.

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.

YSR Congress gives notice for no-confidence motion against Modi sarkar

YSR Congress gives notice for no-confidence motion against Modi sarkar

Rediff.com15 Mar 2018

YSR Congress chief Jagan Mohan Reddy has written to leaders of various parties seeking their support for the motion.