News for 'Finance Commission'

GST: Centre plans 3-year compensation for states

GST: Centre plans 3-year compensation for states

Rediff.com13 Oct 2014

States' demand for 5 years and Constitutional provision ruled out

Mahatma Gandhi statue vandalised in US; India demands action

Mahatma Gandhi statue vandalised in US; India demands action

Rediff.com30 Jan 2021

The statue of Gandhi, which was donated by the Indian government to the city of Davis, was installed by the city council four years ago amidst protests from anti-Gandhi and anti-India organisations.

Sri Lanka: 'Political stability must be restored'

Sri Lanka: 'Political stability must be restored'

Rediff.com7 May 2022

'For the common man, the economic conditions are not going to get better.'

TN seeks special package of Rs 1K cr to address water crisis

TN seeks special package of Rs 1K cr to address water crisis

Rediff.com21 Jun 2019

The special package assistance would be used to augment irrigation structures in drought-prone areas to address the agrarian distress and drinking water crisis.

India slams Pak, OIC for raising Kashmir at UN Human Rights Council

India slams Pak, OIC for raising Kashmir at UN Human Rights Council

Rediff.com15 Sep 2021

India on Wednesday hit out at Pakistan and the OIC for raising the Kashmir issue at the UN Human Rights Commission and said the grouping has 'helplessly' allowed itself to be held 'hostage' by Islamabad.

JSW Group's Sajjan Jindal bets $4.5 bn of his wealth on Ambuja Cements

JSW Group's Sajjan Jindal bets $4.5 bn of his wealth on Ambuja Cements

Rediff.com11 May 2022

The chairman of the JSW Group of companies, Sajjan Jindal, whose stake in the group is valued at $14.5 billion (Rs 1.1 trillion), is betting $4.5 billion of his personal fortune in the firm's bid for Ambuja Cements. According to bankers, Jindal's contribution will be a combination of share sale and debts raised by pledging the stake of the target entities with private equities. The JSW Group chairman has offered $7 billion for Ambuja Cements, including $2.5 billion of investments from private equities, the Financial Times reported on Tuesday.

Narayanasamy declines to be CM if Cong wins Puducherry

Narayanasamy declines to be CM if Cong wins Puducherry

Rediff.com30 Mar 2021

He also alleged that the Bharatiya Janata Party wanted to create a Delhi-like situation in Puducherry and take power away from an elected government.

The curious case of $1-billion SBI loan to debt ridden-Sri Lanka

The curious case of $1-billion SBI loan to debt ridden-Sri Lanka

Rediff.com31 May 2022

The Ministry of External Affairs (MEA) on March 17 had announced that State Bank of India (SBI) would extend a term loan of $1 billion to Sri Lanka, fully guaranteed by the Indian government, and this was part of India's financial aid to the troubled island nation. Ministry of External Affairs (MEA) spokesperson Arindam Bagchi was quoted saying by news agency PTI that the loan would be used for importing food, medicines, and other essential items. "India has always stood with the people of Sri Lanka and we will continue to extend all possible support at this juncture.

Free vaccine promise doesn't violate poll code: EC

Free vaccine promise doesn't violate poll code: EC

Rediff.com31 Oct 2020

Responding to a complaint by Right to Information activist Saket Gokhale, the commission said it has found no violation of the provisions of the model code in the issue.

'V P Singh is needlessly maligned'

'V P Singh is needlessly maligned'

Rediff.com30 Dec 2021

'As his close associate Som Pal told me, "Mandal was never V P Singh's brainchild. It was a Janata Party commitment he inherited".' 'He would have done it anyway at some point, but the specific timing of his decision was dictated entirely by political exigency -- his government was threatened.' 'It also turned out to be a game changer in Indian politics.'

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.

Highlights of Union Budget 2021-22

Highlights of Union Budget 2021-22

Rediff.com1 Feb 2021

Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.

Singapore startup Zilingo sacks CEO Ankiti Bose after forensic audit

Singapore startup Zilingo sacks CEO Ankiti Bose after forensic audit

Rediff.com20 May 2022

Singapore-based fashion technology startup Zilingo on Friday said it has sacked Indian-origin co-founder and CEO Ankiti Bose following an independent forensic audit into complaints of serious financial irregularities. On March 31, Bose was placed under suspension following complaints of alleged discrepancies in the company accounts. "Following an investigation led by an independent forensics firm that was commissioned to look into complaints of serious financial irregularities, the company has decided to terminate Ankiti Bose's employment with cause, and reserves the right to pursue appropriate legal action," Zilingo said in a statement.

Does the economy need fiscal stimulus? Debate rages on

Does the economy need fiscal stimulus? Debate rages on

Rediff.com11 Jun 2019

The reform priorities are clear: enhance savings, improve productivity. Just 25 basis points of moving interest rate up or down would not boost investment: Former RBI Governor Y V Reddy.

Bhima Koregaon: Is Milind Ekbote Being Protected?

Bhima Koregaon: Is Milind Ekbote Being Protected?

Rediff.com3 Feb 2022

The former BJP corporator was named by a villager in a police complaint made three days before the January 1, 2018 violence at Bhima Koregaon. Yet, the police did not include his name in the FIR.

Will KCR's BRS Make Any Impact In National Politics?

Will KCR's BRS Make Any Impact In National Politics?

Rediff.com24 Oct 2022

Maharashtra is the BRS' first target.

Lokpal gets 4,244 complaints till Jan, over 80% jump from 2020-21

Lokpal gets 4,244 complaints till Jan, over 80% jump from 2020-21

Rediff.com3 Mar 2022

A total of 2,355 complaints (including format and non-format) were received through online/offline and email during 2020-21.

'Fighting coronavirus is a priority, so is giving timely salaries'

'Fighting coronavirus is a priority, so is giving timely salaries'

Rediff.com12 Apr 2020

'We will not compromise on it. We will not make any deferred payments or cuts.'

'We will become a good welfare State if...'

'We will become a good welfare State if...'

Rediff.com29 May 2020

'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'

Will Bengal give Didi a third term?

Will Bengal give Didi a third term?

Rediff.com10 Mar 2021

Will appeasement, rising unemployment and her dictatorial style become major obstacles in her path? asks Payal Singh Mohanka.

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.

'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.

FM allocates nearly Rs 40 crore for Lokpal

FM allocates nearly Rs 40 crore for Lokpal

Rediff.com1 Feb 2021

A total of Rs 39.67 crore has been allocated to the Lokpal for the next fiscal, according to Union Budget 2021-22 presented by Finance Minister Nirmala Sitharaman.

ED arrests Jharkhand mining secretary Pooja Singhal

ED arrests Jharkhand mining secretary Pooja Singhal

Rediff.com11 May 2022

Sources claimed that Singhal was "evasive" in her replies and hence was arrested.

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

'Rajapaksa didn't trust India, tilted towards China'

'Rajapaksa didn't trust India, tilted towards China'

Rediff.com15 Jul 2022

'A fragile Sri Lanka will have a serious impact on the security of India.'

Disastrous Decisions, Achievements: Pervez Musharraf's Mixed Legacy

Disastrous Decisions, Achievements: Pervez Musharraf's Mixed Legacy

Rediff.com6 Feb 2023

Learning perhaps from the Kargil debacle, Musharraf tried hard to evolve as a statesman in his dealings with India, recalls Rana Banerji, who headed the Pakistan desk at RA&W.

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.

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.'

449 infra projects show cost overruns worth Rs 4.29 lakh crore

449 infra projects show cost overruns worth Rs 4.29 lakh crore

Rediff.com21 Mar 2021

As many as 449 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.29 lakh crore, according to a report. The ministry of statistics and programme implementation monitors infrastructure projects worth Rs 150 crore and above. Of the 1,736 such projects, 449 reported cost overruns and 547 were delayed.

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.

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.

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

NC cries foul as Omar Abdullah is questioned by ED in J&K Bank case

NC cries foul as Omar Abdullah is questioned by ED in J&K Bank case

Rediff.com7 Apr 2022

The Enforcement Directorate questioned former Jammu and Kashmir chief minister Omar Abdullah for five hours on Thursday in connection with a case related to the purchase of a building by the J&K Bank about 12 years ago when he was in office, officials said in New Delhi.

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.

Unified MCD comes into existence, Gyanesh Bharti new commissioner

Unified MCD comes into existence, Gyanesh Bharti new commissioner

Rediff.com22 May 2022

With the special officer and the new commissioner taking charge, the exercise to reshuffle and reorganise the municipal staff will begin.

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.

Forex-starved Sri Lanka runs out of cash to buy fuel

Forex-starved Sri Lanka runs out of cash to buy fuel

Rediff.com21 Feb 2022

Sri Lankan government on Monday admitted that it has run out of cash to buy fuel as pumps in most filling stations across the country have run dry, exacerbating the deepening foreign-exchange crisis that has crippled the island nation's economy.

NEP Opens Doors For Foreign Universities

NEP Opens Doors For Foreign Universities

Rediff.com21 Jun 2022

'We are receiving a steady stream of interest from well-established foreign universities.'

Police dept failure: Ajit Pawar on protest outside Sharad Pawar's house

Police dept failure: Ajit Pawar on protest outside Sharad Pawar's house

Rediff.com9 Apr 2022

Over 100 workers of the MSRTC had staged the protest outside 'Silver Oak', Pawar's bungalow on Pedder Road in south Mumbai on Friday afternoon, catching the police unawares.