News for 'Finance Commissions'

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.

Will Govt Cut PSBs Loose?

Will Govt Cut PSBs Loose?

Rediff.com28 Jul 2022

Merely bringing down the government stake below 51% may not find any taker for the PSBs. The government must bring down its holding to at least 26%, recommends Tamal Bandyopadhyay.

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.

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.

What does the future hold for NaBFID?

What does the future hold for NaBFID?

Rediff.com21 Dec 2021

This month, advertisements for managing directors and the senior management team for the National Bank for Financing Infrastructure and Development or NaBFID, should be out, signalling the start of a financial institution (FI) like no other the country has ever had. For this and other reasons government managers associated with the NaBFID project are convinced it should remain a 100 per cent government-owned entity. This is somewhat different from what former economic affairs secretary Tarun Bajaj said when the NaBFID Bill was being tabled in Parliament earlier this year: "To begin with, it will be 100 per cent government owned.

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.

Does Modi have an Economic Road Map?

Does Modi have an Economic Road Map?

Rediff.com17 Sep 2021

Pragmatism and flexibility is a virtue. An untethered and short-term approach to policymaking is a flaw, argues Mihir S Sharma.

Contemporary epicentre of terrorism very much active, Jaishankar tells UNSC

Contemporary epicentre of terrorism very much active, Jaishankar tells UNSC

Rediff.com15 Dec 2022

Jaishankar, who presided over the UNSC Briefing: Global Counterterrorism Approach: Challenges and Way Forward, described terrorism as an existential threat to international peace and security and said it knows no borders, nationality, or race.

'Soon, Uddhavji will only be left with darbaris'

'Soon, Uddhavji will only be left with darbaris'

Rediff.com28 Jul 2022

'Very soon you will hear the news of two more MLAs from Uddhavji's side joining our camp.' 'And once the Supreme Court verdict comes out, there will be a waterfall.'

All J-K parties to meet delimitation panel, except PDP

All J-K parties to meet delimitation panel, except PDP

Rediff.com6 Jul 2021

The PDP led by former chief minister Mehbooba Mufti has decided to stay away from the delimitation process, saying the body lacks 'constitutional and legal mandate' and is part of the overall process of political disempowerment of people of Jammu and Kashmir.

UPSC takes 31 pvt sector experts as jt secretaries

UPSC takes 31 pvt sector experts as jt secretaries

Rediff.com8 Oct 2021

Minister of state for personnel Jitendra Singh said it is a major step to place the right talent for the right role.

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.

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'

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.

Maha says no move to privatise power firms, employees call off strike

Maha says no move to privatise power firms, employees call off strike

Rediff.com4 Jan 2023

Maharashtra deputy Chief Minister Devendra Fadnavis, who also holds the energy portfolio, held a meeting with trade union representatives and later said the government had no intention to privatise state-run power utilities.

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.

Challenges before NITI Aayog's Suman Bery

Challenges before NITI Aayog's Suman Bery

Rediff.com14 Jun 2022

The most immediate challenge for growth is the disruption of the global economy brought about by the Ukraine war and related sanctions, the Covid shutdowns in China and the rising tide of inflation, points out Nitin Desai.

Rampur bypolls: BJP woos Pasmanda Muslims to capture Azam Khan's fortress

Rampur bypolls: BJP woos Pasmanda Muslims to capture Azam Khan's fortress

Rediff.com29 Nov 2022

According to poll observers, there are about 3.88 lakh voters in Rampur assembly constituency and of them, about 2.27 lakh, about 60 per cent, are Muslims.

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.

Russia admits to 'significant' troop losses in Ukraine war

Russia admits to 'significant' troop losses in Ukraine war

Rediff.com8 Apr 2022

Kremlin spokesman Dmitry Peskov briefly admitted that Russia had suffered a 'significant' loss of its troops in Ukraine, calling the casualties 'a huge tragedy' for the country in an interview with Sky News.

Uddhav meets Modi over Maratha quota, cyclone aid

Uddhav meets Modi over Maratha quota, cyclone aid

Rediff.com9 Jun 2021

Maharashtra Chief Minister Uddhav Thackeray met Prime Minister Narendra Modi on Tuesday and discussed issues related to the Maratha reservation, pending GST compensation and the proposed Metro car shed in Kanjur.

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.

Why Short-Sellers Like Hindenburg Matter

Why Short-Sellers Like Hindenburg Matter

Rediff.com8 Feb 2023

Strange souls see a research report on an Indian conglomerate as part of a vast conspiracy to Keep India Down. There is only one possible response to this: Grow up. Nobody in the West cares enough about India or Adani to put all the effort into creating a giant conspiracy that links together BBC documentaries and short-sellers, points out Mihir S Sharma.

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.

LG-Kejriwal tussle refuses to die down despite one-hour meeting

LG-Kejriwal tussle refuses to die down despite one-hour meeting

Rediff.com14 Jan 2023

Kejriwal alleged that for the last few months, the interference of the lieutenant governor in the elected government's working has increased day by day.

A Serendipitous Civil Service Career

A Serendipitous Civil Service Career

Rediff.com22 Dec 2022

Every twist and turn in KMC's civil service career is attributed to serendipity, an aptitude for making desirable discoveries by accident. He plays down his capabilities, which took him to the top of the civil service as the Cabinet Secretary or his misfortune in losing a daughter in her prime and suggests that his career was indeed serendipitous, observes Ambassador T P Sreenivasan.

Pak will remain on its terror 'grey list': FATF

Pak will remain on its terror 'grey list': FATF

Rediff.com22 Oct 2021

Pakistan will remain on the 'grey list' of the Financial Action Task Force (FATF) until it further demonstrates that action is being taken against Jamaat-ud-Dawah chief Hafiz Saeed and Jaish-e-Mohammed founder Masood Azhar who are listed as global terrorists by the United Nations, the global anti-money laundering and terror financing watchdog said on Thursday.

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%.

It's BJP vs regional parties in Thursday's bypolls in 6 states

It's BJP vs regional parties in Thursday's bypolls in 6 states

Rediff.com2 Nov 2022

Voting will be held on Thursday in bypolls to seven assembly seats in six states -- a contest symbolic of the fierce turf war between the Bharatiya Janata Party and regional parties.

Is the world's richest man buying Manchester United?

Is the world's richest man buying Manchester United?

Rediff.com17 Aug 2022

Manchester United is one of the most famous names in world soccer but is currently in crisis

Govt enhances PLI scheme for domestic solar cells

Govt enhances PLI scheme for domestic solar cells

Rediff.com1 Feb 2022

Finance Minister Nirmala Sitharaman on Tuesday proposed enhancing the funding under the PLI scheme for domestic solar cells and module manufacturing to Rs 24,000 crore from the existing Rs 4,500 crore to make India an exporting nation. "For facilitating domestic manufacturing for the ambitious goal of 280GW of installed solar capacity by 2030, an additional allocation of Rs 19,500 crore for PLI scheme for manufacturing of high efficiency (solar) modules with priority of fully integrate manufacturing units for polysilicon to solar PV modules will be made," Sitharaman said in her Budget speech in the Lok Sabha. In April 2021, the Union Cabinet approved a Rs 4,500 crore production linked incentive (PLI) scheme to boost domestic manufacturing capacity of solar PV modules.

Rs 3,726 cr allocated for 1st ever digital census: FM

Rs 3,726 cr allocated for 1st ever digital census: FM

Rediff.com1 Feb 2021

Sitharaman also said the government is also working on a national language translation initiative.

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.

Gotabaya quits, new Lanka Prez within 7 days: Speaker

Gotabaya quits, new Lanka Prez within 7 days: Speaker

Rediff.com15 Jul 2022

The 73-year-old leader on Thursday emailed his resignation letter to the Speaker soon after he was allowed by Singapore to enter the city-state on a "private visit".

PM announces Rs 1,000 cr for cyclone relief in Odisha, Bengal, Jharkhand

PM announces Rs 1,000 cr for cyclone relief in Odisha, Bengal, Jharkhand

Rediff.com28 May 2021

Prime Minister Narendra Modi on Friday reviewed the post-cyclone situation and damages caused by Cyclone Yaas in the state at a meeting in Bhubaneswar where Odisha government demanded long term solutions to mitigate problems of repeated cyclones and provision of disaster resilient power systems.

DHFL shares may get delisted post acquisition by Piramal

DHFL shares may get delisted post acquisition by Piramal

Rediff.com7 Jun 2021

Debt-ridden mortgage firm DHFL's shares would be delisted from stock exchanges post acquisition by Piramal Capital and Housing Finance, which has emerged as the successful bidder for the company. As part of resolution process under the Insolvency and Bankruptcy Code (IBC), lenders led by Union Bank of India in January this year favoured the bid by Piramal Capital and Housing Finance to take over the beleaguered housing finance firm. According to sources, shares of DHFL would be delisted post acquisition as per the IBC guidelines and Sebi delisting norms.

Nirmalaji must wield the whip. Often

Nirmalaji must wield the whip. Often

Rediff.com18 Feb 2021

'Let us hope that this Budget delivers.' 'It needs 10 per cent plus real GDP growth in 2021-22, the rebound year,' notes Omkar Goswami.

'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.

Freebies: Nothing Called A Free Lunch

Freebies: Nothing Called A Free Lunch

Rediff.com28 Oct 2022

To help the country emerge as a true welfare State, political parties must put the country's interests first before strategising to win elections and short-term goals, argues Ramesh Menon.

Bhima Koregaon: Outcome of a 'Larger Conspiracy'?

Bhima Koregaon: Outcome of a 'Larger Conspiracy'?

Rediff.com5 Oct 2021

Testimony presented before the Bhima Korgaon Commission over the last two months reveals the background to the violence that broke out on January 1, 2018.