News for 'Finance Commissions'

Cooperation must for regional security: Modi at Central Asia summit

Cooperation must for regional security: Modi at Central Asia summit

Rediff.com27 Jan 2022

India and five Central Asian countries on Thursday decided to establish a joint working group on Afghanistan at the senior officials' level, ministry of external affairs secretary (West) Reenat Sandhu said.

Lokpal gets Rs 74 crore budget, nominal increase for CVC

Lokpal gets Rs 74 crore budget, nominal increase for CVC

Rediff.com1 Feb 2020

The CVC has been allocated Rs 39 crore for 2020-21, up from the revised Rs 36.65 crore for the ongoing fiscal.

'A strong, decisive leadership is what India needs'

'A strong, decisive leadership is what India needs'

Rediff.com18 Jan 2021

'What matters is meeting the needs and expectations of the people who have voted to provide governance for the country.'

Jaitley raps UPA government on quality of fiscal management

Jaitley raps UPA government on quality of fiscal management

Rediff.com20 Mar 2015

The finance minister said the economy had been slowing.

60% voting till 5 pm in second phase of UP polls

60% voting till 5 pm in second phase of UP polls

Rediff.com14 Feb 2022

Polling across 55 assembly constituencies assembly in nine districts got off to sluggish start at 7 am due to the cold and fog at several places.

INS Vikrant : 12 years late, 13 times the cost

INS Vikrant : 12 years late, 13 times the cost

Rediff.com21 Aug 2021

The MiG29K and MiG29KUB, the aircraft carrier's primary fighters, spent more time in the hangar than in the air, with fleet serviceability remaining below 50 per cent, reports Ajai Shukla.

'BJP's free vaccine promise can't be legally faulted'

'BJP's free vaccine promise can't be legally faulted'

Rediff.com23 Oct 2020

'Legally, anything can be promised in the manifestos. However, the SC has said the promises should not be unreasonable'

Mauritius' plans to exit 'grey list' hits COVID roadblock

Mauritius' plans to exit 'grey list' hits COVID roadblock

Rediff.com19 Jun 2020

The country was, in February, put on the list of jurisdictions that require increased monitoring. These are done to counter money-laundering, terrorist financing, and proliferation financing in a more efficient manner.

EC seeks report over Thakur's 'goli maaro' comment

EC seeks report over Thakur's 'goli maaro' comment

Rediff.com28 Jan 2020

On Monday, Thakur egged on participants of an election rally to raise an incendiary slogan that 'traitors should be shot', after he lashed out at anti-Citizenship Amendment Act protesters.

Pakistan unlikely to exit FATF's grey list: Report

Pakistan unlikely to exit FATF's grey list: Report

Rediff.com21 Oct 2020

The Paris-based global watchdog for curbing terror financing and money laundering will hold its virtual plenary session from October 21 to 23. It will review Pakistan's progress on the 27-point action plan.

4 CMs urge PM to end tussle between Delhi L-G, AAP govt

4 CMs urge PM to end tussle between Delhi L-G, AAP govt

Rediff.com17 Jun 2018

On the sidelines of the NITI Aayog governing council meeting, CMs of West Bengal, Andhra Pradesh, Karnataka and Kerala met PM Modi.

GoM on Telangana satisfied over work on division of state

GoM on Telangana satisfied over work on division of state

Rediff.com21 Mar 2014

The Telangana Group of Ministers on Friday reviewed the progress made by the Andhra Pradesh government with regards to the bifurcation of the state on various fronts.

A something-for-everyone Budget or an epoch-making one a la 1991?

A something-for-everyone Budget or an epoch-making one a la 1991?

Rediff.com26 Feb 2015

The Budget shouldn't be stuck on fiscal numbers, the PMO apparently said.

Pak continues to remain in FATF 'Grey List' over LeT, JeM funding

Pak continues to remain in FATF 'Grey List' over LeT, JeM funding

Rediff.com25 Jun 2020

"The FATF plenary decided continuation of Pakistan in 'Grey List' till its next meeting to be held in October," an official privy to the development told PTI.

Ashok Lavasa named as new ADB vice-president

Ashok Lavasa named as new ADB vice-president

Rediff.com15 Jul 2020

Lavasa, a career bureaucrat, joined as Election Commissioner on January 23, 2018, and being senior most on the poll panel would have become CEC in April next year after the term of incumbent Sunil Arora ends.

Sumit Bose likely to head PFRDA

Sumit Bose likely to head PFRDA

Rediff.com3 Dec 2013

The term of the last chairman of the pension regulator, Yogesh Agarwal, was cut short by the finance ministry in November.

Meet the officer who assisted PM in hoisting the flag

Meet the officer who assisted PM in hoisting the flag

Rediff.com15 Aug 2020

Major Shweta Pandey was commissioned in the Army in March 2012 from the Officers Training Academy, Chennai.

Will govt's new initiatives bring a bonanza for the states?

Will govt's new initiatives bring a bonanza for the states?

Rediff.com15 Apr 2015

The centre's promise of a new deal for the states is a welcome development.

'RBI's regulatory failure created IL&FS mess'

'RBI's regulatory failure created IL&FS mess'

Rediff.com29 Nov 2018

In a soon to be published book, 'Of Counsel: The Challenges of the Modi-Jaitley Economy,' former chief economic advisor Arvind Subramanian says though RBI has a good reputation, it does not mean it's always right, as for years, the RBI was unable to grasp the seriousness of the loan repayment problems or identify the prolonged frauds of Nirav Modi and the likes.

Budget proposes major boost for infra sector

Budget proposes major boost for infra sector

Rediff.com1 Feb 2021

Expressing commitment to augment the country's infrastructure, Finance Minister Nirmala Sitharaman on Monday proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetizing assets to achieve the goals of the National Infrastructure Pipeline (NIP). Sitharaman said NIP, that was launched in December 2019 with 6,835 projects, has now been expanded to 7,400 projects and around 217 projects worth Rs 1.10 lakh crore under some key infrastructure ministries have been completed. "For 2021-22, I propose a sharp increase in capital expenditure and thus have provided Rs 5.54 lakh crores which is 34.5% more than the BE of 2020-21," the finance minister said.

What was Pratip Chaudhuri's crime?

What was Pratip Chaudhuri's crime?

Rediff.com23 Nov 2021

The account turned bad before Chaudhari took over as SBI chairman and the asset was sold to AARC following an open bidding process, months after Chaudhari retired, explains Tamal Bandyopadhyay.

6 policy measures to kick-start India's prime infra projects

6 policy measures to kick-start India's prime infra projects

Rediff.com10 Mar 2015

Modi govt must bring about reforms to kick-start big-ticket infra projects.

India-focused funds may soon get fast approval from Mauritius

India-focused funds may soon get fast approval from Mauritius

Rediff.com7 Oct 2020

Market observers also said the approvals depended a lot on the funds themselves, and the extent to which they followed the new norms introduced last year.

Country lost an outstanding parliamentarian: Cabinet on Pranab

Country lost an outstanding parliamentarian: Cabinet on Pranab

Rediff.com1 Sep 2020

The Union Cabinet, headed by Prime Minister Narendra Modi, also observed silence for two minutes in the memory of Mukherjee.

Murthy-Amazon tax dispute draws in son-in-law Sunak

Murthy-Amazon tax dispute draws in son-in-law Sunak

Rediff.com14 Jun 2021

"Reaching an international agreement on how large digital companies are taxed has been a priority for the chancellor since he took office," said a spokesperson for his UK treasury office. "The chancellor's consistent position has been that it matters where tax is paid, and any agreement must ensure digital businesses pay tax in the UK that reflects their economic activities. That is what our taxpayers would expect and is the right thing," the spokesperson said.

Will Budget 2021-22 go beyond 'bahi-khata'?

Will Budget 2021-22 go beyond 'bahi-khata'?

Rediff.com31 Jan 2021

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.

Why Are Bankers SMILING At Last?

Why Are Bankers SMILING At Last?

Rediff.com8 Oct 2021

Finance Minister Nirmala Sitharaman's Rs 30,600 crore government guarantee for the bad bank has changed the body language of bankers for the better, observes Tamal Bandyopadhyay.

Explained! Why a single GST rate is the best option

Explained! Why a single GST rate is the best option

Rediff.com28 Jan 2017

It was better to first build a single-rate GST with a low rate, achieve full mastery of this, and then consider more complex possibilities such as high rates and multiple rates.

Is Pawar, not Uddhav, Running Maharashtra?

Is Pawar, not Uddhav, Running Maharashtra?

Rediff.com9 May 2022

The perception is rapidly gaining ground that though the chief minister is from the Shiv Sena, the government is being run by the NCP.

The Dust Of Development

The Dust Of Development

Rediff.com1 Jan 2022

So, what's the problem if our present is screwed up when the future promises to be profitable? It's an Indian habit, notes Shyam G Menon.

'The Constitution has to change ... states need more freedom'

'The Constitution has to change ... states need more freedom'

Rediff.com8 Apr 2014

'Though federal, the Constitution is unitary in nature. All matters relating to revenue are centralised. It is necessary that matters related to finance have to be decentralised... States need more freedom in designing schemes with their interest in mind. There has to be a Constitutional amendment to give more powers to the states. A special session of Parliament should amend the Constitution, especially the 7th Schedule,' Kerala Finance Minister K M Mani tells Rediff.com's Shobha Warrier.

Armed with populist Budget, govt stares at restricted fiscal room

Armed with populist Budget, govt stares at restricted fiscal room

Rediff.com24 Jan 2017

Government looking at cushioning slowdown due to demonetisation with sops and higher outlay for micro, small and medium enterprises, agriculture, and affordable housing.

UN chief says will take COVID-19 vaccine publicly, calls it his 'moral obligation'

UN chief says will take COVID-19 vaccine publicly, calls it his 'moral obligation'

Rediff.com10 Dec 2020

Guterres reiterated his call for a COVID-19 vaccine to be a global public good available to everywhere and particularly, available in Africa.

NSE in firefighting mode to minimise reputational harm after Sebi's order

NSE in firefighting mode to minimise reputational harm after Sebi's order

Rediff.com28 Feb 2022

The National Stock Exchange (NSE) has got into firefighting mode to control the reputational damage caused by the Securities and Exchange Board of India's (Sebi's) order against its former managing director and chief executive officer Chitra Ramkrishna and others. According to sources, the exchange's management over the past one week has met several key stakeholders, including officials in the finance ministry and Sebi, major shareholders, and trading members, trying to distance itself from the controversy. The exchange plans to hold more meetings in the coming week to ensure that trading volumes and confidence in the bourse don't get impacted, they added.

Why RBI said no to NBFCs with funds from Mauritius

Why RBI said no to NBFCs with funds from Mauritius

Rediff.com29 May 2020

The RBI is of the view that it cannot carry out satisfactory due diligence for granting registration because the funding is from a jurisdiction that has been identified by FATF as having weak measures to combat money laundering and terrorist financing.

Gadkari launches cow dung soap, bamboo water bottles

Gadkari launches cow dung soap, bamboo water bottles

Rediff.com1 Oct 2019

The bamboo water bottle is priced at Rs 560 and the soap variant of 125 grams costs Rs 125 each.

'Arrest Chitra, find others involved in NSE scam'

'Arrest Chitra, find others involved in NSE scam'

Rediff.com22 Feb 2022

'This issue is related to national security because they were compromising the entire capital markets's core infrastructure by leaking confidential information.' 'What would have happened if the servers had come down?' 'Or some confidential information leaked to terrorists who could have knocked out our capital market?'

Will AIBA's suspension be lifted before Olympics?

Will AIBA's suspension be lifted before Olympics?

Rediff.com25 Mar 2020

The International Olympic Committee (IOC) last year suspended AIBA, the International Boxing Association, over issues surrounding its finances and governance and took over the boxing competition and qualification for the 2020 Olympics.

Why Has RBI Scrapped Polymer Currency Notes Idea?

Why Has RBI Scrapped Polymer Currency Notes Idea?

Rediff.com9 Mar 2022

The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.

Why Jaitley feels all subsidies must be rationalised

Why Jaitley feels all subsidies must be rationalised

Rediff.com19 Jan 2015

The government's subsidy bill towards oil, fertilisers runs into lakhs of crores of rupees.