News for 'Finance Committee'

'My God, The Number Of Meetings We Had On GST!'

'My God, The Number Of Meetings We Had On GST!'

Rediff.com22 Sep 2025

'It was like rigorously preparing for a solid, good exam...' 'I don't know what marks I will get, but I felt the rigorous preparation of an exam.' 'You may sweat, but I feel rejuvenated.'

Can This Man Improve India-US Relations?

Can This Man Improve India-US Relations?

Rediff.com2 Sep 2025

The fact that Gor has President Trump's ear makes him an extremely valuable commodity for India -- he represents both a challenge and an opportunity, points out Aditi Phadnis.

Jio Finance likely to delay its maiden bond issue of Rs 3,000 crore

Jio Finance likely to delay its maiden bond issue of Rs 3,000 crore

Rediff.com28 Mar 2025

Jio Finance, a wholly owned subsidiary of Jio Financial Services, is likely to delay its maiden bond issue of Rs 3,000 crore, originally scheduled for this month. The decision comes amid expectations of softening yields in April because the Reserve Bank of India's (RBI's) monetary policy committee (MPC) is widely expected to cut the policy repo rate by another 25 basis points, sources said.

New I-T rules to be notified by Dec-end

New I-T rules to be notified by Dec-end

Rediff.com25 Aug 2025

The Income Tax department is working on simplified I-T forms and aims to notify new rules by December-end to give effect to the new I-T Act, which will come into force from April 1 next year, a senior tax official said on Monday.

'Nothing Will Affect Taxpayers' Benefits'

'Nothing Will Affect Taxpayers' Benefits'

Rediff.com11 Aug 2025

'There is no retrospective changing of the law, only its simplification.'

Why Bhaichung Bhutia is opposed to AIFF's MRA move

Why Bhaichung Bhutia is opposed to AIFF's MRA move

Rediff.com7 Apr 2025

The All India Football Federation decided to form an eight-member task force to look into the Master Rights Agreement (MRA) negotiations with its commercial partner Football Sports Development Ltd

I-T Bill Restores Tax Benefits For Religious Trusts

I-T Bill Restores Tax Benefits For Religious Trusts

Rediff.com12 Aug 2025

'If a charitable or religious trust sells a capital asset -- such as land, buildings, shares -- and makes a capital gain, it can avoid paying tax on that gain if it reinvests the proceeds in another capital asset for its charitable purposes.'

Jay Shah to head ICC's Finance and Commercials Affairs committee

Jay Shah to head ICC's Finance and Commercials Affairs committee

Rediff.com12 Nov 2022

Shah will have the responsibility of heading ICC's most important committee. Al the major financial policy decisions are taken by the F&CA committee before it is ratified by the ICC board

GST 2.0 Needs Deeper Reforms

GST 2.0 Needs Deeper Reforms

Rediff.com22 Sep 2025

Since items in the 12% category account for only about 5% of total GST, the additional boost to consumption may not be significant, points out M Govinda Rao.

BFI vs IOA: Why Indian boxing is in turmoil

BFI vs IOA: Why Indian boxing is in turmoil

Rediff.com25 Feb 2025

Abuse of power, financial misconduct, and the never-ending turf wars are now coming to light as Boxing Federation of India's officials jostle to escape blame for the shocking turn of events.

285 Tweaks Proposed to Income Tax Bill

285 Tweaks Proposed to Income Tax Bill

Rediff.com17 Jul 2025

'The government, if it deems fit, will incorporate the changes in the Bill, take approval from the Cabinet before moving the bill for consideration and passage in the Lok Sabha.'

CBI books Anil Ambani's RCOM for Rs 2,000-cr bank fraud

CBI books Anil Ambani's RCOM for Rs 2,000-cr bank fraud

Rediff.com23 Aug 2025

The Central Bureau of Investigation has filed a case against Reliance Communications and its promoter-director Anil Ambani, for an alleged bank fraud that caused a loss of over Rs 2,000 crore to State Bank of India, officials said on Saturday. The agency is carrying out searches at the residence of Anil Ambani and premises linked to RCOM in connection with the case, they said.

'Irreparable Harm If Govt Takes Over Waqf Properties'

'Irreparable Harm If Govt Takes Over Waqf Properties'

Rediff.com7 Oct 2025

'Only because of the absence of a dedication record in writing, how can such properties be treated as located on misappropriated government land?'

GST 2.0: India's Answer To Trump's Tariffs

GST 2.0: India's Answer To Trump's Tariffs

Rediff.com4 Sep 2025

Simplifying GST rates, removing exemptions, easing disputes, and speeding up refunds can boost investment in India and offer the best reply to Trump's tariffs, observes V S Krishnan, former member, Central Board of Indirect Taxes and Customs.

'This Shock May Trigger Suicides'

'This Shock May Trigger Suicides'

Rediff.com25 Sep 2025

'Marathwada is the suicide capital of Maharashtra.' 'To stop such man-made disasters, the government should immediately come up with a rightful package, not this charitable approach to compensation.'

Inside The Tata Trusts Showdown: A House Divided

Inside The Tata Trusts Showdown: A House Divided

Rediff.com9 Oct 2025

A quiet but consequential power struggle has erupted within the storied 156-year-old Tata Trusts just a year after the death of group patriarch Ratan Tata on October 9, 2024.

Will Vijay's Next Film Rescue His Political Career?

Will Vijay's Next Film Rescue His Political Career?

Rediff.com6 Oct 2025

'Karur could still impact Jana Nayagan's box-office success if Vijay and the TVK do not get their act together,' points out N Sathiya Moorthy.

Finance Secretary TV Somanathan is new Cabinet Secy

Finance Secretary TV Somanathan is new Cabinet Secy

Rediff.com10 Aug 2024

He will succeed incumbent Rajiv Gauba, who completes his unprecedented five-year term in the top bureaucratic post this month-end.

Bank of India tags RCom, Anil Ambani as frauds

Bank of India tags RCom, Anil Ambani as frauds

Rediff.com24 Aug 2025

After the State Bank of India, Bank of India has classified the loan account of insolvent Reliance Communications as fraudulent and named its former director, tycoon Anil Ambani, citing alleged fund diversion in 2016, according to a regulatory filing. State-owned Bank of India granted a Rs 700 crore loan in August 2016 to Reliance Communications for its ongoing capital and operational expenditure and repayment of existing liabilities.

ATMs to loans: All eyes on the road for finance world

ATMs to loans: All eyes on the road for finance world

Rediff.com6 Jan 2025

In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.

'Longstanding demand met,' Patel on Sports Bill

'Longstanding demand met,' Patel on Sports Bill

Rediff.com13 Aug 2025

Patel emphasised that one of the most important features of the bill is the establishment of a dedicated tribunal for resolving disputes, reducing the burden on the judiciary and ensuring quicker justice.

What You Need To Know About New I-T Bill

What You Need To Know About New I-T Bill

Rediff.com26 Aug 2025

'The new Bill introduces no policy or rate changes, leaving financial planning strategies largely unaffected.'
'The considerations for choosing between the old and new tax regimes remain essentially unchanged.'

IOA treasurer Sahdev accuses P T Usha of 'spreading lies'

IOA treasurer Sahdev accuses P T Usha of 'spreading lies'

Rediff.com1 Oct 2024

IOA treasurer Sahdev Yadav on Tuesday hit back at president P T Usha for claiming that IOA Executive Committee members were not agreeing on a proposal to felicitate Paris Olympics medal-winners

Relief for taxpayers, late refund claim may be allowed

Relief for taxpayers, late refund claim may be allowed

Rediff.com23 Jun 2025

'Experts and stakeholders have raised concern over the refund provision in the draft Bill. That was a drafting error, which will be rectified,' a government official said.

SBI slams Anil Ambani. says RCom loan account is 'fraud'

SBI slams Anil Ambani. says RCom loan account is 'fraud'

Rediff.com2 Jul 2025

State Bank of India has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and to report the name of its erstwhile director -- Anil Ambani to the Reserve Bank of India (RBI), according to a regulatory filing. Reliance Communications in a regulatory filing said that it has received a letter dated June 23, 2025 from the State Bank of India (SBI) to this effect.

Trump's Tariffs: No More Protectionism Please!

Trump's Tariffs: No More Protectionism Please!

Rediff.com26 Aug 2025

Brave statements such as we will continue to be the fastest growing large country are of no consolation, because the direction of trade also determines the flow of investment, points out M Govinda Rao.

REITs Can Pay, But Stay Cautious

REITs Can Pay, But Stay Cautious

Rediff.com28 Aug 2025

'Reits are suitable for investors seeking regular income and real estate exposure without managing physical properties, especially NRIs and retirees.'

Why The Bankruptcy Code Needs A Makeover

Why The Bankruptcy Code Needs A Makeover

Rediff.com23 Jul 2025

The famous 'tareekh pe tareekh' dialogue from the Hindi movie Damini captures where we are now.

Govt forms cabinet committees on security, economic affairs; includes allies

Govt forms cabinet committees on security, economic affairs; includes allies

Rediff.com3 Jul 2024

The members of the cabinet committees included Union ministers from the Bharatiya Janata Party and its National Democratic Alliance partners like Janata Dal-United, Telugu Desam Party, Janata Dal-Secular, Shiv Sena and Lok Janshakti Party-Ram Vilas.

'Sweeping powers' to EC: Gogoi, other ex-CJIs flag concern

'Sweeping powers' to EC: Gogoi, other ex-CJIs flag concern

Rediff.com6 Jul 2025

Former chief justices of India, who have conveyed their views to a parliamentary committee on the bill proposing simultaneous polls, have endorsed the constitutionality of the 'one nation, one election' concept but have raised concerns over its various aspects, including the power given to the Election Commission, and offered suggestions.

Sensex surges 378 points; bank, finance stocks spurt

Sensex surges 378 points; bank, finance stocks spurt

Rediff.com20 Aug 2024

Among the 30 Sensex firms, Bajaj Finserv, IndusInd Bank, Tech Mahindra, Bajaj Finance, Kotak Mahindra Bank, Axis Bank, NTPC, and Sun Pharma were the major gainers. On the other hand, Bharti Airtel, ITC, Adani Ports, JSW Steel and Tata Motors were among the laggards.

Growth: RBI Sees Too Many Uncertainties

Growth: RBI Sees Too Many Uncertainties

Rediff.com19 Aug 2025

For the time being, the RBI is done with the cuts. A cut in October, which many are still predicting, is not certain. Of course, if growth nosedives, the script will be different, expects Tamal Bandyopadhyay.

GST Council's fitment committee likely to consider dropping 12% slab

GST Council's fitment committee likely to consider dropping 12% slab

Rediff.com5 Jun 2024

The fitment committee under the Goods and Services Tax (GST) Council, comprising central and state officials, has begun a rate rationalisation exercise afresh, checking the possibility of dropping some of the rates, particularly the 12 per cent slab, to achieve a revenue-neutral structure, a senior official with direct knowledge of the matter

Cautious approach: Small finance bank model in the slow lane, say experts

Cautious approach: Small finance bank model in the slow lane, say experts

Rediff.com24 Apr 2024

The small finance bank model may still be testing the water some 10 years since its launch. According to banking experts, the regulator has taken a cautious approach in granting approvals. Unity Small Finance Bank was the last one to get a licence in the category in November 2021.

Coventry receives golden key as new IOC President

Coventry receives golden key as new IOC President

Rediff.com24 Jun 2025

New IOC head already counting down to LA 2028

Ravi Kishan Wins An Award Not For Films!

Ravi Kishan Wins An Award Not For Films!

Rediff.com18 May 2025

BJP MP and actor Ravi Kishan has been awarded the Sansad Ratna for his outstanding performance in the Lok Sabha, becoming the first actor-turned-politician to receive the honour.

When A Vice President Resigned For The First Time

When A Vice President Resigned For The First Time

Rediff.com22 Jul 2025

Vice President V V Giri's resignation in 1969 triggered political upheavals that saw the ruling party defy its own presidential nominee, the expulsion of a sitting prime minister by her party president, and a historic split in the Indian National Congress, recounts Utkarsh Mishra.

Foreign fund inflows, ICICI Bank and RIL boost markets

Foreign fund inflows, ICICI Bank and RIL boost markets

Rediff.com5 Jun 2025

Eternal was the biggest gainer in the Sensex pack, jumping 4.50 per cent, followed by Power Grid, ICICI Bank, Reliance Industries, UltraTech Cement, Adani Ports, Sun Pharma, ITC and Hindustan Unilever were also among the winners. In contrast, IndusInd Bank, Axis Bank, Bajaj Finserv and Bajaj Finance were among the laggards.

Brisbane gets $2.2 billion govt boost for 2032 Olympics

Brisbane gets $2.2 billion govt boost for 2032 Olympics

Rediff.com3 Jul 2025

'We are ready to deliver a Brisbane 2032 games that will leave the same incredible legacy for Queensland.'

Pahalgam: India ramps up efforts for UN listing of LeT front

Pahalgam: India ramps up efforts for UN listing of LeT front

Rediff.com15 May 2025

An Indian delegation met top officials of the United Nations Office of Counter-Terrorism (UNOCT) and Counter-Terrorism Committee Executive Directorate here even as New Delhi stepped up efforts to designate The Resistance Front, a Lashkar-e-Tayyaba proxy, as a UN-listed terror outfit for its alleged involvement in the Pahalgam attack.