News for 'Finance Committee'

Bharat Jodo Yatra at J-K's Samba under tight security after Jammu twin blasts

Bharat Jodo Yatra at J-K's Samba under tight security after Jammu twin blasts

Rediff.com22 Jan 2023

The Congress said the foot march, being led by party leader Rahul Gandhi, will proceed according to its schedule and reach Jammu on Monday afternoon.

NSE Rot Goes Deeper

NSE Rot Goes Deeper

Rediff.com11 Mar 2022

The rot is is not limited to Chitra Ramkrishna and the yogi, observed Debashis Basu.

Truce ends; Gehlot, Pilot resume attacking each other

Truce ends; Gehlot, Pilot resume attacking each other

Rediff.com19 Jan 2023

In his remarks at the rallies, Pilot has cornered the Gehlot government over issues such as the repeated paper leaks and political appointments of retired bureaucrats while sidelining party workers.

Race to replace UK PM Johnson gains pace after Sunak's announcement

Race to replace UK PM Johnson gains pace after Sunak's announcement

Rediff.com9 Jul 2022

Sunak joins fellow Indian-origin candidate Suella Braverman, the UK Attorney General who is among the early Tory MPs to announce her plan to contest.

FIFA says Valcke not involved in $10 million payment

FIFA says Valcke not involved in $10 million payment

Rediff.com2 Jun 2015

FIFA denied on Tuesday that the top lieutenant of its President, Sepp Blatter, or any other member its senior management made $10 million in bank transactions.

2014 Rio World Cup prize money set for huge increase

2014 Rio World Cup prize money set for huge increase

Rediff.com4 Dec 2013

The prize money at next year's World Cup finals will be increased by at least a third from that on offer in South Africa in 2010, FIFA general secretary Jerome Valcke said on Tuesday.

It's official, govt will divest stake in LIC

It's official, govt will divest stake in LIC

Rediff.com12 Jul 2021

The Union Cabinet has cleared disinvestment of the country's largest insurer LIC and a panel headed by the finance minister will now decide on the quantum of stake dilution, a senior official said on Monday. The Department of Investment and Public Asset Management (DIPAM) had in January appointed actuarial firm Milliman Advisors LLP India to assess the embedded value of LIC ahead of the IPO (initial public offering), which is touted to be the biggest public issue in Indian corporate history. The Budget amendments to the LIC Act has been notified and the actuarial firm is expected to finalise the embedded value of the life insurer. Under the embedded value method, the insurance company's present value of future profit is also included in its present net asset value.

Lankan Oppn to move no-trust motion against Gotabaya govt

Lankan Oppn to move no-trust motion against Gotabaya govt

Rediff.com8 Apr 2022

The SJB has begun to collect signatures from MPs for the no-confidence motion, according to media reports.

In CCs meet on Afghanistan, Modi directs refuge to Sikh, Hindus wanting to come to India

In CCs meet on Afghanistan, Modi directs refuge to Sikh, Hindus wanting to come to India

Rediff.com17 Aug 2021

Prime Minister Narendra Modi on Tuesday directed officials to ensure safe evacuation of all Indian citizens from Afghanistan and to provide refuge to Sikhs and Hindus wanting to come to India from there, as he chaired a crucial high-level meeting in the backdrop of the Taliban takeover of the war-torn country, sources said.

Israel Prez invites Netanyahu to form new government

Israel Prez invites Netanyahu to form new government

Rediff.com13 Nov 2022

Netanyahu, who has won the backing of 64 Members of the Knesset (Israeli Parliament), has been assigned the task to form the next government, a statement from the Presidency said.

Democrats keep control of US Senate after crucial midterm polls

Democrats keep control of US Senate after crucial midterm polls

Rediff.com13 Nov 2022

The ruling Democratic Party will retain majority control of the United States Senate as two of its candidates are projected to win their pivotal races against Republican rivals, in a major boost to President Joe Biden in the second half of his term, both for his legislative agenda and his ability to appoint judges and other key officials.

Govt gifts Rs 1.45-trillion incentive for 10 manufacturing sectors

Govt gifts Rs 1.45-trillion incentive for 10 manufacturing sectors

Rediff.com12 Nov 2020

The government hopes that the PLI schemes would provide 200,000-300,000 direct employment over five years, according to sources in the know.

'TN's finances are a mess, it's not going to be easy'

'TN's finances are a mess, it's not going to be easy'

Rediff.com19 May 2016

'We have about Rs 4 lakh crore debt on a state budget of about Rs 1.5 lakh crore.' 'We are in a debt two-and-a-half times our annual budget,' says the banker who would have been Tamil Nadu's finance minister had the DMK won.

Historic! Rishi Sunak to be UK's 1st Indian-origin PM

Historic! Rishi Sunak to be UK's 1st Indian-origin PM

Rediff.com24 Oct 2022

Rishi Sunak on Monday is all set to make history on Diwali as Britain's first Indian-origin prime minister after being elected unopposed as the new leader of the governing Conservative Party, following Penny Mordaunt's withdrawal from the race.

COP27 Does Little On Climate Change

COP27 Does Little On Climate Change

Rediff.com26 Nov 2022

The overwhelming feeling at the end of COP 27 was that despite decades of meetings and landmark accords, like the Paris Agreement, the world was still not doing enough to slow the climate crisis, observes Ambassador T P Sreenivasan.

Rs 93,847 crore allocated for education in interim budget

Rs 93,847 crore allocated for education in interim budget

Rediff.com1 Feb 2019

While Rs 37,461.01 crore has been allocated for higher education, Rs 56,386.63 crore has been earmarked for school education.

Don't deny Rs 50K ex gratia in Covid deaths, SC tells states

Don't deny Rs 50K ex gratia in Covid deaths, SC tells states

Rediff.com4 Oct 2021

The Supreme Court Monday said no state should deny the ex-gratia compensation of Rs 50,000, as recommended by National Disaster Management Authority (NDMA), to the kin of persons who died of COVID-19 on the sole ground that death certificate does not mention it as the cause of death.

Meet the 3 experts appointed by SC in Pegasus probe

Meet the 3 experts appointed by SC in Pegasus probe

Rediff.com27 Oct 2021

Three experts on cyber security, digital forensics, networks and hardware were roped in by the Supreme Court on Wednesday to "enquire, investigate and determine" whether Pegasus spyware was used for snooping on citizens and their probe would be monitored by former apex court judge R V Raveendran.

Reliance Capital gets 10 more bids for subsidiaries

Reliance Capital gets 10 more bids for subsidiaries

Rediff.com22 Dec 2020

Reliance Capital Ltd (RCL), part of the debt-ridden Anil Ambani-promoted Reliance Group, has received 10 more bids, including from SBI Life, for its subsidiaries, sources said. Earlier this month, the Committee of Debenture Holders had extended the last date for submission of expression of interest (EoI) to December 17, 2020. Following this, 10 new bids have come in for Reliance Capital's assets, taking the total number of bids to 70, the sources said.

11 govt banks don't have a chairman!

11 govt banks don't have a chairman!

Rediff.com14 Sep 2021

The annual earnings of a non-executive chairman of a PSB is capped at Rs 10 lakh, inclusive of fees for attending board meetings. This is way below the compensation of the chairman of any private bank, reveals Tamal Bandyopadhyay.

AIADMK tussle: EPS is new boss, OPS expelled

AIADMK tussle: EPS is new boss, OPS expelled

Rediff.com11 Jul 2022

The All India Anna Dravida Munnetra Kazhagam general council meeting on Monday revived the general secretary post, and picked Edappadi K Palaniswami as the interim GS.

GST Council likely to meet early Jan; may discuss rate rationalisation

GST Council likely to meet early Jan; may discuss rate rationalisation

Rediff.com20 Dec 2021

The Centre is looking to convene a meeting of the all-powerful Goods and Service Tax Council in early January. The meeting is likely to focus on rectifying the inverted duty structure for a few more items and will also serve as a platform for pre-Budget discussions between Union Finance Minister Nirmala Sitharaman and state finance ministers, Business Standard has learnt. "The current Winter Session of Parliament ends on December 23, followed by the Christmas-New Year period. "After that we would like to have a meeting of the GST Council, depending on whether there can be a quorum," a top government official said.

TN sets up GST advisory body, experts fear it may clash with Centre

TN sets up GST advisory body, experts fear it may clash with Centre

Rediff.com6 Apr 2022

If other states follow suit, it is going to become difficult for the GST Council to decide on the next stage of reforms.

Kamala Harris hit by the return of 'birther movement'

Kamala Harris hit by the return of 'birther movement'

Rediff.com14 Aug 2020

The conspiracy theory about Harris started following a Newsweek Op-Ed by Dr John Eastman, who ran in the Republican primary to be California's attorney general in 2010. Trump did not give his opinion on it but acknowledged that he has heard about such claims circulating on social media that Harris is not eligible to be the president of the United States.

EWS quota: Govt to retain Rs 8 lakh income criteria

EWS quota: Govt to retain Rs 8 lakh income criteria

Rediff.com2 Jan 2022

The government said that the panel has recommended that family income is a "feasible criterion" for defining EWS and in the current situation, a threshold of Rs 8 lakh of annual family income seems reasonable for determining EWS.

Biden blocks investments in Ukraine rebel regions, plans new sanctions

Biden blocks investments in Ukraine rebel regions, plans new sanctions

Rediff.com22 Feb 2022

The executive order also provides authority to impose sanctions on any person determined to operate in those areas of Ukraine.

Jharkhand govt forms panel to probe ropeway accident

Jharkhand govt forms panel to probe ropeway accident

Rediff.com20 Apr 2022

The committee will submit its report in two months and its chairperson can invite any expert of any institution in the country to help in the probe into the April 10 tragedy, a notification by Jharkhand tourism department said.

Railway Board restructuring gets green flag

Railway Board restructuring gets green flag

Rediff.com4 Sep 2020

The board will now be headed by Vinod Kumar Yadav as chairman and CEO, and it will have four other members.

Modi pays tribute to Abe Shinzo at state funeral, meets Kishida

Modi pays tribute to Abe Shinzo at state funeral, meets Kishida

Rediff.com27 Sep 2022

Prime Minister Narendra Modi on Tuesday offered a floral tribute to former Japanese premier Shinzo Abe at his state funeral in Tokyo.

FinMin asks RBI to ensure a higher dividend for govt in FY22

FinMin asks RBI to ensure a higher dividend for govt in FY22

Rediff.com25 Feb 2021

RBI Governor Shaktikanta Das has assured Finance Minister Nirmala Sitharaman that the Rs 12.05-trillion gross borrowing programme for FY22 will go through smoothly.

PFI involved in 'disturbing' India's secular fabric: Officials

PFI involved in 'disturbing' India's secular fabric: Officials

Rediff.com28 Sep 2022

The PFI is alleged to have been continuously involved in anti-government propaganda and spreading the narrative that Muslims were being persecuted in India.

PWC resigns as auditor of 2 Anil Ambani firms

PWC resigns as auditor of 2 Anil Ambani firms

Rediff.com12 Jun 2019

Reliance Capital and Reliance Home Finance said that PWC cited the companies' failure to convene audit committee meetings within the expected time, despite multiple letters of intent sent to them, as one of the reasons for the resignation.

No plan to print currency notes to tide over crisis: Sitharaman

No plan to print currency notes to tide over crisis: Sitharaman

Rediff.com26 Jul 2021

The government has no plan to print currency notes to tide over the current economic crisis triggered by the outbreak of COVID-19 pandemic, Finance Minister Nirmala Sitharaman informed Parliament on Monday. To a question on whether there is any plan to print currency to tide over the crisis, the finance minister said, "No Sir". Many economists and experts have suggested to the government to print more currency notes to tide over the difficult economic situation with a view to support the economy ravaged by the spread of COVID-19, and protect jobs.

Rishi Sunak extends lead in UK PM race

Rishi Sunak extends lead in UK PM race

Rediff.com19 Jul 2022

Sunak, 42, has consistently topped the shortlist since voting began last week and on Monday he bagged 115 votes in the third round, which leaves only four candidates in the race.

Maharashtra among states to delay CBI probe into ABG Shipyard: Govt

Maharashtra among states to delay CBI probe into ABG Shipyard: Govt

Rediff.com15 Mar 2022

Replying to a query in Rajya Sabha, Finance Minister Nirmala Sitharaman said there was no delay by the Centre in taking action after identification of fraud by the State Bank of India following the forensic report from Ernst & Young.

Pence, Harris all set for US vice-presidential debate

Pence, Harris all set for US vice-presidential debate

Rediff.com6 Oct 2020

Political analysts believe that an aggressive Harris, 55, will easily prevail over Pence, 61, during the only vice-presidential debate and help her running mate Joe Biden, 77, to widen his lead over Trump, 74.

Former FIFA chief Blatter handed extended ban

Former FIFA chief Blatter handed extended ban

Rediff.com24 Mar 2021

Sepp Blatter's current ban from the game was due to expire in October but the latest ban of six years and eight months, for ethics code violations, will take effect from that point.

HDFC hikes home loan rate; PNB ups MCLR

HDFC hikes home loan rate; PNB ups MCLR

Rediff.com1 Jun 2022

Mortgage lender HDFC Ltd on Wednesday announced an increase in its benchmark lending rate by 5 basis points (bps), a move that will make loans dearer for both existing and new borrowers. This is the third hike effected by HDFC in the last one month. "HDFC increases its Retail Prime Lending Rate (RPLR) on housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 5 basis points, with effect from June 1, 2022," the housing finance company said in a statement.

Census unlikely to take place before 2024 Lok Sabha elections

Census unlikely to take place before 2024 Lok Sabha elections

Rediff.com16 Dec 2022

Although the Disaster Management Act for Covid containment measures, considered a hindrance in conducting the census, was withdrawn in March this year the Centre has not taken any further action on conducting the much-delayed population enumeration.

Netanyahu-led coalition to form govt in Israel

Netanyahu-led coalition to form govt in Israel

Rediff.com4 Nov 2022

Former Prime Minister Benjamin Netanyahu led right-wing bloc has secured an emphatic victory in Israel's general elections by claiming 64 out of the 120 seats in parliament, bringing the country's longest-serving premier back at the helm after a brief gap and also ending prolonged political instability.