News for 'Finance Conduct Authority'

SEBI chief Buch skips PAC summons; BJP miffed at panel chair

SEBI chief Buch skips PAC summons; BJP miffed at panel chair

Rediff.com24 Oct 2024

Buch, under a cloud over allegations of conflict of interest levelled by United States-based short-seller Hindenburg, was asked to appear before the PAC, which is reviewing the performance of the market regulator.

Maha reports 1st suspected GBS death, number of cases rises to 110

Maha reports 1st suspected GBS death, number of cases rises to 110

Rediff.com28 Jan 2025

A man suspected to have contracted Guillain-Barre syndrome (GBS) has died in Maharashtra's Solapur district, while the number of cases of the immunological nerve disorder in Pune rose to 110, health officials said on Monday.

ISI employs drug addicts as terror couriers in Indian jails: Officials

ISI employs drug addicts as terror couriers in Indian jails: Officials

Rediff.com8 Dec 2024

Pakistan's intelligence agency, the ISI, is reportedly using individuals under the influence of drugs or posing as mentally disturbed to infiltrate India and deliver messages to terrorists in prisons. Officials have reported over 10 such cases since July, with individuals entering from Pakistan and Pakistan-occupied Kashmir and being sent to prisons in Jammu, Punjab, and Rajasthan. Security agencies suspect these individuals are couriers tasked with relaying communication to jailed terrorists. The ISI's tactic is believed to be a response to the increased use of technology in communication, which leaves behind electronic footprints. This method of infiltration has also been linked to drug smuggling operations. The ISI's current tactic is reminiscent of its past use of "sawari operators" on the Samjhauta Express for covert operations, which were effectively curtailed by authorities.

Ensure separate toilets for transgenders, disabled, orders SC

Ensure separate toilets for transgenders, disabled, orders SC

Rediff.com15 Jan 2025

The Supreme Court of India has directed all high courts, state governments, and union territories to ensure the availability of separate toilet facilities for men, women, persons with disabilities (PwDs), and transgender persons in all court premises and tribunals across the country. The court stressed the importance of public health and the right to privacy, stating that adequate public toilets protect women and transgender persons. The court also expressed concern about the condition of public toilets near toll plazas on national highways and emphasized the need for proper sanitation facilities in court premises for judges, advocates, litigants, and staff members. This decision highlights the importance of access to basic amenities in ensuring a fair and dignified justice system.

How to get more bang for the buck out of field agents

How to get more bang for the buck out of field agents

Rediff.com23 Jan 2025

Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?

BSE hoists the sails for Sensex's 'offshore' voyage

BSE hoists the sails for Sensex's 'offshore' voyage

Rediff.com16 Sep 2024

Tasting success with the relaunch of Sensex derivatives in the onshore market, BSE is preparing for the 'offshore' debut of its 30-share index, which has become synonymous with the domestic markets. Sources in the know said that the India International Exchange (India INX), a subsidiary of BSE, received approval in July from the International Financial Services Centres Authority (IFSCA) to launch Sensex 30 derivatives contracts.

Kerala looks at early rehabilitation of Wayanad's disaster-hit

Kerala looks at early rehabilitation of Wayanad's disaster-hit

Rediff.com5 Aug 2024

Land, houses and other infrastructure facilities required for the rehabilitation procedure would be constructed at the earliest, the authorities said.

EC slams Kharge over letter on turnout data, Cong hits back

EC slams Kharge over letter on turnout data, Cong hits back

Rediff.com10 May 2024

The poll panel said it found Kharge's letter, placed in the public domain in the middle of the ongoing electoral process, 'highly undesirable' and designed to create confusion, misdirection and impediment to the conduct of smooth, free and fair elections.

Surging markets: CJI Chandrachud urges Sebi, SAT to be cautious

Surging markets: CJI Chandrachud urges Sebi, SAT to be cautious

Rediff.com4 Jul 2024

Chief Justice of India D Y Chandrachud on Thursday advised market regulator SEBI and the Securities Appellate Tribunal (SAT) to exercise caution amid a significant surge in equity markets and pitched for more tribunal benches to ensure that the "backbone is stable". Inaugurating the new SAT premises here, CJI Chandrachud pitched for authorities to consider opening up new benches of the SAT given the higher workloads because of higher quantum of transactions and newer regulations.

FATF condemns Pulwama attack; says Pak failed to curb terror finance

FATF condemns Pulwama attack; says Pak failed to curb terror finance

Rediff.com22 Feb 2019

The Paris-headquartered FATF said Pakistan should continue to work on implementing its action plan to address its strategic deficiencies

Poll code first imposed in Kerala in1960, here is its history

Poll code first imposed in Kerala in1960, here is its history

Rediff.com15 Mar 2024

According to the Election Commission of India, the code has evolved over the last 60 years to assume its present form.

Andhra, Telangana rain toll at 33; flood waters recede in both states

Andhra, Telangana rain toll at 33; flood waters recede in both states

Rediff.com3 Sep 2024

Andhra Pradesh Chief Minister N Chandrababu Naidu and his Telangana counterpart Revanth Reddy visited some inundated areas in their respective territories.

BJP manifesto promises to 'maintain peace in Northeast'

BJP manifesto promises to 'maintain peace in Northeast'

Rediff.com14 Apr 2024

In its election manifesto -- 'Sankalp Patra' -- the Bharatiya Janata Party has vowed to implement the Union Civil Code (UCC), maintain peace in the Northeast, among other key poll promises.

Hong Kong busts $1.8-bn money laundering syndicate with India links, 7 held

Hong Kong busts $1.8-bn money laundering syndicate with India links, 7 held

Rediff.com16 Feb 2024

The syndicate used "stooge" bank accounts and shell companies to transfer the largest amount linked to a single case recorded in the city, the Customs and Excise Department of Hong Kong said.

'Draft infra norms good for industry'

'Draft infra norms good for industry'

Rediff.com29 May 2024

'Probably revised guidelines will come, and then the real picture will emerge.'

The RBI Way Of Firefighting

The RBI Way Of Firefighting

Rediff.com8 Apr 2024

Why is the RBI harsh on Paytm Payments Bank? Why did it give Rana Kapoor of Yes Bank Ltd such a long rope?Often, it's a long investigation process, but the RBI doesn't discuss this openly since that can threaten financial sector stability, explains Tamal Bandyopadhyay.

'No government ever stooped so low'

'No government ever stooped so low'

Rediff.com30 Oct 2023

'It is violation of the Model Code of Conduct.' 'It is a penal offence under the IPC to exert undue influence on voters.' 'Under the election law, it is a corrupt practice.'

Nirmalaji And Why I Quit The Government

Nirmalaji And Why I Quit The Government

Rediff.com15 Jan 2024

She said I treated her like a bachchi. At another moment, she said I had gone to various people and 'bitched' about her. She also threatened to bring the entire matter to the PM's notice. A revealing excerpt from Subhash Chandra Garg's We Also Make Policy: An Insider's Account of How the Finance Ministry Functions.

Terror financing watchdog decides to keep Pak in 'Grey' list

Terror financing watchdog decides to keep Pak in 'Grey' list

Rediff.com22 Jun 2019

The FATF continuing Pakistan in the 'Grey' list means its downgrading by IMF, World Bank, ADB, EU and also a reduction in risk rating by Moody's, S&P and Fitch.

Had to move court for telecast of Ayodhya event in Tamil Nadu: BJP

Had to move court for telecast of Ayodhya event in Tamil Nadu: BJP

Rediff.com22 Jan 2024

The Bharatiya Janata Party vs ruling Dravida Munnetra Kazhagam battle over live telecast of the Ayodhya Ram temple consecration in Tamil Nadu shrines reached the Supreme Court on Monday, with the apex court asking the authorities to act in accordance with the law and not based on any oral instructions.

And Thus Was Born NIA...

And Thus Was Born NIA...

Rediff.com8 Aug 2024

Even though the NIA claims that more than 90 per cent of cases charge-sheeted have ended in conviction, the figure is likely misleading. To date, very few cases investigated by the NIA have resulted in a completed trial, points out former CBI joint director Navneet Rajan Wasan.

Hindujas tap private credit, foreign banks for RCap buy

Hindujas tap private credit, foreign banks for RCap buy

Rediff.com20 Oct 2023

The Hinduja group is learnt to be looking at alternative means of financing, including private credit, to fund its Rs 9,661 crore all-cash offer to acquire Reliance Capital. The regulator, Insurance Regulatory & Development Authority of India (Irdai), had earlier rejected the collateral offered by the group to raise funds. The Hinduja group was in talks with Barclays, JPMorgan, Cerberus Capital Management and Apollo Global Management to raise up to $850 million.

Kota to go in for suicide-proof ceiling fans as student deaths mount

Kota to go in for "suicide-proof" ceiling fans as student deaths mount

Rediff.com19 Aug 2023

Worried by a spate of suicides by hanging, the authorities in the coaching hub of Kota have taken a desperate measure -- ordering hostels to install a spring device on ceiling fans to stop students from taking their lives.

After Thailand, Sri Lanka, this country to allow visa-free entry to Indians

After Thailand, Sri Lanka, this country to allow visa-free entry to Indians

Rediff.com27 Nov 2023

The 30-day visa-free entry is also currently enjoyed by eight ASEAN countries for the purpose of social visits, tourism and business.

FIFA hands 1,300-page corruption report to Swiss authorities

FIFA hands 1,300-page corruption report to Swiss authorities

Rediff.com31 Mar 2017

FIFA has completed a 22-month internal inquiry into allegations of high-level corruption and criminal misconduct that buffeted world football and handed its report to Swiss authorities, soccer's ruling body said on Friday.

Situation tense in Haryana; army conducts flag march

Situation tense in Haryana; army conducts flag march

Rediff.com20 Feb 2016

The army conducted flag march in tense areas and used choppers to reach parts of Rohtak even as incidents of violence and arson by Jats demanding quota continued

SC strikes down electoral bonds as 'unconstitutional', orders disclosure of donors

SC strikes down electoral bonds as 'unconstitutional', orders disclosure of donors

Rediff.com16 Feb 2024

In a landmark judgment that delivered a big blow to the government, the Supreme Court on Thursday annulled the electoral bonds scheme, saying it violates the constitutional right to freedom of speech and expression as well as the right to information.

Demonetisation: I-T conducts raids in Delhi, Mumbai

Demonetisation: I-T conducts raids in Delhi, Mumbai

Rediff.com10 Nov 2016

Over 100 tax sleuths along with police officials have been roped in for the survey operations

Assam to hold socio-economic survey of indigenous Muslims; Cong cries foul

Assam to hold socio-economic survey of indigenous Muslims; Cong cries foul

Rediff.com3 Oct 2023

The decision is expected to provide a push for their development in healthcare, cultural identity, education, financial matters, skill development and women empowerment among others, the Chief Minister's Office said in a statement.

3-day survey found many tax-linked irregularities at BBC, says I-T dept

3-day survey found many tax-linked irregularities at BBC, says I-T dept

Rediff.com17 Feb 2023

The income and profits shown by various BBC group entities are "not commensurate" with the scale of their operations in India and tax has not been paid on certain remittances by its foreign entities, the income tax authorities said Friday, a day after they ended a three-day-long survey operation against the British media organisation.

SC directs quick release of 2 UP officials held on HC orders in contempt case

SC directs quick release of 2 UP officials held on HC orders in contempt case

Rediff.com20 Apr 2023

The matter was mentioned for urgent hearing before a bench comprising Chief Justice DY Chandrachud and Justice PS Narasimha, which took it up on board.

DMDK chief Vijayakanth laid to rest with full state honours, people pay homage

DMDK chief Vijayakanth laid to rest with full state honours, people pay homage

Rediff.com29 Dec 2023

In several places, from roof-tops and flyovers, people showered petals and garlands on the truck.

Has Paytm Woken Up Too Late?

Has Paytm Woken Up Too Late?

Rediff.com20 Feb 2024

Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.

Government faces flak over Finance Bill in Rajya Sabha

Government faces flak over Finance Bill in Rajya Sabha

Rediff.com27 Mar 2017

The Opposition on Monday charged the government with trying to promote crony capitalism, creating fear by giving "unbridled power" to taxmen, trying to snoop into people's lives through increased use of Aadhaar through the provisions of the Finance Bill.

Swiss authorities search FIFA HQ in corruption probe

Swiss authorities search FIFA HQ in corruption probe

Rediff.com3 Jun 2016

Swiss authorities have again searched the Zurich headquarters of FIFA and seized documents and electronic data in its corruption probe surrounding the global soccer body, the Swiss attorney general's office said on Friday.

More trouble for FIFA...Swiss authorities examine grants

More trouble for FIFA...Swiss authorities examine grants

Rediff.com25 Jun 2015

Swiss authorities are examining development grants made by FIFA around the world as part of their investigation.

Want To Study Medicine, MBA Abroad?

Want To Study Medicine, MBA Abroad?

Rediff.com18 Apr 2024

rediffGURU Sushil Sukhwani underlines the factors you need to consider before you make the decision to study outside India.

Electoral bonds: Can India be democracy if..., asks SC

Electoral bonds: Can India be democracy if..., asks SC

Rediff.com15 Feb 2024

Democracy does not begin and end with elections and the integrity of election process is pivotal for sustaining the democratic form of government, the Supreme Court said on Thursday while striking down as unconstitutional the electoral bonds scheme for political funding.

Kovind's report moots simultaneous LS, assembly polls as first step

Kovind's report moots simultaneous LS, assembly polls as first step

Rediff.com14 Mar 2024

A high-level committee on Thursday recommended simultaneous elections for Lok Sabha and state assemblies as the first step followed by synchronised local body polls within 100 days.

Borrowers will soon be able to switch to fixed-rate regime: RBI

Borrowers will soon be able to switch to fixed-rate regime: RBI

Rediff.com10 Aug 2023

The Reserve Bank on Thursday said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate. Unveiling the bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said under the framework, to be put in place shortly, the lenders will have to clearly communicate with the borrowers about tenor and EMI. "The supervisory reviews undertaken by the Reserve Bank and the feedback and references from members of public have revealed several instances of unreasonable elongation of tenor of floating rate loans by lenders without proper consent and communication to the borrowers," he said.