News for 'Finance Wing'

India Is Paying The Price For Politics Of Hate

India Is Paying The Price For Politics Of Hate

Rediff.com6 Jun 2022

If you love India, you cannot weaponise religion to stay in power, asserts Ramesh Menon, author, Modi Demystified: The Making Of A Prime Minister.

GST fraud probe into BharatPe finds deals with non-existent vendors

GST fraud probe into BharatPe finds deals with non-existent vendors

Rediff.com6 Mar 2022

An audit conducted by professional services firm Alvarez and Marsal confirms fintech firm's dealings with fake or non-existent vendors.

'No pressure' on Pak to release Abhinandan: FO

'No pressure' on Pak to release Abhinandan: FO

Rediff.com29 Oct 2020

Foreign Office spokesman Zahid Hafeez Chaudhri said on Thursday that "there was no pressure on Pakistan at all regarding the release of Wing Commander Abhinandan."

ED's Rajeshwar Singh to retire; may contest UP polls on BJP ticket

ED's Rajeshwar Singh to retire; may contest UP polls on BJP ticket

Rediff.com20 Aug 2021

A BTech and PhD in police, human rights and social justice, Singh joined the federal anti-money laundering investigations agency in 2009 on deputation from Uttar Pradesh where he was serving as a state police service officer.

Full Text: PM Modi's address to US Congress

Full Text: PM Modi's address to US Congress

Rediff.com23 Jun 2023

Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.

'Government Is Trying To Intimidate The Opposition'

'Government Is Trying To Intimidate The Opposition'

Rediff.com28 Jul 2022

'We walked into the well of the House because we had no choice.' 'They were not listening to us. They were throttling democracy.'

JuD chief Hafiz Saeed to face trial on December 7

JuD chief Hafiz Saeed to face trial on December 7

Rediff.com30 Nov 2019

The cases have been registered in Lahore, Gujranwala and Multan for collection of funds for terror financing through assets/properties made and held in the names of Trusts/ Non Profit Organisations including Al-Anfaal Trust, Dawatul Irshad Trust and Muaz Bin Jabal Trust.

Iconic TVS group families start restructuring businesses

Iconic TVS group families start restructuring businesses

Rediff.com12 Feb 2022

As part of the exercise, each family will get complete ownership of the businesses it manages while scrapping the holding company.

Budget capex not as high as it sounds: Crisil

Budget capex not as high as it sounds: Crisil

Rediff.com9 Feb 2022

Amid FY23 Union Budget's focus on investments, leading domestic credit rating agency Crisil on Wednesday said that the capital expenditure is "not as high as it sounds". It, however, was quick to add that considering that governments usually tend to cut capex during a crisis, the government has maintained its focus on growth-spurring initiatives amid the pandemic. The research wing of the agency said, if one excludes the Rs 1 lakh crore of loans to states for capex included in the headline figure of Rs 7.50 lakh crore or 2.91 per cent, the actual spend in FY23, will go down to 2.58 per cent of GDP, which is barely at par with the revised estimate of FY22.

Anti-Gandhi remark: MP-Chhattisgarh spar as Kalicharan arrested

Anti-Gandhi remark: MP-Chhattisgarh spar as Kalicharan arrested

Rediff.com30 Dec 2021

Acting on a specific input, the Raipur police apprehended the seer from a rented room near Bageshwar Dham, located around 25 km from Khajuraho town in MP, Raipur Superintendent of Police Prashant Agrawal said.

Will KCR's BRS Make Any Impact In National Politics?

Will KCR's BRS Make Any Impact In National Politics?

Rediff.com24 Oct 2022

Maharashtra is the BRS' first target.

MoD signs Rs 2,580 cr deal for Pinaka rocket launchers

MoD signs Rs 2,580 cr deal for Pinaka rocket launchers

Rediff.com1 Sep 2020

The six Pinaka Regiments comprise of 114 Launchers with automated gun aiming and positioning system and 45 command posts to be procured from M/s TPCL and M/s L&T, and 330 vehicles to be procured from M/s BEML.

ECI Ruling: What Are Uddhav's Political Options?

ECI Ruling: What Are Uddhav's Political Options?

Rediff.com23 Feb 2023

Uddhav Thackeray and his followers have the option to stop riding a tiger and commence work around a more meaningful and enduring political ideology. It is an option Eknath Shinde's side may not have, supported as they were by the BJP, to maintain continuity of the old Sena, argues Shyam G Menon.

India trade deal eludes another British prime minister

India trade deal eludes another British prime minister

Rediff.com20 Oct 2022

Britain's third female prime Minister, Liz Truss, was out of office on Thursday after the shortest tenure at 10 Downing Street in London and without a cherished India-UK free trade agreement (FTA) under her belt as a Brexit prize.

Time For India to Lend Sri Lanka A Helping Hand

Time For India to Lend Sri Lanka A Helping Hand

Rediff.com15 Apr 2022

New Delhi has a chance to rid itself of its image as the bully in the subcontinent by helping a neighbour tackle problems that India, for once, has no role in creating. It should grab the opportunity with both hands, suggests Aditi Phadnis.

Pak home to 12 foreign terrorist organisations: Report

Pak home to 12 foreign terrorist organisations: Report

Rediff.com28 Sep 2021

United States officials have identified Pakistan as a base of operations or target for numerous armed and non state militant groups, some of which have existed since the 1980s, the independent Congressional Research Service said in the report.

Chhattisgarh court sends Hindu seer Kalicharan to 2-day police custody

Chhattisgarh court sends Hindu seer Kalicharan to 2-day police custody

Rediff.com31 Dec 2021

Chhattisgarh Police arrested Hindu religious leader Kalicharan Maharaj from neighbouring Madhya Pradesh on Thursday over his alleged derogatory remarks against Mahatma Gandhi, following which a court here sent him to police remand for two days, an official said.

Why Indiabulls is ready to exit real estate business

Why Indiabulls is ready to exit real estate business

Rediff.com26 Apr 2019

Chennai-based Lakshmi Vilas Bank is set to merge with Indiabulls Housing Finance in a share-swap deal, RBI may not be comfortable with a bank owner having realty business under its wings.

JNU V-C won't stand for nonsense

JNU V-C won't stand for nonsense

Rediff.com21 Feb 2022

Santishree Dhulipudi Pandit won't be afraid to tangle with the toughest of them.

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.

The faces from Gujarat in new Modi Cabinet

The faces from Gujarat in new Modi Cabinet

Rediff.com7 Jul 2021

Influential Patel community leader Parshottam Rupala, minister in the first Narendra Modi government Mansukh Mandaviya and three-time MP Darshana Jardosh, all from Gujarat, were among those inducted in the Union cabinet on Wednesday.

Budget: Security forces guarding Pak, China receive more funds

Budget: Security forces guarding Pak, China receive more funds

Rediff.com1 Feb 2021

Finance Minister Nirmala Sitharaman has allocated a total of Rs 1,03,802.52 crore to the Central Armed Police Forces like the Border Security Force, Central Reserve Police Force and Indo-Tibetan Border Police. The amount is an increase of 7.1 per cent from the last year when the forces got Rs 92,848.91 crore.

Modinomics Ain't Right. It's Hindu-Left

Modinomics Ain't Right. It's Hindu-Left

Rediff.com31 Jan 2022

It is in no way a government of the economic Right. The Right is limited to religion and nationalism. The rest is as Left as the Congress or any other party, observes Shekhar Gupta.

Ishrat Jahan was Lashkar-e-Tayiba's suicide bomber: Headley

Ishrat Jahan was Lashkar-e-Tayiba's suicide bomber: Headley

Rediff.com11 Feb 2016

In a significant claim, Pakistani-American terrorist David Coleman Headley on Thursday said that Ishrat Jahan -- who was killed in an alleged fake encounter in 2004 in Gujarat --was actually a suicide bomber of Lashkar-e-Tayiba terror outfit.

Stalin Draws Up Line Of DMK Succession

Stalin Draws Up Line Of DMK Succession

Rediff.com14 Dec 2022

What does Udhayanidhi's induction as minister mean? For the DMK, it indicates the future course, direction and leadership. It is continuity with change, and change with continuity, points out N Sathiya Moorthy.

Are Banks In Good Shape?

Are Banks In Good Shape?

Rediff.com19 Apr 2022

Flush with liquidity, banks are eager to lend. And, therein lies the problem, warns Tamal Bandyopadhyay.

Stimulus doesn't enlist banks as frontline warriors: RBI board member

Stimulus doesn't enlist banks as frontline warriors: RBI board member

Rediff.com20 May 2020

The stimulus package announced by Finance Minister Nirmala Sitharaman "fails to involve" banks in the economic revival process, a member of the Reserve Bank of India's central board said on Wednesday. The stimulus package is "imaginative and forward looking, yet fails to involve banks as frontline warriors in revival of economy," Satish Marathe, a member of RBI's central board, said in a social media post.

Vande Bharat gets back on track after myriad controversies, vigilance probe

Vande Bharat gets back on track after myriad controversies, vigilance probe

Rediff.com27 Apr 2022

On August 15 last year, Prime Minister Narendra Modi announced from the ramparts of the Red Fort that the Indian Railways would launch 75 Vande Bharat Express trains by August 2023. Later, in her 2022 Budget speech, Finance Minister Nirmala Sitharaman announced that 400 Vande Bharat trains will be manufactured in the next three years, which are expected to cost between Rs 40,000 crore and Rs 50,000 crore. Those upbeat announcements come after a series of cancelled tenders, vigilance actions against officials and interdepartmental rivalry that delayed the addition of these iconic trains developed entirely indigenously by the Integral Coach Factory (ICF) in Chennai.

Govt keen to push infra spending: Sitharaman

Govt keen to push infra spending: Sitharaman

Rediff.com27 Sep 2019

Sitharaman also said that the government's capital expenditure was on track and Budget estimates would be met.

Kerala poet's FB account 'suspended' for 'BJP defeat' post

Kerala poet's FB account 'suspended' for 'BJP defeat' post

Rediff.com9 May 2021

Noted poet K Satchidanandan has alleged that he was restrained by Facebook from liking, commenting and sharing posts for 24-hours after he tried to upload online a satire video on the Bharatiya Janata Party's defeat in the recently concluded Kerala assembly polls.

Hard work rewards Himanta Biswa Sarma with CM's mantle

Hard work rewards Himanta Biswa Sarma with CM's mantle

Rediff.com9 May 2021

Sarma's eyes, according to those close to him, were always set on the top job in Assam. However, the leader who owed his early rise to two former chief ministers from the Congress had to toil for many years with dogged determination to achieve his goal.

'After saade saath saal, Modi govt has come of age!'

'After saade saath saal, Modi govt has come of age!'

Rediff.com1 Sep 2021

'It has taken 7-and-a-half years for this government to understand the fundamentals of economics.' 'If the prime minister wants to leave an imprint, he has to see to it that this succeeds.'

'Pulwama Planning Was Done in Afghanistan'

'Pulwama Planning Was Done in Afghanistan'

Rediff.com27 Aug 2021

'Jaish looked to creating regional mayhem, at a time when peace appeared more likely, and when that peace would have threatened Jaish's existence.'

26/11 mastermind Hafiz Saeed's judicial custody extended

26/11 mastermind Hafiz Saeed's judicial custody extended

Rediff.com24 Jul 2019

Saeed's arrest is also being seen as a pressure on Pakistan in connection with its commitment to the Financial Act Task Force whose next deadline is in October.

Banks to witness spike in credit costs, NPAs in 2020

Banks to witness spike in credit costs, NPAs in 2020

Rediff.com6 Apr 2020

While banks are not as exposed as the corporate sector during the initial stage of the pandemic, the strain on lenders could ultimately be profound. Banks face a second-order hit compared with the corporate and household sectors.

How many firms are giving online app-based loans? Govt has no data

How many firms are giving online app-based loans? Govt has no data

Rediff.com9 Feb 2021

The Reserve Bank of India has issued several warnings that the public should not fall prey to such unscrupulous activities and verify the companies offering loans online and through apps.

Why India's airlines are plagued by glitches

Why India's airlines are plagued by glitches

Rediff.com15 Aug 2022

The recent spate of technical glitches in aircraft has prompted the Directorate General of Civil Aviation (DGCA) to issue an order on July 18, making aircraft maintenance engineers (AMEs) with category B1/B2 licences the final authorities in certifying planes. This has put the spotlight on the availability of such personnel. According to the order, airlines were resorting to frequent one-off authorisation by the Category A certifying staff at transit stations, which is not in line with existing regulatory provisions.

Can the ISI keep the Taliban United?

Can the ISI keep the Taliban United?

Rediff.com26 Aug 2021

Despite dependence on the ISI for years of sustenance, Taliban leaders may harbour resentment over the ISI's excessive control, notes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing.

Why Rakesh Jhunjhunwala's Akasa Air could prove the sceptics wrong

Why Rakesh Jhunjhunwala's Akasa Air could prove the sceptics wrong

Rediff.com6 Dec 2021

At the recently concluded Dubai airshow, Akasa, Rakesh Radheyshyam Jhunjhunwala's new airline, signed a $9 billion deal with American aircraft maker Boeing to buy its 737 MAX planes and a $4 billion one for engines with CFM, a joint venture between GE of the US and Safran of France. Unlike his financial doppelganger Warren Buffett, who divested billions from his airline stock portfolio at the start of the pandemic, Jhunjhunwala is wagering his billions in a brand new airline. The legendary investor bought a roughly 40 per cent stake in SNV Aviation in September, Akasa's holding company, started in March by three former Jet Airways colleagues. With aviation still to recover from its pandemic slump, the big question around his foray into domestic aviation, due to take off in summer 2022, is whether it is another pie in the sky.