News for 'Financial Conduct Authority'

India's 1st smart city is all set to take off in a big way

India's 1st smart city is all set to take off in a big way

Rediff.com23 Jun 2020

'Initially, Gift City was just another real estate project, but all that changed with Modi moving to New Delhi,' notes Tamal Bandyopadhyay.

'I'm waiting for my appointment letter'

'I'm waiting for my appointment letter'

Rediff.com30 May 2022

Hundreds of pilots are staring at a long wait to get the job of their dreams after completing the course, the cost of which runs to Rs 1 crore.

Karnataka HC calls for govt report on radical outfits behind hijab row

Karnataka HC calls for govt report on radical outfits behind hijab row

Rediff.com25 Feb 2022

The Karnataka high court on Friday said it has called for a report from the state government on the role of radical organisations behind the hijab controversy in the state.

Das hints at rate cut; RBI presser turns a whimper

Das hints at rate cut; RBI presser turns a whimper

Rediff.com16 Mar 2020

Many analysts over the past week have said the RBI has legroom to cut rates to the tune of 65 bps by June and some like Barclays and BofA have also spoken about the likelihood of an inter-meeting cut.

Huge scam in YES Bank for many years, say ED

Huge scam in YES Bank for many years, say ED

Rediff.com26 May 2020

Proceeds of the crime had been siphoned off and laundered or concealed, or layered and integrated into the main financial system through the acquisition of properties. His wife Bindu Kapoor has been charged with being aware of the source of monies that were being routed through these companies.

RBI orders forensic audit of MobiKwik systems

RBI orders forensic audit of MobiKwik systems

Rediff.com31 Mar 2021

The Reserve Bank has asked troubled digital wallet firm MobiKwik, which is facing data breach allegations, to get a forensic audit done without any delay. Though the Gurugram-based firm has been claiming that its systems are secure and that there is no basis to the allegations of data breach, a group of hackers on Tuesday said that they accessed personal and financial data of nearly 10 crore MobiKwik customers. On Wednesday, sources in the know of the development told PTI that the RBI has ordered an immediate forensic audit of the company's systems by a certified auditor. When contacted, an RBI spokesperson refused to comment. MobiKwik refused to give a direct answer to a query on whether the RBI has ordered a forensic audit.

Cryptocurrencies: 'Invest for long-term'

Cryptocurrencies: 'Invest for long-term'

Rediff.com3 Jun 2021

'Allocate some parts of one's surplus income towards cryptocurrencies, considering the immense growth potential of this emerging asset class.'

Pak failed to contain terror funding: FATF members

Pak failed to contain terror funding: FATF members

Rediff.com21 Jun 2019

India's stand at the FATF plenary and other related discussions have always been consistent regarding Pakistan.

Even 10 years after Satyam, audit quality remains a concern

Even 10 years after Satyam, audit quality remains a concern

Rediff.com14 Jan 2019

Experts say, auditors must not allow themselves to be intimidated by the client management into conducting audits by conversation. It is important for auditors to conduct proper interviews and ask probing and searching questions.

Govt not to allow review of convicted bureaucrats' suspension

Govt not to allow review of convicted bureaucrats' suspension

Rediff.com29 Apr 2020

The Department of Personnel and Training (DoPT) has decided to amend the All India Services (discipline and appeal) Rules, 1969, applicable to IAS, IPS and IFS officers, in this regard.

10 small economies hold 85% of $15 trn phantom FDI

10 small economies hold 85% of $15 trn phantom FDI

Rediff.com11 Sep 2019

Phantom FDI refers to investments that pass through shell companies that have no real business activities and are tailor-made to cut tax liabilities.

Infosys faces another lawsuit in US

Infosys faces another lawsuit in US

Rediff.com12 Dec 2019

US-based Schall Law Firm has said it will file a class action lawsuit against Infosys Ltd to recover losses suffered by investors in the wake of allegations of "unethical practices" at the Indian IT major. In October, Infosys had informed the stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management.

CM's promise to citizens enforceable: HC

CM's promise to citizens enforceable: HC

Rediff.com22 Jul 2021

Once the Chief Minister had given a solemn assurance, a duty was cast on the Delhi government to take a stand as to whether to enforce the promise or not, the court said.

Explained: How P2P lending can help us

Explained: How P2P lending can help us

Rediff.com2 Jun 2020

'As banks grapple with risk aversion and savers see an erosion in the value of money, the P2P platform can be a win-win for both borrowers and lenders,' notes Tamal Bandyopadhyay.

Income Tax surveys at offices of IPL franchises

Income Tax surveys at offices of IPL franchises

Rediff.com23 May 2012

Income Tax authorities conducted surveys at the offices of Indian Premier League team franchises Pune Warriors in Pune and Mumbai and Royal Challengers Bangalore offices in the southern city as part of their probe into alleged tax evasion.

GST officers unearth over Rs 35K cr fraud in FY21

GST officers unearth over Rs 35K cr fraud in FY21

Rediff.com13 Jul 2021

In the year-long crackdown on tax evasion, the GST authorities have unearthed over Rs 35,000 crore of tax fraud committed by misuse of input tax credit provision under the Goods and Services Tax (GST) regime. During the 2020-21 financial year, the CGST zones and the Directorate General of GST Intelligence (DGGI) booked about 8,000 cases involving fake ITC of over Rs 35,000 crore, a statement from CBIC said. Under the GST regime, at the time of paying tax on output, entities can reduce the tax they have already paid on inputs.

As India watches, China grows powerful in Sri Lanka

As India watches, China grows powerful in Sri Lanka

Rediff.com8 Jun 2021

Xi Jinping is winning the war without firing a shot in Sri Lanka, observes Colonel R Hariharan (retd).

Navinder Sarao never drove a car or wore fancy clothes: Neighbours

Navinder Sarao never drove a car or wore fancy clothes: Neighbours

Rediff.com23 Apr 2015

Sarao was described as a fun guy, outgoing and talkative by other members of the tight knit South Asian community.

Azhar's listing: China asks US to 'act cautiously'

Azhar's listing: China asks US to 'act cautiously'

Rediff.com28 Mar 2019

Chinese Foreign Ministry spokesman Geng Shuang said that Washington's move only complicates the issue.

Russian fund to supply Dr Reddy's with 10cr doses of Covid vaccine

Russian fund to supply Dr Reddy's with 10cr doses of Covid vaccine

Rediff.com16 Sep 2020

The Russian Direct Investment Fund (RDIF) and Dr Reddy's Laboratories have agreed to cooperate on clinical trials and distribution of Sputnik V vaccine in India, RDIF and Dr Reddy's said in a joint statement.

After rain havoc 'Smart City' Chennai reels under politics

After rain havoc 'Smart City' Chennai reels under politics

Rediff.com23 Nov 2021

Chennai is one of the cities where works have been completed for almost 62 per cent of the money lined up -- Rs 599 crore of the Rs 959 crore has been utilised so far. Despite this, there was no respite for the people in the city this time either, with North Chennai being the worst affected.

Has Online Education CHANGED Your Kids?

Has Online Education CHANGED Your Kids?

Rediff.com18 Apr 2022

An astrologer told Ramesh Menon that he was increasingly having worried parents asking him about the future of their children who were showing serious behavioural changes like lack of tolerance towards others, shunning social interaction, and even violent behaviour. They were worried because they had never ever seen such traits in their children before the pandemic.

UK media watchdog fines Khalsa TV for violence, terror references

UK media watchdog fines Khalsa TV for violence, terror references

Rediff.com13 Feb 2021

Its order also includes a direction for the channel to broadcast a statement of Ofcom's findings on a date and in a form to be determined by the watchdog and also for KTV not to repeat the music video or the discussion programme found in breach of its rules.

For 1st time, India has more women than men

For 1st time, India has more women than men

Rediff.com25 Nov 2021

As per the fifth round of the NFHS, there are 1,020 women for every 1,000 men.

No cut in spectrum price as govt okays airwave auction

No cut in spectrum price as govt okays airwave auction

Rediff.com21 Dec 2019

Although the industry is disappointed with the government decision not to lower spectrum prices at a time telcos are saddled with over Rs 4-trillion debt and an estimated Rs 1.43-trillion licence fee dues, the DCC has relaxed the payment structure to offer some relief to the financially stressed sector.

Jio accuses Airtel, Vodafone Idea of fanning farmers' ire against it

Jio accuses Airtel, Vodafone Idea of fanning farmers' ire against it

Rediff.com15 Dec 2020

The latest telecom war kicked off after some pictures surfaced, showing Airtel banners among agitating farmers. According to the Jio camp, it was a giveaway that farmers were being enticed to port their phone numbers.

India detects 2 more Omicron Covid cases; total tally reaches 4

India detects 2 more Omicron Covid cases; total tally reaches 4

Rediff.com4 Dec 2021

Cases with the Omicron variant have already been detected in Karnataka and Gujarat.

Is ED Bad Only When It Targets Gandhis?

Is ED Bad Only When It Targets Gandhis?

Rediff.com28 Jul 2022

If the fear of ED could drive the powerful people of today to be honest or at least be minimally corrupt, will it not be a great thing for our nation?, asks Sudhir Bisht.

India, Pakistan, Taliban On Same Page?

India, Pakistan, Taliban On Same Page?

Rediff.com30 Nov 2021

Delhi has come to accept the Taliban takeover in Kabul as a reality and seems increasingly unsure of its dogmatic view of the Taliban as a mere proxy of the Pakistani military and security establishment, observes Ambassador M K Bhadrakumar.

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

60% women lost jobs in the lockdown

60% women lost jobs in the lockdown

Rediff.com8 Mar 2021

With longer work hours and a work from home set-up during the COVID-19 pandemic, women bore the maximum brunt by performing a dual role as a working professional as well as a caregiver.

Indigenous Kakrapar atomic plant-3 achieves criticality

Indigenous Kakrapar atomic plant-3 achieves criticality

Rediff.com23 Jul 2020

KAPP-3, the country's 23rd nuclear power reactor, is a 700 MW Pressurised Heavy Water Reactor (PHWR) designed indigenously, the NPCIL said in a release. The components and equipment for the reactor have been manufactured by Indian industries, and its construction was undertaken by various Indian contractors, it said.

Should Sebi be given such 'draconian' powers?

Should Sebi be given such 'draconian' powers?

Rediff.com10 Aug 2018

Interception of electronic communication should also be covered in the powers being sought, the report said.

Why millennial moms want to work

Why millennial moms want to work

Rediff.com26 Sep 2018

Financial independence has many benefits.

IL&FS case: Deloitte, KPMG's plea dismissed

IL&FS case: Deloitte, KPMG's plea dismissed

Rediff.com4 Mar 2020

Rejecting the contention of the auditors and others that they cannot be treated as part of the management, which is responsible for managing the affairs of the company and therefore should not be charged as per the said section, the NCLAT said that rules of natural justice are to be followed.

How India plans to become a sporting superpower...

How India plans to become a sporting superpower...

Rediff.com19 Jun 2020

The Sports Ministry is set to establish 1000 Khelo India Centres (KIC) at the district level across the country with the help of sporting champions, who will be remunerated for providing their expertise. The centres will either be run by a past champion or have them as a coach.

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.

SC slams govt's vaccination policy as 'prima facie arbitrary'

SC slams govt's vaccination policy as 'prima facie arbitrary'

Rediff.com3 Jun 2021

The Supreme Court has asked the Centre to place on record all relevant documents and file notings reflecting its thinking culminating in the COVID-19 vaccination policy, and the purchase history till date of all jabs including Covaxin, Covishield and Sputnik V.

IL&FS and Rs 13,000-cr worth of fishy deals

IL&FS and Rs 13,000-cr worth of fishy deals

Rediff.com4 Mar 2019

The report has identified 29 instances where it appears that the loans disbursed to borrowers were in turn utilised by their group companies to repay the existing debt obligations with IL&FS Financial Services Limited.

Sheena Bora Trial: Is Rahul afraid of Indrani?

Sheena Bora Trial: Is Rahul afraid of Indrani?

Rediff.com24 Jun 2022

'She seems to have disappeared off the face of the planet after telling different people different things.'