News for 'Financial Sector Development Council'

'Environment to bring people into the financial system is very strong in India'

'Environment to bring people into the financial system is very strong in India'

Rediff.com22 Mar 2017

Venture capitalists Adam Wolfensohn and Ameya Bijoor tell Anjuli Bhargava about the kind of investments and companies they are looking to invest in.

In Delhi Declaration, UN body calls for 'zero tolerance' towards terrorism

In Delhi Declaration, UN body calls for 'zero tolerance' towards terrorism

Rediff.com29 Oct 2022

In the document, the global body expressed concerns over the increasing use of Internet and other information and communications technologies, including social media platforms, for terrorist purposes.

PNB fraud: More heads to roll in the jewellery sector

PNB fraud: More heads to roll in the jewellery sector

Rediff.com19 Feb 2018

Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks

Rs 62,000 Crore GST Evasion Detected

Rs 62,000 Crore GST Evasion Detected

Rediff.com26 Dec 2022

'There are unscrupulous traders who create fake invoices by showing bogus e-way bills, movement of goods.' 'Since the entities registered across different states, and kept on changing their numbers, tracing them was difficult.'

Mizo Voters Signal Change On Horizon

Mizo Voters Signal Change On Horizon

Rediff.com31 Oct 2023

For the Mizo people, tribal and family identity are important. But so are jobs, farmers' access to markets, roads, and health facilities for a young population where drugs are a big affliction.

How Urban Flooding Affects Lives

How Urban Flooding Affects Lives

Rediff.com27 Jul 2023

Year by year, our cities remain defeated in the face of weather conditions, costing us time, money, resources and often lives, observe Amit Kapoor and Bibek Debroy.

China's Military Upgrade A Cause Of Concern

China's Military Upgrade A Cause Of Concern

Rediff.com28 Mar 2023

The further expansion and upgrade of the Chinese military does not augur well for India, which continues to confront an increasingly belligerent China on its borders, notes former foreign secretary Shyam Saran.

Budget 2020: Farm experts pitch for scrapping GST on agri-inputs

Budget 2020: Farm experts pitch for scrapping GST on agri-inputs

Rediff.com18 Dec 2019

Bharat Krishak Samaj demanded that the Pradhan Mantri Fasal Bima Yojana should be replaced with a new crop insurance and compensation scheme.

Now, Sebi does not want RBI on its board

Now, Sebi does not want RBI on its board

Rediff.com28 Feb 2019

Officials said Sebi first proposed to the FinMin to amend the relevant provisions in the Sebi Act to discontinue RBI's representation on its board, as it already has adequate presence of government nominees and in its over 25 years of existence the regulator has evolved as an "effective and one of the best in the world".

Budget has very little to offer for marginalised: Rights groups

Budget has very little to offer for marginalised: Rights groups

Rediff.com2 Feb 2023

"There has been a 0.05 percentage points decline in the share of allocation for child budget to the Union Budget from 2.35 per cent (2022-23 BE) to 2.30 per cent (2023-24 BE).

Why RBI's risk draft has little to cheer NBFCs

Why RBI's risk draft has little to cheer NBFCs

Rediff.com27 May 2019

An initial reading of the guidelines indicates two factors - potential rise in borrowing cost and lower returns on investment book - could hit the spread of NBFCs.

Whatever happened to Jaitley's single demat idea?

Whatever happened to Jaitley's single demat idea?

Rediff.com30 Jan 2017

Consumers will thank the Modi government for this simple yet revolutionary move, which is long overdue, says Debashis Basu.

Wrong to assume that sacked H-1B staffers have to leave America within 60 days: USCIS

Wrong to assume that sacked H-1B staffers have to leave America within 60 days: USCIS

Rediff.com28 Mar 2023

Amid mass layoffs in the tech sector, the federal agency for immigration services has said it is wrong to assume that sacked workers holding the much-sought-after H-1B visas have to leave the country within 60 days, asserting they have multiple options to stay in the US. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.

Govt makes it mandatory for armed forces to source military hardware locally

Govt makes it mandatory for armed forces to source military hardware locally

Rediff.com25 Apr 2022

The ministry also decided to dispense with the requirement of the Integrity Pact Bank Guarantee to reduce the financial burden on the Indian defence industry, a move aimed at promoting domestic manufacturing.

Sebi frowns on plan to extend trading time on poll result day

Sebi frowns on plan to extend trading time on poll result day

Rediff.com5 May 2014

On May 16, the leads will start trickling in from morning but the final result is likely to come only after 3.30 pm, beyond trading time for the equities segment in India.

Joshimath Tourism Industry Stares At Sinking Fortunes

Joshimath Tourism Industry Stares At Sinking Fortunes

Rediff.com11 Jan 2023

The tourism industry plays a vital role in the town, accounting for 70 per cent of its economy, according to experts.

'The story of inflation is not yet over'

'The story of inflation is not yet over'

Rediff.com6 Jun 2023

'The actions of Indian monetary authorities will depend on how quickly they want the inflation to come down to 4 per cent.'

Shah, Sitharaman stand tall among ministers

Shah, Sitharaman stand tall among ministers

Rediff.com22 Jul 2021

Strengthening the portfolios of the home minister and the finance minister is a message that should not be missed, points out A K Bhattacharya.

No politics on nation's economics, urges Chidambaram

No politics on nation's economics, urges Chidambaram

Rediff.com3 Feb 2014

India needs a place where all regulators could gather and function as in a war room.

Despite high NPAs, Indian banks have become more resilient: RBI

Despite high NPAs, Indian banks have become more resilient: RBI

Rediff.com28 Dec 2019

Thanks to the recapitalisation by the government and measures taken by the central bank, collapse of any large housing finance company won't pose as big a risk as it had six months ago.

100 cities in six months: Govt's ambitious ONDC pilots on Friday

100 cities in six months: Govt's ambitious ONDC pilots on Friday

Rediff.com28 Apr 2022

This will be done across five cities - Delhi, Bengaluru, Coimbatore, Bhopal, and Shillong. Thereafter, it will be scaled up and launched in 100 cities over a period of six months, said a senior government official.

FM asks regulators to be alert, check market volatility

FM asks regulators to be alert, check market volatility

Rediff.com14 May 2014

This was at a meeting of the Financial Stability and Development Council, chaired by him. Chidambaram, set to resign on Friday to make way for his successor, called upon the regulators and the ministry to be ready and take necessary action.

Pak to go ahead with PoK dam project that India termed illegal

Pak to go ahead with PoK dam project that India termed illegal

Rediff.com5 Dec 2016

Pakistan Prime Minister Nawaz Sharif on Monday approved in principle the financing plan of the much-delayed 4500 megawatt Diamer-Basha Dam project on the Indus river in Pakistan-occupied Kashmir and asked officials to expediate its construction.

Adani reveals plans for NDTV: Want global news brand, invite Prannoy Roy to stay on

Adani reveals plans for NDTV: Want global news brand, invite Prannoy Roy to stay on

Rediff.com26 Nov 2022

"Independence means if government has done something wrong, you say it's wrong. But at the same time, you should have courage when the government is doing the right thing every day. You have to also say that," he Gautam Adani was quoted as saying by FT.

Energy, health care sectors gain from Modi's UK visit

Energy, health care sectors gain from Modi's UK visit

Rediff.com15 Nov 2015

Prime Minister Narendra Modi's three-day visit to Britain has seen India and the UK agreeing on Rs 90,000 crore deals.

Why Stalin is Tamil Nadu's CM with a difference

Why Stalin is Tamil Nadu's CM with a difference

Rediff.com1 Sep 2021

From social engineering to bearing the cost of COVID-19 treatment to financial reconstruction of Tamil Nadu's debt the debutant chief minister is emerging as a leader with a difference, says Shjne Jacob

GST Revenues: Centre won't give states more

GST Revenues: Centre won't give states more

Rediff.com15 Nov 2021

'We have already given Rs 1.59 trillion to states.' 'So, there is no question of giving them more.'

Reforms to help India grow at 6.5-7% from FY23: CEA

Reforms to help India grow at 6.5-7% from FY23: CEA

Rediff.com16 Jul 2021

The country's economy will start witnessing a growth of 6.5 to 7 per cent from fiscal 2023 onwards, helped by various reforms undertaken by the government so far and also as COVID-19 vaccination drive progresses, Chief Economic Advisor Krishnamurthy Subramanian said. He said the second wave of COVID-19 is unlikely to have a very significant on the economy. The country's economy contracted by 7.3 per cent in fiscal 2020-21. "Together with the reforms and focus on vaccination, I expect growth to start hitting close 6.5 to 7 per cent from FY23 onwards and accelerate from there on," Subramanian said at a virtual event organised by Dun & Bradstreet.

Government gets moving on insurance cover for job loss

Government gets moving on insurance cover for job loss

Rediff.com5 Jun 2020

Following suggestion from Minister for Roads Nitin Gadkari, Centre seeks ideas from IRDAI and General Insurance Council on feasibility of providing insurance cover for retrenchment.

Gujarat, Karnataka are best states for start-ups

Gujarat, Karnataka are best states for start-ups

Rediff.com4 Jul 2022

Gujarat and Karnataka have been ranked as the best performers in developing startup ecosystem for budding entrepreneurs, according to the ranking of states and Union territories by the Department for Promotion of Industry and Internal Trade (DPIIT). Among smaller states having population of less than one crore, Meghalaya has been adjudged as the best performer. The rankings are based on the initiatives taken to develop the startup ecosystem for promoting budding entrepreneurs.

Does RBI's board have the skill to handhold the management?

Does RBI's board have the skill to handhold the management?

Rediff.com18 Dec 2018

If indeed we want the board to manage the RBI, probably the government should take a close look at the US Federal Reserve system which has a two-part structure - a central authority in Washington, DC, and a decentralised network of 12 Federal Reserve Banks located throughout the country, says Tamal Bandyopadhyay.

World's biggest shutdown may cost India Rs 7-8 lakh cr

World's biggest shutdown may cost India Rs 7-8 lakh cr

Rediff.com13 Apr 2020

The world's biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people, may have cost the Indian economy Rs 7-8 lakh crore during the 21-day period, analysts and industry bodies said.

How Nirmalaji compares with earlier FMs

How Nirmalaji compares with earlier FMs

Rediff.com6 Jan 2020

While the situation Sitharaman finds herself in may not be that good, how does it stack up against her three immediate predecessors Pranab Mukherjee, P Chidambaram and the late Arun Jaitley?

Why Rudy lost his job

Why Rudy lost his job

Rediff.com2 Sep 2017

Modi wanted to reap the Pradhan Mantri Kaushal Vikas's success in the 2019 election, but officials say blaming Rudy alone for its slow progress was unjust.

PM thanks Americans and heads home after seven-day trip

PM thanks Americans and heads home after seven-day trip

Rediff.com29 Sep 2015

"My USA (trip) demonstrates the extraordinary depth and diversity of our relationship. A lot of ground has been covered in these few days (sic)," Modi tweeted before his departure.

Modi arrives in US; packed schedule ahead of him

Modi arrives in US; packed schedule ahead of him

Rediff.com24 Sep 2015

Officials said Prime Minister Modi will not have a bilateral meeting with his Pakistani counterpart Nawaz Sharif during his current five-day trip to the US.

'Henceforth, no Indian should fear the taxman'

'Henceforth, no Indian should fear the taxman'

Rediff.com31 Dec 2019

'We have set out a timetable to reduce income tax rates for all incomes below Rs 50 lakh, and to progressively eliminate the surcharges on income above Rs 50 lakh, by 2024.' The Budget speech past CII president Naushad Forbes wants to hear.

India recorded 8% annual average growth in 11th Plan

India recorded 8% annual average growth in 11th Plan

Rediff.com20 Feb 2014

As against an annual average growth of 10-11 per cent envisaged for the industry during the period, the actual annual average growth stood at 7.2 per cent during the plan period.

'Bad loans main pain area for resilient economy'

'Bad loans main pain area for resilient economy'

Rediff.com25 Jun 2015

Managing expectations is a challenge for policymakers.