News for 'Fiscal Responsibility'

Taxmen slap prosecution notice on Jet Airways for TDS defaults

Taxmen slap prosecution notice on Jet Airways for TDS defaults

Rediff.com12 Mar 2015

The airline has paid the TDS but mostly after the scheduled date.

AAP govt presents Rs 53,000 cr budget; thrust on green initiatives, health

AAP govt presents Rs 53,000 cr budget; thrust on green initiatives, health

Rediff.com22 Mar 2018

This is the first "Green budget" of the government for effective containment of pollution in the city, the deputy chief minister said in the budget session of the assembly in the presence of Chief Minister Arvind Kejriwal.

Will this RBI plan boost growth? Or dent it?

Will this RBI plan boost growth? Or dent it?

Rediff.com3 Mar 2020

'The assumed linear correlation between forced lower yields, higher bank borrowing from the RBI, higher lending, and higher growth involves leaps of faith, each a step on the quicksand of false beliefs,' warns Debashis Basu.

Air India to go for 'pay cuts' for staff from March

Air India to go for 'pay cuts' for staff from March

Rediff.com3 Feb 2015

Als0 looking to make its staff accountable for delay in operations

Good news! TCS plans to hire 5,000 more than initial target

Good news! TCS plans to hire 5,000 more than initial target

Rediff.com16 Oct 2013

After announcing the September quarter results on Tuesday which showed a 34 per cent increase in net profit to Rs 4,702 crore (Rs 47.02 billion), its chief executive officer and managaing director N Chandrasekaran had hinted at ramping up hiring for the fiscal.

Rupee is undervalued, says K V Kamath

Rupee is undervalued, says K V Kamath

Rediff.com14 Sep 2013

Kamath said India's economic climate had started improving.

Trump administration proposes massive $190 million cut in aid to Pak

Trump administration proposes massive $190 million cut in aid to Pak

Rediff.com24 May 2017

Last year, the US assistance to Pakistan was $534 million.

Why 2020 will be a year of labour reforms

Why 2020 will be a year of labour reforms

Rediff.com30 Dec 2019

As per the recommendations of the 2nd National Commission on Labour, the ministry is codifying existing 44 central labour laws into four codes by simplifying, amalgamating and rationalising the relevant provisions of the legislations.

An RBI governor, two finance ministers and a quiet war

An RBI governor, two finance ministers and a quiet war

Rediff.com30 Oct 2018

Duvvuri Subbarao recounts how his tensions with P Chidambaram and Pranab Mukherjee, then finance ministers, over monetary policy spilled over into other issues in the central bank in this excerpt from Who Moved My Interest Rate?, his memoir of his term as Reserve Bank of India governor.

Ambani's pipeline firm sees its losses zoom

Ambani's pipeline firm sees its losses zoom

Rediff.com4 Oct 2014

But earnings of main private holding firm get a booster dose from RIL dividend

Budget 2016: 6 takeaways, 1 lesson

Budget 2016: 6 takeaways, 1 lesson

Rediff.com16 Mar 2016

There are a couple of proposals, however, whose goals are not easily achievable.

How will you revive economy, Mr Modi?

How will you revive economy, Mr Modi?

Rediff.com19 Dec 2019

'Mere fundamentals will not do the trick,' cautions former commerce secretary Rahul Khullar.

Infosys Q4 net up 3.5%; revenue guidance below industry average

Infosys Q4 net up 3.5%; revenue guidance below industry average

Rediff.com24 Apr 2015

Infosys on Friday posted a 3.5 per cent rise in quarterly net profit, lagging analyst estimates.

India's COVID-19 toll rises to 169; total cases 5,865

India's COVID-19 toll rises to 169; total cases 5,865

Rediff.com9 Apr 2020

Of the 20 deaths reported in the last 24 hours, eight were from Maharashtra, three each from Gujarat and Madhya Pradesh, two from Jammu and Kashmir and one each from Punjab, Uttar Pradesh, Karnataka and Tamil Nadu.

More steps to rationalise subsidies on anvil: Jaitley

More steps to rationalise subsidies on anvil: Jaitley

Rediff.com6 Dec 2014

The Centre had set up a Commission under former Reserve Bank of India Governor Bimal Jalan to suggest steps to rationalise subsidy and help the government in effectively bringing down the fiscal deficit.

How best to tackle the 'US factor'

How best to tackle the 'US factor'

Rediff.com8 Jan 2018

In IT, the two-way flow of investments and intellect has been central to the growing linkage, which provides a great opportunity for both nations to improve the quality of life of their citizens, says Raman Roy.

For panchayats, financial freedom is a distant dream

For panchayats, financial freedom is a distant dream

Rediff.com10 Jun 2016

The Finance Commission has substantially increased the allocation of funds to panchayats, but a large part of it is apportioned by state governments.

Maharashtra farmers return to mandis

Maharashtra farmers return to mandis

Rediff.com13 Jun 2017

Onion supply in Nashik low but is expected to normalise in a couple of days

'TDP fell into YSR Congress' political trap'

'TDP fell into YSR Congress' political trap'

Rediff.com22 Mar 2018

'The TDP walking out of the NDA is a victory for the YSRCP.' 'The YSRCP wanted it to happen so that it would help them in coming elections.'

Maharashtra: The most favoured investment destination

Maharashtra: The most favoured investment destination

Rediff.com8 Jul 2016

If money allocations, investment commitments are a sign of better things to come, the state can be optimistic.

Minimum Government, did you say? :)

Minimum Government, did you say? :)

Rediff.com9 Nov 2017

'We are moving away from the Modi promise of less government,' says T N Ninan.

'RBI must intervene to reduce excess volatility in rupee'

'RBI must intervene to reduce excess volatility in rupee'

Rediff.com25 Sep 2018

'For the RBI, it is also strategic to allow the rupee to over-depreciate, then come and buy the rupee, and benefit from its appreciation. Speculators who have driven the rupee too low then make losses,' says Ashima Goyal.

Bombay Dyeing stitching together a new story

Bombay Dyeing stitching together a new story

Rediff.com9 Aug 2018

Bombay Dyeing is betting on creating a range of unique, customised textile products, a route that is largely unexplored by the home textiles players although several industry reports and consumer behavior studies have talked about the potential for personalisation.

No one in govt questioned offshore bonds issue: Garg

No one in govt questioned offshore bonds issue: Garg

Rediff.com26 Jul 2019

Refusing to link his seeking voluntary retirement, a year before his superannuation, to his transfer to the relatively low profile power ministry, he said that he had conveyed his decision to the Prime Minister's Office on July 18.

NBFC lending to real estate sector down 48% in FY19

NBFC lending to real estate sector down 48% in FY19

Rediff.com25 Jul 2019

this move by the government is likely to iron out the current challenges for the NBFCs and in turn help the real estate sector.

No hike in VAT rates in states

No hike in VAT rates in states

Rediff.com8 Apr 2008

An official panel on Tuesday ruled out any increase in value added tax (VAT) rates as part of a package to compensate states on account of revenue loss due to a one per cent cut in Central Sales Tax that was to have happened in the beginning of this fiscal.

India must enforce social distancing strictly

India must enforce social distancing strictly

Rediff.com25 Mar 2020

'India does not have the wherewithal to successfully manage a full blown covid-19 crisis,' warns Vivek Gumaste.

34 farmers, farm hands committed suicide every day in 2014

34 farmers, farm hands committed suicide every day in 2014

Rediff.com2 Dec 2015

34 farmers and farm labourers committed suicide on an average every day in 2014, reflecting the deepening agrarian distress in several parts of the country.

Reliance Money to break even by FY 08: CEO

Reliance Money to break even by FY 08: CEO

Rediff.com5 Jun 2007

Buoyed by tremendous consumer response and with banking on its huge roll-out plan, Anil Dhirubhai Ambani Group's brokerage and distribution arm Reliance Money expects to break-even by the end of the current fiscal.

One of the BIGGEST challenges facing the Yogi government

One of the BIGGEST challenges facing the Yogi government

Rediff.com27 Mar 2017

Those who like to draw comfort from the fact that UP is the country's third-largest state in terms of the size of its economy should also note that its growth rate is one of the lowest, its per capita income is almost half of the national average and its poverty rate at 30 per cent places it at the twentieth rank among all the states, says A K Bhattacharya.

RBI may hike key interest rates again

RBI may hike key interest rates again

Rediff.com23 Jun 2008

A spiralling inflation is likely to force the Reserve Bank of India to up the Cash Reserve Ratio by 0.75 per cent in FY 09, along with a 1 per cent hike in repo and reverse repo rates, global financial services major, StanChart said.

Sensex drops over 150 pts on weak IIP data

Sensex drops over 150 pts on weak IIP data

Rediff.com14 Jan 2019

The fall was led by L&T, IndusInd Bank, PowerGrid, NTPC, TCS, ICICI Bank, Axis Bank, Hero MotoCorp, Bharti Airtel and SBI, declining up to 2.64 per cent.

New GDP data: IMF comes to India's aid

New GDP data: IMF comes to India's aid

Rediff.com12 May 2015

the GDP estimates incorporate new source data and modified compilation techniques

Post DeMo, bank credit grows at over 10% in December

Post DeMo, bank credit grows at over 10% in December

Rediff.com4 Jan 2018

Loans, cash credits, and overdrafts at the end of December 22, 2017, stood at Rs 81,287.32 billion, against Rs 73,340 billion in the year-ago period.

IPO fundraising: A whopping Rs 25,500 crore in H1

IPO fundraising: A whopping Rs 25,500 crore in H1

Rediff.com3 Oct 2017

Highest-ever mobilisation in first half of any fiscal year; bankers expect the trend to continue, given strong pipeline

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.

G20 plans major investment initiatives in countries like India

G20 plans major investment initiatives in countries like India

Rediff.com17 Nov 2014

The G20 has cited India among other countries for launch of major investment initiatives and for having a sustainable growth.

Samara-Amazon bags Aditya Birla Group retail chain 'More'

Samara-Amazon bags Aditya Birla Group retail chain 'More'

Rediff.com20 Sep 2018

Amazon has also signed a term sheet with Kishore Biyani-led Future group to invest $600 million to $700 million for a 12 to 15 per cent stake in the retail giant, it is learnt.

Economy to boost market in long-term; rally poll-driven

Economy to boost market in long-term; rally poll-driven

Rediff.com3 Apr 2014

Though the outcome of the general elections will offer a short-term boost to the market, a sustained rally will be determined by the economic data, according to a JP Morgan Asset Management report.

4 areas that Modi govt should focus on in its '1st real Budget'

4 areas that Modi govt should focus on in its '1st real Budget'

Rediff.com12 Feb 2015

FM should avoid proposals such as to tax financial transactions and fringe benefits