News for 'House and Union Finance'

'We will become a good welfare State if...'

'We will become a good welfare State if...'

Rediff.com29 May 2020

'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'

Punjab assembly passes resolution for transfer of Chandigarh, BJP walks out

Punjab assembly passes resolution for transfer of Chandigarh, BJP walks out

Rediff.com1 Apr 2022

In the past, the House has passed a number of resolutions urging the Central government to transfer Chandigarh to Punjab, Mann said.

Parliament's Budget session comes to an end

Parliament's Budget session comes to an end

Rediff.com25 Mar 2021

The session started on January 29 and was originally slated to end on April 8 but several members had urged Speaker Om Birla to end the session earlier as they focus on electioneering for the five assemblies.

Census unlikely to take place before 2024 Lok Sabha elections

Census unlikely to take place before 2024 Lok Sabha elections

Rediff.com16 Dec 2022

Although the Disaster Management Act for Covid containment measures, considered a hindrance in conducting the census, was withdrawn in March this year the Centre has not taken any further action on conducting the much-delayed population enumeration.

'Adani affair overshadowed Budget's stability, prudence'

'Adani affair overshadowed Budget's stability, prudence'

Rediff.com6 Feb 2023

'That is the one headline the world is reading about India this week, and it is a potentially damaging story...' 'I don't think a panic mentality has set in, but this story is one that investors and market watchers are absolutely seized with.'

DHFL shares may get delisted post acquisition by Piramal

DHFL shares may get delisted post acquisition by Piramal

Rediff.com7 Jun 2021

Debt-ridden mortgage firm DHFL's shares would be delisted from stock exchanges post acquisition by Piramal Capital and Housing Finance, which has emerged as the successful bidder for the company. As part of resolution process under the Insolvency and Bankruptcy Code (IBC), lenders led by Union Bank of India in January this year favoured the bid by Piramal Capital and Housing Finance to take over the beleaguered housing finance firm. According to sources, shares of DHFL would be delisted post acquisition as per the IBC guidelines and Sebi delisting norms.

No tax on income up to Rs 7 lakh, surcharge cut to 25%

No tax on income up to Rs 7 lakh, surcharge cut to 25%

Rediff.com1 Feb 2023

Finance Minister Nirmala Sitharaman in her fifth Union Budget made five major announcements for the income tax assesse. She announced no changes in the old tax regime and confined her relief measures to the new tax regime. There have been no changes under the old tax regime.

What to watch for in today's 4-state RS polls

What to watch for in today's 4-state RS polls

Rediff.com10 Jun 2022

Here is the lowdown of the each state and parties.

Is Stalin Slipping Up In A Poll Year?

Is Stalin Slipping Up In A Poll Year?

Rediff.com28 Apr 2023

ndependent of the political fallout, which Stalin has sought to arrest through the withdrawal of the measures as fast as they were introduced, there are concerns about the way those decisions came to be taken, without adequate application of mind, not in official terms but in political and electoral contexts, points out N Sathiya Moorthy.

'Problem is not with the Constitution'

'Problem is not with the Constitution'

Rediff.com11 Nov 2022

'The problem is with those who are entrusted with powers.'

'India has increased its hard power'

'India has increased its hard power'

Rediff.com18 Sep 2023

'It is commendable that India is able to persuade all sides.' 'It shows that India counts and finally, we are reaching a position where we can find a place in the sun at the global level.'

Budget: MGNREGA funds cut by 13%

Budget: MGNREGA funds cut by 13%

Rediff.com1 Feb 2020

Sources in the Rural Development Ministry said the actual expenditure incurred in 2020-21 will be higher than the allocated funds and it will at least be at par with this year's total estimated expenditure of MGNREGS.

BJP rolls out big guns to take on Congress over Parliament washout

BJP rolls out big guns to take on Congress over Parliament washout

Rediff.com20 Jul 2022

The government is ready for a debate in Parliament on price rise once Finance Minister Nirmala Sitharaman recovers from Covid-19, the Bharatiya Janata Party asserted on Wednesday and targeted Rahul Gandhi, saying he may be "unproductive politically" but should not hurt the legislature's productivity.

Bhupendra Patel takes oath as Gujarat CM, allots portfolios

Bhupendra Patel takes oath as Gujarat CM, allots portfolios

Rediff.com13 Dec 2022

Patel was administered the oath as the 18th chief minister by Governor Acharya Devvrat at a function held at the Helipad Ground near the new Secretariat.

Petrol price up Rs 36 a litre, diesel 26.58 in less than 18 months

Petrol price up Rs 36 a litre, diesel 26.58 in less than 18 months

Rediff.com23 Oct 2021

Petrol and diesel prices were hiked for the fourth consecutive day on Saturday by 35 paise per litre, pushing the total increase in rates on petrol to Rs 36 per litre and on diesel to Rs 26.58 since early May 2020 when taxes on the two fuels were raised to record levels. Petrol in Delhi now costs Rs 107.24 a litre and diesel comes for Rs 95.97, according to a price notification of state-owned fuel retailers. The latest increase that follows the unrelenting hike in international oil prices has pushed pump rates across the country to their highest-ever levels.

AAP seeks privilege motion against Jaitley for 'lying' in Parliament

AAP seeks privilege motion against Jaitley for 'lying' in Parliament

Rediff.com16 Dec 2015

Training guns on Jaitley, Ashutosh said the Union finance minister should come clean on the alleged irregularities in the Delhi and District Cricket Association.

Protests over price rise wash out Rajya Sabha proceedings

Protests over price rise wash out Rajya Sabha proceedings

Rediff.com4 Apr 2022

In the Upper House of Parliament, Chairman M Venkaiah Naidu did not allow adjournment notices moved by opposition members on the issue of price rise, prompting members of the Congress, the Trinamool Congress, the Left parties, the Dravida Munnetra Kazhagam, the Aam Aadmi Party, the Nationalist Congress Party, the Rashtriya Janata Dal and the Shiv Sena to create an uproar.

How right is it to use budget as tool to win polls, asks Sena

How right is it to use budget as tool to win polls, asks Sena

Rediff.com2 Feb 2021

Accusing the Centre of setting a new trend of playing "dirty politics" for votes through the budget, an editorial in Sena mouthpiece 'Saamana' said the allocation of more funds to poll-bound states is a kind of "bribery".

PSB Bull Run: Time For Govt To Reap Riches

PSB Bull Run: Time For Govt To Reap Riches

Rediff.com19 Jul 2023

Since March 31, 2022, the PSBs' market cap has risen 43.7 per cent, from Rs. 7.29 trillion to Rs. 10.47 trillion. It's time for the government, the majority owner of public sector banks, to reap the benefit of the rally in bank stocks, recommends Tamal Bandyopadhyay.

Manipur done; suspense continues over next Goa, U'khand CMs

Manipur done; suspense continues over next Goa, U'khand CMs

Rediff.com20 Mar 2022

Incumbents Pushkar Singh Dhami and Pramod Sawant are the clear favourites but face some opposition

Gift city to be part of this year's Union Budget

Gift city to be part of this year's Union Budget

Rediff.com4 Feb 2015

The Gujarat International Finance Tech-City, or Gift City, is expected to be spread over 886 acres and will have a special economic zone on 261 acres.

CBI seizes AgustaWestland helicopter from builder in DHFL scam

CBI seizes AgustaWestland helicopter from builder in DHFL scam

Rediff.com30 Jul 2022

The CBI has been carrying out searches at various locations for the past few days to locate assets acquired from the proceeds of the scam, officials said.

President gives nod to CrPC, merger of Delhi civic bodies bills

President gives nod to CrPC, merger of Delhi civic bodies bills

Rediff.com19 Apr 2022

The CrPC (Identification) Bill empowers the police to obtain physical and biological samples of convicts and those accused of crimes while the DMC (Amendment) Bill, 2022 seeks to unify the three civic bodies in the national capital.

Investors cheer Sitharaman's Budget; Sensex surges 848 points

Investors cheer Sitharaman's Budget; Sensex surges 848 points

Rediff.com1 Feb 2022

Tata Steel was the top gainer in the Sensex pack, zooming 7.57 per cent, followed by Sun Pharma, IndusInd Bank, L&T, ITC and HCL Tech.

'This will encourage states to go for their own monetisation programmes'

'This will encourage states to go for their own monetisation programmes'

Rediff.com30 Aug 2021

'They are also sitting on huge public sector assets without many returns.'

'Private Sector Is Not Firing At 100%'

'Private Sector Is Not Firing At 100%'

Rediff.com4 Feb 2023

'They have started becoming an important player, but not at the same level as they were in the earlier part of the decade.'

FinMin to kick-start Budget 2022-23 exercise on October 12

FinMin to kick-start Budget 2022-23 exercise on October 12

Rediff.com21 Sep 2021

The finance ministry will kick-start the exercise to prepare the Union Budget for financial year 2022-23 (FY23) from October 12, according to an official notification released on Monday. "The pre-Budget meetings as well as the meetings to discuss the revised estimates will start from October 12 and will continue till the second week of November," according to the Budget circular of the Department of Economic Affairs' Budget Division. The Union Budget is expected to be announced on February 1, as has been the practice of the past few years.

TN seeks special package of Rs 1K cr to address water crisis

TN seeks special package of Rs 1K cr to address water crisis

Rediff.com21 Jun 2019

The special package assistance would be used to augment irrigation structures in drought-prone areas to address the agrarian distress and drinking water crisis.

The Remarkable Life And Legacy Of Oommen Chandy

The Remarkable Life And Legacy Of Oommen Chandy

Rediff.com22 Jul 2023

'Oommen Chandy always had time for his people and valued their voices.' 'There was no rest for him as long as the betterment of his fellow citizens was at stake.' Ambassador Venu Rajamony, who knew the former Kerala chief minister for half a century, salutes a beloved leader who worked tirelessly for the welfare of its people.

Record 19 Oppn MPs suspended from RS for week after ruckus over price rise

Record 19 Oppn MPs suspended from RS for week after ruckus over price rise

Rediff.com26 Jul 2022

While seven of the suspended MPs belonged to the TMC, six were from the DMK, three from the Telangana Rashtra Samithi, two from the Communist Party of India-Marxist and one from the Communist Party of India.

Why Is Priyanka Running So Fast?

Why Is Priyanka Running So Fast?

Rediff.com13 Dec 2022

What some of our leaders were up to on Monday, December 12.

Jumbled seating 'new normal' as Parliament commences

Jumbled seating 'new normal' as Parliament commences

Rediff.com14 Sep 2020

While nearly 200 members were present in the Lok Sabha chamber, a little over 30 were seated in the visitors' gallery located above the main chamber.

Germany 'takes note' of Rahul's disqualification

Germany 'takes note' of Rahul's disqualification

Rediff.com30 Mar 2023

As Germany took note of Rahul Gandhi's disqualification from Lok Sabha, the Bharatiya Janata Party on Thursday accused the Congress of 'inviting foreign powers' for interference in India's internal matters and the Opposition party hit back, alleging that its rival was attempting to divert attention from the Adani issue.

Ambani charts succession plan; hands over telecom business to son Akash

Ambani charts succession plan; hands over telecom business to son Akash

Rediff.com28 Jun 2022

Mukesh Ambani has resigned from the board of his group's telecom arm, Reliance Jio and handed over the reins of the company to elder son Akash, a step seen as succession planning by the 65-year old billionaire. In a stock exchange filing, Reliance Jio Infocomm said the company's board at a meeting on June 27, "approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company." This comes after his father resigned with effect from close of working hours on June 27, it said.

Insurance companies yet to see fire sale of high-value life policies

Insurance companies yet to see fire sale of high-value life policies

Rediff.com8 Mar 2023

Many life insurance companies are yet to see a sharp spike in the sale of high-value policies as was widely expected in the aftermath of the government's decision to tax income from insurance policies having an aggregate premium above Rs 5 lakh in a year.

Rajya Sabha clocks 99.80% productivity in Budget Session

Rajya Sabha clocks 99.80% productivity in Budget Session

Rediff.com7 Apr 2022

This is the Upper House's third best productive session in the last 14 sessions since the Monsoon Session (243rd Session) of 2017, the Rajya Sabha officials said.

Poll star Sitharaman woos middle class, women with tax and savings sops

Poll star Sitharaman woos middle class, women with tax and savings sops

Rediff.com1 Feb 2023

Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.

States add 1.1 million families to un-electrified list

States add 1.1 million families to un-electrified list

Rediff.com29 Jun 2022

Two years after the Centre's flagship village electrification scheme Saubhagya concluded with the government claiming 99.9 per cent success, several states have added close to 1.1 million rural households that remain to be connected to the electricity grid. This new list includes earlier unwilling households that have now agreed to have a metered connection and also those built or discovered in the states' surveys since 2019. Assam and Uttar Pradesh are the states that have the majority of such new additions.

Don't pay workers wages during calamities, says House panel

Don't pay workers wages during calamities, says House panel

Rediff.com25 Apr 2020

Parliamentary standing committee on labour, led by Biju Janata Dal MP Bhartruhari Mahtab, has said in its report that it is unjustifiable for owners to pay workers' wages during natural calamities.

Modi alleging I did nothing for Assam not true: Manmohan

Modi alleging I did nothing for Assam not true: Manmohan

Rediff.com11 Apr 2016

"I don't want to be decided by the prime minister but he knows what he is saying is not true," Singh told reporters after casting his vote at Dispur Government High School in Guwahati.