News for 'House and Union Finance'

US to donate 1.6 cr vaccines to India and 17 other Asian nations

US to donate 1.6 cr vaccines to India and 17 other Asian nations

Rediff.com22 Jun 2021

Of the 4.10 crore to be shared through COVAX, 1.40 crore will go to Latin America and the Caribbean nations and 1.60 crore to Asia.

AIIMS fire: Hospital functional, patients shifted back to wards

AIIMS fire: Hospital functional, patients shifted back to wards

Rediff.com18 Aug 2019

The AIIMS administration has initiated an internal inquiry to look into the cause of the fire and further strengthen preventive measure.

Leaders pay rich tributes to Rakesh Jhunjhunwala

Leaders pay rich tributes to Rakesh Jhunjhunwala

Rediff.com14 Aug 2022

Jhunjhunwala passed away early on Sunday morning due to a cardiac arrest, a source in his newly set up airline said.

Punjab FM says state govt will challenge farm Bills in SC

Punjab FM says state govt will challenge farm Bills in SC

Rediff.com25 Sep 2020

The Congress leader told reporters that the Punjab government is 'preparing to challenge the Bills in the apex court on two counts'. "First, it is a state subject and the Union government has no right to enact a legislation on it. "Besides, the federal government cannot destroy the economy of states. Due to the Bills, losses will be too much for a small state like Punjab," he said.

Budget short on structural reform announcements: Fitch

Budget short on structural reform announcements: Fitch

Rediff.com2 Feb 2022

India's budget for the fiscal beginning April focuses on giving a boost to the ongoing economic recovery through a sharp increase in capex spending but is short on major growth-enhancing structural reform announcements, Fitch Ratings said Wednesday. The deficit targets present in the Union budget 2022-23 by Finance Minister Nirmala Sitharaman on Tuesday "are a bit higher than our forecasts when we affirmed India's 'BBB'/Negative sovereign rating in November," said Jeremy Zook, director and primary sovereign analyst for India, Fitch Ratings. While it was widely expected that the fiscal deficit will be lower than the targeted 6.8 per cent of the GDP in the current fiscal year ending March 31, 2022, Sitharaman put the number at 6.9 per cent.

Is my portfolio good?'

Is my portfolio good?'

Rediff.com31 Jan 2022

Ajit Mishra, vice president, research, Religare Broking, answers your queries.

Parliament disrupted over snooping law, Rafale row

Parliament disrupted over snooping law, Rafale row

Rediff.com21 Dec 2018

The two Houses would now meet on December 27 as there would be no sitting on December 24 and December 26 in view of Christmas.

SC directs Karti Chidambaram to appear before CBI on Aug 23

SC directs Karti Chidambaram to appear before CBI on Aug 23

Rediff.com18 Aug 2017

A bench comprising Chief Justice J S Khehar and Justice D Y Chandrachud allowed Karti to be accompanied by a lawyer at the CBI headquarters during the questioning.

Shinde Cabinet Has Fadnavis Stamp

Shinde Cabinet Has Fadnavis Stamp

Rediff.com10 Aug 2022

Most of the 40 MLAs in the Shinde camp don't have enough legislative experience to conduct business in the House and so the first ministry expansion needed induction of veterans.

'His eyes reach every person in the state'

'His eyes reach every person in the state'

Rediff.com25 Mar 2021

'If Pinarayi Vijayan gets another term, Kerala will be a state where everybody has a house.'

ED attaches Karti's assets worth Rs 54 crore in India, UK, Spain

ED attaches Karti's assets worth Rs 54 crore in India, UK, Spain

Rediff.com11 Oct 2018

The central probe agency issued a provisional order under the Prevention of Money Laundering Act for attachment of Indian assets in Kodaikanal and Ooty in Tamil Nadu and a flat in Delhi's Jorbagh. A cottage and house in Somerset in the UK and a tennis club located in Barcelona, Spain have also been attached as part of the same order, the agency said.

Corporate-run banks: Will depositors benefit?

Corporate-run banks: Will depositors benefit?

Rediff.com2 Dec 2020

The most common complaint of financial consumers is cumbersome processes, complicated products, usurious charges, and mis-selling of products, which finally don't deliver what is promised or as expect, notes Debashis Basu.

Opposition protests on snooping, other issues rock Rajya Sabha

Opposition protests on snooping, other issues rock Rajya Sabha

Rediff.com26 Jul 2021

Proceedings in Rajya Sabha were repeatedly disrupted on Monday before being called off for the day as opposition members protested on the alleged phone-tapping and other issues and demanded discussions on them in the House.

BJP hails Budget as 'Aatmanirbhar' push; Oppn says 'let-down like never before'

BJP hails Budget as 'Aatmanirbhar' push; Oppn says 'let-down like never before'

Rediff.com1 Feb 2021

The Union Budget on Monday evoked contrasting responses in the political arena with the ruling Bharatiya Janata Party hailing it as a vision for an 'Aatmanirbhar Bharat' and the Opposition describing it as a 'let down like never before' that was meant to 'deceive' people.

BJP hails budget; old wine in new bottle, says Cong

BJP hails budget; old wine in new bottle, says Cong

Rediff.com5 Jul 2019

In this year's budget, Finance Minister Nirmala Sitharaman hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.

Armed with populist Budget, govt stares at restricted fiscal room

Armed with populist Budget, govt stares at restricted fiscal room

Rediff.com24 Jan 2017

Government looking at cushioning slowdown due to demonetisation with sops and higher outlay for micro, small and medium enterprises, agriculture, and affordable housing.

Exclusive Jaitley's wife: 'Don't expect miracles from the Budget'

Exclusive Jaitley's wife: 'Don't expect miracles from the Budget'

Rediff.com9 Jul 2014

"In view of our economic condition, I expect bitter-sweet Budget. I think the Budget will be good for the country. It can be bitter but may be sweet, too," says Dolly Jaitley.

A Serendipitous Civil Service Career

A Serendipitous Civil Service Career

Rediff.com22 Dec 2022

Every twist and turn in KMC's civil service career is attributed to serendipity, an aptitude for making desirable discoveries by accident. He plays down his capabilities, which took him to the top of the civil service as the Cabinet Secretary or his misfortune in losing a daughter in her prime and suggests that his career was indeed serendipitous, observes Ambassador T P Sreenivasan.

Jaitley undergoes surgery in US, advised 2-week rest

Jaitley undergoes surgery in US, advised 2-week rest

Rediff.com23 Jan 2019

Jaitley is now a minister without portfolio in the Narendra Modi government.

Government mulls presenting Budget by Jan-end

Government mulls presenting Budget by Jan-end

Rediff.com22 Aug 2016

Also on the anvil is abolition of distinction between Plan and non-Plan expenditure and replacing it with capital and revenue expenditure

Fallout of PNB buying Audis for top bosses

Fallout of PNB buying Audis for top bosses

Rediff.com18 Jun 2020

The Centre has advised banks to make a 20 per cent reduction in expenditure related to non-core business activities, along with deferring "avoidable expenditure" on "purchase of staff cars", "refurbishment of guest houses" and on the interior decoration of administrative and back offices.

'DDCA scam': Delhi government appoints inquiry commission

'DDCA scam': Delhi government appoints inquiry commission

Rediff.com21 Dec 2015

The one-member commission of inquiry under former solicitor general Gopal Subramanium will probe the alleged irregularities in DDCA.

DDCA row: Arun Jaitley to sue Arvind Kejriwal, 5 other AAP leaders

DDCA row: Arun Jaitley to sue Arvind Kejriwal, 5 other AAP leaders

Rediff.com20 Dec 2015

Hitting back at Delhi Chief Minister Arvind Kejriwal for making "false and defamatory" statements against him, Union Finance Minister Arun Jaitley is slapping criminal and civil defamation cases against him and five other AAP leaders in Delhi courts on Monday.

Nitish, Lalu, Sushil: Bihar's Complex Triangle

Nitish, Lalu, Sushil: Bihar's Complex Triangle

Rediff.com3 Sep 2022

Today, a friendship forged by common ideals behind prison walls has become a transactional understanding, notes Aditi Phadnis.

When Modi thumped the desk once too often

When Modi thumped the desk once too often

Rediff.com1 Feb 2018

The prime minister was often seen vigorously thumping the desk, prompting his Cabinet colleagues and NDA MPs to follow suit.

Households must prepare for hefty rise in LPG prices

Households must prepare for hefty rise in LPG prices

Rediff.com22 Feb 2022

Finance Minister Nirmala Sitharaman cut fuel subsidies while slapping additional fuel taxes on unblended transport fuels in the latest Union Budget. The former will hit the rural poor, households that secured a subsidised LPG connection under the Pradhan Mantri Ujjwala Yojana (PMUY), a programme that was partly instrumental in helping the Bharatiya Janata Party (BJP) win the 2019 general elections. The latter will pretty much hurt the entire population after it kicks in from October. That's what it looks like. Or, perhaps, it's not as it appears to be, at least on the subsidy front.

PM to lead International Yoga day celebration at Ranchi

PM to lead International Yoga day celebration at Ranchi

Rediff.com20 Jun 2019

The Delhi Police has asked commuters to avoid Rajpath and its connecting roads on Friday morning as nearly 30,000 people are expected to throng the Red Fort on the occasion of International Day of Yoga, traffic officials said.

India's Approaching Democratic Crisis

India's Approaching Democratic Crisis

Rediff.com22 Nov 2021

India will either have to create a system in which certain geographical areas will wind up being permanent political outsiders at the Union level or it will have to create a system in which certain votes are weighted more heavily than others, observes Mihir S Sharma.

Triple talaq bill stalled in RS as govt, Oppn lock horns

Triple talaq bill stalled in RS as govt, Oppn lock horns

Rediff.com31 Dec 2018

Amid a stalemate between the government and the Opposition over the issue, the House failed to transact any significant business and was adjourned for the day.

Rahul, Mamata engage in war of words over Saradha scam

Rahul, Mamata engage in war of words over Saradha scam

Rediff.com19 Apr 2014

Barbs were on Saturday traded between Rahul Gandhi and Mamata Banerjee over the Saradha scam in West Bengal which defrauded lakhs, with the Congress vice-president accusing her government of inaction and the chief minister targeting P Chidamabaram.

Impeachment notice a 'revenge petition': Jaitley

Impeachment notice a 'revenge petition': Jaitley

Rediff.com20 Apr 2018

While Jaitley posted his hard-hitting response to the opposition's move in Facebook, BJP fielded its spokesperson Meenakshi Lekhi, who is also a lawyer, to take on the Congress.

Time to END Bank Nationalisation

Time to END Bank Nationalisation

Rediff.com30 Jul 2021

Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.

Did the FM even read Economic Survey, asks Chidambaram

Did the FM even read Economic Survey, asks Chidambaram

Rediff.com1 Feb 2020

Slamming the Budget, senior Congress leader P Chidambaram on Saturday said the Modi government was in complete denial that the economy faces a "grave macro economic challenge" and it has given up on reviving the economy, accelerating growth or creating jobs. There is nothing in the Budget that leads one to believe that growth will revive in 2020-21 and the claim of 6 to 6.5 per cent growth next year is "astonishing and even irresponsible", the former finance minister said at a press conference.

The Congress house is on fire... and it's spreading

The Congress house is on fire... and it's spreading

Rediff.com3 Feb 2015

The number of disgruntled leaders in the party is swelling.

India needs to spend $1.4 trillion on infra to become $5 trillion economy

India needs to spend $1.4 trillion on infra to become $5 trillion economy

Rediff.com31 Jan 2020

Investment in infrastructure was necessary for the economy, as power shortages, inadequate transport and poor connectivity affect overall growth performance, as per the Economic Survey 2019-20 tabled in Parliament by Union Finance and Corporate Affairs Minister Nirmala Sitharaman. "To achieve GDP of USD 5 trillion by 2024-25, India needs to spend about USD 1.4 trillion (Rs 100 lakh crore) over these years on infrastructure so that a lack of infrastructure does not become a constraint to growth," it said.

Nationwide strike hits banking services of PSBs on Day 1

Nationwide strike hits banking services of PSBs on Day 1

Rediff.com15 Mar 2021

Banking operations including cheque clearance across the country got affected on Monday as bankers under the aegis of the United Forum of Bank Unions have gone on a nationwide strike to protest against the proposed privatisation of two state-owned lenders.

Star-studded economic panel marks Stalin's break with past

Star-studded economic panel marks Stalin's break with past

Rediff.com22 Jun 2021

Chief Minister MK Stalin has shown that he is cut from a different cloth when it comes to embracing what is current, modern and absolutely necessary. Thus, even while retaining the spirit and content of the pan-Tamil, Dravidian socio-political and socio-economic ideology to the 't', his government has also acknowledged the need to accepting scientifically-proven facts in operational matters, says N Sathiya Moorthy.

'Goli maarna band karo': Cong reacts to Thakur in LS

'Goli maarna band karo': Cong reacts to Thakur in LS

Rediff.com3 Feb 2020

Belligerent Congress members, who were in the Well, shouted slogans against the minister and asked 'Aapka goli kaha hai (where is your bullet?)', an apparent reference to the minister's controversial remarks. Some members also shouted 'Goli maarna band karo (Stop shooting)'. Whenever Thakur was responding to supplementaries during the Question Hour, the members began sloganeering against him.

Jaitley suffering from kidney ailment, may undergo transplant

Jaitley suffering from kidney ailment, may undergo transplant

Rediff.com6 Apr 2018

'I am being treated for kidney related problems and certain infections that I have contracted,' he said in a tweet.

Fadnavis files nomination for Maharashtra polls

Fadnavis files nomination for Maharashtra polls

Rediff.com4 Oct 2019

Fadnavis, the first Bharatiya Janata Party chief minister of the state, filed his papers from the Nagpur South-West constituency.