News for 'House and Union Finance'

Tax sops for small I-T payers, hike in super-rich surcharge

Tax sops for small I-T payers, hike in super-rich surcharge

Rediff.com29 Feb 2016

The Budget has levied a pollution cess on petrol, diesel cars and SUVs and offered a one-time compliance window for domestic black money holders slapping a tax and penalty of 45 per cent.

Mr PM, the Bangladeshi taka is doing better than the rupee!

Mr PM, the Bangladeshi taka is doing better than the rupee!

Rediff.com6 Sep 2013

Based on the GDP numbers and the remarkable stability of the taka Bangladesh's Prime Minister, Sheikh Hasina, is a better manager than our 'economist prime minister',' says TVR Shenoy.

The Marie Antoinette of Indian politics

The Marie Antoinette of Indian politics

Rediff.com6 Jun 2020

'Everybody knows that any solution would upstage and expose official bungling.' 'That is something Mrs Sitharaman's masters will not allow.' 'No matter how high the cost in human misery, they will squander a fortune on the unnecessary Central Vista extravaganza,' notes Sunanda K Datta-Ray.

Valuation, low payout hit reverse mortgage

Valuation, low payout hit reverse mortgage

Rediff.com22 May 2008

In the last couple of years, reverse mortgage (RM) has been touted aggressively as a product that will allow the elderly to unlock the value of their house. In fact, in the last two Union Budgets, the finance minister has made a special mention about it.

Smart City project & key schemes set for launch next month

Smart City project & key schemes set for launch next month

Rediff.com29 May 2015

Smart city projects to be launched in June, other housing schemes to follow.

RSS arm says divestment of Air India, BPCL was 'uncalled for'

RSS arm says divestment of Air India, BPCL was 'uncalled for'

Rediff.com2 Dec 2019

In a resolution passed at its national assembly in Haridwar, the SJM said the Modi government's proposed strategic divestment of PSEs was an "imprudent business decision" and "against national interest".

6 key changes in tax rules and their impact

6 key changes in tax rules and their impact

Rediff.com6 Jul 2019

Pranay Bhatia offers insights on some key issues from Nirmala Sitharaman's maiden Budget.

Dalit bomb blows up BJP's election strategy

Dalit bomb blows up BJP's election strategy

Rediff.com21 Jul 2016

Series of controversies related to Dalit issues have come at a time when the BJP has launched a massive campaign to win back Uttar Pradesh.

Jayalalithaa is ignorant: Chidambaram

Jayalalithaa is ignorant: Chidambaram

Rediff.com22 Mar 2014

In a blistering counter attack against Tamil Nadu Chief Minister J Jayalalithaa a day after she questioned his victory in last polls and slammed his economic policies, Union Finance Minister P Chidambaram on Saturday accused her of making 'sweeping charges' ignorant of cases pending against herself.

Naidu as VP nominee balances north-south politics of NDA

Naidu as VP nominee balances north-south politics of NDA

Rediff.com18 Jul 2017

He has served BJP in several capacities, will also be a saviour for the NDA in the Rajya Sabha, where they are still in minority.

Punjab assembly unanimously passes bills against farm laws

Punjab assembly unanimously passes bills against farm laws

Rediff.com20 Oct 2020

The provisions exempt farmers from attachment of land up to 2.5 acres and provide for prevention of hoarding and black marketing of agricultural produce.

Under Stalin agriculture, environment get a new name; non-resident Tamils a new ministry

Under Stalin agriculture, environment get a new name; non-resident Tamils a new ministry

Rediff.com8 May 2021

Governor Banwarilal Purohit administered the oath of office and secrecy to 68-year old Stalin, for whom this would be the first stint as CM

Arun Jaitley, BJP's man for all seasons, passes away

Arun Jaitley, BJP's man for all seasons, passes away

Rediff.com24 Aug 2019

Jaitley will be cremated on Sunday afternoon at the Nigambodh Ghat, BJP leader Sudhanshu Mittal said.

Full Text: What Prez Obama said at the State of the Union Address

Full Text: What Prez Obama said at the State of the Union Address

Rediff.com29 Jan 2014

Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.

Budget: Is the old tax regime good for you?

Budget: Is the old tax regime good for you?

Rediff.com5 Feb 2020

In an online chat with Rediff.com readers, personal finance expert Anil Rego answered queries about the new tax regime announced in the Union Budget.

So what's keeping Modi's junior ministers busy?

So what's keeping Modi's junior ministers busy?

Rediff.com11 Feb 2015

Empowered in the Modi government, junior ministers have enough on their plate.

Modi to meet 15 global funds as India seeks investment to lift economy

Modi to meet 15 global funds as India seeks investment to lift economy

Rediff.com22 Oct 2020

The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country.

Mumbai: Relief for commuters as longest-ever BEST bus strike ends

Mumbai: Relief for commuters as longest-ever BEST bus strike ends

Rediff.com17 Jan 2019

The workers' union has accepted the '10-step' pay hike to be granted to them by way of an interim measure by the civic transport undertaking's management.

Income tax filing to be lot easier

Income tax filing to be lot easier

Rediff.com6 Jul 2019

Some of the policy measures announced are expected to go a long way in removing current challenges on financing faced by businesses and also increasing economic activity, especially in areas of construction and manufacturing.

GST woes: How Surat's powerloom industry is dying a slow death

GST woes: How Surat's powerloom industry is dying a slow death

Rediff.com21 Jul 2017

Surat houses more than 650,000 powerlooms. Of this, at least 60 per cent have been shut since a month, a loss of Rs 900 crore, finds out Vinay Umarji.

Ajay Piramal bets highly on infrastructure, realty

Ajay Piramal bets highly on infrastructure, realty

Rediff.com22 Oct 2015

Ajay Piramal bets highly on infrastructure, realty

Budget: Here's what the common man wants

Budget: Here's what the common man wants

Rediff.com9 Feb 2011

The Budget refers to the 'Annual Financial Statement', laid before both the Houses of Parliament (Lok Sabha and Rajya Sabha).

Are politicians responsible for India's banking crisis?

Are politicians responsible for India's banking crisis?

Rediff.com25 Sep 2018

'As long as the government owns the banks, bankers will follow signals from politicians as to how to lend.' 'State-owned banks will remain State-owned banks as long as the current dispensation is in power -- and certainly there will be no change if the other chaps get in,' says Mihir S Sharma.

Jaitley: 'First satyagrahi' against Emergency

Jaitley: 'First satyagrahi' against Emergency

Rediff.com24 Aug 2019

Jaitley gathered a group of people and burnt an effigy of then prime minister Indira Gandhi, making him, in his own words, the 'first satyagrahi' against the Emergency.

Will BJP's ally play spoilsport for its candidate in RS polls?

Will BJP's ally play spoilsport for its candidate in RS polls?

Rediff.com18 Mar 2018

While the BJP has the numbers to send its eight candidates to the Upper House, its ally, Suheldev Bhartiya Samaj Party, which has four MLAs in the 403-member UP assembly, holds key to the fate its ninth nominee.

The unholy nexus between politics and business

The unholy nexus between politics and business

Rediff.com27 Jun 2016

The recent revelations come six years after another round of tapes stole the limelight.

'Economic package is like an onion'

'Economic package is like an onion'

Rediff.com22 May 2020

'You peel one layer, then another layer, then another, but in the end, you will see that there is no onion inside.' 'This package has been packaged well, but there is nothing much inside the package!'

GoM on caste-based census to meet on Thursday

GoM on caste-based census to meet on Thursday

Rediff.com29 Jun 2010

The first meeting of the Group of Ministers on inclusion of caste categories in the census is likely to be held on July 1.

Centre may not accept UAE's Rs 700 crore relief for Kerala

Centre may not accept UAE's Rs 700 crore relief for Kerala

Rediff.com22 Aug 2018

Interestingly, PM Modi had thanked his UAE counterpart Sheikh Mohammed bin Rashid Al Maktoum for offering the support to the rain-battered state on August 18.

Budget: Anil Ambani, Birla keen to set up banks

Budget: Anil Ambani, Birla keen to set up banks

Rediff.com2 Feb 2011

India is considering allowing new private sector banks, including by industrial houses, and a roadmap for the same could be announced in the annual Union Budget to be presented later this month.

Budget could permit new private banks

Budget could permit new private banks

Rediff.com2 Feb 2011

India is considering allowing new private sector banks, including by industrial houses, and a roadmap for the same could be announced in the annual Union Budget to be presented later this month.

Ahead of winter session, govt calls all-party meeting today

Ahead of winter session, govt calls all-party meeting today

Rediff.com25 Nov 2015

Lok Sabha Speaker Sumitra Mahajan will also hold a meeting with leaders of all political parties on Wednesday evening to seek their cooperation in proper functioning of the House.

6.4 magnitude quake strikes Assam, 10 more follow

6.4 magnitude quake strikes Assam, 10 more follow

Rediff.com28 Apr 2021

The epicenter of the quake was Sonitpur and the quake occurred at 7.51 am at a depth of 17 kilometres, it said.

Sops for R&D in scientific, social sectors

Sops for R&D in scientific, social sectors

Rediff.com26 Feb 2010

The Union Budget 2010-11 presented by the Finance Minister Pranab Mukherjee in the Lok Sabha on Friday, provides boost to the research and development (R&D) activity across all sector of economy.

India's GDP to expand at 7.5% in 2017-18: Jaitley

India's GDP to expand at 7.5% in 2017-18: Jaitley

Rediff.com22 Apr 2017

India's growth, he said, remains resilient with low inflation, fiscal prudence and low current account deficit, talking about robust structural reform measures.

'Why does govt treat the people like enemies?'

'Why does govt treat the people like enemies?'

Rediff.com10 Dec 2020

'This (opposition to the project) is not just architects, but everyone needs to know more.' 'We need to be allowed to participate, maybe, you can ignore what we have to say, that's your decision.' 'At least follow the process.

Note ban, Rijiju controversy stall Parliament

Note ban, Rijiju controversy stall Parliament

Rediff.com14 Dec 2016

Rare unanimity was witnessed as the members passed the Rights of Persons with Disabilities Bill, 2014.

Vacant properties rebate may go

Vacant properties rebate may go

Rediff.com24 Jan 2007

As part of its plan to cut back on tax exemptions, the finance ministry may withdraw the 30 per cent rebate available on the total rental value of unoccupied properties in the forthcoming Union Budget.

Each NDA MP to forego Rs 91,699 of their salary

Each NDA MP to forego Rs 91,699 of their salary

Rediff.com5 Apr 2018

400 MPs of the ruling National Democratic Alliance would give up Rs 3.66 crore -- their salary for 23 days of the ongoing budget session that has been a virtual washout due to protests by the opposition.