News for 'Income Tax Tribunal'

What Went Wrong at Axis Mutual Fund

What Went Wrong at Axis Mutual Fund

Rediff.com24 May 2022

Following the money and freezing anything unaccounted is the only way to set an example for others, suggests Debashis Basu.

EC orders seizure of illegal weapons before polls in Assam

EC orders seizure of illegal weapons before polls in Assam

Rediff.com12 Mar 2014

The Election Commission of India has decided to seize both licensed and illegal weapons before the Lok Sabha election and will reject requests from political parties for change of poll dates because of festivals in Assam.

India is proficient in making laws but lax in enforcing them

India is proficient in making laws but lax in enforcing them

Rediff.com21 May 2015

Concluding the three-part series, Paranjoy Guha Thakurta says that the black money law is likely to fail because of the ineptness of India's investigative and enforcement agencies.

Banks will now be encouraged to extend long-term loans

Banks will now be encouraged to extend long-term loans

Rediff.com11 Jul 2014

Banks to be permitted to raise long-term funds for lending to infrastructure sector with minimum regulatory pre-emption such as CRR, SLR and Priority Sector Lending.

NCLT junks Mistry's plea against his removal from Tata Sons

NCLT junks Mistry's plea against his removal from Tata Sons

Rediff.com9 Jul 2018

NCLT in its judgement said: "The removal of Cyrus Mistry as executive chairperson was because the board lost confidence and not because they were contemplating that he would cause discomfort to Ratan Tata, N Soonawala and others.' "The Board is competent to remove an executive chairman. Mr Mistry's removal from the position of director came because he admittedly sent out company information to the I-T (department), press, and came out in public against the board and the trust."

Big leap for India in ease of doing business; rank improves to 77

Big leap for India in ease of doing business; rank improves to 77

Rediff.com31 Oct 2018

India improved its rank on six out of the 10 parameters relating to starting and doing business in a country.

In a first, SC collegium to upload its decisions on website

In a first, SC collegium to upload its decisions on website

Rediff.com6 Oct 2017

The decision was taken on October 3.

Videocon paid ICICI Bank dues worth Rs 1000 cr till Dec last year

Videocon paid ICICI Bank dues worth Rs 1000 cr till Dec last year

Rediff.com6 Apr 2018

NuPower will return loan with interest to consumer durables major by 2021

UPSC results declared, women bag top four slots

UPSC results declared, women bag top four slots

Rediff.com4 Jul 2015

Women candidates have bagged the three top slots in the prestigious Civil Services examination to select Indian Administrative Service and Indian Police Service officers among others.

India's Cairn and Unable Moment

India's Cairn and Unable Moment

Rediff.com28 Jul 2021

The Indian State does not believe in the rule of law. It does not even recognise the need to follow treaties that it itself signed. And so it is refusing to shell out to Cairn; and, as a consequence, has brought on the Paris humiliation, notes Mihir S Sharma.

Budget credit negative for state-run banks, says Moody's

Budget credit negative for state-run banks, says Moody's

Rediff.com1 Mar 2016

A roadmap for the consolidation of public sector banks will be outlined during the year.

Government faces flak over Finance Bill in Rajya Sabha

Government faces flak over Finance Bill in Rajya Sabha

Rediff.com27 Mar 2017

The Opposition on Monday charged the government with trying to promote crony capitalism, creating fear by giving "unbridled power" to taxmen, trying to snoop into people's lives through increased use of Aadhaar through the provisions of the Finance Bill.

Why banks and FIs are not using the brahmastra?

Why banks and FIs are not using the brahmastra?

Rediff.com25 Feb 2014

Conversion of outstandings into equity even partially should be a strict no-no says Chatered Accountant S Murlidharan

Govt notifies rules for asset valuation under black money law

Govt notifies rules for asset valuation under black money law

Rediff.com3 Jul 2015

The fair market value of an immovable property will be higher from the acquisition cost.

Return of the Licence Raj!

Return of the Licence Raj!

Rediff.com6 Mar 2018

Are we creeping back to controls on corporate decision making? Three moves over the past eight months reinforce this notion, says Kanika Datta.

Hits and misses from the last Budget

Hits and misses from the last Budget

Rediff.com1 Feb 2017

Five key capital market announcements from the previous Budget.

A verdict that could stall river linking project

A verdict that could stall river linking project

Rediff.com26 May 2017

Every river is a living person, argues Gopal Krishna on the basis of the recent Uttarakhand HC verdict.

Succession saga at Murugappa Group gets murkier

Succession saga at Murugappa Group gets murkier

Rediff.com11 Mar 2021

Valli Arunachalam had alleged that the group promoters have a gender bias against women getting into the family business and, hence, she and her sister were denied a berth on AIL's board.

Why Lalu's conviction is a defining moment in politics

Why Lalu's conviction is a defining moment in politics

Rediff.com30 Sep 2013

The only objective of the government's ordinance was to protect it's loyal ally, says BJP's Arun Jaitley

Pro-CAA remark puts Rajini in BJP's court

Pro-CAA remark puts Rajini in BJP's court

Rediff.com7 Feb 2020

While critics and protestors have multifarious arguments to offer, the defence of CAA has been uni-dimensional and uni-focussed as has been the case with most policies of the Modi government and the political positions of his party. But to be drawn into an issue that has assumed more than local and national dimensions, Rajini has knowingly or otherwise, taken the plunge and in favour of the BJP -- or, so it has come to be seen, says N Sathiya Moorthy.

The little-known company that's buying up distressed telcos

The little-known company that's buying up distressed telcos

Rediff.com24 Jan 2020

UV Asset Reconstruction Company Ltd has made the highest bid of Rs 16,000 crore to buy Anil Ambani group's Reliance Communications and Reliance Telecom, which are in the National Company Law Tribunal (NCLT). Last year it was the highest bidder for taking over Aircel's assets for an upfront payment of Rs 150 crore. Surajeet Das Gupta and Dev Chatterjee dig deeper to find out more about this little known company.

10 laws that changed how India does business

10 laws that changed how India does business

Rediff.com6 Jan 2020

Experts consider Sebi's takeover code in its present form to be on a par with any foreign code governing public mergers and acquisitions.

Nokia's young retirees face an uncertain future

Nokia's young retirees face an uncertain future

Rediff.com20 May 2014

The workers who were hired straight out of school as unskilled labourers are now struggling to find alternative employment because they lack skills.

7 big steps for Modi 2

7 big steps for Modi 2

Rediff.com30 May 2019

Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.

Scientists made scapegoats in Antrix Devas case: Madhavan Nair

Scientists made "scapegoats" in Antrix Devas case: Madhavan Nair

Rediff.com12 Aug 2016

Nair blamed the then United Progressive Alliance government for the "hasty" decision to cancel the agreement with Devas

If the financial year changes...

If the financial year changes...

Rediff.com15 May 2017

Businesses coming to terms with Ind-AS (Indian Accounting Standards) implementation, GST can do without further uncertainty and costs, say N Sundaresha Subramanian & Sudipto Dey.

Markets are fearlessly giving Modi the bad news about economy

Markets are fearlessly giving Modi the bad news about economy

Rediff.com16 Oct 2019

'If you ask India's finest business leaders, they now tell you -- in whispers, of course -- that the mood has never been so glum after 1991,' says Shekhar Gupta.

Visionary Budget but devil lies in the implementation

Visionary Budget but devil lies in the implementation

Rediff.com2 Mar 2015

The government has provided a long-term vision.

COVID: Pak bars international flights as cases up to 625

COVID: Pak bars international flights as cases up to 625

Rediff.com21 Mar 2020

The worst-affected Sindh province reported 90 new coronavirus cases, taking the provincial tally to 357. The new cases have been detected in pilgrims who returned from Iran and have been quarantined in Sukkur, according to a spokesperson for the Sindh health department.

Patanjali's Rs 4,000-cr loan: Another big headache for banks

Patanjali's Rs 4,000-cr loan: Another big headache for banks

Rediff.com6 Nov 2019

Despite sanctioning the loans, bankers are worried whether to disburse the loan because of absence of an investment grade rating.

'Farmers must get proper returns for labour, time, investment'

'Farmers must get proper returns for labour, time, investment'

Rediff.com20 Dec 2017

State Bank of India (SBI) chairman Rajnish Kumar, in conversation with Abhijit Lele, also says that the overhang of corporate debt stress will begin to recede in the next two-three quarters.

The IPO scam that changed India's primary market

The IPO scam that changed India's primary market

Rediff.com2 Aug 2016

Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed.

Is Vijay Mallya on the comeback trail?

Is Vijay Mallya on the comeback trail?

Rediff.com2 Jun 2015

After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company

Sebi toughens norms for managing liquid MFs

Sebi toughens norms for managing liquid MFs

Rediff.com3 Mar 2019

To make sure liquid schemes reflect the underlying portfolio risks, Sebi has said all debt papers with maturity of 30 days or more to be marked to market. Earlier, fund houses didn't have to do so for securities that had less than 60-day maturity.

Of Welspun, Cyprus and the FEMA conundrum

Of Welspun, Cyprus and the FEMA conundrum

Rediff.com9 Mar 2015

The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.

When India got her first female Supreme Court judge

When India got her first female Supreme Court judge

Rediff.com8 Mar 2017

It was in 1989, 39 years after the setting up of the Supreme Court in 1950, that Justice M Fathima Beevi was appointed. Meet the brilliant legal minds who have shattered the glass ceiling since then.

Indian F1 Grand Prix set to return in 2016

Indian F1 Grand Prix set to return in 2016

Rediff.com19 Nov 2014

The Indian Formula One Grand Prix is expected to return in 2016 as a "fruitful" meeting between F1 boss Bernie Ecclestone and race promoters has prepared the ground for the comeback of the high-profile event.

'The PM will have to answer questions about Nirav Modi'

'The PM will have to answer questions about Nirav Modi'

Rediff.com18 Feb 2018

With months to go for the Karnataka assembly elections, the man in the hot seat, Chief Minister Siddaramaiah says he'll make billionaire jeweller Nirav Modi and the Punjab National Bank scam an issue in the upcoming Karnataka elections . In an interview to CNN-News18's Deepa Balakrishnan, the CM also says that Hindutva is not a campaign issue in the state.

Can the judiciary also reflect please?

Can the judiciary also reflect please?

Rediff.com26 Nov 2015

The nullifying of the NJAC Act has put the spotlight on the Judiciary. Concepts like transparency, being open to change, leading from front, management of perceptions that were reserved for the Executive earlier are now relevant for the Judiciary as well, says Sanjeev Nayyar.

3 major reasons behind the fall of Anil Ambani's RCom

3 major reasons behind the fall of Anil Ambani's RCom

Rediff.com7 Feb 2019

Mukesh Ambani's Jio, high debt and some bad decisions drove RCom to its grave.