News for 'International Finance Centre'

China listening, Jaishankar brings up territorial integrity at BRICS online meet

China listening, Jaishankar brings up territorial integrity at BRICS online meet

Rediff.com1 Jun 2021

The five-nation grouping BRICS on Tuesday resolved to combat terrorism in all its forms and manifestations, including the cross-border movement of terrorists, and vowed to step up joint efforts in building support for an India-backed global framework to effectively deal with the menace.

FPIs get relief as dividend tax kept at par with treaty rates

FPIs get relief as dividend tax kept at par with treaty rates

Rediff.com2 Feb 2021

'Rationalising TDS on dividends for FPIs to reduce it to treaty rates ranging from 5 to 15 per cent, depending on the country of residence of FPIs from current rate of 20 per cent will provide a big cash flow relief for FPIs.'

How Bhubaneswar will transform into a smart city

How Bhubaneswar will transform into a smart city

Rediff.com15 Jun 2016

IFC will act as a transaction advisor for the projects to be developed in the public-private partnership mode.

India must embrace Biden's B3W initiative

India must embrace Biden's B3W initiative

Rediff.com1 Jul 2021

Joe Biden's B3W proposal aims to bring democracies together. India should come up with its own plans to contribute to the initiative, states Rahul Mishra.

Biden's Taiwan Threat Rattles China

Biden's Taiwan Threat Rattles China

Rediff.com24 May 2022

Key to China's decision regarding Taiwan will be its leadership's assessment whether the US will come to Taiwan's defence, explains Jayadeva Ranade, the former senior RA&W officer and China expert.

Stalin Needs to Think Fast, Act Faster

Stalin Needs to Think Fast, Act Faster

Rediff.com4 Sep 2021

Good intentions and elaborate roadmaps apart, there is an urgent need for the Tamil Nadu chief minister to come up with branded schemes like MGR's meal scheme, asserts N Sathiya Moorthy.

Covid curbs push Airports Authority into loss for first time

Covid curbs push Airports Authority into loss for first time

Rediff.com19 Sep 2020

To counter the pandemic, air transport was suspended from March 25 till May 24 which rendered zero traffic at AAI airports. Even after resumption of flights, traffic is yet to pick up at airports due to quarantine measures implemented by states and an overall fear of flying.

Nations must ensure cryptocurrency does not end in wrong hands: PM

Nations must ensure cryptocurrency does not end in wrong hands: PM

Rediff.com18 Nov 2021

Modi cautioning that cryptocurrency can spoil the youth.

Thrills, spills and even a crash... HK Formula E racing had it all!

Thrills, spills and even a crash... HK Formula E racing had it all!

Rediff.com14 Mar 2019

A crash by another Formula E driver hits Mahindra Racing, the only team in the circuit, but this disappointment aside, the weekend was saw more action and thrills than a Hollywood blockbuster, says Rajesh Karkera/Rediff.com.

Govt all set to introduce Rs 20 coins

Govt all set to introduce Rs 20 coins

Rediff.com7 Mar 2019

The face of the new Rs 20 coin shall bear the 'Lion Capitol of Ashoka Pillar' with 'Satyameva Jayate' inscribed below.

China 'bigger threat to India' than Pakistan: Pawar

China 'bigger threat to India' than Pakistan: Pawar

Rediff.com12 Jul 2020

Asked about the clash between Chinese and Indian soldiers at Galwan Valley in Ladakh last month, Pawar said, "When I say there should be no politics over the issue, it is because we can attack them. But the entire country will have to pay a heavy price when there is retaliation to the attack."

Meet the 3 experts appointed by SC in Pegasus probe

Meet the 3 experts appointed by SC in Pegasus probe

Rediff.com27 Oct 2021

Three experts on cyber security, digital forensics, networks and hardware were roped in by the Supreme Court on Wednesday to "enquire, investigate and determine" whether Pegasus spyware was used for snooping on citizens and their probe would be monitored by former apex court judge R V Raveendran.

Lehman@10: Lessons India failed to learn from the crisis

Lehman@10: Lessons India failed to learn from the crisis

Rediff.com24 Sep 2018

Two successive reports, one by Percy Mistry in 2007 and the other by Raghuram Rajan in 2008 had provided the RBI and the finance ministry with blueprints of what to do next. Both reports, unfortunately, was put on ice. The global meltdown saved the RBI. It also saved the finance ministry from having to work on the two reports.

Despite likely budgetary cut, railways eyes biggest ever capex of Rs 1.7 tn

Despite likely budgetary cut, railways eyes biggest ever capex of Rs 1.7 tn

Rediff.com3 Jan 2019

The Centre is likely to cut budgetary support to the railways by around Rs 5,000-10,000 crore for 2018-19, out of the total budgeted GBS of Rs 53,060 crore. Due to this cut in GBS, the railways is likely to depend more on borrowings, asset monetisation, and internal generation to meet the capex target of Rs 1.465 trillion for the current year.

Pinarayi cabinet: K K Shailaja out, son-in-law in

Pinarayi cabinet: K K Shailaja out, son-in-law in

Rediff.com18 May 2021

CPI-M veteran Pinarayi Vijayan was elected its Parliamentary party leader, paving the way for his successive stint as chief minister of Kerala.

'On further stimulus, I've kept my options open'

'On further stimulus, I've kept my options open'

Rediff.com9 Oct 2020

'Prime Minister Modi stated several times that we shall not let this challenge go away without converting it into an opportunity to undertake systemic reforms.' 'And hasn't that been reiterated in action?'

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.

CPI to fight on 60 seats, declares 39 names for LS polls

CPI to fight on 60 seats, declares 39 names for LS polls

Rediff.com9 Mar 2014

Probodh Panda and Atul Kumar Anjaan are among 39 candidates declared by the Communist Party of India for the upcoming Lok Sabha polls as the party said that it would fight on 60 seats in 24 states.

Nirav Modi has been dethroned!

Nirav Modi has been dethroned!

Rediff.com2 Mar 2022

If there were an Olympics for bank frauds in India, Rishi Agarwal, founder and former chairman of ABG Shipyard Ltd, a nephew of the Ruia brothers of the Essar group, would bag the gold, pushing Nirav Modi to his right, says Tamal Bandyopadhyay.

Post-coronavirus GDP, Budget targets likely in July

Post-coronavirus GDP, Budget targets likely in July

Rediff.com27 Apr 2020

'The numbers are null and void now. Look, we can give out projections now, but we know that a week later those numbers will also be irrelevant. So we need to wait,' a top government official said.

Why Budget 2020 will be different

Why Budget 2020 will be different

Rediff.com1 Jan 2020

In fact, no other recent Union Budget has held so much significance for the Indian economy as the one to be presented in about six weeks from now, notes A K Bhattacharya.

Budget may open window for big-ticket foreign investments

Budget may open window for big-ticket foreign investments

Rediff.com26 Jan 2021

The Centre plans to create a special window for strategically important investors such as sovereign wealth funds and pension funds that wish to invest over Rs 3,000 crore through a single transaction.

'We want to usher in a new era in Indian banking'

'We want to usher in a new era in Indian banking'

Rediff.com24 Aug 2015

Bandhan Bank is the first bank to be launched in eastern India post Independence.

Grandson of 'Phantom of Bombay House' steps in at Shapoorji Pallonji group

Grandson of 'Phantom of Bombay House' steps in at Shapoorji Pallonji group

Rediff.com22 Sep 2016

Pallon has already joined the boards of some of the unlisted companies such as Afcons

Govt mulls easing NPA norms

Govt mulls easing NPA norms

Rediff.com18 Jan 2021

Move to increase 90-day window to 120 days to give more time to borrowers to service loans.

Budget, the other casualty of COVID-19

Budget, the other casualty of COVID-19

Rediff.com7 Apr 2020

'Even before the outbreak of the flu, it had become clear that the tax revenue numbers for 2019-2020 were overestimated,' observes A K Bhattacharya.

'Mumbai needs a CEO to become a global financial hub'

'Mumbai needs a CEO to become a global financial hub'

Rediff.com5 Dec 2014

There is a need to have a 'CEO for Mumbai' in order to realise the ambition of making it a global financial centre.

Climate Change: India Must Walk The Talk

Climate Change: India Must Walk The Talk

Rediff.com25 Nov 2021

India lost around 38.5 thousand hectares of tropical forest in the last decade. Nearly 14 per cent of the country's tree cover! It is one thing for Modi to announce that India will reach a net-zero level of emissions in 2070. But if it is serious, it needs to start today, points out Ramesh Menon.

'If you have too many girls, that's a problem'

'If you have too many girls, that's a problem'

Rediff.com28 Jun 2022

'If you don't have children, that's also a problem.' 'There's no right way to live because everybody has an opinion about your personal life, and how you should live.' 'You have to listen to them, unless you can pick a fight with everyone.'

States have capacity and must cut duty on petrol: NITI

States have capacity and must cut duty on petrol: NITI

Rediff.com24 May 2018

'It is important for states to agree 10-15 per cent duty cut and take home the same amount of tax revenue as budgeted.'

PSU banks had worst time in Dr Singh-Rajan tenure: FM

PSU banks had worst time in Dr Singh-Rajan tenure: FM

Rediff.com16 Oct 2019

"I'm taking a minute to respond... I do respect Raghuram Rajan as a great scholar who chose to be in the central bank in India at a time when the Indian economy was all buoyant," Sitharaman said during the lecture organised by the Deepak and Neera Raj Centre on Indian Economic Policies of the Columbia University.

Budget 2020: Will ATF, natural gas come under GST?

Budget 2020: Will ATF, natural gas come under GST?

Rediff.com5 Dec 2019

5 commodities namely crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) were kept out of GST's purview given the revenue dependence of state governments on these sectors.

Farmers up the ante, call for 'Bharat bandh' on Dec 8

Farmers up the ante, call for 'Bharat bandh' on Dec 8

Rediff.com5 Dec 2020

Addressing a press conference, farmer leader Gurnam Singh Chadoni said if the Centre does not accept their demands during Saturday's talks, they will intensify their agitation against the new farm laws.

Months after stampede, Army-built Elphinstone FoB opens to public

Months after stampede, Army-built Elphinstone FoB opens to public

Rediff.com27 Feb 2018

The FoBs were constructed by the Army Engineers in a record 117 days.

Do you know what a Fudget is?

Do you know what a Fudget is?

Rediff.com23 Jan 2019

'Will Mr Jaitley listen, or is that expecting too much in pre-election season?' asks T N Ninan.

Farmers reel under double whammy of drought and fund crunch

Farmers reel under double whammy of drought and fund crunch

Rediff.com19 Dec 2018

Many farmers in drought hit states are seeking MGNREGA work but the state government's coffers do not have enough fund to pay the salaries of these workers.

Why be afraid of businessmen owning banks?

Why be afraid of businessmen owning banks?

Rediff.com15 Dec 2020

Bad loans of PSBs are at Rs 20 trillion. Most of it is, I sense, due to corruption and behest lending. Nobody pays a price for this charade. Not the promoters, the bankers, RBI officials, finance ministry bureaucrats or politicians, points out Debashis Basu.

G-20 announces $5 trillion to deal with Covid crisis

G-20 announces $5 trillion to deal with Covid crisis

Rediff.com27 Mar 2020

The G-20 leaders under the chairmanship of Saudi Arabia's King Salman held an extraordinary video conference in which they resolved to use all available policy tools to minimise the economic and social damage from the pandemic that has killed over 21,000 people and infected more than 470,000 globally.

Jet pilots move SC seeking interim funding from SBI

Jet pilots move SC seeking interim funding from SBI

Rediff.com7 May 2019

The petition said that acts of the Centre and DGCA were highly prejudicial to employees of the company who have been waiting to get paid for the last five months and have been looking forward to the resolution in bid process.

Why all coronavirus cases in India are from Kerala

Why all coronavirus cases in India are from Kerala

Rediff.com5 Feb 2020

Wuhan has been a popular destination for Keralites and others as an educational hub with quality and affordable medical courses attracting overseas scholars.