News for 'International Finance Centre'

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.

'Rate hike will throw lot of people out from jobs'

'Rate hike will throw lot of people out from jobs'

Rediff.com23 May 2022

'Nobody is talking about the inequality that is going to come.'

NEP, 4-year undergrad programme gets DU's implementation approval

NEP, 4-year undergrad programme gets DU's implementation approval

Rediff.com1 Sep 2021

The implementation of the NEP and four-year undergraduate programme were approved by the Standing Committee on Academic Matters and the Academic Council last week.

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.

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.'

Who will buy Citi's consumer business?

Who will buy Citi's consumer business?

Rediff.com24 May 2021

The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay.

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.

'Hindu Rashtra won't keep India together'

'Hindu Rashtra won't keep India together'

Rediff.com26 Aug 2021

'Non-separation of religion from politics is India's most daunting challenge'

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.

Stalin Draws Up Line Of DMK Succession

Stalin Draws Up Line Of DMK Succession

Rediff.com14 Dec 2022

What does Udhayanidhi's induction as minister mean? For the DMK, it indicates the future course, direction and leadership. It is continuity with change, and change with continuity, points out N Sathiya Moorthy.

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.

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."

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.

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.

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.'

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.

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.

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.

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.

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.

'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?'

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, 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.

Gujarat, Himachal: BJP Faces AAP Challenge

Gujarat, Himachal: BJP Faces AAP Challenge

Rediff.com22 Mar 2022

AAP's presence in both states has complicated the contests for the BJP and its Congress rival.

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 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.

How difficult is it to do business in India?

How difficult is it to do business in India?

Rediff.com29 Oct 2013

Amid India slipping to 134th spot in the ease of doing business ranking of 189 nations, Planning Commission member Arun Maira on Tuesday said "merely making comparisons" is not enough to improve business conditions.

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.

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.

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.

How Mumbai can be transformed

How Mumbai can be transformed

Rediff.com23 May 2006

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.

IMF monitoring situation in India, bats for RBI's independence

IMF monitoring situation in India, bats for RBI's independence

Rediff.com2 Nov 2018

The IMF expressed its opposition to any move that compromises the independence of central banks anywhere in the world.

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.

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.

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.

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.

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.

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.

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.