News for 'International Finance Centre'

Govt profiteering off people's misery: Sonia on fuel prices

Govt profiteering off people's misery: Sonia on fuel prices

Rediff.com21 Feb 2021

The government has chosen to profiteer off people's misery and suffering, Gandhi said.

Phase-I trials of 2 Indian Covid vaccines reveal 'excellent safety': Govt

Phase-I trials of 2 Indian Covid vaccines reveal 'excellent safety': Govt

Rediff.com15 Sep 2020

Phase-I clinical trials have revealed "excellent safety" of the two candidate vaccines indigenously developed by Bharat Biotech in collaboration with Indian Council of Medical Research and Cadila Healthcare Ltd and their immunogenicity testing is now in progress, minister of state for health Ashwini Choubey informed the Rajya Sabha on Tuesday.

'Something sinister in Urjit Patel's exit'?

'Something sinister in Urjit Patel's exit'?

Rediff.com30 Dec 2018

'Urjit Patel was not quite the picture of courage, but even he turned, he had to turn.' 'Perhaps there is something that is far more sinister than what we are aware of, which is the reason for his resigation.'

Reliance Power commissions world's largest solar project

Reliance Power commissions world's largest solar project

Rediff.com12 Nov 2014

The project is the largest investment undertaken by any private sector entity in CSP in India.

How COVID-19 spoilt India's oil bonanza

How COVID-19 spoilt India's oil bonanza

Rediff.com1 May 2020

'The impact of COVID-19 on the economy has been so overwhelming that even a significant drop in global oil prices, which in normal times would have brought cheer, has posed new challenges for the government,' observes A K Bhattacharya.

The many battles that Amazon is fighting in India

The many battles that Amazon is fighting in India

Rediff.com8 Jul 2021

Among all the geographies where Amazon is fighting regulators, India is the only place where its lines are also tangled in a major corporate battle, this one with India's largest company by market capitalisation over the acquisition of Mumbai-based Future Group's retail chain, the country's second largest. No other corporate entity in any country offers a challenge to Amazon's hegemony in a way Reliance Industries does - and the final hearing of an arbitration case filed at the Singapore International Arbitration Centre between the two may decide at least some of these issues. This legal battle between one of the world's most powerful corporations and one of India's most powerful conglomerates could be complicated by a host of other developments.

GST rate will be much more diluted than 27%: Jaitley

GST rate will be much more diluted than 27%: Jaitley

Rediff.com6 May 2015

The final rate will be worked out by the GST Council, Finance Minister Arun Jaitley said on Wednesday.

Needed: Urgent solutions to defend India well!

Needed: Urgent solutions to defend India well!

Rediff.com13 Feb 2020

'While all would agree on the need to be ready to launch cross-border strikes on terror camps, there is sharp disagreement on how best to do it.' 'Through IAF fighters, or surface-to-surface missiles?' 'Or should army Special Forces be created to do the job?' 'If air strikes are the agreed priority, additional funding must be made available for the purchase of fighters and missiles.' 'If it is to be Special Forces, the army must be facilitated in raising a Special Forces Command,' notes Ajai Shukla.

Stunning images of London's Little Venice

Stunning images of London's Little Venice

Rediff.com6 Apr 2012

A part that is hidden from most visitors is London's Little Venice.

'A time bomb is ticking towards a fiscal crisis in states'

'A time bomb is ticking towards a fiscal crisis in states'

Rediff.com8 Aug 2016

An interview with Amit Mitra, the finance minister of West Bengal.

World's 10 freest economies, India lags behind

World's 10 freest economies, India lags behind

Rediff.com29 Jan 2015

Hong Kong is the world's freest economy according to the Index of Economic Freedom 2015.

Banking, auto shares steal the show as Sensex gains 580 points

Banking, auto shares steal the show as Sensex gains 580 points

Rediff.com2 Nov 2018

Investor sentiment got a big push after Brent crude, the international benchmark, dropped below the $73-mark to quote at a seven-month low of $72.65

Why Governor Dhankar is shooting darts at elected Mamata

Why Governor Dhankar is shooting darts at elected Mamata

Rediff.com4 May 2020

What makes Dhankar so outspoken? Could it because as governor he will be in the driver's seat if the Trinamool Congress performs below par in the elections next year? Shikha Shalini reports.

Parliament passes FCRA Amendment Bill

Parliament passes FCRA Amendment Bill

Rediff.com23 Sep 2020

Minister of State for Home Nityanand Rai said the legislation was not against any NGO and is an effort to maintain transparency. This amendment is in the interest of good NGOs which want to do good work in the country.

Yuan is the 3rd most powerful currency in the IMF basket, what next?

Yuan is the 3rd most powerful currency in the IMF basket, what next?

Rediff.com10 Dec 2015

For several years the Chinese authorities have been taking steps to internationalise the use of the yuan.

Mary Kom adds another feather to her illustrious hat

Mary Kom adds another feather to her illustrious hat

Rediff.com31 Oct 2019

Mary Kom will represent the Asian bloc in the group

GST revenue at Rs 92,283 cr gets a bumper start

GST revenue at Rs 92,283 cr gets a bumper start

Rediff.com29 Aug 2017

So far, 38.38 lakh taxpayers accounting for 64.42 per cent of the total businesses, who had registered in July, filed returns.

'Mumbai to be transformed in 10 years'

'Mumbai to be transformed in 10 years'

Rediff.com24 Apr 2007

Let me assure you that we will spare no efforts to ensure that quality of life in Mumbai is comparable to the best international cities, says Maharashtra chief minister.

The man who invested $2 bn in India

The man who invested $2 bn in India

Rediff.com2 Jun 2018

'In the end, investing is about people.' 'If you get the right people, they make things happen,' Mengistu Alemayehu tells Shyamal Majumdar.

India to get details of Swiss bank accounts from Sept 2018

India to get details of Swiss bank accounts from Sept 2018

Rediff.com23 Nov 2016

Switzerland will not share details about accounts held prior to September 2018.

Pakistan's devotion to LeT's Saeed runs deep

Pakistan's devotion to LeT's Saeed runs deep

Rediff.com13 Jan 2021

The perpetrators of the 2008 Mumbai attack, who shot dead 166 people, had confessed to details that should have been enough to hang him, but Pakistan enjoyed his anti-India rhetoric and let him spread his tentacles. A revealing excerpt from Khaled Ahmed's Pakistan's Terror Conundrum.

DHFL to open London office, provide loans to NRIs

DHFL to open London office, provide loans to NRIs

Rediff.com3 Apr 2008

The company has plans to open offices in the US, Singapore and other parts of West Asia such, such as Oman and Qatar in the next couple of years. "The NRI community is totally underserved. We want to tap the vast business potential arising from 2.5 crore (Rs 25 million) NRIs working abroad,'' said Kapil Wadhawan, vice chairman and managing director, DHFL.

Now, a competition to choose 100 smart cities

Now, a competition to choose 100 smart cities

Rediff.com30 Mar 2015

States to give choices, Centre to decide by year-end.

Chidambaram favours easing rules for airlines to fly abroad

Chidambaram favours easing rules for airlines to fly abroad

Rediff.com11 Oct 2013

Finance Minister P Chidambaram has supported Civil Aviation Minister Ajit Singh's suggestion on doing away with a rule that bars Indian carriers from flying abroad unless they complete five years of service and own a 20-aircraft fleet.

US BPO to tap Indian global firms

US BPO to tap Indian global firms

Rediff.com15 May 2008

Outsource Partners International, a business process outsourcing company that provides finance and accounting services to clients in the US and UK through offshore resource centres in India, plans to target Indian global firms to scale up business.

RBI to discuss issuance of sovereign bonds with govt: Das

RBI to discuss issuance of sovereign bonds with govt: Das

Rediff.com8 Jul 2019

Expressing his satisfaction over the government's move to slash fiscal deficit target, Das said it will help improve investment by the private sector as crowding out impact will be less.

Revealed: Modi's plans for the economy

Revealed: Modi's plans for the economy

Rediff.com3 Aug 2020

he government is examining a plan of bank recapitalisation and considering an urban version of MNREGS.

Covid-19 impact: Job scheme planned for urban poor, migrants

Covid-19 impact: Job scheme planned for urban poor, migrants

Rediff.com2 Aug 2020

The plan could mature into either an umbrella programme for urban youths similar to the Garib Kalyan Rozgaar Abhiyaan or a modified urban-focused version of MGNREGS.

Holidaying abroad? Here's your financial bucket list

Holidaying abroad? Here's your financial bucket list

Rediff.com17 Jul 2018

Want a stress free vacation? Amar Pandit tells you what you need to keep in mind.

Meet SBI's new boss

Meet SBI's new boss

Rediff.com15 Oct 2020

DDinesh Kumar Khara is someone who cares for others's ideas and suggestions.
If he takes the people along with him (which he always does); cares for the customers (80 per cent of SBI's new customers are in the 20-40 age group); and doesn't take his eyes off technology, his job is done, says Tamal Bandyopadhyay.

Amazon did not help when debt mounted amid lockdown: Future promoters

Amazon did not help when debt mounted amid lockdown: Future promoters

Rediff.com4 Jan 2021

Amazon provided mere "lip service" and failed to provide any help to the debt-laden Future Group as the retail major suffered massive setback amid the COVID-induced lockdown and faced possible insolvency or debt restructuring, Future Group's promoters said in a letter to the e-commerce giant. This is the first time Future Group promoters have written to Amazon after the parties were embroiled in a legal battle over the sale of Future's retail assets to Reliance Industries. The letter from the promoters, including Kishore Biyani, was written on December 31. It alleged that Amazon's actions "lacked good faith" during the March to August period, when the group's retail business was severely hit by the lockdown.

Mamata hits the streets in her fight against coronavirus

Mamata hits the streets in her fight against coronavirus

Rediff.com4 Apr 2020

'At this point of time, West Bengal is doing better than other states in tackling the crisis. We have a chief minister who herself has hit the streets to do what is to be done, and at the same time ensuring a proper lockdown. She is also trying day and night to set up the requisite infrastructure.'

PNB scam fallout: Govt plans bank-holding company

PNB scam fallout: Govt plans bank-holding company

Rediff.com26 Feb 2018

While the formation of a holding company will not outright privatise State-owned banks, officials believe it will help the Centre deflect criticism arising out of the latest banking scams.

GIFT City expects relief from the companies law

GIFT City expects relief from the companies law

Rediff.com2 Mar 2016

The GIFT City management is in talks with Hong Kong, London, and Singapore arbitration centres

Indian GP: Odisha athletes missing Rio berth prompts government action

Indian GP: Odisha athletes missing Rio berth prompts government action

Rediff.com27 Apr 2016

'The Centre should take the matter seriously and ensure creating an opportunity to Srabani Nanda and Amiya Mallick to participate in the Rio Olympics'

Eco Survey pegs GDP growth at 7% for current fiscal

Eco Survey pegs GDP growth at 7% for current fiscal

Rediff.com4 Jul 2019

The fiscal deficit, as per the survey, deteriorated to 5.8 per cent of the GDP as compared to 3.4 per cent for 2018-19 estimated in the interim Budget.

RBI to rejig financial year in line with government's

RBI to rejig financial year in line with government's

Rediff.com16 Feb 2020

Taking advantage of the RBI's different accounting year, the Centre had started demanding an interim dividend till the time the latter's final balance sheet is prepared (usually in August). To address this anomaly, an expert committee led by former RBI governor Bimal Jalan had recommended aligning the RBI's financial year with that of the government.

Can Modi dig India out of the COVID hole?

Can Modi dig India out of the COVID hole?

Rediff.com8 May 2020

'A balanced head plus heart approach would be a full opening up of the economy including manufacturing and internal travel in the country but excluding COVID-19 hotspots,' recommends Jaimini Bhagwati.

10 skills that really matter in the new normal

10 skills that really matter in the new normal

Rediff.com16 Sep 2020

Tech-driven skills will be in demand in the post pandemic era, alerts Sonya Hooja, COO and co-founder, Imarticus Learning.