News for 'International Financial Reporting Standards'

Why Gujarat's 'GIFT' is doomed to fail

Why Gujarat's 'GIFT' is doomed to fail

Rediff.com15 Oct 2015

GIFT is a financial centre almost entirely devoid of bankers and, indeed, of people.

Allow banks to keep gold as part of liquidity reserves: WGC

Allow banks to keep gold as part of liquidity reserves: WGC

Rediff.com10 Dec 2014

Gold demand in India -- one of most avid purchasers -- is interwoven with culture, tradition, the desire for beauty and the desire for financial protection.

Football Extras: Chelsea legend Drogba to visit India to meet fans

Football Extras: Chelsea legend Drogba to visit India to meet fans

Rediff.com9 Nov 2018

News of all that's transpired on and off the football field

Lapses in banking system: Govt seeks RBI's views

Lapses in banking system: Govt seeks RBI's views

Rediff.com20 Feb 2018

In its letter, finance ministry has pointed to sections 35, 35A and 36 of the Banking Regulation Act, 1949, to highlight the powers and functions of the RBI as regulator

How states can avail extra borrowing from the markets

How states can avail extra borrowing from the markets

Rediff.com20 May 2020

These conditions are implementation of the 'One Nation, One Ration Card' scheme, ease of doing business, power sector reforms, and urban local body reforms.

India working with developing nations to push for climate deals

India working with developing nations to push for climate deals

Rediff.com9 Dec 2014

India working towards devising strategies to reduce global warming.

'Govt banks rarely take note of RBI directives'

'Govt banks rarely take note of RBI directives'

Rediff.com20 Jun 2018

'For years, the RBI has been warning banks on probable frauds in bank guarantees and advised them to exercise due care.' 'PSB staffers feel their jobs are secured, hence there is no need to be vigilant and exercise financial prudence.'

Why Railways' transformation plan has gone off-track

Why Railways' transformation plan has gone off-track

Rediff.com1 Aug 2019

There was a plan to increase the Railways' revenue by augmenting carrying capacity. This target has, however, become the source of a bitter battle between two ministries - the railways and steel - and provoked serious arguments over the "Make in India" programme.

How Robert Vadra's firm reaped a fortune with DLF deal

How Robert Vadra's firm reaped a fortune with DLF deal

Rediff.com10 Sep 2015

While giving approval to commercially develop land in Gurgaon, the Haryana government considered Robert Vadra's name and status as proof of his company's financial capacity.

ISIS terror funding: India meets global eco powers in Paris

ISIS terror funding: India meets global eco powers in Paris

Rediff.com13 Dec 2015

India along with major world economies is participating in the first-ever global meeting being held here to discuss and evolve mechanisms to combat the clandestine and largely undetected terrorist financing network of the Islamic State terror group.

Bankers take fright as UK vote count points to Brexit

Bankers take fright as UK vote count points to Brexit

Rediff.com24 Jun 2016

For investment bankers, a Brexit vote is more than just about volatile prices on a screen but also about where they may end up working and living.

'Drone attacks are an evolving threat'

'Drone attacks are an evolving threat'

Rediff.com23 Jul 2021

'India needs offensive and defensive security measures to protect itself.'

Sports Shorts: Harikrishna holds Vaganian in 1st round of Biel Chess Festival

Sports Shorts: Harikrishna holds Vaganian in 1st round of Biel Chess Festival

Rediff.com25 Jul 2017

A summary of sports events and sports persons, who made news on Tuesday

Fresh Panama Paper leaks: Accused deny allegations

Fresh Panama Paper leaks: Accused deny allegations

Rediff.com22 Jun 2018

The Panama Paper leaks were originally revealed by the International Consortium of Investigative Journalists on April 4, 2016, following which, the government had set up the MAG to probe the matter.

Business reforms: Gujarat ranks behind West Bengal

Business reforms: Gujarat ranks behind West Bengal

Rediff.com17 Sep 2020

While other states are becoming competitive, Gujarat, say experts is not paying enough attention to maintaining its own position in terms of business reforms.

Will drive-in theatres replace the multiplex?

Will drive-in theatres replace the multiplex?

Rediff.com22 Aug 2020

are in the process of building one at the Jio Center in Bandra Kurla Complex where the Maker Maxity building used to be. "This theatre will be on the top of the mall and should be able to accommodate 300 cars, and is expected to open sometime in January or February next year.

Global stressed asset players rethinking India

Global stressed asset players rethinking India

Rediff.com28 Jan 2019

The culture of these firms is alien to the Indian financial system. Distressed assets funds are known for their ruthless recovery ethics. Slicing and dicing a company and selling it on a piecemeal basis is their usual practice. This is something Indian banks are finding a little uncomfortable.

Soccer Extras: Sturridge banned, fined for breaching betting rules

Soccer Extras: Sturridge banned, fined for breaching betting rules

Rediff.com18 Jul 2019

News of all that's transpired on and off the football field

Why India is unlikely to see consistent growth

Why India is unlikely to see consistent growth

Rediff.com14 Jul 2017

The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.

Oil subsidy bill is nearly twice the year's budgeted estimate - with 6 months to go

Oil subsidy bill is nearly twice the year's budgeted estimate - with 6 months to go

Rediff.com13 Oct 2018

Senior policymakers say it is a tough task and the finance ministry may resort to the time-tested method of carrying forward part of the subsidy payment burden to the next fiscal year.

Shorts: Aus human rights body to probe gymnastics abuse complaints

Shorts: Aus human rights body to probe gymnastics abuse complaints

Rediff.com30 Jul 2020

Sports Awards could to be delayed: Ministry official

Nirmalaji, time has come to modernise Budgeting

Nirmalaji, time has come to modernise Budgeting

Rediff.com8 Jan 2020

'The finance minister in her Budget speech should spell out how exactly she intends to get back to the 7% track, and the hard decisions she intends to take in order to adjust to the realities of a slowing economy until growth momentum returns,' suggests T N Ninan.

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.'

Tatas' independent directors highest paid in industry

Tatas' independent directors highest paid in industry

Rediff.com12 Nov 2018

Five of the 10 best-paid independent directors belonged to the Tata group, followed by four from Reliance Industries and one from Wipro.

How F C Kohli and TCS conquered the world

How F C Kohli and TCS conquered the world

Rediff.com7 Dec 2020

Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.

City and Liverpool take EPL title to the wire

City and Liverpool take EPL title to the wire

Rediff.com26 Apr 2019

City are looking to retain the title they won in record-breaking fashion last year and secure their fourth Premier League crown in eight years.

All payments during IPL in SA in 2009 were legitimate: BCCI

All payments during IPL in SA in 2009 were legitimate: BCCI

Rediff.com21 Sep 2013

The Board of Control for Cricket in India on Saturday refuted allegations that it violated India's foreign exchange regulations while conducting the second edition of the Indian Premier League in South Africa in 2009, insisting that all the payments were "bona fide and legitimate".

PM Modi to address nation on Tuesday, last day of 3-week lockdown

PM Modi to address nation on Tuesday, last day of 3-week lockdown

Rediff.com13 Apr 2020

The prime minister is likely to talk about its possible extension.

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.

JNPT terminal, Petya's first victim in India

JNPT terminal, Petya's first victim in India

Rediff.com28 Jun 2017

AP Moller-Maersk, one of the affected entities globally, operates the Gateway Terminals India at JNPT.

Pak-based terror groups named in BRICS declaration for first time

Pak-based terror groups named in BRICS declaration for first time

Rediff.com4 Sep 2017

The BRICS also called upon all nations to adopt a comprehensive approach in combating terrorism including countering radicalisation and blocking terror financing sources.

WhatsApp leaks force Sebi to scale up war on insider trading

WhatsApp leaks force Sebi to scale up war on insider trading

Rediff.com7 Apr 2018

Strengthening of rules governing insider trading is among the key proposals in the agenda set by Sebi for 2018-19, along with making improvement to the Prohibition of Insider Trading Regulations (PIT) and Prohibition of Fraudulent and Unfair Trade Practices regulations.

'Coronavirus has taken us back 30, 40 years!'

'Coronavirus has taken us back 30, 40 years!'

Rediff.com22 Apr 2020

'It will be like this: If you use the window seat in the first row, next will be the aisle in the second row, to maintain social distancing.' 'So, two-thirds of the aircraft is not going to be used.'

Why US threats no longer perturb Pakistan

Why US threats no longer perturb Pakistan

Rediff.com22 Feb 2018

'If the US intention was to use the FATF platform to isolate Pakistan and impose sanctions against it, that is not going to work when influential countries such as Turkey, Iran, Saudi Arabia, China and Russia will not lend support to the US campaign,' says Ambassador M K Bhadrakumar.

Customs dept needs major technological overhaul: Tax panel

Customs dept needs major technological overhaul: Tax panel

Rediff.com28 Sep 2014

The Parthasarathy Shome committee gives its second reform report to finance ministry.

'Bad loans main pain area for resilient economy'

'Bad loans main pain area for resilient economy'

Rediff.com25 Jun 2015

Managing expectations is a challenge for policymakers.

Defence ministry, services squabble over cost of strengthening military bases

Defence ministry, services squabble over cost of strengthening military bases

Rediff.com13 May 2017

We sought Rs 2,000 crore from government to revamp security infrastructure at bases and installations. But it is yet to give a single rupee: Armed forces. The armed forces will have to spend money on revamping security infrastructure from funds allocated in defence budget: Defence ministry.

Jaitley should practise what he preaches

Jaitley should practise what he preaches

Rediff.com29 Jan 2019

'The government should refrain from 'adventurism' and 'megalomania'.' 'But this should be true of reckless government action against every Indian, whether or not they are wealthy or have access to the finance minister even when he is in hospital,' says Aakar Patel.

UNHCHR action on CAA is illegal, violates UN norms

UNHCHR action on CAA is illegal, violates UN norms

Rediff.com6 Mar 2020

Interestingly, India had objected to the establishment of a UNHCHR when it was proposed by the US at the Vienna Conference on Human Rights in July 1993 and the whole proposal was remitted to the General Assembly in New York because India and others said that the whole issue should be examined in detail, says Ambassador T P Sreenivasan, who had led the Indian delegation for negotiating the terms of the HCHR.

Forget Rs 200 crore, Adanis can only be fined Rs 1 lakh now

Forget Rs 200 crore, Adanis can only be fined Rs 1 lakh now

Rediff.com7 Jul 2016

In its final order, the environment ministry had concluded that the upfront payment of Rs 200 crore as Environment Restoration Fund for violations and damage done was not permitted under the Environment Protection Act. Consequent to this order, the penalty that could be imposed on any confirmation of violation in the future is a maximum of Rs 1 lakh.