News for 'Letter of Credit'

Bank liable for fraudulent ATM withdrawal

Bank liable for fraudulent ATM withdrawal

Rediff.com1 Dec 2014

At times, banks violate all banking norms, resulting in a customer's accounts wiped clean through illegal ATM withdrawals.

'A man with a very large heart': Congress leaders remember Vajpayee

'A man with a very large heart': Congress leaders remember Vajpayee

Rediff.com17 Aug 2018

Offering his condolences to Vajpayee's family and admirers, Rahul Gandhi said the former prime minister was loved and respected by millions.

Media twisted my remarks: Gadkari's U-turn on leadership remark

Media twisted my remarks: Gadkari's U-turn on leadership remark

Rediff.com23 Dec 2018

The Union minister's assertion came in the backdrop of his "leadership should own up defeat" remarks made on Saturday, days after the BJP's defeat in the just-held assembly polls in Madhya Pradesh, Chhattisgarh and Rajasthan.

Call drop penalty to cost telcos Rs 200 cr per quarter, says Trai

Call drop penalty to cost telcos Rs 200 cr per quarter, says Trai

Rediff.com13 Nov 2015

Trai said the reports that compensation was not feasible were based on wrong inputs.

Mahinda Rajapaksa resigns as Sri Lanka's PM

Mahinda Rajapaksa resigns as Sri Lanka's PM

Rediff.com15 Dec 2018

Rajapaksa informed the lawmakers of United People's Freedom Alliance that he has resigned from the post.

How safe are your mobile wallets?

How safe are your mobile wallets?

Rediff.com26 Dec 2016

It is suggested that you get your SIM locked with which the wallet account is mapped.

The truth about Tipu Sultan

The truth about Tipu Sultan

Rediff.com14 Nov 2018

'Tipu Sultan was no doubt a valiant fighter who vigorously opposed the British, but that cannot mitigate the fact that he was also by all accounts a religious bigot -- a figure incompatible with modern secular times,' says Vivek Gumaste.

In Ooty, chai pe charcha to double tea export to Pak

In Ooty, chai pe charcha to double tea export to Pak

Rediff.com24 Sep 2016

At 235,000 tonnes per annum, Pakistan is the third largest importer of tea in the world as it can't grow tea because of adverse climate conditions. India supplies just about a tenth of tea imported the neighbouring country

You haven't fulfilled your promise: Anna tells Kejriwal on donors list

You haven't fulfilled your promise: Anna tells Kejriwal on donors list

Rediff.com25 Dec 2016

In a letter to Kejriwal, dated December 23, the veteran activist took a dig at the Delhi CM and said if change has to be brought into the system, then the leadership should "walk the talk".

We might have made some mistakes: Shah on migrants

We might have made some mistakes: Shah on migrants

Rediff.com8 Jun 2020

'We might have lacked somewhere but our commitment was absolute. We might have made mistakes and fallen short to some extent. We might not have done something but what did you do'

Net forex services make business travel lighter

Net forex services make business travel lighter

Rediff.com2 Sep 2006

Online foreign exchange facilities will help customers manage their cash better.

'Narsingh will go to Rio and return with gold'

'Narsingh will go to Rio and return with gold'

Rediff.com3 Aug 2016

'We have ensured that whatever he eats or drinks comes in a packaged form and is thoroughly checked.'

PNB scam: CBI seeks details of nostro transactions from 5 banks

PNB scam: CBI seeks details of nostro transactions from 5 banks

Rediff.com26 Feb 2018

The agency on Monday questioned three general managers of the Punjab National Bank who have handled the -International Banking Division and Treasury department of the bank, officials said without revealing their identity.

Goodbye over, govt looks at future plans

Goodbye over, govt looks at future plans

Rediff.com20 Jun 2016

With Raghuram Rajan not 'really there', the FinMin has decided to keep a watch on market developments this week with all key officials on the job.

PNB on 'negative watch' with Fitch, on downgrade review with Moody's

PNB on 'negative watch' with Fitch, on downgrade review with Moody's

Rediff.com20 Feb 2018

"Fitch Ratings has placed Punjab National Bank's (PNB) Viability Rating of 'bb' on Rating Watch Negative (RWN), following the large fraud reported by PNB," the US-based agency said in a statement.

RBI relaxes some import/forex rules

RBI relaxes some import/forex rules

Rediff.com14 Apr 2014

The Reserve Bank of India (RBI) has liberalised the procedure for facilitating the import of rough diamonds (termed roughs in the trade).

SL defence secy quits; PM says more attacks possible

SL defence secy quits; PM says more attacks possible

Rediff.com25 Apr 2019

Authorities also released photographs of six suspects, including three women, wanted for their involvement in the attacks and sought information regarding them from the public.

'Entrepreneurship in India is looked at with mistrust'

'Entrepreneurship in India is looked at with mistrust'

Rediff.com2 Aug 2019

'I don't think Siddhartha has done anything wrong. He has not managed his debt well. In any case, he is not the best example of the system going wrong or the system pushing him hard. I think on that particular day, he was depressed and took an impulsive decision. It will be unfair to blame the system.'

France coach Didier Deschamps on brink of history

France coach Didier Deschamps on brink of history

Rediff.com14 Jul 2018

Deschamps has proven both innovative and brave as coach, and is now one victory away from joining an elite club.

Sports shorts: First female referee to officiate at FIFA U-17 World Cup

Sports shorts: First female referee to officiate at FIFA U-17 World Cup

Rediff.com12 Oct 2017

Esther Staubli is set to become the first female referee to officiate a match at the ongoing FIFA Under-17 World Cup 2017.

HRD minister visits Hindu College to sort out fee waiver issue

HRD minister visits Hindu College to sort out fee waiver issue

Rediff.com2 Jun 2015

The Union HRD minister Smriti Irani visited Hindu college recently to sort the issue of non-extension of fee waiver for persons with disabilities.

Can Gandhi-less leadership reinvent Congress?

Can Gandhi-less leadership reinvent Congress?

Rediff.com4 Jul 2019

Some commentators said Gandhi's decision will augur well for a party that needs to reinvent itself and present a clear vision to again emerge as a credible alternative.

I-T dept net catches small transactions, too

I-T dept net catches small transactions, too

Rediff.com11 Jul 2013

Penalty can be levied at 100-300 per cent of the tax evaded, while tax is imposed at the highest rate of 30 per cent.

N K Singh quits JD-U, likely to join BJP

N K Singh quits JD-U, likely to join BJP

Rediff.com21 Mar 2014

N K Singh, a Janata Dal-United member of Parliament, quit the party on Friday amidst indications that he would join the Bharatiya Janata Party.

'Congress is more responsible for Ram mandir than BJP'

'Congress is more responsible for Ram mandir than BJP'

Rediff.com5 Aug 2020

'We all know that when the Babri Masjid was demolished, P V Narasimha Rao was prime minister.' 'He did not do anything to stop the demolition.'

Are politicians responsible for India's banking crisis?

Are politicians responsible for India's banking crisis?

Rediff.com25 Sep 2018

'As long as the government owns the banks, bankers will follow signals from politicians as to how to lend.' 'State-owned banks will remain State-owned banks as long as the current dispensation is in power -- and certainly there will be no change if the other chaps get in,' says Mihir S Sharma.

India calls off meeting with Pakistan in New York

India calls off meeting with Pakistan in New York

Rediff.com21 Sep 2018

In a statement, the MEA said, "The latest brutal killings of our security personnel by Pakistan-based entities and the recent release of a series of 20 postage stamps by Pakistan glorifying a terrorist and terrorism confirm that Pakistan will not mend its ways."

Berkshire Hathaway at 50: Buffett's amazing success mantras

Berkshire Hathaway at 50: Buffett's amazing success mantras

Rediff.com3 Mar 2015

Buffett's remembers his association with Munger that began in 1959.

24x7 electricity for all: Tightrope walk for govt

24x7 electricity for all: Tightrope walk for govt

Rediff.com23 Dec 2019

The agenda for the year 2020 is well laid out -- launch of UDAY 2.0, installation of smart pre-paid metres, prompt payment by discoms, making coal available for short term and reviving gas based plants. But, it has to ensure effective implementation of various policy tweaks done so far.

'STC did not supply foodgrains to Iraq'

'STC did not supply foodgrains to Iraq'

Rediff.com29 Oct 2005

India on Saturday said the state-run State Trading Corporation, which is among the 125 Indian companies alleged to have paid kickbacks to the Saddam Hussain government

CBI Director seeks details of corporates routing money abroad

CBI Director seeks details of corporates routing money abroad

Rediff.com19 Aug 2014

The modus operandi highlighted by CBI says that while the corporate strikes a deal for imports with a company in one country, the billing is done at inflated prices in other country by the group's front company.

RBI revises rules on reporting of bad loans

RBI revises rules on reporting of bad loans

Rediff.com22 Oct 2014

If a holiday, banks will have to report the details on the next working day.

Ban on deposit schemes may cut gold sales by 25%

Ban on deposit schemes may cut gold sales by 25%

Rediff.com10 Apr 2018

The Bill provides comprehensive legislation to prohibit unregulated deposits, with punishment for those promoting such schemes or defaulting on repayment.

RBI diktat on Uber could affect Google and Apple too

RBI diktat on Uber could affect Google and Apple too

Rediff.com24 Aug 2014

Such service providers were given time until the end of October to follow the law of the land.

FM to banks: Take commercial decisions without fear or favour

FM to banks: Take commercial decisions without fear or favour

Rediff.com11 Mar 2015

He advised banks to facilitate appropriate credit expansion.

PSU banks lost Rs 227 bn to frauds in 5 years

PSU banks lost Rs 227 bn to frauds in 5 years

Rediff.com15 Feb 2018

Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.

113 million Indians lost Rs 16k on average to cyber crime

113 million Indians lost Rs 16k on average to cyber crime

Rediff.com19 Nov 2015

The global study covered 17 countries.

4 ways to quit your role as a loan guarantor

4 ways to quit your role as a loan guarantor

Rediff.com6 May 2015

It is not very easy to wriggle out of your role as a guarantor in case the original borrower defaults. Nevertheless, you can still come out of the situation with your credit record intact.

DU sends proposal to UGC, admission process still on hold

DU sends proposal to UGC, admission process still on hold

Rediff.com26 Jun 2014

Ignoring UGC's directive to start the admission process for undergraduate courses Thursday morning, Delhi University on threw the ball back in the Commission's court by sending it a proposal suggested by academicians to resolve the issue.