News for 'Letter of Credit'

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.

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.

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."

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.

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.

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.

'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.'

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.

Golden tips to prevent debit card fraud

Golden tips to prevent debit card fraud

Rediff.com19 Nov 2014

Cardholders must ensure their debit cards are used in their presence.

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.

How Sachin Tendulkar helped a tribal village school in Bengal

How Sachin Tendulkar helped a tribal village school in Bengal

Rediff.com14 Jun 2016

To his die-hard cricket fans, Sachin Tendulkar is 'God', something a tribal village in West Bengal swears by after the Rajya Sabha MP intervened to fund the reconstruction of a 51-year-old neglected school.

Buffett's wit, humility, charm never fail to impress shareholders

Buffett's wit, humility, charm never fail to impress shareholders

Rediff.com5 Mar 2015

Berkshire Hathaway annual meetings are most awaited.

What awaits Urjit Patel in 3rd year as RBI governor

What awaits Urjit Patel in 3rd year as RBI governor

Rediff.com1 Sep 2018

Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.

PNB may be allowed to spread fraud losses over 4 quarters

PNB may be allowed to spread fraud losses over 4 quarters

Rediff.com28 Mar 2018

With the entire fraud amount becoming a non-performing asset, around 25 per cent of the bank's estimated net worth of Rs 40,000 crore could be affected.

No state honours during funeral, says Girish Karnad's family

No state honours during funeral, says Girish Karnad's family

Rediff.com10 Jun 2019

Karnad, a recipient of Jnanpith Award, was also conferred the Padma Shri in 1974 and the Padma Bhushan in 1992.

CBI quizzes top Kingfisher, UB officials for the 2nd day

CBI quizzes top Kingfisher, UB officials for the 2nd day

Rediff.com16 Mar 2016

While Raghunathan is a named accused in the CBI's case registered in October last year, Nedungadi had resigned recently from the post of CFO of the UB group.

'Govinda suggested the line Meri pant bhi sexy'

'Govinda suggested the line Meri pant bhi sexy'

Rediff.com18 Mar 2019

'The ladies, Maya Govind and Rani Malik, were criticised for writing sexist, crass or vulgar songs.'

Small bizmen drive economy, not large companies: Modi

Small bizmen drive economy, not large companies: Modi

Rediff.com9 Apr 2015

Prime Minister Modi has said it is their small units that drive the Indian economy.

How Indian banks are getting ready to avoid fraud, enhance security

How Indian banks are getting ready to avoid fraud, enhance security

Rediff.com23 Nov 2018

Experts say the recent Rs 14,000-crore PNB fraud could have been avoided had there been an integration of PNB's CBS with its SWIFT system

CCD's Siddhartha was a 'nice guy' CEO

CCD's Siddhartha was a 'nice guy' CEO

Rediff.com31 Jul 2019

A family man with two sons, who made it a point to attend all weddings and occasions in the community, Siddhartha is known by everyone as the quintessential 'nice guy' CEO -- never yelling, raising his voice or screaming at his employees, says Pavan Lall.

That's not the way we wanted it: Naidu on note ban

That's not the way we wanted it: Naidu on note ban

Rediff.com20 Dec 2016

"I am spending two hours daily to ease the problems caused by demonetisation. I am breaking my head daily but we are unable to find a solution to this problem," the CM said.

GoAir readies ambitious plans to boost growth

GoAir readies ambitious plans to boost growth

Rediff.com16 Jul 2018

The Wadia group-owned airline is building a new management team and putting in place strategies for efficient operations. Leading the change is Cornelis Vrieswijk, the airline's new chief executive officer.

Study abroad tips: How to crack your visa interview

Study abroad tips: How to crack your visa interview

Rediff.com12 May 2016

Provide necessary documents. Be calm and confident.

It's time to name and shame defaulters

It's time to name and shame defaulters

Rediff.com4 Dec 2018

Spare the serious entrepreneurs but don't allow the rogues to use the shield of secrecy, writes Tamal Spare the serious entrepreneurs but don't allow the rogues to use the shield of secrecy, says Tamal Bandyopadhyay.

Don't stop SIP till you need money!

Don't stop SIP till you need money!

Rediff.com20 Jan 2018

Despite uncertain times and market volatility ahead, investors should continue with their disciplined investing via SIPs.

As RBI chief Rajan retreats, his long-time nemesis advances

As RBI chief Rajan retreats, his long-time nemesis advances

Rediff.com21 Jun 2016

While he has plenty of critics at home, Rajan is a favourite among foreign investors and has been credited for bringing inflation under control.

'This government wants to make India a gambling den'

'This government wants to make India a gambling den'

Rediff.com14 Mar 2018

'We feel there is definitely something murky in the system.' 'Will anyone believe that Nirav Modi will go to a branch and bribe a low-level officer?' 'Just look at the people with whom he had moved around.'

We, not you, decide how best to serve our readers: CJR editor to Trump

We, not you, decide how best to serve our readers: CJR editor to Trump

Rediff.com18 Jan 2017

In the op-ed 'An open letter to Trump from the US press corps' published on Wednesday in CJR, Pope says that the relationship between the media and the President-elect are strained.

PDP-BJP coordination committee to meet in Jammu on Friday

PDP-BJP coordination committee to meet in Jammu on Friday

Rediff.com26 Mar 2015

The ruling Peoples Democratic Party-Bharatiya Janata Party coalition government in Jammu and Kashmir have formed a 10-member coordination committee to 'ensure that the agenda for the alliance is implemented within the defined timeframe and all the policy issues adhered to in letter and spirit'.

CBI registers case against Teesta Setalvad

CBI registers case against Teesta Setalvad

Rediff.com8 Jul 2015

The CBI on Wednesday registered a case against social activist Teesta Setalvad and her organisation for alleged violation of FCRA in recieving funds from abroad without taking prior permission from the home ministry.

ED seizes Rs 5,100cr assets of Nirav Modi, moves to revoke his passport

ED seizes Rs 5,100cr assets of Nirav Modi, moves to revoke his passport

Rediff.com15 Feb 2018

As many as 17 locations in Delhi, Mumbai, Hyderabad, Jaipur and Surat were raided by the ED.

RIL says new gas rates to be effective from April 1

RIL says new gas rates to be effective from April 1

Rediff.com9 Apr 2014

Last week, RIL and urea companies failed to settle the key terms of gas supply from April 1 upon expiry of the five-year contracts that priced gas from the eastern offshore KG-D6 fields at $4.205 per million British thermal units.

Nitish writes to Chidambaram to implement Rajan panel report

Nitish writes to Chidambaram to implement Rajan panel report

Rediff.com8 Oct 2013

In a letter to Union Finance Minister P Chidambaram, he said the proportional share between the Centre and the state in centrally sponsored schemes should be changed for the least developed states like the one existing for special category states now.

'Aadhaar is the best in class in terms of privacy protection'

'Aadhaar is the best in class in terms of privacy protection'

Rediff.com1 Apr 2016

Former chairman of the UIDAI Nandan Nilekani, elucidates how Aadhaar could become the spine for alternative banking and could replace government services with cash benefits.

GST: These 27 items just got cheaper!

GST: These 27 items just got cheaper!

Rediff.com6 Oct 2017

Small and medium enterprises had complained of tedious compliance burden under the Goods and Services Tax