'If the BJP detoxifies the nuclear liability law, it will bring economic, environmental and, most of all, strategic benefits.' 'Let's keep our fingers crossed and hope that this Budget promise is met soon -- ideally, before Mr Modi heads to his first meeting with Trump 2.0,' observes Shekhar Gupta.
'Bank has enabling provision to raise capital up to Rs 7,500 crore over a longer period of time.'
'Now we have one of the best asset qualities in the industry.'
Sebi on Wednesday revised the disclosure requirements for Real Estate Investment Trusts and Infrastructure Investment Trusts, revising norms related to financial information in offer documents and post-listing disclosures. Under the new rules, REITs and InvITs issuing offer documents or follow-on offers must disclose audited financial statements for the last three financial years and a stub period, if applicable, Sebi said in two separate circulars.
Regulator Irdai on Friday directed SBI Life Insurance Company to takeover the policy liabilities of around two lakh policies along with assets of Sahara India Life Insurance Co Ltd (SILIC) with immediate effect. The decision was taken at the meeting of the Insurance Regulatory and Development Authority of India (Irdai) in view of deteriorating financial health of the SILIC. "The Authority has identified SBI Life Insurance Company Limited (SBI Life), which is one of the largest life insurers in the country with satisfactory financials, as the acquirer insurer of the life insurance business of SlLIC.
Congress leader Rahul Gandhi on Friday accused External Affairs Minister S Jaishankar of "collapsing" India's foreign policy and questioned the government's handling of the recent tensions with Pakistan, particularly the US President Donald Trump's role as a mediator. Gandhi's remarks come amidst a war of words between the Congress and the ruling BJP over their leaders' statements on the Indo-Pak conflict.
rediffGURU Yogendra Arora answers readers' personal income tax queries.
'The brand, the team, and the people have to make the transition from playing league matches to Test matches.'
The Indian government has said that social media platform X will be held responsible for content generated by its artificial intelligence tool Grok. This comes after users on X asked Grok questions about Indian politicians and the AI platform responded with "unpalatable" answers. The government is currently in discussion with X to understand and assess how Grok works. The government has previously taken action against social media platforms for AI-generated content that has been deemed offensive. In this case, the government is considering holding X accountable for Grok's content, even though it is generated by an AI tool. The government's stance is likely to have implications for other social media platforms that use AI tools.
Reserve Bank governor Shaktikanta Das on Friday cautioned banks against any build-up of asset-liability mismatches, saying both are detrimental to financial stability and hinted that the ongoing crisis in the US banking system seems to have emanated from such mismatches. Delivering the annual KP Hormis (Federal Bank founder) commemorative lecture in Kochi this evening, the governor was quick to acknowledge and assure that the domestic financial sector is stable and the worst of inflation is behind us. Amid the continuing volatility in exchange rates, especially due to the excessive appreciation of the US dollar, and its impact on the external debt servicing ability of nations, Das said, "We have nothing to fear as our external debt is manageable and thus appreciation of the greenback does not pose any problem to us."
'His dismissal could backfire -- not just as a PR problem, but as a crack in the BJP's coalition of castes and communities.'
The Government Law College, Mumbai, is inviting applications for its one year part-time Diploma Course in Securities Laws 2025-26.
The increase reflects a quarter-on-quarter increase of 2.6 per cent in October-December 2022-23. In absolute terms, the total liabilities, including liabilities under the 'Public Account' of the government, jumped to Rs 1,50,95,970.8 crore at the end of December 2022.
AI isn't a magic wand. It works best when combined with good systems, informed investors, and skilled advisors, says Amit Suri.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
For every rupee in the government coffer, the biggest pie of 66 paise will come from direct and indirect taxes, according to the Union Budget 2025-26 documents. Around 24 paise will come from borrowings and other liabilities, 9 paise from non-tax revenue like divestment, and 1 paise from non-debt capital receipts, the Budget documents said.
US Vice President JD Vance called on India to drop non-tariff barriers, give greater access to its markets and buy more American energy products and military hardware. Vance, in a speech in Jaipur, highlighted the need for a stronger US-India partnership for a prosperous and peaceful 21st century. He emphasized the importance of working together to address global challenges and praised Prime Minister Narendra Modi, describing him as a "special person." Vance also urged India to provide greater market access to American products and buy more defense platforms and energy from the US. He suggested that India consider dropping some of the non-tariff barriers for American access to the Indian market and highlighted the benefits of closer India-US defense collaboration, advocating for New Delhi to procure more military hardware from the US. He cited the example of American fifth-generation F-35s, arguing they would give the Indian Air Force the ability to defend its airspace and protect its people like never before. Vance also welcomed the Modi government's budget announcement to amend India's civil nuclear liability laws, paving the way for US producers to export small modular reactors and build larger US-designed reactors in India. He emphasized the importance of energy security for India's AI ambitions, stating "there is no AI future without energy security and energy dominance." Vance's visit comes amid growing global concerns over the US's tariff war.
'Most tax notices arise not from wrongdoing, but from unintentional mismatch or ignorance.'
All that you must know about the pros and cons of gift deeds, tax implications, essentials, documents required, conditions, etc...
Handbags, wrist watches, footwear and sportswear, priced above Rs 10 lakh will now attract 1 per cent Tax Collected at Source (TCS), as per a notification issued by the Income Tax department. TCS at 1 per cent rate is currently being levied on motor vehicles costing above Rs 10 lakh effective January 1, 2025.
Deductions missed in Form 16 can still be claimed while filing ITR.
What does this mean for you? Ramalingam Kalirajan explains.
Markets regulator Sebi on Wednesday barred former CEO of IndusInd Bank, Sumant Kathpalia, and four other senior officials from accessing the securities markets in connection with an alleged insider trading in the bank's shares. In addition to the market ban, Sebi has impounded Rs 19.78 crore collectively from the five individuals, according to an interim order passed by the regulator.
rediffGURU T S Khurana answers readers' personal income tax queries.
Until now, salaried individuals having income under the head LTCG were required to file Form ITR-2.
Registering the agreement for sale remains the most reliable way for a homebuyer to secure their legal and financial interests.
These cases are being reopened under Section 147 of the Income Tax Act, which empowers the department to reassess income if it believes that taxable income has escaped assessment.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Delhi-based electric vehicle (EV) ride-hailing firm Evera Cabs, which grabbed headlines after acquiring 500 cars from the now-defunct cab service BluSmart, is stepping up its presence in the EV cab segment. The company is aiming for revenue of Rs 100 crore in the ongoing financial year (2025-26), up from Rs 18 crore in 2024-25.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Reserve Bank of India (RBI) Deputy Governor Swaminathan J criticised some non-banking financial companies (NBFCs) for lax loan appraisal practices and charging excessive interest rates, even as he acknowledged the sector's rapid expansion over the past decade, especially in recent years. "Unfortunately, some NBFCs seem to believe they can operate with weak underwriting in the pursuit of fast growth while levying excessive and unsustainable interest rates - sometimes disguised as upfront or processing fees - followed by aggressive recovery methods in case of default," Swaminathan said at the conference of NBFCs in Chennai last month.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Thirty-one of the 70 candidates elected to the eighth Delhi Assembly have declared criminal cases against their names, according to poll rights body ADR. The figure is lower than the 43 MLAs in the seventh assembly who had declared criminal cases. The Association for Democratic Reforms (ADR) and Delhi Election Watch, which analysed the affidavits submitted by all 699 candidates who contested the assembly elections, said the number of winning candidates with serious criminal cases remained a concern. The analysis found that 17 newly-elected candidates were facing serious criminal cases, including those related to attempted murder and crimes against women. The analysis also highlighted the growth in assets of re-elected MLAs. The 22 candidates re-elected to the House saw their average assets rise 25 per cent from Rs 7.04 crore in 2020 to Rs 8.83 crore in 2025.
The reality is that far from being friendless, India is better positioned in the world than at any point post-Cold War, asserts Shekhar Gupta.
According to a report by the Association for Democratic Reforms (ADR), Andhra Pradesh Chief Minister N Chandrababu Naidu is the richest chief minister in India with assets worth over Rs 931 crore, while West Bengal's Mamata Banerjee is the poorest with just Rs 15 lakh. The average asset per chief minister is Rs 52.59 crore, and the total assets of 31 chief ministers are worth Rs 1,630 crores. The report also highlights that 13 chief ministers have declared criminal cases against themselves, with 10 of them having declared serious criminal cases.
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
Bombay Shaving Company CEO Shantanu Deshpande highlights the alarming trend of people in their 40s losing their jobs, calling it a 'financial and emotional disaster.'
Absconding diamond jeweller Mehul Choksi has been detained in Belgium following an extradition request by Indian probe agencies for his alleged involvement in the Rs 13,000 crore PNB bank loan 'fraud' case, official sources said Monday. The action against the diamantaire was taken on Saturday.
The 56-year-old judge, enrolled as an advocate in 1992, was appointed as an additional judge of the Allahabad high court on October 13, 2014 and took oath as a permanent judge of that court on February 1, 2016.
