News for 'Ministry of Financial Services'

WB, Maha R-Day tableau rejected; Oppn targets Centre

WB, Maha R-Day tableau rejected; Oppn targets Centre

Rediff.com2 Jan 2020

Twenty-two proposals comprising 16 states and Union Territories and six ministries and departments have been shortlisted for participation in the parade after a series of five meetings.

Pak plans permanent ban on Hafiz Saeed's JuD: Report

Pak plans permanent ban on Hafiz Saeed's JuD: Report

Rediff.com8 Apr 2018

The powerful military establishment, which enjoys considerable influence over policy decisions in Pakistan, was also on board to ban JuD and other terror groups.

Retail inflation jumps to 16-month high of 4.62% in October

Retail inflation jumps to 16-month high of 4.62% in October

Rediff.com13 Nov 2019

The inflation in the food basket spiked to 7.89 per cent in October 2019 as against 5.11 per cent the preceding month.

Aligarh Muslim University Needs Urgent Reforms!

Aligarh Muslim University Needs Urgent Reforms!

Rediff.com7 Mar 2023

Is it a divine, sacrosanct university, a holy cow, prohibiting human intervention?

Bank employees to go on strike on July 12-13

Bank employees to go on strike on July 12-13

Rediff.com10 Jul 2016

The unions have called for a strike against proposed closure of associate banks and their merger with the State Bank of India

Tax shortfall: Finmin asks banks to deposit March TDS by month end

Tax shortfall: Finmin asks banks to deposit March TDS by month end

Rediff.com29 Mar 2015

Tax shortfall: Finmin asks banks to deposit March TDS by month end.

South Africa's Gupta brothers arrested in Dubai

South Africa's Gupta brothers arrested in Dubai

Rediff.com7 Jun 2022

The Gupta brothers are accused in South Africa of using their relationship with former president Zuma to profit financially and influence senior appointments, charges that they have vehemently denied.

Rs 40,000 cr approved to deal with Covid: Govt to LS

Rs 40,000 cr approved to deal with Covid: Govt to LS

Rediff.com20 Jul 2021

Rai said as informed by the health ministry, the central government has been providing required technical and financial assistance to all states and Union Territories (UTs) for strengthening their healthcare system, including management of the COVID-19 public health challenge, from time to time, and the financial assistance to states and UTs is provided under the National Health Mission (NHM).

FDI equity inflows up 28% to $54.18 bn during Apr-Jan

FDI equity inflows up 28% to $54.18 bn during Apr-Jan

Rediff.com5 Apr 2021

FDI equity inflows into the country during April-January 2020-21 grew by 28 per cent to $54.18 billion, according to the Commerce and Industry Ministry data released on Monday. Foreign direct investment (FDI) inflows during April-January 2019-20 stood at $42.34 billion. Total FDI (which includes reinvested earnings) during the 10-month period in FY21 increased by 15 per cent to $72.12 billion over the year-ago period.

Why the team for Budget 2019 will be different

Why the team for Budget 2019 will be different

Rediff.com20 Nov 2018

Finance Secretary Hasmukh Adhia vacates his post on November 30 and Expenditure Secretary Ajay Narayan Jha, the second seniormost bureaucrat in the finance ministry, retires on January 31, the day before Jaitley presents the 2019-20 interim budget.

Why India Inc is unhappy with RBI's monetary policy

Why India Inc is unhappy with RBI's monetary policy

Rediff.com7 Jun 2016

Experts said a future rate cut would depend on the inflation.

Of dubious products & cautionary warnings

Of dubious products & cautionary warnings

Rediff.com30 Apr 2021

Are "dubious" new categories and "shady" new brands, financed and funded by avaricious investors trying to change the contours of the Indian marketplace forever, asks Sandeep Goyal?

Faceless scheme: Changes that revenue officers want

Faceless scheme: Changes that revenue officers want

Rediff.com2 Sep 2020

Some of the proposals include redrafting transfer and placement policy for IRS officers, strengthening the cadre restructuring, rebranding of IRS, robust deputation policy and creation of encadred post in other ministries and government department.

India Post calls to say you've got mail

India Post calls to say you've got mail

Rediff.com30 Mar 2020

Changing with the times and in compliance with social distancing norms, customers are now picking up their parcels, speed posts and registered letters within the city themselves after they are informed on phone.

BBC, Modi And The Sunak Factor

BBC, Modi And The Sunak Factor

Rediff.com27 Jan 2023

Keeping the contents of the BBC documentary aside, Rishi Sunak's response needs to be viewed in the backdrop of Britain's historically close relations with Pakistan, argues Lieutenant General Prakash Katoch (retd).

PFRDA chief Yogesh Agarwal quits

PFRDA chief Yogesh Agarwal quits

Rediff.com13 Nov 2013

Following his resignation, the Finance Ministry has appointed Joint Secretary Anup Wadhawan as Chairman of the PFRDA.

Family pensions upper ceiling raised from Rs 45,000 to Rs 1,25,000 per month

Family pensions upper ceiling raised from Rs 45,000 to Rs 1,25,000 per month

Rediff.com12 Feb 2021

"The amount of both the family pensions will now be restricted to Rs 1,25,000 per month, which is over two and half times higher than the earlier limit," said Singh, the Minister of State for Personnel.

Banks told to comply with ATM security norms: FinMin

Banks told to comply with ATM security norms: FinMin

Rediff.com28 Nov 2013

In the wake of the brutal assault on a woman in an unguarded ATM in Bangalore, the Finance Ministry said it has asked all banks to strictly follow the RBI's instructions on security at these outlets and comply with instructions issued by state governments.

Govt closely watching l'affaire Tata vs Mistry

Govt "closely watching" l'affaire Tata vs Mistry

Rediff.com28 Oct 2016

The government is keeping a "close watch" on the developments relating to the Tata-Mistry case, but does not want to "interfere" at present as it was an "internal matter" of a private group, Ministry of State for Corporate Affairs Arjun Ram Meghwal has said.

How Long Will GST Growth Continue?

How Long Will GST Growth Continue?

Rediff.com27 Oct 2022

It is now becoming increasingly clear that rising imports have played a significant role in sustaining the buoyancy in revenues from GST, notes A K Bhattacharya.

Explained: National Recruitment Agency

Explained: National Recruitment Agency

Rediff.com19 Aug 2020

The NRA will have representatives of IBPS, SSC and Indian Railways.

Air India may be unable to sustain operations

Air India may be unable to sustain operations

Rediff.com18 Dec 2019

Air India is seeking government approval to raise a Rs 2,000 crore loan and refinance $819 million aircraft debt, which would help tide over the financial crisis.

Jan Dhan scheme: Banks collect over Rs 3500 crore

Jan Dhan scheme: Banks collect over Rs 3500 crore

Rediff.com29 Sep 2014

Led by state-run banks, the system has opened over 5 crore (50 million) accounts under the Jan Dhan scheme as of September 25 and the deposits collected through the scheme have crossed Rs 3,500 crore, Financial Services Secretary GS Sandhu told the annual meeting of the Indo-American Chamber.

How govt plans to ensure PNB-style scams don't ever happen

How govt plans to ensure PNB-style scams don't ever happen

Rediff.com20 Feb 2018

Govt tells PSBs to integrate banking systems, rotate staff as a policy

FinMin cites 'green shoots' of recovery after policy measures

FinMin cites 'green shoots' of recovery after policy measures

Rediff.com23 Jun 2020

The finance ministry on Tuesday cited "green shoots" of recovery in agriculture, manufacturing and services sectors, and said the prompt policy measures taken by the government and RBI have helped reinvigorate the economy with minimal damage. Stating that the agricultural sector remains the foundation of the Indian economy, the ministry said that a normal monsoon, as has been forecast, should support the rebooting of economy.

India imposes restriction on public procurement from China

India imposes restriction on public procurement from China

Rediff.com24 Jul 2020

The Government of India amended the General Financial Rules 2017 to enable imposition of restrictions on bidders from countries which share a land border with India on grounds of defence of India, or matters directly or indirectly related thereto including national security, an official statement said.

Union seeks transport, police protection for bank staff

Union seeks transport, police protection for bank staff

Rediff.com29 Mar 2020

Anticipating a sudden and huge crowd in bank branches following the announcement of various measures by the government on Friday, the AIBEA said since the number of employees in bank branches are very few, the crowds can pose a big risk for the bank staff as well as for the customers who might be visiting in large numbers.

Vice chiefs get free hand to boost security at terror targets

Vice chiefs get free hand to boost security at terror targets

Rediff.com28 Jul 2017

"In an unprecedented move, the ministry of defence (MoD) has decided to delegate substantial financial powers to the Armed Forces for undertaking works for perimeter security of sensitive military installations," the ministry said in a statement.

Dear Nirmalaji: Concentrate on healthcare

Dear Nirmalaji: Concentrate on healthcare

Rediff.com30 Jan 2021

Jitendra Chouksey from Pune tells Rediff.com's A Ganesh Nadar what he would like to see in Finance Minister Nirmala Sitharaman's Budget.

Prasad, Tewari under a cloud over retainer service to Reliance

Prasad, Tewari under a cloud over retainer service to Reliance

Rediff.com19 Dec 2014

The Aam Aadmi Party has demanded the dismissal of Telecom Minister Ravi Shankar Prasad alleging a conflict of interest that has prevented him from issuing a notice to Mukesh Ambani's Reliance Jio on the 4G issue, a charge vehemently denied by Prasad who said he never gave advice or appeared for the company.

Banks Board Bureau cracks the whip on errant promoters

Banks Board Bureau cracks the whip on errant promoters

Rediff.com3 Aug 2016

In a proposal to FinMin, the Banks Board Bureau suggests asset sales to PSUs within a deadline to recover bad loans.

Shaktikanta Das impresses first RBI board meeting

Shaktikanta Das impresses first RBI board meeting

Rediff.com15 Dec 2018

'His (Das) approach to work seems that of working as a team with ease in communication.'

Investor-friendly railway framework soon: Minister

Investor-friendly railway framework soon: Minister

Rediff.com6 Dec 2014

Railway Board Chairman Arunendra Kumar said the discussions at the day-long meet involved an overview of five models of participative policy, framework of engineering, procurement and construction contracts and sectoral guidelines for foreign and domestic investment.

Is The Taliban Breaking Away From Pakistan?

Is The Taliban Breaking Away From Pakistan?

Rediff.com18 Jan 2022

The Taliban's main challenge comes on the financial and economic front and there Pakistan doesn't have the capacity to be of any meaningful help, observes Ambassador M K Bhadrakumar.

As Work From Home Deepens...

As Work From Home Deepens...

Rediff.com13 Jul 2021

... Are far-reaching social changes coming with it, asks Ajit Balakrishnan.

Cabinet nod for steps to boost liquidity in realty sector

Cabinet nod for steps to boost liquidity in realty sector

Rediff.com31 Aug 2016

The Cabinet, chaired by Prime Minister Narendra Modi, allowed contractors to move to the new, speedier arbitration process, approved the release of 75 per cent of the amount in dispute against bank guarantees and provided for a conciliation board comprising independent domain experts in new contracts.

Why PSBs put Rs 1-trn bad loans on sale

Why PSBs put Rs 1-trn bad loans on sale

Rediff.com24 Jan 2019

Bankruptcy proceedings are going at a slower pace than what the bankers had envisaged and many cases have gone beyond the 270-day timeline set under the IBC mainly because of litigation.

12 PSU banks to get Rs 48,239 crore funding from govt

12 PSU banks to get Rs 48,239 crore funding from govt

Rediff.com20 Feb 2019

Corporation Bank is the biggest beneficiary of this round of capital infusion with Rs 9,086 crore of funding, followed by Allahabad Bank with Rs 6,896 crore.

Finmin to form company to take over bad loans

Finmin to form company to take over bad loans

Rediff.com4 Jun 2014

The Finance Ministry is considering a proposal to set up a National Asset Management Company that may act as a nodal agency for taking over bad loans of banks and help revive sick units.

Barber shops, e-commerce allowed in orange, green zones: MHA

Barber shops, e-commerce allowed in orange, green zones: MHA

Rediff.com2 May 2020

The MHA on Friday, while extending the lockdown for two more weeks till May 17, lifted many restrictions in green and orange zones. There are no restrictions on sale of non-essential items by e-commerce platforms in green and orange zones, a home ministry spokesperson said, adding barber shops and salons are also allowed to open in these areas.