News for 'Ministry of Financial Services'

Government plans cyber security cess on e-payment cos

Government plans cyber security cess on e-payment cos

Rediff.com17 Oct 2017

Experts believe that the government needs more innovative ways to secure the cyber space in the country and a cess is more like a punishment which would not help in the long run.

Shah, Sitharaman stand tall among ministers

Shah, Sitharaman stand tall among ministers

Rediff.com22 Jul 2021

Strengthening the portfolios of the home minister and the finance minister is a message that should not be missed, points out A K Bhattacharya.

IAF releases details of recruitment plan under Agnipath scheme

IAF releases details of recruitment plan under Agnipath scheme

Rediff.com19 Jun 2022

Agniveers once enrolled into the Indian Air Force, will be governed under the Air Force Act 1950, for a period of four years.

WPI inflation in July slips to 25-month low of 1.08%

WPI inflation in July slips to 25-month low of 1.08%

Rediff.com14 Aug 2019

Inflation in food articles, fuel and power contracted in July.

Will a cess on services make Swachh Bharat a success?

Will a cess on services make Swachh Bharat a success?

Rediff.com24 Nov 2015

The intial round of efforts did not achieve the objectives fully.

Why TN Has Challenged NEET in Supreme Court

Why TN Has Challenged NEET in Supreme Court

Rediff.com22 Feb 2023

As the petition points out, new medical colleges entail adjunct government hospitals, thus making specialised medical care that much more accessible to the vast majority of population that otherwise could not afford high-cost medical care in the private sector, N Sathiya Moorthy points out.

At 7.8%, RBI's 2022-23 GDP growth projection lower than Economic Survey's

At 7.8%, RBI's 2022-23 GDP growth projection lower than Economic Survey's

Rediff.com10 Feb 2022

The Reserve Bank's growth projection for next financial year is lower than 8-8.5 per cent projected by the finance ministry in the recent Economic Survey which was tabled in Parliament on January 31. Unveiling the bi-monthly policy, RBI governor Shaktikanta Das said, "Recovery in domestic economic activity is yet to be broad-based, as private consumption and contact-intensive services remain below pre-pandemic levels."

Nitin Gadkari's mega plan for small biz

Nitin Gadkari's mega plan for small biz

Rediff.com3 Sep 2019

The plan includes step-wise expansion of a crucial credit guarantee net, establishment of an unprecedented number of functional clusters and increased government procurement from MSMEs.

LAC row: India to stock weapons, ammo for 15-day intense war

LAC row: India to stock weapons, ammo for 15-day intense war

Rediff.com13 Dec 2020

The authorisation to increase the weapon and ammunition reserves to minimum 15-I levels from the earlier existing 10-day stocking is to prepare the defence forces for a two-front war with both China and Pakistan.

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.

Shift from EPS would hurt retirement kitty

Shift from EPS would hurt retirement kitty

Rediff.com8 Aug 2013

Despite the equity booster, many would be uncomfortable about NPS.

Rlys to run more local trains in Mumbai from today

Rlys to run more local trains in Mumbai from today

Rediff.com1 Jul 2020

The trains will, however, only carry essential services personnel identified by the State government.

What will the new RBI guv focus on Dec 14 meet?

What will the new RBI guv focus on Dec 14 meet?

Rediff.com13 Dec 2018

The Centre's proposal to call for governance reform in the RBI could, however, take a back seat, a source privy to the development said.

Time to END Bank Nationalisation

Time to END Bank Nationalisation

Rediff.com30 Jul 2021

Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.

PM meets Chinese counterpart; discusses bilateral ties

PM meets Chinese counterpart; discusses bilateral ties

Rediff.com21 Nov 2015

"The bilaterals amidst the multilateral. PM @narendramodi meets Premier Li Kequiang of China for first engagement," External Affairs Ministry Spokesman Vikas Swarup tweeted.

Retail inflation eases to 5.91% in March

Retail inflation eases to 5.91% in March

Rediff.com13 Apr 2020

The retail inflation, which is factored in by the RBI to arrive at its monetary policy, has been on decline since last month. The previous low was 5.54 per cent in November 2019. The government has asked the RBI to restrict the inflation around 4 per cent, with a margin of 2 per cent on the either side.

MoD simplifies def procurement, Army HQ gets more power

MoD simplifies def procurement, Army HQ gets more power

Rediff.com22 May 2018

The significant changes include devolution of powers within the ministry and the service headquarters and concurrent running of the acquisition process.

In These Homes, It Is Har Din Tiranga

In These Homes, It Is Har Din Tiranga

Rediff.com24 Aug 2022

On a mission to visit the families of soldiers who have died in action, Vikas Manhas has met over 1,000 families whose loved ones made the supreme sacrifice for the country.

Why Raghuram Rajan Raced At RBI

Why Raghuram Rajan Raced At RBI

Rediff.com13 Jan 2023

The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.

PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10

PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10

Rediff.com14 Feb 2018

While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.

Rajapaksa won't resign under 'any circumstances'

Rajapaksa won't resign under 'any circumstances'

Rediff.com6 Apr 2022

The Government also defended the President's decision to enforce a state of emergency, that had given him sweeping authority to act in the interests of public security and preserving public order, including suspending any laws, authorising detentions and seizing property, saying it was declared after attempts were made to attack the President's Office and other public property.

Govt's plan to enter e-retail still in limbo

Govt's plan to enter e-retail still in limbo

Rediff.com15 Sep 2020

The background work of creating a suitable digital architecture of a website also remains unfinished as it has been a challenge to shortlist technology partners.

Govt readies sweeping reforms for PSBs

Govt readies sweeping reforms for PSBs

Rediff.com19 Jan 2018

The governance reforms, as an official put it, would bring in measures to track the performance of the executive-rank employees of the banks, intensively.

Pollution levels in Delhi up again, air quality 'severe'

Pollution levels in Delhi up again, air quality 'severe'

Rediff.com26 Nov 2021

The air quality in the capital has remained very poor or severe on most of the days in November so far.

The Importance Of Nancy Pelosi

The Importance Of Nancy Pelosi

Rediff.com3 Aug 2022

Nancy Pelosi's gritty refusal to backtrack on her plans to visit Taiwan is part of who she is.

How to fix the PMC Bank crisis

How to fix the PMC Bank crisis

Rediff.com23 Oct 2019

'Put the assets of PMC Bank and the personal assets of the HDIL promoters and head of PMC Bank in an escrow account and ring-fence it from the ad hoc action of the revenue departments and creditors,' recommends Debashis Basu.

How Modi's SVAMITVA scheme aims to help rural property holders

How Modi's SVAMITVA scheme aims to help rural property holders

Rediff.com21 Oct 2020

SVAMITVA is a new government project that primarily aims to demarcate abadi areas that includes inhabitant land, inhabited areas contiguous to abadi and wadis/basties in rural areas, using drone surveying technology.

Goyal to meet heads of 6 govt banks on Tuesday

Goyal to meet heads of 6 govt banks on Tuesday

Rediff.com16 Jun 2018

The meeting is expected to chart a road map for cleaning up their balance sheets and boost credit flows, reports Somesh Jha.

Govt may infuse Rs 19k cr into PSU banks in FY16

Govt may infuse Rs 19k cr into PSU banks in FY16

Rediff.com24 Jun 2015

Banks will need more funds, as they have to provide more capital.

Govts should give up control in banks: McKinsey

Govts should give up control in banks: McKinsey

Rediff.com3 Jan 2015

In the policy banks, the government can have 100 per cent stake, McKinsey said.

S&P reaffirms India's rating, retains outlook at 'stable'

S&P reaffirms India's rating, retains outlook at 'stable'

Rediff.com3 Dec 2019

S&P has maintained a stable outlook on the basis of their expectation that over the next two years the growth will remain strong and India will maintain its sound net external position and fiscal deficit will remain elevated but broadly in line with their forecast.

Army anguished as govt rejects demand for higher pay

Army anguished as govt rejects demand for higher pay

Rediff.com4 Dec 2018

The MSP was introduced to the services recognising their unique service conditions and hardships.

MHA issues fresh guidelines on lockdown exemption

MHA issues fresh guidelines on lockdown exemption

Rediff.com25 Mar 2020

The guidelines listed several services including government and private offices that will be out of bounds during the period, while exempting establishments such as hospitals, ration shops, dairies, banks, insurance offices, and print and electronic media. Delivery of all essential goods including food, pharmaceuticals, medical equipment through e-commerce has also been exempted from the purview of the lockdown.

Bengal violence: Group claims 7,000 women molested, govt vows action

Bengal violence: Group claims 7,000 women molested, govt vows action

Rediff.com29 Jun 2021

The Centre on Tuesday promised to take action on the report of a fact-finding team which claimed that there were 15,000 incidents of post-poll violence in West Bengal in which 25 people were killed and 7,000 women were molested.

Dear Nirmalaji, please incentivise savings

Dear Nirmalaji, please incentivise savings

Rediff.com14 Jan 2021

Esha Wali, who is the vice president of technology at a Mumbai bank, tells Rediff.com's A Ganesh Nadar what she would like to see in Finance Minister Nirmala Sitharaman's Budget.

RBI opens Rs 15,000 cr liquidity window for hotels, aviation, tourism

RBI opens Rs 15,000 cr liquidity window for hotels, aviation, tourism

Rediff.com4 Jun 2021

In a bid to support revival of sectors hit most by the Covid-19 pandemic, Reserve Bank of India on Friday decided to open a separate liquidity window of Rs 15,000 crore for certain contact-intensive sectors like hotels and restaurants, tourism and aviation ancillary services.

Govt proposes 49% FDI in insurance, caps voting rights to 26%

Govt proposes 49% FDI in insurance, caps voting rights to 26%

Rediff.com7 Jul 2014

A proposal to hike the FDI cap in the sector was first mooted by the previous UPA government.

PNB eyes Rs 5,500 crore net profit in Q2

PNB eyes Rs 5,500 crore net profit in Q2

Rediff.com11 Jun 2018

However, the road to profitability has already hit some hurdles for the Delhi-based bank as the Union government has rejected its demand for an additional capital infusion of around Rs 8,000 crore in 2018-19

India to clock GDP growth of 7.4% in FY17: HSBC

India to clock GDP growth of 7.4% in FY17: HSBC

Rediff.com4 May 2016

The Asian Development Bank too had projected Indian's economic growth for current fiscal at 7.4 per cent.

SBI to get Rs 2000 cr as part of Rs 14K cr fund infusion

SBI to get Rs 2000 cr as part of Rs 14K cr fund infusion

Rediff.com23 Oct 2013

On Tuesday, Finance Minister P Chidambaram had more than adequately made clear that the government would be allocating Rs 14,000 crore through Budget, the Financial Services Secretary said.