News for 'Ministry of Financial Services'

Football coach from Mumbai now selling vegetables to make ends meet

Football coach from Mumbai now selling vegetables to make ends meet

Rediff.com16 Jul 2020

Prasad Bhosale, a football coach residing in Mumbai said that he has been selling vegetables from the past two months and he also opened up about the struggles he has faced in this duration.

Centre cancels selection of 6 govt bank chiefs by UPA

Centre cancels selection of 6 govt bank chiefs by UPA

Rediff.com28 Oct 2014

The probe into selections for banks such as Bank of Baroda and Canara Bank followed the arrest of Syndicate Bank CMD S K Jain for alleged graft.

Taliban: Time for India to think BOLD

Taliban: Time for India to think BOLD

Rediff.com25 Aug 2021

Like China, India too should connect the dots and move ahead with a long-term perspective in Afghanistan, advises Ambassador M K Bhadrakumar.

'Inflation numbers show a huge disconnect'

'Inflation numbers show a huge disconnect'

Rediff.com12 May 2015

'Both IIP and CPI inflation numbers are showing a huge disconnect from the leading indicators.'

Govt creates 'Japan Plus' to fast track Japanese investments

Govt creates 'Japan Plus' to fast track Japanese investments

Rediff.com10 Oct 2014

The commitment by Japan to invest $35 billion or 3.5 trillion YEN is for infrastructure sector over five years.

RBI may ease lending norms for MSMEs; fund to NBFCs still a sticking point

RBI may ease lending norms for MSMEs; fund to NBFCs still a sticking point

Rediff.com19 Nov 2018

RBI may also be open to injecting liquidity through open market purchases of bonds but is resisting relaxing capital buffers for banks.

Y V Reddy: The man behind several economic reforms

Y V Reddy: The man behind several economic reforms

Rediff.com27 Feb 2015

Reddy has worked to reform the economy.

Why your Uber/Ola surge prices won't soar anymore

Why your Uber/Ola surge prices won't soar anymore

Rediff.com28 Nov 2020

New norms issued as per the Motor Vehicle Aggregator Guidelines 2020 have mandated a cap on surge price, preventing aggregators from charging more than 1.5 times of the base fare.

BoB-Dena-Vijaya Bank merger: What it means for their customers

BoB-Dena-Vijaya Bank merger: What it means for their customers

Rediff.com24 Dec 2018

The combined entity is set to be the third largest bank in India, behind State Bank of India and ICICI Bank.

Government calls meet to review gold monetisation scheme

Government calls meet to review gold monetisation scheme

Rediff.com10 Mar 2016

The scheme calls for banks, refineries and hallmarking centres to work together.

Now job opportunities abroad under govt initiative

Now job opportunities abroad under govt initiative

Rediff.com29 Jan 2019

A fresh global skill gap study shows how India can tap opportunities in Germany, New Zealand, Qatar, Malaysia, The Netherlands, Saudi Arabia, Singapore, Sweden, Switzerland, UAE and the UK.

EPFO net new enrolments grow nearly 20% in Feb

EPFO net new enrolments grow nearly 20% in Feb

Rediff.com21 Apr 2021

Net new enrolments with retirement fund body EPFO grew by nearly 20 per cent to 12.37 lakh in February compared to the same month in 2020, according to the payroll data released on Tuesday, providing a perspective on formal sector employment amid the coronavirus pandemic. The provisional payroll data of EPFO highlights a growing trend with the addition of 12.37 lakh net subscribers during the month of February, 2021, a Labour Ministry statement said. The data reflects growth of 3.52 per cent in net subscribers addition in February 2021 over January 2021.

Bullet train will have 4 halts in M'rashtra, 8 in Gujarat

Bullet train will have 4 halts in M'rashtra, 8 in Gujarat

Rediff.com18 Jan 2017

Everything you wanted to know about the Mumbai-Ahmedabad bullet train but didn't know who to ask.

'Far from truth': Govt on Amnesty's 'witch-hunt' claims

'Far from truth': Govt on Amnesty's 'witch-hunt' claims

Rediff.com29 Sep 2020

The MHA said all the "glossy statements" about humanitarian work and speaking truth to power are nothing but a "ploy to divert attention" from their activities which were in clear contravention of laid down Indian laws.

Not just Mallya, government agency too a wilful defaulter

Not just Mallya, government agency too a wilful defaulter

Rediff.com10 Mar 2016

The Nafed has outstanding dues of Rs 224.26 crore (Rs 2.24 billion) as of February 15.

Coming soon: Jan-Dhan banking on non-internet phones

Coming soon: Jan-Dhan banking on non-internet phones

Rediff.com28 Sep 2016

Discussions are on in government about how to make the process simpler for the poor and more cost-effective for telecom operators, says Subhomoy Bhattacharjee.

COVID-19: Govt panel recommends capping private hospitals' rates

COVID-19: Govt panel recommends capping private hospitals' rates

Rediff.com20 Jun 2020

The committee has recommended Rs 8,000-10,000, Rs 13,000-15,000, and Rs 15,000-18,000 including PPE costs for isolation beds, and ICUs with or without ventilator, respectively, to all hospitals. Currently, hospitals are charging Rs 24,000-25,000, Rs 34,000-43,000 & Rs 44,000-54,000 (excluding PPE cost).

Dear Nirmalaji, please encourage tourism

Dear Nirmalaji, please encourage tourism

Rediff.com15 Jan 2021

Nangiohbok Rymbai, a graduate in economics who works as a daily wage labourer in Shillong, tells Rediff.com's A Ganesh Nadar what he would like to see in Finance Minister Nirmala Sitharaman's Budget.

Brokers on the warpath against FT group, NSEL

Brokers on the warpath against FT group, NSEL

Rediff.com14 Aug 2013

Investor forum wants govt to take over exchange, raises doubts on claims of matching stocks; NSEL says default by brokers to be dealt with legally.

PNB scam: UK court rejects Nirav Modi's latest bail attempt

PNB scam: UK court rejects Nirav Modi's latest bail attempt

Rediff.com26 Oct 2020

The 49-year-old jeweller, fighting extradition to India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank scam case, has made around six previous attempts at bail at the magistrates' court as well as at the high court level.

MORE banking reforms coming soon!

MORE banking reforms coming soon!

Rediff.com6 Nov 2017

Some measures announced in Indradhanush -- a 7-point Modi plan to revamp State-owned banks but not completed -- may be taken up again.

National Spot Exchange payment crisis fears ebb

National Spot Exchange payment crisis fears ebb

Rediff.com3 Aug 2013

After National Spot Exchange Ltd (NSEL) this week suspended trading in forward contracts, the Forward Markets Commission (FMC), the commodities market regulator, on Friday sought to allay fears over the exchange defaulting on open contracts.

Rupee plunges 163 paise to 67.63 vs USD on oil fears

Rupee plunges 163 paise to 67.63 vs USD on oil fears

Rediff.com3 Sep 2013

A strengthening dollar overseas also kept the rupee under pressure amid demand from importers. Goldman Sachs followed JP Morgan, HSBC and Nomura in cutting India's economic growth forecast and also said it expects the rupee to touch 72 against the dollar in the next six months.

'New bank licences has put RBI, system in credible light'

'New bank licences has put RBI, system in credible light'

Rediff.com9 Apr 2014

Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.

When Budget hits the sweet spot!

When Budget hits the sweet spot!

Rediff.com22 Feb 2016

It is possible that the final Budget architecture may be at variance with the comments.

Rupee bounces back from record low to close at 60.88

Rupee bounces back from record low to close at 60.88

Rediff.com8 Aug 2013

The local currency opened higher at 61.20 a dollar from the previous close of 61.30 at the Interbank Foreign Exchange Market.

Modi Breaks Fresh Ground In Foreign Policy

Modi Breaks Fresh Ground In Foreign Policy

Rediff.com23 Mar 2022

'The big power struggle in faraway Europe erupted at a most critical juncture when India has been increasingly sceptical about American policies and statesmanship,' argues Ambassador M K Bhadrakumar.

How the BCCI cleverly sidestepped RTI queries

How the BCCI cleverly sidestepped RTI queries

Rediff.com9 Aug 2019

Johri evaded questions on RTI, saying: "RTI is not on the agenda of today's meeting. It is out of context."

Work on Modi Sarkar's last full Budget begins this week

Work on Modi Sarkar's last full Budget begins this week

Rediff.com10 Sep 2017

As per practice a vote-on-account or approval for essential government spending for a limited period is taken in the election year and a full-fledged budget presented by the new government.

LIC likely to exit mutual fund JV with Nomura

LIC likely to exit mutual fund JV with Nomura

Rediff.com12 Jan 2015

According to sources, in a January 6 letter to the department of financial services under the finance ministry, LIC said it wanted to stop sponsoring LIC Nomura Mutual Fund, and might offer some of its stake in LIC Housing Finance to other shareholders.

Moody's slams govt's attempt to curtail RBI's independence

Moody's slams govt's attempt to curtail RBI's independence

Rediff.com11 Dec 2018

Moody's assumes that the RBI will continue to pursue price and financial stability and implement policies towards these goals.

Govt employees join 'restore old pension' campaign on Twitter

Govt employees join 'restore old pension' campaign on Twitter

Rediff.com26 Jun 2020

The 'restore old pension' campaign is being spearheaded by the National Movement for Old Pension Scheme (NMOPS), a federation with over 13 lakh government employees as its members.

Modi Must Fix His Problems With The States

Modi Must Fix His Problems With The States

Rediff.com5 Oct 2021

Given the many policy areas where the Centre and the states have not been seeing eye to eye in the last few years, it is time the Modi government convenes a meeting of the Inter-State Council, recommends A K Bhattacharya.

How cash-starved Modi govt plans to prune expenditure

How cash-starved Modi govt plans to prune expenditure

Rediff.com28 Aug 2019

'If the current mood in North Block, headquarters of the finance ministry, is anything to go by, the government will now keep a closer watch on all kinds of schemes and projects undertaken by different central ministries. 'The next six months will determine which central schemes will have to be wound up and which ones will survive the axe,' says A K Bhattacharya.

Point of Taxation rules may get delayed

Point of Taxation rules may get delayed

Rediff.com22 Nov 2010

Rollout likely to be pushed to next financial year.

Weak oil prices drag markets; Nifty ends below 7,400

Weak oil prices drag markets; Nifty ends below 7,400

Rediff.com3 Feb 2016

Financials were the top losers while oil shares also declined amid weak crude oil prices.

'In two years, there hasn't been a single case of corruption in the defence ministry'

'In two years, there hasn't been a single case of corruption in the defence ministry'

Rediff.com23 May 2016

'The cost of the Rafale contract will be substantially lower than being talked about.' 'If you throw away the price they demand, our coffers will soon become empty.' 'When it comes to spending the nation's money I am very careful and stingy.'

Shell companies feel the heat as govt banks on AI to nab them

Shell companies feel the heat as govt banks on AI to nab them

Rediff.com26 Sep 2017

P P Chaudhary the newly-appointed minister of state for corporate affairs, is monitoring and coordinating actions against shell companies.

Modi 2.0 readies measures to lift demand; focus on lowering I-T rates

Modi 2.0 readies measures to lift demand; focus on lowering I-T rates

Rediff.com25 May 2019

'There are deliberations on whether there can be lowering of income taxes and other sops to keep more money in the hands of taxpayers, enabling them to spend more and boost demand.'

Lockdown 3.0 begins on Monday with 'considerable relaxations'

Lockdown 3.0 begins on Monday with 'considerable relaxations'

Rediff.com3 May 2020

In containment areas, movements of people is totally banned and essential services are delivered at the doorsteps.