To enable Indian banks and financial institutions to develop an aircraft-leasing ecosystem at GIFT City, the Ministry of Civil Aviation has sought support from the Ministry of Finance. It has also raised concern over slow progress in developing aircraft leasing in India.
The Reserve Bank is planning to extend wholesale Central Bank Digital Currency (CBDC) for transactions for interbank borrowing or call money market, sources said on Tuesday. The pilot in the wholesale segment, known as the Digital Rupee -Wholesale (e-W), was launched on November 1, 2022, with the use case being limited to the settlement of secondary market transactions in government securities. "RBI is now planning to go into the interbank borrowing market.
Tamil Nadu Governor R N Ravi has given his assent to a bill banning online gambling which was adopted in March by the state assembly for a second time, official sources said on Monday.
The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than five times in a year. It's not just the number of frauds. What's alarming is the growing sophistication of the fraudsters, exposing the vulnerabilities within the financial system, observes Tamal Bandyopadhyay.
'He has been one of the clearest thinkers in the history of business.'
According to an analysis by PRS Legislative Research, 172 bills were discussed and passed during the term of 17th Lok Sabha, of which 86 bills in the Lok Sabha and 103 bills in the Rajya Sabha were discussed for less than two hours each.
Justice BV Nagarathna said she had to dissent against the demonetisation move by the central government as in 2016, when the decision was announced, the Rs 500 and Rs 1,000 notes comprised 86 per cent of the total currency notes in circulation, and 98 per cent of it came back after they were banned.
The Telangana Bill will not come up in the Rajya Sabha on Tuesday with the House secretariat on Monday seeking clarifications from the Union law ministry over whether or not it is a money bill.
'I don't know when, but I definitely want to see myself there -- maybe doing some action sequences.''
Elon Musk's Starlink has got licence for satcom services in India, according to sources.
'Nearly 10 million people will benefit from the increase in the rebate limit for those earning up to Rs 12 lakh.' 'We expect all that money will come back into the economy in either savings, consumption, or investments.'
The Insurance Regulatory and Development Authority of India (Irdai) has asked at least 10 general and life insurance companies to submit a detailed road map for their listing strategies by the end of this month, according to multiple sources with direct knowledge of the matter. "The regulator met four life and six general insurers last month and asked them to provide their listing strategies by the end of February," said one of the sources.
The revised guidelines are aimed at curbing discretionary practices by field officers, especially the tendency to seek documents not mandated under the law.
After Parliament's nod, SC's sanctioned strength will go up to 33, plus the CJI.
Maruti Suzuki and Hyundai Motor India on Monday reported a dip in passenger vehicle dispatches to dealers in the domestic market last month as the companies tried to adjust vehicle inventory amid slowing demand. Maruti Suzuki India said it "calibrated supplies" to the dealers, aligning with the industry's retail sales projections amid India-Pakistan conflict and a dip in sales of entry-level cars.
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Enforcement agencies will be empowered to confiscate assets
The cricketing extravaganza became a business opportunity for everyone, from five-star hotels to cafes to street vendors across the country on Sunday.
'When voting clause by clause on Waqf came up in the JPC, the TDP and JD-U supported the BJP on each and every clause.'
'The voice which came wherever I travelled was that we are proud taxpayers. We are honest taxpayers. We want to continue to serve the country by being good taxpayers.' 'But what do you think about the kind of things you can do for us?'
Actor Vijay, founder of the Tamizhaga Vettri Kazhagam (TVK) party, has declared that his party will challenge the ruling DMK in the 2026 Tamil Nadu Assembly elections. In a general council meeting, Vijay criticized the DMK's dynasty politics, their handling of law and order, and women's safety. He also targeted the BJP-led central government over issues like the Waqf Bill, delimitation, and the three-language policy. Vijay promised his party's support to working classes, government employees, and vowed to oppose projects harmful to natural resources and agriculture. He assured 100% safety for women and strict law and order if TVK forms the government. The party passed resolutions opposing the Waqf Bill, delimitation, and the three-language policy, and also voiced support for the two-language policy, finding a permanent solution for fishermen's issues, and opposing the Parandur airport project.
The Rajya Sabha on Tuesday gave its green light to the Multi-State Cooperative Societies (Amendment) Bill 2023. This Bill introduces significant amendments to the Multi-State Cooperative Societies (MSCS) Act. These modifications aim to enhance the transparency and accountability of these cooperatives' operations in a bid to improve governance.
FIFA president Sepp Blatter was showered with paper money by a protester before the start of a press conference in Zurich on Monday.
Bill Aitken came to India nearly 60 years ago. He never returned. An Indian citizen since 1972, he tells Rediff.com's Archana Masih how India changed his life forever.
The Reserve Bank of India (RBI) brass, including its Governor Sanjay Malhotra, on Tuesday told a Parliamentary panel that it was "optimistic" about the impact of the US tariffs on the Indian economy and, in long-run, it could benefit the country due to dipping trade relations between the US and China.
India's net oil import bill could widen to $101-104 billion in current fiscal from $96.1 billion in 2023-24 and any escalation in the Iran-Israel conflict could impart an upward pressure on the value of imports, ICRA said on Tuesday. The domestic rating agency said based on its analysis, lower value of Russian oil imports is estimated to have led to savings of $7.9 billion in 11 months (April-February) of 2023-24, up from $5.1 billion in 2022-23.
A bill to amend the Money Laundering Act, 2002 by allowing the appointment of the chairperson and a member of an Appellate Tribunal, was introduced by Finance Minister P Chidambaram in the Lok Sabha on Friday.
Companies may foot less of the tax bill for some time yet. The corporate share of net direct tax collections has been lower in 2024-25 than in previous years. The corporate segment accounted for 45.6 per cent of total net direct tax collections as of March 16, compared to 48.1 per cent on the same date in 2023-24 (FY24).
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.
The liquidity will move into deficit after advance tax payments and GST outflows. It will rebound in October because of government spending.
The Tamil Nadu assembly on Thursday once again unanimously adopted the bill to ban online gambling, weeks after state Governor R N Ravi had returned it to the government for its reconsideration.
Info Edge (India) topped expectations in its October-December quarter (Q3) results, posting strong revenue and profit growth. Its shares have rallied as much as 6.14 per cent in two days. The technology holding company's revenue rose 15.2 per cent year-on-year (Y-o-Y) to Rs 722.3 crore, driven by robust performance across its key verticals, particularly its recruitment business.
The Supreme Court has dismissed a batch of pleas seeking review of its 2018 verdict upholding the Centre's flagship Aadhaar scheme as constitutionally valid but striking down some of its provisions, including its linking with bank accounts, mobile phones and school admissions.
Prime Minister Narendra Modi on Friday identified agriculture, education and health as three sectors where he believes technology can play a big role, and highlighted efforts of his government.
'There's no transparency in work (of the Wakf Board), in property transactions (of the Waqf).'
The government is likely to propose a penalty of up to Rs 500 crore for violating provisions of the Digital India Bill, according to sources. Under the proposed bill, the Centre may authorise any government agency to monitor and collect traffic data generated, transmitted, received or stored in any digital system to enhance cyber security. It also aims to identify, analyse and prevent intrusion or spread of malware or virus.
Banks have started charging customers for payment of credit card bills through cheque and so paying online makes more sense.
'There's a lot of sense in what Prime Minister Modi did, but the Indian government has to be really prepared for a really sharp escalation spiral.'
The party had won 67 seats in the 2025 assembly polls and 62 in the 2020 elections.
'I used to think I'll become a big heroine by 21-22, then I'll make a big, successful movie and then I would buy a house.' 'But when this was not happening for me, it was heartbreaking.'
After effecting two back-to-back 25 basis points rate cuts, Reserve Bank Governor Sanjay Malhotra on Wednesday hinted at another reduction in key policy rate by changing the central bank's monetary stance to 'accomodative' from 'neutral', which may further lower EMIs for consumers.
