News for 'National Finance Committee'

Biden-Harris will make US socialist country: Republican leaders

Biden-Harris will make US socialist country: Republican leaders

Rediff.com25 Aug 2020

On the first night of the Republican National Convention on Monday, senior party leaders during their prime-time address said that the future of America was in danger if the November 3 polls resulted in the defeat of US President Donald Trump.

Pak anti-terror court issues arrest warrant for Masood Azhar

Pak anti-terror court issues arrest warrant for Masood Azhar

Rediff.com7 Jan 2021

The Anti-Terrorism Court (ATC) Gujranwala issued the warrant during a hearing in a terror financing case instituted by the Counter Terrorism Department (CTD) of Punjab police against some members of the JeM.

'BCCI should become player centric'

'BCCI should become player centric'

Rediff.com22 Sep 2022

'There should be total transparency in the system.'

India to chair UNSC's panel on counter-terrorism

India to chair UNSC's panel on counter-terrorism

Rediff.com8 Jan 2021

India, which has been at the forefront of the years-long efforts to reform the UNSC, began its two-year tenure at the Council on Friday last.

Appellate Tribunal stays Kapil Wadhawan's DHFL offer

Appellate Tribunal stays Kapil Wadhawan's DHFL offer

Rediff.com25 May 2021

The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed the order of NCLT Mumbai directing the lenders of DHFL to consider the offer by the debt-ridden mortgage firm's erstwhile promoter Kapil Wadhawan. A vacation bench of NCLAT comprising Acting Chairman Justice A I S Cheema and Member Technical V P Singh stayed the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT). On May 19, NCLT Mumbai had directed the settlement plan offered by Wadhawan to be considered by the lenders of DHFL, one of the lawyers engaged in the matter said.

Why Railways' financial health is off track

Why Railways' financial health is off track

Rediff.com11 Sep 2021

In 2019-20, the capital expenditure of Indian Railways (IR) increased 60 per cent over 2016-17. The draft National Railways plan envisages a further increase in IR's capital expenditure, but an analysis by Business Standard shows that IR has come to depend more on borrowings and budgetary support. In 2016-17, while 11 per cent of its capital expenditure (capex) was funded by internal sources, in 2019-20 the ratio dropped to less than 1 per cent. A 2015 Committee on Restructuring Railways had flagged that over-reliance on borrowings could exacerbate the financial situation of Railways.

Farm laws: Centre to take states route

Farm laws: Centre to take states route

Rediff.com29 Nov 2021

'As far as contract farming is concerned, we already have a model Act and states will be encouraged to adopt them.'

'Public Sector Banks Don't Like To Loan To MSMEs'

'Public Sector Banks Don't Like To Loan To MSMEs'

Rediff.com21 Jul 2022

'The approach today is, instead of giving loans to 100 MSMEs, let us give one loan to a big-ticket corporate.' 'And so many of these big fish deceived the banks and the banks are in the doldrums now with high NPAs.'

'Do 81 crore Indians deserve highly subsidised food grains?'

'Do 81 crore Indians deserve highly subsidised food grains?'

Rediff.com6 Jan 2023

'The decision to supply free food grains is not an economically sound decision because the government will find it very difficult in future to charge anything for food grains.'

Pak's LeT, JeM have hundreds of fighters, camps in Afghanistan: UN report

Pak's LeT, JeM have hundreds of fighters, camps in Afghanistan: UN report

Rediff.com30 May 2022

The 13th report of the Analytical Support and Sanctions Monitoring Team cites a UN Member State as saying that Jaish-e-Mohammed (JeM), a Deobandi group ideologically closer to the Taliban "maintains eight training camps in Nangarhar, three of which are directly under Taliban control."

Pakistan to allow India to send wheat to Afghanistan: Imran

Pakistan to allow India to send wheat to Afghanistan: Imran

Rediff.com22 Nov 2021

Pakistan Prime Minister Imran Khan announced on Monday that his government will allow India to send a humanitarian shipment of 50,000 metric tonnes of wheat to neighbouring Afghanistan through its territory after finalisation of the transit modalities.

7 key Bills listed on RS agenda for final week of Budget session

7 key Bills listed on RS agenda for final week of Budget session

Rediff.com2 Apr 2022

Six of the seven Bills listed on the agenda of the Rajya Sabha have already been passed by the Lok Sabha.

11 govt banks don't have a chairman!

11 govt banks don't have a chairman!

Rediff.com14 Sep 2021

The annual earnings of a non-executive chairman of a PSB is capped at Rs 10 lakh, inclusive of fees for attending board meetings. This is way below the compensation of the chairman of any private bank, reveals Tamal Bandyopadhyay.

Piramal Group claims its bid for DHFL highest and compliant

Piramal Group claims its bid for DHFL highest and compliant

Rediff.com8 Jan 2021

Piramal Enterprises on Friday claimed that its bid for resolution of debt-ridden mortgage lender DHFL is highest and fully compliant with regulatory norms. Since the conclusion of the fifth and final round of the bidding process last month, Piramal Enterprises and the US-based Oaktree Capital are claiming that their bids are the highest and fully implementable. According to sources, suitors have submitted bids in the range of Rs 35,000-37,000 crore.

Covid cases with variants of concern rose from 10% in May to 51% till June 20

Covid cases with variants of concern rose from 10% in May to 51% till June 20

Rediff.com28 Jun 2021

The panel was informed that the economic impact of the second wave of viral infection was "asynchronous in its onset and wider in its spread particularly in rural hinterland", a source said.

Clause 6 of Assam Accord cannot be implemented: BJP leader Himanta

Clause 6 of Assam Accord cannot be implemented: BJP leader Himanta

Rediff.com17 Feb 2021

Senior Assam minister Himanta Biswa Sarma on Wednesday said the government cannot implement the recommendations of the central panel on Clause 6 of the Assam Accord, as those are "far from legal reality".

CBI told to use director identification number in notices to bankers

CBI told to use director identification number in notices to bankers

Rediff.com29 Dec 2019

This, said Sitharaman, would remove the possibility of unauthorised communication "and consequent harassment", which was a cause of concern for bankers.

Odisha to float global tender to procure COVID-19 vaccines

Odisha to float global tender to procure COVID-19 vaccines

Rediff.com10 May 2021

Facing an acute shortage of COVID-19 vaccines, the Odisha government on Monday decided to float a global tender for procuring the vaccine to inoculate the states entire population, Chief Secretary S C Mohapatra said.

Guptas used former Prez Zuma against people of S Africa: Probe panel

Guptas used former Prez Zuma against people of S Africa: Probe panel

Rediff.com1 May 2022

The report said Zuma 'would do anything that the Guptas wanted him to do for them,' including firing competent ministers and senior officials at parastatal institutions, so that Gupta lackeys could be appointed to those positions.

India to post customs sleuths overseas to detect money-laundering

India to post customs sleuths overseas to detect money-laundering

Rediff.com2 Dec 2019

Customs sleuths will be posted in London, Hong Kong, Dubai and Brussels in an effort to check trade-based money-laundering among others.

FIFA needs profound restructuring: Sepp Blatter

FIFA needs profound restructuring: Sepp Blatter

Rediff.com2 Jun 2015

Sepp Blatter has announced his decision to stand down at a news conference in Zurich, six days after the FBI had raided a hotel in Zurich and arrested several FIFA officials.

Srinivasan gets men of choice in BCCI; Biswal named IPL chief

Srinivasan gets men of choice in BCCI; Biswal named IPL chief

Rediff.com29 Sep 2013

The long-serving team manager Biswal was appointed chairman of the IPL in the Cricket Board's AGM in Chennai on Sunday.

FM to meet all bank heads on Monday to discuss NBFC crisis

FM to meet all bank heads on Monday to discuss NBFC crisis

Rediff.com3 Aug 2019

Credit to priority sectors as well as small and medium industries will be discussed to find ways to accelerate economic growth.

Budget has a vaccine for banking's virus

Budget has a vaccine for banking's virus

Rediff.com17 Feb 2021

Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.

NCA COO Ghosh resigns

NCA COO Ghosh resigns

Rediff.com12 Dec 2019

Ghosh refused to comment on his stepping down. He is believed to have not made much headway at the NCA.

A Budget With An Eye On Elections

A Budget With An Eye On Elections

Rediff.com10 Feb 2023

Nirmala Sitharaman's messaging was clear when she presented a well-balanced Budget with an eye on state elections in nine states followed by a general election next year, observes Ramesh Menon.

Rogue ARCs must be punished

Rogue ARCs must be punished

Rediff.com6 Jan 2022

Why can't we have a sunset clause for the ARCs, which is a global norm? questions Tamal Bandyopadhyay.

The Real Hero of the Economic Reforms

The Real Hero of the Economic Reforms

Rediff.com9 Jul 2021

It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.

Urjit Patel to submit written answers to questions raised by MPs

Urjit Patel to submit written answers to questions raised by MPs

Rediff.com27 Nov 2018

The RBI governor, who made a presentation about the state of the economy as well about the world economy to the 31-member Parliamentary Standing Committee on Finance, stayed clear of controversial questions like government invoking special powers.

Parliament's Budget session comes to an end

Parliament's Budget session comes to an end

Rediff.com25 Mar 2021

The session started on January 29 and was originally slated to end on April 8 but several members had urged Speaker Om Birla to end the session earlier as they focus on electioneering for the five assemblies.

Modicare: Niti Aayog gets tough, seeks 'realistic' estimates

Modicare: Niti Aayog gets tough, seeks 'realistic' estimates

Rediff.com21 Feb 2018

The government would be setting up a National Health Protection Council, National Governance Board and National Health Agency before roll-out of the scheme on August 15.

Tatas top bidder for Air India, but no govt nod yet

Tatas top bidder for Air India, but no govt nod yet

Rediff.com1 Oct 2021

Tata Sons has emerged as the top bidder for the takeover of debt-laden State-run airline Air India but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah, sources said.

Trade unions' national strike: Pro-RSS union might stay away

Trade unions' national strike: Pro-RSS union might stay away

Rediff.com29 Aug 2015

Says govt offer a positive move and Wednesday's one-day stir should be deferred; others not impressed enough, especially Left

India at 75: 18 biggest moments for Indian markets from 1947 to 1993

India at 75: 18 biggest moments for Indian markets from 1947 to 1993

Rediff.com12 Aug 2022

From the enactment of the capital control Act to the recognition of the BSE as a stock exchange and the infamous Harshad Mehta scam, here are the 18 biggest events for stock markets from 1947 to 1993.

Railways, India Post not among PSUs to go on sale block

Railways, India Post not among PSUs to go on sale block

Rediff.com6 Feb 2021

The department of investment and public asset management (Dipam) can also seek in-principle approval from the Cabinet Committee on Economic Affairs (CCEA) for strategic divestment of PSUs on a case-to-case basis considering investor appetite and sectoral trends.

Don't pay workers wages during calamities, says House panel

Don't pay workers wages during calamities, says House panel

Rediff.com25 Apr 2020

Parliamentary standing committee on labour, led by Biju Janata Dal MP Bhartruhari Mahtab, has said in its report that it is unjustifiable for owners to pay workers' wages during natural calamities.

Budget 2021: Bad bank will be a win-win for lenders

Budget 2021: Bad bank will be a win-win for lenders

Rediff.com3 Feb 2021

All banks are eligible for privatisation. A committee of secretaries will decide which banks will be privatised, says Financial Services Secretary Debasish Panda.

Curfew in Patiala after groups clash over anti-Khalistan march, 4 hurt

Curfew in Patiala after groups clash over anti-Khalistan march, 4 hurt

Rediff.com29 Apr 2022

The clash took place outside the Kali Mata temple when members of an outfit that calls itself "Shiv Sena (Bal Thackeray)" began a Khalistan Murdabad march.

Why Chinese Leaders Are Rushing To Tibet

Why Chinese Leaders Are Rushing To Tibet

Rediff.com13 Oct 2021

A visit to Tibet appears to have become the new touchstone for expressing fealty to Xi Jinping, observes Jayadeva Ranade, the retired senior RA&W officer and distinguished China expert.

'TN's finances are a mess, it's not going to be easy'

'TN's finances are a mess, it's not going to be easy'

Rediff.com19 May 2016

'We have about Rs 4 lakh crore debt on a state budget of about Rs 1.5 lakh crore.' 'We are in a debt two-and-a-half times our annual budget,' says the banker who would have been Tamil Nadu's finance minister had the DMK won.