News for 'National Housing Bank'

A Rainy Day Check-List for Chennaiites

A Rainy Day Check-List for Chennaiites

Rediff.com18 Dec 2023

If only you had thought ahead, you would have stocked snacks and biscuits, bread and cake, and vegetables suited for Amma or pondatti to make your favourite bajji and pakoda, observes N Sathiya Moorthy.

Zee's repayment woes force fund houses to reschedule

Zee's repayment woes force fund houses to reschedule

Rediff.com19 Apr 2019

According to industry players, over 50 FMPs have exposure to Zee Group companies.

Modi's longest Parliament speech pressed all the right buttons

Modi's longest Parliament speech pressed all the right buttons

Rediff.com10 Aug 2023

Prime Minister Narendra Modi on Thursday slammed the opposition alliance INDIA as a collection of arrogant dynasties who will take India back by two centuries as he exuded confidence that people will bless the "garib ka beta" with a record-breaking mandate in the 2024 Lok Sabha polls.

Rain triggers landslides in U'khand, Ganga breaches danger mark

Rain triggers landslides in U'khand, Ganga breaches danger mark

Rediff.com17 Jul 2023

According to officials, the Ganga was flowing at 463.20 metres following which water filled up in Sangam Ghat, Ramkund, Dhaneshwar Ghat and Fuladi Ghat. There was also a tremendous jump in the water level of the Ganga after 2,000-3,000 cusecs of water was released from the dam of the GVK hydroelectric project built on the Alaknanda river.

EPFO initiative that will create 350,000 additional low cost homes

EPFO initiative that will create 350,000 additional low cost homes

Rediff.com9 Dec 2014

The Prime Minister's Office has suggested that EPFO should deploy 15 per cent of its funds as loan for low cost housing saying it would generate a credit flow of Rs 70,000 crore (Rs 700 billion).

'Hard to see how Hamas can be defeated'

'Hard to see how Hamas can be defeated'

Rediff.com26 Oct 2023

'The purported claim that Israel can defeat Hamas and everything 'would go back to normal' is completely absurd.'

Rs 253-cr assets of Nirav Modi group in HK attached

Rs 253-cr assets of Nirav Modi group in HK attached

Rediff.com22 Jul 2022

The Enforcement Directorate Friday said it has attached gems, jewellery and bank deposits worth Rs 253.62 crore of some Hong Kong-based companies of fugitive diamond merchant Nirav Modi as part of a money laundering probe. Some assets of Nirav Modi group of companies in Hong Kong were identified in the form of gems and jewelleries lying in private vaults and bank balances in accounts maintained there and these have been provisionally attached under sections of the Prevention of Money Laundering Act (PMLA), the federal probe agency said in a statement. The amount kept in banks amounts to $30.98 million and Hong Kong dollars 5.75 million, which is equivalent to Rs 253.62 crore (as on July 22, 2022), it said.

RBI bars banks from issuing LoUs in Nirav Modi scam fallout

RBI bars banks from issuing LoUs in Nirav Modi scam fallout

Rediff.com13 Mar 2018

The Reserve Bank of India also banned with immediate effect issuance of letters of comfort which, like LoUs, are used by importers to fund their overseas purchases.

'Fact finding' team in Bengal to disturb peace, says Mamata; BJP hits back

'Fact finding' team in Bengal to disturb peace, says Mamata; BJP hits back

Rediff.com11 Apr 2023

Questioning the team's authority headed by a former Patna high court judge, Banerjee pointed out that Ram Navami processions organised by the Bharatiya Janata Party had carried arms and driven tractors and deliberately taken routes where 'Namaz' was being offered.

'Hamas is not stupid'

'Hamas is not stupid'

Rediff.com25 Oct 2023

'The Israeli government is saying, "OK, leave northern Gaza, because we're going to fight Hamas there".' 'But Hamas is not stupid. They are going to put militants in southern Gaza too. And then what's Israel going to do?' 'At some point are they going to say, 'Leave southern Gaza too because we want to fight Hamas there? Go across the border to Egypt"'? 'That's what people are worried about. Because they fear that once they cross the border into Egypt there will be no coming back.'

'No shell company in Mauritius; Hindenburg allegations false, baseless'

'No shell company in Mauritius; Hindenburg allegations false, baseless'

Rediff.com10 May 2023

In a boost to the embattled Adani Group, Mauritian Financial Services Minister Mahen Kumar Seeruttun has told the nation's Parliament that Hindenburg Research's allegations of the presence of 'shell' companies in the Island nation are 'false and baseless' and that Mauritius was in compliance with OECD-mandated tax rules. US short seller Hindenburg on January 24 alleged that billionaire Gautam Adani used shell companies based in Mauritius to manipulate stock prices of his Indian-listed companies.

Trump, First Lady to welcome Modi at the White House

Trump, First Lady to welcome Modi at the White House

Rediff.com26 Jun 2017

Modi and Trump will meet at 1.20 am (IST) following which they will have delegation talks and then a dinner.

India Inc pitches for rate cut to prop up growth

India Inc pitches for rate cut to prop up growth

Rediff.com17 Jan 2019

CII suggested the policy measures required to ease the tight liquidity situation by cutting CRR by at least 50 basis points.

Bad debts: Banks may have to make provision for Rs 2.2 trn

Bad debts: Banks may have to make provision for Rs 2.2 trn

Rediff.com16 Jan 2020

Bankers said they are looking outside the bankruptcy courts and will be able to resolve a few debts in the power sector before January-end.

India's economy to slow down in 2023-24. Survey reveals all

India's economy to slow down in 2023-24. Survey reveals all

Rediff.com31 Jan 2023

Following are the highlights of the Economic Survey 2022-23 tabled in Parliament on Tuesday

Remembering Nitin Desai's Magic

Remembering Nitin Desai's Magic

Rediff.com3 Aug 2023

We remember some of Nitin Chandrakant Desai most influential works.

House remains paralysed for 9th day, LS passes 2 bills

House remains paralysed for 9th day, LS passes 2 bills

Rediff.com15 Mar 2018

The Payment of Gratuity (Amendment) Bill and The Specific Relief (Amendment) Bill passed amid din.

How the economy stands to gain from bank recapitalisation move

How the economy stands to gain from bank recapitalisation move

Rediff.com25 Oct 2017

The move will have cascading effects for lot of related sectors

House panel recommends Mallya's expulsion from RS

House panel recommends Mallya's expulsion from RS

Rediff.com25 Apr 2016

The Ethics Committee of Rajya Sabha headed by veteran Congress leader Karan Singh, decided to give Mallya one week time to explain his conduct.

Banks closed tomorrow

Banks closed tomorrow

Rediff.com29 Sep 2004

Reserve Bank of India's offices in Mumbai and Navi Mumbai will remain open on Thursday but commercial and cooperative banks will remain closed to public on account of half-yearly closing of their accounts.

PNB fraud: ED files chargesheet against Mehul Choksi's wife, others

PNB fraud: ED files chargesheet against Mehul Choksi's wife, others

Rediff.com6 Jun 2022

The ED has filed a fresh chargesheet against absconding jeweller Mehul Choksi, his wife Priti and others under the anti-money laundering law in connection with the over Rs 13,000-crore PNB loan fraud case, officials said on Monday. This is the first prosecution complaint filed by the central agency against Choksi's wife Priti Pradyotkumar Kothari. She has been charged by the Enforcement Directorate (ED) with "helping her husband in layering of the proceeds of crime".

Modi refers to 'Quit India' to target opposition bloc

Modi refers to 'Quit India' to target opposition bloc

Rediff.com6 Aug 2023

Prime Minister Narendra Modi on Sunday accused the opposition of playing 'negative politics' and said now the entire country is rooting for corruption, dynasty and appeasement to 'quit India'.

HDFC hikes home loan rate; PNB ups MCLR

HDFC hikes home loan rate; PNB ups MCLR

Rediff.com1 Jun 2022

Mortgage lender HDFC Ltd on Wednesday announced an increase in its benchmark lending rate by 5 basis points (bps), a move that will make loans dearer for both existing and new borrowers. This is the third hike effected by HDFC in the last one month. "HDFC increases its Retail Prime Lending Rate (RPLR) on housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 5 basis points, with effect from June 1, 2022," the housing finance company said in a statement.

Eyewitness account: The moment when Yeti Airlines plane crashed

Eyewitness account: The moment when Yeti Airlines plane crashed

Rediff.com16 Jan 2023

Eyewitnesses of the Nepalese passenger plane crash have said that they had a close shave as the Yeti Airlines plane, with 72 onboard, including five Indians, crashed near their settlement and a bomb-like blast was heard.

'Hum sab Indian hai; udhar bhi aur idhar bhi'

'Hum sab Indian hai; udhar bhi aur idhar bhi'

Rediff.com20 Jul 2023

At a time when Manipur is burning, voices like Colonel Sapam's serve as a healing balm. 'These are voices that need to heard and their stories of peace and reconciliation must be retold -- over and over again.

Owner of SUV which caused explosives scare near Ambani's house found dead

Owner of SUV which caused explosives scare near Ambani's house found dead

Rediff.com5 Mar 2021

Mansukh, around 45 years old, had gone missing on Thursday night. The body was found on the banks of the creek along the Mumbra Reti Bunder road, a senior official of Thane Police said.

Full Text: PM Modi's address to US Congress

Full Text: PM Modi's address to US Congress

Rediff.com23 Jun 2023

Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.

Survey pegs 2024 economic growth at 6.5%

Survey pegs 2024 economic growth at 6.5%

Rediff.com31 Jan 2023

India's economy is projected to slow to 6.5 per cent in the fiscal year starting April but will remain the fastest growing major economy in the world as it fared better in dealing with the extraordinary set of challenges the globe has faced, the Economic Survey 2022-23 said on Tuesday. India's gross domestic product (GDP) growth of 6.5 per cent in 2023-24 compares with an estimated 7 per cent expansion in current fiscal year (April 2022 to March 2023) and 8.7 per cent in the previous year. Like the rest of the world, India too faced an extraordinary set of challenges in tightening financial conditions and supply chain disruptions from a prolonged war in Europe but "withstood them better than most economies", the annual document detailing the state of the economy said.

PNB pays Rs 6,586 cr to other banks for NiMo scam

PNB pays Rs 6,586 cr to other banks for NiMo scam

Rediff.com27 Jun 2018

Bank provides for Rs 7,178 crore, or 50 pf of the total amount of the Rs 14,356 crore scam, in the fourth quarter of 2017-18. The remaining amount will be covered in the three quarters of the current fiscal year.

Joshimath crisis: Demolition of 2 unsafe hotels begin amid evacuation

Joshimath crisis: Demolition of 2 unsafe hotels begin amid evacuation

Rediff.com13 Jan 2023

In Delhi, Union Home Minister Amit Shah assessed the situation in Joshimath and steps taken to ameliorate people's hardship at a meeting attended by Union ministers Nitin Gadkari, R K Singh, Bhupendra Yadav and Gajendra Singh Shekhawat and top officials.

Challenges facing the 3 musketeers of Indian banking

Challenges facing the 3 musketeers of Indian banking

Rediff.com6 Feb 2019

What connects P S Jayakumar of Bank of Baroda, V Vaidyanathan of Capital First Ltd and Chandra Shekhar Ghosh of Bandhan?

Manmohan Singh, Chief Architect Of Modi's Schemes

Manmohan Singh, Chief Architect Of Modi's Schemes

Rediff.com3 Mar 2023

Both prime ministers believed in crafting schemes to help the common man. Modi used quite effectively the instruments Dr Singh introduced. In assessing Modi's success with many schemes, Dr Singh's fundamental work should not be ignored, points out A K Bhattacharya.

Rajan is right: Salaried class can't afford a house

Rajan is right: Salaried class can't afford a house

Rediff.com22 Aug 2015

Only double-income households can buy flats in India's top 8 cities, except Mumbai

Aditya Puri's dream for HDFC Bank: Indian Alibaba

Aditya Puri's dream for HDFC Bank: Indian Alibaba

Rediff.com9 Jul 2019

Tamal Bandyopadhyay details HDFC Bank's digital journey.

House proceedings washed out for 7th day, Finance Bill not taken up

House proceedings washed out for 7th day, Finance Bill not taken up

Rediff.com13 Mar 2018

The imapsse continues over issues like bank scams and special status demand for Andhra Pradesh.

Nitish Kumar must contest from Phulpur in UP, says JD-U leader

Nitish Kumar must contest from Phulpur in UP, says JD-U leader

Rediff.com30 May 2023

Senior Janata Dal-United leader Dhananjay Singh pitched for Opposition unity ahead of the 2024 Lok Sabha polls and said party workers in Uttar Pradesh want Bihar Chief Minister Nitish Kumar to contest the elections from the state's Phulpur constituency.

PNB scam: CBI seeks details of nostro transactions from 5 banks

PNB scam: CBI seeks details of nostro transactions from 5 banks

Rediff.com26 Feb 2018

The agency on Monday questioned three general managers of the Punjab National Bank who have handled the -International Banking Division and Treasury department of the bank, officials said without revealing their identity.

Indians see China, not Pak as their greatest threat: US Congressman

Indians see China, not Pak as their greatest threat: US Congressman

Rediff.com25 Apr 2023

"China creeps towards hegemony in Asia, threatens India's borders, and treats other countries as junior partners, Indian-American Congressman Ro Khanna said.

When The Russians Killed A Dancer

When The Russians Killed A Dancer

Rediff.com29 Nov 2022

Colleagues and friends attend a funeral ceremony for Ukrainian soldier and ballet dancer Vadym Khlupianets, who was recently killed by Russian troops, at the National Academic Operetta's Theatre in Kyiv.

TCS, HZL, CIL boost India Inc's dividend payout to record Rs 2.3 trillion

TCS, HZL, CIL boost India Inc's dividend payout to record Rs 2.3 trillion

Rediff.com18 May 2023

Corporate India continues to be generous in rewarding its shareholders with big dividend payouts. This is especially true for shareholders of companies such as Tata Consultancy Services (TCS), Hindustan Zinc (HZL), and Coal India (CIL) which are seen as cash cows of large business groups and the government. Boosted by a big payout by these three companies, the combined equity dividend payout by listed companies was up 38 per cent year-on-year (YoY) to a record high of Rs 2.27 trillion in 2022-23 (FY23), compared with Rs 1.65 trillion in 2021-22 (FY22).