News for 'National System of Accounts'

Paytm gets NPCI nod to onboard new UPI users

Paytm gets NPCI nod to onboard new UPI users

Rediff.com23 Oct 2024

The National Payments Corporation of India (NPCI) has granted approval to Paytm to onboard new UPI users, subject to the adherence to all procedural guidelines and circulars, according to the company. The move is expected to come as a relief to Paytm, which had suffered a blow following the Reserve Bank of India's restrictions earlier this year on associate company Paytm Payments Bank Limited (PPBL) in onboarding new UPI users on the Paytm app. In March, the NPCI gave approval to Paytm to participate in UPI as a Third-Party Application Provider (TPAP).

Veteran BJP leader defends Sisodia, blames system

Veteran BJP leader defends Sisodia, blames system

Rediff.com1 Mar 2023

Sisodia was arrested Sunday over alleged irregularities in the formulation and implementation of the Delhi Excise Policy 2021-22.

Rijiju again slams Collegium; CJI calls it best system to appoint judges

Rijiju again slams Collegium; CJI calls it best system to appoint judges

Rediff.com18 Mar 2023

Law Minister Kiren Rijiju on Saturday claimed that a few retired judges and some activists who are 'part of the anti-India gang' are trying to make the Indian judiciary play the role of the opposition party.

Should you opt for National Pension System?

Should you opt for National Pension System?

Rediff.com23 May 2016

On maturity, 40 per cent of the accumulated corpus can be withdrawn tax-free.

Direct tax: Budget 2025-26 eases burden, boosts spending and growth

Direct tax: Budget 2025-26 eases burden, boosts spending and growth

Rediff.com3 Feb 2025

The eighth Budget of Finance Minister Nirmala Sitharaman continued to focus on 'GYAN' (Garib, Youth, Annadata, Nari) to maintain a consistent and coherent strategy initiated over the years in pursuing the government's vision for Viksit Bharat. The approach, characterised by incremental yet impactful steps, aims to create a compounding effect over time.

ALARMING! Student suicide rate rising in India, surpasses population growth rate

ALARMING! Student suicide rate rising in India, surpasses population growth rate

Rediff.com29 Aug 2024

According to the report, Maharashtra, Tamil Nadu, and Madhya Pradesh are identified as the states with the highest number of student suicides, together accounting for one-third of the national total.

Employee Grievances Rise In Top Firms

Employee Grievances Rise In Top Firms

Rediff.com4 Nov 2024

Data collated for 47 BSE50 companies (as of H1FY25) shows employees and workers filed 8,468 such complaints in FY24.

PPF Remains Relevant in New Tax Regime

PPF Remains Relevant in New Tax Regime

Rediff.com8 Aug 2024

'PPF carries minimal risk.' 'Its fixed-income nature allows investors to diversify their portfolios.'

Why Subianto Is The R-Day Chief Guest

Why Subianto Is The R-Day Chief Guest

Rediff.com14 Jan 2025

India is trying hard to erase Indonesia's wariness about New Delhi, building security cooperation in the Indian Ocean and Pacific Ocean. If Indonesia decides to buy the Brahmos missile, it would further strengthen relations between the world's most populous nation and the most populous Islamic country.

Modi Preaches World Peace But...

Modi Preaches World Peace But...

Rediff.com28 Aug 2024

'...We should first look at and acknowledge what we have done to ourselves.' 'To not do so opens us to the accusation of rank hypocrisy and also reduces the stature of our globetrotting peaceniks,' asserts Aakar Patel.

Is NPS Vatsalya Right Choice For Your Children?

Is NPS Vatsalya Right Choice For Your Children?

Rediff.com9 Oct 2024

From how to open an NPS Vatsalya account to knowing how this scheme compares to investing in mutual fund or in provident fund, Ramalingam Kalirajan offers a 360-degree view and the pros and cons of investing in a scheme that has the potential to secure your child's financial well-being.

For 2nd straight year, co-location IS preferred mode of F&O trading

For 2nd straight year, co-location IS preferred mode of F&O trading

Rediff.com21 Mar 2024

Co-location may well have a majority share of futures and options (F&O) trading in 2023-24 once again. It accounted for 50.53 per cent of the National Stock Exchange (NSE) derivatives trading turnover in February, higher than the 50.1 per cent share seen in 2022-23 (FY23). The share on the BSE was higher though February numbers showed a dip relative to the previous year.

4 Months After Poor LS Score, How BJP Swept Vidarbha

4 Months After Poor LS Score, How BJP Swept Vidarbha

Rediff.com2 Dec 2024

'Slogans like 'Ek hai toh safe hai' and 'Batenge toh katenge' resonated with voters.'

When A PM Miraculously Escaped Air Crash

When A PM Miraculously Escaped Air Crash

Rediff.com17 Feb 2025

Wing Commander Raveendran and flight steward Sargeant Iyer, though shaken and injured, managed to open the rear door of the aircraft and shouted for Prime Minister Morarji Desai and the passengers in the forward cabin to exit in haste since they suspected that fire would engulf the aircraft.

Now, Karnataka Wants To Scrap NEET

Now, Karnataka Wants To Scrap NEET

Rediff.com26 Jul 2024

Karnataka has the highest number of medical seats in the country at 11,745, of which 3,750 seats were in government institutions and 7,995 seats were in private colleges.

From Feb 29 you can't top up Paytm wallet, FASTag etc

From Feb 29 you can't top up Paytm wallet, FASTag etc

Rediff.com31 Jan 2024

The RBI on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024.

India, Russia set $100 bn annual trade target by 2030

India, Russia set $100 bn annual trade target by 2030

Rediff.com9 Jul 2024

India and Russia on Tuesday set a target of $100 billion in annual trade volume by 2030 and vowed to develop a robust bilateral payment settlement mechanism using national currencies. The two sides also inked a total of nine agreements to further broadbase cooperation in a range of areas including in the economic domain following summit talks between Prime Minister Narendra Modi and Russian President Vladimir Putin.

Adulterated Drugs On Decline Amid Crackdown

Adulterated Drugs On Decline Amid Crackdown

Rediff.com10 Oct 2024

Rise in raids on illicit drug manufacturing units, alongside arrests for the production, sale, or distribution of spurious or adulterated drugs.

Know How To Plan Your Taxes

Know How To Plan Your Taxes

Rediff.com5 Dec 2024

'If you invest in a rush at the last moment, you could compromise on selecting the best tax-saving options.'

EPFO logs nearly 20 lakh net new members in July

EPFO logs nearly 20 lakh net new members in July

Rediff.com23 Sep 2024

Retirement fund body EPFO recorded a net addition of 19.94 lakh members in July this year, the labour ministry said on Monday. Union Labour Minister Mansukh Mandaviya said at a press conference that 10.52 lakh new or first-time workers subscribed to social security schemes run by Employees' Provident Fund Organisation (EPFO). The minister said almost 20 lakh net new members addition (19.94 lakh) was recorded in July this year.

Mamata offers shelter to Bangladeshis amid violence

Mamata offers shelter to Bangladeshis amid violence

Rediff.com21 Jul 2024

Banerjee also appealed to the people of West Bengal not to get provoked over matters concerning the current situation in Bangladesh.

'No need to panic on draft infra guidelines'

'No need to panic on draft infra guidelines'

Rediff.com24 May 2024

'It's a debatable topic, and we will submit our comments to the RBI by June 15.'

Delhi's Air Is Forcing People To Migrate

Delhi's Air Is Forcing People To Migrate

Rediff.com25 Nov 2024

Some residents have already taken this step to relocate, either temporarily or permanently, some to their native places and others to clean-air destinations like Goa and Himachal Pradesh.

Travellers from G20 nations can use UPI in India: RBI

Travellers from G20 nations can use UPI in India: RBI

Rediff.com8 Feb 2023

The Reserve Bank on Wednesday allowed inbound travellers from G20 nations arriving at select airports to use the popular UPI for making payments in the country. Later, the RBI also proposes to extend the Unified Payments Interface (UPI) facility to travellers from all countries. UPI is a system that powers multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing & merchant payments into one hood.

After UPI and ULI, banks to set up Unified Recovery Interface

After UPI and ULI, banks to set up Unified Recovery Interface

Rediff.com9 Sep 2024

Eying benefits from digital banking, lenders are now looking at building Unified Recovery Interface (URI) for enhancing efficiency, reducing costs, and getting good prices for properties of defaulters. This would be managed by PSB Alliance Ltd, a company set up by all public sector banks in the country. M V Rao, chairman, Indian Banks' Association (IBA), said: "Till now we had Unified Payments Interface (UPI), a product developed by National Payments Corporation Ltd (NPCI).

Ranji Trophy likely to be played in two halves in 2024-25 season

Ranji Trophy likely to be played in two halves in 2024-25 season

Rediff.com11 May 2024

Five Ranji Trophy league matches will be followed by white ball tournaments -- Syed Mushtaq Ali Trophy and Vijay Hazare Trophy.

India gets details of hundreds of Swiss bank accounts in 4th tranche

India gets details of hundreds of Swiss bank accounts in 4th tranche

Rediff.com10 Oct 2022

India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries.

Deposits grew slower than loans

Deposits grew slower than loans

Rediff.com9 Jul 2024

Most lenders that have reported their April-June business update posted slower growth in deposits sequentially as compared to the loan growth in the April-June quarter of 2024-25 (FY25). Current and savings account (CASA) deposits continue to face pressure. Private-sector lenders YES Bank, Bandhan Bank, and RBL Bank saw their deposit growth contract by 0.5 per cent, 1.5 per cent, and 2 per cent, respectively.

Priyanka effect missing in Wayanad as voter turnout falls to 65%

Priyanka effect missing in Wayanad as voter turnout falls to 65%

Rediff.com14 Nov 2024

Brisk polling was seen for the Wayanad Lok Sabha and the Chelakkara assembly seats in Kerala as they witnessed a turnout of 20.54 and 19.08 per cent, respectively, after the first three hours of voting on Wednesday.

National Pension System: HR interest far from retiring

National Pension System: HR interest far from retiring

Rediff.com14 Oct 2013

Most insurers aren't comfortable with subscribing to the National Pension System as they see it as competition.

Delhi coaching centre breaks silence on 3 deaths, says...

Delhi coaching centre breaks silence on 3 deaths, says...

Rediff.com28 Jul 2024

The coaching centre at whose establishment three students died due to rain-induced flooding in the basement on Sunday condoled the loss of young lives and said they are fully committed to supporting the ongoing investigation.

Tilak: The Man In His Times

Tilak: The Man In His Times

Rediff.com21 Sep 2024

Lokmanya Tilak lived a life replete with contradictions, although he modified many of his positions later in life.

12 industrial smart cities - A vital cog in India's development journey

12 industrial smart cities - A vital cog in India's development journey

Rediff.com13 Sep 2024

Given the high priority accorded to the manufacturing sector, several policy initiatives around the theme of Atmanirbhar Bharat have been set in motion to address its competitiveness and growth. Some notable examples include the PLI scheme and the employment-linked incentive scheme announced in the recent Union Budget. The Budget also announced the setting up of 12 industrial parks under the National Industrial Corridor Development Programme (NICDP).

Dangerous narrative: BJP slams Rahul's remarks on Sikhs

Dangerous narrative: BJP slams Rahul's remarks on Sikhs

Rediff.com10 Sep 2024

"I condemn is the strongest terms the statement he has made about Sikhs not being able to wear turbans and kadas," the BJP leader from the Sikh community said.

The Legend That Was Pritish Nandy

The Legend That Was Pritish Nandy

Rediff.com9 Jan 2025

He was colourful. He was dramatic. He was The Master of His Craft. There never will be an editor as versatile as Pritish Nandy, notes Nikhil Lakshman.

Rajnath's military mantra: Synergised, swift, proportionate response

Rajnath's military mantra: Synergised, swift, proportionate response

Rediff.com5 Sep 2024

Defence Minister Rajnath Singh on Thursday called upon the top military brass to analyse the conflicts in Ukraine and Gaza as well as the current situation in Bangladesh to "predict" any future problems and stay prepared to deal with the "unexpected".

How You Can Save Rs 17,500 In New Tax Regime

How You Can Save Rs 17,500 In New Tax Regime

Rediff.com24 Jul 2024

'The adjustments (of tax slabs and standard deduction) will reduce the tax burden for salaried individuals with an income of around Rs 20 lakh by approximately Rs 18,000.' 'For non-salaried individuals with the same income level, the savings will be around Rs 10,000.'

'Unemployment Is Higher Among Educated Youth'

'Unemployment Is Higher Among Educated Youth'

Rediff.com28 Jun 2024

'The more educated a young person is, the higher the chances of him or her remaining unemployed.'

NPS vs UPS: Which is Best for YOU?

NPS vs UPS: Which is Best for YOU?

Rediff.com6 Sep 2024

Switching to the UPS could be a game-changer for your retirement planning, especially if you value guaranteed benefits and higher government contributions, observes Ramalingam Kalirajan.

Students protesting coaching centre deaths detained

Students protesting coaching centre deaths detained

Rediff.com28 Jul 2024

A few students were detained after they staged a protest in Old Rajinder Nagar in New Delhi on Sunday, demanding action against those responsible for the deaths of three civil services aspirants at a coaching centre in the area, and compensation for their families.