News for 'National System of Accounts'

Pakistan Poll Results Stun Army

Pakistan Poll Results Stun Army

Rediff.com10 Feb 2024

The result is a big blow to the military establishment, revealing the limits of 'political engineering'. It reflected the anger of the electorate, especially its younger voters, who have spoken decisively against the persistent harassment and victimisation of Imran Khan's political party, asserts Rana Banerji, who headed the Pakistan desk at RA&W.

Controversy erupts as Prasad slams BCCI's mismanagement

Controversy erupts as Prasad slams BCCI's mismanagement

Rediff.com10 Sep 2023

My criticism for BCCI was about ticketing, scheduling and not against any individual: Prasad

RBI may introduce CBDC in call money market soon

RBI may introduce CBDC in call money market soon

Rediff.com5 Sep 2023

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.

G20: From Aadhaar to UPI, 'Digital India' on display

G20: From Aadhaar to UPI, 'Digital India' on display

Rediff.com8 Sep 2023

A number of exhibitions at the Bharat Mandapam, the convention centre which will host key G20 summit meetings, will showcase India's technological prowess and innovation, and offer a multitude of unique experiences to the visitors.

Musk, The Blue Tick, Twitter's Future

Musk, The Blue Tick, Twitter's Future

Rediff.com18 Nov 2022

It would be ludicrous to expect Modi, Erdogan or Biden to pay to keep blue ticks on their respective official accounts. It would be equally ludicrous to expect the Delhi Metro or the Income Tax Department to pay, points out Devangshu Datta.

Now, PAN As A Single Business ID

Now, PAN As A Single Business ID

Rediff.com19 Jan 2023

'Each state and central government body may be asked to update its system to ensure PAN is used as a common identification to access its services.'

In debate over NPS and EPFO returns, one retirement fund edges ahead

In debate over NPS and EPFO returns, one retirement fund edges ahead

Rediff.com12 Jun 2023

If you work for 30 years, a two per cent difference in pension returns can reduce your final retirement nest egg by 40 per cent. The Rs 9-trillion National Pension System (NPS) seems to be delivering incrementally higher returns than the twice-as-large Employees' Provident Fund Organisation (EPFO), shows a Business Standard analysis of data over the last seven years for the two retirement fund bodies. An investor who put in Rs 100 in retirement savings seven years ago would have seen her NPS nest egg grow to Rs 182 by 2023, according to the analysis based on the Pension Fund Regulatory and Development Authority's recently released Handbook of National Pension System Statistics 2023.

Why Election 2024 Is So Subdued...

Why Election 2024 Is So Subdued...

Rediff.com22 Apr 2024

'It's dull because this time the election is spread over such a long period.'

UN chief invokes rarely-used power on Gaza

UN chief invokes rarely-used power on Gaza

Rediff.com7 Dec 2023

Guterres urged members of the Security Council to press to avert a humanitarian catastrophe and appealed for a humanitarian ceasefire to be declared.

'India Inc can overcome hurdles in adopting new accounting standard'

'India Inc can overcome hurdles in adopting new accounting standard'

Rediff.com1 Sep 2015

From FY18, Ind-AS will be mandatory for all listed entities, barring those listed on the SME platform.

Poll bonds not standalone attempt to curb black money, govt tells SC

Poll bonds not standalone attempt to curb black money, govt tells SC

Rediff.com1 Nov 2023

The Centre told the Supreme Court on Wednesday that almost every country, including India, was grappling with the problem of use of black money in elections and the electoral bonds scheme was a "conscious attempt" to eradicate the menace of "unclean money" in the poll process.

Crypto can't be legal tender; blanket ban not easy: IMF-FSB paper

Crypto can't be legal tender; blanket ban not easy: IMF-FSB paper

Rediff.com8 Sep 2023

Crypto assets should not be granted official currency or legal tender status, the much-awaited synthesis paper by the International Monetary Fund (IMF) and Financial Stability Board (FSB) has said ahead of the G20 leadership summit under India's presidency. However, the report has argued against a blanket ban on activities linked to crypto assets, explaining that such a move can be costly as well as technically demanding to enforce. Central banks should avoid holding crypto assets in their official reserve as they pose a risk to monetary and global financial stability, according to the synthesis paper.

Discount vs traditional brokers: Cost dynamics, challenges ahead

Discount vs traditional brokers: Cost dynamics, challenges ahead

Rediff.com9 Oct 2023

The equity cult has grown at a rapid pace in India in the last few years, with retail investors latching on to the stock markets like never before. At 126.6 million, the number of dematerialised (demat) accounts, where investors hold their securities in electronic form for trading purposes, are at record high levels. The growth rate, on an annualised basis, stood at 27 per cent in 2022-2023, up from barely 6 per cent a decade ago.

Who is Isudan Gadhvi, AAP's Gujarat CM candidate?

Who is Isudan Gadhvi, AAP's Gujarat CM candidate?

Rediff.com4 Nov 2022

'I am entering politics because I have seen the sufferings of the people of Gujarat'

India registered 9.3 lakh cancer deaths, 2nd highest in Asia

India registered 9.3 lakh cancer deaths, 2nd highest in Asia

Rediff.com3 Jan 2024

Researchers found that India, along with China and Japan, were the three leading countries in Asia in terms of number of new cases and deaths, where they say cancer has become a more significant public health threat with 94 lakh new cases and 56 lakh deaths in 2019.

Dead patients getting treatment under PM-JAY? Health Ministry replies

Dead patients getting treatment under PM-JAY? Health Ministry replies

Rediff.com17 Aug 2023

The reports also claim that the same beneficiary had been found to avail treatment at two hospitals at the same time.

Will Power Decide Telangana Victor?

Will Power Decide Telangana Victor?

Rediff.com29 Nov 2023

24x7 power supply to farmers emerges as a political lightning rod in the state.

The RBI Way Of Firefighting

The RBI Way Of Firefighting

Rediff.com8 Apr 2024

Why is the RBI harsh on Paytm Payments Bank? Why did it give Rana Kapoor of Yes Bank Ltd such a long rope?Often, it's a long investigation process, but the RBI doesn't discuss this openly since that can threaten financial sector stability, explains Tamal Bandyopadhyay.

'The Kuno project is doomed to fail'

'The Kuno project is doomed to fail'

Rediff.com25 Aug 2023

'The space required for wild cheetah populations to thrive was grossly under-estimated.' 'Cheetahs, because of their social system and ecologically fragile nature, live at only 1 cheetah per 100 sq kms even in the best habitats of Africa.'

India moves to T+1 settlement from Friday: Here's what experts say

India moves to T+1 settlement from Friday: Here's what experts say

Rediff.com27 Jan 2023

Friday will be a landmark day for domestic markets, with all the listed stocks entering the professed T+1 (trading plus one day) settlement cycle. About 200 stocks, which account for more than 80 per cent of India's market capitalisation, will be settled on a next-day basis, with effect from January 27. This will evidently complete the transition to the T+1 cycle that started in February 2022 with the bottom 500 stocks in terms of market value.

Will make process of appointments to SC more transparent, says CJI

Will make process of appointments to SC more transparent, says CJI

Rediff.com15 Sep 2023

"We have prepared a broad platform where we have assessed the top 50 judges of the country who would be considered for appointment to the Supreme Court of India. We have data on judgments and the quality of judgments. The idea is to make the process of appointment in the Supreme Court more transparent," the CJI said.

'We can't leave such complex and innumerable operations to humans'

'We can't leave such complex and innumerable operations to humans'

Rediff.com8 Jun 2023

'When I talk to my colleagues in the Railways, they say 'aadmi toh bohot hai, lekin matlab ka aadmi ek bhi nahi hai (the Railways has a bloated workforce, but doesn't have employees with have the skillsets that matter)'.'

Gold Loans On RBI, Finance Ministry Radar

Gold Loans On RBI, Finance Ministry Radar

Rediff.com28 Mar 2024

Loan against gold as a product is catching on fast. Let's keep the momentum going, but aim for sustainable growth. A few bad apples should not ruin the brunch, argues Tamal Bandyopadhyay.

Post office staff swindles Rs 96 cr of public money in saving schemes: CAG

Post office staff swindles Rs 96 cr of public money in saving schemes: CAG

Rediff.com10 Aug 2022

The staff at post offices misappropriated Rs 95.62 crore of public money between November 2002 and September 2021, the Comptroller and Auditor General has said. The money may seem small but it is what common citizen invested in post office savings, the oldest and the largest banking system in the country. The system serves the investment needs of urban and rural clients through schemes such as savings bank, recurring deposits, time deposits, national savings certificates, kisan vikas patras, public provident fund, monthly income account scheme, sukanya samriddhi accounts and senior citizens savings scheme.

India experienced major human rights issues in 2022: US report

India experienced major human rights issues in 2022: US report

Rediff.com21 Mar 2023

Released by secretary of state Antony Blinken, the annual human rights reports of the state department is a mandatory requirement of the US Congress giving details of human rights status in countries across the world.

UN condemns Gaza hospital attack, calls for ceasefire

UN condemns Gaza hospital attack, calls for ceasefire

Rediff.com18 Oct 2023

The United Nations, its top leaders and agencies have expressed horror and strong condemnation over the killing of hundreds of civilians in a strike on a hospital in Gaza, underscoring that attack on hospitals or civilian infrastructure is against international humanitarian law and called for holding those responsible to account.

Rijiju cites SC order to seek govt nominee in collegiums

Rijiju cites SC order to seek govt nominee in collegiums

Rediff.com16 Jan 2023

Rijiju made the remarks while responding to Delhi Chief Minister Arvind Kejriwal, who dubbed as 'extremely dangerous' the government's move to ask the Supreme Court to include its nominees in collegium.

'Investing is a loser's game'

'Investing is a loser's game'

Rediff.com5 Jul 2023

'In investing, you have to first make sure you don't make big mistakes.' 'I would advise small investors to be systematic, don't be arbitrary; don't be on either end of the risk spectrum.' 'Don't go from fixed deposit to option trading or crypto trading.'

High on G20 bonhomie, India readies 4th summit with African Union

High on G20 bonhomie, India readies 4th summit with African Union

Rediff.com3 Oct 2023

Keen to capitalise on the growing geopolitical support from African nations after the recently concluded G20 Summit, India is working with the African Union to hold the fourth India-Africa Forum Summit later this year in Kenya's Nairobi, sources said. Prime Minister Narendra Modi is expected to attend the mega meet along with as many as 50 African leaders, they added. First held in New Delhi in 2008, the India-Africa Forum Summit marked India's initial diplomatic efforts to seek a comprehensive partnership with the African bloc of nations as a whole, at a time when China had begun its own outreach.

'I didn't want to spend the rest of my life as Om Birla's slave'

'I didn't want to spend the rest of my life as Om Birla's slave'

Rediff.com2 Apr 2024

'The people of Kota will show Om Birla his place.'

'India's IT system is safe and secure'

'India's IT system is safe and secure'

Rediff.com23 Mar 2018

'Information highways are getting stronger and being strengthened.' 'Occasionally, accidents could occur. But do you stop constructing highways because two motor cars collide?'

Govt delaying judges' appointment till...: Cong

Govt delaying judges' appointment till...: Cong

Rediff.com17 Jan 2023

The Congress' attack comes after Law Minister Rijiju wrote to Chief Justice of India D Y Chandrachud suggesting the inclusion of representatives from the Union and state governments in the Supreme Court and high court collegiums.

RS nod to bill for new system of appointing judges

RS nod to bill for new system of appointing judges

Rediff.com5 Sep 2013

A Constitutional Amendment Bill paving way for the creation of a Judicial Appointments Commission to replace the present collegium system to appoint judges to higher courts was passed in the Rajya Sabha on Thursday amid high drama with the Bharatiya Janata Party walking out.

Delhi may see best Diwali day air quality in 8 years if...

Delhi may see best Diwali day air quality in 8 years if...

Rediff.com12 Nov 2023

This time, Delhi saw a sharp improvement in air quality just ahead of Diwali which can be attributed to intermittent rainfall on Friday and wind speed favourable for the dispersion of pollutants.

Aadhaar not mandatory for bank accounts, phones... for now

Aadhaar not mandatory for bank accounts, phones... for now

Rediff.com13 Mar 2018

The deadline of March 31 has been postponed till the apex court delivers its final judgment.

Impartial audit essential for resilient economy: Das

Impartial audit essential for resilient economy: Das

Rediff.com25 Oct 2021

Reserve Bank Governor Shaktikanta Das said on Monday that fair and impartial auditing is essential for a resilient economy as it instils confidence among citizens. Addressing officers at the National Academy of Audit and Accounts, Das said that audit is important for the country as public expenditure decisions are based on these reports. Observing that there is a need to improve the quality and depth of audit, he said the Reserve Bank has taken a host of steps in consultation with the Institute of Chartered Accountants of India (ICAI) for improving the audit of banks and financial institutions.

Monsoon covers Delhi, Mumbai together, breaks 62-year-old record

Monsoon covers Delhi, Mumbai together, breaks 62-year-old record

Rediff.com25 Jun 2023

While it hit the national capital two days before schedule, its entry into the financial capital is two weeks late, the Met office said.

Rebuild system, restore credibility of govt: Mufti tells ministers

Rebuild system, restore credibility of govt: Mufti tells ministers

Rediff.com2 Mar 2015

J&K CM Mufti Mohammed Sayeed on Monday asked his ministers to work to rebuild the system and to restore credibility.

Rail tragedy: Cong alleges govt ignored CAG warning

Rail tragedy: Cong alleges govt ignored CAG warning

Rediff.com4 Jun 2023

The Opposition party asked whether the prime minister will take responsibility for the 'deadliest rail tragedy' of this century.