News for 'National Treasury'

Ram temple land purchase a fit case for CBI, ED probe: Raut

Ram temple land purchase a fit case for CBI, ED probe: Raut

Rediff.com25 Jun 2021

Shiv Sena's Sanjay Raut said the Bharatiya Janata Party's national executive should pass a resolution to demand investigation by these agencies in the land case.

Sitharaman's sixth budget speech is also her shortest

Sitharaman's sixth budget speech is also her shortest

Rediff.com1 Feb 2024

She also holds the distinction of delivering the longest budget speech at two hours and forty minutes in 2020.

What Happens If Biden Drops Out?

What Happens If Biden Drops Out?

Rediff.com11 Jul 2024

The Democrats have elected a set of state representatives who will act as an electoral panel. These representatives will have to pick someone else. This could be Vice President Kamala Harris, who is widely seen as a top contender, but is not popular, points out Aakar Patel.

Modi's Invincibility Is Gone And Gone Forever

Modi's Invincibility Is Gone And Gone Forever

Rediff.com21 Jun 2024

It is possible to be blind to this and pretend to carry on as if nothing has happened but that will not change the reality, asserts Aakar Patel.

Sky Is NOT The Limit For These Stars

Sky Is NOT The Limit For These Stars

Rediff.com26 Feb 2024

A picture of glamour and grit in the face of an emergency, the air hostess, flight attendant or air stewardess is often the hero we didn't know we needed.

Equity market valuation rises as US bond yields ease

Equity market valuation rises as US bond yields ease

Rediff.com18 Dec 2023

The Indian equity market valuation has been moving in tandem with the US 10-year treasury yield. While the benchmark US bond yield has witnessed a nearly 70 basis point decline since the end of October this year, dropping from 4.93 per cent to 4.23 per cent on Friday, the Sensex earnings yield has slipped by nearly 45 basis points - from 4.5 per cent to 4.05 per cent. Previously, Indian equities' earnings yields rose in sync with the US bond yields.

Why Modi Needs To Make Peace With The Opposition

Why Modi Needs To Make Peace With The Opposition

Rediff.com10 Jul 2024

Modi's inability to make peace with a renewed Opposition will only embolden his coalition partners and it is just a matter of time before they begin asking probing questions besides politely disagreeing with his tactics, predicts Nilanjan Mukhopadhyay.

US Targets India's Russian Oil Source

US Targets India's Russian Oil Source

Rediff.com28 Feb 2024

Urals and Sokol accounted for every 4 out of 5 barrels of Russian supplies to India last year.

Dadra And Nagar Haveli: How The Portuguese Were Defeated

Dadra And Nagar Haveli: How The Portuguese Were Defeated

Rediff.com26 Sep 2024

They realised that the Portuguese were better prepared to defend Daman than Dadra and Nagar Haveli. If reinforcements from Daman were to reach Silvassa, there was no chance of defeating the Portuguese. They decided that cutting Daman's communication lines would have to be their top priority before attacking Silvassa. A fascinating excerpt from Neelesh Kulkarni's new book, Uprising-The Liberation of Dadra and Nagar Haveli.

Budget 2024: 'We have to be intelligent'

Budget 2024: 'We have to be intelligent'

Rediff.com1 Nov 2023

'The global situation is not very good.'

Why Foreign Financial Firms Quit India

Why Foreign Financial Firms Quit India

Rediff.com24 May 2024

There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu.

FX derivatives mkt in a fix before new RBI rules

FX derivatives mkt in a fix before new RBI rules

Rediff.com11 Apr 2024

Exchange-traded currency derivatives volumes are likely to drop in view of new Reserve Bank of India (RBI) rules, casting a cloud over further participation of retail investors and proprietary traders. There are concerns that existing positions without any underlying exposure will need to be liquidated. Also, weighed down by dollar demand from local oil companies and weakness in its Asian peers, the rupee on Wednesday (April 3) ended at a new closing low of 83.44 versus the US currency.

Plot to kill Pannun: FBI chief to visit India next week

Plot to kill Pannun: FBI chief to visit India next week

Rediff.com7 Dec 2023

It is expected that FBI chief Wray will hold talks with senior Indian security officials.

Biden imposes new sanctions on Russia for annexing Ukrainian regions

Biden imposes new sanctions on Russia for annexing Ukrainian regions

Rediff.com1 Oct 2022

Meanwhile, US President Joe Biden condemned Russia's annexation of Ukrainian territory on Friday.

Imran Khan indicted in Toshakhana case; handed over to NAB for 8 days

Imran Khan indicted in Toshakhana case; handed over to NAB for 8 days

Rediff.com11 May 2023

Khan was arrested on Tuesday in the case, sparking massive country-wide protests by his supporters.

Pak SC finds Imran's arrest illegal, orders his immediate release

Pak SC finds Imran's arrest illegal, orders his immediate release

Rediff.com11 May 2023

In a major relief for Imran Khan, Pakistan's Supreme Court on Thursday declared the former prime minister's arrest "illegal" and ordered his immediate release after he was produced before a bench on its orders.

After Lingayat party chief, BJP picks Vokkaliga as leader of opposition

After Lingayat party chief, BJP picks Vokkaliga as leader of opposition

Rediff.com17 Nov 2023

Union Finance Minister Nirmala Sitharaman, BJP national general Secretary Dushyant Kumar Gautam, BJP state unit president B Y Vijayendra, and former chief ministers B S Yediyurappa and Basavaraj Bommai were among those present at the legislature party meeting, where R Ashoka was picked as its leader.

'Desperate' Imran 'begged' military to save his govt: Maryam Nawaz

'Desperate' Imran 'begged' military to save his govt: Maryam Nawaz

Rediff.com27 Apr 2022

Maryam told the charged workers that the days of trouble for Khan had begun.

Was Modi Worried About Shyam Rangeela?

Was Modi Worried About Shyam Rangeela?

Rediff.com23 May 2024

Rangeela's presence in the fray could have been trifle uncomfortable for Modi. He may not have posed an electoral challenge to the prime minister, but Rangeela's public meetings could have seen people flocking, if only to hear him mimic Modi. In a completely Modi-centric election, the presence of a 'rival' -- if only for a smattering of audience at his meetings -- would not have been particularly appreciated by Modi, asserts Nilanjan Mukhopadhyay, author of Narendra Modi: The Man, The Times.

Islamabad HC grants two-week bail to Imran Khan

Islamabad HC grants two-week bail to Imran Khan

Rediff.com12 May 2023

A division bench comprising Justice Miangul Hassan Aurangzeb and Justice Saman Rafat Imtiaz heard the Al Qadir trust corruption case, a day after the Supreme Court termed Khan's arrest from the IHC premises on Tuesday as 'invalid and unlawful'.

J P Morgan to add G-Secs to its emerging markets index from next year

J P Morgan to add G-Secs to its emerging markets index from next year

Rediff.com22 Sep 2023

Global financial firm J P Morgan has said that it plans to include Indian government bonds (IGBs) or government securities (G-Secs) into its benchmark Emerging Market index from next year, a move that will bring down borrowing cost for the government. The inclusion of the IGBs will be staggered over a 10-month period from June 28, 2024 to March 31, 2025, indicating one per cent increment on its index weight. "India's weight is expected to reach the maximum weight threshold of 10 per cent in the GBI-EM Global Diversified, and approximately 8.7 per cent in the GBI-EM Global index," J P Morgan said in a statement on Friday.

New agency likely to manage public debt

New agency likely to manage public debt

Rediff.com22 Nov 2008

The statutory body, which will be named the National Treasury Management Agency, will act as a debt manager handling the borrowings for the centre and states. Despite being a statutory body, NTMA would be under 'general superintendence and control of the government' and its head would be directly accountable to the finance ministry. The objective of the agency is to meet the borrowing needs of the government at lower cost, and function within an 'acceptable level of risk'.

'Modi, Modi' countered with 'Adani, Adani' during Budget speech

'Modi, Modi' countered with 'Adani, Adani' during Budget speech

Rediff.com1 Feb 2023

Finance Minister Nirmala Sitharaman's Budget speech on Wednesday was marked by the usual thumping of benches by the ruling alliance members, but the loudest cheer was reserved for her announcement of income tax relief, which was welcomed by 'Modi, Modi' chants in Lok Sabha that also witnessed a few instances of protest by the Opposition.

BJP asks why Rahul didn't open debate on no-trust motion, Cong says...

BJP asks why Rahul didn't open debate on no-trust motion, Cong says...

Rediff.com8 Aug 2023

The last minute decision of the Congress to withdraw Rahul Gandhi's name as the lead speaker on the no-confidence motion in the Lok Sabha led to heated exchanges between the opposition and treasury benches on Tuesday.

Record FPI inflows in debt market mark over 6-year high in December

Record FPI inflows in debt market mark over 6-year high in December

Rediff.com9 Jan 2024

Foreign portfolio investors' (FPIs') net investments in the domestic debt market surged in December, marking a 77-month high, that is, since July 2017. According to market participants, this significant uptick in FPI inflows can be attributed to the post-domestic policy outcome and the US Federal Reserve's dovish stance at the December policy. FPI inflows into debt stood at Rs 18,393 crore in December against Rs 14,106 crore in November, according to data on the National Securities Depository Limited.

When Modi told Oppn to be ready to bring no trust vote again in 2023

When Modi told Oppn to be ready to bring no trust vote again in 2023

Rediff.com26 Jul 2023

"I want to send you my good wishes that you prepare so much that you get a chance to bring a no-confidence again in 2023," he had said while replying in Lok Sabha to the no-confidence motion in 2019, ahead of the general elections.

Upset LS speaker skips proceedings; Oppn walks out of RS

Upset LS speaker skips proceedings; Oppn walks out of RS

Rediff.com2 Aug 2023

Parliament officials said Birla was upset at the behaviour of both the Opposition and Treasury benches during the passage of bills in the Lok Sabha on Tuesday.

Heated exchange in RS over Kharge's 'not a dog of BJP' remark

Heated exchange in RS over Kharge's 'not a dog of BJP' remark

Rediff.com20 Dec 2022

Ruling and opposition members in Rajya Sabha on Tuesday sparred over 'foul' remarks made by Congress president Mallikarjun Kharge in Rajasthan's Alwar, with treasury bench members seeking an apology from him.

Former Pak ministers Shah Mehmood Qureshi, Fawad Chaudhry arrested

Former Pak ministers Shah Mehmood Qureshi, Fawad Chaudhry arrested

Rediff.com11 May 2023

A video shared by Qureshi's Pakistan Tehreek-e-Insaf (PTI) party on Twitter shows plain-clothed men taking him away, with him waving at party workers before departing from the location where he was detained.

India, US to explore alternate mechanism to fund renewable energy

India, US to explore alternate mechanism to fund renewable energy

Rediff.com17 Jul 2023

India and the US on Monday committed to further improving bilateral ties, exploring alternate mechanisms for funding renewable energy and actively pursuing the G20 agenda which includes strengthening MDBs and taking coordinated action to deal with climate change. Several issues, including climate action, rising indebtedness in low and middle income countries and digital public infrastructure, figured during a bilateral meeting between Finance Minister Nirmala Sitharaman and US Treasury Secretary Janet Yellen held on the sidelines of the G20 meeting of Finance Ministers and Central Bank Governors. India, Sitharaman said, will "look forward to furthering ... bilateral interests through development cooperation and new investment opportunities through Alternate Investment platforms for renewable energy."

New party linked to 26/11 attack mastermind Hafiz Saeed to contest Pak polls

New party linked to 26/11 attack mastermind Hafiz Saeed to contest Pak polls

Rediff.com5 Feb 2024

India has also taken note of reports of Saeed's son Talha contesting elections in Pakistan and said the "mainstreaming" of radical terror outfits in the neighbouring country is nothing new and that it has been part of its State policy for a long time.

Lok Sabha clears 3 criminal law bills in absence of Opposition

Lok Sabha clears 3 criminal law bills in absence of Opposition

Rediff.com20 Dec 2023

The Lok Sabha on Wednesday passed three bills to replace the colonial-era criminal laws by voice vote.

LeT terrorist who trained 26/11 attackers dies in Pak jail

LeT terrorist who trained 26/11 attackers dies in Pak jail

Rediff.com31 May 2023

Hafiz Abdul Salam Bhuttavi, an United Nations-designated terrorist who trained the Lashkar-e-Taiba (LeT) attackers for the 2008 Mumbai terror attack and acted as the outfit's chief on at least two occasions, died in a prison in Pakistan's Punjab province while serving a sentence for terror financing, his aide said on Wednesday.

25-bp deposit rate hike likely this festival season

25-bp deposit rate hike likely this festival season

Rediff.com20 Sep 2023

The Reserve Bank of India's (RBI's) decision to withdraw the incremental cash reserve ratio (I-CRR) is expected to benefit banks during the festival season. They are likely to increase deposit rates by up to 25 basis points (bps) in select maturity buckets. The rise in demand for funds to cover tax payments and meet quarter-end business targets could influence rate decisions by banks, according to bankers and money market executives.

At UN, China objects India's proposal to blacklist JeM terrorist

At UN, China objects India's proposal to blacklist JeM terrorist

Rediff.com11 May 2023

Rauf Azhar, born in 1974 in Pakistan, had been sanctioned by the United States in December 2010.

What If Modi Scores Below 200 Seats...

What If Modi Scores Below 200 Seats...

Rediff.com11 Apr 2024

If the BJP gets only 200 seats and wants to remain in power, Modi will have to make way -- either for a proxy of his choice, or for an internal rival, predicts Nilanjan Mukhopadhyay.

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.

Absconding rape-accused Nithyananda sets up his own nation 'Kailaasa'

Absconding rape-accused Nithyananda sets up his own nation 'Kailaasa'

Rediff.com4 Dec 2019

The country has its own triangular flag with an emblem of Paramashiva and Nandi and is called the 'Rishabha Dhvaja'.

Global Dark Economy Clouds Hover Over India

Global Dark Economy Clouds Hover Over India

Rediff.com30 Aug 2023

'Rhetoric and chest-thumping are running high on India's recent growth record.'
'But will the giant waves developing elsewhere allow us to sail smoothly into fair winds?' asks Debashis Basu.