News for 'New Development Bank'

Hazaribag Treasury Scam: Arrests Increase as Embezzlement Reaches 28 Crore

Hazaribag Treasury Scam: Arrests Increase as Embezzlement Reaches 28 Crore

Rediff.com10 Apr 2026

The Hazaribag Superintendent of Police (SP) Office treasury scam has seen further developments with more arrests and a significant increase in the embezzlement amount to 28 crore. The investigation continues, with authorities pursuing leads in Bihar and freezing suspicious accounts.

Remittances from West Asia see 20-30% jump in March due to conflict

Remittances from West Asia see 20-30% jump in March due to conflict

Rediff.com20 Mar 2026

Remittances from West Asia in March rose sharply amid the conflict in the region, with industry insiders estimating inflows to be 20-30 per cent higher than what is usual in a month.

RBI Keen to Expand Use of Indian Rupee for Russian Trade

RBI Keen to Expand Use of Indian Rupee for Russian Trade

Rediff.com19 Mar 2026

The Reserve Bank of India (RBI) is exploring ways for Russian trade counterparts to use accumulated Indian rupees (INR) for imports or capital investments in India, aiming to boost INR-Rouble transactions and reduce reliance on the US dollar.

As Iran Tensions Surge, India Leans On UAE

As Iran Tensions Surge, India Leans On UAE

Rediff.com13 Apr 2026

For India, much is at stake: Crucial energy supplies traversing the Strait of Hormuz, the fate of its 10 million citizens living and working in West Asia -- who send generous remittances home -- and its major trade links with the region.

Venugopal Files Defamation Suit Over Election Accusations

Venugopal Files Defamation Suit Over Election Accusations

Rediff.com5 Apr 2026

Congress leader K C Venugopal has filed a defamation complaint against a Haryana-based man, alleging politically motivated accusations ahead of the Kerala Assembly elections.

Modi Vows to Transform Bengal with Six Guarantees

Modi Vows to Transform Bengal with Six Guarantees

Rediff.com9 Apr 2026

Prime Minister Narendra Modi announced six guarantees for West Bengal if the BJP wins the Assembly polls, criticising the TMC government and promising development and accountability.

Chandigarh Police Probe 116 Crore Fraudulent Fixed Deposits

Chandigarh Police Probe 116 Crore Fraudulent Fixed Deposits

Rediff.com10 Mar 2026

Chandigarh Police have launched an investigation into a fraud involving fake fixed deposit receipts (FDRs) worth 116.84 crore, allegedly issued by a private bank manager, impacting the Chandigarh municipal corporation's funds.

Pvt banks may lose ground again in FY26 as credit growth lags

Pvt banks may lose ground again in FY26 as credit growth lags

Rediff.com3 Dec 2025

India's private-sector banks are likely to lose market share for a second consecutive year in 2025-26, as their loan books continue to expand much slower than overall bank credit.

Tax Guide: MFs, Property, Pension And Redevelopment

Tax Guide: MFs, Property, Pension And Redevelopment

Rediff.com29 Apr 2026

Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.

India-born to head European development bank

India-born to head European development bank

Rediff.com21 May 2012

India-born Suma Chakrabarti will succeed Germany's Thomas Mirow as the President of the European Bank for Reconstruction and Development (EBRD), which has been supporting economic transition in former Eastern Bloc countries and Soviet republics for the last two decades.

Amit Shah Promises to Drive Out Infiltrators from Bengal if BJP Forms Government

Amit Shah Promises to Drive Out Infiltrators from Bengal if BJP Forms Government

Rediff.com15 Apr 2026

Union Home Minister Amit Shah has promised to expel infiltrators from West Bengal and secure the border if the BJP wins the upcoming assembly elections. He accused Chief Minister Mamata Banerjee of neglecting North Bengal and favouring Muslims in budget allocations.

Bihar Government Officers Under Scrutiny for Alleged Asset Discrepancies

Bihar Government Officers Under Scrutiny for Alleged Asset Discrepancies

Rediff.com31 Mar 2026

Two senior Bihar government officers are under investigation after the Economic Offences Unit (EOU) discovered property documents, cash deposits, and valuable items allegedly disproportionate to their known income.

'Betrayed again': Modi accuses TMC of denying Bengal women 33% quota

'Betrayed again': Modi accuses TMC of denying Bengal women 33% quota

Rediff.com19 Apr 2026

Prime Minister Narendra Modi has accused the Trinamool Congress (TMC) of betraying women by obstructing the passage of the Constitution (131st Amendment) Bill, 2026, which aimed to reserve 33 per cent of seats in Parliament and state assemblies for women. Modi asserted that women in West Bengal would punish the TMC in the upcoming assembly elections.

CII seeks fiscal support, credit lines for industries hit by West Asia conflict

CII seeks fiscal support, credit lines for industries hit by West Asia conflict

Rediff.com6 Apr 2026

The Confederation of Indian Industry (CII) has proposed a 20-point policy agenda to the finance ministry, including a conflict-linked emergency credit line guarantee scheme and tax rationalisation on energy inputs, to support MSMEs, exporters, and energy-intensive industries affected by the ongoing West Asia war.

Revanth Reddy to Speak at Harvard AI Symposium Amid Budget Session

Revanth Reddy to Speak at Harvard AI Symposium Amid Budget Session

Rediff.com26 Mar 2026

Telangana Chief Minister A Revanth Reddy will virtually deliver the keynote address at the Harvard Kennedy School's AI symposium, focusing on the global AI landscape.

State Bank of India readies plan to ease KYC process

State Bank of India readies plan to ease KYC process

Rediff.com5 Nov 2025

State Bank of India has embarked on a drive to cut the Know Your Customer (KYC) process to a single one across its branches, a top official said on Tuesday.

'Let's Think Of Around 15% Returns Over 12 Months'

'Let's Think Of Around 15% Returns Over 12 Months'

Rediff.com14 Apr 2026

'The March correction was clearly due to the war and with prospects of that coming to a conclusion, there is a natural rally.'

SC to Address Rising Cybercrime of Digital Arrests

SC to Address Rising Cybercrime of Digital Arrests

Rediff.com16 Mar 2026

The Supreme Court of India will hear a suo motu case concerning victims of digital arrest, a growing form of cybercrime where fraudsters impersonate officials to extort money from victims.

Shah Alleges Bengal Infiltration Threatens National Security

Shah Alleges Bengal Infiltration Threatens National Security

Rediff.com28 Mar 2026

Union Home Minister Amit Shah sharpened the BJP's campaign for the West Bengal assembly polls, releasing a 'charge sheet' against the TMC government and framing the election as a battle for the country's security.

Don't allow...: UP CM amid Noida workers' violence

Don't allow...: UP CM amid Noida workers' violence

Rediff.com15 Apr 2026

Adityanath had earlier referred to a conspiracy angle behind the violence during the protest, which is currently under police investigation.

Why is it necessary for a Commodity trader to track metal prices daily?

Why is it necessary for a Commodity trader to track metal prices daily?

Rediff.com21 Apr 2026

Commodity markets, especially the metals, are among the most volatile segments of the Indian financial ecosystem. To traders involved in commodity trading, it is not only helpful to keep track of the daily price changes but also necessary to make informed trading decisions. Commodities like gold, silver, copper, and aluminium react to many different factors, which makes it imperative for commodity traders to watch out for metal prices every day.

Phase out universal subsidies: ADB-PwC study to 16th FC

Phase out universal subsidies: ADB-PwC study to 16th FC

Rediff.com16 Feb 2026

Governments should move away from universal subsidies towards tightly targeted transfers, backed by stricter eligibility norms, sunset clauses and periodic audits to curb leakages and improve spending efficiency, a joint study by Asian Development Bank and PwC has recommended.

Kerala heads to key polls: 2.71 cr voters to decide LDF-UDF-NDA contest

Kerala heads to key polls: 2.71 cr voters to decide LDF-UDF-NDA contest

Rediff.com9 Apr 2026

Kerala is set to hold its Assembly election, with the ruling LDF aiming for a historic third term, the UDF seeking a comeback, and the NDA striving to gain a foothold in the state's political landscape.

Near-term growth, margin triggers missing in Wipro's Q4 results

Near-term growth, margin triggers missing in Wipro's Q4 results

Rediff.com26 Apr 2026

Wipro reported Q4FY26 IT services revenue of $2.6 billion, a modest 0.2 per cent Q-o-Q constant currency growth, with adjusted operating profit margin beating estimates at 17.2 per cent. The company announced a significant share buyback of ~15,000 crore, but faces near-term growth challenges, particularly in the BFSI segment, and has issued a soft Q1FY27 revenue guidance.

'Real Issue Is Land, Not Religion In Assam'

'Real Issue Is Land, Not Religion In Assam'

Rediff.com5 May 2026

'The real fault line in Assam is not Hindu versus Muslim. It is Assamese versus Bengali -- and within that, the specific anxiety about undocumented Bangladeshi settlers claiming land and altering the demographic balance of the state.'

The Luv Kush Factor: Why BJP Picked Samrat Choudhary

The Luv Kush Factor: Why BJP Picked Samrat Choudhary

Rediff.com15 Apr 2026

The BJP will use Samrat Choudhary to make a dent into Nitish Kumar's traditional social support base of Kurmi and Koeri/Kushwaha communities.

TMC's Banerjee Alleges BJP Plot to Alter Bengal's Demography Ahead of Elections

TMC's Banerjee Alleges BJP Plot to Alter Bengal's Demography Ahead of Elections

Rediff.com31 Mar 2026

TMC leader Abhishek Banerjee accuses the BJP of attempting to alter West Bengal's demography by importing voters from other states ahead of the 2026 assembly elections, alleging a conspiracy to undermine the democratic rights of local residents.

India now Maoist-free, declares Amit Shah in Lok Sabha; slams Rahul Gandhi

India now Maoist-free, declares Amit Shah in Lok Sabha; slams Rahul Gandhi

Rediff.com31 Mar 2026

Union Home Minister Amit Shah criticised the Congress party for its alleged inaction in addressing Maoist violence during its long rule, while highlighting the Modi government's success in nearly eradicating Maoists from Bastar, Chhattisgarh.

Gold prices fall sharply amid global economic uncertainty

Gold prices fall sharply amid global economic uncertainty

Rediff.com25 Mar 2026

Gold prices experienced a significant decline in futures trading due to uncertainty surrounding geopolitical tensions in West Asia and conflicting statements regarding the conflict. Investors are also awaiting key macroeconomic data for further direction on interest rate cuts.

Bank loan books report healthy growth in Q2

Bank loan books report healthy growth in Q2

Rediff.com31 Oct 2025

The pickup was driven partly by fresh corporate investment but more by higher working-capital demand.

Mallya Hits Back at Critics After RCB Sale Reaches Almost USD 2 Billion

Mallya Hits Back at Critics After RCB Sale Reaches Almost USD 2 Billion

Rediff.com26 Mar 2026

Fugitive businessman Vijay Mallya responds to criticism of his investment in Royal Challengers Bangalore (RCB) after the franchise was sold for nearly USD 2 billion.

Man Arrested for Duping Over 500 Women in Online Romance Scam

Man Arrested for Duping Over 500 Women in Online Romance Scam

Rediff.com16 Apr 2026

A 35-year-old man has been arrested for allegedly defrauding over 500 women across India of more than Rs 2 crore through fake social media and dating app profiles.

Kerala Doctor Assaulted: Four Women Arrested in Connection with Patient Death

Kerala Doctor Assaulted: Four Women Arrested in Connection with Patient Death

Rediff.com3 Apr 2026

Four women have been arrested for allegedly attacking a gynaecologist at a government hospital in Perinthalmanna, Kerala, following the death of a patient. The Kerala Government Medical Officers' Association (KGMOA) has condemned the attack and called for better resources in delivery centres.

DPDP to Push Up IT Costs for Banks, Firms

DPDP to Push Up IT Costs for Banks, Firms

Rediff.com25 Nov 2025

Companies, particularly those that are notified as Significant Data Fiduciaries, will have to make extensive investments in data mapping, process modification, consent management tools, tools to enable Data Principal Rights, and establish a well-structured Data Privacy Officer organisation.

Adityanath Slams TMC's Appeasement Policies, Urges Support for BJP in West Bengal

Adityanath Slams TMC's Appeasement Policies, Urges Support for BJP in West Bengal

Rediff.com12 Apr 2026

Uttar Pradesh Chief Minister Yogi Adityanath has accused the TMC of pursuing appeasement policies in West Bengal, urging voters to support a BJP government for inclusive governance and development.

Can Pakistan's outreach to Egypt, Turkiye, Saudi calm West Asia?

Can Pakistan's outreach to Egypt, Turkiye, Saudi calm West Asia?

Rediff.com29 Mar 2026

Pakistan's Foreign Minister Ishaq Dar met with his counterparts from Egypt and Turkiye in Islamabad ahead of a quadrilateral summit, including Saudi Arabia, to discuss the ongoing conflict in West Asia and explore avenues for peace.

Swift Launches New System for Faster, Cheaper International Payments

Swift Launches New System for Faster, Cheaper International Payments

Rediff.com5 Mar 2026

Swift and global banks are launching a new system to make international payments faster and cheaper for small businesses and consumers, starting with major global markets.

Shah Targets TMC, Cites Infiltration and Appeasement Politics in West Bengal

Shah Targets TMC, Cites Infiltration and Appeasement Politics in West Bengal

Rediff.com28 Mar 2026

Union Home Minister Amit Shah has criticised the TMC government in West Bengal, alleging that its policies have led to increased infiltration and threaten national security. He framed the upcoming elections as a battle against these issues, promising change if the BJP comes to power.

'Quality Companies To Lead Next IPO Wave'

'Quality Companies To Lead Next IPO Wave'

Rediff.com13 Mar 2026

'The next phase of India's IPO cycle will be defined by quality, pricing discipline and investor selectivity.'

Nationwide terror module busted; toy car IED plot foiled

Nationwide terror module busted; toy car IED plot foiled

Rediff.com18 Apr 2026

Delhi Police have arrested four men from Maharashtra, Odisha, and Bihar for allegedly planning terror activities and attempting to recruit others online. An IED and related materials were seized during the operation.