News for 'New Development Bank'

President's Rule In Manipur: Need Of The Hour

President's Rule In Manipur: Need Of The Hour

Rediff.com13 Feb 2025

The solution to Manipur's problems lies in the government giving concessions to Meitis in jobs and education and to accept autonomy for the tribal dominated areas inhibited by the Kukis, suggests Colonel Anil A Athale (retd).

Trump's Disruptions: Blessing In Disguise

Trump's Disruptions: Blessing In Disguise

Rediff.com13 Feb 2025

We must bring a laser focus on our own interests, and define our friends and foes more clearly instead of trying to live by somebody else's rules. We must grow up, think for ourselves, think India First, asserts R Jagannathan.

INDIA bloc performing 'mujra' for its vote bank: Modi

INDIA bloc performing 'mujra' for its vote bank: Modi

Rediff.com25 May 2024

Prime Minister Narendra Modi on Saturday vowed to thwart alleged attempts to rob Dalits and backward classes of reservations by the Indian National Developmental Inclusive Alliance (INDIA) which he accused of 'enslavement' and performing 'mujra' for Muslim vote bank.

Do you support BJP's 'wrongdoings'?: Kejriwal writes to RSS chief

Do you support BJP's 'wrongdoings'?: Kejriwal writes to RSS chief

Rediff.com1 Jan 2025

The BJP, meanwhile, asked Kejriwal to learn "spirit of service" from the RSS leaving behind his "political moves" instead of writing to Bhagwat to draw "media attention".

Sitharaman turns middle class hero with tax cuts, reforms

Sitharaman turns middle class hero with tax cuts, reforms

Rediff.com1 Feb 2025

"The new structure will substantially reduce taxes on the middle class and leave more money in their hands, boosting household consumption, savings and investment," Sitharaman said presenting what was dubbed as 'reformist' budget for the next fiscal in Lok Sabha.

'EVs are the only way to decarbonise'

'EVs are the only way to decarbonise'

Rediff.com24 Jan 2025

About 99,165 electric cars were sold in India in 2024, but electric car penetration -- share of electric car sales in total sales -- was just about 2.5 per cent.

'Kejriwal Is The Father Of Freebie Culture'

'Kejriwal Is The Father Of Freebie Culture'

Rediff.com24 Jan 2025

'He didn't implement good policies for good politics.' 'He never worked on comprehensive policy-making.' 'In Kejriwal's own constituency youths are jobless.'

Maruti Rolls Out Scheme To Encourage EV Adoption

Maruti Rolls Out Scheme To Encourage EV Adoption

Rediff.com31 Jan 2025

MSIL, which currently has a subscription service that allows customers to lease its petrol-run and strong hybrid vehicles on a flexible, long-term basis without ownership commitments, will introduce a leasing service as well.

Terrorists now feel unsafe in their homes: Modi

Terrorists now feel unsafe in their homes: Modi

Rediff.com16 Nov 2024

Modi said the transformations in the country in the past 10 years have reignited a risk-taking culture among the citizens.

Manmohan Singh's reforms transformed India, unshackled economy: Economists

Manmohan Singh's reforms transformed India, unshackled economy: Economists

Rediff.com27 Dec 2024

Former Prime Minister Manmohan Singh's 1991 budget unshackled India's economy, significantly enhancing the economic prospects for hundreds of millions of Indians, first deputy managing director of the International Monetary Fund (IMF) Gita Gopinath said on Friday.

Maha Kumbh: Officials focus on zero error Basant Panchami Amrit Snan

Maha Kumbh: Officials focus on zero error Basant Panchami Amrit Snan

Rediff.com2 Feb 2025

Ahead of the Basant Panchami Amrit Snan at the Maha Kumbh, top officials are emphasizing the implementation of "zero error" directives to prevent a repeat of the deadly stampede that occurred during a previous snan. The Uttar Pradesh government has deployed senior IAS officers with experience in crowd management and inter-agency coordination to oversee the event.

Rural women drive Rs 27,000 crore financial inclusion transactions

Rural women drive Rs 27,000 crore financial inclusion transactions

Rediff.com8 Oct 2024

Enterprising women business correspondents, known as BC Sakhis, have facilitated transactions worth Rs 27,000 crore in Uttar Pradesh, earning Rs 75 crore in commission over the past four and a half years. BC Sakhis, appointed under the nationwide women empowerment programme, are members of self-help groups (SHGs) who are trained and certified to provide banking and financial services in rural areas.

Parliament likely to discuss Waqf bill on day 1 of winter session

Parliament likely to discuss Waqf bill on day 1 of winter session

Rediff.com25 Nov 2024

The Parliament session is set to start today, with various issues slated to be discussed, including the Waqf Act (Amendment) Bill.

Stocks Crash: Worst Week in Years

Stocks Crash: Worst Week in Years

Rediff.com21 Dec 2024

The week's losses wiped out investor wealth worth Rs 18.43 trillion, with the total market capitalisation of BSE-listed firms now at Rs 441 trillion.

Bajaj Fin target price hiked; stock reclaims Rs 8,000-mark after 15 months

Bajaj Fin target price hiked; stock reclaims Rs 8,000-mark after 15 months

Rediff.com31 Jan 2025

Shares of Bajaj Finance surged over 6 per cent on Thursday after the diversified non-banking finance company reported an 18 per cent increase in consolidated net profit to Rs 4,308 crore for the December quarter. The stock rallied 6.33 per cent intraday to touch Rs 8,249.95 - a 52-week high -- on the BSE.

Why CEOs, Bankers Want To Be Like Bumrah

Why CEOs, Bankers Want To Be Like Bumrah

Rediff.com7 Jan 2025

From CEOs to RBI governors, cricket's rich imagery and strategy resonate deeply with leadership, uncertainty, and decision-making across industries and global diplomacy, points out Suveen Sinha.

4 abductors of actor Mushtaq Khan held; planned to kidnap Shakti Kapoor

4 abductors of actor Mushtaq Khan held; planned to kidnap Shakti Kapoor

Rediff.com15 Dec 2024

Four members of a gang have been arrested for kidnapping actor Mushtaq Mohammad Khan from the Delhi airport and holding him hostage in Bijnor, Uttar Pradesh. The gang was also plotting to abduct veteran actor Shakti Kapoor on the pretext of inviting him to an event. The gang members were involved in abducting film stars by sending advance payments and air tickets under the guise of event invitations. Police recovered Rs 1.04 lakh from their possession and are investigating whether the gang was involved in the kidnapping of other film stars. In a related development, Arjun, one of the kidnappers involved in comedian Sunil Pal's abduction, was shot and injured during an encounter with police in Meerut. Arjun, who was arrested on Saturday, attempted to escape while being escorted for a medical checkup by snatching the pistol of a sub-inspector. The police team retaliated, and Arjun was shot and injured in the exchange of fire.

What Will Nirmalaji's Budget Be Like?

What Will Nirmalaji's Budget Be Like?

Rediff.com8 Jan 2025

The Budget assumes significance as it comes on the back of lower-than-expected growth numbers during the second quarter and geopolitical uncertainty.

Bangladesh launches $5 billion graft probe against Hasina

Bangladesh launches $5 billion graft probe against Hasina

Rediff.com24 Dec 2024

An anti-graft panel in Bangladesh has launched an investigation against former prime minister Sheikh Hasina and her family in connection with the allegations of embezzling $5 billion in the Rooppur nuclear power plant, according to a media report.

How the markets will fare this week

How the markets will fare this week

Rediff.com20 Oct 2024

Quarterly earnings from corporates, global trends, and trading activity of foreign investors will guide market sentiment this week, analysts said, adding that benchmark indices may face volatile trends. "The upcoming release of Q2 results will be closely watched, providing insights into corporate performance. "Meanwhile, the escalating tensions between Israel and Iran introduce a significant geopolitical risk, potentially leading to increased oil prices and market volatility.

L&T eyes up to Rs 40K cr in pre-sales from realty business

L&T eyes up to Rs 40K cr in pre-sales from realty business

Rediff.com7 Oct 2024

Buoyed by regulatory overhaul and infrastructure boom, engineering conglomerate Larsen & Toubro (L&T) has identified realty business as one of its growth engines for the next 10 years and plans to acquire land parcels while expanding pre-sales, said a senior company executive. L&T Realty has started looking out to acquire land parcels and grab partnership development opportunities across markets to scale up its business. "We are making some strides in that direction, albeit cautiously.

Cong spreads hatred, creates fear among Muslims: Modi

Cong spreads hatred, creates fear among Muslims: Modi

Rediff.com9 Oct 2024

A day after Congress' defeat in the Haryana polls, Prime Minister Narendra Modi on Wednesday said the Congress is an irresponsible party and a factory to 'spread hatred' which wants to divide Hindus and pit one community against another.

Some people trying to disturb peace by spreading venom of caste politics: Modi

Some people trying to disturb peace by spreading venom of caste politics: Modi

Rediff.com4 Jan 2025

Inaugurating the Grameen Bharat Mahotsav, the Prime Minister exuded confidence that villages will play a key role in pushing forward the dream of Viksit Bharat by 2047.

After a stellar 2024, debt MFs set for best annual performance in 4 years

After a stellar 2024, debt MFs set for best annual performance in 4 years

Rediff.com30 Dec 2024

Debt mutual fund (MF) schemes are set to register the best calendar year (CY) performance in the last four years despite no changes in the interest rate. An analysis of one-year performance of debt funds show that many of the schemes are set to deliver double-digit returns in CY 2024.

How Dr Manmohan Singh became India's 'reforms' man

How Dr Manmohan Singh became India's 'reforms' man

Rediff.com27 Dec 2024

He drew the roadmap of India's economic reform, unshackled it from the licence raj and pulled it back from the brink when even its gold reserve was pledged.

'God Save Insurance Industry'

'God Save Insurance Industry'

Rediff.com9 Dec 2024

'Some of the astounding proposals, if translated into statutory provisions, would be suicidal.' 'This would not be a wonder cure for increasing insurance penetration and only result in mushrooming growth of players like paan kiosks with deleterious consequences.'

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.

Mercedes to roll out 8 models in 2025

Mercedes to roll out 8 models in 2025

Rediff.com9 Jan 2025

Luxury carmaker Mercedes-Benz India plans to roll out 8 new models, including battery electric vehicles, this year as it looks to sustain sales momentum having posted record sales in 2024. The company sold 19,565 units last year, registering a growth of 12 per cent as compared to 17,408 units in 2023.

What Centre Will Shell Out For AP, Bihar

What Centre Will Shell Out For AP, Bihar

Rediff.com5 Aug 2024

While Andhra Pradesh is expected to receive Rs 15,000 crore to Rs 20,000 crore, Bihar is likely to get Rs 5,000 crore to Rs 10,000 crore in FY25.

WEF lists highest and lowest growing jobs

WEF lists highest and lowest growing jobs

Rediff.com8 Jan 2025

Farm workers and drivers will figure among the fastest growing jobs over the next five years, while roles of cashiers and ticket clerks will see the largest decline, a new study showed on Wednesday. In its Future of Jobs Report 2025, the World Economic Forum (WEF) also said that 170 million new jobs will be created by 2030, while 92 million are projected to be displaced, resulting in 78 million net new jobs.

World Bank appoints Indian national Indermit Gill as chief economist

World Bank appoints Indian national Indermit Gill as chief economist

Rediff.com26 Jul 2022

The World Bank has appointed Indermit Gill, an Indian national, chief economist and senior vice-president for development economics at the multilateral development bank. "Indermit Gill brings to this role a combination of leadership, invaluable expertise and practical experience working with country governments on macroeconomic imbalances, growth, poverty, institutions, conflict, and climate change," World Bank President David Malpass said in a statement. His appointment will be effective September 1, 2022.

'Govt Unsure How To Fire Economy Upwards'

'Govt Unsure How To Fire Economy Upwards'

Rediff.com6 Feb 2025

'I am optimistic about the Budget because of the fiscal discipline the government has committed to.'

CBIC clarifies rules, says no GST to apply on pre-paid gift vouchers, cards

CBIC clarifies rules, says no GST to apply on pre-paid gift vouchers, cards

Rediff.com2 Jan 2025

In a recent clarification, the Central Board of Indirect Taxes and Customs (CBIC) provided insights into the goods and services tax (GST) treatment of transactions involving vouchers. According to the CBIC, vouchers can be categorised into two types.

RBI rate cut in Feb may not be a done deal, say economists

RBI rate cut in Feb may not be a done deal, say economists

Rediff.com14 Nov 2024

Even as the high inflation figure for October has ruled out any possibility of a rate cut by the Reserve Bank of India's (RBI's) monetary policy committee (MPC) in December, a rate cut in February also looks uncertain due to global uncertainties. Economists told Business Standard that unless domestic growth slows markedly, the outlook on rate cut remains unclear. India's headline inflation touched a 14-month high of 6.2 per cent in October, breaching the MPC's upper tolerance band of 6 per cent.

Indian diaspora celebrates 76th Republic Day with enthusiasm

Indian diaspora celebrates 76th Republic Day with enthusiasm

Rediff.com26 Jan 2025

Leaders from around the world extended their greetings to India on its 76th Republic Day, emphasizing the importance of bilateral relations and expressing hope for a stronger future. The Indian diaspora across the globe celebrated the occasion with enthusiasm at Indian missions abroad, where the national tri-colour was unfurled, accompanied by cultural performances and patriotic fervour. The celebrations highlighted the strong bonds of friendship and cooperation between India and its global partners.

Budget: Why exporters are seeking Rs 750 cr from Sitharaman

Budget: Why exporters are seeking Rs 750 cr from Sitharaman

Rediff.com26 Dec 2024

Exporters on Thursday sought a fund of Rs 750 crore for three years to tap USD 25 billion export potential in the US, aiming to seize potential opportunities that may arise as the US President-elect, Donald Trump, has threatened to impose high tariffs on Chinese goods. In its pre-Budget meeting with the finance ministry, Federation of Indian Export Organisations (FIEO) President Ashwani Kumar has also demanded extension of the five per cent Interest Equalisation Scheme (IES).

Man United bank on De Ligt-Mazraoui duo for success

Man United bank on De Ligt-Mazraoui duo for success

Rediff.com16 Aug 2024

The defenders signed contracts on Tuesday from Bayern Munich making United their third team together, and they could both feature in the squad's season opener on Friday against Fulham at Old Trafford.

NBFCs throng bond mkt to fund festival credit demand

NBFCs throng bond mkt to fund festival credit demand

Rediff.com18 Sep 2024

A number of non-banking financial companies (NBFCs) have tapped into the debt capital market ahead of the festival season to meet increasing credit demand as bank funding slows. On Tuesday, Aptus Value Housing Finance secured Rs 300 crore at an interest rate of 8.75 per cent through bonds maturing in five years. ICICI Home Finance Company turned to the market to raise Rs 275 crore at 7.94 per cent, alongside another Rs 300 crore at 7.95 per cent, through bonds maturing in five and three years, respectively.

Sensex rides on bluechip stocks; rises 585 points

Sensex rides on bluechip stocks; rises 585 points

Rediff.com8 Oct 2024

From the Sensex pack, Adani Ports & Special Economic Zones, Mahindra & Mahindra, Reliance Industries, HDFC Bank, Larsen & Toubro, NTPC, State Bank of India, UltraTech Cement and Kotak Mahindra Bank were the major gainers. In contrast, Tata Steel, Titan, Bajaj Finserv, JSW Steel, Bajaj Finance, Hindustan Unilever, ITC, Tata Motors and Tata Consultancy Services were among the laggards.

Factors that will guide the markets thie week

Factors that will guide the markets thie week

Rediff.com24 Nov 2024

Global factors and FII activity will dictate trends in domestic equity markets this week while assembly poll results of Maharashtra and Jharkhand may impact stocks on Monday, say analysts. Stock markets witnessed a spirited recovery on Friday with benchmark Sensex and Nifty notching the best single-day gains in more than five months and offering relief after weeks of correction.