News for 'Office of Management and Budget'

Budget: Delhi police allocated Rs 10,355 cr, focus on force modernisation

Budget: Delhi police allocated Rs 10,355 cr, focus on force modernisation

Rediff.com1 Feb 2022

The Delhi police has been allocated Rs 10,355.29 crore in the Union Budget for 2022-23, an increase of Rs 1,701.03 crore from the last fiscal, officials said on Tuesday.

'Fed up with lies': Ousted coach Stimac slams AIFF

'Fed up with lies': Ousted coach Stimac slams AIFF

Rediff.com21 Jun 2024

'The sooner Kalyan Chaubey leaves, the better it is for Indian football'

CBI gets over Rs 835 crore in Budget

CBI gets over Rs 835 crore in Budget

Rediff.com1 Feb 2021

The CBI had received Rs 802.19 crore initially in the last budget and it was increased to Rs 835.75 crore in the revised estimates for 2020-21.

The men behind Sitharaman's 2nd Budget

The men behind Sitharaman's 2nd Budget

Rediff.com30 Dec 2019

Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. Like any other FM, Sitharaman will depend on her team of bureaucrats and advisors to frame and present the Budget.

Box Office: Bhediya Joins Drishyam 2's Success Party

Box Office: Bhediya Joins Drishyam 2's Success Party

Rediff.com28 Nov 2022

It seems a given that Drishyam 2 will enter the Rs 200 Crore Club and will be only the second Bollywood film after Brahmastra to do that in 2022.

'Fire Is Always A Concern In Mumbai'

'Fire Is Always A Concern In Mumbai'

Rediff.com29 Jun 2024

'As the city grows, so do its fire incidents.'

John Wick Rules The Box Office

John Wick Rules The Box Office

Rediff.com27 Mar 2023

Yet again, it's a Hollywood film that's scoring in Indian cinemas this season.

Airfares, hotel rates shoot up ahead of Holi, Good Friday

Airfares, hotel rates shoot up ahead of Holi, Good Friday

Rediff.com22 Mar 2024

As March draws to a close, two consecutive long weekend opportunities - Holi and Good Friday - are driving up hotel occupancy and airfares across major routes. According to travel platform Cleartrip, hotel bookings have seen a 3.5 times spike for the Holi weekend, while a 3.7 times spike has been visible in the Good Friday weekend.

'Demand will come back after the elections'

'Demand will come back after the elections'

Rediff.com16 Jun 2024

'The Budget will be positive, continuing on the path of growth taken so far.'

What Funds Should You Invest In?

What Funds Should You Invest In?

Rediff.com20 Feb 2024

'Your decisions should not be driven by your view on the market, but by your objectives, risk appetite, and time horizon.'

'Largecaps offer a reasonable margin of safety'

'Largecaps offer a reasonable margin of safety'

Rediff.com29 Feb 2024

'Investors should focus on largecap funds, flexicap funds, business cycle funds, or hybrid-category funds.'

EV makers seek extension of FAME II subsidies in Budget

EV makers seek extension of FAME II subsidies in Budget

Rediff.com21 Jan 2023

as the FAME II deadline of March 31, 2024, nears, EV manufacturers are worried about their investments and future plans.

Highlights of Union Budget 2022-23

Highlights of Union Budget 2022-23

Rediff.com1 Feb 2022

Finance Minister Nirmala Sitharaman presents her fourth Budget in Lok Sabha on Tuesday.

'Who Passed India's Olympic Uniform?'

'Who Passed India's Olympic Uniform?'

Rediff.com29 Jul 2024

'aris can be boiling hot in July. The choice of viscose over cotton was deliberate. Cotton would have crushed badly. We used viscose because it is a wood pulp fibre and lets you breathe. It is cooler than silk. We had to consider breathability because the athletes would be on a barge, in the heat, for up to five hours.'

'We're Not Anti-Nationals'

'We're Not Anti-Nationals'

Rediff.com3 Sep 2024

'We are not secessionists, we want to coexist with our countrymen but not on the terms that will strip us off our dignity and a right to peaceful existence.'

Ms Sitharaman, You FAILED Us On The Budget

Ms Sitharaman, You FAILED Us On The Budget

Rediff.com1 Feb 2022

This was the one Budget that required radical departures on all these fronts, when it had none, asserts, Shreekant Sambrani.

Visionary Budget or worse than Pranab Mukherjee's?

Visionary Budget or worse than Pranab Mukherjee's?

Rediff.com3 Mar 2021

The sad truth is that the debt-to-GDP ratio will shoot up close to 90 per cent in the coming year, and the fiscal deficit glide path does not promise to reduce it substantially any time soon, predicts Mihir S Sharma.

Budget 2022: Insurers want investment limit of 80C hiked

Budget 2022: Insurers want investment limit of 80C hiked

Rediff.com26 Jan 2022

Insurance companies are seeking a separate deduction limit of Rs 1 lakh for insurance premium payment under Section 80C of the Income Tax Act in the upcoming Union Budget to bring in more people under the ambit of insurance. The insurers also want reduction in the goods and services tax (GST) rate of 18 per cent currently applied on health insurance products to 5 per cent to make such products more affordable to common people. Finance Minister Nirmala Sitharaman will present the Union Budget for 2022-23 on February 1.

High-value insurance policies in the slow lane after tax overhaul

High-value insurance policies in the slow lane after tax overhaul

Rediff.com28 Nov 2023

High-value insurance policies experienced muted growth in the first six months of the current financial year after the Centre decided to tax such products in this year's Budget. Simultaneously, there has been a marked improvement in the growth of policies with premiums of 'less than Rs 5 lakh', mainly originating from smaller cities. During this year's Budget, Finance Minister Nirmala Sitharaman proposed that insurance policies (excluding unit linked insurance plans or ULIPs) with an aggregate premium exceeding Rs 5 lakh, and the maturity amount, would not be exempt from tax.

Budget 2023 wish list: Insurers bat for hike in tax deduction limit

Budget 2023 wish list: Insurers bat for hike in tax deduction limit

Rediff.com19 Jan 2023

Ahead of the Union Budget 2023, insurers are hoping that the Centre will act on their recommendations, which includes increasing the limit for tax deduction under 80D of the Income Tax Act. Also among them are issuance of long-term bonds, tax incentives for home insurance premiums, and a separate section to claim deduction for term-insurance premium, among others. These suggestions would help improve the penetration of insurance in the country.

India Inc urges Budget sops to boost capex

India Inc urges Budget sops to boost capex

Rediff.com24 Jan 2022

Indian companies are expecting generous tax incentives from the Union Budget that will help them invest more in building capacities in the coming years. While the productivity-linked incentives (PLIs) are a good start to spur local manufacturing, the government should also take steps to boost consumer demand, which is not showing encouraging signs, say chief executive officers (CEOs) of India Inc. Statistics released by the Reserve Bank of India (RBI) shows that Indian banks had sanctioned loans worth Rs 75,558 crore in 220 new projects - a record low - in the pandemic-hit financial year ending March 2021. This is not showing any signs of a significant pick up in the last nine months of the ongoing financial year.

Base effect to hit life insurers' March biz

Base effect to hit life insurers' March biz

Rediff.com21 Mar 2024

New business premium (NBP) growth of life insurers in March is expected to be weak owing to the high base effect in the year-ago period due to revision in taxation norms for high-value policies, insurers said. In the Budget, Finance Minister Nirmala Sitharaman proposed that insurance policies (excluding unit-linked insurance plans or Ulips) with an aggregate premium exceeding Rs 5 lakh would be taxed. This rule came into effect on April 1, 2023. In March 2023, the NBP of life insurance companies witnessed a strong growth after the tax announcement. Premiums rose by 14.45 per cent year-on-year (Y-o-Y) to Rs 59,608.83 crore in March 2023 from Rs 52,081.12 crore.

Why Did Naidu Meet Modi?

Why Did Naidu Meet Modi?

Rediff.com5 Jul 2024

According to an Andhra government statement, Naidu 'reposed confidence' in the PM's leadership.

Ramoji Rao, The Telugu Colossus

Ramoji Rao, The Telugu Colossus

Rediff.com10 Jun 2024

Ramoji Rao lived as the interface between business and politics and was an active participant in both for most of his remarkable life.

Will These South Movies Be Blockbusters?

Will These South Movies Be Blockbusters?

Rediff.com4 Jan 2024

Will these 2024 releases -- bookended by Rajinikanth no less -- make a dhamaka at the box office?

Amid liquidity crunch, shorter-tenure govt bonds lag 'longer' peers

Amid liquidity crunch, shorter-tenure govt bonds lag 'longer' peers

Rediff.com27 Feb 2024

Short-term government bonds fell behind longer-dated securities in demand this month so far due to a liquidity crunch in the banking system and expectations of a delay in a rate cut, said market participants. Investors have favoured longer-tenure government bonds, or g-secs, with insurance companies and pension funds leading the charge by stocking up on those with maturities of 30 years and more. Preference for longer-term securities was strengthened by the conclusion of the borrowing programme, which compelled institutional investors to fulfil their requirements in the secondary market.

India core to our products and services: JPMorgan Chase CIO Lori Beer

India core to our products and services: JPMorgan Chase CIO Lori Beer

Rediff.com20 Nov 2023

For Lori Beer, chief information officer, JPMorgan Chase & Co, largest banker in the US, India is a big part of the organisation's global technology footprint and is core to its products and services. This is evident from the fact that in less than two months since JPMorgan & Chase chief executive officer Jamie Dimon visited India, Beer has come here to see the recently opened centres in Mumbai and Bengaluru. "What is different for me this year are our new centres and to be able to come and see the vibrancy, and connectedness is great.

Post-Budget, stock market will remain volatile for few days

Post-Budget, stock market will remain volatile for few days

Rediff.com3 Feb 2020

'The market was expecting the Budget to do more, given the domestic economic slowdown and global uncertainty. Over the next few days, the market is expected to absorb the volatility.'

'Nobody's Asking Where Money Will Come For Freebies'

'Nobody's Asking Where Money Will Come For Freebies'

Rediff.com24 May 2024

'The prime minister's comment on 'revdi culture' was welcome. But I am disappointed he did not follow up on that.' 'All political parties, including the BJP, have been guilty of this.' 'Now, Modi's guarantees, the Congress's 'nyay' path and both ruling and Opposition parties are vying with each other for freebies in my home state Andhra Pradesh.'

Why the team for Budget 2019 will be different

Why the team for Budget 2019 will be different

Rediff.com20 Nov 2018

Finance Secretary Hasmukh Adhia vacates his post on November 30 and Expenditure Secretary Ajay Narayan Jha, the second seniormost bureaucrat in the finance ministry, retires on January 31, the day before Jaitley presents the 2019-20 interim budget.

Why Budget 2020 will be different

Why Budget 2020 will be different

Rediff.com1 Jan 2020

In fact, no other recent Union Budget has held so much significance for the Indian economy as the one to be presented in about six weeks from now, notes A K Bhattacharya.

How Pakistan reacted to Chandryaan-3's success

How Pakistan reacted to Chandryaan-3's success

Rediff.com26 Aug 2023

Foreign Office spokesperson Mumtaz Zahra Baloch during her briefing on Friday was asked to comment on the successful soft-landing of the Chandrayaan-3 mission on the Moon.

Restoring India's Botanic Heritage

Restoring India's Botanic Heritage

Rediff.com21 Mar 2024

With over 3,000 species of plants, 26 interconnected lakes and the 250-year-old Great Banyan Tree -- the largest in the world -- the Indian Botanic Garden is a veritable treasure, discovers Payal Singh Mohanka.

The Importance Of Being Siddaramaiah

The Importance Of Being Siddaramaiah

Rediff.com19 May 2023

Siddaramaiah, who hails from the shepherd Kuruba caste, holds the record for presenting the highest number of Budgets in Karnataka -- 13 so far. He has often spoken about how he was mocked in 1994 before he presented his first Budget. 'Some people asked, "Can he count sheep?",' Siddaramaiah told a regional news channel.

Shaktikanta Das: RBI Governor Who Walks The Talk

Shaktikanta Das: RBI Governor Who Walks The Talk

Rediff.com13 Mar 2024

'Das is friendly, but he finally does what he does. The quality of engagement is very good.'

Budget should reduce income tax rates, invest in infrastructure: CEOs to FM

Budget should reduce income tax rates, invest in infrastructure: CEOs to FM

Rediff.com18 Jan 2021

Besides low interest rates, a reduction in active Covid cases and strong high-frequency macro data have lifted the sentiment of both corporate India and the stock markets.

Bandh Karo Yeh Electoral Bonds!

Bandh Karo Yeh Electoral Bonds!

Rediff.com14 Nov 2023

Despite the objections raised by Reserve Bank of India and Election Commission, India's politics has been funded anonymously and it is time to end this, asserts Aakar Patel.

Has Paytm Woken Up Too Late?

Has Paytm Woken Up Too Late?

Rediff.com20 Feb 2024

Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.

Future of digital payments in India

Future of digital payments in India

Rediff.com20 Mar 2024

'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'

'I've Rs 5 lakh to invest. Buy MFs Or Stocks?'

'I've Rs 5 lakh to invest. Buy MFs Or Stocks?'

Rediff.com22 Jan 2024

rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.