News for 'Office of Management and Budget'

OYO forays into co-working spaces with two brands

OYO forays into co-working spaces with two brands

Rediff.com17 Jul 2019

Each of the centres will have facilities such as Wi-Fi, air conditioning, free housekeeping services, locker facilities, and CCTV surveillance

How we saved Rs 25,000 in the lockdown

How we saved Rs 25,000 in the lockdown

Rediff.com8 Jun 2020

Naren from Hyderabad tells us how his family saved money in the lockdown.

Income Tax: All you want to know about ITR 1-Sahaj and ITR 4-Sugam

Income Tax: All you want to know about ITR 1-Sahaj and ITR 4-Sugam

Rediff.com6 Jan 2020

The department notified ITR 1-Sahaj and ITR 4-Sugam in January against the usual practice of notifying returns in April, with disclosure requirements related to cash deposits, spending on foreign travel, and electricity. The notification of the returns followed Budget announcements making income-tax return filing mandatory for certain persons even if their income was below the taxable limit.

Trump proposes to convert US grant to Pakistan into loan

Trump proposes to convert US grant to Pakistan into loan

Rediff.com23 May 2017

However, the Trump administration has left it for the State Department to take a final call on the issue.

Used car market to reach 7.2 mn units in 3 years

Used car market to reach 7.2 mn units in 3 years

Rediff.com4 May 2019

The used car market is now 1.2 times the size of the new car market.

Residential builders stare at a bleak year

Residential builders stare at a bleak year

Rediff.com9 Apr 2020

CREDAI-MCHI, a body of developers in Mumbai, has pegged the drop in sales booking at around 80 per cent in the February-March period this year. This is the second highest fall in residential sales in the past five years, after Q1, 2017, when the decline, due to the note ban, was 37 per cent.

RBI appoints external firm to audit HDFC Bank's IT infra

RBI appoints external firm to audit HDFC Bank's IT infra

Rediff.com2 Feb 2021

HDFC Bank on Tuesday said the Reserve Bank of India (RBI) has appointed an external IT firm for carrying out a special audit of its IT infrastructure in the aftermath of repeated service outages at the country's largest private sector lender over the past two years. "RBI has appointed an external professional IT firm for carrying out a special audit of the entire IT infrastructure of the bank under Section 30 (1-B) of the Banking Regulation Act, 1949..., at the cost of the Bank under Section 30 (1-C) of the Act.

COVID-19 crisis: How YMCA helps the economically weak

COVID-19 crisis: How YMCA helps the economically weak

Rediff.com25 Apr 2020

'It is only natural that in such a national crisis, we should lend a helping hand to the less privileged members of our communities.'

TMC MPs protest outside PMO, rounded up

TMC MPs protest outside PMO, rounded up

Rediff.com5 Jan 2017

The MPs went right up to the entrance of South Block, but were stopped at the first check point.

Why political class is betting on welfare spending

Why political class is betting on welfare spending

Rediff.com18 Feb 2019

There appears to be a growing perception among the political class that faster growth will not create jobs fast enough and, therefore, welfare spending needs to be drastically increased, says T T Ram Mohan.

New norms seek to plug tax evasion by shell firms

New norms seek to plug tax evasion by shell firms

Rediff.com25 Jan 2017

Fresh PoEM guidelines will affect pharma, energy, automobiles, manufacturing and software companies.

Chopper scam: Budget session likely casualty as Centre, Congress trade charges

Chopper scam: Budget session likely casualty as Centre, Congress trade charges

Rediff.com28 Apr 2016

With an aggressive Opposition and unyielding government, important legislation could be the biggest casualty, as details of the helicopter contract surface.

Indians flocking to bitcoin after Elon Musk's backing

Indians flocking to bitcoin after Elon Musk's backing

Rediff.com17 Feb 2021

Bitcoin has been on fire ever since Musk announced that Tesla had bought $1.5 billion of the cryptocurrency, and that his electric-vehicle company would accept bitcoin from buyers.

Why US-based IT firms are likely to send more work to India

Why US-based IT firms are likely to send more work to India

Rediff.com25 Sep 2020

Most of the large Indian IT services players, such as TCS, Infosys, Wipro, and HCL Tech, have signalled increased offshoring efforts and opting for local hires in the US, primarily to address the immigration-related challenges.

60-year old, but Fevicol ads are as quirky as ever

60-year old, but Fevicol ads are as quirky as ever

Rediff.com21 Aug 2019

Fevicol has played with its advertising to convert an adhesive, a product that bore none of the glamour and glitz of consumer goods, into a loved and recalled brand.

'Covid has not crushed demand for foreign education, it has only delayed it'

'Covid has not crushed demand for foreign education, it has only delayed it'

Rediff.com4 Sep 2020

'Students are taking a keen interest in a hybrid model, where they start classes online and then complete the course on campus.'

Bollywood's Eros merges with Hollywood's STX Entertainment

Bollywood's Eros merges with Hollywood's STX Entertainment

Rediff.com19 Apr 2020

The newly-formed entity which will list on the NYSE as Eros STX Entertainment Corp, will remain listed on the New York Stock Exchange, with headquarters in both Mumbai, India, and Burbank, California, and has also got $125 million in fresh funding. The merger will not change the structure of Eros's Indian arm which is also listed on Indian stock exchanges.

Jaitley plans to cut ministries' spending

Jaitley plans to cut ministries' spending

Rediff.com22 Sep 2018

It would be difficult to stick to the Budget numbers unless the departments are reined in their expenditure plans.

Tax returns go hi-tech

Tax returns go hi-tech

Rediff.com5 Feb 2019

Within the next two years, verification and scrutiny of returns will happen electronically through anonymised back offices manned by tax experts and officials. It will function without any personal interface between taxpayers and tax officers. Both the taxpayer and the tax officer will not know each other -- who is scrutinising whose return, and at which place, points out Kuldip Kumar, partner and leader personal tax, PwC.

US Wants To Be Friends With Taliban?

US Wants To Be Friends With Taliban?

Rediff.com4 Feb 2022

Regional States will be worried that the US's nascent engagement with the Taliban behind the fig leaf of humanitarian aid enables the return of US intelligence personnel to Afghanistan, observes Ambassador M K Bhadrakumar.

Movie business loses Rs 120 billion!

Movie business loses Rs 120 billion!

Rediff.com3 May 2021

From Rs 191 billion in 2019, the world's largest film producing industry now stands at Rs 72 billion thanks to the pandemic.

RBI warns of more fiscal slippages for states

RBI warns of more fiscal slippages for states

Rediff.com8 May 2019

Ahead of the general elections, a slew of states and also the Centre had doled out sops to the marginalised sections, including the farmers and the poor.

Covid-19: With great power comes great responsibility

Covid-19: With great power comes great responsibility

Rediff.com18 Jul 2020

Cities are setting the rules that now carry life and death implications for their residents, and most of these rules are sought to be set by the municipal authorities who have never wielded such power, reports Subhomoy Bhattacharjee.

Was Peter Kerkar responsible for the 'death' of Cox & Kings?

Was Peter Kerkar responsible for the 'death' of Cox & Kings?

Rediff.com12 Dec 2020

Was Kerkar duped by his employees, as he claims, or did a cocktail of greed, poor cost control and bad management bring the travel firm down, wonder Pavan Lall and Aneesh Phadnis.

Bharat, biggest opener ever for Salman

Bharat, biggest opener ever for Salman

Rediff.com7 Jun 2019

Bharat is the biggest opener of the year from Bollywood.

Anita Kishore, Brain behind Byju's Acquisitions

Anita Kishore, Brain behind Byju's Acquisitions

Rediff.com31 Aug 2021

Byju's, says Anita Kishore, has given the founders of the businesses it has acquired the independence to operate separately and maintain their core culture.

At Rs 11,000 cr, July's FPI pullout highest in 9 months

At Rs 11,000 cr, July's FPI pullout highest in 9 months

Rediff.com1 Aug 2019

After turning net buyers for the fifth straight month till June, foreign portfolio investors (FPIs) withdrew a net of Rs 11,743 crore ($1.7 billion) in July. This was their highest outflow since October 2018.

How BJP rose in Goa with Christian help

How BJP rose in Goa with Christian help

Rediff.com10 Jan 2022

It is a record that the saffron party has created, where the majority of its legislators belonged to the minority community.

Stalin Prepares For Battle Of 2024

Stalin Prepares For Battle Of 2024

Rediff.com6 May 2022

The going is not going to be easy for the DMK and its allies in Elections 2024. Despite the seats sweepstake in the 2021 assembly polls, the vote-share difference of 5.6% (DMK's 45.38% versus AIADMK-BJP's 39.72%) is not insurmountable on a bad day, points out N Sathiya Moorthy.

Valentine's Day: SpiceJet offers fares for Rs 1,599!

Valentine's Day: SpiceJet offers fares for Rs 1,599!

Rediff.com4 Feb 2015

Budget carrier SpiceJet on Wednesday launched another discounted ticket scheme, offering fares as low as Rs 1,599 across its domestic network for travel between February 15 and April 15 to celebrate Valentine's Day.

Cyber attack: 10 tips to protect yourself

Cyber attack: 10 tips to protect yourself

Rediff.com23 Jun 2021

Confident that a cyber attack won't affect you? Think again, says Nandakishore Harikumar.

'External events will drive markets in near term'

'External events will drive markets in near term'

Rediff.com4 Mar 2011

We are more positive on the consumption theme than infrastructure or investment sectors, where government decisions will make a difference.

How I made it! AMAZING career advice for women

How I made it! AMAZING career advice for women

Rediff.com8 Mar 2021

Four enterprising women tell us how they tackled bias and criticism to create a niche for themselves and are now leading their businesses.

Imran Khan is lucky

Imran Khan is lucky

Rediff.com20 Dec 2019

'He has a splendid opportunity to capitalise on the CPEC and turn the economy around decisively, putting Pakistan firmly on a higher growth trajectory.' 'Indeed, under the Imran-Bajwa dispensation, there has been a noticeable whittling down of support to militant groups,' points out Ambassador M K Bhadrakumar.

Shah, Sitharaman stand tall among ministers

Shah, Sitharaman stand tall among ministers

Rediff.com22 Jul 2021

Strengthening the portfolios of the home minister and the finance minister is a message that should not be missed, points out A K Bhattacharya.

Finally some relief for India's start-ups

Finally some relief for India's start-ups

Rediff.com8 Aug 2019

The move followed after certain startups complained about facing harassment and the taxman breathing down their neck on the angel tax issue.

India raises $1.4 billion in divestment push

India raises $1.4 billion in divestment push

Rediff.com21 Mar 2014

The government on Friday raised as much as $1.4 billion through share sales, in a push to shore up state finances before it heads into a tough parliamentary election next month.

Espionage case: Police raids petrochemical firm in Noida

Espionage case: Police raids petrochemical firm in Noida

Rediff.com21 Feb 2015

Delhi Police Crime Branch raided the office of a petrochemical co.

Sensex soars 266 pts as dovish Fed lifts global equities

Sensex soars 266 pts as dovish Fed lifts global equities

Rediff.com11 Jul 2019

Hero MotoCorp was the top gainer in the Sensex pack, spurting 4.46 per cent. IndusInd Bank, Tata Motors, Vedanta, SBI, M&M, Sun Pharma, Tata Steel, HDFC and HDFC Bank too rose up to 3.63 per cent.

Dope control in IPL: NADA might outsource sample collection

Dope control in IPL: NADA might outsource sample collection

Rediff.com29 Jul 2020

In charge of dope control at the IPL for the very first time, the National Anti-Doping Agency (NADA) might have to outsource the task of sample collection given the high cost of handling the exercise when the event is held in the UAE later this year. The next best option for NADA will be using the services of UAE's National Anti-Doping Organisation (NADO) or contact Sweden's International Dope Test and Management (IDTM) which has done sample collection and testing for the last 12 seasons of the IPL.