News for 'Office of Management and Budget'

Will Macron Be Ousted Before 2027?

Will Macron Be Ousted Before 2027?

Rediff.com10 Sep 2025

France today increasingly resembles the Italy of the past, when governments fell with bewildering regularity, prime ministers came and went in rapid succession, and political instability became the norm rather than the exception, point out Krishnan Srinivasan and Manoj Mohanka.

Meet Nirmalaji's Core Budget Team

Meet Nirmalaji's Core Budget Team

Rediff.com23 Jul 2024

The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.

What You Must Know About New Income Tax Act

What You Must Know About New Income Tax Act

Rediff.com5 Sep 2025

The contrast with the old Income-Tax Act is stark. The 1961 law ran into 512,000 words; the 2025 one pares that down to 259,000. Chapters have been cut from 47 to 23, while sections have reduced from 819 to 536. One of the clearest changes is terminological. The confusing twin concepts of 'assessment year' and 'previous year' have been scrapped.

Will budget for agri research get a big boost this year?

Will budget for agri research get a big boost this year?

Rediff.com28 Jan 2025

Several leading scientists, academicians, and agriculturalists have called for raising government support for research and development to make Indian agriculture future-ready.

0% GST On Health Insurance: Will You Really Benefit?

0% GST On Health Insurance: Will You Really Benefit?

Rediff.com11 Sep 2025

Reduction of GST on health insurance premium from 18% to 0% looks like a straight 18% reduction in what consumers pay. The truth, however, is...

Smart Fixes for Low Savings Problem

Smart Fixes for Low Savings Problem

Rediff.com20 Jun 2025

Many affluent young people are first-generation wealthy. They have limited financial literacy, lack quality financial guidance or role models, and often fall prey to mis-selling. This makes them hesitant to invest in high-return assets like equities.

Turbulence In Tokyo: What It Means For India

Turbulence In Tokyo: What It Means For India

Rediff.com12 Sep 2025

Prime Minister Shigeru Ishiba's sudden resignation after only a year in office has thrown Japan into political turmoil, raising doubts about how the country will handle economic and regional challenges, observes Dr Rajaram Panda.

How To Pick Best Senior Citizen Policy

How To Pick Best Senior Citizen Policy

Rediff.com14 Aug 2025

'As we get older, our health risks increase, and this makes health insurance significantly more expensive for seniors.'

How To Tackle Credit Card Debt

How To Tackle Credit Card Debt

Rediff.com12 Aug 2025

'Revolving credit without full repayment causes interest to outpace repayment capacity, and leads to financial distress.'

Can UPI Stay Free Forever?

Can UPI Stay Free Forever?

Rediff.com2 Sep 2025

Several executives argue that UPI has the potential to grow tenfold, but warn that the absence of a monetisation model risks stagnating the real-time payments system, which has been recording all-time-high transaction volumes every year.

Hospitals Boost IT Spend to Fight Cyber Threats

Hospitals Boost IT Spend to Fight Cyber Threats

Rediff.com20 Jun 2025

The growing caution among hospitals is being driven by a rise in double-extortion ransomware attacks, AI-enabled phishing, deepfake fraud, and vulnerabilities in connected medical devices.

Budget 2024: What hospitality industry wants from Nirmalaji

Budget 2024: What hospitality industry wants from Nirmalaji

Rediff.com8 Jul 2024

Hospitality players want the government to accord infrastructure status to hotels to make investments on new properties more attractive rather than categorising them as luxury or even 'sin goods' in the upcoming Union Budget considering the sector's potential to play a key role in India's growth. They also want the government to consider incentives in the form of tax breaks or subsidies for adopting sustainable and eco-friendly practices, while asserting that the upcoming budget must accelerate the tourism agenda saying it is an opportunity to make Indian hospitality the emerging engine for GDP growth and employment generation.

Bold Moves Must For Silver Screen To Sparkle Again

Bold Moves Must For Silver Screen To Sparkle Again

Rediff.com12 Jul 2025

More screens, more films, and longer windows will convert to more people watching, assuming they know a film is releasing, points out Vanita Kohli-Khandekar.

RBI Guv Shaktikanta Das to demit office on Tuesday

RBI Guv Shaktikanta Das to demit office on Tuesday

Rediff.com9 Dec 2024

Shaktikanta Das will demit the office on Tuesday after completing six years as the 25th Governor of the Reserve Bank of India. Revenue Secretary Sanjay Malhotra will replace him as the 26th Governor. He was appointed as the Governor on December 12, 2018, after the abrupt exit of Urjit Patel.

'Sensex Is Barometer Of Economy And Capital Markets'

'Sensex Is Barometer Of Economy And Capital Markets'

Rediff.com18 Jul 2025

'BSE has facilitated nearly Rs 35 trillion in capital raising across multiple segments.'

Modi Bluster Missing From Budget

Modi Bluster Missing From Budget

Rediff.com26 Jul 2024

With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.

2 Indians killed, one abducted in terror attack in Niger

2 Indians killed, one abducted in terror attack in Niger

Rediff.com20 Jul 2025

In a heinous terror attack, two Indians were killed while one was abducted in the Dosso region of Niger, as noted by the Indian Embassy in Niger.

Work Begins On The Full Budget

Work Begins On The Full Budget

Rediff.com26 Mar 2024

Thrust on infrastructure and capital expenditure is expected to continue in the Union Budget for FY25.

FY26 may be another slow year for IT firms

FY26 may be another slow year for IT firms

Rediff.com1 Aug 2025

The information technology (IT) services industry may be headed for another year of sluggish growth. Based on the results of the top five IT services companies for the first quarter of 2025-26 (Q1FY26), analysts say the possibility of hitting high single-digit revenue growth in FY26 looks unlikely.

The Amjad Khan You Never Knew

The Amjad Khan You Never Knew

Rediff.com14 Aug 2025

'The second Sunday after Sholay's release, Amjad and Shehla had taken Shadaab to Juhu beach. They were strolling leisurely when, to Shehla's shock, he suddenly picked up their son, grabbed her hand and pulled her along, urging her to run. They raced towards their car and had just managed to get in and lock the doors when all hell broke loose. Hundreds started banging on the car, shouting, 'Gabbar Singh bahar niklo!''

PIO's progress: Chennai-born appointed provost of MIT

PIO's progress: Chennai-born appointed provost of MIT

Rediff.com17 Jun 2025

Prof Anantha Chandrakasan has been named Massachusetts Institute of Technology's new provost, the first Indian-American to serve in this leadership role.

Call them back to office, they'll quit: Musk-Vivek's bold plan

Call them back to office, they'll quit: Musk-Vivek's bold plan

Rediff.com21 Nov 2024

Tesla owner billionaire Elon Musk and Indian American entrepreneur Vivek Ramaswamy in an op-ed provided an insight into their blueprint for an unprecedented government reform that includes mass federal job cuts and massive expense reduction.

'Cinema's Greatest Challenge Is Reels'

'Cinema's Greatest Challenge Is Reels'

Rediff.com5 Aug 2025

'I don't know how long cinema will survive.'

Wanted: A Safe Seat For Superstar Vijay

Wanted: A Safe Seat For Superstar Vijay

Rediff.com8 Aug 2025

This is important because he is to be seen as a sure winner before criss-crossing the state to campaign for candidates of the party or an alliance, highlights N Sathiya Moorthy.

Chhaava Earns Rs 470 Cr And More!

Chhaava Earns Rs 470 Cr And More!

Rediff.com3 Mar 2025

It collected Rs 13.30 crore (Rs 133 million) on Friday, and zoomed past Rs 20 crore (Rs 200 million) on Saturday and Sunday.

Vijay's Political Challenge Begins Now

Vijay's Political Challenge Begins Now

Rediff.com22 Aug 2025

Vijay, with his chief ministerial ambitions, is a one-man army, at least as of now, and his campaign team considers him omnipresent. He has to be present in all districts, if not all constituencies at the same time, as there is no second-line leader or platform speaker in the party, who can draw crowds, points out N Sathiya Moorthy.

Stock Markets Shine Despite Weak Monsoon

Stock Markets Shine Despite Weak Monsoon

Rediff.com11 Jun 2025

Data since 2005 show that the five years with the highest rainfall saw average market returns of 8.98 per cent, while the five driest years returned 25.7 per cent on average.

Why Affordable Housing Will Remain Muted Despite Rate Cut

Why Affordable Housing Will Remain Muted Despite Rate Cut

Rediff.com10 Jul 2025

While demand for sub Rs 50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors.

'IPL Final A Magnet For Cricket Tourism'

'IPL Final A Magnet For Cricket Tourism'

Rediff.com30 May 2025

'It's clear that fans are eager to be part of the live stadium experience, reflecting a growing trend of travel driven by marquee sporting events.'

The Future of Movie Nights at Home

The Future of Movie Nights at Home

Rediff.com18 Jun 2025

Mukesh Ambani's Antilia includes a private theatre that seats over 50, a snow room, and even an ice cream parlour. If that's not redefining home entertainment, what is?

Top 10 Careers in Arts and Humanities After Class 12

Top 10 Careers in Arts and Humanities After Class 12

Rediff.com9 Jun 2025

From event planning to digital arts, career coach Nayagam PP offers a list of exciting courses you can pursue after Class 12.

Finance Secretary TK Pandey is new Sebi chairman

Finance Secretary TK Pandey is new Sebi chairman

Rediff.com28 Feb 2025

The Indian government has appointed Finance Secretary Tuhin Kanta Pandey as the new chairman of the Securities and Exchange Board of India (SEBI). Pandey, a 1987-batch IAS officer, will replace Madhabi Puri Buch, whose three-year tenure ends on February 28. Pandey's appointment comes at a time when the markets are experiencing bear pressure due to withdrawals by foreign institutional investors (FIIs). Pandey has extensive experience in the finance ministry, having served as the longest-serving secretary in the Department of Investment and Public Asset Management (DIPAM) and the Department of Public Enterprises (DPE). He also played a key role in the framing of the 2025-26 Budget and the drafting of the new Income Tax Bill. Pandey's appointment is for an initial period of three years.

'We're Winning The War Against Terrorism'

'We're Winning The War Against Terrorism'

Rediff.com30 May 2025

'We've moved from thousands killed yearly in Jammu and Kashmir to 127 last year.' 'Cross-border terrorism in Kashmir is being solved. We are winning it.'

Why Must We Have 7 I-T Categories?

Why Must We Have 7 I-T Categories?

Rediff.com4 Feb 2025

'The finance minister missed yet another opportunity to simplify the income tax structure in the Budget.' 'This was an opportune moment to get rid of the old tax system entirely and move fully to the new system,' asserts M Govinda Rao, member of the 14th Finance Commission.

Rs 2,541 cr boost for tourism, 50 destinations to be developed

Rs 2,541 cr boost for tourism, 50 destinations to be developed

Rediff.com1 Feb 2025

India's Finance Minister Nirmala Sitharaman has announced an ambitious plan to develop the country's top 50 tourist destinations in a "challenge mode", with the aim of boosting employment-led growth and attracting international visitors. The Ministry of Tourism has received a significant budget increase for 2025-2026, with a focus on enhancing tourism infrastructure, promoting domestic and international travel, and ensuring the safety of tourists, particularly women. The government plans to promote homestays, improve connectivity to tourist spots, and provide performance-linked incentives to states that demonstrate effective destination management. The budget also includes investments in public enterprises, skill development programs, and initiatives to promote medical tourism and spiritual tourism.

JCBs used to remove dead bodies after Kumbh stampede: Akhilesh's big claim

JCBs used to remove dead bodies after Kumbh stampede: Akhilesh's big claim

Rediff.com4 Feb 2025

Samajwadi Party leader Akhilesh Yadav has accused the Indian government of hiding the number of deaths in the stampede at the Kumbh Mela in Prayagraj, Uttar Pradesh. Yadav demanded strict action against those involved in covering up the "mis-management" of the event and called for an all-party meeting to discuss the arrangements. He also criticized the government's handling of the stampede, claiming that they used JCB machines and tractor trollies to clear the bodies lying around after the incident.

Lifestyle for environment likely to become national mission

Lifestyle for environment likely to become national mission

Rediff.com30 May 2025

Currently, the NAPCC has eight active missions across sectors like water, energy, and agriculture, aimed at addressing climate change.

Fair trade, focus on manufacturing, infra on steel firms' Budget wish list

Fair trade, focus on manufacturing, infra on steel firms' Budget wish list

Rediff.com10 Jul 2024

India's leading steel companies hope the Modi 3.0 Budget will continue the massive capital expenditure currently underway, focusing on infrastructure development, manufacturing, and fair trade. The infrastructure segment is the largest steel user, and the government's focus has fuelled steel consumption even as international markets have underperformed. According to provisional statistics, steel consumption grew 13.6 per cent in FY24, reaching 136 million tonnes (mt), according to a CRISIL report.

Will money in hand from tax breaks spur housing demand?

Will money in hand from tax breaks spur housing demand?

Rediff.com21 Apr 2025

Real estate developers are hoping that the slew of tax concessions announced in Union Budget 2025, set to take effect this financial year, will spur demand for affordable and mid-segment housing, even as the broader housing market shows signs of fatigue.

Tesla's EVs to start rolling out of Satara in Maharashtra?

Tesla's EVs to start rolling out of Satara in Maharashtra?

Rediff.com19 May 2025

The US carmaker's entry into India is expected by the last quarter of the current financial year.