News for 'Public Account of India'

Emergency at 50: JP's diary tells nation's darkest tale

Emergency at 50: JP's diary tells nation's darkest tale

Rediff.com25 Jun 2025

On that fateful day, Narayan, popularly known as JP and a fierce critic of the then-Indira Gandhi government, addressed a massive gathering at the Ramlila Maidan in Delhi.

Auto industry turns on heat over ICE ban, wants ban deferred

Auto industry turns on heat over ICE ban, wants ban deferred

Rediff.com18 Jul 2025

Siam argues that a 2040 ban could destabilise ongoing and future investments and threaten millions of jobs in the automotive value chain.

HDFC Bank to pursue legal remedies against Mehta family of Lilavati Trust

HDFC Bank to pursue legal remedies against Mehta family of Lilavati Trust

Rediff.com9 Jun 2025

HDFC Bank on Sunday said that it will "pursue all lawful remedies" to recover public funds and address the retaliatory actions taken by the Mehta family of the Lilavati Kirtilal Mehta Medical (LKMM) Trust, which has filed a complaint against the bank's managing director (MD) & chief executive officer (CEO) Sashidhar Jagdishan alleging financial fraud.

No option for states to reject bike taxi norms: Rapido cofounder Guntupalli

No option for states to reject bike taxi norms: Rapido cofounder Guntupalli

Rediff.com10 Jul 2025

Rapido - one of the largest players in the bike taxi commute business - says the new guidelines released by the central government on July 1, permitting "non-transport motorcycles" for aggregators, no longer give states the option of rejecting the revised policy.

'Who Was Flying AI 171 When Mayday Was Called?'

'Who Was Flying AI 171 When Mayday Was Called?'

Rediff.com21 Jul 2025

'Who tried engine relight?' 'If the first officer was the one flying at takeoff, the captain may have taken control immediately post-thrust loss.' 'But the AAIB report doesn't clarify any of this.'

Has US Averted India-Pakistan War?

Has US Averted India-Pakistan War?

Rediff.com2 May 2025

The 'mediation' by the United States from behind the scene on the diplomatic track appears to be once again working, which calls on both Delhi and Islamabad to show restraint and pull back from a military confrontation, notes Ambassador M K Bhadrakumar.

Fraud amount jumps 3 times in FY25, PSBs hit most

Fraud amount jumps 3 times in FY25, PSBs hit most

Rediff.com29 May 2025

The overall number of frauds, including those related to loan accounts and digital payments, jumped by three times in FY25, primarily due to reclassification of 122 cases as per a Supreme Court order, the Reserve Bank said on Thursday. The fraud value jumped to Rs 36,014 crore in FY25, up from Rs 12,230 crore in the previous fiscal year, while the number of fraud cases went down to 23,953 in FY25 from 36,060 in FY24.

China, Pak listening, Jaishankar reminds SCO of its '3 evils' pitch

China, Pak listening, Jaishankar reminds SCO of its '3 evils' pitch

Rediff.com15 Jul 2025

Jaishankar said the UN Security Council condemned the attack and underlined the need to hold perpetrators, organisers, financiers and sponsors of the reprehensible act and bring them to justice.

Want To Open PPF Account For Your Child?

Want To Open PPF Account For Your Child?

Rediff.com10 Sep 2024

Long-term tax-saving FDs can also be considered after the PPF limit has been exhausted.

When Indira Gandhi donated Rs 90,000 for JP's treatment

When Indira Gandhi donated Rs 90,000 for JP's treatment

Rediff.com25 Jun 2025

In a little-known episode from the Emergency era, former prime minister Indira Gandhi quietly donated a significant sum of Rs 90,000 for treatment of her fiercest critic, Jayaprakash Narayan, the leader of the nationwide anti-Emergency movement.

Schools reopen in Jammu's border areas after 8 days of India-Pak tension

Schools reopen in Jammu's border areas after 8 days of India-Pak tension

Rediff.com15 May 2025

The reopening brought a sense of relief to students, teachers, and parents across the region.

Meet India's first private reinsurer

Meet India's first private reinsurer

Rediff.com15 Mar 2025

In Debasish Panda's last board meeting as chairperson of the Insurance Regulatory and Development Authority of India (Irdai), the regulator approved the "R2" licence for Kamlesh Goyal and Prem Watsa-backed Value Attics Reinsurance, making it the first private-sector Indian reinsurer after GIC Re, the public-sector reinsurer. "The authority reviewed and approved the R2 application of Value Attics Reinsurance, making it the first private-sector reinsurer after GIC Re, the public-sector reinsurer.

What Is Khelo Bharat Niti All About?

What Is Khelo Bharat Niti All About?

Rediff.com1 Jul 2025

Khelo Bharat Niti: Regulatory bodies for better sports administration but will IOA, NSFs play ball?

Why Calcutta Remains A City Of Bhoy

Why Calcutta Remains A City Of Bhoy

Rediff.com8 Aug 2025

A year after the RG Kar rape-murder Swarupa Dutt/Rediff look at the city where it happened, Kolkata -- its study in dichotomy, at once the self-proclaimed cultural capital of India as also a petri dish for a peculiar rage that breeds crimes against women.

No visa on 'omitting' social media info: US embassy

No visa on 'omitting' social media info: US embassy

Rediff.com26 Jun 2025

Outlining each visa adjudication as a 'national security decision', the United States has asked applicants to share their social media usernames or handles of each platform they have used in the last five years.

ICAI to help Sebi in tackling financial fraud

ICAI to help Sebi in tackling financial fraud

Rediff.com3 May 2025

Chartered accountants' apex body ICAI will be preparing a research paper to help markets watchdog Sebi in dealing with financial frauds. ICAI president Charanjot Singh Nanda on Saturday said the institute will set up a working group and hold discussions with Sebi to finalise the various aspects that will be looked into with respect to tackling financial fraud.

India To Train AI Models Using Religious Texts

India To Train AI Models Using Religious Texts

Rediff.com22 Apr 2025

Inputs from religious texts, scriptures of local dialects and inspirational word-of-mouth stories will also be included.

Be Prepared For Another War!

Be Prepared For Another War!

Rediff.com18 Jul 2025

India needs to be technologically and militarily prepared to defend itself from both Pakistan and China, alerts Ramesh Menon.

AI Crash Report Raises More Questions: Pilots

AI Crash Report Raises More Questions: Pilots

Rediff.com14 Jul 2025

Pilot groups have accused the AAIB of portraying the pilots as responsible for the incident, with vague and selective presentation of cockpit conversations.

Why BMW India hopes to buck the trend of low sales in 2025

Why BMW India hopes to buck the trend of low sales in 2025

Rediff.com14 Apr 2025

While sedan sales have declined in the mass-market segment in recent years, demand remains strong for BMW sedans, which account for 45 per cent of its sales in India.

How Adani Plans To Fund $20 Billion Expansion

How Adani Plans To Fund $20 Billion Expansion

Rediff.com19 Jun 2025

'About $8.5 billion in free cash, about $3 billion as annual debt refinancing, and $3 billion-4 billion in fresh borrowing. An additional $1.6 billion-1.8 billion will come from development profits in 2025-26.'

FIR over fake attack post on Col Qureshi's in-laws' home in K'taka

FIR over fake attack post on Col Qureshi's in-laws' home in K'taka

Rediff.com15 May 2025

Belagavi superintendent of police Bheemashankar Guled had on Wednesday confirmed, "No such incident has taken place," clarifying that the post was false.

Dhankhar's Exit: Why RSS Won't Rock Modi's Boat

Dhankhar's Exit: Why RSS Won't Rock Modi's Boat

Rediff.com30 Jul 2025

'Modi's charisma may have weakened as last year's Lok Sabha poll results showed but in the eyes of the Sangh Parivar, it has not waned.' 'Minus a strong BJP government at the Centre for another decade and more, there is apprehension that an anti-Hindutva government could reverse many of the ideological gains that the Modi dispensation has achieved through its three terms,' points out N Sathiya Moorthy.

Why There Is A Surge In Demat Accounts

Why There Is A Surge In Demat Accounts

Rediff.com6 Sep 2024

The total number of demat accounts in the country stood at 171.1 million as of August 31.

SEBI Cracks Whip On 'Pump And Dump' Scam

SEBI Cracks Whip On 'Pump And Dump' Scam

Rediff.com9 Jul 2025

In a pump and dump operation, fraudsters artificially inflate the price of a stock by spreading misleading or false information, creating a frenzy among unsuspecting retail investors.

Omit social media, risk visa denial: US tightens screening rules

Omit social media, risk visa denial: US tightens screening rules

Rediff.com26 Jun 2025

Outlining each visa adjudication as a "national security decision", the US has asked applicants to share their social media usernames or handles of each platform they have used in the last five years.

50 Years Of Emergency: Banality Of Evil, And A Warning

50 Years Of Emergency: Banality Of Evil, And A Warning

Rediff.com26 Jun 2025

While India today is vastly different from the India of 1975, the need for vigilance against authoritarianism remains the same, asserts Utkarsh Mishra.

Bharat Mata Dispute Rocks Kerala Academia

Bharat Mata Dispute Rocks Kerala Academia

Rediff.com25 Jul 2025

The Bharat Mata controversy in Kerala shows how political and symbolic fights between the state and the Centre have taken attention away from education, throwing the state's oldest university into confusion and disorder, observes Shyam G Menon.

CBI Raids 10 Sites in Cyberfraud Crackdown

CBI Raids 10 Sites in Cyberfraud Crackdown

Rediff.com14 Jun 2025

The raids were linked to a sophisticated organised investment fraud scheme targeting unsuspecting individuals through fake mobile apps and WhatsApp groups.

'I'm Not A Chor'

'I'm Not A Chor'

Rediff.com7 Jun 2025

Breaking his silence after nine years, Vijay Mallya said he may return to India if assured a fair trial.

'Illegal Gambling Sites Are National Security Threat'

'Illegal Gambling Sites Are National Security Threat'

Rediff.com2 Jun 2025

'Illegal gambling operators are systematically exploiting India's advertising and payment infrastructure, siphoning off crores of rupees from outside the country.'

Industrialist Ratul Puri discharged in Rs 1,101-cr Moser Baer cases

Industrialist Ratul Puri discharged in Rs 1,101-cr Moser Baer cases

Rediff.com20 Jun 2025

An accused is discharged at the stage of charge-framing when the judiciary is persuaded that the prosecution's claims do not contain adequate prima facie evidence to suggest criminal conduct.

'UCO Bank's strategy is to raise capital in tranches'

'UCO Bank's strategy is to raise capital in tranches'

Rediff.com27 Jun 2025

'Raising the entire amount in one go may not be prudent, given the market dynamics.'

'Media Frenzy Has Ruined Justice Varma's Reputation'

'Media Frenzy Has Ruined Justice Varma's Reputation'

Rediff.com16 Apr 2025

'Presumption of innocence must guide all formal actions, but transparency must not be mistaken for pre-judgment.' 'The cruel irony, however, is that Justice Varma is a fine judge who enjoys a reputation for writing well-reasoned judgments.'

The price of building India: Why cement remains in the 28% GST slab

The price of building India: Why cement remains in the 28% GST slab

Rediff.com7 May 2025

The 31st meeting of the Goods and Services Tax (GST) Council, held in December 2018, deferred a decision to reduce the GST rate for cement from 28 per cent to 18 per cent. This was despite recognising that cement - along with automobile parts - remained among the few mass-consumption items still taxed at the highest slab, which was originally meant for luxury and sin goods.

'Why Would A Pilot Go And Touch The Switch?'

'Why Would A Pilot Go And Touch The Switch?'

Rediff.com14 Jul 2025

'The switch can't be shut off by an accidental brush of the hand, but needs effort, conscious physical action to operate it.' 'Was it the software of the aeroplane that caused the switch to turn off?' 'Was it the hardware of the aeroplane?' 'Was it both software and hardware put together?'

India sees record deal activity in Feb at $7.2 bn

India sees record deal activity in Feb at $7.2 bn

Rediff.com15 Mar 2025

India witnessed a record-breaking surge in deal activity in February, with 226 M&A and private equity deals totaling $7.2 billion -- the highest monthly deal volume in the last three years, according to the Dealtracker report of Grant Thornton Bharat. "This represents a 67 per cent increase in volumes and a 5.4-fold increase in values compared to February 2024, while a 14 per cent increase over the previous month," it said.

India's VC funding rises 43% to $13.7 bn in 2024

India's VC funding rises 43% to $13.7 bn in 2024

Rediff.com11 Mar 2025

India's Venture Capital (VC) ecosystem exhibited robust growth in 2024, with funding surging 43 per cent year-on-year to $13.7 billion, according to a report. This recovery was fuelled by a 45 per cent rise in deal activity, with 1,270 transactions recorded, reinforcing India's position as the second largest market for venture capital and growth funding in the Asia-Pacific region, the report by Bain & Company and IVCA said.

'Pressure On Dollar May Continue In Near Term'

'Pressure On Dollar May Continue In Near Term'

Rediff.com12 Jun 2025

'Many global investors have been overweight on dollar assets, so some diversification or hedging is naturally expected.'

Sebi bans IndusInd Bank former CEO, 4 others from securities mkt

Sebi bans IndusInd Bank former CEO, 4 others from securities mkt

Rediff.com28 May 2025

Markets regulator Sebi on Wednesday barred former CEO of IndusInd Bank, Sumant Kathpalia, and four other senior officials from accessing the securities markets in connection with an alleged insider trading in the bank's shares. In addition to the market ban, Sebi has impounded Rs 19.78 crore collectively from the five individuals, according to an interim order passed by the regulator.