News for 'Public Account of India'

Nirmalaji Releases The Nuclear Genie

Nirmalaji Releases The Nuclear Genie

Rediff.com3 Feb 2025

'If the BJP detoxifies the nuclear liability law, it will bring economic, environmental and, most of all, strategic benefits.' 'Let's keep our fingers crossed and hope that this Budget promise is met soon -- ideally, before Mr Modi heads to his first meeting with Trump 2.0,' observes Shekhar Gupta.

Govt tweaks election rule; why is ECI afraid, asks Cong

Govt tweaks election rule; why is ECI afraid, asks Cong

Rediff.com21 Dec 2024

Based on the recommendation of the Election Commission (EC), the Union law ministry on Friday amended Rule 93(2)(a) of the Conduct of Election Rules, 1961, to restrict the type of "papers" or documents open to public inspection.

'Government Is Constantly Trying To Subvert RTI'

'Government Is Constantly Trying To Subvert RTI'

Rediff.com9 Jan 2025

'The government does not want to be transparent or accountable. Therefore, they do not want to appoint information commissioners.'

History in Minutes: Who Betrayed Chandra Shekhar Azad?

History in Minutes: Who Betrayed Chandra Shekhar Azad?

Rediff.com28 Feb 2025

On the 94th anniversary of the revolutionary giant's martyrdom, Utkarsh Mishra revisits the events of February 27, 1931.

Why govt is demanding $2.81 bn from RIL, BP

Why govt is demanding $2.81 bn from RIL, BP

Rediff.com4 Mar 2025

The government has slapped a $2.81 billion (about Rs 24,500 crore) demand notice on Reliance Industries and its partners, including BP Plc for gains made from producing and selling natural gas that may have migrated from neighbouring block of state-owned ONGC. This follows the Delhi high court's decision on February 14, overturning an international arbitration tribunal ruling that held the duo not responsible for paying any compensation for the gas they produced and sold which had allegedly migrated from adjoining fields.

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.

Failure to disclose foreign assets, income to invite Rs 10L penalty: I-T dept

Failure to disclose foreign assets, income to invite Rs 10L penalty: I-T dept

Rediff.com17 Nov 2024

The Income-Tax Department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR can attract a penalty of Rs 10 lakh under the anti-black money law. The department issued a public advisory as part a compliance-cum-awareness campaign launched recently by it on Saturday to ensure that such information is reported by the assessee in their Income Tax Return (ITR) for assessment year (AY) 2024-25.

SC uploads probe report, with photos, video of 'cash recovery' at judge home

SC uploads probe report, with photos, video of 'cash recovery' at judge home

Rediff.com23 Mar 2025

The Supreme Court of India has released an inquiry report into the alleged discovery of a large amount of cash at the residence of Delhi High Court judge Yashwant Varma. The report, which includes photos and videos, was uploaded on the court's website. Chief Justice of India Sanjiv Khanna has formed an in-house committee to investigate the matter and has asked the Delhi High Court Chief Justice to not assign any judicial work to Justice Varma. Justice Varma has denied the allegations, claiming they are part of a conspiracy to frame him. The inquiry report, submitted by the Delhi High Court Chief Justice, has been made public and calls for a deeper probe into the incident. The incident has raised concerns about judicial accountability and has prompted the Congress party to call for strong measures to uphold public trust in the judiciary.

What You Can Do With The Extra Money

What You Can Do With The Extra Money

Rediff.com4 Feb 2025

'Some part could be used for consumption purposes, and the rest could be used to meet important financial goals.' 'The split can be 30:70 to 50:50, depending on one's situation.'

India communicating between Russia, Ukraine to end war: Jaishankar

India communicating between Russia, Ukraine to end war: Jaishankar

Rediff.com1 Oct 2024

With these propositions in mind, India started "some exploratory discussions" he said, adding that it started during Prime Minister Narendra Modi's visit to Italy during G-7, and then during his visit to Moscow.

Tough Time Ahead for Banking Sector?

Tough Time Ahead for Banking Sector?

Rediff.com5 Mar 2025

Net NPAs increased to Rs 36,260 crore in the December quarter from Rs 34,843 crore in September and Rs 33,116 crore in December 2023, observes Tamal Bandyopadhyay.

Rs 2,000 notes totalling Rs 9,760 cr still with the public: RBI

Rs 2,000 notes totalling Rs 9,760 cr still with the public: RBI

Rediff.com1 Dec 2023

The Reserve Bank of India (RBI) on Friday said nearly 97.26 per cent of the Rs 2,000 bank notes have been returned to the banking system, and only about Rs 9,760 crore worth of the notes are still with the public. On May 19, the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation. "The total value of Rs 2,000 bank notes in circulation, which amounted to Rs 3.56 lakh crore as at the close of business on May 19, 2023 when the withdrawal of Rs 2,000 bank notes was announced, has declined to Rs 9,760 crore as at the close of business on November 30, 2023," the RBI said in a statement.

Murthy flags fake news about him; cautions public

Murthy flags fake news about him; cautions public

Rediff.com14 Dec 2023

Infosys co-founder NR Narayana Murthy on Thursday called out "fake news items", which claimed he endorsed automated trading applications and warned the public not to fall for such fraudulent claims. He also slammed "fake interviews" that used "deepfake pictures and videos" of him. In a series of posts on X, Murthy drew the attention of the public to false content being put out by malicious sites and products or services being sold fraudulently using his name and urged people to report any such instances to the concerned regulatory authorities.

Will Budget Help BJP Bag Delhi?

Will Budget Help BJP Bag Delhi?

Rediff.com4 Feb 2025

Banking on the Budget's tax relief, the BJP seeks to energise Delhi's middle class; the AAP is doing its bit too. But will their outreach mobilise this politically crucial yet disengaged electorate?

Sebi's 2024 review: Push for reforms continued despite controversies

Sebi's 2024 review: Push for reforms continued despite controversies

Rediff.com31 Dec 2024

In 2024, the Securities and Exchange Board of India (Sebi) implemented significant reforms, focusing on cooling down the derivatives segment, enhancing transparency and accountability in small and midsised enterprise (SME) listings, and deepening the fund management ecosystem.

'An All-Out Budget For Middle Class'

'An All-Out Budget For Middle Class'

Rediff.com7 Feb 2025

'There's a misconception that all Rs 1 lakh crore will be spent immediately, leading to higher consumption of FMCG goods, travel, and vehicle purchases.' 'While some of this money will go toward consumption, not all of it will.' 'The impact depends on where people deploy their savings.'

Amit Shah ordered violence: Canada minister's big claim

Amit Shah ordered violence: Canada minister's big claim

Rediff.com30 Oct 2024

Top Canadian officials have accused Union Home Minister Amit Shah of leading a campaign targeting Sikh separatists in Canada, escalating tensions between the two nations.

His fight is to save...: Rahul vs Kejriwal in Delhi

His fight is to save...: Rahul vs Kejriwal in Delhi

Rediff.com14 Jan 2025

Congress leader Rahul Gandhi launched a scathing attack on Prime Minister Narendra Modi and former Delhi Chief Minister Arvind Kejriwal, accusing them of neglecting the welfare of backward sections, Dalits, tribals, and minorities. Gandhi promised a caste census in Delhi if the Congress forms the government, echoing his national call for removing the 50 percent cap on reservations. He also criticized Kejriwal's governance, drawing parallels with Modi's alleged reliance on propaganda and false promises. The Congress and AAP are part of the INDIA bloc, but are contesting the upcoming Delhi assembly polls separately. Gandhi's speech highlights the growing political tension ahead of the polls, where the Congress aims to regain its foothold in Delhi.

Women Voters: The Rising Power Transforming Politics

Women Voters: The Rising Power Transforming Politics

Rediff.com15 Jan 2025

'Women' as a political constituency appears to be an idea that has come of age. It is changing India in ways that we only dimly understand, asserts Aditi Phadnis.

'Supreme Court Must Clarify Justice Chandrachud's Places Of Worship Remark'

'Supreme Court Must Clarify Justice Chandrachud's Places Of Worship Remark'

Rediff.com18 Feb 2025

'It was a disaster on his part to give an oral remark which allowed ascertainment of the religious character of places of worship.' 'This disrupted the social harmony of the country.'

Why PSU Banks Should Be Held Accountable

Why PSU Banks Should Be Held Accountable

Rediff.com8 Nov 2023

If they are made accountable, bad loan cases will shrink dramatically, recoveries will rise, and the NCLT process will be more manageable, asserts Debashis Basu.

What If China, America Make Up?

What If China, America Make Up?

Rediff.com13 Feb 2025

Trump spoke approvingly of his recent telephone conversation with Xi Jinping. This could indicate the possibility of America and China reaching some level of tactical accommodation, which would not be good news for India, points out Ambassador Shyam Saran, a former foreign secretary.

What You Don't Know About Ambani, Adani Wealth

What You Don't Know About Ambani, Adani Wealth

Rediff.com21 Jan 2025

Ambani and Adani account for a fifth of the net worth of all billionaire promoters in the country and half the combined net worth of the top 10.

'2025 Is Year To Keep Expectations Low'

'2025 Is Year To Keep Expectations Low'

Rediff.com12 Feb 2025

'Stay disciplined, and remain invested.' 'Volatile times are the best to invest in structural opportunities at the right price.'

SEBI chief Buch skips PAC summons; BJP miffed at panel chair

SEBI chief Buch skips PAC summons; BJP miffed at panel chair

Rediff.com24 Oct 2024

Buch, under a cloud over allegations of conflict of interest levelled by United States-based short-seller Hindenburg, was asked to appear before the PAC, which is reviewing the performance of the market regulator.

Health care, pharma IPOs raise Rs 14,811 cr in 2024

Health care, pharma IPOs raise Rs 14,811 cr in 2024

Rediff.com23 Dec 2024

India's healthcare and pharmaceutical sectors raised Rs 14,811 crore through initial public offerings (IPOs) in 2024, the largest since 2019, driven by strong domestic demand amid expanding global opportunities. According to data, key contributors to the record fundraising included Sai Life Sciences (Rs 3,043 crore), IKS Health (Rs 2,498 crore), and Sagility India (Rs 2,107 crore).

HC judge recuses from pleas on suspension of social media accounts

HC judge recuses from pleas on suspension of social media accounts

Rediff.com1 Aug 2023

Justice Subramonium Prasad said petitioner lawyer Sanjay Hegde is a "good friend" of his and that the pleas be listed before some other bench.

Banks post sixth year of profit growth in FY24, bad loans decline further

Banks post sixth year of profit growth in FY24, bad loans decline further

Rediff.com27 Dec 2024

Commercial banks in India reported a sixth consecutive year of rise in their net profits in 2023-24 while bad loans continued to fall, according to the Reserve Bank of India's (RBI's) annual publication "Trends and Progress of Banking in India", released on Thursday. "Banks' profitability rose for the sixth consecutive year in 2023-24 and continued to rise in H1:2024-25 with the return on assets (RoA) at 1.4 per cent and return on equity (RoE) at 14.6 per cent," the report said.

Why Subianto Is The R-Day Chief Guest

Why Subianto Is The R-Day Chief Guest

Rediff.com14 Jan 2025

India is trying hard to erase Indonesia's wariness about New Delhi, building security cooperation in the Indian Ocean and Pacific Ocean. If Indonesia decides to buy the Brahmos missile, it would further strengthen relations between the world's most populous nation and the most populous Islamic country.

Mystery thickens in Zee fund diversion case amid reports of accounting hole

Mystery thickens in Zee fund diversion case amid reports of accounting hole

Rediff.com29 Feb 2024

The mystery surrounding the alleged fund diversion from Zee Entertainment Enterprises (Zee) by founders Subhash Chandra and Punit Goenka has thickened with speculations of an amount multiple times higher than that cited by the ex-parte interim order passed by the Securities and Exchange Board of India (Sebi) dated June 12, 2023. While Zee shares witnessed a fresh selloff on Wednesday, news reports of accounting fraud left investors guessing about the hole in the media broadcaster's books. An order by the Securities Appellate Tribunal (SAT) in October 2023 had clearly hinted that Sebi's investigation had found a deeper rout.

Allahabad HC judge may face SC collegium over VHP event speech

Allahabad HC judge may face SC collegium over VHP event speech

Rediff.com15 Dec 2024

Justice Shekhar Kumar Yadav, an Allahabad High Court judge, is set to appear before the Supreme Court Collegium to explain his controversial statements made at a Vishva Hindu Parishad (VHP) function. The Supreme Court has sought a report from the Allahabad High Court after news reports surfaced regarding Justice Yadav's remarks, which were widely condemned as "hate speech". The judge's statements, made at a VHP event, sparked outrage from various quarters, including opposition leaders and lawyers. The Bar Association of India has also condemned the judge's remarks and called for an apology.

US to deport 487 more Indians, details given to New Delhi

US to deport 487 more Indians, details given to New Delhi

Rediff.com8 Feb 2025

India has raised concerns with the US over the recent deportation of 104 Indian immigrants, with Foreign Secretary Vikram Misri revealing that US authorities have identified up to 487 presumed Indian citizens with "final removal order." Misri also highlighted the "ecosystem to promote illegal migration" and stressed the need for action against those involved in facilitating such operations.

Why Are Indians Migrating Illegally To US?

Why Are Indians Migrating Illegally To US?

Rediff.com12 Feb 2025

Many unauthorised migrants originate from Punjab and Gujarat, states known for high migration aspirations rather than political instability.

How to get more bang for the buck out of field agents

How to get more bang for the buck out of field agents

Rediff.com23 Jan 2025

Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?

Want To Invest In ELSS? Read This

Want To Invest In ELSS? Read This

Rediff.com6 Feb 2025

ELSS investments require a long-term commitment of at least seven years.

Govt ban 'Hindutva Watch' contrary to law, X tells HC

Govt ban 'Hindutva Watch' contrary to law, X tells HC

Rediff.com30 Sep 2024

The Centre's decision to block the entire social media account of 'Hindutva Watch' on the basis of certain alleged offending posts is 'disproportionate' and contrary to the law, social media giant 'X' has told the Delhi high court.

Rule of law an umbrella to protect citizens against State's power: SC

Rule of law an umbrella to protect citizens against State's power: SC

Rediff.com13 Nov 2024

It said the law must be just and fair and should protect the human rights and dignity of all members of society.

How BJP Brought Down Kejriwal

How BJP Brought Down Kejriwal

Rediff.com8 Feb 2025

The BJP coined a new word for AAP, 'Aapda (crisis)', which Modi repeated constantly during the election campaign to show how Delhi residents's lives had become miserable under AAP's 11-year rule.

In Modi's new India, there is no...: Oppn on rail accidents

In Modi's new India, there is no...: Oppn on rail accidents

Rediff.com30 Jul 2024

'This is becoming the new normal. Accountability of @AshwiniVaishnaw ji is zero. The GOI has no answers whatsoever'

Money Courses To Help Earn Up To Rs 2 Cr

Money Courses To Help Earn Up To Rs 2 Cr

Rediff.com13 Sep 2024

Pratham Barot, CEO and co-founder, Zell Education, explains how specialised courses in finance can help you earn a cushy six-figure salary.