News for 'Public Accounts Committee on March'

Delhi polls: Here's what BJP manifesto promises

Delhi polls: Here's what BJP manifesto promises

Rediff.com31 Jan 2020

Delhi BJP chief Tiwari said each poor family will be provided good quality, subsidised 'atta' (wheat flour) at a rate of Rs 2 per kilogram. The BJP will bring an ambitious 'Samridh Delhi Infrastructure Scheme', with a provision of Rs 10,000 crore, to ensure "focussed and priority" development of roads, flyovers, foot over-bridges and other key infrastructure projects, the manifesto stated. The manifesto promises to set up a 'Colonies Development Board' for undertaking development of various civic amenities.

Opposition parties not invited to all-party meet slam govt

Opposition parties not invited to all-party meet slam govt

Rediff.com19 Jun 2020

The Lalu Prasad-led Rashtriya Janata Dal MPs, including his daughter Misa Bharti and Manoj Jha, also staged a protest at Mahatma Gandhi's statue inside the Parliament complex and contended that despite being the chief opposition party in Bihar and the single largest party in the Assembly, it was not invited.

Should we scrap quarterly job surveys?

Should we scrap quarterly job surveys?

Rediff.com16 Jan 2019

A government panel examined the records of employees surveyed by Labour Bureau's quarterly enterprises surveys and mapped it with the EPFO's subscribers and found "unexplained variations" between the two.

PSBs get more teeth to checkmate defaulters

PSBs get more teeth to checkmate defaulters

Rediff.com23 Nov 2018

The Ministry of Home Affairs amended its guidelines on October 12 to include the chairman, managing director or chief executive officer of each public sector bank on the list of authorities who can issue requests for opening look-out circulars against whom an FIR is yet to be filed.

CIA apologises for spying on US senators

CIA apologises for spying on US senators

Rediff.com1 Aug 2014

The chief of the Central Intelligence Agency on Friday apologised for the United States' spy agency's surveillance of computers used by lawmakers and their staffers involved in investigating the organisation's harsh interrogation techniques.

US expands investigations against offshore tax evasion

US expands investigations against offshore tax evasion

Rediff.com27 Feb 2014

Since 2009, the Department has publicly charged 73 account holders and 35 professionals with violations arising from their offshore banking activities, and 72 individuals have plead guilty or were convicted at trial.

Bankers say post-recapitalisation, PSBs 4-5 quarters from profitability

Bankers say post-recapitalisation, PSBs 4-5 quarters from profitability

Rediff.com23 Feb 2019

A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.

Barcelona announce board changes after resignations

Barcelona announce board changes after resignations

Rediff.com14 Apr 2020

The departing directors had criticised the club's handling of a social media scandal and expressed doubts about the board's ability to handle the implications of the COVID-19 pandemic, which has led to a 70% players' pay cut.

MSMEs get early Diwali, GST refund in 30 days

MSMEs get early Diwali, GST refund in 30 days

Rediff.com23 Aug 2019

Reacting to the announcement, MSME Minister Nitin Gadkari said clearing GST dues within 30 days will be highly beneficial for the MSME sector and will also be instrumental in increasing job opportunities.

As India records 2.34 lakh Covid cases, PM urges: Test, track, treat

As India records 2.34 lakh Covid cases, PM urges: Test, track, treat

Rediff.com17 Apr 2021

Top officers across various ministries participate in the meeting that started at 8 pm on Saturday. The meeting is currently underway. The country is currently witnessing a second and more severe wave of the pandemic.

'Rs 600 bn worth of IPOs yet to hit markets'

'Rs 600 bn worth of IPOs yet to hit markets'

Rediff.com14 Jan 2019

'IPOs not clicking is cause for worry,' says Sebi chairman.

Sushma Swaraj is no pushover

Sushma Swaraj is no pushover

Rediff.com20 Jun 2015

Bharatiya Janata Party leader Sushma Swaraj is a fighter who follows her own code. Those who think she's a pushover are making a mistake, says Aditi Phadnis

RIL rights issue oversubscribed 1.59 times

RIL rights issue oversubscribed 1.59 times

Rediff.com3 Jun 2020

In the rights issue, the company is offering one share for every 15 shares held at Rs 1,257. The rights shares are expected to be listed on the BSE and NSE on or around June 12.

Amid row, Facebook says it is transparent and non-partisan

Amid row, Facebook says it is transparent and non-partisan

Rediff.com22 Aug 2020

'We take allegations of bias incredibly seriously, and want to make it clear that we denounce hate and bigotry in any form'

How Stalin is different from Karunanidhi, Jaya

How Stalin is different from Karunanidhi, Jaya

Rediff.com29 May 2021

Unlike the regimes of Jayalalitha, Palaniswami and Karunanidhi, ministers are actually getting to make decisions on their own, with the unmentioned rider that they would be held responsible and accountable, observes N Sathiya Moorthy.

RBI forecasts lower growth for 2018, sees pickup next fiscal

RBI forecasts lower growth for 2018, sees pickup next fiscal

Rediff.com7 Feb 2018

The statement, issued after the 2-day meeting of the 6-member Monetary Policy Committee of the Reserve Bank of India, also said that recapitalisation of public sector banks along with resolution of stressed assets under the Insolvency and Bankruptcy Code (IBC) will create demand for fresh investments.

Why privatising PSBs is not feasible

Why privatising PSBs is not feasible

Rediff.com28 Apr 2018

India has a long way to go before it develops a culture of professional boards accountable to institutional investors. There is, therefore, no realistic alternative to reforming and strengthening PSBs under government ownership, says T T Ram Mohan.

Finance hub? Budget may snub Mumbai

Finance hub? Budget may snub Mumbai

Rediff.com20 Feb 2008

Many financial sector reforms suggested by the Percy Mistry Committee may not figure in Budget 2008-09.

New Parliament will witness making of 'Aatmanirbhar Bharat': PM

New Parliament will witness making of 'Aatmanirbhar Bharat': PM

Rediff.com11 Dec 2020

Addressing the gathering after laying the foundation stone of the new building and performing the ground-breaking ceremony, Modi said many new things were being done in the new Parliament House, which will increase the efficiency of the MPs as modern methods will be incorporated in the work culture.

A politician who means business

A politician who means business

Rediff.com5 Apr 2018

'She really doesn't care if she is called heartless.' 'For her, the job needs to be done. That's all that matters.'

How can it come out in the open: Justice Ganguly on girl's affidavit

How can it come out in the open: Justice Ganguly on girl's affidavit

Rediff.com16 Dec 2013

With Additional Solicitor General Indira Jaising making excerpts from the law intern's affidavit public, former Supreme Court judge A K Ganguly, accused of sexually harassing the intern, today questioned how could a confidential statement be made public.

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

Rediff.com8 Oct 2020

It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.

Will Modi's big ticket reforms help the banking sector?

Will Modi's big ticket reforms help the banking sector?

Rediff.com29 May 2018

Bankers seem to be pleased with the government for keeping its promise of not interfering in operational matters, but are apprehensive about the intense scrutiny of their functioning.

SC reinstates Alok Verma as director but clips his wings

SC reinstates Alok Verma as director but clips his wings

Rediff.com8 Jan 2019

The apex court said that he won't be allowed to take any major policy decision till the high-powered committee considers the issue of "divestment of power and authority".

Infrastructure growth quintessential to boost economy: Survey

Infrastructure growth quintessential to boost economy: Survey

Rediff.com29 Jan 2021

Terming investment in infrastructure "quintessential" to boost growth, the Economic Survey on Friday said post unlocking of the economy, infra sectors are poised for growth and construction of roads is expected to return to the high pace attained before COVID-19. The infrastructure sector will be the key to overall economic growth and macroeconomic stability, the Survey said emphasising that the year after the crisis (2021-22) will require sustained and calibrated measures to facilitate the process of economic recovery and enable the economy to get back on its long-term growth trajectory. "Basic infrastructure facilities in the country provide the foundation of growth. In the absence of adequate infrastructure, the economy operates at a suboptimal level and remains distant from its potential and frontier growth trajectory.

A word of caution for investors as market risks rise

A word of caution for investors as market risks rise

Rediff.com19 Mar 2021

The markets have been unable to sustain at higher levels as a rise in bond yields globally, especially in the US have dented sentiment. Surging commodity prices, especially crude oil that have now hit $70 a barrel (Brent) coupled with inflation woes and fear of sporadic lockdown across major economic hubs back home as Covid cases rise have chased the bulls away. In the short-term, analysts expect the markets to remain volatile as they react to news flow - both from overseas and developments back home. Investors, they say, need to keep a tab on how the US treasury yields move, which in turn will have a ripple effect on how big money moves across developed (DMs) and emerging markets (EMs), including India.

BCCI misleading people on several key issues: Lodha panel

BCCI misleading people on several key issues: Lodha panel

Rediff.com4 Oct 2016

Taking strong exception to the Board of Control for Cricket in India 'misleading' everyone on key issues such as disbursement of large amount of funds to state associations, the Supreme Court-appointed Justice Rajendra Mal Lodha-panel on Tuesday said it is unfortunate that their directions have been 'misinterpreted'.

US State Department releases Hillary's Benghazi emails

US State Department releases Hillary's Benghazi emails

Rediff.com22 May 2015

The US State Department on Friday released a part of emails by former secretary of state Hillary Clinton related to a 2012 terrorist attack on the US consulate in Libya's Benghazi.

Jaitley: Cong peddling lies on Rafale to save 'sinking dynasty'

Jaitley: Cong peddling lies on Rafale to save 'sinking dynasty'

Rediff.com12 Feb 2019

"How many more lies will be peddled to sustain a sinking dynast? India, certainly deserves better," Jaitley said.

Rs 19,000 cr black money detected in ICIJ, HSBC cases

Rs 19,000 cr black money detected in ICIJ, HSBC cases

Rediff.com21 Jul 2017

Replying to a query, whether the government has made any assessment of black money stashed by Indians in foreign countries, Jaitley said there is no official estimation of that.

Kamal Nath moves SC against EC removing him as 'star campaigner'

Kamal Nath moves SC against EC removing him as 'star campaigner'

Rediff.com31 Oct 2020

The poll panel on Friday took note of alleged breach of 'ethical and dignified behaviour' and revoked the 'star campaigner' status of the Congress leader. While the political party pays for the expenditure of a star campaigner, the candidate pays for the expenditure of other campaigners.

FIFA finance watchdog member arrested on corruption charges

FIFA finance watchdog member arrested on corruption charges

Rediff.com7 Sep 2014

FIFA faces more embarrassment after a member of its financial watchdog was arrested on suspicion of corruption and money-laundering in the Cayman Islands.

SC order on RBI circular: How it will hit banks

SC order on RBI circular: How it will hit banks

Rediff.com3 Apr 2019

Bankers said the SC verdict might prolong the resolution process and force lenders to bring back cases to the drawing board.

Why flights are unlikely to resume any time soon

Why flights are unlikely to resume any time soon

Rediff.com10 May 2020

'Indian aviation cannot resume without at least three major airports being functional. If Delhi, Mumbai, Bengaluru, and Kolkata are shut, there is little chance that airlines will start flying even if the government gives the go-ahead.'

'Henceforth, no Indian should fear the taxman'

'Henceforth, no Indian should fear the taxman'

Rediff.com31 Dec 2019

'We have set out a timetable to reduce income tax rates for all incomes below Rs 50 lakh, and to progressively eliminate the surcharges on income above Rs 50 lakh, by 2024.' The Budget speech past CII president Naushad Forbes wants to hear.

Banks should pass on the rate benefit to customers: Shaktikanta Das

Banks should pass on the rate benefit to customers: Shaktikanta Das

Rediff.com5 Aug 2019

Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.

'Modi's political capital has taken a very big beating in the Nirav Modi case'

'Modi's political capital has taken a very big beating in the Nirav Modi case'

Rediff.com1 Mar 2018

'Four weeks have passed after the scam was exposed, yet no big guy has been arrested.' 'This gives the impression that he wants to be soft on the biggies.'

New compensation norms for private, foreign bank honchos

New compensation norms for private, foreign bank honchos

Rediff.com4 Nov 2019

The regulator said if the variable pay is up to 200 per cent of the fixed pay, at least 50 per cent of it should be in non-cash, and if the variable pay is above 200 per cent, 67 per cent of it should be paid via non-cash instruments.

A year after #MeToo: What has changed?

A year after #MeToo: What has changed?

Rediff.com1 Nov 2019

A year ago, India's #MeToo movement witnessed women across India speak up against sexual harassment. Nikita Puri assesses what, if anything, has changed.

All you want to know about social bourses

All you want to know about social bourses

Rediff.com22 Jul 2019

A social stock exchange, broadly, is understood to be a platform that allows investors to buy shares, bonds or units in a social enterprise that has been vetted by the exchange. These allow firms operating in sectors such as health, environment and transportation to raise risk capital.