News for 'Public Accounts Committee'

How can you use 'jumla' for PM, where is Lakshman Rekha, HC asks Umar Khalid

How can you use 'jumla' for PM, where is Lakshman Rekha, HC asks Umar Khalid

Rediff.com27 Apr 2022

The Delhi high court Wednesday expressed its displeasure over the use of the term jumla by former Jawaharlal Nehru University student Umar Khalid in his criticism of the prime minister while delivering the speech.

Agusta case: Centre says PM didn't strike any deal with Italy

Agusta case: Centre says PM didn't strike any deal with Italy

Rediff.com29 Apr 2016

In the matter pertaining to acquisition of AgustaWestland helicopters, the undisputed central issue that stands out is corruption, especially bribery, the statement said.

Lalu gets 3.5-yr jail, Rs 10 lakh fine in fodder scam case

Lalu gets 3.5-yr jail, Rs 10 lakh fine in fodder scam case

Rediff.com6 Jan 2018

RJD sources said that the party would appeal against the verdict.

No plan to print currency notes to tide over crisis: Sitharaman

No plan to print currency notes to tide over crisis: Sitharaman

Rediff.com26 Jul 2021

The government has no plan to print currency notes to tide over the current economic crisis triggered by the outbreak of COVID-19 pandemic, Finance Minister Nirmala Sitharaman informed Parliament on Monday. To a question on whether there is any plan to print currency to tide over the crisis, the finance minister said, "No Sir". Many economists and experts have suggested to the government to print more currency notes to tide over the difficult economic situation with a view to support the economy ravaged by the spread of COVID-19, and protect jobs.

Lalu Prasad convicted in fodder scam case, sent to jail

Lalu Prasad convicted in fodder scam case, sent to jail

Rediff.com23 Dec 2017

The quantum of punishment will be announced on January 3, 2018.

Sachin's first speech in Rajya Sabha drowned out by Congress members

Sachin's first speech in Rajya Sabha drowned out by Congress members

Rediff.com21 Dec 2017

Tendulkar was slated to initiate a short duration discussion on the right to play and the future of sports in India, which was disrupted by the protests that led Chairman M Venkaiah Naidu to adjourn the House for the day.

Inside Tokyo's decision to delay the Olympics

Inside Tokyo's decision to delay the Olympics

Rediff.com27 Mar 2020

It was an extraordinary turnaround for an Olympics that was expected to be held without major issues by a country known for public safety and economic stability. It also revealed a fatal miscalculation by Japanese and IOC officials of public sentiment at a time of heightened fears over the coronavirus.

Inflation likely to be high in Q2: Das

Inflation likely to be high in Q2: Das

Rediff.com6 Aug 2020

Das said that global economic activity has remained fragile and the surge in COVID-19 cases has subdued early signs of revival.

Why RBI wants govt to dilute stake in banks

Why RBI wants govt to dilute stake in banks

Rediff.com1 Apr 2014

The RBI wants to enforce more transparency in public sector banks. Manojit Saha The Apex bank wants the government t oreduce stakes in PSUs.

How RBI's reserves can boost the economy

How RBI's reserves can boost the economy

Rediff.com28 Dec 2018

The use of RBI capital to strengthen public sector banks will have many positive implications for the economy -- and a few manageable downsides, points out R Jagannathan.

Facebook's lobbying practices in India may be probed before election

Facebook's lobbying practices in India may be probed before election

Rediff.com5 Mar 2019

The parliamentary committee on IT has recently been in the news for asking global representatives of Twitter, Facebook, WhatsApp and Instagram to present their views on misuse of social media platforms and its impact on citizens.

Hijab Row: Politics Of Communal Polarisation

Hijab Row: Politics Of Communal Polarisation

Rediff.com14 Feb 2022

Some important simple truths about the issue may be more helpful than high sounding debates, asserts Mohammad Sajjad.

Who Is RESPONSIBLE For The NSE Mess?

Who Is RESPONSIBLE For The NSE Mess?

Rediff.com22 Feb 2022

In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.

Even 10 years after Satyam, audit quality remains a concern

Even 10 years after Satyam, audit quality remains a concern

Rediff.com14 Jan 2019

Experts say, auditors must not allow themselves to be intimidated by the client management into conducting audits by conversation. It is important for auditors to conduct proper interviews and ask probing and searching questions.

India-born US judge will decide antitrust case against Google

India-born US judge will decide antitrust case against Google

Rediff.com22 Oct 2020

India-born US district judge Amit Mehta, an Obama appointee, has been assigned the justice department's crucial lawsuit against internet search giant Google.

China top buyer of Indian steel under lockdown

China top buyer of Indian steel under lockdown

Rediff.com30 Jun 2020

In the first two months of the current fiscal, Indian exports of finished steel reportedly grew by almost 76 per cent on a YoY basis and China alone accounted for close to 60 per cent of the increase.

Are hashtags really political ads?

Are hashtags really political ads?

Rediff.com10 Apr 2021

The Election Commission has done its homework pretty well on political hashtags, observes ad guru Sandeep Goyal.

US Fed cuts interest rate to almost zero

US Fed cuts interest rate to almost zero

Rediff.com16 Mar 2020

In a drastic measure to stem any major disruption to the US economy as a result of the coronavirus outbreak, the Federal Reserve has cut its benchmark interest rate to almost zero and said it would buy USD700 billion in bonds. The covid-19 pandemic has sickened more than 156,000 people worldwide and left more than 5,800 dead. The death toll in the US stands at 68, while infections neared 3,700.

Full text: President Murmu's address to Parliament's Budget Session

Full text: President Murmu's address to Parliament's Budget Session

Rediff.com31 Jan 2023

'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.

Bonanza for around 30 mn industrial workers

Bonanza for around 30 mn industrial workers

Rediff.com11 Mar 2020

The Seventh Pay Commission had decided to choose the CPI-IW as the index for adjusting inflation for central government employees.

Govt takes Rs 12,489 cr hit as telcos understate revenue: CAG

Govt takes Rs 12,489 cr hit as telcos understate revenue: CAG

Rediff.com11 Mar 2016

The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.

Is Facebook answerable to Delhi?

Is Facebook answerable to Delhi?

Rediff.com9 Oct 2020

'Under Section 79 of the IT Act, Facebook is mandated to exercise care. Once you have a duty, you do not have the right to silence; you need to show compliance.'

PNB expects to restructure loans worth Rs 40k crore

PNB expects to restructure loans worth Rs 40k crore

Rediff.com24 Aug 2020

The RBI had on August 7 announced a five-member expert panel under former ICICI Bank chairman Kamath to make recommendations on the required financial parameters for recasting corporate loans.

RBI tightens fit-and-proper criteria for directors on PSB boards

RBI tightens fit-and-proper criteria for directors on PSB boards

Rediff.com5 Aug 2019

Members of Parliament, state legislatures, and local governments not eligible to be members of PSB boards

US-based firm prepares class-action suit against Infosys

US-based firm prepares class-action suit against Infosys

Rediff.com22 Oct 2019

In a statement, Rosen Law Firm said it is investigating potential securities claims on behalf of shareholders of Infosys resulting from allegations that the company may have issued materially misleading business information to the investing public.

ICAI red-flags auditor selection process at PSU banks

ICAI red-flags auditor selection process at PSU banks

Rediff.com5 Apr 2015

The current process for selecting auditors could compromise their "independence".

FinMin sets up panel on unclaimed PPF, small savings deposits

FinMin sets up panel on unclaimed PPF, small savings deposits

Rediff.com3 Sep 2014

The Committee, which has been set up in pursuance of the announcement made by the Minister in his Budget speech, will also suggest whether the unclaimed deposit should come to government or be kept in a separate account.

US seeks immediate restoration of democratically elected govt in Myanmar

US seeks immediate restoration of democratically elected govt in Myanmar

Rediff.com9 Feb 2021

The United States has demanded the immediate and full restoration of the democratically elected government in Myanmar and said that America stands with the elected representatives of the Asian nation.

Will Congress's leadership crisis end on Aug 10?

Will Congress's leadership crisis end on Aug 10?

Rediff.com7 Aug 2020

The current battle within the party is seen as setting the stage for August 10 when Sonia completes one year of interim presidentship, and questions are being raised about a leadership vacuum. For the first time, responsible quarters are suggesting that as Sonia cannot function as interim president indefinitely and Rahul seems to want power but not the responsibility, one way out is collective leadership, reports Aditi Phadnis.

Tax panel seeks major changes to reassessment rules

Tax panel seeks major changes to reassessment rules

Rediff.com20 Aug 2019

The I-T officer can go back up to six years to scrutinise the books of accounts of the assessees.

Budget has a vaccine for banking's virus

Budget has a vaccine for banking's virus

Rediff.com17 Feb 2021

Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.

Can Dada fix the BCCI?

Can Dada fix the BCCI?

Rediff.com21 Oct 2019

'Somewhere along the way, elected office-bearers appeared to have lost sight of the interest of cricket and begun to pursue their own interpretation of what the game should be.' 'Families made it a tradition to have their representatives occupy, if not usurp, positions in state associations,' points out Vinod Rai, who will step down as head of the BCCI's Committee of Administrators on Wednesday, October 23.

CBI needs a surgical strike

CBI needs a surgical strike

Rediff.com20 Nov 2018

'The downslide has been rapid leading up to the number one and number two of the organisation flinging against each other horrendous accusations of bribery and tampering with investigations for personal gain, and the latest petition to the Supreme Court by the joint director of the CBI, M K Sinha, opening a veritable Pandora's Box of repulsive skeletons,' notes B S Raghavan, the distinguished civil servant who witnessed the CBI's birth.

Russia attempted to interfere in 2020 polls: US report

Russia attempted to interfere in 2020 polls: US report

Rediff.com17 Mar 2021

A declassified report by the United States intelligence released stated that Russia and Iran undertook campaigns to influence the 2020 Presidential election, but intelligence agencies found no evidence that foreign actors tried to alter votes or other technical aspects of the voting process.

1962 War: 'Secret Reports' lost forever?

1962 War: 'Secret Reports' lost forever?

Rediff.com18 Jul 2020

'The Himmatsinghji Report is still 'missing'.' 'It is a great loss for the knowledge of India's borders.' 'It would have an immense value at a time China is bound to shift its attention to other border fronts in the Himalayas,' notes Claude Arpi.

2016 US poll: Trump orders declassification of documents

2016 US poll: Trump orders declassification of documents

Rediff.com7 Oct 2020

Tim Murtaugh, Trump 2020 communications director, in a statement said now it is known that Hillary Clinton hatched a plan to divert attention away from her use of a private email server by falsely tying then-candidate Donald Trump to Russia.

Centre sets up panel to suggest measures against mob lynching

Centre sets up panel to suggest measures against mob lynching

Rediff.com23 Jul 2018

The panel will submit its recommendations to a ministerial committee, headed by Union Home Minister Rajnath Singh.

Pay up, make peace: Promoters make one-time settlements with banks on loans

Pay up, make peace: Promoters make one-time settlements with banks on loans

Rediff.com5 Apr 2019

Lenders say settlements will cross over 100 accounts in the March quarter.

CVC, CBI corruption complaints may be probed under Lokpal, says panel

CVC, CBI corruption complaints may be probed under Lokpal, says panel

Rediff.com7 Dec 2015

Citing overlapping of functions, a parliamentary committee on Monday recommended integrating Central Vigilance Commission and anti-corruption wing of the Central Bureau of Investigation to work directly under the command and control of Lokpal to deal with corruption cases.

Biden picks Vanita Gupta as associate attorney general

Biden picks Vanita Gupta as associate attorney general

Rediff.com7 Jan 2021

US President-elect Joe Biden on Thursday nominated Indian-American Vanita Gupta to be the associate attorney general and roped in Judge Merrick Garland for the position of attorney general.