News for 'Public Accounts Committee'

Assam NRC data goes offline; it's safe, says MHA

Assam NRC data goes offline; it's safe, says MHA

Rediff.com13 Feb 2020

The data was not available for a couple of days and it created panic in the public, mostly among the people excluded from the list as the rejection certificates were yet to be issued.

US On Diplomacy Road With Taliban?

US On Diplomacy Road With Taliban?

Rediff.com29 Sep 2021

There is growing acceptance of the idea in the international community that engaging the Taliban government is a far better approach than ostracising it, observes Ambassador M K Bhadrakumar.

LCH: Lessons For Indian Defence

LCH: Lessons For Indian Defence

Rediff.com15 Dec 2021

It is baffling how the PM chose the LCH as an indigenous product to celebrate on Rashtriya Raksha Samarpan Parv, even while his Cabinet holds up manufacturing clearance for 15 LCHs on the grounds that they are not Indian enough.

SC verdict will impact all sports bodies: Mudgal

SC verdict will impact all sports bodies: Mudgal

Rediff.com22 Jan 2015

Welcoming the Supreme Court verdict barring N Srinivasan from contesting any BCCI election on grounds of conflict of interest, head of IPL-6 spot-fixing and betting probe committee Justice Mukul Mudgal said that it will have far reaching ramifications as it will also impact on all sports bodies.

Tax parity with ULIPs tops Afmi's wish list ahead of Union Budget

Tax parity with ULIPs tops Afmi's wish list ahead of Union Budget

Rediff.com5 Jan 2021

The pre-Budget proposals sent to the finance ministry aim to bring uniformity in tax treatment for investments in different financial sectors, mitigate hardship to retail taxpayers, and encourage participation in mutual funds.

India set to introduce Sports Fraud Bill to curb corruption

India set to introduce Sports Fraud Bill to curb corruption

Rediff.com30 Jul 2015

The spot-fixing and betting scandal in the Indian Premier League has prompted the government to push for introduction of Sports Fraud Bill in the Parliament in the ongoing monsoon session, Sports Minister Sarbananda Sonowal said on Thursday.

Cong sources say Rahul to continue till new chief appointed

Cong sources say Rahul to continue till new chief appointed

Rediff.com3 Jul 2019

Congress sources also said speculation that Motilal Vora would be appointed as interim party president are incorrect.

Will Farmers Defeat BJP?

Will Farmers Defeat BJP?

Rediff.com21 Sep 2021

Extended rounds of negotiations having failed, farm leaders now reckon that their best chance to pressure the government lay in defeating the BJP in the coming assembly poll, particularly in UP, observes Virendra Kapoor.

RBI may get bigger role to clean up NPA mess

RBI may get bigger role to clean up NPA mess

Rediff.com27 Mar 2017

Central bank likely to keep tabs on large wilful defaulters; policy likely by month-end.

The E-Comm Debate In India

The E-Comm Debate In India

Rediff.com19 Oct 2021

Ajit Balakrishnan offers a thinking man's guide to the state of ecom in a nation of shopkeepers.

PSU banks write off over Rs 1.06 lakh cr in last 5 years

PSU banks write off over Rs 1.06 lakh cr in last 5 years

Rediff.com23 Dec 2014

Public banks may have a tough time in 2015 as they had to write off Rs 1 trillion.

Farmers stir has changed politics and policy-making

Farmers stir has changed politics and policy-making

Rediff.com4 Dec 2021

The Centre's retreat from the farm laws is likely to have a significant bearing on the fate of laws that the Centre has made, for instance, in labour and electricity, predicts A K Bhattacharya.

Maha polls: Maximum City gives minimum seats to Cong

Maha polls: Maximum City gives minimum seats to Cong

Rediff.com24 Oct 2019

In 2014, the Congress had won five seats in Mumbai, which has 36 assembly segments.

Why is RBI allergic to 55-year-old bankers?

Why is RBI allergic to 55-year-old bankers?

Rediff.com6 Oct 2020

Is the RBI unable to accept with grace that beyond 55, one can have the ability to head the compliance functions in a bank, asks Tamal Bandyopadhyay.

'We can go up to 1 crore vaccinations a day'

'We can go up to 1 crore vaccinations a day'

Rediff.com31 Mar 2021

'Ultimately, we have to understand that we don't have the supply at the population scale. 'Therefore, it has to be prioritised.' 'That's what the government has done.'

How home loan borrowers stand to gain from this RBI move

How home loan borrowers stand to gain from this RBI move

Rediff.com15 Dec 2018

Linking all new floating rate loans to an external benchmark won't impact existing borrowers, so customers who have taken long-term home loans recently should watch things carefully, say Joydeep Ghosh and Sanjay Kumar Singh.

RBI urged to provide names of big loan defaulters

RBI urged to provide names of big loan defaulters

Rediff.com27 May 2019

The CIC's directive came while deciding on a plea by Lucknow-based activist Nutan Thakur, who had based her RTI application on some media reports that RBI deputy governor Viral Acharya in a lecture in 2017 had said accounts of some loan defaulters have been sent to banks for resolution.

Govt scraps consumer expenditure survey over 'data quality'

Govt scraps consumer expenditure survey over 'data quality'

Rediff.com16 Nov 2019

The findings of the report showed consumer spending falling for the first time in over four decades in 2017-18. The government has, however, termed it a "draft" report, reports Somesh Jha.

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.

Faulty hip implants: Centre to ask J&J to compensate victims

Faulty hip implants: Centre to ask J&J to compensate victims

Rediff.com30 Aug 2018

Once the patients are identified, the government will decide on the quantum of compensation in each case and then approach J&J for claim settlement.

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.

One mn bank staff to go on strike on August 22

One mn bank staff to go on strike on August 22

Rediff.com8 Aug 2017

The strike call is over privatisation, mergers, and also due to write-off of corporate NPAs, criminalisation of willful default

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.

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.

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.

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.

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.

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.

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.

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'

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.

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.

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.

'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.

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.

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.

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.