News for 'Scheme of Arrangement'

Criticism Of RBI's Swap Scheme Is Uncalled For

Criticism Of RBI's Swap Scheme Is Uncalled For

Rediff.com4 days ago

It is important to understand that the rupee's appreciation, driven by the 2013 special swap scheme, reduced India's import costs for petroleum, oil, and gold, points out Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.

With New Zealand series in mind, BCCI to arrange County stint for pacer Auqib Nabi

With New Zealand series in mind, BCCI to arrange County stint for pacer Auqib Nabi

Rediff.com28 Aug 2026

The BCCI is arranging short-term county cricket contracts for talented Indian pacers like Auqib Nabi to prepare them for future international tours, specifically eyeing India's Test series in New Zealand. This initiative aims to provide red-ball experience and exposure to different conditions.

CBIC plans wider AI use, unified portal to ease Customs compliance: Chairman

CBIC plans wider AI use, unified portal to ease Customs compliance: Chairman

Rediff.com3 days ago

The Central Board of Indirect Taxes and Customs (CBIC) is set to significantly increase its use of artificial intelligence (AI), machine learning (ML), and real-time analytics in Customs processes, aiming for a near-touchless, near-digital clearance experience, according to Chairman Vivek Chaturvedi.

UP rehabilitates 21 families from ASI-protected Saundhan Fort in Sambhal

UP rehabilitates 21 families from ASI-protected Saundhan Fort in Sambhal

Rediff.com27 Aug 2026

The Uttar Pradesh government has initiated the rehabilitation of 21 families residing within the historic Saundhan Fort in Sambhal. Each family has been allotted a 100-square-meter plot, with special provisions for widows under the Chief Minister's Housing Scheme, as part of efforts to conserve the ASI-protected Mughal-era monument and promote tourism.

Banking services impacted as unions go on nationwide strike to press for 5-day workweek

Banking services impacted as unions go on nationwide strike to press for 5-day workweek

Rediff.com11 Sep 2026

Banking services, particularly at public sector banks across India, were impacted by a nationwide strike called by the United Forum of Bank Unions (UFBU) to demand the immediate implementation of a five-day workweek and resolution of pending wage-related issues.

Delhi CM Orders Transparent Implementation Of Welfare Schemes

Delhi CM Orders Transparent Implementation Of Welfare Schemes

Rediff.com27 May 2026

Delhi Chief Minister Rekha Gupta has instructed officials to ensure the transparent and timely implementation of welfare schemes announced in the budget. She also appealed to the public to take precautions during the ongoing heatwave.

Delhi CM Urges Transparency In Welfare Scheme Rollout

Delhi CM Urges Transparency In Welfare Scheme Rollout

Rediff.com27 May 2026

Delhi Chief Minister Rekha Gupta has directed officials to ensure the transparent and timely implementation of welfare schemes announced in the budget, warning of potential fund reductions for departments failing to utilise allocated budgets effectively.

Active MFs reduce bets to multi-year low

Active MFs reduce bets to multi-year low

Rediff.com31 Aug 2026

HDFC Bank's share in active mutual fund schemes has fallen to multi-year lows, despite overall MF ownership in the bank rising, as the stock faces weak performance, soft margins, and governance concerns.

Suvendu govt prioritises women's empowerment, welfare schemes

Suvendu govt prioritises women's empowerment, welfare schemes

Rediff.com14 May 2026

West Bengal minister Agnimitra Paul announced the BJP government's commitment to women's empowerment and the continuation of welfare schemes. The 'Annapurna Bhandar' scheme will be accessible through an online portal, ensuring ease of application for all women in Bengal. Chief Minister Suvendu Adhikari has directed officials to implement the scheme and free bus travel for women, while also assuring that existing social welfare schemes will continue.

Sitharaman: GST Council to tackle process reforms, digital economy tax complexities

Sitharaman: GST Council to tackle process reforms, digital economy tax complexities

Rediff.com3 days ago

Finance Minister Nirmala Sitharaman announced that the Goods and Services Tax (GST) Council's October 7 meeting will focus on 'GST 2.0' process reforms, including e-invoicing and input tax credit rules, while also addressing complex issues surrounding the taxation of the digital economy and cryptocurrency.

India removes hurdle for rupee export payments, eyes wider international use

India removes hurdle for rupee export payments, eyes wider international use

Rediff.com21 Aug 2026

India has removed a key regulatory hurdle, allowing exporters to receive payments in Indian currency while retaining incentives under the country's foreign trade policy, a move aimed at promoting wider use of the rupee in international trade.

Lost Your Job? Protect Your Finances

Lost Your Job? Protect Your Finances

Rediff.com26 Aug 2026

List all unavoidable expenses such as rent, groceries, transportation, education and medical bills.

HDFC Bank: 'When You Have Cracks In 3 Places At Once...'

HDFC Bank: 'When You Have Cracks In 3 Places At Once...'

Rediff.com7 Sep 2026

'The sales pressure on the ground, a board and CEO not fully aligned, and a senior team that isn't pulling together -- that's when these things surface.'

Haryana CM Releases 2,115 Crore For Welfare Schemes

Haryana CM Releases 2,115 Crore For Welfare Schemes

Rediff.com8 May 2026

Haryana Chief Minister Nayab Singh Saini released over 2,115 crore directly into the bank accounts of beneficiaries under various welfare schemes, benefiting over 58 lakh eligible individuals.

US launches major probe into H-1B visa fraud, names Indian IT firm

US launches major probe into H-1B visa fraud, names Indian IT firm

Rediff.com9 Jul 2026

The US Department of Labour's Office of the Inspector General has initiated an investigation into alleged fraud in H-1B and PERM work visa programmes. Indian IT firm Cognizant is among the companies under scrutiny for widespread schemes involving fraudulent applications, exploitation of foreign workers, and undercutting American labour. The probe aims to dismantle networks exploiting the guest worker visa system.

US Moves to Regulate Crypto. What Will India Do?

US Moves to Regulate Crypto. What Will India Do?

Rediff.com19 Aug 2026

The US push for clearer crypto rules is putting pressure on India to fill its own regulatory gap for virtual digital assets.

Rebel TMC MPs meet Bengal CM over mosque loudspeakers, SIR

Rebel TMC MPs meet Bengal CM over mosque loudspeakers, SIR

Rediff.com8 Aug 2026

Two NCPI MPs from Murshidabad, West Bengal, met with Chief Minister Suvendu Adhikari to express concerns over the removal of mosque loudspeakers, alleging police overreach and targeting of Muslims. They also sought his intervention to expedite hearings for approximately 27 lakh people excluded from electoral rolls, highlighting difficulties faced by genuine voters due to delays in tribunal decisions.

Finfluencer Advice: What Investors Must Know

Finfluencer Advice: What Investors Must Know

Rediff.com13 Aug 2026

Verify a content creator's Sebi registration, qualifications and certifications before acting on their advice.

Delhi Police Bust Fake Stock Investment Scheme, Two Arrested

Delhi Police Bust Fake Stock Investment Scheme, Two Arrested

Rediff.com9 Apr 2026

Delhi Police have arrested two individuals for allegedly defrauding a man of Rs 7 lakh through a fake stock investment scheme operated via a social media app. The accused lured victims with promises of high returns before siphoning off the funds.

India's FCNR (B) Inflows Fall Short of Expectations, Rupee Weakens

India's FCNR (B) Inflows Fall Short of Expectations, Rupee Weakens

Rediff.com17 Jul 2026

Inflows into foreign currency non-resident (bank), or FCNR (B), deposits have significantly underperformed market expectations, leading to a more than 1 per cent depreciation of the rupee against the dollar this week. Analysts point to fading RBI support measures, tepid interest due to rising global bond yields, and narrowing interest rate spreads compared to 2013 as key challenges.

Maruti Launches RD-Backed Car Loan

Maruti Launches RD-Backed Car Loan

Rediff.com6 Jun 2026

The scheme, called 'Suhana Safar', targeted customers who aspire to own a car but were hesitant because of concerns around arranging the down payment or managing future EMI obligations.

Doctor, Home Guards, Lawyer Among 19 Arrested in Bilaspur Snakebite Compensation Scam

Doctor, Home Guards, Lawyer Among 19 Arrested in Bilaspur Snakebite Compensation Scam

Rediff.com21 Jul 2026

Nineteen individuals, including a doctor, two home guards, and a lawyer, have been arrested in Chhattisgarh's Bilaspur district for allegedly orchestrating a scam that involved forging post-mortem reports to fraudulently claim Rs 64 lakh in snakebite compensation.

Ten Indian Nationals Face Charges in US Visa Fraud Scheme

Ten Indian Nationals Face Charges in US Visa Fraud Scheme

Rediff.com10 Apr 2026

Ten Indian nationals living illegally in the US have been indicted for conspiring to stage armed robberies at convenience stores to fraudulently obtain visas.

How China, US Crack Down on Paper Leaks

How China, US Crack Down on Paper Leaks

Rediff.com30 Jul 2026

Beyond imprisonment, candidates caught cheating face cancellation of examination scores, blacklisting under China's social credit system and multi-year bans from appearing in state examinations.

Ranbir Kapoor's Complex Daddy Issues On Screen

Ranbir Kapoor's Complex Daddy Issues On Screen

Rediff.com10 Aug 2026

Ranbir Kapoor's filmography frequently explores complex father-son relationships, from rebellious youth seeking approval to sons grappling with loss and dysfunctional dynamics, culminating in his latest role as an exiled prince honouring his father's promise in Ramayana.

Why Modi Praised Nanded's Pethkars On Mann Ki Baat

Why Modi Praised Nanded's Pethkars On Mann Ki Baat

Rediff.com30 Jun 2026

'We ourselves hadn't heard it initially. Many people called us. The entire village was overjoyed.'

20 TMC rebels accepted into NCPI, to work with NDA under Modi

20 TMC rebels accepted into NCPI, to work with NDA under Modi

Rediff.com16 Jun 2026

Rebel Trinamool Congress MP Kakoli Ghosh Dastidar announced that 20 dissident Lok Sabha members from TMC have merged with the Nationalist Citizens Party of India (NCPI) and pledged support to the NDA under Prime Minister Narendra Modi. The group expects its numbers to increase to 22 and clarified they have no connection with rebel TMC MLAs in West Bengal. Dastidar also highlighted the alleged non-implementation of central schemes in West Bengal by the previous TMC government.

Why Cashless Claims Get Denied

Why Cashless Claims Get Denied

Rediff.com15 Jul 2026

If reimbursement becomes unavoidable, submit a complete file at the earliest.

How A Labourer Facilitated A Rs 5 Lakh Online Investment Fraud

How A Labourer Facilitated A Rs 5 Lakh Online Investment Fraud

Rediff.com14 Jun 2026

A 52-year-old labourer, Santosh Kumar Gupta, has been arrested in New Delhi for allegedly facilitating an online investment fraud by lending his bank account to route Rs 5 lakh of defrauded money. He is suspected of acting as an India-based facilitator for an international cyber fraud network.

Trio Nabbed for Routing 1.5 Crore in Cyber Fraud Scheme

Trio Nabbed for Routing 1.5 Crore in Cyber Fraud Scheme

Rediff.com14 Apr 2026

Delhi Police have arrested three men for allegedly operating a mule account syndicate that routed over 1.5 crore of cyber fraud proceeds through layered transactions.

ICICI Bank plans $500 million dollar bond issue, first in a decade

ICICI Bank plans $500 million dollar bond issue, first in a decade

Rediff.com4 Jul 2026

ICICI Bank, India's second-largest private-sector lender, is set to raise approximately $500 million through an overseas dollar bond issuance, marking its first such move in nearly a decade. This fundraising effort will utilise the Reserve Bank of India's (RBI) concessional swap window, a facility designed to reduce hedging costs for foreign currency borrowings.

Delhi to scrap B&B policy after deadly hotel fire

Delhi to scrap B&B policy after deadly hotel fire

Rediff.com3 Jun 2026

The announcement comes after a massive fire ripped through the Flourish Stay B&B on Wednesday morning, leaving 21 people dead, including 11 foreign nationals, and several injured.

Gang that 'lured and sold' girls in Rajasthan for marriage busted with help of 150 CCTVs

Gang that 'lured and sold' girls in Rajasthan for marriage busted with help of 150 CCTVs

Rediff.com5 Jun 2026

Lucknow Police have dismantled an inter-state gang involved in luring minor girls under false pretences and 'selling' them for marriage in Rajasthan, leading to three arrests and the recovery of two victims.

Government okays Rs 10,000 cr jet fuel fund for airlines

Government okays Rs 10,000 cr jet fuel fund for airlines

Rediff.com4 Jun 2026

The support will be provided to oil-marketing companies (OMCs) in the form of interest-free advances through the ministry of petroleum and natural gas. The OMCs, in turn, will use the fund to provide ATF price stabilisation support to Indian carriers operating domestic and international flights.

Lucknow fire: Lapses by officials being probed

Lucknow fire: Lapses by officials being probed

Rediff.com24 Jun 2026

The Lucknow Development Authority has served a notice to the owner of the Aliganj building where a recent fire claimed 15 lives, citing alleged building bylaw violations and unauthorised commercial use. The LDA is also investigating its own officials for previously withdrawing a demolition order against the same property in 2016, while police have arrested four individuals in connection with the tragedy.

Navi Mumbai E-Service Operator Booked For Alleged Loan Fraud

Navi Mumbai E-Service Operator Booked For Alleged Loan Fraud

Rediff.com27 Apr 2026

An e-service centre operator in Navi Mumbai is accused of defrauding multiple individuals of over Rs 20 lakh by promising business loans under the 'Stand-Up India' scheme and then disappearing after collecting processing fees.

Bengal Government To Pursue CBI Investigation Into GTA Teacher Recruitment Scam

Bengal Government To Pursue CBI Investigation Into GTA Teacher Recruitment Scam

Rediff.com29 May 2026

West Bengal Chief Minister Suvendu Adhikari announced the state government will move the Supreme Court to vacate the stay on a CBI probe into the alleged Gorkhaland Territorial Administration teacher recruitment scam. The decision follows complaints of corruption and illegal teacher recruitment within the GTA.

Central forces to stay for 60 more days in Bengal even if BJP wins: Shah

Central forces to stay for 60 more days in Bengal even if BJP wins: Shah

Rediff.com27 Apr 2026

Union Home Minister Amit Shah has announced that central forces will remain deployed in West Bengal for at least seven more days after the assembly elections, assuring voters of security during and after the polls.

Property Ownership Hinges On Funding

Property Ownership Hinges On Funding

Rediff.com16 Jun 2026

Taxability in property transactions depends on the actual source of funds and beneficial ownership, not on whose name appears in the purchase agreement.

NDA ally SBSP seeks 32 seats in UP polls; BJP says....

NDA ally SBSP seeks 32 seats in UP polls; BJP says....

Rediff.com14 Jun 2026

The Suheldev Bharatiya Samaj Party, a constituent of the Bhaatiya Janata Party-led National Democratic Alliance, has staked claim to 32 seats for the 2027 Uttar Pradesh Assembly elections, with the aim to wrest the Samajwadi Party's stronghold of Azamgarh.