News for 'State for Finance'

CPI(M) Alleges Sabotage In Sabarimala Gold Case Over Lawyer Appointment

CPI(M) Alleges Sabotage In Sabarimala Gold Case Over Lawyer Appointment

Rediff.com12 Jun 2026

The Congress-led UDF government's decision to appoint a defence lawyer for the accused in the Sabarimala gold loss case as a Devaswom advocate has drawn strong criticism from the opposition CPI(M), which alleges the move is an attempt to sabotage the ongoing probe and protect political figures.

Experts Call For National Policy To Boost Assistive Technology Market

Experts Call For National Policy To Boost Assistive Technology Market

Rediff.com24 Jun 2026

Experts highlight India's significant market potential for assistive technologies, estimated at Rs 75,000-95,000 crore by 2030. They advocate for a National Assistive Technology Policy to address current gaps in access and service delivery, fostering inclusion, independence, and economic participation for persons with disabilities and the elderly.

Sensex, Nifty Rise on IT Surge, Softer US Jobs Data

Sensex, Nifty Rise on IT Surge, Softer US Jobs Data

Rediff.com3 Jul 2026

Indian benchmark equity indices, Sensex and Nifty, extended their winning streak for a third consecutive day, driven by a rally in IT stocks and global cues suggesting a more accommodative monetary policy after softer-than-expected US jobs data.

Sensex Jumps 790 Points as Crude Oil Prices Soften, Banks and IT Lead Rally

Sensex Jumps 790 Points as Crude Oil Prices Soften, Banks and IT Lead Rally

Rediff.com24 Jun 2026

Indian benchmark equity indices, Sensex and Nifty, rebounded nearly 1 per cent, with the Sensex jumping 790.54 points to 76,991.22, driven by softening crude oil prices and strong buying in banking, financial, and IT shares.

Inter-state Arms Dealers Arrested for Supplying Weapons to Terror Associate

Inter-state Arms Dealers Arrested for Supplying Weapons to Terror Associate

Rediff.com10 Apr 2026

Police in Udham Singh Nagar have arrested two inter-state arms dealers accused of supplying weapons to a terror associate linked to Al Badr. The investigation revealed suspicious financial transactions and a wider network of illegal arms smuggling.

Stock markets today: Sensex, Nifty rally as crude oil prices decline, IT stocks gain

Stock markets today: Sensex, Nifty rally as crude oil prices decline, IT stocks gain

Rediff.com2 Jul 2026

Indian benchmark indices Sensex and Nifty rallied in early trade, driven by a significant decline in crude oil prices and positive developments on the geopolitical front, alongside strong performance in blue-chip IT stocks. Track Sensex, Nifty on July 2, 2026

The H-1 B Visa and the Fading American Dream

The H-1 B Visa and the Fading American Dream

Rediff.com8 Jul 2026

The H-1B visa once symbolised the American Dream for Indians, but today's students are increasingly asking whether they need America at all. In 1995, the question was: How do I get to America? In 2026, it may be: Do I need to?

Rupee Exchange Rate Is Not Just A Number

Rupee Exchange Rate Is Not Just A Number

Rediff.com6 Jul 2026

If we really want to curb the further depreciation of the rupee and make the rupee appreciate, we want to come out of the mindset that the exchange rate is merely a number, bring policy corrections to help reduce the outflow of foreign exchange by imposing suitable tariffs to discourage imports and bring self reliance, discipline FPIs, and correcting rules governing royalty outflows, suggests Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.

Satluj Writer: 'If A Region Has A Violent History, Will We Bury That?'

Satluj Writer: 'If A Region Has A Violent History, Will We Bury That?'

Rediff.com8 Jul 2026

'...Or will we take a positive approach and learn from those mistakes so that it is not repeated in future?'

Anil Ambani Aide In CBI Custody Over Rs 9,280 Crore Fraud

Anil Ambani Aide In CBI Custody Over Rs 9,280 Crore Fraud

Rediff.com10 Jun 2026

Amitabh Jhunjhunwala, former Managing Director of the Anil Dhirubhai Ambani Group, has been remanded in CBI custody in an alleged bank fraud case involving Reliance Commercial Finance Limited (RCFL) worth Rs 9,280 crore. The CBI alleges misappropriation of loan funds and violations of RBI guidelines, while Jhunjhunwala's lawyers claim he is a scapegoat.

Delhi sets countdown for ICE 2W, 3W phaseout

Delhi sets countdown for ICE 2W, 3W phaseout

Rediff.com30 Jun 2026

The Delhi government has approved the Delhi EV Policy 2.0, which will phase out fresh registrations of internal combustion engine (ICE) two-wheelers and three-wheelers over the next two years, starting with a ban on ICE 3Ws and N1 category LCVs from January 1, 2027, and ICE 2Ws from April 1, 2028.

How India's AI Job Market Is Evolving Beyond Experimentation

How India's AI Job Market Is Evolving Beyond Experimentation

Rediff.com17 Jun 2026

A new report reveals a significant shift in India's AI hiring landscape, moving from experimental roles to those focused on deployment, integration, and scaling of AI solutions. Employers, including GCCs, IT services, and enterprises, are increasingly seeking professionals who can implement AI across core business operations, leading to a demand for core AI roles that currently outstrips the available supply.

UP govt forms SIT to probe Ram Temple donation controversy

UP govt forms SIT to probe Ram Temple donation controversy

Rediff.com13 Jun 2026

The Uttar Pradesh government has formed a three-member Special Investigation Team (SIT) to probe allegations of financial mismanagement and missing donations related to the Shri Ram Janmabhoomi Teerth Kshetra Trust in Ayodhya. The move follows a request from the Trust itself, amidst escalating political demands for transparency from various parties including the Samajwadi Party and Congress.

'Heavens are not going to fall': SC refuses urgent hearing in Ram temple donation case

'Heavens are not going to fall': SC refuses urgent hearing in Ram temple donation case

Rediff.com29 Jun 2026

The Supreme Court has declined an urgent hearing on a plea demanding a fair and time-bound investigation into alleged embezzlement of donations at the revered Ram temple in Ayodhya, deferring the matter until after the summer break.

Why Young Couples Don't Want Kids

Why Young Couples Don't Want Kids

Rediff.com30 Jun 2026

More Indians are consciously choosing to remain child-free. From personal freedom and finances to climate anxiety and mental wellbeing, young couples and singles tell us why parenthood isn't part of their life plan.

'Economy May Take 2 To 3 Months To Return To Normal'

'Economy May Take 2 To 3 Months To Return To Normal'

Rediff.com8 Jul 2026

'The real shock is going to be from a deficient monsoon.'

Ram Temple Trust declines financial disclosure amid SIT probe

Ram Temple Trust declines financial disclosure amid SIT probe

Rediff.com25 Jun 2026

The Ram Janmabhoomi Teerth Kshetra Trust secretary, Champat Rai, has declined to provide financial details, including income, expenditure, and donations, citing an ongoing Special Investigation Team (SIT) probe. This decision follows a complaint to the Prime Minister's Office by BJP leader Rajneesh Singh, seeking transparency on the utilisation of funds for the Ram temple project.

'Imperative' for India and China to...: Chinese FM in Delhi

'Imperative' for India and China to...: Chinese FM in Delhi

Rediff.com23 Jun 2026

Chinese Foreign Minister Wang Yi met with National Security Advisor Ajit Doval in New Delhi, stressing the importance of respecting each other's "core interests" and implementing leaders' consensus for stable bilateral relations. Wang highlighted that India and China should view each other as partners, not rivals, and properly handle sensitive issues like the border dispute to foster cooperation and accelerate the modernisation of the Global South.

NBFC access to term money market may lift volumes by 40-60%

NBFC access to term money market may lift volumes by 40-60%

Rediff.com2 Jul 2026

The Reserve Bank of India's proposal to allow non-banking financial companies (NBFCs) access to the term money market is projected to significantly increase market volumes by 40-60 per cent in the first year, potentially doubling turnover within two to three years, according to treasury executives.

Wipro Boosts Enterprise AI With New Applied AI Centre

Wipro Boosts Enterprise AI With New Applied AI Centre

Rediff.com16 Jun 2026

IT services giant Wipro has launched an Applied AI Centre of Excellence (CoE) in Bengaluru, focusing on Anthropic's Claude models. This initiative aims to accelerate enterprise AI adoption, train 10,000 experts, and integrate AI into core business workflows and Wipro's internal operations.

ACB Nabs Faridabad Head Constable In Bribery Case

ACB Nabs Faridabad Head Constable In Bribery Case

Rediff.com6 Jun 2026

A head constable in Faridabad was arrested by the Anti-Corruption Bureau for allegedly accepting a bribe of Rs 2,500 to return a man's financed bike. The complainant, Somdutt, approached the ACB after repeated demands for money from the officer.

Satheesan, Suvendu, Vijay Will Struggle To Fund Poll Promises

Satheesan, Suvendu, Vijay Will Struggle To Fund Poll Promises

Rediff.com23 May 2026

Kerala, Tamil Nadu and West Bengal have been fiscally stressed for a considerable period of time, and there are no easy ways to mobilise revenues to meet the cost of the promised freebies, particularly in the prevailing difficult economic scenario, points out M Govinda Rao.

FIR In Ram Temple Donation Embezzlement

FIR In Ram Temple Donation Embezzlement

Rediff.com26 Jun 2026

Most of those named were involved with the donation-counting process.

India Rejects US 'Overcapacity' Claims in Steel, Textiles, Citing Low Per Capita Consumption

India Rejects US 'Overcapacity' Claims in Steel, Textiles, Citing Low Per Capita Consumption

Rediff.com11 Jun 2026

India has strongly refuted claims by the United States Trade Representative (USTR) regarding excess capacity in its steel and textile sectors, arguing that the nation's significantly low per capita consumption of these products contradicts such assertions, according to Amitabh Kumar, Additional Secretary in the Ministry of Commerce.

TN CM Vijay carries forward DMK govt-initiated Rs 38,000-crore Hyundai project

TN CM Vijay carries forward DMK govt-initiated Rs 38,000-crore Hyundai project

Rediff.com19 Jun 2026

Tamil Nadu's new government, led by C Joseph Vijay, is committed to advancing the ~38,000 crore shipbuilding project with HD Hyundai in Thoothukudi, securing bipartisan support from the Opposition DMK, despite initial industry concerns about policy continuity after the change in leadership.

Fresh blow to Mamata: TMC's Rs 675-cr war chest becomes new battleground

Fresh blow to Mamata: TMC's Rs 675-cr war chest becomes new battleground

Rediff.com18 Jun 2026

The internecine war within the Trinamool Congress took a new turn on Thursday with "party treasurer" Aroop Biswas writing to a bank seeking restrictions on the operation of the party's accounts, citing uncertainty over its legitimate leadership amid rebellions by MLAs and MPs.

Bengal's mid-day meal shift sparks fresh egg vs veg debate

Bengal's mid-day meal shift sparks fresh egg vs veg debate

Rediff.com26 Jun 2026

The move has sparked a political row, with the opposition accusing the BJP of promoting a vegetarian agenda.

CBI Uncovers Rs 661 Crore Government Funds Siphoning Scam

CBI Uncovers Rs 661 Crore Government Funds Siphoning Scam

Rediff.com7 Jun 2026

The CBI has conducted searches across Chandigarh, Panchkula, and Delhi-NCR in connection with an alleged Rs 661 crore fraud involving the siphoning of government funds from Haryana government departments and the Chandigarh administration. The probe targets public servants, bank officials, and a private consultancy, with a chargesheet already filed against some accused.

Crude falls back to Feb levels: What is stopping a fuel price cut?

Crude falls back to Feb levels: What is stopping a fuel price cut?

Rediff.com25 Jun 2026

Global oil prices fell on Thursday to their lowest levels since before the outbreak of the Iran conflict, offering a significant economic tailwind for India, the world's third-largest crude importer, by easing inflation risks, reducing the import bill and improving the government's fiscal position.

Tender Scam Blows Lid Off Bihar Corruption

Tender Scam Blows Lid Off Bihar Corruption

Rediff.com19 Jun 2026

'As the Bihar government's focus is on development and infrastructure projects worth thousands of crores, Rishu Sinha created a network to pay a decent commission to government officials for securing tenders.'

Xi Watching? Modi-Takaichi to Hold Talks In Assam

Xi Watching? Modi-Takaichi to Hold Talks In Assam

Rediff.com19 Jun 2026

The Japanese PM's visit to Assam comes amid festering uneasiness in Tokyo about Beijing's assertiveness in the Indo-Pacific region.

India initiates anti-dumping investigations against three Chinese products

India initiates anti-dumping investigations against three Chinese products

Rediff.com25 Jun 2026

India has launched anti-dumping investigations into imports of thermal paper, Biaxially Oriented Polyamide (BOPA) Film, and certain antioxidants from China, following complaints from domestic manufacturers alleging material injury due to cheap imports.

SC to hear plea on Ram Temple Trust fund embezzlement

SC to hear plea on Ram Temple Trust fund embezzlement

Rediff.com25 Jun 2026

The Supreme Court has scheduled a hearing for June 29 on a public interest litigation (PIL) seeking the registration of an FIR and a time-bound probe into the alleged embezzlement of donations received by the Shri Ram Janmbhoomi Teerth Kshetra Trust in Ayodhya.

Air India May Restore Flight Cuts

Air India May Restore Flight Cuts

Rediff.com27 Jun 2026

'We may be able to wind back some of the schedule reductions we'd taken in recent months.'

SBI Chief Setty backs RBI rate pause, urges focus on India's long-term growth story

SBI Chief Setty backs RBI rate pause, urges focus on India's long-term growth story

Rediff.com4 Jun 2026

State Bank of India Chairman C S Setty has expressed support for a 'pause' in policy rates by the Reserve Bank of India's monetary policy committee, believing it will help stabilise conditions and support economic growth. He also urged investors to look beyond short-term equity market movements and focus on India's structural transformation, driven by reforms and digital infrastructure.

Is Modi Planning To Shuffle Ministers?

Is Modi Planning To Shuffle Ministers?

Rediff.com16 Jun 2026

Recent BJP organisational moves and Rajya Sabha nominations have sparked speculation that Prime Minister Narendra Modi may soon undertake a ministerial reshuffle.

Delhi Hotel Fire: Key Accused Jay Mishra Surrenders

Delhi Hotel Fire: Key Accused Jay Mishra Surrenders

Rediff.com8 Jun 2026

Jay Mishra, a key accused and associate of the hotel owner in the south Delhi hotel fire that killed 22 people, has surrendered to a court and been remanded to police custody. Mishra is believed to have played a crucial role in the hotel's operations, and his arrest is a significant development in the ongoing investigation into the tragic blaze.

Parliamentary panel flags recurring exam irregularities, seeks reforms

Parliamentary panel flags recurring exam irregularities, seeks reforms

Rediff.com16 Jun 2026

A parliamentary committee has voiced concerns over ongoing examination irregularities despite government measures, recommending the Ministry of Education publish a time-bound roadmap for reforms. The panel also urged a nationwide blacklist of firms involved in exam processes and suggested utilising the National Testing Agency's financial surplus to enhance its capabilities.

SIT questions Ram temple trust officials over donation theft allegations

SIT questions Ram temple trust officials over donation theft allegations

Rediff.com17 Jun 2026

A Special Investigation Team (SIT) formed by the Uttar Pradesh government has questioned Shri Ram Janmabhoomi Teerth Kshetra Trust general secretary Champat Rai and administrator Gopal Rao regarding allegations of donation money theft and financial mismanagement at the Ram temple in Ayodhya.

Assam not to issue Aadhaar cards to adults anymore

Assam not to issue Aadhaar cards to adults anymore

Rediff.com13 Jun 2026

The Assam cabinet has decided to restrict the issuance of Aadhaar cards to individuals over 18 years of age, a move aimed at preventing illegal immigrants from acquiring the document. Chief Minister Himanta Biswa Sarma stated that exceptions would require district commissioner proposals and state government approval, with a complete ban for all communities over 18 set for April 1, 2027.