News for 'State for Finance'

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.

Akasa Air targets IPO in 2-4 years, maintains 30-40% growth despite challenges

Akasa Air targets IPO in 2-4 years, maintains 30-40% growth despite challenges

Rediff.com24 Jun 2026

Akasa Air, despite facing headwinds from the West Asia conflict and rising aviation turbine fuel prices, expects to maintain a 30-40 per cent growth trajectory over the next five years and aims for an initial public offering (IPO) within two to four years, according to CFO Ankur Goel.

UK intercepts Russian shadow fleet tanker in English Channel

UK intercepts Russian shadow fleet tanker in English Channel

Rediff.com14 Jun 2026

British armed forces, including Royal Marine Commandos, intercepted the Russian shadow fleet oil tanker SMYRTOS in the English Channel, marking the UK's first such operation. The action aims to disrupt Russia's funding for its war in Ukraine, with the UK government highlighting the shadow fleet's role in sustaining Moscow's military efforts.

Why Smallcaps Are Winning The Market Battle

Why Smallcaps Are Winning The Market Battle

Rediff.com26 Jun 2026

The remarkable rise of smallcaps reflects the emergence of a broad set of specialised businesses operating in industries where the sectoral tailwinds remain considerably stronger than macroeconomic headwinds, points out Debashis Basu.

'US Thought They Could Pressurise India'

'US Thought They Could Pressurise India'

Rediff.com29 Jun 2026

'They talked bad about our leaders. They said India was a dead economy. They were not sensitive to the Indian psyche.'

Delhi Government Orders Audit Of Key Industrial Zones

Delhi Government Orders Audit Of Key Industrial Zones

Rediff.com8 Jun 2026

The Delhi government has announced a comprehensive audit of the Narela and Bawana industrial areas, covering the period from 2011-12 to 2025-26. The audit, initiated by the DSIIDC, aims to identify financial irregularities, fund diversions, and their financial impact within these public-private partnership projects.

Vijay Must Demonstrate His Government Doesn't Engage In Theft

Vijay Must Demonstrate His Government Doesn't Engage In Theft

Rediff.com27 May 2026

If TVK MLAs and ministers are perceived as clean, or demonstrably cleaner than their predecessors, the credibility dividend will be enormous. The voter will feel rewarded, points out Ramesh Menon.

Ram Temple funds row: SP seeks removal of trust members, probe by SC judges

Ram Temple funds row: SP seeks removal of trust members, probe by SC judges

Rediff.com14 Jun 2026

The Uttar Pradesh government has formed a Special Investigation Team (SIT) to probe alleged irregularities in the Ram temple donation funds, a move welcomed by the Ram Mandir Construction Committee chairperson. The trust itself requested the inquiry to counter misinformation, while an opposition MP demanded a Supreme Court judge-led investigation.

What's Vijay Doing In New Delhi?

What's Vijay Doing In New Delhi?

Rediff.com28 May 2026

During the meeting with Prime Minister Narendra Modi, Vijay raised concerns, including rendering Tamil Thai Vazhthu at the beginning of government events, opposition to Karnataka's proposed Mekedatu dam project, the release of Tamil Nadu fishermen detained by Sri Lanka, and the establishment of a key defence research facility in the state.

Postal Worker Faces Charges Over Suspicious Transactions

Postal Worker Faces Charges Over Suspicious Transactions

Rediff.com24 May 2026

Police in Sambhal, Uttar Pradesh, have registered a case against a postal assistant after suspicious transactions worth approximately Rs 4.5 crore were allegedly detected in his bank accounts.

TVK allocates lone Rajya Sabha seat to Cong

TVK allocates lone Rajya Sabha seat to Cong

Rediff.com3 Jun 2026

The TVK's decision to offer the lone Rajya Sabha seat to the Congress came against the backdrop of key meetings between national party leaders, including former union finance minister P Chidambaram and Congress Tamil Nadu in-charge Girish Chodankar at the Secretariat.

Punjab Police Nabs Shopkeeper Murder Accused In J&K

Punjab Police Nabs Shopkeeper Murder Accused In J&K

Rediff.com7 Jun 2026

Punjab Police, in a joint operation with Jammu and Kashmir Police, have arrested two shooters allegedly involved in the murder of a Ferozepur shopkeeper. The accused, identified as Vishnu Kumar and Rahul Mahawar, were apprehended in J&K following an extensive investigation and an operation named 'Hill Trap'. Police also recovered a pistol and are now probing the larger conspiracy behind the killing.

GST 2.0 guidelines fail to resolve refund delays for large taxpayers

GST 2.0 guidelines fail to resolve refund delays for large taxpayers

Rediff.com3 Jun 2026

Despite the Centre's GST 2.0 guidelines aiming to facilitate provisional refunds within seven days for low-risk cases, many large taxpayers are still encountering significant delays in obtaining Goods and Services Tax (GST) refunds under the inverted duty structure (IDS), with experts citing inconsistent state-level scrutiny and subjective interpretations.

CBI Uncovers Rs 657 Crore Fraud In Haryana And Chandigarh Government Funds

CBI Uncovers Rs 657 Crore Fraud In Haryana And Chandigarh Government Funds

Rediff.com12 Jun 2026

The CBI has filed two chargesheets in connection with the siphoning of Rs 657 crore from Haryana government and Chandigarh Smart City Limited funds held at IDFC First Bank. The fraud involved fictitious transactions, shell entities, and alleged gold purchases and real estate investments, with IDFC First Bank having already reimbursed the Haryana government.

Former RCom MD Amitabh Jhunjhunwala In Judicial Custody

Former RCom MD Amitabh Jhunjhunwala In Judicial Custody

Rediff.com5 Jun 2026

Amitabh Jhunjhunwala, former group managing director of Anil Ambani-led Reliance Communications, has been remanded in 14-day judicial custody in an alleged bank loan fraud case. The CBI alleges misutilisation of loan funds, causing significant losses to a consortium of banks led by SBI.

Shiv Sena at 60: Uddhav group fights for existence, Shinde's for relevance

Shiv Sena at 60: Uddhav group fights for existence, Shinde's for relevance

Rediff.com19 Jun 2026

As the Shiv Sena marks 60 years, political experts highlight the Uddhav Thackeray-led faction's existential crisis and the Eknath Shinde-led group's struggle for relevance in the face of a dominant BJP, a significant shift from the party's historical 'elder brother' status in Maharashtra.

AI Learning Breaks Engineering Barriers

AI Learning Breaks Engineering Barriers

Rediff.com19 Jun 2026

AI is no longer a tool only for software engineers and technology teams.

India And Nepal Launch UPI-NPI Linkage For Seamless Cross-Border Payments

India And Nepal Launch UPI-NPI Linkage For Seamless Cross-Border Payments

Rediff.com11 Jun 2026

India and Nepal have launched a peer-to-peer (P2P) cross-border remittance mechanism, linking India's UPI with Nepal's NPI. This system allows real-time money transfers via mobile banking, enhancing convenience for travellers and businesses, fostering financial inclusion, and strengthening economic ties between the two nations.

West Asia Crisis Impact: FM Warns of Higher Fuel Costs, Economic Challenges

West Asia Crisis Impact: FM Warns of Higher Fuel Costs, Economic Challenges

Rediff.com25 May 2026

Union Finance Minister Nirmala Sitharaman has warned that the ongoing West Asia crisis is not merely a geopolitical issue but will directly lead to higher fuel costs for common people and businesses, impacting shipping, input availability, and export orders.

US Tightens Sanctions On Iran's 'Shadow Oil Economy'

US Tightens Sanctions On Iran's 'Shadow Oil Economy'

Rediff.com29 May 2026

The United States has announced new sanctions targeting Iran's 'shadow oil economy,' accusing Tehran of using illicit oil revenues to fund the Islamic Revolutionary Guard Corps (IRGC) and its regional activities.

India abstains from vote On UN climate change resolution: Here's why

India abstains from vote On UN climate change resolution: Here's why

Rediff.com21 May 2026

India abstained from voting on a UN General Assembly resolution concerning climate change obligations, citing concerns that it undermines the United Nations Framework Convention on Climate Change (UNFCCC). India believes climate obligations should be negotiated through the UN climate framework, emphasising differentiated responsibilities.

Sitharaman: Focus on Fuel, Fertiliser, Forex Amid West Asia Crisis

Sitharaman: Focus on Fuel, Fertiliser, Forex Amid West Asia Crisis

Rediff.com25 May 2026

Union Finance Minister Nirmala Sitharaman has urged an increased focus on '3Fs'-fuel, fertiliser, and forex-to maintain India's economic resilience amidst the West Asia crisis, while also criticising those who spread pessimism.

Nashik Woman Kills Lover With Relative's Help

Nashik Woman Kills Lover With Relative's Help

Rediff.com27 May 2026

A 32-year-old married woman allegedly killed her 26-year-old lover in Nashik with the help of her relative following a financial dispute, police said.

Why Rupee's Pain Is Self-Inflicted

Why Rupee's Pain Is Self-Inflicted

Rediff.com9 Jun 2026

Why would a country that requires close to $90 billion in net foreign capital annually to create jobs, build productive capacity, and sustain rapid growth permit $30 billion of capital to flow abroad, thereby contributing to pressure on the rupee? asks Debashis Basu.

LDF govt left Rs 5 lakh cr liabilities, says Kerala CM on tabling white paper

LDF govt left Rs 5 lakh cr liabilities, says Kerala CM on tabling white paper

Rediff.com4 Jun 2026

Kerala Chief Minister V D Satheesan on Thursday hit out at the previous Left Democratic Front government, claiming that it had left behind huge liabilities, including Kerala Infrastructure Investment Fund Board borrowings, amounting to Rs 5.07 lakh crore.

What Modi Govt Plans To Do About Illegal Immigration

What Modi Govt Plans To Do About Illegal Immigration

Rediff.com9 Jun 2026

The NDA government has gradually nuanced its position on the issue of demographic challenge.

Maha govt buys Mumbai's iconic Air India building for Rs 1,601cr

Maha govt buys Mumbai's iconic Air India building for Rs 1,601cr

Rediff.com3 Jun 2026

The Maharashtra government has formally acquired the iconic Air India building in south Mumbai for Rs 1,601 crore, completing the transfer of agreements from Air India Assets Holding Company to the state Public Works Department.

Rs 800 Crore Chitfund Scam: Masterminds Arrested In Mumbai

Rs 800 Crore Chitfund Scam: Masterminds Arrested In Mumbai

Rediff.com2 Jun 2026

The CBI has arrested two alleged masterminds from Mumbai in connection with the Rs 800 crore LUCC chitfund scam in Uttarakhand, where over one lakh investors were reportedly defrauded.

Indian-origin couple, ailing son fall to death in London

Indian-origin couple, ailing son fall to death in London

Rediff.com9 Jun 2026

An Indian-origin couple and their 9-year-old terminally ill son died after falling from their 36th-floor apartment in London in a suspected murder-suicide. Police believe the son's severe illness contributed to the tragic decision.

Want OpenAI Shares? Read This First

Want OpenAI Shares? Read This First

Rediff.com17 Jun 2026

Investors should do thorough due diligence when selecting a platform.

Focus on your studies: Pradhan to NEET aspirants amid row

Focus on your studies: Pradhan to NEET aspirants amid row

Rediff.com9 Jun 2026

After reviewing the preparations at the headquarters of the National Testing Agency (NTA), Pradhan said meetings have been held under the Cabinet secretary, and all the states have been asked to cooperate.

Tata Group Expanding In Bengal: Here's What It Means

Tata Group Expanding In Bengal: Here's What It Means

Rediff.com30 May 2026

TMC leader Derek O'Brien highlights the Tata Group's presence and expansion in West Bengal, countering BJP claims about bringing Tata back to the state. Investments and expansions span IT, manufacturing, hospitality, and retail sectors.

Stock Markets Today: Sensex, Nifty Rally on US-Iran Peace Deal

Stock Markets Today: Sensex, Nifty Rally on US-Iran Peace Deal

Rediff.com12 Jun 2026

Indian benchmark indices Sensex and Nifty surged significantly in early trade, tracking a global rally fueled by US President Donald Trump's declaration of an end to the war with Iran and a subsequent drop in crude oil prices.

Bishnoi gang claims firing outside home of Punjabi actor Dosanjh's manager

Bishnoi gang claims firing outside home of Punjabi actor Dosanjh's manager

Rediff.com13 May 2026

Police are investigating claims of a firing incident outside the residence of Diljit Dosanjh's manager in Karnal, allegedly at the behest of gangster Lawrence Bishnoi's aides. The incident has sparked a political row, with AAP accusing BJP of intimidation tactics after Dosanjh declined to join the party.

Sensex, Nifty Rebound as Global Markets Recover, Geopolitical Tensions Ease

Sensex, Nifty Rebound as Global Markets Recover, Geopolitical Tensions Ease

Rediff.com9 Jun 2026

Indian benchmark equity indices Sensex and Nifty closed higher, recovering from previous losses, driven by a global market rebound, a pause in Israel-Iran hostilities, and a rally in bank stocks.

Haryana Revamps Sports Policy For Olympic Glory And Athlete Welfare

Haryana Revamps Sports Policy For Olympic Glory And Athlete Welfare

Rediff.com3 Jun 2026

Haryana is revamping its 2015 Sports Policy to focus on long-term talent development for future Olympians, moving beyond just prize money and jobs. Key initiatives include 'Mission Olympics-2036 Vijayee Bhavah' for young athletes and the 'Khelo Haryana App' for integrated athlete services. The state aims to strengthen athlete welfare, infrastructure, and institutional support.

Half of Indian companies to adopt AI payroll in a year, ADP report finds

Half of Indian companies to adopt AI payroll in a year, ADP report finds

Rediff.com12 Jun 2026

A new report by ADP reveals that one in two Indian companies plan to adopt AI-powered payroll systems within the next 12 months, driven by the need for automation in workforce management, compliance, and compensation decisions. However, firms are increasingly cautious about data protection risks, especially with the implementation of the Digital Personal Data Protection (DPDP) Act, 2023.

Another Arrest Made In Jharkhand Treasury Scam

Another Arrest Made In Jharkhand Treasury Scam

Rediff.com5 May 2026

The Jharkhand Criminal Investigation Department (CID) has arrested another person in connection with the alleged Hazaribag treasury scam, bringing the total number of arrests to six. The investigation, ordered by the Jharkhand government, focuses on the illegal withdrawal of money from the Hazaribagh Treasury. A Special Investigation Team (SIT) has been formed to handle the case.

International Crypto Network With Terror Links Busted In Gujarat

International Crypto Network With Terror Links Busted In Gujarat

Rediff.com19 May 2026

The Gujarat CID Crime has dismantled an international cryptocurrency network worth Rs 226 crore, revealing links to a front organisation of the terror group Hamas. Nine individuals have been arrested in connection with the syndicate, which is implicated in cyber fraud, narcotics, and terror funding.

Rajesh Exports dismisses 'speculative' claims of inflated revenue, LIC share placement

Rajesh Exports dismisses 'speculative' claims of inflated revenue, LIC share placement

Rediff.com5 Jun 2026

Rajesh Exports has vehemently denied allegations of inflated revenues and preferential share placement to LIC, labelling them 'speculative inferences' and affirming its commitment to addressing concerns raised by Sebi.