News for 'State for Finance'

Bihar's Populist Promises Clash With Fragile Economy

Bihar's Populist Promises Clash With Fragile Economy

Rediff.com15 Oct 2025

A string of welfare schemes and promises tests the state's budget, which is already heavily dependent on central support and spends little as capital outlay.

Adani's Kutch Copper inks MoU with Caravel Minerals for Australia project

Adani's Kutch Copper inks MoU with Caravel Minerals for Australia project

Rediff.com7 Nov 2025

Adani Enterprises' subsidiary Kutch Copper (KCL) and Australian Securities Exchange-listed Caravel Minerals on Thursday signed a non-binding memorandum of understanding (MoU) for collaboration on the Caravel Copper Project in Western Australia's Murchison region, for an undisclosed amount, according to a joint statement.

Fraud Bleeds Insurers Of Rs 10,000 Crore A Year

Fraud Bleeds Insurers Of Rs 10,000 Crore A Year

Rediff.com1 Dec 2025

These losses increase insurance premiums for customers and reduce insurer margins on the other.

India to submit updated climate goals in December: Yadav

India to submit updated climate goals in December: Yadav

Rediff.com18 Nov 2025

India will publish its revised Nationally Determined Contribution (NDC) for the 2035 period by December, Environment Minister Bhupender Yadav said on Monday, while urging developed nations to achieve net zero targets ahead of their current timelines.

Dr Reddy's Laboratories loses Rs 2.16 cr in cyber fraud

Dr Reddy's Laboratories loses Rs 2.16 cr in cyber fraud

Rediff.com10 Nov 2025

The Bengaluru police have launched a probe into a cyber fraud case where hackers allegedly infiltrated the official email communication between city-based Group Pharmaceuticals and Dr Reddy's Laboratories, Hyderabad, successfully diverting a payment of Rs 2.16 crore to a fraudulent account.

'Could Ajit Pawar Have Known?'

'Could Ajit Pawar Have Known?'

Rediff.com7 Nov 2025

'Everyone involved in this transaction must be punished and penalised.'

'We Want To Boost Religious Tourism'

'We Want To Boost Religious Tourism'

Rediff.com17 Oct 2025

Rajasthan's finance department has approved about Rs 23 crore for the renovation, beautification and development of religious tourist destinations.

Sensex jumps 319 points on buying in IT stocks

Sensex jumps 319 points on buying in IT stocks

Rediff.com10 Nov 2025

Among the Sensex firms, Infosys, HCL Technologies, Bajaj Finance, Asian Paints, Tata Motors Passenger Vehicles, Tata Consultancy Services, Bharti Airtel, Titan, Bajaj Finserv, Reliance Industries and Larsen & Toubro were the gainers. Trent Ltd, Eternal, Power Grid, UltraTech Cement, Mahindra & Mahindra, Axis Bank, State Bank of India, Adani Ports, Hindustan Unilever and NTPC were the laggards.

'Bihar Doesn't Predict Outcomes In Bengal, UP'

'Bihar Doesn't Predict Outcomes In Bengal, UP'

Rediff.com25 Nov 2025

'The question for the TMC is not whether it can hold its bastions, but whether it can expand effectively into regions where the BJP already possesses a good ecosystem.'

Finance Secretary TK Pandey is new Sebi chairman

Finance Secretary TK Pandey is new Sebi chairman

Rediff.com28 Feb 2025

The Indian government has appointed Finance Secretary Tuhin Kanta Pandey as the new chairman of the Securities and Exchange Board of India (SEBI). Pandey, a 1987-batch IAS officer, will replace Madhabi Puri Buch, whose three-year tenure ends on February 28. Pandey's appointment comes at a time when the markets are experiencing bear pressure due to withdrawals by foreign institutional investors (FIIs). Pandey has extensive experience in the finance ministry, having served as the longest-serving secretary in the Department of Investment and Public Asset Management (DIPAM) and the Department of Public Enterprises (DPE). He also played a key role in the framing of the 2025-26 Budget and the drafting of the new Income Tax Bill. Pandey's appointment is for an initial period of three years.

Top 6 Countries To Study Abroad

Top 6 Countries To Study Abroad

Rediff.com11 Nov 2025

Study abroad experts explain how Canada, Australia, Germany, France and Dubai are redefining global education.

Seniors to Drive 25% of India's Pharma

Seniors to Drive 25% of India's Pharma

Rediff.com21 Nov 2025

'Once the 60-plus population hits 20 to 30 per cent of the country, the demand for elderly-care treatments will surge -- cardiac, metabolic, neurological, and musculoskeletal medicines are going to dominate the market for the next several decades.'

187 bank transfers in 6 months: Woman loses Rs 32cr in digital arrest

187 bank transfers in 6 months: Woman loses Rs 32cr in digital arrest

Rediff.com17 Nov 2025

A 57-year-old woman in Bengaluru was allegedly defrauded of approximately Rs 32 crore in a 'digital arrest' scam. Posing as CBI officers, fraudsters coerced her into sharing financial details and making numerous bank transfers over six months.

'Glad Trump stated facts': Rahul backs 'dead economy' remark on India

'Glad Trump stated facts': Rahul backs 'dead economy' remark on India

Rediff.com31 Jul 2025

The BJP flayed Gandhi for "echoing" Trump's "dead economy" jibe at India, calling it a "shameful" insult to the aspirations, achievements, and well-being of the people of the country.

An OC Is A Must When You Buy A Home

An OC Is A Must When You Buy A Home

Rediff.com4 Nov 2025

For homebuyers, the OC is not just an administrative formality but the very basis of lawful possession. Without it, the property is deemed unauthorised, exposing buyers to risks such as eviction, denial of utilities, or even demolition.

Why Educated Muslim Youth Join Terror Modules

Why Educated Muslim Youth Join Terror Modules

Rediff.com27 Nov 2025

Radical Islamist networks are deliberately targeting Muslim youths embedded within the country's professional and academic ecosystems, leveraging their skills, mobility, and digital reach to quietly strengthen operational capabilities. This trend highlights a dangerous evolution in terror recruitment -- one that exploits ideological faultlines, online echo chambers and transnational radical Islamist influences to attract individuals who outwardly embody India's modern and aspirational narrative, points out Dr Kanchan Lakshman.

'Bihar Supplies Labour To The World...'

'Bihar Supplies Labour To The World...'

Rediff.com12 Nov 2025

'...yet struggles to convert that human capital into domestic productivity.'

Not All Need Subsidies: Finance Secy

Not All Need Subsidies: Finance Secy

Rediff.com31 Mar 2025

'If in our cities, all urban bus transport services are free, then the taxpayers are paying for it, or if electricity were to be made free, that's a huge cost to the rest of the people'

Arunachal Key To India-Japan Strategy Against China

Arunachal Key To India-Japan Strategy Against China

Rediff.com26 Nov 2025

If they act now, they can reshape the strategic map of Asia without firing a shot. If they wait, the next opportunity will come only after a serious Taiwan Strait incident -- by which time the price will be far higher, and the room for boldness far smaller -- the opportunity may well be lost by then. The question is no longer whether this can or should be done, points out Varun Arya.

GST Made Easy From Nov 1

GST Made Easy From Nov 1

Rediff.com25 Oct 2025

Nearly 96 per cent of new applicants will benefit from this simplified approval route.

At G20, Modi bats for open satellite data access

At G20, Modi bats for open satellite data access

Rediff.com23 Nov 2025

Prime Minister Narendra Modi on Saturday proposed a G20 initiative aimed at enhancing clean energy transitions by boosting recycling, easing supply chain pressures and advancing joint research on critical minerals, and suggested forging a partnership to make satellite data more accessible and interoperable.

'Govt And Banks Want Private Investment To Return In Force'

'Govt And Banks Want Private Investment To Return In Force'

Rediff.com3 Nov 2025

'Corporates now have multiple funding sources beyond banks, and many are sitting on large cash reserves.'

Will Xi Jinping's Enemies Stage A Coup?

Will Xi Jinping's Enemies Stage A Coup?

Rediff.com27 Nov 2025

If Xi Jinping is dethroned in the future, the instrument for that may well be embedded within the PLA, notes former foreign secretary Shyam Saran.

Prashant Kishor's party's breaks silence over Bihar debacle

Prashant Kishor's party's breaks silence over Bihar debacle

Rediff.com15 Nov 2025

Former poll strategist Prashant Kishor's Jan Suraaj expressed disappointment over its poll debacle in the Bihar assembly elections, attributing the NDA's victory to cash transfers to women.

Delhi blast: ED arrests Al Falah chairman in money laundering case

Delhi blast: ED arrests Al Falah chairman in money laundering case

Rediff.com18 Nov 2025

The Enforcement Directorate on Tuesday launched searches against the Al Falah University of Faridabad and its promoters and linked persons as part of its investigation related to the Red Fort area terrorist blast case, sources said.

Making Robots To Help Humanity

Making Robots To Help Humanity

Rediff.com24 Nov 2025

'Our vision is to innovate as many products as we can and solve as many problems as possible.'

India needs world-class banks; in talks with RBI, lenders: Sitharaman

India needs world-class banks; in talks with RBI, lenders: Sitharaman

Rediff.com6 Nov 2025

Finance Minister Nirmala Sitharaman on Thursday said the country needs big and world-class banks, and discussions are on with the Reserve Bank and lenders in this regard.

'2025 could be largest IPO year in Indian history'

'2025 could be largest IPO year in Indian history'

Rediff.com4 Nov 2025

Indian capital markets are witnessing a boom in IPO activity in 2025, with the current calendar year being expected to be the largest IPO year in India's history, according to India heads of foreign banks on Wednesday.

'Why Would A Doctor Become A Suicide Bomber?'

'Why Would A Doctor Become A Suicide Bomber?'

Rediff.com21 Nov 2025

'Why would a highly qualified doctor with a promising future choose to wage war against his own country?'

Bihar Polls: Makhana Turns Into Political Hot Potato

Bihar Polls: Makhana Turns Into Political Hot Potato

Rediff.com10 Nov 2025

As it gains commercial viability, the food will likely become a powerful political currency.

Bank loan books report healthy growth in Q2

Bank loan books report healthy growth in Q2

Rediff.com31 Oct 2025

The pickup was driven partly by fresh corporate investment but more by higher working-capital demand.

Byju's Alpha alleges $533 million was routed back to founder in new court filing

Byju's Alpha alleges $533 million was routed back to founder in new court filing

Rediff.com18 Nov 2025

Debtor alleges evidence from OCI Ltd shows funds were "round-tripped" to Byju Raveendran despite his earlier sworn statements -- claims Byju's founders strongly reject.

Privatisation of banks unlikely to hurt national interest: FM

Privatisation of banks unlikely to hurt national interest: FM

Rediff.com4 Nov 2025

Finance Minister Nirmala Sitharaman on Tuesday allayed apprehension that privatisation of state-owned banks would hurt financial inclusion and national interest. She said the bank nationalisation done in 1969 has not yielded the desired result as far as financial inclusion was concerned.

Why US-China Face-Off Is Advantage India

Why US-China Face-Off Is Advantage India

Rediff.com29 Oct 2025

Amid US-China trade tensions and economic vulnerabilities, India must seize the 'China +1' opportunity, deepen reforms, secure FTAs, and globalise its firms for long-term growth, suggests Ajay Shah.

Dhol beats, sweets mark Amanjot and Harleen's return

Dhol beats, sweets mark Amanjot and Harleen's return

Rediff.com7 Nov 2025

World champions Amanjot and Harleen get grand welcome in Chandigarh

Sensex jumps 567 points amid global stocks rally

Sensex jumps 567 points amid global stocks rally

Rediff.com27 Oct 2025

Among Sensex firms, Bharti Airtel, Reliance Industries, Eternal, State Bank of India, Tata Steel and HDFC Bank were the major gainers. However, Kotak Mahindra Bank, Bharat Electronics, Infosys and Bajaj Finance were among the laggards.

Local body polls soon? Maha cabinet takes 21 decisions in single day

Local body polls soon? Maha cabinet takes 21 decisions in single day

Rediff.com4 Nov 2025

A series of decisions were taken under the Public Health Department, including an approval to increase honoraria for field-level workers engaged under the Ayushman BharatPradhan Mantri Jan Arogya Yojana and Mahatma Jyotirao Phule Jan Arogya Yojana.

Foreign mining firms assure rare-earth oxide supply under PLI scheme

Foreign mining firms assure rare-earth oxide supply under PLI scheme

Rediff.com10 Nov 2025

Major foreign mining and refining companies have assured the Indian government that they will have sufficient stocks of rare-earth oxides to supply to the winning bidders under the country's production-linked incentive (PLI) scheme for indigenous manufacturing of rare-earth permanent magnets (REPMs), Business Standard has learnt.

Banks can now fund India Inc's M&A drive

Banks can now fund India Inc's M&A drive

Rediff.com2 Oct 2025

The Reserve Bank of India (RBI) on Wednesday met the long-standing demand of banks by allowing them to finance acquisitions by Indian companies, a move that also expands banks' capital market lending in the country.

Ajit Pawar's son faces probe over Rs 300 cr Pune land deal

Ajit Pawar's son faces probe over Rs 300 cr Pune land deal

Rediff.com6 Nov 2025

Maharashtra Revenue Minister assures investigation into an alleged land deal involving a company linked to Deputy Chief Minister Ajit Pawar's son, Parth Pawar, after receiving a formal complaint.