News for 'State for Finance'

Budget Prepares For Rise In Cancer Cases

Budget Prepares For Rise In Cancer Cases

Rediff.com3 Feb 2025

Do we have enough trained oncologists and medical professionals in India to man these over 4,500 beds in the public sector?

Some improvement in India-China ties from Oct last year: Jaishankar

Some improvement in India-China ties from Oct last year: Jaishankar

Rediff.com26 Mar 2025

He said that the two nations will have issues in the foreseeable future. However, there are ways of addressing those issues and what happened in 2020 was not the way to address those issues.

Private hospitals to boost cancer care, beds count

Private hospitals to boost cancer care, beds count

Rediff.com27 Feb 2025

'Cancer incidence is projected to increase by 12.8 per cent by 2025 compared with 2020, necessitating more dedicated cancer treatment centres and specialised beds.'

Maha govt formation: BJP appoints Nirmala, Rupani as observers

Maha govt formation: BJP appoints Nirmala, Rupani as observers

Rediff.com2 Dec 2024

Though the party has made no announcement, former chief minister Devendra Fadnavis, the deputy chief minister in the outgoing government, is being seen as the frontrunner for the key position.

India to amend nuclear liability law ahead of Modi's US visit

India to amend nuclear liability law ahead of Modi's US visit

Rediff.com1 Feb 2025

India on Saturday announced plans to amend its nuclear liability law and set up a nuclear energy mission, a move that came ahead of Prime Minister Narendra Modi's likely visit to the United States.

Modi pat for Sitharaman: 'People's Budget, force multiplier'

Modi pat for Sitharaman: 'People's Budget, force multiplier'

Rediff.com1 Feb 2025

Prime Minister Narendra Modi has lauded the Union Budget as a "people's budget" that fulfills the dreams of every Indian and said that it is a "force-multiplier" that will boost consumption, investment and growth. He highlighted a host of measures for different sectors, including welfare initiatives for gig workers, tax relief for the middle class, and support for the manufacturing sector.

We Haven't Seen This In 39 Years!

We Haven't Seen This In 39 Years!

Rediff.com22 Aug 2024

Dr T V Somanathan is the first finance secretary to be appointed Cabinet secretary since 1985. His appointment at this juncture seems to carry much meaning for the forthcoming trajectory of reforms and restructuring of India's steel frame.

The landmark 1991 budget was Manmohan's trial by fire

The landmark 1991 budget was Manmohan's trial by fire

Rediff.com27 Dec 2024

Dr Manmohan Singh, the architect of India's economic reforms, had to literally face a trial-by-fire to ensure widespread acceptance of his path-breaking Union Budget of 1991 that saw the nation rise from its darkest financial crises.

Markets open higher ahead of Budget presentation

Markets open higher ahead of Budget presentation

Rediff.com1 Feb 2025

From the 30-share blue-chip pack, ITC Hotels, IndusInd Bank, Mahindra & Mahindra, Sun Pharma, UltraTech Cement and NTPC were among the biggest gainers. Titan, Kotak Mahindra Bank, Nestle, Asian Paints, HCL Tech and ICICI Bank were among the laggards.

Khazima Basha, Queen Of The Carrom Board

Khazima Basha, Queen Of The Carrom Board

Rediff.com25 Feb 2025

The 18 year old from an impoverished family in Chennai won the Carrom World Cup, but the title has not changed either her or her father, an autorickshaw driver.

Sensex, Nifty rebound on buying in Infosys, HDFC Bank

Sensex, Nifty rebound on buying in Infosys, HDFC Bank

Rediff.com22 Jan 2025

Among Sensex shares, Infosys, Tata Consultancy Services, Tech Mahindra, Sun Pharmaceutical, Bajaj Finserv, HCL Technologies, Bajaj Finance, HDFC Bank, IndusInd Bank and Kotak Mahindra Bank were among the gainers. Tata Motors, PowerGrid, Axis Bank, State Bank of India, NTPC, Tata Steel and Adani Ports were the major laggards.

No Of Nil Tax Returns Nearly Doubles In 5 Years

No Of Nil Tax Returns Nearly Doubles In 5 Years

Rediff.com11 Feb 2025

ITRs with zero tax liability have increased to 55.7 million in FY25.

FM unveils six new schemes, raises KCC limit to Rs 7 lakh

FM unveils six new schemes, raises KCC limit to Rs 7 lakh

Rediff.com1 Feb 2025

Finance Minister Nirmala Sitharaman on Saturday announced six new schemes and increased the subsidised Kisan Credit Card (KCC) loan limit to Rs 7 lakh from Rs 5 lakh, targeting everything from unemployment to crop productivity enhancement across the country. Presenting her eighth budget speech in Parliament, Sitharaman positioned agriculture as "the first engine of growth" and unveiled the Prime Minister Dhan-Dhaanya Krishi Yojana, a flagship program targeting 100 agri-districts grappling with low productivity, moderate crop intensity, and below-average credit parameters.

Gift City Helps Ahmedabad's Rise As Trading Powerhouse

Gift City Helps Ahmedabad's Rise As Trading Powerhouse

Rediff.com28 Feb 2025

The share of Ahmedabad in the total value of trades on both the BSE and NSE is set to touch double digits for the third year in a row.

Sensex crashes 1,235 points to 7-month low of 75,838

Sensex crashes 1,235 points to 7-month low of 75,838

Rediff.com21 Jan 2025

Among Sensex shares, Zomato, NTPC, Adani Ports, ICICI Bank, State Bank of India, Reliance Industries, Mahindra & Mahindra, Bajaj Finance, Tech Mahindra and Axis Bank were the major laggards. UltraTech Cement and HCL Technologies were the only gainers.

AI tool MuleHunter to tackle financial fraud

AI tool MuleHunter to tackle financial fraud

Rediff.com9 Dec 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday said the central bank has developed an innovative artificial intelligence and machine learning (AI/ML) based model MuleHunter.ai to address the growing issue of mule bank accounts that are often used for committing financial fraud. Developed by the Reserve Bank Innovation Hub, the new initiative is piloted with two public sector banks.

Sensex spurts 454 points; Nifty closes above 23,300

Sensex spurts 454 points; Nifty closes above 23,300

Rediff.com20 Jan 2025

Bajaj Finance, Bajaj Finserv, NTPC, State Bank of India, Power Grid, HDFC Bank, Tech Mahindra and Asian Paints were the other gainers. However, Zomato, Adani Ports, Tata Consultancy Services, Mahindra & Mahindra, Maruti and Tata Motors were among the laggards.

Why have thousands of kindergartens shut down in China?

Why have thousands of kindergartens shut down in China?

Rediff.com27 Oct 2024

In 2023, the number of kindergartens fell by 14,808 to 274,400, the annual report by the Chinese education ministry stated. It is the second consecutive annual decline in the latest indicator of China's falling birth rates.

Budget 2025: Defence Must Be The Priority

Budget 2025: Defence Must Be The Priority

Rediff.com31 Jan 2025

'The first and most basic responsibility of any government is to protect its people from external threats and internal harm.' 'Budget 2025-2026 has to focus on meeting this responsibility,' asserts R Jagannathan.

Who Will Define What Is Negative News?

Who Will Define What Is Negative News?

Rediff.com10 Mar 2025

The government resolution does not spell out what action would be taken, if any, against those writing and publishing 'negative' news. Nor does it define 'negative news and "misinformation', explains Jyoti Punwani.

Budget is by the people, for the people: Sitharaman

Budget is by the people, for the people: Sitharaman

Rediff.com2 Feb 2025

Paraphrasing Abraham Lincoln, Finance Minister Nirmala Sitharaman on Sunday described the Union Budget as "by the people, for the people, of the people", and said Prime Minister Narendra Modi was fully behind the idea to cut taxes for the middle class but it took time to convince the bureaucrats. "We have heard the voice of the middle class" who had been complaining about their aspirations not being met despite being honest taxpayers, she told PTI in an interview.

Why L&T Chief Works 90 Hours A Week

Why L&T Chief Works 90 Hours A Week

Rediff.com10 Jan 2025

S N Subrahmanyan earns Rs 13,98,630.14 per day!

What CEC Rajiv Kumar plans to do after retirement

What CEC Rajiv Kumar plans to do after retirement

Rediff.com8 Jan 2025

Chief Election Commissioner (CEC) Rajiv Kumar, set to retire next month, plans to spend several months in solitude in the Himalayas. He also expressed a desire to teach underprivileged children, recalling his own humble beginnings. Kumar's tenure as CEC saw him oversee landmark elections, including the 16th Presidential and Vice-Presidential elections in 2022 and assembly elections in 11 states.

Union Budget 2025-26: Economists stress need for manufacturing policy

Union Budget 2025-26: Economists stress need for manufacturing policy

Rediff.com9 Dec 2024

The need for a manufacturing policy, reining in food inflation and raising investment in the country were among key suggestions given by economists who met Finance Minister Nirmala Sitharaman and senior ministry officials in the first round of pre-Budget consultations on Friday.

Can Rekha Gupta Deliver BJP Promises To Delhi?

Can Rekha Gupta Deliver BJP Promises To Delhi?

Rediff.com20 Feb 2025

The monthly Rs 2500 payment for poor women is expected to cost Rs 11,000 crore while the pension scheme of Rs 2000 for every senior citizen will cost around Rs 4100 crore. The Yamuna clean up will cost over Rs 10,000 crore while a similar amount is required to upgrade Delhi's hospitals. Ultimately, the new BJP government will have no choice but to ask the centre for financial support, notes Rashme Sehgal.

'Budget Gives Middle Class Some Breathing Room'

'Budget Gives Middle Class Some Breathing Room'

Rediff.com3 Feb 2025

'But this Budget alone will not fix what ails the Indian economy.'

India, Qatar to double trade in next 5 yrs; discuss Israel-Hamas issue

India, Qatar to double trade in next 5 yrs; discuss Israel-Hamas issue

Rediff.com19 Feb 2025

India and Qatar on Tuesday agreed to elevate their relationship to a strategic partnership and double bilateral trade to USD 28 billion over the next five years. Prime Minister Narendra Modi and Qatari Amir Sheikh Tamim Bin Hamad Al-Thani signed agreements and MoUs to strengthen economic cooperation, including a revised double taxation avoidance agreement. The strategic partnership will cover the "entire spectrum" of the bilateral relationship, including trade, energy security, and regional and international cooperation. Both leaders also discussed ways to further strengthen and broaden the energy partnership, including "exploring mutual investments." The Amir's visit provided an "excellent opportunity" for the top leadership of the two countries to discuss and "cement a strategic partnership for enhanced future cooperation."

Where Would India Be Without Dr Singh?

Where Would India Be Without Dr Singh?

Rediff.com27 Dec 2024

What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.

Markets rebound on buying in blue-chips

Markets rebound on buying in blue-chips

Rediff.com1 Jan 2025

Among Sensex shares, Maruti, Mahindra & Mahindra, Larsen & Toubro, Bajaj Finance, Tata Motors, IndusInd Bank, Asian Paints, Power Grid, HDFC Bank and Axis Bank advanced. Tata Steel, Adani Ports, Zomato, HCL Tech, State Bank of India, Hindustan Unilever and Tech Mahindra were among the laggards.

CEC Rajiv Kumar, a strong critic of exit polls, demits office

CEC Rajiv Kumar, a strong critic of exit polls, demits office

Rediff.com18 Feb 2025

Rajiv Kumar, the 25th chief election commissioner of India, has demitted office after a nearly three-year tenure marked by both electoral successes and allegations of bias from opposition parties. Kumar oversaw the 2024 Lok Sabha elections and the Jammu and Kashmir assembly polls, among other major elections. During his tenure, he implemented reforms across various aspects of the Election Commission's functioning, including structural, technological, capacity development, communication, international cooperation, and administration. However, he faced criticism from opposition parties and activists on several issues, including the efficacy of Electronic Voting Machines, alleged fudging of voter data, and being "lenient" on the ruling BJP. While the Commission responded to the allegations, Kumar often defended himself and the poll authority through poetry. In his farewell address, Kumar expressed concerns about the timing of petitions raising doubts over poll processes and the impact of freebie promises on the fiscal health of the state. He also criticized the practice of showing early trends on counting day by news channels, calling it "nonsense". Kumar's tenure was marked by numerous controversies, with opposition parties and activists alleging bias and irregularities. While the Election Commission defended its actions, the allegations cast a shadow over his time in office.

BJP mulls 2 deputy CMs in Delhi to reflect 'mini' India

BJP mulls 2 deputy CMs in Delhi to reflect 'mini' India

Rediff.com13 Feb 2025

The BJP is considering having two deputy chief ministers in the new Delhi government to represent the city as a "mini" India, party leaders said. The move is aimed at accommodating MLAs from different castes, communities, and regional backgrounds. The proposal is under consideration by the national leadership, which will also decide on the chief minister and other ministers. The process of government formation is expected to gain momentum after Prime Minister Narendra Modi returns from his foreign visit over the weekend.

Budget will revitalise agri sector, rural economy

Budget will revitalise agri sector, rural economy

Rediff.com4 Feb 2025

Recent documents by NITI Aayog and periodic labour force surveys on employment show that the importance of agriculture is rising in the Indian economy.

Meity To Tap Global AI & ML Experts

Meity To Tap Global AI & ML Experts

Rediff.com20 Feb 2025

'We will start reaching out to researchers, academics, and experts on AI from top universities and companies from across the world.'

India saw remarkable transformation in 10 yrs: UNGA chief

India saw remarkable transformation in 10 yrs: UNGA chief

Rediff.com2 Feb 2025

UN General Assembly President Philemon Yang will visit India from February 4 to 8, his first official trip as President of the 79th session. Yang highlighted India's "remarkable transformation" over the past decade, particularly in digital and technological innovation, and plans to see how these advancements have reached the grassroots level during his visit. He also praised India's contributions to peacekeeping, humanitarian efforts, and its voice for the Global South.

Finance panel may revive sops for states

Finance panel may revive sops for states

Rediff.com27 Jun 2018

Performance-based incentives were recommended by the 13th Finance Commission, but omitted by the 14th Finance Commission

Sena may get additional ministry, BJP to keep home: Sources

Sena may get additional ministry, BJP to keep home: Sources

Rediff.com15 Dec 2024

The Bharatiya Janata Party is expected to cede housing ministry to the Shiv Sena in Maharashtra following the likely cabinet expansion in the state, sources said, adding that the BJP will retain the home ministry.

Budget 2025: UDAN scheme modified to connect 120 new destinations

Budget 2025: UDAN scheme modified to connect 120 new destinations

Rediff.com1 Feb 2025

To tap Indian civil aviation market's growth potential, the government on Saturday announced a modified regional air connectivity scheme UDAN (Ude Desh ka Aam Naagrik) to connect 120 new destinations, airport projects in Bihar and upgradation of infrastructure for air cargo in the Union Budget.

Budget 2025: More credit for farmers, 6 new schemes announced

Budget 2025: More credit for farmers, 6 new schemes announced

Rediff.com1 Feb 2025

In a significant policy shift aimed at boosting agri-productivity and rural prosperity, Finance Minister Nirmala Sitharaman on Saturday announced six new agricultural schemes while increasing the subsidised Kisan Credit Card loan limit to Rs 5 lakh from the existing Rs 3 lakh, benefiting 7.7 crore farmers, fishermen, and dairy farmers.

Trump 2.0: Return Of The Maverick

Trump 2.0: Return Of The Maverick

Rediff.com20 Jan 2025

In the weeks between his phenomenal electoral victory and swearing-in as the 47th president of the United States, the world got a preview of what a second Donald Trump presidency will entail -- both for itself and America.

Govt to open nuclear power sector for private participation

Govt to open nuclear power sector for private participation

Rediff.com1 Feb 2025

Ushering in reforms, Union Finance Minister Nirmala Sitharaman on Saturday proposed to open up the nuclear power sector for private players and announced a Rs 20,000 crore Nuclear Energy Mission for research in the field, with an aim to set up five small and modular reactors by 2033.