News for 'State for Finance'

'Pakistan Does America's Dirty Work'

'Pakistan Does America's Dirty Work'

Rediff.com11 Aug 2025

'What the Americans want is to destabilise Iran. For destabilising Iran, you need access. 'One access is through Iraq. The other access is through Pakistan.'

Trump's 24-hr threat to India; Russia steps in to defend

Trump's 24-hr threat to India; Russia steps in to defend

Rediff.com5 Aug 2025

United States President Donald Trump on Tuesday said India has not been a good trading partner and announced that he will raise the tariffs on New Delhi 'very substantially' over the next 24 hours because it is buying Russian oil.

Trump Tantrum: 'Present Moment Difficult For India'

Trump Tantrum: 'Present Moment Difficult For India'

Rediff.com20 Aug 2025

'Geopolitically and diplomatically it's a very difficult situation for India.'

What If Property Papers Go Missing?

What If Property Papers Go Missing?

Rediff.com11 Aug 2025

File a written complaint with the bank's grievance redressal officer and secure an acknowledgement.

Why Sensex closed at nearly two-month low on Monday

Why Sensex closed at nearly two-month low on Monday

Rediff.com29 Jul 2025

Titan, HCL Tech and State Bank of India were also among the laggards. However, Hindustan Unilever, Asian Paints, ICICI Bank, Power Grid, HDFC Bank and ITC were the gainers.

Ajit Pawar admits to mistakes in Ladki Bahin payout

Ajit Pawar admits to mistakes in Ladki Bahin payout

Rediff.com2 Jun 2025

Maharashtra Deputy CM Ajit Pawar on Monday admitted to 'mistakes' in distributing financial assistance to all women applicants of the Ladki Bahin scheme launched last year, which he said would be rectified through scrutiny to ensure only genuine beneficiaries receive the aid.

Automobile retail sales up 5% in June; PVs, two-wheelers see growth

Automobile retail sales up 5% in June; PVs, two-wheelers see growth

Rediff.com7 Jul 2025

Automobile retail sales in India rose around 5 per cent year-on-year in June with all vehicle segments, including passenger vehicles and two-wheelers, witnessing growth, Federation of Automotive Dealers Associations (FADA) said on Monday.

When Gujarati Muslims Dominated Bombay Politics

When Gujarati Muslims Dominated Bombay Politics

Rediff.com26 Aug 2025

'They wanted the city to be a great business hub. They didn't like the fact that taxes collected in Bombay would go outside the city.'

Multiple triggers ahead for affordable housing finance companies

Multiple triggers ahead for affordable housing finance companies

Rediff.com26 Jul 2024

Mortgage finance remains a structural growth opportunity in India with a policy focus on affordable housing, housing shortages, low mortgage penetration, and rising incomes as drivers. Affordable Housing Finance Companies (AHFCs) serve the mass market, low-income segments, which is the least-serviced category, and to operate in this segment, the mortgage provider needs good assessment skills. AHFCs and HFCs have also been increasing exposure in other mortgage segments (loan against property, developer loans among others).

The Teen Who Built A Tax Education Game

The Teen Who Built A Tax Education Game

Rediff.com5 Aug 2025

Manas Sood, a Class 12 student from the Delhi Public School, has distributed 2,650 boxes of Tax City Education and empowered over 12,000 students from 52 schools across India. His aim? To help young Indians understand taxes and become financially literate.

Operation Sindoor casts shadow on car sales in May

Operation Sindoor casts shadow on car sales in May

Rediff.com9 Jun 2025

Fada estimates that global supply chain headwinds like scarce availability of rare earth elements for electric vehicle components and geopolitical tensions may affect urban consumer sentiment in June as well.

Sensex drops 452 points dragged by bank stocks

Sensex drops 452 points dragged by bank stocks

Rediff.com30 Jun 2025

From the Sensex firms, Axis Bank, Kotak Mahindra Bank, Maruti, UltraTech Cement, Bajaj Finance, ICICI Bank, Reliance Industries, Tata Steel, Bharti Airtel and HDFC Bank were among the major laggards. However, Trent, State Bank of India, Bharat Electronics, Titan and Bajaj Finserv were among the gainers.

Preventive detention must be used sparingly: SC

Preventive detention must be used sparingly: SC

Rediff.com7 Jun 2025

Preventive detention is an extraordinary power in the hands of the state that must be used sparingly, said the Supreme Court as it set aside an order to detain a man indulging in money lending in Kerala.

Sensex decline on fag-end selling; financial stocks drag

Sensex decline on fag-end selling; financial stocks drag

Rediff.com3 Jul 2025

Among the Sensex firms, Kotak Mahindra Bank, Bajaj Finserv, Bajaj Finance, Adani Ports, Trent, State Bank of India, Titan and Tata Consultancy Services were the laggards. However, Maruti, Infosys, NTPC, Asian Paints, Eternal and Hindustan Unilever were among the biggest gainers.

Bank stocks help Sensex gain 193 points at close

Bank stocks help Sensex gain 193 points at close

Rediff.com4 Jul 2025

From the Sensex firms, Bajaj Finance, Infosys, Hindustan Unilever, ICICI Bank, HCL Tech, UltraTech Cement, Bajaj Finserv, State Bank of India, Tata Consultancy Services, Reliance Industries, Axis Bank and Larsen & Toubro were among the major gainers. However, Trent, Tata Steel, Tech Mahindra and Maruti were among the laggards.

When A Vice President Resigned For The First Time

When A Vice President Resigned For The First Time

Rediff.com22 Jul 2025

Vice President V V Giri's resignation in 1969 triggered political upheavals that saw the ruling party defy its own presidential nominee, the expulsion of a sitting prime minister by her party president, and a historic split in the Indian National Congress, recounts Utkarsh Mishra.

'Longstanding demand met,' Patel on Sports Bill

'Longstanding demand met,' Patel on Sports Bill

Rediff.com13 Aug 2025

Patel emphasised that one of the most important features of the bill is the establishment of a dedicated tribunal for resolving disputes, reducing the burden on the judiciary and ensuring quicker justice.

Sitharaman has a message for the fintechs

Sitharaman has a message for the fintechs

Rediff.com19 Jun 2025

Finance Minister Nirmala Sitharaman on Wednesday asked fintech startups to come out with solutions to deal with the rising incidence of digital arrests, cheating by fly-by-night operators, and other kinds of cyber frauds. Speaking at the Digital Payments Awards 2025 ceremony here, the minister credited fintechs with helping speed up financial inclusion and taking the payment system to even the far-flung areas of the country.

'India Can Convert Tariffs Into Win-Win Situation'

'India Can Convert Tariffs Into Win-Win Situation'

Rediff.com11 Aug 2025

'It's important for India to think about areas where it wants the US to move.' 'We can be far more innovative in what we ask the US.' 'Given that there's a package deal, why not do it?'

US penalty risk on Russian oil may add $9-11 bn to India's import bill

US penalty risk on Russian oil may add $9-11 bn to India's import bill

Rediff.com3 Aug 2025

India's annual oil import bill could rise by $9-11 billion if the country is compelled to move away from Russian crude in response to US threats of additional tariffs or penalties on Indian exports, analysts said. India, the world's third-largest oil consumer and importer, has reaped significant benefits by swiftly substituting market-priced oil with discounted Russian crude following Western sanctions on Moscow after its invasion of Ukraine in February 2022.

SBI slams Anil Ambani. says RCom loan account is 'fraud'

SBI slams Anil Ambani. says RCom loan account is 'fraud'

Rediff.com2 Jul 2025

State Bank of India has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and to report the name of its erstwhile director -- Anil Ambani to the Reserve Bank of India (RBI), according to a regulatory filing. Reliance Communications in a regulatory filing said that it has received a letter dated June 23, 2025 from the State Bank of India (SBI) to this effect.

Trump wants to end citizenship by birth, 22 US states to sue

Trump wants to end citizenship by birth, 22 US states to sue

Rediff.com22 Jan 2025

Indians are the main beneficiaries of the H-1B visas, which bring in the best of the talent and brains from across the world. Highly skilled professionals from India walk away with the overwhelming number of H-1B visas - which is Congressional mandated 65,0000 every year and another 20,000 for those who received higher education from the US.

Sensex tanks 690 points on selling in IT, auto stocks

Sensex tanks 690 points on selling in IT, auto stocks

Rediff.com11 Jul 2025

Key benchmark indices Sensex and Nifty declined for the third session in a row on Friday, dropping nearly 1 per cent, dragged by heavy selling in IT, auto and energy stocks. Tariff-related uncertainties amid mixed global market trends also added to the pressure, analysts said. The 30-share BSE Sensex tanked 689.81 points or 0.83 per cent to settle at 82,500.47.

India's $100 Bn Gambling Black Hole

India's $100 Bn Gambling Black Hole

Rediff.com11 Jun 2025

'The larger and more opaque this shadow economy becomes, especially online, the greater the risk to India's national security.'

Trump threatens steeper tariffs on India over Russian oil buy

Trump threatens steeper tariffs on India over Russian oil buy

Rediff.com4 Aug 2025

"India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits," Trump said in a social media post on Monday.

Free Divestment From Finance Ministry

Free Divestment From Finance Ministry

Rediff.com21 Mar 2024

The new government that presents the full Budget for 2024-2025 in July should be ready to restructure the way divestment is managed and implemented, proposes A K Bhattacharya.

Modi launches India's first vertical lift sea bridge in TN, Stalin opts out

Modi launches India's first vertical lift sea bridge in TN, Stalin opts out

Rediff.com6 Apr 2025

Prime Minister Narendra Modi inaugurated the Pamban sea bridge, providing rail link between Rameswaram island and the mainland and flagged off the new Rameswaram-Tambaram (Chennai) train service. The bridge is India's first vertical sea-lift bridge, spanning 2.08 kilometers, and includes a 72.5-meter-long vertical lift span that can be raised up to 17 meters, allowing the smooth passage of large ships while ensuring seamless train operations. Built at a cost of over Rs 550 crore, the bridge features stainless steel reinforcement, high-grade paint, and fully welded joints, enhancing durability while reducing maintenance requirements. The bridge is a remarkable blend of tradition and technology.

'My Conscience Does Not Permit Me To Watch This Match'

'My Conscience Does Not Permit Me To Watch This Match'

Rediff.com30 Jul 2025

'Operation Sindoor is still ongoing. The Prime Minister himself said that blood and water cannot flow together, that talks and terrorism cannot go together. So how can we have a cricket match with a country that indulges in terrorism?'

'Sweeping powers' to EC: Gogoi, other ex-CJIs flag concern

'Sweeping powers' to EC: Gogoi, other ex-CJIs flag concern

Rediff.com6 Jul 2025

Former chief justices of India, who have conveyed their views to a parliamentary committee on the bill proposing simultaneous polls, have endorsed the constitutionality of the 'one nation, one election' concept but have raised concerns over its various aspects, including the power given to the Election Commission, and offered suggestions.

India, UK to sign trade pact on July 24; Goyal to accompany PM Modi

India, UK to sign trade pact on July 24; Goyal to accompany PM Modi

Rediff.com22 Jul 2025

Commerce and Industry Minister Piyush Goyal will accompany Prime Minister Narendra Modi to London for the signing of the free trade agreement between India and the UK on July 24, an official said on Monday. The two countries announced the conclusion of the negotiations for the trade agreement on May 6.

285 Tweaks Proposed to Income Tax Bill

285 Tweaks Proposed to Income Tax Bill

Rediff.com17 Jul 2025

'The government, if it deems fit, will incorporate the changes in the Bill, take approval from the Cabinet before moving the bill for consideration and passage in the Lok Sabha.'

He Quit Amazon To Make Films

He Quit Amazon To Make Films

Rediff.com13 Aug 2025

'You need the drishti, the experience. I am beginning to see things differently.'

Pakistan launches bitcoin reserve in presence of Trump's sons

Pakistan launches bitcoin reserve in presence of Trump's sons

Rediff.com29 May 2025

In a major initiative, Pakistan has announced the establishment of its first government-backed Strategic Bitcoin reserve as it invited investment in the country's crypto markets.

In Beijing, Doval issues veiled warning to Pakistan

In Beijing, Doval issues veiled warning to Pakistan

Rediff.com24 Jun 2025

National Security Adviser Ajit Doval on Tuesday called for shunning double standards in combating terrorism and urged members of the Shanghai Cooperation Organisation (SCO) to hold accountable perpetrators, organisers and financers of cross-border terrorism, seen as reference to Pakistan.

Puri: 3 killed in stampede during Rath Yatra ceremony

Puri: 3 killed in stampede during Rath Yatra ceremony

Rediff.com29 Jun 2025

The incident took place around 4 am when hundreds of devotees gathered near the temple to witness Rath Yatra festivities, Puri district collector Siddharth S Swain said.

Relief for taxpayers, late refund claim may be allowed

Relief for taxpayers, late refund claim may be allowed

Rediff.com23 Jun 2025

'Experts and stakeholders have raised concern over the refund provision in the draft Bill. That was a drafting error, which will be rectified,' a government official said.

Why Mumbai, Bengaluru realtors are feeling the heat

Why Mumbai, Bengaluru realtors are feeling the heat

Rediff.com3 Jul 2025

'Every delay directly increases the cost burden on developers. Land holding charges, financing costs, and compliance expenses escalate as approvals drag on.'

Centre plans to list at least five RRBs by FY27-end

Centre plans to list at least five RRBs by FY27-end

Rediff.com24 May 2025

After the merger of regional rural banks (RRBs) under the "One State, One RRB" policy to improve their efficiency and minimise competition among public-sector banks (PSBs) that sponsor them, the government is planning to list at least five RRBs by the end of financial year 2026-27 (FY27). After the latest amalgamation that came into effect on May 1, there are 28 RRBs in 26 states and two Union Territories (UTs), with more than 22,000 branches covering 700 districts.

Govt urges banks to close inoperative Jan Dhan accounts

Govt urges banks to close inoperative Jan Dhan accounts

Rediff.com7 Jul 2025

State-owned banks have received guidance from the government to close Jan Dhan accounts whose beneficiaries are unwilling to keep them active, amid rising instances of such accounts being misused by fraudsters as mule accounts to defraud people, people aware of the development said.

India opposes fresh $2.3 bn IMF loans to Pak over terror concerns

India opposes fresh $2.3 bn IMF loans to Pak over terror concerns

Rediff.com9 May 2025

India has opposed the International Monetary Fund's (IMF) proposal to extend fresh loans of USD 2.3 billion to Pakistan, citing concerns that the funds could be misused for financing state-sponsored cross-border terrorism. India abstained from voting at the IMF meeting, expressing concerns about Pakistan's track record and the possibility of debt financing being misused for terrorism. The IMF took note of India's statements and its abstention from the vote. India's opposition comes at a time when military conflict between India and Pakistan has intensified following a terrorist attack in Kashmir.