News for 'System of National Accounts'

Indians Work More Than Chinese!

Indians Work More Than Chinese!

Rediff.com14 Feb 2025

The average Indian works 46.7 hours per week, surpassing even China's 46.1 hours. In some sectors, the numbers are even more staggering.

Govt orders probe into Tirupati stampede, heads roll

Govt orders probe into Tirupati stampede, heads roll

Rediff.com10 Jan 2025

A day after six persons died in the Tirupati stampede, the Andhra Pradesh government on Thursday announced a judicial inquiry into the incident that seems to have been the result of a policeman's innocuous act of opening the gate with the intention of aiding a sick woman.

US to deport 487 more Indians, details given to New Delhi

US to deport 487 more Indians, details given to New Delhi

Rediff.com8 Feb 2025

India has raised concerns with the US over the recent deportation of 104 Indian immigrants, with Foreign Secretary Vikram Misri revealing that US authorities have identified up to 487 presumed Indian citizens with "final removal order." Misri also highlighted the "ecosystem to promote illegal migration" and stressed the need for action against those involved in facilitating such operations.

What You Can Do With The Extra Money

What You Can Do With The Extra Money

Rediff.com4 Feb 2025

'Some part could be used for consumption purposes, and the rest could be used to meet important financial goals.' 'The split can be 30:70 to 50:50, depending on one's situation.'

UK's richest 10% took half of wealth from India during colonialism

UK's richest 10% took half of wealth from India during colonialism

Rediff.com20 Jan 2025

The United Kingdom extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to carpet London in notes of 50 British pound almost four times over.

Trump Has Become A Reset Button

Trump Has Become A Reset Button

Rediff.com11 Apr 2025

Trump's sweeping tariffs and penalties on China-built ships have turned global shipping into the front line of economic war, observes Shyam G Menon.

Taiwanese among 17 held in Gujarat for 'digital arrest' fraud

Taiwanese among 17 held in Gujarat for 'digital arrest' fraud

Rediff.com14 Oct 2024

Seventeen persons, including four hailing from Taiwan, were arrested by Ahmedabad Cyber Crime Branch for allegedly operating a nationwide 'digital arrest' racket, a Gujarat police official said on Monday.

Trump Tariffs: How Must India Respond?

Trump Tariffs: How Must India Respond?

Rediff.com12 Mar 2025

India should convert the Trump threat to an India opportunity, re-embracing a more liberal trade regime as a way of reviving manufacturing output and exports.

'Blaming India Is Pakistan's Go-To Excuse'

'Blaming India Is Pakistan's Go-To Excuse'

Rediff.com25 Mar 2025

'Neither are Baloch insurgents capable of breaking up Pakistan, nor has Pakistan learned any lessons from the 1971 debacle that led to the country's dismemberment.'

Why Modi's White House Visit Was A Success

Why Modi's White House Visit Was A Success

Rediff.com20 Feb 2025

Modi lived up to his declaration that his visit was purely meant to strengthen India's relationship with the US, but there may be situations in which our silence on some issues will haunt us in the future, cautions Ambassador T P Sreenivasan.

GBS situation in Pune linked to...: Health minister

GBS situation in Pune linked to...: Health minister

Rediff.com27 Jan 2025

Maharashtra Health Minister Prakash Abitkar has linked 80% of suspected Guillain-Barr Syndrome (GBS) cases in Pune to water contamination around a well in Nanded village. The state health department and the Pune Municipal Corporation (PMC) are taking measures to address the issue. The well is a source of water for surrounding villages, and officials suspect contamination is leading to the spike in GBS cases. The minister emphasized that GBS affects individuals with weak immunity, and campylobacter jejuni bacteria, usually causing stomach infection, can trigger the disease. The PMC has conducted water sample tests, with some showing evidence of norovirus and campylobacter jejuni. Clean drinking water is being provided through tankers to affected areas.

New Tax Regime Turns More Attractive

New Tax Regime Turns More Attractive

Rediff.com3 Feb 2025

The old tax regime remains unchanged. 'Taxpayers opting for it will continue to follow the existing slab rates and deductions.'

Trump's Reciprocal Tariffs Bite Into Apple's India Growth Plans

Trump's Reciprocal Tariffs Bite Into Apple's India Growth Plans

Rediff.com12 Mar 2025

Apple's ambitious strategy to expand iPhone exports, shift more production from China to India at a faster pace, and grow its domestic market hits a Trump-sized roadblock.

PSBs clocked 11% growth in H1FY25

PSBs clocked 11% growth in H1FY25

Rediff.com13 Nov 2024

The Union Finance Ministry on Tuesday said that aggregate business of public sector banks (PSBs) has shown strong growth of 11 per cent in the first half of the financial year 2024-25 (H1FY25) to touch Rs 236 trillion. The operating and net profit were also robust. At Rs 1.5 trillion, operating profit grew by 14.4 per cent year-on-year (Y-o-Y) while the net profit saw an impressive 25.6 per cent jump at Rs 85,520 crore in the first half of FY25.

You can design another system without flaws: CJI on election bonds

You can design another system without flaws: CJI on election bonds

Rediff.com2 Nov 2023

The electoral bonds scheme for funding political parties should not become a tool for "legitimisation of quid pro quo" between power centres and people who are benefactors of that power, the Supreme Court said on Thursday as it underscored the need for reducing the cash component in the electoral process.

Trump's H-1B Policy Will Affect Desis

Trump's H-1B Policy Will Affect Desis

Rediff.com15 Jan 2025

Indian Americans contribute approximately 5% to 6% -- roughly $300 billion -- in federal tax revenues annually.

What If China, America Make Up?

What If China, America Make Up?

Rediff.com13 Feb 2025

Trump spoke approvingly of his recent telephone conversation with Xi Jinping. This could indicate the possibility of America and China reaching some level of tactical accommodation, which would not be good news for India, points out Ambassador Shyam Saran, a former foreign secretary.

Trump names Indian-American close aide Kash Patel as FBI chief

Trump names Indian-American close aide Kash Patel as FBI chief

Rediff.com1 Dec 2024

President-elect Donald Trump has nominated Kash Patel, a close confidante, as the Director of the Federal Bureau of Investigation (FBI). This appointment would make Patel the highest-ranking Indian American in Trump's incoming administration. Patel has previously served in various roles in the Trump administration, including Chief of Staff at the Department of Defense, Deputy Director of National Intelligence, and Senior Director for Counterterrorism at the National Security Council. Trump praised Patel's work in uncovering the "Russia, Russia, Russia Hoax" and his commitment to "bringing back Fidelity, Bravery, and Integrity to the FBI." Patel, who has extensive experience in law enforcement and national security, is known for his work on the Russia investigation and his criticism of the "deep state."

'Government Is Constantly Trying To Subvert RTI'

'Government Is Constantly Trying To Subvert RTI'

Rediff.com9 Jan 2025

'The government does not want to be transparent or accountable. Therefore, they do not want to appoint information commissioners.'

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.

RBI turned down request to appoint ex-CBI official on board: Religare

RBI turned down request to appoint ex-CBI official on board: Religare

Rediff.com25 Oct 2024

Religare Enterprises, a financial services firm, has disclosed that the Reserve Bank of India (RBI) turned down its application to appoint Rakesh Asthana as its whole-time director in May this year without citing any reasons. Asthana is a former top official of the Central Bureau of Investigation (CBI). In a notice to the stock exchanges, Religare said that while the company and Asthana were weighing the options of dealing with the letter of refusal by the RBI, it was also busy in preparing for the "herculean task" of making ready multiple applications to regulators.

SC collegium system 'opaque': Law minister Rijiju

SC collegium system 'opaque': Law minister Rijiju

Rediff.com4 Nov 2022

If it is opaque, then who else will speak up against it if not the concerned minister, Rijiju said.

Sebi's 2024 review: Push for reforms continued despite controversies

Sebi's 2024 review: Push for reforms continued despite controversies

Rediff.com31 Dec 2024

In 2024, the Securities and Exchange Board of India (Sebi) implemented significant reforms, focusing on cooling down the derivatives segment, enhancing transparency and accountability in small and midsised enterprise (SME) listings, and deepening the fund management ecosystem.

Free, fair polls in Bangladesh after reforms in various sectors: Yunus

Free, fair polls in Bangladesh after reforms in various sectors: Yunus

Rediff.com25 Aug 2024

Yunus in his 26-minute speech did not give any deadline for the tenure of his interim government but acknowledged that "everyone is interested to know when our government will leave".

SC gets on judicial grid, national data of cases becomes available

SC gets on judicial grid, national data of cases becomes available

Rediff.com14 Sep 2023

Chief Justice of India DY Chandrachud on Thursday said the Supreme Court has onboarded the National Judicial Data Grid (NJDG), a repository of data on pendency and disposal of cases right from taluka to the national level.

The defence Budget for this year is...

The defence Budget for this year is...

Rediff.com1 Feb 2025

Under capital expenditure, Rs 48,614 crore has been set aside for aircraft and aero engines while Rs 24,390 crore has been allocated for the naval fleet.

How Government Is Making Use Of AI

How Government Is Making Use Of AI

Rediff.com9 Oct 2024

The National Informatics Centre uses AI to automate document analysis and detect fraud in government departments.

'Focus Is To Maintain The Casa Ratio'

'Focus Is To Maintain The Casa Ratio'

Rediff.com8 Nov 2024

'It has remained around 38 per cent over the past four to five quarters.'

Will budget for agri research get a big boost this year?

Will budget for agri research get a big boost this year?

Rediff.com28 Jan 2025

Several leading scientists, academicians, and agriculturalists have called for raising government support for research and development to make Indian agriculture future-ready.

'Rahul Shouldn't Have Called Kejriwal Deshdrohi'

'Rahul Shouldn't Have Called Kejriwal Deshdrohi'

Rediff.com17 Jan 2025

'The Congress cannot speak the BJP's words while targeting Kejriwal.' 'What is the difference between the two? Where is the unity of INDIA then?'

Vacancies in judiciary will continue till creation of new system: Rijiju

Vacancies in judiciary will continue till creation of new system: Rijiju

Rediff.com15 Dec 2022

Replying to questions in the Upper House of Parliament, the law minister said the Centre has limited powers over appointments of judges.

Sebi working on new ASBA-like payment system for secondary trades: Buch

Sebi working on new ASBA-like payment system for secondary trades: Buch

Rediff.com22 Sep 2022

The Securities and Exchange Board of India (Sebi) is working on a new payment system for the secondary market, which could prevent brokers from accessing their client funds. It will be on the lines of the Application Supported by Blocked Amount (ASBA) process used for subscribing to initial public offerings (IPOs), where funds move out of an investor's bank account only after the trade is confirmed. Sebi chairperson Madhabi Puri Buch on Wednesday said that despite the challenges, the new system would be ready in a few months.

'Eyewash': Adhir declines to join 'one-nation, one-poll' panel

'Eyewash': Adhir declines to join 'one-nation, one-poll' panel

Rediff.com3 Sep 2023

The Congress leader also lamented the exclusion of current Leader of Opposition in Rajya Sabha Mallikarjun Kharge from the committee

'Har Ghar Lakhpati': SBI's new mantra for deposit accretion

'Har Ghar Lakhpati': SBI's new mantra for deposit accretion

Rediff.com9 Dec 2024

At a time when banks are finding it challenging to mobilise resources, State Bank of India (SBI)-the country's largest lender-has devised a three-pronged strategy to boost deposit accretion. First is an aspirational product that promises to make depositors lakhpatis by helping them grow their deposits to Rs 1 lakh through recurring deposit (RD) schemes.

Direct tax: Budget 2025-26 eases burden, boosts spending and growth

Direct tax: Budget 2025-26 eases burden, boosts spending and growth

Rediff.com3 Feb 2025

The eighth Budget of Finance Minister Nirmala Sitharaman continued to focus on 'GYAN' (Garib, Youth, Annadata, Nari) to maintain a consistent and coherent strategy initiated over the years in pursuing the government's vision for Viksit Bharat. The approach, characterised by incremental yet impactful steps, aims to create a compounding effect over time.

How OCIs Are Taxed

How OCIs Are Taxed

Rediff.com18 Sep 2024

'Any earnings, regardless of location, will be subject to Indian income tax.'

'Banks must be prepared for providing UPI credit'

'Banks must be prepared for providing UPI credit'

Rediff.com19 Jul 2024

'A credit line on UPI is going to make banks think about credit fundamentally as they digitise the credit process entirely.'

Why Subianto Is The R-Day Chief Guest

Why Subianto Is The R-Day Chief Guest

Rediff.com14 Jan 2025

India is trying hard to erase Indonesia's wariness about New Delhi, building security cooperation in the Indian Ocean and Pacific Ocean. If Indonesia decides to buy the Brahmos missile, it would further strengthen relations between the world's most populous nation and the most populous Islamic country.

The Menace Of Illegal Constructions

The Menace Of Illegal Constructions

Rediff.com25 Oct 2024

As we brace for unprecedented rates of urbanisation, it is crucial to ensure that illegal constructions and unauthorised land use are curbed, asserts Amit Kapoor.

When A PM Miraculously Escaped Air Crash

When A PM Miraculously Escaped Air Crash

Rediff.com17 Feb 2025

Wing Commander Raveendran and flight steward Sargeant Iyer, though shaken and injured, managed to open the rear door of the aircraft and shouted for Prime Minister Morarji Desai and the passengers in the forward cabin to exit in haste since they suspected that fire would engulf the aircraft.