News for 'System of National Accounts'

Defence Policy: India's Democracy Deficit

Defence Policy: India's Democracy Deficit

Rediff.com3 Jul 2024

One hopes the new Lok Sabha will mark a break from a dismal tradition -- lack of interest in defence and security policies, argues Colonel Anil A Athale.

YouTube removes 2.2 mn videos in India over norm violation in Oct-Dec

YouTube removes 2.2 mn videos in India over norm violation in Oct-Dec

Rediff.com27 Mar 2024

The latest report showed that between October and December 2023, over 2.25 million videos (2,254,902) were removed in India for violating YouTube's community guidelines. India topped the list of 30 countries in video removals.

CBI to probe coaching centre deaths, HC raps Delhi police

CBI to probe coaching centre deaths, HC raps Delhi police

Rediff.com2 Aug 2024

Criticising the police for arresting an SUV driver and blaming him for the incident, the high court said, "Mercifully, you have not challaned the rainwater for entering into the basement."

NEET paper leak: 'There must be a retest'

NEET paper leak: 'There must be a retest'

Rediff.com21 Jun 2024

'I do not think the scam is limited to 1,563 students. The number is too low to have caused such an inflation in the marks'

Can History Repeat Itself?

Can History Repeat Itself?

Rediff.com16 Jul 2024

Electoral setbacks and thwarted ambition can have an unpredictable effect on leaders,, observes Aditi Phadnis.

What Is A Retirement Fund?

What Is A Retirement Fund?

Rediff.com20 May 2024

A retirement fund can be helpful for all age groups, but ideally one should start investing early to beat market swings and gain from compounding.

India's richest 1% holds 40% wealth, says study

India's richest 1% holds 40% wealth, says study

Rediff.com20 Mar 2024

Inequality in India has skyrocketed since early 2000s, with the income and wealth share of top 1 per cent population rising to 22.6 per cent and 40.1 per cent, respectively, in 2022-23, according to a working paper. The paper titled 'Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj' said between 2014-15 and 2022-23, the rise of top-end inequality has been particularly pronounced in terms of wealth concentration.

Lok Sabha elections as good as rigged: Jean Dreze

Lok Sabha elections as good as rigged: Jean Dreze

Rediff.com14 Apr 2024

Development economist Jean Dreze said the Indian democracy is currently navigating a crisis that is not only limited to the 'recent wave of authoritarianism' but also suppression of opposition voices by the ruling Bharatiya Janata Party.

How Do We Prepare For LA 2028? We Don't.

How Do We Prepare For LA 2028? We Don't.

Rediff.com15 Aug 2024

You don't prep for 2028 but for 2040, or even 2044. Sustained sporting excellence is based on mass support, grassroots development, and funding - and it is this trifecta India needs to work on, systematically, asserts Prem Panicker.

NEET row: NTA DG shunted out; Centre orders CBI probe

NEET row: NTA DG shunted out; Centre orders CBI probe

Rediff.com23 Jun 2024

The Centre on Saturday night announced that the probe into alleged irregularities in the medical entrance exam NEET will be handed over to the CBI for a comprehensive investigation.

Health check for healers: The big audit firms are under the NFRA lens

Health check for healers: The big audit firms are under the NFRA lens

Rediff.com17 Jan 2024

In recent times, more and more audit firms have challenged company managements, some going to the extent of resigning on the ground of incompatibility with what the management wanted or was doing. This, said Ajay Bhushan Pandey, chairman of the National Financial Regulatory Authority (NFRA), in a media interview, was a good sign. Now, the national accounting watchdog has turned the spotlight on audit firms themselves.

Delhi chokes on thick smog as air quality remains severe

Delhi chokes on thick smog as air quality remains severe

Rediff.com8 Nov 2023

Air quality in Delhi and its suburbs dropped to the severe category again on Wednesday morning, with smoke from post-harvest paddy straw burning in neighbouring states accounting for one-third of the air pollution in the national capital.

Future of digital payments in India

Future of digital payments in India

Rediff.com20 Mar 2024

'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'

Nearly every Indian household has a bank account

Nearly every Indian household has a bank account

Rediff.com12 Feb 2015

More than 127 million new bank accounts have been opened.

Electoral bond scheme deserved improvement, not scrapping: Amit Shah

Electoral bond scheme deserved improvement, not scrapping: Amit Shah

Rediff.com16 Mar 2024

Noting that he fully respects the Supreme Court order on electoral bonds, Union Home Minister Amit Shah on Friday said the scheme was introduced to end black money in politics and added that it should have been improved rather than scrapped.

PSU banks urged to review their gold loan portfolio

PSU banks urged to review their gold loan portfolio

Rediff.com13 Mar 2024

The finance ministry has directed all state-owned banks to review their gold loan portfolio as instances of non-compliance with regulatory norms have been noticed by the government. The Department of Financial Services (DFS) in a communication addressed to heads of public sector banks has asked them to look at their system and processes related to gold loan. "We have asked banks to undertake comprehensive review of the gold loan business," financial services secretary Vivek Joshi told PTI.

Not James Bond movie ....: HC on repeated pleas for Kejriwal's removal as CM

Not James Bond movie ....: HC on repeated pleas for Kejriwal's removal as CM

Rediff.com10 Apr 2024

Observing that the petitioner was "making a mockery of the system", the court said, "Rs 50,000 costs on you. We will pass the order."

Lack of domestic capital a hurdle for startups: Infosys co-founder Murthy

Lack of domestic capital a hurdle for startups: Infosys co-founder Murthy

Rediff.com19 Jan 2024

The availability of domestic capital to fund startups and an ability to attract talent in the early days are among the biggest challenges faced by entrepreneurs, Infosys co-founder N R Narayana Murthy said on Thursday. "It is desirable to create a policy that makes it attractive for domestic institutions like family offices of HNIs (high net-worth individuals), insurance companies or large corporations to invest in venture capital funding," he said at the T N Chaturvedi Memorial Lecture 2024 in New Delhi's Prime Ministers' Museum and Library.

Israel claims Hamas rocket downed Gaza hospital

Israel claims Hamas rocket downed Gaza hospital

Rediff.com18 Oct 2023

However, Palestinian Ambassador to the United Nations, Riyad Mansour countered the Israeli prime minister's claim.

Indian forces have transformed to meet diverse warfare challenges: IAF chief

Indian forces have transformed to meet diverse warfare challenges: IAF chief

Rediff.com14 Jan 2024

The Indian Air Force, in particular, has grown from a very modest beginning just about 90 years ago, to being "one of the most formidable air forces in the world", the IAF chief said.

Oppn hails electoral bonds ruling, takes swipe at BJP

Oppn hails electoral bonds ruling, takes swipe at BJP

Rediff.com15 Feb 2024

Leaders of several opposition parties on Thursday hailed the Supreme Court verdict striking down the electoral bonds scheme and termed it an important step in ensuring transparency in electoral funding.

Legion now hacks accountants' data

Legion now hacks accountants' data

Rediff.com14 Dec 2016

The hacking group say they will release information on those who help mask the rich.

'Despite Covid we don't care about health'

'Despite Covid we don't care about health'

Rediff.com7 Feb 2024

'The first duty of the government is to learn lessons from a bad experience and course correct. It's a pity that the government is making policy without looking at evidence and differentiating between immediate and urgent.'

Why foreign brokerages remain bullish on Paytm stock

Why foreign brokerages remain bullish on Paytm stock

Rediff.com5 Mar 2024

Shares of One97 Communications (OCL), which provides financial services under the brand 'Paytm', and has a banking arm Paytm Payments Bank (PPBL), hit the 5 per cent upper circuit at Rs 428.10 on the National Stock Exchange (NSE) in Monday's (February 26) intraday trade. The up move in the stock on Monday came after the Reserve Bank of India (RBI) asked the National Payments Corporation of India (NPCI), in post stock market hours, to look into the possibility of migrating PPBL customers, using the UPI handle '@paytm', to four-to-five other banks.

RBI proposes stringent norms for wilful defaulters

RBI proposes stringent norms for wilful defaulters

Rediff.com21 Sep 2023

The Reserve Bank on Thursday proposed tighter norms for treatment of wilful defaulters under which banks and other lenders will be required to examine all accounts with outstanding amount of Rs 25 lakh and more to see if the borrower is deliberately not repaying the loan. The central bank has issued a 'Draft Master Direction on Treatment of Wilful Defaulters and Large Defaulters' on which comments have been invited till October 31. According to Reserve Bank of India (RBI), the draft Master Direction expands the scope for regulated entities which can classify borrowers as wilful defaulters and broadens the definition of wilful default.

Rediff's Wave Rider Retires!

Rediff's Wave Rider Retires!

Rediff.com1 Nov 2024

We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.

COP28 clinches deal on transition away from fossil fuels

COP28 clinches deal on transition away from fossil fuels

Rediff.com13 Dec 2023

Adopted after nearly two weeks of hectic negotiations, the first Global Stocktake deal, being termed the UAE consensus, urges countries to accelerate efforts toward the phase-down of unabated coal power, which is a climb down after India and China strongly resisted the singling out of coal.

Manmohan vs Modi Debate: India Is The Loser

Manmohan vs Modi Debate: India Is The Loser

Rediff.com19 Feb 2024

False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.

CAG audit of GST reveals systemic flaws, not just glitches

CAG audit of GST reveals systemic flaws, not just glitches

Rediff.com28 Aug 2019

The CAG audit and other data suggests it could be far from the efficient new alternative that was once conceptualised. A conclusive review remains elusive till the government begins to release more granular and comparable data on the complex backend of GST to a deeper scrutiny, by researchers, auditors and the public.

2 super high altitude firing ranges made in Arunachal

2 super high altitude firing ranges made in Arunachal

Rediff.com4 Oct 2023

Two super high altitude firing ranges were made available to the armed forces for the practice of various kinds of weapons and surveillance equipment in Arunachal Pradesh within an aerial distance of 50 kilometres from the highly sensitive Line of Actual Control, sources said.

'India Offers Once In A Lifetime Opportunity To Create Wealth'

'India Offers Once In A Lifetime Opportunity To Create Wealth'

Rediff.com3 May 2024

'We see mid-and small-caps as a real pot of gold.' 'From a 10-15 years perspective, mid-and small-cap are likely to outperform the larger index, as they have done in the past.'

MFs Vs NPS? What Suits YOU?

MFs Vs NPS? What Suits YOU?

Rediff.com3 Jun 2024

Ramalingam Kalirajan explains the pros and cons of both investment types.

Amid strained ties, Trudeau joins G-20 meet; and says...

Amid strained ties, Trudeau joins G-20 meet; and says...

Rediff.com23 Nov 2023

Canadian Prime Minister Justin Trudeau highlighted the importance of coordinated G20 leadership and action to uphold the rule of law and international law and strengthen democratic systems, as he participated in a virtual G20 Leaders' Summit hosted by India.

Who Fared Better On Economy? Modi Or Manmohan

Who Fared Better On Economy? Modi Or Manmohan

Rediff.com15 Feb 2024

Whether it was the MGNREGS or the NFSA or the Aadhaar-based DBT scheme for cash transfer, the Modi government has built on the basic architecture created by the Singh government. Policy makers in the Modi government, instead of discarding them as products of the previous political regime, worked on them, expanded their scope and reach, and used new tools to improve their performance, explains A K Bhattacharya.

Consensus remains elusive on common BRICS currency

Consensus remains elusive on common BRICS currency

Rediff.com23 Aug 2023

Consensus remained elusive on a common BRICS currency as business leaders from the five-bloc nations debated the pivotal issue at a business forum on the periphery of a summit of the five-member bloc being hosted here by South Africa. In their two addresses at the Summit so far, the leaders of Brazil, Russia, India, China and South Africa have made no or scant references to the issue either. "The BRICS Business Forum discussed the international payments system in detail. "Participants also debated the question of whether a BRICS currency is possible or desirable, with strong views expressed both for and against and little consensus reached," Sim Tshabalala, chief executive of Standard Bank Group, told several hundred captains of industry from the partner countries and over 40 other nations across the globe at the Summit.

Has Paytm Woken Up Too Late?

Has Paytm Woken Up Too Late?

Rediff.com20 Feb 2024

Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.

'EVMs are the most credible system available'

'EVMs are the most credible system available'

Rediff.com31 May 2018

'I know most of the politicians in this country and I know how fair-weather friends they can be.' 'If they get defeated in elections, they will blame it upon something that cannot respond to their allegations like the EVMs.'

Want To Know Where To Invest? Read This

Want To Know Where To Invest? Read This

Rediff.com18 Apr 2024

A portfolio can be rebalanced by either selling a portion of the outperforming asset class or by buying more of the underperforming asset class.

How We Can Have A Credible NIRF Ranking

How We Can Have A Credible NIRF Ranking

Rediff.com6 Apr 2023

Whenever there is an evaluation scheme, it is human tendency to score as high as possible. None would like to highlight their shortcomings, and everyone likes to highlight their positives. This is what is happening in this context of rankings as well, points out Profesor N Ravichandran.

Wanted! A National Security Strategy

Wanted! A National Security Strategy

Rediff.com31 May 2021

India's national security strategy needs to be revised periodically since the global and regional geopolitical situation is dynamic, points out Commodore Venugopal Menon (retd).