News for 'System of National Accounts'

A Rainy Day Check-List for Chennaiites

A Rainy Day Check-List for Chennaiites

Rediff.com18 Dec 2023

If only you had thought ahead, you would have stocked snacks and biscuits, bread and cake, and vegetables suited for Amma or pondatti to make your favourite bajji and pakoda, observes N Sathiya Moorthy.

The Perils Of Democracy In Pakistan

The Perils Of Democracy In Pakistan

Rediff.com26 May 2023

Pakistan still has to acquire the patience you need in a democracy. The patience to accept that even if I do not like the government I have, I must wait till the next election to change it, explains Shekhar Gupta.

India abstains on resolution calling for Russia to pay reparations

India abstains on resolution calling for Russia to pay reparations

Rediff.com15 Nov 2022

India abstained in the United Nations General Assembly on a draft resolution calling for Russia to be held accountable for violations of international law by its invasion of Ukraine and requiring Moscow to pay reparations to Kyiv for damages, loss and injury resulting from the war.

Bourses step up scrutiny of investors from Sikkim

Bourses step up scrutiny of investors from Sikkim

Rediff.com10 Aug 2022

Stock exchanges have increased scrutiny of investors domiciled in Sikkim, following reports of illegal routing of investments through the Northeast state to evade taxes. The National Stock Exchange (NSE) has directed its trading members (brokers) to re-verify and certify investors who have declared their permanent address as Sikkim. Further, brokers have been told to maintain a vigil on the location of devices used by Sikkim-based clients for trading to ensure these are genuine investors from the region.

'The agenda is 'insurance for all by 2047''

'The agenda is 'insurance for all by 2047''

Rediff.com31 Dec 2023

'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'

The Theme Of Budget 2023 Will Be....

The Theme Of Budget 2023 Will Be....

Rediff.com13 Jan 2023

'It has been an ongoing process, talking to the relevant ministries about eliminating leakages and curbing non-core expenditure in various schemes.'

Why 810 Million Indians Need Free Rations

Why 810 Million Indians Need Free Rations

Rediff.com20 Nov 2023

Is it a case of poor targeting of a welfare scheme, or is it a reflection of the government's desire to expand the scope of this benefit to secure greater electoral dividends? asks A K Bhattacharya.

Why Auditors Quitting Big Clients Is Complicated

Why Auditors Quitting Big Clients Is Complicated

Rediff.com18 Sep 2023

Auditors seem to have developed a heightened sense of risk and are not content to tick the boxes and sign the papers.

Rs 1.25 lakh cr black money confiscated by Modi govt: Ashwini Vaishnaw

Rs 1.25 lakh cr black money confiscated by Modi govt: Ashwini Vaishnaw

Rediff.com12 Dec 2022

Black money to the tune of "Rs 1.25 lakh crore" has been confiscated by the Modi government, Union Minister Ashwini Vaishnaw said on Monday and asserted transparency is a key aspect of the present dispensation's good governance model. The minister for railways said similarly, to ensure transparency, benami properties worth Rs 4,300 crore were attached and registration of 1.75 lakh companies cancelled. Talking to reporters at the Rail Bhawan, Vaishnaw said in his long public service, Prime Minister Narendra Modi has "perfected a model of good governance that started in Gujarat".

Shehbaz Sharif set to become next PM of Pakistan

Shehbaz Sharif set to become next PM of Pakistan

Rediff.com10 Apr 2022

With the Sharif family set to return to power in Pakistan amid the fast-deteriorating economic situations and political instability, it is to be seen if Shehbaz Sharif infuses fresh energy into the system, or the much-tainted family continues to resort to its old ways.

'There is not a major worry on the price front'

'There is not a major worry on the price front'

Rediff.com7 Sep 2023

'I believe that as we produce more, our cost will come down further. We will maintain our competitiveness.'

Modiji, Do You Have A Plan To Improve Education?

Modiji, Do You Have A Plan To Improve Education?

Rediff.com30 Jan 2023

When was the last time we heard this government speaking of the disaster in primary education, rather than Ganga cruises and cheetahs? Less money -- Rs 88,000 crore -- was spent by the Union government on education in its last Budget than has been allocated to the Bullet train, notes Aakar Patel.

'BCCI is a bully; it has absolutely zero accountability'

'BCCI is a bully; it has absolutely zero accountability'

Rediff.com5 Dec 2015

Ian Chappell, Bishen Singh Bedi, others tear into the Indian cricket administration

'Modi retains an advantage nationally'

'Modi retains an advantage nationally'

Rediff.com9 Jun 2020

'Right now, politics is operating in a state of suspended animation. That works to Modi's advantage.'

GDP is a measure of income, not of output: Pronab Sen

GDP is a measure of income, not of output: Pronab Sen

Rediff.com11 Feb 2016

'Everyone confuses GDP to be a measure of output, when it is actually a measure of income.'

Guidelines to improve quality control at audit firms in place

Guidelines to improve quality control at audit firms in place

Rediff.com21 Nov 2022

The National Financial Reporting Authority (NFRA) has issued guidelines to inspect select audit firms to identify areas and opportunities for improvement in the audit firm's system of quality control, a statement said. "Inspections will consist firm-wide review of audit quality and individual file reviews on test-check basis to evaluate the level of compliance with applicable auditing standards and quality control policy and processes," NFRA said. The selection of the audit firm or the auditor for such inspection by NFRA would be based on assessment of risks in the audit environment.

Breaking Up Business Groups Would Create More Problems

Breaking Up Business Groups Would Create More Problems

Rediff.com8 Jun 2023

Policies to break down the business group format are far more likely to be effective, argues Simon Commander.

Can Modi Broker Peace In Ukraine?

Can Modi Broker Peace In Ukraine?

Rediff.com10 Apr 2023

Only the future will tell if Modi can leave his mark on the Ukraine crisis. Nonetheless, it is both a challenge and an opportunity for India's diplomacy, notes Rup Narayan Das.

Odisha train mishap: Railways seeks CBI probe, here's why

Odisha train mishap: Railways seeks CBI probe, here's why

Rediff.com4 Jun 2023

Railway officials also indicated that possible 'sabotage' and tampering with the electronic interlocking system, which detects the presence of trains, led to the Friday accident.

It's becoming difficult for Putin to fund Ukrainian war: US

It's becoming difficult for Putin to fund Ukrainian war: US

Rediff.com6 Apr 2022

The White House is planning another set of sanctions on Russia. This is likely to be announced on Wednesday.

Role of creditors to be probed in Nitin Desai death case: Fadnavis

Role of creditors to be probed in Nitin Desai death case: Fadnavis

Rediff.com3 Aug 2023

Shelar demanded that Desai's death should not be treated just as a case of accidental death, but must be dealt with from a larger perspective.

How Adani Saga Affects Indian Banks

How Adani Saga Affects Indian Banks

Rediff.com27 Feb 2023

While the collapse of a large financial intermediary can wreak havoc on the system because of the interconnectivity, a large business conglomerate too can play spoilsport if the banks have too much exposure to the entity, explains Tamal Bandyopadhyay.

'Narasimha Rao was a prime minister with an open mind'

'Narasimha Rao was a prime minister with an open mind'

Rediff.com2 May 2023

'Narasimha Rao asked me why China was doing so well in attracting foreign investments and I gave my frank opinion.' 'I told him that giving thrust to exports had to be a national effort.' 'But in India, the system was very centralised in the Government of India and the state governments had no role to play.'

Govt acts tough against Greenpeace India, freezes bank accounts

Govt acts tough against Greenpeace India, freezes bank accounts

Rediff.com9 Apr 2015

In a tough action, the Government on Thursday barred Greenpeace India from receiving foreign funds with immediate effect by suspending its licence for six months and froze all its accounts, alleging it has "prejudicially" affected the country's public and economic interests.

Ganguly wins maiden National 'A' chess title

Ganguly wins maiden National 'A' chess title

Rediff.com20 Dec 2003

Grandmaster Sandipan Chanda also tallied an identical 17.5 points in the 23-round event, but Ganguly won on a superior tie-break score.

How Aadhaar promotes a digital caste system

How Aadhaar promotes a digital caste system

Rediff.com4 Oct 2017

The linking of biometric UID/Aadhaar number to all public services makes "We, the People of India" worse than slaves, says Gopal Krishna.

Factors that will sustain Abbott outperformance

Factors that will sustain Abbott outperformance

Rediff.com22 Mar 2023

Abbott India outperformed the Indian pharmaceutical market (IPM) with a year-on-year (YoY) growth of 23 per cent in February. The domestic market grew at a robust 20 per cent on a low base, primarily led by volume growth and price hikes. Abbott continued to outperform the sector in the anti-diabetic space with a growth of 20 per cent and key brands such as Thyronorm (hypothyroidism), biliary agent Udiliv, insulin Ryzodeg posted robust growth.

'Aadhar is a national security threat'

'Aadhar is a national security threat'

Rediff.com31 Mar 2017

'The government that is talking all the time about national security and national interests should be concerned.' 'When national interests are jeopardised by their own project, they should pause and listen.' 'Whether it is the BJP or the Congress, they all want control over the people.' 'They don't give a damn if anything happens to the people of the country; they are only interested in what they can get out of the data.'

A nation of tax avoiders?

A nation of tax avoiders?

Rediff.com7 Mar 2017

Exemptions, and the fact that farm income is outside the tax net, ensure that India's tax-GDP ratio stays low.

Where does Modi's Hindu nationalism go from here?

Where does Modi's Hindu nationalism go from here?

Rediff.com6 Nov 2019

'Will Muslims in large numbers react positively, especially in the context of the events of the last thirty years?' 'In the process, could Modi end up alienating his core supporters?' A fascinating excerpt from Jaithirth Rao's The Indian Conservative : A History of Indian Right-Wing Thought.

Aggrieved social media users can now appeal against platform's decision

Aggrieved social media users can now appeal against platform's decision

Rediff.com28 Feb 2023

In a move that is bound to spell relief for social media users, the government on Tuesday launched the much-awaited grievance appellate committee (GAC) mechanism that will allow users to appeal against decisions of social media platforms by filing their complaints on a new portal.

'There can't be wholesale changes in the collegium system': SC

'There can't be wholesale changes in the collegium system': SC

Rediff.com3 Nov 2015

The Supreme Court on Tuesday ruled out making "wholesale changes" in the collegium system of appointment of judges for higher judciary.

Health expenditure's share in GDP down

Health expenditure's share in GDP down

Rediff.com7 Dec 2021

The share of total health expenditure as part of the gross domestic product (GDP) went down to 3.3 per cent in 2017-18 from 3.8 per cent in the previous two years, according to the national health account data released on Monday by the health ministry. The share of government expenditure as part of total expenditure as well as GDP has gone up from from 3.78 per cent to 5.12 per cent between 2013-14 and 2017-18, which could also explain a decline seen in out of pocket expenditure in 2017-18. Health ministry also emphasised the increase in the government health expenditure as part of the total GDP from 1.15 per cent in 2013-14 to 1.35 per cent in 2017-18.

Are markets being 'blind' to inflation risks?

Are markets being 'blind' to inflation risks?

Rediff.com28 Feb 2023

Elevated food price-led inflation could become a sore point for markets, which they seem to be ignoring at current levels, observe analysts. Retail inflation in India - as measured by the Consumer Price Index (CPI) - came in at a three-month high of 6.52 per cent in January 2023, compared with 5.72 per cent in December and 5.88 per cent in November 2022. The inflation print for February, according to Madan Sabnavis, chief economist at Bank of Baroda, will be critical for the Reserve Bank of India's monetary policy committee.

Didn't hesitate in raising our voice: India on 2-year UNSC presidency

Didn't hesitate in raising our voice: India on 2-year UNSC presidency

Rediff.com23 Dec 2022

India on Thursday (local time) wrapped up its December Presidency of the United Nations Security Council with a special focus on terrorism, Global South and maritime security.

How to make urban development projects more accountable

How to make urban development projects more accountable

Rediff.com7 Jul 2015

Implementation of the reforms through a special purpose vehicle is a way to seek greater accountability.

Jan Dhan Yojana turns 6, has 40 crore beneficiaries, says govt

Jan Dhan Yojana turns 6, has 40 crore beneficiaries, says govt

Rediff.com28 Aug 2020

"The PMJDY has been the foundation stone for the Modi government's people-centric economic initiatives. "Whether it is direct benefit transfers, Covid-19 financial assistance, PM-KISAN, increased wages under MGNREGA, life and health insurance cover, the first step was to provide every adult with a bank account, which PMJDY has nearly completed," Nirmala Sitharaman said on the sixth anniversary of the scheme.

How govt employees can be made accountable

How govt employees can be made accountable

Rediff.com24 Aug 2016

Privatisation is still regarded as beyond the pale but public-private partnerships have gained in popularity.

The Politics Of Freebies

The Politics Of Freebies

Rediff.com22 May 2023

Why did Karnataka's economic prosperity fail to influence the nature of electoral promises made by political parties in the run-up to the assembly elections? asks A K Bhattacharya.