News for 'Union Bank of India and Central Bank of India'

Do You Need To Get A New PAN Card?

Do You Need To Get A New PAN Card?

Rediff.com29 Nov 2024

First things first: For those wondering if they need to reapply, the answer is no.

Note ban part of strategy to combat black money, terror funding: Centre to SC

Note ban part of strategy to combat black money, terror funding: Centre to SC

Rediff.com16 Nov 2022

The submissions were made in an affidavit filed in response to a batch of pleas challenging the Centre's 2016 demonetisation decision.

Govt to make overtures to unions to call off Sept 2 stir

Govt to make overtures to unions to call off Sept 2 stir

Rediff.com25 Aug 2015

The Left unions want concrete action and not just 'assurances'.

No Indian loses citizenship due to CAA: Amit Shah

No Indian loses citizenship due to CAA: Amit Shah

Rediff.com13 Mar 2024

Prime Minister Narendra Modi has honoured Hindu, Buddhist, Sikh and Jain refugees by giving them citizenship through Citizenship (Amendment) Act (CAA), Union home minister Amit Shah said on Tuesday and maintained there is no provision of stripping of anyone's citizenship in the new law.

Sitharaman and Das: Like Dhoni and Jadeja

Sitharaman and Das: Like Dhoni and Jadeja

Rediff.com7 Jan 2022

When it comes to running between the wickets -- which is exactly what an FM and a governor do -- Jadeja always defers to Dhoni's larger judgement of the situation and the needs of the team, observes T C A Srinivasa-Raghavan.

Lenders asked to boost export credit

Lenders asked to boost export credit

Rediff.com12 Jul 2013

Banks want lower provisioning burden on recast debt, interest on cash reserve ratio deposits.

'Budget Focus Will Be On Growth, Jobs'

'Budget Focus Will Be On Growth, Jobs'

Rediff.com16 Jul 2024

'There is no immediate threat to the government, and they would prefer the growth agenda.'

National pension system added 21.5% fewer corporate subscribers in 2023

National pension system added 21.5% fewer corporate subscribers in 2023

Rediff.com4 Mar 2024

The National Pension System (NPS) added 21.5 per cent fewer fresh subscribers under the corporate segment in 2023 compared to the preceding year. Government officials and experts attribute it to the higher exemption limit of income tax of Rs 7 lakh announced in the FY24 Budget that no more requires employees under this income bracket to opt for NPS for tax-saving purposes. Data collated from the Ministry of Statistics and Programme Implementation (MoSPI) reveals that the corporate component is voluntary in nature and saw 158,212 new subscribers in 2023 compared to 201,517 during 2022.

UP Dalits abandon BJP? Wins 8 of 17 SC seats, lowest in 3 polls

UP Dalits abandon BJP? Wins 8 of 17 SC seats, lowest in 3 polls

Rediff.com5 Jun 2024

The BJP had registered a one-sided victory on all the 17 SC-reserved seats in the 2014 Lok Sabha elections. But in 2019, out of these 17 seats, it lost Nagina and Lalganj seats to the Bahujan Samaj Party.

Govt allocates Rs 928 cr to CBI, down by Rs 40 cr from FY 2024

Govt allocates Rs 928 cr to CBI, down by Rs 40 cr from FY 2024

Rediff.com1 Feb 2024

The agency had received Rs 946.51 crore to manage its affairs in the Budget Estimates for 2023-24, which was later increased to Rs 968.86 crore in the Revised Estimates.

Bharat bandh enters day 2; normal life hit in parts of country

Bharat bandh enters day 2; normal life hit in parts of country

Rediff.com29 Mar 2022

According to reports, public transport and banking services remain partly disrupted for the second day in some states.

Budget Good 1st Act. RBI's Monetary Policy 2nd

Budget Good 1st Act. RBI's Monetary Policy 2nd

Rediff.com4 Feb 2023

Let's wait for the monetary policy on February 8 -- to see how it complements the fiscal commitments, points out Tamal Bandyopadhyay.

India more secure, free of corruption after 2014: Modi

India more secure, free of corruption after 2014: Modi

Rediff.com31 May 2022

At the rally in Shimla's Ridge Maidan to mark the eighth anniversary of becoming prime minister, Modi said, "Now our borders are more secure than they were before 2014."

Food Bill: Lessons India should have learnt from Soviet Union

Food Bill: Lessons India should have learnt from Soviet Union

Rediff.com10 Sep 2013

By throwing food at poverty that is result of faulty economics and lack of jobs, one is only trying to suicidal path.

'For better growth figures, we need healthier banks'

'For better growth figures, we need healthier banks'

Rediff.com16 May 2016

Arun Jaitley interview.

I-T sleuths raid unrecognised political parties across India

I-T sleuths raid unrecognised political parties across India

Rediff.com7 Sep 2022

The income tax department on Wednesday conducted raids in multiple states as part of a pan-India tax evasion probe against certain registered unrecognised political parties (RUPP) and their alleged dubious financial transactions, official sources said.

DD airs The Kerala Story despite protest by CPM, Congress

DD airs The Kerala Story despite protest by CPM, Congress

Rediff.com6 Apr 2024

The Congress in Kerala on Friday approached the Election Commission of India (ECI) against the decision of Doordarshan to telecast the controversial movie The Kerala Story, saying it was a 'tacit effort' to divide society on religious grounds to further the electoral prospects of the ruling Bharatiya Janata Party.

Greece crisis: India still a reasonable investment destination

Greece crisis: India still a reasonable investment destination

Rediff.com6 Jul 2015

As regards India, market valuations already reflect most positives.

Who Can Dethrone The US Dollar?

Who Can Dethrone The US Dollar?

Rediff.com24 Jul 2023

Policymakers should aspire to restore the pre-Independence environment where the rupee was trusted and used all over South Asia, in Southeast Asia, in West Asia, and in East Africa, suggests Ajay Shah.

Modi Bluster Missing From Budget

Modi Bluster Missing From Budget

Rediff.com26 Jul 2024

With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.

Govt to audit banking tech to check cyber crime

Govt to audit banking tech to check cyber crime

Rediff.com15 Dec 2016

Computer emergency response teams will be strengthened with ethical hackers who will respond to cyberattacks.

Markets sink as Budget session begins

Markets sink as Budget session begins

Rediff.com23 Feb 2016

Mixed global cues and decline in crude oil prices further dent the sentiments.

Rotomac owner Vikram Kothari arrested over Rs 3,695 crore loan default

Rotomac owner Vikram Kothari arrested over Rs 3,695 crore loan default

Rediff.com22 Feb 2018

The CBI has initiated the action on the complaint of Bank of Baroda, which was a member of consortium led by Bank of India, which had approached the agency fearing that Kothari may flee the country like Nirav Modi and his uncle Mehul Choksi.

RBI issues more sops to contain coronavirus fallout

RBI issues more sops to contain coronavirus fallout

Rediff.com1 Apr 2020

The RBI on Wednesday provided more time to exporters to collect payment of goods and software sold to overseas buyers and repatriate that to India, as the central bank announced more measures to deal with the economic fallout of the Covid-19 pandemic. The central bank has also decided to increase the limit of advances it gives to states and UTs by 30 per cent under the Ways and Means (WMA).

Govt rules out fresh PSB merger proposal

Govt rules out fresh PSB merger proposal

Rediff.com3 Aug 2021

Experts attribute the lower target to increased allocation under the credit guarantee scheme for small businesses. Out of the Rs 3.21 trillion worth loans sanctioned under the Pradhan Mantri Mudra Yojana (PMMY) in the last financial year, Rs 3.12 trillion were disbursed to entrepreneurs, according to official data.

GST compensation row: FM's 'act of God' can be a nightmare for RBI

GST compensation row: FM's 'act of God' can be a nightmare for RBI

Rediff.com7 Sep 2020

The central bank is the money manager of the government, and not a guarantor of any debt.

Sensex, Nifty post best gain in a month

Sensex, Nifty post best gain in a month

Rediff.com30 Mar 2016

Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.

India to take up currency devaluation issue at G20

India to take up currency devaluation issue at G20

Rediff.com3 Sep 2015

The meet will focus on the recent global economic developments, challenges and collective measures to address them

'SIP Inflows Remained Robust'

'SIP Inflows Remained Robust'

Rediff.com28 Mar 2023

'Although mid- and small-cap funds have the potential for higher growth, they come with inherent higher volatility.'

Delhi-Alwar rapid rail: India in talks for $3 bn funding

Delhi-Alwar rapid rail: India in talks for $3 bn funding

Rediff.com7 Oct 2020

The project will be in three stages and sources indicate that the funding will be for the first stage of 107 kilometre from Sarai Kale Khan to SNB Urban Complex.

PNB fraud: 200 shell firms, benami assets under scanner

PNB fraud: 200 shell firms, benami assets under scanner

Rediff.com18 Feb 2018

The Enforcement Directorate, which continued its searches against Modi, Choksi and their companies for the fourth day on Sunday , is also moving to attach at least two dozen immovable properties under the Prevention of Money Laundering Act.

Budget likely to focus on growth, structural reforms: Report

Budget likely to focus on growth, structural reforms: Report

Rediff.com29 Jan 2021

The Budget, to be presented on February 1, is likely to be less worried about fiscal deficit and will be focused more on nursing the fragile growth, according to a Wall Street brokerage report. Bank of America Securities India expects the budget to peg "fiscal deficit at a high 5 per cent of GDP for FY22 and 7.2 per cent for FY21, as it is likely to step up capex, recap public sector banks, push asset sales to break government monopolies, offer sops for real estate, tax cuts for lower income groups and creation of a bad bank". Its house economists expect these spends to be funded by debt and partly by imposing a cess on high income groups and also by some non-fiscal measures like tapping the central bank's revaluation reserves and bank recapitalisation and infra bonds.

How India will be toll plaza free in 2 years

How India will be toll plaza free in 2 years

Rediff.com22 Dec 2020

The central government has finalised GPS-based toll collection to ensure seamless movement of vehicles across the country.

He helps Indian banks raise money in London

He helps Indian banks raise money in London

Rediff.com26 Aug 2016

In India post the success of masala and green bonds on the LSE, Nikhil Rathi tells Rajesh Bhayani that there are many international investors interested in buying into the India story

Fitch sees RBI holding interest rates through FY22

Fitch sees RBI holding interest rates through FY22

Rediff.com9 Apr 2021

Fitch Solutions sees RBI keeping benchmark interest rates unchanged during the fiscal to March 2022 following its decision to buy Rs 1 lakh crore of government bonds. "We had initially expected another policy rate cut to arrest the rise in government bond yields since the Union Budget announcement in February. "However, having an explicit bond purchase guidance from the RBI following the announcement of the G-SAP will also achieve a similar effect, if not even be more effective than a rate cut on capping the increase in bond yields," it said in a note. The Reserve Bank of India (RBI) held its policy repurchase (repo) rate unchanged at 4 per cent at its monetary policy meeting on April 7.

Amit Shah: If Rahul Gandhi becomes PM...

Amit Shah: If Rahul Gandhi becomes PM...

Rediff.com30 Jun 2023

He also targeted the Congress government in Rajasthan, saying that had it set up a special court in the Kanhaiya Lal murder case, which happened in Udaipur last year, the accused would have been hanged by now.

19 killed as heavy rains lash north India; rivers in spate

19 killed as heavy rains lash north India; rivers in spate

Rediff.com10 Jul 2023

The Northern Railways said it has cancelled around 17 trains and diverted around 12 others, while traffic has been suspended at four locations due to waterlogging.

Govt wants Rs 10,000 cr interim dividend from RBI to bridge fiscal gap

Govt wants Rs 10,000 cr interim dividend from RBI to bridge fiscal gap

Rediff.com31 Jan 2020

This demand comes at a time when the government is falling short of its revenue targets due to dwindling tax and low disinvestment receipts. It could account for the dividend in the upcoming Union Budget on February 1. RBI is, however, yet to take a final call on the government's demand and might decide on this at its central board meeting scheduled for February 15 in New Delhi.

ACU seeks tech boost to trade

ACU seeks tech boost to trade

Rediff.com16 Jun 2003

Central bank governors of the eight-nation Asian Clearing Union ended a two-day annual meeting on Monday, aiming for more members and a technological platform, which would ease exchange deals to help regional trade.\n\n\n\n