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

PSU Disinvestment: Modi Missing The Bus

PSU Disinvestment: Modi Missing The Bus

Rediff.com3 Oct 2023

'Inter-ministerial coordination, information on the proposed PSUs, and due diligence are taking longer than expected to conclude the process.'

SS Mundra assumes office as RBI Deputy Governor

SS Mundra assumes office as RBI Deputy Governor

Rediff.com31 Jul 2014

Mundra fills the vacancy created by the retirement of KC Chakrabarty in April, two months before his five-year tenure was come to an end.

RBI staff go on mass leave today

RBI staff go on mass leave today

Rediff.com19 Nov 2015

RBI wants periodic revision of the pensions for its retired employees.

Highlights of Union Budget 2022-23

Highlights of Union Budget 2022-23

Rediff.com1 Feb 2022

Finance Minister Nirmala Sitharaman presents her fourth Budget in Lok Sabha on Tuesday.

India changing tax laws for stability, predictability: Jaitley

India changing tax laws for stability, predictability: Jaitley

Rediff.com21 Jan 2016

In several areas, the Indian government has put out a model law.

Modi refers to 'Quit India' to target opposition bloc

Modi refers to 'Quit India' to target opposition bloc

Rediff.com6 Aug 2023

Prime Minister Narendra Modi on Sunday accused the opposition of playing 'negative politics' and said now the entire country is rooting for corruption, dynasty and appeasement to 'quit India'.

India to clock GDP growth of 6.5% in FY'24; to meet fiscal deficit target of 5.9%: CEA

India to clock GDP growth of 6.5% in FY'24; to meet fiscal deficit target of 5.9%: CEA

Rediff.com1 Sep 2023

Chief Economic Advisor V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August. India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the year-ago period. India's economy in Q1 grew at the fastest pace in a year, on the shoulders of a boost in capital expenditure both at central and state levels, along with stronger consumption demand, especially in rural areas, and improved performance in the services sector, he said.

How to make money from the US-China trade war

How to make money from the US-China trade war

Rediff.com16 Apr 2018

Move 10 per cent of your portfolio to the yellow metal.

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'.

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.

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.

Rs 900 Crores Cyber Scams Prevented!

Rs 900 Crores Cyber Scams Prevented!

Rediff.com6 Dec 2023

...benefiting 350,000 persons. Also, Trai detected and blocked seven million mobile phone connections involved in cyber fraud and suspicious activities.

Centre notifies rules under anti-paper leak law

Centre notifies rules under anti-paper leak law

Rediff.com24 Jun 2024

The Centre on Monday made public the rules under the recently-notified anti-paper leak law, mandating the National Recruitment Agency (NRA) to prepare norms, standards and guidelines for the computer-based tests among others.

India, A Miracle And A Wonder

India, A Miracle And A Wonder

Rediff.com16 Aug 2023

'There are many things we need to work on.' 'At the heart of it is, one, the extent of inequality, which is not good for democracy and nation; two, a structural decline on how a country ought to function, how people should be held accountable, whose role is what.'

What You Can Now Expect Every Election

What You Can Now Expect Every Election

Rediff.com6 Dec 2024

A freebie once granted can hardly be discontinued. All that can happen is to substitute it with a bigger freebie, notes A K Bhattacharya.

Stage set for MVA vs Mahayuti as Maha to vote tomorrow

Stage set for MVA vs Mahayuti as Maha to vote tomorrow

Rediff.com19 Nov 2024

The Maharashtra Assembly elections are taking place today, with the ruling BJP-led Mahayuti alliance seeking to retain power and the Maha Vikas Aghadi (MVA) hoping for a comeback. The campaign saw prominent leaders like Narendra Modi, Amit Shah, Rahul Gandhi, and Priyanka Gandhi Vadra crisscrossing the state to garner votes. The Mahayuti is banking on popular schemes while the MVA focuses on issues like caste-based census and social justice. The elections have also seen a significant rise in the number of candidates and voters.

BJP Concedes AIADMK Demands In Eagerness For Alliance

BJP Concedes AIADMK Demands In Eagerness For Alliance

Rediff.com26 Mar 2025

EPS has had its way on most things, alliance-wise. A week earlier, he reiterated that he would not re-admit OPS and Sasikala Natarajan back in the party. It was a message not just to detractors in the AIADMK. It was even more so for the BJP leadership in Delhi. Even more important for the AIADMK was their demand for accepting EPS as the chief ministerial candidate of any alliance that the party would form, observes N Sathiya Moorthy.

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.

Ukraine war an important point of discussion at G20 FMs' meet: India

Ukraine war an important point of discussion at G20 FMs' meet: India

Rediff.com1 Mar 2023

Foreign Secretary Vinay Kwatra on Wednesday refused to speculate on whether the G20 foreign ministers' meeting would be able to come out with a joint communique against the backdrop of widening differences between the West and Russia on the Ukraine conflict.

Art 370 won't be restored even if Indira Gandhi returns: Amit Shah

Art 370 won't be restored even if Indira Gandhi returns: Amit Shah

Rediff.com13 Nov 2024

Union Home Minister Amit Shah on Wednesday asserted that Article 370, which granted special status to Jammu and Kashmir, will not be restored even if Congress stalwart and late PM Indira Gandhi comes down from heaven.

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.

Will disclose electoral bonds details in time: CEC

Will disclose electoral bonds details in time: CEC

Rediff.com13 Mar 2024

The assertion comes in the wake of the Supreme Court directing the SBI to submit the details of the electoral bonds purchased since April 12, 2019 to the EC.

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.

ED seeks FCRA probe into AAP's Rs 7-cr foreign funding; party says BJP plot

ED seeks FCRA probe into AAP's Rs 7-cr foreign funding; party says BJP plot

Rediff.com20 May 2024

The Aam Aadmi Party dismissed the allegation as "baseless" and claimed it was "another conspiracy hatched by the BJP" to tarnish AAP's image ahead of voting for Lok Sabha seats in Delhi and Punjab.

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.

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.

TN govt powers Foxconn residence for 18K women

TN govt powers Foxconn residence for 18K women

Rediff.com16 Aug 2024

The Tamil Nadu government is set to unveil a housing initiative for 18,720 women employed by Taiwanese tech giant Foxconn, a key supplier to iPhone-maker Apple, this Saturday. The project, located at Vallam Vadagal near Chennai, marks the first time an Indian state government has constructed a hostel of this scale for a private firm - a model that's been successful in China and Vietnam.

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%.

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.

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

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.

Uddhav handed over 'remote control' to Congress: Modi in Mumbai

Uddhav handed over 'remote control' to Congress: Modi in Mumbai

Rediff.com15 Nov 2024

Prime Minister Narendra Modi on Thursday mocked Shiv Sena (UBT) chief Uddhav Thackeray for "handing over the remote control" of the party to the Congress as he took poll battle to Mumbai with less than a week left for voting in Maharashtra.

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).

'Industry Has To Help Us'

'Industry Has To Help Us'

Rediff.com16 Aug 2024

'There will be 200 ITIs developed as hubs, while 800 will be developed as spoke, connected with five National Skill Training Institutes.'

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.

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.

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.

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."