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

Fake voters' list row rocks Palakkad bypoll; EC warns of action

Fake voters' list row rocks Palakkad bypoll; EC warns of action

Rediff.com19 Nov 2024

The Election Commission has said it will allow suspected fake voters to cast their ballots in the Palakkad assembly by-poll, but will take action against them later. The CPI(M), Congress, and BJP have accused each other of enrolling fake voters. The by-poll is scheduled for November 20.

'India must have its place in the sun'

'India must have its place in the sun'

Rediff.com18 Sep 2023

'China seems more intent on creating a new world order rather than shaping the existing one.' 'India is of course, at this moment in time, aligned with the West-led order because of China's full-spectrum aggressive behaviour towards India.'

'I Never Take My Opponent's Name'

'I Never Take My Opponent's Name'

Rediff.com30 May 2024

'Even last time, when I defeated Shatrughan Sinha, I did not take his name.'

'Budget is not the last word on PSU banks' recapitalisation'

'Budget is not the last word on PSU banks' recapitalisation'

Rediff.com1 Mar 2016

Arun Jaitley addressed a post-Budget press conference.

Mallya's loan default case: CBI seeks help of four nations

Mallya's loan default case: CBI seeks help of four nations

Rediff.com17 Mar 2016

Officials of 17 banks which gave loan to Kingfisher Airlines and UB Group are also under the agency's scanner

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.

New Toll Data Collection Tool A Privacy Risk?

New Toll Data Collection Tool A Privacy Risk?

Rediff.com17 Sep 2024

The implementation of this toll collection system, which will eventually eradicate toll booths, necessitates the fitting of an on-board unit (OBU) in every vehicle that can track a vehicle's location in real time.

Long live vote-bank politics!

Long live vote-bank politics!

Rediff.com12 Mar 2021

Upholding principles was a luxury when there were charismatic leaders capable of winning elections without stooping low to indulge in identity politics, observes Virendra Kapoor.

How BRICS bank can affect world economics and politics

How BRICS bank can affect world economics and politics

Rediff.com18 Jul 2014

Borrowing from BRICS bank will help India avoid other kinds of politics emanating from the West. Overall, the BRICS institutions will necessarily adopt alternative ways of doing things based on their own cultural and socio economic needs, says M K Venu.

Nirmalaji May Stick To Fiscal Deficit Target

Nirmalaji May Stick To Fiscal Deficit Target

Rediff.com26 Jun 2024

'Any finality in such matters requires political views. We will review it closer to the full Budget.'

Now, private power firms may shock banks

Now, private power firms may shock banks

Rediff.com16 Aug 2013

Rs 50,000-cr loans for 15,000-Mw projects could be heading for restructuring.

Yogi Goes All Out For Flawless Mahakumbh

Yogi Goes All Out For Flawless Mahakumbh

Rediff.com24 Dec 2024

For Yogi Adityanath the successful management of the fair is a crucial part of building 'Brand UP' and making the state a $1 trillion economy.

Why Wayanad's Landslide Survivors Are Protesting

Why Wayanad's Landslide Survivors Are Protesting

Rediff.com27 Mar 2025

In the months immediately following the 2024 tragedy, reporting on the landslide per se had been a straightforward affair. On one side was death and destruction. On the other side, survivors and the business of survival. It was black and white. What direction to take was clear. Rehabilitation in comparison, felt like a complex situation. One that is fraught with shades of grey. As grey as human life, explains Shyam G Menon.

Small, mid or large, many 'caps' companies wear

Small, mid or large, many 'caps' companies wear

Rediff.com11 Sep 2023

Polycab India, Power Finance Corporation, Shriram Finance, and Union Bank of India appear poised to transition from the mid-cap to the large-cap category within the domestic mutual fund industry. Their market capitalisation (m-cap) now ranks among the top 100, which is the threshold for the large-cap universe defined by the Securities and Exchange Board of India.

Congress manifesto to focus on jobs, farm and banking reforms

Congress manifesto to focus on jobs, farm and banking reforms

Rediff.com13 Mar 2019

The party's research department team, which Rajya Sabha member M V Rajeev Gowda heads, has sifted through the suggestions received in the last five months, and the manifesto is slated to be released later this month, reports Archis Mohan.

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.'

Dangerous narrative: BJP slams Rahul's remarks on Sikhs

Dangerous narrative: BJP slams Rahul's remarks on Sikhs

Rediff.com10 Sep 2024

"I condemn is the strongest terms the statement he has made about Sikhs not being able to wear turbans and kadas," the BJP leader from the Sikh community said.

Can't name all states, says FM as Opposition walks out

Can't name all states, says FM as Opposition walks out

Rediff.com24 Jul 2024

The Indian National Developmental Inclusive Alliance (INDIA) parties, led by the Congress, staged a walkout from both Houses of Parliament on Wednesday, in protest against all states except two being 'ignored' in the budget, an allegation termed 'outrageous' by Finance Minister Nirmala Sitharamanm, who said all the states never found a mention in any of the previous budgets, including those presented by the Congress.

GM, Ford switch off India ops but unable to exit

GM, Ford switch off India ops but unable to exit

Rediff.com25 Jan 2023

Both are finding it difficult to sell one each of their plants -- Chennai Maraimalai Nagar (Ford) and Talegaon near Pune (GM) -- and are finding the road blocked by employee severance snarl-ups, report Sohini Das and Shine Jacob.

DRT directs J P Morgan Bank not to disburse $40 mn to Mallya

DRT directs J P Morgan Bank not to disburse $40 mn to Mallya

Rediff.com17 May 2016

The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse $40 million of the $75 million sweetheart deal to him.

Will Ukraine war reference wreck consensus at India-hosted G20 FMs' meet too?

Will Ukraine war reference wreck consensus at India-hosted G20 FMs' meet too?

Rediff.com28 Feb 2023

Foreign ministers of G20 major economies will meet in the national capital on March 1 and 2 to deliberate on pressing global challenges amid escalating confrontation between Russia and the West over the Ukraine conflict that entered the second year this week.

The bad loan problem

The bad loan problem

Rediff.com27 Feb 2017

GNPAs of public sector banks are now at a staggering 11.2 per cent of their advances.

Will India manage to grow at 6.8% in FY24?

Will India manage to grow at 6.8% in FY24?

Rediff.com22 Mar 2023

The external environment has worsened further. While the Finnish economy entered into a recession, Swedish economic growth also dipped. The Finnish gross domestic product (GDP) dropped 0.6 per cent in October-December, 2022. It was the second quarter of negative growth, which is a technical definition of recession.

Taliban terrorists or not: Omar on India-Taliban talks

Taliban terrorists or not: Omar on India-Taliban talks

Rediff.com1 Sep 2021

"If they are a terror organisation, why are you (GoI) talking to them? If they are not a terror organisation, why are you banning their bank accounts. Why are you not recognizing their government? Make up your mind," he said.

India questions China's developing country status

India questions China's developing country status

Rediff.com14 Jan 2022

India and China have mostly set aside their bilateral differences in order to champion the cause of developing countries at the World Trade Organisation (WTO). That seems to be changing. During the latest round of China's trade policy review, India questioned its northern neighbour's claim that it was a developing country, since, going by the World Bank's definition, its per capita income belongs to that of an upper middle income country. "As per the per capita income level, the Chinese economy belongs to 'upper-middle income'. "How can China still claim to be a developing country? "What are the indicators which China is using to claim such a status?" India asked.

Need of the hour: Reform in public sector banks will ensure growth

Need of the hour: Reform in public sector banks will ensure growth

Rediff.com13 Mar 2014

Privatising public sector companies would have encountered significant opposition from their managers as well as from strong unions.

Mission incomplete: Rajan's plan to transform RBI into a modern bank

Mission incomplete: Rajan's plan to transform RBI into a modern bank

Rediff.com12 Feb 2016

RBI Governor Raghuram Rajan wanted to improve training for staff, through initiatives such as sending them to other central banks for short stints.

Govt banks to stay closed on 2nd and 4th Saturday from July

Govt banks to stay closed on 2nd and 4th Saturday from July

Rediff.com26 May 2015

PSB branches will work fulltime on the 1st and 3rd Saturday.

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.

Is Priyanka A Political Tourist In Wayanad?

Is Priyanka A Political Tourist In Wayanad?

Rediff.com2 Nov 2024

When it comes to the Congress and Wayanad, the only way the scepticism in the minds of some in Kerala may be addressed is by the Gandhi family proving that they are more than a passing caravan in town, reports Shyam G Menon.

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.

Oppn set to corner Centre in Parliament on bank scams

Oppn set to corner Centre in Parliament on bank scams

Rediff.com4 Mar 2018

The government, on its part, is seeking to counter the opposition's offensive by bringing the Fugitive Economic Offenders Bill.

Kharge takes 'mataji', 'pakoda-jalebi' jibe at Sitharaman

Kharge takes 'mataji', 'pakoda-jalebi' jibe at Sitharaman

Rediff.com24 Jul 2024

Congress President and Leader of the Opposition in Rajya Sabha Mallikarjun Kharge on Wednesday questioned Union Finance Minister Nirmala Sitharaman over the Union Budget and claimed that the plates of all states except Bihar and Andhra Pradesh were empty in the budget allocation.

India's deep discounts on Russian crude will stay

India's deep discounts on Russian crude will stay

Rediff.com6 Dec 2022

Even as the Group of Seven (G7) price cap on Russian crude oil enters into force as of December 5, India has been assured it will continue to receive the existing deep discounts on Russian oil, for the time being, informed officials. "We have been assured by our Russian partners of uninterrupted crude supplies at the existing rates for the time being. "There were a lot of reports of changes in (India's) buying patterns after the global price cap took hold.

Airport workers to join union strike

Airport workers to join union strike

Rediff.com19 Aug 2008

Air services may be disrupted on August 20 as airport employees have decided to join the major trade unions in their general strike against the "anti-people" policies of the United Progressive Alliance (UPA) government.

IMF cuts India's growth forecast to 6.8% in 2022

IMF cuts India's growth forecast to 6.8% in 2022

Rediff.com11 Oct 2022

The International Monetary Fund (IMF) on Tuesday cut its projection of India's economic growth in 2022 to 6.8 per cent, as it joins other global agencies that have trimmed forecasts. The IMF had in July projected a gross domestic product (GDP) growth of 7.4 per cent for India in the fiscal year that started in April 2022. Even that forecast was lower than 8.2 per cent projected in January this year. India had grown at 8.7 per cent in 2021-22 fiscal (April 2021 to March 2022).

RIL may be lone bidder for JBF Petrochem

RIL may be lone bidder for JBF Petrochem

Rediff.com22 Aug 2022

Reliance Industries (RIL) is likely to be the lone bidder for Mangalore-based JBF Petrochemicals, which is up for sale after defaulting on bank loans worth Rs 5,000 crore. The lenders for the second time extended the deadline for submission of bids, which had ended on August 20, as several players, including public sector companies, were redrawing their acquisition plans, said people in the know. "There were several companies which had submitted their expressions of interest (EoIs) for the company but after due diligence decided to exit the race," said a source close to the development. "The new deadline for submitting financial offers is August-end," the source said.

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.'

MUDA issue: Cong leadership backs Siddaramaiah

MUDA issue: Cong leadership backs Siddaramaiah

Rediff.com24 Aug 2024

Days after the Karnataka governor granted sanction for the prosecution of Chief Minister Siddaramaiah in the Mysuru Urban Development Authority case, the Congress' top leadership on Friday expressed its backing for him and alleged that the Centre had unleashed a systematic assault through a 'puppet governor' to destabilise an elected government.

'For better growth figures, we need healthier banks'

'For better growth figures, we need healthier banks'

Rediff.com16 May 2016

Arun Jaitley interview.