News for 'Union Finance'

CAG to conduct pan-India audit on ease of doing biz for MSMEs

CAG to conduct pan-India audit on ease of doing biz for MSMEs

Rediff.com20 Nov 2025

The Comptroller and Auditor General of India (CAG) has launched an integrated audit across 32 states and Union Territories to assess the ease of doing business for the micro, small and medium enterprise (MSME) sector.

Bihar Polls: Makhana Turns Into Political Hot Potato

Bihar Polls: Makhana Turns Into Political Hot Potato

Rediff.com10 Nov 2025

As it gains commercial viability, the food will likely become a powerful political currency.

Bengal SIR redraws voter map with over 58 lakh deletions

Bengal SIR redraws voter map with over 58 lakh deletions

Rediff.com17 Dec 2025

The Election Commission released the names of deleted voters in West Bengal ahead of the publication of the draft electoral rolls for the upcoming assembly elections.

At G20, Modi bats for open satellite data access

At G20, Modi bats for open satellite data access

Rediff.com23 Nov 2025

Prime Minister Narendra Modi on Saturday proposed a G20 initiative aimed at enhancing clean energy transitions by boosting recycling, easing supply chain pressures and advancing joint research on critical minerals, and suggested forging a partnership to make satellite data more accessible and interoperable.

Why States Miss Monthly Spending Ceilings

Why States Miss Monthly Spending Ceilings

Rediff.com4 Oct 2025

CAG warns most states of fiscal imprudence as March spending overshoots limits, with key departments exhausting large portions of budgets in the last month of FY24.

Is Hemant Soren weighing a political turn towards the BJP?

Is Hemant Soren weighing a political turn towards the BJP?

Rediff.com3 Dec 2025

Speculation intensifies regarding a potential political shake-up in Jharkhand's ruling coalition, fueled by strained relations between JMM, RJD, and Congress, and Chief Minister Hemant Soren's Delhi visits. Both JMM and Congress have denied the claims.

SC asks CBI to probe digital arrest scams nationwide

SC asks CBI to probe digital arrest scams nationwide

Rediff.com1 Dec 2025

The Supreme Court has directed the CBI to conduct a pan-India investigation into digital arrest scams and questioned the RBI about its lack of AI usage in detecting and freezing accounts used by cybercriminals.

Kremlin Didn't Know About Modi Gesture

Kremlin Didn't Know About Modi Gesture

Rediff.com5 Dec 2025

The Russians have termed Putin's visit to India, his first to this country since the outbreak of the Russia-Ukraine war, as 'Druzhba Dosti', which means 'friendship' in Russian and Hindi respectively.

'I Won't Wait For Decades To Get Reform Done'

'I Won't Wait For Decades To Get Reform Done'

Rediff.com19 Sep 2025

'That is going to have an impact on literally every one, whether you buy a toothpaste, a safety pin, a car, shoes or medicines or you go to a diagnostic centre.'

Cong suspends Navjot Kaur Sidhu after '500 cr for CM' remark

Cong suspends Navjot Kaur Sidhu after '500 cr for CM' remark

Rediff.com9 Dec 2025

The Punjab Congress has suspended Navjot Kaur Sidhu from its primary membership after she made a controversial remark about the chief minister's chair costing Rs 500 crore.

Gems & jewellery exports slipped 30% in October: GJEPC

Gems & jewellery exports slipped 30% in October: GJEPC

Rediff.com24 Nov 2025

India's gems & jewellery exports witnessed 30.6 per cent year-on-year (Y-o-Y) contraction in October to $2.17 million, amid the imposition of a steep 50 per cent tariff by the United States (US) on several Indian products.

PHOTOS: When netas roll out mats for Yoga Day

PHOTOS: When netas roll out mats for Yoga Day

Rediff.com21 Jun 2025

Take a look at our leaders taking to the yoga mats on this special day.

Assam varsity shut after protest against VC over corruption charges

Assam varsity shut after protest against VC over corruption charges

Rediff.com2 Dec 2025

Students at Tezpur University in Assam have shut down the institution, protesting against Vice Chancellor Shambhu Nath Singh over allegations of corruption and financial irregularities. The shutdown has led to the cancellation of end-term examinations and has garnered support from teachers and non-teaching staff.

Bank unions defer 2-day nationwide strike

Bank unions defer 2-day nationwide strike

Rediff.com21 Mar 2025

Bank unions on Friday deferred their two-day nationwide strike beginning Monday after they received positive assurance from both the finance ministry and the IBA on their demands, including a five-day work week and adequate recruitment in all cadres. The strike call for March 24 and 25 was given by United Forum of Bank Unions (UFBU), an umbrella organisation of nine bank employees' association.

'Pronouncements On Paper Don't Feed Babies'

'Pronouncements On Paper Don't Feed Babies'

Rediff.com28 Nov 2025

'These children possess catastrophically low birth weights -- often 1.4 kgs or less. Such extremely low birth weight results in profoundly compromised neo-natal immunity.' 'The escalation to 97 deaths in three months precipitated contemporary attention precisely because this magnitude concentrates the humanitarian emergency, rendering it impossible for the administrative machinery to ignore.'

Will D K Shivakumar Go The Sachin Pilot Way?

Will D K Shivakumar Go The Sachin Pilot Way?

Rediff.com1 Dec 2025

Even if D K Shivakumar wanted to oust Siddaramaiah, whose support would he take?
The shrewd politician that he is, Siddaramaiah figured his rival had no option but to lump it, points out Aditi Phadnis.

Will Buy Russian Oil: Sitharaman

Will Buy Russian Oil: Sitharaman

Rediff.com6 Sep 2025

New Delhi 'will have to take a call which supply source suits us the best,' the finance minister said, pointing out that crude oil accounts for the bulk of India's foreign exchange spend.

PSBs' share in household deposits falls to 63%; private banks gain ground

PSBs' share in household deposits falls to 63%; private banks gain ground

Rediff.com9 Sep 2025

Public sector banks (PSBs) have seen a sharp drop in household deposits from 70.6 per cent to 63 per cent in contrast with private banks, which witnessed a surge from 27.1 per cent to 34.1 per cent.

India needs world-class banks; in talks with RBI, lenders: Sitharaman

India needs world-class banks; in talks with RBI, lenders: Sitharaman

Rediff.com6 Nov 2025

Finance Minister Nirmala Sitharaman on Thursday said the country needs big and world-class banks, and discussions are on with the Reserve Bank and lenders in this regard.

'Govt Has Executed A Commendable Task'

'Govt Has Executed A Commendable Task'

Rediff.com5 Dec 2025

'...not merely in managing fiscal mathematics, but in demonstrating conservatism and prudence within that framework.' 'Looking forward, we believe sufficient growth drivers exist -- ranging from government reforms to revival in consumption to favourable monsoons. Numerous factors support the Indian economy.'

'My God, The Number Of Meetings We Had On GST!'

'My God, The Number Of Meetings We Had On GST!'

Rediff.com22 Sep 2025

'It was like rigorously preparing for a solid, good exam...' 'I don't know what marks I will get, but I felt the rigorous preparation of an exam.' 'You may sweat, but I feel rejuvenated.'

'Bihar, bidis start with B': Congress's GST post triggers row

'Bihar, bidis start with B': Congress's GST post triggers row

Rediff.com5 Sep 2025

Union Minister Nityanand Rai launched a scathing attack on Congress, stating that the party takes "pleasure" in insulting Bihar and its people.

Sitharaman on the merits of next gen GST reforms

Sitharaman on the merits of next gen GST reforms

Rediff.com2 Sep 2025

The next generation GST reforms would 'absolutely' set an economy open and transparent with further reduction in compliance burden and benefiting small businesses, Union Finance Minister Nirmala Sitharaman said on Tuesday.

Separatist mindset dominates DMK's model of politics: Sitharaman

Separatist mindset dominates DMK's model of politics: Sitharaman

Rediff.com7 Sep 2025

Finance Minister Nirmala Sitharaman criticizes the DMK government in Tamil Nadu, alleging corruption, caste-based crimes, and a rise in drug abuse. She dismisses the DMK's claims about language and Dravidian identity as a distraction from their governance failures.

'Tiger Abhi Zinda Hai' mirrors Nitish Kumar's refusal to slow down

'Tiger Abhi Zinda Hai' mirrors Nitish Kumar's refusal to slow down

Rediff.com15 Nov 2025

The Bihar chief minister had a point to prove in the latest assembly elections, which were held amid speculations of a fatigue factor, if not downright anti-incumbency, made worse by rumours of his indifferent health.

Private Talent At PSU Banks Is Welcome, But...

Private Talent At PSU Banks Is Welcome, But...

Rediff.com22 Oct 2025

Opening up the corner office is fine, but will the government be able to attract talent without giving a market-rate salary?, asks Tamal Bandyopadhyay.

Privatisation of banks unlikely to hurt national interest: FM

Privatisation of banks unlikely to hurt national interest: FM

Rediff.com4 Nov 2025

Finance Minister Nirmala Sitharaman on Tuesday allayed apprehension that privatisation of state-owned banks would hurt financial inclusion and national interest. She said the bank nationalisation done in 1969 has not yielded the desired result as far as financial inclusion was concerned.

GST 2.0 Needs Deeper Reforms

GST 2.0 Needs Deeper Reforms

Rediff.com22 Sep 2025

Since items in the 12% category account for only about 5% of total GST, the additional boost to consumption may not be significant, points out M Govinda Rao.

'Petrol, Diesel In GST? Not In Immediate Future'

'Petrol, Diesel In GST? Not In Immediate Future'

Rediff.com26 Sep 2025

'Tax cannot be emotional.'

Operation Blue Star was wrong, Mrs Gandhi paid with life: P Chidambaram

Operation Blue Star was wrong, Mrs Gandhi paid with life: P Chidambaram

Rediff.com12 Oct 2025

Chidambaram said that Operation Black Thunder was the right way to retrieve the Golden Temple, by keeping the Army out of the Sikh worship place.

Next-Gen GST a step towards single tax slab

Next-Gen GST a step towards single tax slab

Rediff.com17 Aug 2025

The proposed 'Next Gen GST' with sweeping reforms, lower tax rates, and just two slabs, aims to boost the economy amid tariff threats and set the stage for a single tax rate regime by the time India becomes a developed nation, government sources said.

'Bihar Doesn't Predict Outcomes In Bengal, UP'

'Bihar Doesn't Predict Outcomes In Bengal, UP'

Rediff.com25 Nov 2025

'The question for the TMC is not whether it can hold its bastions, but whether it can expand effectively into regions where the BJP already possesses a good ecosystem.'

Pre-Budget meeting: Ficci seeks faster resolution of tax disputes

Pre-Budget meeting: Ficci seeks faster resolution of tax disputes

Rediff.com29 Oct 2025

The Federation of Indian Chambers of Commerce and Industry (Ficci) has sought urgent steps to clear the huge backlog of income-tax appeals, simplify tax deducted at source (TDS) compliance, and ensure tax neutrality for fast-track demergers, during its consultation with Revenue Secretary Arvind Shrivastava ahead of the Union Budget 2026-27.

Why US-China Face-Off Is Advantage India

Why US-China Face-Off Is Advantage India

Rediff.com29 Oct 2025

Amid US-China trade tensions and economic vulnerabilities, India must seize the 'China +1' opportunity, deepen reforms, secure FTAs, and globalise its firms for long-term growth, suggests Ajay Shah.

New I-T rules to be notified by Dec-end

New I-T rules to be notified by Dec-end

Rediff.com25 Aug 2025

The Income Tax department is working on simplified I-T forms and aims to notify new rules by December-end to give effect to the new I-T Act, which will come into force from April 1 next year, a senior tax official said on Monday.

Making Robots To Help Humanity

Making Robots To Help Humanity

Rediff.com24 Nov 2025

'Our vision is to innovate as many products as we can and solve as many problems as possible.'

'One episode of financial instability can take us many years behind'

'One episode of financial instability can take us many years behind'

Rediff.com2 Oct 2025

Reserve Bank of India (RBI) Governor Sanjay Malhotra, with Deputy Governors Poonam Gupta, Swaminathan J, T Rabi Sankar, and M Rajeshwar Rao, responded to a range of queries in the post-policy interaction with the media

Modi-led Cabinet clears Union Budget 2025-26

Modi-led Cabinet clears Union Budget 2025-26

Rediff.com1 Feb 2025

This is the second Budget of the BJP-led NDA government in its third term in office.

'Ek baar aap GST dekh lo': PM's nudge ushered in biggest GST reform in 8 yrs

'Ek baar aap GST dekh lo': PM's nudge ushered in biggest GST reform in 8 yrs

Rediff.com7 Sep 2025

'Ek baar aap GST dekh lo!' - Prime Minister Narendra Modi's gentle nudge to Finance Minister Nirmala Sitharaman in December last year sparked the beginning of a mammoth exercise to overhaul the tangled goods and services tax regime. And the final outcome is a significantly simplified system with lower tax rates and easier compliance for businesses.

Finance Secretary TK Pandey is new Sebi chairman

Finance Secretary TK Pandey is new Sebi chairman

Rediff.com28 Feb 2025

The Indian government has appointed Finance Secretary Tuhin Kanta Pandey as the new chairman of the Securities and Exchange Board of India (SEBI). Pandey, a 1987-batch IAS officer, will replace Madhabi Puri Buch, whose three-year tenure ends on February 28. Pandey's appointment comes at a time when the markets are experiencing bear pressure due to withdrawals by foreign institutional investors (FIIs). Pandey has extensive experience in the finance ministry, having served as the longest-serving secretary in the Department of Investment and Public Asset Management (DIPAM) and the Department of Public Enterprises (DPE). He also played a key role in the framing of the 2025-26 Budget and the drafting of the new Income Tax Bill. Pandey's appointment is for an initial period of three years.