News for 'Union Finance'

Govt ready with corrective steps: Union minister on West Asia conflict

Govt ready with corrective steps: Union minister on West Asia conflict

Rediff.com30 Mar 2026

The Indian government has implemented several measures to mitigate external risks, support the balance of payments, and maintain macroeconomic stability amidst the ongoing West Asia crisis, according to Minister of State for Finance Pankaj Chaudhary.

Man Detained At Assam Swearing-In With Live Ammunition

Man Detained At Assam Swearing-In With Live Ammunition

Rediff.com12 May 2026

A man was detained at the swearing-in ceremony of the new Assam government after being found with live bullets during security screening. The incident occurred shortly before the oath-taking ceremony, attended by high-profile BJP leaders and other dignitaries.

Row over Vande Mataram before Tamil anthem at TN swearing-in event

Row over Vande Mataram before Tamil anthem at TN swearing-in event

Rediff.com21 May 2026

A political controversy has erupted in Tamil Nadu after the Tamil invocation song was rendered last during the swearing-in of new ministers. Left parties have criticised the decision to sing the Tamil anthem after Vande Mataram and the national anthem.

What Is The Thucydides Trap That Xi Warned Trump About?

What Is The Thucydides Trap That Xi Warned Trump About?

Rediff.com14 May 2026

An explainer on the 'Thucydides Trap' and its relevance to current tensions between the United States and China, as discussed by President Xi Jinping.

My Friend, Chief Minister V D Satheesan

My Friend, Chief Minister V D Satheesan

Rediff.com22 May 2026

'The most enduring part of Satheesan's personality is he is good at heart. That is the reason why everybody, from the old to small children, get attracted to him.'

Himanta Biswa Sarma takes oath as Assam CM for 2nd term

Himanta Biswa Sarma takes oath as Assam CM for 2nd term

Rediff.com13 May 2026

Himanta Biswa Sarma was sworn in as the chief minister of Assam for a second consecutive term, along with four other ministers, marking the formation of the third successive NDA government in the state.

Vijay's cabinet expansion signals new coalition era in TN politics

Vijay's cabinet expansion signals new coalition era in TN politics

Rediff.com22 May 2026

AM Shahjahan and Vanni Arasu from IUML and VCK respectively were sworn in as ministers in Tamil Nadu, increasing the number of allies in the TVK government. This marks the first time representatives from both parties have been inducted into the state cabinet, signifying a shift in Tamil Nadu's coalition dynamics.

West Asia Conflict Deepens India's Economic Challenges

West Asia Conflict Deepens India's Economic Challenges

Rediff.com30 Apr 2026

Even if there is an early agreement on a cessation of hostilities in West Asia, the price shock will not go away easily, points out A K Bhattacharya.

'Indians Are Not Buying Too Much Of Gold'

'Indians Are Not Buying Too Much Of Gold'

Rediff.com19 May 2026

'Even last year, when India bought gold, the physical quantity was much less than the previous years.'

Naveen Patnaik Seeks Sitharaman's Intervention In Tribal Man's Case

Naveen Patnaik Seeks Sitharaman's Intervention In Tribal Man's Case

Rediff.com2 May 2026

BJD president Naveen Patnaik has requested Union Finance Minister Nirmala Sitharaman's intervention in a case where an Odisha tribal man was forced to exhume his sister's skeleton to prove her death to a rural bank. Patnaik seeks accountability for the incident, which has sparked public outrage.

Highlights of Union Budget 2026-27

Highlights of Union Budget 2026-27

Rediff.com1 Feb 2026

Highlights of Union Budget 2026-27

Satheesan-led Kerala govt sworn in, announces key welfare measures

Satheesan-led Kerala govt sworn in, announces key welfare measures

Rediff.com18 May 2026

V D Satheesan was sworn in as Kerala's Chief Minister, with Governor Rajendra Vishwanath Arlekar administering the oath of office. The swearing-in ceremony was attended by prominent political figures, including Congress leaders and Chief Ministers of Congress-ruled states.

Odisha tribal man carries sister's skeleton to bank to withdraw Rs 19,300

Odisha tribal man carries sister's skeleton to bank to withdraw Rs 19,300

Rediff.com28 Apr 2026

A tribal man in Odisha's Keonjhar district brought the skeleton of his dead sister to a bank to withdraw money deposited in her name after bank officials insisted on the account holder's presence.

Outrage As Odisha Bank Asks Man To Produce Sister's Skeleton

Outrage As Odisha Bank Asks Man To Produce Sister's Skeleton

Rediff.com28 Apr 2026

A tribal man in Odisha was forced to carry his sister's exhumed skeleton to a bank to withdraw her money, sparking widespread condemnation. The bank claims it only requested valid documents, but the incident has raised questions about the treatment of vulnerable customers.

Why Odisha Bank Asked Man To Bring Sister's Skeleton

Why Odisha Bank Asked Man To Bring Sister's Skeleton

Rediff.com28 Apr 2026

A tribal man in Odisha was forced to carry his sister's exhumed skeleton to a bank to prove her death and withdraw her money, sparking outrage and prompting government intervention.

Retail Inflation Edges Up to 3.48% in April on Costlier Jewellery, Kitchen Staples

Retail Inflation Edges Up to 3.48% in April on Costlier Jewellery, Kitchen Staples

Rediff.com13 May 2026

India's retail inflation, measured by the Consumer Price Index (CPI), increased to 3.48 per cent in April, up from 3.40 per cent in March, primarily due to a surge in prices of gold and silver jewellery, as well as certain kitchen staples like tomatoes and cauliflower.

India Is Now A Reverse Goldilocks Economy

India Is Now A Reverse Goldilocks Economy

Rediff.com18 May 2026

India emerged reasonably well from 2025. But now, the oil shock and war-related supply disruptions have again driven funds out of India and significantly weakened the rupee, points out Ajay Chhibber.

Himanta Biswa Sarma: From AASU to BJP's Northeast face

Himanta Biswa Sarma: From AASU to BJP's Northeast face

Rediff.com12 May 2026

Himanta Biswa Sarma's return as Assam's Chief Minister underscores the BJP's increasing dominance in the northeast, marked by both development and divisive policies.

V D Satheesan: Opposition Firebrand to Kerala CM

V D Satheesan: Opposition Firebrand to Kerala CM

Rediff.com14 May 2026

V D Satheesan, a 61-year-old lawyer-turned-politician, has emerged as a prominent figure in Kerala politics, known for his aggressive opposition to the Left government and his role in revitalising the Congress party. His journey from student politics to a key leadership position highlights his strategic acumen and dedication to addressing local issues.

Why Modi Empowered ED To Tackle Financial Crimes

Why Modi Empowered ED To Tackle Financial Crimes

Rediff.com1 May 2026

Union Minister Pankaj Chaudhary stated that Prime Minister Narendra Modi strengthened the Enforcement Directorate (ED) to combat financial crimes like money laundering and corruption, dismissing allegations of it being used to target political opponents.

STT on futures hiked, share buyback taxed as capital gains

STT on futures hiked, share buyback taxed as capital gains

Rediff.com1 Feb 2026

The FM also said the government has proposed a joint panel of Corporate Affairs Ministry and CBDT for incorporation of income computation and disclosure standards.

TReDS Platforms Poised for Growth as Government Mandates PSU Invoice Payments

TReDS Platforms Poised for Growth as Government Mandates PSU Invoice Payments

Rediff.com13 Apr 2026

A government mandate requiring central public sector enterprises to use the Trade Receivables Discounting System (TReDS) for settling small business invoices is expected to significantly increase volumes on these platforms.

Ex-Official Accused Of Swiss Francs Scam Granted Bail: Here's Why

Ex-Official Accused Of Swiss Francs Scam Granted Bail: Here's Why

Rediff.com4 May 2026

A Delhi court granted bail to a former accounts officer accused of swindling more than 2 lakh Swiss francs from India's Permanent Mission in Geneva to fund his crypto-gambling ventures.

Will Vijay Be Tamil Nadu's Showstopper?

Will Vijay Be Tamil Nadu's Showstopper?

Rediff.com21 Apr 2026

Whether he comes to power or not, both his admirers and opponents agree on one thing -- Vijay may well turn out to be the 'X factor'.

Why Modi Gave More Powers To The Enforcement Directorate

Why Modi Gave More Powers To The Enforcement Directorate

Rediff.com1 May 2026

Union Minister Pankaj Chaudhary stated that Prime Minister Narendra Modi strengthened the Enforcement Directorate to combat financial crimes like money laundering and corruption, dismissing allegations of it being used to target political opponents.

Mumbai's iconic Air India building set to become Maha govt hub soon

Mumbai's iconic Air India building set to become Maha govt hub soon

Rediff.com29 Apr 2026

The Maharashtra government is nearing the acquisition of the Air India building in south Mumbai after the Finance Department transferred Rs 1,600 crore to the Public Works Department. The agreement with Air India Assets Holding Limited is expected to be signed within two weeks, providing much-needed office space for state government departments.

Parliament adjourns sine die, Budget Session ends

Parliament adjourns sine die, Budget Session ends

Rediff.com18 Apr 2026

Both Houses of Parliament were adjourned sine die, concluding a Budget session marked by the passage of key legislations and the defeat of a Constitution amendment bill on women's reservation. The session saw frequent opposition protests and discussions on various issues, including the West Asia conflict.

'It's Not Modi's Rupee That Benefits. It's India's Rupee That Benefits'

'It's Not Modi's Rupee That Benefits. It's India's Rupee That Benefits'

Rediff.com18 May 2026

'In all these years of rupee depreciation, of rising oil prices, of inflation caused by import dependence, not one leader had the courage to look the people in the eye and say: Please do this for your country.'

Union Budget allocates Rs 1,492 cr for Parliament

Union Budget allocates Rs 1,492 cr for Parliament

Rediff.com2 Feb 2026

The Union Budget allocates Rs 1,492 crore for the functioning of both Houses of Parliament, with specific provisions for Lok Sabha, Rajya Sabha, and related secretariats.

West Asia Conflict Can Create Havoc With Budget Numbers

West Asia Conflict Can Create Havoc With Budget Numbers

Rediff.com23 Apr 2026

The conflict may disrupt Budget 2026-2027 projections, squeezing revenues and raising subsidies, prompting fiscal adjustments and potential reforms, echoing lessons from the Covid-era shock, points out A K Bhattacharya.

Budget 2026: Prez Murmu offers 'Dahi-Cheeni' to Sitharaman

Budget 2026: Prez Murmu offers 'Dahi-Cheeni' to Sitharaman

Rediff.com1 Feb 2026

Sitharaman continues with the tradition she set in 2019, carrying the budget speech in a 'bahi-khata', which she used after dropping the briefcase tradition.

Why Cannes' Pick Amma Ariyan Is A Haunting Masterpiece

Why Cannes' Pick Amma Ariyan Is A Haunting Masterpiece

Rediff.com12 May 2026

John Abraham's 1986 film Amma Ariyan, now heading to the 2026 Cannes film festival, remains one of Malayalam cinema's most politically charged and unsettling masterpieces.

I-T Department Asks Brokers To Remit Excess STT

I-T Department Asks Brokers To Remit Excess STT

Rediff.com11 Mar 2026

The tax is collected by brokers on behalf of the government and forms a key component of the Centre's tax revenues.

Union Budget 2026: Fiscal deficit target set at 4.3%

Union Budget 2026: Fiscal deficit target set at 4.3%

Rediff.com1 Feb 2026

Finance Minister Nirmala Sitharaman announced a fiscal deficit target of 4.3% of GDP for FY27, continuing the path of fiscal consolidation. The government aims to reduce the debt-to-GDP ratio to 55.6% by BE 2026-27 and further to around 50% by March 2031.

Why Anil Ambani's Son is Being Questioned in 228 Crore Fraud Case

Why Anil Ambani's Son is Being Questioned in 228 Crore Fraud Case

Rediff.com13 Mar 2026

Jai Anmol Ambani, son of Anil Ambani, was questioned by the CBI in connection with a 228-crore fraud case involving Union Bank of India. He is expected to be questioned again.

Budget 2026: Lokpal gets Rs 30 crore

Budget 2026: Lokpal gets Rs 30 crore

Rediff.com1 Feb 2026

The Lokpal, India's anti-corruption ombudsman, has been allocated Rs 30 crore in the Union Budget 2026-27. The Central Vigilance Commission (CVC) has been allocated Rs 54.56 crore.

Cyber Fraud Ring Busted: 11 Arrested in Delhi, Mumbai Operation

Cyber Fraud Ring Busted: 11 Arrested in Delhi, Mumbai Operation

Rediff.com24 Mar 2026

Delhi Police have arrested 11 individuals involved in a cyber fraud racket operating from Delhi and Mumbai, which allegedly defrauded a senior citizen of over Rs 22 lakh with promises of high investment returns. The network is linked to international operators in Cambodia.

Sitharaman takes part in customary halwa ceremony

Sitharaman takes part in customary halwa ceremony

Rediff.com28 Jan 2026

Finance Minister Nirmala Sitharaman on Tuesday participated in a traditional 'halwa' ceremony, marking the final stage for the preparation of the Union Budget 2026-27, to be unveiled on February 1 in the Lok Sabha.

Budget hollow, directionless; ignoring people's hardships: Opposition

Budget hollow, directionless; ignoring people's hardships: Opposition

Rediff.com1 Feb 2026

The Congress party has strongly criticized the Union Budget, calling it 'lacklustre' and 'disappointing,' claiming it fails to address the needs of farmers, unemployed youth, and other key sectors.

'Koi mai ka laal...': FM's strong retort to Rahul's 'sold India' remark

'Koi mai ka laal...': FM's strong retort to Rahul's 'sold India' remark

Rediff.com11 Feb 2026

Finance Minister Nirmala Sitharaman launched a strong attack on Rahul Gandhi and the Congress party, accusing them of compromising India's interests on the world stage and selling out farmers and the poor during their time in power.