News for 'Union finance ministry'

Workers' woes: PM asks ministry to set up a group

Workers' woes: PM asks ministry to set up a group

Rediff.com22 Jan 2010

The direction to the labour ministry was given after the prime minister met a workers' delegation led by G Sanjeeva Reddy of Indian National Trade Union Congress.

Allow hybrid mode hearings, technology not judges' choice, SC tells HCs

Allow hybrid mode hearings, technology not judges' choice, SC tells HCs

Rediff.com6 Oct 2023

The top court drew parallel between driving and technology and said if one doesn't know how to handle technology then he or she can't be a judge and questioned the approach of some of the high courts.

Airlines told to share international fliers' PNR with customs

Airlines told to share international fliers' PNR with customs

Rediff.com9 Aug 2022

With this, India joins 60 other countries that collect PNR details of international passengers.

After four months, Modi clears OSDs for Heptullah, Naidu

After four months, Modi clears OSDs for Heptullah, Naidu

Rediff.com10 Oct 2014

After keeping the appointments of some of the senior level officers on special duty/private secretary on hold for months, Prime Minister Narendra Modi finally cleared some of them.

On the govt's table: PSU general insurance consolidation

On the govt's table: PSU general insurance consolidation

Rediff.com8 Jun 2019

'The plan is to secure nod of the Union Cabinet and other relevant regulatory approvals within the next three months,' a senior finance ministry official said, requesting anonymity.

Budget: Departments, ministries ask for the moon

Budget: Departments, ministries ask for the moon

Rediff.com4 Jan 2010

While Finance Minister Pranab Mukherjee is aiming for a return to the path of fiscal prudence, various departments of the central government appear to be out of sync.

New migrant plan: 12 ministries, 125 days, Rs 50,000cr

New migrant plan: 12 ministries, 125 days, Rs 50,000cr

Rediff.com18 Jun 2020

The Government of India has decided to launch a massive rural public works scheme, 'Garib Kalyan Rojgar Abhiyaan', to "empower and provide livelihood opportunities to the returnee migrant workers and rural citizens". Prime Minister Narendra Modi will launch this scheme on June 20 through video conference in the presence of Bihar Chief Minister Nitish Kumar and Deputy Chief Minister Sushil Kumar Modi.

Mahua with Bengal cops' help stalking me, lawyer complains to CBI

Mahua with Bengal cops' help stalking me, lawyer complains to CBI

Rediff.com3 Jan 2024

Speaking to ANI on Wednesday, Dehadrai said, "I have given my complaint to the CBI. This is a very serious issue and there are people from Odisha who are financing and supporting those against whom I have filed a complaint (to the CBI). This fight is a bit dangerous but I will not back down."

Will India Soon Hyperloop?

Will India Soon Hyperloop?

Rediff.com29 Mar 2024

Will we see a Chennai-Bengaluru hyperloop?

Is It Time For 5 Regional RBIs?

Is It Time For 5 Regional RBIs?

Rediff.com7 Feb 2023

Despite its admirable competence and proven track record, the RBI doesn't have the capacity to supervise an economy that's growing so fast and becoming larger by the year, points out T C A Srinivasa Raghavan.

Dear Nirmalaji, please increase tax exemption

Dear Nirmalaji, please increase tax exemption

Rediff.com18 Jan 2021

Shalini Gupta, a freelance writer from Pudicherry, tells Rediff.com's A Ganesh Nadar what she would like to see in Finance Minister Nirmala Sitharaman's Budget.

SC asks Sebi to probe allegations against Adani group

SC asks Sebi to probe allegations against Adani group

Rediff.com2 Mar 2023

The Supreme Court on Thursday asked the Sebi to probe within two months allegations of stock price manipulation by the Adani group and any lapses in regulatory disclosures, and also set up a panel to look into protection of Indian investors after a damning report by a US short seller wiped out more than USD 140 billion of the conglomerate's market value. The top court while directing the setting up of a six-member committee headed by former apex court judge Justice A M Sapre for the assessment of the extant regulatory framework and for making recommendations to strengthen the process said it was appropriate to set up such a panel of experts in order to "protect Indian investors against volatility of the kind which has been witnessed in the recent past". The court-appointed Justice Sapre panel, which will be provided assistance by the Centre and other statutory agencies including the Sebi chairperson, will have to submit its report in a sealed cover within two months, said the bench which comprised Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala.

Is Defence Budget Enough To Counter China, Pakistan?

Is Defence Budget Enough To Counter China, Pakistan?

Rediff.com10 Feb 2023

To threaten China and Pakistan, and then to sharply cut back on military funding, bespeaks a remarkable trust in Beijing and Islamabad that is not borne out by anything they say or do, notes Ajai Shukla.

Dissenting states want full borrowing by Centre for GST

Dissenting states want full borrowing by Centre for GST

Rediff.com17 Oct 2020

Dissenting states including Chhattisgarh and Kerala, have made it clear they are in no mood to relent. They want the Centre to borrow the entire Rs 2.35 trillion this fiscal citing bleak fiscal position.

Chidambaram faces toughest test of career

Chidambaram faces toughest test of career

Rediff.com22 Aug 2019

With the fall of Congress, Chidambaram's political graph too started moving southwards.

Air travel: Minister for service tax roll-back

Air travel: Minister for service tax roll-back

Rediff.com3 Mar 2010

The Union civil aviation ministry would take up the issue with the finance ministry, Patel said, expressing the hope that the latter would respond favourably to the civil aviation ministry's representation.

The curious case of $1-billion SBI loan to debt ridden-Sri Lanka

The curious case of $1-billion SBI loan to debt ridden-Sri Lanka

Rediff.com31 May 2022

The Ministry of External Affairs (MEA) on March 17 had announced that State Bank of India (SBI) would extend a term loan of $1 billion to Sri Lanka, fully guaranteed by the Indian government, and this was part of India's financial aid to the troubled island nation. Ministry of External Affairs (MEA) spokesperson Arindam Bagchi was quoted saying by news agency PTI that the loan would be used for importing food, medicines, and other essential items. "India has always stood with the people of Sri Lanka and we will continue to extend all possible support at this juncture.

Sitharaman back with traditional 'bahi-khata' for her 2nd budget

Sitharaman back with traditional 'bahi-khata' for her 2nd budget

Rediff.com1 Feb 2020

Last year, Sitharaman had ditched the long-standing tradition of carrying budget documents in a leather briefcase and went swadeshi with a 'bahi-khata'.

Rubaiya case: Yasin Malik, aide appear in court; another accused identified

Rubaiya case: Yasin Malik, aide appear in court; another accused identified

Rediff.com2 Nov 2023

Ali Mohammad Mir, who is the prime accused in the kidnapping case after Malik, had taken Rubaiya Sayeed in his vehicle to Sopore from Srinagar and kept her at a guesthouse.

Sebi bats for ploughing PF money into equities

Sebi bats for ploughing PF money into equities

Rediff.com26 Sep 2014

The EPFO, which has 50 million subscribers, provides annual interest of 8.75 per cent on provident fund deposits.

Collect passport details of big borrowers in 45 days: Finmin to Banks

Collect passport details of big borrowers in 45 days: Finmin to Banks

Rediff.com6 Mar 2018

It further said that the loan application form should be suitably modified to incorporate passport details of borrowers.

Why the gold monetisation scheme is yet to take off

Why the gold monetisation scheme is yet to take off

Rediff.com17 May 2016

Only three or four tonnes is estimated to have been mobilised under the scheme.

Nirmala repeats her feat, breaches another male bastion

Nirmala repeats her feat, breaches another male bastion

Rediff.com31 May 2019

Sitharaman, who became the first full-time woman defence minister in the first tenure of the Bharatiya Janata Party-led National Democratic Alliance government -- will also head the Corporate Affairs ministry in the new cabinet.

When Santa Wore A Red Sari

When Santa Wore A Red Sari

Rediff.com1 Feb 2023

The Budget oration of the finance minister and the confidence with which she delivered it, along with the measures and the recent upsurge in the economy would all contribute to unleashing the storied 'animal spirits' and help the economy run on the growth path quite smoothly. Or so the government hopes, notes Shreekant Sambrani.

Next time invite FM: Cong mocks PM's budget meet

Next time invite FM: Cong mocks PM's budget meet

Rediff.com9 Jan 2020

Later, Sitharaman's office clarified that the FM had already met the industrialists, experts, and economists during the pre-budget consultations.

Take our money, not FDI: Rail unions to government

Take our money, not FDI: Rail unions to government

Rediff.com24 Nov 2014

The two major railway unions have proposed to the government an unprecedented alternative to privatisation or inviting foreign investment, to help raise funds and improve revenue.

Shah, Sitharaman stand tall among ministers

Shah, Sitharaman stand tall among ministers

Rediff.com22 Jul 2021

Strengthening the portfolios of the home minister and the finance minister is a message that should not be missed, points out A K Bhattacharya.

Goodbye over, govt looks at future plans

Goodbye over, govt looks at future plans

Rediff.com20 Jun 2016

With Raghuram Rajan not 'really there', the FinMin has decided to keep a watch on market developments this week with all key officials on the job.

India to roll out cash transfer of food subsidies from Sept

India to roll out cash transfer of food subsidies from Sept

Rediff.com2 Jul 2015

India plans to phase in cash transfers of food and kerosene subsidies from September, saving 10-15 per cent of the $21 billion in annual outlays on the benefits by eliminating fraud, a senior finance ministry official said on Thursday.

Credit growth will be satisfactory for the whole year: Chidambaram

Credit growth will be satisfactory for the whole year: Chidambaram

Rediff.com22 Oct 2013

Many PSU banks had recently cut interest rate on loans for two-wheelers and consumer durables.

EPFO not keen to invest in stock markets

EPFO not keen to invest in stock markets

Rediff.com17 Sep 2014

The Finance Ministry has been pitching for EPFO funds to be invested in the equity markets to maximise their yields.

Adani issue, ED raids set to rock Parliament, again

Adani issue, ED raids set to rock Parliament, again

Rediff.com12 Mar 2023

The opposition parties will meet on Monday morning to evolve their strategy in both Houses of Parliament after protests by them on the Hindenburg-Adani issue overshadowed most of the first half of the Budget session.

3 witnesses fail to appear before TADA court in cases involving Yasin Malik

3 witnesses fail to appear before TADA court in cases involving Yasin Malik

Rediff.com14 Dec 2023

In the case of the killing of the IAF personnel in a terror attack in Srinagar in 1990, the court had summoned two witnesses for identification, but they could not appear citing medical reasons, Bhat said, adding that both of them had to come from outside.

Union seeks transport, police protection for bank staff

Union seeks transport, police protection for bank staff

Rediff.com29 Mar 2020

Anticipating a sudden and huge crowd in bank branches following the announcement of various measures by the government on Friday, the AIBEA said since the number of employees in bank branches are very few, the crowds can pose a big risk for the bank staff as well as for the customers who might be visiting in large numbers.

EPF pension may be raised by Rs 1,000

EPF pension may be raised by Rs 1,000

Rediff.com2 Nov 2012

Suresh said the ministry had received several representations from the EPF pensioners Association, pointing to the meagre pension amount, which in some cases was about Rs 50 to Rs 300.

Govt plans committee to check frauds in India

Govt plans committee to check frauds in India

Rediff.com30 Nov 2012

With an aim to safeguard the investors from possible frauds involving collective investment schemes, the government has proposed a high-level committee of members from Reserve Bank, Sebi, Corporate Affairs Ministry and Economic Office Wing of state police departments.

GST: What played out behind the scenes

GST: What played out behind the scenes

Rediff.com5 Aug 2016

The largest challenge for the gigantic exercise between the Centre and the 29 states was to keep the latter interested over the years.

FinMin may seek cabinet nod for CIL divestment

FinMin may seek cabinet nod for CIL divestment

Rediff.com6 Apr 2010

The Ministry of Finance may seek the Union Cabinet's approval for the proposed 10 per cent stake sale in state-owned Coal India Ltd by the end of this month, a senior Coal Ministry official said

'New bank licences has put RBI, system in credible light'

'New bank licences has put RBI, system in credible light'

Rediff.com9 Apr 2014

Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.

Here's how Jaitley's on course to meet FY19 fiscal deficit target

Here's how Jaitley's on course to meet FY19 fiscal deficit target

Rediff.com11 Jan 2019

However, independent economists are not as gung-ho as the finance ministry over the likelihood of deficit target being met this time around, says Indivjal Dhasmana.