News for 'West Bengal Finance'

6.4 magnitude quake strikes Assam, 10 more follow

6.4 magnitude quake strikes Assam, 10 more follow

Rediff.com28 Apr 2021

The epicenter of the quake was Sonitpur and the quake occurred at 7.51 am at a depth of 17 kilometres, it said.

Four IPOs to hit markets; aims to garner Rs 14,628-cr

Four IPOs to hit markets; aims to garner Rs 14,628-cr

Rediff.com8 Aug 2021

The buzz in the IPO market continues with four companies launching their initial share sales this week to raise over Rs 14,628 crore collectively. This comes after four companies -- Devyani International, Krsnaa Diagnostics, Windlas Biotech and Exxaro Tiles-- launched their initial share-sales last week to mobilise Rs 3,614 crore. So far in the current fiscal, 16 companies have raised Rs 30,666 crore through IPOs against Rs 31,277 crore by 30 firms in the entire 2020-21. Going forward, market analysts expect the IPO environment to remain buzzing during the entire 2021-22.

GST Council meet on Friday to discuss cutting tax on Covid medicines

GST Council meet on Friday to discuss cutting tax on Covid medicines

Rediff.com27 May 2021

Ahead of the first meeting of the top decision-making body in nearly eight months, finance ministers of eight states ruled by non-Bharatiya Janata Party and like-minded parties -- Rajasthan, Punjab, Chhattisgarh, Tamil Nadu, Maharashtra, Jharkhand, Kerala and West Bengal -- have devised a joint strategy to press for a zero tax rate on Covid essentials, sources said.

States seek legal views on SC ruling before GST Council meet

States seek legal views on SC ruling before GST Council meet

Rediff.com31 May 2022

Some states are taking a legal view on the state GST rate and the compensation rules ahead of the Goods and Services Tax (GST) Council meeting, which is likely to be held in mid-June, said people in the know. While the agenda is still being finalised, several states are likely to take up the matter related to GST compensation and may pitch for its continuation beyond the June 30 deadline. States would like to know how they would divide the compensation collected after June 2022 for payment of principal and interest of compensation shortfall borrowing and arrears to states, sources said.

Why Modi Is Delaying The Census

Why Modi Is Delaying The Census

Rediff.com29 Aug 2022

If the prime minister says clearly there is going to be no NRC and that the Census will drop the NPR questions, the Census will proceed. He will not, observes Aakar Patel.

How the GST deal was clinched

How the GST deal was clinched

Rediff.com28 Jul 2016

Top Congress sources said they would not hold up the Bill.

Govt to release Rs 20,000-cr GST dues to states

Govt to release Rs 20,000-cr GST dues to states

Rediff.com8 Apr 2020

Even with the Rs 20,000 crore distributed among states, it will still be a fraction of what they have been demanding in financial support and clearance of pending dues.

Will Droupadi Murmu Be A Consensus President?

Will Droupadi Murmu Be A Consensus President?

Rediff.com12 Jul 2022

From the point of view of qualification, Murmu is probably educationally the least qualified among India's recent Presidents. But then, with the BJP in command, she will be required to do little but sign on the dotted line.

Oppn puts 11-point demand charter before govt

Oppn puts 11-point demand charter before govt

Rediff.com22 May 2020

These parties also asked the Centre to present a revised comprehensive economic package that will be a 'true stimulus' and sought reversal of all unilateral policy decisions, especially pertaining to labour laws, as they put forth a 11-point demand charter before the government during a virtual meeting, called by the Congress to discuss the situation arising out of the pandemic as well as the lockdown.

'His eyes reach every person in the state'

'His eyes reach every person in the state'

Rediff.com25 Mar 2021

'If Pinarayi Vijayan gets another term, Kerala will be a state where everybody has a house.'

Chronology: GST's 17-year roller coaster ride

Chronology: GST's 17-year roller coaster ride

Rediff.com30 Jun 2017

After 17 tumultuous years, a nationwide Goods and Services Tax (GST) will rollout from midnight of June 30, overhauling India's convoluted indirect taxation system and unifying the $2 trillion economy with 1.3 billion people into a single market.

Saradha scam: Chidambaram hits out at Mamata

Saradha scam: Chidambaram hits out at Mamata

Rediff.com26 Apr 2014

He also asked why the Chief Minister was concerned about people 'charged with wrongdoings' and said she should instead be bothered about the victims.

How Karnataka Results Will Impact Tamil Nadu Politics

How Karnataka Results Will Impact Tamil Nadu Politics

Rediff.com17 May 2023

The DMK leadership may now have to deal with a demand for more seats from its Congress ally in the Lok Sabha polls, predicts N Sathiya Moorthy.

ED arrests Jharkhand mining secretary Pooja Singhal

ED arrests Jharkhand mining secretary Pooja Singhal

Rediff.com11 May 2022

Sources claimed that Singhal was "evasive" in her replies and hence was arrested.

Oppn terms Centre's economic package 'big zero'

Oppn terms Centre's economic package 'big zero'

Rediff.com13 May 2020

The BJP hailed teh package, saying it reflected the government's commitment towards creating jobs and stimulating the economy.

If these 10 states beat Covid, India can win: PM to CMs

If these 10 states beat Covid, India can win: PM to CMs

Rediff.com11 Aug 2020

At a video conference with chief ministers and representatives of these 10 states, including Bihar, Uttar Pradesh, Punjab, Andhra Pradesh, Maharashtra and Tamil Nadu, Modi said the recovery rate has gone up which, he added, meant that government efforts have proved to be effective.

Angioplasty on Ganguly's other blockages to be done later

Angioplasty on Ganguly's other blockages to be done later

Rediff.com4 Jan 2021

He was diagnosed with three blocked coronary arteries, following which a stent was inserted in one to remove the blockage.

Zakir Naik speeches inspired majority of 127 held for IS links: NIA

Zakir Naik speeches inspired majority of 127 held for IS links: NIA

Rediff.com14 Oct 2019

'The NIA has shared with states concerned a list of 125 suspected activists who have close links with the JMB leadership'

Govt says 1,340 'Made in India' ventilators delivered to states

Govt says 1,340 'Made in India' ventilators delivered to states

Rediff.com23 Jun 2020

The prominent recipients include Maharashtra (275), Delhi (275), Gujarat (175), Bihar (100), Karnataka (90), Rajasthan (75).

FM rules out GST waiver on Covid vaccines, says move will make them costlier

FM rules out GST waiver on Covid vaccines, says move will make them costlier

Rediff.com9 May 2021

Currently, domestic supplies and commercial imports of vaccines attract a 5 per cent Goods and Services Tax, while COVID drugs and oxygen concentrators attract a 12 per cent levy.

Greetings pour in as Manmohan Singh turns 88

Greetings pour in as Manmohan Singh turns 88

Rediff.com26 Sep 2020

Singh, who headed the UPA coalition government between 2004 and 2014, turned 88 on Saturday.

State BJP to boycott Mamata's swearing-in, Jaitley to attend

State BJP to boycott Mamata's swearing-in, Jaitley to attend

Rediff.com26 May 2016

"We are boycotting tomorrow's swearing-in ceremony. When our workers are being attacked throughout the state, how can we join the swearing-in ceremony?" state BJP president Dilip Ghosh said.

Oppn-ruled states get Centre to delete 3 GST minutes

Oppn-ruled states get Centre to delete 3 GST minutes

Rediff.com18 Feb 2017

In a first, Opposition-ruled states on Saturday got the Centre to delete from the records three minutes of the last GST Council meeting that provided for tweaking of agreed criteria for division of taxpayers under the Goods and Service Tax regime.

How Centre is squeezing states' revenues

How Centre is squeezing states' revenues

Rediff.com12 Nov 2021

This may lead to the states' combined fiscal deficit to widen much faster, while the Centre may show a smaller or insignificant slippage in meeting its deficit target. The Centre will celebrate over its fiscal prudence, but the states would suffer, A K Bhattacharya points out.

FinMin goes for reshuffle ahead of Budget

FinMin goes for reshuffle ahead of Budget

Rediff.com29 Dec 2015

An announcement has barred the entry of journalists in the finance ministry.

SC flags possible misuse of funds received through electoral bonds

SC flags possible misuse of funds received through electoral bonds

Rediff.com24 Mar 2021

The Supreme Court Wednesday flagged the issue of possible misuse of funds received through electoral bonds by political parties for illegal purposes like terrorism and asked the Centre whether there was any 'control' over how these funds were put to use.

Jump in small savings to burden govt

Jump in small savings to burden govt

Rediff.com22 Nov 2017

The Centre has to bear the maximum burden of borrowing NSSF loans to the tune of Rs 1 lakh crore.

Mamata to skip Modi swearing-in, will send 2 TMC leaders

Mamata to skip Modi swearing-in, will send 2 TMC leaders

Rediff.com24 May 2014

Ending the suspense, West Bengal Chief Minister and Trinamool Congress chief Mamata Banerjee on Friday will be skipping Narendra Modi's swearing-in ceremony on May 26 and will be sending state Finance Minister Amit Mitra and party general secretary Mukul Roy.

When Will Modi Privatise Public Sector Banks?

When Will Modi Privatise Public Sector Banks?

Rediff.com20 Oct 2021

Unlike any other national asset, which is typically sold to the highest bidder, the profile of the bidder is the most important criterion for a licence to bank, and even for acquiring more than 5 per cent stake, explains Tamal Bandyopadhyay.

Hindustan Motors scouting for investors to revive Uttarpara plant

Hindustan Motors scouting for investors to revive Uttarpara plant

Rediff.com14 May 2014

With the resignation of Uttam Bose as managing director and chief executive officer of HM last week, Moloy Chowdhury has been appointed as acting MD and CEO of the company, which owns assets at Uttarpara and Indore.

Ahead of assembly polls, oil companies hold back price hike in March

Ahead of assembly polls, oil companies hold back price hike in March

Rediff.com16 Mar 2021

Government-controlled oil-marketing companies (OMCs) have held back petrol and diesel price revisions for a week and are expected to continue doing so, ostensibly owing to political reasons. It appears that the Centre has informally conveyed to the three major OMCs to not revise fuel prices for the time being, two people in the government said. This informal directive follows the talks between the Centre and states on cutting taxes and bringing the auto fuels under the good service tax regime not fetching the desired results, so far.

Ban on notes will turn out to be a huge scam: Rahul

Ban on notes will turn out to be a huge scam: Rahul

Rediff.com15 Nov 2016

He claimed that Bharatiya Janata Party people were alerted beforehand about the demonetisation. "How can one explain the BJP people in West Bengal depositing crores in high-denomination notes just before PM's announcement on November 8?" Rahul asked. "BJP workers were seen holding up bundles of the new Rs 2000 notes, as seen from images on the Internet, before Modi announced this decision," he told reporters in suburban Bandra.

43 ministers in Mamata's cabinet take oath

43 ministers in Mamata's cabinet take oath

Rediff.com10 May 2021

Three TMC leaders Amit Mitra, Bratya Basu and Rathin Ghosh were sworn-in virtually. Mitra is unwell and both Basu and Ghosh are recuperating from COVID-19.

States race to meet the smart city deadline

States race to meet the smart city deadline

Rediff.com31 Jul 2015

Kerala, Jammu & Kashmir seek more time.

Lead me, follow me or get out of the way: Jaitley

Lead me, follow me or get out of the way: Jaitley

Rediff.com27 Feb 2015

The government's top leadership was happy with Prabhu's Budget.

Hate speech is not freedom of expression: Jaitley vs Yechury in RS

Hate speech is not freedom of expression: Jaitley vs Yechury in RS

Rediff.com25 Feb 2016

The CPI-M leader also demanded the setting up of a House Committee to examine the latest developments in various central universities.

Surat tops list of maximum number of shell firms in India

Surat tops list of maximum number of shell firms in India

Rediff.com16 Nov 2017

2,138 firms deposited unaccounted Rs 5,000 cr in zero-balance accounts during the note ban

Gujarat is most tax-compliant state in AY19, Bihar least

Gujarat is most tax-compliant state in AY19, Bihar least

Rediff.com6 Aug 2020

Among large states, the lowest rate of filing was seen in Bihar at 5 per cent, followed by UP at 8.11 per cent - much below the national average of 12 per cent.

Bandhan Bank plans to boost rural transport, start-ups

Bandhan Bank plans to boost rural transport, start-ups

Rediff.com22 Dec 2015

The microfinance vertical of the bank will provide loans of Rs 80,000 to Rs 1,00,000.

Pranab cremated with full state honours in shadow of pandemic

Pranab cremated with full state honours in shadow of pandemic

Rediff.com1 Sep 2020

Mukherjee's family and relatives paid their last respects clad in PPE kits while conforming to COVID-19 safeguards.