JSW Steel Ltd (JSTL) has announced a restructuring that unlocks value from Bhushan Power & Steel Ltd (BPSL) and changes the balance-sheet. JSTL will do a slump sale of 50 per cent stake in BPSL to Japan's JFE Steel in two equal tranches, totalling Rs 15,700 crore in cash.
rediffGURU T S Khurana answers readers' personal income tax queries
The petition has referred to the Centre's PM Kisan Samman Nidhi Scheme and other programmes announced by some state governments such as Andhra Pradesh, West Bengal, Telangana, Odisha and Jharkhand which, it claimed, helped the parties in power at the Centre and states get political advantage in the recently concluded general elections.
Both NDA and INDIA are racing to woo marginalised groups with Assembly polls fast approaching.
Left to its machinations, the BJP would have loved to cut Nitish down to size, but it can't afford to do so as the JD-U is in alliance with the BJP at the Centre, and cannot form a government on its own in Bihar. For now, both need each other: Nitish for legitimacy, the BJP for numbers, points out Ramesh Menon.
New schemes allows consumers without Aadhaar to receive cash directly in their bank accounts
Any industrial policy is only as good as how it is applied and the other reforms that support it. This was as true 40 years ago as it is now, points out Debashis Basu.
Karnataka Chief Minister Siddaramaiah on Monday launched payment of cash in lieu of the additional 5 kg of rice to beneficiaries under the government's 'Anna Bhagya' scheme.
'Women' as a political constituency appears to be an idea that has come of age. It is changing India in ways that we only dimly understand, asserts Aditi Phadnis.
'We are not incentivising the old tax scheme. These taxpayers will also shift to the new regime after comparison.'
'Legally clean farmland is difficult to find. It requires time, money, and legal effort to verify the title.'
rediffGURU T S Khurana answers readers' personal income tax queries
Delhi's crime rate against women stood at 144.4 in 2022 -- the highest among all states and Union Territories.
The Direct Benefit Transfer for LPG scheme was rolled out in 291 districts from June 1, 2013 in six phases to do away with the practice of selling the fuel at below cost rates.
This will cost the government Rs 3.1 trillion, about 10 per cent of its annual expenditure, and higher than any other spending item in its Budget.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The Enforcement Directorate (ED) has alleged that Chaitanya Baghel, son of former Chhattisgarh chief minister Bhupesh Baghel, handled over Rs 1,000 crore worth of proceeds from a liquor scam and used Rs 16.7 crore for his real estate project.
The strategy was straightforward - aggressively buy select Bank Nifty index stocks in the morning and sell them just as forcefully later in the day, triggering a sharp drop in share prices.
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
The Trinamool Congress on Saturday promised to roll out a direct cash transfer scheme for women in Goa if it is voted to power in the state after the Assembly polls due in February next year.
'A staggered investment approach (using SIP or STP) can help investors benefit from this opportunity while reducing timing risk.'
The raids were linked to a sophisticated organised investment fraud scheme targeting unsuspecting individuals through fake mobile apps and WhatsApp groups.
The Securities and Exchange Board of India (Sebi) on Thursday debarred Ketan Parekh, the stock market operator involved in the stock market scam of 2000, Singapore-based trader Rohit Salgaocar, and one other individual from the securities market for alleged front-running of trades of a United States (US)-based foreign portfolio investor (FPI). The FPI manages around $2.5 trillion worth of funds globally.
'No one can ignore PK's prediction about Nitish Kumar's party.'
Aap ka paisa, aap ke haath (direct cash transfer). This is the new slogan with which the Congress hopes to woo back the aam admi, the poor, the marginalised and the weaker sections as the government has launched an ambitious direct cash transfer scheme with Union Finance Minister P Chidambaram calling it a 'game changer'.
Maharashtra Chief Minister Devendra Fadnavis on Thursday assured his government will continue the Ladki Bahin Yojana and fulfil Mahayuti's pre-poll promise of hiking the monthly stipend under the scheme to Rs 2,100 from Rs 1,500 now to eligible women.
Assam Chief Minister Himanta Biswa Sarma believes that the BJP could win more seats in the state by aggressively campaigning in minority-dominated areas. He attributed the party's recent success in the bypolls to its beneficiary schemes, which he claims have garnered support from the minority community. Sarma emphasized that the BJP will continue with its development work for all communities and has no plans for appeasement. He also gave an update on the Guwahati-North Guwahati bridge project, which is progressing well and is scheduled to be opened to the public in July 2025. Sarma also hinted at a possible cabinet reshuffle in the coming months.
The research found that 50% of the people were receiving either nothing or less cash than they were entitled in lieu of the subsidised grains that were stopped under the pilots starting from September 2015 till May 2016.
The monthly Rs 2500 payment for poor women is expected to cost Rs 11,000 crore while the pension scheme of Rs 2000 for every senior citizen will cost around Rs 4100 crore. The Yamuna clean up will cost over Rs 10,000 crore while a similar amount is required to upgrade Delhi's hospitals. Ultimately, the new BJP government will have no choice but to ask the centre for financial support, notes Rashme Sehgal.
rediffGURU T S Khurana answers readers' personal income tax queries.
It asked the Centre to keep allocating food grains to the states, UTs for distribution among migrant workers for free till the pandemic situation exists.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The government appointed panel will look at the difficulties consumers faced in receiving the subsidy after buying gas cylinders at market rates.
The banks argue since the scale of credits is unforeseen, they will have to bear an unknown cost of servicing these accounts.
Fraudsters lure individuals with false promises of recovering bonuses or maturity proceeds from lapsed policies.
More than ever before, women voters can make or mar a political party's electoral fortunes.
India's deployment of a direct cash transfer scheme and other similar social welfare programmes is a "logistical marvel", the International Monetary Fund (IMF) said on Wednesday. "From India, there is a lot to learn. There is a lot to learn from some other examples around the world. "We have examples from pretty much every continent and every level of income. "If I look at the case of India, it is actually quite impressive," Paolo Mauro, deputy director of the Fiscal Affairs Department at the IMF, told reporters at a news conference in Washington.
Eknath Shinde, a former auto-rickshaw driver, has emerged as a key leader in Maharashtra, culminating in his appointment as Deputy Chief Minister. His journey from a Shiv Sena rebel to a dominant figure in the state's politics is a testament to his resilience and political acumen. He gained popularity for his pro-people stance and his contributions to infrastructure projects and social welfare schemes, solidifying his position as a powerful player in the Mahayuti alliance.
In a move that shows the urgency and seriousness with which the UPA 2 is planning the execution of first phase of direct cash transfer scheme before the January 1, 2013, deadline it has set for itself, the Union government has notified formation of two core committees -- called Mission Mode Committees -- tasked with rollout of the scheme. Prasanna D Zore reports from New Delhi.
The respect for the four-time former chief minister, often referred to as Saheb, in his stronghold of western Maharashtra is palpable in much of the region. But his estranged nephew also appears to enjoy a stature of his own in Baramati, a constituency represented by the senior Pawar for six terms before he passed the baton to Ajit Pawar in 1991.
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