The Chief Justice of India (CJI) Sanjiv Khanna has assured bar leaders that he will consider their demand for withdrawal of the collegium's recommendation to transfer Delhi High Court's Justice Yashwant Varma. The decision came after representatives of six bar associations of different high courts met with the CJI and other collegium members. The bar associations are protesting the proposed repatriation of Justice Varma to his parent high court, alleging that the evidence in a fire incident at his residence was tampered with. The bar associations have also raised concerns about the non-registration of an FIR in the incident.
In a bid to curb spending, the government will soon unveil a novel 'Exchequer Control' scheme, which will bar ministries to withdraw money from banks beyond a pre-set limit for a specified period.
The most common mistake is investing without assessing suitability and long-term implications.
An India-Pakistan fixture in an ICC event generates revenue to the tune of a staggering 'USD 250 million (over Rs 2200 crore', as per some estimates and the absence of the cash-cow fixture from the upcoming T20 World Cup is certain to cause heavy losses to all stakeholders.
The Budget emerges as a measured, credible and forward-looking policy document that reinforces India's commitment to remaining a stable, reform-oriented economy amid an increasingly fragmented global landscape, says A Balasubramanian.
The Securities and Exchange Board of India (Sebi) has granted a no-objection certificate (NOC) to the National Stock Exchange of India (NSE), paving the way for the country's biggest exchange - currently valued at 5 trillion in the unlisted market - to file draft documents for its long-awaited initial public offering (IPO).
SBI to introduce OTP-based ATM transactions and the new feature will not require any major change in the present process to withdraw cash.
The Reserve Bank of India's (RBI's) Payment Systems Report highlighted that between 2019 and 2024, credit card transactions doubled in volume and almost tripled in value. During the same period, however, debit card transactions witnessed a decline, both in volume and value.
Officials aware of the procedure to appoint and remove Supreme Court and high court judges pointed out that while defending his case before lawmakers in any of the House, Justice Varma can announce that he is quitting and his verbal statement will be considered as his resignation.
After investing a staggering amount in May, foreign investors turned net sellers with a withdrawal of Rs 8,749 crore from the Indian equity markets in the first week of this month triggered by renewed US-China trade tensions and rising US bond yields. This momentum follows a net investment of Rs 19,860 crore in May and Rs 4,223 crore in April, data with the depositories showed.
The Chief Justice of India (CJI) Sanjiv Khanna has ordered an in-house inquiry into allegations against a Delhi High Court judge, Justice Yashwant Varma, after reports of burnt cash being found at his residence. The inquiry will be conducted by a three-member committee headed by Justice Sheel Nagu, Chief Justice of the Punjab and Haryana High Court. The allegations stem from a report by the Delhi High Court Chief Justice Devendra Kumar Upadhyaya, who stated that four to five semi-burnt sacks of Indian currency notes were found at Justice Varma's residence following a fire. Justice Varma has strongly denied the allegations, calling them a conspiracy to frame him.
Justice Yashwant Varma, a Delhi High Court judge, has been transferred to his parent Allahabad High Court amid a controversy surrounding the alleged discovery of a large sum of cash at his official residence. The Supreme Court Collegium recommended the transfer, stating it was separate from an in-house probe ordered by the top court into the alleged cash find. The incident occurred following a fire at Justice Varma's residence on Holi night, March 14. Justice Varma has vehemently denied any involvement in the alleged cash discovery, calling it a conspiracy to frame him.
ICICI Bank on Tuesday introduced cash withdrawal facility at point of sale (PoS) terminals at merchant outlets.
rediffGURU T S Khurana answers readers' personal income tax queries
A BMC spokesperson said the average voter turnout stood at 29.96 per cent till 1.30 pm in the metropolis, which has more than 1 crore eligible electors.
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Officials aware of the procedure to appoint and remove Supreme Court and high court judges pointed out that while defending his case before lawmakers in any of the House, Justice Varma can announce that he is quitting and his verbal statement will be considered as his resignation.
Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP) are very crucial. Here, we will help you understand how these tools can pave the way for a stress-free retirement.
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The Reserve Bank of India on Friday permitted banks to increase charges on ATM cash withdrawals beyond the mandatory free monthly usage by Rs 2 to Rs 23 per transaction from May 1.
Votes will be counted on January 16 and the outcome will be keenly watched as the BJP-led Mahayuti will seek to stamp its supremacy in urban landscape, especially in Mumbai, while the Opposition parties will try to redeem themselves after last year's rout in assembly polls.
The Reserve Bank of India (RBI) on Wednesday proposed to make interoperability mandatory for digital payments firms. It also allowed users to withdraw cash from e-wallets and fintech companies to process RTGS and NEFT transactions. The RBI expressed dissatisfaction over prepaid payment instruments' (PPIs') failure to migrate towards full-KYC (know your customer) PPIs, and therefore interoperability, even two years after guidelines were issued.
UPI has catapulted India into the forefront on the global digital payments landscape. Working hand in hand, the AePS payments system is making life easy for rural folks, notes Tamal Bandyopadhyay.
The Karnataka government has withdrawn its order directing the Criminal Investigation Department to probe possible lapses and dereliction of duty by police officers at Kempegowda International Airport in Bengaluru in connection with actor Ranya Rao's gold smuggling case. The CID probe order was issued on Monday night. A subsequent order on Wednesday withdrawing the CID investigation stated that Additional Chief Secretary Gaurav Gupta is already probing the possible role of Ranya's stepfather, K Ramachandra Rao, a DGP-rank officer, in the case. Gupta's inquiry will focus on the facts and circumstances leading to the misuse of protocol-related facilities and Rao's involvement in the case. Recently, gold bars worth Rs 12.56 crore were seized from Ranya at Kempegowda International Airport here. The next day, officials said, searches were conducted at her residence where gold jewellery worth Rs 2.06 crore and Rs 2.67 crore in cash were recovered.
By June 2025, financial freedom will be just an ATM away. Pleasantly surprised? But there's more, says Ramalingam Kalirajan
The facility is now available at 258 Big Bazaar and fbb stores in over 115 cities and towns across the country
'Most tax notices arise not from wrongdoing, but from unintentional mismatch or ignorance.'
'I will not be surprised if there is a 7 per cent handle in front of the decimal place for the full financial year.'
The decision is aimed at discouraging hoarding of valid currency notes
Using credit or debit cards abroad can prove costly.
A plea in the Supreme Court of India seeks a direction to Delhi Police to lodge an FIR over the alleged discovery of semi-burnt stash of cash from the official residence of Delhi High Court judge Yashwant Varma. The plea challenges a 1991 judgement that prohibits criminal proceedings against judges without prior consent from the Chief Justice of India, arguing it violates the principle of equality before the law. It also seeks to declare the collegium's 3-member committee investigating the incident as having no jurisdiction and calls for action against corruption within the judiciary.
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.
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Ruling Bharatiya Janata Party's Sirsa candidate Rohtash Jangra on Monday said he has withdrawn his nomination and hinted that the party may back sitting MLA Gopal Kanda, who has been supporting the state government.
'Sandbagging' means a player deliberately losing his games, along with it his rating points, so as to play in a lower rated player tournaments and win cash prizes.
The IBPS clerk application form for 2025 will be released on July 31. The IBPS Clerk preliminary exam 2025 is scheduled to be held on October 4, 5 and 11.
The transition to UPI-based ATMs will be gradual, and consumers will not immediately switch to using standalone UPI ATMs overnight.
The interchange fee -- paid by the card-issuing bank when a customer swipes at another bank's ATM, including at white-label ATMs -- may be raised to Rs 20 to Rs 23.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The rate of cash withdrawals over deposits was almost double in Uttar Pradesh, Andhra Pradesh and Telangana, according to the latest analysis submitted by the RBI to the finance ministry.
