News for 'central funds'

Odisha forest department buys Mahindra Thars from disaster fund, finds CAG

Odisha forest department buys Mahindra Thars from disaster fund, finds CAG

Rediff.com20 Apr 2026

A special audit by the Comptroller and Auditor General (CAG) has revealed that Odisha's forest and environment department sidestepped central guidelines, procuring and customising Mahindra Thar SUVs worth 17 crore from the State Disaster Response Fund (SDRF) for forest protection, despite the funds being earmarked for 'preparedness and capacity building'.

Operative behind Ram temple recce among 23 designated as terrorists

Operative behind Ram temple recce among 23 designated as terrorists

Rediff.com4 Jul 2026

The Union Home Ministry has designated 23 individuals based in Pakistan and Pakistan-occupied Jammu and Kashmir (PoJK) as terrorists under the Unlawful Activities (Prevention) Act (UAPA) for their involvement in infiltration, recruitment, logistics, financing, and operational planning targeting India.

Who Will Lord Ram Bestow His Blessings On In UP Polls?

Who Will Lord Ram Bestow His Blessings On In UP Polls?

Rediff.com9 Jul 2026

The monsoon session of Parliament will set the tone for how the Hindu community feels about what happened at the Ram Mandir. Whether emotions will be stirred within the voters of India lies solely at the oratory skills of the Congressis and Samajwadis, notes Zainab Sikander.

India for open Indo-Pacific, against expansionism, Modi tells Indonesian parliament

India for open Indo-Pacific, against expansionism, Modi tells Indonesian parliament

Rediff.com7 Jul 2026

Prime Minister Narendra Modi addressed the Indonesian parliament, emphasising India's commitment to development over expansionism and advocating for a free, open, and inclusive Indo-Pacific. He highlighted the strong historical ties between India and Indonesia, calling for enhanced cooperation in various sectors, including defence, technology, and counter-terrorism, amidst growing concerns over regional security.

Kerala's PM SHRI Scheme: LDF Accuses UDF Of Misinformation And Double Standards

Kerala's PM SHRI Scheme: LDF Accuses UDF Of Misinformation And Double Standards

Rediff.com8 Jun 2026

Senior CPI(M) leader V Sivankutty has criticised the Kerala UDF government for allegedly spreading misinformation about the Centre's PM SHRI scheme and attempting to implement it despite earlier opposition. He clarified that the previous LDF government froze the agreement over concerns about the National Education Policy and that funds received were not for PM SHRI. The scheme continues to be a politically contentious issue in the state.

Banking system liquidity in deficit after 3 months

Banking system liquidity in deficit after 3 months

Rediff.com24 Jun 2026

India's banking system liquidity has fallen into a deficit for the first time in nearly three months, prompting the Reserve Bank of India (RBI) to inject 1.41 trillion through a seven-day variable rate repo (VRR) auction to ease the temporary tightness.

Cooperative Official Arrested In Odisha For Embezzlement

Cooperative Official Arrested In Odisha For Embezzlement

Rediff.com30 May 2026

Odisha Vigilance arrested a cooperative official, Patitapaban Majhi, for allegedly misappropriating over Rs 33 lakh in government funds during his tenure at the Garhsantri Service Co-operative Society.

Anil Ambani Aide In CBI Custody Over Rs 9,280 Crore Fraud

Anil Ambani Aide In CBI Custody Over Rs 9,280 Crore Fraud

Rediff.com10 Jun 2026

Amitabh Jhunjhunwala, former Managing Director of the Anil Dhirubhai Ambani Group, has been remanded in CBI custody in an alleged bank fraud case involving Reliance Commercial Finance Limited (RCFL) worth Rs 9,280 crore. The CBI alleges misappropriation of loan funds and violations of RBI guidelines, while Jhunjhunwala's lawyers claim he is a scapegoat.

Adityanath Accuses TMC of Pushing West Bengal into 'Identity Crisis'

Adityanath Accuses TMC of Pushing West Bengal into 'Identity Crisis'

Rediff.com16 Apr 2026

Uttar Pradesh Chief Minister Yogi Adityanath criticised the TMC, alleging corruption and 'mafia rule' have created an 'identity crisis' in West Bengal. He urged voters to support the BJP in the upcoming elections, promising a 'double-engine' government for development.

Abhishek Banerjee Demands Release Of Bengal Funds

Abhishek Banerjee Demands Release Of Bengal Funds

Rediff.com19 Apr 2026

TMC leader Abhishek Banerjee has urged Prime Minister Narendra Modi to release pending central dues to West Bengal before professing his love for the state. Banerjee also criticised BJP leaders for their reaction to the 'Jai Bangla' slogan and accused the BJP of failing to act on its promise to develop the Sagar islands.

Fresh blow to Mamata: TMC's Rs 675-cr war chest becomes new battleground

Fresh blow to Mamata: TMC's Rs 675-cr war chest becomes new battleground

Rediff.com18 Jun 2026

The internecine war within the Trinamool Congress took a new turn on Thursday with "party treasurer" Aroop Biswas writing to a bank seeking restrictions on the operation of the party's accounts, citing uncertainty over its legitimate leadership amid rebellions by MLAs and MPs.

'USA-Iran Deal Is Not Enforceable'

'USA-Iran Deal Is Not Enforceable'

Rediff.com23 Jun 2026

'Actual implementation of the 14-point agreement is proving hard to achieve let alone striking and sustaining a long-term treaty or deal.'

Why Banks Are Raising Deposit Rates

Why Banks Are Raising Deposit Rates

Rediff.com26 Jun 2026

The RBI seems to be acknowledging that all deposits are not equal -- a deposit with a lower run-off assumption is inherently more valuable than one that could disappear overnight, points out Tamal Bandyopadhyay.

At least 164 killed, around 1,000 hurt as quakes rock Venezuela

At least 164 killed, around 1,000 hurt as quakes rock Venezuela

Rediff.com25 Jun 2026

At least 32 people have been killed and over 700 injured after two powerful earthquakes struck western Venezuela, with Acting President Delcy Rodriguez declaring La Guaira a disaster zone and warning the death toll is expected to rise as rescue operations continue.

Pakistan Hockey Federation Receives Government Funds for Key FIH Events

Pakistan Hockey Federation Receives Government Funds for Key FIH Events

Rediff.com10 Apr 2026

The Pakistan Hockey Federation (PHF) has confirmed that the government has released funds for the national team's participation in the FIH Nations League and the FIH World Cup. However, player Abdul Hannan Shahid has raised concerns about low daily allowances and lack of financial support for players.

Which Is India's Fastest Growing State?

Which Is India's Fastest Growing State?

Rediff.com27 May 2026

Assam emerged as the fastest-growing large state with a remarkable 17.3 per cent nominal GDP CAGR over five years.

CBI Takes Over Probe into 550 Crore Haryana Government Fund Embezzlement

CBI Takes Over Probe into 550 Crore Haryana Government Fund Embezzlement

Rediff.com9 Apr 2026

The CBI has registered an FIR to investigate the alleged embezzlement of 550 crore from Haryana government accounts held with IDFC First Bank, following a referral from the state government.

US-Iran peace deal: Tehran gives up nuke bid, wins sanctions relief

US-Iran peace deal: Tehran gives up nuke bid, wins sanctions relief

Rediff.com18 Jun 2026

The United States and Iran have reached an agreement in principle to immediately and permanently halt all military operations, lift sanctions, and work towards a comprehensive final agreement within 60 days, including a significant reconstruction package for Iran.

Bihar's Shubham Kumar Tops JEE Advanced

Bihar's Shubham Kumar Tops JEE Advanced

Rediff.com1 Jun 2026

Shubham Kumar from the IIT-Delhi zone has secured an All India Rank (AIR) in the IIT-JEE Advanced 2026 results declared by IIT-Roorkee.

Hyderabad sees high-voltage drama as Cong ministers, BRS leaders lock horns

Hyderabad sees high-voltage drama as Cong ministers, BRS leaders lock horns

Rediff.com2 Jul 2026

A high drama unfolded in Hyderabad on Thursday as ministers of the Congress government arrived at the Telangana Martyrs' Memorial to engage in a public debate with the opposition Bharat Rashtra Samithi leaders over allegations of scams and debt accumulation that both the ruling and opposition parties have raised against each other.

Former RCom MD Amitabh Jhunjhunwala In Judicial Custody

Former RCom MD Amitabh Jhunjhunwala In Judicial Custody

Rediff.com5 Jun 2026

Amitabh Jhunjhunwala, former group managing director of Anil Ambani-led Reliance Communications, has been remanded in 14-day judicial custody in an alleged bank loan fraud case. The CBI alleges misutilisation of loan funds, causing significant losses to a consortium of banks led by SBI.

Banks Make Record Profits, But Worry Because...

Banks Make Record Profits, But Worry Because...

Rediff.com16 Jun 2026

The asymmetry in deposit and credit growth is the biggest challenge before the Indian banking industry. For every 100 deposit that a bank mobilises, it needs to keep 3 with the banking regulator in the form of cash reserve ratio on which it doesn't earn any interest. Another 18 is used for buying government bonds (statutory liquidity ratio). This means, a bank is left with 79 for giving credit. Add to this, its capital which can be used for giving loans. Most banks are facing a fund crunch. They need to find ways to attract deposits if they want to sustain credit growth, explains Tamal Bandyopadhyay.

Nimbalkar murder case: 8, including Maha dy CM's brother, acquitted

Nimbalkar murder case: 8, including Maha dy CM's brother, acquitted

Rediff.com20 Jun 2026

A special CBI court in Mumbai acquitted former Maharashtra home minister Padamsinh Patil and seven others in the 2006 murder case of Congress leader Pawanraje Nimbalkar and his driver, citing the prosecution's failure to prove the conspiracy and finding the approver's testimony doubtful. The CBI has announced its intention to appeal the verdict in the Bombay High Court.

'Terrorist is a terrorist,' no justification for murderous ideology: India at UN

'Terrorist is a terrorist,' no justification for murderous ideology: India at UN

Rediff.com2 Jul 2026

India's Permanent Representative to the UN, Ambassador Harish Parvathaneni, asserted that 'a terrorist is a terrorist' and called on the international community to collectively root out the 'murderous ideology' without seeking any justification for terrorism.

Court allows CBI to arrest Reliance Group executive in bank loan case

Court allows CBI to arrest Reliance Group executive in bank loan case

Rediff.com2 Jun 2026

A Mumbai court has granted the CBI permission to arrest Amitabh Jhunjhunwala, a former senior executive at Reliance Group, in connection with a case involving the alleged misuse of bank loans. Jhunjhunwala was already in judicial custody in Delhi for a related money laundering case.

PSU External Borrowings May Top $15 Billion in FY27 Amid RBI Incentives

PSU External Borrowings May Top $15 Billion in FY27 Amid RBI Incentives

Rediff.com8 Jun 2026

State-owned enterprises in India are projected to significantly increase their overseas borrowings, potentially exceeding $15 billion in FY27, driven by the Reserve Bank of India's new concessional forex swap facility which offers a 3 per cent funding-cost advantage.

Ayodhya lawyers not to defend Ram temple accused; want Champat Rai, others to leave

Ayodhya lawyers not to defend Ram temple accused; want Champat Rai, others to leave

Rediff.com29 Jun 2026

The Faizabad Bar Association in Ayodhya has resolved that its members will not represent the eight individuals accused of embezzling donations from the Ram Temple, imposing a Rs 5 lakh penalty on any lawyer who violates this decision. The association also demanded that Champat Rai, Anil Mishra, and Gopal Rao, associated with the temple management, leave Ayodhya within three days, threatening a city blockade if they do not comply.

In Rs 1 trn urban fund, cities to get Rs 10K cr for capacity building, credit guarantee

In Rs 1 trn urban fund, cities to get Rs 10K cr for capacity building, credit guarantee

Rediff.com16 Apr 2026

The Indian government has launched the Urban Challenge Fund (UCF) with a total outlay of Rs 1 lakh crore, aiming to leverage private and market finance for urban infrastructure projects by providing state support in capacity building and credit guarantees.

HLPP Vs Term Plan: Which Is Better?

HLPP Vs Term Plan: Which Is Better?

Rediff.com1 Jul 2026

An Home Loan Protection Plan repays the outstanding loan if the borrower dies or suffers a covered disability.

'King Kasab': Maha minister's remark fuels fresh KEM Hospital renaming row

'King Kasab': Maha minister's remark fuels fresh KEM Hospital renaming row

Rediff.com23 Jun 2026

Maharashtra minister Mangal Prabhat Lodha has ignited a controversy by proposing to rename Mumbai's KEM Hospital, referring to King Edward VII as "King Kasab" who "looted India". The proposal faces opposition from other political parties, with the state government stating no final decision has been made.

ED Attaches Unitech Group Assets In Money Laundering Case

ED Attaches Unitech Group Assets In Money Laundering Case

Rediff.com29 May 2026

The Enforcement Directorate has attached assets worth Rs 634 crore of a Unitech Group realty project in Noida as part of a money laundering investigation linked to alleged fraud with homebuyers.

Maharashtra plans Devabhau, Chhava taxis to take on Uber/Ola, activists cry foul

Maharashtra plans Devabhau, Chhava taxis to take on Uber/Ola, activists cry foul

Rediff.com16 Jun 2026

Maharashtra BJP MLC Pravin Darekar announced the launch of 'Devabhau' and 'Chhava' cooperative taxi services in Mumbai, aiming to counter private aggregators and benefit drivers directly, but the scheme has drawn sharp criticism from social activist Anjali Damania and the Opposition Congress over the proposed use of Mumbai Bank funds and its political branding.

Abhishek Banerjee Alleges Centre Starving West Bengal by Blocking Funds

Abhishek Banerjee Alleges Centre Starving West Bengal by Blocking Funds

Rediff.com5 Apr 2026

Trinamool Congress leader Abhishek Banerjee accuses the central government of withholding funds from West Bengal to punish voters for supporting the TMC, while highlighting state-led initiatives to support the population.

Delhi Driver Arrested For Siphoning Funds From Elderly Patient

Delhi Driver Arrested For Siphoning Funds From Elderly Patient

Rediff.com11 May 2026

A 39-year-old driver in Delhi, employed by a family for 15 years, has been arrested for allegedly exploiting an elderly Alzheimer's patient and siphoning off Rs 2.57 lakh through unauthorised UPI transactions.

Over 20 lakh aspirants take NEET re-test in India, abroad amid tight security

Over 20 lakh aspirants take NEET re-test in India, abroad amid tight security

Rediff.com21 Jun 2026

The NEET-UG re-exam was held at centres across the country and overseas on Sunday amid tight security arrangements for the smooth conduct of the examination.

'Only Small Fish Have Been Caught For Ram Temple Theft'

'Only Small Fish Have Been Caught For Ram Temple Theft'

Rediff.com30 Jun 2026

''These people who were running the show at the Ram temple have something to hide, therefore they are not ready for a CBI investigation.'

Sarma Accuses Mamata Of Diverting Funds To Infiltrators

Sarma Accuses Mamata Of Diverting Funds To Infiltrators

Rediff.com18 Apr 2026

Assam Chief Minister Himanta Biswa Sarma has accused West Bengal's Mamata Banerjee government of diverting resources to 'Bangladeshi Muslim infiltrators' and warned of losing Bengal if she remains in power.

REL: No central funds

REL: No central funds

Rediff.com8 Jan 2005

Check AIS Before Filing Tax Returns

Check AIS Before Filing Tax Returns

Rediff.com9 Jun 2026

'AIS helps taxpayers check whether all income streams and reportable transactions -- such as interest from old bank accounts, small dividend receipts or transactions across multiple brokers -- have been properly disclosed.' 'Mismatches between these transactions and declared income may trigger automated notices or scrutiny.'

CBI repatriates cybercrime kingpin, murder accused from Thailand, Georgia

CBI repatriates cybercrime kingpin, murder accused from Thailand, Georgia

Rediff.com12 Jun 2026

The CBI successfully coordinated the repatriation of Ganesh Balaso Kale, a cybercrime suspect from Thailand, and Vainket Garg, wanted for murder and other offences, from Georgia, demonstrating effective international law enforcement cooperation.