News for 'compliance'

Tata Sons chief urges safer skies after AI crash; panel probes causes

Tata Sons chief urges safer skies after AI crash; panel probes causes

Rediff.com17 Jun 2025

Addressing close to 700 employees and the leadership team across the Air India headquarters and Air India Training Academy in Gurugram, Chandrasekaran urged them to stay on course, terming the accident the most "heartbreaking" crisis of his career.

Which is the new battleground in tax disputes?

Which is the new battleground in tax disputes?

Rediff.com25 Jun 2025

In October 2024, Jindal Stainless challenged a Goods and Services Tax (GST) notice in the Delhi high court. It was about corporate guarantees issued to related parties by its former group company, Jindal Stainless (Hisar), before their merger in March 2023.

Outlook gloomy for corporate share in direct tax mopup

Outlook gloomy for corporate share in direct tax mopup

Rediff.com19 Apr 2025

Companies may foot less of the tax bill for some time yet. The corporate share of net direct tax collections has been lower in 2024-25 than in previous years. The corporate segment accounted for 45.6 per cent of total net direct tax collections as of March 16, compared to 48.1 per cent on the same date in 2023-24 (FY24).

What DGCA Wants AI To Check Before B787 Flights

What DGCA Wants AI To Check Before B787 Flights

Rediff.com14 Jun 2025

The DGCA directive called for a series of specific checks before each flight's departure from India, including inspection of fuel parameter monitoring systems, cabin air compressors, and electronic engine control units.

Chopper crashes near Kedarnath, all 7 on board killed; AAIB to probe

Chopper crashes near Kedarnath, all 7 on board killed; AAIB to probe

Rediff.com15 Jun 2025

Rudraprayag District Disaster Management Officer Nandan Singh Rajwar told PTI that the accident took place above the forests of Gaurikund amid poor visibility due to bad weather.

Divorce granted... Chahal's massive settlement REVEALED

Divorce granted... Chahal's massive settlement REVEALED

Rediff.com20 Mar 2025

Indian cricketer Yuzvendra Chahal and his estranged wife Dhanashree Verma have been granted a divorce by mutual consent by a family court in Mumbai.

Public-promoter confusion deepens with switches across companies

Public-promoter confusion deepens with switches across companies

Rediff.com24 May 2025

There have been multiple instances of the same entity appearing as both a public shareholder as well as under the promoter classification in some listed companies. And this dual-classification happened in the same quarter, according to data compiled by primedatabase.com.

Elon Musk's Starlink gets satcom nod for India

Elon Musk's Starlink gets satcom nod for India

Rediff.com6 Jun 2025

Elon Musk's Starlink has got licence for satcom services in India, according to sources.

AI plane crash death toll hits 270 as families wait for bodies

AI plane crash death toll hits 270 as families wait for bodies

Rediff.com14 Jun 2025

The process of identification of victims by matching the DNA samples is currently underway, and the bodies will be handed over to their relatives once the process is complete.

AI will bring in 'humongous changes': IT Minister Vaishnaw

AI will bring in 'humongous changes': IT Minister Vaishnaw

Rediff.com30 May 2025

'I think that kind of change is coming. We should stay prepared for that change, whichever industry or sector we are in, we must be prepared.'

Celebi's clearance revoked citing unprecedented threat: Govt

Celebi's clearance revoked citing unprecedented threat: Govt

Rediff.com22 May 2025

The Indian government defended its decision to revoke the security clearance of Turkey-based Celebi without warning, citing an "unprecedented" threat to aviation security. Solicitor General Tushar Mehta argued that giving a hearing or reasons before taking action would "defeat the purpose" in matters of national security. The decision came after Turkey backed Pakistan and condemned India's airstrikes on terror camps in the neighboring country. Celebi, which operates at nine Indian airports, has challenged the government's move in court.

Uniform unites, not religion, says HC; upholds Army officer's sacking

Uniform unites, not religion, says HC; upholds Army officer's sacking

Rediff.com1 Jun 2025

A bench of Justices Navin Chawla and Shalinder Kaur rejected the petition by the Indian Army Lieutenant, who served as a 'Troop Leader' of a squadron, against the termination order passed on March 3, 2021, that dismissed him from the Indian Army without pension and gratuity.

SC stays sacking of untainted Bengal teachers, for now

SC stays sacking of untainted Bengal teachers, for now

Rediff.com17 Apr 2025

The Supreme Court has extended the services of terminated teachers in West Bengal who were found untainted by the CBI, providing relief to the state. The court did not, however, extend the services of grade 'C' and 'D' employees of state-run and aided schools. The court directed the state government to start the recruitment process by May 31 and conclude it by December 31.

'Digital Arrest?' Don't Panic!

'Digital Arrest?' Don't Panic!

Rediff.com5 May 2025

Targets should avoid panicking and hang up. 'Disconnecting stops the scammers from building psychological pressure.'

Sports Ministry's directives make IOA uneasy

Sports Ministry's directives make IOA uneasy

Rediff.com20 May 2025

The ministry said the Games Technical Conduct Committee, list of disciplines in the National Games, and eligibility criteria for participants should be communicated to it at least six months prior to the showpiece.

GST collection grows 10% to over Rs 1.96 lakh cr in March, second-highest ever

GST collection grows 10% to over Rs 1.96 lakh cr in March, second-highest ever

Rediff.com1 Apr 2025

Gross GST collection in March grew 9.9 per cent to over Rs 1.96 lakh crore, government data showed on Tuesday.

IndusInd Bank may now face ICAI probe

IndusInd Bank may now face ICAI probe

Rediff.com14 Mar 2025

Chartered accountants' apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting to the tune of Rs 2,100 crore. The private sector lender, on March 10, disclosed about some discrepancies in its derivatives portfolio which could have an adverse impact of about 2.35 per cent of the bank's net worth as of December 2024 as per its internal review.

Red alert in Amritsar, people asked to stay indoors as Pak breaks truce

Red alert in Amritsar, people asked to stay indoors as Pak breaks truce

Rediff.com11 May 2025

Earlier, at 4:39 am, the district collector had also advised residents to keep lights off and avoid going near windows, roads, balconies, or terraces.

SC extends bail to Ashoka university professor, bars posts on FIR

SC extends bail to Ashoka university professor, bars posts on FIR

Rediff.com29 May 2025

The Supreme Court of India has extended the interim bail of Ashoka University professor Ali Khan Mahmudabad, who was arrested for contentious social media posts on Operation Sindoor. The court, however, restrained him from posting anything online with respect to the cases against him, stating that there was no impediment on his right to speech and expression. The court directed the Special Investigation Team (SIT) to furnish the investigation report on the next date of hearing.

I-T dept notifies ITR forms 1, 4 for AY 2025-26

I-T dept notifies ITR forms 1, 4 for AY 2025-26

Rediff.com30 Apr 2025

The income tax department has notified ITR forms 1 and 4 for assessment year (AY) 2025-26 that are to be filed by individuals and entities with total income of up to Rs 50 lakh a year. Now individuals having long-term capital gains of up to Rs 1.25 lakh in a fiscal year can also file ITR-1.

Centre, Chh'garh must ensure peace, rehab in Maoist-hit areas: SC

Centre, Chh'garh must ensure peace, rehab in Maoist-hit areas: SC

Rediff.com4 Jun 2025

Referring to the enactment of the Chhattisgarh Auxiliary Armed Police Force Act, 2011 which created a trained force to aid and assist the security forces in maintaining law and order in the state, the bench said in its view it cannot be said to be an act of contempt of the order of 2011 passed by this court.

Can AI Improve Customer Service At PSBs?

Can AI Improve Customer Service At PSBs?

Rediff.com20 May 2025

'AI analyses body language, etiquette, and communication skills, providing an in-depth performance matrix and a ranking system to help employees identify areas of improvement.'

Maha cyber flags online threats, acts against Wikipedia, Proton Mail

Maha cyber flags online threats, acts against Wikipedia, Proton Mail

Rediff.com12 Apr 2025

Maharashtra Cyber has issued advisories to various state government departments, including police, to take precautionary steps to avoid cyber attacks after the credentials of many of these departments were found on the darknet. The departments include the Maharashtra Public Service Commission, the Directorate General of Information and Public Relations (DGIPR), the Electricity Department, Maha DBT, among others. Maharashtra Cyber has also written to the Ministry of Electronics and Information Technology (MeitY) recommending blocking of Wikipedia and Proton Mail platforms under relevant sections of the Information Technology Act for failing to comply with specific police directives.

Bhushan Steel Case: Urgent Need For IBC Reforms

Bhushan Steel Case: Urgent Need For IBC Reforms

Rediff.com29 May 2025

The Supreme Court's ruling in the BPSL case exposes deep flaws in the IBC's institutional framework and raises concern about judicial overreach, notes Rajeswari Sengupta.

Massive crackdown on illegal Bangladeshi immigrants in Guj, 550 held

Massive crackdown on illegal Bangladeshi immigrants in Guj, 550 held

Rediff.com26 Apr 2025

Officials confirmed that all detained individuals were in India without valid documentation and had used fake papers to establish residence.

'Nagrik Devo Bhava': Modi's message to bureaucrats

'Nagrik Devo Bhava': Modi's message to bureaucrats

Rediff.com21 Apr 2025

Citing evolving needs and aspirations of the citizens, he said that the civil service must adapt to contemporary challenges to remain relevant.

FIR against Kejriwal for 'misuse' of public money

FIR against Kejriwal for 'misuse' of public money

Rediff.com28 Mar 2025

Delhi Police has registered an FIR against former Chief Minister Arvind Kejriwal and others for allegedly misusing public money by putting up large hoardings in the national capital in 2019. The FIR was filed on the orders of a court, which had directed the police to investigate the matter following a complaint alleging violation of the Prevention of Defacement of Property Act.

CBDT Uncovers Rs 290 Bn Foreign Assets

CBDT Uncovers Rs 290 Bn Foreign Assets

Rediff.com7 Mar 2025

In September last year, India received financial information from over 108 countries regarding foreign accounts and income in the form of interest and dividend earned outside India.

Govt revokes nod for Turkish firm Celebi's airport services; DIAL ends ties

Govt revokes nod for Turkish firm Celebi's airport services; DIAL ends ties

Rediff.com15 May 2025

Turkiye and Azerbaijan backed Pakistan and condemned India's recent strikes on terror camps in that country and Pakistan-occupied Kashmir under Operation Sindoor.

HC rejects TMC MP's sealed cover apology in defamation case

HC rejects TMC MP's sealed cover apology in defamation case

Rediff.com15 May 2025

The Delhi high court has refused to accept the apology of TMC MP Saket Gokhale in a sealed cover over a plea of former diplomat Lakshmi Murdeshwar Puri and said he has "tarried and procrastinated" but not complied with its verdict.

'Investors Prefer A Staggered Approach'

'Investors Prefer A Staggered Approach'

Rediff.com20 May 2025

'While investors believe in India's long-term growth story and resilience amid global uncertainty, they see near-term risks around the direction of a global trade war.'

IMF imposes 11 new conditions on Pak, warns against tensions with India

IMF imposes 11 new conditions on Pak, warns against tensions with India

Rediff.com18 May 2025

The International Monetary Fund (IMF) has slapped 11 new conditions on Pakistan for the release of the next tranche of its bailout programme and warned that tensions with India could heighten risks to the scheme's fiscal, external, and reform goals, according to a media report on Sunday.

Some equity research firms shutting shops after Sebi's guidelines

Some equity research firms shutting shops after Sebi's guidelines

Rediff.com22 Jan 2025

Markets regulator Sebi's new guidelines on research analysts (RAs) are forcing several equity research firms publicly announcing plans to shut down their shops due to heightened compliance and operational requirements. The Securities and Exchange Board of India (Sebi), on January 8, came out with guidelines for Research Analysts in a bid to curb fraudulent stock recommendations and illegal practices in the securities market.

Handbags, wrist watches, other luxury items above Rs 10 lakh to attract 1% TCS

Handbags, wrist watches, other luxury items above Rs 10 lakh to attract 1% TCS

Rediff.com23 Apr 2025

Handbags, wrist watches, footwear and sportswear, priced above Rs 10 lakh will now attract 1 per cent Tax Collected at Source (TCS), as per a notification issued by the Income Tax department. TCS at 1 per cent rate is currently being levied on motor vehicles costing above Rs 10 lakh effective January 1, 2025.

Uber Liable For Poor Service

Uber Liable For Poor Service

Rediff.com3 May 2025

Though Uber functions as a cab aggregator, the Delhi state commission ruled it should ensure timely and reliable delivery of services offered through its platform.

Won't be able to enrol foreigners if...: US govt threatens Harvard

Won't be able to enrol foreigners if...: US govt threatens Harvard

Rediff.com17 Apr 2025

The United States Department of Homeland Security has threatened to revoke Harvard University's ability to enrol foreign students if it failed to provide by April 30 records on its international student visa holders' 'illegal and violent' activities.

Uncertainty could hit pvt sector capital formation: FinMin economic review

Uncertainty could hit pvt sector capital formation: FinMin economic review

Rediff.com30 Apr 2025

The prospect of protracted uncertainties in the global economic landscape not only pose a risk for India's growth outlook in 2025-26, but are also likely to dent the private sector's capital raising and investment plans, the finance ministry averred on Tuesday, cautioning the country's corporates that the era of 'easy pickings' was over.

'India is my home, don't want to go back to Pakistan'

'India is my home, don't want to go back to Pakistan'

Rediff.com29 Apr 2025

'Where my husband lives, that is my home. I want to stay here with him'

SC fines man with Rs 4.54 cr for cutting over 400 trees

SC fines man with Rs 4.54 cr for cutting over 400 trees

Rediff.com26 Mar 2025

A bench of Justices Abhay S Oka and Ujjal Bhuyan made the observation while rejecting the plea of a man who had chopped down 454 trees in the protected Taj Trapezium Zone.

Gensol promoters likely to come under SFIO glare

Gensol promoters likely to come under SFIO glare

Rediff.com28 Apr 2025

The government is considering initiating a probe by the Serious Fraud Investigation Office (SFIO) against Gensol Engineering and its promoters, according to sources familiar with the matter. "It is under consideration at this stage. A final decision will be taken soon," a government official said.