News for 'compliance'

'Digital Act Will Kill RTI Slowly, Surely'

'Digital Act Will Kill RTI Slowly, Surely'

Rediff.com23 Apr 2025

'By extending the definition of 'personal' to include institutions and not just individuals, the State has equipped itself with a tool to block access to most kinds of information.'

'RBI will provide liquidity for monetary policy transmission'

'RBI will provide liquidity for monetary policy transmission'

Rediff.com10 Apr 2025

'We never waste a crisis. There will be learning and the supervisory tools will get better with each episode.'

RBI lens on 8 fintech companies in P2P lending space

RBI lens on 8 fintech companies in P2P lending space

Rediff.com28 Jan 2025

Currently there are 26 licensed players in the P2P lending sector but only 10-11 are actively operating.

Regulations should safeguard, not stifle: RBI Guv Sanjay Malhotra

Regulations should safeguard, not stifle: RBI Guv Sanjay Malhotra

Rediff.com27 Mar 2025

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said regulations should not create unintended barriers to financial inclusion while emphasising that the impact of regulations on individuals and businesses should be considered.

India maintains high import duty on American goods: US report

India maintains high import duty on American goods: US report

Rediff.com1 Apr 2025

India maintains "high" import duties on a wide range of American goods such as agricultural items, drug formulations, and alcoholic beverages, besides imposing non-tariif barriers, a US report has said. A day before announcing reciprocal tariffs, the US Trade Representative (USTR) released the 2025 National Trade Estimate (NTE) Report on March 31.

'3 Cs haunt Indian education': Sonia slams Centre over NEP

'3 Cs haunt Indian education': Sonia slams Centre over NEP

Rediff.com31 Mar 2025

Noting that these three Cs haunt Indian education today, the Congress Parliamentary Party chairperson said in an article that this "carnage" of India's public education system must end.

Kunal Kamra asks BookMyShow if he's banned, it says...

Kunal Kamra asks BookMyShow if he's banned, it says...

Rediff.com7 Apr 2025

Stand-up comedian Kunal Kamra has written an open letter to BookMyShow requesting the online ticketing platform to either not delist him or to hand over the contact information of audience members he has earned through his solo shows over the years. The letter comes days after Shiv Sena claimed BookMyShow had taken Kamra off the sale and artists list from its platform amid ongoing controversy around his 'traitor' jibe against Maharashtra Deputy Chief Minister Eknath Shinde.

HC discharges Adanis in market regulations violation case

HC discharges Adanis in market regulations violation case

Rediff.com17 Mar 2025

The Bombay High Court discharged Adani Group Chairman Gautam Adani and Managing Director Rajesh Adani from a case of alleged violations of market regulations involving nearly Rs 388 crore. The Serious Fraud Investigation Office (SFIO) had initiated the case in 2012 against Adani Enterprises Limited (AEL) and its promoters, accusing them of criminal conspiracy and cheating. The HC's single bench of Justice R N Laddha quashed the sessions court order and discharged the duo from the case.

AI Boom Fuels Demand for IT Specialists

AI Boom Fuels Demand for IT Specialists

Rediff.com21 Mar 2025

Entry level engineers for these roles can be paid between Rs 4 lakh to Rs 8 lakh annually, which can go beyond Rs 30 lakhs for people with more than eight years of experience.

Stricter Steel Rules May Crush Small Manufacturers

Stricter Steel Rules May Crush Small Manufacturers

Rediff.com13 Mar 2025

Since India relies heavily on specialised imported fasteners for critical applications in industries, such as automobiles, aerospace, electronics, and defence, their sudden unavailability will jeopardise production.

Daggubatti, Deverakonda, booked for promoting betting apps

Daggubatti, Deverakonda, booked for promoting betting apps

Rediff.com20 Mar 2025

Six Telugu film actors, including Rana Daggubati, Prakash Raj, and Vijay Deverkonda, along with 19 social media influencers have been booked for allegedly promoting betting apps. A businessman filed a complaint alleging that the celebrities and influencers were promoting these apps on social media through pop-up ads and other means. The police registered a case under relevant sections of the BNS, Gaming Act, and IT Act based on the complaint and are planning to issue notices to those named in the FIR.

SC slams TN pollution board in Jaggi Vasudev ashram case

SC slams TN pollution board in Jaggi Vasudev ashram case

Rediff.com14 Feb 2025

The Supreme Court of India has reprimanded the Tamil Nadu Pollution Control Board (TNPCB) for delaying legal action against Isha Foundation, a yoga and meditation center founded by Sadhguru Jaggi Vasudev, over alleged environmental violations. The court criticized the TNPCB for taking two years to challenge a Madras High Court ruling that quashed a showcause notice against the foundation. The court also emphasized the importance of environmental compliance for the yoga center, noting that it must meet all necessary parameters. The case highlights ongoing legal challenges and environmental concerns related to the Isha Foundation's activities.

HC bars journo from hosting award show in Ratan Tata's name

HC bars journo from hosting award show in Ratan Tata's name

Rediff.com7 Feb 2025

The Delhi High Court has ordered a journalist not to host an award event using the name "Ratan Tata National Icon Award" or the trademarks "Tata" and "Tata Trusts". The court found that Ratan Tata's name and the Tata trademarks are protected and that the journalist's use of them was unauthorized. The case was filed by Sir Ratan Tata Trust and Tata Sons Pvt Ltd, who alleged that the journalist's actions caused harm to their reputation and goodwill. The court also ordered the journalist to stop using the logo and pictures related to Ratan Tata and Tata Trusts.

ALERT! December 2024 Money Deadlines You Must Know

ALERT! December 2024 Money Deadlines You Must Know

Rediff.com9 Dec 2024

By acting now, you can step into 2025 with your finances in order and without unnecessary penalties.

7 Secrets That Can Make You A Crorepati

7 Secrets That Can Make You A Crorepati

Rediff.com7 Apr 2025

Crorepatis build wealth through disciplined saving, smart investing, and strategic risk-taking, proving that true financial freedom is earned, not inherited, says Ramalingam Kalirajan

GST mop-up rises 12% to Rs 1.96 lakh cr in January

GST mop-up rises 12% to Rs 1.96 lakh cr in January

Rediff.com1 Feb 2025

Gross GST revenue rose 12.3 per cent to Rs 1.96 lakh crore in January on higher domestic economic activity, government data showed on Saturday. This includes 10.4 per cent growth in revenue from sale of goods and services domestically at Rs 1.47 lakh crore and 19.8 per cent rise in tax revenue from imported goods at Rs 48,382 crore.

Why IndusInd Bank shares tanked over 27% on the bourses

Why IndusInd Bank shares tanked over 27% on the bourses

Rediff.com11 Mar 2025

IndusInd Bank on Tuesday fire fought the fallout of a Rs 2,100 crore discrepancy in accounting, saying it has enough reserves and capital to cover for it, but the management's assurance failed to arrest the free fall of shares which tanked over 27 per cent on the bourses. IndusInd Bank CEO and managing director Sumant Kathpalia said that the accounting lapse was noted around September-October last year and the bank gave a preliminary update to the RBI about this last week.

IndusInd Bank stock tanks 27 pc after Rs 2,100 cr accounting lapse

IndusInd Bank stock tanks 27 pc after Rs 2,100 cr accounting lapse

Rediff.com11 Mar 2025

IndusInd Bank on Tuesday fire-fought the fallout of a Rs 2,100 crore discrepancy in accounting, saying it has enough reserves and capital to cover for it, but the management's assurance failed to arrest the free fall of shares which tanked over 27 per cent on the bourses.

'We Don't Want To Survive On Govt Incentives'

'We Don't Want To Survive On Govt Incentives'

Rediff.com20 Mar 2025

'The only solution is for the government to allow us to charge a low controlled MDR of 25 bps on UPI P2M transactions only for merchants with more than a Rs 40 lakh turnover.'

India Inc may feel heat of new governance norms, higher compliance

India Inc may feel heat of new governance norms, higher compliance

Rediff.com30 Jun 2023

India Inc is staring at significantly higher compliance and governance costs, following the Securities and Exchange Board of India's (Sebi's) latest tightening of disclosure norms and regulations around the filling of key positions, the materiality of information, and third-party transfers. Recently, the securities market regulator amended the Listing Obligations and Disclosure Requirements (LODR) to introduce a raft of changes that will affect how listed companies go about transparency and disclosures. The new framework will further empower public shareholders and soon move towards a 'comply or be penalised regime or comply or explain' in the case of high-value debt-listed entities.

Journalist Rana Ayyub booked for 'spreading anti-India sentiment'

Journalist Rana Ayyub booked for 'spreading anti-India sentiment'

Rediff.com28 Jan 2025

Delhi Police on Tuesday informed a court that a first information report (FIR) was registered against journalist Rana Ayyub for allegedly making derogatory posts in 2016-17, including 'insults to Hindu deities, spreading of anti-India sentiment and incitement of religious disharmony'.

Direct tax: Budget 2025-26 eases burden, boosts spending and growth

Direct tax: Budget 2025-26 eases burden, boosts spending and growth

Rediff.com3 Feb 2025

The eighth Budget of Finance Minister Nirmala Sitharaman continued to focus on 'GYAN' (Garib, Youth, Annadata, Nari) to maintain a consistent and coherent strategy initiated over the years in pursuing the government's vision for Viksit Bharat. The approach, characterised by incremental yet impactful steps, aims to create a compounding effect over time.

SC asks HCs to clear execution pleas in civil courts within 6 months

SC asks HCs to clear execution pleas in civil courts within 6 months

Rediff.com7 Mar 2025

The Supreme Court of India has ordered all high courts to ensure that civil courts under their jurisdiction decide execution petitions within six months, failing which presiding officers will be held accountable. The court cited the significant delay in resolving such petitions, which are filed to enforce decrees in civil disputes, and noted that this delay undermines the purpose of the decree itself. The verdict stems from a 1980 civil dispute from Tamil Nadu, highlighting the long-standing issue of delayed execution proceedings in India's legal system.

Punjab police raid 1,274 immigration firms, 7 illegal travel agents held

Punjab police raid 1,274 immigration firms, 7 illegal travel agents held

Rediff.com26 Feb 2025

Punjab Police conducted raids and search operations at 1,274 immigration firms across the state to protect aspiring immigrants from falling prey to unscrupulous travel agents. The massive operation, carried out on the directions of Director General of Police Gaurav Yadav, was a response to the recent deportation of illegal Indian immigrants by the US. Many of the deportees from Punjab and Haryana have alleged they were duped by travel agents who promised legal entry to the US but instead used the "donkey route" - an illegal and risky pathway. Police have registered 24 FIRs against travel agents and arrested seven. The operation was conducted under the Punjab Travel Professionals' Regulation Act, 2012, which mandates travel agents to obtain a license, maintain records, and comply with other regulations. The police advised citizens to verify travel agents' credentials before entrusting them with documents and money.

'Media Frenzy Has Ruined Justice Varma's Reputation'

'Media Frenzy Has Ruined Justice Varma's Reputation'

Rediff.com16 Apr 2025

'Presumption of innocence must guide all formal actions, but transparency must not be mistaken for pre-judgment.' 'The cruel irony, however, is that Justice Varma is a fine judge who enjoys a reputation for writing well-reasoned judgments.'

Should depositors put money in co-operative banks?

Should depositors put money in co-operative banks?

Rediff.com18 Feb 2025

The co-operative banking sector is well regulated, and a few cases of restrictions being imposed by the Reserve Bank of India (RBI) should not paint a negative picture of the entire sector, said Department of Economic Affairs (DEA) secretary Ajay Seth on Monday. "Co-operative banks in the country are generally quite robust, and the RBI takes regulatory action whenever issues arise.

Senior citizens can cancel gift deed if children...: HC

Senior citizens can cancel gift deed if children...: HC

Rediff.com19 Mar 2025

The Madras High Court has ruled that senior citizens can cancel gift or settlement deeds executed in favor of their children or close relatives if they fail to take care of them, even if it was not explicitly mentioned in the conditions imposed in the deeds. The court said the love and affection being the consideration, which can be traced out in the Settlement Deed, would be sufficient to hold that such love and affection was an implied condition that the senior citizen will be taken care of by the beneficiary of the Settlement Deed or gift deed.

Budget sets a comprehensive blueprint for India's economic growth

Budget sets a comprehensive blueprint for India's economic growth

Rediff.com4 Feb 2025

Finance Minister (FM) Nirmala Sitharaman has presented a forward-looking Budget, reinforcing the government's commitment to 'Reform, Perform, and Transform'.

Sangam water was fit for bathing during Maha Kumbh: Centre

Sangam water was fit for bathing during Maha Kumbh: Centre

Rediff.com10 Mar 2025

The Indian government has stated that the water in the Ganga river at Triveni Sangam in Prayagraj was fit for bathing during the recently concluded Maha Kumbh, citing a new report from the Central Pollution Control Board (CPCB). The report, however, contradicts an earlier CPCB report that found high faecal coliform levels at several locations in Prayagraj during the Maha Kumbh. The government also highlighted measures taken to ensure water quality during the event, including the installation of sewage treatment plants and the use of advanced oxidation techniques to treat wastewater.

Why SME players are a worried lot today

Why SME players are a worried lot today

Rediff.com28 Nov 2024

Of the total 199 small and medium enterprises (SMEs) listed this year so far, 22 had an issue size of less than Rs 10 crore, which the Securities and Exchange Board of India (Sebi) will no longer allow in the listed ecosystem after its recent consultation paper. The market regulator on Tuesday proposed an overhaul of the rules governing the initial public offerings (IPOs) of SMEs and corporate governance norms for listed SMEs, following concerns over 'systemic risk' seen in the ecosystem with instances of fund diversion and price manipulation.

TDS limit raised for seniors, rents and remittances

TDS limit raised for seniors, rents and remittances

Rediff.com1 Feb 2025

Finance Minister Nirmala Sitharaman on Friday proposed to double the limit for Tax Deduction at Source (TDS) on interest income for senior citizens to Rs 1 lakh, and also increase the threshold to Rs 6 lakh on rent from the current Rs 2.4 lakh.

You Can Be Deported From The US If..

You Can Be Deported From The US If..

Rediff.com3 Apr 2025

Universities and immigration authorities take student conduct seriously. Behaviour that is deemed unacceptable or dangerous can lead to legal consequences, including deportation, warns Dr Pananjay Tiwari, founder and director, Impel Overseas Education.

What Is A Gift Deed?

What Is A Gift Deed?

Rediff.com13 Mar 2025

All that you must know about the pros and cons of gift deeds, tax implications, essentials, documents required, conditions, etc...

Coop Bank Faces RBI Curbs, Depositors Panic

Coop Bank Faces RBI Curbs, Depositors Panic

Rediff.com14 Feb 2025

'We deposited money just yesterday, but they did not say anything...'

'Maritime Development Fund to generate Rs 1.5 trillion investment by 2030'

'Maritime Development Fund to generate Rs 1.5 trillion investment by 2030'

Rediff.com17 Feb 2025

'Additionally, the significant employment multiplier will boost direct and indirect jobs of up to 1.1 million.'

Sebi tightens norms for SME IPOs

Sebi tightens norms for SME IPOs

Rediff.com10 Mar 2025

Markets regulator Sebi has notified a stricter regulatory framework for small and medium enterprise (SME) IPOs by introducing a profitability requirement and capping a 20 per cent limit on offer-for-sale (OFS). The reforms aim to provide SMEs with a sound track record an opportunity to raise funds from the public while protecting investor interests. This move follows a rise in SME issues, which has driven significant investor participation.

US Firms Back Trump's India Tariffs

US Firms Back Trump's India Tariffs

Rediff.com31 Mar 2025

Industry associations and companies in the United States, including the US Chamber of Commerce, Coalition of Services Industries and the iconic bike company Harley Davidson have called on the Donald Trump dispensation to push India to reduce tariffs, non-tariffs, and regulatory barriers to boost American exports.

Kudankulam: Russian Reactor Vessel Arrives

Kudankulam: Russian Reactor Vessel Arrives

Rediff.com11 Feb 2025

A milestone in Russian-Indian nuclear cooperation with the arrival of a reactor pressure vessel for the Kudankulam atomic power plant.

AgustaWestland case: Christian Michel to walk out of jail after 6 yrs

AgustaWestland case: Christian Michel to walk out of jail after 6 yrs

Rediff.com4 Mar 2025

The Delhi high court granted bail to alleged middleman Christian Michel James in the Rs 3,600-crore AgustaWestland money laundering case on Tuesday. Justice Swarana Kanta Sharma, while granting the reprieve to James, said it was an "exceptional situation" where the accused was in custody for over 6.2 years but the trial had not yet commenced due to incomplete investigation. James, who was extradited from Dubai in December 2018, can now walk out of prison subject to compliance with the conditions.

Crypto: Assess Risks Before Investing

Crypto: Assess Risks Before Investing

Rediff.com19 Mar 2025

Market downturns or regulatory shifts can reduce liquidity, making it harder to buy or sell assets when needed.