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.
Railways ramps up project to instal AI-based cameras that can recognise faces.
Starlink's application for offering satcom services in India had been held up for the company's inability to comply with mandatory ownership disclosure norms.
In a significant order, the Supreme Court on Friday issued directions that the post-graduate medical entrance exam scheduled on June 15 be conducted in a single shift, saying holding it in two shifts 'creates arbitrariness'.
The BJP received the highest amount in large donations among national parties in the financial year 2023-24, with over Rs 2,243 crore declared from 8,358 donations, according to a report by poll rights body the Association for Democratic Reforms (ADR). The report, based on data submitted to the Election Commission, highlighted trends in political donations above Rs 20,000. The total declared donations to national parties stood at Rs 2,544.28 crore from 12,547 contributions - a sharp 199 per cent increase compared to the previous year.
Until now, salaried individuals having income under the head LTCG were required to file Form ITR-2.
The share of investments held by the top 10 investors across smallcap mutual fund schemes has been on a decline, falling to a 14-month low in March 2025, shows an analysis of data from the Association of Mutual Funds in India (Amfi). The median smallcap scheme has 2.03 per cent of its investments coming from the top 10 investors, compared to 2.43 per cent a year ago.
Former Australia captain Tim Paine has slammed the lack of transparency surrounding Kagiso Rabada's failed drug test.
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.
IndusInd Bank has appointed a professional firm to conduct investigation for identifying the root cause of accounting discrepancies relating to its derivatives portfolio. As per an estimate, Rs 2,100 crore discrepancy in accounting may impact 2.35 per cent of the Bank's net worth.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Air India has terminated the services of a trainer pilot for lapses during simulator training. Ten pilots who underwent training under the trainer pilot have been removed from flying duties pending investigation. The action follows a whistleblower complaint alleging that the trainer pilot failed to properly discharge his duties. Air India conducted a detailed probe and corroborated the allegations. The airline voluntarily reported the matter to the Directorate General of Civil Aviation (DGCA) and commended the whistleblower for coming forward.
Markets regulator Sebi has launched a centralised database portal for corporate bonds in a bid to create a single, authentic source of information on such securities. The portal -- Bond Central-- has been developed by Online Bond Platform Providers Association (OBPP Association) in collaboration with Market Infrastructure Institutions (MIIs) comprising stock exchanges and depositories.
Outgoing Chief Election Commissioner Rajiv Kumar has expressed concerns about long-pending cases questioning electoral processes, arguing they fuel distrust and should be scheduled with consideration for election periods. He also advocated for enhanced transparency in political promises, with clear disclosures on financial viability and impact on state finances. Kumar further stressed the need for a totaliser system to maintain polling station-wise voting confidentiality and urged the empowerment of NRIs to vote remotely. He highlighted the potential of biometric authentication and technology to address issues like impersonation and multiple voting.
The Supreme Court of India on Tuesday questioned the issue of using "spyware against terrorists" and stated that any report touching upon the country's "security and sovereignty" won't be made public. The court indicated it might address individual concerns regarding privacy breaches, but the report of the technical committee would not be a document for public discussion. The court will examine the extent to which the report can be shared publicly. The court's statement came during a hearing on a petition related to the alleged use of Pegasus spyware for surveillance. The court also emphasized that "having spyware is not wrong, against whom you are using is the question" and that the security of the nation cannot be compromised. The hearing has been adjourned to July 30.
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.
In a step towards investor awareness, the Securities and Exchange Board of India (Sebi) has directed companies planning to launch initial public offers (IPOs) to release a 10-minute video containing key information related to the issue. The initiative is to make it easier for investors to understand the features of the public issue and the company.
A special court in Mumbai has directed the Anti-Corruption Bureau (ACB) to register a first information report (FIR) against former Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and five other officials in connection with alleged stock market fraud and regulatory violations.
In a landmark judgment that delivered a big blow to the government, the Supreme Court on Thursday annulled the electoral bonds scheme, saying it violates the constitutional right to freedom of speech and expression as well as the right to information.
Some of his directives had the Supreme Court judges disclose their assets whereas the row over the discovery of cash from a sitting judge's official residence paved way for inquiry.
The BJP cited the amendments to the Representation of People Act, 1951 and the relevant portions of the Reserve Bank of India Act and the Income Tax Act for not revealing its donors.
More than 30 technology startups, collectively valued at $100 billion, are poised to go public by 2027, signalling a potential rebound in India's stock market activity, according to a report by investment bank The Rainmaker Group. Walmart-owned Flipkart, financial technology (fintech) leader PhonePe, SoftBank-backed Lenskart, Razorpay, Zetwerk, and Meesho are among the top companies preparing to go public in India.
Donald Trump is catering to the basest fears and prejudice of unenlightened Americans -- yes, there are those too, in sizeable enough numbers to elect one of their own as president. That would most certainly not Make America Great Again, asserts Shreekant Sambrani.
Many salaried taxpayers hold the misconception that they don't need to disclose any other income since TDS is deducted from their salary.
The two women -- Seema Koul and Vishalni Koul -- had moved the high court in 2018 after their provisional selection to the post of legal assistant in the department of disaster management relief, rehabilitation and re-construction under the PM package for Kashmiri migrants in December 1, 2017 forfeited on the ground that they have lost their migrant status having married non-migrant persons.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Punjab Police have arrested three individuals and foiled a major target killing planned by a terror module linked to the proscribed Babbar Khalsa International (BKI). The module was allegedly being handled by US-based gangster Gurpreet Singh alias Gopi Nawashehria, who is a close aide of Pakistan-based terrorist Harwinder Singh Rinda.
Witches, werewolves, pilots, engineers, the OTT scene is bursting with all kinds of extremes this week, and Sukanya Verma lists them out.
Sebi chief Ajay Tyagi on Wednesday said many companies are lacking on the disclosure front and asked such firms not to treat it as a check box exercise. Sebi rules primarily require listed firms to have two sets of disclosures - periodic disclosures where formats have been prescribed by the regulator; and disclosures of material events where certain events have been deemed as material and must be disclosed, and the others to be disclosed if considered by the company and its board to be material.
Rajiv Kumar, the 25th chief election commissioner of India, has demitted office after a nearly three-year tenure marked by both electoral successes and allegations of bias from opposition parties. Kumar oversaw the 2024 Lok Sabha elections and the Jammu and Kashmir assembly polls, among other major elections. During his tenure, he implemented reforms across various aspects of the Election Commission's functioning, including structural, technological, capacity development, communication, international cooperation, and administration. However, he faced criticism from opposition parties and activists on several issues, including the efficacy of Electronic Voting Machines, alleged fudging of voter data, and being "lenient" on the ruling BJP. While the Commission responded to the allegations, Kumar often defended himself and the poll authority through poetry. In his farewell address, Kumar expressed concerns about the timing of petitions raising doubts over poll processes and the impact of freebie promises on the fiscal health of the state. He also criticized the practice of showing early trends on counting day by news channels, calling it "nonsense". Kumar's tenure was marked by numerous controversies, with opposition parties and activists alleging bias and irregularities. While the Election Commission defended its actions, the allegations cast a shadow over his time in office.
Disclosing an individual's income-tax returns is tantamount to violating the person's fundamental right to privacy as recognised by the Constitution.
A parliamentary committee has suggested 'consent of the recipient' was a must in case a National Akademi decided to confer an award to prevent the honour's return by the individual for political reasons as it was 'disgraceful' to the country.
Billionaire Gautam Adani's group on Saturday clarified on reports of Kenya cancelling more than $2.5 billion in deals after US indictment on bribery charges, saying it had not entered into any binding agreement to operate Kenya's main airport. On the pact it had signed last month to build and operate key electricity transmission lines in Kenya for 30 years, the group said the project did not fall within the ambit of Sebi's disclosure regulations, thereby not warranting any disclosure on its cancellation.
The Supreme Court addressed concerns about misinformation spreading related to an incident involving Delhi High Court judge Justice Yashwant Varma. The court clarified that the proposal to transfer Justice Varma to Allahabad High Court was independent of an internal investigation into the discovery of a large sum of cash at his residence following a fire. The Delhi High Court Chief Justice is conducting the investigation and will submit a report to the Chief Justice of India today.
The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.
Punjab Police have arrested two key operatives of the banned organization Babbar Khalsa International (BKI) who had direct links to Pakistan-based terrorist Harwinder Singh Rinda and US-based gangster Happy Passian. The accused, Jagdish Singh alias Jagga and Shubhdeep Singh Aulakh alias Shubh, were instructed to carry out targeted killings in Punjab as part of a larger coordinated terror operation. Jagdish is a key shooter involved in a murder case in Maharashtra two weeks ago. Both accused were arrested from Mohali and a case has been registered under relevant provisions of the Bharatiya Nyaya Sanhita (BNS) and the Arms Act at SSOC police station, Mohali.
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.
Seasoned bureaucrat and a stickler for rules Finance Secretary Tuhin Kanta Pandey will be at the helm of capital market regulator, Securities and Exchange Board of India (SEBI), for three years. The 1987-batch Odisha-cadre Indian Administrative Service (IAS) officer, Pandey, would replace Madhabi Puri Buch, whose three-year term ends on Friday.
Markets watchdog Sebi on Thursday said it will slap a fresh show cause notice on ZEEL founder chairman Subhash Chandra, and his son Punit Goenka as it vowed to continue the investigation into alleged violation of listing norms against the media baron and his company. The order passed by Sebi's adjudicating officer said the contents of the earlier Show Cause Notice (SCN) issued to them will also be incorporated "in the SCN to be issued in the instant matter".
Credit-focused SIFs with lower minimum investment thresholds can provide a more practical option for investors with higher risk appetite, suggests Subodh Rai.
