News for 'finance department'

When Will Vijay Smell The Coffee?

When Will Vijay Smell The Coffee?

Rediff.com10 Nov 2025

TVK cadres are worried, the leadership looks weak, and the party is not fully prepared for the 2026 elections, observes N Sathiya Moorthy.

Jane Street Now Under CBDT Scanner

Jane Street Now Under CBDT Scanner

Rediff.com24 Sep 2025

The CBDT is investigating Jane Street for possibly misusing the India-Singapore tax treaty.

Delhi govt reshuffle: Atishi gets finance, revenue; now holds 12 portfolios

Delhi govt reshuffle: Atishi gets finance, revenue; now holds 12 portfolios

Rediff.com30 Jun 2023

Atishi along with Saurabh Bharadwaj was inducted into the cabinet following the resignation of Manish Sisodia and Satyendar Jain after their arrest.

'Petrol, Diesel In GST? Not In Immediate Future'

'Petrol, Diesel In GST? Not In Immediate Future'

Rediff.com26 Sep 2025

'Tax cannot be emotional.'

Puri: 3 killed in stampede during Rath Yatra ceremony

Puri: 3 killed in stampede during Rath Yatra ceremony

Rediff.com29 Jun 2025

The incident took place around 4 am when hundreds of devotees gathered near the temple to witness Rath Yatra festivities, Puri district collector Siddharth S Swain said.

RMG Ban Will Be Clear Only When Rules Are Issued

RMG Ban Will Be Clear Only When Rules Are Issued

Rediff.com30 Aug 2025

'Money moves in a web of transactions and payment addresses keep changing for offshore companies, which requires heightened monitoring measures.'

'New I-T Act Will Be Prospective In Nature'

'New I-T Act Will Be Prospective In Nature'

Rediff.com2 Sep 2025

'...so cases that arose under the existing Act will be adjudicated under the old provisions.' 'Care has been taken to ensure that the new I-T Act does not give rise to interpretational issues.'

Private capex likely to rise 21.5% to Rs 2.67 lakh crore in FY26

Private capex likely to rise 21.5% to Rs 2.67 lakh crore in FY26

Rediff.com1 Sep 2025

Capital investment by the private sector is likely to rise 21.5 per cent to Rs 2.67 lakh crore in 2025-26 aided by robust macroeconomic fundamentals, and a 100-bps policy rate cut, according to an RBI article. Despite global uncertainties, Indian firms entered the 2025-26 fiscal year with healthier balance sheets, higher cash buffer, improved profitability, and greater access to diversified funding sources, said the article 'Private Corporate Investment: Growth in 2024-25 and Outlook for 2025-26' published in the Reserve Bank of India's (RBI's) August bulletin.

Sensex tumbles 849 points; slips below 81K

Sensex tumbles 849 points; slips below 81K

Rediff.com26 Aug 2025

Among Sensex shares, Sun Pharmaceutical, Tata Steel, Trent, Bajaj Finance, Mahindra & Mahindra, Bajaj Finserv, Reliance Industries, Axis Bank, Tech Mahindra, Adani Ports, Titan, BEL, and Larsen & Toubro were the major laggards. However, Hindustan Unilever, Maruti Suzuki India, ITC, Tata Consultancy Services and UltraTech Cement were the gainers.

Delhi BMW crash: Accused woman gets bail

Delhi BMW crash: Accused woman gets bail

Rediff.com27 Sep 2025

A court in New Delhi on Saturday granted bail to Gaganpreet Kaur, the key accused in the BMW incident, saying the accident's CCTV footage showed the allegation of culpable homicide was on a 'fragile foundation'.

K'taka portfolios: Siddaramaiah keeps finance, Shivakumar gets irrigation

K'taka portfolios: Siddaramaiah keeps finance, Shivakumar gets irrigation

Rediff.com29 May 2023

Shivakumar has got the all-important Major and Medium Irrigation and Bengaluru City Development, including the Bruhat Bengaluru Mahanagara Palike (BBMP), Bangalore Development Authority, Bangalore Water Supply and Sewerage Board, Bangalore Metropolitan Region Development Authority and the Bangalore Metro Rail Corporation Limited.

'Irreparable Harm If Govt Takes Over Waqf Properties'

'Irreparable Harm If Govt Takes Over Waqf Properties'

Rediff.com7 Oct 2025

'Only because of the absence of a dedication record in writing, how can such properties be treated as located on misappropriated government land?'

No need to relabel existing medicine stock: FinMin

No need to relabel existing medicine stock: FinMin

Rediff.com17 Sep 2025

Recalling or relabelling medicines already in the supply chain before September 22 will not be mandatory, the finance ministry said on Tuesday, issuing a fresh set of frequently asked questions (FAQs) to address industry concerns following the announcement of goods and services tax (GST) revisions.

Meet India's Corporate Fraudsters

Meet India's Corporate Fraudsters

Rediff.com10 Sep 2025

The average Indian fraudster isn't an outsider exploiting security loopholes. He's usually a man between 26 and 45 years of age, working in operations or procurement, with more than six years at the organisation.

BMW crash: Accused tests -ve for alcohol, faces culpable homicide

BMW crash: Accused tests -ve for alcohol, faces culpable homicide

Rediff.com17 Sep 2025

Senior finance ministry official Navjot Singh, killed in a BMW crash, was cremated. The driver's alcohol test was negative, and an investigation is underway.

You Can Get A I-T Refund In 17 Days!

You Can Get A I-T Refund In 17 Days!

Rediff.com21 Jul 2025

The time taken by the income-tax department to process refunds has dropped sharply from 93 days in 2013.

Centre Begins Historic Relocation of 30,000 Employees

Centre Begins Historic Relocation of 30,000 Employees

Rediff.com26 Jun 2025

The orders issued this month have selected ministries ranging from home affairs under Amit Shah to rural development, headed by Shivraj Singh Chouhan, to move to Building 3 -- currently named CCS-03 -- on Kartavya Path. The scale of the shift will be even larger than when most of Lutyens' Delhi's present crop of government buildings came up in the early 1930s.

''Consumers Must Get Real Benefit Of GST Cuts'

''Consumers Must Get Real Benefit Of GST Cuts'

Rediff.com12 Sep 2025

'In case a particular industry has not passed on the benefits and if we receive complaints, we will take up the matter with the industry body concerned.'

Look Out Notice For Shilpa Shetty, Raj Kundra

Look Out Notice For Shilpa Shetty, Raj Kundra

Rediff.com5 Sep 2025

The Lookout Circular was issued by the city police's economic offences wing as the couple makes frequent international trips

Do You Wanna Partner Review: Charming

Do You Wanna Partner Review: Charming

Rediff.com12 Sep 2025

Do You Wanna Partner is frothy and funny without being loud or crude, which is something so many Indian comedies cannot manage, observes Deepa Gahlot.

Free Divestment From Finance Ministry

Free Divestment From Finance Ministry

Rediff.com21 Mar 2024

The new government that presents the full Budget for 2024-2025 in July should be ready to restructure the way divestment is managed and implemented, proposes A K Bhattacharya.

Violent protests continue in Nepal, minister's houses targeted

Violent protests continue in Nepal, minister's houses targeted

Rediff.com10 Sep 2025

The protesters shouted slogans such as KP Chor, Desh Chhod (K P Sharma Oli is a thief, quit the country), "Take action against corrupt leaders".

BCCI staff to get reduced allowances

BCCI staff to get reduced allowances

Rediff.com15 Jun 2025

As the policy was going to be revised, the BCCI staff including the finance, operations and media department were not paid their daily allowances for the IPL and WPL but now that the policy has been formulated, their dues should be cleared soon.

Sitharaman cuts short US-Peru visit after J-K terror attack

Sitharaman cuts short US-Peru visit after J-K terror attack

Rediff.com23 Apr 2025

Finance Minister Nirmala Sitharaman is cutting short her official visit to the US and Peru and will depart for India at the earliest, following the terror attack in Jammu and Kashmir. Sitharaman arrived in the US on Sunday for a six-day visit, after which she was scheduled to travel to Peru for a five-day trip. The decision comes after 26 people were killed in a terror attack near Kashmir's Pahalgam town on Tuesday.

Schools shut, leaves cancelled, blackout in many states as tensions soar

Schools shut, leaves cancelled, blackout in many states as tensions soar

Rediff.com8 May 2025

Several Indian states bordering Pakistan have implemented stringent security measures, including school closures, blackouts, and cancellation of leave for police and administrative personnel, in response to escalating tensions between India and Pakistan. These measures were taken after India conducted airstrikes on terror infrastructure in Pakistan in retaliation for the April 22 Pahalgam massacre. Punjab, Haryana, Rajasthan, Gujarat, and West Bengal have all implemented these precautionary measures.

What You Need To Know About New I-T Bill

What You Need To Know About New I-T Bill

Rediff.com26 Aug 2025

'The new Bill introduces no policy or rate changes, leaving financial planning strategies largely unaffected.'
'The considerations for choosing between the old and new tax regimes remain essentially unchanged.'

Delhi HC stays Rs 1,140 crore angel tax demand against Oyo

Delhi HC stays Rs 1,140 crore angel tax demand against Oyo

Rediff.com12 Jul 2025

The Delhi high court on Friday stayed a Rs 1,140 crore angel tax demand raised by the Income Tax department from hospitality and hotel aggregator Oyo's parent company Oravel Stays Private Limited for the assessment year 2020-21. The tax demand was issued under Section 56(2) (viib) of the Income Tax Act, commonly known as the "angel tax" provision, which applies when unlisted companies issue shares at a value exceeding their "fair" market price.

Why Is The US So Fond Of Asim Munir?

Why Is The US So Fond Of Asim Munir?

Rediff.com12 Aug 2025

Sections in the US State Department and Pentagon have always felt more comfortable dealing with all powerful Pakistani generals instead of elected civilians, points out Rana Banerji, who headed the Pakistan desk at RA&W.

Shilpa Shetty, Raj Kundra booked for alleged Rs 60 cr fraud

Shilpa Shetty, Raj Kundra booked for alleged Rs 60 cr fraud

Rediff.com14 Aug 2025

The complaint, filed by businessman Deepak Kothari, director of Lotus Capital Financial Services Ltd, claims the incident took place between 2015 and 2023. Kothari alleged that the couple took the money under the pretext of expanding their business but used it for personal expenses instead.

Why Are Bankers Committing Suicide?

Why Are Bankers Committing Suicide?

Rediff.com13 Aug 2025

In the past 10 years, over 500 PSB officers have died by suicide. When targets are overwhelming, senior management and customers are both impatient, and there is constant fear, not every banker has the resilience to survive and thrive, warns Tamal Bandyopadhyay.

Pre-tariff rush to US lifts exports by 7% in July

Pre-tariff rush to US lifts exports by 7% in July

Rediff.com15 Aug 2025

India's goods exports rebounded in July after two months of contraction, with outbound shipments rising 7.3 per cent to $37.24 billion, led by a surge in exports to the United States before the country's reciprocal tariff kicked in and bolstered by a recovery in exports to other key markets.

Rahul claims threat by Arun Jaitley; BJP fact-checks him

Rahul claims threat by Arun Jaitley; BJP fact-checks him

Rediff.com2 Aug 2025

Congress leader Rahul Gandhi claimed that former finance minister Arun Jaitley had threatened him to not speak against the farm laws, a charge refuted by the BJP.

Bhagoda economics: Cong slams Modi govt over Mallya's Jaitley claim

Bhagoda economics: Cong slams Modi govt over Mallya's Jaitley claim

Rediff.com6 Jun 2025

The Congress shared a video clip from a recent podcast Mallya did with social media influencer Raj Shamani in which he claimed he had informed Jaitley before leaving India in 2016.

Study US: Money-Saving Tips for Students

Study US: Money-Saving Tips for Students

Rediff.com24 Jul 2025

Gaurav Batra, founder and CEO Infinite Group, suggests smart tips to help you reduce living and transportation costs while studying in the US.

Stalin sacks PTR as finance minister, gives him IT and digital services

Stalin sacks PTR as finance minister, gives him IT and digital services

Rediff.com11 May 2023

Palanivel Thiaga Rajan was on Thursday relieved of the finance portfolio by Tamil Nadu Chief Minister M K Stalin.

'I Needed To Follow My Karma'

'I Needed To Follow My Karma'

Rediff.com25 Jun 2025

'Once bitten, twice shy, I didn't take up the challenge this time...' 'I realised I had failed to follow my karma because I feared failure.'

A To Z of Filing Your Income Tax Return

A To Z of Filing Your Income Tax Return

Rediff.com21 Jul 2025

Think again. Not filing could cost you. Here's who must file, who should, and why it matters. What's more, the deadline to file your ITR has been extended till September 15, 2025

'China Is Competing In A Space Where India Was Dominant'

'China Is Competing In A Space Where India Was Dominant'

Rediff.com19 Aug 2025

'These efforts by Beijing can be weaponised one day with economic, security and political implications for India.'

'IIFCL book can grow to Rs 4 trn by FY28'

'IIFCL book can grow to Rs 4 trn by FY28'

Rediff.com4 Jun 2025

'Although we are facing constraints related to lending and resource mobilisation, the government is aware of these.'

Step-By-Step ITR E-Filing, Choosing Right Tax Regime

Step-By-Step ITR E-Filing, Choosing Right Tax Regime

Rediff.com23 Jul 2025

Master the online ITR filing process and then learn the differences between the old and new tax regimes to pick your best option.