News for 'finance department'

Must Watch: Stories From Around The World

Must Watch: Stories From Around The World

Rediff.com1 Oct 2024

Aseem Chhabra's Top 10 Films/ Series from TIFF 2024 includes films that he watched for the first time in Toronto. The films were impressive due to their rigor, passion, unique storytelling style and sometimes exploring the vulnerable sides of big name stars.

On February 1, Sitharaman will equal Morarji Desai's record

On February 1, Sitharaman will equal Morarji Desai's record

Rediff.com26 Jan 2024

Finance Minister Nirmala Sitharaman will set a record by presenting the sixth Budget in a row -- 5 annual Budgets and one interim -- a feat achieved so far only by former Prime Minister Morarji Desai. With the presentation of interim Budget on February 1, Sitharaman will surpass the records of her predecessors like Manmohan Singh, Arun Jaitley, P Chidambaram, and Yashwant Sinha, who had presented five budgets in a row. Desai, as Finance Minister, had presented five annual Budgets and one interim Budget between 1959-1964. The interim Budget 2024-25 to be presented by Sitharaman on February 1, will be a vote-on-account that will give the government authority to spend certain sums of money till a new government comes to office after the April-May general elections.

'Minister has converted ED into an extended arm of the BJP'

'Minister has converted ED into an extended arm of the BJP'

Rediff.com11 Jan 2024

'Now the political boss decides, and the ED acts.'

'BJP Has 6,000 Crores To Spend On Elections'

'BJP Has 6,000 Crores To Spend On Elections'

Rediff.com19 Apr 2024

'Not even a single rupee from the electoral bonds should be allowed to be used in the election.' 'If it is used in the election, it will taint India's electoral process itself.'

Sitharaman to present sixth Budget in a row

Sitharaman to present sixth Budget in a row

Rediff.com1 Feb 2024

Finance Minister Nirmala Sitharaman will present her sixth straight Budget ahead of the Parliamentary elections, matching the record of former Prime Minister Morarji Desai. Sitharaman in her pre-election Budget, which technically is a vote on account and popularly termed an interim Budget, will seek Parliament's nod for a grant in advance to meet the central government's essential expenditure for the first four months of the new fiscal year that starts in April. A new government elected after the April/May general elections will present the full Budget, likely in July.

What Is The Age Limit For Doing MBA At An IIM?

What Is The Age Limit For Doing MBA At An IIM?

Rediff.com29 Apr 2024

There are students with 10+ years of work experience who have done two-year full time MBA, says rediffGURU Patrick Dsouza.

Electoral bonds: Cong says firms donating to BJP got big projects

Electoral bonds: Cong says firms donating to BJP got big projects

Rediff.com15 Mar 2024

The Congress on Friday alleged that the electoral bonds data has exposed 'corrupt tactics' of the Bharatiya Janata Party such as quid pro quo, seeking donations for the company's protection, kickbacks and money laundering through shell companies.

Sensex, Nifty tank over 1% on concerns over Middle East conflict

Sensex, Nifty tank over 1% on concerns over Middle East conflict

Rediff.com15 Apr 2024

From the Sensex basket, Tata Motors, State Bank of India, Tata Steel, Power Grid, NTPC, Bajaj Finserv, Bajaj Finance and Asian Paints were the major laggards.

Ajit Pawar and men win big, Shinde and Co lose out in Maharashtra portfolios

Ajit Pawar and men win big, Shinde and Co lose out in Maharashtra portfolios

Rediff.com14 Jul 2023

Nationalist Congress Party leader Ajit Pawar was given the finance and planning portfolio on Friday, nearly two weeks after he broke away from the original party and took oath as Maharashtra's deputy chief minister.

Modi 3.0 mantris off to quick start, priority for 100-day action plan

Modi 3.0 mantris off to quick start, priority for 100-day action plan

Rediff.com11 Jun 2024

Signalling both change and continuity, India's new government, headed by Prime Minister Narendra Modi for a third consecutive term, got into work gear on Tuesday with cabinet ministers and ministers of state filing into their respective offices to assume charge.

Rediff's Wave Rider Retires!

Rediff's Wave Rider Retires!

Rediff.com1 Nov 2024

We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.

'Should Have Bids For IDBI Before End Of FY'

'Should Have Bids For IDBI Before End Of FY'

Rediff.com10 Aug 2024

'We are in a position to start due diligence and private data room access shortly.'

Realise your financial dreams with your spouse

Realise your financial dreams with your spouse

Rediff.com29 Dec 2010

If only one partner handles personal finance, there could be a lot of mismatch between you and your partner in saving and spending money. This can lead to marital stress.

The Lives PSU Bankers Lead

The Lives PSU Bankers Lead

Rediff.com15 Jul 2024

A peek into the life of a public-sector banker who did well professionally, but paid a price for it, points out Tamal Bandyopadhyay.

EC slams Kharge over letter on turnout data, Cong hits back

EC slams Kharge over letter on turnout data, Cong hits back

Rediff.com10 May 2024

The poll panel said it found Kharge's letter, placed in the public domain in the middle of the ongoing electoral process, 'highly undesirable' and designed to create confusion, misdirection and impediment to the conduct of smooth, free and fair elections.

Next round of G20 meetings in Gujarat from March 27

Next round of G20 meetings in Gujarat from March 27

Rediff.com22 Mar 2023

Gujarat will host the next round of G20 meetings from March 27 to April 4, during which three conclaves will be held in the state on a range of issues, where delegates from different countries will converge for participation, an official said.

Mr Jaitley, why is the income tax department hiding data?

Mr Jaitley, why is the income tax department hiding data?

Rediff.com13 Nov 2014

Our income tax department should bring out monthly bulletin as well as annual reports providing insights into the nature of our direct tax segments, points out R Vaidyanathan.

Finance Secretary Mayaram transferred even before taking charge

Finance Secretary Mayaram transferred even before taking charge

Rediff.com30 Oct 2014

Arvind Mayaram, who was shunted from Finance Ministry to Tourism only a fortnight ago, has now been transferred as secretary in minority affairs ministry even before he took charge of his new post.

Modi govt 3.0: Who is in, who is out

Modi govt 3.0: Who is in, who is out

Rediff.com10 Jun 2024

Over 65 Union ministers are likely to take oath, going by the visual of the meeting Modi held with his likely council of ministers.

Crisis forgotten as Maha govt issues orders worth crores over 4 days

Crisis forgotten as Maha govt issues orders worth crores over 4 days

Rediff.com24 Jun 2022

Even as the Shiv Sena-led Maha Vikas Aghadi dispensation is currently facing a survival crisis due to a rebellion by Sena minister Eknath Shinde, the departments -- mostly controlled by ruling allies Nationalist Congress Party and Congress -- have issued government orders for the release of funds for various development-related works worth thousands of crores in the last four days.

Like Abhimanyu, India trapped in BJP's 'chakravyuh': Rahul

Like Abhimanyu, India trapped in BJP's 'chakravyuh': Rahul

Rediff.com29 Jul 2024

Using the Mahabharat reference as a leitmotif, Leader of Opposition in the Lok Sabha Rahul Gandhi on Monday claimed that an atmosphere of fear prevails all around with a group of six trapping the entire country in a 'chakravyuh' he promised would be broken by the INDIA bloc.

How much tax did the govt mop up in the past 2 years?

How much tax did the govt mop up in the past 2 years?

Rediff.com2 Feb 2024

The income tax department has garnered about Rs 4,600 crore in taxes from 56 lakh updated I-T returns filed by taxpayers in the past two years, Central Board of Direct Taxes (CBDT) chief Nitin Gupta said. In a post budget interview to PTI TV, Gupta also said the I-T department has set up a demand management centre at Mysuru, Karnataka, which is focusing on disputed pending large tax demands of above Rs 1 crore. "We are continuously improving the services and creating litigation free environment. We have come out with a facility for updation of return.

File tax return in mid-June, once all necessary info is available

File tax return in mid-June, once all necessary info is available

Rediff.com7 May 2024

Taxpayers are filing their income tax returns (ITRs) early for the Assessment Year 2024-25 (FY25). By April 29, over 592,000 returns were filed, with over 538,000 verified and 367,000 processed. Early filing allows revisions without penalties.

Govt using probe agencies to do hafta-vasooli: Cong

Govt using probe agencies to do hafta-vasooli: Cong

Rediff.com24 Feb 2024

In his letter to Sitharaman, Venugopal said media reports have exposed the alleged "quid-pro-quo between BJP and several firms, which in a strange coincidence donated to it, after the Enforcement Directorate (ED), Income Tax Department (IT) and Central Bureau of Investigation (CBI) and others, raided or searched those enterprises".

Goyal runs finance ministry, but Jaitley's watching

Goyal runs finance ministry, but Jaitley's watching

Rediff.com26 Jun 2018

While Arun Jaitley remains part of the decision making process, Piyush Goyal, who was given additional charge on May 14, attends cabinet meetings and takes the day-to-day decisions.

Fodder scam: Lalu Prasad gets bail in Doranda Treasury case

Fodder scam: Lalu Prasad gets bail in Doranda Treasury case

Rediff.com22 Apr 2022

The former Bihar Chief Minister was sentenced to five years in prison and slapped a fine of Rs 60 lakh by a special CBI court in Ranchi in connection with the fifth fodder scam case involving embezzlement of over Rs 139 crore by Doranda treasury.

Modi's 'redistribution' charge against Cong gets Pitroda's booster

Modi's 'redistribution' charge against Cong gets Pitroda's booster

Rediff.com25 Apr 2024

In his poll rallies, Modi framed Pitroda's comments in his wider onslaught against the Congress, asserting that they have exposed its hidden agenda and that the party has become so removed from the country's social and family values that it wants to legally rob people of their assets and lifelong savings they want to bequeath to their children.

I-T department issues notice to Rebook India executives

I-T department issues notice to Rebook India executives

Rediff.com24 May 2012

In more trouble for Reebok India, the I-T department has launched a probe into its finances and has begun issuing notices to its executives after an alleged Rs 870-crore (Rs 8.7-billion) fraud case was detected by the company against two of its top officials.

Renovation of Kejriwal's residence cost Rs 52 crore: Report to LG

Renovation of Kejriwal's residence cost Rs 52 crore: Report to LG

Rediff.com25 May 2023

The cost of Rs 52.71 crore included Rs 33.49 crore spent on the construction of the house and Rs 19.22 crore on a camp office for the chief minister, the report said, citing records of the Public Works Department (PWD).

Budget 2024: 'We have to be intelligent'

Budget 2024: 'We have to be intelligent'

Rediff.com1 Nov 2023

'The global situation is not very good.'

Finance ministry starts Budget preparations

Finance ministry starts Budget preparations

Rediff.com1 Oct 2013

The Finance Ministry has started preparations for Budget 2014-15 by asking different central ministries and departments to come out with their estimates of receipts as well as expenditure for the next financial year.

Shinde is calling the shots now, not Ajit Pawar: Sena minister

Shinde is calling the shots now, not Ajit Pawar: Sena minister

Rediff.com14 Jul 2023

Pawar, who joined the Shinde government earlier this month, was allocated the same portfolio once again, raising questions as to how the Sena MLAs react.

Excise case: Sisodia kingpin of conspiracy, CBI tells HC

Excise case: Sisodia kingpin of conspiracy, CBI tells HC

Rediff.com20 Apr 2023

The submissions were made by the CBI in a short written reply while opposing the senior Aam Aadmi Party leader's bail plea, which it said was devoid of any merit and was an attempt to misuse the intricacies of law to thwart the progress of investigation in the case.

Revanth Reddy-led govt in Telangana to roll out 2 of 6 guarantees on Friday

Revanth Reddy-led govt in Telangana to roll out 2 of 6 guarantees on Friday

Rediff.com8 Dec 2023

He said with a view to releasing a white paper on the state's finances, the cabinet has asked the officials to furnish information on the expenditure made by the previous government from 2014 to December 7, 2023 on all departments in the state government and the purposes for which the expenditure was incurred.

Budget: Departments, ministries ask for the moon

Budget: Departments, ministries ask for the moon

Rediff.com4 Jan 2010

While Finance Minister Pranab Mukherjee is aiming for a return to the path of fiscal prudence, various departments of the central government appear to be out of sync.

DMK ex-member Jaffer Sadiq, partners invested Rs 40-cr drug money films: ED

DMK ex-member Jaffer Sadiq, partners invested Rs 40-cr drug money films: ED

Rediff.com13 Apr 2024

The Enforcement Directorate made these claims in an official statement issued by the federal agency following its raids in this case at Chennai, Madurai and Tiruchirapalli on April 9.

Shaktikanta Das: RBI Governor Who Walks The Talk

Shaktikanta Das: RBI Governor Who Walks The Talk

Rediff.com13 Mar 2024

'Das is friendly, but he finally does what he does. The quality of engagement is very good.'

RBI's decision on connected lending may curb India Inc's powers

RBI's decision on connected lending may curb India Inc's powers

Rediff.com18 Dec 2023

The decision by the Reserve Bank of India to introduce a unified regulatory framework on connected lending for all the regulated entities (RE) is expected to reduce the influence of business conglomerates in the Indian lending space, said bankers and experts. "Connected lending pertains to lending to related parties within the same business group. "While the RBI might appear more agreeable to allowing business conglomerates to own banking licenses, it deems it crucial to bolster regulations that would prevent conglomerate-owned banks from gaming the system," said Shivaji Thapliyal, head of research and lead analyst, YES Securities.

Provide Aadhaar cards to displaced people, SC directs UIDAI, Manipur govt

Provide Aadhaar cards to displaced people, SC directs UIDAI, Manipur govt

Rediff.com25 Sep 2023

Observing that it does not propose to run the administration in Manipur, the apex court said necessary verifications shall be carried out before issuing the Aadhaar cards expeditiously.