News for 'finance department'

J-K admin sacks three employees for terror links

J-K admin sacks three employees for terror links

Rediff.com17 Jul 2023

The Jammu and Kashmir administration has sacked three employees, including the Kashmir University public relations officer, for allegedly working with Pakistan-based militant outfits, raising finances for them and propagating their ideology, officials said on Monday.

To become developed nation by 2047, India needs stronger army: Rajnath

To become developed nation by 2047, India needs stronger army: Rajnath

Rediff.com1 Oct 2023

Describing the DAD as the "guardian of defence finance", he emphasised the need to bolster the internal vigilance mechanism so that any suspicious activity can be detected and reviewed immediately.

M&M shifts to high gear with Rs 37K cr investments

M&M shifts to high gear with Rs 37K cr investments

Rediff.com17 May 2024

Automotive (auto) major Mahindra & Mahindra (M&M), which is readying to launch nine sport utility vehicles (internal combustion engine/ICE), seven Born Electric Vehicles (BEVs), and seven light commercial vehicles by 2030, has outlined an investment of Rs 27,000 crore in its auto business between 2024-25 (FY25) and 2026-27 (FY27). Over the next three years, the company will deploy Rs 37,000 crore, including its auto business, farm business (Rs 5,000 crore), and service business (Rs 5,000 crore).

Modi replaces top finance mandarin Mayaram in 1st major shake up

Modi replaces top finance mandarin Mayaram in 1st major shake up

Rediff.com16 Oct 2014

Over the past six months Rajasthan has introduced some of India's most radical free-market labour, land and welfare reform.

LeT terrorist who trained 26/11 attackers dies in Pak jail

LeT terrorist who trained 26/11 attackers dies in Pak jail

Rediff.com31 May 2023

Hafiz Abdul Salam Bhuttavi, an United Nations-designated terrorist who trained the Lashkar-e-Taiba (LeT) attackers for the 2008 Mumbai terror attack and acted as the outfit's chief on at least two occasions, died in a prison in Pakistan's Punjab province while serving a sentence for terror financing, his aide said on Wednesday.

Bengal's job sops land it in soup

Bengal's job sops land it in soup

Rediff.com20 Jan 2012

The 2,75,000 new jobs would cost a monthly Rs 300 crore (Rs 3 billion), officials with knowledge of the development said.

Finance ministry rejects NTPC's FPO

Finance ministry rejects NTPC's FPO

Rediff.com16 May 2008

The power ministry had approached the department of disinvestment in August 2007 for approval for NTPC's FPO, which could fetch the company nearly Rs 6,000 crore to part-finance its expansion programme.

Had to move court for telecast of Ayodhya event in Tamil Nadu: BJP

Had to move court for telecast of Ayodhya event in Tamil Nadu: BJP

Rediff.com22 Jan 2024

The Bharatiya Janata Party vs ruling Dravida Munnetra Kazhagam battle over live telecast of the Ayodhya Ram temple consecration in Tamil Nadu shrines reached the Supreme Court on Monday, with the apex court asking the authorities to act in accordance with the law and not based on any oral instructions.

'Treated like hardcore criminal': Bhagwant Mann meets Kejriwal in Tihar jail

'Treated like hardcore criminal': Bhagwant Mann meets Kejriwal in Tihar jail

Rediff.com15 Apr 2024

The Punjab chief minister said he was asked by Kejriwal to visit different places for campaigning for INDIA bloc candidates.

Pay hike: Maharashtra readies for Rs 21,000-cr mega blow

Pay hike: Maharashtra readies for Rs 21,000-cr mega blow

Rediff.com8 Jul 2016

There are 1.9 million employees and 650,000 pensioners in Maharashtra.

Five guarantees: Karnataka cabinet to decide on June 2

Five guarantees: Karnataka cabinet to decide on June 2

Rediff.com31 May 2023

Asserting that his government will implement the five poll 'guarantees' promised ahead of the assembly polls, Karnataka Chief Minister Siddaramaiah on Wednesday said officials have shared their inputs on financial implications, and the cabinet will meet on June 2 to decide on the implementation.

40-year-old fintech gurus need 60-year-olds to handhold them

40-year-old fintech gurus need 60-year-olds to handhold them

Rediff.com19 Mar 2024

The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.

Now, PAN As A Single Business ID

Now, PAN As A Single Business ID

Rediff.com19 Jan 2023

'Each state and central government body may be asked to update its system to ensure PAN is used as a common identification to access its services.'

AAP-LG turf war continues over control of Services department

AAP-LG turf war continues over control of Services department

Rediff.com6 Jul 2018

Following the Supreme Court verdict which clipped the powers of the LG, the bone of contention between the Delhi government and his office continues to be control over the services department.

Nirmalji Goes Cautious On Fiscal Deficit Target

Nirmalji Goes Cautious On Fiscal Deficit Target

Rediff.com15 Dec 2023

But the government will present a second tranche of Supplementary Demands for Grants during the Budget session of Parliament in February, when it can seek additional spending.

CBI grills Satya Pal Malik for 5 hrs over his claim in bribery cases

CBI grills Satya Pal Malik for 5 hrs over his claim in bribery cases

Rediff.com28 Apr 2023

A Central Bureau of Investigation team on Friday arrived at the Som Vihar residence of former Jammu and Kashmir governor Satya Pal Malik in connection with its probe in the alleged insurance "scam" in the Union territory which came to light after his statement that he was offered bribes to clear related files, officials said.

Can 'Singham Anna' Deliver For The BJP?

Can 'Singham Anna' Deliver For The BJP?

Rediff.com17 Apr 2024

Annamalai has faced criticism for the breakup between the AIADMK and the BJP, but BJP leaders say 'he attracts youth, who needs change'.

Centre expands talent pool, to induct 17 private sector experts

Centre expands talent pool, to induct 17 private sector experts

Rediff.com30 May 2023

This is the fourth such recruitment drive proposed to be undertaken by the Narendra Modi government which had in 2018 initiated lateral entry.

Nirmalaji Makes Her Point To The US

Nirmalaji Makes Her Point To The US

Rediff.com12 Apr 2023

Finance Minister Nirmala Sitharaman on Tuesday, April 11, 2023, met with US Treasury Secretary Janet Yellen in Washington, DC.

LIC may need 5 yrs more beyond 2027 to comply with public float norms

LIC may need 5 yrs more beyond 2027 to comply with public float norms

Rediff.com7 Sep 2023

Life Insurance Corporation (LIC) may require at least five more years to comply with the minimum public shareholding of 25 per cent beyond the current exempted timeline of 2027. Formal communication in this regard had been shared recently with the finance ministry, underlining LIC's roadmap, plans of further dilution of stake, current norms around public float, and challenges ahead, a government source familiar with the matter said. "Going forward, we will have to take a call, along with Sebi (Securities and Exchange Board of India) and the Department of Economic Affairs on the roadmap for minimum public shareholding (MPS).

'Money lending has become prudent and conservative'

'Money lending has become prudent and conservative'

Rediff.com2 Feb 2024

'We need to be far more careful given the fact that while this is group lending, it's essentially unsecured.'

Cong leader joins BJP's demand for Kejriwal's resignation

Cong leader joins BJP's demand for Kejriwal's resignation

Rediff.com23 Mar 2024

The Bharatiya Janata Party also slammed Kejriwal's continuation as the chief minister of Delhi despite being under arrest, saying it is the most unfortunate moment in the country's political journey and the worst kind of politics.

To trim finances, govt goes on austerity drive

To trim finances, govt goes on austerity drive

Rediff.com12 Jul 2011

The ministry asked all departments to cut avoidable expenditure, including seminars and conferences at five-star hotels and abroad, purchase of new vehicles, foreign travel and appointment of consultants.

Govt to break 150-yr tradition, gives nod to Railway board restructuring

Govt to break 150-yr tradition, gives nod to Railway board restructuring

Rediff.com25 Dec 2019

The new board will have a leaner structure on functional lines headed by the chairman and four members - covering infrastructure, operations and business development, rolling stock, and finance.

How Sisodia's arrest will affect Kejriwal govt, AAP

How Sisodia's arrest will affect Kejriwal govt, AAP

Rediff.com26 Feb 2023

Deputy Chief Minister Manish Sisodia holds as many as 18 of the total 33 departments, including education, finance and home.

Budget 2023-24: T V Somanathan to Ajay Seth, meet the FM's crack squad

Budget 2023-24: T V Somanathan to Ajay Seth, meet the FM's crack squad

Rediff.com27 Jan 2023

Coming Wednesday, Finance Minister (FM) Nirmala Sitharaman will present the 2023 Union Budget - the last full Budget ahead of the 2024 Lok Sabha elections. While India exited 2022 as a relatively bright spot in the global economy, the FM will endeavour to present a Budget that insulates India's economy against global headwinds and recession in advanced economies, while sticking to the path of fiscal consolidation. In this, she is being helped by her core team of trusted advisors.

Are you a finance professional?

Are you a finance professional?

Rediff.com10 Dec 2004

Tata Motors Limited is looking for finance professionals.

'First Congress Candidate To Get Vote From A Thackeray'

'First Congress Candidate To Get Vote From A Thackeray'

Rediff.com9 May 2024

While the responses of the candidates were predictable, depending on which side they belonged to, an interesting point slipped through when Rahul Shewale cited the Dharavi Redevelopment Project as a scheme that would add to Mumbai's importance. No big infrastructural project in Mumbai, he said, could be successful without the Centre's nod.

What You Must Know About Revised ITR

What You Must Know About Revised ITR

Rediff.com10 Aug 2023

Through a revised return, you can make changes to your ITR and even end up paying lower tax.

15th Finance Commission report: Devolution for FY20-21 cut marginally

15th Finance Commission report: Devolution for FY20-21 cut marginally

Rediff.com2 Feb 2020

This is due to the newly formed Union Territories of Jammu and Kashmir, and Ladakh, which will get funds from the Centre's share, which means devolution will be for 28 states compared to 29 earlier.

CBI searches home of Satya Pal Malik's ex-aide, others in insurance scam

CBI searches home of Satya Pal Malik's ex-aide, others in insurance scam

Rediff.com17 May 2023

The Central Bureau of Investigation on Wednesday conducted searches at the premises of Sunak Bali, who was an aide of Satya Pal Malik when he was the governor of Jammu and Kashmir, and 11 other locations in Delhi and Rajasthan in the alleged insurance scam case, officials said.

Want to become a Master of Finance?

Want to become a Master of Finance?

Rediff.com19 Oct 2004

Alert: The two-year full-time Master of Finance and Control Programme for 2005-2007, from the Department of Financial Studies, University of Delhi South Campus.

Tripura CM allots portfolios; keeps home, health

Tripura CM allots portfolios; keeps home, health

Rediff.com10 Mar 2023

Saha has kept the home, health and family welfare and public works department with him while Ratan Lal Nath has been given the charge of power, agriculture and farmers' welfare, according to an official notification issued by Chief Secretary J K Sinha.

Finance ministry rules out COO appointment in RBI

Finance ministry rules out COO appointment in RBI

Rediff.com14 Aug 2014

The finance ministry has ruled out the proposal for the appointment of a chief operating officer (COO) of the rank of deputy governor in the Reserve Bank of India (RBI), as the government feels no interim arrangements should be made for such high-profile appointments.

Karnataka portfolios: JD-S to get Finance, Congress gets Home

Karnataka portfolios: JD-S to get Finance, Congress gets Home

Rediff.com31 May 2018

The leaders of the two parties have held five rounds of talks since Wednesday to finalise the portfolio sharing arrangement between the partners.

CM Kejriwal keeps crucial power, finance, home portfolios

CM Kejriwal keeps crucial power, finance, home portfolios

Rediff.com28 Dec 2013

Chief Minister Arvind Kejriwal on Saturday allocated portfolios to his six Cabinet colleagues while keeping the key departments of home, finance, power and vigilance with himself.

'BJP will have no effect. Not even an iota'

'BJP will have no effect. Not even an iota'

Rediff.com18 Apr 2024

'The people of Tamil Nadu in particular Chennai know about the double standards of the BJP. Nothing will work for them here.'

I-T notifies 'Angel Tax' rules for valuing investments in startups

I-T notifies 'Angel Tax' rules for valuing investments in startups

Rediff.com26 Sep 2023

The income tax department has notified rules for valuation of equity and compulsorily convertible preferable shares issued by startups to resident and non-resident investors. As per the changes in Rule 11UA of I-T rules, which comes into effect from September 25, the Central Board of Direct Taxes (CBDT) provides that the valuation of compulsorily convertible preference shares (CCPS) can also be based on the fair market value of unquoted equity shares. The amended rules also retain the five new valuation methods proposed in the draft rules for consideration received from the non-residents viz., (i) Comparable Company Multiple Method, (ii) Probability Weighted Expected Return Method, (iii) Option Pricing Method, (iv) Milestone Analysis Method, and (v) Replacement Cost Method.

Hit by leaks, wary finance ministry blocks non-government sites

Hit by leaks, wary finance ministry blocks non-government sites

Rediff.com19 Mar 2015

The ban has been in force since last Friday.

Sunak under Oppn fire over 'VIP access' for Infosys

Sunak under Oppn fire over 'VIP access' for Infosys

Rediff.com5 Feb 2024

A readout of the meeting reportedly said Lord Johnson "made clear that he was keen to see a bigger Infosys presence in the UK and would be happy to do what he could to facilitate that".