News for 'finance department'

'Doubts About Longevity Of Modi Govt'

'Doubts About Longevity Of Modi Govt'

Rediff.com24 Jun 2024

'I have serious doubts about the longevity of the NDA government and the longevity of the 18th Lok Sabha itself.'

More MLAs to quit, Sukhu govt will fall, says Himachal Cong rebel

More MLAs to quit, Sukhu govt will fall, says Himachal Cong rebel

Rediff.com2 Mar 2024

Rebel Himachal Pradesh Congress MLA Rajinder Rana on Saturday claimed that nine more party legislators 'feeling suffocated' due to Sukhvinder Singh Sukhu's style of functioning are in touch with him as he called the chief minister 'liar number one'.

Rollout of new PLIs unlikely as govt eyes 'course correction'

Rollout of new PLIs unlikely as govt eyes 'course correction'

Rediff.com14 Oct 2023

The government has decided to hold off introducing the production-linked incentive (PLI) scheme for additional sectors until it verifies the efficacy of existing initiatives. Top government officials have received mixed feedback on the scheme, including insights from the Economic Advisory Council to the Prime Minister, people aware of the matter said. "There are no new PLI schemes in the offing.

Hong Kong busts $1.8-bn money laundering syndicate with India links, 7 held

Hong Kong busts $1.8-bn money laundering syndicate with India links, 7 held

Rediff.com16 Feb 2024

The syndicate used "stooge" bank accounts and shell companies to transfer the largest amount linked to a single case recorded in the city, the Customs and Excise Department of Hong Kong said.

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.

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.

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.

Amid Annamalai buzz, DMK, AIADMK fight hard

Amid Annamalai buzz, DMK, AIADMK fight hard

Rediff.com17 Apr 2024

BJP workers depend on Annamalai's popularity to emerge victorious. He has has made 100 promises to be fulfilled in 500 days and assurances include cleaning up rivers, an international airport and food vans named after former Chief Minister K Kamaraj.

'Jobs Have To Be Created Everywhere'

'Jobs Have To Be Created Everywhere'

Rediff.com25 Jul 2024

'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'

BJP likely to keep big 4 portfolios, culture, education

BJP likely to keep big 4 portfolios, culture, education

Rediff.com8 Jun 2024

There is a view that heavyweight portfolios like home, finance, defence and external affairs besides education and culture, two ministries with strong ideological hues, will be kept by the BJP, while its allies can get anywhere between five to eight cabinet berths.

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.

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.

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.

'We Want Chinese Style Growth'

'We Want Chinese Style Growth'

Rediff.com1 Aug 2024

'We have essentially tried to set out an agenda for the next five years and it, in essence, represents the political commitment to that agenda.'

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.

Telecom industry wants govt to junk USOF, slash duties

Telecom industry wants govt to junk USOF, slash duties

Rediff.com27 Jan 2024

Telecom services providers have urged the Ministry of Finance to suspend the universal service obligation (USOF) till the existing corpus is exhausted. In their Budget recommendations, they have also pressed for an exemption from the service tax on "assignment of right to use natural resources" and the slashing of Customs duty on telecom equipment to zero. The Cellular Operators Association of India (Coai), which represents private sector telecom operators Reliance Jio, Bharti Airtel, and Vodafone Idea, called for abolishment of USOF levy.

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.

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.'

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.

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.

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.

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.

We want details of who gave who: Cong on SC's electoral bond order

We want details of who gave who: Cong on SC's electoral bond order

Rediff.com11 Mar 2024

'This mega corruption scandal, as certified by the Supreme Court, will expose the unholy nexus between the BJP and its corrupt corporate masters'

Akshay, Aamir star in new film for I-T department

Akshay, Aamir star in new film for I-T department

Rediff.com22 Jul 2010

two of the highest tax payers in Bollywood, will star in a documentary produced by the Income Tax Department to spread the message of tax compliance.

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.

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.

17 Acts to be amended through Finance Bill

17 Acts to be amended through Finance Bill

Rediff.com23 Mar 2017

Govt to scrap 8 appellate tribunals; National Company Law Appellate Tribunal to take over Competition Appellate Tribunal's duties

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.

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.

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.

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.

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).

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).

Finance ministry has no plan to alter FDI norms

Finance ministry has no plan to alter FDI norms

Rediff.com28 Aug 2009

Eases regulatory hurdles for Bharti-MTN deal.

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.

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.

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.

'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.

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.

K'taka BJP MLC alleges Rs 21,473cr tender 'scam', targets CM's son

K'taka BJP MLC alleges Rs 21,473cr tender 'scam', targets CM's son

Rediff.com18 Jun 2021

The BJP MLC, who had switched his loyalty from the Janat Dal-Secular to the BJP two years ago, alleged that the "entire state" including ministers, had been talking about Vijayendra's interference in the administration.