News for 'finance department'

Mehbooba sacks Finance Minister Drabu for saying J-K 'not a political issue'

Mehbooba sacks Finance Minister Drabu for saying J-K 'not a political issue'

Rediff.com12 Mar 2018

"It (JK) is not a political issue as far as I can see. They have been barking up the wrong tree for the last 50 or 70 years by talking about the politics of it, that the political situation has never improved. We seriously need to look at in terms of how it is a society that is in search for itself," Drabu had said at an event organised by the PHD Chamber of Commerce and Industry in New Delhi on Friday.

Tax 'survey' on BBC offices continues, clocks over 34 hours

Tax 'survey' on BBC offices continues, clocks over 34 hours

Rediff.com15 Feb 2023

The tax department had launched the action on Tuesday at the BBC's Delhi and Mumbai offices along with at least two linked premises as part of an investigation into alleged tax evasion against the British broadcaster in India.

The Credila Success Story

The Credila Success Story

Rediff.com10 Jul 2023

Education finance is a complex and dynamic sector. There are too many variables -- the course, the calibre of students, the universities, and the job prospects once the course is over, notes Tamal Bandyopadhyay.

Modi, other prominent leaders pay tributes to Parkash Singh Badal

Modi, other prominent leaders pay tributes to Parkash Singh Badal

Rediff.com26 Apr 2023

The Punjab government has declared a holiday on Thursday as a mark of respect to the former chief minister.

Rs 1,900 crore deficit likely to hit infrastructure projects in FY23

Rs 1,900 crore deficit likely to hit infrastructure projects in FY23

Rediff.com20 Apr 2022

The Parliamentary Standing Committee on Commerce has observed that a massive shortfall in the budgetary allocation of over Rs 1,900 crore by the finance ministry to the industry department may have an adverse impact on the implementation of infrastructure (infra) projects in 2022-23 (FY23). While the Department for Promotion of Industry and Internal Trade (DPIIT) had sought Rs 10,267 crore from the finance ministry for FY23, it received Rs 8,348-crore allocation. For the National Industrial Corridor Development & Implementation Trust (NICDIT), the finance ministry has allocated Rs 1,500 crore instead of Rs 2,400 crore demanded for the project.

GST collections rise to Rs 1.65 lakh cr in July

GST collections rise to Rs 1.65 lakh cr in July

Rediff.com1 Aug 2023

GST collection rose 11 per cent to over Rs 1.65 lakh crore in July as a result of anti-evasion measures and higher consumer spending. This is the fifth time since the rollout of the Goods and Services Tax (GST) regime that monthly collections have crossed the Rs 1.60 lakh crore mark -- making it the new normal. "Gross GST revenue collected in July is Rs 1,65,105 crore of which CGST is Rs 29,773 crore, SGST is Rs 37,623 crore, IGST is Rs 85,930 crore (including Rs 41,239 crore collected on import of goods) and cess is Rs 11,779 crore (including Rs 840 crore collected on import of goods)," the finance ministry said in a statement.

3-day survey found many tax-linked irregularities at BBC, says I-T dept

3-day survey found many tax-linked irregularities at BBC, says I-T dept

Rediff.com17 Feb 2023

The income and profits shown by various BBC group entities are "not commensurate" with the scale of their operations in India and tax has not been paid on certain remittances by its foreign entities, the income tax authorities said Friday, a day after they ended a three-day-long survey operation against the British media organisation.

100% lockdown not required, but...: Maha health minister

100% lockdown not required, but...: Maha health minister

Rediff.com5 Jan 2022

Tope stressed on the need to impose restrictions wherever there is crowding.

Health sector allocation hiked by 13% in Union Budget

Health sector allocation hiked by 13% in Union Budget

Rediff.com1 Feb 2023

The health sector has been allocated Rs 89,155 crore in the Union Budget 2023-24, a hike of around 13 per cent over Rs 79,145 crore allocated in 2022-23, with the government also announcing a mission to eliminate sickle cell anaemia by 2047.

Group Mediclaim: 7 Benefits To Know

Group Mediclaim: 7 Benefits To Know

Rediff.com12 Jul 2022

Sanil Basutkar, Co-founder, HealthySure, lists the benefits of availing a group health insurance policy.

Govt to create higher education financing agency

Govt to create higher education financing agency

Rediff.com2 Mar 2016

Entrepreneurship, education and training will be provided in 2,200 colleges, 300 schools, 500 government ITIs and 50 vocational training centres through massive open online courses.

SC okays another extension for ED boss Mishra, till Sep 15 this time

SC okays another extension for ED boss Mishra, till Sep 15 this time

Rediff.com27 Jul 2023

The Supreme Court on Thursday extended the tenure of Enforcement Directorate chief Sanjay Kumar Mishra till September 15 midnight in larger "public and national interest" after the Centre asserted his continuity is necessary in view of the ongoing FATF peer review and attempts by India's neighbours to ensure the country falls in the grey list.

Gehlot's Political Response To Farmers' Debt Problem

Gehlot's Political Response To Farmers' Debt Problem

Rediff.com23 Aug 2023

Banks may become more cautious in extending loans, as more and more farmers may take loans, relying on the assurance that a debt relief commission will back them in the event of default.

From Lambretta to Aamby Valley Project: Rise and fall of Subrata Roy

From Lambretta to Aamby Valley Project: Rise and fall of Subrata Roy

Rediff.com16 Nov 2023

The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.

Gaganyaan gets Rs 12,544 cr allotted for space

Gaganyaan gets Rs 12,544 cr allotted for space

Rediff.com1 Feb 2023

Finance Minister Nirmala Sitharaman on Wednesday allocated nearly Rs 12,544 crore to the department of space as India plans a human spaceflight -- Gaganyaan -- next year and sets out to explore the moon and neighbouring planets.

Another Gujarat cadre IAS officer gets plum posting in Modi govt

Another Gujarat cadre IAS officer gets plum posting in Modi govt

Rediff.com4 Nov 2014

In yet another secretary-level change, government appointed Hasmukh Adhia, a 1981 Gujarat cadre IAS officer, as the new Financial Services Secretary replacing G S Sandhu.

Senior-level bureaucratic rejig at Centre, Rajendra Kumar made ESIC chief

Senior-level bureaucratic rejig at Centre, Rajendra Kumar made ESIC chief

Rediff.com25 Sep 2022

Kumar, a 1992-batch Indian Administrative Service officer of Tamil Nadu cadre, is currently an additional secretary in the ministry of electronics and Information Technology.

Quick decision-making needed for combat-readiness: Rajnath

Quick decision-making needed for combat-readiness: Rajnath

Rediff.com14 Nov 2022

Defence Minister Rajnath Singh on Monday said swift and transparent decision-making and availability of optimal resources were needed for a country's combat readiness.

Will sub-par monsoon dent market sentiment?

Will sub-par monsoon dent market sentiment?

Rediff.com22 Apr 2023

While weather forecasters remain divided on how the monsoons will play out in India over the next few months, analysts believe the news at the current juncture - at best - can trigger a knee-jerk reaction in the markets. They believe it is too early to say whether the sub-par monsoon on account of El Nino can seriously dent the market sentiment in the short-to-medium term. "These are just initial forecasts and we will have another round / status update from the weather forecasters a month down the line.

Infra Brushstrokes For The Budget

Infra Brushstrokes For The Budget

Rediff.com30 Jan 2023

7 key areas that the Budget must address to re-energise the infrastructure sector, suggests Vinayak Chatterjee.

Fadnavis govt hit by another scam: Vinod Tawde faces graft allegations

Fadnavis govt hit by another scam: Vinod Tawde faces graft allegations

Rediff.com30 Jun 2015

Another minister -- Vinod Tawde -- has been accused of corruption in awarding contracts.

Modi backed, Rajan, RBI in turf war with finance ministry

Modi backed, Rajan, RBI in turf war with finance ministry

Rediff.com7 May 2015

New Delhi was reluctant to spook investors by clipping the bank's wings

Haryana govt bars ICICI Prudential for 3 yrs

Haryana govt bars ICICI Prudential for 3 yrs

Rediff.com17 Apr 2013

ICICI Pru is barred from doing any further business with the state government or any of its departments.

Govt lifts expenditure curbs linked to Covid-19

Govt lifts expenditure curbs linked to Covid-19

Rediff.com24 Sep 2021

The finance ministry on Friday withdrew expenditure curbs on various departments and ministries imposed in June in the wake of the COVID-19 second wave, reflecting improvement in public finances and the urgency to step up growth.

TN assembly re-adopts 10 bills returned by Guv Ravi

TN assembly re-adopts 10 bills returned by Guv Ravi

Rediff.com18 Nov 2023

Stalin, moving the resolution, said without giving any reasons, Ravi had returned the Bills, mentioning "I withhold Assent" to them.

India's Chip Dreams Won't Happen Unless...

India's Chip Dreams Won't Happen Unless...

Rediff.com15 May 2023

OSAT majors have concerns about India's ability to provide a stable, predictable, and lasting policy environment for years to come, which is key for making a decision in a capital-intensive business.

'Technology' appears 44 times in Modi-Biden statement, up from 5 three years ago

'Technology' appears 44 times in Modi-Biden statement, up from 5 three years ago

Rediff.com24 Jun 2023

From the seas to the stars, this partnership will now be deepened by the defining role of technology, the statement said.

Lok Sabha passes supplementary grants without debate

Lok Sabha passes supplementary grants without debate

Rediff.com21 Mar 2023

On March 13, Minister of State for Finance Pankaj Chaudhary had tabled the second batch of supplementary demands for grants in the House amounting to a total of Rs 2,70,508.89 crore.

Byju's sacks 1,000 more; count jumps to 3,500

Byju's sacks 1,000 more; count jumps to 3,500

Rediff.com20 Jun 2023

India's largest edtech firm Byju's will fire 1,000 employees in a fresh round of layoffs across departments. With the latest round, total job cuts at the company have mounted to around 3,500. According to sources, fresh job cuts are an attempt by the company to improve its finances and work towards a path to profitability.

At luncheon, Modi lauds Harris for strengthening Indo-US strategic ties

At luncheon, Modi lauds Harris for strengthening Indo-US strategic ties

Rediff.com24 Jun 2023

India and the US are working with renewed trust in areas of new and emerging technologies, Prime Minister Narendra Modi said on Friday as he thanked the American leadership for giving him a grand welcome.

G20 Summit: Startups hope Delhi Declaration to help ease capital access

G20 Summit: Startups hope Delhi Declaration to help ease capital access

Rediff.com11 Sep 2023

The Indian startup ecosystem has lauded the inclusion of startups in the New Delhi Leaders' Declaration for the first time ever in the history of G20. Industry stakeholders say that the move will lead to easier access to capital, reduce regulatory hurdles, and may revive funding activity. The Declaration, through the Startup20 initiative, recognised startups as "natural engines of growth" and key to socio-economic transformation by driving innovation and creating employment.

PSU Disinvestment: Modi Missing The Bus

PSU Disinvestment: Modi Missing The Bus

Rediff.com3 Oct 2023

'Inter-ministerial coordination, information on the proposed PSUs, and due diligence are taking longer than expected to conclude the process.'

TN governor re-allocates Balaji's portfolios, wants him dropped

TN governor re-allocates Balaji's portfolios, wants him dropped

Rediff.com16 Jun 2023

Tamil Nadu Governor R N Ravi on Friday re-allocated the portfolios held by arrested state Minister V Senthil Balaji, on the recommendations of Chief Minister M K Stalin but "has not agreed" to the minister continuing in the cabinet, the Raj Bhavan said.

LG-Kejriwal tussle refuses to die down despite one-hour meeting

LG-Kejriwal tussle refuses to die down despite one-hour meeting

Rediff.com14 Jan 2023

Kejriwal alleged that for the last few months, the interference of the lieutenant governor in the elected government's working has increased day by day.

UN names Hafiz Saeed's brother-in-law as 'global terrorist'

UN names Hafiz Saeed's brother-in-law as 'global terrorist'

Rediff.com17 Jan 2023

Makki and other LeT/JUD operatives "have been involved in raising funds, recruiting and radicalising youth to violence and planning attacks in India, particularly in Jammu and Kashmir (J&K)," the sanctions committee said, providing a statement for the reasons of Makki's listing.

Good Samaritan donates Rs 15.31 cr for child's life-saving drug

Good Samaritan donates Rs 15.31 cr for child's life-saving drug

Rediff.com23 Feb 2023

A couple from Mumbai who recently shifted to Kerala has received Rs 15.31 crore from an anonymous donor to purchase a life-saving drug for the treatment of their 16-month-old son.

CBI registers 2 FIRs on graft charges by ex-JK Guv Malik, searches 14 places

CBI registers 2 FIRs on graft charges by ex-JK Guv Malik, searches 14 places

Rediff.com21 Apr 2022

The CBI after registering the FIRs carried out searches on Thursday morning at 14 locations in Jammu, Srinagar, Delhi, Mumbai, Noida in Uttar Pradesh, Trivandrum in Kerala and Darbhanga in Bihar, they said.

UK student visa: Finance documents that you need

UK student visa: Finance documents that you need

Rediff.com7 Jul 2006

Kevin Woods, head, visa department, British Deputy High Commission, Chennai, says you will need to show evidence that funds will be available throughout the length of your course.

Compliant with Indian laws: CPR, Oxfam after I-T raids

Compliant with Indian laws: CPR, Oxfam after I-T raids

Rediff.com9 Sep 2022

The government has cancelled the FCRA registration of nearly 1,900 NGOs for violating various provisions of the law in the last five years. There were 22,762 FCRA-registered organisations till December-end 2021.

Meet Rajiv Bansal, the next CFO

Meet Rajiv Bansal, the next CFO

Rediff.com13 Oct 2012

Infosys describes him as "a very bright star in the finance department", with it for 13 years and working under Balakrishnan for the past four years.