News for 'finance department'

Pre-Budget Consultations To Begin Soon

Pre-Budget Consultations To Begin Soon

Rediff.com16 Nov 2022

Seven of the meetings will be held in late November or early December at the finance ministry, as is the norm.

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.

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.

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.

'Modi Fatigue Has Set In'

'Modi Fatigue Has Set In'

Rediff.com3 Apr 2024

'Modigate is snowballing into a huge thing with the electorate. The BJP is in for huge punishment by the electorate.'

PowerMin nudges states, gencos to take up insolvent assets

PowerMin nudges states, gencos to take up insolvent assets

Rediff.com12 Nov 2023

To tackle increasing demand, the Union Ministry of Power has urged central and state public-sector power-generating companies (gencos) and state power and energy departments to pick projects that are undergoing insolvency proceedings. The power ministry is looking at a quicker turnaround of these stressed power plants and enhancing power supply. Increasing demand is pushing states to scout for more power sources. "It is requested that state-owned gencos may be encouraged to participate in the corporate insolvency resolution process (CIRP) of stressed power assets, which are of strategic and commercial significance to the capacity addition plans of the states concerned.

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.

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.

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.

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.

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.

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.

Can Stalin Repeat 2019 Lok Sabha Result In 2024?

Can Stalin Repeat 2019 Lok Sabha Result In 2024?

Rediff.com5 Jan 2024

Stalin still enjoys a lot of sympathy and empathy as someone wishing well for the state, but not full-throated support as in 2019 and 2021, notes N Sathiya Moorthy.

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.

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.

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.

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.

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.

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.

Numbers Don't Add Up For BJP In Tamil Nadu

Numbers Don't Add Up For BJP In Tamil Nadu

Rediff.com19 Apr 2024

Indications are that the DMK combine will win more seats than the AIADMK and BJP, but is facing a tough fight in about half a dozen from the rest, predicts N Sathiya Moorthy of the electoral contest in Tamil Nadu.

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.

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.

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.

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.

Maha government divided over VAT set-off decision

Maha government divided over VAT set-off decision

Rediff.com6 Jun 2012

CM Prithviraj Chavan indicates issue to be discussed once again by Cabinet

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.

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.

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.

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.

VVIP chopper scam: ED seeks assets details from MoD, income tax department

VVIP chopper scam: ED seeks assets details from MoD, income tax department

Rediff.com5 May 2016

Officials said the agency has sought property details on ten serving and retired officials of the ministry of defence and the IAF.

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.

'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.

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.

I-T portal marred with another glitch; Infosys directed to fix issue

I-T portal marred with another glitch; Infosys directed to fix issue

Rediff.com7 Jun 2022

The Income Tax Department on Tuesday said software services provider Infosys has been directed to look into the issue relating to malfunction of search option on the e-filing portal. After many users complained of issues while accessing the I-T portal and reported that it was hacked on Tuesday, which also happens to be the first launch anniversary of the portal, the department said Infosys is resolving the issue on priority. "Issue relating to the search functionality of the e-filing website has come to our notice.

Former Citi executive charged with $19 mn fraud

Former Citi executive charged with $19 mn fraud

Rediff.com28 Jun 2011

A former top executive of Citigroup has been charged for allegedly siphoning off more than $19 million from the bank, the latest in a string of frauds that have come to light at the global banking giant.

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.

Mumbai terror attack handler Majeed Mir awarded 15-yr jail in Pakistan

Mumbai terror attack handler Majeed Mir awarded 15-yr jail in Pakistan

Rediff.com25 Jun 2022

Mir was called "project manager" of the Mumbai attacks.

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.

'Finance ministry supported NSE in fight with MCX'

'Finance ministry supported NSE in fight with MCX'

Rediff.com22 Mar 2014

Chary also says some government officials have played an important role in favouring organisations that MCX competes with.