News for 'finance department'

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.

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.

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.

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.

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.

Dept of Public Enterprises now part of FinMin

Dept of Public Enterprises now part of FinMin

Rediff.com7 Jul 2021

The government has merged the Department of Public Enterprises (DPE) with the finance ministry to give it a better control over state-owned firms and facilitate its ambitious privatisation programme. Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry of heavy industries and public enterprises will now be called the ministry of heavy industries. Previously, the disinvestment ministry - created under the Atal Bihari Vajpayee government - was merged with the finance ministry and is now a department under it. Also, Foreign Investment Promotion Board (FIPB) was abolished and administration of foreign investments was given to the finance ministry (FinMin).

'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.

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.

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.

CBDT targets resolving about 3,000 taxpayers' grievances by Oct-end

CBDT targets resolving about 3,000 taxpayers' grievances by Oct-end

Rediff.com10 Oct 2022

The grievances of as many as 2,500-3,000 taxpayers could be addressed and resolved between October 2 and October 31. The Central Board of Direct Taxes (CBDT) has asked tax officials to dispose of at least 20 per cent of the pending matters during the period. The move comes after Union Finance Minister Nirmala Sitharaman recently nudged the income-tax (I-T) department to redress the grievances promptly.

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.

Delhi's Taj Palace Hotel gets a lease of life

Delhi's Taj Palace Hotel gets a lease of life

Rediff.com23 Mar 2013

Development authority said to have passed Taj's file to Delhi lieutenant governor for approval.

Assam to get STF to fight militants

Assam to get STF to fight militants

Rediff.com12 Jul 2008

The Assam government will have a crack Special Task Force soon to carry out specific operations against insurgents as initiatives for the same has been started after getting approval from the state's finance department. The force is being launched in the style and format of the Greyhound Battalion in Andhra Pradesh and is expected to be made operational within two months.

Is Delhi govt trying to 'save' Reliance Energy?

Is Delhi govt trying to 'save' Reliance Energy?

Rediff.com27 Jan 2012

He gave the department time till February 13 to provide a complete record of office notes, orders and correspondence in this regard.

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.

In ChatGPT's shadow, India readies for aggressive AI play

In ChatGPT's shadow, India readies for aggressive AI play

Rediff.com11 Mar 2023

The government has identified nine key focus areas in the AI national programme, including agriculture, education, Indian languages, smart cities, cybersecurity, transportation, and finance.

How a tortoise made due diligence process NPA-free

How a tortoise made due diligence process NPA-free

Rediff.com28 Dec 2022

Only NIIF has stayed the course as a viable infrastructure financing institution.

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.

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.

Anti-Gandhi remark: MP-Chhattisgarh spar as Kalicharan arrested

Anti-Gandhi remark: MP-Chhattisgarh spar as Kalicharan arrested

Rediff.com30 Dec 2021

Acting on a specific input, the Raipur police apprehended the seer from a rented room near Bageshwar Dham, located around 25 km from Khajuraho town in MP, Raipur Superintendent of Police Prashant Agrawal said.

Tax sleuths raid Mumbai's Shiv Sena corporator over tax evasion charges

Tax sleuths raid Mumbai's Shiv Sena corporator over tax evasion charges

Rediff.com25 Feb 2022

A team of tax department officials is undertaking the raids against Jadhav, also the chairman of the BMC standing committee, since early morning, they said.

I-T sleuths raid unrecognised political parties across India

I-T sleuths raid unrecognised political parties across India

Rediff.com7 Sep 2022

The income tax department on Wednesday conducted raids in multiple states as part of a pan-India tax evasion probe against certain registered unrecognised political parties (RUPP) and their alleged dubious financial transactions, official sources said.

U'khand CM Dhami allots portfolios, keeps over 2 dozen depts for himself

U'khand CM Dhami allots portfolios, keeps over 2 dozen depts for himself

Rediff.com30 Mar 2022

These include home, industrial development (mining), justice, labour, excise, environment conservation and climate change, disaster management and rehabilitation and civil aviation.

Govt Misses Divestment Target

Govt Misses Divestment Target

Rediff.com19 Jan 2023

Ahead of the Budget, the government has achieved almost half the divestment target of Rs 65,000 crore. FY23 divestment receipts are unlikely to be anywhere close to the budgeted target.

From North Block to Mint Street, Shaktikanta Das has traversed a long way

From North Block to Mint Street, Shaktikanta Das has traversed a long way

Rediff.com11 Dec 2018

From defending the shock announcement of demonetisation to spearheading the remonetisation drive that included the cumbersome process of printing and supplying new Rs 500 and Rs 2,000 notes, his calm composure brought a sense of serenity to an otherwise chaotic situation.

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.

Why Finance Minister Jaitley disappointed Defence Minister Jaitley

Why Finance Minister Jaitley disappointed Defence Minister Jaitley

Rediff.com15 Jul 2014

The finance minister hiked the total defence expenditure from Rs 203,672 crore in FY 2013-2014 to Rs 229,000 crore for FY 2014-2015. Though the increase appears substantial, it is insufficient to undertake the military modernisation necessary to meet the emerging threats, feels Brigadier Gurmeet Kanwal (retd).

Who Will Admit To Committing Fraud?

Who Will Admit To Committing Fraud?

Rediff.com27 Apr 2023

Banks do extensive investigation before declaring an account fraud; they owe it to us as they deal with our money. Why would they try to fix an innocent borrower? asks Tamal Bandyopadhyay.

New tax regime: Big unexplained expenditure may lead to I-T review

New tax regime: Big unexplained expenditure may lead to I-T review

Rediff.com25 Apr 2022

Tax consultants and chartered accountants have started receiving a flurry of calls from their clients - both corporate and individuals - seeking clarity over changes in the reassessment regime made during the recently concluded Budget Session of Parliament. Tax experts apprehend the amendments may lead to the income-tax (I-T) department sending out more notices. The new provisions, effective from April 1, have extended the scope for tax sleuths to reopen the past assessments.

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.

National summit on financial services at GIFT City

National summit on financial services at GIFT City

Rediff.com19 Feb 2014

Gujarat Chief Minister Narendra Modi was the Chief Guest at the event.

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.'

Biden imposes new sanctions on Russia for annexing Ukrainian regions

Biden imposes new sanctions on Russia for annexing Ukrainian regions

Rediff.com1 Oct 2022

Meanwhile, US President Joe Biden condemned Russia's annexation of Ukrainian territory on Friday.

Unpaid firms, former employees sue CWG OC

Unpaid firms, former employees sue CWG OC

Rediff.com5 Jul 2011

Under the scanner for alleged bungling to the tune of several crores of rupees, the Commonwealth Games Organising Committee is now mired in litigation with several firms and its former employees seeking their dues.

Finmin reimposes spending curbs on ministries, depts for Q2

Finmin reimposes spending curbs on ministries, depts for Q2

Rediff.com1 Jul 2021

The finance ministry on Wednesday reimposed expenditure curbs on ministries and government departments for July-September quarter. There will be no spending restrictions on the ministries of health, rural development, agriculture, MSME (micro, small and medium enterprises) and railways as part of a two-pronged strategy. "The existing guidelines for expenditure control have been reviewed. "Keeping in view the evolving situation arising out of Covid-19 and anticipated cash position of the government, it is felt essential to regulate Quarterly Expenditure Plan (QEP)/Monthly Expenditure Plan (MEP) of specific ministries/departments for July-September, 2021," the Department of Economic Affairs in the finance ministry said in a notification.

Nilekani donates Rs 315 cr to alma mater IIT-Bombay

Nilekani donates Rs 315 cr to alma mater IIT-Bombay

Rediff.com20 Jun 2023

Nandan Nilekani, co-founder and chairman of Infosys and the founding chairman of UIDAI, has donated Rs 315 crore to the Indian Institute of Technology (IIT) Bombay.

Biden proposes over $25 bn spend in Indo-Pacific to out-compete China

Biden proposes over $25 bn spend in Indo-Pacific to out-compete China

Rediff.com10 Mar 2023

This includes over $15 billion of proposed investment in the infrastructure sector in the Indo-Pacific and $9 billion for shoring up American defence in the region.

IEPFA reaches out to top hundred firms to ease investor claims' process

IEPFA reaches out to top hundred firms to ease investor claims' process

Rediff.com2 Jun 2023

The investor education and protection fund authority (IEPFA) has reached out to top hundred companies to reduce the documentation required for individuals trying to claim their shares, according to a senior government official. Recently, the Supreme Court-appointed expert panel on the Adani-Hindenburg case had raised issues such as capacity constraints faced by IEPFA in clearing these claims which are over Rs 5,000 crore. "Our immediate priority is to ensure that claims of those investors whose application was approved a year ago but the transfer has not gone through yet are settled first.

FM asks India Inc to clear dues to MSMEs in 45 days

FM asks India Inc to clear dues to MSMEs in 45 days

Rediff.com16 Sep 2022

Finance Minister Nirmala Sitharaman on Friday asked private sector companies to clear dues to small businesses within 45 days and admitted that the central departments and enterprises are also not making payments to them on time. She conceded that the Centre, states and state-owned enterprises too have outstanding dues to micro, small and medium enterprises (MSMEs). The minister said that at a meeting with big businesses here two days ago, she had appealed to them to ensure that the dues of small businesses, who are the backbone of the economy, are cleared on time.

PCB returns fine amount to players

PCB returns fine amount to players

Rediff.com14 Jul 2010

The Pakistan Cricket Board has returned the money it had deducted from the funds of four players after they were fined heavily earlier this year for indiscipline during the disastrous tour of Australia.