News for 'financial systems'

Ex-Company Officials Get Jail Term In IDBI Fraud Case

Ex-Company Officials Get Jail Term In IDBI Fraud Case

Rediff.com4 May 2026

A Delhi court has sentenced three former officials of a company to four years in jail for defrauding the Industrial Development Bank of India (IDBI). The court emphasised that leniency would undermine the justice system and public confidence in the law.

Vijay Must Demonstrate His Government Doesn't Engage In Theft

Vijay Must Demonstrate His Government Doesn't Engage In Theft

Rediff.com27 May 2026

If TVK MLAs and ministers are perceived as clean, or demonstrably cleaner than their predecessors, the credibility dividend will be enormous. The voter will feel rewarded, points out Ramesh Menon.

India abstains from vote On UN climate change resolution: Here's why

India abstains from vote On UN climate change resolution: Here's why

Rediff.com21 May 2026

India abstained from voting on a UN General Assembly resolution concerning climate change obligations, citing concerns that it undermines the United Nations Framework Convention on Climate Change (UNFCCC). India believes climate obligations should be negotiated through the UN climate framework, emphasising differentiated responsibilities.

Haryana CM Releases 2,115 Crore For Welfare Schemes

Haryana CM Releases 2,115 Crore For Welfare Schemes

Rediff.com8 May 2026

Haryana Chief Minister Nayab Singh Saini released over 2,115 crore directly into the bank accounts of beneficiaries under various welfare schemes, benefiting over 58 lakh eligible individuals.

Pukhraj Gill Eyes Asian Tour Card After Breakthrough Win

Pukhraj Gill Eyes Asian Tour Card After Breakthrough Win

Rediff.com19 May 2026

Indian golfer Pukhraj Gill, fresh off his Asian Development Tour title, is focused on securing a full Asian Tour card through consistent performance and leveraging international exposure.

'Amrit kaal has turned into vish kaal': Rahul on NEET leak

'Amrit kaal has turned into vish kaal': Rahul on NEET leak

Rediff.com12 May 2026

Congress leader Rahul Gandhi has strongly criticised the Modi government following the cancellation of the NEET (UG) 2026 examination, citing paper leaks and corruption.

Rahul Gandhi Alleges Modi-LDF Alliance in Kerala Elections

Rahul Gandhi Alleges Modi-LDF Alliance in Kerala Elections

Rediff.com30 Mar 2026

Rahul Gandhi accuses Narendra Modi of remaining silent on the Sabarimala issue to protect the interests of the Left Democratic Front (LDF) in Kerala, alleging a hidden alliance between the BJP and LDF.

Retired Teacher And Wife Allegedly End Lives In Assam

Retired Teacher And Wife Allegedly End Lives In Assam

Rediff.com22 Apr 2026

A retired teacher and his wife allegedly died by suicide in Kalaigaon, Assam, due to financial hardships and prolonged illness, according to a note they left behind.

Investment Disclosure Tightens Tax Scrutiny

Investment Disclosure Tightens Tax Scrutiny

Rediff.com7 May 2026

From the financial year 2025-2026, the government has introduced a new column in the tax return form for presumptive taxpayers, requiring them to disclose their year-end investments. This requirement was not present last year.

Supreme Court Prioritises Victims In Fraud Case Plea

Supreme Court Prioritises Victims In Fraud Case Plea

Rediff.com8 May 2026

The Supreme Court has dismissed a plea from a Dubai-based businessman seeking consolidation of 24 criminal cases against him, emphasising the need for a victim-centric judicial approach.

FIFA under fire as 2026 World Cup heat risk grows

FIFA under fire as 2026 World Cup heat risk grows

Rediff.com14 May 2026

Football's global players' union has renewed concerns about the potential impact of heat on the 2026 World Cup, following a scientific analysis indicating a high likelihood of dangerous temperatures for both players and fans.

Oscar Bruzon inspires East Bengal to end their two-decade title drought

Oscar Bruzon inspires East Bengal to end their two-decade title drought

Rediff.com22 May 2026

East Bengal ended a 22-year wait to win the national league crown, defeating Inter Kashi in a thrilling final. Under coach Oscar Bruzon, the team overcame early setbacks and showed resilience to secure the title, marking a defining moment for the club and Indian football.

Suvendu govt prioritises women's empowerment, welfare schemes

Suvendu govt prioritises women's empowerment, welfare schemes

Rediff.com14 May 2026

West Bengal minister Agnimitra Paul announced the BJP government's commitment to women's empowerment and the continuation of welfare schemes. The 'Annapurna Bhandar' scheme will be accessible through an online portal, ensuring ease of application for all women in Bengal. Chief Minister Suvendu Adhikari has directed officials to implement the scheme and free bus travel for women, while also assuring that existing social welfare schemes will continue.

Dowry Deaths: Why Justice Is Still Elusive For Indian Women

Dowry Deaths: Why Justice Is Still Elusive For Indian Women

Rediff.com24 May 2026

A look into the tragic deaths of three young women in India, allegedly due to dowry-related harassment, highlights the persistent social and legal challenges in addressing this issue.

Modi: TMC's 'Jungle Raj' In Bengal To End On May 4

Modi: TMC's 'Jungle Raj' In Bengal To End On May 4

Rediff.com23 Apr 2026

Prime Minister Narendra Modi asserted that the TMC's governance in West Bengal is nearing its end, citing corruption and unfulfilled promises. He highlighted the BJP's commitment to development and security, particularly for the fisherfolk and against infiltration.

Modi: TMC's 'Syndicate Raj' In Bengal To End On May 4

Modi: TMC's 'Syndicate Raj' In Bengal To End On May 4

Rediff.com23 Apr 2026

Prime Minister Narendra Modi asserted that the TMC's rule in West Bengal is nearing its end, citing corruption and unfulfilled promises. He also pledged support for the fisherfolk and a zero-tolerance policy for infiltrators.

Heard About NPS' RIS Scheme For Your Parents?

Heard About NPS' RIS Scheme For Your Parents?

Rediff.com27 May 2026

RIS Steady Life Cycle begins with an equity allocation of 35 per cent at age 60, which gradually reduces. Between ages 75 and 85, it remains constant at 10 per cent.

US shuts India-based call centre defrauding elderly Americans

US shuts India-based call centre defrauding elderly Americans

Rediff.com21 May 2026

US authorities have shut down an India-based call centre operation that allegedly defrauded hundreds of elderly Americans of millions of dollars through tech support scams, following a years-long investigation.

The Most Vicious Phase Of The War Is About To Begin

The Most Vicious Phase Of The War Is About To Begin

Rediff.com4 Apr 2026

The big question is whether Trump is any longer in command of the situation. For all practical purposes, the war seems set to cascade as the US is preparing for a potential ground operation in Iran and threatens to destroy 'bridges next, then electric power plants', points out Ambassador M K Bhadrakumar.

Intense battle of ballot in Tamil Nadu's cradle Of democracy

Intense battle of ballot in Tamil Nadu's cradle Of democracy

Rediff.com29 Apr 2026

There is something that makes the Uthiramerur assembly constituency in Kancheepuram district special.

'Mamata Banerjee's Comeback Is Impossible'

'Mamata Banerjee's Comeback Is Impossible'

Rediff.com5 Jun 2026

'Mamata was more feared than loved, and in politics when people start fearing you then they start hating you.' 'So Mamata's comeback now is impossible.'

Did These Election Promises Win Tamil Nadu For Vijay?

Did These Election Promises Win Tamil Nadu For Vijay?

Rediff.com4 May 2026

Actor-politician Vijay's TVK party is likely to form the government, bringing focus to their election promises, including gold for marriage, financial assistance for women, and job creation.

Modi's Austerity Push Faces Reality Test

Modi's Austerity Push Faces Reality Test

Rediff.com25 May 2026

Following through announcements with enforcement of measures is key, as a run through recent Indian economic history shows, points out A K Bhattacharya.

India's FDI Inflows Set to Cross $90 Billion in FY26, Says DPIIT Secretary

India's FDI Inflows Set to Cross $90 Billion in FY26, Says DPIIT Secretary

Rediff.com3 May 2026

India's foreign direct investment (FDI) inflows are projected to surpass $90 billion in 2025-26 (FY26), driven by robust policy reforms, free trade agreements, and strong economic growth, according to DPIIT Secretary Amardeep Singh Bhatia.

35 vessels transited via Hormuz in 24 hrs with our 'permission': IRGC Navy

35 vessels transited via Hormuz in 24 hrs with our 'permission': IRGC Navy

Rediff.com22 May 2026

As many as 35 vessels, including cargo carriers and oil tankers, successfully navigated through the strategic maritime chokepoint of the Strait of Hormuz over the last 24 hours, according to Iran's state media reports citing a formal declaration by the Islamic Revolutionary Guard Corps (IRGC) Navy.

Pakistan, Bangladesh challenge India-Australia-ECB

Pakistan, Bangladesh challenge India-Australia-ECB

Rediff.com10 May 2026

The Pakistan Cricket Board and Bangladesh Cricket Board have agreed to support each other at Asian and international cricket forums while seeking greater balance in the Future Tours Programme (FTP) for the 2028-31 cycle.

High cost of capital constraining private investment, growth

High cost of capital constraining private investment, growth

Rediff.com30 Jan 2026

India's high cost of capital due to relatively shallow corporate bond markets, limited institutional investor depth, sovereign risk premia, and regulatory restrictions on capital flows, is a constraint on private investment and long-run growth, the Economic Survey, authored by Chief Economic Advisor (CEA) V Anantha Nageswaran, said.

Court Reader Arrested By CBI In Bribery Case

Court Reader Arrested By CBI In Bribery Case

Rediff.com23 Apr 2026

The CBI arrested a court reader in Tis Hazari, Delhi, following allegations of bribery.

NCW Submits Recommendations For Acid Attack Victim Support

NCW Submits Recommendations For Acid Attack Victim Support

Rediff.com22 Apr 2026

The National Commission for Women (NCW) has submitted a comprehensive set of recommendations to various central ministries, outlining a survivor-centric framework to enhance care, justice, and rehabilitation for acid-attack victims.

Bhutan's Huge Crypto Gamble, India And China Watching

Bhutan's Huge Crypto Gamble, India And China Watching

Rediff.com16 Apr 2026

Is Bhutan merely experimenting with digital finance -- or is the Himalayan kingdom punching far above its weight, quietly playing one of the most sophisticated strategic games in Asia today? asks Varun Arya.

Mission Sudarshan Chakra Action Plan Ready

Mission Sudarshan Chakra Action Plan Ready

Rediff.com19 May 2026

Under Mission Sudarshan Chakra, the country's national security shield is to be expanded by 2035 to ensure comprehensive protection of both strategic and civilian critical infrastructure.

Telangana: Bank Managers Arrested For Siphoning Off Crores

Telangana: Bank Managers Arrested For Siphoning Off Crores

Rediff.com21 Apr 2026

Four individuals, including two bank managers, have been arrested in Telangana for allegedly siphoning off Rs 2.65 crore from a state-owned bank branch in Nalgonda district.

Why Gulf States Now Need India

Why Gulf States Now Need India

Rediff.com15 May 2026

India is the only significant power that all parties trust, or at least do not distrust, notes former defence secretary Ajay Kumar.

Why Cannes' Pick Amma Ariyan Is A Haunting Masterpiece

Why Cannes' Pick Amma Ariyan Is A Haunting Masterpiece

Rediff.com12 May 2026

John Abraham's 1986 film Amma Ariyan, now heading to the 2026 Cannes film festival, remains one of Malayalam cinema's most politically charged and unsettling masterpieces.

How Hyderabad Police Plan To Combat Cyber Fraud

How Hyderabad Police Plan To Combat Cyber Fraud

Rediff.com21 Apr 2026

Hyderabad Police Commissioner V C Sajjanar has proposed a Joint Working Group with the RBI and banks to address the issue of mule bank accounts used in cyber fraud. The proposal follows 'Operation Octopus,' which exposed vulnerabilities in KYC verification. Sajjanar also recommended strict directives for banks to fix accountability and adopt advanced technology to detect suspicious transactions.

Tata Sons Dilemma: To List Or Not To List

Tata Sons Dilemma: To List Or Not To List

Rediff.com26 May 2026

The upcoming Tata Sons board meeting in June could possibly throw some light on several critical issues that may have a bearing on the future of the corporate behemoth.

Four Charged in Chhattisgarh Medical Equipment Procurement Irregularities

Four Charged in Chhattisgarh Medical Equipment Procurement Irregularities

Rediff.com16 Apr 2026

The Chhattisgarh Anti-Corruption Bureau/Economic Offence Wing (ACB/EOW) has filed a supplementary chargesheet against four individuals for alleged irregularities in the procurement of medical equipment and reagent chemicals in 2023, resulting in significant financial losses to the state.

Over 130 Foreign Nationals Arrested In Sri Lanka Cybercrime Bust

Over 130 Foreign Nationals Arrested In Sri Lanka Cybercrime Bust

Rediff.com3 May 2026

Sri Lankan police have arrested over 130 foreign nationals in a crackdown on alleged cybercrime operations across the island nation. The arrests, part of a wider effort to combat cross-border online fraud, took place in Colombo suburbs and involved individuals from various countries.

2 Years On, Automakers Still Waiting For Govt to Clear FAME-II Dues

2 Years On, Automakers Still Waiting For Govt to Clear FAME-II Dues

Rediff.com16 Apr 2026

Under FAME-II, automakers provided subsidies to electric vehicle (EV) customers at the time of purchase, with the understanding that the government would reimburse the firms later.

How A Software Engineer Ran A Rs 100 Crore Online Trading Scam

How A Software Engineer Ran A Rs 100 Crore Online Trading Scam

Rediff.com11 May 2026

A software engineer earning a high salary allegedly abandoned his career to run a fake online trading racket, duping investors of nearly Rs 100 crore.