News for 'foreign exchange department'

Unlike Hathras, action in Hoshiarpur was swift: Amarinder

Unlike Hathras, action in Hoshiarpur was swift: Amarinder

Rediff.com25 Oct 2020

The chief minister pointed out that prompt action had been taken by the Punjab Police and the accused had been caught without delay, unlike in the Hathras incident. "That was why Rahul Gandhi had to rush to Hathras, to secure justice for the victim's family, and did not need to visit Hoshiarpur," he said.

India raises withdrawal of students' visas with US

India raises withdrawal of students' visas with US

Rediff.com8 Jul 2020

It is understood that India's border row with China figured in the talks between Foreign Secretary Harsh Vardhan Shringla and US Under Secretary of State for Political Affairs David Hale though there was no mention of it in the press statements issued by the two sides.

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

Walmart asks for one year to convert $100 million into equity

Walmart asks for one year to convert $100 million into equity

Rediff.com2 Oct 2013

The one-year extension would give Walmart and its Indian joint venture partner in the cash and carry business, Bharti Group, more time to sort things out and decide on a retail foray together, people in the know said.

Modi wants India to break into the $5 trillion club

Modi wants India to break into the $5 trillion club

Rediff.com22 Jun 2018

Listing out the achievements of his government, he said the country has moved away from a culture of delaying work through 'atkana, latkana and bhatkana' (obstructing, delaying and misguiding).

Sitharaman on Adani fallout: Regulators will look into it

Sitharaman on Adani fallout: Regulators will look into it

Rediff.com4 Feb 2023

India's economic image is not affected due to Adani Group's recent decision to pull out Rs 20,000 crore FPO (follow-on public offers) amid allegations of financial wrongdoings, Finance Minister Nirmala Sitharaman said on Saturday.

Sensex pares gains; energy, IT shares save the day

Sensex pares gains; energy, IT shares save the day

Rediff.com8 Mar 2021

On the Sensex chart, L&T, ONGC, HCL Tech, NTPC, Axis Bank and Infosys were major gainers. NSE Nifty ended with a gain of 18.10 points at 14,956.20.

New currency notes: What you must know

New currency notes: What you must know

Rediff.com9 Nov 2016

The government on Tuesday night announced that Rs 500 and Rs 1,000 will be no longer legal tender after November 8, midnight. Here are the details you need know

Russia now global economic pariah: US after sanctions

Russia now global economic pariah: US after sanctions

Rediff.com9 Mar 2022

'The Ruble is now down 50 per cent and worth less than one American penny since Putin announced his war'

India to act against Walmart if found violating laws

India to act against Walmart if found violating laws

Rediff.com18 Dec 2013

The government will initiate fresh action against Walmart if an ongoing 'foreign corrupt practices' probe by US authorities reveals any violation in India by the global retail giant.

'Sharp drop in gold import can help contain CAD'

'Sharp drop in gold import can help contain CAD'

Rediff.com1 Oct 2013

Gold imports had totalled 335.1 tonne in the April-June quarter, but have declined to 58.37 in the second quarter (up to September 25).

Why I stopped being my bank's 'priority' customer

Why I stopped being my bank's 'priority' customer

Rediff.com6 Jun 2019

'I know margins are under pressure, but have banks begin to stoop so low to enhance their floats or slip in strange charges?' asks Keya Sarkar.

NSEL scam: ED initiates probe, suspects money laundering

NSEL scam: ED initiates probe, suspects money laundering

Rediff.com14 Oct 2013

In a fresh development in NSEL's Rs 5,600 crore scam, the Enforcement Directorate (ED) on Monday registered a preliminary inquiry into the payment crisis, suspecting large-scale money laundering in the beleaguered spot exchange, a senior official said.

China, world's third largest investor after US and Japan

China, world's third largest investor after US and Japan

Rediff.com10 Sep 2013

China has emerged as the world's third largest investor as Foreign Direct Investment (FDI) from the Communist giant jumped by 17.6 per cent last year defying a global pattern.

Planning to Invest in Bonds?

Planning to Invest in Bonds?

Rediff.com25 Feb 2022

If you are buying a bond to cater to your regular income needs, check the interest distribution schedule.

PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10

PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10

Rediff.com14 Feb 2018

While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.

Imran Khan meets Putin amid Ukraine attack; talks developments in S Asia

Imran Khan meets Putin amid Ukraine attack; talks developments in S Asia

Rediff.com24 Feb 2022

The leaders of the two countries "discussed the main aspects of bilateral cooperation and exchanged views on current regional topics, including developments in South Asia," said a brief statement issued by the Russian President's office - Kremlin.

Blackmoney SIT reviews IPL, Lalit Modi cases; seeks more updates

Blackmoney SIT reviews IPL, Lalit Modi cases; seeks more updates

Rediff.com23 Jun 2015

The SIT on black money on Tuesday sought update from multiple probe agencies on the role of Lalit Modi in alleged financial irregularities in the T-20 cricket tournament.

I-T dept starts analysing deposits post note ban

I-T dept starts analysing deposits post note ban

Rediff.com28 Dec 2016

The Income Tax department has begun the process to examine bank deposits and transactions to check possible black money instances and said once the last opportunity to declare funds in old notes under the PMGKY scheme ends it will be very tough for hoarders.

Indians' money in Swiss banks hits record low

Indians' money in Swiss banks hits record low

Rediff.com29 Jun 2017

The total money of Indians fell by 45 per cent during 2016 to CHF 675.75 million, marking the biggest ever yearly decline in such funds.

Budget: FM may announce policy to combat black money

Budget: FM may announce policy to combat black money

Rediff.com23 Feb 2015

PAN could be used by the probe agencies.

Forex scam traced to HDFC Bank accounts

Forex scam traced to HDFC Bank accounts

Rediff.com15 Oct 2015

The amounts were transferred from HDFC Bank to BoB.

Rao-Manmohan reforms are outdated

Rao-Manmohan reforms are outdated

Rediff.com12 Dec 2019

'Those who are talking of adopting the Narasimha Rao-Manmohan Singh policy must understand now that what was a reform then is no longer a reform now,' argues Sukumar Mukhopadhyay who was associated with the 1991 economic reforms.

'MFs are a very good story. We want to nurture it'

'MFs are a very good story. We want to nurture it'

Rediff.com13 Dec 2021

'They have helped stabilise our market by acting as a counterbalance to foreign funds.'

Indians flocking to bitcoin after Elon Musk's backing

Indians flocking to bitcoin after Elon Musk's backing

Rediff.com17 Feb 2021

Bitcoin has been on fire ever since Musk announced that Tesla had bought $1.5 billion of the cryptocurrency, and that his electric-vehicle company would accept bitcoin from buyers.

Is ED Bad Only When It Targets Gandhis?

Is ED Bad Only When It Targets Gandhis?

Rediff.com28 Jul 2022

If the fear of ED could drive the powerful people of today to be honest or at least be minimally corrupt, will it not be a great thing for our nation?, asks Sudhir Bisht.

Pak backs US action against Iran to secure military support

Pak backs US action against Iran to secure military support

Rediff.com5 Jan 2020

In return for Pak's gesture, the US has authorised the reinstatement of a military training and educational programme which had remained suspended for 2 yrs. Pak blamed Iran's Maj Gen Soleimani for Baloch militant attacks against its forces.

Cognizant to pay $28m in US to settle India bribery case

Cognizant to pay $28m in US to settle India bribery case

Rediff.com16 Feb 2019

The company, which had made voluntary disclosures about the bribery incident to the US authorities, also said with this resolution, there was no pending investigations against Cognizant.

15 more firms selected under PLI scheme for white goods

15 more firms selected under PLI scheme for white goods

Rediff.com28 Jun 2022

As many as 15 companies, including Adani Copper Tubes, LG Electronics and Wipro Enterprises, with committed investment of Rs 1,368 crore, have been selected as beneficiaries under the PLI scheme for the white goods sector, the government said on Tuesday. In March, the commerce and industry ministry had reopened the application window for its Rs 6,238-crore PLI scheme for white goods -- air-conditioners (ACs) and LED lights-- with an aim to accommodate more players as several firms had expressed interest in the initiative. Last year, as many as 46 firms, including Daikin, Panasonic, Syska and Havells, with committed investment of Rs 5,264 crore were selected in the first round the scheme.

'FDI drains India's resources'

'FDI drains India's resources'

Rediff.com10 Aug 2016

'We are allowing FDI on the terms of the investors, multinationals.' 'We bow down to whatever they say.' 'When they say you open this sector, we open that sector.'

Govt revises FDI norms to shield firms from takeover

Govt revises FDI norms to shield firms from takeover

Rediff.com18 Apr 2020

The government on Saturday made its prior approval mandatory for foreign investments from countries that share land border with India to curb 'opportunistic takeovers' of domestic firms following the COVID-19 pandemic, a move which will restrict Foreign Direct Investment from China.

How these elephants were saved

How these elephants were saved

Rediff.com30 Dec 2021

The Top Videos of the Week!

Finance ministry starts Budget preparations

Finance ministry starts Budget preparations

Rediff.com1 Oct 2013

The Finance Ministry has started preparations for Budget 2014-15 by asking different central ministries and departments to come out with their estimates of receipts as well as expenditure for the next financial year.

Mamata cancels China visit as 'political meetings at appropriate level' not confirmed

Mamata cancels China visit as 'political meetings at appropriate level' not confirmed

Rediff.com22 Jun 2018

Till Thursday, everything was "going well", the chief minister said, adding that unfortunately, "the political meetings at the appropriate level" could not be confirmed.

Spot the difference between Indian taxmen and their global peers

Spot the difference between Indian taxmen and their global peers

Rediff.com20 Apr 2015

India's new tax policy which makes it mandatory to disclose foreign is not so common in developed countries.

5 charged with holding Rs 5,000 cr abroad

5 charged with holding Rs 5,000 cr abroad

Rediff.com11 Sep 2017

This is the first big move in the investigation of the British Virgin Islands list where the I-T department has found a significant amount of tax evasion.

Why US didn't prosecute Walmart for flouting norms in India

Why US didn't prosecute Walmart for flouting norms in India

Rediff.com13 Dec 2012

US officials did not prosecute companies accused of bribing officials in foreign countries when companies disclosed the conduct to authorities, fired responsible employees and took steps to improve compliance with the law.

'India must have a contingency plan if US defaults on debt'

'India must have a contingency plan if US defaults on debt'

Rediff.com3 Oct 2013

India must have a "contingency plan" in place to ring-fence the country's economy if the political showdown in the US leads to a default on its international monetary obligations, industry body Assocham said.

Trump pardons ex-NSA Flynn, who pleaded guilty in Russia probe

Trump pardons ex-NSA Flynn, who pleaded guilty in Russia probe

Rediff.com26 Nov 2020

House Speaker Nancy Pelosi in a statement said Trump's pardoning of Michael Flynn, who twice pleaded guilty to lying to the FBI about his dealings with a foreign adversary, is an act of grave corruption and brazen abuse of power.

Black money: SIT brings new intel agency on board

Black money: SIT brings new intel agency on board

Rediff.com15 Feb 2015

The SIT was created by Supreme Court and notified by the government last year to curb black money.