News for 'formal credit'

How PM Mudra Loans Are Reshaping India's Economy

How PM Mudra Loans Are Reshaping India's Economy

Rediff.com16 Apr 2025

By democratising access to finance, empowering women and marginalised groups, and adapting to India's diverse regional landscapes, PMMY has helped fortify the country's grassroots growth engines, says Chief Economic Advisor to the Government of India, V Anantha Nageswaran.

CCI orders probe into Asian Paints over alleged abuse of dominance

CCI orders probe into Asian Paints over alleged abuse of dominance

Rediff.com2 Jul 2025

India's fair trade regulator Competition Commission of India (CCI) has launched a formal investigation against India's biggest paints firm, Asian Paints, for alleged abuse of its dominant position in the organised decorative paints market, following a complaint by Aditya Birla group's Grasim Industries' Birla Opus Paints division.

The first woman cricketer to be banned for fixing!

The first woman cricketer to be banned for fixing!

Rediff.com12 Feb 2025

Bangladesh women's player Shohely Akhter has been banned from all cricket for five years after the spinner was found guilty of breaching the International Cricket Council's (ICC) anti-corruption code

The Master Of The Slide Guitar

The Master Of The Slide Guitar

Rediff.com14 Aug 2025

One of Debashish Bhattacharya's most remarkable contributions is that he has taken the scope and foundation of the slide guitar, improvised it again and again, thereby designing and creating four entirely new guitars.

'He Prays A Lot, That Is Cheteshwar's Secret'

'He Prays A Lot, That Is Cheteshwar's Secret'

Rediff.com26 Aug 2025

'That is how he developed his concentration and focus.'

What C P Radhakrishnan's Choice Means For Modi, BJP

What C P Radhakrishnan's Choice Means For Modi, BJP

Rediff.com18 Aug 2025

By naming a sworn swayamsevak for vice president, the Modi-Shah duo have sent out a clear and positive message to Nagpur, where the RSS headquarters is located, explains N Sathiya Moorthy.

Multiple Bank FDs: More Harm Than Good

Multiple Bank FDs: More Harm Than Good

Rediff.com30 Jun 2025

So, the next time someone tempts you with a slightly higher FD rate from a lesser-known bank, point them to hybrid funds that can deliver extra returns without the administrative and emotional rollercoaster.

Mehul Choksi detained in Belgium on India's extradition request

Mehul Choksi detained in Belgium on India's extradition request

Rediff.com14 Apr 2025

Absconding diamond jeweller Mehul Choksi has been detained in Belgium following an extradition request by Indian probe agencies for his alleged involvement in the Rs 13,000 crore PNB bank loan 'fraud' case, official sources said Monday. The action against the diamantaire was taken on Saturday.

'Kareena Is The Opposite Of Jab We Met's Geet'

'Kareena Is The Opposite Of Jab We Met's Geet'

Rediff.com16 Jul 2025

'A director's actor, if I had told her to jump from a building, she would probably have.' 'But I only told her to jump off a running train...'

Google Cloud's ambitious India plans

Google Cloud's ambitious India plans

Rediff.com6 Oct 2024

India is among the fastest-growing markets for Google in the cloud services segment, a senior executive has said, adding that the tech giant is looking to partner companies in their business transformation through its offerings. Google Cloud India is seeing an "increased adoption" of its offerings across segments from the public sector to small and medium businesses and from startups and digital-native companies, Google Cloud India vice president and country managing director Bikram Singh Bedi told PTI.

Sunrisers, Knight Riders playing for pride, not points

Sunrisers, Knight Riders playing for pride, not points

Rediff.com24 May 2025

Kolkata Knight Riders will have little motivation left when they take on also ousted Sunrisers Hyderabad in an inconsequential IPL game in New Delhi on Sunday.

Won't get Nobel Prize for 'stopping' Indo-Pak war or..., rues Trump

Won't get Nobel Prize for 'stopping' Indo-Pak war or..., rues Trump

Rediff.com21 Jun 2025

He then went on to say that, however, he won't get a Nobel Peace Prize for any of his efforts.

Working closely with Belgium for Mehul Choksi's extradition, says MEA

Working closely with Belgium for Mehul Choksi's extradition, says MEA

Rediff.com18 Apr 2025

India is working closely with Belgium to extradite fugitive diamantaire Mehul Choksi, who was arrested in Antwerp on Saturday based on a formal request from the Indian government. Choksi is wanted by Indian probe agencies in connection with a Rs 13,500-crore bank loan fraud case involving the Punjab National Bank (PNB). His nephew, Nirav Modi, is also facing extradition proceedings in the UK.

Startups face I-T department heat over funding through Singapore

Startups face I-T department heat over funding through Singapore

Rediff.com24 Apr 2025

The income-tax (I-T) department has issued showcause notices under Section 68 of the Income-Tax Act to several startups over funds routed through Singapore, seeking explanations for investments received over the past five years, people familiar with the development said. The department is questioning the source, identity, and creditworthiness of overseas investors in these transactions, they said.

The Kashmiri Militant Who Killed 300 Terrorists

The Kashmiri Militant Who Killed 300 Terrorists

Rediff.com8 Jul 2025

'A man with a gun commanded respect. I thought if I also got a gun, I could save my family. With this thought, I went to Pakistan and got training there'

'Ekta Decided To Cast Smriti As Tulsi'

'Ekta Decided To Cast Smriti As Tulsi'

Rediff.com1 Jul 2025

'Star didn't think Kyunki Saas Bhi Kabhi Bahu Thi was good enough to come immediately after KBC.' 'Except for Ekta, no one imagined it would become such a hit.'

Amid row, govt to allocate space for Manmohan Singh memorial in Delhi

Amid row, govt to allocate space for Manmohan Singh memorial in Delhi

Rediff.com28 Dec 2024

The Indian government has announced it will allocate space for a memorial to former Prime Minister Manmohan Singh, following a request from Congress president Mallikarjun Kharge. The announcement comes after the Congress party criticized the government for not finding a location for Singh's cremation and memorial, calling it a deliberate insult. Singh, who served as Prime Minister from 2004 to 2014, passed away on Thursday at the age of 92.

VOTE For Ananya's Best Performance

VOTE For Ananya's Best Performance

Rediff.com22 Apr 2025

So far, her appeal's limited to OTT but with Kesari 2, the 26 year old charms the big screen as well.

India's $100 Bn Gambling Black Hole

India's $100 Bn Gambling Black Hole

Rediff.com11 Jun 2025

'The larger and more opaque this shadow economy becomes, especially online, the greater the risk to India's national security.'

When India Threatened Lahore To Stop Pakistan's Moves In J&K

When India Threatened Lahore To Stop Pakistan's Moves In J&K

Rediff.com28 May 2025

In what was perhaps the most critical meeting before full-scale war broke out, Shastri defined India's immediate war objectives to his defence minister, army, and air force chiefs: 'To defend against Pakistan's attempts to grab Kashmir by force and to make it abundantly clear that Pakistan would never be allowed to wrest Kashmir from India; To destroy the offensive power of Pakistan's armed forces...' A fascinating excerpt from Shiv Kunal Verma's must-read 1965: A Western Sunrise India's War With Pakistan.

Why Do We Believe Israel, And Not Iran?

Why Do We Believe Israel, And Not Iran?

Rediff.com20 Jun 2025

At the end of the day, for many worldwide, the ongoing mutual attacks between Israel and Iran would seem a contest devoid of any moral high ground and only a bout between two ordinary adversaries, one that nevertheless risks spinning out of control into a larger conflagration, notes Shyam G Menon.

'I Was Only Left In My Underwear'

'I Was Only Left In My Underwear'

Rediff.com19 Jun 2025

'As they assaulted me, they kept shouting, "So, you rascal, you speak against officers? Against ministers?" -- and each accusation was accompanied by more blows. 'Seeing that I could not get up, they began stamping on me with their feet and continued until they were exhausted.' Pinarayi Vijayan -- now Kerala's chief minister -- was imprisoned during the Emergency. This is his account of what the police torture he suffered in jail. A revealing excerpt from Goa Governor P S Sreedharan Pillai's Democracy Enchained, Nation Disgraced: Dark Days Of India's Emergency. The first of a series to mark 50 years of the Emergency.

Is BJP The 'Party-Splitter' In TN Too?

Is BJP The 'Party-Splitter' In TN Too?

Rediff.com21 Jun 2025

Successive elections since 2019 have proved that the Modi charisma and Shah's strategy does not work in Tamil Nadu. Now, they have to see next year if the DMK is capable of losing, whether to an existing NDA alliance or an expanded version, if one becomes necessary and possible!, explains N Sathiya Moorthy.

Private Hospitals to Add 34,000 Beds by FY29

Private Hospitals to Add 34,000 Beds by FY29

Rediff.com17 Apr 2025

Leading chains plan Rs 40K crore infra revival to close capacity gap over next 3-5 years

PIX: Injury halts Dimitrov's charge on struggling Sinner

PIX: Injury halts Dimitrov's charge on struggling Sinner

Rediff.com8 Jul 2025

Novak Djokovic reached the Wimbledon quarter-finals for the 16th time but it proved a hard day's work at his Centre Court office.

How Much Do Weddings Cost These Days?

How Much Do Weddings Cost These Days?

Rediff.com14 Dec 2024

Wedding planner WedMeGood estimates that the average wedding budget has surged to Rs 36.5 lakh this year, with destination weddings averaging Rs 51 lakh.

ATMs to loans: All eyes on the road for finance world

ATMs to loans: All eyes on the road for finance world

Rediff.com6 Jan 2025

In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.

Bhutan: The Last Shangri-La

Bhutan: The Last Shangri-La

Rediff.com12 Jun 2025

The visitor returns not just with the jewel-like beauty of the country imprinted on the mind, the body rejuvenated by hot stone massages, but also with the captivating stories and myths that are built into every important structure -- whether a tourist magnet or an off-the-beaten track spot.

Is Alisha Chopra 'That Girl'?

Is Alisha Chopra 'That Girl'?

Rediff.com5 Nov 2024

'That girl' refers to a woman who exemplifies an aspirational lifestyle marked by routines like early workouts, healthy eating and organised spaces.

'Maritime Development Fund to generate Rs 1.5 trillion investment by 2030'

'Maritime Development Fund to generate Rs 1.5 trillion investment by 2030'

Rediff.com17 Feb 2025

'Additionally, the significant employment multiplier will boost direct and indirect jobs of up to 1.1 million.'

Jailed Gujarat scribe booked in fifth case for extorting realty agent

Jailed Gujarat scribe booked in fifth case for extorting realty agent

Rediff.com24 Jan 2025

Jailed journalist Mahesh Langa, already facing multiple charges, has been booked in a fresh case for allegedly extorting Rs 40 lakh from a real estate agent by threatening to malign his image and implicate him in a false case. This is the fifth FIR registered against him since his arrest in October 2023 for an alleged Goods and Services Tax (GST) scam. The latest case was registered based on a complaint by Janak Thakor, a real estate agent, who alleged that Langa threatened to write negative articles about him and trap him in a false case unless he paid the money. Langa has been in jail since his arrest in October and is facing charges in four previous cases registered by Ahmedabad, Gandhinagar, and Rajkot police.

Kesari Chapter 2 Review: Ahistorical, But Entertaining

Kesari Chapter 2 Review: Ahistorical, But Entertaining

Rediff.com19 Apr 2025

If you disregard history and are ready to watch Kesari 2 purely as an entertainer, you are definitely going to enjoy it, feels Utkarsh Mishra.

You Can Be Deported From The US If..

You Can Be Deported From The US If..

Rediff.com3 Apr 2025

Universities and immigration authorities take student conduct seriously. Behaviour that is deemed unacceptable or dangerous can lead to legal consequences, including deportation, warns Dr Pananjay Tiwari, founder and director, Impel Overseas Education.

HDFC Bank inks pact with Paytm to ramp up credit card issuance

HDFC Bank inks pact with Paytm to ramp up credit card issuance

Rediff.com20 Sep 2021

Looking to regain lost ground in the credit cards segment, HDFC Bank on Monday announced a tie-up with leading payments company Paytm to start selling co-branded plastics before the onset of the festive season. The credit cards will be powered by Visa and will include offerings targeted at millennials, business owners and merchants, an official statement said. Paytm has a reach of over 330 million consumers and 21 million merchants, while HDFC Bank has over 5 million debit, credit and prepaid cards, and serves 2 million merchants through its offerings.

Rafales to be formally inducted into IAF on Thursday

Rafales to be formally inducted into IAF on Thursday

Rediff.com8 Sep 2020

The first batch of five Rafale jets arrived in India on July 29, nearly four years after India signed an inter-governmental agreement with France to procure 36 of the aircraft at a cost of Rs 59,000 crore.

Why Do They Use Dunki Route To Leave India?

Why Do They Use Dunki Route To Leave India?

Rediff.com19 Feb 2025

How have aspirations, ambitions and hopes broken down for these young men from the most advanced parts of India? asks Mihir S Sharma.

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

Rediff.com10 May 2025

Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.

'Afzal Guru Sang A Song Before He Was Hanged'

'Afzal Guru Sang A Song Before He Was Hanged'

Rediff.com19 Feb 2025

'...an hour before he was hanged from the film Badal, 'Apne liye jiye toh kya jiye'... 'I saw eight hangings -- Ranga and Billa, Maqbool Bhat, Kartar Singh and Ujagar Singh (Dr N S Jain murder case), Satwant Singh and Kehar Singh (Indira Gandhi assassination case) and Afzal Guru.'

Gold loan business is shining as regulatory scrutiny of sector grows

Gold loan business is shining as regulatory scrutiny of sector grows

Rediff.com27 May 2024

In mid-March this year, the finance ministry asked state-run banks to review their gold loan portfolio for the two-year period between January 1, 2022, and January 31, 2024. This business had grown at a fast clip. Reserve Bank of India (RBI) data has it that it grew 15 per cent to Rs 1 trillion in FY24. Now, in recent times, any kind of exuberance in financial services has seen the authorities swoop down - be it pushing the lines on governance or unsecured credit.

What You Must Know About Cashless Claim

What You Must Know About Cashless Claim

Rediff.com8 Jul 2024

If the cashless request is denied, the entire cost may need to be paid for planned treatments.