News for 'formal credit'

How Parrikar Broke the Rafale Logjam

How Parrikar Broke the Rafale Logjam

Rediff.com23 Jul 2021

'It was Parrikar's sharp insights into finance and international systems that stood out when India --at his suggestion -- decided to procure the Rafale combat jets from France.'

Chidambaram mocks Modi govt's sudden love for Moody's

Chidambaram mocks Modi govt's sudden love for Moody's

Rediff.com18 Nov 2017

The senior Congress leader also said over 90 per cent of jobs are in the SME sector which requires an urgent push to boost the economy.

Looking at Sushant's roller coaster life

Looking at Sushant's roller coaster life

Rediff.com15 Jun 2020

Sushant finished off his innings in style by scoring high on his last theatrical release, Chichhore, a film that was ironically about suicide not being a solution.

Patanjali acquires bankrupt Ruchi Soya for Rs 4,350 crore

Patanjali acquires bankrupt Ruchi Soya for Rs 4,350 crore

Rediff.com18 Dec 2019

Yoga guru Baba Ramdev's Patanjali Ayurved on Wednesday made its first big acquisition when it paid Rs 4,350 crore to take over soya food brand Nutrela-maker Ruchi Soya through an insolvency process. The acquisition will help Patanjali acquire edible oil plants as also soyabean oil brands such as Mahakosh and Ruchi Gold.

Gujarat edge closer to victory

Gujarat edge closer to victory

Rediff.com8 Jan 2008

After three dull days that ensured nothing but ennui, the Ranji Trophy Plate Division final between Railways and Gujarat at the Brabourne Stadium suddenly came into life on Tuesday.

DHFL resolution plan: Stakeholders seek legal protection

DHFL resolution plan: Stakeholders seek legal protection

Rediff.com14 Aug 2019

The stakeholders want protection from any litigation which might arise due to fresh claims against the company, especially after PE funds have bought stake in the company and the resolution plan has been cleared by the bankers.

Full Text: President's address to nation on the eve of Republic Day

Full Text: President's address to nation on the eve of Republic Day

Rediff.com25 Jan 2022

Here's the full text of address to the nation by President Ram Nath Kovind on the eve of the Republic Day 2022.

No penalty for delay in payment of PF dues

No penalty for delay in payment of PF dues

Rediff.com15 May 2020

Since the imposition of lockdown on March 25 by the government to contain the COVID-19 spread, businesses have been facing liquidity or cash crunch, leading to difficulties in paying their mandatory provident fund dues.

GSTN: 'There's no system free of glitches'

GSTN: 'There's no system free of glitches'

Rediff.com1 Jul 2017

'One way to deal with these is to address these quickly and have rapid reaction teams in New Delhi, the state capitals and wherever possible.'

RBI to rope in rating agencies for NPA solution

RBI to rope in rating agencies for NPA solution

Rediff.com24 May 2017

The broad contours of their assignment are expected to be making independent assessment of recovery prospects, and estimating haircuts for restructuring cases.

EPL PIX: Spurs sink City to open up title race; Liverpool, Chelsea win

EPL PIX: Spurs sink City to open up title race; Liverpool, Chelsea win

Rediff.com20 Feb 2022

Images from EPL matches played on Saturday.

Tata front runner for GE Capital's stake in SBI Cards

Tata front runner for GE Capital's stake in SBI Cards

Rediff.com16 Sep 2015

State Bank of India partnered GE Capital in 1998 for its credit card business.

More takers for Modi's Jan Dhan in Uttar Pradesh & West Bengal

More takers for Modi's Jan Dhan in Uttar Pradesh & West Bengal

Rediff.com27 May 2016

The two states account for 24% of total accounts opened under financial inclusion scheme.

'Ceasefire will be a success only if Pak army can control jihadis'

'Ceasefire will be a success only if Pak army can control jihadis'

Rediff.com8 Mar 2021

'When the Indian Army carries out anti-infiltration ops, the Pakistan army willy-nilly will get involved in some way. So, it is imperative for the Pakistan army to act against militant groups.'

Compliance worries hit shares in India's top two drugmakers

Compliance worries hit shares in India's top two drugmakers

Rediff.com9 Nov 2015

Credit Suisse analysts cut their rating on Sun Pharma stock to 'neutral' from 'outperform

A da Vinci Code sequel?

A da Vinci Code sequel?

Rediff.com22 May 2006

How India can get back on high growth path

How India can get back on high growth path

Rediff.com25 Oct 2019

'The revival of household savings and investment is the litmus test of whether we are on the road to recovery,' says Nitin Desai.

Panagariya blames bank officials for note ban going awry

Panagariya blames bank officials for note ban going awry

Rediff.com8 Feb 2017

"Demonetisation sends a very, very strong signal that the days when the central government was complacent are over. If you misbehave, it will be seen that you pay for it," Panagariya said.

Ranji Trophy: UP stun Maharashtra; Bengal, Karnataka in quarters

Ranji Trophy: UP stun Maharashtra; Bengal, Karnataka in quarters

Rediff.com6 Mar 2022

A round-up of results from the Ranji Trophy matches played on Sunday.

Jet may get Rs 1000 cr lifeline on Monday

Jet may get Rs 1000 cr lifeline on Monday

Rediff.com14 Apr 2019

The money is expected to be disbursed by the lenders consortium led by SBI after the Jet management submits an operational plan on how it intends to use the money till May 7.

Nabard plans Rs 15,000 cr fund farmers

Nabard plans Rs 15,000 cr fund farmers

Rediff.com12 Nov 2005

The National Bank for Agricultural and Rural Development is in the process of announcing a scheme for small and marginal farmers with an estimated fund of Rs 15,000 crore (Rs 150 billion).

RBI says banks cannot decline pre-2005 notes

RBI says banks cannot decline pre-2005 notes

Rediff.com19 Dec 2016

Pre-2005 banknotes are being withdrawn from circulation since January 2014 by RBI and a large percentage of these notes have already been withdrawn

Gulshan Kumar's daughter debuts

Gulshan Kumar's daughter debuts

Rediff.com10 Mar 2006

Successful demonetisation will help up revenues in long run: World Bank

Successful demonetisation will help up revenues in long run: World Bank

Rediff.com4 Jun 2017

Successful demonetisation will help in raising revenues on sustained basis as more and more people will come under the tax net, says a World Bank report.

Why are people going for university tours?

Why are people going for university tours?

Rediff.com30 Jul 2016

Overseas education consultant NNS Chandra shares advice on how to pick the right international education.

Competition, profitability key concerns for payment banks

Competition, profitability key concerns for payment banks

Rediff.com2 Feb 2015

Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.

Indian origin ex-MP challenges pornography allegations

Indian origin ex-MP challenges pornography allegations

Rediff.com18 Feb 2014

Indian-origin former German lawmaker has challenged the child pornography allegations levelled against him by state prosecutors, accusing them of lying about the probe against him.

Mallya loses plea against extradition, has 14 days to appeal

Mallya loses plea against extradition, has 14 days to appeal

Rediff.com20 Apr 2020

Embattled liquor tycoon Vijay Mallya on Monday lost his high court appeal against his extradition order to India in relation to charges of fraud and money laundering amounting to an alleged Rs 9,000 crores.

S&P stake in Crisil at 58.5%

S&P stake in Crisil at 58.5%

Rediff.com9 May 2005

International rating agency Standard & Poor's has become the majority shareholder of Indian credit rating agency Crisil Ltd with 58.5 per cent stake, after it acquired 49.07 per cent shares during its recent open offer.

PM's Jan Dhan Yojana: 1 crore bank accounts likely on day 1

PM's Jan Dhan Yojana: 1 crore bank accounts likely on day 1

Rediff.com27 Aug 2014

The government plans a mega launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) by Prime Minister Narendra Modi on August 28, which is likely to see opening of one crore bank accounts on the first day itself.

Public banks demands remain largely unmet in Budget

Public banks demands remain largely unmet in Budget

Rediff.com1 Mar 2015

Pulbic banks have no reason to cheer Budget announcement.

'The markets will be crushed'

'The markets will be crushed'

Rediff.com9 Nov 2016

'For the next three months or so, the market will go down.' 'Traders do not have Rs 100 notes.'

IMF retains India growth forecast at 7.5% for 2016, 2017

IMF retains India growth forecast at 7.5% for 2016, 2017

Rediff.com3 May 2016

'India has benefited from lower oil prices and remains the fastest-growing large economy in the world.'

How Modi's SVAMITVA scheme aims to help rural property holders

How Modi's SVAMITVA scheme aims to help rural property holders

Rediff.com21 Oct 2020

SVAMITVA is a new government project that primarily aims to demarcate abadi areas that includes inhabitant land, inhabited areas contiguous to abadi and wadis/basties in rural areas, using drone surveying technology.

Final norms for payment banks next month: RBI

Final norms for payment banks next month: RBI

Rediff.com12 Oct 2014

To deepen the financial inclusion process, and help get more people under the formal financial system, the RBI has mooted the idea of small banks and payments banks.

PIX: Umesh flays Windies as India complete 2-0 sweep

PIX: Umesh flays Windies as India complete 2-0 sweep

Rediff.com14 Oct 2018

India thumped West Indies by 10 wickets inside three days to complete a 2-0 series sweep on Sunday after Umesh Yadav's stellar bowling effort set up their comprehensive victory in the and second and final Test.

How Indian govt plans to use Jan Dhan accounts

How Indian govt plans to use Jan Dhan accounts

Rediff.com4 Sep 2015

The announcement comes on the first anniversary of the project.

GST: Why small businesses may under-report income initially

GST: Why small businesses may under-report income initially

Rediff.com20 Apr 2017

Some may lose competitiveness due to higher compliance costs

Why the government must let fuel prices rise now

Why the government must let fuel prices rise now

Rediff.com13 Feb 2015

If crude prices have increased, retail petro product prices should go up.