News for 'formal credit'

US senators name India in sweeping Russia sanctions bill

US senators name India in sweeping Russia sanctions bill

Rediff.com15 Jul 2026

A bipartisan group of US senators has introduced a comprehensive bill imposing extensive sanctions on Russia, with India identified as one of five countries that could incur tariffs for its continued purchase of Russian oil.

If India Becomes A Doormat, The US Will Tread On It

If India Becomes A Doormat, The US Will Tread On It

Rediff.com23 Jul 2026

The harsh truth is that the US is no longer a reliable partner, cautions Ramesh Menon.

Court allows CBI to arrest Reliance Group executive in bank loan case

Court allows CBI to arrest Reliance Group executive in bank loan case

Rediff.com2 Jun 2026

A Mumbai court has granted the CBI permission to arrest Amitabh Jhunjhunwala, a former senior executive at Reliance Group, in connection with a case involving the alleged misuse of bank loans. Jhunjhunwala was already in judicial custody in Delhi for a related money laundering case.

Now, Get Your Salary Before 7th A Comprehensive Guide to Employee Rights

Now, Get Your Salary Before 7th A Comprehensive Guide to Employee Rights

Rediff.com23 Jul 2026

India's Code on Wages mandates strict payout deadlines, two-day full and final settlements, universal wage coverage and capped deductions to safeguard employees and enhance payroll transparency nationwide.

Pandian's wife, ex-IAS officer Sujata joins Biju Janata Dal

Pandian's wife, ex-IAS officer Sujata joins Biju Janata Dal

Rediff.com25 Jun 2026

Sujata Rout Karthikeyan, wife of former Odisha chief minister Naveen Patnaik's close aide VK Pandian, has formally joined the BJD. Naveen Patnaik welcomed her, emphasising her experience as an IAS officer and her work with women. Patnaik also clarified that he would continue to lead the BJD in the next elections, despite speculation about Sujata taking over. Sujata expressed her dedication to serving the people of Odisha under Patnaik's leadership. Her entry into politics follows her husband's withdrawal after the BJD's recent electoral defeat.

Mamata dares 'treacherous' rebels to join BJP as another close aide quits

Mamata dares 'treacherous' rebels to join BJP as another close aide quits

Rediff.com4 Jul 2026

Mamata Banerjee, Trinamool Congress supremo, has launched a strong counterattack against rebel party members, accusing them of conspiring with the BJP to split the party. She dared them to formally join the BJP and defended her leadership amidst the worst organisational crisis for TMC, while also announcing leadership changes and criticising the rebels' past actions and attempts to seize party assets.

PhonePe Surpasses 50 Million Registered Merchants Milestone

PhonePe Surpasses 50 Million Registered Merchants Milestone

Rediff.com28 Apr 2026

Fintech giant PhonePe has announced it has surpassed 50 million registered merchants on its platform, marking a significant milestone as it expands its financial service offerings beyond QR code payments.

Ram Temple Donation Theft: 'The Individuals Involved Were Too Well-Placed For Anyone To Speak Up'

Ram Temple Donation Theft: 'The Individuals Involved Were Too Well-Placed For Anyone To Speak Up'

Rediff.com7 Jul 2026

'What struck me at the time was simply the scale of it -- that something of this magnitude could be unfolding inside the Ram temple itself.' 'It was bewildering. And what troubled me further was the manner in which people were shielding it.'

Neena Kulkarni: 'Vijaya Bai Taught Us The Magic Moments Of Acting'

Neena Kulkarni: 'Vijaya Bai Taught Us The Magic Moments Of Acting'

Rediff.com9 Jul 2026

'She taught us that acting wasn't something people did because they couldn't do anything else. It was a skill. A skill that needed to be constantly polished and shaped, and the respect you command with that.'

Inside GSB Cuisine Queen Komal Prabhu's Kitchen

Inside GSB Cuisine Queen Komal Prabhu's Kitchen

Rediff.com29 Jun 2026

Discover the inspiring journey of Komal Prabhu, called the Queen of GSB Cuisine, that saw her switch professions -- a Bharata Natyam dancer became a celebrated chef devoted to preserving traditional Gaud Saraswat Brahmin food traditions.

ED Gets Nod To Arrest Godman In Money Laundering Case

ED Gets Nod To Arrest Godman In Money Laundering Case

Rediff.com19 May 2026

A special court has granted the Enforcement Directorate (ED) permission to arrest self-styled godman Ashok Kharat in connection with a Rs 70 crore money laundering case. Kharat, already facing rape and fraud charges, was produced before the Special PMLA Court on a production warrant from Nashik jail.

Jim Sarbh: 'I'm Not Much Of A Watch Guy'

Jim Sarbh: 'I'm Not Much Of A Watch Guy'

Rediff.com17 Jun 2026

'I do have a couple watches that I like very much, one my dad gave me. But I only wear it with a more formal kind of a look... Otherwise, in my day-to-day life, I don't wear a watch.'

Self-Styled Godman Arrested In Money Laundering Case

Self-Styled Godman Arrested In Money Laundering Case

Rediff.com19 May 2026

Self-styled godman Ashok Kharat, already jailed for alleged rape and fraud, has been arrested by the Enforcement Directorate in connection with a Rs 70-crore money laundering case. The arrest follows court approval and is part of an ongoing investigation into a large-scale extortion racket.

Father's Day: Fathers Of 18 Famous Indians

Father's Day: Fathers Of 18 Famous Indians

Rediff.com21 Jun 2026

Who are the special fathers of these famous Indians? The paternal figures responsible for putting them on the right path and helping them find greatness.

GST 2.0 guidelines fail to resolve refund delays for large taxpayers

GST 2.0 guidelines fail to resolve refund delays for large taxpayers

Rediff.com3 Jun 2026

Despite the Centre's GST 2.0 guidelines aiming to facilitate provisional refunds within seven days for low-risk cases, many large taxpayers are still encountering significant delays in obtaining Goods and Services Tax (GST) refunds under the inverted duty structure (IDS), with experts citing inconsistent state-level scrutiny and subjective interpretations.

How Mahesh Bhatt Alerted Kangana Ranaut To 2008 Mumbai Attacks

How Mahesh Bhatt Alerted Kangana Ranaut To 2008 Mumbai Attacks

Rediff.com2 Jun 2026

Actor-politician Kangana Ranaut shared her experience during the 2008 Mumbai terror attacks, revealing that director Mahesh Bhatt was the first to alert her and her Bollywood peers while they were at a party.

'Shivakumar, Siddaramaiah Won't Sabotage One Another'

'Shivakumar, Siddaramaiah Won't Sabotage One Another'

Rediff.com1 Jun 2026

'Both men understand the stakes. They are not about to squander what they have.'

Exporters' body flags rising freight costs, seeks liquidity help from RBI

Exporters' body flags rising freight costs, seeks liquidity help from RBI

Rediff.com18 Apr 2026

The Federation of Indian Export Organisations (FIEO) has appealed to the Reserve Bank of India (RBI) for liquidity support to Indian exporters, citing a significant increase in freight costs and extended payment cycles due to the ongoing West Asia conflict.

'You'd be speaking French': King Charles roasts Trump at state dinner

'You'd be speaking French': King Charles roasts Trump at state dinner

Rediff.com29 Apr 2026

King Charles III reaffirmed the enduring strength of the US-UK alliance, underscored NATO's centrality to global security, and shared light-hearted moments with President Donald Trump during a White House state dinner.

Reliance Cap, Yes Bank Debt Prompt EPFO Investment Rethink

Reliance Cap, Yes Bank Debt Prompt EPFO Investment Rethink

Rediff.com22 Apr 2026

Rising stressed debt and past exposures like Reliance Capital, Yes Bank push EPFO to frame exit rules for its portfolio.

Affordable housing may lose more ground as costs rise

Affordable housing may lose more ground as costs rise

Rediff.com5 May 2026

The ongoing West Asia conflict is expected to severely impact the supply of affordable housing in India, as rising input costs further erode already thin developer margins. Fluctuations in crude oil and gas prices, coupled with higher freight costs, are driving up prices of essential construction materials like cement and steel, making new projects increasingly unviable for developers.

TReDS Platforms Poised for Growth as Government Mandates PSU Invoice Payments

TReDS Platforms Poised for Growth as Government Mandates PSU Invoice Payments

Rediff.com13 Apr 2026

A government mandate requiring central public sector enterprises to use the Trade Receivables Discounting System (TReDS) for settling small business invoices is expected to significantly increase volumes on these platforms.

ED Moves To Take Custody Of Godman In Money Laundering Probe

ED Moves To Take Custody Of Godman In Money Laundering Probe

Rediff.com2 May 2026

The Enforcement Directorate (ED) has approached a special PMLA court in Mumbai seeking a production warrant against Ashok Kharat, a self-styled godman and astrologer, in connection with a money laundering case linked to rape and fraud allegations.

ED Moves To Take Custody Of Godman Ashok Kharat

ED Moves To Take Custody Of Godman Ashok Kharat

Rediff.com1 May 2026

The Enforcement Directorate (ED) has requested a special PMLA court in Mumbai to issue a production warrant against Ashok Kharat, a self-styled godman-cum-astrologer, who is accused of rape and fraud and is currently in police custody in Nashik district, in connection with a money laundering case.

Why Congress-DMK split threatens INDIA bloc's existence

Why Congress-DMK split threatens INDIA bloc's existence

Rediff.com9 May 2026

The INDIA bloc faces a significant challenge as the Congress and DMK part ways, raising questions about the alliance's future and unity.

Weightlifter Pardeshi fails dope test, cites 'food tampering' conspiracy

Weightlifter Pardeshi fails dope test, cites 'food tampering' conspiracy

Rediff.com7 Apr 2026

Junior Commonwealth gold medallist Sairaj Pardeshi faces a provisional doping ban after testing positive, while alleging a conspiracy to sabotage his career.

'Vijay Not Only Had Star Power. He Had Timing'

'Vijay Not Only Had Star Power. He Had Timing'

Rediff.com13 May 2026

'Vijay entered politics at a much better age compared to Rajnikanth and Kamal Haasan. His fans are young and he has at least 2-3 decades ahead of him.'

'Forget Money. Even Credits Are Missing'

'Forget Money. Even Credits Are Missing'

Rediff.com14 Jun 2025

'Session musicians, background singers, and studio instrumentalists fill out the sound of India's biggest hits. But their names rarely show up on screen.' 'Their royalties never arrive. And their contribution, no matter how iconic, vanishes once the track is mastered.'

India must use current geopolitical churn to build manufacturing scale at home: Amitabh Kant

India must use current geopolitical churn to build manufacturing scale at home: Amitabh Kant

Rediff.com26 Feb 2026

India should resist knee-jerk responses to tariff volatility in the US and instead use the current geopolitical churn to build manufacturing scale at home, former G20 Sherpa and former chief executive officer of NITI Aayog Amitabh Kant said on Wednesday.

Iran signals 'turning point' in war as strikes hit Israel, US installations

Iran signals 'turning point' in war as strikes hit Israel, US installations

Rediff.com22 Mar 2026

The operation reportedly extended to American assets, with the IRGC claiming that "US military bases in the region, namely Ali al-Salem in Kuwait, as well as al-Minhad and al-Dhafra in the United Arab Emirates, were also targeted."

Maharashtra leads in FPO ease of doing business; MP loses crown

Maharashtra leads in FPO ease of doing business; MP loses crown

Rediff.com4 Sep 2025

Maharashtra has topped the list of states with the most favourable ecosystem for the growth of Farmer Producer Organisations (FPOs), replacing Madhya Pradesh, which has slipped to second place, according to the latest Ease of Doing Business for FPOs (EoDBF) ranking.

What NSA Ajit Doval Told 16 Prominent Indian Muslims

What NSA Ajit Doval Told 16 Prominent Indian Muslims

Rediff.com28 Apr 2026

'I cannot imagine that any NSA before Ajit Doval would have given us this kind of time and this kind of engagement. They would have offered slogans, or nothing at all. That, too, tells you something.'

From ACL Surgery To National Record: Baranica Elangovan's Inspirational Comeback!

From ACL Surgery To National Record: Baranica Elangovan's Inspirational Comeback!

Rediff.com24 Mar 2026

Tamil Nadu's Baranica Elangovan has shattered the national pole vault record, clearing 4.22m in Bhubaneswar, marking an extraordinary return to form after undergoing ACL surgery in 2020.

India now Maoist-free, declares Amit Shah in Lok Sabha; slams Rahul Gandhi

India now Maoist-free, declares Amit Shah in Lok Sabha; slams Rahul Gandhi

Rediff.com31 Mar 2026

Union Home Minister Amit Shah criticised the Congress party for its alleged inaction in addressing Maoist violence during its long rule, while highlighting the Modi government's success in nearly eradicating Maoists from Bastar, Chhattisgarh.

Budget At Economic Crossroads

Budget At Economic Crossroads

Rediff.com30 Jan 2026

'We believe the truth is in the middle, and that India is at an important crossroads.'

India makes 85% of digital payment through UPI: RBI Guv Malhotra

India makes 85% of digital payment through UPI: RBI Guv Malhotra

Rediff.com16 Oct 2025

About 85 per cent of the digital payment transactions take place through UPI in India, and the country can be a case study in inclusive, secure, and scalable Digital Public Platforms (DPPs), Reserve Bank Governor Sanjay Malhotra has said. He was speaking at a "High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms" organised by RBI on the sidelines of the Annual Meetings of the World Bank and International Monetary Fund in Washington, DC on Tuesday.

Nirav Modi's Brothers Served Notices in PNB Scam Case

Nirav Modi's Brothers Served Notices in PNB Scam Case

Rediff.com5 Mar 2026

A special court in Mumbai has issued notices to Nirav Modi's brothers, Neeshal and Nehal, asking them to explain why they should not be declared fugitive economic offenders in connection with the Punjab National Bank scam.

Need to shift from fortnightly to real-time credit reporting: RBI DG

Need to shift from fortnightly to real-time credit reporting: RBI DG

Rediff.com3 Jul 2025

There is a need for real-time or near real-time credit reporting, instead of the current fortnightly system, to improve underwriting precision, enable timely reflection of borrower actions such as loan closures or repayments, and deliver a superior consumer experience, Deputy Governor of the Reserve Bank of India (RBI), M Rajeshwar Rao said on Wednesday.

Asha Bhosle: 'I Am Unable To Trust Anyone'

Asha Bhosle: 'I Am Unable To Trust Anyone'

Rediff.com14 Apr 2026

'When you reach a good point in your life, you should never forget the struggle that got you there. I haven't. That is why I have not become swollen-headed.'

How To Use BNPL Wisely

How To Use BNPL Wisely

Rediff.com13 Nov 2025

Before signing up for a BNPL plan, read the fine print carefully and watch for red flags like unclear repayment terms, vague information on interest or late fees, and marketing that downplays the cost of default.