News for 'fund misuse'

Aadhaar data breach can influence election results: Supreme Court

Aadhaar data breach can influence election results: Supreme Court

Rediff.com17 Apr 2018

Senior counsel, Diwedi submitted that technology is advancing and we have limitations of understanding the technological developments.

'His eyes reach every person in the state'

'His eyes reach every person in the state'

Rediff.com25 Mar 2021

'If Pinarayi Vijayan gets another term, Kerala will be a state where everybody has a house.'

Enraged at Nirbhaya convicts mocking justice system: Smriti

Enraged at Nirbhaya convicts mocking justice system: Smriti

Rediff.com7 Mar 2020

Irani said urgent steps are needed to ensure that such "mockery of justice" does not take place anymore.

'Why was Waze Param Bir Singh's blue eyed boy?'

'Why was Waze Param Bir Singh's blue eyed boy?'

Rediff.com20 Apr 2021

'Singh is complaining that politicians are summoning Waze after bypassing him.' 'But Singh is himself undermining the hierarchy within his force by interacting directly with Waze.'

What banks look at before giving you a credit card

What banks look at before giving you a credit card

Rediff.com4 May 2010

There are several conditions that banks look at before giving out credit cards. Here's what you must know before applying for a credit card.

IL&FS case reveals what India's resolution mechanism is lacking

IL&FS case reveals what India's resolution mechanism is lacking

Rediff.com1 May 2021

The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.

'Unite against BJP': Mamata writes to Oppn leaders

'Unite against BJP': Mamata writes to Oppn leaders

Rediff.com31 Mar 2021

Ahead of the second phase of polls in the state, Banerjee's letter, which was released by the Trinamool Congress on Wednesday, seeks to drum up support from opposition leaders by stating how non-BJP states have suffered due to the saffron party led Centre's actions.

AgustaWestland accused, lobbyist arrested after deportation from Dubai

AgustaWestland accused, lobbyist arrested after deportation from Dubai

Rediff.com31 Jan 2019

They said Rajeev Shamsher Bahadur Saxena wanted in the Rs 3,600 crore AgustaWestland VVIP choppers money laundering case and lobbyist Deepak Talwar wanted by the Enforcement Directorate and the Central Bureau of Investigation in a case of misusing over Rs 90 crore taken through the foreign funding route, were brought in a special plane to Delhi around 1:30 am.

Agusta scam accused Rajiv Saxena extradited to India

Agusta scam accused Rajiv Saxena extradited to India

Rediff.com31 Jan 2019

Rajiv Saxena, an accused in AgustaWestland chopper deal scam, was extradited from Dubai, UAE, to India .

Understand the MF returns formula

Understand the MF returns formula

Rediff.com7 Feb 2011

When the gain or loss in a portfolio is expressed as a percentage of the invested capital, it is known as the absolute return.

Defence Ministry to probe Army's golf cart scam

Defence Ministry to probe Army's golf cart scam

Rediff.com11 Jul 2009

The Defence Ministry on Saturday said it would probe allegations of the Army spending Rs 1.17 crore on golf carts from special funds. Referring to the Comptroller and Auditor General slamming chiefs of the Army's Northern and Western Commands for alleged misuse of special financial powers during April 2002 and August 2007, Minister of State for Defence M M Pallam Raju said that "irregularities, if any, will be addressed."

HC orders to defreeze accounts of Indira Jaisingh's NGO

HC orders to defreeze accounts of Indira Jaisingh's NGO

Rediff.com31 Jan 2017

Justice M S Sonak in an interim order on Monday restrained the Charity Commissioner from attaching the assets and accounts of the NGO. The HC also ordered defreezing of the domestic and non-FCRA bank accounts of the NGO.

The 5 wise men who will decide corporate loan recast

The 5 wise men who will decide corporate loan recast

Rediff.com31 Aug 2020

Under the watchful eyes of five wise men, who know the industry well, banks will not find it easy to hoodwink the system, says Tamal Bandyopadhyay.

Malaysia: Hindraf now faces embezzlement charges

Malaysia: Hindraf now faces embezzlement charges

Rediff.com19 Jan 2008

Supporters of a Hindu rights group, which spearheaded mass protests demanding better treatment for ethnic Indians in Malaysia, are being investigated for allegedly misusing several hundred thousand dollars in donation funds, the police said.

Rajathan governor's 'Ram Katha' draws flak

Rajathan governor's 'Ram Katha' draws flak

Rediff.com24 Dec 2002

The governor says the proceeds from the event will be used to help famine victims, but various organisations say it is misuse of constitutional authority and reeks of communal politics.

Sebi diktat on splitting chairman, MD/CEO roles

Sebi diktat on splitting chairman, MD/CEO roles

Rediff.com6 Apr 2021

Capital markets regulator Sebi on Tuesday asked listed companies to work towards splitting the roles of chairman and managing director before the April 2022 deadline, as the new directive is not aimed at weakening the position of promoters. Listed entities were initially required to separate the roles of chairperson and MD/CEO from April 1, 2020 onwards. However, based on industry representations, an additional time period of two years was given for compliance. The regulation will now be applicable to the top 500 listed entities by market capitalisation, with effect from April 1, 2022.

Sebi proposes joint task force to check illicit money pooling

Sebi proposes joint task force to check illicit money pooling

Rediff.com29 Jul 2015

Most companies do not provide correct and complete information to the Registrar of Companies (ROC) and Sebi.

Banks, end KYC-account freeze nonsense

Banks, end KYC-account freeze nonsense

Rediff.com7 May 2021

While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open nearly 260,000 fake home-loan accounts, reveals Debashis Basu.

Arrest of a Banker

Arrest of a Banker

Rediff.com3 Nov 2020

This is one of the many such cases that helped to create an acute fear psychosis among public sector bankers, reveals Tamal Bandyopadhyay in his fascinating new book Pandemonium: The Great Indian Banking Tragedy.

'There's nothing to be ashamed about periods'

'There's nothing to be ashamed about periods'

Rediff.com28 Jul 2021

Deane De Menezes hopes to reduce the awkwardness and stigma around menstruation.

Banks responsible for card, PIN delivery

Banks responsible for card, PIN delivery

Rediff.com30 Dec 2008

A bank customer has approached the Ombudsman with a complaint about withdrawal of funds through unauthorised use of his card. The complainant said that he had asked for a debit card and the bank responded by issuing a card with zero liability.

Infosys gets whistleblower plaint against CEO

Infosys gets whistleblower plaint against CEO

Rediff.com12 Nov 2019

The whistleblower, claiming to be an employee working in the finance department, said he was submitting a 'whistleblower complaint' unanimously as the matter stated was 'volatile' and that he feared retaliation on disclosing the identity.

'Not so important': SC on Karti's plea seeking permission to go abroad

'Not so important': SC on Karti's plea seeking permission to go abroad

Rediff.com1 Nov 2018

Declining urgent hearing, the top court observed that judges have more cases 'than they can handle'.

New farm laws have been welcomed in many states: Tomar

New farm laws have been welcomed in many states: Tomar

Rediff.com15 Dec 2020

According to the ministry's statement, Tomar thanked the BKU (Kisan) leaders for coming out in support of the Farm Acts and said these laws have been welcomed in various states across the country.

Export of 24-carat gold jewellery may be banned

Export of 24-carat gold jewellery may be banned

Rediff.com8 Jun 2017

In India 24-carat gold is used mostly in coins and bars

Not feasible to shift matches out of Pune: BCCI tells HC

Not feasible to shift matches out of Pune: BCCI tells HC

Rediff.com13 Apr 2016

It will not be feasible to shift IPL matches out of Pune, the BCCI told the Bombay High Court on Wednesday, while stating that franchises of Mumbai and Pune teams are willing to contribute Rs five crore towards the Chief Minister's drought relief fund. The BCCI spelt out its stand before a bench of Justices V M Kanade and M S Karnik, hearing a PIL by NGO Loksatta Movement challenging use of large quantities of water in stadiums at a time when the state was reeling under severe drought conditions. BCCI's counsel Rafiq Dada also told the high court that the cricket board is ready to supply over 60 lakh litres of non-potable water to drought-hit areas in Maharashtra free of cost. He said the water will be supplied in support with Royal Western India Turf Club (RWITC), Mumbai Cricket Association and Maharashtra Cricket Association. "It would not be feasible to shift matches out of Pune as it will disturb the Pune team's brand value and economic balance," he said. The franchises of Mumbai Indians and Rising Pune Supergiants are willing to contribute Rs five crore to the CM's drought relief fund, Dada said.

Terrorism Pak's 'only crowning glory' for 70 yrs: India at UN

Terrorism Pak's 'only crowning glory' for 70 yrs: India at UN

Rediff.com26 Sep 2020

"This august forum witnessed a new low on its 75th anniversary. The leader of Pakistan today called for those who incite hate and violence to be outlawed. But as he went on, we were left wondering, was he referring to himself?" First Secretary in the Permanent Mission of India to the UN Mijito Vinito said, making India's Right of Reply.

'Pinarayi Vijayan has been the target of the most vicious personal attacks'

'Pinarayi Vijayan has been the target of the most vicious personal attacks'

Rediff.com29 Mar 2021

'During Amit Shah's recent visit to Kerala, the strategy of concentrating the attacks on the CM on false charges was clear enough.'

CAG report to improve job scheme results: Govt

CAG report to improve job scheme results: Govt

Rediff.com19 Jan 2008

The recent draft report of the Comptroller and Auditor General (CAG) which pointed to misuse and non-utilisation of funds for the National Rural Employment Guarantee (NREG) scheme doesn't mean the programme is a write-off. The audit will act as a deterrent and spur state governments to work more efficiently, Rural Development Minister Raghuvansh Prasad Singh has said.

High court grants relief to Mulayam

High court grants relief to Mulayam

Rediff.com7 May 2003

The Samajwadi Party chief is accused of misusing the Chief Minister's Discretionary Fund during his tenure in the nineties.

No Dutch league title awarded; Osasuna director jailed

No Dutch league title awarded; Osasuna director jailed

Rediff.com24 Apr 2020

No Dutch top-flight league soccer title will be awarded this season after the COVID-19 pandemic brought the campaign to a premature close, the Dutch FA (KNVB) said after a meeting with clubs and unions representing coaches and players on Friday. Ajax were top of the Eredivisie table with 56 points from 25 games, only ahead of AZ on goal difference, and both teams will now fill the Netherlands' qualifying places in UEFA's 2020-21 Champions League, Europe's elite club competition.

Stormy Mamata battles tempest ahead of Bengal polls

Stormy Mamata battles tempest ahead of Bengal polls

Rediff.com17 Dec 2020

As the West Bengal chief minister was busy containing the fallout of an internecine feud in her TMC following a rebellion by a redoubtable Suvendu Adhikari, the Centre shot off a fresh letter to her government to immediately relieve three IPS officers for central deputation.

BJP told me to keep quiet, leaders never stood by me: Navjot Kaur

BJP told me to keep quiet, leaders never stood by me: Navjot Kaur

Rediff.com9 Oct 2016

She said she would not resign from the assembly and continue to carry out development works in Amritsar East assembly constituency.

Corporate-run banks: Will depositors benefit?

Corporate-run banks: Will depositors benefit?

Rediff.com2 Dec 2020

The most common complaint of financial consumers is cumbersome processes, complicated products, usurious charges, and mis-selling of products, which finally don't deliver what is promised or as expect, notes Debashis Basu.

Lok Sabha passes Surrogacy Bill

Lok Sabha passes Surrogacy Bill

Rediff.com5 Aug 2019

Responding to the debate on the bill, Health Minister Harsh Vardhan said the ban commercial surrogacy was "the need of the hour".

Sebi tightens investing norms

Sebi tightens investing norms

Rediff.com18 Aug 2005

Securities and Exchange Board of India is likely to tighten norms for big investors like domestic and foreign financial institutions and mutual funds to make the investment process in public offers more transparent.

Centre, states team up with RBI, Big Tech to fight Chinese lending apps

Centre, states team up with RBI, Big Tech to fight Chinese lending apps

Rediff.com22 Jan 2021

A user just needs to download any app floated by such fraudsters and apply for instant loans. These apps are mainly concentrated on Google Play considering the reach and popularity of Android systems.

Bird flu threat may revive controversial project

Bird flu threat may revive controversial project

Rediff.com31 Oct 2005

The Gandhi government stopped the BNHS project in 1975 on the advice of parliament public accounts committee.

SC asks Centre to reply on Red FM's plea

SC asks Centre to reply on Red FM's plea

Rediff.com22 Jul 2015

The court had said "things are not spelt out as to what you (Centre) mean by security clearance.