News for 'funding delay'

Aid given to Kerala is advance, more to follow: PM

Aid given to Kerala is advance, more to follow: PM

Rediff.com26 Aug 2018

Modi highlighted the fact that normal rules and procedures have been set aside in view of the emergency nature of requirement in Kerala.

Opposition seeks compensation for migrants who died during lockdown

Opposition seeks compensation for migrants who died during lockdown

Rediff.com16 Sep 2020

Several opposition members, including from the Dravida Munnetra Kazagham and the Communist Party of India-Marxist, also pointed out that the government took almost two months to impose the lockdown after the first case came to light in January, and claimed the delay had proved costly.

Buying a house this festive season?

Buying a house this festive season?

Rediff.com2 Nov 2021

Experts say this is a good time to buy a house for self-use, points out Sanjay Kumar Singh.

Tiger Global, others invest $225 mn in parent of IPL title sponsor Dream11

Tiger Global, others invest $225 mn in parent of IPL title sponsor Dream11

Rediff.com15 Sep 2020

The new round values the company at $2.5 billion, more than double the over $1 billion valuation Dream 11 enjoyed in April 2019 when it was declared the country's first gaming unicorn.

Australia joins diplomatic boycott of Beijing Winter Games

Australia joins diplomatic boycott of Beijing Winter Games

Rediff.com8 Dec 2021

Australia will join the United States in a diplomatic boycott of the Winter Olympic Games in Beijing, Prime Minister Scott Morrison said on Wednesday, as other allies weighed similar moves to protest China's human rights record.

'Large-caps, especially with a value bias, are preferable at this stage'

'Large-caps, especially with a value bias, are preferable at this stage'

Rediff.com7 Jan 2022

'If the third wave of Covid infections is as bad as the second one, the market may get very polarised with a preference for blue-chips with low volatility.'

India's JOBS CRISIS

India's JOBS CRISIS

Rediff.com23 Sep 2021

India's work participation rate is lower than Pakistan and Bangladesh. Are Indians lazy? No, there are no jobs, asserts Aakar Patel.

'People should feel like spending more'

'People should feel like spending more'

Rediff.com5 Nov 2019

'One of the ways to do that is to ensure that NBFCs have got liquidity.' 'If we don't do that, this mood of gloom will continue.' NBFCs need to be provided with liquidity if they have to start lending.

'Biden likely to be pragmatic in dealing with Pak'

'Biden likely to be pragmatic in dealing with Pak'

Rediff.com12 Nov 2020

Pakistan's close ties with China and its lack of democracy and disregard for human rights will not be overlooked, said Haqqani, who currently is a Senior Fellow at the Hudson Institute think-tank in Washington.

Global vaccine supply hit due to Covid surge in India:

Global vaccine supply hit due to Covid surge in India:

Rediff.com28 May 2021

The 'terrible' surge of the coronavirus cases in India has severely impacted COVAX's vaccine supply in the second quarter of this year to the extent that there will be a shortfall of 190 million doses by the end of June, according to a joint statement by the WHO, UNICEF, GAVI and CEPI.

India's buildings sector to grow by 6.6% in 2020: Fitch

India's buildings sector to grow by 6.6% in 2020: Fitch

Rediff.com30 Dec 2019

With funds more readily available, Fitch expects a portion of stalled housing projects to resume construction, and this will feed into its forecasts for India's buildings sector growth in the short term.

UK, India COVID-19 study sets Guinness world record

UK, India COVID-19 study sets Guinness world record

Rediff.com26 Aug 2021

The co-lead author of the study, Indian-origin surgeon Aneel Bhangu from the University of Birmingham, said the study was aimed at improving our understanding of the deadly virus.

Borrowers, investors, beware these GST red flags

Borrowers, investors, beware these GST red flags

Rediff.com27 Jun 2018

GST will now apply to mutual funds, loan instalments and credit card dues.

Omicron thrice more contagious, activate war rooms: Centre to states

Omicron thrice more contagious, activate war rooms: Centre to states

Rediff.com21 Dec 2021

In a letter to the states and union territories, Union Health Secretary Rajesh Bhushan advised implementing strategic interventions for containment like imposition of night curfew, strict regulation of large gatherings, curtailing numbers in marriages and funerals besides increasing testing and surveillance.

350,000 flats remain unsold in Mumbai

350,000 flats remain unsold in Mumbai

Rediff.com9 Nov 2017

The maximum inventories are in 1 and 2 BHK configurations totaling 587,500 units.

Waiting endlessly for AP govt to revert on special package: Jaitley

Waiting endlessly for AP govt to revert on special package: Jaitley

Rediff.com17 Mar 2018

"A solution has been put on the table. It is for Andhra Pradesh to decide whether they want the resources or they want to make an issue (out of it)," he said.

FM to meet all bank heads on Monday to discuss NBFC crisis

FM to meet all bank heads on Monday to discuss NBFC crisis

Rediff.com3 Aug 2019

Credit to priority sectors as well as small and medium industries will be discussed to find ways to accelerate economic growth.

Player contracts should be extended, says FIFA

Player contracts should be extended, says FIFA

Rediff.com26 Mar 2020

While domestic leagues are hoping to resume when the threat from the virus has receded, concrete start dates have yet to be fixed. That leaves the issue of expiring player contracts, which are usually timed to finish at the end of a given season, as a potential headache.

Chinese banks face SBI hurdle in recovering Anil Ambani dues

Chinese banks face SBI hurdle in recovering Anil Ambani dues

Rediff.com13 Jun 2020

With the State Bank of India moving the National Company Law Tribunal's Delhi bench to enforce the personal guarantees of Ambani, it will delay the recovery of dues by the Chinese banks which won a UK court order in May this year.

Tea Industry On Tenterhooks About Ukraine Conflict

Tea Industry On Tenterhooks About Ukraine Conflict

Rediff.com16 Mar 2022

Russia is among the top buyers of Indian tea, accounting for about 18 per cent of the industry's total exports.

Pursuing foreign companies since mid-2020 for possible vaccine imports: Govt

Pursuing foreign companies since mid-2020 for possible vaccine imports: Govt

Rediff.com27 May 2021

Facing accusations of delay in placing orders for vaccines, the government on Thursday defended its vaccine procurement policy saying it has been pursuing Pfizer, J&J and Moderna since mid-2020 for the earliest possible imports, and has even waived local trials for well-established foreign vaccine makers.

Sebi introduced an optional T+1 settlement cycle for markets

Sebi introduced an optional T+1 settlement cycle for markets

Rediff.com8 Sep 2021

The Securities and Exchange Board of India (Sebi) has introduced an optional T+1 settlement cycle for the markets. T+1 means that settlements will have to be cleared within one day of the actual transactions taking place. The regulator has put the onus on the stock exchanges to decide whether they want to opt for the shorter settlement cycle for any of the listed scrips. This can be done after giving a one-month prior notice to all stakeholders.

Govt mulls 'Mission COVID Suraksha' with Rs 3,000 cr corpus

Govt mulls 'Mission COVID Suraksha' with Rs 3,000 cr corpus

Rediff.com25 Aug 2020

The aim of the mission is to accelerate the development of at least six vaccine candidates and ensure that they are licenced and introduced in market for emergency use at the earliest.

Mauritius' plans to exit 'grey list' hits COVID roadblock

Mauritius' plans to exit 'grey list' hits COVID roadblock

Rediff.com19 Jun 2020

The country was, in February, put on the list of jurisdictions that require increased monitoring. These are done to counter money-laundering, terrorist financing, and proliferation financing in a more efficient manner.

RBI to crack whip on recovery agents, calls for restricting messaging apps

RBI to crack whip on recovery agents, calls for restricting messaging apps

Rediff.com28 Jan 2021

Digital lending apps extend small amounts at exorbitant rates. Payment delays invite messages to customer or close family members, often with sensitive information such as Aadhaar and PAN Card scans.

Rebalancing India-China, The Sri Lanka Way

Rebalancing India-China, The Sri Lanka Way

Rediff.com14 Feb 2022

Colombo seems to be veering to the middle path between China and the US on global matters, but in regional matters of strategic security, it is increasingly identifying with India, points out N Sathiya Moorthy.

'How can Mughals be our heroes': Yogi renames upcoming Agra museum

'How can Mughals be our heroes': Yogi renames upcoming Agra museum

Rediff.com15 Sep 2020

Chairing a review meeting of Agra division, the chief minister made it clear that his government 'always nurtured nationalist ideology and anything which smacks of subservient mentality will be done away with', the UP government said in a statement.

Modi urges fugitive economic offenders to return to India

Modi urges fugitive economic offenders to return to India

Rediff.com18 Nov 2021

Prime Minister Narendra Modi on Thursday said his government is using all channels including diplomatic to bring back high-profile economic offenders, leaving them with no option but to return to the country. Speaking at a symposium on credit flow and economic growth, he asked banks to support wealth and job creators with proactive lending while promising to stand by any loans given in right earnest. "In our attempt to bring back fugitive (economic offenders), we relied on policies and law and also used diplomatic channels.

Patanjali Ayurved revises offer for bankrupt Ruchi Soya

Patanjali Ayurved revises offer for bankrupt Ruchi Soya

Rediff.com13 Mar 2019

The revised offer will mean the lenders will have to write off 60 per cent of their dues.

CSR norms: Is India moving back to Inspector Raj?

CSR norms: Is India moving back to Inspector Raj?

Rediff.com2 Aug 2019

According to experts by making CSR spending mandatory, the government has made it into a statutory due like tax but with none of its democratic quality.

Bengal migrant workers denied Jan, Feb pays

Bengal migrant workers denied Jan, Feb pays

Rediff.com11 May 2020

In Sandelerbil village alone in the Hingalgunj block in the Sundarbans, around 36 families from the Scheduled Caste community migrated from Tamil Nadu in March, where they had been working in a gas oven factory. A majority awaits dues promised but not paid. The story is no different in the villages of Manipur, Atapur, and Amtoli under the Sandeshkhali block in the Sundarbans.

Yes Bank's insolvency may widen economic pain: S&P

Yes Bank's insolvency may widen economic pain: S&P

Rediff.com9 Mar 2020

SBI's ownership should give confidence to depositors and lenders about the bank's solvency.

Despite delays, Modi govt has a plan to turn around the economy

Despite delays, Modi govt has a plan to turn around the economy

Rediff.com26 Jun 2015

Money is being released and the government knows it will have to front-run private investment.

Retrofitted EVs: Indian jugaad that's cheap, clean & battery-powered

Retrofitted EVs: Indian jugaad that's cheap, clean & battery-powered

Rediff.com29 May 2022

India has a history of jugaad, and retrofitting vehicles is one such manifestation of the legendary Indian skill. Not so long ago autorickshaws and small Marutis used to strap on subsidised LPG cylinders and power themselves to a cheap ride. There were the odd explosions, lives were lost, but the jugaad continued. Then compressed natural gas (CNG) was introduced in Delhi following a court order. Initially, customised CNG kits were fitted to conventional (internal combustion engine or ICE) autos cheaply, enabling commuting at less than half of what you would cough up for diesel. The industry is better organised now with Suzuki and Hyundai designing CNG-fired vehicles, and Mahindra and TVS manufacturing liquefied petroleum gas (LPG)-powered three wheelers.

Things are simply getting worse for Anil Ambani

Things are simply getting worse for Anil Ambani

Rediff.com8 May 2019

Debt-ridden Reliance Capital ready to cede control in home finance - Blackstone, Carlyle, Brookfield, and Piramal group are in talks to buy a large stake in Reliance Home Finance.

Air India, BPCL, Concor divestments unlikely this fiscal

Air India, BPCL, Concor divestments unlikely this fiscal

Rediff.com2 Jan 2020

An official said the government is preparing the financial statements and getting the data room ready for the sales, suggesting that such aspects take time.

GST: States, FinMin at loggerheads over compensation

GST: States, FinMin at loggerheads over compensation

Rediff.com18 Dec 2019

While Union Finance Minister Nirmala Sitharaman reiterated her stand that the central government was committed to cooperative federalism, finance ministers of non-BJP ruled states such as Punjab and Kerala said she refused to give a categorical assurance that states will be paid compensation on time.

New recurring payment norms: 4 weeks later, people still face disruptions

New recurring payment norms: 4 weeks later, people still face disruptions

Rediff.com28 Oct 2021

More than three weeks have passed since the Reserve Bank of India's (RBI's) new guidelines on e-mandates for recurring payments came into effect but consumers are still taking to social media platforms to complain about the disruptions they are facing. This comes as most stakeholders in the ecosystem have not put in place systems in accordance with the new rules, resulting in many transactions not going through. Industry sources said most banks are still not ready, especially the smaller ones.

224 infra projects see cost overrun of Rs 2.11 trillion

224 infra projects see cost overrun of Rs 2.11 trillion

Rediff.com18 Mar 2015

Delay in implementation of 224 central sector infrastructure projects resulted in cost overruns to the tune of Rs 2.11 lakh crore, government said.

The Indrani Vs Rahul Face Off

The Indrani Vs Rahul Face Off

Rediff.com7 Oct 2022

Rahul knew this was coming. That 'dirt' would be dug up.