News for 'funds release'

Govt declares Canada-based Babbar Khalsa's Lakhbir Singh Landa as terrorist

Govt declares Canada-based Babbar Khalsa's Lakhbir Singh Landa as terrorist

Rediff.com30 Dec 2023

Landa currently resides in Edmonton, the capital of Alberta in Canada, and is a member of Babbar Khalsa International.

PM hails women power, releases over Rs 1600 cr for self-help groups

PM hails women power, releases over Rs 1600 cr for self-help groups

Rediff.com12 Aug 2021

Faulting previous governments for not taking adequate measures to economically empower women in the country, Prime Minister Narendra Modi on Thursday said his government was constantly creating an environment in which women self-help groups can connect villages with prosperity as he released Rs 1,625 crore as capitalisation support fund to over four lakh such groups. In a virtual interaction with the women self-help groups (SHGs) under the "Aatmanirbhar Narishakti se Samvad" (dialogue with self-reliant women) initiative, Modi said in a changing India, opportunities are increasing for women to move forward. The movement of woman SHGs has intensified in the last 6-7 years with over 70 lakh of them working across the country, a figure over three times more than earlier, he said, adding over eight crore women are connected with these groups.

Free Divestment From Finance Ministry

Free Divestment From Finance Ministry

Rediff.com21 Mar 2024

The new government that presents the full Budget for 2024-2025 in July should be ready to restructure the way divestment is managed and implemented, proposes A K Bhattacharya.

Mallya applies for funds held by UK court

Mallya applies for funds held by UK court

Rediff.com11 Dec 2020

Liquor tycoon Vijay Mallya on Friday made an urgent application before the UK High Court seeking access to millions of pounds to cover his living expenses and legal fees from funds held with the Court Funds Office as part of bankruptcy proceedings, initiated by a consortium of Indian banks led by the State Bank of India. Deputy Insolvency and Companies Court Judge Robert Schaffer declined to allow a draw down from the court-held funds of an estimated amount of around 1.5 million pounds, accrued from the sale of Mallya's French luxury property Le Grand Jardin earlier this year, until further arguments in the case. However, he did allow the release of 240,000 pounds plus VAT to cover the legal costs of a substantive hearing in the bankruptcy proceedings scheduled for next Friday.

Sensex up 276 points; banking, metal shares shine

Sensex up 276 points; banking, metal shares shine

Rediff.com21 Nov 2023

Among the Sensex firms, JSW Steel, Titan, Tata Steel, Sun Pharma, Reliance Industries, Bharti Airtel, Tata Motors and HDFC Bank were the biggest gainers. NTPC, Tech Mahindra, Maruti, State Bank of India and Larsen & Toubro were among the laggards.

'The Hope Is About Friendship'

'The Hope Is About Friendship'

Rediff.com27 May 2024

'Hope is about being more accepting of each other, the kind of solidarity and friendship that even our families may not be able to give.'

LS polls: Rahul woos diploma holders, graduates with MNREGA-like scheme

LS polls: Rahul woos diploma holders, graduates with MNREGA-like scheme

Rediff.com7 Mar 2024

Every young diploma and degree holder in the country will have the right to apprenticeships in the private and government sectors, he said.

ED summons Abhishek Banerjee on November 9

ED summons Abhishek Banerjee on November 9

Rediff.com8 Nov 2023

The Enforcement Directorate (ED) has summoned Trinamool Congress MP Abhishek Banerjee to appear before it in Kolkata on November 9 in connection with the alleged school jobs scam, a TMC leader said on Wednesday.

6 states, UTs didn't use Nirbhaya fund at all

6 states, UTs didn't use Nirbhaya fund at all

Rediff.com15 Dec 2019

Six states and UTs -- Maharashtra, Manipur, Meghalaya, Sikkim, Tripura and Daman & Diu -- have not spent a single rupee from the fund allocated by the Centre, according to data shared by the minister in Parliament in response to a question.

The RBI Way Of Firefighting

The RBI Way Of Firefighting

Rediff.com8 Apr 2024

Why is the RBI harsh on Paytm Payments Bank? Why did it give Rana Kapoor of Yes Bank Ltd such a long rope?Often, it's a long investigation process, but the RBI doesn't discuss this openly since that can threaten financial sector stability, explains Tamal Bandyopadhyay.

Gambhir contributes two years' salary to coronavirus fund

Gambhir contributes two years' salary to coronavirus fund

Rediff.com2 Apr 2020

Cricketer-turned-politician Gautam Gambhir on Thursday said he will contribute his two years' salary as an MP to the Prime Minister-CARES fund to tackle the coronavirus pandemic sweeping through the country. The BJP's Lok Sabha member from East Delhi made the announcement on his Twitter page, urging people to come forward and donate generously.

Farmers reel under double whammy of drought and fund crunch

Farmers reel under double whammy of drought and fund crunch

Rediff.com19 Dec 2018

Many farmers in drought hit states are seeking MGNREGA work but the state government's coffers do not have enough fund to pay the salaries of these workers.

Covid-19: MGNREGS funds fast drying up as demand surges

Covid-19: MGNREGS funds fast drying up as demand surges

Rediff.com23 Sep 2020

Almost 63 per cent of the increased allocation of around Rs 1.01 trillion has been spent in the first five months of 2020-21.

Chandrababu Naidu gets bail, walks out of jail after 53 days

Chandrababu Naidu gets bail, walks out of jail after 53 days

Rediff.com31 Oct 2023

Scores of TDP leaders and supporters burst into celebrations across the state on the release of their leader.

Will Jio MF Disrupt MF Business?

Will Jio MF Disrupt MF Business?

Rediff.com21 Aug 2023

While Jio MF will undoubtedly grow in size, it will have to cross multiple hurdles even to emerge as the market leader, observes Debashis Basu.

EC reveals electoral bond donors, but not who gave which party

EC reveals electoral bond donors, but not who gave which party

Rediff.com15 Mar 2024

From steel tycoon Lakshmi Mittal to billionaire Sunil Bharti Mittal's Airtel, Anil Agarwal's Vedanta, ITC, Mahindra and Mahindra, and a lesser-known Future Gaming and Hotel Services were among the prominent buyers of the now-scrapped electoral bonds for making political donations.

EPFO adds 17.21 lakh net members in September

EPFO adds 17.21 lakh net members in September

Rediff.com20 Nov 2023

Retirement fund body EPFO recorded a net addition of 17.21 lakh members in September, according to payroll data released on Monday. Month-on-month comparison of payroll data shows an increase of 21,475 net members over August 2023, a labour ministry statement said. Year-on-year comparison of payroll data reflects an increase of 38,262 net members over September 2022.

SpiceJet's resurgence could disrupt Indian aviation market: Capa

SpiceJet's resurgence could disrupt Indian aviation market: Capa

Rediff.com29 Dec 2023

SpiceJet's resurgence, once the new funding is in place, has the potential to disrupt the Indian aviation market in 2024 as the airline will bring its grounded aircraft back to service and lease as many planes as possible to be competitively relevant, aviation consultancy firm Capa India said on Thursday. "Although the market for procuring aircraft in 2024 is exceptionally tight, we expect that SpiceJet will bring stored aircraft back into operations, and will wet or dry lease as much capacity as possible, in order to be competitively relevant. "This will have a material impact on the industry structure, and possibly on domestic profitability," Capa India said in its report.

Tax devolution to states seen at 32%, but lags 15th FC advice

Tax devolution to states seen at 32%, but lags 15th FC advice

Rediff.com2 Feb 2024

The Union government is projected to share about 32 per cent of central taxes with states during the financial year 2024-25 against the 15th Finance Commission's recommendation of 41 per cent. The Revised Estimates (RE) for FY24, too, show a similar share of states in the central taxes at 32 per cent. In absolute terms, however, there has been an increase in the amount devolved to states compared to the Budget Estimates (BE) for FY24 at Rs 11 trillion.

Lenders set to clear Rs 400 crore to give wings to Go First

Lenders set to clear Rs 400 crore to give wings to Go First

Rediff.com26 Jun 2023

Go First's lenders have agreed in principle to support the airline's request for Rs 400 crore interim funding to restart its operations. The airline temporarily halted operations on May 2, and its insolvency plea was admitted by the National Company Law Tribunal (NCLT) on May 10. On Wednesday, the airline's resolution professional Shailendra Ajmera submitted a business plan and a request for over Rs 400 crore funding to airline's committee of creditors (CoC).

Mutual Fund SIP asset base touches all-time high at Rs 4.67 lakh cr in May

Mutual Fund SIP asset base touches all-time high at Rs 4.67 lakh cr in May

Rediff.com16 Jun 2021

Investor interest in the mutual fund industry as an avenue to generate long term wealth creation is rising with SIP's asset base touching an all-time high of Rs 4.67 lakh crore at May-end. Over the past five years, the systematic investment plan or SIP AUM has grown 30 per cent annually, twice as fast as the growth in the overall mutual fund industry's assets under management (AUM). According to data released by Association of Mutual Funds in India (Amfi) on Wednesday, SIP AUMs have seen a close to four-fold jump to Rs 4,67,366 crore as of May this year from Rs 1,25,394 crore as of August 2016.

GST compensation fund likely to fall short by Rs 25,000 cr in FY20

GST compensation fund likely to fall short by Rs 25,000 cr in FY20

Rediff.com7 Feb 2020

In the current financial year, the Centre released nearly Rs 1 lakh crore compensation to the states till September.

Rahul releases report on 'mismanagement' of COVID-19

Rahul releases report on 'mismanagement' of COVID-19

Rediff.com22 Jun 2021

Rahul said it is clear that the management of the first and second wave of COVID-19 was "disastrous".

Why MFs have curtailed investments in equities

Why MFs have curtailed investments in equities

Rediff.com14 Jul 2023

Shrinking inflows and surging outflows on account of profit-booking has curtailed mutual fund (MF) investments in equities since April. The total investments made by equity MFs during the first three months of 2023-24 stands at just Rs 2,980 crore, compared with an average monthly investment of Rs 14,500 crore in 2022-23, reveals data from the Securities and Exchange Board of India. "We are seeing signs of moderation in non-systematic investment plan (SIP) contribution, which has impacted domestic fund inflows in recent months to some extent," says Kunal Vora, head-India equity research, BNP Paribas.

J-K outfit banned for 'inciting people to establish Islamic rule'

J-K outfit banned for 'inciting people to establish Islamic rule'

Rediff.com27 Dec 2023

Union Home Minister Amit Shah said Prime Minister Narendra Modi government's message is loud and clear that anyone acting against the unity, sovereignty, and integrity of the nation will not be spared and face the full wrath of the law.

PGA tour officials to testify to US Senate panel over merger

PGA tour officials to testify to US Senate panel over merger

Rediff.com4 Jul 2023

The PGA Tour, DP World Tour and rival Saudi-backed LIV circuit announced an agreement in early June to merge and form a unified commercial entity. The LIV Golf series is bankrolled by the Saudi Arabia Public Investment Fund (PIV). Critics have accused it of being a vehicle for the country to improve its reputation as it faces criticism of its human rights record.

Chandrababu Naidu gets regular bail in Skill Development Corpn case

Chandrababu Naidu gets regular bail in Skill Development Corpn case

Rediff.com20 Nov 2023

The court converted Naidu's four-week interim medical bail in this case into absolute bail and ordered the former chief minister's release on regular bail, considering his age, old age-related ailments, non-flight risk and other reasons.

Tell us problem, it would be taken care of: Nadda to CM Sukhu

Tell us problem, it would be taken care of: Nadda to CM Sukhu

Rediff.com20 Aug 2023

All efforts should be on relief, restoration and rehabilitation, Nadda told reporters in Shimla after visiting the rain-affected areas of Poanta in Sirmaur and Shimla town.

Centre cut funds for Chhattisgarh's anti-Maoist ops, says minister

Centre cut funds for Chhattisgarh's anti-Maoist ops, says minister

Rediff.com2 Nov 2022

State Home Minister Tamradhwaj Sahu said that in 2013-14, the state had received Rs 50 crore for police modernisation from the Centre. The allocation has come down to Rs 20 crore right now.

COP28 clinches deal on transition away from fossil fuels

COP28 clinches deal on transition away from fossil fuels

Rediff.com13 Dec 2023

Adopted after nearly two weeks of hectic negotiations, the first Global Stocktake deal, being termed the UAE consensus, urges countries to accelerate efforts toward the phase-down of unabated coal power, which is a climb down after India and China strongly resisted the singling out of coal.

No funds for new schemes, says finance ministry

No funds for new schemes, says finance ministry

Rediff.com5 Jun 2020

The finance ministry has asked all ministries and departments not to initiate any new scheme in the current financial year and said that there is a need to use resources prudently in the wake of the COVID-19 crisis. However, funds for schemes under the Pradhan Mantri Garib Kalyan Package, the Aatmanirbhar Bharat Abhiyan package and any other special package or announcement would be allocated, according to an office memorandum by the department of expenditure, which comes under the finance ministry.

Centre releases Rs 36,400-cr GST compensation to states

Centre releases Rs 36,400-cr GST compensation to states

Rediff.com4 Jun 2020

Under the GST law, states were guaranteed to be paid for any loss of revenue in the first five years of the GST implementation from July 1, 2017.

Govt to borrow Rs 5.03 lakh cr in H2 FY'22 to fund revenue gap

Govt to borrow Rs 5.03 lakh cr in H2 FY'22 to fund revenue gap

Rediff.com27 Sep 2021

The government will borrow Rs 5.03 lakh crore in the second half of the current fiscal to fund the revenue gap for reviving the pandemic-hit economy, the finance ministry said on Monday. During the first half, the government has raised Rs 7.02 lakh crore by issuing bonds, the ministry said in a statement. "Out of gross market borrowing of Rs 12.05 lakh crore projected for FY 2021-22 in the Union Budget, Rs 7.24 lakh crore (60 per cent) was planned to be borrowed in first half (H1).

Terror funding: NIA files supplementary chargesheet

Terror funding: NIA files supplementary chargesheet

Rediff.com4 Oct 2019

The case relates to alleged terror funding in 2017 in the valley and involves Jamaat-ud-Dawah (JuD) chief Hafiz Saeed, the 2008 Mumbai terror attack mastermind based in Pakistan.

Delhi govt defers odd-even scheme pending SC review

Delhi govt defers odd-even scheme pending SC review

Rediff.com8 Nov 2023

The Delhi government on Wednesday said the odd-even car rationing scheme will be implemented in the national capital after the Supreme Court reviews its effectiveness and issues an order.

BSE-listed firms' m-cap touch record high of Rs 337.67 lakh crore

BSE-listed firms' m-cap touch record high of Rs 337.67 lakh crore

Rediff.com1 Dec 2023

The combined market capitalisation of BSE-listed companies hit an all-time high of Rs 337.67 lakh crore ($4 trillion) on Friday amid a rally in equities, mainly on account of favourable macroeconomic data and continuous foreign fund inflows. Rising for the fourth straight day, the 30-share BSE Sensex jumped 492.75 points or 0.74 per cent to settle at 67,481.19 points. During the day, it rallied 575.89 points or 0.85 per cent to 67,564.33 points.

Sebi nods ASBA-like facility for secondary mkt

Sebi nods ASBA-like facility for secondary mkt

Rediff.com29 Mar 2023

Markets regulator Sebi will put in place a framework for the Application Supported by Blocked Amount (ASBA) facility for investors in secondary market trading, similar to the existing system for IPO investors. Sebi's board approved the proposal during its meeting here on Wednesday. Through the proposed facility, which would be optional for investors as well as stock brokers, Sebi aims to bring in "efficiency in the secondary market ecosystem by allowing usage of same blocked amount towards margin and settlement obligations.

IPL's Most Expensive Players

IPL's Most Expensive Players

Rediff.com21 Dec 2023

10 costliest buys that stirred the cash-rich league.

China's Siang power project will impact India, warns Arunachal CM

China's Siang power project will impact India, warns Arunachal CM

Rediff.com6 Sep 2023

Arunachal Pradesh Chief Minister Pema Khandu on Wednesday expressed concern over China's proposed mega hydropower project on the upstream of Siang River in Tibet, stating it will have a cascading effect on India and Bangladesh in the near future.