News for 'letter of credit'

Vir Das Wants You To Listen To The Sounds Of India

Vir Das Wants You To Listen To The Sounds Of India

Rediff.com16 Sep 2025

'When you miss India, you'll hear it before you see it. That's really where the idea started.' 'If you ever go to your terrace at night in India, you'll hear sounds from everywhere.' 'That feeling of hearing home in your head when you're far away... that's the soul of the show.'

Mehul Choksi's bail plea rejected by Belgian court

Mehul Choksi's bail plea rejected by Belgian court

Rediff.com30 Aug 2025

The bail plea of fugitive diamonds trader Mehul Choksi, wanted in India in connection with over Rs 6300-crore fraud in the Punjab National Bank (PNB), has again been turned down by a court of appeal in Belgium, just ahead of his extradition hearing before a court in that country, officials said. The court rejected the appeal on strong reasons conveyed by the CBI to the Belgian prosecution that Choksi had escaped from many jurisdictions earlier as well to evade legal proceedings and may flee to another country if let out on bail, they said.

Trump's Tariffs: 3 Million Tamil Nadu Jobs At Risk

Trump's Tariffs: 3 Million Tamil Nadu Jobs At Risk

Rediff.com26 Aug 2025

The textile and apparel sector is India's second-largest employment provider, after agriculture, and it is now caught in a wave of uncertainty following the Donald Trump administration's tariff policy.

Ananya's Jackfruit Story

Ananya's Jackfruit Story

Rediff.com30 Jun 2025

Krystle's beach pose... Where's Vaani holidaying?... Who's Shalini writing a love letter to?...

States Seek Centre's Help To Deal With Trump's Tariffs

States Seek Centre's Help To Deal With Trump's Tariffs

Rediff.com2 Sep 2025

State governments have requested the Centre for export incentives, lifting of import duty in the case of cotton for the textile sector and GST exemptions.

Prada breaks silence over Rs 1.2 lakh 'Kolhapuri chappals'

Prada breaks silence over Rs 1.2 lakh 'Kolhapuri chappals'

Rediff.com28 Jun 2025

Artisans from Maharashtra have cried foul after footwear similar to the famous Kolhapuri chappals featured in Prada's show. They alleged violation of geographical identification (GI) rights.

Turbulence In Tokyo: What It Means For India

Turbulence In Tokyo: What It Means For India

Rediff.com12 Sep 2025

Prime Minister Shigeru Ishiba's sudden resignation after only a year in office has thrown Japan into political turmoil, raising doubts about how the country will handle economic and regional challenges, observes Dr Rajaram Panda.

Prada Steps Into Kolhapur

Prada Steps Into Kolhapur

Rediff.com19 Jul 2025

The team toured four clusters in and around Kolhapur where Kolhapuri chappals are made.

Kolhapuri footwear makers allege GI breach by Prada, demand revenue share

Kolhapuri footwear makers allege GI breach by Prada, demand revenue share

Rediff.com27 Jun 2025

They presented a letter urging him to look into the violation and preserve the product, which is a symbol of the state's cultural heritage.

When Gujarati Muslims Dominated Bombay Politics

When Gujarati Muslims Dominated Bombay Politics

Rediff.com26 Aug 2025

'They wanted the city to be a great business hub. They didn't like the fact that taxes collected in Bombay would go outside the city.'

RBI Eases KYC Deadline For Low-Risk Customers

RBI Eases KYC Deadline For Low-Risk Customers

Rediff.com13 Jun 2025

'Self-declaration from the customer in case of no change in KYC information or change only in the address details may be obtained.'

Ex-bureaucrats seek Green Credits scheme withdrawal

Ex-bureaucrats seek Green Credits scheme withdrawal

Rediff.com20 Mar 2024

A group of 91 retired bureaucrats has appealed to the Centre to withdraw the Green Credits programme, which they claimed may facilitate diversion of forest land to private entities. "Quick, smooth and easy diversion of our forest lands in favour of user agencies is apparently the sole intention of this set of Green Credits rules. "We urge the MOEFCC to recognise this danger and withdraw the Green Credits notification expeditiously," the group of former civil servants wrote in an open letter to the Ministry of Environment, Forest and Climate Change (MoEFCC).

PNB fraud: Nirav Modi's brother Nehal held soon after 3-year US jail term

PNB fraud: Nirav Modi's brother Nehal held soon after 3-year US jail term

Rediff.com6 Jul 2025

Nehal Modi, the younger brother of fugitive diamantaire Nirav Modi, has been arrested in the US based on extradition requests from the Enforcement Directorate and the CBI.

6 Smart Ways To Manage Money During Tough Times

6 Smart Ways To Manage Money During Tough Times

Rediff.com23 Jun 2025

Tough times don't last, but tough people -- and smart financial strategies - do, says Ramalingam Kalirajan

Tribals Fear New Threats As Naxalism Fades

Tribals Fear New Threats As Naxalism Fades

Rediff.com27 Jun 2025

If the threat from the 'Maovadis' (Maoists) is fading, the danger now lies with the 'MoUvadis' -- those who might exploit the resource-rich Abujhmad region through corporate or State-backed projects.

Sebi attaches bank, demat, MF accounts of Mehul Choksi to recover Rs 2.1 cr dues

Sebi attaches bank, demat, MF accounts of Mehul Choksi to recover Rs 2.1 cr dues

Rediff.com6 Jun 2025

Markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of absconding diamantaire Mehul Choksi to recover dues totalling Rs 2.1 crore in a case of violation of insider trading rules in the shares of Gitanjali Gems.

Mehul Choksi detained in Belgium on India's extradition request

Mehul Choksi detained in Belgium on India's extradition request

Rediff.com14 Apr 2025

Absconding diamond jeweller Mehul Choksi has been detained in Belgium following an extradition request by Indian probe agencies for his alleged involvement in the Rs 13,000 crore PNB bank loan 'fraud' case, official sources said Monday. The action against the diamantaire was taken on Saturday.

Working closely with Belgium for Mehul Choksi's extradition, says MEA

Working closely with Belgium for Mehul Choksi's extradition, says MEA

Rediff.com18 Apr 2025

India is working closely with Belgium to extradite fugitive diamantaire Mehul Choksi, who was arrested in Antwerp on Saturday based on a formal request from the Indian government. Choksi is wanted by Indian probe agencies in connection with a Rs 13,500-crore bank loan fraud case involving the Punjab National Bank (PNB). His nephew, Nirav Modi, is also facing extradition proceedings in the UK.

'Choose A Borrower-Friendly Lender'

'Choose A Borrower-Friendly Lender'

Rediff.com9 Jun 2025

Borrowers should consider switching from an MCLR-linked to a repo rate-linked loan.

'Why Would A Pilot Go And Touch The Switch?'

'Why Would A Pilot Go And Touch The Switch?'

Rediff.com14 Jul 2025

'The switch can't be shut off by an accidental brush of the hand, but needs effort, conscious physical action to operate it.' 'Was it the software of the aeroplane that caused the switch to turn off?' 'Was it the hardware of the aeroplane?' 'Was it both software and hardware put together?'

Beleaguered Gensol's independent director quits

Beleaguered Gensol's independent director quits

Rediff.com17 Apr 2025

Gensol Engineering, the beleaguered firm that came under market regulator Sebi's lens for fund diversions and governance lapses, said that its independent director Arun Menon has resigned with immediate effect.

PCI Urges MDR on UPI, RuPay

PCI Urges MDR on UPI, RuPay

Rediff.com25 Mar 2025

'The introduction of a reasonable MDR for large merchant transactions will allow the industry to continue investing in innovation, cybersecurity, grievance redressal, and merchant support, ultimately ensuring that UPI continues to thrive.'

Bengal BJP ex-chief Dilip Ghosh, 60, marries party colleague

Bengal BJP ex-chief Dilip Ghosh, 60, marries party colleague

Rediff.com18 Apr 2025

The couple met during morning walks, and the relationship grew over time.

'Pakistan Working Committee': BJP slams Cong for doubting Balakot strike

'Pakistan Working Committee': BJP slams Cong for doubting Balakot strike

Rediff.com3 May 2025

The BJP on Saturday accused the Congress of repeatedly supplying "oxygen" to Pakistan, and slammed the opposition party for its leader Charanjit Singh Channi's remarks questioning the veracity of Balakot air strikes after the 2019 Pulwama terror attack. BJP national spokesperson Sambit Patra alleged that the Congress is full of pro-Pakistan leaders who make statements against India's interests, and mocked the party for its letter that had advised its functionaries to toe the official line on the issue. Patra also criticized other Congress leaders for their comments on the Pulwama and Pahalgam terror attacks, accusing them of lowering the morale of the armed forces. He further slammed the Congress for claiming credit for the government's announcement of the caste census and said the party never carried out the exercise during its over 60-year stint in power.

Oppn questions 'US-brokered' ceasefire; BJP hails Modi

Oppn questions 'US-brokered' ceasefire; BJP hails Modi

Rediff.com10 May 2025

Hours after, however, firing from the Pakistani side was reported in Akhnoor sector in Jammu and Kashmir. Drones were also seen in the Pir Panjal area.

IL&FS dispenses Rs 45,281 cr debt to lenders

IL&FS dispenses Rs 45,281 cr debt to lenders

Rediff.com7 Apr 2025

The debt-ridden IL&FS group has discharged Rs 45,281 crore to its creditors as of March 2025, completing the resolution of its 197 entities, according to the latest status report affidavit filed before the insolvency appellate tribunal NCLAT. This is 18.9 per cent higher than Rs 38,082 crore, the amount of debt that stood resolved from the last status report filed by IL&FS six months before on October 28, 2024.

Tighter norms, rising compliance failures driving scrutiny for startups

Tighter norms, rising compliance failures driving scrutiny for startups

Rediff.com24 Apr 2025

Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.

Why Manoj Kumar Stopped Making Movies

Why Manoj Kumar Stopped Making Movies

Rediff.com4 Apr 2025

'I am not a greedy film person, even as an actor.' 'While my contemporaries Dharmendra and Shashi Kapoor acted in nearly 300 films each, I've done hardly 35 films in my entire career.'

Kho Kho at the Olympics?

Kho Kho at the Olympics?

Rediff.com22 Jan 2025

Mansukh Mandaviya pitches for kho kho's inclusion in Asian Games, 2036 Olympics

Archie and friends celebrate Holi in new comic book

Archie and friends celebrate Holi in new comic book

Rediff.com14 Mar 2025

Archie Comics has released a new story featuring the celebration of Holi in India. The 10-page story, titled "Celebration Surprise," appears in "The World of Betty & Veronica digest #38." Co-CEO of Archie Comic Publications Nancy Silberkleit said the story was inspired by her own experiences celebrating Holi in India and her desire to celebrate Om Arora, the owner of Delhi-based Variety Book Depot, who has been a long-time distributor of Archie Comics in India.

'No Woman Feels Safe In Maharashtra And India Today'

'No Woman Feels Safe In Maharashtra And India Today'

Rediff.com11 Mar 2025

'Cases of molestation and rape are reaching the doorstep of households irrespective of their socio-economic status. That's the extent to which criminals are feeling emboldened today.'

'Balasaheb Thackeray Never Gave Up'

'Balasaheb Thackeray Never Gave Up'

Rediff.com23 Jan 2025

'In Independent India's politics you will not find any leader of a political party who has not contested elections or not held a powerful post.' 'It was only Balasaheb who never contested elections or held a post.' On the occasion of Balasaheb Thackeray's 99th birth anniversary, close aide Subhash Desai recalls vignettes about the Shiv Sena founder.

You Can Be Deported From The US If..

You Can Be Deported From The US If..

Rediff.com3 Apr 2025

Universities and immigration authorities take student conduct seriously. Behaviour that is deemed unacceptable or dangerous can lead to legal consequences, including deportation, warns Dr Pananjay Tiwari, founder and director, Impel Overseas Education.

Salvaging Marx From The 'Marxists'

Salvaging Marx From The 'Marxists'

Rediff.com15 Mar 2025

'If we truly wish to understand and apply Marx's insights today, we must reject the rigid dogmas that later 'Marxists' imposed in his name.'

The Scotsman Who Loves India

The Scotsman Who Loves India

Rediff.com18 Apr 2025

'You have to separate the concept of India as a nation State which is very young and the Upanishadic wisdom which is timeless.'

Raj Kapoor@100: The Showman Special Quiz

Raj Kapoor@100: The Showman Special Quiz

Rediff.com12 Dec 2024

Sukanya Verma quizzes you to find out just how much you know about the movies.

Loan granted to credit card holder is exempt from IGST: Calcutta HC

Loan granted to credit card holder is exempt from IGST: Calcutta HC

Rediff.com1 Aug 2023

The interest charged on an inter-state loan given to a credit card holder without the use of a plastic card would not be subject to the integrated goods and services tax (IGST), a two-judge bench of the Calcutta high court has ruled. In this connection, it recently set aside a ruling by a single judge of the high court. The issue was a loan of Rs 650,000 granted by Citi Bank with an EMI of Rs 58,056 for 12 months and inclusive of integrated GST (IGST) on each installment of interest.

Gandhi And Bose: A Complex Partnership

Gandhi And Bose: A Complex Partnership

Rediff.com23 Jan 2025

The two leaders had a complex relationship yet formed a partnership and even after their parting of ways, the two admired each other in their efforts for India's freedom.

Nirmalaji Releases The Nuclear Genie

Nirmalaji Releases The Nuclear Genie

Rediff.com3 Feb 2025

'If the BJP detoxifies the nuclear liability law, it will bring economic, environmental and, most of all, strategic benefits.' 'Let's keep our fingers crossed and hope that this Budget promise is met soon -- ideally, before Mr Modi heads to his first meeting with Trump 2.0,' observes Shekhar Gupta.

RBI, Always Watchful, Always Vigilant

RBI, Always Watchful, Always Vigilant

Rediff.com2 Jan 2025

The RBI has changed the way it approached supervision in the past. Having seen a couple of collapses in the NBFC sector and the near-collapse of a few banks, it is focusing on regular drills to prevent a fire from breaking out, explains Tamal Bandyopadhyay.