News for 'misuse of funds'

Now is the time to focus on mid and small-caps

Now is the time to focus on mid and small-caps

Rediff.com13 Jan 2020

Long-term investors should consider moving into smaller stocks. Rather than try to pick stocks, it makes sense to build a diversified portfolio by exposure across midcap and small caps funds, suggests Devangshu Datta.

Why Sebi's new margin pledge norms have rattled brokerages

Why Sebi's new margin pledge norms have rattled brokerages

Rediff.com9 Sep 2020

Several brokers used shares of dormant or inactive clients to provide margins for other more active clients. This prompted Sebi to rework its entire system of pledging.

UPA's Antrix-Devas deal a 'fraud against country', says Sitharaman

UPA's Antrix-Devas deal a 'fraud against country', says Sitharaman

Rediff.com18 Jan 2022

The government will use the Supreme Court order calling the 2005 deal between ISRO's commercial arm Antrix and privately-owned Devas Multimedia a fraud, to counter seizure of its properties, Finance Minister Nirmala Sitharaman said on Tuesday as she launched a blistering attack on the Congress for handing over airwaves used by the defence to the private firm for pittance. "It is a fraud of Congress, by Congress (and) for Congress," the minister told reporters as she read out paragraphs from the Supreme Court's January 17 decision allowing winding up of Devas Multimedia because of the fraud.

Data Bill: Industry experts fear massive implementation hurdles

Data Bill: Industry experts fear massive implementation hurdles

Rediff.com12 Dec 2019

If the Personal Data Protection Bill gets passed in its present form, a new class of companies and entities could emerge. The sole job of these new entities would be to manage the consent for data usage of a user.Banks, healthcare firms and fintech companies, among others, fear that sharing non-personal data with the government may hurt business interests. Banks also fear the threat of data misuse.

Sheila Dikshit moves HC to save herself

Sheila Dikshit moves HC to save herself

Rediff.com3 Sep 2013

Appearing before a bench of Chief Justice N Venkata Ramana and Justice Pradeep Nandrajog, Additional Solicitor General Siddharth Luthra mentioned the plea saying, "There is an urgency in the matter and let it be heard today itself".

Another Nirav Modi-like scam involving BJP's Mohit Kamboj surfaces

Another Nirav Modi-like scam involving BJP's Mohit Kamboj surfaces

Rediff.com18 Jun 2020

CBI has registered a case against general secretary of Mumbai BJP Mohit Kamboj, his jewellery manufacturing firm Avyaan Overseas, its directors, few mid-level bankers and others for alleged diversion of funds by availing fraudulent foreign bills negotiation limit and export packaging credit limit, issued by lender Bank of India between 2013 and 2018.

Punjab announces 300 units free power every month from July 1

Punjab announces 300 units free power every month from July 1

Rediff.com16 Apr 2022

The announcement was made in advertisements published by the state's information and public relations department in various newspapers on Saturday.

Sebi steps up vigil on black money in stock markets

Sebi steps up vigil on black money in stock markets

Rediff.com29 Jul 2015

Sebi has put in place a strong deterrence to check any misuse of participatory notes.

The MLA who gave up his seat for Yogi

The MLA who gave up his seat for Yogi

Rediff.com13 Apr 2022

'If I had earned money as an MLA, I would have been sad to lose my seat.' 'But I have not earned money. Instead, I have earned respect.'

IT Dept detects 'tax evasion worth crores' in raids linked to SP

IT Dept detects 'tax evasion worth crores' in raids linked to SP

Rediff.com21 Dec 2021

The Income Tax Department detected bogus expenditure claims and alleged transfer of share capitals worth crores of rupees through shell companies after it recently raided some entities in Karnataka and Uttar Pradesh, including people linked to the Samajwadi Party.

Time For Stalin To Get Tough With Party, Babus

Time For Stalin To Get Tough With Party, Babus

Rediff.com19 Oct 2022

Tamil Nadu's voters wanted tough leaders at the helm, to the point of being autocratic. It was what Karunanidhi, MGR and Jayalalithaa ended up becoming, observes N Sathiya Moorthy.

4-day week likely for some firms as final rules of labour codes are set

4-day week likely for some firms as final rules of labour codes are set

Rediff.com9 Feb 2021

Working hours cannot go beyond 48. Those who give a four-day week will have to provide three consecutive holidays after that.

Fadnavis made CM to 'protect' Rs 40K-cr, says BJP MP; sparks row

Fadnavis made CM to 'protect' Rs 40K-cr, says BJP MP; sparks row

Rediff.com2 Dec 2019

Fadnavis also dismissed Hegde's claim as 'absolutely wrong' and said nothing of that sort happened.

Avoid keeping large amounts with brokers

Avoid keeping large amounts with brokers

Rediff.com6 Aug 2021

Keep your mobile number and e-mail updated. When you receive the weekly report on cash holdings, check to ensure there is no discrepancy between the amount you have kept with the broker and what the latter has reported, advises Sanjay Kumar Singh.

Why govt's Rs 25,000 cr realty push fails to enthuse most analysts

Why govt's Rs 25,000 cr realty push fails to enthuse most analysts

Rediff.com8 Nov 2019

A recent report by Citi had pegged the total amount stuck in stalled projects across seven major Indian cities (Bengaluru, Mumbai Metropolitan region, National Capital Region, Ahmedabad, Hyderabad, Kolkata and Pune) at Rs 80,000 crore.

Flood relief: Karnataka BJP, Congress in the dock

Flood relief: Karnataka BJP, Congress in the dock

Rediff.com14 Jun 2010

The alleged misappropriation of flood relief funds, which has hit the Bharatiya Janata Party government in Karnataka, has also torched the Opposition Congress party in the state.

Who benefitted most from Pulwama attack, asks Rahul

Who benefitted most from Pulwama attack, asks Rahul

Rediff.com15 Feb 2020

Gandhi asked who in the Bharatiya Janata Party government had been held accountable for the security lapses that allowed the attack.

BCCI needs Ombudsman, Ethics Officer at the earliest: COA to Supreme Court

BCCI needs Ombudsman, Ethics Officer at the earliest: COA to Supreme Court

Rediff.com30 Oct 2018

The Committee of Administrators (COA) wants BCCI to appoint an Ombudsman and an Ethics Officer at the earliest to deal with any disputes leading up to its much-awaited Annual General Meeting and elections.

Wearing black shawls, Trinamool MPs protest outside Parliament

Wearing black shawls, Trinamool MPs protest outside Parliament

Rediff.com15 Dec 2014

Draped in black shawls, Trinamool Congress MPs on Monday staged a protest outside Parliament House against the arrest of West Bengal minister Madan Mitra in the Saradha chit fund case, accusing the Centre of misusing the Central Bureau of Investigation.

Was Nirav Modi tipped off?

Was Nirav Modi tipped off?

Rediff.com7 May 2021

'One cannot avoid speculating whether there was something else at play that led to the uncovering of this saga.'

In 2011, NGOs in India received Rs 10,334 crore from overseas

In 2011, NGOs in India received Rs 10,334 crore from overseas

Rediff.com12 Jun 2014

Who are the NGOs in India with maximum funding in India? Which are the countries funding them? How many NGOs are registered under the law? Vicky Nanjappa finds out.

Mamata vs CBI row washes out Parliament proceedings

Mamata vs CBI row washes out Parliament proceedings

Rediff.com4 Feb 2019

Home Minister Rajnath Singh on Monday said the "unfortunate" and "unprecedented" developments in West Bengal

The man behind the raids on Kejriwal's offices

The man behind the raids on Kejriwal's offices

Rediff.com16 Dec 2015

All you need to know about the case and the man behind the drama that has ensued.

Post note ban, Jan Dhan a/c deposits double to Rs 87K cr

Post note ban, Jan Dhan a/c deposits double to Rs 87K cr

Rediff.com1 Jan 2017

Deposits in Jan Dhan account have more than doubled to Rs 87,000 crore in 45 days post demonetisation, prompting the tax department to "dissect" information relating to such deposits, a top government official said.

How India can curb money laundering activities

How India can curb money laundering activities

Rediff.com28 Oct 2014

Inter-governmental body FATF has come out with elaborate suggestions on ways to prevent misuse of corporate vehicles and on having a risk-based approach for the banking sector to help curb money laundering and terror funding activities.

Should we be afraid of corporates entering banking?

Should we be afraid of corporates entering banking?

Rediff.com10 Dec 2020

If indeed the gate opens for big industrial houses, the RBI needs to be smarter than them and demonstrate it through action, not reaction, observes Tamal Bandyopadhyay.

Affected by Karvy crisis? Read this

Affected by Karvy crisis? Read this

Rediff.com6 Dec 2019

In case of any grievance, file a complaint with Sebi on its SCORES (Sebi Complaints Redress System) web site, suggests Sanjay Kumar Singh.

How to make more out of your MF investments

How to make more out of your MF investments

Rediff.com28 Jun 2018

For investors, every cost-saving means higher returns.

Why the Congress is on the back foot

Why the Congress is on the back foot

Rediff.com8 Jul 2020

'Given that the RGF is a family-controlled trust, why would the Congress defend it every time someone accuses it of wrong-doing?' asks Virendra Kapoor.

Changes likely in tax audit report for charitable trusts

Changes likely in tax audit report for charitable trusts

Rediff.com29 May 2019

The report, floated recently, comes a few days after the government cancelled the registration of Bengaluru-based NGO Infosys Foundation for alleged violation of norms in receiving foreign grants.

Why your take-home salary may rise soon

Why your take-home salary may rise soon

Rediff.com3 Sep 2019

The government wants to reduce the rate of contribution - part of the employee's share - for a class of workers depending upon age, income or gender, without changing the contribution from the employer's share.

CBI raids senior lawyers Indira Jaising, Anand Grover's house

CBI raids senior lawyers Indira Jaising, Anand Grover's house

Rediff.com11 Jul 2019

The Central Bureau of Investigation is conducting searches at the home of Supreme Court lawyer Indira Jaising -- who served as additional solicitor general during UPA 2 -- and the offices of Lawyers Collective, an NGO run by her husband lawyer Anand Grover, officials said.

FIR against Sheila: HC to hear Delhi govt's plea on Feb 26

FIR against Sheila: HC to hear Delhi govt's plea on Feb 26

Rediff.com17 Feb 2014

The Delhi high court on Monday fixed for February 26 the hearing on Kejriwal government's plea to withdraw the appeal of previous Congress dispensation against a lower court order to register an FIR against former Chief Minister Sheila Dikshit in a corruption case.

RBI's curb on current account use may hit private banks

RBI's curb on current account use may hit private banks

Rediff.com11 Aug 2020

Move can also bring a huge change in the way business is done in India, where firms use multiple current accounts, often for even individual projects, making them difficult to monitor.

No reason to deny bank licence to qualified cos: FM

No reason to deny bank licence to qualified cos: FM

Rediff.com30 Jan 2013

Many including IMP oppose allowing industrial houses to set up banks.

'Why Is There No Accountability In The Congress'

'Why Is There No Accountability In The Congress'

Rediff.com8 Apr 2022

'Fixing accountability in the Congress must be addressed on a war footing.' 'It is impossible for Sonia Gandhi to know each and every party worker, so she has to rely on advisors.' 'If they guide or misguide, the blame should go to them.'

Stockbroker, 7 others barred by Sebi for illegally raising Rs 1200cr

Stockbroker, 7 others barred by Sebi for illegally raising Rs 1200cr

Rediff.com6 Sep 2017

Stockbroker Blue Chip Corporation Pvt Ltd (BCCPL), Nitin Rajaram Narke, Pravin B Darawade, Bhavana Chadha, Milestone Investment, Nitin Narke Investment, Blue Cheap Investment and Blue Chip Investment have been prohibited.

Madras HC grants Nalini Chidambaram interim protection from arrest

Madras HC grants Nalini Chidambaram interim protection from arrest

Rediff.com12 Jan 2019

The ED had registered an ECIR (Enforcement Case Information Report) in the matter under the Prevention of Money Laundering Act.

Start-ups wants contentious angel tax proposal scrapped

Start-ups wants contentious angel tax proposal scrapped

Rediff.com13 Feb 2019

Various start-ups have raised concerns on notices sent to them under the Section 56 of Income Tax Act to pay taxes on angel funds received by them.

Congress, BJP tear into Arvind Kejriwal over Hazare's CD

Congress, BJP tear into Arvind Kejriwal over Hazare's CD

Rediff.com20 Nov 2013

The Congress and the Bharatiya Janata Party on Wednesday slammed Aam Aadmi Party leader Arvind Kejriwal after a video, showing anti-corruption crusader Anna Hazare purportedly expressing disappointment over the alleged misuse of funds collected during the Jan Lokpal Bill drive by the AAP, surfaced on Wednesday.