News for 'national financial reporting authority'

Modi's 7 years: Lost Opportunity for India

Modi's 7 years: Lost Opportunity for India

Rediff.com24 Jun 2021

Seven years is a long time for any of Modi's promised actions to show up. If voters are angry and cynical today, it is because the rhetoric stings, argues Ramesh Menon.

Bigger firms scoop up more market share during Covid-19 pandemic

Bigger firms scoop up more market share during Covid-19 pandemic

Rediff.com28 Jul 2021

Top companies have grabbed a bigger pie of their sectors in the pandemic period, leading to a further rise in market concentration in many industries as measured by the Herfindahl-Hirschman Index (HHI). The HHI score, which indicates competitive intensity in an industry (or a lack of it), reached a new high in FY21 as bigger firms raised their revenue market shares either organically or through mergers and acquisitions. A higher HHI score indicates a rise in market concentration in favour of a few firms while a lower score means that the industry's revenue is more evenly divided among many companies

ASK ANU: 'Husband confused if he's gay'

ASK ANU: 'Husband confused if he's gay'

Rediff.com22 Jul 2022

In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.

SC directs states to provide dry ration to sex workers

SC directs states to provide dry ration to sex workers

Rediff.com28 Oct 2020

A bench headed by Justice L Nageswara Rao directed the state governments to get help from the National AIDS Control Organisation (NACO) and legal services authorities to identify sex workers and maintain confidentiality pertaining to the identity of sex workers.

IL&FS board readies turnaround plan

IL&FS board readies turnaround plan

Rediff.com23 Oct 2018

JM Financial Consultants, Arpwood Capital and Alvarez & Marsal will advise the board going forward

ED files money laundering case against Tablighi Jamaat leader

ED files money laundering case against Tablighi Jamaat leader

Rediff.com16 Apr 2020

The Delhi Police's crime branch had, on March 31, lodged an FIR against seven people, including the cleric, on a complaint by station house officer of Nizamuddin police station for holding a congregation of Tablighi Jamaat followers in alleged violation of the orders against large gatherings to contain the spread of coronavirus.

3 Indians plead guilty to student visa fraud charges in US

3 Indians plead guilty to student visa fraud charges in US

Rediff.com1 May 2015

Three Indians have pleaded guilty to criminal charges of conspiring to commit student visa and financial aid fraud through a for-profit school they ran and agreed to forfeit over USD eight million to federal authorities.

Pak-India ties: One step forward, two steps backward

Pak-India ties: One step forward, two steps backward

Rediff.com23 Dec 2021

So far, almost every positive development in terms of the bilateral ties has been overtaken by innate hostility that is often driven by popular sentiments.

What Rise In Interest Rates Means For Banks

What Rise In Interest Rates Means For Banks

Rediff.com9 Jun 2022

With the rise in interest rates, bond yields have been on the rise; this will dent banks' treasury profits. Also, many retail borrowers may find it difficult to service their loans when the loan rates rise, points out Tamal Bandyopadhyay.

FinMin declines to share details on black money probe

FinMin declines to share details on black money probe

Rediff.com9 Dec 2014

Citing national security and confidentiality clauses, the Finance Ministry has declined to disclose information on exchange of correspondence among India, Swiss and German authorities in connection with the black money probe.

'Under him, the RBI delivered strong, timely, and decisive policy initiatives'

'Under him, the RBI delivered strong, timely, and decisive policy initiatives'

Rediff.com2 Jan 2021

Economists praise Das for his pragmatism and willingness to face challenges head on. And in doing so with the finesse of an able administrator.

How Banks SURPRISED India

How Banks SURPRISED India

Rediff.com2 Sep 2021

If the earnings in the first quarter of the current financial year are an indication, most banks, particularly those majority-owned by the government, have fared well, reveals Tamal Bandyopadhyay.

What Awaits Rajapaksas After Monday's Mayhem?

What Awaits Rajapaksas After Monday's Mayhem?

Rediff.com10 May 2022

Gota has to decide if he could order elder brother Mahinda's arrest as the agent provocateur of Monday's violence. Then he has to prepare for an interim government, in which no one would now want to become a cabinet minister leave alone prime minister, explains N Sathiya Moorthy.

Can you let people die like this? SC flays states over pollution

Can you let people die like this? SC flays states over pollution

Rediff.com6 Nov 2019

"We have to make government responsible for this," the bench said and asked, "Why can't govt machinery stop stubble burning?"

Political parties out of purview of RTI: Election Commission

Political parties out of purview of RTI: Election Commission

Rediff.com27 May 2018

The order is is contrary to the Central Information Commission's directive bringing six national parties under the transparency law.

Banks Made Profits of Rs 1.57 Trillion!

Banks Made Profits of Rs 1.57 Trillion!

Rediff.com13 Sep 2022

If the banks throw caution to the winds for building loan books, the hydra-headed bad loans may resurface and spoil the party, warns Tamal Bandyopadhyay.

PNB scam: UK court rejects Nirav Modi's latest bail attempt

PNB scam: UK court rejects Nirav Modi's latest bail attempt

Rediff.com26 Oct 2020

The 49-year-old jeweller, fighting extradition to India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank scam case, has made around six previous attempts at bail at the magistrates' court as well as at the high court level.

Trump signs new order targeting North Korea's trade partners

Trump signs new order targeting North Korea's trade partners

Rediff.com21 Sep 2017

He praised the "very bold move" taken by China's central bank to stop financial transactions with North Korea.

Why is RBI allergic to 55-year-old bankers?

Why is RBI allergic to 55-year-old bankers?

Rediff.com6 Oct 2020

Is the RBI unable to accept with grace that beyond 55, one can have the ability to head the compliance functions in a bank, asks Tamal Bandyopadhyay.

Migrants must not bear cost of Covid: Centre to states

Migrants must not bear cost of Covid: Centre to states

Rediff.com12 Sep 2020

Labour ministry guidelines say workers returning to cities must get housing, health insurance, facemasks. The Centre has also asked states to issue guidelines to employers to take care of the needs of migrant workers.

'Bear market' reviving in Google searches

'Bear market' reviving in Google searches

Rediff.com28 Oct 2014

Average monthly searches for 'bull market' have gone down significantly from May-June peak.

Tata may get Air India, but...

Tata may get Air India, but...

Rediff.com7 Oct 2021

The Tatas are rather overwhelmed with some facets of the airline they have discovered, but even more unnerved by what they may not have yet uncovered, reveals Anjuli Bhargava.

PCI sacks its president, contemplates criminal case

PCI sacks its president, contemplates criminal case

Rediff.com7 Apr 2015

The Paralympics Committee of India (PCI) has sacked its president Rajesh Tomar for the gross mismanagement at the recent National Para-Athletics Championship in Ghaziabad, where athletes suffered due to lack of proper facilities.

Back to the wall, will Choksi still manage to pull off a trick or two?

Back to the wall, will Choksi still manage to pull off a trick or two?

Rediff.com12 Jun 2021

Given how everything has played out, Mehul Choksi, now 62, achieved all that he wanted but for all the wrong reasons, says Pavan Lall.

A Professor Left to Rot in Jail

A Professor Left to Rot in Jail

Rediff.com16 Jul 2020

'People accused of mass murder and worse are let out on medical grounds.' 'Saibaba is now 100% handicapped, and has committed no murder, yet he is not allowed to come out.'

How did Pandemic Affect Bank Deposits?

How did Pandemic Affect Bank Deposits?

Rediff.com27 Aug 2021

The correlation between withdrawal of deposits and the Covid death rate is stark, reveals Tamal Bandyopadhyay.

Who will buy Citi's consumer business?

Who will buy Citi's consumer business?

Rediff.com24 May 2021

The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay.

Bharat Biotech plans to supply 90 million Covaxin doses a month by Dec

Bharat Biotech plans to supply 90 million Covaxin doses a month by Dec

Rediff.com30 Sep 2021

In September, Bharat Biotech aimed to supply 35 million doses, and take this up to 55 million by October. This is still less than what the Indian government expects from the company.

PIA's crashed plane last checked 2 months ago

PIA's crashed plane last checked 2 months ago

Rediff.com23 May 2020

Ninety-seven people, including nine children, were killed and two passengers miraculously survived the fiery crash when the PIA flight PK-8303 with 99 travellers on board plunged into a densely populated residential area near the airport here.

SARC & Associates appointed as auditors of PM CARES Fund

SARC & Associates appointed as auditors of PM CARES Fund

Rediff.com13 Jun 2020

The firm, headed by Sunil Kumar Gupta, was appointed auditors of the PM's National Relief Fund in 2019, reports Archis Mohan

India, US sign FATCA to fight tax evasion

India, US sign FATCA to fight tax evasion

Rediff.com9 Jul 2015

FATCA will facilitate flow of financial information between countries.

Budget 2020: Farm experts pitch for scrapping GST on agri-inputs

Budget 2020: Farm experts pitch for scrapping GST on agri-inputs

Rediff.com18 Dec 2019

Bharat Krishak Samaj demanded that the Pradhan Mantri Fasal Bima Yojana should be replaced with a new crop insurance and compensation scheme.

Will eat grass but raise Pakistan Army budget: Akhtar

Will eat grass but raise Pakistan Army budget: Akhtar

Rediff.com7 Aug 2020

The 'Rawalpindi Express', considered the fastest bowler in history said he does not understand why the civilian sector cannot work in collaboration with the Armed forces.

Will RBI's rate cut force banks to lend?

Will RBI's rate cut force banks to lend?

Rediff.com28 Apr 2020

'One way of doing this could be offering credit guarantee to the banks, say 10 per cent, for fresh loans given to micro, small and medium enterprises,' observes Tamal Bandyopadhyay.

Why Xi Jinping 'fixed' Jack Ma

Why Xi Jinping 'fixed' Jack Ma

Rediff.com18 Jan 2021

Alibaba's pervasive economic and social influence in China is seen as a threat to the authority of the Chinese Communist party, notes Shyam Saran.

COVID-hit economy to contract 7.7% in 2020-21

COVID-hit economy to contract 7.7% in 2020-21

Rediff.com7 Jan 2021

India's GDP is estimated to contract by a record 7.7 per cent during 2020-21 as the COVID-19 pandemic severely hit the key manufacturing and services segments, as per government projections released on Thursday. Amid overall decline in economic activities, some respite was provided by the agriculture sector and utility services like power and gas supply, which have been projected to post positive growth during the current fiscal ending March 2021.

Govt fast-tracks bill to seize assets of defaulters fleeing India

Govt fast-tracks bill to seize assets of defaulters fleeing India

Rediff.com27 Feb 2018

Currently, confiscation can be done through multiple laws, but it is a complicated process.

Order inflows: Where did this Rs 2.67 trillion go?

Order inflows: Where did this Rs 2.67 trillion go?

Rediff.com1 Jan 2019

Over 93% of the orders in the year came from the central and state governments, PSUs, and NHAI.

No action against firms for non-payment of wages during lockdown: SC

No action against firms for non-payment of wages during lockdown: SC

Rediff.com12 Jun 2020

A bench of Justices Ashok Bhushan, Sanjay Kishan Kaul and M R Shah said industries and employees need each other and they should sit together to arrive at a settlement on the issue of payment of wages.

India has Reason To Worry about Taliban

India has Reason To Worry about Taliban

Rediff.com23 Sep 2021

India is worried about Pakistan getting the Taliban to ignite trouble in Kashmir, observes Ramesh Menon.