News for 'payment systems act'

Banks will now be encouraged to extend long-term loans

Banks will now be encouraged to extend long-term loans

Rediff.com11 Jul 2014

Banks to be permitted to raise long-term funds for lending to infrastructure sector with minimum regulatory pre-emption such as CRR, SLR and Priority Sector Lending.

All eyes on Election Commission in RK Nagar bypoll

All eyes on Election Commission in RK Nagar bypoll

Rediff.com6 Apr 2017

Will the EC would make an example of the RK Nagar by-election, either by ensuring free and fair polls or by countermanding the same, asks N Sathiya Moorthy.

Will SpiceJet live to fight another day?

Will SpiceJet live to fight another day?

Rediff.com14 May 2015

The airline re-built the flight schedule and refunded passengers.

Real Estate: Boost to REITs and affordable housing

Real Estate: Boost to REITs and affordable housing

Rediff.com29 Feb 2016

The industry status will help the sector access bank lending at average interest rates

Tax net: Foreign portfolio investors caught in a bind

Tax net: Foreign portfolio investors caught in a bind

Rediff.com6 Feb 2015

At least 200 investors have to furnish financial statements

Oil & gas sectors seek infrastructure status

Oil & gas sectors seek infrastructure status

Rediff.com24 Feb 2015

Re-instatement of 5% custom duty on crude imports will help.

The steam has run out

The steam has run out

Rediff.com13 Jun 2017

It is too late in the government's term for it to pull its usual trick of blaming the last guys.

We need a Sudarshan Chakra for PSB revival

We need a Sudarshan Chakra for PSB revival

Rediff.com27 Nov 2017

'Every few days, I wake up with a sense of restlessness that time is running out'... 'We have created a due process for stressed assets to resolve, but there is no concrete plan in place for public sector bank balance sheets,' says RBI Deputy Governor Viral Acharya.

Pill for thought: Sweetheart deals that hurt consumers

Pill for thought: Sweetheart deals that hurt consumers

Rediff.com16 Sep 2014

'Pay-for-delay' settlements between drug patent-holders and generics manufacturers to delay the launch of cheaper generic medicine are increasingly being scrutinised by antitrust regulators

'Great risk to nations from undermining independence of central bank'

'Great risk to nations from undermining independence of central bank'

Rediff.com28 Oct 2018

'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.

Will penalty end the problem of call drops?

Will penalty end the problem of call drops?

Rediff.com23 Oct 2015

A daily ceiling of Rs 3 translates into maximum annual penalty of Rs 1,095 for every subscriber.

Rail bribery case: Call records show accused hatched plan

Rail bribery case: Call records show accused hatched plan

Rediff.com4 Jul 2013

Intercepted call records have shown that the accused in the Rs.10 crore cash-for-post railway bribery scam had hatched a conspiracy and held several meetings to fulfil their objective, the Central bureau of Investigation said.

'As a nation we don't learn lessons from our past'

'As a nation we don't learn lessons from our past'

Rediff.com28 Apr 2015

'Communal killings take place routinely in our country and yet we don't ever convict the offenders.' 'The riots of 1993 and 2002 would not have happened if justice was given to the 1984 Delhi riot victims.'

'Goods transport agency exempt from GST registration'

'Goods transport agency exempt from GST registration'

Rediff.com6 Jul 2017

R Vignesh is a member of the Institute of Cost and Management Accountants of India in Chennai, appeared on Rediff Chat to answer readers' queries on GST.

After Rahul Gandhi, Congress hacked on Twitter, government investigates

After Rahul Gandhi, Congress hacked on Twitter, government investigates

Rediff.com1 Dec 2016

The ministry of electronics and IT has started probe into hacking of Congress vice president Rahul Gandhi's official Twitter account.

This is Moody's advice for Modi

This is Moody's advice for Modi

Rediff.com8 Dec 2017

'We forecast real GDP growth to moderate to 6.7 per cent in the year ending March 2018.' 'However, as disruption fades, we expect to see a rebound in real GDP growth to 7.5 per cent in the next fiscal year.'

How Information revolution differs from Industrial Revolution

How Information revolution differs from Industrial Revolution

Rediff.com25 Oct 2016

There is mounting evidence that the Information Revolution may mean the end of large-scale vertically integrated businesses whose guiding principle, "economies of scale", was the defining miracle of the Industrial Age.

PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10

PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10

Rediff.com14 Feb 2018

While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.

Domestic workers need more protection in India

Domestic workers need more protection in India

Rediff.com23 Dec 2013

From mistreatment, sexual harassment to low wages, domestic workers are in a poor state in India with hardly any legal protections, says Neeta Kolhatkar.

India's coolie economy

India's coolie economy

Rediff.com30 Oct 2015

The government must undo the damage inflicted by the flawed policies of globalisation, and India should be converted into a country where entrepreneurs can thrive and the entire population can participate in the economy, says Arvind Kumar.

'Nobody can find fault with Modi's execution skills'

'Nobody can find fault with Modi's execution skills'

Rediff.com20 Feb 2015

Aditya Puri thinks the government is on track.

Four takeaways from Lok Sabha's Lalitgate debate

Four takeaways from Lok Sabha's Lalitgate debate

Rediff.com13 Aug 2015

'One won't find a lawyer in any court in the country willing to believe that a talented lawyer like Bansuri Swaraj would appear in a case for free, that too in a metropolis like Delhi.' These and other Sheela Bhatt takeways from the August 12 proceedings in the Lok Sabha.

Jan Dhan Yojana: Many questions remain

Jan Dhan Yojana: Many questions remain

Rediff.com30 Aug 2014

Against National Democratic Alliance's 75 million target, United Progressive Alliance added 61 million in 2013-14.

Of Welspun, Cyprus and the FEMA conundrum

Of Welspun, Cyprus and the FEMA conundrum

Rediff.com9 Mar 2015

The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.

Modi has been let down by bureaucracy

Modi has been let down by bureaucracy

Rediff.com28 Nov 2016

'The experience so far is a shocking example of how critical scheme of national importance can be brought into disrepute by inefficient and badly designed implementation,' says Dr Madhav Godbole, the former Union home secretary.

Three years of Modi govt: Garib kalyan on fast track

Three years of Modi govt: Garib kalyan on fast track

Rediff.com22 May 2017

Fiscal discipline has been maintained but toxic assets worth Rs 7 crore are a massive headache

Islamic State opens bank, moves towards statehood

Islamic State opens bank, moves towards statehood

Rediff.com9 Jan 2015

Any attempt to defang Islamic State must first cut off its main sources of funding, especially its revenue from oil sales, extortion and crime, ransom payments, and support from foreign donors. This will also be need to be backed up by efficient forces on the ground.

'For better growth figures, we need healthier banks'

'For better growth figures, we need healthier banks'

Rediff.com16 May 2016

Arun Jaitley interview.

China unveils boldest reforms in decades, shows Xi in command

China unveils boldest reforms in decades, shows Xi in command

Rediff.com16 Nov 2013

China has relaxed its one-child policy and further freed up markets in order to put the world's second-largest economy on a more stable footing.

'Bandhan should not fall for corporate banking'

'Bandhan should not fall for corporate banking'

Rediff.com13 Jun 2016

Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.

Buy a retirement home five years in advance

Buy a retirement home five years in advance

Rediff.com6 Jul 2015

These homes offer services that help lead a smooth retired life.

Inside the digital war rooms in battleground Bihar

Inside the digital war rooms in battleground Bihar

Rediff.com6 Oct 2015

The election in Bihar will never be the same, reports Aditi Phadnis

Have the lives of young Dalits changed?

Have the lives of young Dalits changed?

Rediff.com3 Apr 2018

'It is very hard to get the police to file a report against someone from an upper caste.' 'Things are so bad that sometimes we have to sit on a dharna with the body of a Dalit victim to get the police to file a complaint.'

Has Posco's Odisha plan finally hit the wall?

Has Posco's Odisha plan finally hit the wall?

Rediff.com31 Mar 2015

The 2,500-hectares lease included both notified and non-notified areas.

How girls are duped into 'bonded labour' in India's textile mills

How girls are duped into 'bonded labour' in India's textile mills

Rediff.com6 Aug 2015

Brands such as Gap, Primark and C&A which source some of their garments from Tamil Nadu say they do regular audits to ensure their suppliers comply with their codes of conduct.

Bullet train faces hurdles down the line

Bullet train faces hurdles down the line

Rediff.com24 Dec 2015

The high-speed train line in a region already well-connected by rail, road and airways may have to struggle to stay viable

After Mars Mission, what is ISRO planning next?

After Mars Mission, what is ISRO planning next?

Rediff.com15 Nov 2014

It has already tasted success with the moon mission and Mangalyaan. Is man in space the next frontier for ISRO?

6 reasons why start-ups succeed

6 reasons why start-ups succeed

Rediff.com13 Aug 2015

A start-up that just focuses on discounting for growth without a balancing effort towards product will soon find itself riding a tiger that's impossible to get off from.

Indian economy is going strong but headwinds prevail

Indian economy is going strong but headwinds prevail

Rediff.com29 Dec 2014

India is set for decent growth in 2015.

Make in India? First, Modi must end tax terrorism

Make in India? First, Modi must end tax terrorism

Rediff.com23 Nov 2014

With wages rapidly rising in China, all is still not lost. Wage costs in India are significantly lower and this fact could still help us turn the tide in our favour.