News for 'personal finance issues'

Why can't Centre call all-party meet on 'serious issue' of freebies, asks SC

Why can't Centre call all-party meet on 'serious issue' of freebies, asks SC

Rediff.com24 Aug 2022

The Supreme Court on Wednesday said there must be a "debate" on the "serious" issue relating to the practice of political parties promising freebies and asked why cannot the Centre call for an all-party meeting on it.

Shinde is calling the shots now, not Ajit Pawar: Sena minister

Shinde is calling the shots now, not Ajit Pawar: Sena minister

Rediff.com14 Jul 2023

Pawar, who joined the Shinde government earlier this month, was allocated the same portfolio once again, raising questions as to how the Sena MLAs react.

Why South India Is Unhappy With Modi

Why South India Is Unhappy With Modi

Rediff.com20 Feb 2024

On one hand, South Indian states have been complaining about denial of a proportionate portion of the sharable funds from the Centre, based on population. On the other hand, they stand to lose Lok Sabha and Rajya Sabha seats that again are based on population, points out N Sathiya Moorthy.

Wage Pact: Will Bankers Make More Money?

Wage Pact: Will Bankers Make More Money?

Rediff.com2 May 2024

Postings to places at an altitude above 1,000 metres but less than 1,500 metres, between 1,500 and 3,000 metres, and above 3,000 metres entail different rates of allowances -- the higher the location, the bigger the allowance, reveals Tamal Bandyopadhyay.

Kejriwal wins trust vote, says no AAP MLA has defected

Kejriwal wins trust vote, says no AAP MLA has defected

Rediff.com17 Feb 2024

Kejriwal, who is also the national convener of the AAP, won the confidence motion with the support of 54 MLAs and said no legislator of his party defected.

'We Had A Tom And Jerry Relationship'

'We Had A Tom And Jerry Relationship'

Rediff.com6 May 2024

'I believed that no matter what happened, I would be there to take care of him.' 'He believed it too and even when he fell ill, he had total faith in me, ki main sab theek kar doongi.' 'I tried, I really tried, but I fell short and he went away.'

'If there's one person who should quit, it is Jaitley'

'If there's one person who should quit, it is Jaitley'

Rediff.com5 Nov 2018

'The finance minister has messed up the economy.'

Lessons To Be Learnt From Nitin Desai's Death

Lessons To Be Learnt From Nitin Desai's Death

Rediff.com25 Aug 2023

We must stop stigmatising business failures. Particularly when startups are mushrooming all around, the financial system, backed by the RBI and the government, can explore ways of extending support to restart the journey of a failed entrepreneur by finance as well as counselling, recommends Tamal Bandyopadhyay.

Modi Is Being Outnumbered And Out-Rallied

Modi Is Being Outnumbered And Out-Rallied

Rediff.com30 Apr 2024

This time Modi has no emotive message to take to the stump. Muscular nationalism doesn't work against the backdrop of China's successive inroads into Indian territory. Rising prices is a sore point that cuts across class and caste barriers; unprecedented levels of unemployment has the youth in a ferment. This has reduced the BJP campaign to a laundry list of recycled grievances and thinly veiled communal appeals, neither of which are working as well as they have in the past, argues Prem Panicker.

Banks get 8 months to effect TCS on international credit card spend

Banks get 8 months to effect TCS on international credit card spend

Rediff.com31 Jul 2023

The central government has given banks and credit card entities six to eight months to put in place the requisite reporting mechanism and related features to collect tax at source on international credit card transactions, a senior bureaucrat told Business Standard. According to the bureaucrat, the plan to bring overseas credit cards under the Liberalised Remittance Scheme (LRS) has not been mothballed and is simply being deferred so that banks get adequate time to get the system up and running. The official expects the reporting mechanism to be ready in the given time, and the rule could be implemented in the next financial year (2024-25, or FY25).

'Manthan Never Looked As Good As It Does Now'

'Manthan Never Looked As Good As It Does Now'

Rediff.com15 May 2024

'The problems that the film explores still remain. It was a different time when we made the film. We were young and we thought we could change the world.'

Gandhigiri To Recover Bad Loans

Gandhigiri To Recover Bad Loans

Rediff.com21 Nov 2023

Every defaulter is not a wilful defaulter who has the capability of paying back and is yet not servicing the bank loan, observes Tamal Bandyopadhyay.

SC to examine if its 2022 PMLA verdict needs revision

SC to examine if its 2022 PMLA verdict needs revision

Rediff.com18 Oct 2023

The Supreme Court said on Wednesday it will examine whether its 2022 verdict upholding the Enforcement Directorate's (ED) powers to arrest and attach property involved in money laundering under PMLA required any reconsideration.

'Democracy is at risk, its pillars are getting weakened'

'Democracy is at risk, its pillars are getting weakened'

Rediff.com30 Oct 2023

'I wonder how people who come to power through democratic means turn out this way.' 'But people of India are strong, and those who think they can hoodwink people, are mistaken.' 'You can fool some people for some time, but not all people, all the time.'

Amid strained ties, Trudeau joins G-20 meet; and says...

Amid strained ties, Trudeau joins G-20 meet; and says...

Rediff.com23 Nov 2023

Canadian Prime Minister Justin Trudeau highlighted the importance of coordinated G20 leadership and action to uphold the rule of law and international law and strengthen democratic systems, as he participated in a virtual G20 Leaders' Summit hosted by India.

'Kerala CM, ministers shameless': Guv steps up attack

'Kerala CM, ministers shameless': Guv steps up attack

Rediff.com13 Dec 2023

The Governor and the ruling LDF in the state have been at loggerheads since the Supreme Court verdict quashing the reappointment of Gopinath Ravindran as VC of Kannur University and berating the Left government for its "unwarranted intervention" in the matter.

More Freebies In The Interim Budget?

More Freebies In The Interim Budget?

Rediff.com15 Dec 2023

The rising goods and services tax (GST) and personal income-tax collections may bolster the Narendra Modi government's ability to announce new schemes or enhance existing ones.

24 die at Maha hospital in 1 day, including 12 infants

24 die at Maha hospital in 1 day, including 12 infants

Rediff.com2 Oct 2023

Twenty-four deaths, including that of 12 infants, have been reported in the last 24 hours in a government hospital in Nanded, a top Maharashtra health official said on Monday.

'MSME, gold will grow faster than any other segment'

'MSME, gold will grow faster than any other segment'

Rediff.com10 Apr 2023

'The market has picked up for commercial vehicles. We are very close to pre-pandemic levels.'

When Pranab said, Sonia will not make me PM

When Pranab said, Sonia will not make me PM

Rediff.com6 Dec 2023

"No, she will not make me the PM," was Dr Pranab Mukherjee's cryptic response in a reference to Sonia Gandhi when he was asked by his daughter Sharmistha Mukherjee about his chances of becoming the prime minister in 2004.

What Does Ranjan Pai's Re-Entry Mean For Byju's?

What Does Ranjan Pai's Re-Entry Mean For Byju's?

Rediff.com1 Dec 2023

'Considering Pai is putting his own personal money in Byju's, stakeholders in the company can look forward to more governance and transparency.'

'You can't compare Modi and Dr Singh'

'You can't compare Modi and Dr Singh'

Rediff.com21 Feb 2024

'The sense of Constitutional propriety and political morality seems to be vanishing fast.' 'There are many things in today's politics of governance which Manmohan Singh would have never dreamt of saying or doing.'

If Nitish is made INDIA convenor...: Tejashwi

If Nitish is made INDIA convenor...: Tejashwi

Rediff.com3 Jan 2024

Bihar Chief Minister Nitish Kumar was an experienced leader and it would be great if a proposal came to make him the convenor of the Indian National Developmental Inclusive Alliance (INDIA), his deputy Tejashwi Yadav said on Wednesday.

What Pranab Da Thought About Sonia Gandhi

What Pranab Da Thought About Sonia Gandhi

Rediff.com9 Dec 2023

Pranab's earlier fear of Sonia relying too heavily on a coterie due to her lack of experience turned out to be unfounded. As per Pranab, Sonia had her close advisers but she did not follow anyone's advice blindly. A fascinating excerpt from Sharmistha Mukherjee's Pranab, My Father: A Daughter Remembers.

Nitin Patel gets finance after Shah intervenes; assumes charge

Nitin Patel gets finance after Shah intervenes; assumes charge

Rediff.com31 Dec 2017

Rupani announced in Gandhinagar that the finance portfolio had been given to Patel and that the issue was over now.

'Investors shouldn't get into a waiting game'

'Investors shouldn't get into a waiting game'

Rediff.com23 Jan 2024

'Sell part of your portfolio where you're making good money, especially in small caps and mid caps.' 'The money which you take home is yours. The money which is there on paper is not yours.

Insurance policies with premiums over Rs 5 lakh to be taxable

Insurance policies with premiums over Rs 5 lakh to be taxable

Rediff.com1 Feb 2023

This will not affect the tax exemption provided to the amount received on the death of a person insured. It will also not affect insurance policies issued till March 31, 2023

Electoral bonds: Can India be democracy if..., asks SC

Electoral bonds: Can India be democracy if..., asks SC

Rediff.com15 Feb 2024

Democracy does not begin and end with elections and the integrity of election process is pivotal for sustaining the democratic form of government, the Supreme Court said on Thursday while striking down as unconstitutional the electoral bonds scheme for political funding.

India's Top Social Media Influencers

India's Top Social Media Influencers

Rediff.com3 Jan 2024

In a nation of 1.4 billion people, where a potential new creator is born every second, we pick 25 influencers who have ruled social media this year.

Expert panel to look into Kerala varsity stampede that claimed 4 lives: Govt

Expert panel to look into Kerala varsity stampede that claimed 4 lives: Govt

Rediff.com26 Nov 2023

State higher education minister R Bindhu has directed a three-member team, comprising the principal secretary of higher education, and Cochin University's vice-chancellor and registrar, to inquire into the stampede incident, an official release said.

'I failed 2 start-ups and lost Rs 2 crores. Pls help'

'I failed 2 start-ups and lost Rs 2 crores. Pls help'

Rediff.com22 Nov 2023

rediffGURU Chandu Nair advises entrepreneurs and enterprises about how to create and build their business.

Caste Is Missing In Prohibition Debates

Caste Is Missing In Prohibition Debates

Rediff.com5 Feb 2024

The point made by sociologist M N Srinivas, that it represented a Sanskritic act that was linked to caste, is never raised in Indian debates and the disapproval of drink is almost universal, notes Aakar Patel.

PAN to be invalid if not linked with Aadhaar by March 2023

PAN to be invalid if not linked with Aadhaar by March 2023

Rediff.com24 Dec 2022

The Income Tax department Saturday issued an advisory that those permanent account numbers (PAN) which are not linked with Aadhaar by the end of March next year will be rendered "inoperative". "What is mandatory, is necessary. Don't delay, link it today!" the department said in a public advisory. "As per Income-tax Act, 1961, it is mandatory for all PAN holders, who do not fall under the exempt category, to link their PAN with Aadhaar before 31.3.2023. From 1.04.2023, the unlinked PAN shall become inoperative," it said.

Want To Invest Money For Your Parents?

Want To Invest Money For Your Parents?

Rediff.com9 Jun 2023

Senior citizens should avoid putting their entire retirement corpus in SCSS.

RBI may introduce CBDC in call money market soon

RBI may introduce CBDC in call money market soon

Rediff.com5 Sep 2023

The Reserve Bank is planning to extend wholesale Central Bank Digital Currency (CBDC) for transactions for interbank borrowing or call money market, sources said on Tuesday. The pilot in the wholesale segment, known as the Digital Rupee -Wholesale (e-W), was launched on November 1, 2022, with the use case being limited to the settlement of secondary market transactions in government securities. "RBI is now planning to go into the interbank borrowing market.

Future of digital payments in India

Future of digital payments in India

Rediff.com20 Mar 2024

'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'

Women Must Have Cover 10 Times Their Income

Women Must Have Cover 10 Times Their Income

Rediff.com20 Jun 2023

'If something unfortunate happens to an earning member, the family loses the crucial income which would have gone towards paying off debts, meeting the cost of children's higher education, or towards the upkeep of elderly parents.'

Elgar accused Vernon Gonsalves, Arun Ferreira walk out of jail

Elgar accused Vernon Gonsalves, Arun Ferreira walk out of jail

Rediff.com5 Aug 2023

The apex court on July 28 granted bail to the two accused, noting that the actual involvement of Gonsalves and Ferreira in any terrorist act has not surfaced from any third-party communications.

How To Make Banks Treat Customers Fairly

How To Make Banks Treat Customers Fairly

Rediff.com10 Apr 2023

Nobody is held accountable for lapses, no matter how badly it affects the person or business whose accounts are frozen. Nor is there compensation for losses. Most people get to know their accounts are blocked only when a cheque bounces, points out Debashis Basu.

It's Raining Bharat Ratnas!

It's Raining Bharat Ratnas!

Rediff.com14 Feb 2024

In the 76 years since India gained independence, 53 recipients of the Bharat Ratna have been there. That's less than one every year, which is a healthy ratio given there is the sanctity of this gem of an award to preserve. But four recipients for the year were announced in a few days in addition to one announced earlier. That took the total number in 2024 to five in less than a month, the highest for any year, post-Independence, notes Shyam G Menon.