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News for 'personal finance issues'

SC: No evidence against Vernon, Ferreira that says...

SC: No evidence against Vernon, Ferreira that says...

Rediff.com29 Jul 2023

A bench of Justices Aniruddha Bose and Sudhanshu Dhulia said the actual involvement of Gonsalves and Ferreira in any terrorist act has not surfaced from any third-party communications.

China blocks India-US move to blacklist 26/11 terrorist

China blocks India-US move to blacklist 26/11 terrorist

Rediff.com20 Jun 2023

Beijing blocked the proposal that had been moved by the US and co-designated by India to blacklist Mir under the 1267 Al Qaeda Sanctions Committee of the UN Security Council as a global terrorist and subject him to assets freeze, travel ban and arms embargo.

'Kerala faces a very serious Constitutional crisis'

'Kerala faces a very serious Constitutional crisis'

Rediff.com8 Nov 2022

'The administration will come to a standstill because the governor will not cooperate with the finance minister.'

SC okays another extension for ED boss Mishra, till Sep 15 this time

SC okays another extension for ED boss Mishra, till Sep 15 this time

Rediff.com27 Jul 2023

The Supreme Court on Thursday extended the tenure of Enforcement Directorate chief Sanjay Kumar Mishra till September 15 midnight in larger "public and national interest" after the Centre asserted his continuity is necessary in view of the ongoing FATF peer review and attempts by India's neighbours to ensure the country falls in the grey list.

GST evasion: Taxmen get more teeth

GST evasion: Taxmen get more teeth

Rediff.com2 Sep 2022

GST officers can now launch prosecution against offenders in cases where the amount of evasion or misuse of input tax credit is more than Rs 5 crore, the finance ministry has said. However, this monetary threshold will not be applicable in the case of habitual evaders or in cases where arrests have been made at the time of investigation. "One of the important considerations for deciding whether prosecution should be launched is the availability of adequate evidence," the GST investigation wing under the finance ministry said, while issuing instructions for launching prosecution.

Where Will You Invest This Year?

Where Will You Invest This Year?

Rediff.com19 Apr 2023

Avoid discontinuing your SIPs. Persist for at least 7-10 years.

Was Narasimha Rao India's Best Prime Minister?

Was Narasimha Rao India's Best Prime Minister?

Rediff.com22 Aug 2023

'He told senior journalists a few days after the Babri Masjid demolition, 'Jo hua theek hua. Maine isliye hone diya ki BJP ki rajniti hamesha ke liye khatam ho jaye.'

All political parties are in favour of freebies: SC

All political parties are in favour of freebies: SC

Rediff.com23 Aug 2022

The bench said it has to balance the equity and it was not against any policy of the government or the scheme.

ED issues fresh summons to Vijay Mallya

ED issues fresh summons to Vijay Mallya

Rediff.com18 Mar 2016

ED had earlier issued summons to Mallya for "personal appearance" on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).

The scandal that led to Donald Trump's indictment

The scandal that led to Donald Trump's indictment

Rediff.com5 Apr 2023

Trump becomes the first former US president to face a criminal charge.

Debit card usage slow for three years and UPI transactions up 428%

Debit card usage slow for three years and UPI transactions up 428%

Rediff.com11 Sep 2023

Debit card payments remained sluggish due to the surge in digital transactions after the pandemic, and the Unified Payments Interface (UPI) has emerged as the most popular mode of money transfer, particularly for small value transactions, according to RBI data. In July 2020, the total debit card spends stood at Rs 2.81 trillion, as compared to Rs 3.15 trillion in July 2023, reflecting a growth of 11.96 per cent. UPI spends have seen a whopping growth of 428 per cent, zooming from Rs 2.90 trillion to Rs 15.33 trillion during the same period, the data revealed.

Logjam persists in Parliament amid ruckus over Manipur

Logjam persists in Parliament amid ruckus over Manipur

Rediff.com31 Jul 2023

Parliament proceedings were adjourned for the day on Monday following protests by the opposition which has been demanding a statement from Prime Minister Narendra Modi in the House on the Manipur issue. In the Rajya Sabha, the opposition kept insisting on a discussion under Rule 267 of the House.

'If BJP Is Not Re-Elected, Foreign Investors May Sell'

'If BJP Is Not Re-Elected, Foreign Investors May Sell'

Rediff.com15 Jun 2023

'The biggest risk to the Indian markets from a 12-18-month view is that the current government does not get re-elected, or loses in a way that is not represented at all in the next central government.'

Centre gives nod to Delhi minister Atishi for UK visit

Centre gives nod to Delhi minister Atishi for UK visit

Rediff.com7 Jun 2023

The counsel for the Centre said the proposal has been sent to the economic affairs department for further approvals, which would also be processed and the petitioner can apply for requisite visa permits.

Another Nirav Modi-style fraud at PNB; bank cheated of Rs 169 crore

Another Nirav Modi-style fraud at PNB; bank cheated of Rs 169 crore

Rediff.com23 Dec 2022

The CBI has registered an FIR against an officer of Punjab National Bank (PNB), now suspended, for allegedly cheating the state-run lender to the tune of Rs 168.59 crore through 34 fake bank guarantees, officials said Thursday. Nearly four years after LoU (letter of undertaking) scam allegedly perpetrated by uncle-nephew duo of Mehul Choksi and Nirav Modi bled the PNB to the tune of about Rs 13,000 crore, bank official Priya Ranjan Kumar followed similar modus operandi to issue 34 fake bank guarantees without making any entries in its core banking system Finacle, according to the CBI FIR. "As per the interim investigation report dated November 27, 2022, it emerges that the fraud has been perpetrated by the bank staff in collusion with some unknown persons through illegal and unauthorized usage of the bank's systems.

'Pinarayi Vijayan has been the target of the most vicious personal attacks'

'Pinarayi Vijayan has been the target of the most vicious personal attacks'

Rediff.com29 Mar 2021

'During Amit Shah's recent visit to Kerala, the strategy of concentrating the attacks on the CM on false charges was clear enough.'

Stalin's Latest Headache

Stalin's Latest Headache

Rediff.com22 Dec 2023

CM Stalin has a procedural problem. Nominating new ministers would entail his having to seek formal permission from governor R N Ravi. Stalin does not want to interact with the person of this governor, as far as possible, predicts N Sathiya Moorthy.

Countering 'lifeblood' of terror should be priority: NSA Doval

Countering 'lifeblood' of terror should be priority: NSA Doval

Rediff.com6 Dec 2022

Describing Central Asia as India's "extended neighbourhood", Doval said New Delhi accords "highest priority" to this region, adding Afghanistan is an important issue "concerning all of us".

Centre mulls raising tax-free slab to Rs 5 lakh

Centre mulls raising tax-free slab to Rs 5 lakh

Rediff.com19 Dec 2022

Policymakers are examining the possibility of increasing the tax-free slab to Rs 5 lakh in the two-year-old alternative personal income tax regime to make it attractive, a government official said. At present, taxpayers don't pay income tax if their taxable income is Rs 2.5 lakh and below. Increasing the threshold will reduce the tax outgo for assessees, thereby leaving more money with them to invest, the official said.

'In life as well as in politics, nothing is black or white'

'In life as well as in politics, nothing is black or white'

Rediff.com15 Dec 2023

'There was trust, but perhaps there was also this apprehension that given the supreme post of prime minister, Sonia Gandhi felt her authority may be a challenged.'

Money laundering case: ED issues summons to Jagan

Money laundering case: ED issues summons to Jagan

Rediff.com10 Nov 2011

Widening its probe into the finances of YSR Congress chief Y S Jaganmohan Reddy, the Enforcement Directorate has issued summons to him in connection with the money laundering case against the member of Parliament.

Joe Biden's 'dirty work': Trump denounces his indictment

Joe Biden's 'dirty work': Trump denounces his indictment

Rediff.com31 Mar 2023

Donald Trump issued a scathing response to his indictment by a Manhattan grand jury, describing it as 'political persecution' and election interference at the highest level in history and warning that the 'witch-hunt' will backfire massively on United States President Joe Biden.

Women Leaders: A Way To IPO Success?

Women Leaders: A Way To IPO Success?

Rediff.com10 Jan 2023

Indian society may be more advanced than we think it is, notes Ajit Balakrishnan.

FinMin to soon issue FAQs on new blackmoney law

FinMin to soon issue FAQs on new blackmoney law

Rediff.com11 Jun 2015

The tax department is working to ensure that there is no loophole in the compliance window.

India welcomes world leaders as G20 summit kicks off on Saturday

India welcomes world leaders as G20 summit kicks off on Saturday

Rediff.com8 Sep 2023

The silver lining for India's presidency is likely to be the support by almost all G20 countries to its proposal to include the African Union as a permanent member of the bloc that has emerged as perhaps the most influential multilateral forum after the United Nations.

Edtech company Byju's plans asset sale to pay off $1.2 billion loan

Edtech company Byju's plans asset sale to pay off $1.2 billion loan

Rediff.com12 Sep 2023

Byju's, India's most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firm's various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byju's amendment proposal, said the people familiar with the development. "This loan repayment proposal has been submitted to the lenders and conversations are going in the right direction," said a person in the know.

Bandhan Bank disappoints Street in Q1; analysts 'positive' on the stock

Bandhan Bank disappoints Street in Q1; analysts 'positive' on the stock

Rediff.com26 Jul 2023

Bandhan Bank has declared disappointing results for the first quarter of the 2023-24 financial year (Q1FY24). While the market has been braced for known issues around microfinance exposures in West Bengal and Assam, there is higher stress in the portfolio. This means higher credit costs and poorer asset quality, leading to target downgrades by analysts.

HR GURU: 'My company has put me on PIP'

HR GURU: 'My company has put me on PIP'

Rediff.com5 Dec 2022

HR Guru Mayank Rautela offers practical advice.

'Global Slowdown Would Be Positive For India'

'Global Slowdown Would Be Positive For India'

Rediff.com6 Oct 2022

'If you look at the order books of capital equipment companies or money deployed on the ground, there is forward movement in terms of actual investment by the private sector.'

Why Chidambaram is a disaster as finance minister

Why Chidambaram is a disaster as finance minister

Rediff.com5 Feb 2014

'Chidambaram, lots of people argue not without justification, is all about bluff and bluster without any concrete achievement on the ground. His record in the finance ministry fully endorses that view,' argues Virendra Kapoor.

An open letter to the finance minister

An open letter to the finance minister

Rediff.com2 Jul 2014

The sector faces many challenges and calls for prompt corrective action.

House proceedings washed out for 7th day, Finance Bill not taken up

House proceedings washed out for 7th day, Finance Bill not taken up

Rediff.com13 Mar 2018

The imapsse continues over issues like bank scams and special status demand for Andhra Pradesh.

Mining an opportunity: Firm, transparent laws key to attract investments

Mining an opportunity: Firm, transparent laws key to attract investments

Rediff.com8 Aug 2023

Parliament has cleared the Mines and Minerals (Development and Regulation) Amendment Bill, 2023, recently. The objective of the Act is to invite investments from the private sector, including foreign companies, for mining minerals such as lithium and other critical minerals. Other than lithium, some of these minerals were classified as atomic minerals, including beryl and beryllium, niobium, titanium, tantalum and zirconium.

'Can my mother-in-law repay our home loan?'

'Can my mother-in-law repay our home loan?'

Rediff.com31 Oct 2022

Gaurav Mohta, chief marketing officer, Home First Finance Company, answers home loan queries.

UN names Hafiz Saeed's brother-in-law as 'global terrorist'

UN names Hafiz Saeed's brother-in-law as 'global terrorist'

Rediff.com17 Jan 2023

Makki and other LeT/JUD operatives "have been involved in raising funds, recruiting and radicalising youth to violence and planning attacks in India, particularly in Jammu and Kashmir (J&K)," the sanctions committee said, providing a statement for the reasons of Makki's listing.

2G probe: ED questions Raja for the first time

2G probe: ED questions Raja for the first time

Rediff.com12 Jul 2012

The Enforcement Directorate has questioned former telecom minister A Raja in connection with its money laundering probe in the 2G spectrum case. This is the first time that the ED has questioned Raja in the case.

New PCA framework for NBFCs introduced

New PCA framework for NBFCs introduced

Rediff.com14 Dec 2021

To further strengthen the supervision on non-banking entities (NBFCs), the Reserve Bank on Tuesday issued revised guidelines on a Prompt Corrective Action (PCA) framework for such companies, excluding government-owned ones, effective from October 1, 2022, on the lines of what it had introduced for banks in 2002. The RBI came up with stricter supervisory norms under the PCA framework for banks after their bad loans mounted and balance-sheets bled badly. This involved restricting them from fresh lending, brand opening and, hiring, among others. The RBI said the revised PCA framework is also applicable to all deposit-taking non-banking financial companies (NBFCs), all non-deposit taking NBFCs in the middle, upper and top layers, including investment and credit companies, core investment companies, infrastructure debt funds, infrastructure finance companies and microfinance institutions.

AAP again questions genuineness of Modi's degrees

AAP again questions genuineness of Modi's degrees

Rediff.com2 Apr 2023

The Aam Aadmi Party on Sunday raised questions on the genuineness of Prime Minister Narendra Modi's degrees and claimed that they would turn out to be fake if a probe is conducted.

SHOCKING! Aadhaar gives OUR personal info to foreign firms

SHOCKING! Aadhaar gives OUR personal info to foreign firms

Rediff.com18 Feb 2018

'The most valuable personal sensitive information of present and future citizens has been made available to foreign data firms and governments and non-State actors for all time to come,' says Gopal Krishna.

'Your order was unconstitutional': Stalin's scathing letter to Guv

'Your order was unconstitutional': Stalin's scathing letter to Guv

Rediff.com1 Jul 2023

While the Raj Bhavan had on Thursday night said it placed the unprecedented 'dismissal' order on hold, the DMK regime asserted it would pick an appropriate action plan to counter and fight the move against the minister by Ravi, even though he backtracked from it.

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