News for 'political finance'

What Will Keep Nirmalaji Busy This Year?

What Will Keep Nirmalaji Busy This Year?

Rediff.com17 Jun 2024

Fresh plans of privatisation or divestment in central public sector enterprises and public sector banks might take a back seat this financial year because these may require a large consensus among coalition partners.

Politics, laws weigh on Islamic finance in India

Politics, laws weigh on Islamic finance in India

Rediff.com20 Dec 2012

An estimated 177 million Muslims in India, the largest Muslim minority population in the world, are unable to use Islamic banks because laws covering the sector require banking to be based on interest, which is forbidden in Islam.

SC junks legal framework enabling electoral bonds

SC junks legal framework enabling electoral bonds

Rediff.com16 Feb 2024

A five-judge constitution bench headed by Chief Justice D Y Chandrachud held that the 2018 scheme was 'violative' of the constitutional right to freedom of speech and expression and right to information.

BJP MLA Fights BJP Government On Corruption

BJP MLA Fights BJP Government On Corruption

Rediff.com14 Oct 2024

'I gave enough evidence and proof to punish corrupt officials.' 'But my own government has not filed any FIR against such officials.'

Nirmalaji May Stick To Fiscal Deficit Target

Nirmalaji May Stick To Fiscal Deficit Target

Rediff.com26 Jun 2024

'Any finality in such matters requires political views. We will review it closer to the full Budget.'

Mahua Moitra is back with a bang in Parliament

Mahua Moitra is back with a bang in Parliament

Rediff.com4 Jun 2024

Moitra's electoral triumph not only secures her seat in Parliament, but also serves as a defiant retort to attempts to sideline her from the political arena.

The Woman Who Lost Everything

The Woman Who Lost Everything

Rediff.com13 Nov 2024

When the landslide hit, Sruthi's house was washed away, along with its inhabitants. She lost her entire family and some relatives. All she had left for a close confidante was her fiance Jenson. Days after the landslide and the loss of her family, Jenson died in a road accident that also left Sruthi with serious injuries. News of the accident and Sruthi's backdrop as the lone surviving member of a family wiped out in the July landslide, was picked up by the media, and people rushed to help.

Centre gives more powers to JK L-G; Oppn slams move

Centre gives more powers to JK L-G; Oppn slams move

Rediff.com13 Jul 2024

The L-G will take decisions on police, officers of all-India services such as the IAS and the IPS, and giving sanction for prosecution in various cases.

BJP slams Jairam Ramesh for 'live-tweeting' at all-party meet

BJP slams Jairam Ramesh for 'live-tweeting' at all-party meet

Rediff.com21 Jul 2024

BJP's IT department head Amit Malviya said there is a certain propriety and protocol one associates with these all-party meetings.

'Na na karte...': Uddhav after meeting Fadnavis in lift

'Na na karte...': Uddhav after meeting Fadnavis in lift

Rediff.com28 Jun 2024

An accidental encounter between Maharashtra deputy CM Devendra Fadnavis and Shiv Sena-Uddhav Balasaheb Thackeray chief Uddhav Thackeray in a lift in Vidhan Bhawan on Thursday caused ripples in state political circles.

'Democracy is not a destination'

'Democracy is not a destination'

Rediff.com29 Mar 2024

'Democracy cannot be taken for granted. It has to be fiercely guarded.'

Those born with a silver spoon in mouth....: Ajit Pawar slams Oppn

Those born with a silver spoon in mouth....: Ajit Pawar slams Oppn

Rediff.com29 Aug 2024

Pawar urged people not to fall prey to the Opposition's "fake campaigns", highlighting government schemes for the youth, women, Warkaris (followers of Lord Vithoba) and others.

Kejriwal resigns, Atishi set to be next Delhi CM

Kejriwal resigns, Atishi set to be next Delhi CM

Rediff.com17 Sep 2024

The Aam Aadmi Party led by its chief minister designate Atishi staked claim to form a new government in Delhi on Tuesday shortly after Arvind Kejriwal resigned from the post, an effort seen as a bold gambit to seize the initiative ahead of assembly elections due in five months.

Modi Bluster Missing From Budget

Modi Bluster Missing From Budget

Rediff.com26 Jul 2024

With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.

Fitch retains India rating with stable outlook on strong growth, fiscal credibility

Fitch retains India rating with stable outlook on strong growth, fiscal credibility

Rediff.com29 Aug 2024

Global rating agency Fitch on Thursday affirmed India's 'BBB-' rating with a stable outlook on strong growth outlook and fiscal credibility. Fitch said India is set to remain among the fastest-growing sovereigns globally with GDP growth of 7.2 per cent in the current fiscal year and 6.5 per cent in FY26, down from 8.2 per cent in FY24. "Fitch Ratings has affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook," the global rating agency said in a statement.

Union Budget, 6 bills to be tabled during monsoon session

Union Budget, 6 bills to be tabled during monsoon session

Rediff.com20 Jul 2024

Finance Minister Nirmala Sitharaman will present the Union Budget on Tuesday as the Monsoon Session of Parliament gets underway next week with the united opposition set to corner the National Democratic Alliance government on issues ranging from the NEET paper leak case and railway safety.

Do We Need Atmashakti At Work?

Do We Need Atmashakti At Work?

Rediff.com15 Oct 2024

'Alongside economic growth and the Asian century, stress has become an Asian caravan.' 'But stress doesn't arrive in one's country as invitation to taste exhaustion. It comes dressed as a challenge.' 'Its evangelists ask: Are you man enough to shoulder stress?' points out Shyam G Menon.

Deshmukh told me extorted funds routed to Maha NCP chief: Ex-cop Param Bir

Deshmukh told me extorted funds routed to Maha NCP chief: Ex-cop Param Bir

Rediff.com13 Aug 2024

Singh asserted that Deshmukh set a staggering collection target of Rs 100 crore for his officers, specifically from Mumbai, while also discussing plans to target key opposition figures, including former Chief Minister Devendra Fadnavis of the Bharatiya Janata Party.

Sunita or Atishi, who will replace Kejriwal as Delhi CM?

Sunita or Atishi, who will replace Kejriwal as Delhi CM?

Rediff.com15 Sep 2024

Chief Minister Arvind Kejriwal's unexpected announcement to resign after two days kicked up a strong buzz on Sunday over the names of his wife Sunita and his ministers Atishi and Gopal Rai as his possible replacement.

The Man Who Saw Tomorrow

The Man Who Saw Tomorrow

Rediff.com21 Oct 2024

Here stood a man who embodied the legacy of whatever Brand Tata stood for, embellished it, and departed into the long night, leaving the brand legacy for others to further enrich, notes R Gopalakrishnan.

GST Council's fitment committee likely to consider dropping 12% slab

GST Council's fitment committee likely to consider dropping 12% slab

Rediff.com5 Jun 2024

The fitment committee under the Goods and Services Tax (GST) Council, comprising central and state officials, has begun a rate rationalisation exercise afresh, checking the possibility of dropping some of the rates, particularly the 12 per cent slab, to achieve a revenue-neutral structure, a senior official with direct knowledge of the matter

Budget Must Focus On Raising Revenue

Budget Must Focus On Raising Revenue

Rediff.com18 Jul 2024

With the fiscal deficit target staring at the government, the FY25 Budget has limited expenditure options, points out A K Bhattacharya.

Trade on road to recovery but Indian firms tread cautiously

Trade on road to recovery but Indian firms tread cautiously

Rediff.com12 Oct 2024

Truck movements across the India-Bangladesh border are on the rise, with increasing rentals signalling a trade recovery between the two South Asian nations. Yet, geopolitical tension looms large, with Bangladesh now under an interim government for nearly two months.

Govt brings 'politically exposed persons' under money laundering law

Govt brings 'politically exposed persons' under money laundering law

Rediff.com10 Mar 2023

The government has amended rules under the anti-money law, making it mandatory for banks and financial institutions to record financial transactions of politically exposed persons (PEP).

It's All About Job Creation, Nirmalaji

It's All About Job Creation, Nirmalaji

Rediff.com1 Aug 2024

'Is the Agniveer scheme or their post-retirement re-employment in paramilitary forces or in the state governments the BJP's answer to the crying need on the job front?' 'Or, even Finance Minister Sitharaman's one-year internship scheme in the public and private sector, is it a permanent solution, either?', asks N Sathiya Moorthy.

'Where Has The Money Gone? Whose Coffers Did It Go To?'

'Where Has The Money Gone? Whose Coffers Did It Go To?'

Rediff.com15 Nov 2024

'Crores of rupees have been spent on paper but nothing has actually happened on the ground.'

Can Modi 3.0 Beat The 3 Cs Trap?

Can Modi 3.0 Beat The 3 Cs Trap?

Rediff.com10 Sep 2024

'Don't be surprised if the Census forms come with a caste box.' 'I will be surprised if it doesn't. It will be a point conceded to Rahul Gandhi and his allies,' asserts Shekhar Gupta. The BJP machine could take all 3 in its stride, but this election has changed that, notes Shekhar Gupta.

Govt forms cabinet committees on security, economic affairs; includes allies

Govt forms cabinet committees on security, economic affairs; includes allies

Rediff.com3 Jul 2024

The members of the cabinet committees included Union ministers from the Bharatiya Janata Party and its National Democratic Alliance partners like Janata Dal-United, Telugu Desam Party, Janata Dal-Secular, Shiv Sena and Lok Janshakti Party-Ram Vilas.

Ratan Tata, As I Knew Him

Ratan Tata, As I Knew Him

Rediff.com10 Oct 2024

Ratan was extremely ethical in his dealings, which he brought to bear on the business house which he helmed, remembers Sailesh Kottary.

How Karnataka Results Will Impact Tamil Nadu Politics

How Karnataka Results Will Impact Tamil Nadu Politics

Rediff.com17 May 2023

The DMK leadership may now have to deal with a demand for more seats from its Congress ally in the Lok Sabha polls, predicts N Sathiya Moorthy.

India warns of terror groups in Africa controlling political agenda

India warns of terror groups in Africa controlling political agenda

Rediff.com6 Oct 2022

Muraleedharan said that terrorist groups such as Al-Shabaab have put in place elaborate revenue collection networks, to support their terrorist activities.

Highlights of Economic Survey 2023-24

Highlights of Economic Survey 2023-24

Rediff.com22 Jul 2024

The Survey is authored by Chief Economic Advisor V Anantha Nageswaran and his team.

Sitharaman on freebies promised by political parties

Sitharaman on freebies promised by political parties

Rediff.com27 Aug 2022

Union Finance Minister Nirmala Sitharaman on Friday said political parties that come to power on pre-poll promises of freebies should pay for those through budgetary provisions. Citing the example of free electricity being promised in many states, the finance minister said the burden for the freebies should not be thrust upon the power discoms or gencos. "If a promise has been made to the people at the time of the election, you are looking at a quid pro quo. "You should be, as a responsible party, assume after you come to power, make a provision in the budget for it," Sitharaman said, speaking at the FE Best Bank Awards event.

'Political situation in Punjab has been somewhat volatile'

'Political situation in Punjab has been somewhat volatile'

Rediff.com26 Apr 2023

'The politics that is now being played in Punjab doesn't contribute towards peace and tranquillity.'

'Nobody's Asking Where Money Will Come For Freebies'

'Nobody's Asking Where Money Will Come For Freebies'

Rediff.com24 May 2024

'The prime minister's comment on 'revdi culture' was welcome. But I am disappointed he did not follow up on that.' 'All political parties, including the BJP, have been guilty of this.' 'Now, Modi's guarantees, the Congress's 'nyay' path and both ruling and Opposition parties are vying with each other for freebies in my home state Andhra Pradesh.'

Jaitley had defended anonymity of electoral bonds

Jaitley had defended anonymity of electoral bonds

Rediff.com15 Feb 2024

Years before the Supreme Court struck down as 'unconstitutional' an opaque political funding tool that allowed individuals and companies to donate money to political parties anonymously and without any limits, the then finance minister Arun Jaitley -- the prime mover of electoral bonds -- had termed them legitimate and transparent.

Electoral bonds: Who is lottery king Santiago Martin?

Electoral bonds: Who is lottery king Santiago Martin?

Rediff.com15 Mar 2024

Future Gaming and Hotel Services whose director is the lottery magnate Santiago Martin is the top purchaser of electoral bonds having purchased bonds worth Rs 1,368, according to data uploaded by the Election Commission of India on its website on Thursday.

Prachanda out, Oli sworn in as Nepal PM for 4th time

Prachanda out, Oli sworn in as Nepal PM for 4th time

Rediff.com15 Jul 2024

The leader of Nepal's largest communist party was appointed as prime minister on Sunday by President Ram Chandra Paudel to lead the coalition government with the Nepali Congress (NC), the largest party in Parliament, apart from other smaller parties.

EXPLAINED: What is an electoral bond?

EXPLAINED: What is an electoral bond?

Rediff.com15 Feb 2024

No limit exists on the number of electoral bonds that a person (including corporate entities) can purchase.

Managing party without him is...: Ajit Pawar on uncle

Managing party without him is...: Ajit Pawar on uncle

Rediff.com16 Aug 2024

Maharashtra Deputy Chief Minister Ajit Pawar, who heads the Nationalist Congress Party, has said that helming the NCP away from the shadows of his uncle and founder Sharad Pawar after the split is a huge responsibility.