News for 'siphoning'

India ranks 4th in black money outflows

India ranks 4th in black money outflows

Rediff.com9 Dec 2015

China also had the largest illicit outflows of any country in 2013.

Why Sacred Games, Mirzapur disappoint

Why Sacred Games, Mirzapur disappoint

Rediff.com2 Feb 2019

'Deeply flawed, Sacred Games and Mirzapur come nowhere close to representing the diversity of stories from this country,' says Vikram Johri.

AAP alleges CWG-like scam in DDCA under Jaitley

AAP alleges CWG-like scam in DDCA under Jaitley

Rediff.com17 Dec 2015

The party said that the Delhi cricket body had become a den of corruption during Jaitley's 13-year rule.

Taxman eyes Rs 100bn in recovery from 'struck-off' cos

Taxman eyes Rs 100bn in recovery from 'struck-off' cos

Rediff.com20 Aug 2018

The CBDT asks ministry of corporate affairs not to oppose its application to restore the companies struck off by the Registrar of Companies, as it would prevent the board from launching tax recovery proceedings against them.

Black money: SC asks SIT to look into Bank of Baroda scam

Black money: SC asks SIT to look into Bank of Baroda scam

Rediff.com26 Apr 2016

The court on September 3 asked the SIT to submit its fresh report.

ED seeks Mallya's deportation; writes to foreign ministry

ED seeks Mallya's deportation; writes to foreign ministry

Rediff.com21 Apr 2016

Mallya is understood to be in the UK after he left India on March 2.

OBC, Dena Bank under lens for Rs 436 cr scam

OBC, Dena Bank under lens for Rs 436 cr scam

Rediff.com20 Aug 2014

The government has initiated a forensic audit at the state-run Oriental Bank of Commerce and Dena Bank after unearthing of a suspected scam, wherein the lenders allegedly misappropriated funds worth Rs 436 crore from their fixed deposit customers.

Xiaomi apologises for unauthorised personal data access

Xiaomi apologises for unauthorised personal data access

Rediff.com11 Aug 2014

Xiaomi Inc said it had upgraded its operating system to ensure users knew it was collecting data from their address books after a report by a computer security firm said the Chinese budgetsmartphone maker was taking personal data without permission.

Kingfisher Airlines' brand valuation under SFIO scanner

Kingfisher Airlines' brand valuation under SFIO scanner

Rediff.com16 Mar 2016

SFIO is looking into the role of Grant Thornton LLP which had valued the brand.

Modi govt has taken the right action on J-K

Modi govt has taken the right action on J-K

Rediff.com22 Nov 2019

'Having dealt with security and insurgency for 15 years, I am fully convinced that the steps taken by the government in regard to J&K and the measures in force there are essential,' says B S Raghavan, the distinguished civil servant.

India, US tighten cooperation against illicit money flows

India, US tighten cooperation against illicit money flows

Rediff.com12 Feb 2015

India and the United States vowed on Thursday to step up joint efforts to halt illicit money flows.

MCA writes to BCCI on difficulties in implementing Lodha reforms

MCA writes to BCCI on difficulties in implementing Lodha reforms

Rediff.com19 Oct 2016

Spelling out practical problems it has encountered in implementing the Justice Lodha committee's reforms in the Board of Control for Cricket in India and its affiliates in totality, Mumbai Cricket Association said it already has in place measures that, by and large, jell well with the reform process.

The Great Property Crash

The Great Property Crash

Rediff.com25 Jan 2019

'In many parts of the country, the empty nest-and-empty-nest egg story is a painful boom-to-bust saga.' 'Among the old and young, it is hitting pockets hard, in a linked chain of debt-laden banks, corrupt politicians and builder mafias and disastrous government policies,' says Sunil Sethi.

The case that will make builders more accountable

The case that will make builders more accountable

Rediff.com5 Apr 2017

Karan Choudhury reports on the implications of the strict Real Estate (Regulation and Development) Act and the prosecution of Unitech MDs, Sanjay Chandra and Ajay Chandra, in an alleged fraud case.

India's appalling prison conditions to the 'rescue' of Mallya

India's appalling prison conditions to the 'rescue' of Mallya

Rediff.com15 Sep 2017

British magistrate presiding over Mallya extradition case says India's prison standards are not up to the mark

DDCA refutes allegations against former chief Jaitley

DDCA refutes allegations against former chief Jaitley

Rediff.com17 Dec 2015

The Delhi and District Cricket Association again strongly refuted the AAP's allegations of financial bungling by its former chief, Finance Minister Arun Jaitley, saying the charges are completely baseless and without substance.

Forcing Mallya to come back is bad strategy: Mohandas Pai

Forcing Mallya to come back is bad strategy: Mohandas Pai

Rediff.com22 Apr 2016

Pai said he was also against 'naming and shaming' willful defaulters of bank loans.

The Giant Mess Called Aadhaar

The Giant Mess Called Aadhaar

Rediff.com16 Jan 2018

'First sold to us as a voluntary scheme for government subsidies, Aadhaar has since sprouted multiple heads and tails, horns, fangs, warts, and a nasty case of halitosis.' 'It is unacceptably intrusive, our data is hilariously unsafe, and fraud, corruption, and criminality is rampant,' says Mitali Saran.

'Arresting Prajapati is to be BJP's first task in UP'

'Arresting Prajapati is to be BJP's first task in UP'

Rediff.com5 Mar 2017

Addressing an election rally, BJP chief Amit Shah said, "As soon as the BJP forms the government in UP on March 11, we would search (Gayatri Prasad) Prajapati even from the hell and send him to jail."

Pepsi, Coke can use water from Tamil Nadu river: Madras HC

Pepsi, Coke can use water from Tamil Nadu river: Madras HC

Rediff.com2 Mar 2017

The Madras High Court Bench in Madurai on Thursday dismissed a couple of public interest litigation petitions filed against the supply of Tamirabarani surface water to industries set up by co-packers of Pepsi and Coca Cola at the Industrial Growth Centre established by SIPCOT at Gangaikondan in Tirunelveli district of Tamil Nadu.

RBI in the process to modify wilful defaulter definition

RBI in the process to modify wilful defaulter definition

Rediff.com30 Sep 2014

Recently, United Bank of India declared Kingfisher Airlines as well as some three of its directors as wilful defaulters.

Breather for Unitech; govt can't take over the realty firm, rules SC

Breather for Unitech; govt can't take over the realty firm, rules SC

Rediff.com13 Dec 2017

Unitech alleged that the takeover of the management of the company by the Centre would make it difficult for them to deposit Rs 750 crore as directed by the apex court to safeguard the interests of homebuyers.

Aadhaar and starvation deaths

Aadhaar and starvation deaths

Rediff.com26 Sep 2018

'Completely disregarding ground reports of starvation deaths owing to Aadhaar and potentially disguising these deaths to look like accidents appears brutal,' says Rajendran Narayanan.

Bhujbal, nephew, get bail in Maharashtra Sadan case

Bhujbal, nephew, get bail in Maharashtra Sadan case

Rediff.com22 Jun 2016

"They both were produced in the court and were granted bail on a surety of Rs 50,000 each," special public prosecutor Pradeep Gharat said.

Mamata orders probe into Narada sting operation

Mamata orders probe into Narada sting operation

Rediff.com17 Jun 2016

The opposition parties termed the order of the inquiry a gimmick to fool the masses and cover up the important evidences in the sting operation.

LTC scam: CBI registers cases against 6 present, former RS MPs

LTC scam: CBI registers cases against 6 present, former RS MPs

Rediff.com13 Jun 2014

The Central Bureau of Investigation has registered cases against six sitting and former members of Rajya Sabha in connection with the LTC scam in which travel reimbursement was allegedly claimed by them through purportedly forged bills.

Kapil Sibal cries 'political vendetta', says no cheating in National Herald case

Kapil Sibal cries 'political vendetta', says no cheating in National Herald case

Rediff.com12 Dec 2015

He also rejected all charges of alleged cheating and siphoning off money by Congress in the matter.

Let's find new ways to clean up banking

Let's find new ways to clean up banking

Rediff.com20 May 2019

'In their over-enthusiasm to clean up the system, both the banks and the regulator should not forget that the key to the insolvency law is revival of companies -- recovery of bank dues is an offshoot of that,' points out Tamal Bandyopadhyay.

SC sends 3 Amrapali directors to police custody

SC sends 3 Amrapali directors to police custody

Rediff.com9 Oct 2018

The court said the conduct of the directors was in 'gross violation' of its order.

UCO Bank not to allow lawyers to represent Kingfisher

UCO Bank not to allow lawyers to represent Kingfisher

Rediff.com8 Nov 2014

UCO Bank will not allow Kingfisher Airlines to be represented by lawyers in the wilful default case hearing.

The most stunning scenes from nature

The most stunning scenes from nature

Rediff.com17 Oct 2019

Wheeling round, a look of utter shock on its face, a marmot jumps in fright after a young fox sneaks up behind it. The split-second encounter between prey and predator -- called the Moment -- has won the man who captured it the title of Wildlife Photographer of the Year. He was chosen from a longlist of various category winners, all of whom managed to record the oddities, rivalries and beauty of the natural world. Scroll down for some of the winners.

Banks seek stricter norms for reporting on wilful defaulters

Banks seek stricter norms for reporting on wilful defaulters

Rediff.com28 Aug 2014

Banks, through the Indian Banks' Association, have urged RBI and credit information companies to maintain a database of wilful defaulters.

Few scandalous biz tycoons who made it big, ran it and got screwed

Few scandalous biz tycoons who made it big, ran it and got screwed

Rediff.com17 Dec 2015

Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.

Gujarat bourses have most vanishing firms

Gujarat bourses have most vanishing firms

Rediff.com16 Jul 2016

They took investor money via IPOs and then disappeared.

NOT AGAIN! Chit funds resurface in Bengal in a new avatar

NOT AGAIN! Chit funds resurface in Bengal in a new avatar

Rediff.com29 Jun 2016

According to the consumer affairs department, these chit funds are operating at a small level.

Kotla mess: Three DDCA officials give different probables lists

Kotla mess: Three DDCA officials give different probables lists

Rediff.com13 Sep 2015

Mired in one controversy after another, the Delhi & Districts Cricket Association (DDCA) hit a new low after three top officials gave three separate probables list with one naming Gautam Gambhir as captain while another faction naming Madan Lal as 'mentor'.

Bankers resort to 'Gandhigiri' to recover dues from wilful defaulters

Bankers resort to 'Gandhigiri' to recover dues from wilful defaulters

Rediff.com21 Mar 2015

Banks have started organising silent demonstration in front of houses of defaulters.

Bankers resort to 'Gandhigiri' to recover dues from wilful defaulters

Bankers resort to 'Gandhigiri' to recover dues from wilful defaulters

Rediff.com21 Mar 2015

United Bank of India and Andhra Bank employees start organising silent protests.

The Huge Bihar Scam: Rs 1,000 crore and counting

The Huge Bihar Scam: Rs 1,000 crore and counting

Rediff.com3 Sep 2017

The scam has offered Lalu Prasad an opportunity to point fingers at Nitish Kumar and Sushil Kumar Modi.

How to spot a Ponzi scheme and avoid it

How to spot a Ponzi scheme and avoid it

Rediff.com6 Aug 2018

Ponzi schemes have characteristics that the informed investor can spot easily.