News for 'state finance department'

US report flags 'downward trend of democratic values' in India

US report flags 'downward trend of democratic values' in India

Rediff.com10 Feb 2023

As the United States focuses on the Indo-Pacific, in particular the Quad, the Biden administration needs to address India's ties with Russia and its 'downward trend of democratic values and institutions', said a report by the Democratic Party of the Senate Foreign Affairs Committee.

Sitharaman asks ministries to front-load their capital expenditure

Sitharaman asks ministries to front-load their capital expenditure

Rediff.com4 Jun 2021

Finance Minister Nirmala Sitharaman on Friday pitched for front loading of capital expenditure, saying it is critical for revitalisting the economy post the coronavirus pandemic. During a virtual meeting with senior government officials to discuss the infrastructure roadmap ahead, she also asked ministries to aim to achieve more than their capital expenditure (capex) targets. The Union Budget 2021-22 provided a capital outlay of Rs.5.54 lakh crore, a sharp increase of 34.5 per cent over the Budget Estimate of 2020-21.

National summit on financial services at GIFT City

National summit on financial services at GIFT City

Rediff.com19 Feb 2014

Gujarat Chief Minister Narendra Modi was the Chief Guest at the event.

J-K sacks 4 govt employees, bank manager for anti-national activities

J-K sacks 4 govt employees, bank manager for anti-national activities

Rediff.com15 Oct 2022

The dismissal of the five --most of whom have cases registered against them for terror activities -- was ordered under Article 311 of the Indian Constitution.

Airlines told to share international fliers' PNR with customs

Airlines told to share international fliers' PNR with customs

Rediff.com9 Aug 2022

With this, India joins 60 other countries that collect PNR details of international passengers.

FM readies roadmap to boost infrastructure spending

FM readies roadmap to boost infrastructure spending

Rediff.com11 Jun 2021

Finance Nirmala Sitharaman on Friday asked various ministries to try to spend more than their capital expenditure targets as well as explore public private partnerships for viable projects. During a meeting with senior government officials to discuss the infrastructure roadmap, she also urged the ministries and their CPSEs to ensure clearance of Micro, Small and Medium Enterprises (MSME) dues at the earliest. This was the fifth review meeting by the finance minister with ministries and departments on the infrastructure roadmap.

FBI finds more classified documents from Biden's home

FBI finds more classified documents from Biden's home

Rediff.com22 Jan 2023

The total number of classified documents found in the residences and private offices of Biden has now increased to nearly a dozen and a half. All documents, including from his term as vice president from 2009 to 2016, have now been taken into possession of federal agents.

What Are The Aims Of India's Indo-Pacific Policy?

What Are The Aims Of India's Indo-Pacific Policy?

Rediff.com26 Jun 2023

India's historical focus on its continental borders has overshadowed its maritime ambitions, but that is changing quickly, notes Ajai Shukla.

Kerala's strategy helped contain Covid first wave: Ex-health minister

Kerala's strategy helped contain Covid first wave: Ex-health minister

Rediff.com29 Jan 2022

The former minister said even days before the Centre issued guidelines and protocols in identifying and containing the disease, the state commenced its preparations to fight the possible outbreak of the disease.

Shocking! How a govt treats a commission of inquiry

Shocking! How a govt treats a commission of inquiry

Rediff.com1 Feb 2020

'The circumstances indicate that the government is not serious about the commission...' '...We are not at the mercy of the government.'

Govt to conduct mock GST launch in Parliament on Wednesday

Govt to conduct mock GST launch in Parliament on Wednesday

Rediff.com27 Jun 2017

Officers from various departments including the finance ministry to be part of rehearsal event

Will Yogi waive off farmers' loan in 1st cabinet meeting?

Will Yogi waive off farmers' loan in 1st cabinet meeting?

Rediff.com2 Apr 2017

Modi had promised during his election campaign that a decision on loan waiver would be taken at the first cabinet meeting of the BJP government in the state.

Rs 62,000 Crore GST Evasion Detected

Rs 62,000 Crore GST Evasion Detected

Rediff.com26 Dec 2022

'There are unscrupulous traders who create fake invoices by showing bogus e-way bills, movement of goods.' 'Since the entities registered across different states, and kept on changing their numbers, tracing them was difficult.'

What Tamil Nadu Does Today, India May Do Tomorrow

What Tamil Nadu Does Today, India May Do Tomorrow

Rediff.com23 Mar 2023

Tamil Nadu's latest budget offers path-breaking initiatives and major boost for social infrastructure, which other state governments are sure to follow in the coming years, predicts N Sathiya Moorthy.

Record Rs 32,000 Crore Seized in Tax Raids

Record Rs 32,000 Crore Seized in Tax Raids

Rediff.com24 Jan 2022

Since arraignment under money laundering is a tougher offence, the CBDT hopes it will also overcome its dismal score sheet to prove satisfactorily to the courts that these cases were genuine ones of tax evasion.

Forget tax cuts, Sitharaman advised against Budget sops

Forget tax cuts, Sitharaman advised against Budget sops

Rediff.com11 Jun 2019

FinMin does not expect tax or non-tax revenue to reach anywhere close to the targets set in the interim Budget. Sources say that the challenge before the new government will be either to accept the reduced projection and tailor the Budget accordingly or set a more ambitious target.

Nano will cost Bengal hundreds of crores a year

Nano will cost Bengal hundreds of crores a year

Rediff.com1 Oct 2008

Sources in the West Bengal government's finance department said the state had made budgetary provisions that would run into several hundred crores every year for 20 to 30 years to attract Tata Motors' Nano project to Singur.

Masood Azhar's 3 nephews killed on entering India

Masood Azhar's 3 nephews killed on entering India

Rediff.com20 Jan 2023

He said the situation was made difficult for the terrorist organisations as a result Jaish chief Maulana Masood Azhar sent his nephews to carry out terror activities.

Post office staff swindles Rs 96 cr of public money in saving schemes: CAG

Post office staff swindles Rs 96 cr of public money in saving schemes: CAG

Rediff.com10 Aug 2022

The staff at post offices misappropriated Rs 95.62 crore of public money between November 2002 and September 2021, the Comptroller and Auditor General has said. The money may seem small but it is what common citizen invested in post office savings, the oldest and the largest banking system in the country. The system serves the investment needs of urban and rural clients through schemes such as savings bank, recurring deposits, time deposits, national savings certificates, kisan vikas patras, public provident fund, monthly income account scheme, sukanya samriddhi accounts and senior citizens savings scheme.

From North Block to Mint Street, Shaktikanta Das has traversed a long way

From North Block to Mint Street, Shaktikanta Das has traversed a long way

Rediff.com11 Dec 2018

From defending the shock announcement of demonetisation to spearheading the remonetisation drive that included the cumbersome process of printing and supplying new Rs 500 and Rs 2,000 notes, his calm composure brought a sense of serenity to an otherwise chaotic situation.

E-tailers face tough times as states tighten tax noose

E-tailers face tough times as states tighten tax noose

Rediff.com25 Jan 2015

Kerala's tax authorities are also reviewing other e-commerce companies for similar discrepancies, and might fine more defaulters.

With Modicare rollout, focus shifts to states

With Modicare rollout, focus shifts to states

Rediff.com23 Sep 2018

States are now gearing up to implement the scheme, integrating it with their own public health insurance plans and tying up the loose ends.

China blocks India-US move to blacklist LeT terrorist 2nd time in 2 days

China blocks India-US move to blacklist LeT terrorist 2nd time in 2 days

Rediff.com20 Oct 2022

Hafiz Talha Saeed is a senior leader of the LeT and is the head of the cleric wing of the terrorist organisation.

A Week In The Life Of A PSU Banker

A Week In The Life Of A PSU Banker

Rediff.com12 May 2023

'The CM kept his cool, but his adviser was liberal with filthy language.' Tamal Bandyopadhyay recreates the diary of a general manager in a public sector bank, providing a glimpse of how they balance their work and life.

17 US states, tech giants sue against new visa rule

17 US states, tech giants sue against new visa rule

Rediff.com14 Jul 2020

The lawsuit seeks an injunction to stop the entire rule from going into effect.

Support Agniveers with jobs after tenure, govt tells public sector banks

Support Agniveers with jobs after tenure, govt tells public sector banks

Rediff.com17 Jun 2022

Department of financial services secretary Sanjay Malhotra held a meeting with heads of PSBs, insurance companies and financial institutions for identifying ways to support Agniveers on completion of their tenure of duty.

'After the devastation of Covid, I had expected a higher budget for health'

'After the devastation of Covid, I had expected a higher budget for health'

Rediff.com9 Feb 2023

'...to address the serious faultlines that had got exposed during the pandemic.' 'If the economy is looking up this year, we could have been allocated an increase of at least 20%.'

Kozhikode to become 'hunger-free' city

Kozhikode to become 'hunger-free' city

Rediff.com18 Dec 2008

At a time when several states are making efforts to sell rice at Rs 2 per kg to the poor, the Kozhikode municipal corporation plans to provide the mid-day meal at the same price to make it a hunger-free city. The idea to launch the novel scheme was mooted at a recent meeting of government officials of the health and finance department at Kozhikode.

Thousands to reach Mumbai as city gears up for rival Sena Dussehra rallies

Thousands to reach Mumbai as city gears up for rival Sena Dussehra rallies

Rediff.com5 Oct 2022

A railway official said a train has been booked for the Dussehra rally from Nanded city in central Maharashtra.

RBI starts scrutiny of nearly 3,000 private finance companies

RBI starts scrutiny of nearly 3,000 private finance companies

Rediff.com22 Jul 2013

The central bank's move comes against the backdrop of the government efforts to crackdown on entities, that are illegally raising large amounts of money from the public.

Imported O2 concentrators: SC stays HC order on levy of IGST

Imported O2 concentrators: SC stays HC order on levy of IGST

Rediff.com1 Jun 2021

The Supreme Court on Tuesday stayed the operation of a Delhi high court order holding as "unconstitutional" the imposition of the Integrated Goods and Services Tax (IGST) by the Centre on import of oxygen concentrators by individuals for personal use. A special bench of Justices D Y Chandrachud and M R Shah issued notice on the plea and sought response from the petitioner, who filed a PIL before the high court.

India, US ask Pakistan to act decisively against terror

India, US ask Pakistan to act decisively against terror

Rediff.com12 Apr 2022

The demand for action by Pakistan was made through a joint statement issued after the 2+2 ministerial attended by the US Secretary of State Antony Blinken and Defence Secretary Lloyd Austin, Defence Minister Rajnath Singh and External Affairs Minister S Jaishankar.

China blocks blacklisting of Lashkar terrorist at UN

China blocks blacklisting of Lashkar terrorist at UN

Rediff.com19 Oct 2022

It is learnt that China placed a hold on the proposal by India and the US to designate Mahmood as a global terrorist under the 1267 Al Qaeda Sanctions Committee of the UN Security Council.

Ministries to get the same budget funds as last year

Ministries to get the same budget funds as last year

Rediff.com18 Jan 2021

The government, it would seem, is reserving its firepower to spend on big-ticket items that will be announced in the Budget, reports Subhomoy Bhattacharjee.

Officer who headed 2G, CWG probes gets BJP ticket from Sarojini Nagar

Officer who headed 2G, CWG probes gets BJP ticket from Sarojini Nagar

Rediff.com2 Feb 2022

He was permanently absorbed into the ED cadre in 2014 and has headed some high-profile investigations into the 2G spectrum allocation case, the 2010 Commonwealth Games, the money laundering cases against former Union finance minister P Chidambaram and his son Karti Chidambaram, Andhra Pradesh chief minister Y S Jagan Mohan Reddy and former Jharkhand chief minister Madhu Koda, the Aircel Maxis and VVIP choppers case.

How govt will judge the performance of PSUs

How govt will judge the performance of PSUs

Rediff.com11 May 2022

The number of times public sector undertakings (PSUs) have held conference calls with investors, their capital management, and debt financing are among the parameters that the Centre will use to judge their performance for the first time, a senior official in the know said. The government will evaluate PSUs for FY22 based on new parameters that were finalised by the Department of Public Enterprises (DPE) in consultation with the Department of Investment and Public Asset Management (DIPAM) last year, the official said. The government had included more conditions in the memorandum of understandings (MoUs) - used to set annual targets - that public sector enterprises sign with the DPE every year. These included a consistent dividend policy, which seeks to transfer dividends by PSUs every quarter; and market capitalisation or share price improvement over the sectoral index on an annual average basis for listed companies.

New state of Telangana gets two deputy chief ministers

New state of Telangana gets two deputy chief ministers

Rediff.com2 Jun 2014

Telangana Chief Minister K Chandrasekhar Rao on Monday appointed 2 deputy CMs besides allocating portfolios.

Guwahati gets India's longest river ropeway

Guwahati gets India's longest river ropeway

Rediff.com24 Aug 2020

Built at a cost of Rs 56 crore, the ropeway will cover a distance of 1.8 km, and bring down the travelling time between north Guwahati and the central part of the city to eight minutes.