News for 'state finance department'

Factional feud, poll promises major challenges for new Cong govt in Himachal

Factional feud, poll promises major challenges for new Cong govt in Himachal

Rediff.com11 Dec 2022

Allocation of portfolios would be the immediate vexatious issue for the party, with supporters of Virbhadra Singh already feeling sidelined after the elevation of the late chief minister's professed rival Sukhu.

Lok Sabha passes supplementary grants without debate

Lok Sabha passes supplementary grants without debate

Rediff.com21 Mar 2023

On March 13, Minister of State for Finance Pankaj Chaudhary had tabled the second batch of supplementary demands for grants in the House amounting to a total of Rs 2,70,508.89 crore.

Stay united, fight terror: Trump to Gulf states

Stay united, fight terror: Trump to Gulf states

Rediff.com7 Jun 2017

US President Donald Trump spoke with Saudi Arabia's King Salman amid the Arab world's biggest diplomatic crisis in years over Qatar's alleged support to extremists, reports Lalit K Jha.

CBI registers 2 FIRs on graft charges by ex-JK Guv Malik, searches 14 places

CBI registers 2 FIRs on graft charges by ex-JK Guv Malik, searches 14 places

Rediff.com21 Apr 2022

The CBI after registering the FIRs carried out searches on Thursday morning at 14 locations in Jammu, Srinagar, Delhi, Mumbai, Noida in Uttar Pradesh, Trivandrum in Kerala and Darbhanga in Bihar, they said.

Tasks Cut Out For New Commerce Secretary

Tasks Cut Out For New Commerce Secretary

Rediff.com26 Sep 2022

The government is targeting export of goods and services worth $2 trillion by 2030.

Biden imposes new sanctions on Russia for annexing Ukrainian regions

Biden imposes new sanctions on Russia for annexing Ukrainian regions

Rediff.com1 Oct 2022

Meanwhile, US President Joe Biden condemned Russia's annexation of Ukrainian territory on Friday.

'Modi Fatigue Has Set In'

'Modi Fatigue Has Set In'

Rediff.com3 Apr 2024

'Modigate is snowballing into a huge thing with the electorate. The BJP is in for huge punishment by the electorate.'

Rs 1,900 crore deficit likely to hit infrastructure projects in FY23

Rs 1,900 crore deficit likely to hit infrastructure projects in FY23

Rediff.com20 Apr 2022

The Parliamentary Standing Committee on Commerce has observed that a massive shortfall in the budgetary allocation of over Rs 1,900 crore by the finance ministry to the industry department may have an adverse impact on the implementation of infrastructure (infra) projects in 2022-23 (FY23). While the Department for Promotion of Industry and Internal Trade (DPIIT) had sought Rs 10,267 crore from the finance ministry for FY23, it received Rs 8,348-crore allocation. For the National Industrial Corridor Development & Implementation Trust (NICDIT), the finance ministry has allocated Rs 1,500 crore instead of Rs 2,400 crore demanded for the project.

'Believe me, nobody can do reassurance better than Mr Modi'

'Believe me, nobody can do reassurance better than Mr Modi'

Rediff.com1 Oct 2023

'You ain't seen anything yet,' EAM Jaishankar says about the India-US relationship.

Punjab 1st state to withdraw hike in minimum wages

Punjab 1st state to withdraw hike in minimum wages

Rediff.com12 May 2020

The Karnataka government is also expected to follow suit and withdraw its decision to raise the variable DA.

'Technology' appears 44 times in Modi-Biden statement, up from 5 three years ago

'Technology' appears 44 times in Modi-Biden statement, up from 5 three years ago

Rediff.com24 Jun 2023

From the seas to the stars, this partnership will now be deepened by the defining role of technology, the statement said.

India asks for $55-million funding in first call with Pandemic Fund

India asks for $55-million funding in first call with Pandemic Fund

Rediff.com30 May 2023

In a significant development, India is believed to have placed a funding request of around $55 million in its first call with the Pandemic Fund of the World Bank, sources said. The fund has been set up to finance critical investments in a bid to strengthen pandemic prevention, preparedness, and response capacities at national, regional, and global levels, with a focus on low- and middle-income countries. It was created in the aftermath of the Covid-19 global pandemic.

Health sector allocation hiked by 13% in Union Budget

Health sector allocation hiked by 13% in Union Budget

Rediff.com1 Feb 2023

The health sector has been allocated Rs 89,155 crore in the Union Budget 2023-24, a hike of around 13 per cent over Rs 79,145 crore allocated in 2022-23, with the government also announcing a mission to eliminate sickle cell anaemia by 2047.

How a tortoise made due diligence process NPA-free

How a tortoise made due diligence process NPA-free

Rediff.com28 Dec 2022

Only NIIF has stayed the course as a viable infrastructure financing institution.

Maruti urges Guj Gov to rework Hansalpur plant agreement

Maruti urges Guj Gov to rework Hansalpur plant agreement

Rediff.com5 Mar 2014

Maruti Suzuki is keen that the Gujrat government revises payment condition in the agreement it signed with the former for setting up a plant in Hansalpur.

Govt to create higher education financing agency

Govt to create higher education financing agency

Rediff.com2 Mar 2016

Entrepreneurship, education and training will be provided in 2,200 colleges, 300 schools, 500 government ITIs and 50 vocational training centres through massive open online courses.

FM asks India Inc to clear dues to MSMEs in 45 days

FM asks India Inc to clear dues to MSMEs in 45 days

Rediff.com16 Sep 2022

Finance Minister Nirmala Sitharaman on Friday asked private sector companies to clear dues to small businesses within 45 days and admitted that the central departments and enterprises are also not making payments to them on time. She conceded that the Centre, states and state-owned enterprises too have outstanding dues to micro, small and medium enterprises (MSMEs). The minister said that at a meeting with big businesses here two days ago, she had appealed to them to ensure that the dues of small businesses, who are the backbone of the economy, are cleared on time.

Niti Aayog's suggestions to improve governance in states

Niti Aayog's suggestions to improve governance in states

Rediff.com14 Aug 2015

Niti Aayog has come out with an initiative to improve governance in states.

I-T sleuths raid unrecognised political parties across India

I-T sleuths raid unrecognised political parties across India

Rediff.com7 Sep 2022

The income tax department on Wednesday conducted raids in multiple states as part of a pan-India tax evasion probe against certain registered unrecognised political parties (RUPP) and their alleged dubious financial transactions, official sources said.

Ajit Pawar back as deputy CM for 3rd time in 4 yrs

Ajit Pawar back as deputy CM for 3rd time in 4 yrs

Rediff.com2 Jul 2023

Pawar, who was also the deputy CM in the previous Uddhav Thackeray-led Maha Vikas Aghadi (MVA) government, which was in power from November 2019 to June 2022, enjoys the image of a grassroot leader and an able administrator.

Biden proposes over $25 bn spend in Indo-Pacific to out-compete China

Biden proposes over $25 bn spend in Indo-Pacific to out-compete China

Rediff.com10 Mar 2023

This includes over $15 billion of proposed investment in the infrastructure sector in the Indo-Pacific and $9 billion for shoring up American defence in the region.

3-day survey found many tax-linked irregularities at BBC, says I-T dept

3-day survey found many tax-linked irregularities at BBC, says I-T dept

Rediff.com17 Feb 2023

The income and profits shown by various BBC group entities are "not commensurate" with the scale of their operations in India and tax has not been paid on certain remittances by its foreign entities, the income tax authorities said Friday, a day after they ended a three-day-long survey operation against the British media organisation.

Govt lifts expenditure curbs linked to Covid-19

Govt lifts expenditure curbs linked to Covid-19

Rediff.com24 Sep 2021

The finance ministry on Friday withdrew expenditure curbs on various departments and ministries imposed in June in the wake of the COVID-19 second wave, reflecting improvement in public finances and the urgency to step up growth.

Dept of Public Enterprises now part of FinMin

Dept of Public Enterprises now part of FinMin

Rediff.com7 Jul 2021

The government has merged the Department of Public Enterprises (DPE) with the finance ministry to give it a better control over state-owned firms and facilitate its ambitious privatisation programme. Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry of heavy industries and public enterprises will now be called the ministry of heavy industries. Previously, the disinvestment ministry - created under the Atal Bihari Vajpayee government - was merged with the finance ministry and is now a department under it. Also, Foreign Investment Promotion Board (FIPB) was abolished and administration of foreign investments was given to the finance ministry (FinMin).

From Lambretta to Aamby Valley Project: Rise and fall of Subrata Roy

From Lambretta to Aamby Valley Project: Rise and fall of Subrata Roy

Rediff.com16 Nov 2023

The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.

In ChatGPT's shadow, India readies for aggressive AI play

In ChatGPT's shadow, India readies for aggressive AI play

Rediff.com11 Mar 2023

The government has identified nine key focus areas in the AI national programme, including agriculture, education, Indian languages, smart cities, cybersecurity, transportation, and finance.

Arun Jaitley cremated with state honours, hundreds pay last respect

Arun Jaitley cremated with state honours, hundreds pay last respect

Rediff.com25 Aug 2019

BJP workers and mourners queued up in large numbers outside the party headquarters since morning to pay their last respects to the leader.

I-T raids Maha dy CM Ajit Pawar's family, realtors

I-T raids Maha dy CM Ajit Pawar's family, realtors

Rediff.com7 Oct 2021

Pawar said he was upset that his three sisters were dragged into this.

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.

ED allowed to share information about economic offenders with 15 more agencies

ED allowed to share information about economic offenders with 15 more agencies

Rediff.com28 Nov 2022

The government has allowed the Enforcement Directorate to share information about economic offenders with 15 more agencies, including SFIO, CCI and NIA, a move that will expedite nailing of law-breakers. The finance ministry notified changes to the Prevention of Money Laundering Act (PMLA), 2002, on November 22. Through the notification, the Enforcement Directorate (ED), which deals primarily with cases of money laundering and violations of foreign exchange laws, would be able to share data with a total of 25 agencies, including the 10 specified earlier.

Unwell Nitish skips Chennai but Friday's Opposition conclave is very much on

Unwell Nitish skips Chennai but Friday's Opposition conclave is very much on

Rediff.com20 Jun 2023

Ill-health forced Bihar Chief Minister Nitish Kumar to cancel his scheduled visit to Chennai on Tuesday, where he was invited by his Tamil Nadu counterpart MK Stalin, a key aide of the Janata Dal-United leader said.

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.

Fadnavis govt hit by another scam: Vinod Tawde faces graft allegations

Fadnavis govt hit by another scam: Vinod Tawde faces graft allegations

Rediff.com30 Jun 2015

Another minister -- Vinod Tawde -- has been accused of corruption in awarding contracts.

Bhupendra Patel takes oath as Gujarat CM, allots portfolios

Bhupendra Patel takes oath as Gujarat CM, allots portfolios

Rediff.com13 Dec 2022

Patel was administered the oath as the 18th chief minister by Governor Acharya Devvrat at a function held at the Helipad Ground near the new Secretariat.

Database State to Surveillance State

Database State to Surveillance State

Rediff.com31 Jan 2017

The plan of UID/Aadhaar-based surveillance does not end with the collection of fingerprints and iris scan, it goes quite beyond it and poses a lethal threat to the idea of India, says Gopal Krishna.

NASA, ISRO to send joint space missions

NASA, ISRO to send joint space missions

Rediff.com22 Jun 2023

"On space, we will be able to announce that India is signing the Artemis Accords, which advance a common vision for space exploration for the benefit of all humankind," a senior administration official said hours before the meeting between Prime Minister Narendra Modi and President Joe Biden in the Oval Office.

Uddhav strips 9 rebel ministers of portfolios, reassigns to others

Uddhav strips 9 rebel ministers of portfolios, reassigns to others

Rediff.com27 Jun 2022

Maharashtra Chief Minister Uddhav Thackeray has handed over portfolios of nine rebel ministers, who are currently camping in Guwahati, to other ministers.

Maharashtra imposes cap on spending

Maharashtra imposes cap on spending

Rediff.com28 Oct 2004

TN governor re-allocates Balaji's portfolios, wants him dropped

TN governor re-allocates Balaji's portfolios, wants him dropped

Rediff.com16 Jun 2023

Tamil Nadu Governor R N Ravi on Friday re-allocated the portfolios held by arrested state Minister V Senthil Balaji, on the recommendations of Chief Minister M K Stalin but "has not agreed" to the minister continuing in the cabinet, the Raj Bhavan said.

Delhi allows home delivery of liquor for orders placed on app, website

Delhi allows home delivery of liquor for orders placed on app, website

Rediff.com1 Jun 2021

The move will boost the government's revenue at a time when Delhi's economy is struggling in view of the Covid-induced lockdown that has been in place since April 19.