News for 'state finance department'

Budget Session of Parliament to begin today with President's address

Budget Session of Parliament to begin today with President's address

Rediff.com31 Jan 2022

The Budget Session of Parliament will commence on Monday and is scheduled to conclude on April 8 wherein the first part of the session will extend up to February 11, said the Lok Sabha Secretariat on Sunday.

Pak home to 12 foreign terrorist organisations: Report

Pak home to 12 foreign terrorist organisations: Report

Rediff.com28 Sep 2021

United States officials have identified Pakistan as a base of operations or target for numerous armed and non state militant groups, some of which have existed since the 1980s, the independent Congressional Research Service said in the report.

'Appropriate decision on Maha lockdown after April 14'

'Appropriate decision on Maha lockdown after April 14'

Rediff.com11 Apr 2021

Thackeray is scheduled to hold consultations with the finance and other state departments on Monday and discussion will also take place in the cabinet meeting later this week.

NITI Aayog: States react with caution, want fine print

NITI Aayog: States react with caution, want fine print

Rediff.com3 Jan 2015

While Congress-ruled states such as Kerala, Karnataka and Assam expressed fears about the sudden demise of the planning process and wondered what it would be replaced with, also worrying about the immediate implications on annual Plan outlays, Andhra Pradesh said it was considering setting up its own NITI Aayog.

Regulatory burden on 8 sectors to be eased soon

Regulatory burden on 8 sectors to be eased soon

Rediff.com12 Dec 2020

In the first phase, most of the outdated regulations in the state and central Acts will be removed. Further, compliances with regard to annual inspections, licence renewal, and storage of multiple data will be eased.

Is Pawar, not Uddhav, Running Maharashtra?

Is Pawar, not Uddhav, Running Maharashtra?

Rediff.com9 May 2022

The perception is rapidly gaining ground that though the chief minister is from the Shiv Sena, the government is being run by the NCP.

US reaffirms support for India's membership to UNSC, NSG

US reaffirms support for India's membership to UNSC, NSG

Rediff.com12 Apr 2022

The Biden administration has reaffirmed its commitment to support India's permanent membership in a reformed UN Security Council and New Delhi's entry to the Nuclear Suppliers' Group.

3 banking reforms suggested by Raghuram Rajan

3 banking reforms suggested by Raghuram Rajan

Rediff.com21 Sep 2020

A paper authored by Rajan said, state-linked banks can be a first step in altering the ownership structure of some PSBs, where the government brings down its stakes to below 50 per cent, creating distance from operations of banks, and improving governance along the way.

MP CM allocates portfolios, Scindia loyalists get key ministries

MP CM allocates portfolios, Scindia loyalists get key ministries

Rediff.com13 Jul 2020

The 28 new ministers who joined the Chouhan cabinet on July 2 include 20 of cabinet rank and eight ministers of state.

NEP Opens Doors For Foreign Universities

NEP Opens Doors For Foreign Universities

Rediff.com21 Jun 2022

'We are receiving a steady stream of interest from well-established foreign universities.'

Asset monetisation worth Rs 96,000 crore completed

Asset monetisation worth Rs 96,000 crore completed

Rediff.com13 Apr 2022

The Centre has completed asset monetisation worth Rs 96,000 crore during FY22, surpassing the target of Rs 88,000 crore. For FY23, it has set itself a goal of Rs 1.62 trillion, and already has a pipeline of assets worth Rs 1.6 trillion under advanced stages of implementation, an official said. Union Finance Minister Nirmala Sitharaman on Tuesday reviewed the progress made by several ministries and nudged departments to achieve the targets set for them, the official added.

GST collection up 18% at over Rs 1.33 lakh cr in Feb

GST collection up 18% at over Rs 1.33 lakh cr in Feb

Rediff.com1 Mar 2022

GST collections in February grew 18 per cent to over Rs 1.33 lakh crore in February even as the Omicron wave dented the month-on-month collection momentum. This is for the fifth time in the current fiscal that the Goods and Services Tax (GST) collection has crossed Rs 1.30 lakh crore mark. Also, this is the first time, cess collection has crossed the Rs 10,000 crore mark, signifying recovery in certain key sectors, especially automobile sales, the finance ministry said on Tuesday.

14-point taxman's charter comes with 6 points for citizens

14-point taxman's charter comes with 6 points for citizens

Rediff.com13 Aug 2020

The income tax department was committed to treat every taxpayer as honest, unless proven otherwise, and provide fair, courteous and reasonable treatment, according to the taxpayers' charter adopted on Thursday. The charter also expects taxpayers to pay taxes on time and be honest and compliant.

Portfolios allocated to ministers in Rajasthan; Gehlot keeps 9, Pilot 5

Portfolios allocated to ministers in Rajasthan; Gehlot keeps 9, Pilot 5

Rediff.com27 Dec 2018

Apart from the chief minister and deputy chief minister, 13 cabinet and 10 ministers of state were allocated portfolios.

Why public sector companies are unable to attract talent for higher posts

Why public sector companies are unable to attract talent for higher posts

Rediff.com18 Sep 2022

Earlier this year, the Union Cabinet gave the management of state-run companies the freedom to decide on divesting their subsidiaries. However, the very next day a meeting was held at the top level of the Government of India, for the presentation of proposals for more autonomy for state-run companies. Interestingly, no chiefs of any of these companies were invited. It is a problem that will stare the government in the face with the state-owned banks too, as talks have again begun for inviting strategic investments in these companies.

Govt seeks Parl nod for Rs 1.07 lakh cr additional spend

Govt seeks Parl nod for Rs 1.07 lakh cr additional spend

Rediff.com14 Mar 2022

According to the third batch of supplementary demands for grants tabled in the Lok Sabha, approval is being sought for gross additional expenditure of over Rs 1.58 lakh crore.

Pak failed to stop LeT, JeM funds, recruiting: US

Pak failed to stop LeT, JeM funds, recruiting: US

Rediff.com2 Nov 2019

The US State Department, in its Congressional mandated annual Country Reports on Terrorism for the year 2018, on Friday said even though the Pakistani government voiced support for political reconciliation between the Afghan government and the Taliban, it did not restrict the terror group and the Haqqani Network from operating in Pakistan-based safe havens and threatening the US and Afghan forces in Afghanistan.

Mamata cancels China visit as 'political meetings at appropriate level' not confirmed

Mamata cancels China visit as 'political meetings at appropriate level' not confirmed

Rediff.com22 Jun 2018

Till Thursday, everything was "going well", the chief minister said, adding that unfortunately, "the political meetings at the appropriate level" could not be confirmed.

Budget Session: Opposition to corner govt over China, Pegasus

Budget Session: Opposition to corner govt over China, Pegasus

Rediff.com30 Jan 2022

The session will begin with President Ram Nath Kovind's address to the Lok Sabha and Rajya Sabha assembled together in the Central Hall and chambers of both the Houses in view of the COVID-19 situation.

Power rate cut: Wait for Mumbaikars gets longer

Power rate cut: Wait for Mumbaikars gets longer

Rediff.com19 Feb 2014

Maharashtra Cabinet undecided over providing subsidy to private utilities.

Customary 'Halwa ceremony' kickstarts Budget proceedings

Customary 'Halwa ceremony' kickstarts Budget proceedings

Rediff.com23 Jan 2021

As part of the ritual, ''halwa'' is prepared in a big ''kadhai'' (large frying pot) and served to the entire staff involved in the Budget making exercise of the ministry. Halwa was served while maintaining COVID protocol with all present in mask and those distributing sweets were wearing gloves.

Sisodia may be arrested in 2-3 days, says Kejriwal

Sisodia may be arrested in 2-3 days, says Kejriwal

Rediff.com23 Aug 2022

Sisodia said the growing enthusiasm among the people of Gujarat in supporting the AAP in Gujarat was the reason behind the CBI action against him.

The sorry state of Delhi's bureaucrats

The sorry state of Delhi's bureaucrats

Rediff.com1 Jun 2015

A tussle between the Delhi government and the Lt Governor has left bureaucrats vulnerable to sudden transfers.

HARASS Tax-Payers with Notices is New I-T Game

HARASS Tax-Payers with Notices is New I-T Game

Rediff.com17 Aug 2021

In a most perverse example of tax bullying, someone I know has got by three such notices reopening his assessment minutes before the midnight deadline of June 30, reveals Debashis Basu.

Glitches in new I-T portal: FinMin, Infy to meet on June 22

Glitches in new I-T portal: FinMin, Infy to meet on June 22

Rediff.com21 Jun 2021

Two weeks since the much talked about new income tax return filing portal was launched, technical glitches continue to mar the site, an issue finance ministry officials will take up in a meeting with Infosys -- the vendor which provided the IT solution -- at a meeting on Tuesday. Several stakeholders have submitted written inputs highlighting the issues facing the portal as well as areas that need to be fixed. At the company's annual shareholder meeting, Infosys had on Saturday stated that it is working to resolve the issues and has already succeeded on some fronts.

No change in fiscal year; applicability of stamp duty extended by 3 months

No change in fiscal year; applicability of stamp duty extended by 3 months

Rediff.com30 Mar 2020

The finance ministry said the notification pertains to putting in place an efficient mechanism for collection of stamp duty on security market instruments transactions through stock exchanges or clearing corporations authorised by stock exchanges and depositories.

LIC valuation delay may push IPO plan beyond FY22

LIC valuation delay may push IPO plan beyond FY22

Rediff.com19 Dec 2021

The government is unlikely to come up with the IPO of Life Insurance Corporation (LIC) in the current financial year ending March 2022, as the valuation of the state-owned behemoth is taking more than anticipated time, and the preparatory work is still far from complete. There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official of one of the merchant bankers said. Even after the valuation, there are several regulatory processes that have concluded, the official said.

26/11 attack mastermind Lakhvi arrested in Pakistan

26/11 attack mastermind Lakhvi arrested in Pakistan

Rediff.com2 Jan 2021

Lakhvi, who was on bail since 2015 in the Mumbai attack case, was arrested by the Counter-Terrorism Department.

Challenges before NITI Aayog's Suman Bery

Challenges before NITI Aayog's Suman Bery

Rediff.com14 Jun 2022

The most immediate challenge for growth is the disruption of the global economy brought about by the Ukraine war and related sanctions, the Covid shutdowns in China and the rising tide of inflation, points out Nitin Desai.

Meeting FY22 fiscal deficit target hinges on divestment

Meeting FY22 fiscal deficit target hinges on divestment

Rediff.com28 Dec 2021

After the government sought Parliament's nod for a second batch of supplementary demand for grants that will cause a hit of Rs 2.99 trillion to the exchequer, doubts suddenly arose about the government's ability to meet the Budget projections of reining in its fiscal deficit at 6.8 per cent of gross domestic product (GDP), or Rs 15.06 trillion, for the current financial year. Till now, many were of the opinion that the government would succeed in checking the deficit at a much lower figure than what was given in the Budget Estimates (BE). The government had sought Parliament's approval to spend Rs 3.74 trillion extra, but Rs 74,517.01 crore will be matched by equal savings on other heads.

Chouhan faces big challenges in fourth term as CM

Chouhan faces big challenges in fourth term as CM

Rediff.com8 Apr 2020

The COVID-19 pandemic, weak economic conditions, and a few political considerations are some of the challenges he faces.

Stalin goes with experience, expertise

Stalin goes with experience, expertise

Rediff.com8 May 2021

Stalin has given due respect to seniority in the pecking order, but has also taken into consideration the demands of individual ministries and the suitability of individuals, observes N Sathiya Moorthy.

Tableau row: Rajnath tries to pacify Mamata, TMC says 'dignity hurt'

Tableau row: Rajnath tries to pacify Mamata, TMC says 'dignity hurt'

Rediff.com18 Jan 2022

In his letter, Singh hinted since the Central Public Works Department's tableau already featured Bose, West Bengal's float was not included for the parade, without saying it in so many words.

Girish Chandra Murmu assumes office as CAG

Girish Chandra Murmu assumes office as CAG

Rediff.com8 Aug 2020

Murmu made and subscribed to the oath of office before President Ram Nath Kovind, according to a Rashtrapati Bhavan statement.

Time to END Bank Nationalisation

Time to END Bank Nationalisation

Rediff.com30 Jul 2021

Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.

Tatas top bidder for Air India, but no govt nod yet

Tatas top bidder for Air India, but no govt nod yet

Rediff.com1 Oct 2021

Tata Sons has emerged as the top bidder for the takeover of debt-laden State-run airline Air India but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah, sources said.

Nitish Kumar, The King Of Somersaults

Nitish Kumar, The King Of Somersaults

Rediff.com16 Aug 2022

Wait for a while before he does another somersault... But one thing is reasonably certain -- the twice betrayed BJP may not embrace him again, predicts Virendra Kapoor.

24 new ministers take oath in Gujarat, team Rupani out

24 new ministers take oath in Gujarat, team Rupani out

Rediff.com17 Sep 2021

Governor Acharya Devvrat administered the oath to 10 cabinet ministers and 14 ministers of state, including five ministers of state with independent charge.

Meet Urjit Patel, RBI's 24th Governor

Meet Urjit Patel, RBI's 24th Governor

Rediff.com20 Aug 2016

As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank

Gujarat officer set to become higher education secretary

Gujarat officer set to become higher education secretary

Rediff.com12 Sep 2014

Meet the civil servant who will take Prime Minister Modi's plans for education to another level.