News for 'state finance department'

Kalyan Singh cremated, top leaders attend funeral

Kalyan Singh cremated, top leaders attend funeral

Rediff.com23 Aug 2021

The two-time CM, who had also been the Rajasthan Governor, died at a Lucknow hospital on Saturday after prolonged illness.

How govt plans to buy med devices cheaply for Ayushman

How govt plans to buy med devices cheaply for Ayushman

Rediff.com15 Dec 2019

According to a senior government official, the plan is to do "collective bargaining" for certain medical devices and implants by assuring a bulk requirement to the manufacturers. "The requirement for these devices runs into millions. We assure them that the requirement is going to be in bulk. In return, they should offer us better rates," he said.

Australia rushes to file defence of Djokovic ban

Australia rushes to file defence of Djokovic ban

Rediff.com9 Jan 2022

Australian authorities scrambled on Sunday to file a legal defence of their decision to bar entry to tennis world number one Novak Djokovic over his COVID-19 vaccination status, as the Serbian superstar spent his fourth day in immigration detention.

'Arrest Chitra, find others involved in NSE scam'

'Arrest Chitra, find others involved in NSE scam'

Rediff.com22 Feb 2022

'This issue is related to national security because they were compromising the entire capital markets's core infrastructure by leaking confidential information.' 'What would have happened if the servers had come down?' 'Or some confidential information leaked to terrorists who could have knocked out our capital market?'

KochharGate: A Litmus Test For CBI

KochharGate: A Litmus Test For CBI

Rediff.com9 Jan 2023

In Chanda's defence, one can always say, why would the Videocon Group take care of her husband as a quid pro quo to get a loan? After all, the group has taken money from the entire banking industry and ICICI Bank's share in the pie is not even 10 per cent. So, if it had a quid pro quo with Chanda to get the money, it must have had similar arrangements with other banks, too. If this is not the case, one must accept that it had got money from all banks, including ICICI, without any under-the-table conditions, points out Tamal Bandyopadhyay.

Tax notice on free banking services may be withdrawn

Tax notice on free banking services may be withdrawn

Rediff.com10 May 2018

Every bank offers a different slab of minimum balance to customers, based on which 'free services' are provided

EC Lavasa's son under ED scanner for FEMA violations

EC Lavasa's son under ED scanner for FEMA violations

Rediff.com12 Nov 2019

The trouble for Ashok Lavasa's family began a few months back when his wife, Novel Singhal Lavasa, came under the scanner of the income tax department on charges of alleged tax evasion.

Lalu gets 5-year jail in fodder scam case, fined Rs 60 lakh

Lalu gets 5-year jail in fodder scam case, fined Rs 60 lakh

Rediff.com21 Feb 2022

"Lalu Prasad has been sentenced to 5 years imprisonment while a penalty of Rs 60 lakh has also been imposed on him. Apart from Prasad, five years imprisonment each was announced by the Court for five convicts, four years each for 32 convicts and three years each for three convicts," CBI counsel B M P Singh told PTI.

Govt to seek Par nod for Rs 37K cr infra push

Govt to seek Par nod for Rs 37K cr infra push

Rediff.com25 Oct 2020

The government will seek Parliament's approval for Rs 37,000-crore additional spending on infrastructure development in the second batch of supplementary demands for grant. Earlier this month, Finance Minister Nirmala Sitharaman had announced additional budget of Rs 25,000 crore as capital expenditure (capex) on roads, defence, water supply, urban development and domestically produced capital equipment. Besides, the central government approved issuance of a special interest-free 50-year loan to states of Rs 12,000 crore for infrastructure development.

UP portfolios announced; Adityanath retains home

UP portfolios announced; Adityanath retains home

Rediff.com22 Mar 2017

The list has been sent to Governor Ram Naik for approval.

What Went Wrong at Axis Mutual Fund

What Went Wrong at Axis Mutual Fund

Rediff.com24 May 2022

Following the money and freezing anything unaccounted is the only way to set an example for others, suggests Debashis Basu.

Ex-bureaucrat Rajiv Kumar to replace Lavasa as EC

Ex-bureaucrat Rajiv Kumar to replace Lavasa as EC

Rediff.com22 Aug 2020

Rajiv Kumar is a retired IAS officer of 1984 batch of Jharkhand cadre.

GST rates for cars, two-wheelers may be cut

GST rates for cars, two-wheelers may be cut

Rediff.com4 Sep 2020

The heavy industries ministersaid that the proposal for the auto scrappage policy was ready and all stakeholders have provided inputs, therefore its announcement was likely very soon.

Software royalty likely to cost Centre Rs 5,000 crore every year

Software royalty likely to cost Centre Rs 5,000 crore every year

Rediff.com15 Mar 2021

Sources said about hundreds of companies, including Facebook and Amazon, could seek tax refund because they import software for sale in India.

Spread of Omicron puts spanner in back-to-office work

Spread of Omicron puts spanner in back-to-office work

Rediff.com14 Dec 2021

The spread of the Omicron variant of the coronavirus has made Indian companies persist with their policy of banning overseas trips and allowing only essential travel within India. The IT services firms, which had planned to ask their employees to return to the workplace, are also waiting and watching the Covid-19 situation before fully opening up their offices. Large conglomerates like the Tatas, Birla, JSW and Reliance are continuing with the mandatory social distancing and masking policies within their office premises.

Raids on Taapsee, Anurag: FM says they were raided in 2013 too

Raids on Taapsee, Anurag: FM says they were raided in 2013 too

Rediff.com5 Mar 2021

Asked to comment on the raids, Sitharaman spoke of the 2013 raids not being an issue and they suddenly become one now.

Anurag Thakur's remark on Mahatma kicks up row in RS

Anurag Thakur's remark on Mahatma kicks up row in RS

Rediff.com11 Feb 2021

Noting that the nation got freedom from the British through 'andolans' (protests), he said by that logic Mahatma Gandhi should have been the biggest 'andolanjivi'.

Govt, RBI closely monitoring markets: FM

Govt, RBI closely monitoring markets: FM

Rediff.com13 Mar 2020

Sitharaman also said different departments of the government are working to provide relief to industry, which could be severely impacted by the fast-spreading virus.

2 arrested in connection with blast outside Hafiz Saeed's house

2 arrested in connection with blast outside Hafiz Saeed's house

Rediff.com24 Jun 2021

Pakistani security agencies on Thursday arrested two suspects involved in the car bomb blast outside the house of the 2008 Mumbai terror attack mastermind and chief of the banned Jamat-ud-Dawah (JuD) Hafiz Saeed, an official said.

Pak continues to remain in FATF 'Grey List' over LeT, JeM funding

Pak continues to remain in FATF 'Grey List' over LeT, JeM funding

Rediff.com25 Jun 2020

"The FATF plenary decided continuation of Pakistan in 'Grey List' till its next meeting to be held in October," an official privy to the development told PTI.

UP top cop Javeed Ahmed shunted out in major reshuffle by Adityanath

UP top cop Javeed Ahmed shunted out in major reshuffle by Adityanath

Rediff.com22 Apr 2017

1980-batch IPS officer Sulkan Singh, who was DG-Training, will replace Ahmed, a 1984-batch IPS officer, who has been shifted as the DG of Uttar Pradesh Provincial Armed Constabulary, a senior home department official said.

FinMin asks PSBs, insurers to postpone staff promotions

FinMin asks PSBs, insurers to postpone staff promotions

Rediff.com4 May 2021

The finance ministry has asked public sector banks (PSBs) to postpone the annual exercise of promoting and transferring their staff in the wake of the Covid-19 pandemic. The advisory issued by the Department of Financial Services (DFS) states that the promotion process has coincided with a spike in Covid-19 cases across the country along with localised lockdowns and an increase in micro-containment zones. As there are cases of bank employees or their family members being hospitalised due to Covid-19, bank, insurance companies and financial institutions must take cognizance of the issue, the advisory issued by DFS said.

17 states, over 100 locations: ED launches massive crackdown on shell firms

17 states, over 100 locations: ED launches massive crackdown on shell firms

Rediff.com1 Apr 2017

The agency said it searched a Mumbai-based operator who was running 700 shell companies with 20 dummy directors and had "converted Rs 46.7 crore for Chaggan Bhujbal", the jailed ex-Maharashtra deputy chief minister.

Why India's healthcare system is near collapse today

Why India's healthcare system is near collapse today

Rediff.com10 May 2021

Shortage of ICU beds, oxygen, ventilators, vaccines, doctors, nurses and crematorium space in India has dominated headlines around the world in the past few weeks with Covid-19 cases surging beyond control and the government failing to deliver. Yes, election rallies, Kumbh Mela, blatant flouting of social distancing and mask protocols coupled with a messy vaccination process are said to be responsible for the health crisis of colossal proportions that India is facing today. But an analysis of Budget speeches made by finance ministers over 75 years also offers a glimpse of how low on the priority list healthcare has featured for the political class and policy-makers, which is a significant reason for the current situation.

RBI okays transfer of Rs 99,122 cr surplus to govt

RBI okays transfer of Rs 99,122 cr surplus to govt

Rediff.com21 May 2021

The Reserve Bank on Friday approved the transfer of Rs 99,122 crore as surplus to the central government for the accounting period of nine months ended March 31.

How the US Lost the Opium War in Afghanistan

How the US Lost the Opium War in Afghanistan

Rediff.com20 Sep 2021

The US spent $1.5 million a day since 2001 fighting the opium war in Afghanistan. After hundreds of airstrikes failed to curtail the Taliban's $200-million-a-year opium trade, the US military quietly ended the campaign when the Trump administration officials engaged in direct peace talks with the Taliban, notes Atanu Biswas.

India is in a financial mess

India is in a financial mess

Rediff.com19 Aug 2020

'In a serious fiscal situation like this, an ostrich-like focus on annual budgeting, event management and defensive rhetoric will only make matters worse,' warns Rathin Roy.

Jallikattu in Madurai: Teen spectator gored by raging bull, 59 injured

Jallikattu in Madurai: Teen spectator gored by raging bull, 59 injured

Rediff.com15 Jan 2022

The popular bull- taming competition held on Pongal day in Madurai district left about 59 people, including tamers, bull owners and spectators injured.

The implications of President Park's state visit to India

The implications of President Park's state visit to India

Rediff.com20 Jan 2014

South Korean President Park Geun-hye's visit to India will enhance economic and military ties between the two countries and give the relationship a strategic dimension, says Jiye Kim.

The Politics behind the Budget

The Politics behind the Budget

Rediff.com2 Feb 2021

The BJP would want that by March 2022, when UP votes, the economy starts looking up and it heads into the polls with no other issue distracting from its main poll plank of the construction of the Ram temple in Ayodhya.

Amarinder-Sidhu form 10-member coordination group, ministers get HQ duty

Amarinder-Sidhu form 10-member coordination group, ministers get HQ duty

Rediff.com20 Aug 2021

Punjab Chief Minister Amarinder Singh and state Congress chief Navjot Singh Sidhu on Friday agreed to set up a 10-member strategic policy group to ensure better coordination between the party and the state government and expedite implementation of various government programmes.

Onus for Indo-Pak peace is on Islamabad, says US

Onus for Indo-Pak peace is on Islamabad, says US

Rediff.com8 Jun 2019

Pakistan needs to take practical steps to demonstrate that it is countering terrorist financing and extremists.

Cabinet okays private participation in space sector

Cabinet okays private participation in space sector

Rediff.com24 Jun 2020

The Union Cabinet on Wednesday approved the participation of the private sector in the entire range of space activities, including planetary exploration missions, Union minister Jitendra Singh said. The newly-created Indian National Space Promotion and Authorisation Centre (IN-SPACe) will provide a level playing field for private companies to use Indian space infrastructure, Singh, who is the minister of state in the Prime Minister's Office, said.

Mutual funds: I-T clarifies on 10% TDS

Mutual funds: I-T clarifies on 10% TDS

Rediff.com5 Feb 2020

10% TDS only on dividend paid by mutual funds, not on redemption of units: Tax dept

The new face of economic team at North Block

The new face of economic team at North Block

Rediff.com6 Jan 2015

Jaitley's team presents a quintessential mix of foreign-educated, intellectual technocrats and seasoned bureaucrats

Nirmalaji must wield the whip. Often

Nirmalaji must wield the whip. Often

Rediff.com18 Feb 2021

'Let us hope that this Budget delivers.' 'It needs 10 per cent plus real GDP growth in 2021-22, the rebound year,' notes Omkar Goswami.

How did Pandemic Affect Bank Deposits?

How did Pandemic Affect Bank Deposits?

Rediff.com27 Aug 2021

The correlation between withdrawal of deposits and the Covid death rate is stark, reveals Tamal Bandyopadhyay.

Was this why Murmu was moved out of J&K?

Was this why Murmu was moved out of J&K?

Rediff.com10 Aug 2020

G C Murmu rarely speaks in public and when he does, his statements are always in lockstep with the thinking within this government.

Former J-K governor G C Murmu appointed new CAG

Former J-K governor G C Murmu appointed new CAG

Rediff.com7 Aug 2020

Earlier in the day, President Ram Nath Kovind accepted Murmu's resignation as the Lt Governor of Jammu and Kashmir.

Banks are catalysts of economic revival: Sitharaman

Banks are catalysts of economic revival: Sitharaman

Rediff.com9 Sep 2020

The finance minister said easy access and efficiency in providing banking services will help in revival of businesses which are restarting operations after the lockdown.