News for 'state finance department'

'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.

Netanyahu-led coalition to form govt in Israel

Netanyahu-led coalition to form govt in Israel

Rediff.com4 Nov 2022

Former Prime Minister Benjamin Netanyahu led right-wing bloc has secured an emphatic victory in Israel's general elections by claiming 64 out of the 120 seats in parliament, bringing the country's longest-serving premier back at the helm after a brief gap and also ending prolonged political instability.

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.

Jaishankar raises US visa delay, Blinken says sensitive to it

Jaishankar raises US visa delay, Blinken says sensitive to it

Rediff.com28 Sep 2022

Blinken blamed the COVID-19 pandemic for a backlog of visa applications from Indian nationals.

BPCL privatisation not on cards for now

BPCL privatisation not on cards for now

Rediff.com15 Sep 2022

Oil Minister Hardeep Singh Puri on Thursday indicated that the much-delayed privatisation of oil major BPCL may not happen in the near future, saying there is "no proposal whatsoever" on his table for now. As part of its asset monetisation plan, the government had in November 2019 put Bharat Petroleum Corporation (BPCL) on the block and said it would completely sell its 52.98 per cent stake in the country's second largest state-run oil refiner and marketer. Though it had received three tentative bids, it got only one financial bid from Vedanta group, forcing it in May 2022 to shelve the plan pending a "comprehensive review".

'People's President' Kalam laid to rest with full state honours

'People's President' Kalam laid to rest with full state honours

Rediff.com30 Jul 2015

In a spontaneous outpouring of grief, thousands of people bid an emotional farewell to former President APJ Abdul Kalam who was on Thursday laid to rest with full state honours in his home town here amid chants of "Bharat Mata Ki Jai".

Goa Chief Minister Parrikar heads to US for treatment

Goa Chief Minister Parrikar heads to US for treatment

Rediff.com7 Mar 2018

Before leaving for Mumbai on Tuesday, Parrikar held a series of meetings, including one with senior state ministers.

At Rs 4,200 crore, this year's Kumbh Mela costliest ever

At Rs 4,200 crore, this year's Kumbh Mela costliest ever

Rediff.com16 Jan 2019

The previous state government had spent around Rs 1,300 crore for the Maha Kumbh, which was held in 2013.

How Adani Saga Affects Indian Banks

How Adani Saga Affects Indian Banks

Rediff.com27 Feb 2023

While the collapse of a large financial intermediary can wreak havoc on the system because of the interconnectivity, a large business conglomerate too can play spoilsport if the banks have too much exposure to the entity, explains Tamal Bandyopadhyay.

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.

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.

Maharashtra lifts stay on Metro car shed at Aarey, puts project on fast track

Maharashtra lifts stay on Metro car shed at Aarey, puts project on fast track

Rediff.com21 Jul 2022

In an important decision, the new government in Maharashtra on Thursday announced lifting of the stay on the construction of Mumbai Metro-3 car shed at the controversial site in the Aarey Colony, a green belt in the city's western suburbs.

State of economy: Glass half-empty or half-full?

State of economy: Glass half-empty or half-full?

Rediff.com14 Nov 2017

While naysayers say the economy is on a downward spiral, optimists point out that India has experienced a shift of gears in the realm of policies, thanks to several initiatives of the Narendra Modi government, says Ashok K Lahiri.

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.

Why AAP is finding it tough to finance power tariff reduction

Why AAP is finding it tough to finance power tariff reduction

Rediff.com7 Feb 2014

Despite their promised and announced reduction in power prices, the Arvind Kejriwal-led Delhi government may want keep the issue on the burner for sometime longer, since none of the concerned players are ready to give an inch, and seem raring for a fight, says Upasna Pandey

MFs Expect Sebi To Tighten Norms Further

MFs Expect Sebi To Tighten Norms Further

Rediff.com2 Apr 2022

'Looking at the speed at which changes were made post the Franklin Templeton issue, we are awaiting more stricter norms in the months to come.'

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.

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.

India pushes for rupee trade with Cuba

India pushes for rupee trade with Cuba

Rediff.com20 Sep 2022

The Centre is pushing for bilateral trade with Cuba and its settlement in rupee as a part of its strategy to internationalise the domestic currency. A delegation from Cuba, including officials from its central bank, met Indian government officials and banks last month to discuss bilateral trade and settlement using the Reserve Bank of India's (RBI's) payment mechanism in rupee, said people aware of the matter. Since the Cuban nation has opened up its economy and is looking to implement reforms to attract investments from India, Cuban banks have evinced interest in opening special rupee vostro accounts (SRVAs) with Indian banks.

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.

India's deep discounts on Russian crude will stay

India's deep discounts on Russian crude will stay

Rediff.com6 Dec 2022

Even as the Group of Seven (G7) price cap on Russian crude oil enters into force as of December 5, India has been assured it will continue to receive the existing deep discounts on Russian oil, for the time being, informed officials. "We have been assured by our Russian partners of uninterrupted crude supplies at the existing rates for the time being. "There were a lot of reports of changes in (India's) buying patterns after the global price cap took hold.

India-Germany ties a model of success, says Modi, as 2 nations sign $10.5 bn green deal

India-Germany ties a model of success, says Modi, as 2 nations sign $10.5 bn green deal

Rediff.com2 May 2022

Prime Minister Narendra Modi said on Monday that the partnership between India and Germany could serve as an example of success in a complex world as the two sides inked several agreements focused on sustainable development under which India would receive USD 10.5 billion assistance by 2030 to boost the use of clean energy.

Mumbai on tenterhooks as cyclone Nisarga approaches

Mumbai on tenterhooks as cyclone Nisarga approaches

Rediff.com3 Jun 2020

With the cyclone set to make landfall on Wednesday, Maharashtra and Gujarat activated their disaster response mechanism, deploying NDRF teams and evacuating people from areas likely to be hit.

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.

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.

Post Pulwama, Pak remains safe haven for terrorists: US

Post Pulwama, Pak remains safe haven for terrorists: US

Rediff.com24 Jun 2020

The suspension of US aid to Pakistan, which was announced by President Donald Trump in January 2018, remained in effect throughout 2019, the State Department said.

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.

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.

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.

22 dead in UP as heavy rains cause wall collapses, damage house

22 dead in UP as heavy rains cause wall collapses, damage house

Rediff.com16 Sep 2022

Heavy overnight rains in Uttar Pradesh on Friday led to the deaths of at least 22 people, including nine labourers who were buried alive under the debris when an under-construction wall in the state capital collapsed on their huts.

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.

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.

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.

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.

Bureaucratic rejig at Centre: New secys appointed

Bureaucratic rejig at Centre: New secys appointed

Rediff.com13 Dec 2019

The appointment of new expenditure secretary comes a month-and-a-half ahead of the Budget for 2020-21 to be presented on February 1.

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.

Imran seeks better ties with US, retracts 'American plot behind ouster' claim

Imran seeks better ties with US, retracts 'American plot behind ouster' claim

Rediff.com14 Nov 2022

In an interview with the Financial Times following an assassination attempt this month, Khan said he no longer 'blamed' the US and wants a 'dignified' relationship if re-elected.

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.'

India likely to go in appeal against Cairn arbitration award

India likely to go in appeal against Cairn arbitration award

Rediff.com19 Feb 2021

The government is likely to file an appeal against the Cairn arbitration award contesting its sovereign rights to tax, sources said.