News for 'state finance department'

Govt to bring in legislation to regulate crypto currency

Govt to bring in legislation to regulate crypto currency

Rediff.com17 Feb 2021

Operationalising the ban is being fleshed out: it will entail which cryptocurrencies will be banned and how.

DoT gives telcos breathing space on AGR non-payment

DoT gives telcos breathing space on AGR non-payment

Rediff.com23 Jan 2020

Bharti Airtel and Vodafone Idea have communicated to the telecom department that they will not pay AGR dues of Rs 88,624 crore, the deadline for which ended on Thursday, and will wait for the outcome of modification petition listed for hearing before the Supreme Court next week, according to official sources. Reliance Jio on Thursday paid Rs 195 crore to the telecom department to clear all adjusted gross revenue dues accounted till January 31, 2020, according to an official source.

'Where did Kapil Sharma learn to act like this?'

'Where did Kapil Sharma learn to act like this?'

Rediff.com7 Oct 2022

'Karenge aur kaam, sir. Zindagi bahut choti hai, ideas bahut sare hain.'

Andhra top cop shunted out as Jagan takes charge as CM

Andhra top cop shunted out as Jagan takes charge as CM

Rediff.com31 May 2019

The DGP was on the "hit list" of the YSR Congress for some time now, as they were perceived to be close to the previous Telugu Desam Party government.

In its zeal to sell A-I, govt goes slow on others

In its zeal to sell A-I, govt goes slow on others

Rediff.com13 Oct 2021

The Centre's push to sell Air India on priority has led to delays in other strategic divestment proposals, such as privatising United India Insurance, as well as ongoing transactions, such as Shipping Corporation of India (SCI) and Bharat Petroleum Corporation (BPCL), revealed multiple officials involved in the process. The Department of Investment and Public Asset Management (DIPAM) is yet to take new privatisation recommendations of the NITI Aayog to the core group of secretaries on disinvestment (CGD) headed by the Cabinet secretary, said one of the officials. The priority now is to ensure all approvals for Air India are in place since the government intends to hand over the national carrier as early as this month.

Monetary policy specialist Patra is new RBI dy guv

Monetary policy specialist Patra is new RBI dy guv

Rediff.com15 Jan 2020

Patra, as executive director of the central bank, was the principal advisor to the Monetary Policy Department since July 2012.

26/11 mastermind Hafeez Saeed arrested in Pak

26/11 mastermind Hafeez Saeed arrested in Pak

Rediff.com17 Jul 2019

Saeed, has been moved to an unknown location.

Budget process set for a makeover

Budget process set for a makeover

Rediff.com1 Aug 2016

Scrapping Plan and non-Plan classifications necessitates the change

Why India's airlines are plagued by glitches

Why India's airlines are plagued by glitches

Rediff.com15 Aug 2022

The recent spate of technical glitches in aircraft has prompted the Directorate General of Civil Aviation (DGCA) to issue an order on July 18, making aircraft maintenance engineers (AMEs) with category B1/B2 licences the final authorities in certifying planes. This has put the spotlight on the availability of such personnel. According to the order, airlines were resorting to frequent one-off authorisation by the Category A certifying staff at transit stations, which is not in line with existing regulatory provisions.

Hard work rewards Himanta Biswa Sarma with CM's mantle

Hard work rewards Himanta Biswa Sarma with CM's mantle

Rediff.com9 May 2021

Sarma's eyes, according to those close to him, were always set on the top job in Assam. However, the leader who owed his early rise to two former chief ministers from the Congress had to toil for many years with dogged determination to achieve his goal.

Why did Modi fail to anticipate a second wave?

Why did Modi fail to anticipate a second wave?

Rediff.com18 May 2021

'We had decided that India was unique and had overcome Covid.' 'Other nations ordered vaccines on time.' 'They let their scientists determine whether the battle against the pandemic was won instead of a divinely inspired leadership,' asserts Aakar Patel.

Defacement of Mahatma Gandhi's statue was a 'disgrace': Trump

Defacement of Mahatma Gandhi's statue was a 'disgrace': Trump

Rediff.com9 Jun 2020

The statue, which is across the road from the Indian Embassy, was vandalised on the intervening night of June 2 and 3, prompting the Indian embassy to register a complaint with the local law enforcement agencies. The incident happened during the week of nationwide protests against the custodial killing of Floyd in Minneapolis on May 25.

FM prods PSBs to implement 'Aatmanirbhar' relief package

FM prods PSBs to implement 'Aatmanirbhar' relief package

Rediff.com22 May 2020

The finance minister has emphasised on the quick disbursal of additional loans to MSMEs, to simplify process, formats and documentation.

Blow to India as US, UK courts confirm $1.4 bn award to Cairn

Blow to India as US, UK courts confirm $1.4 bn award to Cairn

Rediff.com8 Mar 2021

Courts in five countries including the US and the UK have given recognition to an arbitration award that asked India to return $1.4 billion to Cairn Energy plc - a step that now opens the possibility of the British firm seizing Indian assets in those countries if New Delhi does not pay, sources said. Cairn Energy had moved courts in nine countries to enforce its $1.4 billion arbitral award against India, which the company won after a dispute with the country's revenue authority over a retroactively applied capital gains tax. Of these, the December 21 award from a three-member tribunal at the Permanent Court of Arbitration in the Netherlands has been recognised and confirmed by courts in the US, the UK, Netherlands, Canada and France, three people with knowledge of the matter said.

New migrant plan: 12 ministries, 125 days, Rs 50,000cr

New migrant plan: 12 ministries, 125 days, Rs 50,000cr

Rediff.com18 Jun 2020

The Government of India has decided to launch a massive rural public works scheme, 'Garib Kalyan Rojgar Abhiyaan', to "empower and provide livelihood opportunities to the returnee migrant workers and rural citizens". Prime Minister Narendra Modi will launch this scheme on June 20 through video conference in the presence of Bihar Chief Minister Nitish Kumar and Deputy Chief Minister Sushil Kumar Modi.

Pak didn't take sufficient action against LeT, JeM, says US terror report

Pak didn't take sufficient action against LeT, JeM, says US terror report

Rediff.com20 Sep 2018

However, the US praises India for its significant counter-terrorism actions.

PM reviews progress of Rs 20 lakh cr stimulus package

PM reviews progress of Rs 20 lakh cr stimulus package

Rediff.com14 Jul 2020

Last month, Prime Minister Narendra Modi had said that the economy is showing "green shoots" as the country emerges from the coronavirus lockdown and underscored the importance of being focussed on both life and livelihood.

Shaktikanta Das named new RBI Governor

Shaktikanta Das named new RBI Governor

Rediff.com11 Dec 2018

He will be the first bureaucrat to head the central bank in almost five years.

Time For RBI To Change Penalty Rules

Time For RBI To Change Penalty Rules

Rediff.com11 Nov 2021

Penalty must act as a deterrent. If it is too low, it could encourage the regulated entities to lap up penalty instead of complying with the norms, suggests Tamal Bandyopadhyay.

Defence equipment: To lease or not to lease?

Defence equipment: To lease or not to lease?

Rediff.com30 Nov 2020

Admiral describes it as 'a path-breaking change'; defence ministry official disagrees.

Alternative investment funds want tax clarity

Alternative investment funds want tax clarity

Rediff.com14 Aug 2014

Providers write to Sebi, FinMin; launches may hit pause.

Modi's 5-year vision: What's it all about

Modi's 5-year vision: What's it all about

Rediff.com13 Jan 2020

Spurring the economy, currently in the throes of a slowdown, remains the prime focus for most ministries, but the government is also looking to make women's welfare and environmental protection key to policymaking in this term.

DoT engages with banks to find solution for telecom sector

DoT engages with banks to find solution for telecom sector

Rediff.com8 Aug 2021

The Department of Telecommunications (DoT) has initiated discussions with banks to address financial stress in the telecom sector, particularly Vodafone Idea Ltd (VIL) that urgently requires fund infusion to stay afloat. There was a meeting of DOT officials and senior bankers on Friday on the issue of Vodafone, sources said, adding that banks have been asked to look for a solution within the prudential guidelines. According to sources, senior officials from the country's biggest lenders State Bank of India and Bank of Baroda were also present among others in the meeting. More such meetings are expected to take place in the coming days, they said.

Covid impact: Imports of digital thermometers rise 2,410%

Covid impact: Imports of digital thermometers rise 2,410%

Rediff.com27 Jul 2021

From Covid-19 essentials, such as Vitamin C supplements and thermometers, to bicycles, laptops, and personal weighing scales, demand for certain items galloped during last financial year as the pandemic altered what Indians used on a day-to-day basis. Imports of outdoor sports equipment, handbags for women, and dentures, among others, plummeted. With outdoor activities coming to a halt last year and schools functioning virtually, imports of sports goods witnessed a decline, while inbound shipments of laptops and battery chargers saw a sharp uptick, according to the import data for the financial year 2020-21.

MFs' exit load, late payment charges on credit card attract GST

MFs' exit load, late payment charges on credit card attract GST

Rediff.com4 Jun 2018

In a set of FAQs on applicability of Goods and Services Tax on banking, insurance and stock brokers sectors, the revenue department has clarified that transactions relating to securitisation, derivatives, future and forward contracts are exempt.

We need Modi the Thanedar, not Chowkidar

We need Modi the Thanedar, not Chowkidar

Rediff.com8 Apr 2022

I am not sure if Modi can ever act as a chowkidar, even if he wants to. But he can surely act as a thanedar, by ensuring a fast resolution of corruption cases once they come to light. Exemplary action is easier and will burnish his anti-corruption image, argues Debashis Basu.

FM allocates Rs 35,000 crores for COVID-19 vaccine

FM allocates Rs 35,000 crores for COVID-19 vaccine

Rediff.com1 Feb 2021

The Budget outlay for health and well being is Rs 2.23 lakh crore in 2021-22 as against BE of Rs 94,452 crore and marks an increase of 137 per cent," she said while presenting 2021-22 Budget in the Lok Sabha.

Kamala Harris chooses all-women team for chief of staff, NSA, domestic policy advisor

Kamala Harris chooses all-women team for chief of staff, NSA, domestic policy advisor

Rediff.com4 Dec 2020

United States Vice President-elect Kamala Harris has named her Chief of Staff, Domestic Policy Advisor and National Security Advisor -- an all-women team -- which she said has the experience to hit the ground from day one.

Finmin pins hope on vaccine drive for robust recovery in services sector

Finmin pins hope on vaccine drive for robust recovery in services sector

Rediff.com11 Feb 2021

FY22 will be the year to rebuild with the IMF projecting output growth at 11.5 per cent, economic survey at 11.0 per cent and the RBI's Monetary Policy Committee at 10.5 per cent.

Govt set to overshoot FY22 tax collection target

Govt set to overshoot FY22 tax collection target

Rediff.com23 Jul 2021

With the first quarter gross tax mop-up reaching Rs 5.6 lakh crore, Icra Ratings on Friday said the government is set to exceed the budgeted tax collection target of Rs 22.2 lakh crore for 2021-22, led by indirect taxes. The government has budgeted a modest 9.5 per cent growth in tax collections at Rs 22.2 lakh crore for FY22, over FY21 collections of Rs 20.2 lakh crore. However, despite the second wave of the pandemic, the April-June quarter tax collections rose to Rs 5.6 lakh crore, which is 39 per cent higher than Q1 of FY20.

Budget 2020: Govt clarifies on NRI tax

Budget 2020: Govt clarifies on NRI tax

Rediff.com3 Feb 2020

The ministry said it was an anti-abuse provision amid growing instances of NRIs shifting their stay in low or no-tax jurisdiction to avoid tax payment in India.

Low profile, yet outspoken, Trai's Vaghela knows how to take tough calls

Low profile, yet outspoken, Trai's Vaghela knows how to take tough calls

Rediff.com8 Oct 2020

Vagela could not have reached this position if Narendra Modi, who'd known him from his chief minister days, had not backed the choice.

NEP, 4-year undergrad programme gets DU's implementation approval

NEP, 4-year undergrad programme gets DU's implementation approval

Rediff.com1 Sep 2021

The implementation of the NEP and four-year undergraduate programme were approved by the Standing Committee on Academic Matters and the Academic Council last week.

Budget: TUs want FM to hike I-T ceiling, minimum wages, pension

Budget: TUs want FM to hike I-T ceiling, minimum wages, pension

Rediff.com19 Dec 2019

They said that massive public investment in infrastructure, social sectors and agriculture would generate employment and the Union Budget should give it a priority and allocate necessary funds for this.

Waze posted in CIU at Param Bir Singh's behest: Mumbai police

Waze posted in CIU at Param Bir Singh's behest: Mumbai police

Rediff.com7 Apr 2021

Suspended police officer Sachin Waze was posted in the Crime Intelligence Unit (CIU) after oral instructions from the then Police Commissioner Param Bir Singh, according to a Mumbai Police report.

How to fix the PMC Bank crisis

How to fix the PMC Bank crisis

Rediff.com23 Oct 2019

'Put the assets of PMC Bank and the personal assets of the HDIL promoters and head of PMC Bank in an escrow account and ring-fence it from the ad hoc action of the revenue departments and creditors,' recommends Debashis Basu.

Jaitley: No vendetta, I-T raids on basis of evidence

Jaitley: No vendetta, I-T raids on basis of evidence

Rediff.com10 Apr 2019

The searches are linked to suspected movement of hawala money during the ongoing polls season and tax evasion.

May Prabhu Shri Ram give Kalyan Singhji space at his feet: Modi

May Prabhu Shri Ram give Kalyan Singhji space at his feet: Modi

Rediff.com22 Aug 2021

May Prabhu Ram give strength to his family in the hour of sadness to bear the loss. May Prabhu Ram give consolation to people in the country who believe in his values, ideals, culture and traditions," Prime Minister Narendra Modi said wile praying tribute to Kalyan Singh.

26/11 terrorist Hafiz Saeed sentenced to 11 yrs jail

26/11 terrorist Hafiz Saeed sentenced to 11 yrs jail

Rediff.com13 Feb 2020

The court sentenced Saeed to five-and-a-half years and imposed a fine of Rs 15,000 in each case. The sentences of both cases will run concurrently.

Prolonged lockdown to make India's water crisis worse

Prolonged lockdown to make India's water crisis worse

Rediff.com4 May 2020

Making water available is always a serious challenge in the summer for all public authorities. This year, the challenge is higher when hand-washing at every opportunity has become a necessity. So keeping potable water lines running without a glitch has become most necessary.