News for 'state-for-finance'

Decide on FIRs against Mishra, others by Thursday: HC to police

Decide on FIRs against Mishra, others by Thursday: HC to police

Rediff.com26 Feb 2020

The apex court lashed out at the law enforcing agencies for allowing the 'instigators of violence' to get away and said they should act as per law without waiting for somebody's nod.

I-T finds Shell undervaluing shares by Rs 15,201 cr

I-T finds Shell undervaluing shares by Rs 15,201 cr

Rediff.com5 Mar 2013

Vodafone too has undervaluing its shares by Rs 1,308.91 crore.

How the richest candidates fared in the elections

How the richest candidates fared in the elections

Rediff.com24 May 2019

It was a mixed outing for super rich candidates as five of them emerged victorious and an equal number suffered defeat in the Lok Sabha polls.

Income Tax dept manpower shortfall at 30%

Income Tax dept manpower shortfall at 30%

Rediff.com7 Dec 2012

The sanctioned strength of department is 57,793 while the working strength is 40,756; thus a shortfall of 29.47 per cent, the Minister of State for Finance S S Palanimanickam informed the Lok Sabha in a written reply.

Sebi asks govt for more powers to deal with defaulters

Sebi asks govt for more powers to deal with defaulters

Rediff.com6 Dec 2012

The regulator wants powers similar to Income Tax and CCI.

Tax dept probing Cadbury's Rs 200 cr duty evasion

Tax dept probing Cadbury's Rs 200 cr duty evasion

Rediff.com29 Nov 2012

According to government, the chocolate manufacturer wrongfully claimed exemption.

Tata AIA, Rel Life see sharp fall in premium collection

Tata AIA, Rel Life see sharp fall in premium collection

Rediff.com23 Nov 2012

The lone public sector player Life Insurance Corporation fared much better than its private sector peers did.

Sebi to rationalise foreign investment routes

Sebi to rationalise foreign investment routes

Rediff.com23 Nov 2012

Different categories, such as FII and FVCI, will be abolished. Most of them will come under one group, that is, QFI.

Electoral bonds of Rs 222 cr sold on debut in March

Electoral bonds of Rs 222 cr sold on debut in March

Rediff.com16 Mar 2018

"The amount collected from the sale of electoral bonds under the first issue of the scheme is Rs 222 crore as on March 9, 2018," Minister of State for Finance P Radhakrishnan said in a written reply in Lok Sabha.

Credit card frauds rise to 1,590 in Dec

Credit card frauds rise to 1,590 in Dec

Rediff.com5 Mar 2013

RBI has advised banks to set up internal control systems to combat frauds, take pro-active measures, ensure credit card operations are safe, sound and profitable, preventive measures to combat frauds relating to skimming or duplication of cards.

Semandhra minister seeks Reddy's support on Hyderabad

Semandhra minister seeks Reddy's support on Hyderabad

Rediff.com28 Nov 2013

Amid the row over bifurcation of Andhra Pradesh, a Union minister from Seemandhra has met senior Telangana Congress leader and his colleague at the Centre Jaipal Reddy seeking his support for making Hyderabad a Union Territory.

Centre assessing all options to bring Mallya back

Centre assessing all options to bring Mallya back

Rediff.com18 Apr 2017

The government, he said, will leave no stone unturned to bring to justice anyone indulging in financial irregularities.

Sebi got 28 lakh investor complaints last fiscal

Sebi got 28 lakh investor complaints last fiscal

Rediff.com20 Dec 2012

Sebi in 2010 has mandated that execution of POA is not compulsory, but is only an option available to the client.

Complaints: Which life insurer tops the list?

Complaints: Which life insurer tops the list?

Rediff.com3 Dec 2012

Here's a list of life insurance companies that have the maximum number of customer complaints against them in various categories such as claim disputes and unfair business practices.

Initiatives taken to boost exports: Govt

Initiatives taken to boost exports: Govt

Rediff.com7 May 2013

The country's CAD stood at 5.4 per cent of GDP during April-December period of financial year 2012-13 amounting to $72 billion.

Govt to amend laws to protect online shoppers from frauds

Govt to amend laws to protect online shoppers from frauds

Rediff.com12 Dec 2014

The government has initiated the process to safeguard buyers from online frauds.

India Inc bowled over by Sitharaman's 'new deal'

India Inc bowled over by Sitharaman's 'new deal'

Rediff.com20 Sep 2019

'A bold, progressive step forward,' Kotak Mahindra Bank CEO Uday Kotak said of Nirmala Sitharaman's corporate tax breaks.

Gold imports down 12% in Apr-Feb 2012-13

Gold imports down 12% in Apr-Feb 2012-13

Rediff.com26 Apr 2013

Government measures and rising gold price decreased demand for the noble metal.

'Petrol, diesel prices in India lower than developed nations'

'Petrol, diesel prices in India lower than developed nations'

Rediff.com20 Mar 2015

The comparisons were available for 12 countries.

Ponzi schemes: Bengal registers 107 cases in just 2 years!

Ponzi schemes: Bengal registers 107 cases in just 2 years!

Rediff.com17 Mar 2015

Ponzi or MLM schemes are fraudulent investment operations.

Foreign bank threatened PSU insurer over ships from Iran

Foreign bank threatened PSU insurer over ships from Iran

Rediff.com29 Nov 2012

Was told that account will be closed if it did not stop providing insurance cover to ships ferrying oil from Iran.

Inflation's declining trend likely to continue: FinMin

Inflation's declining trend likely to continue: FinMin

Rediff.com16 Jul 2012

The wholesale price index based inflation in June declined to 7.25 per cent from 7.55 per cent in the previous month.

Major relief for common man as fuel prices come down

Major relief for common man as fuel prices come down

Rediff.com4 Oct 2018

Finance Minister Arun Jaitley said the excise duty cut would have an impact of Rs 10,500 crore on central government's tax revenues.

Think-tanks to submit report on blackmoney by Dec: FinMin

Think-tanks to submit report on blackmoney by Dec: FinMin

Rediff.com6 Sep 2012

The three leading think-tanks-- NCAER, NIFM and NIPFP-- conducting a joint study on the quantum of blackmoney, are likely to submit the report to government by December 2012, Parliament was informed on Thursday.

Indirect tax collection at Rs 3.75 lakh cr in Apr-Jan

Indirect tax collection at Rs 3.75 lakh cr in Apr-Jan

Rediff.com22 Feb 2013

The government has realised Rs 3.75 lakh crore as indirect tax in the April-January period, 74.41 per cent of the target for 2012-13 fiscal, Parliament was informed on Friday.

No amnesty scheme to check black money: Govt

No amnesty scheme to check black money: Govt

Rediff.com8 Aug 2012

The Income Tax Department has not recommended 'amnesty scheme' to deal with the issue of black money, the government said on Wednesday.

Kingfisher owes to govt Rs 269 cr Income Tax

Kingfisher owes to govt Rs 269 cr Income Tax

Rediff.com18 May 2012

Kingfisher Airlines was found to have deducted tax at source on salary payments but had not deposited it in government account, Minister of State for Finance S S Palanimanickam said in a written reply.

In a first, FM authors a section of Economic Survey

In a first, FM authors a section of Economic Survey

Rediff.com31 Jan 2017

For the first time, Subramanian said, "the Economic Survey has embraced Big Data, and we mine this data to shed new light on the flow of goods and people within India."

Excise duty on diesel cars may be hiked

Excise duty on diesel cars may be hiked

Rediff.com8 May 2012

The Ministry of Petroleum and Natural Gas is demanding an increase in excise duty on diesel cars with a view to discouraging consumption of subsidised fuel by personal vehicle owners.

Jaitley cancels meeting with economists ahead of Budget

Jaitley cancels meeting with economists ahead of Budget

Rediff.com25 Feb 2016

The meeting with economists and financial experts has been called off due to pressing engagements of the finance minister.

Bad debts of Indian banks mounting

Bad debts of Indian banks mounting

Rediff.com30 Aug 2012

In a written reply in the Rajya Sabha Minister of State for Finance Namo Narain Meena pointed out that this amounted to 3.48 per cent of the total advances given by the state-owned banks.

Yogi government withdraws 22-year-old case against CM

Yogi government withdraws 22-year-old case against CM

Rediff.com27 Dec 2017

The move prompted Samajwadi Party chief Akhilesh Yadav to take potshots as to whether Adityanath would himself sign the order withdrawing the case against himself.

Diesel to cost more, govt plans to deregulate prices

Diesel to cost more, govt plans to deregulate prices

Rediff.com24 Apr 2012

The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.

Pranab's deputy skips Budget presentation

Pranab's deputy skips Budget presentation

Rediff.com16 Mar 2012

Union Minister of State for Finance S S Palanimanickam of the Dravida Munnetra Kazhagam will skip his boss Pranab Mukherjee's Budget presentation on Friday.

No info on Mallya's loan, finmin tells CIC

No info on Mallya's loan, finmin tells CIC

Rediff.com7 Feb 2018

The finance ministry official may have claimed that the ministry does not have information on the loans sanctioned by different banks to Mallya or the details of the guarantee given by Mallya against those loans, but the ministry had responded to questions in this regard in Parliament in the past.

Govt to revive 7 ailing central PSUs: FinMin

Govt to revive 7 ailing central PSUs: FinMin

Rediff.com26 Nov 2014

Either the stake in these companies will be sold or they may partner private firms.

What Nirmalaji said and meant

What Nirmalaji said and meant

Rediff.com23 Jul 2019

'A buoyant market economy is one which is led by the innovation and imagination of private persons,' notes Ajay Shah.

No relief to bank loan defaulters: Govt

No relief to bank loan defaulters: Govt

Rediff.com18 May 2012

Reserve Bank of India also monitors the non-performing assets levels in banks.

300% jump in gold export; industry questions data

300% jump in gold export; industry questions data

Rediff.com14 May 2012

Sharp rupee fall, interest differential on export finance rates may have led to arbitrage in gold.

We are not going to spare Mallya, we are after him: PNB chief

We are not going to spare Mallya, we are after him: PNB chief

Rediff.com7 Mar 2016

Usha Ananthasubramanian said the bank will leave no stone unturned to recover unpaid loans.