News for 'transparency'

No Waqf bill in winter session as JPC panel gets extension

No Waqf bill in winter session as JPC panel gets extension

Rediff.com28 Nov 2024

The parliamentary panel's meetings have become a virtual battleground between the opposition and the ruling party members, who have been vociferously debating the changes to the Waqf Bill proposed by the government.

World Boxing announces birth of new Asian confederation

World Boxing announces birth of new Asian confederation

Rediff.com27 Nov 2024

World Boxing, launched in 2023, has 55 members and is looking to fill the void left by the IBA.

FMCG distributors flag deep discounts by qcom cos to govt

FMCG distributors flag deep discounts by qcom cos to govt

Rediff.com5 Dec 2024

Fast-moving consumer goods (FMCG) distributors' association has written to the finance ministry, highlighting concern over fund utilisation and fund accumulation by quick commerce companies and deep discounting of goods on their platforms. According to a recent letter seen by Business Standard, All India Consumer Products Distributors Federation (AICPDF) noted that its analysis indicated that approximately 80 per cent of these funds were directed toward customer acquisition strategies instead of creating cutting-edge innovations or sustainable growth models for the retail sector.

Follow KYC norms or face regulatory action: RBI to banks

Follow KYC norms or face regulatory action: RBI to banks

Rediff.com19 Nov 2024

RBI Deputy Governor Swaminathan J has asked banks to follow KYC guidelines with both "precision and empathy", failing which regulatory actions will be taken against them by the central bank. Addressing a Conference of Directors of Private Sector Banks here on Monday, the Deputy Governor also expressed concern that in many cases, customer grievance mechanisms, including the Internal Ombudsman structure, are treated more as a formality than as a robust, effective resource.

'We want to grow better than industry, mindful of biz quality'

'We want to grow better than industry, mindful of biz quality'

Rediff.com3 Jan 2025

'Health and motor insurance will continue to be our two most important segments'

AI & automation to play a crucial role for retail industry in 2025

AI & automation to play a crucial role for retail industry in 2025

Rediff.com30 Dec 2024

With the rapid evolution of channels like quick-commerce and the emergence of ONDC, the Indian retail industry is 'cautiously optimistic' for 2025, in which new-age technologies such as AI and automation will play a crucial role, driving efficiency and personalisation.

It Won't Be An Easy Term For The BJP

It Won't Be An Easy Term For The BJP

Rediff.com8 Feb 2025

Delhi faces a severe financial crunch and the deficit is largely due to numerous welfare schemes without adequate revenue flowing in. The success of welfare schemes and electoral promises will need careful financial planning and out of the box thinking to whip up additional revenue, notes Ramesh Menon.

Govt revises gold import data from April; cuts Nov figures by $5 bn to $9.84 bn

Govt revises gold import data from April; cuts Nov figures by $5 bn to $9.84 bn

Rediff.com8 Jan 2025

The government has revised gold import data, bringing down numbers for November by $5 billion to $9.84 billion, possibly to rectify double accounting of inbound shipments. According to revised data of the commerce ministry arm Directorate General of Commercial Intelligence and Statistics (DGCIS), gold import numbers have been slashed since April 2024, revealing excess imports of about $11.7 billion during the first eight months of 2024-25.

Sebi board decides to tighten SME IPO norms and more

Sebi board decides to tighten SME IPO norms and more

Rediff.com19 Dec 2024

The Sebi board on Wednesday approved a series of measures, including stricter regulatory norms for SME IPOs, a comprehensive overhaul of investment banking regulations, and an expanded definition of Unpublished Price Sensitive Information (UPSI). Also, the board approved reforms to boost ease of doing business for Debenture Trustees, ESG rating providers, InvITs, REITs, and SM REITs.

Will CBI Train Bankers To Detect Fraud?

Will CBI Train Bankers To Detect Fraud?

Rediff.com18 Dec 2024

The number of frauds in the banking sector increased over four times in the past five years to 36,075.

How Indian Tennis Lost Its Way in 2024

How Indian Tennis Lost Its Way in 2024

Rediff.com27 Dec 2024

AITA President Anil Jain, who was accused of using his position for personal gains, avoided facing a no-confidence motion from the state associations only after he agreed to step aside.

Govt changes release time of GDP data to 4 pm

Govt changes release time of GDP data to 4 pm

Rediff.com8 Nov 2024

The Ministry of Statistics and Programme Implementation (MoSPI) on Friday said it has advanced the release of macroeconomic data Gross Domestic Product (GDP) estimates by about 90 mins to 4 pm. As per the current practice, the press releases of GDP are scheduled at 5.30 pm on the specified release dates, a MoSPI statement said.

200 booked in Maha village for bid to hold 're-poll' using ballot papers

200 booked in Maha village for bid to hold 're-poll' using ballot papers

Rediff.com3 Dec 2024

Police registered a case against more than 200 persons from Markadwadi village and nearby areas in Maharashtra's Solapur for allegedly trying to conduct a 're-election' using ballot papers on Tuesday in an unauthorised manner, officials said.

FSSAI sets expiry timelines for food items sold on ecom, qcom

FSSAI sets expiry timelines for food items sold on ecom, qcom

Rediff.com13 Nov 2024

The Food Safety & Standards Authority of India (FSSAI) on Tuesday asked e-commerce and quick-commerce food operators to ensure a minimum shelf life of 30 per cent or at least 45 days before products expire at the time of delivery. The order follows rising concerns over violations of food safety standards in quick-commerce and e-commerce.

Kovind panel studied 7 nations on one nation, one poll

Kovind panel studied 7 nations on one nation, one poll

Rediff.com12 Dec 2024

A high-level panel on 'One Nation, One Election' studied election processes in seven countries including South Africa, Sweden and Belgium before recommending simultaneous polls for Lok Sabha and state assemblies in India. The other countries where simultaneous elections are conducted are Germany, Japan, Indonesia, and the Philippines. The Union Cabinet approved bills to implement 'One Nation, One Election', and the draft legislations are likely to be introduced in Parliament in the ongoing Winter session.

Why Is Modi Not Transparent On China?

Why Is Modi Not Transparent On China?

Rediff.com30 Mar 2022

What is it that China seeks and why has the Ladakh border become and remained hot for two years and what is going on in Arunachal Pradesh?, asks Aakar Patel.

'Election With EVM Is Not Fair Unless...'

'Election With EVM Is Not Fair Unless...'

Rediff.com29 Nov 2024

'We accept EVMs cannot be hacked because it is not connected, but can they be manipulated?' 'Are you allowing us to check if EVMs can be manipulated?'

Indian-American Jay Bhattacharya to be Trump's health agency head

Indian-American Jay Bhattacharya to be Trump's health agency head

Rediff.com27 Nov 2024

US President-elect Donald Trump has nominated Indian-American scientist Jay Bhattacharya to lead the National Institutes of Health (NIH), the country's top health research and funding institutions. Bhattacharya, a professor of Health Policy at Stanford University, is known for his research on the health and well-being of vulnerable populations. Trump also nominated Jim O'Neill as the deputy secretary of Health and Human Services to work alongside Robert F. Kennedy Jr.

'We Want Justice, Not Money'

'We Want Justice, Not Money'

Rediff.com23 Jan 2025

'Sanjay Roy is not alone.' 'If he's kept alive, maybe we will know what happened.' 'Why was he in the chest medicine department that night when he never went there earlier?' 'Nobody will parade in front of a CCTV camera and then go and murder someone.' 'There are several people who are involved in this heinous crime. They have to be identified and punished.'

OnePlus to invest Rs 6,000 cr in India biz over next 3 years

OnePlus to invest Rs 6,000 cr in India biz over next 3 years

Rediff.com5 Dec 2024

Chinese smartphone maker OnePlus on Thursday said it plans to invest up to Rs 6,000 crore in its India business over the next three years. The company plans to make the investment in tranches of Rs 2,000 crore annually for the next three years under 'Project Starlight'. OnePlus on Thursday announced an annual investment of Rs 2,000 crore over the next three years to accelerate innovations in products and services in India.

JD-U among NDA allies back Waqf Amendment Bill, say not anti-Muslim

JD-U among NDA allies back Waqf Amendment Bill, say not anti-Muslim

Rediff.com8 Aug 2024

The TDP and the LJP also supported the Bill being sent to a parliamentary committee for further examination.

RBI directs gold loan providers to review policies and practices

RBI directs gold loan providers to review policies and practices

Rediff.com1 Oct 2024

The Reserve Bank of India (RBI) on Monday directed banks and non-banking financial companies (NBFCs) offering gold loans to thoroughly review their policies, processes, and practices to identify any gaps. The central bank also told them to closely monitoring their gold loan portfolios amid significant growth observed in this segment vis--vis some lenders. Additionally, the RBI, through a circular, instructed these lenders to ensure adequate controls over outsourced activities and third-party service providers.

Biren Singh seeks Army help to trace missing Manipur man

Biren Singh seeks Army help to trace missing Manipur man

Rediff.com29 Nov 2024

Manipur Chief Minister N Biren Singh has asked the army to take steps to trace a 56-year-old man who has been missing since November 25 from Kangpokpi district. Laishram Kamalbabu Singh went missing from the 57th Mountain Division campus of the army, and an FIR has been lodged with the Sekmai Police Station over his disappearance. The chief minister asked the authorities at the Leimakhong army camp to take responsibility for finding out the man. Singh also alleged a lack of transparency and sincerity among a section of security personnel in Manipur.

Populist decision-making a threat to judicial independence: CJI

Populist decision-making a threat to judicial independence: CJI

Rediff.com10 Oct 2024

He further opined that though as public functionaries, courts were vested with the responsibility to give effect to equity, these judicial bodies were not directly in charge of the manner in which resources were to be distributed.

'Aim to make FAME scheme more transparent'

'Aim to make FAME scheme more transparent'

Rediff.com14 Apr 2023

'The aim is also to probe how the ministry and testing agencies made negligence in examining these OEMs, so that such negligence is avoided in the future.'

Don't fiddle with people's mandate, says Omar as NC-Cong eye majority

Don't fiddle with people's mandate, says Omar as NC-Cong eye majority

Rediff.com8 Oct 2024

National Conference (NC) vice president Omar Abdullah Tuesday asserted that there should be no "fiddling" with the mandate of people in Jammu and Kashmir, and the Centre and the Raj Bhavan must not indulge in any "machinations".

Fadnavis' First Challenge: Santosh Deshmukh Murder Case

Fadnavis' First Challenge: Santosh Deshmukh Murder Case

Rediff.com3 Jan 2025

'The CM's credibility is on the line.'

Full text: President Murmu's R-Day eve address to the nation

Full text: President Murmu's R-Day eve address to the nation

Rediff.com25 Jan 2025

'Today, let us reaffirm our commitment to strive to realise Gandhiji's dreams. His watchwords, truth and nonviolence, will continue to remain relevant for the whole world. He also taught us that rights and duties are but the two sides of the coin - indeed, the true source of rights is duty. Today we recall his lessons in compassion too - compassion not only for our human neighbours but also for our other neighbours, namely, flora and fauna, rivers and mountains.'

RBI bars Navi Finserv, 3 other NBFCs from extending loans

RBI bars Navi Finserv, 3 other NBFCs from extending loans

Rediff.com18 Oct 2024

The Reserve Bank of India (RBI) has barred four non-banking finance companies (NBFCs), including two microfinance institutions (MFIs), from sanctioning and disbursing loans for charging exorbitant interest rates to the borrowers. These four entities are Asirvad Microfinance, Arohan Financial Services (also an MFI), DMI Finance, which provides personal, consumption, and micro, small and medium enterprises loans, and Flipkart co-founder Sachin Bansal's Navi Finserv, which offers home and personal loans. The ban will take effect on October 21 to "facilitate closure of transactions in the pipeline", the regulator said in a statement.

Former PM Manmohan Singh, architect of India's economic reforms, dies at 92

Former PM Manmohan Singh, architect of India's economic reforms, dies at 92

Rediff.com27 Dec 2024

Former Indian Prime Minister Manmohan Singh passed away on Thursday night at the age of 92. He was brought to the emergency department of AIIMS Delhi in critical condition after "sudden loss of consciousness."

Unique move: Uttarakhand backs soldiers' right on waqf property

Unique move: Uttarakhand backs soldiers' right on waqf property

Rediff.com28 Oct 2024

They stated that when a soldier fights for the nation, he does so not as a Hindu, Muslim, or any other religion, but as a patriot.

That Rarity Of Rarities, A Good Man In Politics

That Rarity Of Rarities, A Good Man In Politics

Rediff.com30 Dec 2024

As a leader, he was ambitious, not for himself but for India and its people. His was not the short-term election cycle calculation of individual political gain. His was a practical vision of how to better the lives of his fellow citizens, asserts Ambassador Shivshankar Menon, who served as foreign secretary and national security advisor when Dr Singh was prime minister.

'Delhi Wants To Send A Message To Mumbai That...'

'Delhi Wants To Send A Message To Mumbai That...'

Rediff.com6 Dec 2024

...'hum decide karenge kaun banega mukhyamantri. This decision is not to be taken in Mumbai.'

'HMPV Has Been Circulating For Decades'

'HMPV Has Been Circulating For Decades'

Rediff.com14 Jan 2025

'But it is only now being detected more via a test that costs about Rs 15,000 to Rs 20,000.' 'The HMPV virus typically causes mild respiratory symptoms in most people, but can be more severe in young children, the elderly, and those with compromised immunity.'

'Power hungry' Yunus involved in genocide: Sheikh Hasina in 1st public address

'Power hungry' Yunus involved in genocide: Sheikh Hasina in 1st public address

Rediff.com5 Dec 2024

Hasina said she left Bangladesh in August with an aim to stop the violence. However, the situation has deteriorated further, she said.

Waqf panel to get extension till last day of next Budget session

Waqf panel to get extension till last day of next Budget session

Rediff.com27 Nov 2024

The parliamentary committee scrutinizing the Waqf (Amendment) Bill has been granted an extension until the last day of the next Budget Session. This decision follows a heated meeting marked by a walkout from opposition members who expressed concerns about the committee's draft report. The committee will visit several states to meet stakeholders and finalize its report.

AIFs gain currency as fundraise tops Rs 5 trn

AIFs gain currency as fundraise tops Rs 5 trn

Rediff.com27 Nov 2024

Alternative investment funds (AIFs) have crossed Rs 5 trillion in terms of funds raised, while the investment commitments have surpassed Rs 12 trillion for the first time as of September, according to data released by the Securities and Exchange Board of India (Sebi).

India regrets breach of Bangladesh mission in Tripura

India regrets breach of Bangladesh mission in Tripura

Rediff.com2 Dec 2024

India on Monday described as 'deeply regrettable' an incident of breach of the premises of Bangladesh Assistant High Commission in Agartala by a group of people protesting against the arrest of Hindu monk Chinmoy Krishna Das in the neighbouring country.

Recipe: Indian Breakfasts & Manisha's Sabudana Khichdi

Recipe: Indian Breakfasts & Manisha's Sabudana Khichdi

Rediff.com27 Nov 2024

Have you ever eaten as satisfying a breakfast as potato fried up with tapioca pearls?

US SEC summons Gautam Adani, nephew Sagar in bribery case

US SEC summons Gautam Adani, nephew Sagar in bribery case

Rediff.com23 Nov 2024

Adani group founder and chairman Gautam Adani and his nephew Sagar have been summoned to explain their stand on the US Securities and Exchange Commission (SEC) allegation of paying $265 million (Rs 2,200 crore) in bribes to secure lucrative solar power contracts. Summons have been sent to Adani's Shantivan Farm residence in Ahmedabad and his nephew Sagar's Bodakdev residence in the same city for a reply to SEC within 21 days.