Shrimi Choudhary

All stories by Shrimi Choudhary

Ministries face cash crunch as winter session scrapped

Ministries face cash crunch as winter session scrapped

Rediff.com28 Dec 2020

The health and family welfare ministry spent 70 per cent of its allocation till October. The ministry may need additional funds for the vaccination drive which is expected to be kicked off from January.

Sebi mulls separate department to check misuse of IPO funds

Sebi mulls separate department to check misuse of IPO funds

Rediff.com18 Dec 2020

The new wing will be known as the corporate finance investigation department, which will be headed by one of Sebi's executive directors. This department will have information technology solutions experts, particularly to detect the menace of frauds.

Regulatory burden on 8 sectors to be eased soon

Regulatory burden on 8 sectors to be eased soon

Rediff.com12 Dec 2020

In the first phase, most of the outdated regulations in the state and central Acts will be removed. Further, compliances with regard to annual inspections, licence renewal, and storage of multiple data will be eased.

Lakshmi Vilas Bank comes under Sebi scanner for 'insider trading'

Lakshmi Vilas Bank comes under Sebi scanner for 'insider trading'

Rediff.com10 Dec 2020

LVB had faced some serious flak in terms of bad loans, earnings and credit rating downgrades, since 2016.

Dhoot admits 'not genuine' financial deals with Kochhars, says ED

Dhoot admits 'not genuine' financial deals with Kochhars, says ED

Rediff.com8 Dec 2020

In his statement to the Enforcement Directorate, Dhoot conceded that Rs 64 crore had been transferred to Deepak Kochhar's NuPower Renewables through a web of entities to allegedly acquire wind farm properties.

ED challenges clean chit to Kochhars and Dhoot

ED challenges clean chit to Kochhars and Dhoot

Rediff.com1 Dec 2020

The ED is of the opinion that the authority stepped into the shoes of the trial court and commented on the preliminary investigation done by the CBI in the impugned order.

Special forum likely for foreign investors to ease contract woes

Special forum likely for foreign investors to ease contract woes

Rediff.com25 Nov 2020

The plan is to establish a consultative panel and appoint mediators to address various domestic issues, both at the central government and state levels.

Stimulus 4.0 might come before Diwali, focus on jobs and stressed sectors

Stimulus 4.0 might come before Diwali, focus on jobs and stressed sectors

Rediff.com12 Nov 2020

Unlike the first two stimulus packages, this time the focus would be on boosting demand.

EPFO may now get to invest in cash-starved infra sector

EPFO may now get to invest in cash-starved infra sector

Rediff.com10 Nov 2020

At present, the EPFO is mandated to invest 20-45 per cent of its incremental funds - of around Rs 1.5 trillion - in debt-related instruments.

Attorney General not in favour of appealing against Voda arbitration award

Attorney General not in favour of appealing against Voda arbitration award

Rediff.com22 Oct 2020

AG is of the view that there is no point in dragging the matter further when it has already been "struck down" by one international forum, and also by the top Indian court.

Modi to meet 15 global funds as India seeks investment to lift economy

Modi to meet 15 global funds as India seeks investment to lift economy

Rediff.com22 Oct 2020

The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country.

CBI busts call centre fraud run by US citizen

CBI busts call centre fraud run by US citizen

Rediff.com17 Oct 2020

The fraud was operated from call centres in India to defraud hundreds of elderly and vulnerable people in the US, CBI officials said.

Govt pins hope on festive months for growth push

Govt pins hope on festive months for growth push

Rediff.com5 Oct 2020

The department of economic affairs, in its Monthly Economic Review for September, said critical reforms undertaken by the government will put India to a strong and sustainable growth path in the long run.

Covid-19 crisis: Now, FinMin is not so sure about a V-shaped recovery

Covid-19 crisis: Now, FinMin is not so sure about a V-shaped recovery

Rediff.com1 Oct 2020

Spending continues to be less as people who are getting direct benefits from the government are choosing to save in the current situation.

Faceless scheme: Changes that revenue officers want

Faceless scheme: Changes that revenue officers want

Rediff.com2 Sep 2020

Some of the proposals include redrafting transfer and placement policy for IRS officers, strengthening the cadre restructuring, rebranding of IRS, robust deputation policy and creation of encadred post in other ministries and government department.

Google tax contributes merely 1% of direct tax kitty

Google tax contributes merely 1% of direct tax kitty

Rediff.com26 Aug 2020

A total of Rs 396 crore has been mopped up, as on August 20 against Rs 407 crore collected in the same period last year. This was despite the expansion of the levy to online e-commerce players from this financial year.

I-T evaders beware! Taxmen are on prowl

I-T evaders beware! Taxmen are on prowl

Rediff.com23 Jul 2020

CBDT has directed officials to start scrutinising information from tax evasion petitions, and take them up on a priority basis.

Google tax: India likely to face US trade action

Google tax: India likely to face US trade action

Rediff.com20 Jul 2020

The US launched an investigation, focusing on whether the tax in India and other countries discriminated against American companies, were retroactive, and reflected unreasonable tax policy.

New FDI policy in, FB seeks legal advice on Jio investment

New FDI policy in, FB seeks legal advice on Jio investment

Rediff.com1 Jul 2020

Sources say the Mark Zuckerberg-led company wants to ensure there are no issues in its investment in the subsidiary of Reliance Industries and has roped in one of the Big Four consultancy firms to advise it on how the new "beneficial ownership" norms would apply to the proposed investment in Jio.

Home ministry may stall FDI plans of 6 Chinese firms

Home ministry may stall FDI plans of 6 Chinese firms

Rediff.com29 Jun 2020

The ministry of home affairs has received more than 20 proposals for foreign direct investment (FDI), including from China and Hong Kong, requiring security clearance between April and May. 'We are vetting some of these proposals which have come from various sectors. One of the applications is from a well known start-up,' an official said. 'We await inputs from Research and Analysis Wing, intelligence agencies, external affairs ministry, and embassies.'

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