Search results for ' Finance'

Modi 3.0: Allies' Pressure Will Differ

Modi 3.0: Allies' Pressure Will Differ

Rediff.com10 Jun 2024

While the coalition will not be unstable because of pressures, the effort from partners will be to constantly remind the central government and the BJP how much it is dependent on them.

Modi 3.0: Smriti Irani, Anurag Thakur out; allies in

Modi 3.0: Smriti Irani, Anurag Thakur out; allies in

Rediff.com9 Jun 2024

There is also speculation within the BJP that its national president J P Nadda, whose extended tenure will end by this month and who was among the leaders meeting Modi, may also be brought back in the government.

Gold Loans On RBI, Finance Ministry Radar

Gold Loans On RBI, Finance Ministry Radar

Rediff.com28 Mar 2024

Loan against gold as a product is catching on fast. Let's keep the momentum going, but aim for sustainable growth. A few bad apples should not ruin the brunch, argues Tamal Bandyopadhyay.

The major decisions taken by the GST Council

The major decisions taken by the GST Council

Rediff.com22 Jun 2024

In order to reduce government litigations, the Union Finance Minister Nirmala Sitharaman on Saturday said the GST Council has fixed a monetary limit for filing appeals by the tax department before the various appellate authorities. It has recommended a monetary limit of Rs 20 lakh for GST Appellate Tribunal, Rs 1 crore for the High Court and Rs 2 crore for the Supreme Court for filing of appeals by the department before these legal forums, she said after the 53rd GST Council meeting held in New Delhi.

GST collection rises 10% to Rs 1.73 lakh crore in May

GST collection rises 10% to Rs 1.73 lakh crore in May

Rediff.com1 Jun 2024

The country's gross GST collections rose to Rs 1.73 lakh crore in May, growing 10 per cent year on year driven by increased revenues from domestic transactions, the finance ministry said on Saturday. GST collections had touched a record high of Rs 2.10 lakh crore last month.

'Tax Relief For Middle Class Will Boost Markets'

'Tax Relief For Middle Class Will Boost Markets'

Rediff.com1 Jul 2024

'Like every Budget, this time, too, there is chatter around tinkering with the long-term capital gains tax.' 'Investors may not want to jump into the markets until there is clarity on this front.'

Sensex ends up 75 points on buying in banking and oil stocks

Sensex ends up 75 points on buying in banking and oil stocks

Rediff.com31 May 2024

Stock markets snapped their five-day losing run on Friday with the benchmark BSE Sensex closing higher by 75 points on value-buying in banking and oil shares after recent losses. The 30-share BSE Sensex rose by 75.71 points or 0.10 per cent to settle at 73,961.31. During the session, it hit a high of 74,478.89 points and a low of 73,765.15 points.

100 metric tonnes of gold shifted from UK to Indian vaults

100 metric tonnes of gold shifted from UK to Indian vaults

Rediff.com31 May 2024

India has moved 100 metric tonnes of its gold stored in the UK to domestic vaults in FY24, sources said on Friday. This is one of the biggest movements of gold undertaken by the country since 1991, when pledging a substantial part of the gold holding to tide over a foreign exchange crisis resulted in its movement out of vaults. The country's overall gold holding increased 27.46 metric tonnes in FY24 and it stands at 822 metric tonnes, as per official data.

JD-U sticks to demand for special status for Bihar

JD-U sticks to demand for special status for Bihar

Rediff.com6 Jun 2024

Granting SCS to the state has been a long-pending demand of the JD-U supremo and Bihar chief minister Nitish Kumar, whose Bihar cabinet had even passed a resolution last year requesting the Centre to grant SCS to the state.

Sensex plunges 617 points on profit booking

Sensex plunges 617 points on profit booking

Rediff.com30 May 2024

From the Sensex pack, Tata Steel, Titan, Tech Mahindra, Wipro, Bajaj Finserv, Bajaj Finance, Nestle India, Tata Motors and JSW Steel were the biggest laggards. ICICI Bank, Axis Bank, HDFC Bank, State Bank of India and Kotak Mahindra Bank were the gainers.

7 Ways Gita Can Help Achieve Peaceful Retirement

7 Ways Gita Can Help Achieve Peaceful Retirement

Rediff.com20 Jun 2024

Vatsal Ramaiya draws wisdom from the Bhagvad Gita and correlates it to how you can build a decent corpus to achieve a peaceful retirement.

Next NDA Meeting May Propose Bihar Package

Next NDA Meeting May Propose Bihar Package

Rediff.com6 Jun 2024

'There is also a possibility that Andhra Pradesh may demand a similar package. But as of now, we are only working on a package for Bihar.'

'Small finance banks need to build all product ranges'

'Small finance banks need to build all product ranges'

Rediff.com15 Mar 2024

'You cannot have only one product or one market or one customer segment.'

RBI imposes biz restrictions on Edelweiss

RBI imposes biz restrictions on Edelweiss

Rediff.com30 May 2024

The Reserve Bank on Wednesday imposed business restrictions on Edelweiss Group's lending and asset reconstruction arms on concerns over evergreening of loans. The central bank has asked ECL Finance Ltd (ECL) to cease and desist from undertaking any structured transactions in respect of its wholesale exposures, other than repayment and/or closure of accounts, an official statement said.

S&P upgrades India's rating outlook to positive

S&P upgrades India's rating outlook to positive

Rediff.com29 May 2024

S&P Global Ratings on Wednesday upgraded India's sovereign rating outlook to positive from stable while retaining the rating at 'BBB-' on robust growth and improved quality of government expenditure. S&P said it could upgrade India's sovereign rating in the next 2 years if the country adopts a cautious fiscal and monetary policy that diminishes the government's elevated debt and interest burden while bolstering economic resilience.

Prev  |