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CCPA recommends 3-part Budget session of Parliament from Jan 29

CCPA recommends 3-part Budget session of Parliament from Jan 29

Rediff.com5 Jan 2021

According to the Committee's recommendation, while Part 1 of the Budget session would be held from January 29 to February 15, Part 2 would be from March 8 to April 8.

Tax parity with ULIPs tops Afmi's wish list ahead of Union Budget

Tax parity with ULIPs tops Afmi's wish list ahead of Union Budget

Rediff.com5 Jan 2021

The pre-Budget proposals sent to the finance ministry aim to bring uniformity in tax treatment for investments in different financial sectors, mitigate hardship to retail taxpayers, and encourage participation in mutual funds.

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.

Corporate-run banks: Will depositors benefit?

Corporate-run banks: Will depositors benefit?

Rediff.com2 Dec 2020

The most common complaint of financial consumers is cumbersome processes, complicated products, usurious charges, and mis-selling of products, which finally don't deliver what is promised or as expect, notes Debashis Basu.

No one can fill Ahmed Patel's void in Congress

No one can fill Ahmed Patel's void in Congress

Rediff.com26 Nov 2020

Patel's closeness to the Gandhi family was undeniable. But unlike others, he resisted the temptation to use it to leverage personal business, says Aditi Phadnis.

Subsidy for jobs creation, IT relief for homes: FM

Subsidy for jobs creation, IT relief for homes: FM

Rediff.com12 Nov 2020

Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said. Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees' Provident Fund Organisation (EPFO)-registered establishment taking new employees would get this subsidy.

Winter session of Parliament may be scrapped

Winter session of Parliament may be scrapped

Rediff.com15 Oct 2020

Alternatively, the government may go in for a five-day session to blunt criticism that it was running away from debates.

Won't sign death warrant of farmers: Cong in RS on farm bills

Won't sign death warrant of farmers: Cong in RS on farm bills

Rediff.com20 Sep 2020

Rajya Sabha took up the discussion on The Farmers' Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 and The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill that have already been passed by Lok Sabha.

Parliament session likely to be curtailed, may end next week

Parliament session likely to be curtailed, may end next week

Rediff.com19 Sep 2020

At a meeting of the business advisory committee of Lok Sabha, which has floor leaders of all parties besides the government representatives and is chaired by the Speaker, most political parties favoured curtailment of the session, which started on September 14 and was scheduled to conclude on October 1.

Parliament's monsoon session from Sept 14-Oct 1

Parliament's monsoon session from Sept 14-Oct 1

Rediff.com31 Aug 2020

Hectic preparations are underway for the session with several first-time measures because of the COVID-19 pandemic such as testing of all MPs, staggered sitting of Lok Sabha and Rajya Sabha and use of both chambers and galleries to accommodate members while following physical distancing norms, officials said.

A Phenomenon Called Pranab Mukherjee

A Phenomenon Called Pranab Mukherjee

Rediff.com31 Aug 2020

Ambassador Venu Rajamony, who served as press secretary to President Pranab Mukherjee during his tenure, salutes the statesman and political legend, who passed into the ages on Monday.

Can Gujarat's GIFT city be Asia's next financial hub?

Can Gujarat's GIFT city be Asia's next financial hub?

Rediff.com5 Aug 2020

'GIFT City is now on a growth trajectory,' says Tapan Ray, MD and group CEO, GIFT City, 'The time has come for the GIFT City to take the big leap and emerge as the next financial hub of Asia.'

'Talent is everywhere and relevant to a nation's success'

'Talent is everywhere and relevant to a nation's success'

Rediff.com9 Jul 2020

'Everybody says 5G and communication is important.' 'Everybody says automation, robotics, human computing interfaces -- people and machines working together -- is the future.' 'Everybody agrees that cybersecurity is something that is here to stay.' 'Everybody agrees that synthetic biology is important.' 'Instead of outlining thinking about industries for tomorrow and the future, let the evolutionary pathway be built in a way that it promotes robust, creative, thinking.'

Why the Congress is on the back foot

Why the Congress is on the back foot

Rediff.com8 Jul 2020

'Given that the RGF is a family-controlled trust, why would the Congress defend it every time someone accuses it of wrong-doing?' asks Virendra Kapoor.

Sports Shorts: India squash player working in Finland amid lockdown

Sports Shorts: India squash player working in Finland amid lockdown

Rediff.com27 Jun 2020

Summary of sports events and persons who made news on Saturday

Social distancing throws spanner in holding monsoon session of Parliament

Social distancing throws spanner in holding monsoon session of Parliament

Rediff.com10 Jun 2020

Officials have said the national capital lacked a convention centre big enough to seat so many MPs and adhere to social distancing norms. Additionally, holding a 'virtual session' looks slims as any change in the rules requires a motion to be carried in both the Houses of Parliament.

Govt's fiscal stimulus package hopelessly inadequate: Chidambaram

Govt's fiscal stimulus package hopelessly inadequate: Chidambaram

Rediff.com18 May 2020

Chidambaram said the stimulus package has left several sections like the poor, migrants, farmers, labourers, workers, small shopkeepers and middle class high and dry.

Govt's stimulus package hopelessly inadequate: Chidambaram

Govt's stimulus package hopelessly inadequate: Chidambaram

Rediff.com18 May 2020

Senior Congress leader and former finance minister P Chidambaram said the stimulus package has left several sections like the poor, migrants, farmers, labourers, workers, small shopkeepers and middle class high and dry.

India reports 2nd coronavirus death, several states in shutdown mode

India reports 2nd coronavirus death, several states in shutdown mode

Rediff.com13 Mar 2020

The Union Health ministry put the number of positive cases at 82, eight more since Thursday night, which includes the woman and a 76-year-old man from Karnataka who became the country's first coronavirus fatality besides 17 foreign nationals, Health Ministry officials said.

Rishi Sunak's Budget to increase UK visa fee

Rishi Sunak's Budget to increase UK visa fee

Rediff.com12 Mar 2020

Sunak announced that the Immigration Health Surcharge (IHS) would be hiked from 400 pounds to 624 pounds.

Delhi riots: AAP govt to launch 2-day claim verification drive

Delhi riots: AAP govt to launch 2-day claim verification drive

Rediff.com7 Mar 2020

Deputy Chief Minister Manish Sisodia and Environment Minister Gopal Rai visited the Eidgah in Mustafabad and interacted with locals besides taking stock of facilities being provided by the government at relief camps.

What the economy needs: Painful medium-term steps

What the economy needs: Painful medium-term steps

Rediff.com4 Mar 2020

''Even without major reforms, with a business as usual scenario, and with current inflation trends, we should be clocking around 11 to 12 per cent nominal growth.' 'That is not happening and is a source of worry,' Rathin Roy tells Arup Roychoudhury.

95 MPs skipped all meetings of parliamentary committees

95 MPs skipped all meetings of parliamentary committees

Rediff.com2 Mar 2020

As many as 95 MPs did not attend even a single meeting of the parliamentary standing committees that reviewed allocations for different ministries post-presentation of the Union Budget for the 2020-21 fiscal, Rajya Sabha Chairman Venkaiah Naidu said on Monday. Giving an account of the meetings of these panels on the opening day of the Rajya Sabha after the recess, Naidu said, "Ninety-five members, accounting for 39 per cent of the total 244, did not attend any meeting on the demands for grants. Only 28 members had zero attendance last time."

Oppn to corner govt over Delhi riots, demand Shah's resignation

Oppn to corner govt over Delhi riots, demand Shah's resignation

Rediff.com1 Mar 2020

'I think there must be some sort of a nexus between the rioters and a section of police officials which resulted in gruesome killings and arson'

7 arrested for torturing, beating 2 Dalit men in Raj

7 arrested for torturing, beating 2 Dalit men in Raj

Rediff.com21 Feb 2020

The brutal incident came to light after a video of the assault went viral. In the video, a group of men is seen thrashing two persons with rubber belts. They later torture one of the victims by pouring petrol on his private parts with a piece of cloth wrapped on a screwdriver.

PM defends NPR in RS, says Oppn is misleading people

PM defends NPR in RS, says Oppn is misleading people

Rediff.com6 Feb 2020

Replying to the debate in Rajya Sabha on a motion thanking the president for his address to the joint sitting of both houses of Parliament, he said for the first time in decades, people of Jammu and Kashmir got benefits of reservation.

Insurance cover for bank deposits hiked to Rs 5 lakh

Insurance cover for bank deposits hiked to Rs 5 lakh

Rediff.com1 Feb 2020

The decision assumes significance in the wake of a scam in the PMC Bank affecting lakhs of customers who are facing difficulties in withdrawing their money due to restrictions imposed by the Reserve Bank of India.

Delhi polls: Here's what BJP manifesto promises

Delhi polls: Here's what BJP manifesto promises

Rediff.com31 Jan 2020

Delhi BJP chief Tiwari said each poor family will be provided good quality, subsidised 'atta' (wheat flour) at a rate of Rs 2 per kilogram. The BJP will bring an ambitious 'Samridh Delhi Infrastructure Scheme', with a provision of Rs 10,000 crore, to ensure "focussed and priority" development of roads, flyovers, foot over-bridges and other key infrastructure projects, the manifesto stated. The manifesto promises to set up a 'Colonies Development Board' for undertaking development of various civic amenities.

How India can return to higher growth rate

How India can return to higher growth rate

Rediff.com28 Jan 2020

'The slide in growth has arisen primarily because we have an NBFC crisis on top of a banking crisis,' points out T T Ram Mohan.

Falling sales add a new worry to corporates: Rising inventory

Falling sales add a new worry to corporates: Rising inventory

Rediff.com26 Jan 2020

Net sales growth for the quarter ended December (Q3FY20) was 4.5 per cent on a year-on-year (YoY) basis for companies that have declared their results so far, compared to an 8.4 per cent rise in the first half of the financial year. This indicates that there could be a further rise in days' sales of inventory.

The lady who wrote Badhaai Ho, Good Newwz

The lady who wrote Badhaai Ho, Good Newwz

Rediff.com23 Jan 2020

'The producer will wear these gold ornaments, but they will not part with Rs 30,000 or Rs 50,000 to pay the writer.'

Can Budget 2020 help tackle tax disputes?

Can Budget 2020 help tackle tax disputes?

Rediff.com20 Jan 2020

A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.

India-US ties sailing in choppy waters

India-US ties sailing in choppy waters

Rediff.com10 Jan 2020

'2020 will show whether India's troubled domestic economic and political house reveals a mismatch in their strategic association or whether closer strategic ties are yet possible,' says Anita Inder Singh.

2019: The year in photos

2019: The year in photos

Rediff.com2 Jan 2020

We sorted through countless photographs taken around the world to come up with the top photos of 2019. Together these images tell the story of the year -- capturing moments of hope and heartbreak, triumph and tragedy.

'Henceforth, no Indian should fear the taxman'

'Henceforth, no Indian should fear the taxman'

Rediff.com31 Dec 2019

'We have set out a timetable to reduce income tax rates for all incomes below Rs 50 lakh, and to progressively eliminate the surcharges on income above Rs 50 lakh, by 2024.' The Budget speech past CII president Naushad Forbes wants to hear.

How has the RBI governor fared in Year1?

How has the RBI governor fared in Year1?

Rediff.com17 Dec 2019

'The no-rate cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate RBI Governor Shaktikanta Das is maturing in his new role,' notes Tamal Bandyopadhyay.

Budget 2020: Financial sector firms pitch for tax break, GST cut

Budget 2020: Financial sector firms pitch for tax break, GST cut

Rediff.com16 Dec 2019

In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, representatives of financial sector and capital markets also highlighted the need for governance changes in PSBs with special focus on recommendations of the P J Nayak Committee. To give a boost to Indian markets, the representatives from financial sector and capital markets submitted several suggestions concerning enhancing credit offtake from banks, governance, risk capital issues, improving functioning and alleviating stress among NBFCs.

Data protection bill referred to Parliament panel

Data protection bill referred to Parliament panel

Rediff.com11 Dec 2019

The proposed law seeks bars on storing and processing of personal data by entities without the explicit consent of an individual. It, however, provides for exemptions for "reasonable purposes" such as "prevention and detection of any unlawful activity including fraud, whistle-blowing, merger and acquisitions, network and information security, credit scoring, recovery of debt, processing of publicly available personal data and the operation of search engines".

Parliament passes bill to protect rights of transgenders

Parliament passes bill to protect rights of transgenders

Rediff.com26 Nov 2019

The Rajya Sabha on Tuesday passed a bill on protection of rights of transgenders after a motion to refer it to a Select Committee of the Upper House was defeated.

Sleeping on the floor! SE Asian Games off to horror-show start

Sleeping on the floor! SE Asian Games off to horror-show start

Rediff.com26 Nov 2019

Those in the soccer competition that started ahead of the main event beginning on Saturday have borne the brunt of the disruption.

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