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No legislative business likely in RS during budget session's first half

No legislative business likely in RS during budget session's first half

Rediff.com1 Feb 2022

The government told an all-party meeting Monday that it does not intend to bring any legislative business in Rajya Sabha during the first part of the Budget Session which is till February 11, sources said.

Rogue ARCs must be punished

Rogue ARCs must be punished

Rediff.com6 Jan 2022

Why can't we have a sunset clause for the ARCs, which is a global norm? questions Tamal Bandyopadhyay.

Winter session of Parliament to begin on stormy note on Monday

Winter session of Parliament to begin on stormy note on Monday

Rediff.com28 Nov 2021

The opposition will seek to target the government on the issue of farmers' plight as well as their demand for a legal backing for minimum support price.

What was Pratip Chaudhuri's crime?

What was Pratip Chaudhuri's crime?

Rediff.com23 Nov 2021

The account turned bad before Chaudhari took over as SBI chairman and the asset was sold to AARC following an open bidding process, months after Chaudhari retired, explains Tamal Bandyopadhyay.

'Animosity won't lead Kashmir anywhere'

'Animosity won't lead Kashmir anywhere'

Rediff.com26 Oct 2021

While there was unrest in the rest of the Kashmir valley, the Dal Lake was serene and peaceful.

In Haryana, Khattar's problems stretch beyond farmers' protest

In Haryana, Khattar's problems stretch beyond farmers' protest

Rediff.com2 Aug 2021

Apart from the second pandemic upsurge in Haryana which devastated its cities and villages, in most districts panchayats stopped inviting BJP-JJP leaders to social gatherings, while a few announced a boycott.

Will Sudhir Valia, Suraksha's 'deal maker' manage to bag Jaypee Infra?

Will Sudhir Valia, Suraksha's 'deal maker' manage to bag Jaypee Infra?

Rediff.com7 Jul 2021

With the Jaypee acquisition, the Suraksha group, which made lenders an offer of Rs 7,736 crore, will be able to expand its footprint in north India after making inroads in Mumbai's real estate market over the past year. Sudhir Valia, the promoter, was a co-founder and executive director of India's biggest pharmaceutical firm, Sun Pharmaceuticals, and is a close relative of Dilip Shanghvi.

MSMEs need help again but not the way govt did last time

MSMEs need help again but not the way govt did last time

Rediff.com10 May 2021

While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.

TN brings back Covid curbs as cases rise

TN brings back Covid curbs as cases rise

Rediff.com8 Apr 2021

As fresh Covid-19 cases continued to increase, the Tamil Nadu government on Thursday announced reintroduction of curbs like permission only for 50 per cent seating capacity in cinemas and ban on select activities effective April 10, to help prevent the spread of the virus.

This young candidate sells milk for a living

This young candidate sells milk for a living

Rediff.com30 Mar 2021

'Every day, when I deliver milk, I talk to the families and find out what is happening in their lives.' 'That is how you get to know the real issues and find solutions.'

We won't see the likes of Sagar Sarhadi again

We won't see the likes of Sagar Sarhadi again

Rediff.com24 Mar 2021

Though he went back to writing "beautiful scenes" for other Bollywood directors, his deep interest in the lives of ordinary citizens never slackened, evident from the way he made himself available to human rights groups whenever they called him.

FULL TEXT: President's address to Parliament

FULL TEXT: President's address to Parliament

Rediff.com29 Jan 2021

Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.

Biden, Harris will heal US: Indian-American lawmakers

Biden, Harris will heal US: Indian-American lawmakers

Rediff.com21 Jan 2021

'Today we prove that our democracy still works and that the power always belongs to the people through the power of our vote'

Indian-American Garima Verma named digital director in Office of the First Lady

Indian-American Garima Verma named digital director in Office of the First Lady

Rediff.com15 Jan 2021

Verma, who was born in India, grew up in Ohio and the Central Valley of California. She served as an audience development and content strategist on the Biden-Harris campaign, the transition team said on Thursday.

Why PEs may be better source of capital for banks

Why PEs may be better source of capital for banks

Rediff.com16 Dec 2020

India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.

Should we be afraid of corporates entering banking?

Should we be afraid of corporates entering banking?

Rediff.com10 Dec 2020

If indeed the gate opens for big industrial houses, the RBI needs to be smarter than them and demonstrate it through action, not reaction, observes Tamal Bandyopadhyay.

How F C Kohli and TCS conquered the world

How F C Kohli and TCS conquered the world

Rediff.com7 Dec 2020

Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.

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.

How the Kerala-based CSB Bank made a dramatic turnaround

How the Kerala-based CSB Bank made a dramatic turnaround

Rediff.com27 Nov 2020

For FY21, CSB is looking at growth of around 25 per cent and is confident of doubling it in two years. And it is also exploring options to acquire a mid-size bank with a good client base and branches in the north to acquire an all-India presence.

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.

Why is the army chief visiting Nepal?

Why is the army chief visiting Nepal?

Rediff.com4 Nov 2020

Though General Naravane's visit will not deal with 'impermanent' issues like the changing stands of politicians, it will certainly reinforce the deeper 'permanent' links between the people of Nepal and India. Time will hopefully tackle the present impermanence of the Sino-Nepalese romance, notes Claude Arpi.

How RBI can prevent frauds

How RBI can prevent frauds

Rediff.com29 Oct 2020

Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.

New farm laws a major boost for FPOs

New farm laws a major boost for FPOs

Rediff.com22 Oct 2020

The reforms will help FPOs procure directly from farmers, something that they have been pressing for long.

The TRP Trap

The TRP Trap

Rediff.com20 Oct 2020

'The more the news media weakens, especially at this juncture of economic ruin with lay-offs and wage cuts, the more the owners and journalists weigh their value in terms who they are close to, the more they depend on the State to bail them out of trouble, slow-fry their rival, the faster it pushes us towards institutional destruction,' warns Shekhar Gupta.

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

Rediff.com8 Oct 2020

It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.

Will revoke farm laws when Cong comes to power: Rahul

Will revoke farm laws when Cong comes to power: Rahul

Rediff.com6 Oct 2020

Once a Congress-led government is formed at the Centre, the farm laws will be revoked and dumped into the 'dustbin', he said, addressing a gathering in the evening here on the conclusion of his 'Kheti Bachao Yatra' (save the farming march), which began from Punjab's Moga district on Sunday.

When an American professor worked at the RBI...

When an American professor worked at the RBI...

Rediff.com10 Aug 2020

'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.

SEE: House collapses as drain in Delhi overflows

SEE: House collapses as drain in Delhi overflows

Rediff.com19 Jul 2020

'The flow of water in the nullah was intense. My house vanished as if it never existed'

Lockdown may continue if rules not followed: Uddhav

Lockdown may continue if rules not followed: Uddhav

Rediff.com10 Jun 2020

Thackeray said lockdown has been partially eased because economic activities need to continue as 'now we have to learn to live with the virus'.

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.

A better world after Covid?

A better world after Covid?

Rediff.com13 May 2020

It is time to shrug off the ideological shackles about the way we work, play and live, says Ajit Balakrishnan.

Counting the cost of Tokyo's Olympic delay

Counting the cost of Tokyo's Olympic delay

Rediff.com30 Mar 2020

Japan's Olympic delay has upended years of careful planning by organisers and spawned costly headaches for small businesses, hotels and even pro baseball teams, compounding a $12 billion price tag. New dates have yet to be set, leaving sponsors and businesses uncertain and scrambling.

Will this RBI plan boost growth? Or dent it?

Will this RBI plan boost growth? Or dent it?

Rediff.com3 Mar 2020

'The assumed linear correlation between forced lower yields, higher bank borrowing from the RBI, higher lending, and higher growth involves leaps of faith, each a step on the quicksand of false beliefs,' warns Debashis Basu.

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.

CCI warns online retailers against unfair practices

CCI warns online retailers against unfair practices

Rediff.com12 Jan 2020

The warning by the anti-trust watchdog has come days ahead of Amazon founder Jeff Bezos' India visit, about which the Seattle-headquartered company has been tight-lipped. Sources in the know indicated that Bezos, coming on a short trip, has sought a meeting with Prime Minister Narendra Modi.

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.

'Don't sell Air India, BPCL at a loss'

'Don't sell Air India, BPCL at a loss'

Rediff.com4 Dec 2019

'National assets, created over the years through tax-payers's money, should not be handed over to business houses at throwaway prices.'

How a desi is making waves at MoMA

How a desi is making waves at MoMA

Rediff.com27 Nov 2019

'We'll certainly have Hollywood productions, so why wouldn't we have Bollywood?'

How the Companies Act is likely to change

How the Companies Act is likely to change

Rediff.com19 Nov 2019

The panel suggests the government be authorised to raise the thresholds, which trigger applicability of Corporate Social Responsibility provisions.

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