The Election Commission has issued a notice to Delhi Chief Minister Arvind Kejriwal for asking voters to accept money from rival parties during election campaign in Goa.The EC has asked the Delhi CM to give an explanation by 1 PM on January 19.Kejriwal had asked voters to take the money offered by political parties but fool them by voting only for the Aam Aadmi Party. He made similar remarks later in Punjab. ... Rediff.com, 6 days ago
Kejriwal again asks voters to accept money from parties - Rediff.com, 1 week ago
EC censures Kejriwal over bribe remark - Rediff.com, 1 day ago
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Banks lend 60,000 cr in 8 weeks since Nov 8; Y-o-Y credit expansion slows further. Illustration: Dominic Xavier/Rediff.com. In the eight weeks since demonetisation, banks have lent just over 60,000 crore which is way below the 2,66,900 crore banks disbursed in the same period last financial year (FY16). According to Reserve Bank of India data, the outstanding loans of the banking systems stood at 73,53,280 crore at end of November 11, 2016. It rose to ...Rediff.com, 2 days ago
Just In: Enforcement Directorate arrests Surat-based businessman Kishore Bhajiawala in a money-laundering case registered post the notes ban.Rediff.com, 2 days ago
The PMGKY will not allow declarants to use claims made for refunds for advance taxes paid, tax deducted at source and tax collected under the scheme. Illustration: Uttam Ghosh/Rediff.com. Unlike its first variant, the second edition of the government's hidden income disclosure scheme, the Pradhan Mantri Garib Kalyan Yojana, will not allow declarants to use claims made for refunds for advance taxes paid, tax deducted at source and tax collected under the scheme. This was stated on ...Rediff.com, 3 days ago
In the 52 newly listed companies since 2014, fund managers have a total investment of a mere 2.5 per cent of their assets under management. A dearth of big-sized initial public offerings in recent years has constrained domestic fund managers from riding the new IPO wave. Fund managers feel forced to chase the same set of stocks amid strong inflows into their schemes. In the 52 newly listed companies since 2014, fund managers have a total investment of a mere Rs 13,270 crore (Rs 132.7 billion), ...Rediff.com, 4 days ago
Looking forward to getting out of the "bubble", outgoing US President Barack Obama has contradicted the general perception of him living off taxpayers' money in the White House, saying he bore all his family's expenses, including the cost of toilet paper. "You know, I mentioned how I've got a pretty thick skin in this job. You've got to have it. One thing that did kind of get under my craw sometimes was people talking as if when we went on vacation or-- ' that people'd be like, 'Oh, ...Rediff.com, 6 days ago Dear Barack, thank you for the memories Rediff.com, 2 days ago
'I was top 10, I have more than $10 million. I’m not going to play for $50,000. It is not the reason' Spanish World No 42 Nicolas Almagro defended his injury withdrawal from his match at the Australian Open on Monday, saying he had not turned up just for the $50,000 prize money that comes with a first-round exit. Almagro lasted 23 minutes of his game against France's Jeremy Chardy when, serving at 4-0 down, he double-faulted, walked back to his chair and conceded the match. Almagro threw ...Rediff.com, 6 days ago
Two stock market experts discuss their wishlist for Union Budget 2017 with Aslam Hunani/Rediff.com. Deven Choksey, managing director, K R Choksey, a Mumbai brokerage firm. What are your expectations from Union Budget 2017 for the stock market? The stock market is definitely wanting to see some profound reforms which could possibly come (in this year’s Union Budget). The reforms can be in the areas of direct taxes; these may include personal tax like removal or concessions and at ...Rediff.com, 6 days ago
Money managers have turned cautious about the technology space, discovers Chandan Kishore Kant.Illustration: Dominic Xavier/Rediff.com T he Rs 5 lakh crore equity mutual fund industry has raised its bets on the automobile sector, while information technology stocks seem to be losing some favour. Auto and auto ancillaries are the second biggest bets for IT companies with double-digit allocation of their total equity assets under management (AUM). Banking continues to remain the most preferred ...Rediff.com, 1 week ago
Using a sledgehammer to fix some ills can cut down a game at its peak, warns Shekhar Gupta. As I left home reluctantly for the airport, I may have, in a nutty moment not unusual for sport-lovers, been wishing my Bengaluru flight, already delayed by two hours, was held up further. And no, I wasn't thinking about cricket, or the Supreme Court-appointed Justice Lodha Committee's surgical strike on the BCCI brass. I was thinking wrestling, and not the film Dangal, but the real thing. I had just ...Rediff.com, 1 week ago
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