Jaitley said the cap on cash transactions is being reduced to curb generation of black money and the move to introduce electoral bonds is for cleansing the political funding Making Aadhaar number mandatory for filing of Income Tax returns is necessary to curb tax evasion and frauds, the government said today while rejecting the Opposition demand for a relook at the move. Finance Minister Arun Jaitley replied in the affirmative when a Biju Janata dal member questioned in the Lok Sabha whether ... Rediff.com, 5 hours ago
EC mulls cashless funding to check black money in elections - Rediff.com, 1 week ago
For cashless economy, govt wants to cap cash transactions at Rs 200,000 - Rediff.com, 1 day ago
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Just in: The Supreme Court says it will auction the Sahara group's Aamby Valley project if the money is not paid by Subrata Roy and others. The Rs 39,000 crore property at Aamby Valley in Pune was attached by the court in January in an ongoing case against the business tycoon for which he has already spent time in Tihar jail of Delhi. Sahara, who set up a multi-million dollar business conglomerate, was sent to jail by the top court in 2014 after his group failed to repay the ...Rediff.com, 1 day ago Will auction Aamby Valley if Rs 5,000 cr not paid: SC to Sahara Rediff.com, 1 day ago
Milan Vaishnav, the author of When Crime Pays: Money and Muscle in Indian Politics on UPs new chief minister."It seems that Yogi Adityanath was the consensus pick of the BJP MLAs in UP, but it's a risky one for Modi. This is perhaps why the BJP leadership has created a troika-like set-up with two deputy CMs. Yogi has no track record of administration -- and this is what UP so desperately needs. "The cases against him all involve communal violence and creating enmity between communities. This ...Rediff.com, 1 day ago
ED arrests sand mining baron Shekhar Reddy and two others in Chennai in connection with a money laundering case post demonetisation.Sekhar Reddy allegedly used public servants to change demonetised currency, the CBI's FIR filed in December has said. The CBI's FIR copy on the money laundering case against Reddy claims that the sand mining baron used a certain number of unknown public servants and bank employees to change the demonetised currency into new notes.After getting information from the ...Rediff.com, 1 day ago Mining baron, 2 others held under PMLA for concealing Rs 142 cr income Rediff.com, 1 day ago
With Nexa, the value-for-money mass-market car maker hopes to attract premium buyers. Sangeeta Tanwar reports. IMAGE: Since the launch of Nexa, Maruti has launched Ciaz, Baleno, S-Cross and Ignis, covering the spectrum from a sedan priced more than 8 lakh to a compact car priced at 4.59 lakh. Photograph: Anindito Mukherjee/Reuters. Who are Maruti Suzuki's biggest customers? Maruti Suzuki (Maruti), the automaker synonymous with value-for-money mass-market cars, has been making ...Rediff.com, 2 days ago
India turns talent backyard for Southeast Asian taxi apps to fight Uber. Illustration: Dominic Xavier/Rediff.com. Softbank-backed Southeast Asian taxi-hailing firm Grab has set up a research centre in Bengaluru, joining other firms from the region such as GO-JEK that are looking to tap India’s strong engineering talent base to take on global rivals such as Uber. The new centre will employ 200 engineers who will primarily look at developing digital payment technologies for Grab and ...Rediff.com, 2 days ago
‘I've given everybody their money's worth, a three-setter every match so far’ IMAGE: Jack Sock returns a shot to Kei Nishikori of Japan during the quarter-finals of the BNP Paribas Open at the Indian Wells. Photograph: Matthew Stockman/Getty Images Jack Sock celebrated a pair of firsts on Friday by powering past fourth seed Kei Nishikori 6-3, 2-6, 6-2 to book a date with Roger Federer in the semi-finals of the BNP Paribas Open in Indian Wells, California. Relying on his big serve ...Rediff.com, 4 days ago
'The presenters make the money -- the ones who put their hard work, blood and sweat don’t always make money.' Baahubali: The Conclusion is all set to break new records. IMAGE: Prabas and Rana Daggubati at the trailer launch of Baahubali: The Conclusion. Photograph: Pradeep Bandekar Baahubali: The Conclusion will be bigger and better than the first, promises director SS Rajamouli. The trailer launch of the film was held in Mumbai, and it's key players -- Rajamouli, actors Prabas and Rana ...Rediff.com, 5 days ago
The assets in control of MFs soared to a record high of Rs 17.9 lakh crore last month In order to boost small investors, the market regulator is mulling instant redemption (withdrawal) for investors in liquid mutual funds. Currently, it takes up to three days to withdraw money or cash out. The regulator Securities and Exchange Board of India is in talks with mutual funds (MFs) to standardise and introduce instant redemption. "We need to think about parameters to go along with this. There ...Rediff.com, 6 days ago
Union minister Venkaiah Naidu on Congress allegations that the BJP used money power to get its numbers in Goa and Manipur: Congress allegations of snatching power in Goa and Manipur are absurd and baseless. Congress could not stake claim of proving majority in the two states; is yet to learn lessons from past. ...Rediff.com, 6 days ago
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