Fund

  • Jaitley announces some concessions, tax on mutual fund from July 10 4 days ago

    New Delhi: The government on Friday announced some concessions for mutual fund industry and income tax payers, while committing to low tax regime to promote industrial activity to generate jobs and create more resources to undertake social welfare activities. Announcing the concessions in the Lok Sabha, Finance Minister Arun Jaitley said...
  • Saradha chit fund scam: ED questions Mithun Chakraborty 5 days ago

    Mumbai: The Enforcement Directorate on Wednesday questioned film actor-cum-Trinamool Congress MP Mithun Chakraborty in connection with the Saradha chit fund scam in West Bengal, officials said. A team of ED officials drawn from its offices in Kolkata and Mumbai jointly quizzed the actor at his residence for close to two hours...
  • Saradha Chit Fund Scam: CBI asks Bengal, Odisha government to share documents of scam before July 31 1 week ago

    Kolkata: CBI has asked the state government of West Bengal and Odisha to share all documents related to the Saradha Chit Fund scam with them before July 31. The CBI order comes after the Supreme Court ordered transfer of investigation of the scam from the special investigation team and the...
  • Centre spends Rs 35,000 crore under SC/ST sub-plan in 2013-14 July 17, 2014

    New Delhi: Government's 25 ministries and department spent Rs 35,800.60 crore last fiscal under schedule Caste/Scheduled Tribe (SC/ST) Sub-Plan, which is meant for welfare of these communities, Parliament was informed on Thursday. However, government had allocated Rs 41,561.13 crore under the SC/ST Sub-Plan for the central ministries for 2013-14, Planning Minister...
  • No misuse of CCS funds: Arunachal Pradesh CM July 15, 2014

    Itanagar: Arunachal Pradesh Chief Minister Nabam Tuki on Tuesday denied the allegation of Union Minister of State for Home Affairs Kiren Rijiju of siphoning of central sponsored schemes (CCSs) and said a third party monitoring system by state and central governments was in place to take the guilty to task. Rijiju...
  • Maoists getting support from organisations in Europe: MHA July 15, 2014

    New Delhi: The Ministry of Home Affairs on Tuesday told Parliament that Maoists were getting support from organisation in Europe including Germany, France, Holland and Italy. Minister of State for Home Kiran Rijiju said that the matter is being taken up with the European countries. Rijiju added that the Maoists have...
  • Indian-American pleads guilty to funding al-Qaeda groups July 13, 2014

    Washington: A 31-year-old Indian-American, caught in a FBI sting operation, faces up to 15 years in prison after pleading guilty to providing thousands of dollars in material support to three terror groups operating under al-Qaeda in war-torn Syria and Somalia. Gufran Ahmed Kauser Mohammed was arrested last year in a Miami-based...
  • UP govt sanctions more funds for Muzaffarnagar riot victims July 11, 2014

    The Uttar Pradesh government has sanctioned an additional amount of Rs 3.28 crore for providing relief to riot victims, district authorities said on July 11 in Muzaffarnagar. The state government has released more fund of Rs 3.28 crore for riot victims. Relief would be provided to 58 families of riots victims,...
  • Mutual Fund industry says Budget a mixed bag July 10, 2014

    Mumbai: The mutual fund industry on Thursday welcomed the Budget proposal to increase the tax exemption limit under section 80C of the Income Tax Act to Rs 1.5 lakh, but said other measures were a mixed bag. "The additional exemption under 80C will provide a limited window for tax exemption eligible...
  • Government to raise long-term capital gains tax on debt Mutual fund to 20 pc July 10, 2014

    New Delhi: In a move that may come as a blow to the mutual fund industry, the government on Thursday proposed to raise long-term capital gains tax on debt-oriented mutual funds to 20 per cent from 10 per cent, to bring parity with banks and other debt instruments. However in the...
  • Budget 2014: FDI in insurance to be hiked to 49 per cent July 10, 2014

    New Delhi: In a big relief to the capital-starved private insurance sector, Finance Minister Arun Jaitley on Thursday proposed raising the Foreign Direct Investment (FDI) cap from 26 per cent to 49 per cent. "The insurance sector is investment starved. Several segments of insurance sector need expansion. The composite cap of...
  • Union Budget: Delhi government awaits funds to complete projects July 9, 2014

    New Delhi: The Delhi government on Wednesday pinned its hope on the Centre for allocation of funds in the General Budget to execute its major schemes such as cleaning of the Yamuna, development of unauthorized colonies and strengthening of power transmission in the national capital. The Delhi government has urged Centre...
  • Investors pump in Rs 54,000 crore in mutual fund schemes in FY14 July 9, 2014

    New Delhi: Investors pumped in nearly Rs 54,000 crore in various mutual fund schemes in 2013-14, 23 per cent lower than the amount infused by them in the preceding fiscal, the Economic Survey on Wednesday said. "During 2013-14, mutual funds mobilised Rs 53,782 crore from the markets as compared to Rs...
  • Top British ministers woo India under Modi July 8, 2014

    Mumbai: Britain's finance minister announced a $428 million deal with India's military on Monday after arriving in the country to seek stronger trade and investment ties with new Prime Minister Narendra Modi's government. George Osborne and Foreign Secretary William Hague landed in Mumbai for the two-day visit to drum up business...
  • 'If I am FM: I will allocate more funds for education' July 7, 2014

    If I were FM, I would focus on more allocation of funds for the primary and secondary education. I would also make sure that it is effectively implemented across the country. ...
  • AAP urges Najeeb Jung to change MLA fund spending law; threatens stir July 5, 2014

    New Delhi: Aam Aadmi Party on Sarturday asked Lt Governor Najeeb Jung to change a "discriminatory" act that disallows MLAs from spending their funds for development work in group housing societies' areas here and threatened to launch a city-wide stir if its demand was not met. Addressing a press conference, AAP...
  • Centre directs states to ensure timely wages under MGNREGA June 24, 2014

    New Delhi: Taking serious note of delays in the disbursement of wages under MGNREGA, the Centre on Tuesday asked state governments to notify the 'rules' and implement the system of compensation to address the issue. Citing a provision in the MGNREGA Act, the Centre said that "the disbursement of...
  • Don't allow NGO Greenpeace to collect foreign funds: IB to PMO June 19, 2014

    New Delhi: After an Intelligence Bureau called Greenpeace a threat to national economic security, it has now clamped down on the international NGO recommending cancellation of permission given to it for collecting funds abroad besides reassessment of its tax compliance. In the fresh report, submitted to Prime Minister's Office and National Security...
  • Kataria urges PM to earmark sufficient funds for Puducherry June 15, 2014

    Puducherry: Puducherry Lt Governor Virendra Kataria has appealed to Prime Minister Narendra Modi to earmark sufficient funds for the Union Territory so that several developmental projects could be taken up for speedy implementation. A release from the office of the Lt Governor said on Sunday that Kataria made the appeal...
  • Lack of coordination among civic bodies in Bangalore leading to wastage of funds , says CJ Rahul June 15, 2014

    Rahul Dayama turns CJ to highlight the lack of coordination among the civic bodies like BWSSB and BBMP in Bangalore city leading to the criminal wastage of tax payers money. This after he saw a series of road and drainage works being carried out in his city under complete lack...
  • Noted international NGO Greenpeace a 'threat to economic security': IB June 11, 2014

    New Delhi: International non-government organisation Greenpeace is in a spot of bother after an Intelligence Bureau report called it "a threat to economic security" and accused it of impacting the country's GDP by initiating agitations and campaigns against coal and nuclear power plants. In its report on foreign-funded NGOs, the IB...
  • Safe Schools move in Nigeria, attracts hefty funding June 5, 2014

    United Nations: The Safe Schools Initiative in Nigeria has attracted significant funding since the abduction of more than 200 school girls by a militant organisation, the UN announced. The Safe Schools Initiative has already gathered more than $23 million which will be used to ensure that schools, particularly in the north...
  • CBI files first set of FIRs in connection with the Saradha chit fund scam June 4, 2014

    New Delhi: CBI has registered its first set of FIRs in connection with the multi-crore Saradha Chit fund scam. A total of 3 FIRs have been filed in West Bengal and 43 FIRs have been filed in Odisha which includes allegations of cheating, criminal breach of trust and conspiracy. The CBI...
  • Centre starts providing funds to Telangana June 2, 2014

    New Delhi: The government has started providing funds to Telangana, which on Monday became the 29th state of India. "The Government of India has started devolving funds to the newly created State of Telangana from today, a finance ministry statement said. K Chandrasekhar Rao, who had spearheaded the movement for separate state...
  • Sri Lanka growth positive but needs to reduce debt: IMF May 30, 2014

    Colombo: Sri Lanka's economic growth has exceeded expectations last year, the International Monetary Fund (IMF) said today and forecast that the country's economy would grow by around 7 per cent in 2014. "Real GDP growth reached 7.3 per cent, inflation declined to below 5 per cent," Todd Schneider, the head of...
  • MP government to seek Central funds for pending projects May 30, 2014

    The ruling BJP in Madhya Pradesh has pinned high hopes on the NDA government at the Centre for getting Central funds for the state's pending projects. "Madhya Pradesh Chief Minister Shivraj Singh Chouhan has instructed his Cabinet colleagues and officers to prepare a list of pending projects with the Centre for...
  • TDP to set up special fund for party workers May 28, 2014

    The Telugu Desam Party has decided to set up a special fund to extend financial assistance to needy workers of the party. The TDP's annual conclave 'Mahanadu' okayed the fund proposal mooted by party president N Chandrababu Naidu's son Nara Lokesh, who made his maiden speech at the event on Wednesday. Lokesh,...
  • Naidu seeks resource mobilisation report to pursue funds issue with Centre May 23, 2014

    Noting that the new government of Andhra Pradesh would start with a heavy deficit budget, Chief Minister-to-be N Chandrababu Naidu on Friday asked top bureaucrats of the state to study the various avenues for resource mobilisation and prepare a comprehensive plan. He also asked the officials to study the various benefits...
  • Singapore PM wants apology from blogger for corruption charge May 19, 2014

    Singapore: Singapore Prime Minister Lee Hsien Loong has sent a legal notice to a local blogger, demanding the removal of an article accusing him of corruption which had been "published maliciously", local media reported. Roy Ngerng had on his website, The Heart Truths, posted a blog titled "Where your CPF...
  • India not pursuing any agenda for expansion of BRICS May 13, 2014

    New Delhi: India on Tuesday said that it will not pursue any agenda for expansion of Brazil-Russia-India-China-South Africa (BRICS) bloc during the upcoming summit in July in Brazil. Noting that the interest of Argentine and various other countries to join BRICS is well-known, official sources said currently there was no...