Aneesh Phadnis And Somesh Jha

Stories by Aneesh Phadnis And Somesh Jha

CBI told to use director identification number in notices to bankers

CBI told to use director identification number in notices to bankers

Rediff.com   29 Dec 2019

This, said Sitharaman, would remove the possibility of unauthorised communication "and consequent harassment", which was a cause of concern for bankers.

CAA protests: Tourism may be hit badly

CAA protests: Tourism may be hit badly

Rediff.com   23 Dec 2019

Foreign tourists are postponing their India holiday and there have been some cancellations as well, with trips to the North-East seeing the most adverse impact.

Air India may be unable to sustain operations

Air India may be unable to sustain operations

Rediff.com   18 Dec 2019

Air India is seeking government approval to raise a Rs 2,000 crore loan and refinance $819 million aircraft debt, which would help tide over the financial crisis.

At 11.2%, Nov's air traffic growth fastest this year

At 11.2%, Nov's air traffic growth fastest this year

Rediff.com   13 Dec 2019

About 1.2 crore passengers flew in November compared to 1.1 crore in October. While the industry opinion is divided over the sustainability of unprofitable growth, which is primarily led by low fare, some described it as the resilience of air travel against the economic slump.

State-run banks come to the rescue of MSMEs

State-run banks come to the rescue of MSMEs

Rediff.com   11 Dec 2019

Banks will also consider requests from MSMEs for restructuring their stressed standard assets. So far, only 25 per cent of the around 1 million eligible MSMEs have taken benefit of the RBI's special dispensation.

Gig economy workers may now get insurance cover under ESIC scheme

Gig economy workers may now get insurance cover under ESIC scheme

Rediff.com   5 Dec 2019

Gig workers are usually spoken of in the context of the sharing economy, like Uber, Ola drivers, delivery persons for Zomato and Swiggy and so on. This is the first time such workers will be covered under India's social security law.

Only 61% homes used LPG as of Dec 2018

Only 61% homes used LPG as of Dec 2018

Rediff.com   26 Nov 2019

Only 48.3 per cent of the rural households used LPG, while the figures were much higher in urban areas at 86.6 per cent, according to a NSO report.

Govt releases 5 survey reports but holds back study it junked

Govt releases 5 survey reports but holds back study it junked

Rediff.com   25 Nov 2019

The government's decision to release the reports comes two days after over 200 scholars from across the globe issued a statement demanding release of all withheld reports produced by the NSO, including the household consumer expenditure survey that was junked.

Consumer spend falls for the first time in over 40 years

Consumer spend falls for the first time in over 40 years

Rediff.com   22 Nov 2019

Experts said a dip in consumption expenditure indicated an increasing prevalence of poverty in the country.

This Bill will decide how India Inc hires and fires

This Bill will decide how India Inc hires and fires

Rediff.com   21 Nov 2019

Sitharaman said the Bill has proposed giving a legal framework for fixed-term employment through which contract workers serving a fixed-tenure will get equal statutory social security benefits as regular workers in the same unit.

GoAir chooses Pratt & Whitney engines for 2nd lot of 72 Airbus planes

GoAir chooses Pratt & Whitney engines for 2nd lot of 72 Airbus planes

Rediff.com   21 Nov 2019

The selection gives a boost to the US engine firm, which lost out to rival manufacturer CFM International for IndiGo's 280 aircraft engine order in June.

Govt scraps consumer expenditure survey over 'data quality'

Govt scraps consumer expenditure survey over 'data quality'

Rediff.com   16 Nov 2019

The findings of the report showed consumer spending falling for the first time in over four decades in 2017-18. The government has, however, termed it a "draft" report, reports Somesh Jha.

Why govt wants to classifying jobs based on skills

Why govt wants to classifying jobs based on skills

Rediff.com   13 Nov 2019

In the draft rules, among 681 listed professions, armed security guards, supervisors, surveyors, and carpenters (class I) are proposed to be treated as highly skilled professionals; electricians, tailors and drivers are skilled; cooks and cobblers as semi-skilled and dairy coolies, office peons and sweepers as unskilled.

Good news for fliers to Saudi Arabia as seat quota hiked by 78%

Good news for fliers to Saudi Arabia as seat quota hiked by 78%

Rediff.com   11 Nov 2019

Among the Indian carriers, Air India, Air India Express, IndiGo, and SpiceJet operate flights to Saudi Arabia while Saudi Arabian Airlines and Flynas are the two carriers operating in India.

Mudra loans led to a 28% rise in jobs

Mudra loans led to a 28% rise in jobs

Rediff.com   7 Nov 2019

After taking benefit of the scheme, jobs increased by around 11 mn in establishments that took loans.

India issues advisory against travel to Turkey

India issues advisory against travel to Turkey

Rediff.com   24 Oct 2019

The advisory was issued by the Indian embassy in Ankara on Tuesday against the backdrop of strained India-Turkey relations and Turkey's offensive against Kurdish rebels in Syria.

Cleartrip, Taj Hotels to spread wings in West Asia

Cleartrip, Taj Hotels to spread wings in West Asia

Rediff.com   23 Oct 2019

Cleartrip acquired Saudi travel firm Flyin last July and it provides bilingual ground support service and itineraries for inbound tourists.

Pension schemes: Govt owes Rs 9,100 crore, says EPFO

Pension schemes: Govt owes Rs 9,100 crore, says EPFO

Rediff.com   21 Oct 2019

Part of the dues has been pending since 1995-96 - the inception year of the Employees' Pension Scheme administered by the EPFO. The Centre also owes the EPFO more than Rs 1,000 crore towards the minimum pension scheme it had notified in September 2014.

DGCA error forced Pak F-16s to intercept SpiceJet flight

DGCA error forced Pak F-16s to intercept SpiceJet flight

Rediff.com   19 Oct 2019

The DGCA official who wrongly assigned the code of Antonov AN-32 -- an aircraft used by the IAF -- to the SpiceJet aircraft has been suspended, report Arindam Majumder and Aneesh Phadnis.

New-look FRDI bill to offer higher deposit insurance

New-look FRDI bill to offer higher deposit insurance

Rediff.com   17 Oct 2019

The government would be ironing out issues related to the controversial 'bail-in' clause in the earlier Bill, explore hiking the deposit insurance cover of customers, and decide whether the resolution framework should apply to public sector banks.