Deepak Patel &Amp;Amp; Subhayan Chakraborty

Stories by Deepak Patel &Amp;Amp; Subhayan Chakraborty

'We are being told a server crash stalled the ATMs'

'We are being told a server crash stalled the ATMs'

Rediff.com   7 Mar 2020

Across Yes Bank branches, the busiest people were the relationship managers, trying to soothe nerves. Many were seen advising clients the situation was only temporary and that their money was safe.

Have traders lost faith in Modi government?

Have traders lost faith in Modi government?

Rediff.com   2 Mar 2020

CAIT has attributed its displeasure to the economic downturn, and indifferent attitude of ministers/officials towards domestic trade.

Coronavirus: India mulls imposing duties on Chinese imports

Coronavirus: India mulls imposing duties on Chinese imports

Rediff.com   1 Mar 2020

The issue is set to be discussed early next week as the commerce department meets with industry bodies to discuss the widening supply gap for key imports.

Major boost for electronic giants, as SEZs clear local sourcing test

Major boost for electronic giants, as SEZs clear local sourcing test

Rediff.com   27 Feb 2020

While 100 per cent FDI is allowed in single-brand retail, if the foreign investment exceeds 51 per cent, the 30 per cent mandatory local sourcing norm kicks in.

India to go slow on trade deal with US

India to go slow on trade deal with US

Rediff.com   27 Feb 2020

Trump had said a comprehensive trade agreement with India would take much longer to finalise than earlier expected.

Coronavirus: Over 50,000 Indians stuck in China

Coronavirus: Over 50,000 Indians stuck in China

Rediff.com   14 Feb 2020

While many are getting stranded because of lack of clarity regarding the visa rules following the novel coronavirus outbreak, others are stranded in transit as even OCI cardholders are being turned away

12 urgent ways to decriminalise business offences

12 urgent ways to decriminalise business offences

Rediff.com   10 Feb 2020

Covering 37 different legislations such as the Partnership Act of 1932, Insolvency and Bankruptcy Code, and laws on environmental protection, consumer protection and labour interests, the recommendations have been shared with Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman.

How govt plans to tighten the screws on imports

How govt plans to tighten the screws on imports

Rediff.com   3 Feb 2020

A string of measures includes specific provisions in rules governing anti-dumping, safeguards, and basic Customs duties.

Kunal Kamra seeks Rs 25L from IndiGo over flying ban

Kunal Kamra seeks Rs 25L from IndiGo over flying ban

Rediff.com   1 Feb 2020

Kamra was banned by India's largest airline for six months on Tuesday for allegedly harassing Goswami on the Mumbai-Lucknow flight. SpiceJet, GoAir and Air India also imposed a similar ban on Kamra without specifying any period.

Captain who flew Kamra writes to IndiGo, objects to ban

Captain who flew Kamra writes to IndiGo, objects to ban

Rediff.com   30 Jan 2020

The pilot wrote in his letter to airline's management that he was 'disheartened' to learn the carrier took action against the comedian without consulting him and solely on the basis of social media posts.

Exporters want Budget to address slow tax refunds

Exporters want Budget to address slow tax refunds

Rediff.com   25 Jan 2020

With exporters' claim for over five months still pending, liquidity has been wiped out and the process of finalising new contracts has been held up.

Asean bloc invites India for RCEP dialogue in Bali next month

Asean bloc invites India for RCEP dialogue in Bali next month

Rediff.com   22 Jan 2020

The Asean secretariat hopes the meet may be able to iron out existing wrinkles raised by India. Since there had been no significant progress on the matter over the past two years on most issues, New Delhi is yet to decide on the invite.

Air India reinstates pilot found guilty of sexual harassment

Air India reinstates pilot found guilty of sexual harassment

Rediff.com   19 Jan 2020

The senior pilot was suspended in May last year after being found guilty of sexual harassment by an internal committee of the airline. The committee imposed a 'major penalty' on Captain Sachin Gupta, who has now appealed to the next authority against the punishment.

'This is the only way to save the economy today'

'This is the only way to save the economy today'

Rediff.com   18 Jan 2020

'I suggest a cut in the GST rates and an infusion of Rs 1.2 trillion into the economy in six months.'

Modi's 5-year vision: What's it all about

Modi's 5-year vision: What's it all about

Rediff.com   13 Jan 2020

Spurring the economy, currently in the throes of a slowdown, remains the prime focus for most ministries, but the government is also looking to make women's welfare and environmental protection key to policymaking in this term.

Passengers threaten to break cockpit door on AI flight

Passengers threaten to break cockpit door on AI flight

Rediff.com   4 Jan 2020

"The AI865 flight on Thursday got delayed as it developed a technical snag. It had to return to the bay. Passengers started knocking on the cockpit door, asking and taunting the pilots to come out," said an airline official. "One male passenger even said that he will break open the cockpit door if the pilots didn't come out," the official said, adding the situation inside the plane "went from bad to worse".

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.

Growth finally back in services sector; PMI stood at 52.7

Growth finally back in services sector; PMI stood at 52.7

Rediff.com   5 Dec 2019

While manufacturing firms cut jobs for the first time in 20 months to sharply reduce costs, services providers continued their hiring spree.

Piyush Goyal's agenda in US

Piyush Goyal's agenda in US

Rediff.com   14 Nov 2019

Among the major ones are fewer restrictions on market access for US medical device manufacturers, as well as access for other key products.

Will Piyush Goyal manage to clinch a trade deal with US

Will Piyush Goyal manage to clinch a trade deal with US

Rediff.com   11 Nov 2019

The high point of the trip will be Goyal's meeting with US Trade Representative Robert Lighthizer on November 13, which is expected to see the USTR push India towards lower import duties in a broad range of areas.