Shine Jacob &Amp; Arup Roychoudhury

Stories by Shine Jacob &Amp; Arup Roychoudhury

Jaitley may be back at work by June-end

Jaitley may be back at work by June-end

Rediff.com   1 Jun 2018

The minister without portfolio is recovering well after his kidney transplant and has started walking in his hospital room.

Modi Sarkar's flagship energy schemes still have miles to go

Modi Sarkar's flagship energy schemes still have miles to go

Rediff.com   31 May 2018

Of the 170 million rural households in the country, a government website claims to have connected 82 per cent of them. The metered households are 50 per cent of the total. As on February, 2018, of the 780,000 villages to be intensively electrified or provide connection to all in households, 493,000 have been covered. However, the amount and quality of the power supply cannot be ascertained from this data. No clause in any of the rural electrification programmes promises 24 hours' power supply.

Nirav Modi fraud: How money changed hands

Nirav Modi fraud: How money changed hands

Rediff.com   26 May 2018

The chargesheet was filed against Nirav Modi and 23 others.

Worry lines are back for govt as crude hits $80 a barrel

Worry lines are back for govt as crude hits $80 a barrel

Rediff.com   19 May 2018

"Under different scenarios, we see the impact of higher crude prices ranging from $25 billion to a maximum of $50 billion on the oil import bill. The increase in the oil import bill will also affect the current account deficit," economic affairs secretary S C Garg said in a conference on Friday.

Walmart-Flipkart deal: What will be Tiger Global's tax liability?

Walmart-Flipkart deal: What will be Tiger Global's tax liability?

Rediff.com   14 May 2018

Taxing SoftBank, the largest shareholder in Flipkart with a little over 20 per cent stake, however, will be easier.

Govt may cut excise duty on petrol, diesel soon

Govt may cut excise duty on petrol, diesel soon

Rediff.com   10 May 2018

India is the second largest buyer of Iranian crude, after China.

Finance panel terms of references: 7 states, UTs seek change

Finance panel terms of references: 7 states, UTs seek change

Rediff.com   8 May 2018

A memorandum, signed by the chief ministers or finance ministers of Andhra Pradesh, Puducherry, Karnataka, Delhi, West Bengal, Kerala and Punjab, said the terms were disruptive and a cause for concern.

Oil import bill likely to cross $100 billion mark in FY19

Oil import bill likely to cross $100 billion mark in FY19

Rediff.com   24 Apr 2018

The price of petrol breached a three-year high on Monday at Rs 74.50 a litre, while the price of diesel was at its highest at Rs 65.75 a litre

This is how cash travels from printing press to your purse

This is how cash travels from printing press to your purse

Rediff.com   19 Apr 2018

On a daily basis, an average cash logistics company transports Rs 5,000-8,000 crore worth of cash nationwide.

Cash crunch: 'Printing of lower denomination notes will be ramped up'

Cash crunch: 'Printing of lower denomination notes will be ramped up'

Rediff.com   18 Apr 2018

As the Centre deals with the fallout of cash shortage in certain parts of the country, Principal Economic Advisor in the finance ministry, Sanjeev Sanyal, bottom, left, tells Arup Roychoudhury that the demand for cash has seen a spike of late.

April-Feb fiscal deficit hits 120% of FY18 target

April-Feb fiscal deficit hits 120% of FY18 target

Rediff.com   29 Mar 2018

The fiscal deficit rose primarily on the back of lower non-tax revenues, which came in at 60 per cent of full-year target, compared with 62.4 per cent for the same period last year.

FPI limit in long-term government securities may be hiked

FPI limit in long-term government securities may be hiked

Rediff.com   28 Mar 2018

FPIs are currently capped at 5 per cent of the total outstanding government dated securities, and own 4.5 per cent

8 unlisted PSUs buy back Rs 2,600 crore govt shares

8 unlisted PSUs buy back Rs 2,600 crore govt shares

Rediff.com   27 Mar 2018

Though this is part of the divestment drive, government's stake in these companies remains 100 per cent even after the buybacks

Country's top architects to give swanky makeover 600 rail stations

Country's top architects to give swanky makeover 600 rail stations

Rediff.com   21 Mar 2018

Top architecture firms belonging to Hafeez Contractor and C P Kukreja have offered to design a few stations free of cost.

Arvind Subramanian in race to be next chief economist of World Bank

Arvind Subramanian in race to be next chief economist of World Bank

Rediff.com   14 Mar 2018

Arvind Subramanian was appointed CEA in October 2014 and got a year's extension in September 2017

In Karnataka, Centre-state battle is over free cooking gas

In Karnataka, Centre-state battle is over free cooking gas

Rediff.com   13 Mar 2018

Rebuffing petroleum ministry, Siddaramaiah launches Pradhan Mantri Ujjwala Yojana-like scheme months before state polls

Fugitive Economic Offenders bill may take ordinance route

Fugitive Economic Offenders bill may take ordinance route

Rediff.com   1 Mar 2018

Even existing cases might come under the proposed law, including those of Vijay Mallya, Nirav Modi and Mehul Choski. But, the law would not cover earlier cases.

PNB scam fallout: Govt plans bank-holding company

PNB scam fallout: Govt plans bank-holding company

Rediff.com   26 Feb 2018

While the formation of a holding company will not outright privatise State-owned banks, officials believe it will help the Centre deflect criticism arising out of the latest banking scams.

President to host PM's LPG panchayat on Tuesday

President to host PM's LPG panchayat on Tuesday

Rediff.com   12 Feb 2018

Over 100 beneficiaries of the Pradhan Mantri Ujjwala Yojana from 20 states will share with the LPG panchayat their experiences of how clean cooking fuel has changed their lives, in the presence of President Ram Nath Kovind.

Govt to issue 'outcome budget' this week

Govt to issue 'outcome budget' this week

Rediff.com   5 Feb 2018

The idea is to monitor centrally sponsored schemes, partly funded schemes, loans, programmes and any other endeavour into which funds are pumped.