Shine Jacob And Arup Roychoudhury

Stories by Shine Jacob And Arup Roychoudhury

330,000 govt jobs up for grabs!

330,000 govt jobs up for grabs!

Rediff.com   6 Nov 2018

The railways, the country's largest employer, will be hiring 127,000 people in 2018-2019, for which 23.7 million are competing.

FinMin-RBI differences come to the fore again

FinMin-RBI differences come to the fore again

Rediff.com   31 Oct 2018

The Financial Stability and Development Council meeting on Tuesday started with an air of tension in the room. An official present described the participants' body language as "tetchy". However, once presentations and discussions begun, the mood considerably eased.

Sabarimala gives BJP a foot in Kerala's door

Sabarimala gives BJP a foot in Kerala's door

Rediff.com   30 Oct 2018

The saffron party will use Lord Ayyappa the same way it made use of Lord Ram in the north to take away the Nair vote and make electoral inroads in the state.

Private players may now enter India's fuel retailing space

Private players may now enter India's fuel retailing space

Rediff.com   23 Oct 2018

At present, India has 56,999 fuel outlets. Of those, only 6,276 are owned by private companies

Oil import bill for FY19 seen rising 42%

Oil import bill for FY19 seen rising 42%

Rediff.com   23 Oct 2018

The benchmark Indian crude oil basket is now estimated to average $77.88 a barrel for FY19, compared to the government's earlier estimate of $65 a barrel for the year and $56.39 for FY18

Oil subsidy bill is nearly twice the year's budgeted estimate - with 6 months to go

Oil subsidy bill is nearly twice the year's budgeted estimate - with 6 months to go

Rediff.com   13 Oct 2018

Senior policymakers say it is a tough task and the finance ministry may resort to the time-tested method of carrying forward part of the subsidy payment burden to the next fiscal year.

FEMA norms may be amended to ease remittances

FEMA norms may be amended to ease remittances

Rediff.com   12 Oct 2018

According to the data available on the Reserve Bank of India's website, net workers' remittances in April-June 2018 were $11.5 billion

Economic Affairs Secy: 'Rs should settle at 69-70'

Economic Affairs Secy: 'Rs should settle at 69-70'

Rediff.com   1 Oct 2018

'The rupee falling from 69 to 72 was not normal or justified by the fundamentals.' 'And therefore I treat this as temporary.'

All is not lost for IL&FS yet as LIC, SBI plan to hike stake

All is not lost for IL&FS yet as LIC, SBI plan to hike stake

Rediff.com   26 Sep 2018

The IL&FS management is also talking to its second-largest shareholder, Orix Corporation of Japan, to infuse more funds into the company - in case any shareholder backs out during the rights issue.

EXPLAINED! How runaway fuel prices affect Indian economy

EXPLAINED! How runaway fuel prices affect Indian economy

Rediff.com   21 Sep 2018

The Central government is stuck between the devil and the deep blue sea as far as the runaway fuel prices are concerned.

Pawan Hans to Air India, 9 PSUs to be put on the block

Pawan Hans to Air India, 9 PSUs to be put on the block

Rediff.com   21 Sep 2018

Sources said valuation of all these assets was an ongoing process, and the mode and manner of disposal would be decided on a case-by-case basis

The many challenges facing Jaitley's fiscal promise

The many challenges facing Jaitley's fiscal promise

Rediff.com   19 Sep 2018

After the April-July fiscal deficit data was released on August 31, several analysts hinted that the government may need to go for cuts in capital expenditure to meet the fiscal deficit target.

On day 2 of review, Jaitley bullish on keeping fiscal deficit down

On day 2 of review, Jaitley bullish on keeping fiscal deficit down

Rediff.com   16 Sep 2018

Finance ministry tells PM fiscal deficit target will be met, capex expenditure won't be cut and GDP growth will surpass 7.5%.

The Indian tycoon who sparked talk of UAE aid

The Indian tycoon who sparked talk of UAE aid

Rediff.com   29 Aug 2018

For many, he is the Dhirubhai Ambani of Kerala. For others, he is the most influential Indian in West Asia. M A Yusuff is back in the spotlight after the controversy surrounding the UAE's reported offer of a Rs 7 billion aid package for flood-hit Kerala.

Modi govt's capital expenditure for April-July crosses Rs 1 trillion

Modi govt's capital expenditure for April-July crosses Rs 1 trillion

Rediff.com   28 Aug 2018

The major beneficiaries have been the ministries of roads and highways, railways and power

Why petroleum dealers are angry with the Modi govt

Why petroleum dealers are angry with the Modi govt

Rediff.com   27 Aug 2018

The dealers are protesting against the use of petrol pumps for government campaigns and seeking of personal data of over a million people working there

Finally, govt admits rupee, crude prices will impact CAD

Finally, govt admits rupee, crude prices will impact CAD

Rediff.com   22 Aug 2018

Research and ratings agencies like Icra and Moody's have said the CAD in 2018-19 would be much higher than 2017-18

Railways won't roll back dynamic pricing for premium trains

Railways won't roll back dynamic pricing for premium trains

Rediff.com   22 Aug 2018

Looking into the flexi-fare scheme in Rajdhani, Duronto and Shatabdi trains introduced in September 2016, the CAG stated that occupancy in all classes except the sleeper class in Duronto decreased.

Centre may not accept UAE's Rs 700 crore relief for Kerala

Centre may not accept UAE's Rs 700 crore relief for Kerala

Rediff.com   22 Aug 2018

Interestingly, PM Modi had thanked his UAE counterpart Sheikh Mohammed bin Rashid Al Maktoum for offering the support to the rain-battered state on August 18.

Kerala floods: Businesses stare at a loss of over Rs 20,000 crore

Kerala floods: Businesses stare at a loss of over Rs 20,000 crore

Rediff.com   20 Aug 2018

Kerala floods take a toll on small businesses, NBFCs brace for losses