Jet had planned to raise $400 million (Rs 2,000 crore) via equity investment through the Qualified Institutions Placements route from Foreign Institutional Investors.
Banks have raised concerns over the new international trade settlement in rupee, fearing that facilitation of such a mechanism could result in them facing the ire of economic sanctions by the West, people aware of the matter said. Large banks with overseas operations have sought clarity and assurance from the Reserve Bank of India (RBI) that they will not be targeted with sanctions for facilitating rupee trade with a sanction-hit country such as Russia. The present payment mechanism is a shift from earlier such arrangements, like the one with sanction-hit Iran, which involved banks facilitating settlement of international trade that did not have business in the sanctioned nation.
Prodipto Ghosh, presently additional secretary to the prime minister, has been appointed additional secretary, department of economic affairs, an official spokesman said on Friday.
Jaishankar described the October 7 strikes on Israeli cities by Hamas as "terrorism" but at the same time asserted India's long-standing support for a negotiated two-state solution to the Palestine issue.
The department of economic affairs, in its Monthly Economic Review for September, said critical reforms undertaken by the government will put India to a strong and sustainable growth path in the long run.
Senior bureaucrat Atanu Chakraborty has been appointed as the department of expenditure secretary on Wednesday, replacing G C Murmu who was named as the first Jammu and Kashmir lieutenant governor last week.
The Sri Lankan government has appointed an advisory committee comprising eminent economic and fiscal experts to provide guidance on addressing the current debt crisis and engaging with the International Monetary Fund (IMF) and other lenders as the country struggles to combat the unprecedented shortage of foreign reserves.
The External Affairs Ministry claimed that more than mere courtesies were exchanged between Prime Minister Narendra Modi and China President Xi Jinping at Bali G20 Meet in November 2022.
Department of Economic Affairs secretary Atanu Chakraborty said that equity capital flows have been positive this year.
India is keen to accelerate economic ties with Canada as both countries are working on a number of bilateral agreements that will boost trade and investment between them, External Affairs Minister S M Krishna has said.
No government in the past initiated the process of policy making for its next tenure even before going in for elections. Once the Model Code of Conduct is enforced by the Election Commission, should the government of the day refrain from taking an active interest in policy making for the next five years and let that be the function of the new government?, asks A K Bhattacharya.
If Pitroda's blunder cost him his office, what should the BJP's unrepentant attitude cost it?, asks Shyam G Menon.
Tamil Nadu cadre IAS officer K Rajaraman on Friday took charge as the new telecom secretary. His joining comes following the superannuation of Anshu Prakash on September 30. "Shri K Rajaraman, IAS (TN:89) takes charge as Secretary, @DoT_India in presence of senior officials of the department," a PIB tweet said. He was serving as the additional secretary for investments at the Department of Economic Affairs before being promoted to the position of secretary, DoT.
Had it not been for Pankaj Tripathi, who must have worked hard to get those Vajpayee intonations and mannerisms so perfectly well, Ravi Jadhav's flattering portrait of Vajpayee would have been more vacuous than what we get to see, observes Prasanna Zore.
Modi said New Delhi has emphasised on dialogue and diplomacy along with restraint to deal with the situation arising out of the Hamas-Israel conflict.
She also addressed the Indian Community at a reception held in her honour in Jakarta.
The Indian crew onboard a crippled container vessel that collided against a key bridge in Baltimore last week is healthy , according to a nonprofit organisation that has been in touch with the personnel.
India and the US agreed to continue their cooperation in the areas of defence, space and clean energy as External Affairs Minister S Jaishankar met Secretary of State Antony Blinken here, amid a simmering diplomatic row between India and Canada over the killing of a Khalistani separatist.
Congress president Mallikarjun Kharge and former All India Congress Committee chief Sonia Gandhi will address leaders in Nava Raipur, as well as political, economic and international affairs resolutions will be deliberated upon at the party's 85th plenary session on Saturday.
Had it not been for the slow but sure emergence of China as a threat to the western order, would India have been accepted as a near-equal partner by individual western nations, jointly and severally, questions N Sathiya Moorthy.
Without making big-ticket changes in the economic ministries, Prime Minister Manmohan Singh on Tuesday shifted Law Minister M Veerappa Moily to the ministry of corporate affairs and inducted young Milind Deora in his council of ministers.
Pakistan's ministry of foreign affairs said that the violation of Pakistan's sovereignty is "completely unacceptable" and warned of serious consequences.
Delhi Chief Minister Arvind Kejriwal, arrested in the Delhi liquor policy case, on Thursday alleged that the 'actual' excise scam started after the Enforcement Directorate (ED) probe and not when the policy was made and that the agency's 'two main motives' were to crush his Aam Aadmi Party and to declare it corrupt.
The minority affairs minister ruled out reconsideration on abrogation of Article 370 provisions, saying there was no going back.
The agency had received Rs 946.51 crore to manage its affairs in the Budget Estimates for 2023-24, which was later increased to Rs 968.86 crore in the Revised Estimates.
As part of the ritual, ''halwa'' is prepared in a big ''kadhai'' (large frying pot) and served to the entire staff involved in the Budget making exercise of the ministry. Halwa was served while maintaining COVID protocol with all present in mask and those distributing sweets were wearing gloves.
There is a growing sentiment in the world and the global South in a way embodies it. But there's also political resistance, he said.
The former Union minister asserted that an objective analysis of the political situation will lead to the conclusion that the Congress has to be the "pole" around which Opposition unity in the 2024 Lok Sabha election can be built.
The change came amid reports that the presence of Amit Shah, who was made home minister in the second Narendra Modi dispensation after Singh held the charge in the first between 2014-19, in all eight committees had highlighted his position as the second most powerful person in the new government.
The delegation visiting India during September 5-8 will be led by assistant secretary of state for South and Central Asian affairs Donald Lu.
Joly said that Ottawa stands by its decision to inform Canadians about the allegations surrounding the killing of Nijjar, but remains engaged with the Indian government on the issue.
The Union home ministry has cancelled the Foreign Contribution Regulation Act (FCRA) registration of the Centre for Policy Research (CPR) for alleged violation of laws, a move the public think-tank termed "incomprehensible and disproportionate" and vowed to seek legal recourse against.
'Their role model is Iran: high control of the citizens by the State.' In Iran it is Islamic control; in India, it will be Hindutva control.'
The department of investment and public asset management (Dipam) can also seek in-principle approval from the Cabinet Committee on Economic Affairs (CCEA) for strategic divestment of PSUs on a case-to-case basis considering investor appetite and sectoral trends.
The Enforcement Directorate has filed its first charge sheet in connection with its money laundering probe against Chinese smartphone maker Vivo-India and some others, official sources said on Thursday. The prosecution complaint was filed before the court of Special Judge Kiran Gupta in New Delhi on Wednesday under the criminal sections of the Prevention of Money Laundering Act and Vivo-India has been named an accused apart from those arrested in this case, the sources told PTI. The judge posted the matter for consideration on December 13.
The document includes inputs from various groups such as labour and farmer unions and industry.
The scaling up of the India-US strategic partnership to the level of non-NATO ally with defence deals, sharing and transfer of defence technology, interoperability, joint collaboration and joint production of defence equipment has exacerbated Moscow's anxiety, notes Rup Narayan Das.
Currently Chairman of the President's Council of Economic Advisers, Krueger plans to return to his position as Bendheim Professor of Economics and Public Affairs at Princeton University at the end of the summer.
This came amid the buzz of an imminent reshuffle in the Union Cabinet.
Rulers in New Delhi and their political aides in sensitive states like Tamil Nadu have to be doubly careful not to provoke a situation whose consequences may be much more than visible now to the naked eye, notes N Sathiya Moorthy.
