News for '-economic-affairs'

Key N-deal architect likely to be new US envoy to India

Key N-deal architect likely to be new US envoy to India

Rediff.com2 Sep 2017

As the Under Secretary for Commerce, Juster played a key role in developing the Indo-US deal.

Banknotes in India may soon sport new designs

Banknotes in India may soon sport new designs

Rediff.com19 May 2016

The 557th meeting of the Central Board was chaired by RBI Governor Raghuram Rajan, and attended by the four deputy governors among others

Revealed: Modi's plans for the economy

Revealed: Modi's plans for the economy

Rediff.com3 Aug 2020

he government is examining a plan of bank recapitalisation and considering an urban version of MNREGS.

Taxmen keep an eye on money changers

Taxmen keep an eye on money changers

Rediff.com10 Nov 2016

Money changers operating behind the RBI HQ in Mumbai said they would charge a 15% fee to convert Rs 1 crore.

Is it expensive to study in Germany?

Is it expensive to study in Germany?

Rediff.com11 Mar 2020

If you have pursued your bachelor's degree from elsewhere, studying a master's programme in public universities in Germany is easier as 80% of the universities are free, says Sushil Sukhwani.

IT firms queue up to control crime, criminals

IT firms queue up to control crime, criminals

Rediff.com1 Sep 2009

Around 27 Indian IT firms, including majors like Tata Consultancy Services (TCS), Infosys Technologies and Wipro Ltd, are understood to have submitted their expressions of interest (EoIs) to develop a technology platform for the Centre's Crime and Criminal Tracking Networks and Systems (CCTNS) project.

Jet gets govt nod to raise $400 mn

Jet gets govt nod to raise $400 mn

Rediff.com24 Dec 2009

The airline intends to raise the money to meet its cash flow requirements and had got the shareholders' approval for the same on July 24.

CBI leaking Aircel-Maxis chargesheet to media: Chidambaram

CBI leaking Aircel-Maxis chargesheet to media: Chidambaram

Rediff.com28 Aug 2018

Special Judge O P Saini issued notice to the agency and sought its response by October 8.

Rules relaxed for up to Rs 1,200 cr FDI

Rules relaxed for up to Rs 1,200 cr FDI

Rediff.com26 Mar 2010

The government on Friday said it has started implementing liberal FDI rules under which proposals up to Rs 1,200 crore (Rs 12 billion) foreign equity would be cleared by the Finance Minister without seeking approval of the Cabinet Committee on Economic Affairs.

IL&FS case: Deloitte, KPMG's plea dismissed

IL&FS case: Deloitte, KPMG's plea dismissed

Rediff.com4 Mar 2020

Rejecting the contention of the auditors and others that they cannot be treated as part of the management, which is responsible for managing the affairs of the company and therefore should not be charged as per the said section, the NCLAT said that rules of natural justice are to be followed.

Rupee falls to over 70/USD; recovers at close on RBI intervention

Rupee falls to over 70/USD; recovers at close on RBI intervention

Rediff.com14 Aug 2018

A rebound in oil prices, FII outflows and concerns over current account deficit weighed on the domestic currency, pushing it to fresh life-time lows.

SCI may get nod for FPO next week

SCI may get nod for FPO next week

Rediff.com16 Sep 2010

The Cabinet Committee on Economic Affairs is likely to approve the 20 per cent follow-on offer of Shipping Corporation of India next week, which may fetch close to Rs 1,400 crore (Rs 14 billion).

India eases FDI norms

India eases FDI norms

Rediff.com11 Feb 2010

The government on Thursday further liberalised the foreing investment regime by allowing Foreign Investment Promotion Board to clear proposals from overseas entities worth up to Rs 1,200 crore (Rs 12 billion), against the existing limit of Rs 600 crore (Rs 6 billion).

Centre opposes EC's stand in SC on electoral bonds

Centre opposes EC's stand in SC on electoral bonds

Rediff.com3 Apr 2019

The government said that the massive amount of political donations were earlier made in cash by individuals or corporates using 'illicit means of funding'.

FIPB defers decision on Vodafone's Rs 10,141 crore proposal

FIPB defers decision on Vodafone's Rs 10,141 crore proposal

Rediff.com9 Dec 2013

The Foreign Investment Promotion Board (FIPB) on Monday deferred a decision on Vodafone's Rs 10,141 crore (Rs 101.41 billion) proposal to buy out minority shareholders in its Indian arm as the Ministry of Home Affairs is yet to give its comments.

PSE reconstruction board formed

PSE reconstruction board formed

Rediff.com3 Nov 2004

The Union government on Wednesday constituted a Board for Reconstruction of Public Sector Enterprises.\n\n\n\n

Govt to relax FDI norms

Govt to relax FDI norms

Rediff.com21 Jan 2010

Another roadblock to be removed from FDI path; Load on insurance chest.

Ethanol price for fuel blending to be Rs 27/litre

Ethanol price for fuel blending to be Rs 27/litre

Rediff.com16 Aug 2010

The government on Monday raised the price of ethanol for blending with fuel at Rs 27 per litre from existing Rs 21.50 per litre.

Telenor ups stake in Unitech to 60.1 pc

Telenor ups stake in Unitech to 60.1 pc

Rediff.com9 Jan 2010

Norway-based telecom company Telenor has raised its stake in its Indian joint venture with Unitech Wireless to 60.1 percent from 49 percent at an investment of Rs 1,493 crore.

Ashok Chawla named Finance Secretary

Ashok Chawla named Finance Secretary

Rediff.com12 May 2009

Economic Affairs Secretary Ashok Chawla has been appointed as Finance Secretary in the ministry of finance with effect from Tuesday. The post of Finance Secretary fell vacant following retirement of Arun Ramanathan, who was also Secretary of Financial Services.

BJP upset over Swamy's tirades against Jaitley, top babus

BJP upset over Swamy's tirades against Jaitley, top babus

Rediff.com24 Jun 2016

There is concern in the organisation and the leadership over the unbridled criticism aimed at the Finance Ministry.

RBI to fine tune gold monetisation scheme

RBI to fine tune gold monetisation scheme

Rediff.com27 Nov 2015

There are 350,000 jewellers, of which 13,000 are BIS-certified.

Govt clears PowerGrid FPO; to divest 10% stake

Govt clears PowerGrid FPO; to divest 10% stake

Rediff.com22 Jul 2010

The Cabinet Committee on Economic Affairs gave its nod to the 20 per cent follow-on offer by PowerGrid, an official statement said.

Govt clears SAIL divestment ,to fetch Rs 16,000 cr

Govt clears SAIL divestment ,to fetch Rs 16,000 cr

Rediff.com8 Apr 2010

Following the two-tranche disinvestment, the government and the company would get Rs 8,000 crore (Rs 80 billion) each, Home Minister P Chidambaram told reporters after a meeting of the Cabinet Committee on Economic Affairs.

Jet & Etihad may miss deal deadline yet again

Jet & Etihad may miss deal deadline yet again

Rediff.com30 Sep 2013

The agreement between the two has a long stop date clause, stipulating that all approvals be secured by then.

'Hazard line' to trace India's fragile coast

'Hazard line' to trace India's fragile coast

Rediff.com26 Mar 2010

The government is planning an extensive exercise to map a "hazard line" along the country's 7,500 km coastline, from Gujarat to West Bengal. This marks the first time environmentally sensitive coastal areas will be clearly demarcated. The Rs 1,156-crore project, known as the Integrated Coastal Zone Management (ICZM) project, was approved by the Cabinet Committee on Economic Affairs (CCEA) on Thursday.

'Rupee's intrinsic value is between 58-60'

'Rupee's intrinsic value is between 58-60'

Rediff.com23 Sep 2013

Arvind Mayaram, economic affairs secretary at the finance ministry, also said that a fall in bulk diesel demand this fiscal year will save the government about $1 billion.

Govt plans to keep close eye on FII holdings

Govt plans to keep close eye on FII holdings

Rediff.com26 Nov 2009

Volatility in investments concern for RBI.

RBI chief underlines need to stick to fiscal targets

RBI chief underlines need to stick to fiscal targets

Rediff.com19 Mar 2019

The comments from Das assume importance as the government for two consecutive terms have missed its fiscal deficit targets by 10 bps

India pitches for ratings upgrade with Fitch

India pitches for ratings upgrade with Fitch

Rediff.com7 Jun 2016

Fitch Ratings had in December affirmed India's 'BBB-' rating with a stable outlook.

Cabinet clears Air India disinvestment

Cabinet clears Air India disinvestment

Rediff.com28 Jun 2017

Jaitley did not say if it will be an outright sale or partial divestment.

Ministers' panel on Bhopal case to meet on Friday

Ministers' panel on Bhopal case to meet on Friday

Rediff.com15 Jun 2010

The reconstituted Group of Ministers on the Bhopal gas tragedy will meet on Friday, Home Minister P Chidambaram said on Tuesday, a day after Prime Minister Manmohan Singh asked the panel to submit its report to the Cabinet in 10 days.

FM's power to clear FDI proposals may increase

FM's power to clear FDI proposals may increase

Rediff.com9 Nov 2009

At present, a project with investment of more than Rs 600 crore in sectors routed through the Foreign Investment Promotion Board has to be referred to the Cabinet Committee on Economic Affairs.

LIC gets board's nod to buy majority stake in IDBI Bank

LIC gets board's nod to buy majority stake in IDBI Bank

Rediff.com16 Jul 2018

The next step for the Life Insurance Corporation of India is to approach market regulator Sebi, as the bank, which is also state-owned, is a listed entity.

Protection from arrest to PC, son in Aircel-Maxis case extended

Protection from arrest to PC, son in Aircel-Maxis case extended

Rediff.com23 Aug 2019

Special Judge O P Saini took strong objection to the agencies seeking repeated adjournments.

Raids in ministries exposes racket of selling documents to corporates

Raids in ministries exposes racket of selling documents to corporates

Rediff.com12 Mar 2015

6 locations in New Delhi and 2 in Mumbai were raided.

Govt okays stake sale in power firms

Govt okays stake sale in power firms

Rediff.com20 Oct 2009

The government's disinvestment programme made a muted re-start with the Cabinet Committee on Economic Affairs approving the part-sale of its stake in two power companies -- NTPC and Satluj Jal Vidyut Nigam -- but postponing a decision on the overall disinvestment policy.

Will HPCL, too, get the coveted Maharatna status?

Will HPCL, too, get the coveted Maharatna status?

Rediff.com11 Mar 2019

If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.

Railway Budget to be history

Railway Budget to be history

Rediff.com22 Aug 2016

The Union Budget for 2017 is likely to be presented on February 1. An approval for merging the Railway Budget with the General Budget was accorded by Finance Minister Arun Jaitley on Monday.

Decision on NTPC divestment delayed

Decision on NTPC divestment delayed

Rediff.com8 Oct 2009

The government's decision to divest its stake in power PSU NTPC would be delayed as the Cabinet Committee on Economic Affairs could not meet on Thursday due to pre-occupation of key ministers.