News for 'Budget 2025'

Passenger vehicle sales slide 13% in December on chip shortage

Passenger vehicle sales slide 13% in December on chip shortage

Rediff.com14 Jan 2022

Passenger vehicle dispatches from factories to dealers declined 13 per cent to the lowest level in five years in December last year as the industry continued to face production issues due to semiconductor shortage, auto industry body SIAM said on Friday. Passenger vehicle dispatches last month stood at 2,19,421 units compared to 2,52,998 units in December 2020. While acknowledging that the chip shortage situation is not expected to dramatically change in the short term, the industry body expressed hope that things will improve soon.

SP manifesto promises major sops for workers, farmers, poor, women

SP manifesto promises major sops for workers, farmers, poor, women

Rediff.com8 Feb 2022

The party released its manifesto -- Samajwadi Vachan Patra -- for the coming assembly elections, shortly after the BJP released its own.

Audi's 3 mantras to set it apart from the competition

Audi's 3 mantras to set it apart from the competition

Rediff.com8 Feb 2022

Audi's strategy seems to point to pushing technology to directly connect with consumers using digital platforms and marketing to synchromesh into one seamless experience, says Pavan Lall.

15th Finance Commission report: Devolution for FY20-21 cut marginally

15th Finance Commission report: Devolution for FY20-21 cut marginally

Rediff.com2 Feb 2020

This is due to the newly formed Union Territories of Jammu and Kashmir, and Ladakh, which will get funds from the Centre's share, which means devolution will be for 28 states compared to 29 earlier.

'We are in an economic crisis'

'We are in an economic crisis'

Rediff.com12 Feb 2020

'The slowdown is likely to continue.'

Will content creators drive the next wave of e-commerce?

Will content creators drive the next wave of e-commerce?

Rediff.com9 Jan 2022

First it was called content-led commerce. Then it came to be known as influencer-led commerce. And its latest iteration is creator economy. This evolution of the terminology for online personas impacting buying decisions -- through blogs, memes, bite-sized videos, and podcasts -- has happened over the past five to seven years.

Ajay Kumar wants to make India a global defence power

Ajay Kumar wants to make India a global defence power

Rediff.com10 Aug 2018

The secretary defence production wants to make India (currently the largest importer of weaponry) one of the world's top five defence manufacturers and a global leader in artificial intelligence and cyberspace.

For Atmanirbhar Bharat, Rajnath bans 101 import items

For Atmanirbhar Bharat, Rajnath bans 101 import items

Rediff.com9 Aug 2020

According to officials, the list of 101 items includes towed artillery guns, short range surface to air missiles, cruise missiles, offshore patrol vessels, electronic warfare systems, next generation missile vessels, floating dock, anti-submarine rocket launchers and short range maritime reconnaissance aircraft.

Why GoAir was forced to suspend certain flights

Why GoAir was forced to suspend certain flights

Rediff.com23 Jan 2020

Some scheduled flights as well as those for which ticket sales are open would be affected.

Why did Nirmalaji deviate from fiscal deficit target?

Why did Nirmalaji deviate from fiscal deficit target?

Rediff.com21 Feb 2020

The government should have mentioned clearly the specific structural reforms that were responsible for the deviation from the fiscal deficit target by half a percentage point, says A K Bhattacharya.

Domestic firms eye defence sector; plan to cut imports

Domestic firms eye defence sector; plan to cut imports

Rediff.com20 Feb 2020

The ministry of defence has set a goal of $26 billion, including export of $7 billion for the industry by 2025-26 through its Defence Production Policy 2018.

India among world's top five defence spenders

India among world's top five defence spenders

Rediff.com12 Dec 2016

The US, China and the UK remain the top three defence spenders while India has the fourth largest military budget, followed by Saudi Arabia and Russia, according to the '2016 Jane's Defence Budgets Report', released by research firm IHS Markit.

How China's military plans to catch up with the US

How China's military plans to catch up with the US

Rediff.com12 Nov 2020

The statements come from a booklet published this month by the state-run People's Publishing House, in which senior officials, including President Xi, outlined the latest five-year plan for the country's development.

Government to use Finance Bill for leeway in spending

Government to use Finance Bill for leeway in spending

Rediff.com3 Feb 2018

This move will enable it to incur higher-than-mandated borrowing, and possibly spending, till the 2024 Lok Sabha election cycle.

5 dream jobs that will help you survive recession

5 dream jobs that will help you survive recession

Rediff.com26 Feb 2020

Artificial Intelligence will create 2.3 million machine learning jobs by 2020.

Adani bets big on renewable energy

Adani bets big on renewable energy

Rediff.com23 Jan 2020

Eyeing to become India's largest player in 2020 Adani Group plans to invest 70 per cent of its capital expenditure in clean energy and energy efficient systems.

Rs 3.03-lakh cr scheme to improve power discoms gets nod

Rs 3.03-lakh cr scheme to improve power discoms gets nod

Rediff.com30 Jun 2021

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a five-year-long reform-based result-linked power distribution scheme worth Rs 3.03 lakh crore, for strengthening system of utilities to improve efficiency. Briefing after the CCEA meet here, Power and New & Renewable Energy Minister R K Singh said, "We have done a lot for power distribution reforms. It needs to be strengthened. Today, the Cabinet has approved the new scheme worth Rs 3.03 lakh crore, including Rs 97,000 crore central outlay." He said the funds would be given to power distribution companies (discoms) to strengthen their system.

Mobile phone makers want relaxation under PLI scheme

Mobile phone makers want relaxation under PLI scheme

Rediff.com5 Apr 2021

In a communication to the empowered committee on PLI recently, the Indian Cellular & Electronics Association (ICEA) has stated that except one player (Samsung), all the other eight players (which include vendors of Apple Inc) selected under the scheme were facing numerous challenges in fulfilling the qualification criteria.

Climate Change: India Must Walk The Talk

Climate Change: India Must Walk The Talk

Rediff.com25 Nov 2021

India lost around 38.5 thousand hectares of tropical forest in the last decade. Nearly 14 per cent of the country's tree cover! It is one thing for Modi to announce that India will reach a net-zero level of emissions in 2070. But if it is serious, it needs to start today, points out Ramesh Menon.

Duty of finance ministry to help us find money for capex: Prabhu

Duty of finance ministry to help us find money for capex: Prabhu

Rediff.com2 Feb 2017

Suresh Prabhu on the priority being given to safety and the need for more funds for railways to move ahead.

Adani Green Energy to raise $1.8 bn from foreign banks

Adani Green Energy to raise $1.8 bn from foreign banks

Rediff.com12 Sep 2020

The company will raise $1.8 billion for the under construction and contracted portfolio of 12 GW, which includes the country's first manufacturing-linked solar power plant of 8 GW.

Gasly wins astonishing Italian Grand Prix

Gasly wins astonishing Italian Grand Prix

Rediff.com6 Sep 2020

The Renault Formula One team will be renamed Alpine F1 from 2021, competing in French colours to showcase the carmaker's sportscar brand, new company CEO Luca de Meo announced on Sunday.

'There should be an uptick in growth'

'There should be an uptick in growth'

Rediff.com10 Feb 2020

'There are some encouraging signs.' 'Notice that we have not said 7%-plus, we are keeping it at 6% to 6.5%.'

Education can be affordable... This Delhi school proves it

Education can be affordable... This Delhi school proves it

Rediff.com5 Sep 2018

Sunshine Schools are looking to attract interest from members of the urban 'aspirational' class -- vegetable vendors, security guards, drivers, etc -- who cannot afford the fees charged by budget private schools.

15th FC may hike grants, cut devolution to states

15th FC may hike grants, cut devolution to states

Rediff.com30 Jan 2020

Any reduction in devolution could aggravate the strained relations between the Centre and some opposition-ruled states on a number of issues, including CAA.

Centre ups infra projects offering to Rs 111-trillion

Centre ups infra projects offering to Rs 111-trillion

Rediff.com30 Apr 2020

The infrastructure spending target for 2020-25 was revised because of additional and amended data provided by central ministries, state governments since the release of the summary NIP Report in December 2019 when it was pegged at Rs 100 trillion.

Will US hike H-1B application fee?

Will US hike H-1B application fee?

Rediff.com7 May 2019

The Indian IT companies, which account for a large number of H-1B applications, are likely to face the additional financial burden because of this proposed increase in H-1B filing fees.

What Boeing wants to supply IAF, navy

What Boeing wants to supply IAF, navy

Rediff.com31 Aug 2020

Boeing is pressing hard to win the Indian Navy contract for 57 aircraft carrier-borne fighters. It could offer the Super Hornet in the ongoing IAF procurement of 114 medium fighters; its upgraded F-15EX fighter also on the list.

Fitch once again gives India the lowest investment grade

Fitch once again gives India the lowest investment grade

Rediff.com4 Apr 2019

Stating that a weak fiscal position continues to constrain India's sovereign ratings, Fitch said the next government's medium-term fiscal policy will be of particular importance from a rating perspective.

Obama scraps NASA's Moon mission

Obama scraps NASA's Moon mission

Rediff.com16 Apr 2010

Scrapping NASA's"Back to Moon" project, US President Barack Obama gave a new mission to the country's civilian space programme agency-a manned mission to Mars in a decade and sending astronauts to explore asteroids beyond the moon by 2025.

Retail sector seeks industry status

Retail sector seeks industry status

Rediff.com8 Feb 2010

We expect the outlook of Union Budget 2010-11 on retail sector be positive. The much needed industry status grants to retail industry will boost the industry in many aspects.

How India can become a hub of software products

How India can become a hub of software products

Rediff.com1 Mar 2019

Policy lays out a 5-year road map seeking creation of 3.5 mn jobs and promoting 10,000 start-ups.

How Xiaomi passed the Covid lockdown test

How Xiaomi passed the Covid lockdown test

Rediff.com16 Apr 2021

'One out of three phones sold in India is a Xiaomi phone.'

How COVID-19 derailed govt's plan on GDP and CPI

How COVID-19 derailed govt's plan on GDP and CPI

Rediff.com8 Jun 2020

The revision of the consumer price index and GDP base years from 2011-12 and 2012, respectively, were dependent on the outcomes of the consumer expenditure survey of 2017-18 that the government decided to junk recently.

Why reduce the bank CEO to a titular head!

Why reduce the bank CEO to a titular head!

Rediff.com4 Aug 2020

'The CEO will neither be able to guide the senior team in operational matters nor decide on their appointment, compensation or removal.' 'Yet, the CEO is responsible for the profit and loss of the bank!' 'Why would the senior executives listen to him?' 'Which self-respecting professional would want to be a CEO with these constraints?' asks Tamal Bandyopadhyay.

'It is a no-brainer that there will be a very sharp rebound next year'

'It is a no-brainer that there will be a very sharp rebound next year'

Rediff.com29 Sep 2020

'The CEA suggested that could be as high as 19 per cent.'

Extinction Rebellion: Climate protests rock the world

Extinction Rebellion: Climate protests rock the world

Rediff.com11 Oct 2019

In the face of climate disaster, a new environmental movement by the name of Extinction Rebellion has risen up, and they will make sure you hear their plea -- 'To governments of the world: we declared a climate and ecological emergency. You did not do enough. To everybody else: rebel' The environmental group, which was founded in the United Kingdom, has planned a large coordinated movement -- called International Rebellion -- in more than 60 global cities. Demonstrators blocked roads and bridges leading to the Palace of Westminster in central London. They staged a "die-in" in Wellington, New Zealand. They obstructed a major roundabout in Berlin and splattered fake blood on Wall Street's "Charging Bull" sculpture. Here are some of the most powerful images from the movement.

Poll blitz: 50 projects worth Rs 2 trn

Poll blitz: 50 projects worth Rs 2 trn

Rediff.com30 Mar 2019

Before the MCC came into effect, Modi was busy laying stones, cutting ribbons, and unveiling plaques across the country.

Fitch cuts India's FY20 growth forecast to 4.6%

Fitch cuts India's FY20 growth forecast to 4.6%

Rediff.com20 Dec 2019

Fitch reaffirmed India's rating at 'BBB-' with a Stable Outlook saying the rating balances a still strong medium-term growth outlook compared with similar category peers and relative external resilience stemming from solid foreign-reserve buffers against high public debt, a weak financial sector and some lagging structural factors, including governance indicators and GDP per capita.

A plan for CDS Rawat to consider

A plan for CDS Rawat to consider

Rediff.com2 Jan 2020

As India's international role expands, so must our capabilities, says Brigadier Gurmeet Kanwal (retd).