News for 'Department for Economic Development'

SC orders Centre, states to eradicate manual scavenging in phased manner

SC orders Centre, states to eradicate manual scavenging in phased manner

Rediff.com22 Oct 2023

Issuing a slew of directions, a bench of Justices S Ravindra Bhat (since retired) and Aravind Kumar asked the central and state governments to pay Rs 30 lakh as compensation to the next of kin of those who die while cleaning sewers.

India, fastest-growing major economy, likely to grow 6.4% in 2022: UN

India, fastest-growing major economy, likely to grow 6.4% in 2022: UN

Rediff.com19 May 2022

As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year's 8.8 per cent but still the fastest-growing major economy, with higher inflationary pressures and uneven recovery of the labour market curbing private consumption and investment, according to a UN report. The UN Department of Economic and Social Affairs said in its World Economic Situation and Prospects (WESP) report released on Wednesday that the war in Ukraine has upended the fragile economic recovery from the pandemic, triggering a devastating humanitarian crisis in Europe, increasing food and commodity prices and globally exacerbating inflationary pressures. The global economy is now projected to grow by only 3.1 per cent in 2022, down from the 4.0 per cent growth forecast released in January 2022.

Govt reshuffles bureaucrats, Air India chairman is aviation secretary

Govt reshuffles bureaucrats, Air India chairman is aviation secretary

Rediff.com22 Sep 2021

Air India Chairman Rajiv Bansal has been appointed as the new aviation secretary as part of a major top-level bureaucratic reshuffle effected by the Centre on Wednesday. K Rajaraman, additional secretary in the department of economic affairs, has been appointed as secretary, department of telecommunications, a personnel ministry order said.

Newark rescinds sister-city agreement with 'United States of Kailasa'

Newark rescinds sister-city agreement with 'United States of Kailasa'

Rediff.com4 Mar 2023

The city of Newark in the United States state of New Jersey has rescinded a sister-city agreement with the so-called 'United States of Kailasa', founded by Indian fugitive Nithyananda, citing deceptive circumstances surrounding the fictional country and terming the incident as regrettable.

The Theme Of Budget 2023 Will Be....

The Theme Of Budget 2023 Will Be....

Rediff.com13 Jan 2023

'It has been an ongoing process, talking to the relevant ministries about eliminating leakages and curbing non-core expenditure in various schemes.'

Indian economy suffers $3 billion loss from recent floods

Indian economy suffers $3 billion loss from recent floods

Rediff.com11 Dec 2015

India suffered a $3 billion loss to its economy from severe rainfall and flooding in November and early December.

British Indian ex-minister Alok Sharma knighted; 30 more PIOs to be honoured

British Indian ex-minister Alok Sharma knighted; 30 more PIOs to be honoured

Rediff.com31 Dec 2022

Sharma was the president of the conference, the first since the Paris Agreement of COP21 that expected parties to make enhanced commitments towards mitigating climate change.

IMF cuts India's growth to 6.1% for FY23

IMF cuts India's growth to 6.1% for FY23

Rediff.com31 Jan 2023

The International Monetary Fund (IMF) on Tuesday said it is expecting some slowdown in the Indian economy next fiscal year and projected the growth to 6.1 per cent from 6.8 per cent during the current fiscal ending March 31. The IMF on Tuesday released the January update of its World Economic Outlook, according to which the global growth is projected to fall from an estimated 3.4 per cent in 2022 to 2.9 per cent in 2023, then rise to 3.1 per cent in 2024. "Our growth projections actually for India are unchanged from our October Outlook.

Next round of G20 meetings in Gujarat from March 27

Next round of G20 meetings in Gujarat from March 27

Rediff.com22 Mar 2023

Gujarat will host the next round of G20 meetings from March 27 to April 4, during which three conclaves will be held in the state on a range of issues, where delegates from different countries will converge for participation, an official said.

Axar's batting has come on in leaps and bounds: Dravid

Axar's batting has come on in leaps and bounds: Dravid

Rediff.com6 Jan 2023

Axar Patel took two wickets before he smashed a swashbuckling 65 off just 31 deliveries in the second T20 against Sri Lanka in Pune on Thursday.

'Rajapaksa is unlikely to depart the political stage'

'Rajapaksa is unlikely to depart the political stage'

Rediff.com21 Aug 2015

'The path to a resolution of the ethnic conflict is likely to be complicated and controversial with the majority Sinhalese community, and will become less likely if delayed.' 'It will certainly give Rajapaksa fresh political oxygen with which to revive himself and rally the opposition.'

'After the devastation of Covid, I had expected a higher budget for health'

'After the devastation of Covid, I had expected a higher budget for health'

Rediff.com9 Feb 2023

'...to address the serious faultlines that had got exposed during the pandemic.' 'If the economy is looking up this year, we could have been allocated an increase of at least 20%.'

G20 Summit: Startups hope Delhi Declaration to help ease capital access

G20 Summit: Startups hope Delhi Declaration to help ease capital access

Rediff.com11 Sep 2023

The Indian startup ecosystem has lauded the inclusion of startups in the New Delhi Leaders' Declaration for the first time ever in the history of G20. Industry stakeholders say that the move will lead to easier access to capital, reduce regulatory hurdles, and may revive funding activity. The Declaration, through the Startup20 initiative, recognised startups as "natural engines of growth" and key to socio-economic transformation by driving innovation and creating employment.

An open letter to Anna Hazare

An open letter to Anna Hazare

Rediff.com30 Dec 2011

In an open letter to Team Anna, Colonel Anil Athale questions their obsession with the Lokpal Bill. Athale suggests the merger of existing anti-corruption wings of all departments and public enterprises with Lokpal instead of creating another huge army of clerks.

'GST is not the only remedy for all economic ills'

'GST is not the only remedy for all economic ills'

Rediff.com21 Mar 2016

'It is important to improve the quality of spending.'

China creating super-cities, but where are the jobs?

China creating super-cities, but where are the jobs?

Rediff.com8 Dec 2010

China's secondary cities are building infrastructure on a massive scale, but the factories that will generate jobs for the poor are still nowhere in sight.

India may get normal rainfall in Aug-Sept, El Nino influence likely: IMD

India may get normal rainfall in Aug-Sept, El Nino influence likely: IMD

Rediff.com1 Aug 2023

Rainfall in August is predicted to be below normal (less than 94 per cent of LPA), but the situation is expected to improve comparatively in September, the IMD said.

India among Dubai's most important export markets

India among Dubai's most important export markets

Rediff.com25 Oct 2010

The DED survey also revealed that firms in the South Asian region have been trading with Dubai companies for many decades and their proximity makes them the first foreign market for exports.

FinMin to kick-start Budget exercise from October 10

FinMin to kick-start Budget exercise from October 10

Rediff.com8 Sep 2022

The finance ministry will kick-start the exercise to prepare the annual Budget for 2023-24 from October 10, in the backdrop of revival of the Indian economy and fears of recession in developed countries. The budget for the next year will have to address critical issues of high inflation, job creation, boosting demand, and putting the economy on a sustained 8 per cent-plus growth path. On Wednesday, finance minister Nirmala Sitharaman said inflation is no longer "red-lettered" and the priority for the government now is job creation and boosting growth.

Flood-prone states rapped for not enacting law on prevention

Flood-prone states rapped for not enacting law on prevention

Rediff.com22 Jul 2022

The standing committee on water resources, tabled in Lok Sabha, said only Manipur, Rajasthan and Uttarakhand and erstwhile state of Jammu & Kashmir had enacted legislation, though delineation and demarcation of flood plains are yet to be undertaken.

Aviation majors in fray to operate copter taxis in Uttar Pradesh

Aviation majors in fray to operate copter taxis in Uttar Pradesh

Rediff.com9 Aug 2022

After launching expressway projects worth almost Rs 1 trillion, the Uttar Pradesh government is now betting big on the aviation sector to propel the state's economic growth. Air travel, comprising both business and leisure, is expected to give a fillip to the socioeconomic landscape by attracting fresh investment. It would also ramp up infrastructure and create jobs.

Trump ends preferential trade privileges for India

Trump ends preferential trade privileges for India

Rediff.com1 Jun 2019

Prez says that India has not assured the United States that it will provide 'equitable and reasonable access to its markets'.

Will poll equations change in Morbi after bridge tragedy

Will poll equations change in Morbi after bridge tragedy

Rediff.com6 Nov 2022

Though the Patidar-dominated Morbi Assembly seat in Gujarat is considered a stronghold of the Bharatiya Janata Party, the poll equations this time may change due to many factors, including the recent bridge tragedy which claimed 135 lives, political observers say.

Finmin reimposes spending curbs on ministries, depts for Q2

Finmin reimposes spending curbs on ministries, depts for Q2

Rediff.com1 Jul 2021

The finance ministry on Wednesday reimposed expenditure curbs on ministries and government departments for July-September quarter. There will be no spending restrictions on the ministries of health, rural development, agriculture, MSME (micro, small and medium enterprises) and railways as part of a two-pronged strategy. "The existing guidelines for expenditure control have been reviewed. "Keeping in view the evolving situation arising out of Covid-19 and anticipated cash position of the government, it is felt essential to regulate Quarterly Expenditure Plan (QEP)/Monthly Expenditure Plan (MEP) of specific ministries/departments for July-September, 2021," the Department of Economic Affairs in the finance ministry said in a notification.

Modi hands out jobs to 70,000 youth, criticism for Oppn

Modi hands out jobs to 70,000 youth, criticism for Oppn

Rediff.com13 Jun 2023

The prime minister took no names but made an apparent reference to reports about "rate card" for different government jobs in the Trinamool Congress-ruled West Bengal and prevalence of "cut money" in the state.

Jaitley releases Socio-Economic Caste Census, but no caste based data

Jaitley releases Socio-Economic Caste Census, but no caste based data

Rediff.com3 Jul 2015

The government on Friday refrained from releasing the caste-based data in its first Socio Economic and Caste Census released in eight decades and maintained that it was concerned with economic data which will help in effective implementation of its programmes.

BJP, Congress In Freebies Race In MP

BJP, Congress In Freebies Race In MP

Rediff.com6 Jun 2023

'Elections in Madhya Pradesh have so far largely avoided freebies.' 'But this time both the Congress and BJP are making such announcements.'

Lanka crisis: Gotabaya forms panel to manage finances

Lanka crisis: Gotabaya forms panel to manage finances

Rediff.com7 Apr 2022

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.

Chabahar project won't be impacted by Iran sanctions: US

Chabahar project won't be impacted by Iran sanctions: US

Rediff.com24 Apr 2019

President Trump, in a move that could have implications on India's energy security, on Monday decided not to grant sanctions exemptions to any oil customers of Iran, further squeezing Tehran's top export commodity.

US exempts India from sanctions at Chabahar port in Iran

US exempts India from sanctions at Chabahar port in Iran

Rediff.com7 Nov 2018

America's decision to give India exemption from imposition of certain sanctions for the development of the port is driven by the South Asian strategy, which was announced by President Donald Trump in August.

US pleased with Pak success in South Waziristan

US pleased with Pak success in South Waziristan

Rediff.com18 Nov 2009

The United States has said that it is pleased with the success of Pakistan army against the Taliban and Al Qaeda in Southern Waziristan and reiterated that it would continue to support such efforts to combat terrorism.

Modi leaves for Tokyo to attend Abe Shinzo's state funeral

Modi leaves for Tokyo to attend Abe Shinzo's state funeral

Rediff.com26 Sep 2022

Prime Minister Narendra Modi will join several global leaders to pay tributes to Japan's slain former prime minister Shinzo Abe at his state funeral in Tokyo on Tuesday.

Waiting in passport queue for 2 days, Lankan woman gives birth

Waiting in passport queue for 2 days, Lankan woman gives birth

Rediff.com7 Jul 2022

A pregnant Sri Lankan woman, who had been in a queue for two days to obtain a passport to leave the crisis-hit country for employment overseas, went into labour while waiting for her turn on Thursday and delivered a baby girl.

'US-India initiatives will face new scrutiny'

'US-India initiatives will face new scrutiny'

Rediff.com5 Dec 2023

'This incident offers ammunition to those inside the US government and elsewhere who question the wisdom of trusting India, so it will have a lasting consequence no matter how it is managed.'

Global economy could shrink by almost 1% in 2020: UN

Global economy could shrink by almost 1% in 2020: UN

Rediff.com2 Apr 2020

With nearly 100 countries closing national borders during the past month, the movement of people and tourism flows have come to a screeching halt. The contraction could be even higher if governments fail to provide income support and help boost consumer spending.

Cyclone Biparjoy may prove to be killjoy for onset of monsoon

Cyclone Biparjoy may prove to be killjoy for onset of monsoon

Rediff.com7 Jun 2023

Cyclone 'Biparjoy', the first storm brewing in the Arabian Sea this year, has rapidly intensified into a severe cyclonic storm, with meteorologists predicting a 'mild' monsoon onset over Kerala and 'weak' progress beyond southern peninsular under its influence.

Leaders pay rich tributes to Rakesh Jhunjhunwala

Leaders pay rich tributes to Rakesh Jhunjhunwala

Rediff.com14 Aug 2022

Jhunjhunwala passed away early on Sunday morning due to a cardiac arrest, a source in his newly set up airline said.

Day after Skymet's warning, IMD predicts normal south-west monsoon

Day after Skymet's warning, IMD predicts normal south-west monsoon

Rediff.com11 Apr 2023

The country can expect normal rainfall during the southwest monsoon season as a positive Indian Ocean Dipole (IOD) and a lower snow cover over the northern hemisphere are likely to counter the evolving El Nino conditions, the India meteorological department (IMD) said on Tuesday.

Ex-finance secy booked for corruption in currency security thread supply

Ex-finance secy booked for corruption in currency security thread supply

Rediff.com12 Jan 2023

The CBI, in its FIR, alleged that Mayaram, the UK-based company De La Rue International Ltd and unidentified officials of the finance ministry and RBI hatched a criminal conspiracy to extend undue favour to the firm.

India to see 'significantly' higher number of heatwaves from Apr-Jun

India to see 'significantly' higher number of heatwaves from Apr-Jun

Rediff.com1 Apr 2023

Above-normal heatwave days are predicted in most parts of central, east and northwest India during this period.