News for 'Department of Economic Affairs'

Cricket Australia says to continue with tour of Sri Lanka

Cricket Australia says to continue with tour of Sri Lanka

Rediff.com12 May 2022

Cricket Australia continues to monitor the situation in Sri Lanka but has no plans to change the schedule of the upcoming tour of the island state despite continued violence, the governing body said on Thursday.

Over 1000 killed, 1500 injured as powerful earthquake hits Afghanistan

Over 1000 killed, 1500 injured as powerful earthquake hits Afghanistan

Rediff.com22 Jun 2022

The US Geological Survey said the quake struck about 44 km (27 miles) from the city of Khost in southeastern Afghanistan and was at a depth of 51 km.

UAE Prez Sheikh Khalifa bin Zayed dies, India declares state mourning

UAE Prez Sheikh Khalifa bin Zayed dies, India declares state mourning

Rediff.com13 May 2022

Since becoming the president of the UAE, Sheikh Khalifa has presided over a major restructuring of both the Federal Government and the government of Abu Dhabi.

'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.'

Vodafone's ownership in Indian arm may be probed

Vodafone's ownership in Indian arm may be probed

Rediff.com10 Mar 2014

The letter was written on February 20, two weeks after the Cabinet Committee of Economic Affairs had approved the 100 per cent ownership proposal of Vodafone Plc in Vodafone India, at a proposed investment of Rs 10,141 crore (Rs 101.41 billion).

Cabinet note on Abu Dhabi bilateral to be amended

Cabinet note on Abu Dhabi bilateral to be amended

Rediff.com4 Jul 2013

UAE's promise of $50-bn investment in Indian infra won't be included.

Chronology: How Tatas are back in Air India's cockpit

Chronology: How Tatas are back in Air India's cockpit

Rediff.com8 Oct 2021

After more than two decades and three attempts, the government has finally sold its flagship national carrier Air India, and it is deja vu for Maharaja as it returned home to its founding father the Tata group. Jehangir Ratanji Dadabhoy (JRD) Tata founded the airline in 1932 and named it Tata Airlines. In 1946, the aviation division of Tata Sons was listed as Air India, and in 1948, the Air India International was launched with flights to Europe. The international service was among the first public-private partnerships in India, with the government holding 49 per cent, the Tatas keeping 25 per cent and the public owning the rest. In 1953, Air India was nationalised and for the next over four decades it remained the prized possession for India controlling the majority of the domestic airspace.

FIPB may consider Tata-SIA airline proposal on Oct 18

FIPB may consider Tata-SIA airline proposal on Oct 18

Rediff.com27 Sep 2013

In their new venture, Tata SIA Airlines Ltd, Tata Sons would hold 51 per cent stake and Singapore Airlines 49 per cent.

'Commercial pact with Etihad not to override Jet board powers'

'Commercial pact with Etihad not to override Jet board powers'

Rediff.com25 Sep 2013

Naresh Goyal-led Jet has also changed the shareholders agreement and amended the investment agreement and the articles of association, as suggested by the Foreign Investment Promotion Board, headed by DEA Secretary Arvind Mayaram, official sources said.

FM holds meeting with key officials on Re slide

FM holds meeting with key officials on Re slide

Rediff.com12 Jun 2013

The high-level meeting comes against the backdrop of the rupee touching a record low of 58.98 to a dollar on Tuesday.

WHO Numbers May Raise India's Covid Deaths

WHO Numbers May Raise India's Covid Deaths

Rediff.com2 Apr 2022

The Indian government asked for the estimates published '10 years later'.

Khalistani terrorist Paramjit Panjwar shot dead in Lahore

Khalistani terrorist Paramjit Panjwar shot dead in Lahore

Rediff.com6 May 2023

Panjwar, 63 was involved in drug and weapons smuggling and was designated as a terrorist under the Unlawful Activities (Prevention) Act in July 2020.

Pak appoints former top spy Lt Gen Asim Munir as new Army chief

Pak appoints former top spy Lt Gen Asim Munir as new Army chief

Rediff.com25 Nov 2022

Pakistan Prime Minister Shehbaz Sharif on Thursday chose Lt Gen Asim Munir as the new Army chief to replace incumbent General Qamar Javed Bajwa.

Air India sale likely in first half of FY21

Air India sale likely in first half of FY21

Rediff.com14 Feb 2020

The airline's 100 per cent shareholding in profit-making budget carrier Air India Express as well as 50 per cent shareholding in equal joint venture Air India SATS Airport Services would also be sold.

Spectrum sale: Govt hopeful of achieving Rs 40,000 cr target

Spectrum sale: Govt hopeful of achieving Rs 40,000 cr target

Rediff.com27 Dec 2013

The govt is expected to achieve the revenue target of Rs 40,000 crore from spectrum sale this fiscal, Telecom Secretary M F Farooqui said.

BPCL may sell IGL, Petronet pie to shed promoter status

BPCL may sell IGL, Petronet pie to shed promoter status

Rediff.com25 May 2021

Privatisation-bound Bharat Petroleum Corporation (BPCL) may sell a part of its stake in Petronet LNG and Indraprastha Gas (IGL) to shed its promoter status to obviate the need for its new owner to make open offers for the two gas companies, sources said. BPCL holds 12.5 per cent of shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions. As per the legal position evaluated by Department of Investment and Public Asset Management (DIPAM) - the department running the process for sale of government's entire 52.98 per cent stake in BPCL - the acquirer of BPCL will have to make an open offer to the minority shareholders of Petronet and IGL for acquisition of 26 per cent shares, three sources with knowledge of the matter said.

Sitharaman takes stock of coronavirus impact on economy

Sitharaman takes stock of coronavirus impact on economy

Rediff.com21 Mar 2020

While the meetings on Friday were preliminary discussions, it is learnt that sectors like tourism; hospitality; aviation; micro, small and medium enterprises (MSMEs); and livestock have sought deferring loan repayments and temporary tax holidays in specific cases to help them tide over the steep fall in economic activity.

India's deep discounts on Russian crude will stay

India's deep discounts on Russian crude will stay

Rediff.com6 Dec 2022

Even as the Group of Seven (G7) price cap on Russian crude oil enters into force as of December 5, India has been assured it will continue to receive the existing deep discounts on Russian oil, for the time being, informed officials. "We have been assured by our Russian partners of uninterrupted crude supplies at the existing rates for the time being. "There were a lot of reports of changes in (India's) buying patterns after the global price cap took hold.

No plan for legislation on population control, govt tells RS

No plan for legislation on population control, govt tells RS

Rediff.com20 Jul 2022

Efforts of the government have been successful in reining in the growth of population, she said in a written reply.

In US, Jaishankar replies to questions on Russian oil import

In US, Jaishankar replies to questions on Russian oil import

Rediff.com12 Apr 2022

India's total purchase of oil from Russia in a month is probably less than what Europe does in an afternoon, External Affairs Minister S Jaishankar said.

With Jet-Etihad in mind, MEA pushes FinMin to 'expedite' UAE trade talks

With Jet-Etihad in mind, MEA pushes FinMin to 'expedite' UAE trade talks

Rediff.com19 Jul 2013

Abu Dhabi national carrier had bought 24 per cent stake in Jet Airways for $379 million in April.

Corporate espionage: More officials may be involved in leaks, say CBI sources

Corporate espionage: More officials may be involved in leaks, say CBI sources

Rediff.com13 Mar 2015

Probe reveals "first and second" level of decision making in ministries of finance and commerce was "compromised".

Planet Earth welcomes 8th billion inhabitant

Planet Earth welcomes 8th billion inhabitant

Rediff.com15 Nov 2022

Planet Earth welcomed its 8th billion inhabitant on Tuesday, a remarkable milestone for humanity that is set to propel India to become the world's most populous country next year, surpassing China amid rising global challenges.

Sebi asks Goyal to sell 6% more in Jet

Sebi asks Goyal to sell 6% more in Jet

Rediff.com1 Oct 2013

Though public shareholding in Jet is already down to the mandated 25 per cent, the regulator wants its promoters to pare their stake further.

Govt puts Ford Foundation on 'watch list'; curbs on funding

Govt puts Ford Foundation on 'watch list'; curbs on funding

Rediff.com24 Apr 2015

In a fresh crackdown on foreign fundings to NGOs, the Union Home Ministry has put the Ford Foundation of the USA on its "watch list" and ordered that all funds coming from the international organisation have to be routed only with its nod due to "national security concerns".

Egypt's strategic partnership for India, highest award for Modi

Egypt's strategic partnership for India, highest award for Modi

Rediff.com25 Jun 2023

El-Sisi welcomed Modi, who is on a two-day state visit to Egypt, at the Presidential Palace where the two leaders were closeted for one-on-one meeting after which the two sides signed a memorandum of understandng.

Govt may curb tech transfer royalty

Govt may curb tech transfer royalty

Rediff.com13 Jan 2014

Worried over excessive outflow of foreign exchange as royalty and fees for technology transfer and use of brand names, Commerce and Industry Minister Anand Sharma wrote to Finance Minister P Chidambram on the matter.

Centre opens 10 joint secy level posts for 'outstanding individuals'

Centre opens 10 joint secy level posts for 'outstanding individuals'

Rediff.com10 Jun 2018

The initiative is being called lateral recruitment to senior positions in the government.

Alert: Use up your old Rs 500 notes by Thursday midnight!

Alert: Use up your old Rs 500 notes by Thursday midnight!

Rediff.com14 Dec 2016

While cancelling the legal tender of 500 and 1,000 notes on November 8, the government had allowed them to be used for utility bill payments for the first 72 hours. This deadline was extended repeatedly and the last extension was granted till December 15.

Budget Session: Opposition to corner govt over China, Pegasus

Budget Session: Opposition to corner govt over China, Pegasus

Rediff.com30 Jan 2022

The session will begin with President Ram Nath Kovind's address to the Lok Sabha and Rajya Sabha assembled together in the Central Hall and chambers of both the Houses in view of the COVID-19 situation.

Can India sustain Rs 1-trillion monthly GST collection?

Can India sustain Rs 1-trillion monthly GST collection?

Rediff.com4 Dec 2020

Experts warn of over-interpreting the numbers and said their sustainability needed to be watched beyond November, says Indivjal Dhasmana.

Who should the next RBI Governor be? Vote now!

Who should the next RBI Governor be? Vote now!

Rediff.com17 Aug 2016

Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?

Ashok Lavasa named as new ADB vice-president

Ashok Lavasa named as new ADB vice-president

Rediff.com15 Jul 2020

Lavasa, a career bureaucrat, joined as Election Commissioner on January 23, 2018, and being senior most on the poll panel would have become CEC in April next year after the term of incumbent Sunil Arora ends.

Disquiet in Sri Lanka over maritime pact with India, govt tries to firefight

Disquiet in Sri Lanka over maritime pact with India, govt tries to firefight

Rediff.com30 Mar 2022

The Sri Lankan government has asserted that the recently signed maritime security pacts with India will "neither result in hindrance nor threat" to the island nation's security as "misinterpreted" by several media outlets in this country.

Assam Accord: Govt forms 8-member panel for implementation

Assam Accord: Govt forms 8-member panel for implementation

Rediff.com2 Oct 2021

The Assam government has set up an eight-member committee to prepare a framework for implementation of all clauses of the 36-year-old Assam Accord, especially the Clause-6 report prepared by a central panel pertaining to protecting the cultural, social and linguistic identity and heritage of the indigenous people, officials said on Saturday.

Invested in Bitcoin etc? Get ready for the taxman

Invested in Bitcoin etc? Get ready for the taxman

Rediff.com20 Jan 2018

Income tax department sends out notices to cryptocurrency investors on suspicion of tax evasion.

Budget 2020: Centre, Sebi spar over transfer of surplus funds to exchequer

Budget 2020: Centre, Sebi spar over transfer of surplus funds to exchequer

Rediff.com28 Dec 2019

In 2009, FinMin proposed to move regulators' reserves into public account. These accounts were finally opened in 2013-14. However, no funds have been deposited in it so far.

Govt to shut 3 HMT units, offers VRS to employees

Govt to shut 3 HMT units, offers VRS to employees

Rediff.com6 Jan 2016

The Department of Heavy Industry has been undertaking appraisals of each loss making CPSE to assess the prospects of revival.

Time to END Bank Nationalisation

Time to END Bank Nationalisation

Rediff.com30 Jul 2021

Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.

Modi to meet 15 global funds as India seeks investment to lift economy

Modi to meet 15 global funds as India seeks investment to lift economy

Rediff.com22 Oct 2020

The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country.