News for 'Department of Economic Affairs'

EXPLAINED: What's this row over now-retired Bengal Chief Secretary

EXPLAINED: What's this row over now-retired Bengal Chief Secretary

Rediff.com1 Jun 2021

Following is the gist of the controversy over sudden transfer of West Bengal Chief Secretary Alapan Bandyopadhyay, who retired on Monday, to Delhi and related rules.

Commerce Ministry seeks approval for railway FDI proposal

Commerce Ministry seeks approval for railway FDI proposal

Rediff.com13 Mar 2014

The Cabinet can take a decision on the matter only after the Election Commission's approval.

Jaishankar-Blinken talks focus on Covid relief, LAC situation

Jaishankar-Blinken talks focus on Covid relief, LAC situation

Rediff.com29 May 2021

United States Secretary of State Antony Blinken has said that he had a productive meeting with visiting External Affairs Minister S Jaishankar during which they discussed the bilateral ties, COVID-19 relief efforts, India-China border situation and Afghanistan and vowed to work together to address areas of shared concern.

WB, ADB assure Odisha of $313-million aid for cyclone

WB, ADB assure Odisha of $313-million aid for cyclone

Rediff.com14 Nov 2013

Accepting Odisha's proposal of constructing an additional 162 cyclone shelter houses as they helped in providing safe stay for people after evacuation from the coast, WB team agreed to provide assistance of $55 million for the purpose, the sources said.

FRL independent directors threaten to 'expose' Amazon

FRL independent directors threaten to 'expose' Amazon

Rediff.com11 Nov 2021

Independent directors of Future Retail Ltd are collating information and will expose the details of contradiction and misrepresentation made by Amazon before the Competition Commission of India (CCI), said FRL independent director Ravindra Dhariwal. Speaking to PTI, Dhariwal said the independent directors are "collating" all the pieces of information together, going "deeper into each and every representation" which Amazon had made before the CCI and showing how its "intent was totally contradictory." "We are going out to point exactly to CCI, this is what they have told you and this is what the internal documents are saying. "We are going to expose the details of contradiction and details of misrepresentation, which they have made," Dhariwal said adding "We are going to show the true face of Amazon to the whole world". In November 2019, Amazon had acquired a 49 per cent stake in Future Coupons Pvt Ltd (FCPL), a company that holds a stake in FRL.

In a first, PMO assigns work for junior ministers

In a first, PMO assigns work for junior ministers

Rediff.com30 Jul 2016

Breaking a long tradition, the PMO has ensured that specific divisions in each ministry are allocated to junior ministers.

Why Ashok Chawla quit as NSE chairman

Why Ashok Chawla quit as NSE chairman

Rediff.com11 Jan 2019

The move comes after CBI gets sanction to prosecute him in Aircel-Maxis case

Jaishankar and Blinken hold talks on various issues

Jaishankar and Blinken hold talks on various issues

Rediff.com28 Jul 2021

This is Blinken's first visit to India after assuming charge as the US Secretary of State and the third by a high-ranking Biden administration official after it came to power in January.

Govt to bring in legislation to regulate crypto currency

Govt to bring in legislation to regulate crypto currency

Rediff.com17 Feb 2021

Operationalising the ban is being fleshed out: it will entail which cryptocurrencies will be banned and how.

Dealing with bitcoins? Do so at your own risk

Dealing with bitcoins? Do so at your own risk

Rediff.com14 Dec 2017

Short-term capital gains tax of 30% is likely to be levied if bitcoin is held for less than three years and 20% if held for longer than 36 months.

Will private cryptocurrencies be finally banned?

Will private cryptocurrencies be finally banned?

Rediff.com23 Jul 2019

A government panel said policymakers and regulators should have an open mind regarding the introduction of an official digital currency in India.

Indian-origin Rishi Sunak says he is running for British PM

Indian-origin Rishi Sunak says he is running for British PM

Rediff.com8 Jul 2022

Rishi Sunak, the former UK chancellor of the exchequer, on Friday formally launched his leadership bid to succeed Boris Johnson as the new Conservative Party leader and future British prime minister.

Blinken arrives in India; to discuss various issues with leaders

Blinken arrives in India; to discuss various issues with leaders

Rediff.com27 Jul 2021

Blinken and Indian leaders on Wednesday will discuss a plethora of pressing issues such as the fluid situation in Afghanistan, regional security concerns, COVID-19 response and ways to boost Indo-Pacific engagement, people familiar with the agenda of talks said.

Govt mulls reforms push in FY16 Budget

Govt mulls reforms push in FY16 Budget

Rediff.com16 Sep 2014

Some experts had said the Budget did not have much in terms of big ideas.

Ukraine invasion: UK media watchdog revokes Russian channel RT's licence

Ukraine invasion: UK media watchdog revokes Russian channel RT's licence

Rediff.com18 Mar 2022

Ofcom ruled that it did not consider RT's licensee, ANO TV Novosti, 'fit and proper' to hold a UK broadcast licence.

FinMin sees room for easing of rate by RBI

FinMin sees room for easing of rate by RBI

Rediff.com14 May 2013

RBI is scheduled to announce mid-quarter review of monetary policy for 2013-14 on June 17.

Data leak shows massive infiltration by China's Communist Party

Data leak shows massive infiltration by China's Communist Party

Rediff.com14 Dec 2020

The data leak obtained by 'The Australian' newspaper has revealed how the alleged CPC members are employed with some of the world's biggest corporations in the areas of defence, banks and pharmaceutical giants manufacturing coronavirus vaccines.

Chidambaram's ultimatum to PSUs on surplus cash

Chidambaram's ultimatum to PSUs on surplus cash

Rediff.com4 Jul 2013

Cash-rich Central Public Sector Enterprises (CPSEs) have to either invest their surplus funds or give it to someone for investment purpose, Finance Minister P Chidambaram has said.

All well between RBI and FinMin?

All well between RBI and FinMin?

Rediff.com7 Jun 2017

Relations between the Mint Road and North Block have often been frosty, with the former's calls for lowering rates being the biggest point of difference

Railways in talks with Reliance Jio on tower use

Railways in talks with Reliance Jio on tower use

Rediff.com23 Dec 2019

Indian Railways is in talks with Reliance Jio Infocomm to allow the Mukesh Ambani-led telecom major's use of its towers. The aim is seamless mobile and internet connectivity for passengers along the 67,368-km of tracks. The Railway Board has entrusted its RailTel Corporation arm to work on the modalities with Jio. The Jio tie-up is expected to bring down its telecom bill by at least 35 per cent from this financial year.

Monsoon Session: 14 bills ready to be tabled, govt promises discussion

Monsoon Session: 14 bills ready to be tabled, govt promises discussion

Rediff.com17 Jul 2022

After an all-party meeting in New Delhi, Parliamentary Affairs Minister Pralhad Joshi also said that some of these 32 bills have already been discussed by standing committees of Parliament.

Finance ministry rules out COO appointment in RBI

Finance ministry rules out COO appointment in RBI

Rediff.com14 Aug 2014

The finance ministry has ruled out the proposal for the appointment of a chief operating officer (COO) of the rank of deputy governor in the Reserve Bank of India (RBI), as the government feels no interim arrangements should be made for such high-profile appointments.

FIPB to take call on Tata-Singapore Airlines deal on Oct 18

FIPB to take call on Tata-Singapore Airlines deal on Oct 18

Rediff.com8 Oct 2013

As per the FIPB agenda, the proposal will be taken up on October 18.

Rupee woes: Chidambaram meets PM, RBI Governor

Rupee woes: Chidambaram meets PM, RBI Governor

Rediff.com15 Jul 2013

Following the meeting, Subbarao said the central bank will look into the latest inflation numbers before coming out with the monetary policy review.

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.

Even NITI Aayog members are clueless about its role

Even NITI Aayog members are clueless about its role

Rediff.com6 Jan 2015

Bibek Debroy raised seven questions about the new institution.

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.

BJP, Cong in war of words over UK leader's Kashmir remark

BJP, Cong in war of words over UK leader's Kashmir remark

Rediff.com11 Oct 2019

The Labour Party leader, whose stand on Kashmir has not gone down well with the Indian government, also tweeted a picture of the meeting.

Mediocre Hyderabad must rise and shine against Lucknow

Mediocre Hyderabad must rise and shine against Lucknow

Rediff.com3 Apr 2022

Sunrisers Hyderabad need a complete, all-round performance against Lucknow Super Giants in the IPL match on Monday to register their first win of the season.

Govt in search of prospective operator for The Ashok Hotel

Govt in search of prospective operator for The Ashok Hotel

Rediff.com4 Jul 2018

Centre working on open-ended lease agreement to enablesale of property at the end of the agreement period

FPI investments from China likely to be capped at 5%

FPI investments from China likely to be capped at 5%

Rediff.com30 Jun 2020

Other measures being considered include relatively stringent KYC norms and a separate standard operating procedure for approval, renewal, and fresh investment from India's neighbouring countries.

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.

Jet-Etihad deal documents among those leaked: CBI

Jet-Etihad deal documents among those leaked: CBI

Rediff.com16 Mar 2015

Jet-Etihad deal documents among those leaked: CBI

Morgan Stanley keen to start proprietary trading in India

Morgan Stanley keen to start proprietary trading in India

Rediff.com25 Dec 2013

Indian brokerage arm of global investment banker Morgan Stanley has sought RBI's approval to start proprietary trading under which it will be able to buy and sell securities on its own account.

At current rate, all Indians will be vaccinated by Sept 2022

At current rate, all Indians will be vaccinated by Sept 2022

Rediff.com28 Jun 2021

865 million Indian adults require vaccination.

Senate confirms Kenneth Juster as US ambassador to India

Senate confirms Kenneth Juster as US ambassador to India

Rediff.com3 Nov 2017

Juster, 62, is an old India hand who played a key role in the landmark Indo-US civil nuclear deal.

Hit by leaks, wary finance ministry blocks non-government sites

Hit by leaks, wary finance ministry blocks non-government sites

Rediff.com19 Mar 2015

The ban has been in force since last Friday.

BJP MLC Darekar booked in bank scam, din in Maha assembly

BJP MLC Darekar booked in bank scam, din in Maha assembly

Rediff.com15 Mar 2022

The complainant alleged that Darekar posed as a labourer, which was later found wrong.

Govt seeks Parl nod for Rs 1.07 lakh cr additional spend

Govt seeks Parl nod for Rs 1.07 lakh cr additional spend

Rediff.com14 Mar 2022

According to the third batch of supplementary demands for grants tabled in the Lok Sabha, approval is being sought for gross additional expenditure of over Rs 1.58 lakh crore.

PMO sets up panel to fast-track bullet trains

PMO sets up panel to fast-track bullet trains

Rediff.com12 Jan 2016

Bullet trains are run by state-owned agencies in France and Germany.