News for 'Department of Economic Affairs'

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.

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.

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.

Sachin Pilot on how India can curb ponzi schemes

Sachin Pilot on how India can curb ponzi schemes

Rediff.com2 Jul 2013

According to him, there are enough laws but their implementation is important.

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.

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.

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.

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.

FIPB clears 7 pharma FDI proposals, defers 3

FIPB clears 7 pharma FDI proposals, defers 3

Rediff.com5 Jul 2013

The FIPB, headed by Department of Economic Affairs Secretary Arvind Mayaram, discussed 30 foreign direct investment proposals, including 10 from pharma sector.

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.

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.

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.

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.

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.

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.

Sitharaman wanted me out: ex-finance secretary Garg

Sitharaman wanted me out: ex-finance secretary Garg

Rediff.com31 Oct 2020

Subhash Chandra Garg, the former finance secretary who was shunted out of the finance ministry within three weeks of Modi-2.0 government's first budget last year, on Saturday alleged that new Finance Minister Nirmala Sitharaman got him transferred out.

Portfolio rejigs of RBI deputy governors soon

Portfolio rejigs of RBI deputy governors soon

Rediff.com10 Jan 2019

Given the pressure from India Inc and the banking fraternity, it is surmised that the portfolio rejig will take place before April.

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.

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.

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.

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.

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.

China asks US to respect Nepal's sovereignty as Kathmandu gives nod to MCC

China asks US to respect Nepal's sovereignty as Kathmandu gives nod to MCC

Rediff.com28 Feb 2022

Much to the surprise of Beijing, Nepal's Parliament on Sunday ratified the contentious US-funded $500 million Millennium Challenge Corporation compact along with an interpretive declaration a day ahead of the February 28 deadline set by Washington.

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.

Audit norms: RBI, govt not on same page

Audit norms: RBI, govt not on same page

Rediff.com8 Jun 2021

North Block is concerned that when India is trying to attract more investment, putting up restrictions on audit firms could create an avoidable bad advertisement.

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.

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.

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.

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

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.