News for 'Department of Economic Affairs'

Air India, Saradha: Cases connected to Chidambarams

Air India, Saradha: Cases connected to Chidambarams

Rediff.com21 Aug 2019

Apart from them, Chidambaram's wife -- Nalini -- has been chargesheeted by the CBI in the Saradha chit-fund scam for allegedly accepting a bribe of Rs 1.4 crore.

Police raids home of Karachi suicide bomber's father

Police raids home of Karachi suicide bomber's father

Rediff.com28 Apr 2022

Pakistani security forces on Thursday raided the house of the father of the woman suicide bomber from Baloch Liberation Army (BLA) who blew herself up in Karachi University that killed three Chinese teachers and injured another.

Meet Urjit Patel, RBI's 24th Governor

Meet Urjit Patel, RBI's 24th Governor

Rediff.com20 Aug 2016

As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank

SC to hear pleas on demonetisation of Rs 500 and Rs 1,000 notes on Tuesday

SC to hear pleas on demonetisation of Rs 500 and Rs 1,000 notes on Tuesday

Rediff.com14 Nov 2016

The Centre has also filed a caveat in the registry saying it should be heard if the bench agrees to hear and pass orders on any such plea

'US Won't Pressure India On Russia'

'US Won't Pressure India On Russia'

Rediff.com27 Oct 2022

'Washington appears to be playing the long game, and making the argument to India that over the longer term, Russia -- sanctioned, cash-strapped, isolated by the West -- will no longer be a viable defence partner for India'

FinMin readying for budget around Feb 1

FinMin readying for budget "around Feb 1"

Rediff.com4 Nov 2016

The idea is to get the budget passed by Parliament along with Appropriations Bill and the Finance Bill by the end of March as this would ensure implementation of the Budget proposals from April 1.

'India's greatest threat in Afghanistan is China'

'India's greatest threat in Afghanistan is China'

Rediff.com9 Sep 2021

'Imagine China pursuing its aims in Jammu and Kashmir by using Pakistani and now Afghan proxies.'

Demonetise Rs 2000 notes, says ex-secretary in finance ministry

Demonetise Rs 2000 notes, says ex-secretary in finance ministry

Rediff.com8 Nov 2019

"Cash is still quite high in the system. There is also stocking of Rs 2,000 notes in evidence. The expansion of digital payments is taking place all over the world. It is happening in India as well. The pace is much slower," S C Garg, who took VRS from government service after he was abruptly shifted out of the finance ministry, said in a note.

The case that led to Chidambaram's downfall

The case that led to Chidambaram's downfall

Rediff.com22 Aug 2019

Chidambaram has not been named as an accused in the FIR and the CBI is yet to file a chargesheet in the matter.

US Wants To Be Friends With Taliban?

US Wants To Be Friends With Taliban?

Rediff.com4 Feb 2022

Regional States will be worried that the US's nascent engagement with the Taliban behind the fig leaf of humanitarian aid enables the return of US intelligence personnel to Afghanistan, observes Ambassador M K Bhadrakumar.

Nirmalaji must wield the whip. Often

Nirmalaji must wield the whip. Often

Rediff.com18 Feb 2021

'Let us hope that this Budget delivers.' 'It needs 10 per cent plus real GDP growth in 2021-22, the rebound year,' notes Omkar Goswami.

Rs 5,600 cr NSEL scam: I-T dept denies info, FMC dodges queries

Rs 5,600 cr NSEL scam: I-T dept denies info, FMC dodges queries

Rediff.com13 Apr 2014

The Income Tax department has declined to share details of probe being carried out in Rs 5,600 crore (Rs 56 billion) payment default by National Spot Exchange Limited (NSEL) saying it would "hamper the process of investigation or apprehension of offenders".

New regulator to monitor crowdfunding likely

New regulator to monitor crowdfunding likely

Rediff.com29 May 2018

Currently, most crowdfunding platforms neither operate with proper authorisation nor are governed under any law.

Portfolios allocated to ministers in Rajasthan; Gehlot keeps 9, Pilot 5

Portfolios allocated to ministers in Rajasthan; Gehlot keeps 9, Pilot 5

Rediff.com27 Dec 2018

Apart from the chief minister and deputy chief minister, 13 cabinet and 10 ministers of state were allocated portfolios.

FinMin to prepare fresh proposal for Air India sale

FinMin to prepare fresh proposal for Air India sale

Rediff.com19 Jun 2019

Probable reasons that led to failure of the sale process include 24 per cent government stake and corresponding rights, high debt, volatile crude oil prices, fluctuations in exchange rate, changes in macro environment, profitability track record of bidders and restriction on bidding by individuals.

'We may lose a rupee now, but we will gain more later'

'We may lose a rupee now, but we will gain more later'

Rediff.com8 Sep 2021

'The kind of tax which will be generated from the second pillar may far outweigh what we may be losing in the first pillar.'

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.

Black money: Reserve Bank to share info with IB, RAW

Black money: Reserve Bank to share info with IB, RAW

Rediff.com7 Mar 2016

The RBI has also been asked to consider displaying this information on its website.

CCEA nod to maintain higher buffer stock of foodgrains

CCEA nod to maintain higher buffer stock of foodgrains

Rediff.com16 Jan 2015

A marginally lower stock of 21.04 million tonnes is to be maintained in the first quarter as on April 1 as against 21.2 million tonnes.

Anxious FM seeks expert help to stem rupee fall

Anxious FM seeks expert help to stem rupee fall

Rediff.com19 Aug 2013

The three hour long meeting was attended by Secretaries of departments of Revenue, Expenditure, Financial services and Disinvestment.

FDI from China drops to $141 million in 4 years

FDI from China drops to $141 million in 4 years

Rediff.com25 Oct 2018

Overall, cumulative direct investment from China stood at just $2.05 billion till June 2018, according to consolidated DIPP figures

AGR woes: No decision on relief to telcos at crucial meet

AGR woes: No decision on relief to telcos at crucial meet

Rediff.com28 Feb 2020

Telecom companies have been desperately waiting for a bailout package from the government after a Supreme Court order put their statutory liabilities at Rs 1.47 lakh crore.

Centre to issue government securities without foreign limits soon

Centre to issue government securities without foreign limits soon

Rediff.com24 Feb 2020

While the FPI limit on most bond issues would not be raised above 6 per cent, there would be some in which there would be no limits, reports Arup Roychoudhury.

Global economy grim, it's hurting India's exports: Jaitley

Global economy grim, it's hurting India's exports: Jaitley

Rediff.com19 Apr 2016

Jaitley said each of the regions in the world is trying to do its best.

Hope to get nod for airline joint venture with SIA: Tata Sons

Hope to get nod for airline joint venture with SIA: Tata Sons

Rediff.com7 Oct 2013

The proposal of Tatas and Singapore Airlines for a new joint venture, entailing foreign investment of $49 million, is likely to come up before the Foreign Investment Promotion Board for approval on October 18.

Economy on a strong wicket; fundamentals sound: Jaitley

Economy on a strong wicket; fundamentals sound: Jaitley

Rediff.com24 Oct 2017

Economic Affairs secretary S C Garg said inflation has consistently come down since 2014 and will not cross 4 per cent this fiscal.

Banks to open more counters, work extra hours to exchange notes

Banks to open more counters, work extra hours to exchange notes

Rediff.com8 Nov 2016

Anticipating panic and rush at bank counters, the Reserve Bank of India as well as the government has set up control rooms in Mumbai and the national capital to avoid any crisis, Department of Economic Affairs Secretary Shaktikanta Das said.

DIPP to move Cabinet on FDI caps for some sectors

DIPP to move Cabinet on FDI caps for some sectors

Rediff.com2 Jul 2013

A panel headed by Economic Affairs secretary Arvind Mayaram had suggested FDI limit be raised to 49 per cent in almost all sectors through the automatic route.

Govt to ease fund raising, revamp capital markets

Govt to ease fund raising, revamp capital markets

Rediff.com9 Sep 2014

The government is also working on Euroclearing, the world's biggest bond settlement system, for Indian debt securities.

Covid runs rampant in China as govt seems absent

Covid runs rampant in China as govt seems absent

Rediff.com26 Dec 2022

One Chinese source informed ANI that 10 million new infections are probably occurring daily in China.

India set 50-year ambitious climate agenda: Modi at COP26

India set 50-year ambitious climate agenda: Modi at COP26

Rediff.com2 Nov 2021

India has not only exceeded the Paris commitments but has now also set an ambitious agenda for the next 50 years, Prime Minister Narendra Modi said on Tuesday after he took part in two days of intense discussions with world leaders at the climate summit on the future of the planet.

Kamala Harris chooses all-women team for chief of staff, NSA, domestic policy advisor

Kamala Harris chooses all-women team for chief of staff, NSA, domestic policy advisor

Rediff.com4 Dec 2020

United States Vice President-elect Kamala Harris has named her Chief of Staff, Domestic Policy Advisor and National Security Advisor -- an all-women team -- which she said has the experience to hit the ground from day one.

US not in a rush to recognise Taliban govt: White House

US not in a rush to recognise Taliban govt: White House

Rediff.com9 Sep 2021

'No one in this administration, not the President nor anyone on the national security team, would suggest that the Taliban are respected and valued members of the global community'

Mizoram, Assam agree to find lasting solution to boundary dispute

Mizoram, Assam agree to find lasting solution to boundary dispute

Rediff.com5 Aug 2021

The Assam government also decided to revoke an advisory issued earlier against travel to Mizoram, they said.

Forget tax cuts, Sitharaman advised against Budget sops

Forget tax cuts, Sitharaman advised against Budget sops

Rediff.com11 Jun 2019

FinMin does not expect tax or non-tax revenue to reach anywhere close to the targets set in the interim Budget. Sources say that the challenge before the new government will be either to accept the reduced projection and tailor the Budget accordingly or set a more ambitious target.

India raises withdrawal of students' visas with US

India raises withdrawal of students' visas with US

Rediff.com8 Jul 2020

It is understood that India's border row with China figured in the talks between Foreign Secretary Harsh Vardhan Shringla and US Under Secretary of State for Political Affairs David Hale though there was no mention of it in the press statements issued by the two sides.

Investors queue up to rescue highway projects

Investors queue up to rescue highway projects

Rediff.com21 Jul 2016

Govt to chalk out entry of sovereign funds from Abu Dhabi, Qatar into such projects.

Party colleagues rally behind Imran as Pak set to elect new PM

Party colleagues rally behind Imran as Pak set to elect new PM

Rediff.com10 Apr 2022

Despite the government's hectic efforts to avoid voting on the no-confidence motion against Khan, the joint Opposition succeeded in its month-long efforts to oust Khan from the prime minister's office as 174 members of the 342-member National Assembly voted against him in the wee hours of Sunday after a day of high drama.

New-look FRDI bill to offer higher deposit insurance

New-look FRDI bill to offer higher deposit insurance

Rediff.com17 Oct 2019

The government would be ironing out issues related to the controversial 'bail-in' clause in the earlier Bill, explore hiking the deposit insurance cover of customers, and decide whether the resolution framework should apply to public sector banks.

India's bullet train to travel 21 km under sea

India's bullet train to travel 21 km under sea

Rediff.com20 Apr 2016

The bullet train is expected to cover 508 km between Mumbai and Ahmedabad in about two hours.