News for 'Department of Economic Affairs'

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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

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.

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.

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

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.

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".