News for 'Department of Economic Affairs'

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.

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.

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

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.

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.

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.

'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.'

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.

'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'

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.

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.

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.

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.

PFRDA chief Yogesh Agarwal quits

PFRDA chief Yogesh Agarwal quits

Rediff.com13 Nov 2013

Following his resignation, the Finance Ministry has appointed Joint Secretary Anup Wadhawan as Chairman of the PFRDA.

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.

'Sharp drop in gold import can help contain CAD'

'Sharp drop in gold import can help contain CAD'

Rediff.com1 Oct 2013

Gold imports had totalled 335.1 tonne in the April-June quarter, but have declined to 58.37 in the second quarter (up to September 25).

Vijay Gokhale to be new foreign secy

Vijay Gokhale to be new foreign secy

Rediff.com1 Jan 2018

He is at present secretary (economic relations) in the Ministry of External Affairs.

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 still eyes World Bank loans

India still eyes World Bank loans

Rediff.com19 Aug 2013

Diplomatic channels activated to keep India eligible for soft loans from World Bank affiliate, though rules show it's probably time we made way for the needier others.

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.

Factbox: Potential successors to RBI chief Rajan

Factbox: Potential successors to RBI chief Rajan

Rediff.com28 Jun 2016

Here is some background on the candidates seen as potential successors to Rajan at the RBI

Govt officials are grumbling over foreign travel memo

Govt officials are grumbling over foreign travel memo

Rediff.com17 Aug 2016

Many argue there's a mismatch between Prime Minister Narendra Modi's focus on international exposure and his government's diktat to officials on limiting travel.

It's tea with Modi again, this time for bureaucrats

It's tea with Modi again, this time for bureaucrats

Rediff.com1 Nov 2014

The setting is expected to be less structured than the prime minister's introductory mega meeting with top bureaucrats soon after taking charge as PM

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.

Govt clears 7.64% NFL stake sale; to bring in over Rs 130 cr

Govt clears 7.64% NFL stake sale; to bring in over Rs 130 cr

Rediff.com28 Jun 2013

As per Sebi norms, a public sector listed company should have 10 per cent public float by August 08, 2013.

'Steps to check gold import showing results'

'Steps to check gold import showing results'

Rediff.com11 Jun 2013

Gold prices on Tuesday rose by Rs 227 to Rs 28,418 per 10 gm in futures trade, largely on speculative positions created by participants amid a firming trend at the spot market.

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.

Prolonged lockdown to make India's water crisis worse

Prolonged lockdown to make India's water crisis worse

Rediff.com4 May 2020

Making water available is always a serious challenge in the summer for all public authorities. This year, the challenge is higher when hand-washing at every opportunity has become a necessity. So keeping potable water lines running without a glitch has become most necessary.

PM's principal secy Nripendra Misra to step down

PM's principal secy Nripendra Misra to step down

Rediff.com31 Aug 2019

Modi has appointed P K Sinha, who superannuated as cabinet secretary on Friday, as Officer on Special Duty (OSD) in the Prime Minister's Office (PMO), he said.

Demonetisation: Centre files caveat, SC may hear plea on Nov 15

Demonetisation: Centre files caveat, SC may hear plea on Nov 15

Rediff.com10 Nov 2016

The PIL filed by Delhi-based lawyer Vivek Narayan Sharma has termed the notification of DEA as "dictatorial" claiming it did not grant reasonable time to citizens for exchanging the specified bank notes

Jaishankar 'endeavours' to expand vaccine production with US help

Jaishankar 'endeavours' to expand vaccine production with US help

Rediff.com29 May 2021

Calling COVID-19 pandemic and vaccines as one of the most important aspects of his discussions with top officials of the Biden administration, External Affairs Minister S Jaishankar has said the endeavour is to expand production of vaccines in India with assistance from the US.

Faceless scheme: Changes that revenue officers want

Faceless scheme: Changes that revenue officers want

Rediff.com2 Sep 2020

Some of the proposals include redrafting transfer and placement policy for IRS officers, strengthening the cadre restructuring, rebranding of IRS, robust deputation policy and creation of encadred post in other ministries and government department.

Biden nominates LA Mayor Eric Garcetti as envoy to India

Biden nominates LA Mayor Eric Garcetti as envoy to India

Rediff.com10 Jul 2021

If confirmed by the Senate, Garcetti, 50, would replace Kenneth Juster, who served as India's Ambassador to the US during the Trump administration.

Bankers agree to review lending rates

Bankers agree to review lending rates

Rediff.com5 Aug 2019

Since December 2018, monetary policy has been eased substantially by RBI with policy rates being cut by 75 bps and policy outlook being changed to 'accommodative'.

'Getting rid of tax exemptions is a right move'

'Getting rid of tax exemptions is a right move'

Rediff.com13 Feb 2020

'If you do quick back-of-the-envelope calculation, someone earning Rs 10 lakh can get a benefit of anywhere between Rs 35,000 and Rs 45,000, even if s/he is availing exemptions.' 'A large proportion of people do not avail full exemptions as they don't have money to invest in those schemes.'

Global economy could shrink by almost 1% in 2020: UN

Global economy could shrink by almost 1% in 2020: UN

Rediff.com2 Apr 2020

With nearly 100 countries closing national borders during the past month, the movement of people and tourism flows have come to a screeching halt. The contraction could be even higher if governments fail to provide income support and help boost consumer spending.

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.