News for 'Department of Economic Affairs'

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

'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).

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.