News for 'Department of Economic Affairs'

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.

Indian-origin Rishi Sunak says he is running for British PM

Indian-origin Rishi Sunak says he is running for British PM

Rediff.com8 Jul 2022

Rishi Sunak, the former UK chancellor of the exchequer, on Friday formally launched his leadership bid to succeed Boris Johnson as the new Conservative Party leader and future British prime minister.

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.

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.

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

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.

'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.

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.

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.

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'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.'

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

Mediocre Hyderabad must rise and shine against Lucknow

Mediocre Hyderabad must rise and shine against Lucknow

Rediff.com3 Apr 2022

Sunrisers Hyderabad need a complete, all-round performance against Lucknow Super Giants in the IPL match on Monday to register their first win of the season.

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.

Monsoon Session: 14 bills ready to be tabled, govt promises discussion

Monsoon Session: 14 bills ready to be tabled, govt promises discussion

Rediff.com17 Jul 2022

After an all-party meeting in New Delhi, Parliamentary Affairs Minister Pralhad Joshi also said that some of these 32 bills have already been discussed by standing committees of Parliament.

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.

BJP MLC Darekar booked in bank scam, din in Maha assembly

BJP MLC Darekar booked in bank scam, din in Maha assembly

Rediff.com15 Mar 2022

The complainant alleged that Darekar posed as a labourer, which was later found wrong.

Govt seeks Parl nod for Rs 1.07 lakh cr additional spend

Govt seeks Parl nod for Rs 1.07 lakh cr additional spend

Rediff.com14 Mar 2022

According to the third batch of supplementary demands for grants tabled in the Lok Sabha, approval is being sought for gross additional expenditure of over Rs 1.58 lakh crore.

'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.'

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.

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.

Three finance secretaries in 15 months!

Three finance secretaries in 15 months!

Rediff.com2 Sep 2015

The way the present government has dealt with appointments of civil servants remains to be a cause for concern.

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.

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.

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.

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.

FinMin not in favour of tightening FDI norms in pharma

FinMin not in favour of tightening FDI norms in pharma

Rediff.com15 Oct 2013

The Department of Industrial Policy and Promotion in its draft Cabinet has proposed to further tighten the rules for foreign direct investment in brownfield pharmaceutical sector.

Sebi to get sweeping powers while probing insider trading cases

Sebi to get sweeping powers while probing insider trading cases

Rediff.com12 Jun 2013

Sebi's plea for such powers has been endorsed by the finance ministry.

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'.

'Budget is not the last word on PSU banks' recapitalisation'

'Budget is not the last word on PSU banks' recapitalisation'

Rediff.com1 Mar 2016

Arun Jaitley addressed a post-Budget press conference.

Govt creates 'Japan Plus' to fast track Japanese investments

Govt creates 'Japan Plus' to fast track Japanese investments

Rediff.com10 Oct 2014

The commitment by Japan to invest $35 billion or 3.5 trillion YEN is for infrastructure sector over five years.

Chidambaram for mobilising resources from insurance, pension sectors

Chidambaram for mobilising resources from insurance, pension sectors

Rediff.com18 Jun 2013

The finance minister was speaking after launching the maiden IDF scheme of IIFCL Mutual Fund in New Delhi on Tuesday.

Decision on FDI cap soon: FM

Decision on FDI cap soon: FM

Rediff.com2 Jul 2013

Seeking to spur foreign investments, Finance Minister P Chidambaram has said the Union Cabinet will decide on raising FDI caps in different sectors in the third week of this month.

FDI cap tweak in print media, retail in the works

FDI cap tweak in print media, retail in the works

Rediff.com17 Mar 2017

This can mean companies like Apple, Zara can sell in India through wholly-owned subsidiaries

'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.'

Card data breach: Govt promises prompt action

Card data breach: Govt promises prompt action

Rediff.com21 Oct 2016

As many as 641 customers across 19 banks have been duped of Rs 1.3 crore using stolen debit card data

Search on for new wholetime member at Sebi

Search on for new wholetime member at Sebi

Rediff.com5 Feb 2018

Likely to select from 3 shortlisted; follows Sanjeev Kaushik's refusal to take the job if made to retire from IAS

As things turn sour, Jalan panel hopes to pacify FinMin

As things turn sour, Jalan panel hopes to pacify FinMin

Rediff.com2 Jul 2019

The main difference of opinion between RBI and FinMin is over the transfer of the RBI's 'excess' capital reserves. The Jalan panel seeks to convince finance secretary Subhash Garg to soften his dissent note language. The move is aimed at maintaining the now-cordial relations between the RBI and the finance ministry.

'At least 100 tonnes of gold can be mined a year in India'

'At least 100 tonnes of gold can be mined a year in India'

Rediff.com8 Feb 2018

While the gold policy covers every aspect, from sourcing gold to trading and investing in it, experts assert that the policy is incomplete if mining of gold in India isn't promoted.