News for 'Department of Economic Affairs'

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.

'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.

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.

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

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 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'

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.

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.

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.

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.

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.

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.

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'

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'.

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.

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.

'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.'

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.

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.

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.

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.

'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.

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.

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.

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

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.

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

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.

How Babus did during the Pandemic: A report card

How Babus did during the Pandemic: A report card

Rediff.com18 Jan 2021

The Covid pandemic has left a question mark on how the central government manages its staff.

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.

New Fema rules stump foreign-owned MFs

New Fema rules stump foreign-owned MFs

Rediff.com5 Nov 2019

Market watchers believe that the change in guidelines fly in the face of some of the recent initiatives taken by the government, such as easing norms for foreign portfolio investors.

'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.

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

The babu who planned demonetisation

The babu who planned demonetisation

Rediff.com20 Nov 2017

'GST had to come close on the heels of demonetisation as part of the same package.'

Centre opposes EC's stand in SC on electoral bonds

Centre opposes EC's stand in SC on electoral bonds

Rediff.com3 Apr 2019

The government said that the massive amount of political donations were earlier made in cash by individuals or corporates using 'illicit means of funding'.

Rajapaksa assumes charge as new Lankan PM amid 'bloodbath' warnings by speaker

Rajapaksa assumes charge as new Lankan PM amid 'bloodbath' warnings by speaker

Rediff.com29 Oct 2018

President Maithripala Sirisena's new Cabinet was also sworn in and Rajapaksa was named the new minister of finance and economic affairs.

PMO sets up 10 panels to deal with post lockdown situation

PMO sets up 10 panels to deal with post lockdown situation

Rediff.com29 Mar 2020

The panel is expected to suggest various relief measures to put economy back on track as soon as possible, the sources said.

Why Is The Taliban Angry With Pakistan?

Why Is The Taliban Angry With Pakistan?

Rediff.com4 Jan 2022

The Taliban is showing its strong discontent as the high hopes given to it by the Pakistani military have been dashed, observes Ambassador M K Bhadrakumar.

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.