News for 'Department of Economic Affairs'

Plea in SC against ban on Rs 500, Rs 1,000 notes

Plea in SC against ban on Rs 500, Rs 1,000 notes

Rediff.com9 Nov 2016

The PIL, which could be listed for hearing during the week, termed Tuesday's notification of department of economic affairs and the finance ministry as "dictatorial" claiming it did not grant reasonable time to citizens for exchanging the specified bank notes to legitimate notes to avoid "large scale mayhem, life-threating difficulties".

China invites India to join its ambitious Silk Road projects

China invites India to join its ambitious Silk Road projects

Rediff.com10 Aug 2014

Giving final touches to its most ambitious plan to build a wide network of new silk roads on land and seas to enhance global connectivity, China has invited India to join President Xi Jinping's pet project that would revive the ancient trade route and benefit the region.

'Modi has been scrupulously honest. Indira Gandhi institutionalised corruption'

'Modi has been scrupulously honest. Indira Gandhi institutionalised corruption'

Rediff.com21 Jul 2018

'Modi has shown political courage by instituting several economic reforms which include demonetisation, ushering in GST, eradication of benami transactions...'

Hardik Patel fallout: Home Secy Goyal gets the boot

Hardik Patel fallout: Home Secy Goyal gets the boot

Rediff.com31 Aug 2015

The Narendra Modi government on Monday sprang a surprise when it appointed senior IAS officer Rajiv Mehrishi as Union home secretary in place of incumbent L C Goyal, who sought voluntary retirement after taking over the charge seven months ago.

Jaitley: Cong peddling lies on Rafale to save 'sinking dynasty'

Jaitley: Cong peddling lies on Rafale to save 'sinking dynasty'

Rediff.com12 Feb 2019

"How many more lies will be peddled to sustain a sinking dynast? India, certainly deserves better," Jaitley said.

Goyal runs finance ministry, but Jaitley's watching

Goyal runs finance ministry, but Jaitley's watching

Rediff.com26 Jun 2018

While Arun Jaitley remains part of the decision making process, Piyush Goyal, who was given additional charge on May 14, attends cabinet meetings and takes the day-to-day decisions.

US approves sale of $1.9-bn Integrated Air Defence Weapon System to India

US approves sale of $1.9-bn Integrated Air Defence Weapon System to India

Rediff.com11 Feb 2020

It also comes ahead of a possible visit by President Donald Trump to India later this month. Trump is set to visit India on a two-day trip between February 23 and 26 and both sides are in the process of fine-tuning his schedule, according to sources in New Delhi.

Govt hopes to sell Air India, lease Ashok hotel next fiscal

Govt hopes to sell Air India, lease Ashok hotel next fiscal

Rediff.com19 Jan 2019

'The target for next year is unlikely to be more than that of this year. The more you divest in any cycle, the less your potential pipeline for the next,' said an official. 'The first two issues we want to tackle and complete in FY20 are Air India and Hotel Ashok.'

How the US Lost the Opium War in Afghanistan

How the US Lost the Opium War in Afghanistan

Rediff.com20 Sep 2021

The US spent $1.5 million a day since 2001 fighting the opium war in Afghanistan. After hundreds of airstrikes failed to curtail the Taliban's $200-million-a-year opium trade, the US military quietly ended the campaign when the Trump administration officials engaged in direct peace talks with the Taliban, notes Atanu Biswas.

Banks in talks with temple trusts to push gold scheme

Banks in talks with temple trusts to push gold scheme

Rediff.com3 Dec 2015

Banks in talks with temple trusts to push gold scheme

Covid runs rampant in China as govt seems absent

Covid runs rampant in China as govt seems absent

Rediff.com26 Dec 2022

One Chinese source informed ANI that 10 million new infections are probably occurring daily in China.

Fitch satisfied with overall macroeconomic situation: Mayaram

Fitch satisfied with overall macroeconomic situation: Mayaram

Rediff.com3 Feb 2014

The rating agency official did raise concern about the banks' non-performing assets.

Digital currency race: China leads. India must catch up

Digital currency race: China leads. India must catch up

Rediff.com23 Oct 2020

India should not be left behind. It should join the seven central banks which are studying feasibility and safeguards necessary to eliminate risks, particularly from hacking, advises former foreign secretary Shyam Saran.

Any nation that supports Russia will be stained by association: Biden

Any nation that supports Russia will be stained by association: Biden

Rediff.com25 Feb 2022

Over the past few days, the Biden administration has been reaching out to its friends and allies to support it against Russian aggression in Ukraine.

FM offers interest, penalty waiver to Vodafone, Cairn

FM offers interest, penalty waiver to Vodafone, Cairn

Rediff.com29 Feb 2016

Vodafone is facing tax liability over its $11 billion acquisition of a 67 per cent stake in the mobile-phone business owned by Hutchison Whampoa in 2007.

What ministers are doing to control soaring food prices

What ministers are doing to control soaring food prices

Rediff.com16 Jun 2016

The country had imported 5.5 million tonnes of pulses last year.

Biden's Taiwan Threat Rattles China

Biden's Taiwan Threat Rattles China

Rediff.com24 May 2022

Key to China's decision regarding Taiwan will be its leadership's assessment whether the US will come to Taiwan's defence, explains Jayadeva Ranade, the former senior RA&W officer and China expert.

India projected to surpass China as most populous country by 2023: UN report

India projected to surpass China as most populous country by 2023: UN report

Rediff.com11 Jul 2022

Th report predicted that the world population is to reach eight billion by mid-November 2022.

After 12 years, govt decides to privatise 6 more airports

After 12 years, govt decides to privatise 6 more airports

Rediff.com9 Nov 2018

The ones chosen for operation, management and development through a public-private partnership model are Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.

Shah gets Home, Rajnath Defence; Finance with Nirmala

Shah gets Home, Rajnath Defence; Finance with Nirmala

Rediff.com1 Jun 2019

Prime Minister Narendra Modi will retain DoPT, Atomic Energy as well as all important policy issues and portfolios not allocated.

FinMin wants cap on gas price, RIL to sell gas at $4.2

FinMin wants cap on gas price, RIL to sell gas at $4.2

Rediff.com10 Jul 2013

Days after the Cabinet approved doubling of natural gas price from April next year, the Finance Ministry has written to Oil Ministry suggesting setting of a ceiling or an upper limit for the rates.

Virtual currencies are like Ponzi schemes: Finmin warns investors

Virtual currencies are like Ponzi schemes: Finmin warns investors

Rediff.com29 Dec 2017

Virtual currencies don't have any intrinsic value and are not backed by any kind of assets.

What makes this loss-making steel co so attractive?

What makes this loss-making steel co so attractive?

Rediff.com14 Apr 2021

India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.

Oppn expresses 'serious misgivings' over lateral entry to jt secy post

Oppn expresses 'serious misgivings' over lateral entry to jt secy post

Rediff.com11 Jun 2018

Rashtriya Janata Dal's Manoj Jha saw the move as an attempt to have a 'committed bureaucracy'.

NEW! Generals involved in national security talks

NEW! Generals involved in national security talks

Rediff.com26 Oct 2020

The future can only get better if we continue to break silos and work as integrated teams focussed on promoting national interests, recommends Sanjeev Nayyar.

Over Rs 80,00,00,00,000 blackmoney brought under tax ambit: Centre to SC

Over Rs 80,00,00,00,000 blackmoney brought under tax ambit: Centre to SC

Rediff.com3 Oct 2016

About Rs 1,282 crore has been levied as tax in 159 cases pertaining to concealment of tax due to the government

India focuses on BIMSTEC rather than SAARC: Jaishankar

India focuses on BIMSTEC rather than SAARC: Jaishankar

Rediff.com6 Jun 2019

He underlined that Lok Sabha election results in India show that the Modi government kept alive and strengthened the 'expectation of change' in the country.

Tata's offer for DoCoMo buy-back gets RBI nod

Tata's offer for DoCoMo buy-back gets RBI nod

Rediff.com14 Jan 2015

The total valuation of Tata Teleservices, according to the valuer, was only Rs 11,000 crore (Rs 110 billion), against the pre-agreed valuation of Rs 27,000 crore (Rs 270 billion).

NIA to probe Kerala gold smuggling case

NIA to probe Kerala gold smuggling case

Rediff.com10 Jul 2020

The gold, weighing over 30 kg, was seized from the "diplomatic baggage" that had landed by air cargo at the Thiruvananthapuram international airport recently from the Gulf.

India-US ties sailing in choppy waters

India-US ties sailing in choppy waters

Rediff.com10 Jan 2020

'2020 will show whether India's troubled domestic economic and political house reveals a mismatch in their strategic association or whether closer strategic ties are yet possible,' says Anita Inder Singh.

India Is Beating China At Its Own Game

India Is Beating China At Its Own Game

Rediff.com21 Dec 2021

Whether it is Sri Lanka, Maldives, or Nepal, quietly but steadily, India has been reclaiming some of the ground it had lost to China, observes Aditi Phadnis.

Jet-Etihad deal: Finmin raises questions on effective control

Jet-Etihad deal: Finmin raises questions on effective control

Rediff.com10 Jul 2013

While the FIPB has sought more transparency on whether the rules concerning effective control would be followed once the deal fructifies, the Finance Ministry has also written to Sebi for a report on the Jet-Etihad deal, official sources said Wednesday.

Modi govt's puzzling divestment strategy

Modi govt's puzzling divestment strategy

Rediff.com18 Apr 2016

Doubts over implementation of a Cabinet-approved strategic sale policy are puzzling.

Is The Taliban Breaking Away From Pakistan?

Is The Taliban Breaking Away From Pakistan?

Rediff.com18 Jan 2022

The Taliban's main challenge comes on the financial and economic front and there Pakistan doesn't have the capacity to be of any meaningful help, observes Ambassador M K Bhadrakumar.

Foreign missions seek lifting cap on cash withdrawal

Foreign missions seek lifting cap on cash withdrawal

Rediff.com8 Dec 2016

Citizens of many countries including Iran, Sudan and Cuba, who come in large numbers to India are facing severe problems as they do not have international credit cards

Halt austerity, avoid recession: UN to rich nations

Halt austerity, avoid recession: UN to rich nations

Rediff.com2 Dec 2011

While growth in India and China is likely to remain robust, the rest of the world risks falling back into recession if developed countries embark prematurely on fiscal austerity measures, says a United Nations report, released in New York on Thursday.

Modi govt has been slow to match its rhetoric in reforms: US

Modi govt has been slow to match its rhetoric in reforms: US

Rediff.com6 Jul 2016

US State Department's report said that this has resulted in many investors retreating slightly from their once forward-leaning support of the BJP-led government

Beware of Xi's secret army!

Beware of Xi's secret army!

Rediff.com22 Jan 2021

India, Taiwan and countries with large numbers of Tibetans, Uyghurs and overseas Chinese will be prominent among those that witness elevated United Front activity, notes Jayadeva Ranade, the distinguished China expert and retired RAW officer.

Chidambaram mocks Modi govt's sudden love for Moody's

Chidambaram mocks Modi govt's sudden love for Moody's

Rediff.com18 Nov 2017

The senior Congress leader also said over 90 per cent of jobs are in the SME sector which requires an urgent push to boost the economy.

US introduces Russia benchmarks into India relations

US introduces Russia benchmarks into India relations

Rediff.com12 Apr 2022

The pressure on India to take a hostile attitude towards Russia and China was not subtle, but it was guarded, observes Ambassador T P Sreenivasan after Monday's 2+2 ministerial meeting in Washington, DC.