News for 'Department of Economic Affairs'

Modi's 5-year vision: What's it all about

Modi's 5-year vision: What's it all about

Rediff.com13 Jan 2020

Spurring the economy, currently in the throes of a slowdown, remains the prime focus for most ministries, but the government is also looking to make women's welfare and environmental protection key to policymaking in this term.

Centre introduces ease of living index in 114 cities

Centre introduces ease of living index in 114 cities

Rediff.com8 Feb 2020

Launched by the ministry of housing and urban affairs, the ease of living index (EoLI) is aimed at providing a holistic view of the country's cities. These will be done on parameters like services provided by local bodies, effectiveness of the administration, outcomes generated through those services in terms of liveability and citizens' perception of the outcomes.

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).

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

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.

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.

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.

'Bangladesh becoming East Pakistan again'

'Bangladesh becoming East Pakistan again'

Rediff.com28 Oct 2021

'Prime Minister Sheikh Hasina is sincere about maintaining religious harmony in the country.' 'But for mysterious reasons, it does not reach the grassroots activists of her party.'

No policy change on Kashmir, urge India-Pak to maintain calm: US

No policy change on Kashmir, urge India-Pak to maintain calm: US

Rediff.com9 Aug 2019

The US said that it supports dialogue between India and Pakistan over Kashmir.

'Even the RBI was caught by surprise and was totally unprepared to handle its fallout'

'Even the RBI was caught by surprise and was totally unprepared to handle its fallout'

Rediff.com8 Nov 2021

I kept insisting that Rs 100 notes were in short supply and there was an urgent need to augment the supply of 100 rupee notes while also rapidly bringing into circulation the proposed new Rs 500 notes. But this was easier said than done because all the note printing machines of the RBI were programmed for printing Rs 2,000 notes and required at least three weeks before the machines could print the new Rs 500 currency notes. The availability of currency paper posed another major bottleneck, and it had to be imported. It was decided to immediately start printing the Rs 500 notes. It was only when the supply of the new Rs 500 notes started improving and the process of change of cassettes at the ATMs gathered momentum that the situation began limping back to normal. A fascinating excerpt from former SBI chairman Rajnish Kumar's The Custodian of Trust: A Banker's Memoir, five years after demonetisation, November 8.

Winter session of Parliament may be scrapped

Winter session of Parliament may be scrapped

Rediff.com15 Oct 2020

Alternatively, the government may go in for a five-day session to blunt criticism that it was running away from debates.

Will Jaitley present his 6th full Budget next year?

Will Jaitley present his 6th full Budget next year?

Rediff.com6 Dec 2018

A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will most likely present a full Budget on February 1, 2019.

7 ways India can improve its investment climate

7 ways India can improve its investment climate

Rediff.com13 Nov 2019

'From the investor's point of view, a real change would happen only when business environment in all our states qualitatively improves,' says NITI Aayog Vice-Chairman Rajiv Kumar.

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.

Support Art 370 move, but concerned about Kashmir: US

Support Art 370 move, but concerned about Kashmir: US

Rediff.com22 Oct 2019

"We have urged Indian authorities to respect human rights and restore full access to services, including internet and mobile networks," she said.

Panel suggestions likely to lessen farmers' woes

Panel suggestions likely to lessen farmers' woes

Rediff.com24 Apr 2018

Regulated electronic platforms such as e-spot markets or spot exchanges may be deemed as authorised markets.

PM leaves for Tashkent to secure India's place in SCO; will lobby for NSG membership

PM leaves for Tashkent to secure India's place in SCO; will lobby for NSG membership

Rediff.com23 Jun 2016

In the two-day summit, the SCO will kick off the process of India's accession to the grouping as a full-fledged member along with Pakistan.

'Black day for Kashmir and the nation'

'Black day for Kashmir and the nation'

Rediff.com3 Jun 2022

'The people of Jammu and Kashmir are your own people. Do not use them as cannon fodder in your laboratory.'

BJP asks members to not use party's name in US prez poll

BJP asks members to not use party's name in US prez poll

Rediff.com10 Sep 2020

India and the US have "deep strategic relations" which have bipartisan support in the US and enjoys "overwhelming public support" in India.

Air India seeks government approval for Rs 200 crore asset sale

Air India seeks government approval for Rs 200 crore asset sale

Rediff.com26 Apr 2015

Air India is awaiting the Union civil aviation ministry's nod to sell its properties in Mumbai and Chennai

Who will bell the Ponzi schemes?

Who will bell the Ponzi schemes?

Rediff.com16 Nov 2015

Even Delhi does not have a full-time registrar of chits.

The most powerful PMO in India's history

The most powerful PMO in India's history

Rediff.com10 Oct 2017

From Swachh Bharat to spearheading the Make in India campaign, the PMO seems to be at the centre of all policies, writes Nivedita Mookerji.

Divestment in IOC gets Cabinet nod

Divestment in IOC gets Cabinet nod

Rediff.com2 Aug 2013

The government cleared the proposal despite opposition from the petroleum ministry, which says this is not the right time for divestment as the sector is moving from trade parity to export parity pricing.

India to record 7.9% growth this fiscal: UN

India to record 7.9% growth this fiscal: UN

Rediff.com27 May 2010

The United Nations has projected a growth of 7.9 per cent for India in the current fiscal as it hailed the country along with China for leading developing nations to recovery from the worst economic downturn since World War II.

Why is China Focusing on Tibet?

Why is China Focusing on Tibet?

Rediff.com13 Sep 2021

Wang Yang and Xi Jinping's visits signal the beginning of a major Chinese push to bring about a transformation of Tibet, observes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.

Govt to consider all views on gas price hike: FM

Govt to consider all views on gas price hike: FM

Rediff.com13 Jun 2013

The Oil Ministry has proposed raising natural gas prices by at least 60 per cent, a move that will result in rise in urea as well as power costs.

'US-India should focus on trade to counter China'

'US-India should focus on trade to counter China'

Rediff.com14 Dec 2020

'I hope that the incoming Biden-Harris Administration works with India to address some of the most profound geopolitical transboundary challenges.'

Why I Became An IPS Officer

Why I Became An IPS Officer

Rediff.com6 May 2022

'Any person who wants to enter this service should have a single object of serving the public irrespective of hindrances.'

Modi Has Enormous Curiosity About The World

Modi Has Enormous Curiosity About The World

Rediff.com24 May 2022

'From the very start, PM Modi was insistent that visiting foreign leaders should be exposed to an India beyond its capital.' 'Through these experiences, he felt that the full Indian narrative would be much better understood across the world,' explains External Affairs Minister S Jaishankar. A riveting excerpt from Bluekraft Digital Foundation's Modi@20: Dreams Meet Delivery.

Govt plans committee to check frauds in India

Govt plans committee to check frauds in India

Rediff.com30 Nov 2012

With an aim to safeguard the investors from possible frauds involving collective investment schemes, the government has proposed a high-level committee of members from Reserve Bank, Sebi, Corporate Affairs Ministry and Economic Office Wing of state police departments.

Desi diplomat to assist US secretary Nisha Desai Biswal

Desi diplomat to assist US secretary Nisha Desai Biswal

Rediff.com18 Nov 2013

Atul Keshap, a senior Indian American career diplomat and one of the rising stars in the United States foreign service, has been picked by Nisha Desai Biswal, the newly appointed assistant secretary of state for South and Central Asian affairs, to be her deputy.

Economy gaining traction with pick-up in manufacturing activity: RBI

Economy gaining traction with pick-up in manufacturing activity: RBI

Rediff.com17 Aug 2021

The economy is gaining traction with gradual pick up in manufacturing activity and moderation in contraction of services, spurred by comfortable liquidity conditions, an RBI article on Tuesday said. Observing that the retreat of the second wave of coronavirus pandemic has been slow, the RBI in an article on the 'State of Economy' said, the aggregate demand conditions are buoyed by the release of pent-up demand post unlock, while the supply situation is improving with the monsoon catching up to its normal levels and sowing activity gaining pace. "Reaffirming the traction that the economy is gaining, the manufacturing activity is gradually turning around, while contraction in services has moderated.

COVID-19: India's public debt ratio to jump to 90%

COVID-19: India's public debt ratio to jump to 90%

Rediff.com14 Oct 2020

India's public debt ratio, which remarkably remained stable at around 70 per cent of the GDP since 1991, is projected to jump by 17 percentage points to nearly 90 per cent because of increase in public spending due to COVID-19, the IMF said.

Union Budget 2016: Who are the 'Jaitley Babus'?

Union Budget 2016: Who are the 'Jaitley Babus'?

Rediff.com19 Feb 2016

Senior New Delhi-based journalist R Rajagopalan, who has been closely following the Union Budget preparations since 1977, lifts the veil off India's most secretive operation.

5 proposals govt will discuss with RBI on November 19

5 proposals govt will discuss with RBI on November 19

Rediff.com12 Nov 2018

There is as yet no clarity on how the process of consulting with the RBI Governor, initiated under Section 7 of the RBI Act, would unfold in the coming days. The government is keen that its suggestions made in the public interest should be heeded by the central bank, says A K Bhattacharya.

US imposes new visa restrictions on China over Tibet

US imposes new visa restrictions on China over Tibet

Rediff.com9 Jul 2020

Secretary of State Mike Pompeo said he was taking action against an unspecified number of Chinese officials, including from the ruling Communist Party, under a US law that calls on China to let Americans visit Tibet.

FM to meet all bank heads on Monday to discuss NBFC crisis

FM to meet all bank heads on Monday to discuss NBFC crisis

Rediff.com3 Aug 2019

Credit to priority sectors as well as small and medium industries will be discussed to find ways to accelerate economic growth.

US judge blocks Trump's H-1B visa ban

US judge blocks Trump's H-1B visa ban

Rediff.com2 Oct 2020

In a major relief to thousands of Indian IT professionals, a federal judge in the US on Thursday blocked the enforcement of a temporary visa ban by the Trump administration on a large number of work permits, including the most sought after H-1B visas, ruling that the president exceeded his constitutional authority.

Economists in India: Endangered species?

Economists in India: Endangered species?

Rediff.com21 Jul 2016

The pipeline for well-qualified and experienced policy economists at senior levels of government has broken, leading to a growing dearth of suitable candidates for top economist positions.