News for 'Department of Economic Services'

These Scientists Shaped India

These Scientists Shaped India

Rediff.com15 Aug 2023

I suggest we build a Vigyan Mandir (Temple of Science) with the ambience of a place of worship, so that it becomes a destination for pilgrims. We should embed on its walls bronze plaques describing each scientist mentioned here along with about a dozen of our ancient mathematicians, recommends Professor Kalyan Singhal, historian of science and technology.

ASK MAYANK: Can my son do his MBA without giving CAT?

ASK MAYANK: Can my son do his MBA without giving CAT?

Rediff.com5 May 2023

You can apply for online MBAs that won't require CAT scores, suggests rediffGURU Mayank Kumar.

Gehlot's Political Response To Farmers' Debt Problem

Gehlot's Political Response To Farmers' Debt Problem

Rediff.com23 Aug 2023

Banks may become more cautious in extending loans, as more and more farmers may take loans, relying on the assurance that a debt relief commission will back them in the event of default.

HSBC acquires Silicon Valley Bank's UK arm for 1 pound

HSBC acquires Silicon Valley Bank's UK arm for 1 pound

Rediff.com13 Mar 2023

The UK government announced on Monday that it has facilitated London-based banking major HSBC to buy the embattled UK arm of Silicon Valley Bank for 1 pound, securing the deposits of more than 3,000 customers worth around 6.7 billion pounds. Santa Clara, California-based Silicon Valley Bank - which specialised in lending to technology companies - was shut down by US regulators on Friday in what was the largest failure of a US bank since 2008. According to experts, although the UK arm of SVB was small with only around 3,000 business customers, its collapse would have presented a risk for the tech sector which is seen as crucial to Britain's economic growth.

'Our economic nirvana is not through GST'

'Our economic nirvana is not through GST'

Rediff.com30 Nov 2015

Chartered accountant and commentator M R Venkatesh on why the GST Bill will cost the BJP dear.

No let up in monsoon fury in Himachal, death toll rises to 18; 300 stranded

No let up in monsoon fury in Himachal, death toll rises to 18; 300 stranded

Rediff.com11 Jul 2023

Chief Minister Sukhvinder Singh Sukhu said efforts are on to rescue the 300 stranded people, and they could be airlifted as the weather clears. Power and water supply has been snapped in several areas.

Aviation majors in fray to operate copter taxis in Uttar Pradesh

Aviation majors in fray to operate copter taxis in Uttar Pradesh

Rediff.com9 Aug 2022

After launching expressway projects worth almost Rs 1 trillion, the Uttar Pradesh government is now betting big on the aviation sector to propel the state's economic growth. Air travel, comprising both business and leisure, is expected to give a fillip to the socioeconomic landscape by attracting fresh investment. It would also ramp up infrastructure and create jobs.

Railways finally reaches Maoist-hit Antagarh in Chhattisgarh

Railways finally reaches Maoist-hit Antagarh in Chhattisgarh

Rediff.com14 Aug 2022

As a part of the 235 km Dallirajhara-Rowghat-Jagdalpur railway project, Antagarh, which has a Nagar Panchayat, is now connected to state capital Raipur by a train service.

Dr M S Swaminathan, who made India self-sufficient in food, passes away

Dr M S Swaminathan, who made India self-sufficient in food, passes away

Rediff.com29 Sep 2023

Renowned agricultural scientist M S Swaminathan and the driving force behind the nation's 'Green Revolution,' passed away in Chennai on Thursday.

From electronics to semiconductor, MNCs in search of policy stability

From electronics to semiconductor, MNCs in search of policy stability

Rediff.com29 May 2023

Their favourite alternatives: Malaysia, Vietnam and the Philippines. Note, India is missing from that list. And this is despite an attractive financial incentive scheme for OSAT players. The reason, said a senior executive of a US chip company who had a meeting in Taiwan just a few weeks ago, is that "they want more predictability in government policy because they plan to put in big money."

'GST, I-T mop up in Q1 indicates economic recovery'

'GST, I-T mop up in Q1 indicates economic recovery'

Rediff.com23 Jul 2020

Income tax collection, by way of advance tax and TDS, in the April-June quarter was about 80 per cent of what was collected in the same period last year.

Tracing the journey of auto industry pioneer Keshub Mahindra

Tracing the journey of auto industry pioneer Keshub Mahindra

Rediff.com12 Apr 2023

Mahindra & Mahindra chairman emeritus Keshub Mahindra passed away this morning in Mumbai due to old age. Mahindra, 99, breathed his last this morning at home peacefully, said a person close to the family. After joining the company in 1947, he became the chairman in 1963.

Trade settlement in rupee: Fearing sanctions by West, banks seek clarity

Trade settlement in rupee: Fearing sanctions by West, banks seek clarity

Rediff.com9 Aug 2022

Banks have raised concerns over the new international trade settlement in rupee, fearing that facilitation of such a mechanism could result in them facing the ire of economic sanctions by the West, people aware of the matter said. Large banks with overseas operations have sought clarity and assurance from the Reserve Bank of India (RBI) that they will not be targeted with sanctions for facilitating rupee trade with a sanction-hit country such as Russia. The present payment mechanism is a shift from earlier such arrangements, like the one with sanction-hit Iran, which involved banks facilitating settlement of international trade that did not have business in the sanctioned nation.

Waiting in passport queue for 2 days, Lankan woman gives birth

Waiting in passport queue for 2 days, Lankan woman gives birth

Rediff.com7 Jul 2022

A pregnant Sri Lankan woman, who had been in a queue for two days to obtain a passport to leave the crisis-hit country for employment overseas, went into labour while waiting for her turn on Thursday and delivered a baby girl.

How drones can give wings to farmers

How drones can give wings to farmers

Rediff.com13 Nov 2022

So far, the drones that were considered important for the agriculture sector were nature-made winged-insects - a key component of the bee-based natural pollination cycle. The new-age drone is a whirring machine with rotors that can help farmers plan and grow and manage their crops. For the farm sector in India, which has had low levels of mechanisation, the impact of drones can be tremendous. The use of drones can help it leapfrog to modernisation in the same way that mobile phones helped India overcome its traditional lack of connectivity.

'GST is not the only remedy for all economic ills'

'GST is not the only remedy for all economic ills'

Rediff.com21 Mar 2016

'It is important to improve the quality of spending.'

Watch out for Michael Patra at RBI!

Watch out for Michael Patra at RBI!

Rediff.com5 Feb 2020

'I am sure Dr Patra will get the fullest cooperation from the finance minister who needs workhorses, not prima donnas constantly looking to improve their CVs,' says T C A Srinivasa-Raghavan.

Amid protests, 5 Kashmiri Pandit employees transferred to Jammu

Amid protests, 5 Kashmiri Pandit employees transferred to Jammu

Rediff.com30 Jul 2022

The Jammu and Kashmir administration has transferred five Kashmiri Pandit employees from Kashmir to Jammu, a step welcomed by the community members who have been on a strike for over two months in support of the demand for their relocation over safety concerns.

Despite ban, Uber, other taxis continue service

Despite ban, Uber, other taxis continue service

Rediff.com19 Dec 2014

Despite Uber facing a ban across many states, including Karnataka and Maharashtra, for Lingaraju, a driver employed by the company in Bengaluru, it is business as usual.

Infra Brushstrokes For The Budget

Infra Brushstrokes For The Budget

Rediff.com30 Jan 2023

7 key areas that the Budget must address to re-energise the infrastructure sector, suggests Vinayak Chatterjee.

Tarun Bajaj posted as revenue secretary in IAS reshuffle

Tarun Bajaj posted as revenue secretary in IAS reshuffle

Rediff.com6 Apr 2021

Senior bureaucrat Tarun Bajaj was appointed revenue secretary as part of a top-level bureaucratic reshuffle by the Centre on Tuesday.

Cabinet clears India Post's payments bank proposal

Cabinet clears India Post's payments bank proposal

Rediff.com1 Jun 2016

All 'grameen dak sevaks' in rural post offices will be given handheld devices by March 2017.

10 economic commandments for Modi

10 economic commandments for Modi

Rediff.com29 Sep 2017

Instead of a consumption stimulus the government must address the NPA issue with a war footing and invest in infrastructure, affordable housing and exports, says Sanjeev Nayyar.

What Are The Aims Of India's Indo-Pacific Policy?

What Are The Aims Of India's Indo-Pacific Policy?

Rediff.com26 Jun 2023

India's historical focus on its continental borders has overshadowed its maritime ambitions, but that is changing quickly, notes Ajai Shukla.

What Sitharaman did after becoming the finance minister

What Sitharaman did after becoming the finance minister

Rediff.com3 Jun 2019

This is not her first stint in North Block or in leading a major economic ministry. She started Prime Minister Narendra Modi's first term as minister of state for finance, was made the commerce minister, and then became the defence minister.

Tamil Nadu bureaucrat K Rajaraman is new telecom secretary

Tamil Nadu bureaucrat K Rajaraman is new telecom secretary

Rediff.com1 Oct 2021

Tamil Nadu cadre IAS officer K Rajaraman on Friday took charge as the new telecom secretary. His joining comes following the superannuation of Anshu Prakash on September 30. "Shri K Rajaraman, IAS (TN:89) takes charge as Secretary, @DoT_India in presence of senior officials of the department," a PIB tweet said. He was serving as the additional secretary for investments at the Department of Economic Affairs before being promoted to the position of secretary, DoT.

Govt reshuffles bureaucrats, Air India chairman is aviation secretary

Govt reshuffles bureaucrats, Air India chairman is aviation secretary

Rediff.com22 Sep 2021

Air India Chairman Rajiv Bansal has been appointed as the new aviation secretary as part of a major top-level bureaucratic reshuffle effected by the Centre on Wednesday. K Rajaraman, additional secretary in the department of economic affairs, has been appointed as secretary, department of telecommunications, a personnel ministry order said.

How India can emerge from the economic slump

How India can emerge from the economic slump

Rediff.com14 Aug 2017

A way out of the economic slump is to revisit the template of 15 years ago and follow its constituents, recommends Ajay Shah.

The A-W Of Desi Guests At the White House Dinner

The A-W Of Desi Guests At the White House Dinner

Rediff.com24 Jun 2023

The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.

Worried About Losing Your Job?

Worried About Losing Your Job?

Rediff.com20 Dec 2022

The first step to keeping your job safe, experts tell Rediff.com's Divya Nair, is understanding why layoffs happen.

Mamata visits Abhijit Banerjee's mother after Nobel win

Mamata visits Abhijit Banerjee's mother after Nobel win

Rediff.com17 Oct 2019

The West Bengal chief minister during the meet said that the state government was keen to utilise the Nobel winner's services.

US payrolls surge in December in boost to economic outlook

US payrolls surge in December in boost to economic outlook

Rediff.com8 Jan 2016

The dollar moved higher, while prices for US government debt fell, as traders ramped up bets the Federal Reserve would raise interest rates in March

Bureaucratic rejig: Health secy gets 3-month extension

Bureaucratic rejig: Health secy gets 3-month extension

Rediff.com26 Apr 2020

The Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi, has approved a three-month extension in Sudan's service, beyond the date of her superannuation, i.e. April 30, a personnel ministry order said. She will continue to function as the secretary of the Department of Health and Family Welfare during the period, it said.

Rs 62,000 Crore GST Evasion Detected

Rs 62,000 Crore GST Evasion Detected

Rediff.com26 Dec 2022

'There are unscrupulous traders who create fake invoices by showing bogus e-way bills, movement of goods.' 'Since the entities registered across different states, and kept on changing their numbers, tracing them was difficult.'

'Xi's Main Challenge Is Taking Over Taiwan'

'Xi's Main Challenge Is Taking Over Taiwan'

Rediff.com20 Oct 2022

'Even though as Xi will seemingly continue to stay in power beyond his third term, competitions for the post-Xi leadership would be inevitably unfolded beneath the surface of water, and that will be a big headache for Xi the dictator.'

Nine J&K candidates including 3 women crack civil services

Nine J&K candidates including 3 women crack civil services

Rediff.com5 Jul 2015

Nine candidates, including three women, from Jammu and Kashmir have qualified the prestigious UPSC Civil Service examination, the results of which were declared on Saturday.

Economic growth slows to 5.3% in Sept quarter

Economic growth slows to 5.3% in Sept quarter

Rediff.com28 Nov 2014

Agriculture, which accounts for 14% of GDP grew at 3.2% in the quarter

Railways to IAS: Where are the Women?

Railways to IAS: Where are the Women?

Rediff.com4 Apr 2019

Women's representation in government jobs is less than 15%.

NEP Opens Doors For Foreign Universities

NEP Opens Doors For Foreign Universities

Rediff.com21 Jun 2022

'We are receiving a steady stream of interest from well-established foreign universities.'

Will govt restart rupee-rouble trade?

Will govt restart rupee-rouble trade?

Rediff.com10 Mar 2022

The government may soon give the green light to bilateral trade between Russia and India in their national currencies to avoid any trade disruptions, multiple people aware of the matter said. While the Department of Commerce has recommended the proposal, an announcement is likely to be made by the finance ministry after further deliberations between the Department of Economic Affairs and Department of Financial Services. "The finance ministry will take a call on how to peg the two currencies," a senior government official told Business Standard. In the past, the two nations have had rupee-rouble trade, and when such an arrangement is implemented again, it will bypass the sanctions imposed on Russia by the West.