News for 'Department of Economic Services'

Govt extends ED director S K Mishra's tenure by a year

Govt extends ED director S K Mishra's tenure by a year

Rediff.com17 Nov 2021

The government on Wednesday extended the tenure of Enforcement Directorate Director Sanjay Kumar Mishra by a year till November 18, 2022, days after the Centre brought ordinances to allow ED and Central Bureau of Investigation directors to occupy the office for up to five years.

RBI may soon allow interoperability of Post payment bank ATMs

RBI may soon allow interoperability of Post payment bank ATMs

Rediff.com4 Jul 2016

The vertical will be based out of Bengaluru.

'The impact of El Nino is always a matter of concern'

'The impact of El Nino is always a matter of concern'

Rediff.com6 Jun 2023

'If because of El Nino, the monsoon is affected adversely in the current year, naturally it will affect income projections and consequently Budget numbers.'

Information Technology: Boost for hardware, but disappointment for IT services

Information Technology: Boost for hardware, but disappointment for IT services

Rediff.com2 Mar 2016

The key proposals from the IT industry that were not addressed included removal of dual levies on software products

Khalistani terrorist Paramjit Panjwar shot dead in Lahore

Khalistani terrorist Paramjit Panjwar shot dead in Lahore

Rediff.com6 May 2023

Panjwar, 63 was involved in drug and weapons smuggling and was designated as a terrorist under the Unlawful Activities (Prevention) Act in July 2020.

Who Will Admit To Committing Fraud?

Who Will Admit To Committing Fraud?

Rediff.com27 Apr 2023

Banks do extensive investigation before declaring an account fraud; they owe it to us as they deal with our money. Why would they try to fix an innocent borrower? asks Tamal Bandyopadhyay.

OneWeb inks pact with ISRO commercial arm for launching satellites

OneWeb inks pact with ISRO commercial arm for launching satellites

Rediff.com21 Apr 2022

Bharti group-backed OneWeb and New Space India Limited, the commercial arm of the Indian Space Research Organisation, have entered into an agreement that will help ensure OneWeb completes its satellite launch programme. The first launch with New Space India is expected in 2022 from the Satish Dhawan Space Centre (SDSC) SHAR, Sriharikota. The launches will add to Low Earth Orbit (LEO) satellite communications firm OneWeb's total in-orbit constellation of 428 satellites -- 66 per cent of the planned total fleet -- to build a global network that will deliver high-speed, low-latency connectivity.

Pakistan's ex-military ruler Musharraf dies in Dubai; to be buried in Karachi

Pakistan's ex-military ruler Musharraf dies in Dubai; to be buried in Karachi

Rediff.com5 Feb 2023

Musharraf, 79, was suffering from amyloidosis, a rare disease caused by a build-up of an abnormal protein called amyloid in organs and tissues throughout the body, The Express Tribune reported.

Pak appoints former top spy Lt Gen Asim Munir as new Army chief

Pak appoints former top spy Lt Gen Asim Munir as new Army chief

Rediff.com25 Nov 2022

Pakistan Prime Minister Shehbaz Sharif on Thursday chose Lt Gen Asim Munir as the new Army chief to replace incumbent General Qamar Javed Bajwa.

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.

Economic issues key to Modi's US visit

Economic issues key to Modi's US visit

Rediff.com25 Sep 2014

'Political meetings will be a mere side show; the main show is economic investment and the business partnership. The success of Modi's US visit will be judged on the basis of India's ability to attract American investment and setting up of manufacturing in India to give jobs to millions,' says Colonel Anil A Athale (retd).

The growing tussle between the govt and CAG

The growing tussle between the govt and CAG

Rediff.com22 May 2022

In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.

Govt to break 150-yr tradition, gives nod to Railway board restructuring

Govt to break 150-yr tradition, gives nod to Railway board restructuring

Rediff.com25 Dec 2019

The new board will have a leaner structure on functional lines headed by the chairman and four members - covering infrastructure, operations and business development, rolling stock, and finance.

Planet Earth welcomes 8th billion inhabitant

Planet Earth welcomes 8th billion inhabitant

Rediff.com15 Nov 2022

Planet Earth welcomed its 8th billion inhabitant on Tuesday, a remarkable milestone for humanity that is set to propel India to become the world's most populous country next year, surpassing China amid rising global challenges.

India's deep discounts on Russian crude will stay

India's deep discounts on Russian crude will stay

Rediff.com6 Dec 2022

Even as the Group of Seven (G7) price cap on Russian crude oil enters into force as of December 5, India has been assured it will continue to receive the existing deep discounts on Russian oil, for the time being, informed officials. "We have been assured by our Russian partners of uninterrupted crude supplies at the existing rates for the time being. "There were a lot of reports of changes in (India's) buying patterns after the global price cap took hold.

In case of war, can India be cut off from internet?

In case of war, can India be cut off from internet?

Rediff.com16 Apr 2022

With Western corporations, including Microsoft, AWS and Oracle, shutting down their operations in Russia, the rest of the world has become acutely aware of its dependence on a clutch of technology service providers.

Do we need so many income tax staffers?

Do we need so many income tax staffers?

Rediff.com11 Aug 2021

The preliminary processing of tax returns is already undertaken with the help of technology. There is now greater scope of using more technology to reduce the human interface even further, notes A K Bhattacharya.

Iconic TVS group families start restructuring businesses

Iconic TVS group families start restructuring businesses

Rediff.com12 Feb 2022

As part of the exercise, each family will get complete ownership of the businesses it manages while scrapping the holding company.

Ahead of election, Trump imposes new curbs on H-1B visas

Ahead of election, Trump imposes new curbs on H-1B visas

Rediff.com7 Oct 2020

The Trump administration has announced new restrictions on H-1B non-immigrant visa programme which it said is aimed at protecting American workers, restoring integrity and to better guarantee that H-1B petitions are approved only for qualified beneficiaries and petitioners, a move which is likely to affect thousands of Indian IT professionals.

Indian-Americans taking over US, says Biden

Indian-Americans taking over US, says Biden

Rediff.com5 Mar 2021

Indian-Americans are taking over the country, United States President Joe Biden said on Thursday, referring to the high number of people from the community getting a place in his administration.

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.

Chinese Premier Li Keqiang to step down in sweeping leadership change

Chinese Premier Li Keqiang to step down in sweeping leadership change

Rediff.com11 Mar 2022

Chinese Premier Li Keqiang, who is at the helm of managing the country's economy for a decade, said that he will be stepping down this year, setting in motion the once-in-a-decade sweeping leadership change in the Communist country.

IT: Provide relief from service tax and VAT double taxation

IT: Provide relief from service tax and VAT double taxation

Rediff.com24 Feb 2016

The industry employs about 10 million workforce.

A charitable way: NGO sponsors civil service aspirants from minority community

A charitable way: NGO sponsors civil service aspirants from minority community

Rediff.com15 Jul 2015

The Zakat Foundation of India runs welfare initiatives for the destitute and helps with the education of poor students. Upasna Pandey/ Rediff.com discover the origins of this organisation

Sitharaman on Adani fallout: Regulators will look into it

Sitharaman on Adani fallout: Regulators will look into it

Rediff.com4 Feb 2023

India's economic image is not affected due to Adani Group's recent decision to pull out Rs 20,000 crore FPO (follow-on public offers) amid allegations of financial wrongdoings, Finance Minister Nirmala Sitharaman said on Saturday.

Budget 2022: India Inc pitches for more reforms and tax stability

Budget 2022: India Inc pitches for more reforms and tax stability

Rediff.com16 Dec 2021

India Inc on Thursday pitched for continuation of reforms while ensuring tax and policy stability in the forthcoming Budget to prop up the economy hit hard by the COVID-19 pandemic. In the virtual pre-Budget consultation held with Finance Minister Nirmala Sitharaman, industry chambers said that government measures will help firmly entrench the nascent signs of recovery being currently seen in private investment. Capital expenditure by the government through enhanced infrastructure spending should in the meantime continue to support growth, CII president TV Narendran said.

Modi, Blinken draw China ire for greeting Dalai Lama on birthday

Modi, Blinken draw China ire for greeting Dalai Lama on birthday

Rediff.com7 Jul 2022

Chinese foreign ministry spokesman Zhao Lijian told a media briefing that "the Indian side should fully recognise the anti-China separatist nature of the 14th Dalai Lama."

Does Monsoon Impact Market Returns?

Does Monsoon Impact Market Returns?

Rediff.com6 May 2022

Many years during which monsoons were poor saw high returns, while normal or excess rainfall has also coincided with poor calendar year gains.

IPL: Desperate Delhi face must-win game vs Royals

IPL: Desperate Delhi face must-win game vs Royals

Rediff.com10 May 2022

Delhi Capitals need to win all their remaining three matches to keep their hopes alive of making it to the IPL 2022 play-offs.

What does 5G spectrum auction delay mean for India?

What does 5G spectrum auction delay mean for India?

Rediff.com29 Nov 2021

Discussing the prospect of more reform earlier this month, telecom minister Ashwini Vaishnaw announced a delay in the 5G spectrum auction. India's telecom sector regulation has to be benchmarked with the global best, he said. It's another matter that many countries have either introduced or are about to roll out 5G services that will enable cutting-edge tech in diverse areas. For India, too, it will mean a lot for healthcare, robotics and unleashing a new chapter in Digital India perhaps.

Janet Yellen becomes US' 1st woman treasury secretary

Janet Yellen becomes US' 1st woman treasury secretary

Rediff.com26 Jan 2021

Yellen, 74, was confirmed by the Senate in a broad bipartisan support of 84-15 votes on Monday. Both the Democratic and the Republican parties have 50 members in the 100-seat Senate.

Why Aryan Khan's Case Must Worry Us All

Why Aryan Khan's Case Must Worry Us All

Rediff.com9 Jun 2022

Why did the department and his colleagues not stop this 'rogue' officer from implicating an innocent man while the entire nation was watching for weeks? The answer is they either approved, or disapproved and refused to intervene or they didn't care, notes Aakar Patel.

The men behind Sitharaman's 2nd Budget

The men behind Sitharaman's 2nd Budget

Rediff.com30 Dec 2019

Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. Like any other FM, Sitharaman will depend on her team of bureaucrats and advisors to frame and present the Budget.

EXPLAINED: What's this row over now-retired Bengal Chief Secretary

EXPLAINED: What's this row over now-retired Bengal Chief Secretary

Rediff.com1 Jun 2021

Following is the gist of the controversy over sudden transfer of West Bengal Chief Secretary Alapan Bandyopadhyay, who retired on Monday, to Delhi and related rules.

7 simple tips to cut expenses and save money

7 simple tips to cut expenses and save money

Rediff.com26 May 2020

Cut down on non-essential expenses like outside food, travel expenses.

How Adani Saga Affects Indian Banks

How Adani Saga Affects Indian Banks

Rediff.com27 Feb 2023

While the collapse of a large financial intermediary can wreak havoc on the system because of the interconnectivity, a large business conglomerate too can play spoilsport if the banks have too much exposure to the entity, explains Tamal Bandyopadhyay.

What you will see at the Republic Day 2023 parade

What you will see at the Republic Day 2023 parade

Rediff.com25 Jan 2023

The Republic Day parade, which will begin at around 1030 am, will be a unique mix of the country's military prowess and cultural diversity, depicting the country's growing indigenous capabilities, Nari Shakti and emergence of a 'New India'.

US to invest $150 million to train H-1B One Workforce

US to invest $150 million to train H-1B One Workforce

Rediff.com25 Sep 2020

In sectors like IT, cybersecurity, advanced manufacturing, and transportation, the H-1B One Workforce grant programme would be used to upskill the present workforce and train a new generation of workers.

Prez to lead nation in celebrating R-Day; 6 Agniveers to take part in parade

Prez to lead nation in celebrating R-Day; 6 Agniveers to take part in parade

Rediff.com26 Jan 2023

President Droupadi Murmu will lead the nation in celebrating the Republic Day, and Egypt's President Abdel Fattah al-Sisi will be the chief guest at the ceremonial event.

CBDT chargesheets 3 senior IRS officers over tax hike report

CBDT chargesheets 3 senior IRS officers over tax hike report

Rediff.com28 Apr 2020

These officers also have been divested of their current duties on charges of violating Rules 9 and 3(1)(xx) of the Central Civil Service Conduct Rules.