News for 'Department of Economic Services'

Meet Asha, the robotic nurse

Meet Asha, the robotic nurse

Rediff.com17 Dec 2020

'Imagine taking care of a patient who is infected with Covid. A human nurse is unable to do that due to fear of infection. The robot can do that task, while it is controlled or supervised by the human nurse. So the robot becomes an extension of the nurse.'

Why Jessica Lall wants to be Los Angeles's next mayor

Why Jessica Lall wants to be Los Angeles's next mayor

Rediff.com24 Nov 2021

'We need to see more Indian Americans and people of colour hold elected office and serve in executive roles.'

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

Can poor monsoons rain on the BSE's parade?

Can poor monsoons rain on the BSE's parade?

Rediff.com3 Jun 2019

Monsoons have had limited effect on market returns for a given year, report Sachin Mampatta and Sundar Sethuraman.

We need Modi the Thanedar, not Chowkidar

We need Modi the Thanedar, not Chowkidar

Rediff.com8 Apr 2022

I am not sure if Modi can ever act as a chowkidar, even if he wants to. But he can surely act as a thanedar, by ensuring a fast resolution of corruption cases once they come to light. Exemplary action is easier and will burnish his anti-corruption image, argues Debashis Basu.

Modi says India is mother of all democracies, flays populism politics

Modi says India is mother of all democracies, flays populism politics

Rediff.com12 Jul 2022

He recalled that the state was home to Vaishali, said to be the oldest republic in the world.

Nobel Laureate Raghuram Rajan? We will know on Monday

Nobel Laureate Raghuram Rajan? We will know on Monday

Rediff.com8 Oct 2017

Though Nobel Prize nominations have been a secret for 50 years, speculation abounds over the contenders for this year's prize in economics.

Govt dept wants home ministry to allow limited activity in select sectors

Govt dept wants home ministry to allow limited activity in select sectors

Rediff.com12 Apr 2020

The department for promotion of industry and internal trade (DPIIT) has suggested to the home ministry to allow limited activity in certain sectors such as heavy electricals and telecom equipment with reasonable safeguards. In a letter to Home Secretary Ajay Kumar Bhalla, the department said that these activities are essential to improve the economic situation and provide liquidity in the hands of the people.

FM urges pvt banks to ensure smooth liquidity for MSMEs

FM urges pvt banks to ensure smooth liquidity for MSMEs

Rediff.com15 Jun 2020

The finance minister chaired a meeting through video conference with major private banks and NBFCs to ensure effective rollout of ECLGS and uninterrupted liquidity to Indian MSMEs in this difficult time.

What will Maharaj do after Maharaja is sold?

What will Maharaj do after Maharaja is sold?

Rediff.com25 Nov 2021

There is no reason for keeping an entire ministry with a total staff strength of 2,300, just for the oversight of a few aviation sector laws and regulatory bodies, notes A K Bhattacharya.

Bureaucratic rejig point to govt's priorities

Bureaucratic rejig point to govt's priorities

Rediff.com3 Dec 2015

The reshuffle is aimed at speeding up the implementation of the government's ambitious programmes like the SmartCity project and focus on key sectors like Mines, Information Technology and Road Transport.

'I told them India was like a giant jumbo jet. It would take off slowly and be unstoppable'

'I told them India was like a giant jumbo jet. It would take off slowly and be unstoppable'

Rediff.com10 Jan 2023

This doctor couple put their faith in India. And in return India has put faith in them.

Divestment of BPCL, Air India to be completed in FY22: FM

Divestment of BPCL, Air India to be completed in FY22: FM

Rediff.com1 Feb 2021

The government on Monday budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions, including 2 PSU banks and one general insurance company, in the next fiscal year beginning April 1. The amount is lower than the record Rs 2.10 lakh crore which was budgeted to be raised from CPSE disinvestment in the current fiscal year. However, the COVID-19 pandemic impacted the government's CPSE stake sale programme, and the target has been lowered to Rs 32,000 crore in the Revised Estimates.

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.

Additional secretary to replace fin secy in RBI board

Additional secretary to replace fin secy in RBI board

Rediff.com31 Jul 2015

RBI had a board meeting recently.

Assam-Mizo border clash: Bandh affects normal life in Barak Valley

Assam-Mizo border clash: Bandh affects normal life in Barak Valley

Rediff.com28 Jul 2021

The bandh, called by Barak Democratic Front and supported by political outfits including opposition AIUDF and social organisations, was "total" and there was no report of any untoward incident from any district, another official said.

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.

Crypto currencies not legal, will eliminate their use: FM

Crypto currencies not legal, will eliminate their use: FM

Rediff.com1 Feb 2018

There are no regulations governing virtual currencies in India and the RBI has not given any licence to any entity/company to operate such currencies.

'India's greatest threat in Afghanistan is China'

'India's greatest threat in Afghanistan is China'

Rediff.com9 Sep 2021

'Imagine China pursuing its aims in Jammu and Kashmir by using Pakistani and now Afghan proxies.'

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.

Maharashtra's Covid curbs: What is allowed/not allowed

Maharashtra's Covid curbs: What is allowed/not allowed

Rediff.com4 Apr 2021

The weekend lockdown will start from 8 pm on Fridays and last till 7 am on Mondays. Besides, prohibitory orders will be in force during daytime on weekdays, the Chief Minister's Office (CMO) said in a statement.

Govt to snip red-tape in PSU sale approval, cut time frame by 90%

Govt to snip red-tape in PSU sale approval, cut time frame by 90%

Rediff.com7 Apr 2021

The idea is to do away with the need for the approval of the Core Group of Secretaries on Divestment for privatisation of companies, especially in non-strategic sectors.

US wants India to lower trade barriers

US wants India to lower trade barriers

Rediff.com26 Jun 2019

The State Department said as India's number one overseas market, the US purchases close to one-fifth of its exports. India is also the fastest growing major market for American goods.

US blacklists Huawei, places it on entity list

US blacklists Huawei, places it on entity list

Rediff.com16 May 2019

The Department of Commerce alleged that Huawei was engaged in activities that are contrary to US national security or foreign policy interest.

Indian-American physician named co-chair of Biden's Covid task-force

Indian-American physician named co-chair of Biden's Covid task-force

Rediff.com9 Nov 2020

Dr Murthy, 43, a former United States Surgeon General, along with two other co-chairs -- Dr David Kessler and Dr Marcella Nunez-Smith -- would lead a team of leading public health experts who will advise Biden and Vice President-elect Kamala Harris on the deadly virus.

Jobs for locals have remained on paper

Jobs for locals have remained on paper

Rediff.com17 Mar 2021

While the Constitution makes everyone in India eligible to work anywhere in the country, states have used legal loopholes to frame laws.

Trick or treat? India's strong GDP figures mask economic reality

Trick or treat? India's strong GDP figures mask economic reality

Rediff.com11 Feb 2015

India's latest GDP numbers do not signal robust economic growth in near term.

'Google tax' may be deferred till September

'Google tax' may be deferred till September

Rediff.com14 May 2020

E-commerce giants such as Amazon, Netflix and Flipkart, whose headquarters are not in India, potentially have to pay the additional levy of 2 per cent from April 1.

Sitharaman may announce 2nd coronavirus relief package this week

Sitharaman may announce 2nd coronavirus relief package this week

Rediff.com6 Apr 2020

The finance ministry is working on a second relief package for the Indian economy hit hard by the coronavirus outbreak and the 21-day nationwide lockdown imposed to curb the contagion, sources said. Last month, the government announced a Rs 1.70 lakh crore relief package in the form of foodgrains and cash transfers for the poor and vulnerable section of the society to help them deal with the hardships caused by the lockdown. Now, the government is working on a stimulus to be given to hard-hit sectors of the economy after the lockdown is lifted, sources said, adding that an announcement is expected in the next few days depending on the severity of the pandemic.

Sebi staring at vacancies at the top

Sebi staring at vacancies at the top

Rediff.com12 Jan 2017

The chairman's post will soon fall vacant, but that's not the only one that needs to be filled.

Niti moots 100% tax exemption for donations to not-for-profit hospitals

Niti moots 100% tax exemption for donations to not-for-profit hospitals

Rediff.com29 Jun 2021

Government think tank Niti Aayog has suggested 100 per cent income tax exemption for donations and provision of working capital loans with lower interest rates for not-for-profit hospitals to strengthen healthcare services in India. In a report titled 'Not-for-Profit Hospital Model in India', the Aayog also pitched for involving high performing hospitals in public private partnership (PPP) models for managing primary health care (PHCs), operations of government facilities and PSU hospitals. "Income-tax exemption could be increased from the current 50 per cent exemption to 100 per cent exemption for philanthropy toward the identified not-for-profit hospitals.

No possibility of GST rate hike till revenue stabilises: Sushil Modi

No possibility of GST rate hike till revenue stabilises: Sushil Modi

Rediff.com23 Dec 2019

Bihar Deputy Chief Minister Sushil Kumar Modi said, a hike in GST rates would have hampered consumption amid the economic slowdown. The revenue augmentation panel in the Council meeting recently recommended revisiting and restructuring the GST rate slabs, besides correcting the inverted duty structure. The panel listed 24 items, including mobile phones, footwear, fabrics, LED light, medical equipment, utensils, agri machinery, pharma, and renewable components, which have an inverted duty structure, resulting in refunds of close to Rs 20,000 crore annually.

BJP govt responsible for coronavirus crisis: Kamal Nath

BJP govt responsible for coronavirus crisis: Kamal Nath

Rediff.com12 Apr 2020

He alleged that the people of Madhya Pradesh were 'befooled' by the saffron party as there was no council of ministers or a health or home minister in place in the state amid the crisis due to the coronavirus outbreak.

Full text: President Murmu's address to Parliament's Budget Session

Full text: President Murmu's address to Parliament's Budget Session

Rediff.com31 Jan 2023

'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.

Air India sale likely in first half of FY21

Air India sale likely in first half of FY21

Rediff.com14 Feb 2020

The airline's 100 per cent shareholding in profit-making budget carrier Air India Express as well as 50 per cent shareholding in equal joint venture Air India SATS Airport Services would also be sold.

Trick or treat? India's strong GDP figures mask economic reality

Trick or treat? India's strong GDP figures mask economic reality

Rediff.com12 Feb 2015

Search is on for reliable indicators of underlying activity.

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.

J-K plans mythological theme park near Vaishno Devi shrine

J-K plans mythological theme park near Vaishno Devi shrine

Rediff.com11 Jun 2021

The Jammu and Kashmir administration is planning to set up India's best mythological theme park near the famous Vaishno Devi shrine in Reasi district and has sought investors for the project, officials said.

Ashok Lavasa named as new ADB vice-president

Ashok Lavasa named as new ADB vice-president

Rediff.com15 Jul 2020

Lavasa, a career bureaucrat, joined as Election Commissioner on January 23, 2018, and being senior most on the poll panel would have become CEC in April next year after the term of incumbent Sunil Arora ends.

Chronology: How Tatas are back in Air India's cockpit

Chronology: How Tatas are back in Air India's cockpit

Rediff.com8 Oct 2021

After more than two decades and three attempts, the government has finally sold its flagship national carrier Air India, and it is deja vu for Maharaja as it returned home to its founding father the Tata group. Jehangir Ratanji Dadabhoy (JRD) Tata founded the airline in 1932 and named it Tata Airlines. In 1946, the aviation division of Tata Sons was listed as Air India, and in 1948, the Air India International was launched with flights to Europe. The international service was among the first public-private partnerships in India, with the government holding 49 per cent, the Tatas keeping 25 per cent and the public owning the rest. In 1953, Air India was nationalised and for the next over four decades it remained the prized possession for India controlling the majority of the domestic airspace.