News for 'Department of Economic Services'

'Congress is clear that we can't become BJP-lite'

'Congress is clear that we can't become BJP-lite'

Rediff.com1 Nov 2020

Secularism as a principle and practice in India is in "danger", but "forces of hatred" cannot alter the country's secular character, senior Congress leader Shashi Tharoor said during an interview on his new book 'The Battle of Belonging'. In the book, Tharoor makes a stinging critique of the Hindutva doctrine, asserting that it is a political doctrine, not a religious one.

'Modi is aware of the hurdles and has taken positive steps'

'Modi is aware of the hurdles and has taken positive steps'

Rediff.com5 Nov 2015

Exports to India support 180,000 US jobs.

PNB fraud: 'Probability of bank scams is much higher in PSBs'

PNB fraud: 'Probability of bank scams is much higher in PSBs'

Rediff.com19 Feb 2018

The RBI expects the assessment to show if the systemic failure was only in PNB or in the overall banking universe

GST: Did we just miss the biggest opportunity?

GST: Did we just miss the biggest opportunity?

Rediff.com13 Dec 2018

With all the brouhaha over GST, and (often) a limited understanding of the long-term forces shaping India's logistics sector, companies seem to have omitted factoring in some underlying trends that could shape supply chain excellence, says Neelesh Mundra.

In a first, PMO assigns work for junior ministers

In a first, PMO assigns work for junior ministers

Rediff.com30 Jul 2016

Breaking a long tradition, the PMO has ensured that specific divisions in each ministry are allocated to junior ministers.

India's FDI inflows up 12% at $2 bn in Feb

India's FDI inflows up 12% at $2 bn in Feb

Rediff.com27 Apr 2014

The highest FDI came in services ($2.18 billion), followed by automobiles ($1.28 billion), pharmaceuticals ($1.27 billion) and construction development ($1.05 billion) in the 11 months of 2013-14.

US denies 'spying' on India's ASAT test

US denies 'spying' on India's ASAT test

Rediff.com30 Mar 2019

'Everybody spies on their friends as well as their enemies. That's the way the world works these days'

'Indiawallah' to be prestigious Wadhwani Chair

'Indiawallah' to be prestigious Wadhwani Chair

Rediff.com23 Jan 2014

'In the time I have been an Indiawallah, I have seen three US Presidential visits to India, nuclear sanctions, nuclear cooperation, a border conflict with Pakistan, the growth of IT services, a government losing a confidence vote, and so much more,' Rick Rossow, the new Wadhwani Chair in US-India Policy Studies tells Rediff.com's Aziz Haniffa.

India's slingshot moment

India's slingshot moment

Rediff.com3 Feb 2018

The transformational reforms like GST, Bankruptcy Code and recapitalisation of banks, Black Money Act, demonetisation, flexible inflation targeting and adoption of fiscal discipline (FRBMA), etc, have temporarily and purposefully pulled us back only to propel us forward with greater velocity, Rajiv Memani.

Trump leaves for maiden India visit, calls Modi a 'friend'

Trump leaves for maiden India visit, calls Modi a 'friend'

Rediff.com23 Feb 2020

Trump is accompanied by First Lady Melania, daughter Ivanka, son-in-law Jared Kushner and the top brass of his administration.

Why home buyers may now have to tackle anti-profiteering disputes

Why home buyers may now have to tackle anti-profiteering disputes

Rediff.com18 Mar 2019

Experts said the builders will now factor in their losses arising from the removal of input tax credit when they pass on the benefits to end users while the latter may want the entire GST cut to be given to them.

The real puzzle of doing business in India

The real puzzle of doing business in India

Rediff.com23 Nov 2017

'There is a certain irony embedded in this asymmetric geographical distribution of FDI because most state leaders have shed their inhibitions about promoting 'business' and have understood its virtues as a more cost-effective way of replacing the mai-baap welfarism that passed for economic policy till the early nineties', says Kanika Datta.

FinMin not stamping postal bank plan

FinMin not stamping postal bank plan

Rediff.com7 Apr 2014

Two key depts in ministry cold to rationale for one; postal dept says it's more eligible than IDFC or Bandhan, feels 'strong lobby' scuttling its plans.

GDP above forecast, but risks in H2 on spending cut: Analysts

GDP above forecast, but risks in H2 on spending cut: Analysts

Rediff.com30 Nov 2013

Analysts welcomed the better Q2 GDP readings of 4.8 per cent, which came in above their expectations, but warned that the planned expenditure cuts by the government will be the key thing to watch out going forward.

Pvt operators for bullet train on RailMin radar

Pvt operators for bullet train on RailMin radar

Rediff.com5 Jan 2016

DMRC-like SPV to be floated in a month for the Rs 98,000 crore Mumbai-Ahmedabad corridor.

FinMin-RBI differences come to the fore again

FinMin-RBI differences come to the fore again

Rediff.com31 Oct 2018

The Financial Stability and Development Council meeting on Tuesday started with an air of tension in the room. An official present described the participants' body language as "tetchy". However, once presentations and discussions begun, the mood considerably eased.

What you must know about Mumbai's COVID-19 deaths

What you must know about Mumbai's COVID-19 deaths

Rediff.com13 May 2020

'65 per cent were males.' 'Age group of deaths: More were seen from age 51 to 70.' 'Saw some deaths from age 21 to the 40s.' 'About 76 to 77 per cent of patient deaths had some kind of a comorbidity.' 'The main comorbidities were the presence of diabetes, hypertension, some kind of heart diseases.'

Rs 93,847 crore allocated for education in interim budget

Rs 93,847 crore allocated for education in interim budget

Rediff.com1 Feb 2019

While Rs 37,461.01 crore has been allocated for higher education, Rs 56,386.63 crore has been earmarked for school education.

Postal bank set to become a reality: Rajan

Postal bank set to become a reality: Rajan

Rediff.com3 Apr 2015

Payments banks are niche banks which will be allowed to function with several restrictions.

Govt ignores CVC, appoints CBI additional director of its choice

Govt ignores CVC, appoints CBI additional director of its choice

Rediff.com10 Feb 2014

A controversy has broken out over the appointment of an additional director in the Central Bureau of Investigation after the government and the central vigilance commission locked horns over considering an officer whose track record was under question.

The unsung heroes who made GST a reality

The unsung heroes who made GST a reality

Rediff.com2 Jul 2017

As many as 30 sub-groups and committees worked tirelessly to devise rules and laws as well as fix tax rates for over 1,200 goods and services.

Why SC ruling on AGR is crucial for India's telecom sector

Why SC ruling on AGR is crucial for India's telecom sector

Rediff.com20 Jun 2017

For the PMO this is urgent as the Digital India framework would depend on how the telecom companies perform. It is also linked to the proposed auction of 5G airwaves.

Returning migrants: Boon or bane for states?

Returning migrants: Boon or bane for states?

Rediff.com29 May 2020

For states like West Bengal, Bihar, Odisha, Jharkhand and Uttar Pradesh, where migration is high, the return of workers could be as much an opportunity as a liability. All states have launched portals to register migrant workers; additional fields like nature of employment and remuneration in the past 2-3 years are being added to help in skill mapping.

US, India plan joint investment treaty for easing business

US, India plan joint investment treaty for easing business

Rediff.com26 Mar 2015

The US and India likely to sign a high quality bilateral investment treaty to create an enabling business environment.

Why exports keep missing ministry target

Why exports keep missing ministry target

Rediff.com24 Apr 2019

A combination of externalities such as global trade wars and slowing growth, continuing glitches in accessing offsets under the GST regime, which has created a liquidity crunch for smaller exporters, and the growing competitiveness of smaller countries are causing the slowdown.

17 US states, tech giants sue against new visa rule

17 US states, tech giants sue against new visa rule

Rediff.com14 Jul 2020

The lawsuit seeks an injunction to stop the entire rule from going into effect.

In (partial) defence of the IAS

In (partial) defence of the IAS

Rediff.com15 Jun 2015

Administration is an evolving process, requiring the civil service to constantly re-invent itself to meet new challenges. The administration must become accountable to the law of the land and to the people.

Mumbai's Tireless COVID-19 Warrior

Mumbai's Tireless COVID-19 Warrior

Rediff.com3 Jun 2020

'These are challenging times and we get energised by that.' 'I don't feel that 'I am tired now and I should relax', because even if someone calls us at 12 o'clock I have to answer his call.'

Nokia's plan to close Chennai plant sends a disturbing signal

Nokia's plan to close Chennai plant sends a disturbing signal

Rediff.com9 Oct 2014

Prime Minister Narendra Modi's desire to showcase India as a destination for manufacturing is well understood.

What you must know about China and coronavirus

What you must know about China and coronavirus

Rediff.com2 Apr 2020

How China's all powerful Communist party bungled the response to the coronavirus crisis.

Union Budget likely to be presented on Feb 1

Union Budget likely to be presented on Feb 1

Rediff.com20 Sep 2016

The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year

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.'

Decision on FDI cap soon: FM

Decision on FDI cap soon: FM

Rediff.com2 Jul 2013

Seeking to spur foreign investments, Finance Minister P Chidambaram has said the Union Cabinet will decide on raising FDI caps in different sectors in the third week of this month.

Sr managers paid 11.7 times higher than lower level staff

Sr managers paid 11.7 times higher than lower level staff

Rediff.com5 Mar 2015

Disparity in India during last six years, senior managers have been paid 11.7 times more than their lower level workers

Govt discussing opening up of legal sector to foreign firms

Govt discussing opening up of legal sector to foreign firms

Rediff.com27 Feb 2015

Legal sector may be opened up for foreign investment.

IL&FS case: Deloitte, KPMG's plea dismissed

IL&FS case: Deloitte, KPMG's plea dismissed

Rediff.com4 Mar 2020

Rejecting the contention of the auditors and others that they cannot be treated as part of the management, which is responsible for managing the affairs of the company and therefore should not be charged as per the said section, the NCLAT said that rules of natural justice are to be followed.

India's FDI inflows up 1.5% to $2.18 billion in Jan

India's FDI inflows up 1.5% to $2.18 billion in Jan

Rediff.com20 Mar 2014

During the 10-months of this financial year, the highest FDI came in services ($1.80 billion), followed by pharmaceuticals ($1.26 billion), automobiles ($1 billion) and construction development ($966 million).

All the Prime Minister's officers

All the Prime Minister's officers

Rediff.com16 Aug 2016

The Modi PMO is like none other: It is staffed by people who are so low profile that the only dominant personality is the Prime Minister's.

For 'Make in India', first 'Innovate in India'

For 'Make in India', first 'Innovate in India'

Rediff.com7 May 2015

The 'Make in India' vision cannot survive in the long-term without concrete measures to build a concurrent 'Create in India' movement.

Markets end flat; Infosys slumps 5% on downgrade

Markets end flat; Infosys slumps 5% on downgrade

Rediff.com8 Oct 2014

Market ended lower for the third straight session led by IT stocks amid downgrade by Citigroup.