News for 'Department of Economic affairs'

FinMin readying for budget around Feb 1

FinMin readying for budget "around Feb 1"

Rediff.com4 Nov 2016

The idea is to get the budget passed by Parliament along with Appropriations Bill and the Finance Bill by the end of March as this would ensure implementation of the Budget proposals from April 1.

Rs 5,600 cr NSEL scam: I-T dept denies info, FMC dodges queries

Rs 5,600 cr NSEL scam: I-T dept denies info, FMC dodges queries

Rediff.com13 Apr 2014

The Income Tax department has declined to share details of probe being carried out in Rs 5,600 crore (Rs 56 billion) payment default by National Spot Exchange Limited (NSEL) saying it would "hamper the process of investigation or apprehension of offenders".

Blinken arrives in India; to discuss various issues with leaders

Blinken arrives in India; to discuss various issues with leaders

Rediff.com27 Jul 2021

Blinken and Indian leaders on Wednesday will discuss a plethora of pressing issues such as the fluid situation in Afghanistan, regional security concerns, COVID-19 response and ways to boost Indo-Pacific engagement, people familiar with the agenda of talks said.

Air India, Saradha: Cases connected to Chidambarams

Air India, Saradha: Cases connected to Chidambarams

Rediff.com21 Aug 2019

Apart from them, Chidambaram's wife -- Nalini -- has been chargesheeted by the CBI in the Saradha chit-fund scam for allegedly accepting a bribe of Rs 1.4 crore.

FPI investments from China likely to be capped at 5%

FPI investments from China likely to be capped at 5%

Rediff.com30 Jun 2020

Other measures being considered include relatively stringent KYC norms and a separate standard operating procedure for approval, renewal, and fresh investment from India's neighbouring countries.

Egypt's strategic partnership for India, highest award for Modi

Egypt's strategic partnership for India, highest award for Modi

Rediff.com25 Jun 2023

El-Sisi welcomed Modi, who is on a two-day state visit to Egypt, at the Presidential Palace where the two leaders were closeted for one-on-one meeting after which the two sides signed a memorandum of understandng.

New regulator to monitor crowdfunding likely

New regulator to monitor crowdfunding likely

Rediff.com29 May 2018

Currently, most crowdfunding platforms neither operate with proper authorisation nor are governed under any law.

Black money: Reserve Bank to share info with IB, RAW

Black money: Reserve Bank to share info with IB, RAW

Rediff.com7 Mar 2016

The RBI has also been asked to consider displaying this information on its website.

CCEA nod to maintain higher buffer stock of foodgrains

CCEA nod to maintain higher buffer stock of foodgrains

Rediff.com16 Jan 2015

A marginally lower stock of 21.04 million tonnes is to be maintained in the first quarter as on April 1 as against 21.2 million tonnes.

Anxious FM seeks expert help to stem rupee fall

Anxious FM seeks expert help to stem rupee fall

Rediff.com19 Aug 2013

The three hour long meeting was attended by Secretaries of departments of Revenue, Expenditure, Financial services and Disinvestment.

The case that led to Chidambaram's downfall

The case that led to Chidambaram's downfall

Rediff.com22 Aug 2019

Chidambaram has not been named as an accused in the FIR and the CBI is yet to file a chargesheet in the matter.

Demonetise Rs 2000 notes, says ex-secretary in finance ministry

Demonetise Rs 2000 notes, says ex-secretary in finance ministry

Rediff.com8 Nov 2019

"Cash is still quite high in the system. There is also stocking of Rs 2,000 notes in evidence. The expansion of digital payments is taking place all over the world. It is happening in India as well. The pace is much slower," S C Garg, who took VRS from government service after he was abruptly shifted out of the finance ministry, said in a note.

Ukraine invasion: UK media watchdog revokes Russian channel RT's licence

Ukraine invasion: UK media watchdog revokes Russian channel RT's licence

Rediff.com18 Mar 2022

Ofcom ruled that it did not consider RT's licensee, ANO TV Novosti, 'fit and proper' to hold a UK broadcast licence.

FinMin to prepare fresh proposal for Air India sale

FinMin to prepare fresh proposal for Air India sale

Rediff.com19 Jun 2019

Probable reasons that led to failure of the sale process include 24 per cent government stake and corresponding rights, high debt, volatile crude oil prices, fluctuations in exchange rate, changes in macro environment, profitability track record of bidders and restriction on bidding by individuals.

Hope to get nod for airline joint venture with SIA: Tata Sons

Hope to get nod for airline joint venture with SIA: Tata Sons

Rediff.com7 Oct 2013

The proposal of Tatas and Singapore Airlines for a new joint venture, entailing foreign investment of $49 million, is likely to come up before the Foreign Investment Promotion Board for approval on October 18.

Portfolios allocated to ministers in Rajasthan; Gehlot keeps 9, Pilot 5

Portfolios allocated to ministers in Rajasthan; Gehlot keeps 9, Pilot 5

Rediff.com27 Dec 2018

Apart from the chief minister and deputy chief minister, 13 cabinet and 10 ministers of state were allocated portfolios.

Indian-origin Rishi Sunak says he is running for British PM

Indian-origin Rishi Sunak says he is running for British PM

Rediff.com8 Jul 2022

Rishi Sunak, the former UK chancellor of the exchequer, on Friday formally launched his leadership bid to succeed Boris Johnson as the new Conservative Party leader and future British prime minister.

Global economy grim, it's hurting India's exports: Jaitley

Global economy grim, it's hurting India's exports: Jaitley

Rediff.com19 Apr 2016

Jaitley said each of the regions in the world is trying to do its best.

DIPP to move Cabinet on FDI caps for some sectors

DIPP to move Cabinet on FDI caps for some sectors

Rediff.com2 Jul 2013

A panel headed by Economic Affairs secretary Arvind Mayaram had suggested FDI limit be raised to 49 per cent in almost all sectors through the automatic route.

At current rate, all Indians will be vaccinated by Sept 2022

At current rate, all Indians will be vaccinated by Sept 2022

Rediff.com28 Jun 2021

865 million Indian adults require vaccination.

Govt to ease fund raising, revamp capital markets

Govt to ease fund raising, revamp capital markets

Rediff.com9 Sep 2014

The government is also working on Euroclearing, the world's biggest bond settlement system, for Indian debt securities.

FDI from China drops to $141 million in 4 years

FDI from China drops to $141 million in 4 years

Rediff.com25 Oct 2018

Overall, cumulative direct investment from China stood at just $2.05 billion till June 2018, according to consolidated DIPP figures

Banks to open more counters, work extra hours to exchange notes

Banks to open more counters, work extra hours to exchange notes

Rediff.com8 Nov 2016

Anticipating panic and rush at bank counters, the Reserve Bank of India as well as the government has set up control rooms in Mumbai and the national capital to avoid any crisis, Department of Economic Affairs Secretary Shaktikanta Das said.

Economy on a strong wicket; fundamentals sound: Jaitley

Economy on a strong wicket; fundamentals sound: Jaitley

Rediff.com24 Oct 2017

Economic Affairs secretary S C Garg said inflation has consistently come down since 2014 and will not cross 4 per cent this fiscal.

Nirmalaji must wield the whip. Often

Nirmalaji must wield the whip. Often

Rediff.com18 Feb 2021

'Let us hope that this Budget delivers.' 'It needs 10 per cent plus real GDP growth in 2021-22, the rebound year,' notes Omkar Goswami.

Monsoon Session: 14 bills ready to be tabled, govt promises discussion

Monsoon Session: 14 bills ready to be tabled, govt promises discussion

Rediff.com17 Jul 2022

After an all-party meeting in New Delhi, Parliamentary Affairs Minister Pralhad Joshi also said that some of these 32 bills have already been discussed by standing committees of Parliament.

Mediocre Hyderabad must rise and shine against Lucknow

Mediocre Hyderabad must rise and shine against Lucknow

Rediff.com3 Apr 2022

Sunrisers Hyderabad need a complete, all-round performance against Lucknow Super Giants in the IPL match on Monday to register their first win of the season.

'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.'

Investors queue up to rescue highway projects

Investors queue up to rescue highway projects

Rediff.com21 Jul 2016

Govt to chalk out entry of sovereign funds from Abu Dhabi, Qatar into such projects.

AGR woes: No decision on relief to telcos at crucial meet

AGR woes: No decision on relief to telcos at crucial meet

Rediff.com28 Feb 2020

Telecom companies have been desperately waiting for a bailout package from the government after a Supreme Court order put their statutory liabilities at Rs 1.47 lakh crore.

Centre to issue government securities without foreign limits soon

Centre to issue government securities without foreign limits soon

Rediff.com24 Feb 2020

While the FPI limit on most bond issues would not be raised above 6 per cent, there would be some in which there would be no limits, reports Arup Roychoudhury.

India's bullet train to travel 21 km under sea

India's bullet train to travel 21 km under sea

Rediff.com20 Apr 2016

The bullet train is expected to cover 508 km between Mumbai and Ahmedabad in about two hours.

PFRDA chief Yogesh Agarwal quits

PFRDA chief Yogesh Agarwal quits

Rediff.com13 Nov 2013

Following his resignation, the Finance Ministry has appointed Joint Secretary Anup Wadhawan as Chairman of the PFRDA.

BJP MLC Darekar booked in bank scam, din in Maha assembly

BJP MLC Darekar booked in bank scam, din in Maha assembly

Rediff.com15 Mar 2022

The complainant alleged that Darekar posed as a labourer, which was later found wrong.

Govt seeks Parl nod for Rs 1.07 lakh cr additional spend

Govt seeks Parl nod for Rs 1.07 lakh cr additional spend

Rediff.com14 Mar 2022

According to the third batch of supplementary demands for grants tabled in the Lok Sabha, approval is being sought for gross additional expenditure of over Rs 1.58 lakh crore.

'Sharp drop in gold import can help contain CAD'

'Sharp drop in gold import can help contain CAD'

Rediff.com1 Oct 2013

Gold imports had totalled 335.1 tonne in the April-June quarter, but have declined to 58.37 in the second quarter (up to September 25).

India still eyes World Bank loans

India still eyes World Bank loans

Rediff.com19 Aug 2013

Diplomatic channels activated to keep India eligible for soft loans from World Bank affiliate, though rules show it's probably time we made way for the needier others.

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.

Police raids home of Karachi suicide bomber's father

Police raids home of Karachi suicide bomber's father

Rediff.com28 Apr 2022

Pakistani security forces on Thursday raided the house of the father of the woman suicide bomber from Baloch Liberation Army (BLA) who blew herself up in Karachi University that killed three Chinese teachers and injured another.

It's tea with Modi again, this time for bureaucrats

It's tea with Modi again, this time for bureaucrats

Rediff.com1 Nov 2014

The setting is expected to be less structured than the prime minister's introductory mega meeting with top bureaucrats soon after taking charge as PM