News for 'Department of Economic'

Rs 23K crore electronics PLI scheme set to be rolled out in 3 weeks

Rs 23K crore electronics PLI scheme set to be rolled out in 3 weeks

Rediff.com9 Apr 2025

The government on Tuesday notified the Rs 22,919 crore scheme to promote domestic manufacturing of electronics components, display and camera modules, non-surface mount devices, multi-layer printed circuit boards and lithium-ion cells for digital applications, among others. The scheme is likely to be operationalised in the next 2-3 weeks.

How Ordinary Indians Defeated Pakistan's Evil Plan

How Ordinary Indians Defeated Pakistan's Evil Plan

Rediff.com4 Jun 2025

The real heroes of Operation Sindoor were not the armed forces or political leadership, but the ordinary citizens of India who refused to fall into the trap of communal provocation, asserts Colonel Anil A Athale (retd).

With India in fight against terrorism: US to Indian delegation

With India in fight against terrorism: US to Indian delegation

Rediff.com7 Jun 2025

A statement issued by State Department Spokesperson Tammy Bruce said Landau "reaffirmed the United States' strong support of India in the fight against terrorism and the strategic partnership between the two countries".

Which is the new battleground in tax disputes?

Which is the new battleground in tax disputes?

Rediff.com25 Jun 2025

In October 2024, Jindal Stainless challenged a Goods and Services Tax (GST) notice in the Delhi high court. It was about corporate guarantees issued to related parties by its former group company, Jindal Stainless (Hisar), before their merger in March 2023.

US To Indian Students: You Can Lose Your Visa If...

US To Indian Students: You Can Lose Your Visa If...

Rediff.com27 May 2025

'Violating the terms of your student visa can result in revocation, deportation and even long-term ineligibility for future US visas,' says the US embassy in India.

Hindi made 3rd language in Maharashtra, students can opt out

Hindi made 3rd language in Maharashtra, students can opt out

Rediff.com18 Jun 2025

An amended government order issued on Tuesday said Hindi will "generally" be the third language, instead of being mandatory, but gave an option to opt out if 20 students per grade in a school express the desire to study any Indian language other than Hindi.

Lesson from 2009: Early Monsoon, Not Always Good

Lesson from 2009: Early Monsoon, Not Always Good

Rediff.com2 Jun 2025

The last time the southwest monsoon arrived earlier than in 2025 -- that is, back in 2009 -- the rains lost steam after the early onset and ended the season with almost 23 per cent deficient rainfall, which was the lowest recorded average rainfall in several decades over India.

Iran shutting Hormuz Strait will impact Indian economy: Experts

Iran shutting Hormuz Strait will impact Indian economy: Experts

Rediff.com22 Jun 2025

The Israel-Iran conflict has entered a 'decisive phase' after the United States bombed three major Iranian nuclear sites Sunday morning, feel strategic affairs experts with some of them arguing it was Washington, DC's 'responsibility' to not get involved in the military standoff.

Singapore's ruling party sweeps back to power

Singapore's ruling party sweeps back to power

Rediff.com4 May 2025

Singapore's long-ruling People's Action Party (PAP), led by Prime Minister Lawrence Wong, has secured a landslide victory in the country's general election. The PAP won 87 of 97 seats, with voters endorsing the party's focus on stability and economic security amidst global uncertainties. Wong expressed gratitude for the strong mandate and vowed to tackle concerns about the cost of living and housing. The results mark a significant win for the PAP, which has been in power since Singapore's independence in 1965.

Arms dealer Bhandari opposes ED's fugitive plea in black money case

Arms dealer Bhandari opposes ED's fugitive plea in black money case

Rediff.com20 Apr 2025

Arms dealer Sanjay Bhandari has opposed the Enforcement Directorate's (ED) plea in a Delhi court seeking to declare him a "fugitive " in connection with a black money case. Bhandari claims his stay in the UK is legal as the London High Court denied his extradition to India. The court's decision was also cited by an English court in April to deny the Indian government's request to extradite another accused in a rice-buying scam. Bhandari's lawyer argued that the ED's application was "vague, misplaced and without jurisdiction " and that the value involved in the case was less than the required Rs 100 crore to declare someone a "fugitive. " The Delhi court has sought the ED's rebuttal to Bhandari's argument by May 3.

In a letter to PM, Rahul flags delay in scholarships

In a letter to PM, Rahul flags delay in scholarships

Rediff.com11 Jun 2025

Leader of Opposition in the Lok Sabha Rahul Gandhi has written to Prime Minister Narendra Modi flagging the 'deplorable' conditions in residential hostels for Dalit, ST, EBC, OBC and minority students and the delay in post-matric scholarships for those from marginalised communities.

Harvard's 788 Indian Students: What Next?

Harvard's 788 Indian Students: What Next?

Rediff.com23 May 2025

The Trump administration has revoked Harvard University's eligibility to enrol foreign students, raising concerns over the legal status of thousands of students, including nearly 800 from India, currently enrolled at the varsity.

'Full-Scale War Would Be Catastrophic'

'Full-Scale War Would Be Catastrophic'

Rediff.com9 May 2025

'India enjoys conventional superiority, but nuclear deterrence imposes clear boundaries.'

Meet Nirmalaji's Budget Team

Meet Nirmalaji's Budget Team

Rediff.com30 Jan 2025

This will be the first full-year Budget of the BJP-led National Democratic Alliance government since it came to power for a third consecutive term in July last year.

How Subramanian Swamy Escaped Arrest During The Emergency

How Subramanian Swamy Escaped Arrest During The Emergency

Rediff.com25 Jun 2025

'Is it right and proper for the US authorities to allow people like Subrahmanya Swamy [sic] go round the country preaching murder, violence, overthrow of the duly elected Government of India?' A fascinating excerpt from Sugata Srinivasaraju's The Conscience Network: A Chronicle of Resistance to a Dictatorship.

Can China Successfully Challenge The US?

Can China Successfully Challenge The US?

Rediff.com16 Apr 2025

If Beijing succeeds in this multipronged effort to challenge the current dominant power, it will have not just economic but political and security consequences. There is no let-up in the South China Sea nor any de-escalation moves on the India-China border. This portends to ominous signalling from Beijing, observes China expert Srikanth Kondapalli.

Piyush Goyal on ongoing talks for trade pact with US

Piyush Goyal on ongoing talks for trade pact with US

Rediff.com2 Jun 2025

India and the US desire to give preferential market access to each other's businesses and teams of both the countries are working together on the proposed bilateral trade agreement, Commerce Minister Piyush Goyal has said. In February, US President Donald J Trump and Prime Minister of India Narendra Modi announced plans to negotiate the first tranche or phase of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall (September-October) of 2025.

'I've No Desire To Be Prime Minister'

'I've No Desire To Be Prime Minister'

Rediff.com4 Jul 2025

'I am not an aspiration-oriented politician.' 'This is the time to redefine politics.' 'Politics of power is not real politics.'

Why Modi's visit to Sri Lanka is important

Why Modi's visit to Sri Lanka is important

Rediff.com4 Apr 2025

Prime Minister Narendra Modi is set to visit Sri Lanka, where he will hold talks with President Anura Kumara Dissanayake and strengthen ties through agreements on defence, energy security, and digitalisation. This visit aims to further bolster the already strong relationship between the two nations and is expected to include several outcomes, including a defence cooperation agreement, debt restructuring, and a currency swap. This visit comes at a time when Sri Lanka is recovering from an economic crisis, where India played a significant role in providing financial assistance.

'Asim Munir's Aspiration Is Longevity'

'Asim Munir's Aspiration Is Longevity'

Rediff.com22 May 2025

'Munir hopes to solidify his hold on power.'

USAID funded 7 projects in India not related to voter turnout: Govt

USAID funded 7 projects in India not related to voter turnout: Govt

Rediff.com23 Feb 2025

The Finance Ministry's annual report has revealed that the US Agency for International Development (USAID) funded seven projects worth USD 750 million in India during the 2023-24 fiscal year. The projects, implemented in partnership with the Indian government, cover areas like agriculture and food security, water and sanitation, renewable energy, disaster management, health, sustainable forests, and climate adaptation. This disclosure comes amidst controversy over USAID's alleged role in influencing Indian elections, with claims that the agency allocated USD 21 million to India for 'voter turnout'. However, the report clarifies that no funds were dedicated to enhancing voter turnout.

Herald case: Political damage fear drove YI, AJL donations, alleges ED

Herald case: Political damage fear drove YI, AJL donations, alleges ED

Rediff.com23 May 2025

The Enforcement Directorate (ED) has alleged that some Congress leaders pressured individuals to donate funds to the Young Indian and Associated Journals Limited (AJL) on instructions from senior party functionaries. The ED's chargesheet in the National Herald case claims that these individuals made payments to the company "under the influence" from senior leaders who promised them "certain favours" in party politics. The chargesheet, filed on April 9 before a local court, names Sonia Gandhi and Rahul Gandhi as accused, along with five others, under the Prevention of Money Laundering Act (PMLA). The agency alleges that these donations were not made voluntarily but in expectation of political benefits. The ED also found that YI and AJL received funds from various entities through "quid pro quo" arrangements, where individuals were asked to make payments for advertisements in the National Herald in exchange for past favours from Congress leaders.

Finance Secretary TK Pandey is new Sebi chairman

Finance Secretary TK Pandey is new Sebi chairman

Rediff.com28 Feb 2025

The Indian government has appointed Finance Secretary Tuhin Kanta Pandey as the new chairman of the Securities and Exchange Board of India (SEBI). Pandey, a 1987-batch IAS officer, will replace Madhabi Puri Buch, whose three-year tenure ends on February 28. Pandey's appointment comes at a time when the markets are experiencing bear pressure due to withdrawals by foreign institutional investors (FIIs). Pandey has extensive experience in the finance ministry, having served as the longest-serving secretary in the Department of Investment and Public Asset Management (DIPAM) and the Department of Public Enterprises (DPE). He also played a key role in the framing of the 2025-26 Budget and the drafting of the new Income Tax Bill. Pandey's appointment is for an initial period of three years.

Military Action Must For Pakistan's Thousand Cuts Strategy

Military Action Must For Pakistan's Thousand Cuts Strategy

Rediff.com9 Jun 2025

We have nothing to gain by raising our concerns internationally as our narrative has got entangled with several controversial concepts in the United Nations, asserts Ambassador T N Sreenivasan.

Why Stalin Is Pushing Keeladi Over Indus Valley

Why Stalin Is Pushing Keeladi Over Indus Valley

Rediff.com2 Jun 2025

'It has the potential to sow seeds of furthering discord when the direction of the discourse is aimed at propagating the perceived supremacy of 'cultural nationalism' from a distant past over the prevailing dominance of 'Constitutional nationalism',' argues N Sathiya Moorthy.

Another batch of Indian troops to depart Maldives this month: Muizzu

Another batch of Indian troops to depart Maldives this month: Muizzu

Rediff.com3 Apr 2024

Following a high-level meeting in New Delhi on February 2 between the two sides, India agreed to replace its military personnel operating the three aviation platforms in the Maldives by May 10. The first batch left the island nation well before March 10.

'No Politics When It Comes To The Country's Finances'

'No Politics When It Comes To The Country's Finances'

Rediff.com2 Apr 2025

'Each state is unique, but when it comes to finance, the fundamentals cannot be different.'

Flight To Fortune: How Assad Spirited Away Syria's Wealth To Russia

Flight To Fortune: How Assad Spirited Away Syria's Wealth To Russia

Rediff.com21 Apr 2025

As Damascus teetered, Assad's aide orchestrated a shadowy airlift, spiriting millions and secrets to Russia, paving his own escape route.

China calls for 'lasting ceasefire', backs Pakistan

China calls for 'lasting ceasefire', backs Pakistan

Rediff.com21 May 2025

China on Tuesday called for a 'comprehensive and lasting ceasefire' between India and Pakistan, urging both countries to properly handle their differences through dialogue.

Epstein files, Impeachment: Trump-Musk feud gets nastier

Epstein files, Impeachment: Trump-Musk feud gets nastier

Rediff.com6 Jun 2025

The feud reached its peak when Musk made explosive allegations about Trump's connection to disgraced financier Jeffrey Epstein, marking a dramatic escalation in their increasingly personal conflict.

How Will Trump Change The World On April 2?

How Will Trump Change The World On April 2?

Rediff.com1 Apr 2025

We have entered a new era in human history, asserts Aakar Patel.

Outlook gloomy for corporate share in direct tax mopup

Outlook gloomy for corporate share in direct tax mopup

Rediff.com19 Apr 2025

Companies may foot less of the tax bill for some time yet. The corporate share of net direct tax collections has been lower in 2024-25 than in previous years. The corporate segment accounted for 45.6 per cent of total net direct tax collections as of March 16, compared to 48.1 per cent on the same date in 2023-24 (FY24).

'I Expect More Disasters To Happen'

'I Expect More Disasters To Happen'

Rediff.com16 Jun 2025

'Even one accident can cause problems for the entire coastal system.'

When a German torpedo sank Dr Ambedkar's PhD thesis

When a German torpedo sank Dr Ambedkar's PhD thesis

Rediff.com14 Apr 2025

A new book details how a German submarine torpedoed the ship carrying B.R. Ambedkar's PhD dissertation and a vast collection of books during World War I. This setback did not deter the Dalit icon and architect of India's Constitution, who went on to earn multiple doctorates.

Soros connection? US lawmaker challenges Adani probe

Soros connection? US lawmaker challenges Adani probe

Rediff.com8 Jan 2025

Challenging the decision of the Biden Administration to investigate the activities of Indian billionaire Gautam Adani and his companies, an influential Republican lawmaker on Tuesday said such selective actions risk damaging critical alliance partners.

Modi Eyes Trade Revival Talks With Trump

Modi Eyes Trade Revival Talks With Trump

Rediff.com13 Feb 2025

Ahead of the visit, officials from key government departments held intense discussions to identify key trade-related proposals.

After 3 years, a bureaucrat to head Sebi

After 3 years, a bureaucrat to head Sebi

Rediff.com28 Feb 2025

Seasoned bureaucrat and a stickler for rules Finance Secretary Tuhin Kanta Pandey will be at the helm of capital market regulator, Securities and Exchange Board of India (SEBI), for three years. The 1987-batch Odisha-cadre Indian Administrative Service (IAS) officer, Pandey, would replace Madhabi Puri Buch, whose three-year term ends on Friday.

'Retaliatory Tariffs By Us Won't Hurt US'

'Retaliatory Tariffs By Us Won't Hurt US'

Rediff.com22 Apr 2025

'When Prime Minister Modi met President Trump, they agreed to initiate a bilateral trade dialogue.' 'It makes sense to give these negotiations a chance.'

GST mop-up rises 12% to Rs 1.96 lakh cr in January

GST mop-up rises 12% to Rs 1.96 lakh cr in January

Rediff.com1 Feb 2025

Gross GST revenue rose 12.3 per cent to Rs 1.96 lakh crore in January on higher domestic economic activity, government data showed on Saturday. This includes 10.4 per cent growth in revenue from sale of goods and services domestically at Rs 1.47 lakh crore and 19.8 per cent rise in tax revenue from imported goods at Rs 48,382 crore.

How Adani Countered Hindenburg And Made The Boldest Comeback

How Adani Countered Hindenburg And Made The Boldest Comeback

Rediff.com22 Apr 2025

Hindenburg Research, the forensic financial firm that challenged the Adani Group, took its name from the infamous airship that burst into flames upon arriving in New Jersey in 1937. And the counter to its damning report against the conglomerate was dubbed 'Operation Zeppelin,' named after the German dirigible airships used for reconnaissance and bombing during the First World War.