News for 'Department of Economic'

'Tata, Mahindra Will Not Allow Tesla to Dominate'

'Tata, Mahindra Will Not Allow Tesla to Dominate'

Rediff.com28 Feb 2025

'Every Indian should move to an EV, and the government should not buy any fossil fuel cars. The government should become the first driver of EV adoption.'

UP bank staffer collapses in office, dies

UP bank staffer collapses in office, dies

Rediff.com25 Sep 2024

The cause of the woman's death is yet to be ascertained.

'Easing US-China Tension May Benefit India'

'Easing US-China Tension May Benefit India'

Rediff.com19 Feb 2025

'A less tense US-China relationship would make Beijing less likely to provoke India -- including on the border -- in retaliation for its close defence ties with the US.'

How Dr Singh Changed Stockmarkets

How Dr Singh Changed Stockmarkets

Rediff.com28 Dec 2024

'He will be remembered more for what he did as finance minister -- as someone who functioned well when the political fallout was taken care of.'

Where Would India Be Without Dr Singh?

Where Would India Be Without Dr Singh?

Rediff.com27 Dec 2024

What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.

Why Cong didn't attend Manmohan Singh's 'Asthi Visarjan'

Why Cong didn't attend Manmohan Singh's 'Asthi Visarjan'

Rediff.com30 Dec 2024

The Congress party on Monday defended its decision not to accompany the family of former Prime Minister Manmohan Singh during the immersion of his ashes in the Yamuna, stating it was to ensure their privacy. Congress leader Pawan Khera said senior leaders did not accompany the family to gather and immerse the ashes of Dr Singh "out of our deference to the privacy of the family."

Fiscal-monetary coordination at its best in last six years: RBI Governor Shaktikanta Das

Fiscal-monetary coordination at its best in last six years: RBI Governor Shaktikanta Das

Rediff.com10 Dec 2024

Reserve Bank Governor Shaktikanta Das on Tuesday said the fiscal-monetary coordination was at its best during the last six years even as he thanked Prime Minister Narendra Modi for giving the opportunity to head the monetary authority of the country. Das, in a series of posts on X, on his last day of his six-year term as RBI Governor, also thanked the Finance Minister, various stakeholders and his colleagues at the central bank.

Will budget for agri research get a big boost this year?

Will budget for agri research get a big boost this year?

Rediff.com28 Jan 2025

Several leading scientists, academicians, and agriculturalists have called for raising government support for research and development to make Indian agriculture future-ready.

Sudhir Ghosh: The MP Who Foresaw Quad

Sudhir Ghosh: The MP Who Foresaw Quad

Rediff.com17 Mar 2025

After the 1962 War with China, there was a demand to forge greater defence cooperation between India and the West. One such voice was that of Sudhir Ghosh, a distinguished MP, to tie up strategic cooperation with the USA immediately after the Chinese attack on India, recalls Rup Narayan Das.

'Murderers Are The Most Reliable People'

'Murderers Are The Most Reliable People'

Rediff.com19 Feb 2025

'It would be difficult for us to run jails if it wasn't for murderers.'

Colombia agrees to take back migrants, Trump pauses tariffs

Colombia agrees to take back migrants, Trump pauses tariffs

Rediff.com27 Jan 2025

US President Donald Trump has imposed tariffs and a travel ban on Colombia after the South American nation refused to accept two American military planes deporting undocumented Colombians. The move comes after President Trump announced mass deportations of illegal immigrants and warned countries of consequences if they refuse to accept them. Colombian President Gustavo Petro, in a post on X, said that the US cannot treat Colombian migrants as criminals and denied the entry of American planes carrying Colombian migrants into Colombian territory. Trump responded by imposing a 25% tariff on all goods coming into the US, a travel ban and immediate visa revocations on Colombian government officials, and visa sanctions on all party members, family members and supporters of the Colombian government. The US also announced enhanced customs and border protection inspections of all Colombian nationals and cargo on national security grounds. In retaliation, Colombia announced a 25% import tariff on American products.

Our ties shouldn't be transactional, says outgoing US envoy

Our ties shouldn't be transactional, says outgoing US envoy

Rediff.com20 Jan 2025

Richard Verma, the highest-ranking Indian-American official in the State Department, has expressed optimism about the future of US-India ties and emphasized the need to base the relationship on shared values rather than mere transactional dealings. Verma, who previously served as America's Ambassador to India, stressed the importance of the Quad in defending the international order, highlighting its shared commitment to a free and open Indo-Pacific.

76th Republic-Day Parade: India displays military might, cultural diversity

76th Republic-Day Parade: India displays military might, cultural diversity

Rediff.com26 Jan 2025

India's rich cultural diversity, military prowess, economic progress and the strides it has taken in sectors, such as science and technology, were on full display at the 76th Republic-Day celebrations on Kartavya Path on Sunday, in the presence of Indonesian President Prabowo Subianto.

Survey on how India can build quality infrastructure

Survey on how India can build quality infrastructure

Rediff.com22 Jul 2024

A higher level of private sector financing and resource mobilisation from new sources will be crucial for India to build quality infrastructure, according to the Economic Survey 2023-24. The Economic Survey 2023-24 was tabled in Parliament by Finance Minister Nirmala Sitharaman on Monday.

Over 2,000 cases of attack against Hindus in Bangladesh: Report

Over 2,000 cases of attack against Hindus in Bangladesh: Report

Rediff.com13 Dec 2024

The Centre for Democracy, Pluralism and Human Rights (CDPHR) on Friday presented a report on the state of minorities in Bangladesh following the ouster of Prime Minister Sheikh Hasina in August 2024.

Priyank Kharge's close aide among 6 booked for plot to kill BJP MLA

Priyank Kharge's close aide among 6 booked for plot to kill BJP MLA

Rediff.com29 Dec 2024

A case has been registered against Raju Kapanur, a close aide of Karnataka Minister Priyank Kharge, and five others in connection with a conspiracy to kill BJP MLA Basavaraj Mattimadu and other leaders. The case was registered based on a suicide note by a civil contractor, Sachin Panchal, who accused Kapanur and his aides of making death threats. The BJP has demanded that the case be handed over to the CBI, while Priyank Kharge has denied the allegations and accused the BJP of politicising Sachin's death.

'We Expect Everyone Will Shift To New Tax Regime Now'

'We Expect Everyone Will Shift To New Tax Regime Now'

Rediff.com2 Feb 2025

'Nearly 10 million people will benefit from the increase in the rebate limit for those earning up to Rs 12 lakh.' 'We expect all that money will come back into the economy in either savings, consumption, or investments.'

Govt appoints three new external RBI MPC members

Govt appoints three new external RBI MPC members

Rediff.com1 Oct 2024

The government on Tuesday appointed three external members -- Ram Singh, Saugata Bhattacharya and Nagesh Kumar -- to the RBI's rate-setting Monetary Policy Committee for four years. The central government has reconstituted the Monetary Policy Committee (MPC) of RBI, the finance ministry said in a statement. Ram Singh is the director of the Delhi School of Economics, Saugata Bhattacharya is an economist, and Nagesh Kumar is the director and Chief Executive, Institute for Studies in Industrial Development, New Delhi.

Why gold import computation went wrong

Why gold import computation went wrong

Rediff.com9 Jan 2025

The government's initiative to migrate SEZ data from NSDL software to ICEGATE system for streamlined reporting of import data caused double counting of gold imports, resulting in inflated figures and the issue has now been largely rectified, government sources said. The downward revision has provided the actual picture of trade deficit (difference between imports and exports), which was earlier looking very high. The deficit for November will now be revised downwards from $37.84 billion to about $32.8 billion. Similarly, there will be a revision in overall import numbers as well.

Civil services, armed forces must unite against cyberattacks: President Murmu

Civil services, armed forces must unite against cyberattacks: President Murmu

Rediff.com1 Oct 2024

President Droupadi Murmu on Tuesday said cyberattacks have emerged as a major threat to national security and the civil services and armed forces must join hands to create a secure nationwide system capable of thwarting them.

Young Indian Leaders Shine at WEF 2025

Young Indian Leaders Shine at WEF 2025

Rediff.com23 Jan 2025

Barring a few, such as Andhra Pradesh Chief Minister N Chandrababu Naidu (74), Union Minister C R Patil (69) and Uttar Pradesh Finance Minister Suresh Khanna (71), most other ministers attending the WEF represent the next generation of India's politicians.

India, China to resume Mansarovar Yatra, direct flights

India, China to resume Mansarovar Yatra, direct flights

Rediff.com28 Jan 2025

India and China on Monday decided to resume the Kailash Mansarovar Yatra as the two sides agreed to take certain people-centric steps to 'stabilise and rebuild' ties.

New RBI Guv promises to do 'what is best for the economy'

New RBI Guv promises to do 'what is best for the economy'

Rediff.com11 Dec 2024

A day after his appointment as the 26th governor of the Reserve Bank of India (RBI), outgoing Revenue Secretary Sanjay Malhotra on Tuesday said one must understand the economic landscape and do what was best for the economy. "Let me first go, join, understand the turf ... Here it is a different role," Malhotra said, speaking to reporters in front of North Block.

'Prime Minister Modi Has Been Fiscally Conscious'

'Prime Minister Modi Has Been Fiscally Conscious'

Rediff.com5 Feb 2025

'Spend, but create assets, spend but make sure that people benefit from it.' 'This has been a beautiful guiding principle. And I think as a finance minister I owe so much to the prime minister for keeping this path clear before us.'

Liberalization: How Dr Singh Convinced Narasimha Rao

Liberalization: How Dr Singh Convinced Narasimha Rao

Rediff.com2 Jan 2025

'I had to persuade him. I think he was a sceptic to begin with, but later on he was convinced that what we were doing was the right thing to do, that there was no other way out.'

Jalgaon: Train crushes 12 as fire rumour scrambles passengers

Jalgaon: Train crushes 12 as fire rumour scrambles passengers

Rediff.com23 Jan 2025

At least 12 passengers were killed on Wednesday evening when they jumped from their train in panic due to a 'fire incident', only to be run over by another train on the adjacent tracks in North Maharashtra's Jalgaon district, officials said.

'Modi Bought A Reprieve, Not A Resolution'

'Modi Bought A Reprieve, Not A Resolution'

Rediff.com18 Feb 2025

'Modi's intention was to create goodwill that will allow India to be seen by Trump as more than just a bad tariff problem.' 'He succeeded brilliantly on that count but none of these wins are unfortunately permanent.' 'Modi will have to do this again and again if Trump's grievances are to be durably assuaged.'

Meet Nirmalaji's Core Budget Team

Meet Nirmalaji's Core Budget Team

Rediff.com23 Jul 2024

The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.

India will do...: Trump discusses migrant row with Modi

India will do...: Trump discusses migrant row with Modi

Rediff.com28 Jan 2025

President Trump made these remarks on Monday while talking to reporters aboard Air Force One on his way back to Joint Base Andrews from Florida.

Canada FDI has more than doubled since pandemic

Canada FDI has more than doubled since pandemic

Rediff.com23 Oct 2024

Canada's foreign direct investment (FDI) into India doubled after the pandemic years even as India's own investments into Canada show signs of slackening in recent years. The cumulative equity FDI inflows from Canada rose from $1.8 billion in March 2019 to $3.9 billion in March 2024, shows data from the Department for Promotion of Industry and Internal Trade (DPIIT). The overall share is up from 0.42 per cent to 0.57 per cent during the same period, suggesting that Canadian FDI grew faster than overall FDI during this period

UAE to address India concerns on imports

UAE to address India concerns on imports

Rediff.com16 Oct 2024

The United Arab Emirates (UAE) has agreed to look into India's concerns over compliance to rules related to the import of silver products, platinum alloy and dry dates, the commerce department said on Tuesday. During a joint committee meeting under the India-UAE trade deal, officials from New Delhi raised concerns over the recent surge in imports of these products. These were being shipped to India, taking advantage of the lower tariffs under the pact.

Pravasi Bharatiya Divas: Engaging The Indian Diaspora Is A Must

Pravasi Bharatiya Divas: Engaging The Indian Diaspora Is A Must

Rediff.com8 Jan 2025

The Indian Diaspora has been able to carve a niche in their adopted countries as a result of their talent, perseverance and hardworking nature, asserts Rup Narayan Das.

Trump 47: Disruptor Or Savvy Dealmaker?

Trump 47: Disruptor Or Savvy Dealmaker?

Rediff.com21 Jan 2025

Donald Trump's exaggerated opinion of his dealmaking capacity can get him into trouble, observes R Sriram.

Why Tharoor Gives The Congress A Headache

Why Tharoor Gives The Congress A Headache

Rediff.com24 Feb 2025

The Kerala unit of the Congress instantly gets a headache when Shashi Tharoor lets loose one of his observations showering flowers on enemy territory. With every such action triggering controversy within a nervous Congress party, some feel it is high time Tharoor showed a degree of solidarity with the ideals of his party, notes Shyam G Menon.

'Economic rebound has run out of steam'

'Economic rebound has run out of steam'

Rediff.com9 Mar 2023

'When the average growth in the last three years was just 2.5%, how does that make us the fastest growing country?' 'They only tell you what has happened in the last 2 years; they are not taking into account what happened in FY21 on account of their mistakes.'

Warning! Trump 2.0 Will Be Very Different

Warning! Trump 2.0 Will Be Very Different

Rediff.com8 Jan 2025

'Trump has no more elections to fight and his soaring ambition, which is no secret, will be to carve out a presidential legacy that outshines by far all his mediocre predecessors.' 'Trump's turnaround on the H-1B visa debate shows that he can take tough decisions and there are no holy cows in his domain,' asserts Ambassador M K Bhadrakumar.

Budget Prepares For Rise In Cancer Cases

Budget Prepares For Rise In Cancer Cases

Rediff.com3 Feb 2025

Do we have enough trained oncologists and medical professionals in India to man these over 4,500 beds in the public sector?

'Musk, Vivek biggest threat for China'

'Musk, Vivek biggest threat for China'

Rediff.com24 Nov 2024

United States President-elect Donald Trump's plan to overhaul the government with a new department headed by tech billionaire Elon Musk and Indian-origin entrepreneur Vivek Ramaswamy will be a biggest threat for China as it has to compete with far more efficient US political system, a policy advisor to the Chinese government said.

Adani opts out of US funding for Colombo Port project

Adani opts out of US funding for Colombo Port project

Rediff.com11 Dec 2024

Billionaire Gautam Adani's group has pulled out of a loan deal with a US agency to fund a port terminal in Sri Lanka, saying it will use its own resources for the project. In an exchange filing late on Tuesday, Adani Ports and Special Economic Zone Ltd (APSEZ) said the project "is on track for commissioning by early next year". "The project will be financed through the company's internal accruals and capital management plan," the firm said.

Agri GVA stands out on strong monsoon

Agri GVA stands out on strong monsoon

Rediff.com2 Dec 2024

Amid low growth elsewhere, gross value added (GVA) growth in agriculture and allied activities recovered during the second quarter of the current financial year (Q2FY25) to 3.5 per cent year-on-year (Y-o-Y) due to strong monsoon. Experts feel that the rains have laid the foundation of an even better GVA performance in subsequent quarters. GVA growth in the first quarter of FY25 was 2.0 per cent.