News for 'Department of Economic'

Revamped SEZ law unlikely before the upcoming Lok Sabha elections

Revamped SEZ law unlikely before the upcoming Lok Sabha elections

Rediff.com24 Feb 2024

The revamped Special Economic Zone (SEZ) law is unlikely to see the light of the day before the upcoming Lok Sabha elections, two people aware of the matter said. The commerce department had sought the Union Cabinet's nod to bring amendments to the existing SEZ Act, 2005 late last year. The plan, thereafter, was to introduce the Bill in the winter session of Parliament. Cabinet's approval remains pending.

UPSC cracks down on IAS officer Puja Khedkar, files FIR for forgery

UPSC cracks down on IAS officer Puja Khedkar, files FIR for forgery

Rediff.com19 Jul 2024

Khedkar, a 2023 batch Indian Administrative Service officer, was accused of misusing power and privileges during her training in Pune recently.

Over 6,900 corruption cases probed by CBI pending

Over 6,900 corruption cases probed by CBI pending

Rediff.com2 Sep 2024

Over 6,900 corruption cases probed by the Central Bureau of Investigation were pending trials in different courts, 361 for more than 20 years, according to the latest annual report of the Central Vigilance Commission (CVC). Besides, as many as 658 corruption cases were pending CBI investigation, 48 for more than five years.

Budget: Time To Bet On Big Ideas

Budget: Time To Bet On Big Ideas

Rediff.com16 Jul 2024

The generation of quality jobs and skill development should be the focal point, cutting across ministries and departments, asserts Nivedita Mookerji.

Nirmala Sitharaman and her team decode the fine prints of Budget 2024

Nirmala Sitharaman and her team decode the fine prints of Budget 2024

Rediff.com24 Jul 2024

Union Finance Minister Nirmala Sitharaman, along with her team of bureaucrats, delved into the fine print of the 2024-25 Budget documents in a press conference, detailing the government's road map on bringing down the debt-to-GDP ratio and bold tax measures.

J&K First-Time Voters Will Be Deciding Factor

J&K First-Time Voters Will Be Deciding Factor

Rediff.com17 Sep 2024

'The lack of opportunities here remains the biggest worry.' 'We have seen investment summits, but if you look around, much of it is only on paper and not on the ground.'

Meet The *Real* Stars Of Sholay

Meet The *Real* Stars Of Sholay

Rediff.com21 Aug 2024

Salim-Javed became the first Hindi film writers who could be considered brands, and they are still boldface names, celebrities in their own right, chronicles Dinesh Raheja.

CID to probe sex assault case against Prajwal Revanna's brother

CID to probe sex assault case against Prajwal Revanna's brother

Rediff.com23 Jun 2024

A 27 year-old man had complained to the police that Suraj Revanna, the eldest son of Holenarasipura MLA H D Revanna, sexually abused him at his farmhouse in Ghannikada on June 16.

Modi-Putin summit: 'No solution on battlefield'

Modi-Putin summit: 'No solution on battlefield'

Rediff.com9 Jul 2024

Ahead of Modi-Putin talks, the US called upon India to make it clear to Russia that any resolution of the Ukraine conflict must respect the United Nations charter and Ukraine's territorial integrity and sovereignty.

Cong govt issues order for caste survey in Rajasthan

Cong govt issues order for caste survey in Rajasthan

Rediff.com8 Oct 2023

Ahead of the assembly polls in Rajasthan, the Congress government on Saturday night issued an order for the conduct of a caste survey in the state.

Foxconn Betting Big on South India

Foxconn Betting Big on South India

Rediff.com19 Aug 2024

Foxconn's business in India has grown to over $10 billion till 2024.

Economic activity remains weak: RBI

Economic activity remains weak: RBI

Rediff.com20 Feb 2020

India's economic growth is estimated to have slowed down to 11-year low of 5 per cent during the current financial year ending March 2020.

China Threat Leads India Japan To Boost Defence Ties

China Threat Leads India Japan To Boost Defence Ties

Rediff.com22 Aug 2024

The compulsion behind India and Japan to deepen security cooperation is in response to China's growing political and economic clout and its assertive behaviour in disputed areas. This has been the key driver for bringing both India and Japan closer in the domain of security cooperation, explains Dr Rajaram Panda.

BSc Math Or BTech: Which Is Better?

BSc Math Or BTech: Which Is Better?

Rediff.com7 Aug 2024

Dr Dipankar Dutta will answer your questions related to preparing for a career in engineering or technology.

Centre to revise SEZ Act, limiting tax sops and enhancing integration

Centre to revise SEZ Act, limiting tax sops and enhancing integration

Rediff.com16 Nov 2023

The Centre is unlikely to offer new direct tax incentives for units operating in special economic zones (SEZs) and may instead allow the grandfathering of previous exemptions that such units were entitled to, according to proposed amendments to the SEZ Act, 2005, people aware of the matter said. The amendments, proposed by the commerce department, will soon be considered by the Cabinet for approval. This represents a departure from the department's earlier plan to introduce these changes through the Development Enterprises and Services Hubs (DESH) Bill, 2023, which faced strong criticism from the ministry of finance.

Lal Salaam, Comrade Buddhadeb

Lal Salaam, Comrade Buddhadeb

Rediff.com9 Aug 2024

He was reviled by critics in his party as a neo-liberal in disguise but till the end, he retained his belief in secularism and the humanity of Communism.

Over 7,200 Indian students return home post Bangladesh unrest: Govt

Over 7,200 Indian students return home post Bangladesh unrest: Govt

Rediff.com9 Aug 2024

The high commission of India in Dhaka and the assistant high commissions in Chittagong, Rajshahi, Sylhet and Khulna have been assisting in the voluntary return of Indian nationals, he said.

India's population to peak in 2060s at 1.7bn before declining: UN

India's population to peak in 2060s at 1.7bn before declining: UN

Rediff.com12 Jul 2024

India's population is projected to peak in the early 2060s at about 1.7 billion and then decline by 12 per cent, but the country will remain the world's most populous throughout the century, the United Nations has said.

Day 2: South Africa fight back after India's record total

Day 2: South Africa fight back after India's record total

Rediff.com29 Jun 2024

The Proteas began on a convincing note with the bat and remained safe at 29 for no loss at the lunch break.

Siddaramaiah Goes Backfoot On Local Quota Bill

Siddaramaiah Goes Backfoot On Local Quota Bill

Rediff.com18 Jul 2024

Sources within the Congress, including those who have been members of the teams that drafted its 2019 and 2024 Lok Sabha poll manifestos, said the Karnataka government decision lacked any empirical basis.

After UP, Uttarakhand implements kanwar route eatery order

After UP, Uttarakhand implements kanwar route eatery order

Rediff.com19 Jul 2024

An Uttar Pradesh government spokesperson said a formal order for all eateries along the Kanwar Yatra route in the state was likely to be issued soon.

5 more held in Bihar over NEET-UG irregularities; total arrests rise to 18

5 more held in Bihar over NEET-UG irregularities; total arrests rise to 18

Rediff.com23 Jun 2024

The statement implicated members of the Mukhiya gang, accused of orchestrating multiple interstate paper leaks, as the source of the leaked answer sheet.

NEET row: NTA DG shunted out; Centre orders CBI probe

NEET row: NTA DG shunted out; Centre orders CBI probe

Rediff.com23 Jun 2024

The Centre on Saturday night announced that the probe into alleged irregularities in the medical entrance exam NEET will be handed over to the CBI for a comprehensive investigation.

Rs 15 Trillion In Direct Taxes Comes Via Automatic Route

Rs 15 Trillion In Direct Taxes Comes Via Automatic Route

Rediff.com14 Feb 2024

96 per cent is being collected through TDS, advance tax, self-assessment tax, and other receipts.

'Can We In Our Businesses Set An Example?'

'Can We In Our Businesses Set An Example?'

Rediff.com10 Oct 2024

'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'

Saurabh Netravalkar And The H-1B Dream

Saurabh Netravalkar And The H-1B Dream

Rediff.com11 Jul 2024

The US needs to understand that it could potentially lose out on attracting several Netravalkars in the future if it curbs the influx of such industrious Indian immigrants, argues Vishal Menon.

Stimulus package for economic revival 'inadequate': Par panel

Stimulus package for economic revival 'inadequate': Par panel

Rediff.com28 Jul 2021

The stimulus package announced by the government for the revival of the pandemic-hit economy has been found to be "inadequate", according to a Parliamentary panel report. The report of the department-related Parliamentary Standing Committee on Industry on the impact of COVID-19 pandemic on micro, small and medium enterprises (MSME) sector has noted that in the process of economic recovery post-first wave of the pandemic, the second wave has even more vigorously ripped the economy particularly the MSME sector. "The committee observes that the stimulus package announced by the government for the economic revival from the pandemic hit economy has been found to be inadequate as the measures adopted were more of loan offering and long-term measures instead of improving the cash flow to generate demand as immediate relief," it said.

Women employees may now nominate children for family pension

Women employees may now nominate children for family pension

Rediff.com29 Jan 2024

In a path-breaking decision with far-reaching socio-economic impact, the Centre has allowed woman employees to nominate her son or daughter for family pension, instead of her husband, according to an official statement issued on Monday.

Family pension: Major decision for women employees

Family pension: Major decision for women employees

Rediff.com29 Jan 2024

In a path-breaking decision with far-reaching socio-economic impact, the Centre has allowed woman employees to nominate her son or daughter for family pension, instead of her husband, according to an official statement issued on Monday. Previously, family pension was granted to the spouse of a deceased government servant or pensioner, while other family members became eligible only after the spouse's ineligibility or demise, the statement said. Union Minister of State for Personnel Jitendra Singh said that the Department of Pensions and Pensioners' Welfare (DoPPW) has introduced an amendment to the Central Civil Services (Pension) Rules, 2021, allowing female government employees or pensioners to grant family pension to their eligible child/children after their own demise, in place of of their spouse.

CBI files FIR over NEET-UG irregularities, to take over Bihar, Gujarat cases

CBI files FIR over NEET-UG irregularities, to take over Bihar, Gujarat cases

Rediff.com23 Jun 2024

They said the agency is also taking steps to bring under its ambit cases registered in various states by the police.

Govt seeks India Inc's view on economic revival

Govt seeks India Inc's view on economic revival

Rediff.com22 Apr 2020

Officers across departments and ministries have been asked to speak to people across sectors for 'SWOT' analysis of issues for revival of the economy.

India takes first steps to meet 2070 net-zero goal, Niti Aayog forms panels

India takes first steps to meet 2070 net-zero goal, Niti Aayog forms panels

Rediff.com1 Jul 2024

Three years after India declared its goal to become a net-zero economy by 2070, the policy design for achieving the target has begun, with the NITI Aayog forming dedicated multi-sectoral committees to prepare a transition plan. In 2021, India joined a select group of nations that set a target year for becoming net-zero carbon economy. At COP26 in Glasgow, Prime Minister Narendra Modi outlined a five-pronged 'Panchamitra' climate action target for India and committed to a net-zero target by 2070, joining nations like the US, the UK, and China.

Abe Shinzo: A giant departs Japanese politics

Abe Shinzo: A giant departs Japanese politics

Rediff.com29 Aug 2020

'There shall be no change in India-Japan ties,' predicts Rajaram Panda.

Muted spectrum auction sees telcos placing bids worth Rs 11,000 cr

Muted spectrum auction sees telcos placing bids worth Rs 11,000 cr

Rediff.com26 Jun 2024

The auction of radio waves used for mobile services saw a muted opening on Tuesday, with five rounds attracting bids worth about Rs 11,000 crore from telecom companies. The government has put over 10,500 Mhz spectrum in eight frequency bands -- 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz and 26 GHz, valued at Rs 96,238 crore at base price, for auction.

Govt seeks Parl nod for additional Rs 2 lakh cr spend

Govt seeks Parl nod for additional Rs 2 lakh cr spend

Rediff.com5 Feb 2024

The supplementary demands for grants include a gross additional spending of over Rs 2 lakh crore, which would be matched by savings of over Rs 1.21 lakh crore.

Happy and proud: Nobel Economics prize winner's mother

Happy and proud: Nobel Economics prize winner's mother

Rediff.com14 Oct 2019

"I am very happy and proud of his achievements. I am yet to speak to him. I think he must be sleeping as it's still night in the United States," she said.

Govt enhances financial powers of ministers, departments

Govt enhances financial powers of ministers, departments

Rediff.com28 Jun 2016

Projects worth Rs 500 crore and above and up to Rs 1,000 crore can be cleared by the Finance Minister.

Faculty backs Ashoka Univ prof who quit over paper on BJP's 2019 win

Faculty backs Ashoka Univ prof who quit over paper on BJP's 2019 win

Rediff.com16 Aug 2023

Das had claimed that the alleged electoral manipulation by the BJP also appeared to have taken the form of targeted electoral discrimination against Muslims, "partly facilitated by weak monitoring by election observers."

Several unauthorised entities stopped from giving PAN card services

Several unauthorised entities stopped from giving PAN card services

Rediff.com18 Jan 2024

The Bombay high court has passed an ex-parte interim order restraining several entities from operating websites etc claiming to provide PAN card services on behalf of the government-owned UTI Infrastructure Technology and Services Limited (UTIITSL) and noted such an act poses a "national level threat". A single bench of Justice Bharati Dangre, in its order of January 12, said the Union government has made it mandatory for PAN card holders to link the same to their Aadhar Card, which is an acceptable proof of identification. Therefore, any potential misuse of the licence/ authorization to issue PAN cards would be highly detrimental not only to the interest of the company but also to national interest, the HC said.

Apple Sales In India Up to 67,000 Cr

Apple Sales In India Up to 67,000 Cr

Rediff.com16 Jul 2024

Despite the robust growth in this country, Apple's India share in its overall global sales remained modest -- constituting 1.5 per cent of its overall turnover of $389 billion in FY23.