News for 'Department of Economic'

No let up in monsoon fury in Himachal, death toll rises to 18; 300 stranded

No let up in monsoon fury in Himachal, death toll rises to 18; 300 stranded

Rediff.com11 Jul 2023

Chief Minister Sukhvinder Singh Sukhu said efforts are on to rescue the 300 stranded people, and they could be airlifted as the weather clears. Power and water supply has been snapped in several areas.

Some foreign universities acting as centres of anti-India activities: Dhankhar

Some foreign universities acting as centres of anti-India activities: Dhankhar

Rediff.com20 Apr 2023

Vice President Jagdeep Dhankhar on Thursday said "dangers are emanating from outfits", including some foreign universities, doubling up as centres of subversive anti-India activities out to demolish the country's civilisation ethos and sully and muddy its growth.

US seeks to strengthen economic ties with India

US seeks to strengthen economic ties with India

Rediff.com24 Jul 2013

Biden, who arrived in India on Monday on a four-day maiden visit, held comprehensive talks with Prime Minister Manmohan Singh.

'Support free press': US on India banning BBC documentary on Modi

'Support free press': US on India banning BBC documentary on Modi

Rediff.com26 Jan 2023

'We support the importance of a free press around the world. We continue to highlight the importance of democratic principles, such as freedom of expression, freedom of religion or belief'

India to host key SCO conclave of defence ministers, Pak to attend virtually

India to host key SCO conclave of defence ministers, Pak to attend virtually

Rediff.com27 Apr 2023

Pakistan Defence Minister Khawaja Asif will attend the SCO defence ministers' meeting in New Delhi on Friday through virtual mode, according to an official readout.

Citing National Security, India Bans Chinese Cos

Citing National Security, India Bans Chinese Cos

Rediff.com8 Jun 2023

The government believes firms which are subject to China's laws could be forced to hand over information to Beijing's security services.

Are Wealthy Indians Paying Less Tax?

Are Wealthy Indians Paying Less Tax?

Rediff.com25 Jan 2023

While movie stars like Akshay Kumar, Amitabh Bachchan and Salman Khan are among the top I-T payers, very few of the wealthiest Indians figure on the list.

From electronics to semiconductor, MNCs in search of policy stability

From electronics to semiconductor, MNCs in search of policy stability

Rediff.com29 May 2023

Their favourite alternatives: Malaysia, Vietnam and the Philippines. Note, India is missing from that list. And this is despite an attractive financial incentive scheme for OSAT players. The reason, said a senior executive of a US chip company who had a meeting in Taiwan just a few weeks ago, is that "they want more predictability in government policy because they plan to put in big money."

Geithner in India to boost Indo-US economic ties

Geithner in India to boost Indo-US economic ties

Rediff.com5 Apr 2010

US Treasury Secretary Timothy Geithner has left for New Delhi to launch the Indo-US Economic and Financial Partnership which according to him would set the pace and put and economic relationship between the two countries on a new trajectory.

India may get normal rainfall in Aug-Sept, El Nino influence likely: IMD

India may get normal rainfall in Aug-Sept, El Nino influence likely: IMD

Rediff.com1 Aug 2023

Rainfall in August is predicted to be below normal (less than 94 per cent of LPA), but the situation is expected to improve comparatively in September, the IMD said.

Newark rescinds sister-city agreement with 'United States of Kailasa'

Newark rescinds sister-city agreement with 'United States of Kailasa'

Rediff.com4 Mar 2023

The city of Newark in the United States state of New Jersey has rescinded a sister-city agreement with the so-called 'United States of Kailasa', founded by Indian fugitive Nithyananda, citing deceptive circumstances surrounding the fictional country and terming the incident as regrettable.

Rishi Sunak warns of 'very difficult decisions' in first cabinet meet

Rishi Sunak warns of 'very difficult decisions' in first cabinet meet

Rediff.com26 Oct 2022

Prime Minister Rishi Sunak on Wednesday held his first Cabinet meeting with the new team as he prepares for his debut at Prime Minister's Questions, the first big test of Britain's Indian-origin premier's leadership.

Exports saw sharp fall on decline in US and UAE share

Exports saw sharp fall on decline in US and UAE share

Rediff.com24 May 2023

Exports to India's key markets - the US, the United Arab Emirates, China, Singapore, Bangladesh and Germany - witnessed a sharp decline, resulting in a 12.69 per cent contraction in outbound shipments during the first month of the current financial year, commerce department data showed. India's biggest export market - the US - with 17 per cent share witnessed 17.16 per cent contraction at $5.9 billion in April. This was followed by the United Arab Emirates (UAE) that saw 22.09 per cent decline at $2.23 billion exports.

Modi hands out jobs to 70,000 youth, criticism for Oppn

Modi hands out jobs to 70,000 youth, criticism for Oppn

Rediff.com13 Jun 2023

The prime minister took no names but made an apparent reference to reports about "rate card" for different government jobs in the Trinamool Congress-ruled West Bengal and prevalence of "cut money" in the state.

G20 Summit: Startups hope Delhi Declaration to help ease capital access

G20 Summit: Startups hope Delhi Declaration to help ease capital access

Rediff.com11 Sep 2023

The Indian startup ecosystem has lauded the inclusion of startups in the New Delhi Leaders' Declaration for the first time ever in the history of G20. Industry stakeholders say that the move will lead to easier access to capital, reduce regulatory hurdles, and may revive funding activity. The Declaration, through the Startup20 initiative, recognised startups as "natural engines of growth" and key to socio-economic transformation by driving innovation and creating employment.

Nitish free to sack me, says Bihar agri minister who complained of graft

Nitish free to sack me, says Bihar agri minister who complained of graft

Rediff.com15 Sep 2022

Bihar Agriculture Minister Sudhakar Singh Thursday said that Chief Minister Nitish Kumar could "sack" him for his perceived defiance but he will not step down unless asked to do so by the top leadership of his party, the Rashtriya Janata Dal.

Axar's batting has come on in leaps and bounds: Dravid

Axar's batting has come on in leaps and bounds: Dravid

Rediff.com6 Jan 2023

Axar Patel took two wickets before he smashed a swashbuckling 65 off just 31 deliveries in the second T20 against Sri Lanka in Pune on Thursday.

Tauktae to Fani: A look at India's deadliest cyclones

Tauktae to Fani: A look at India's deadliest cyclones

Rediff.com15 Jun 2023

Several major cyclones have hit various parts of India over the last 10 years. Here is a look at the notable among them.

Pre-Budget Consultations To Begin Soon

Pre-Budget Consultations To Begin Soon

Rediff.com16 Nov 2022

Seven of the meetings will be held in late November or early December at the finance ministry, as is the norm.

Blinken to travel to India on March 1 for G20 meet

Blinken to travel to India on March 1 for G20 meet

Rediff.com24 Feb 2023

United States Secretary of State Antony Blinken will travel to India next week to attend the meeting of G20 foreign ministers and meet senior Indian officials to reaffirm America's strong partnership with the country.

How Ajay Banga Can Change The World Bank

How Ajay Banga Can Change The World Bank

Rediff.com14 Apr 2023

The World Bank must become Archimedes's lever to help change the world into a more prosperous, inclusive, and sustainable planet in the 21st century. The change in leadership now provides that opportunity, observes Ajay Chhibber.

India's trade deficit with Russia grows seven-fold to $34.79 billion

India's trade deficit with Russia grows seven-fold to $34.79 billion

Rediff.com26 Apr 2023

The rising dependence on discounted crude oil has resulted in India's trade deficit with Russia hitting the second-highest place last year, after China, reveals Department of Commerce data. From April through January 2022-23 (FY23), India's maximum trade deficit was with China, at $71.58 billion. This was followed by Russia, where the deficit expanded sevenfold - from $4.86 billion in April-January of 2021-22 (FY22) to $34.79 billion during the same period in FY23.

HC terms Raghav Bahl's plea to quash money laundering case 'premature'

HC terms Raghav Bahl's plea to quash money laundering case 'premature'

Rediff.com23 Jan 2023

The Delhi high court on Monday refused to quash an Enforcement Directorate money laundering case against media baron Raghav Bahl, saying the plea was "premature".

Why Are Sri Lankans Queuing For Passports?

Why Are Sri Lankans Queuing For Passports?

Rediff.com20 Jul 2022

Sri Lankans queued up to apply for fresh passports outside the department of immigration and emigration office in Colombo.

Cyclone Biparjoy may prove to be killjoy for onset of monsoon

Cyclone Biparjoy may prove to be killjoy for onset of monsoon

Rediff.com7 Jun 2023

Cyclone 'Biparjoy', the first storm brewing in the Arabian Sea this year, has rapidly intensified into a severe cyclonic storm, with meteorologists predicting a 'mild' monsoon onset over Kerala and 'weak' progress beyond southern peninsular under its influence.

Time To Abolish Quotas?

Time To Abolish Quotas?

Rediff.com17 Jul 2023

Ultimately quotas kill talent and true meritocracy, argues R Jagannathan.

Next round of G20 meetings in Gujarat from March 27

Next round of G20 meetings in Gujarat from March 27

Rediff.com22 Mar 2023

Gujarat will host the next round of G20 meetings from March 27 to April 4, during which three conclaves will be held in the state on a range of issues, where delegates from different countries will converge for participation, an official said.

Lankan Prez flies to Singapore from Maldives

Lankan Prez flies to Singapore from Maldives

Rediff.com14 Jul 2022

Rajapaksa has departed from the Maldives on Saudi Airline flight SV 788 to Singapore, sources said.

Here's what the Aussies MUST do in Indore Test

Here's what the Aussies MUST do in Indore Test

Rediff.com28 Feb 2023

Play three pacers, include Boland in Indore, says Kasprowicz

'After the devastation of Covid, I had expected a higher budget for health'

'After the devastation of Covid, I had expected a higher budget for health'

Rediff.com9 Feb 2023

'...to address the serious faultlines that had got exposed during the pandemic.' 'If the economy is looking up this year, we could have been allocated an increase of at least 20%.'

India likely to contribute 15% to global growth in 2023: top IMF exec

India likely to contribute 15% to global growth in 2023: top IMF exec

Rediff.com22 Feb 2023

India is expected to contribute 15 per cent to the global growth in 2023, an International Monetary Fund (IMF) official said on Tuesday. "Both India and China are expected to contribute 50 per cent of the global growth in the upcoming year (2023). "However, the share of India's contribution to global growth is expected to be around 15 per cent," Krishna Srinivasan, director, Asia and Pacific Department (APD) at IMF said at a roundtable with reporters from south Asian countries.

'Trust can only be earned over long periods of time'

'Trust can only be earned over long periods of time'

Rediff.com26 Jun 2023

'This is still a relatively immature defense and high-tech relationship.'

PIX! Gujarat Titans hand Mumbai Indians crushing defeat

PIX! Gujarat Titans hand Mumbai Indians crushing defeat

Rediff.com26 Apr 2023

PHOTOS of the IPL 2023 match between Gujarat Titans and Mumbai Indians at the Narendra Modi Stadium in Ahmedabad on Tuesday.

US to help India serve as a 'regional economic anchor'

US to help India serve as a 'regional economic anchor'

Rediff.com11 Apr 2013

As the United States under the Barack Obama administration re-balances its defence posture in the Asia Pacific region, the Pentagon has told the Congress that it is investing in a "long-term" strategic partnership with India.

Meet FM's A-team behind Budget 2022

Meet FM's A-team behind Budget 2022

Rediff.com31 Jan 2022

Finance Minister Nirmala Sitharaman will present the much-awaited 2022-23 Union Budget on February 1. While there has been strong recovery in some sectors, touch services like hospitality, tourism and leisure continue to suffer after two Covid-19 waves. Household savings have been hit due to increased spending on health care. Consumption has still not reached pre-pandemic levels.

FinMin flags El Nino risk for inflation, farm output

FinMin flags El Nino risk for inflation, farm output

Rediff.com24 Feb 2023

The finance ministry on Thursday raised concerns over the possible impact of El Nio conditions on India this year, saying if recent forecasts came true, the country could see lower agricultural output and higher inflation. "Some meteorological agencies predict the return of El Nio conditions in India this year. "If these predictions are accurate, then monsoon rains could be deficient, leading to lower agricultural output and higher prices," the ministry said in its monthly economic review.

Sri Lankan CID grills Mahinda over May 9 violence

Sri Lankan CID grills Mahinda over May 9 violence

Rediff.com26 May 2022

On May 9, violence erupted in Sri Lanka after supporters of the 76-year-old former premier attacked peaceful anti-government protesters demanding his ouster over the country's worst economic crisis that led to acute shortages of staple food, fuel and power.

China's population declines for first time since 1961

China's population declines for first time since 1961

Rediff.com17 Jan 2023

China's population in 2022 -- 1.4118 billion -- fell by 850,000 from 2021, the National Bureau of Statistics (NBS) said.

HSBC acquires Silicon Valley Bank's UK arm for 1 pound

HSBC acquires Silicon Valley Bank's UK arm for 1 pound

Rediff.com13 Mar 2023

The UK government announced on Monday that it has facilitated London-based banking major HSBC to buy the embattled UK arm of Silicon Valley Bank for 1 pound, securing the deposits of more than 3,000 customers worth around 6.7 billion pounds. Santa Clara, California-based Silicon Valley Bank - which specialised in lending to technology companies - was shut down by US regulators on Friday in what was the largest failure of a US bank since 2008. According to experts, although the UK arm of SVB was small with only around 3,000 business customers, its collapse would have presented a risk for the tech sector which is seen as crucial to Britain's economic growth.