News for 'Department of Economic'

World Bank president nominee Ajay Banga tests Covid positive; India meetings cancelled

World Bank president nominee Ajay Banga tests Covid positive; India meetings cancelled

Rediff.com24 Mar 2023

US nominee for World Bank president, Ajay Banga, has tested positive for COVID-19 following which the meetings scheduled during his two-day visit to India have been cancelled. According to a Finance Ministry statement, Banga's meeting with Nirmala Sitharaman would not happen as he is in quarantine. "During routine testing, Ajay Banga tested positive for COVID-19 but remains asymptomatic.

Biden imposes new sanctions on Russia for annexing Ukrainian regions

Biden imposes new sanctions on Russia for annexing Ukrainian regions

Rediff.com1 Oct 2022

Meanwhile, US President Joe Biden condemned Russia's annexation of Ukrainian territory on Friday.

19 deaths every hour in India due to road accident in 2022

19 deaths every hour in India due to road accident in 2022

Rediff.com31 Oct 2023

The report showed that 53 road accidents take place every hour in the country.

Is Xi Losing Control Over Power?

Is Xi Losing Control Over Power?

Rediff.com19 Sep 2023

Two of Xi Jinping's chosen officials have disappeared from view, an indication of turmoil in Xi's government, months after he installed a collection of loyalist leaders in his cabinet, observes Dr Rajaram Panda.

Dalai Lama successor must be from within China, needs govt nod: Beijing

Dalai Lama successor must be from within China, needs govt nod: Beijing

Rediff.com10 Nov 2023

Though Beijing asserts the Dalai Lama's successor needs its approval, observers say it remains concerned as the present Panchen Lama, the number two spiritual leader who was appointed by it after unseating the boy nominated by the Dalai Lama, has not gained much traction in Tibet.

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.

Vajpayee: The father of 2nd generation economic reforms

Vajpayee: The father of 2nd generation economic reforms

Rediff.com17 Aug 2018

Modelled loosely around the National Highway System of the US, he in 2001 launched the Golden Quadrilateral and the North-South & East-West Corridor projects to build 4/6 lane highways between four top metropolitan cities of Delhi, Mumbai, Chennai and Kolkata as well as from Srinagar to Kanyakumari and Porbandar to Silchar.

Tax dept issues notice to Anil Ambani for Rs 814 cr in 2 Swiss bank accounts

Tax dept issues notice to Anil Ambani for Rs 814 cr in 2 Swiss bank accounts

Rediff.com23 Aug 2022

The income tax department has sought to prosecute Reliance Group chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts.

Senior-level bureaucratic rejig at Centre, Rajendra Kumar made ESIC chief

Senior-level bureaucratic rejig at Centre, Rajendra Kumar made ESIC chief

Rediff.com25 Sep 2022

Kumar, a 1992-batch Indian Administrative Service officer of Tamil Nadu cadre, is currently an additional secretary in the ministry of electronics and Information Technology.

NASA, ISRO to send joint space missions

NASA, ISRO to send joint space missions

Rediff.com22 Jun 2023

"On space, we will be able to announce that India is signing the Artemis Accords, which advance a common vision for space exploration for the benefit of all humankind," a senior administration official said hours before the meeting between Prime Minister Narendra Modi and President Joe Biden in the Oval Office.

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.

Spouses of H-1B visa holders can work here, says US judge

Spouses of H-1B visa holders can work here, says US judge

Rediff.com30 Mar 2023

The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.

New Zealand-South Africa face-off as race to semis hots up

New Zealand-South Africa face-off as race to semis hots up

Rediff.com31 Oct 2023

The most interesting aspect of the contest is the form of batters from both sides which has been the reason of their success so far.

PIX: NZ trounce Afghanistan to continue winning start!

PIX: NZ trounce Afghanistan to continue winning start!

Rediff.com18 Oct 2023

Mitchell Santner and Lockie Ferguson picked up three wickets each as New Zealand trounced Afghanistan by 149 runs.

NITI Aayog's Dynamic New CEO

NITI Aayog's Dynamic New CEO

Rediff.com7 Mar 2023

Go-getter, ambitious, dynamic, workaholic are some of the adjectives that officials who worked closely with B V R Subrahmanyam use to describe him.

These Scientists Shaped India

These Scientists Shaped India

Rediff.com15 Aug 2023

I suggest we build a Vigyan Mandir (Temple of Science) with the ambience of a place of worship, so that it becomes a destination for pilgrims. We should embed on its walls bronze plaques describing each scientist mentioned here along with about a dozen of our ancient mathematicians, recommends Professor Kalyan Singhal, historian of science and technology.

Dept of Public Enterprises now part of FinMin

Dept of Public Enterprises now part of FinMin

Rediff.com7 Jul 2021

The government has merged the Department of Public Enterprises (DPE) with the finance ministry to give it a better control over state-owned firms and facilitate its ambitious privatisation programme. Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry of heavy industries and public enterprises will now be called the ministry of heavy industries. Previously, the disinvestment ministry - created under the Atal Bihari Vajpayee government - was merged with the finance ministry and is now a department under it. Also, Foreign Investment Promotion Board (FIPB) was abolished and administration of foreign investments was given to the finance ministry (FinMin).

Excise case: Sisodia kingpin of conspiracy, CBI tells HC

Excise case: Sisodia kingpin of conspiracy, CBI tells HC

Rediff.com20 Apr 2023

The submissions were made by the CBI in a short written reply while opposing the senior Aam Aadmi Party leader's bail plea, which it said was devoid of any merit and was an attempt to misuse the intricacies of law to thwart the progress of investigation in the case.

SC orders Centre, states to eradicate manual scavenging in phased manner

SC orders Centre, states to eradicate manual scavenging in phased manner

Rediff.com22 Oct 2023

Issuing a slew of directions, a bench of Justices S Ravindra Bhat (since retired) and Aravind Kumar asked the central and state governments to pay Rs 30 lakh as compensation to the next of kin of those who die while cleaning sewers.

DC, MI have work cut out as they look for first win

DC, MI have work cut out as they look for first win

Rediff.com10 Apr 2023

Getting the opportunity in the absence of Mitchell Marsh, who got married on Sunday, Manish Pandey lasted only one ball and the veteran batter will be keen to make an impact at Kotla.

Direct tax collection grows 26% from April-Nov

Direct tax collection grows 26% from April-Nov

Rediff.com31 Jan 2023

The gross tax revenues have touched 65 per cent of the Budget estimates at Rs 17.81 lakh crore during the first eight months of the current fiscal till November, propelled by corporate and personal income tax mop-up, according to the Economic Survey 2022-23 presented in Parliament on Tuesday. The survey, authored by Chief Economic Advisor V Anantha Nageswaran, said the 'substantial reforms' in India's taxation ecosystem post-2014 and policy reforms have removed the distortionary incentives from the economy. Reforms like GST, reduction in corporate taxes, exemption of sovereign wealth funds and pension funds from taxes, and removing Dividend Distribution tax have reduced the tax burden on individuals and businesses.

Heartbreak for Chahal: Is his World Cup dream shattered?

Heartbreak for Chahal: Is his World Cup dream shattered?

Rediff.com22 Aug 2023

It's another ICC event on the horizon and leg-spinner Yuzvendra Chahal has once again fallen out of favour with the Indian team selectors.

Govt lifts expenditure curbs linked to Covid-19

Govt lifts expenditure curbs linked to Covid-19

Rediff.com24 Sep 2021

The finance ministry on Friday withdrew expenditure curbs on various departments and ministries imposed in June in the wake of the COVID-19 second wave, reflecting improvement in public finances and the urgency to step up growth.

Cong's Singhvi goes back on criticism of party's caste survey stand

Cong's Singhvi goes back on criticism of party's caste survey stand

Rediff.com3 Oct 2023

As the Congress batted for a national caste census with an assertion that rights should be proportionate to population, its senior leader Abhishek Singhvi on Tuesday created a flutter by saying "it will eventually culminate into majoritarianism", a remark he later withdrew from social media and blaming it on his staff.

US report flags 'downward trend of democratic values' in India

US report flags 'downward trend of democratic values' in India

Rediff.com10 Feb 2023

As the United States focuses on the Indo-Pacific, in particular the Quad, the Biden administration needs to address India's ties with Russia and its 'downward trend of democratic values and institutions', said a report by the Democratic Party of the Senate Foreign Affairs Committee.

No coercive action against Anil Ambani till Nov 17, HC tells I-T dept

No coercive action against Anil Ambani till Nov 17, HC tells I-T dept

Rediff.com26 Sep 2022

The Bombay high court on Monday directed the Income Tax department not to take any coercive action against Reliance Group chairman Anil Ambani till November 17 on a show cause notice issued to him seeking to prosecute him under the Black Money Act. The I-T department had issued the notice to Ambani on August 8, 2022 for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts. The department has charged Ambani (63) with "wilful" evasion, saying he "intentionally" did not disclose his foreign bank account details and financial interests to Indian tax authorities.

Direct tax collection jumps 24% in first half of FY23

Direct tax collection jumps 24% in first half of FY23

Rediff.com9 Oct 2022

Gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year that started on April 1, the tax department said on Sunday. The gross collection of taxes on corporate earnings rose 16.74 per cent during April 1 to October 8, while personal income tax collection jumped 32.30 per cent, the tax department said in a statement. Direct tax collection came at Rs 8.98 lakh crore between April 1 to October 8, 2022, 23.8 per cent higher than the gross collection in the corresponding period a year ago.

Cyclone Biparjoy won't impact advance of monsoon: IMD

Cyclone Biparjoy won't impact advance of monsoon: IMD

Rediff.com13 Jun 2023

Scientists had earlier said the cyclone pulled the moisture and convection, impacting the intensity of the monsoon and delaying its onset over Kerala.

British Indian ex-minister Alok Sharma knighted; 30 more PIOs to be honoured

British Indian ex-minister Alok Sharma knighted; 30 more PIOs to be honoured

Rediff.com31 Dec 2022

Sharma was the president of the conference, the first since the Paris Agreement of COP21 that expected parties to make enhanced commitments towards mitigating climate change.

23 tableaux in this year's R-Day parade with 'nari shakti' as main theme

23 tableaux in this year's R-Day parade with 'nari shakti' as main theme

Rediff.com22 Jan 2023

A preview of many of the tableaux, some of which are still being constructed or given finishing touches, was held at the Rashtriya Rangshala Camp in the city.

India-US joint statement puts trade at heart of enhanced ties

India-US joint statement puts trade at heart of enhanced ties

Rediff.com23 Jun 2023

India and the US on Thursday said they are looking forward to the reconvening of the India-US Trade Policy Forum later this year to further enhance trade relationship and identify new areas for engagement.

Grace period for retrenched H1-B workers to be extended to 180 days

Grace period for retrenched H1-B workers to be extended to 180 days

Rediff.com15 Mar 2023

A presidential advisory sub-committee has recommended the federal government to extend the grace period for H1-B workers, who have lost their jobs, from the existing 60 days to 180 days so that the workers have enough opportunities to find a new job or other alternatives. "The immigration subcommittee recommends the Department of Homeland Security and the US Citizenship and Immigration Services (USCIS) to extend the grace period for H1-B workers, who have lost their jobs, from 60 days to 180 days," Ajay Jain Bhutoria, member of the President's Advisory Commission on Asian Americans, Native Hawaiians, and Pacific Islanders, said on Tuesday. In his presentation, Bhutoria highlighted the significant challenges faced by H1-B workers laid off from their jobs.

Third gender marked as 'caste' in Bihar's caste-based survey

Third gender marked as 'caste' in Bihar's caste-based survey

Rediff.com7 Apr 2023

Many has termed the state government's move of considering 'third gender' a separate caste in the ongoing exercise as a 'criminal act'

'Free thought within Indian universities is in crisis today'

'Free thought within Indian universities is in crisis today'

Rediff.com17 Aug 2023

A group of faculty members of Ashoka University has written to its vice chancellor claiming that free thought within universities in India is in crisis today and demanded that all decisions on matters related to academic freedom should be put on hold till the promised committee for academic freedom is in place.

Tata Steel, UK govt ink 1.25 billion pound JV

Tata Steel, UK govt ink 1.25 billion pound JV

Rediff.com15 Sep 2023

The United Kingdom on Friday announced a joint investment package with Tata Steel worth 1.25 billion pounds, including a government grant of 500 million pounds, for the country's largest steelworks in Wales that will help protect thousands of jobs and boost the British economy. The government's grant has been dubbed as one of the largest British government support packages in history and a "defining moment" for the country's steel industry.

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.

FDI inflows expected to rebound: Survey

FDI inflows expected to rebound: Survey

Rediff.com31 Jan 2023

Foreign direct investment into the country is expected to rebound in the coming months on account of India's high economic growth, and steps to further improve the business environment of India, the Economic Survey said on Tuesday. The rise in global uncertainty in the wake of the Russia-Ukraine conflict, FDI equity inflows in the manufacturing sector in the first half of the current fiscal (April-September) fell below its corresponding level in the first half of 2021-22, the document, which was tabled in Parliament, said. The monetary tightening at the global level has further restricted the FDI equity inflows, the survey said.

ISRO, NASA in talks to place Indian on ISS next year

ISRO, NASA in talks to place Indian on ISS next year

Rediff.com8 Sep 2023

India and the US on Friday said they have started talks to put in place a strategic framework for human space flight by year-end as they plan to send an Indian astronaut to the International Space Station in 2024.

Adani row: SC panel says SEBI couldn't find anything, but...

Adani row: SC panel says SEBI couldn't find anything, but...

Rediff.com19 May 2023

An expert committee appointed by the Supreme Court said it cannot conclude any regulatory failure around Adani Group's stock rallies, and that Securities and Exchange Board of India (SEBI) has 'drawn a blank' in its probe into alleged violations in money flows from offshore entities into the conglomerate.