News for 'Department of Economic'

IPL: CSK look to make best of home comfort against Mumbai Indians

IPL: CSK look to make best of home comfort against Mumbai Indians

Rediff.com5 May 2023

Chennai Super Kings will be wary of Mumbai Indians, which has a superior record in Chennai and has gathered some momentum by winning their last two matches.

'GST, I-T mop up in Q1 indicates economic recovery'

'GST, I-T mop up in Q1 indicates economic recovery'

Rediff.com23 Jul 2020

Income tax collection, by way of advance tax and TDS, in the April-June quarter was about 80 per cent of what was collected in the same period last year.

The A-W Of Desi Guests At the White House Dinner

The A-W Of Desi Guests At the White House Dinner

Rediff.com24 Jun 2023

The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.

Rs 1,900 crore deficit likely to hit infrastructure projects in FY23

Rs 1,900 crore deficit likely to hit infrastructure projects in FY23

Rediff.com20 Apr 2022

The Parliamentary Standing Committee on Commerce has observed that a massive shortfall in the budgetary allocation of over Rs 1,900 crore by the finance ministry to the industry department may have an adverse impact on the implementation of infrastructure (infra) projects in 2022-23 (FY23). While the Department for Promotion of Industry and Internal Trade (DPIIT) had sought Rs 10,267 crore from the finance ministry for FY23, it received Rs 8,348-crore allocation. For the National Industrial Corridor Development & Implementation Trust (NICDIT), the finance ministry has allocated Rs 1,500 crore instead of Rs 2,400 crore demanded for the project.

Airlines told to share international fliers' PNR with customs

Airlines told to share international fliers' PNR with customs

Rediff.com9 Aug 2022

With this, India joins 60 other countries that collect PNR details of international passengers.

Gita Gopinath to quit as IMF chief economist, return to Harvard

Gita Gopinath to quit as IMF chief economist, return to Harvard

Rediff.com20 Oct 2021

IMF's Chief Economist Gita Gopinath will leave her job in January next year and return to the prestigious Harvard University, according to the global financial institution.

India, fastest-growing major economy, likely to grow 6.4% in 2022: UN

India, fastest-growing major economy, likely to grow 6.4% in 2022: UN

Rediff.com19 May 2022

As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year's 8.8 per cent but still the fastest-growing major economy, with higher inflationary pressures and uneven recovery of the labour market curbing private consumption and investment, according to a UN report. The UN Department of Economic and Social Affairs said in its World Economic Situation and Prospects (WESP) report released on Wednesday that the war in Ukraine has upended the fragile economic recovery from the pandemic, triggering a devastating humanitarian crisis in Europe, increasing food and commodity prices and globally exacerbating inflationary pressures. The global economy is now projected to grow by only 3.1 per cent in 2022, down from the 4.0 per cent growth forecast released in January 2022.

Govt extends Foreign Trade Policy by 6 months

Govt extends Foreign Trade Policy by 6 months

Rediff.com26 Sep 2022

The government has decided to postpone the release of the new Foreign Trade Policy (FTP) and extend the existing one by six months on account of global uncertainties and currency fluctuations. The government was scheduled to announce the new FTP by the end of September. The current policy was to end on September 30.

Assam's eviction drive in forest land hits over 12,000 people

Assam's eviction drive in forest land hits over 12,000 people

Rediff.com14 Feb 2023

The Assam government on Tuesday began clearing nearly 1,900 hectares of forest and government land in Sonitpur district, affecting 12,000-odd people who were allegedly staying there illegally for decades, a senior official said.

Low demand for goods from China, others sinks imports

Low demand for goods from China, others sinks imports

Rediff.com26 Feb 2023

A decline in demand from six of India's top 10 import partners -- China, Saudi Arabia, Iraq, South Korea, Australia, and Singapore -- resulted in India's imports hitting a 17-month low of $50.6 billion in January, showed the data compiled by the department of commerce. Shipments from South Korea, Australia, and Singapore declined by 14.1 per cent, 26.7 per cent, and 9.8 per cent, respectively. Among the 10, growth in inbound shipment was seen only in the case of the United Arab Emirates (12.1 per cent), the US (27.4 per cent), Russia (297.4 per cent), and Indonesia (22.9 per cent).

Flood-prone states rapped for not enacting law on prevention

Flood-prone states rapped for not enacting law on prevention

Rediff.com22 Jul 2022

The standing committee on water resources, tabled in Lok Sabha, said only Manipur, Rajasthan and Uttarakhand and erstwhile state of Jammu & Kashmir had enacted legislation, though delineation and demarcation of flood plains are yet to be undertaken.

PM departs for three-day China visit

PM departs for three-day China visit

Rediff.com12 Jan 2008

"Our bilateral relations are now poised to enter a vibrant and dynamic phase, based on a common recognition that the growth and development of both India and China will make positive and long term contributions to regional and global peace, security and stability," the Prime Minister said.

India to see 'significantly' higher number of heatwaves from Apr-Jun

India to see 'significantly' higher number of heatwaves from Apr-Jun

Rediff.com1 Apr 2023

Above-normal heatwave days are predicted in most parts of central, east and northwest India during this period.

'Xi's Main Challenge Is Taking Over Taiwan'

'Xi's Main Challenge Is Taking Over Taiwan'

Rediff.com20 Oct 2022

'Even though as Xi will seemingly continue to stay in power beyond his third term, competitions for the post-Xi leadership would be inevitably unfolded beneath the surface of water, and that will be a big headache for Xi the dictator.'

CBI takes over probe into BJP leader Sonali Phogat's death

CBI takes over probe into BJP leader Sonali Phogat's death

Rediff.com15 Sep 2022

The central probe agency re-registered the first information report (FIR) of Goa Police on a reference from the Ministry of Home Affairs which was routed to it through the Department of Personnel and Training, officials said.

Economic recovery in India still uneven: Rajan

Economic recovery in India still uneven: Rajan

Rediff.com13 Oct 2014

The RBI governor also said he is not 'overly' worried about any interest rate hike by the Federal Reserve, saying the country had enough foreign exchange reserves.

Lanka crisis: Gotabaya forms panel to manage finances

Lanka crisis: Gotabaya forms panel to manage finances

Rediff.com7 Apr 2022

The Sri Lankan government has appointed an advisory committee comprising eminent economic and fiscal experts to provide guidance on addressing the current debt crisis and engaging with the International Monetary Fund (IMF) and other lenders as the country struggles to combat the unprecedented shortage of foreign reserves.

ED conducts raids against Vivo in money laundering probe

ED conducts raids against Vivo in money laundering probe

Rediff.com5 Jul 2022

The Enforcement Directorate (ED) on Tuesday conducted searches at 44 places across the country in a money laundering investigation against Chinese smartphone manufacturing company Vivo and related firms, officials said. The searches are being carried out under sections of the Prevention of Money Laundering Act (PMLA) at locations in several states including in Delhi, Uttar Pradesh, Meghalaya, Maharashtra and others. The agency is conducting searches at 44 places related to Vivo and associated companies, they said.

Nepal plane crash victims' kin may lose millions in relief

Nepal plane crash victims' kin may lose millions in relief

Rediff.com20 Jan 2023

The air carriers' liability and insurance draft bill has proposed a five-fold increase in compensation in case of death or injury, the report said.

China bristles as UK minister lands in Taiwan for trade talks

China bristles as UK minister lands in Taiwan for trade talks

Rediff.com7 Nov 2022

Much on the expected lines, Beijing reacted angrily to Hands' visit, saying that it violates the one-China principle to which London is a signatory.

Red carpet to Chinese FM instead of red eyes: Cong slams govt

Red carpet to Chinese FM instead of red eyes: Cong slams govt

Rediff.com3 Mar 2023

He alleged that India "lost access to 26 out of 65 Patrolling Points" which was not the case before May 2020, and questioned the Modi government's "silence" on the issue.

'The impact of El Nino is always a matter of concern'

'The impact of El Nino is always a matter of concern'

Rediff.com6 Jun 2023

'If because of El Nino, the monsoon is affected adversely in the current year, naturally it will affect income projections and consequently Budget numbers.'

Graham takes hat-trick as Australia floor India in 5th T20I

Graham takes hat-trick as Australia floor India in 5th T20I

Rediff.com21 Dec 2022

Wicketkeeper-batter Richa Ghosh struck two boundaries before perishing and then Heather Graham dismissed Devika Vaidya and Radha Yadav in consecutive deliveries to be in the fray for a hat-trick, which she completed in the final over of the match.

Preparation For Biparjoy Paid Dividends

Preparation For Biparjoy Paid Dividends

Rediff.com17 Jun 2023

No lives were lost after cyclone Biparjoy made landfall. Preparations for Biparjoy were not only extensive, they were also telecast far and wide. Ahead of the cyclone's landfall, Shyam G Menon observes there was considerable publicity on how much the government was geared up to face the storm and its aftermath.

UN warns of 'similar episodes' as second Covid wave in India

UN warns of 'similar episodes' as second Covid wave in India

Rediff.com13 Jan 2022

'In India, a deadly wave of infection with the Delta variant stole 240,000 lives between April and June and disrupted economic recovery. Similar episodes could take place in the near term,' said the report.

Udaan lays off about 180 employees in a move to drive cost-efficiency

Udaan lays off about 180 employees in a move to drive cost-efficiency

Rediff.com29 Jun 2022

Udaan - India's largest business-to-business (B2B) e-commerce company - has laid off about 180 employees, or 4-5 per cent of its workforce of 4,000, in a move to drive cost efficiency, revealed sources. They said the layoffs have happened across various department functions. The layoffs have happened at a time when the Bengaluru-based firm is trying to turn into a publicly listed entity in 18-24 months.

Biden concerned about China's handling of COVID-19

Biden concerned about China's handling of COVID-19

Rediff.com5 Jan 2023

'I think we just got to make the protocol we set out: that if you're flying from China, you got to be tested, and so on'

Single ITR form with focus on cryptos likely

Single ITR form with focus on cryptos likely

Rediff.com2 Nov 2022

The Central Board of Direct Taxes (CBDT) has proposed a new common income-tax return (ITR), with greater focus on disclosing income from virtual digital assets or crypto assets and foreign equity and debt instruments held by resident Indians. For non-resident Indians, the draft ITR seeks exhaustive details ranging from nature of business, permanent establishment (PE), business connection, whether the entity has significant economic presence (SEP) in India, along with the number of users in India. The ITR protocol for NRIs could widen the scope of the SEP principle that was introduced in the Finance Bill 2018-19, and the explicitly defined 'business connection' to include provision of download of data or software, if aggregate payments from such transactions exceed a prescribed amount, or if a multinational's interaction is with a prescribed number of users.

Covid-19: Remittances from West Asia hit in FY21

Covid-19: Remittances from West Asia hit in FY21

Rediff.com25 Jul 2022

The money sent home by Indians from West Asian countries took a beating in 2020-21 due to the pandemic. On the other hand, overseas Indians in advanced nations - the United States, United Kingdom and Singapore - emerged as important sources of remittance, according to a Reserve Bank of India (RBI) survey. Indians working in informal sectors in West Asia seem to have been impacted the most due to the lockdowns and subdued crude oil prices as well as slower pace of migration in recent years.

How India can emerge from the economic slump

How India can emerge from the economic slump

Rediff.com14 Aug 2017

A way out of the economic slump is to revisit the template of 15 years ago and follow its constituents, recommends Ajay Shah.

Khalistani terrorist Paramjit Panjwar shot dead in Lahore

Khalistani terrorist Paramjit Panjwar shot dead in Lahore

Rediff.com6 May 2023

Panjwar, 63 was involved in drug and weapons smuggling and was designated as a terrorist under the Unlawful Activities (Prevention) Act in July 2020.

TMC, AAP, CPI to boycott new Parliament's inauguration, more parties may follow suit

TMC, AAP, CPI to boycott new Parliament's inauguration, more parties may follow suit

Rediff.com23 May 2023

The Trinamool Congress and the Communist Party of India on Tuesday said they will skip the inauguration ceremony of the new Parliament building even as the war of words over the prime minister and not the President scheduled to do the honours on May 28 continued between the government and the Congress.

Choice between democracy and autocracy, Pelosi tells Taiwan Prez

Choice between democracy and autocracy, Pelosi tells Taiwan Prez

Rediff.com3 Aug 2022

Pelosi said that she is in Taiwan to listen and learn from Taiwanese people as to how can they come together.

'Make caste discrimination in schools and colleges a crime'

'Make caste discrimination in schools and colleges a crime'

Rediff.com1 Jun 2023

'The government should immediately enact an Act to make caste discrimination a criminal offence and lay down a procedure similar to that of the Anti-Ragging Act.' 'Ragging has nearly been eliminated because it is treated as a criminal offence.' 'Similar procedure should be used in case of caste discrimination.'

'What Gives Me Hope About India Is...'

'What Gives Me Hope About India Is...'

Rediff.com24 Aug 2023

'Our civil society here is vibrant, and courageous, although it is beaten up and beaten down, repeatedly.'

Jaitley releases Socio-Economic Caste Census, but no caste based data

Jaitley releases Socio-Economic Caste Census, but no caste based data

Rediff.com3 Jul 2015

The government on Friday refrained from releasing the caste-based data in its first Socio Economic and Caste Census released in eight decades and maintained that it was concerned with economic data which will help in effective implementation of its programmes.

Chinese spy ship leaves Sri Lankan port after 6 days

Chinese spy ship leaves Sri Lankan port after 6 days

Rediff.com22 Aug 2022

A high-tech Chinese research ship docked at the strategically important Hambantota port departed from Sri Lankan waters on Monday after a controversial six-day visit.

'Our economic nirvana is not through GST'

'Our economic nirvana is not through GST'

Rediff.com30 Nov 2015

Chartered accountant and commentator M R Venkatesh on why the GST Bill will cost the BJP dear.

India led G20 very well to date, but...: US

India led G20 very well to date, but...: US

Rediff.com3 Mar 2023

India as the G20 host has a 'unique role' to play in bringing about an end to the war in Ukraine due to its 'longstanding historical' ties to Russia, the United States has said, expressing hope to work closely with New Delhi to find a way to stop the conflict.

Planet Earth welcomes 8th billion inhabitant

Planet Earth welcomes 8th billion inhabitant

Rediff.com15 Nov 2022

Planet Earth welcomed its 8th billion inhabitant on Tuesday, a remarkable milestone for humanity that is set to propel India to become the world's most populous country next year, surpassing China amid rising global challenges.