News for 'Department of Economic'

Gujarat look to fix batting woes against MI

Gujarat look to fix batting woes against MI

Rediff.com5 May 2022

The likes of skipper Hardik Pandya, David Miller, Rahul Tewatia and Rashid Khan, who had produced stellar performances and played a key role in GT's success so far, have floundered against Punjab.

Sitharaman on Adani fallout: Regulators will look into it

Sitharaman on Adani fallout: Regulators will look into it

Rediff.com4 Feb 2023

India's economic image is not affected due to Adani Group's recent decision to pull out Rs 20,000 crore FPO (follow-on public offers) amid allegations of financial wrongdoings, Finance Minister Nirmala Sitharaman said on Saturday.

Rs 4315 cr provided for creating more seats, SC hearing on EWS quota told

Rs 4315 cr provided for creating more seats, SC hearing on EWS quota told

Rediff.com27 Sep 2022

The decision to grant 10 per cent EWS quota in admissions will not impact the availability of seats for the general and reserved categories as 2,13,766 additional seats will be added to those already existing in higher educational institutions, the Centre Tuesday told the Supreme Court while defending the 103rd constitution amendment.

US payrolls surge in December in boost to economic outlook

US payrolls surge in December in boost to economic outlook

Rediff.com8 Jan 2016

The dollar moved higher, while prices for US government debt fell, as traders ramped up bets the Federal Reserve would raise interest rates in March

Ahead of election, Trump imposes new curbs on H-1B visas

Ahead of election, Trump imposes new curbs on H-1B visas

Rediff.com7 Oct 2020

The Trump administration has announced new restrictions on H-1B non-immigrant visa programme which it said is aimed at protecting American workers, restoring integrity and to better guarantee that H-1B petitions are approved only for qualified beneficiaries and petitioners, a move which is likely to affect thousands of Indian IT professionals.

Will govt restart rupee-rouble trade?

Will govt restart rupee-rouble trade?

Rediff.com10 Mar 2022

The government may soon give the green light to bilateral trade between Russia and India in their national currencies to avoid any trade disruptions, multiple people aware of the matter said. While the Department of Commerce has recommended the proposal, an announcement is likely to be made by the finance ministry after further deliberations between the Department of Economic Affairs and Department of Financial Services. "The finance ministry will take a call on how to peg the two currencies," a senior government official told Business Standard. In the past, the two nations have had rupee-rouble trade, and when such an arrangement is implemented again, it will bypass the sanctions imposed on Russia by the West.

How a tortoise made due diligence process NPA-free

How a tortoise made due diligence process NPA-free

Rediff.com28 Dec 2022

Only NIIF has stayed the course as a viable infrastructure financing institution.

Aviation majors in fray to operate copter taxis in Uttar Pradesh

Aviation majors in fray to operate copter taxis in Uttar Pradesh

Rediff.com9 Aug 2022

After launching expressway projects worth almost Rs 1 trillion, the Uttar Pradesh government is now betting big on the aviation sector to propel the state's economic growth. Air travel, comprising both business and leisure, is expected to give a fillip to the socioeconomic landscape by attracting fresh investment. It would also ramp up infrastructure and create jobs.

Modi holds talks with visiting Japanese counterpart

Modi holds talks with visiting Japanese counterpart

Rediff.com19 Mar 2022

'Advancing friendship with Japan. Prime Ministers @narendramodi and @kishida230 held productive talks in New Delhi. Both leaders discussed ways to boost economic and cultural linkages between the two countries,' Modi's office tweeted.

Who Will Admit To Committing Fraud?

Who Will Admit To Committing Fraud?

Rediff.com27 Apr 2023

Banks do extensive investigation before declaring an account fraud; they owe it to us as they deal with our money. Why would they try to fix an innocent borrower? asks Tamal Bandyopadhyay.

10 merchant bankers to manage LIC IPO

10 merchant bankers to manage LIC IPO

Rediff.com8 Sep 2021

The government has appointed 10 merchant bankers including Goldman Sachs (India) Securities, Citigroup Global Markets India, and Nomura Financial Advisory and Securities India to manage the mega initial public offering of country's largest insurer LIC. Other selected bankers include SBI Capital Market, JM Financial, Axis Capital, BofA Securities, JP Morgan India, ICICI Securities, and Kotak Mahindra Capital Co Ltd, a circular on the divestment department website said. "Government has finalised the book running lead managers and some other advisors for the IPO of LIC," DIPAM Secretary Tuhin Kanta Pandey tweeted. The divestment department had invited applications for the appointment of merchant bankers on July 15.

Egypt's strategic partnership for India, highest award for Modi

Egypt's strategic partnership for India, highest award for Modi

Rediff.com25 Jun 2023

El-Sisi welcomed Modi, who is on a two-day state visit to Egypt, at the Presidential Palace where the two leaders were closeted for one-on-one meeting after which the two sides signed a memorandum of understandng.

PMC Bank scam key accused nabbed in Bihar while trying to flee India

PMC Bank scam key accused nabbed in Bihar while trying to flee India

Rediff.com3 Feb 2022

A key accused in the infamous PMC bank scam of Maharashtra was caught in Bihar while trying to sneak into Nepal, an immigration official said here on Thursday.

Pak PM Imran Khan set to meet Putin within hours of Ukraine attack

Pak PM Imran Khan set to meet Putin within hours of Ukraine attack

Rediff.com24 Feb 2022

Pakistan Prime Minister Imran Khan on Thursday began his engagements in Moscow by laying a wreath at the Tomb of the Unknown Soldier, and is scheduled to meet Vladimir Putin, hours after the Russian president ordered a special military operation in eastern Ukraine, ignoring last-minute appeals and warnings from the West.

Tamil Nadu bureaucrat K Rajaraman is new telecom secretary

Tamil Nadu bureaucrat K Rajaraman is new telecom secretary

Rediff.com1 Oct 2021

Tamil Nadu cadre IAS officer K Rajaraman on Friday took charge as the new telecom secretary. His joining comes following the superannuation of Anshu Prakash on September 30. "Shri K Rajaraman, IAS (TN:89) takes charge as Secretary, @DoT_India in presence of senior officials of the department," a PIB tweet said. He was serving as the additional secretary for investments at the Department of Economic Affairs before being promoted to the position of secretary, DoT.

Colleges recommended for BE, economics & more

Colleges recommended for BE, economics & more

Rediff.com20 May 2010

We invited readers to share their recommendations to the class of 2010. Here are some of the responses we received. Share yours!

How drones can give wings to farmers

How drones can give wings to farmers

Rediff.com13 Nov 2022

So far, the drones that were considered important for the agriculture sector were nature-made winged-insects - a key component of the bee-based natural pollination cycle. The new-age drone is a whirring machine with rotors that can help farmers plan and grow and manage their crops. For the farm sector in India, which has had low levels of mechanisation, the impact of drones can be tremendous. The use of drones can help it leapfrog to modernisation in the same way that mobile phones helped India overcome its traditional lack of connectivity.

21 Chinese warplanes, 5 naval ships tracked around Taiwan

21 Chinese warplanes, 5 naval ships tracked around Taiwan

Rediff.com20 Aug 2022

China has increased its antics in Taiwan Strait post the visit of US House Speaker Nancy Pelosi to the self-governed island.

Landslide threat to Uttarakhand highway stretch increases: Scientists

Landslide threat to Uttarakhand highway stretch increases: Scientists

Rediff.com17 Jan 2023

The study conducted a systematic survey of landslides and derived a statistical model, aimed at quantifying landslide susceptibility along the NH-7 at a high spatial resolution, the findings said.

All about the Infrastructure Finance Secretariat

All about the Infrastructure Finance Secretariat

Rediff.com13 Jul 2022

During his first Union Budget in July 2014, former finance minister Arun Jaitley announced the setting up of an institution called 3P India, with an allocation of Rs 500 crore. The intention was to mainstream public-private partnerships (PPPs) in India. The plan was to bring together the capacities of the government and private sector to push PPP projects.

China calls back Mandarin teachers from Pakistan as attacks spike

China calls back Mandarin teachers from Pakistan as attacks spike

Rediff.com16 May 2022

Chinese nationals teaching Mandarin in different parts of Pakistan have left for home after being called back by Beijing following the recent deadly attacks targeting them, an official of the Karachi University said on Monday.

India's deep discounts on Russian crude will stay

India's deep discounts on Russian crude will stay

Rediff.com6 Dec 2022

Even as the Group of Seven (G7) price cap on Russian crude oil enters into force as of December 5, India has been assured it will continue to receive the existing deep discounts on Russian oil, for the time being, informed officials. "We have been assured by our Russian partners of uninterrupted crude supplies at the existing rates for the time being. "There were a lot of reports of changes in (India's) buying patterns after the global price cap took hold.

'We are closing loopholes exploited by highest level of taxpayers'

'We are closing loopholes exploited by highest level of taxpayers'

Rediff.com3 Feb 2023

'...Market-linked debentures, high-value insurance, exemptions from capital gains by investment in real estate, etc.' 'So, there are a number of measures directed at collecting a fair share from higher income individuals.'

Railways finally reaches Maoist-hit Antagarh in Chhattisgarh

Railways finally reaches Maoist-hit Antagarh in Chhattisgarh

Rediff.com14 Aug 2022

As a part of the 235 km Dallirajhara-Rowghat-Jagdalpur railway project, Antagarh, which has a Nagar Panchayat, is now connected to state capital Raipur by a train service.

Record Rs 32,000 Crore Seized in Tax Raids

Record Rs 32,000 Crore Seized in Tax Raids

Rediff.com24 Jan 2022

Since arraignment under money laundering is a tougher offence, the CBDT hopes it will also overcome its dismal score sheet to prove satisfactorily to the courts that these cases were genuine ones of tax evasion.

US navy sends warship close to Lakshadweep without India's consent

US navy sends warship close to Lakshadweep without India's consent

Rediff.com9 Apr 2021

The United States Navy carried out a freedom of navigation operation in the Indian waters near Lakshadweep Islands on Wednesday without New Delhi's prior consent to challenge India's "excessive" maritime claims, according to an official statement.

More boys diagnosed with cancer than girls in India: Lancet study

More boys diagnosed with cancer than girls in India: Lancet study

Rediff.com30 Nov 2022

More boys than girls with cancer in India are being diagnosed with the disease and the probable cause for this is gender bias in society, according to a study published in The Lancet Oncology.

As Israel erupts in protest, Netanyahu urges agitators to behave responsibly

As Israel erupts in protest, Netanyahu urges agitators to behave responsibly

Rediff.com27 Mar 2023

Israel's President Isaac Herzog on Monday appealed to Prime Minister Benjamin Netanyahu to immediately halt his controversial judicial overhaul, warning that the move has put the country's security, economy and society under threat.

Biden picks Kashmiri-origin Sameera Fazili in WH team

Biden picks Kashmiri-origin Sameera Fazili in WH team

Rediff.com16 Jan 2021

In December, Aisha Shah was named as Partnerships Manager at the White House Office of Digital Strategy.

Cricket Australia says to continue with tour of Sri Lanka

Cricket Australia says to continue with tour of Sri Lanka

Rediff.com12 May 2022

Cricket Australia continues to monitor the situation in Sri Lanka but has no plans to change the schedule of the upcoming tour of the island state despite continued violence, the governing body said on Thursday.

Resolve growing religious divide, says Kiran Mazumdar-Shaw, BJP hits back

Resolve growing religious divide, says Kiran Mazumdar-Shaw, BJP hits back

Rediff.com31 Mar 2022

"Karnataka has always forged inclusive economic development and we must not allow such communal exclusion- If ITBT became communal it would destroy our global leadership. @BSBommai please resolve this growing religious divide," Mazumdar-Shaw said.

FinMin to kick-start Budget 2022-23 exercise on October 12

FinMin to kick-start Budget 2022-23 exercise on October 12

Rediff.com21 Sep 2021

The finance ministry will kick-start the exercise to prepare the Union Budget for financial year 2022-23 (FY23) from October 12, according to an official notification released on Monday. "The pre-Budget meetings as well as the meetings to discuss the revised estimates will start from October 12 and will continue till the second week of November," according to the Budget circular of the Department of Economic Affairs' Budget Division. The Union Budget is expected to be announced on February 1, as has been the practice of the past few years.

How govt will judge the performance of PSUs

How govt will judge the performance of PSUs

Rediff.com11 May 2022

The number of times public sector undertakings (PSUs) have held conference calls with investors, their capital management, and debt financing are among the parameters that the Centre will use to judge their performance for the first time, a senior official in the know said. The government will evaluate PSUs for FY22 based on new parameters that were finalised by the Department of Public Enterprises (DPE) in consultation with the Department of Investment and Public Asset Management (DIPAM) last year, the official said. The government had included more conditions in the memorandum of understandings (MoUs) - used to set annual targets - that public sector enterprises sign with the DPE every year. These included a consistent dividend policy, which seeks to transfer dividends by PSUs every quarter; and market capitalisation or share price improvement over the sectoral index on an annual average basis for listed companies.

Pak appoints former top spy Lt Gen Asim Munir as new Army chief

Pak appoints former top spy Lt Gen Asim Munir as new Army chief

Rediff.com25 Nov 2022

Pakistan Prime Minister Shehbaz Sharif on Thursday chose Lt Gen Asim Munir as the new Army chief to replace incumbent General Qamar Javed Bajwa.

Gita Gopinath to take No 2 role at IMF as First Deputy Managing Director

Gita Gopinath to take No 2 role at IMF as First Deputy Managing Director

Rediff.com3 Dec 2021

Gita Gopinath, the IMF's Indian-American chief economist has been promoted as its First Deputy Managing Director recognising her exceptional intellectual leadership in helping the global economy and the Fund to navigate the "twists and turns" of the "worst economic crisis of our lives". Gopinath would replace Geoffrey Okamoto who plans to leave the International Monetary Fund early next year, Kristalina Georgieva, IMF's managing director announced on Thursday. Gopinath, who was scheduled to return to her academic position at Harvard University in January 2022, has decided to stay, she said. Gopinath, 49, has served as the first female chief economist of the Washington-based global lender for three years.

China asks US to respect Nepal's sovereignty as Kathmandu gives nod to MCC

China asks US to respect Nepal's sovereignty as Kathmandu gives nod to MCC

Rediff.com28 Feb 2022

Much to the surprise of Beijing, Nepal's Parliament on Sunday ratified the contentious US-funded $500 million Millennium Challenge Corporation compact along with an interpretive declaration a day ahead of the February 28 deadline set by Washington.

Pakistan's ex-military ruler Musharraf dies in Dubai; to be buried in Karachi

Pakistan's ex-military ruler Musharraf dies in Dubai; to be buried in Karachi

Rediff.com5 Feb 2023

Musharraf, 79, was suffering from amyloidosis, a rare disease caused by a build-up of an abnormal protein called amyloid in organs and tissues throughout the body, The Express Tribune reported.

Chinese Premier Li Keqiang to step down in sweeping leadership change

Chinese Premier Li Keqiang to step down in sweeping leadership change

Rediff.com11 Mar 2022

Chinese Premier Li Keqiang, who is at the helm of managing the country's economy for a decade, said that he will be stepping down this year, setting in motion the once-in-a-decade sweeping leadership change in the Communist country.

Modi Trapped In World Of Complex Relationships

Modi Trapped In World Of Complex Relationships

Rediff.com22 Mar 2023

The Modi government finds itself in a contradiction of its own making. It has encouraged pro-Russian, Westophobic public sentiment while setting strategic policy that's exactly the opposite, points out Shekhar Gupta.

Chinese incursions into India strategically planned: Study

Chinese incursions into India strategically planned: Study

Rediff.com11 Nov 2022

In the 15-year dataset, the researchers noted an average of 7.8 incursions per year even though the Indian government's estimates are much higher.