News for 'Department of Economics'

Mahatma Carter

Mahatma Carter

Rediff.com9 Jan 2025

Carter was in politics, but not a politician, certainly not a transactional politician, points out Shreekant Sambrani.

Budget 2024: What economists want from Nirmalaji

Budget 2024: What economists want from Nirmalaji

Rediff.com20 Jun 2024

The Budget for 2024-25 should focus on employment generation, besides promoting the manufacturing sector, economists attending the pre-Budget consultation meeting with Finance Minister Nirmala Sitharaman here on Wednesday said. The meeting was attended by National Co-convenor Swadeshi Jagran Manch Ashwani Mahajan, Director and Chief Executive of the Institute for Studies in Industrial Development (ISID) Nagesh Kumar, and TCA Anant among others.

Do You Need To Get A New PAN Card?

Do You Need To Get A New PAN Card?

Rediff.com29 Nov 2024

First things first: For those wondering if they need to reapply, the answer is no.

Above-normal monsoon likely to ease food prices: FinMin

Above-normal monsoon likely to ease food prices: FinMin

Rediff.com26 Apr 2024

With the prediction of an above normal monsoon in 2024, the government is expecting food prices to come down, the finance ministry's monthly economic report for March has said. The report, released on Thursday, said robust foreign inflows and comfortable trade deficits were expected to keep the rupee within a comfortable range. "Further easing of food prices is on the anvil as IMD (India Meteorological Department) has predicted above-normal rainfall during the monsoon season, which is likely to lead to higher production, assuming good spatial and temporal distribution of the rainfall," the monthly report, released by the Department of Economic Affairs, said.

Got fake govt e-notice? Here's what to do

Got fake govt e-notice? Here's what to do

Rediff.com14 Jul 2024

Users should be aware of "fake emails" sent in the garb of a government e-notice, said the Indian Cyber Crime Coordination Centre (I4C) in a public advertisement.

Cong, BJP spar over Manmohan Singh's funeral site

Cong, BJP spar over Manmohan Singh's funeral site

Rediff.com28 Dec 2024

The Congress on Saturday accused the Centre of insulting Dr Manmohan Singh, the country's first Sikh prime minister, by carrying out his last rites at the Nigambodh Ghat instead of a designated spot that could later become his memorial.

'PLI Has Been A Big Boost To Manufacturing'

'PLI Has Been A Big Boost To Manufacturing'

Rediff.com26 Sep 2024

'We can hope to see a lot of creation of jobs in the days to come.'

India Needs A National Security Strategy

India Needs A National Security Strategy

Rediff.com4 Oct 2024

The National Security Strategy document should flag all major issues concerning security strategy and provide guidelines to concerned departments to work out suitable action plans. Since the global and regional geopolitical canvas is dynamic, the NSS document should be deliberated at length before formulation and should be reviewed periodically, recommends Commodore Venugopal Menon (retd).

New Kolkata CP appointed, 2 health officials removed

New Kolkata CP appointed, 2 health officials removed

Rediff.com17 Sep 2024

Senior Indian Police Service officer Manoj Kumar Verma was appointed the new Kolkata Police commissioner, replacing Vineet Goyal, on Tuesday, a day after Chief Minister Mamata Banerjee held a meeting with agitating junior doctors and agreed to their demands in a bid to resolve the more than a month-long impasse over the RG Kar hospital incident.

GST Gamed For Rs 81,875 cr, Finds Report

GST Gamed For Rs 81,875 cr, Finds Report

Rediff.com16 Sep 2024

The highest-ever goods and services tax (GST) evasion has been done by the online money gaming industry.

Study In US: India Overtakes China

Study In US: India Overtakes China

Rediff.com19 Nov 2024

331,602 Indians are studying in the US, making India the 'top sender' of international students to America for the first time in 15 years, as it overtook China for the academic year 2023-2024.

'God Save Insurance Industry'

'God Save Insurance Industry'

Rediff.com9 Dec 2024

'Some of the astounding proposals, if translated into statutory provisions, would be suicidal.' 'This would not be a wonder cure for increasing insurance penetration and only result in mushrooming growth of players like paan kiosks with deleterious consequences.'

Centre to induct more private sector specialists in govt departments

Centre to induct more private sector specialists in govt departments

Rediff.com5 Feb 2021

Candidates will be short-listed for interview on the basis of the information provided by them in their online application, the statement said.

Russia now global economic pariah: US after sanctions

Russia now global economic pariah: US after sanctions

Rediff.com9 Mar 2022

'The Ruble is now down 50 per cent and worth less than one American penny since Putin announced his war'

'China-India-US Triangle Will Be One Of The More Fascinating Geopolitical Storylines Of The Second Trump Administration'

'China-India-US Triangle Will Be One Of The More Fascinating Geopolitical Storylines Of The Second Trump Administration'

Rediff.com13 Nov 2024

'The border deal offers a hedge for India against Trump's unpredictability when it comes to his approach to competition with China.'

Beware! Markets Headed For Downturn

Beware! Markets Headed For Downturn

Rediff.com26 Nov 2024

Trumponomics, poor growth, and high valuation certainly don't make a bullish recipe for Indian markets, warns Debashis Basu.

Massive oil, gas reserves found in Pak waters

Massive oil, gas reserves found in Pak waters

Rediff.com7 Sep 2024

A substantial deposit of petroleum and natural gas has been discovered in Pakistan's territorial waters, a cache so large its exploitation could change the country's destiny, according to a media report. A three-year survey was undertaken in collaboration with a friendly country to verify the presence of the oil and gas reserves, DawnNewsTV quoted a senior security official as saying on Friday.

Mohammad Yunus: The Nobel laureate Prof who will head new Bangladesh govt

Mohammad Yunus: The Nobel laureate Prof who will head new Bangladesh govt

Rediff.com7 Aug 2024

Life has come full circle for Nobel laureate Professor Mohammad Yunus, who faced persecution during Sheikh Hasina's regime for embezzlement, is now all set to head of the interim government in Bangladesh after she resigned and fled the country.

MP hides behind national security clause on Project Cheetah

MP hides behind national security clause on Project Cheetah

Rediff.com24 Jul 2024

The Madhya Pradesh forest department has refused to provide information under the Right to Information Act on management of cheetahs brought from Africa and their cubs born in India.

How Will Tribals Vote In Jharkhand?

How Will Tribals Vote In Jharkhand?

Rediff.com12 Nov 2024

'I don't believe there is an international conspiracy to swamp tribals in India or in Jharkhand.'

'America Is In For A Period Of Extended Domestic Turmoil'

'America Is In For A Period Of Extended Domestic Turmoil'

Rediff.com15 Nov 2024

'Trump's disregard for norms and institutions could prove very costly for America's social fabric.'

Modi To Finalise 100-Day Agenda After Budget

Modi To Finalise 100-Day Agenda After Budget

Rediff.com10 Jul 2024

A lot of the 100-day programmes would be 'milestone-based' with timelines for achieving targets for social-sector schemes.

Old Tax Regime May Soon Be History

Old Tax Regime May Soon Be History

Rediff.com24 Jul 2024

There are a number of steps taken that will leave more money in the hands of the taxpayers.
These include the reduction in tax rates under the new tax regime, increase in standard deduction, allowing tax collected at source to be adjusted against tax deducted at source from salaries, notes Harsh Roongta.

ED allowed to share information about economic offenders with 15 more agencies

ED allowed to share information about economic offenders with 15 more agencies

Rediff.com28 Nov 2022

The government has allowed the Enforcement Directorate to share information about economic offenders with 15 more agencies, including SFIO, CCI and NIA, a move that will expedite nailing of law-breakers. The finance ministry notified changes to the Prevention of Money Laundering Act (PMLA), 2002, on November 22. Through the notification, the Enforcement Directorate (ED), which deals primarily with cases of money laundering and violations of foreign exchange laws, would be able to share data with a total of 25 agencies, including the 10 specified earlier.

Uniform KYC Norms On The Cards

Uniform KYC Norms On The Cards

Rediff.com20 Mar 2024

'The committee has been constituted. Different government departments and FSDC members are part of it.'

Pawan Kalyan to be Andhra dy CM; Naidu's son gets IT

Pawan Kalyan to be Andhra dy CM; Naidu's son gets IT

Rediff.com15 Jun 2024

The actor-turned-politician has been allotted Panchayat Raj and Rural Development, Environment, Forests, and Science and Technology portfolios.

Sitharaman to ensure 'Ease of Living' during Modi 3.0

Sitharaman to ensure 'Ease of Living' during Modi 3.0

Rediff.com12 Jun 2024

Nirmala Sitharaman on Wednesday assumed charge as the Finance and Corporate Affairs Minister for the second consecutive term and is slated to soon present the final Budget for FY '25 that is going to set the tone for the Modi 3.0 government's priorities and direction for Viksit Bharat. Upon her reaching the North Block office, Sitharaman was greeted by Finance Secretary T V Somanathan and other top officials. Minister of State for Finance Pankaj Chaudhary was also present. Chaudhary assumed charge on Tuesday evening.

Under Trump India-US Space Sector May Soar

Under Trump India-US Space Sector May Soar

Rediff.com22 Nov 2024

'With India's growing capabilities in the space sector, this creates promising opportunities for enhanced collaboration and market access.'

Modi must shut 20 ministries, 100 departments!

Modi must shut 20 ministries, 100 departments!

Rediff.com20 Jul 2020

'When the country is jobless, why should I pay through my nose to feed these people who want some perks in office?' 'Let them also join India's unemployed.' 'Let them also taste the bitter medicine of being jobless.'

How Modi plans to tackle spiralling trade deficit with Russia

How Modi plans to tackle spiralling trade deficit with Russia

Rediff.com8 Jul 2024

India's trade deficit with Russia continued to widen for the second consecutive year to $57 billion in the financial year 2023-24 (FY24), with Moscow becoming New Delhi's largest source of crude oil imports. All eyes will now be on Prime Minister Narendra Modi's visit to Russia during July 8-9, where he is set to meet President Vladimir Putin. This will be Modi's first visit to the Kremlin since the Russia-Ukraine conflict began over two years ago.

Sitaram Yechury: A face of pragmatic Left politics

Sitaram Yechury: A face of pragmatic Left politics

Rediff.com12 Sep 2024

The CPI-M leader was fluent in Hindi, Telugu, Tamil, Bangla, and also Malayalam. He was also well-versed in Hindu mythology, and often used those references in his speeches especially to attack the BJP.

Fema tweaks on the cards to allow FPIs to seamlessly access FDI route

Fema tweaks on the cards to allow FPIs to seamlessly access FDI route

Rediff.com31 Aug 2024

The government is planning to introduce legislative changes to the Foreign Exchange Management Act (Fema) regulations, with a focus on easing the pathway for inflows from a foreign portfolio investor to transition seamlessly into foreign direct investments (FDI) once the FPI surpasses the 10 per cent ownership threshold in a company. This move stems from multiple requests by foreign investors seeking to streamline the reporting requirements that arise when their stakes in Indian firms cross the 10 per cent mark.

FTAs, reviving exports to be commerce ministry's focus

FTAs, reviving exports to be commerce ministry's focus

Rediff.com18 Jun 2024

Another priority in the first 100 days could be the launch of an e-platform -- Trade Connect -- to help exporters connect with stakeholders of international trade.

If good neighbourliness is missing...: Jaishankar's dig at China, Pak

If good neighbourliness is missing...: Jaishankar's dig at China, Pak

Rediff.com16 Oct 2024

Delivering a thinly veiled message to Pakistan from its soil, External Affairs Minister S Jaishankar on Wednesday said activities across borders characterised by the 'three evils' of terrorism, extremism and separatism are unlikely to encourage trade, energy flows and connectivity.

Who Will Win Sri Lanka's Presidential Poll?

Who Will Win Sri Lanka's Presidential Poll?

Rediff.com20 Sep 2024

'The Indian government is better prepared this time and has reached out to all contenders and not putting all eggs in one basket.'

Over 400 top-level posts lie vacant in the Income Tax department

Over 400 top-level posts lie vacant in the Income Tax department

Rediff.com21 Jul 2021

Amid economic uncertainties owing to the pandemic, the government's key revenue agency, the Income Tax Department, has close to 400 vacancies at commissioner level and above, affecting its functioning. Seventy-three of the 91 chief commissioner positions are lying vacant, with some for more than a year. Chief commissioner is the second-highest post in the department, below principal chief commissioner, which is at par with secretary in a ministry.

NC promises Article 370, autonomy, statehood resolution

NC promises Article 370, autonomy, statehood resolution

Rediff.com19 Aug 2024

Restoration of Article 370 and Jammu and Kashmir's statehood as well as implementation of the autonomy resolution passed by the erstwhile assembly in 2000 are among the National Conference's 12 guarantees announced in its manifesto for the upcoming polls.

India Working on 30,000 cr Maritime Development Fund

India Working on 30,000 cr Maritime Development Fund

Rediff.com26 Sep 2024

The fund will promote domestic shipbuilding of all types and sizes to reduce India's dependence on foreign ships.

Nirmalaji Listens To Economists' Ideas

Nirmalaji Listens To Economists' Ideas

Rediff.com20 Jun 2024

'The Budget needs to focus more on social welfare schemes.'

Customs duty cut on silver likely to give Centre breather for now

Customs duty cut on silver likely to give Centre breather for now

Rediff.com7 Aug 2024

The steep cut in Customs duty on silver in the FY25 Budget to 6 per cent from 15 per cent may provide the government temporary relief by checking the spurt in silver imports from the United Arab Emirates (UAE) under the Comprehensive Economic Partnership Agreement (CEPA). In FY24, silver imports from the UAE jumped to $1.7 billion from only $11.18 million in FY23, according to commerce department data. In May, about 87 per cent of India's silver imports came from Dubai.