News for 'Department of Economics'

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.

'GST is not the only remedy for all economic ills'

'GST is not the only remedy for all economic ills'

Rediff.com21 Mar 2016

'It is important to improve the quality of spending.'

Why the global economic slump refuses to end

Why the global economic slump refuses to end

Rediff.com19 Feb 2016

'Chinese real GDP growth is 7.1% and India's is 7.4%'.

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.

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.

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.

'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.'

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.

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.

Manipur: 'The basic issue is land'

Manipur: 'The basic issue is land'

Rediff.com5 Jul 2023

'Meiteis started feeling insecure stating that the illegal immigrant population is growing in the valley, and that the majority community would become a minority.'

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).

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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'

El Nino, Iraq crisis may hamper economic recovery: Survey

El Nino, Iraq crisis may hamper economic recovery: Survey

Rediff.com10 Jul 2014

Monetary Policy- Easing expected to happen later this financial year.

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.

Economic issues key to Modi's US visit

Economic issues key to Modi's US visit

Rediff.com25 Sep 2014

'Political meetings will be a mere side show; the main show is economic investment and the business partnership. The success of Modi's US visit will be judged on the basis of India's ability to attract American investment and setting up of manufacturing in India to give jobs to millions,' says Colonel Anil A Athale (retd).

'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.'

Govt's economic measure to push growth up to 8%: Prez

Govt's economic measure to push growth up to 8%: Prez

Rediff.com5 Nov 2014

The President noted that the green shoots of recovery were already visible, with the economy growing at 5.7 per cent during the first quarter of current fiscal.

After economic team rejig, key policy changes on govt agenda

After economic team rejig, key policy changes on govt agenda

Rediff.com17 Oct 2014

Expecting victory in Haryana and Maharashtra, the party will want to accommodate people from these two states.

Finmin reimposes spending curbs on ministries, depts for Q2

Finmin reimposes spending curbs on ministries, depts for Q2

Rediff.com1 Jul 2021

The finance ministry on Wednesday reimposed expenditure curbs on ministries and government departments for July-September quarter. There will be no spending restrictions on the ministries of health, rural development, agriculture, MSME (micro, small and medium enterprises) and railways as part of a two-pronged strategy. "The existing guidelines for expenditure control have been reviewed. "Keeping in view the evolving situation arising out of Covid-19 and anticipated cash position of the government, it is felt essential to regulate Quarterly Expenditure Plan (QEP)/Monthly Expenditure Plan (MEP) of specific ministries/departments for July-September, 2021," the Department of Economic Affairs in the finance ministry said in a notification.

Govt reshuffles bureaucrats, Air India chairman is aviation secretary

Govt reshuffles bureaucrats, Air India chairman is aviation secretary

Rediff.com22 Sep 2021

Air India Chairman Rajiv Bansal has been appointed as the new aviation secretary as part of a major top-level bureaucratic reshuffle effected by the Centre on Wednesday. K Rajaraman, additional secretary in the department of economic affairs, has been appointed as secretary, department of telecommunications, a personnel ministry order said.

Lankan police under pressure to arrest Rajapaksa loyalist

Lankan police under pressure to arrest Rajapaksa loyalist

Rediff.com16 May 2022

Sri Lankan police on Monday came under pressure to arrest the Rajapaksa family loyalists involved in attacks on peaceful protesters last week, even as it arrested over 200 people on various charges following the violence that left nine people dead.

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.

Modi leaves for Tokyo to attend Abe Shinzo's state funeral

Modi leaves for Tokyo to attend Abe Shinzo's state funeral

Rediff.com26 Sep 2022

Prime Minister Narendra Modi will join several global leaders to pay tributes to Japan's slain former prime minister Shinzo Abe at his state funeral in Tokyo on Tuesday.

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.

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.

MCD polls: BJP promises houses for slum dwellers

MCD polls: BJP promises houses for slum dwellers

Rediff.com10 Nov 2022

Polling for the municipal elections in Delhi will be held on December 4 and votes will be counted on December 7.

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.

Tarun Bajaj posted as revenue secretary in IAS reshuffle

Tarun Bajaj posted as revenue secretary in IAS reshuffle

Rediff.com6 Apr 2021

Senior bureaucrat Tarun Bajaj was appointed revenue secretary as part of a top-level bureaucratic reshuffle by the Centre on Tuesday.

Airtel to launch 5G services by end-August

Airtel to launch 5G services by end-August

Rediff.com4 Aug 2022

Telecom operator Bharti Airtel will start rolling out 5G services later this month as it signed requisite agreements with Ericsson, Nokia and Samsung. At the recently held much-awaited spectrum auction for 5G services by the Department of Telecom, Airtel bid for and acquired 19867.8 MHZ spectrum in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz, and 26 GHz frequencies. "We are delighted to announce that Airtel will commence roll out of 5G services in August.

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.