News for 'Department of Economics'

'Deeply concerned' about security of Chinese in Pakistan, Xi tells Sharif

'Deeply concerned' about security of Chinese in Pakistan, Xi tells Sharif

Rediff.com2 Nov 2022

On his maiden visit to Beijing, Pakistan Prime Minister Shehbaz Sharif held talks with Chinese President Xi Jinping during which the two leaders agreed to strengthen the all-weather friendship and the USD 60 billion China-Pakistan Economic Corridor (CPEC).

'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.'

Now, taxpayers can file updated returns within 2 years

Now, taxpayers can file updated returns within 2 years

Rediff.com1 Feb 2022

Currently, if the IT department finds out that some income has been missed out by the assessee, it goes through a lengthy process of adjudication, and the new proposal would repose trust in the taxpayer.

Amid protests, 5 Kashmiri Pandit employees transferred to Jammu

Amid protests, 5 Kashmiri Pandit employees transferred to Jammu

Rediff.com30 Jul 2022

The Jammu and Kashmir administration has transferred five Kashmiri Pandit employees from Kashmir to Jammu, a step welcomed by the community members who have been on a strike for over two months in support of the demand for their relocation over safety concerns.

Rs 62,000 Crore GST Evasion Detected

Rs 62,000 Crore GST Evasion Detected

Rediff.com26 Dec 2022

'There are unscrupulous traders who create fake invoices by showing bogus e-way bills, movement of goods.' 'Since the entities registered across different states, and kept on changing their numbers, tracing them was difficult.'

Adani Ports junks Myanmar plans

Adani Ports junks Myanmar plans

Rediff.com27 Oct 2021

Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday said it has decided to exit its investment in Myanmar by June next year. APSEZ, the largest port developer in India, is part of the globally diversified Adani Group. "The Board has decided to actively work on a plan on exiting Company's investment in Myanmar including divestment opportunities (expected to be concluded by March - June 2022)," APSEZ said in notes to its second quarter results.

Do we need so many income tax staffers?

Do we need so many income tax staffers?

Rediff.com11 Aug 2021

The preliminary processing of tax returns is already undertaken with the help of technology. There is now greater scope of using more technology to reduce the human interface even further, notes A K Bhattacharya.

Worried About Losing Your Job?

Worried About Losing Your Job?

Rediff.com20 Dec 2022

The first step to keeping your job safe, experts tell Rediff.com's Divya Nair, is understanding why layoffs happen.

'If Manipur's unity is affected, India's unity gets affected'

'If Manipur's unity is affected, India's unity gets affected'

Rediff.com5 Jun 2023

'If Manipur is divided on ethnic lines, similar demands will come in other states also.'

Joshimath Tourism Industry Stares At Sinking Fortunes

Joshimath Tourism Industry Stares At Sinking Fortunes

Rediff.com11 Jan 2023

The tourism industry plays a vital role in the town, accounting for 70 per cent of its economy, according to experts.

Ukraine war poses upside risk to inflation: FinMin

Ukraine war poses upside risk to inflation: FinMin

Rediff.com16 Mar 2022

The finance ministry said on Tuesday that high energy and commodity prices due to the Russian invasion of Ukraine may provide an upside risk to inflation and continued vigil is required. "Going forward, elevated energy and commodity prices may act as an upside risk to the inflation outlook in the near-medium term. "Given the inherently unsustainable nature of high prices, international commodity prices are expected to level off early with an increase in supplies outside the crisis zone," the department of economic affairs said in its latest monthly economic report for February.

Modi to attend 3 key sessions at G20 summit in Bali

Modi to attend 3 key sessions at G20 summit in Bali

Rediff.com13 Nov 2022

The prime minister will leave for the Indonesian city of Bali on Monday on a three-day visit to attend the summit that is expected to deliberate extensively on pressing global challenges including the Ukraine conflict and its implications.

'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.'

Protesters clash inside Sri Lankan PM's residence, 10 hurt

Protesters clash inside Sri Lankan PM's residence, 10 hurt

Rediff.com12 Jul 2022

At least 10 persons were admitted to the National Hospital after the confrontation between protesters who have currently been staying inside the prime minister's official residence, the Colombo Post news portal reported.

Over 1000 killed, 1500 injured as powerful earthquake hits Afghanistan

Over 1000 killed, 1500 injured as powerful earthquake hits Afghanistan

Rediff.com22 Jun 2022

The US Geological Survey said the quake struck about 44 km (27 miles) from the city of Khost in southeastern Afghanistan and was at a depth of 51 km.

'Biren Singh's BJP government is playing with fire in Manipur'

'Biren Singh's BJP government is playing with fire in Manipur'

Rediff.com18 May 2023

'Had it not been for the complicity of the state and Biren Singh's leadership, these riots would not have spread this far and for so long.'

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

Hijab row: K'taka schools reopen on Monday, CM confident of peace

Hijab row: K'taka schools reopen on Monday, CM confident of peace

Rediff.com13 Feb 2022

He also said that a decision regarding reopening of pre-university and degree colleges will be taken after assessing the situation.

Love. Crime. Disaster: Your OTT Menu

Love. Crime. Disaster: Your OTT Menu

Rediff.com9 Dec 2022

Acclaimed movies, hit movies, social movies, star-studded movies, scary movies and shows galore, you certainly won't be starved for entertainment on OTT this week.

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.

BJP on verge of setting new election records in Gujarat, Himachal

BJP on verge of setting new election records in Gujarat, Himachal

Rediff.com8 Dec 2022

When the votes get counted for the assembly elections in Gujarat and Himachal Pradesh, the ruling Bharatiya Janata Party will be hoping to set a few new records.

Why Is Fadnavis Targeting Sharad Pawar?

Why Is Fadnavis Targeting Sharad Pawar?

Rediff.com27 Feb 2023

Friendship with Ajit Pawar and the eventual destruction of the NCP can only strengthen him and the BJP.

The Perils Of Democracy In Pakistan

The Perils Of Democracy In Pakistan

Rediff.com26 May 2023

Pakistan still has to acquire the patience you need in a democracy. The patience to accept that even if I do not like the government I have, I must wait till the next election to change it, explains Shekhar Gupta.

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.

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.

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.

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!

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.