News for 'Department of External Investments'

Paytm Crisis: StartUp Founders Take Note

Paytm Crisis: StartUp Founders Take Note

Rediff.com22 Feb 2024

Startup founders need to sit up and think about how not to take stardom for granted and how not to disappoint their fans who have stood in long queues for those precious selfies with popular entrepreneurs, notes Nivedita Mookerji.

China developing nuke missiles that can hit targets in US: Pentagon

China developing nuke missiles that can hit targets in US: Pentagon

Rediff.com19 Oct 2023

China has more than 500 nuclear bombs in its arsenal and is developing new Inter-Continental Ballistic Missiles (ICBMs) that will significantly improve its nuclear-capable missile forces, the Pentagon said on Thursday.

Why Did Biden Spurn R-Day Invite?

Why Did Biden Spurn R-Day Invite?

Rediff.com15 Dec 2023

Biden is not risking his reputation in a crucial election year, argues Ambassador M K Bhadrakumar.

IDBI Bank financial bids expected by June

IDBI Bank financial bids expected by June

Rediff.com6 Apr 2023

The government and Life Insurance Corporation's (LIC's) strategic stake sale in IDBI Bank is expected to move to the second stage by the first quarter of FY24, said two people in the know. They added that considering the progress of the ongoing deal, financial bids are expected to come in by June this year. The proposed IDBI Bank stake sale is divided into two sequential stages.

World Bank president nominee Ajay Banga tests Covid positive; India meetings cancelled

World Bank president nominee Ajay Banga tests Covid positive; India meetings cancelled

Rediff.com24 Mar 2023

US nominee for World Bank president, Ajay Banga, has tested positive for COVID-19 following which the meetings scheduled during his two-day visit to India have been cancelled. According to a Finance Ministry statement, Banga's meeting with Nirmala Sitharaman would not happen as he is in quarantine. "During routine testing, Ajay Banga tested positive for COVID-19 but remains asymptomatic.

7 ways India can improve its investment climate

7 ways India can improve its investment climate

Rediff.com13 Nov 2019

'From the investor's point of view, a real change would happen only when business environment in all our states qualitatively improves,' says NITI Aayog Vice-Chairman Rajiv Kumar.

'Tax refund not credited. Please help'

'Tax refund not credited. Please help'

Rediff.com5 Oct 2023

Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.

US Senate Panel Set To Needle China

US Senate Panel Set To Needle China

Rediff.com21 Jun 2023

A powerful senatorial committee on Wednesday is set to consider a bipartisan resolution to recognise Arunachal Pradesh as an integral part of India, pushing back against China's military aggression to change the status quo along the Line of Actual Control.

Govt gets its act together as Korean investments threatened

Govt gets its act together as Korean investments threatened

Rediff.com4 Apr 2014

The government is believed to be working on a strategy to resolve the matter related to Wednesday's Supreme Court order asking Samsung Electronics Chairman Lee Kun-hee to appear within six weeks before the Ghaziabad trial court in a pending payment case.

Gold Loans On RBI, Finance Ministry Radar

Gold Loans On RBI, Finance Ministry Radar

Rediff.com28 Mar 2024

Loan against gold as a product is catching on fast. Let's keep the momentum going, but aim for sustainable growth. A few bad apples should not ruin the brunch, argues Tamal Bandyopadhyay.

Fully cooperating, hope to resolve soon: BBC on tax survey

Fully cooperating, hope to resolve soon: BBC on tax survey

Rediff.com14 Feb 2023

The BBC said on Tuesday that it is "fully cooperating" with the Income Tax authorities who are at its offices in New Delhi and Mumbai and hoped that the situation will be resolved "as soon as possible".

Govt likely to miss capex target for FY 21-22

Govt likely to miss capex target for FY 21-22

Rediff.com14 Apr 2022

Only 80.6 per cent of the Rs 6-trillion allocation has been spent by February, data from the Controller General of Accounts shows.

Modi's infrastructure splurge revives investment in India

Modi's infrastructure splurge revives investment in India

Rediff.com13 Oct 2015

Encouragingly, the recovery also appears to be becoming broad-based

'What will be tax implications of selling shares?'

'What will be tax implications of selling shares?'

Rediff.com16 Dec 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.

'Why is interest earned on FDs taxed?'

'Why is interest earned on FDs taxed?'

Rediff.com11 Oct 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.

'Will part-transfer of FD to my children be taxed?'

'Will part-transfer of FD to my children be taxed?'

Rediff.com10 Nov 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.

PSU Disinvestment: Modi Missing The Bus

PSU Disinvestment: Modi Missing The Bus

Rediff.com3 Oct 2023

'Inter-ministerial coordination, information on the proposed PSUs, and due diligence are taking longer than expected to conclude the process.'

'Technology' appears 44 times in Modi-Biden statement, up from 5 three years ago

'Technology' appears 44 times in Modi-Biden statement, up from 5 three years ago

Rediff.com24 Jun 2023

From the seas to the stars, this partnership will now be deepened by the defining role of technology, the statement said.

When Modi Was Asked THE Question...

When Modi Was Asked THE Question...

Rediff.com23 Jun 2023

Back in the Press Briefing room on being commended for her questions to President Biden and the Indian prime minister, The Wall Street Journal's Sabrina Siddiqui responded, "You gotta do it."

India-Germany ties a model of success, says Modi, as 2 nations sign $10.5 bn green deal

India-Germany ties a model of success, says Modi, as 2 nations sign $10.5 bn green deal

Rediff.com2 May 2022

Prime Minister Narendra Modi said on Monday that the partnership between India and Germany could serve as an example of success in a complex world as the two sides inked several agreements focused on sustainable development under which India would receive USD 10.5 billion assistance by 2030 to boost the use of clean energy.

Banks' Digital Push Risks Customers' Safety

Banks' Digital Push Risks Customers' Safety

Rediff.com28 Jul 2023

We as customers have to be conscious and careful to sidestep numerous types of frauds made possible under a mindless shift to a digital ecosystem without customer-redress procedures, warns Debashis Basu.

Bangladesh keen to revise Adani Power deal; cites high coal price

Bangladesh keen to revise Adani Power deal; cites high coal price

Rediff.com2 Feb 2023

Bangladesh has sought revision of a 2017 power purchase agreement with Adani Power Ltd as the price for the coal-generated electricity appeared too expensive, officials said in Dhaka on Thursday. "We have communicated with the Indian company seeking revision of the agreement," an official of the state-run Bangladesh Power Development Board (BPDC) told PTI on the condition of anonymity and without elaborating on the matter. Media reports suggested that the "high coal price" to be purchased for the Adani plant at India's Jharkhand emerged as the key factor for the dispute.

FTA: UK, India not working towards Diwali deadline

FTA: UK, India not working towards Diwali deadline

Rediff.com14 Oct 2022

The free trade agreement (FTA) talks with India are no longer working towards a Diwali deadline though negotiations are progressing well, UK Trade Secretary Kemi Badenoch has said as New Delhi expressed confidence on Friday of an "early date" for a mutually beneficial deal. "There are ongoing negotiations as we know on the FTA. There is interest on both sides to see if we can work towards a deal, an FTA, that is beneficial to both the countries at an early date," external affairs ministry spokesperson Arindam Bagchi told reporters in New Delhi. It came as External Affairs Minister S Jaishankar spoke to his UK counterpart, James Cleverly, and referenced the Roadmap 2030 bilateral agreement signed between Prime Minister Narendra Modi and former UK PM Boris Johnson in May last year, with no specific reference to the FTA.

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.

'US-India initiatives will face new scrutiny'

'US-India initiatives will face new scrutiny'

Rediff.com5 Dec 2023

'This incident offers ammunition to those inside the US government and elsewhere who question the wisdom of trusting India, so it will have a lasting consequence no matter how it is managed.'

'Missed IT notice as well as response time. Help'

'Missed IT notice as well as response time. Help'

Rediff.com7 Nov 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.

China's $20 bn investment to transform India?

China's $20 bn investment to transform India?

Rediff.com3 Oct 2014

The prejudices the Chinese carry with them mean they are not natural global managers.

'Can my tax filing mistakes be corrected?'

'Can my tax filing mistakes be corrected?'

Rediff.com20 Dec 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.

'If I file revised return, will I get IT enquiry?'

'If I file revised return, will I get IT enquiry?'

Rediff.com9 Sep 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.

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.

US Secretary of State to visit India on July 27 and 28

US Secretary of State to visit India on July 27 and 28

Rediff.com23 Jul 2021

United States Secretary of State Antony Blinken during his maiden trip to India next week would meet Prime Minister Narendra Modi and External Affairs Minister S Jaishankar to discuss wide range of bilateral, regional and global issues, his spokesperson said on Friday.

At G20 meet, PM will sell India as a hot investment destination

At G20 meet, PM will sell India as a hot investment destination

Rediff.com29 Nov 2018

The G20 chair has suggested three areas for the talks in Argentina - the future of work, infrastructure for development and a sustainable food future, areas where India has a lot at stake.

Cash-strapped Vodafone Idea gets nod for FDI up to Rs 15,000 crore

Cash-strapped Vodafone Idea gets nod for FDI up to Rs 15,000 crore

Rediff.com23 Jul 2021

Cash-strapped telco Vodafone Idea's proposal for investment of up to Rs 15,000 crore through foreign direct investment (FDI) has been approved by the Union government, according to officials. A top-level group, comprising representatives from the ministries of home affairs, external affairs, finance and commerce and industry, took the decision. The nod, which is an enabling provision, would help the financially-stressed company raise funds to pay up some of its dues linked to adjusted gross revenue (AGR), reduce debts and use the money for operational expenses.

UN chief Guterres pays tributes to 26/11 victims at Taj hotel in Mumbai

UN chief Guterres pays tributes to 26/11 victims at Taj hotel in Mumbai

Rediff.com19 Oct 2022

Accompanied by Maharashtra Chief Minister Eknath Shinde and deputy CM Devendra Fadnavis, Guterres placed a floral wreath at the 26/11 attacks memorial in the hotel.

'Why should my wife pay Rs 5,000 tax for no mistake of hers?'

'Why should my wife pay Rs 5,000 tax for no mistake of hers?'

Rediff.com20 Oct 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.

Jaishankar and Blinken hold talks on various issues

Jaishankar and Blinken hold talks on various issues

Rediff.com28 Jul 2021

This is Blinken's first visit to India after assuming charge as the US Secretary of State and the third by a high-ranking Biden administration official after it came to power in January.

Blinken arrives in India; to discuss various issues with leaders

Blinken arrives in India; to discuss various issues with leaders

Rediff.com27 Jul 2021

Blinken and Indian leaders on Wednesday will discuss a plethora of pressing issues such as the fluid situation in Afghanistan, regional security concerns, COVID-19 response and ways to boost Indo-Pacific engagement, people familiar with the agenda of talks said.

In first outreach after Taliban takeover, Shringla meets Blinken

In first outreach after Taliban takeover, Shringla meets Blinken

Rediff.com3 Sep 2021

Foreign Secretary Harsh Vardhan Shringla has met top Biden administration officials, including Secretary of State Antony Blinken and Deputy Secretary Wendy Sherman, and held substantive discussions with them on the strategic bilateral ties and regional and global issues like the current situation in Afghanistan after the Taliban seized Kabul.

Over Rs 20,000 crore lying unclaimed with LIC

Over Rs 20,000 crore lying unclaimed with LIC

Rediff.com15 Feb 2022

The amount of money lying unclaimed with the Life Insurance Corporation of India dwarfs the budgets of many ministries. There was Rs 21,539.5 crore which lay unclaimed with India's largest insurance company, according to details in the initial public offer (IPO) document it filed over the weekend. The regulatory documentation is ahead of LIC selling shares to the public through the stock exchange for the first time this financial year. This will be India's largest ever public listing.

Start-up lay-offs accelerate on capital crunch worries

Start-up lay-offs accelerate on capital crunch worries

Rediff.com27 May 2022

Falling valuations, slowing funding rounds and faltering investor sentiment seem to have prompted many start-ups to lay off employees in a bid to conserve cash. The latest to do so is SoftBank-backed Cars24, a leading e-commerce platform for pre-owned vehicles, which has laid off over 600 staff, according to sources in the know. The move, they said, is aimed at conserving cash amid cautious investor sentiment and a slowdown in funding.