News for 'Economic Affairs'

'Middlemen' part of Shinde's Davos delegation: Aaditya

'Middlemen' part of Shinde's Davos delegation: Aaditya

Rediff.com15 Jan 2024

Former Maharashtra minister and Shiv Sena-Uddhav Balasaheb Thackeray leader Aaditya Thackeray on Monday claimed nearly '50 people', including 'some middlemen' and personal assistants, will be part of the delegation that will travel with Chief Minister Eknath Shinde for the World Economic Forum (WEF) gathering in Davos, Switzerland.

Additional secretary to replace fin secy in RBI board

Additional secretary to replace fin secy in RBI board

Rediff.com31 Jul 2015

RBI had a board meeting recently.

Probing plot to kill Pannun: US says India needs to hold guilty accountable

Probing plot to kill Pannun: US says India needs to hold guilty accountable

Rediff.com5 Dec 2023

As Finer wrapped up his high-profile visit to India, the White House said Finer 'acknowledged' India's establishment of a committee of enquiry to investigate the 'lethal plotting' and underlined the need for holding accountable those responsible.

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.

'Pro-China' Muizzu meets Modi, agrees to deepen ties with India

'Pro-China' Muizzu meets Modi, agrees to deepen ties with India

Rediff.com2 Dec 2023

India and the Maldives on Friday agreed to set up a core group to further deepen their partnership as Prime Minister Narendra Modi held a 'productive' meeting with newly-elected Maldivian President Mohamed Muizzu and discussed ways to enhance the bilateral friendship across diverse sectors.

Centre gives nod to Delhi minister Atishi for UK visit

Centre gives nod to Delhi minister Atishi for UK visit

Rediff.com7 Jun 2023

The counsel for the Centre said the proposal has been sent to the economic affairs department for further approvals, which would also be processed and the petitioner can apply for requisite visa permits.

Big decisions soon by MHA on PM security lapse: Thakur

Big decisions soon by MHA on PM security lapse: Thakur

Rediff.com6 Jan 2022

Union minister Anurag Thakur on Thursday said the Ministry of Home Affairs (MHA) is gathering information on the security breach during Prime Minister Narendra Modi's visit to Punjab and "big and tough decisions" will be taken.

Shehbaz Sharif rakes up Kashmir after becoming Pak PM for a 2nd time

Shehbaz Sharif rakes up Kashmir after becoming Pak PM for a 2nd time

Rediff.com3 Mar 2024

Shehbaz, 72, who was the consensus candidate of the Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples Party (PPP), received 201 votes, 32 more than what was required to become leader of the House in the 336-member Parliament.

Cooperate fully with Canadian probe into Nijjar killing, Blinken urges India

Cooperate fully with Canadian probe into Nijjar killing, Blinken urges India

Rediff.com29 Sep 2023

External Affairs Minister S Jaishankar on Friday said that the Canadian allegations with regard to the death of a Khalistani separatist was discussed during his meeting with the Secretary of State Tony Blinken a day earlier and noted that the two delegations came out better informed after the meeting.

Why Modi compared RBI ex-governor Urjit Patel to a snake

Why Modi compared RBI ex-governor Urjit Patel to a snake

Rediff.com27 Sep 2023

Under Urjit Patel, the then RBI Governor, the central bank had a habit of making complete about-turns on various issues, including electoral bonds and digital payments, former finance secretary Subash Chandra Garg said in his book titled 'We Also Make Policy: An Insider's Account of How the Finance Ministry Functions.' Citing some instances of about-turns by the then RBI Governor Patel, Garg in his book said, RBI had done so on the electoral bond issue and it had so in case of setting up of Payments Regulatory Board (PRB). RBI also made unilateral decisions like ordering complete data localization for participation in the payment system, Garg wrote in the book which will hit the stands on October 1.

What if 'socialist' and 'secular' go from the Preamble

What if 'socialist' and 'secular' go from the Preamble

Rediff.com14 Mar 2024

It is in circumstances like this that the Constitution becomes extremely important. It reminds us that we have a commitment towards higher human values to fulfil, a path to get back to, suggests Shyam G Menon.Else, we risk being rudderless in an ocean of money and majoritarianism, suggests Shyam G Menon.

Pakistan-China sign pacts to strengthen 'iron-clad friendship'

Pakistan-China sign pacts to strengthen 'iron-clad friendship'

Rediff.com22 Mar 2022

Pakistan's Foreign Minister Shah Mahmood Qureshi and his Chinese counterpart Wang Yi discussed ways to further strengthen the "iron-clad friendship" between the two countries as the two sides signed five agreements to deepen their bilateral cooperation in various fields, the foreign office said on Tuesday.

Can't fight elections, don't have money: Sitharaman

Can't fight elections, don't have money: Sitharaman

Rediff.com27 Mar 2024

Union Finance Minister Nirmala Sitharaman on Wednesday said she declined the offer of the Bharatiya Janata Party to contest elections pleading that she did not have the 'kind of funds' required for fighting the Lok Sabha polls.

Jaishankar meets US officials, discusses security ties

Jaishankar meets US officials, discusses security ties

Rediff.com30 Sep 2023

External Affairs Minister S Jaishankar has met United States Defence Secretary Lloyd Austin and held a productive conversation with him on deepening bilateral defence cooperation, including in the co-production of defence articles, and exchanged perspectives on a variety of security issues.

Threat of global conflict looms large, says IAF chief

Threat of global conflict looms large, says IAF chief

Rediff.com22 Dec 2023

The Air Chief Marshal also said that India's rise in the Global South marks a "pivotal point" in international affairs.

How Much Did Govt Spend On Minorities?

How Much Did Govt Spend On Minorities?

Rediff.com4 Apr 2023

The ministry of minority affairs informed the Lok Sabha that in 2022-2023, it had been allotted Rs 5,020.5 crore (Rs 50.20 billion); in the Revised Estimates, it had got Rs 2,612.66 crore (Rs 26.12 billion); and had spent, until the end of March this year, Rs 712.5 crore (Rs 7,12 billion).

Banks get 8 months to effect TCS on international credit card spend

Banks get 8 months to effect TCS on international credit card spend

Rediff.com31 Jul 2023

The central government has given banks and credit card entities six to eight months to put in place the requisite reporting mechanism and related features to collect tax at source on international credit card transactions, a senior bureaucrat told Business Standard. According to the bureaucrat, the plan to bring overseas credit cards under the Liberalised Remittance Scheme (LRS) has not been mothballed and is simply being deferred so that banks get adequate time to get the system up and running. The official expects the reporting mechanism to be ready in the given time, and the rule could be implemented in the next financial year (2024-25, or FY25).

Why BJP Is More Guilty Than Sam Pitroda

Why BJP Is More Guilty Than Sam Pitroda

Rediff.com15 May 2024

If Pitroda's blunder cost him his office, what should the BJP's unrepentant attitude cost it?, asks Shyam G Menon.

What's Modi Up To?

What's Modi Up To?

Rediff.com24 Apr 2024

No government in the past initiated the process of policy making for its next tenure even before going in for elections. Once the Model Code of Conduct is enforced by the Election Commission, should the government of the day refrain from taking an active interest in policy making for the next five years and let that be the function of the new government?, asks A K Bhattacharya.

Why This 2-Time MP Won't Contest Polls

Why This 2-Time MP Won't Contest Polls

Rediff.com2 Feb 2024

'If businessmen should be included in the political process -- which is essential in my opinion -- they need to have the freedom to express themselves and to take stands against the government of the day, without fear of reprisals and attacks on their business.'

MCC Committee recommends at least 3-match Test series

MCC Committee recommends at least 3-match Test series

Rediff.com9 Feb 2024

A minimum of three-match Test series and the home team footing the bill of the visiting side in a bilateral contest are some of the recommendations made by the MCC's World Cricket Committee.

Day after caste survey, Bihar announces 10 pc EWS quota in legal services

Day after caste survey, Bihar announces 10 pc EWS quota in legal services

Rediff.com3 Oct 2023

The Nitish Kumar government in Bihar on Tuesday announced 10 per cent reservation for economically weaker sections (EWS) in the judicial services, and the state-run law colleges and universities.

Modi meets Israeli Prez in Dubai, says he supports two-state solution

Modi meets Israeli Prez in Dubai, says he supports two-state solution

Rediff.com2 Dec 2023

Prime Minister Narendra Modi on Friday met Israeli President Isaac Herzog and underscored India's support for an early and durable resolution of the Israel-Palestine issue through dialogue and diplomacy.

Coming! New Affordable Housing Scheme

Coming! New Affordable Housing Scheme

Rediff.com5 Feb 2024

The new scheme may be announced before the Lok Sabha elections.

Has Joe Biden Lost Interest In India?

Has Joe Biden Lost Interest In India?

Rediff.com7 May 2024

Had it not been for the slow but sure emergence of China as a threat to the western order, would India have been accepted as a near-equal partner by individual western nations, jointly and severally, questions N Sathiya Moorthy.

Rajiv Mehrishi appointed Finance Secretary

Rajiv Mehrishi appointed Finance Secretary

Rediff.com11 Nov 2014

He was last month appointed as Secretary in Department of Economic Affairs in place of his batchmate Arvind Mayaram, who was first shifted to Tourism and then to Minority Affairs Ministry.

No handshake, Jaishankar greets Pak, China FMs with namaste

No handshake, Jaishankar greets Pak, China FMs with namaste

Rediff.com5 May 2023

Though the two-day SCO Council of Foreign Ministers' meeting began at the Taj Exotica Resort in Benaulim on Thursday evening with a reception hosted by Jaishankar, the main deliberations took place on Friday.

Garg leaves without signing off on Jalan panel report

Garg leaves without signing off on Jalan panel report

Rediff.com26 Jul 2019

Garg had refused to sign on the report finalised by the former Reserve Bank of India governor Bimal Jalan-led committee reviewing the central bank's economic capital framework (ECF).

Baltimore mishap: Indian crew onboard Dali 'healthy'

Baltimore mishap: Indian crew onboard Dali 'healthy'

Rediff.com1 Apr 2024

The Indian crew onboard a crippled container vessel that collided against a key bridge in Baltimore last week is healthy , according to a nonprofit organisation that has been in touch with the personnel.

Will this Budget pull India out of economic slump?

Will this Budget pull India out of economic slump?

Rediff.com1 Feb 2020

The actual expenditure will only be marginally higher and hence, the multiplier effect will be muted.

Draft report on 3 bills to replace criminal laws not adopted

Draft report on 3 bills to replace criminal laws not adopted

Rediff.com27 Oct 2023

A parliamentary committee scrutinising three bills to replace existing criminal laws did not adopt its draft report as scheduled on Friday, taking into account the submission of some opposition members that they needed more time to study it.

Kejriwal got 10 minutes to speak, here's what he told the court

Kejriwal got 10 minutes to speak, here's what he told the court

Rediff.com29 Mar 2024

Delhi Chief Minister Arvind Kejriwal, arrested in the Delhi liquor policy case, on Thursday alleged that the 'actual' excise scam started after the Enforcement Directorate (ED) probe and not when the policy was made and that the agency's 'two main motives' were to crush his Aam Aadmi Party and to declare it corrupt.

Bandh Karo Yeh Electoral Bonds!

Bandh Karo Yeh Electoral Bonds!

Rediff.com14 Nov 2023

Despite the objections raised by Reserve Bank of India and Election Commission, India's politics has been funded anonymously and it is time to end this, asserts Aakar Patel.

Prime Minister Modi scraps 4 Cabinet Committees

Prime Minister Modi scraps 4 Cabinet Committees

Rediff.com10 Jun 2014

In the second major decision to end the UPA government's legacy, Prime Minister Narendra Modi on Tuesday scrapped four cabinet committees, including one on Unique Identification Authority, as part of his efforts to minimise decision-making processes.

'Challenges from Indian govt': Afghan embassy in Delhi shuts down

'Challenges from Indian govt': Afghan embassy in Delhi shuts down

Rediff.com25 Nov 2023

The embassy said it was 'cognisant' that some may attempt to characterise this move as an internal conflict, allegedly involving diplomats who switched allegiance to the Taliban, adding "that this decision is a result of broader changes in policy and interests".

Govt reconstitutes various cabinet panels, Shah in all of them

Govt reconstitutes various cabinet panels, Shah in all of them

Rediff.com6 Jun 2019

Among the panels announced on Thursday is the Appointments Committee of Cabinet (ACC) to be headed by the prime minister with Shah as the other member.

Main Atal Hoon Review: Playing It Safe

Main Atal Hoon Review: Playing It Safe

Rediff.com19 Jan 2024

Had it not been for Pankaj Tripathi, who must have worked hard to get those Vajpayee intonations and mannerisms so perfectly well, Ravi Jadhav's flattering portrait of Vajpayee would have been more vacuous than what we get to see, observes Prasanna Zore.

Situation complex: Jaishankar on Hamas-Israel conflict

Situation complex: Jaishankar on Hamas-Israel conflict

Rediff.com4 Nov 2023

Jaishankar described the October 7 strikes on Israeli cities by Hamas as "terrorism" but at the same time asserted India's long-standing support for a negotiated two-state solution to the Palestine issue.

Govt allocates Rs 928 cr to CBI, down by Rs 40 cr from FY 2024

Govt allocates Rs 928 cr to CBI, down by Rs 40 cr from FY 2024

Rediff.com1 Feb 2024

The agency had received Rs 946.51 crore to manage its affairs in the Budget Estimates for 2023-24, which was later increased to Rs 968.86 crore in the Revised Estimates.

'Private Sector Is Not Firing At 100%'

'Private Sector Is Not Firing At 100%'

Rediff.com4 Feb 2023

'They have started becoming an important player, but not at the same level as they were in the earlier part of the decade.'