News for 'Economic Affairs'

Tatas may choose Singapore as key partner for semiconductor play

Tatas may choose Singapore as key partner for semiconductor play

Rediff.com8 Nov 2024

Tata Sons will likely choose Singapore as a "key partner" for its semiconductor plans, a senior minister from the city-state said on Friday. Speaking to reporters after a meeting with Tata Sons chairman N Chandrasekaran earlier in the day, Singapore's minister for home affairs and law K Shanmugam said semiconductors was a "big discussion" point during the meeting. "If they (Tatas) want to, they can do business with anybody in the world.

'Musk, Vivek biggest threat for China'

'Musk, Vivek biggest threat for China'

Rediff.com24 Nov 2024

United States President-elect Donald Trump's plan to overhaul the government with a new department headed by tech billionaire Elon Musk and Indian-origin entrepreneur Vivek Ramaswamy will be a biggest threat for China as it has to compete with far more efficient US political system, a policy advisor to the Chinese government said.

Quad leaders' summit at Biden home, followed by dinner

Quad leaders' summit at Biden home, followed by dinner

Rediff.com21 Sep 2024

The announcement for the QUAD Caucus came from Congressman Ami Bera, Ranking Member of the House Foreign Affairs Indo-Pacific Subcommittee, Congressman Rob Wittman, and Senators Tammy Duckworth and Pete Ricketts, both members of the Senate Foreign Relations Committee.

Govt nods new finance panel to decide central, states' tax spread

Govt nods new finance panel to decide central, states' tax spread

Rediff.com29 Nov 2023

The government has approved the 'Terms of Reference' for the 16 Finance Commission, which makes recommendations on sharing of tax revenues between the Centre and states. The recommendations would cover a five-year period commencing April 1, 2026, Information and Broadcasting Minister Anurag Thakur said on Wednesday, giving details about the decisions taken at the Cabinet meeting last evening. The commission would submit its report by October 31, 2025, Thakur said.

More on table: Canada hints at fresh sanctions as India denies charges

More on table: Canada hints at fresh sanctions as India denies charges

Rediff.com16 Oct 2024

She said India was asked to waive diplomatic and consular immunity and cooperate in the investigation but refused.

'NSA Mike Waltz would be good for India-US relationship'

'NSA Mike Waltz would be good for India-US relationship'

Rediff.com12 Nov 2024

Waltz after being elected as the Co-Chair of India Caucus in January last year had said that India is the world's largest democracy and an important strategic partner for the United States.

South Asia: It Is Climate Change, Stupid

South Asia: It Is Climate Change, Stupid

Rediff.com21 Sep 2024

India should encourage the second coming of SAARC with climate change as an urgent agenda and keeping Indian security concerns in mind as the subtext, suggest Lieutenant General Ashok Joshi (retd) and Colonel Anil Athale (retd).

India takes first steps to meet 2070 net-zero goal, Niti Aayog forms panels

India takes first steps to meet 2070 net-zero goal, Niti Aayog forms panels

Rediff.com1 Jul 2024

Three years after India declared its goal to become a net-zero economy by 2070, the policy design for achieving the target has begun, with the NITI Aayog forming dedicated multi-sectoral committees to prepare a transition plan. In 2021, India joined a select group of nations that set a target year for becoming net-zero carbon economy. At COP26 in Glasgow, Prime Minister Narendra Modi outlined a five-pronged 'Panchamitra' climate action target for India and committed to a net-zero target by 2070, joining nations like the US, the UK, and China.

'Tax buoyancy can't continue year after year'

'Tax buoyancy can't continue year after year'

Rediff.com16 Feb 2024

'The revenue projection arises out of all sectors doing well and the formalisation of the economy helps in making sure the tax domain gets widened.'

Laos: 47 Indians trapped in cyber scam centres rescued

Laos: 47 Indians trapped in cyber scam centres rescued

Rediff.com31 Aug 2024

At least 47 Indians trapped in cyber scam centres in Laos have been rescued from the Bokeo province of the country, the Indian embassy in the Southeast Asian country said on Saturday.

Why Latin America Loves India And Vice Versa

Why Latin America Loves India And Vice Versa

Rediff.com25 Dec 2024

The warmth and respect for India were evident wherever I went and noticed how most Latin Americans have Indian gurus either directly or online and yoga was very much in vogue, observes Ambassador T P Sreenivasan.

How Government Is Making Use Of AI

How Government Is Making Use Of AI

Rediff.com9 Oct 2024

The National Informatics Centre uses AI to automate document analysis and detect fraud in government departments.

Modi urges global tech CEOs to be part of India growth story

Modi urges global tech CEOs to be part of India growth story

Rediff.com23 Sep 2024

Prime Minister Narendra Modi urged CEOs of US majors to take advantage of India's growth story as the country is making all efforts to become the third largest economy of the world in his third term. India is currently the fifth largest economy of the world after the US, China, Germany and Japan with a GDP of around $3.9 trillion. India has been the fastest growing large economies of the world with GDP growth rate of over 7 per cent for the last three consecutive years.

Divestment: Fearing backlash, govt opts for minority stake sales over outright privatisation

Divestment: Fearing backlash, govt opts for minority stake sales over outright privatisation

Rediff.com25 Dec 2023

With general elections on the horizon, the government's privatisation bandwagon has almost but stalled as a government wary of being accused of selling family silver opts for minority stake sales on stock exchanges over outright privatisation. The result -- the divestment target for current fiscal year is again likely to be missed. Big ticket privatisation plans such as that of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and CONCOR are already on the backburner and analysts feel meaningful privatisation can happen only after April/May general elections.

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.

'Ladakh Made The World Wary Of China'

'Ladakh Made The World Wary Of China'

Rediff.com7 Nov 2024

'While my generation carries with it the memory of the Chinese perfidy of 1962, this generation will carry the memory of Chinese perfidy in Galwan.'

Bibek Debroy may take over as PM's economic advisor

Bibek Debroy may take over as PM's economic advisor

Rediff.com22 Sep 2017

Debroy is expected to have a role and responsibility similar to the erstwhile chairman of the Prime Minister's Economic Advisory Council

Shocking! WFI withdraws Indian team from World Championship!

Shocking! WFI withdraws Indian team from World Championship!

Rediff.com24 Oct 2024

The Wrestling Federation of India conveyed to the world governing body UWW that the sports ministry is interfering with its autonomy.

In touch with India, China, Brazil over Ukraine conflict: Putin

In touch with India, China, Brazil over Ukraine conflict: Putin

Rediff.com5 Sep 2024

Putin's remarks came within two weeks after Prime Minister Narendra Modi's historic visit to Ukraine where he held talks with President President Volodymyr Zelenskyy.

Govt lifts expenditure curbs linked to Covid-19

Govt lifts expenditure curbs linked to Covid-19

Rediff.com24 Sep 2021

The finance ministry on Friday withdrew expenditure curbs on various departments and ministries imposed in June in the wake of the COVID-19 second wave, reflecting improvement in public finances and the urgency to step up growth.

That's why we have CAA: Jaishankar on Biden's 'xenophobia' remark

That's why we have CAA: Jaishankar on Biden's 'xenophobia' remark

Rediff.com4 May 2024

Rejecting the criticism of the CAA, Jaishankar said, "There are people who publicly said on record that because of CAA, a million Muslims will lose their citizenship in this country."

Cabinet okays 32,500 cr for Railways' multi-tracking projects

Cabinet okays 32,500 cr for Railways' multi-tracking projects

Rediff.com16 Aug 2023

The Cabinet Committee on Economic Affairs on Wednesday approved seven multi-tracking projects of Indian Railways at an estimated cost of around Rs 32,500 crore, Union minister Ashwini Vaishnaw said. The proposed projects, which will be fully funded by the Centre, will help increase the existing line capacity, smoothen train operations, reduce congestion and facilitate ease of travelling and transportation. The projects covering 35 districts in nine states -- Uttar Pradesh, Bihar, Telangana, Andhra Pradesh, Maharashtra, Gujarat, Odisha, Jharkhand and West Bengal -- will increase the existing network of Indian Railways by 2,339 km and provide employment of an estimated 7.06 crore man-days to the people of the states.

Economic Survey unlikely in February

Economic Survey unlikely in February

Rediff.com5 Dec 2013

Survey likely to be tabled in July by the new government.

'Consequence of...': India reacts to violent protests in PoK

'Consequence of...': India reacts to violent protests in PoK

Rediff.com17 May 2024

Two days ago, External Affairs Minister S Jaishankar asserted that Pakistan-occupied Kashmir was, is and will always be part of India.

India Should Be Battle Ready With China

India Should Be Battle Ready With China

Rediff.com14 Aug 2024

'With continued focus on votes, upcoming by-polls and purchasing politicians, the political hierarchy has little time for national defence.' 'They would do well to heed a veteran scholar, who says, "There will be war with China in the next few years. The next full scale war will have the involvement of Pakistan and terror elements, insurgents and intelligence assets operating inside India",' warns Lieutenant General Prakash Katoch (retd).

'India-China Ties Will Be Deeply Strained'

'India-China Ties Will Be Deeply Strained'

Rediff.com22 Oct 2024

'Tensions and dialogue are likely to go hand-in-hand with China.' 'The goal should be to cultivate power so that one can negotiate from a position of strength.'

Cong raises LS Dy Speaker post, NEET row at all-party meet

Cong raises LS Dy Speaker post, NEET row at all-party meet

Rediff.com21 Jul 2024

A united opposition is set to corner the NDA government on issues ranging from the NEET paper leak case to railway safety.

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.

Didn't want to impose Article 370 decision: Modi

Didn't want to impose Article 370 decision: Modi

Rediff.com5 Aug 2024

"There was complete clarity in my mind that taking the public in Jammu and Kashmir into confidence was absolutely essential for the execution of the decision," Prime Minister Narendra Modi says about his government's decision to abrogate Article 370 in Jammu and Kashmir.

Over 7,200 Indian students return home post Bangladesh unrest: Govt

Over 7,200 Indian students return home post Bangladesh unrest: Govt

Rediff.com9 Aug 2024

The high commission of India in Dhaka and the assistant high commissions in Chittagong, Rajshahi, Sylhet and Khulna have been assisting in the voluntary return of Indian nationals, he said.

No topic off-limits for Modi, Putin when they meet soon: Kremlin

No topic off-limits for Modi, Putin when they meet soon: Kremlin

Rediff.com3 Jul 2024

Putin and Modi will discuss regional and global security, trade and all other topics on the agenda during their meeting, Peskov was quoted as saying by Russia's state-owned TASS news agency.

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.

We Are In An Era Of Puppets And Puppeteers

We Are In An Era Of Puppets And Puppeteers

Rediff.com31 Dec 2024

'As we enter 2025, it must be acknowledged that there is a convergence of capital, influential people (from business and politics) and technology deciding the destiny of others in the name of pride, patriotism, nationalism, nation building, all of it thinly veiled disguises for personal profit and glory,' asserts Shyam G Menon.

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.

Ravneet Kaur: An IAS officer with varied experience

Ravneet Kaur: An IAS officer with varied experience

Rediff.com17 May 2023

The Appointments Committee of Cabinet has named Ravneet Kaur, a Punjab cadre IAS officer of 1988 batch, as chairperson of the Competition Commission of India (CCI). Kaur will hold the post for five years or until attaining the age of 65. She is the second woman to serve in an 'economic regulator' role after Madhabi Puri Buch, who was appointed chairperson of the Securities and Exchange Board of India last year and the first woman to head the country's chief national competition regulator.

Rs 900 Crores Cyber Scams Prevented!

Rs 900 Crores Cyber Scams Prevented!

Rediff.com6 Dec 2023

...benefiting 350,000 persons. Also, Trai detected and blocked seven million mobile phone connections involved in cyber fraud and suspicious activities.

Finance Secretary TV Somanathan is new Cabinet Secy

Finance Secretary TV Somanathan is new Cabinet Secy

Rediff.com10 Aug 2024

He will succeed incumbent Rajiv Gauba, who completes his unprecedented five-year term in the top bureaucratic post this month-end.

Jaishankar cautions against 'mind game' by China

Jaishankar cautions against 'mind game' by China

Rediff.com23 Feb 2024

Jaishankar said India should be confident enough to "leverage" the international system to create the "best possible outcome".

'Won't Date A Girl From A Slum'

'Won't Date A Girl From A Slum'

Rediff.com26 Aug 2024

Religion and economic barriers continue to define love in modern India, discovers Preshth Bhardwaj.

How To Prepare For XAT 2025

How To Prepare For XAT 2025

Rediff.com22 Oct 2024

Preparing for the XAT requires a balanced approach, focusing on conceptual understanding, regular practice, and strategic planning, says Rahul K Shukla, convenor, XAT and admissions, XLRI-Xavier School of Management.