News for 'Economic Affairs'

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.

Pakistan expels Iran's envoy after airstrike, recalls man in Teheran

Pakistan expels Iran's envoy after airstrike, recalls man in Teheran

Rediff.com17 Jan 2024

Pakistan's ministry of foreign affairs said that the violation of Pakistan's sovereignty is "completely unacceptable" and warned of serious consequences.

In a first, BJP meets SJM, others over joining RCEP

In a first, BJP meets SJM, others over joining RCEP

Rediff.com8 Oct 2019

The BJP's effort comes in the wake of Commerce and Industry Minister Piyush Goyal set to attend the eighth RCEP ministerial meeting in Bangkok from October 10 to 12.

Sorry Mr Modi, Katchatheevu Isn't An Election Issue In Tamil Nadu

Sorry Mr Modi, Katchatheevu Isn't An Election Issue In Tamil Nadu

Rediff.com4 Apr 2024

Rulers in New Delhi and their political aides in sensitive states like Tamil Nadu have to be doubly careful not to provoke a situation whose consequences may be much more than visible now to the naked eye, notes N Sathiya Moorthy.

Modi strongly condemns civilian deaths in Israel-Hamas war

Modi strongly condemns civilian deaths in Israel-Hamas war

Rediff.com18 Nov 2023

Modi said New Delhi has emphasised on dialogue and diplomacy along with restraint to deal with the situation arising out of the Hamas-Israel conflict.

Russia's Unease Over India-US Proximity

Russia's Unease Over India-US Proximity

Rediff.com5 Mar 2024

The scaling up of the India-US strategic partnership to the level of non-NATO ally with defence deals, sharing and transfer of defence technology, interoperability, joint collaboration and joint production of defence equipment has exacerbated Moscow's anxiety, notes Rup Narayan Das.

'If its basic industry is terrorism': Jaishankar on helping Pak

'If its basic industry is terrorism': Jaishankar on helping Pak

Rediff.com23 Feb 2023

Jaishankar also made it clear that it is in nobody's interest to see a country get into severe economic difficulties, and that too a neighbour.

Think-tank funded by Gates, World Bank loses FCRA status

Think-tank funded by Gates, World Bank loses FCRA status

Rediff.com17 Jan 2024

The Union home ministry has cancelled the Foreign Contribution Regulation Act (FCRA) registration of the Centre for Policy Research (CPR) for alleged violation of laws, a move the public think-tank termed "incomprehensible and disproportionate" and vowed to seek legal recourse against.

Consensus or concession by Modi?: Cong on LAC row

Consensus or concession by Modi?: Cong on LAC row

Rediff.com28 Jul 2023

The External Affairs Ministry claimed that more than mere courtesies were exchanged between Prime Minister Narendra Modi and China President Xi Jinping at Bali G20 Meet in November 2022.

Budget 2022: Industry groups want Sitharaman to rationalise I-T slabs

Budget 2022: Industry groups want Sitharaman to rationalise I-T slabs

Rediff.com22 Dec 2021

Rationalisation of income tax slabs, infrastructure status for digital services and incentives to hydrogen storage as well as fuel cell development were some of the suggestions made by various stakeholders at the pre-Budget consultation meeting convened by Finance Minister Nirmala Sitharaman. The customary pre-Budget consultation meetings were held with the finance minister virtually between December 15 and December 22, as per the finance ministry statement. More than 120 invitees representing seven stakeholder groups participated in eight meetings, scheduled during this period, it said.

'BJP Wants India To Become Like Iran'

'BJP Wants India To Become Like Iran'

Rediff.com28 Dec 2023

'Their role model is Iran: high control of the citizens by the State.' In Iran it is Islamic control; in India, it will be Hindutva control.'

Jaishankar-Blinken meet in DC, remain tight-lipped on Nijjar killing row

Jaishankar-Blinken meet in DC, remain tight-lipped on Nijjar killing row

Rediff.com29 Sep 2023

India and the US agreed to continue their cooperation in the areas of defence, space and clean energy as External Affairs Minister S Jaishankar met Secretary of State Antony Blinken here, amid a simmering diplomatic row between India and Canada over the killing of a Khalistani separatist.

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.

Imran Khan Is Not The Change Pakistanis Want

Imran Khan Is Not The Change Pakistanis Want

Rediff.com1 Mar 2024

He is only the agent that can bring them that change for they are quite aware that he has articulated no vision on how to set Pakistan back on the rails, notes Lieutenant General Gautam Moorthy (retd).

Charge sheet filed against Vivo India in money laundering case

Charge sheet filed against Vivo India in money laundering case

Rediff.com7 Dec 2023

The Enforcement Directorate has filed its first charge sheet in connection with its money laundering probe against Chinese smartphone maker Vivo-India and some others, official sources said on Thursday. The prosecution complaint was filed before the court of Special Judge Kiran Gupta in New Delhi on Wednesday under the criminal sections of the Prevention of Money Laundering Act and Vivo-India has been named an accused apart from those arrested in this case, the sources told PTI. The judge posted the matter for consideration on December 13.

Modi's economic ministers get cracking

Modi's economic ministers get cracking

Rediff.com28 May 2014

The ministers have begun the Herculean task of arresting price rise, reviving investor confidence and boosting growth.

Rajnath likely to address Parliament on Sino-India issue on Tuesday

Rajnath likely to address Parliament on Sino-India issue on Tuesday

Rediff.com14 Sep 2020

During the monsoon session, which began on Monday, the Opposition is seeking to corner the government on its handling of the standoff with China along the Line of Actual Control in Ladakh, the COVID-19 situation, economic downturn and unemployment, and is pressing for discussions on these issues.

Time To Establish Diplomatic Relations With Taliban

Time To Establish Diplomatic Relations With Taliban

Rediff.com25 Jan 2024

The Taliban government in Afghanistan is not going anywhere. That being the case, why is the hesitation to establish formal diplomatic relations with the Taliban? asks Lieutenant General Prakash Katoch (Retd).

US okays sale of 31 Predator drones to India in $4-bn deal

US okays sale of 31 Predator drones to India in $4-bn deal

Rediff.com1 Feb 2024

The Agency said it has delivered the required certification notifying Congress of this possible sale on Thursday.

Amid strain ties with India, Canada's FM says...

Amid strain ties with India, Canada's FM says...

Rediff.com1 Nov 2023

Joly said that Ottawa stands by its decision to inform Canadians about the allegations surrounding the killing of Nijjar, but remains engaged with the Indian government on the issue.

Sitharaman, Goyal, Pradhan become members of key Cabinet committees

Sitharaman, Goyal, Pradhan become members of key Cabinet committees

Rediff.com12 Sep 2017

After her elevation as defence minister, Sitharaman has become a member of the cabinet committee on security headed by the prime minister.

It is a world very much of double standards: EAM Jaishankar

It is a world very much of double standards: EAM Jaishankar

Rediff.com24 Sep 2023

There is a growing sentiment in the world and the global South in a way embodies it. But there's also political resistance, he said.

'Modi Fatigue Has Set In'

'Modi Fatigue Has Set In'

Rediff.com3 Apr 2024

'Modigate is snowballing into a huge thing with the electorate. The BJP is in for huge punishment by the electorate.'

Russians Devise Ways To Outwit US, Help India

Russians Devise Ways To Outwit US, Help India

Rediff.com1 Mar 2024

Russian oil supplies to India will continue to flow unhindered and suppliers will come up with ways to sidestep secondary sanctions, a Russian official told Business Standard.

Navy deploys frontline destroyers, frigates in Arabian Sea

Navy deploys frontline destroyers, frigates in Arabian Sea

Rediff.com1 Jan 2024

The Indian Navy has deployed task groups comprising frontline destroyers and frigates in the central and north Arabian Sea and augmented its force levels in the region to undertake maritime security operations in view of recent attacks on commercial vessels in key shipping lanes.

Modi thanks Qatari Emir for release of Navy veterans

Modi thanks Qatari Emir for release of Navy veterans

Rediff.com16 Feb 2024

Prime Minister Narendra Modi on Thursday thanked Qatari Emir Sheikh Tamim bin Hamad Al-Thani for the release of eight Indian nationals, who were sentenced to death after being arrested in Doha in August 2022.

'China will be given a bloody nose'

'China will be given a bloody nose'

Rediff.com23 Feb 2024

'They will continue to keep pricking at places where both of us are sensitive and keep the LAC alive.'

Quotas: Band-Aids Not The Solution

Quotas: Band-Aids Not The Solution

Rediff.com13 Nov 2023

Our caste warriors will not even ask these questions, let alone explore better solutions to address the problems of inequality and skewed life outcomes, argues R Jagannathan.

How INDIA Can Counter Modi's Popularity

How INDIA Can Counter Modi's Popularity

Rediff.com11 Jan 2024

What the INDIA alliance needs is neither a counter to Modi's tall personality and undiminished charisma nor a counter-narrative to his Hindutva agenda, now centred on the Ayodhya temple consecration on January 22, argues N Sathiya Moorthy.

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.

Sonia Gandhi to address Congress plenary session today

Sonia Gandhi to address Congress plenary session today

Rediff.com25 Feb 2023

Congress president Mallikarjun Kharge and former All India Congress Committee chief Sonia Gandhi will address leaders in Nava Raipur, as well as political, economic and international affairs resolutions will be deliberated upon at the party's 85th plenary session on Saturday.

Meet FM's A-team behind Budget 2022

Meet FM's A-team behind Budget 2022

Rediff.com31 Jan 2022

Finance Minister Nirmala Sitharaman will present the much-awaited 2022-23 Union Budget on February 1. While there has been strong recovery in some sectors, touch services like hospitality, tourism and leisure continue to suffer after two Covid-19 waves. Household savings have been hit due to increased spending on health care. Consumption has still not reached pre-pandemic levels.

India can play key role in ending Ukraine war because ...: NSAs at Davos meet

India can play key role in ending Ukraine war because ...: NSAs at Davos meet

Rediff.com14 Jan 2024

Swiss foreign minister Ignazio Cassis said Russia would be asked to join the peace plan discussions at some point in time but to bring Russia on the table would require mediation by some countries.

Trade settlement in rupee: Fearing sanctions by West, banks seek clarity

Trade settlement in rupee: Fearing sanctions by West, banks seek clarity

Rediff.com9 Aug 2022

Banks have raised concerns over the new international trade settlement in rupee, fearing that facilitation of such a mechanism could result in them facing the ire of economic sanctions by the West, people aware of the matter said. Large banks with overseas operations have sought clarity and assurance from the Reserve Bank of India (RBI) that they will not be targeted with sanctions for facilitating rupee trade with a sanction-hit country such as Russia. The present payment mechanism is a shift from earlier such arrangements, like the one with sanction-hit Iran, which involved banks facilitating settlement of international trade that did not have business in the sanctioned nation.

I have no personal ambitions: Chidambaram on Cong polls

I have no personal ambitions: Chidambaram on Cong polls

Rediff.com20 Feb 2023

The former Union minister asserted that an objective analysis of the political situation will lead to the conclusion that the Congress has to be the "pole" around which Opposition unity in the 2024 Lok Sabha election can be built.

Lanka crisis: Gotabaya forms panel to manage finances

Lanka crisis: Gotabaya forms panel to manage finances

Rediff.com7 Apr 2022

The Sri Lankan government has appointed an advisory committee comprising eminent economic and fiscal experts to provide guidance on addressing the current debt crisis and engaging with the International Monetary Fund (IMF) and other lenders as the country struggles to combat the unprecedented shortage of foreign reserves.

'India should not behave like a big brother towards Maldives'

'India should not behave like a big brother towards Maldives'

Rediff.com5 Feb 2024

'India should respect Maldivian nationalism and their desire to be not over-dependent on India.' 'India should not behave like a big brother towards Maldives as many times, we tend to behave like that.'

Back from China, Maldives Prez takes veiled dig at India

Back from China, Maldives Prez takes veiled dig at India

Rediff.com13 Jan 2024

Returning home after a five-day high-profile state visit to China, Maldives President Mohamed Muizzu on Saturday struck a defiant note saying that his country may be small but 'doesn't give them the license to bully us'.

Trade issues that India, Saudi Arabia discussed

Trade issues that India, Saudi Arabia discussed

Rediff.com11 Sep 2023

India and Saudi Arabia on Monday decided to expedite implementation of the $50 billion West Coast refinery project, and identified energy, defence, semiconductor and space as areas for intensified cooperation during talks between Prime Minister Narendra Modi and Saudi Crown Prince Mohammed Bin Salman Bin Abdulaziz Al-Saud.

Fraudsters pose as Finmin officers, assure awards

Fraudsters pose as Finmin officers, assure awards

Rediff.com21 Jul 2011

The Central Board of Direct Taxes, another wing of the Finance Ministry, has also been cautioning people against providing details of their PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail.