News for 'Economic Affairs'

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.

There are many 'difficult issues', but...: US on India ties amid Pannun row

There are many 'difficult issues', but...: US on India ties amid Pannun row

Rediff.com5 Dec 2023

US Principal Deputy NSA Jonathan Finer said the US and India have a "complicated history" and they have not always been "wholly aligned".

'Anti-India Sentiment Was Extremely High'

'Anti-India Sentiment Was Extremely High'

Rediff.com6 Aug 2024

'In the interim, India will be confronted with anti-India feeling because Sheikh Hasina had India's support.' 'We will have to deal with it, but it will not be a permanent phenomenon.' 'There is substantial goodwill towards India which will stand us in good stead.'

Shaktikanta Das: RBI Governor Who Walks The Talk

Shaktikanta Das: RBI Governor Who Walks The Talk

Rediff.com13 Mar 2024

'Das is friendly, but he finally does what he does. The quality of engagement is very good.'

Gaza war: India firm on anti-terrorism, urges sustainable Palestinian solution

Gaza war: India firm on anti-terrorism, urges sustainable Palestinian solution

Rediff.com22 Nov 2023

External Affairs Minister S Jaishankar, who addressed the virtual meeting on behalf of Prime Minister Narendra Modi, also pointed out that in response to the crisis in Gaza, India has sent 70 tonnes of humanitarian assistance and will continue its relief assistance.

India Gains Upper Hand In China Port Rivalry

India Gains Upper Hand In China Port Rivalry

Rediff.com15 Apr 2024

The Sittwe deal is more significant than Chabahar in Iran, where India has rights to operate only two terminals and not the port itself.

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.

India, Iran sign 10-year Chabahar pact

India, Iran sign 10-year Chabahar pact

Rediff.com13 May 2024

India and Iran on Monday signed a 10-year contract for the operation of a terminal at the strategically important Chabahar port in Iran, a move that will boost regional connectivity as well as trade ties. This is the first time India will take over the management of an overseas port that will also have a multiplier effect on trade among India, Iran and Afghanistan as efforts continue to directly tap the potential in Central Asia, bypassing neighbouring Pakistan.

More Freebies In The Interim Budget?

More Freebies In The Interim Budget?

Rediff.com15 Dec 2023

The rising goods and services tax (GST) and personal income-tax collections may bolster the Narendra Modi government's ability to announce new schemes or enhance existing ones.

'Sharia Was Used To Deny Alimony'

'Sharia Was Used To Deny Alimony'

Rediff.com11 Jul 2024

'Who has seen what Sharia is? Who knows what actual Sharia is?'

BRICS doubles in size with 5 new members; Putin hints at further expansion

BRICS doubles in size with 5 new members; Putin hints at further expansion

Rediff.com3 Jan 2024

In August, the top BRICS leaders at the grouping's summit in Johannesburg approved a proposal to admit six countries, including Argentina, into the bloc with effect from January 1.

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).

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.

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.

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.

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.

'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.

'Pakistan Army Wants To Fix Imran Khan'

'Pakistan Army Wants To Fix Imran Khan'

Rediff.com22 Jul 2024

'Five months after the elections in February 2024, the Pakistan army has not been able to break Imran Khan's resolve and break his political party.'

'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.

'BJP Has 6,000 Crores To Spend On Elections'

'BJP Has 6,000 Crores To Spend On Elections'

Rediff.com19 Apr 2024

'Not even a single rupee from the electoral bonds should be allowed to be used in the election.' 'If it is used in the election, it will taint India's electoral process itself.'

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.

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).

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.

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.

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.

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.

'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.'

Foreign Policy As A Poll Tool Can Be Harmful

Foreign Policy As A Poll Tool Can Be Harmful

Rediff.com29 May 2024

It is time the political leaderships in this country arrived at a common ground over issues of foreign and security policy concerns. There has to be a greater communication between the government and the Opposition leaderships for the nation to present a unified face against the rest of the world, advises N Sathiya Moorthy.

Meet Subhash C Garg, the new DEA secretary

Meet Subhash C Garg, the new DEA secretary

Rediff.com23 Jun 2017

DEA is currently headed on an interim basis by Corporate Affairs Secretary Tapan Ray

'Modi pips Xi in handling domestic, int'l affairs'

'Modi pips Xi in handling domestic, int'l affairs'

Rediff.com19 Mar 2015

Prime Minister Narendra Modi has pipped Chinese President Xi Jinping to secure the top rank in handling domestic and international affairs in a global survey conducted by a Chinese firm.

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.

As finance secretary, Garg rubbed too many the wrong way

As finance secretary, Garg rubbed too many the wrong way

Rediff.com25 Jul 2019

Owing to Finance Minister Nirmala Sitharaman being new to her role, a number of crucial announcements in the Budget bore Garg's imprint, especially the decision to borrow in overseas markets, reduce the fiscal deficit as a percentage of gross domestic product, and resort to off-Budget borrowing to meet that target, says Arup Roychoudury.

Govt readying a real-time master list of economic offenders

Govt readying a real-time master list of economic offenders

Rediff.com1 Aug 2018

Officials say that such a list, to be updated on a real-time basis, will serve as a ready reckoner in identifying those committing multiple economic offences

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.

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.

Neighbourhood First At Modi's Swearing-In

Neighbourhood First At Modi's Swearing-In

Rediff.com9 Jun 2024

Engagement with neighbours is a strategic imperative, and not an option, asserts Rup Narayan Das.

Former governor slams govt for meddling in RBI affairs

Former governor slams govt for meddling in RBI affairs

Rediff.com9 Feb 2019

'There is merit in keeping the central bank's balance sheet strong if the government's fiscal balance sheet is weak.'

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.

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.

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.