News for 'Economic Affairs'

Was Narasimha Rao India's Best Prime Minister?

Was Narasimha Rao India's Best Prime Minister?

Rediff.com22 Aug 2023

'He told senior journalists a few days after the Babri Masjid demolition, 'Jo hua theek hua. Maine isliye hone diya ki BJP ki rajniti hamesha ke liye khatam ho jaye.'

Ganga bridge project involving Chinese firms cancelled

Ganga bridge project involving Chinese firms cancelled

Rediff.com29 Jun 2020

The capital cost of the entire project, including a 5.6-km-long bridge, other minor bridges, underpasses and a rail overbridge, was estimated at over Rs 2,900 crore. The decision to cancel the project came in the backdrop of the killing of 20 Indian soldiers in a clash with Chinese troops in eastern Ladakh's Galwan Valley on June 15.

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.

Modi To Visit 2nd Muslim Nation In A Month

Modi To Visit 2nd Muslim Nation In A Month

Rediff.com12 Jul 2023

Prime Minister Narendra Modi will visit Abu Dhabi on July 15.

NO CASE for S&P ratings downgrade: Mayaram

NO CASE for S&P ratings downgrade: Mayaram

Rediff.com20 May 2013

Mayaram said the concerns over the pace of implementing economic reforms were "overstated".

How PM Modi Became Saint Modi

How PM Modi Became Saint Modi

Rediff.com27 Nov 2023

The transmogrification of Prime Minister Modi to Saint Modi began with the ground-breaking ceremony of the Ram temple in Ayodhya. By identifying himself with Lord Ram, Modi raised himself in popular imagination to a saintly person.

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.

Will govt restart rupee-rouble trade?

Will govt restart rupee-rouble trade?

Rediff.com10 Mar 2022

The government may soon give the green light to bilateral trade between Russia and India in their national currencies to avoid any trade disruptions, multiple people aware of the matter said. While the Department of Commerce has recommended the proposal, an announcement is likely to be made by the finance ministry after further deliberations between the Department of Economic Affairs and Department of Financial Services. "The finance ministry will take a call on how to peg the two currencies," a senior government official told Business Standard. In the past, the two nations have had rupee-rouble trade, and when such an arrangement is implemented again, it will bypass the sanctions imposed on Russia by the West.

Biden's point person on Russian sanctions to visit India

Biden's point person on Russian sanctions to visit India

Rediff.com30 Mar 2022

In New Delhi, Singh will continue US administration's ongoing consultations with India, and advance a range of issues in the US-India economic relationship and strategic partnership.

Cabinet paves way for privatisation of govt-owned insurers

Cabinet paves way for privatisation of govt-owned insurers

Rediff.com29 Jul 2021

The Union Cabinet has approved amendments to the General Insurance Business (Nationalisation) Act, paving the way for privatisation of government-owned insurers. The amendments, approved by Cabinet, will remove the clause for the Centre to hold at least 51 per cent in public sector insurance companies at any given time. It will also have an enabling provision for the transfer of management control from the government to the potential buyer of the public sector insurance company. The finance ministry will move amendments to the insurance Act in the ongoing Parliament session.

Bhutan PM to meet PM, Pranab tomorrow

Bhutan PM to meet PM, Pranab tomorrow

Rediff.com6 Feb 2013

In a sign of deepening bilateral ties, Bhutan Prime Minister Jigmi Y Thinley will arrive in New Delhi on a three-day visit during which he will hold talks with the top leadership on hydro-electric projects among other issues.

Israel's Gaza Offensive And The US Dilemma

Israel's Gaza Offensive And The US Dilemma

Rediff.com13 Oct 2023

Israel needs to come terms with the new reality that they are no longer invincible or the dominant power in the West Asian region, observes Ambassador M K Bhadrakumar.

'Global markets see uncertainty but India still a bright spot'

'Global markets see uncertainty but India still a bright spot'

Rediff.com23 Feb 2016

'Whatever happens in any part of the world affects us.'

1001 Nunakal Review: When Confessions Go Wrong

1001 Nunakal Review: When Confessions Go Wrong

Rediff.com18 Aug 2023

Though the lies hardly go beyond extramarital affairs and conception problems, they are laid out by arresting storytellers who raise the stakes while speaking in tongues not wiped clean to make progressive points (No Made in Heaven-type diddling, here), notes Sreehari Nair.

Govt to borrow Rs 2.68 lakh cr in H2

Govt to borrow Rs 2.68 lakh cr in H2

Rediff.com30 Sep 2019

With the Rs 1.45 lakh crore tax dole threatening to upset budgeted numbers, Economic Affairs Secretary Atanu Chakraborty sought to allay concerns saying the government is sticking to the glide path of keeping fiscal deficit at 3.3 per cent of the GDP in the current fiscal.

Top bureaucrat takes a jibe at RBI

Top bureaucrat takes a jibe at RBI

Rediff.com3 Nov 2018

Economic Affairs Secretary Subhash Garg is the finance ministry's primary liaison with the RBI.

Dr M S Swaminathan, who made India self-sufficient in food, passes away

Dr M S Swaminathan, who made India self-sufficient in food, passes away

Rediff.com29 Sep 2023

Renowned agricultural scientist M S Swaminathan and the driving force behind the nation's 'Green Revolution,' passed away in Chennai on Thursday.

Red carpet to Chinese FM instead of red eyes: Cong slams govt

Red carpet to Chinese FM instead of red eyes: Cong slams govt

Rediff.com3 Mar 2023

He alleged that India "lost access to 26 out of 65 Patrolling Points" which was not the case before May 2020, and questioned the Modi government's "silence" on the issue.

India denies reports of sending troops to Sri Lanka

India denies reports of sending troops to Sri Lanka

Rediff.com11 May 2022

'The High Commission would like to categorically deny speculative reports in sections of media and social media about #India sending her troops to Sri Lanka. These reports and such views are also not in keeping with the position of the Government of #India,' the Indian mission said on Twitter.

Modi embarks on 3-nation tour, to attend G7 in Japan

Modi embarks on 3-nation tour, to attend G7 in Japan

Rediff.com19 May 2023

Prime Minister Narendra Modi on Friday embarked on a tour of Japan, Papua New Guinea and Australia to attend three key multilateral summits including that of the G7 grouping and Quad.

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