News for 'Economic Affairs'

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.

Tamil Nadu bureaucrat K Rajaraman is new telecom secretary

Tamil Nadu bureaucrat K Rajaraman is new telecom secretary

Rediff.com1 Oct 2021

Tamil Nadu cadre IAS officer K Rajaraman on Friday took charge as the new telecom secretary. His joining comes following the superannuation of Anshu Prakash on September 30. "Shri K Rajaraman, IAS (TN:89) takes charge as Secretary, @DoT_India in presence of senior officials of the department," a PIB tweet said. He was serving as the additional secretary for investments at the Department of Economic Affairs before being promoted to the position of secretary, DoT.

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.

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.

After being left out, Rajnath inducted in key Cabinet panels

After being left out, Rajnath inducted in key Cabinet panels

Rediff.com6 Jun 2019

The change came amid reports that the presence of Amit Shah, who was made home minister in the second Narendra Modi dispensation after Singh held the charge in the first between 2014-19, in all eight committees had highlighted his position as the second most powerful person in the new government.

'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.'

AAP's vision document to outline economic policy

AAP's vision document to outline economic policy

Rediff.com30 Jan 2014

The document includes inputs from various groups such as labour and farmer unions and industry.

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.

Obama's economic advisor to leave post, go back to academia

Obama's economic advisor to leave post, go back to academia

Rediff.com29 May 2013

Currently Chairman of the President's Council of Economic Advisers, Krueger plans to return to his position as Bendheim Professor of Economics and Public Affairs at Princeton University at the end of the summer.

Customary 'Halwa ceremony' kickstarts Budget proceedings

Customary 'Halwa ceremony' kickstarts Budget proceedings

Rediff.com23 Jan 2021

As part of the ritual, ''halwa'' is prepared in a big ''kadhai'' (large frying pot) and served to the entire staff involved in the Budget making exercise of the ministry. Halwa was served while maintaining COVID protocol with all present in mask and those distributing sweets were wearing gloves.

'India should have greater role in world affairs'

'India should have greater role in world affairs'

Rediff.com19 Apr 2007

Seeking an expansion of the UN Security Council, he said India, Japan and Germany should be included in the Security Council as permanent members but without veto power.

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.

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.

Railways, India Post not among PSUs to go on sale block

Railways, India Post not among PSUs to go on sale block

Rediff.com6 Feb 2021

The department of investment and public asset management (Dipam) can also seek in-principle approval from the Cabinet Committee on Economic Affairs (CCEA) for strategic divestment of PSUs on a case-to-case basis considering investor appetite and sectoral trends.

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.

Angus Deaton wins Nobel Prize for economics

Angus Deaton wins Nobel Prize for economics

Rediff.com13 Oct 2015

Deaton was at a loss when asked what the future held.

Centre keen to boost economic intelligence body

Centre keen to boost economic intelligence body

Rediff.com12 Apr 2012

To capitalise on the proposed changes in the Budget and the information on black money available with the government, the government is revitalising the economic intelligence council (EIC) headed by finance minister Pranab Mukherjee.

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