News for 'Economics Associate Director'

ED summons Maha NCP chief in IL&FS money laundering case

ED summons Maha NCP chief in IL&FS money laundering case

Rediff.com11 May 2023

The 61-year-old MLA from Islampur seat of Maharashtra has been asked to depose before the federal agency in Mumbai on Friday, they said. Patil, a former minister of home and finance, is also the Maharashtra president of the NCP and is a seven-term legislator.

The Star Gazer Stars At TIME Gala

The Star Gazer Stars At TIME Gala

Rediff.com26 Apr 2024

At this year's TIME ball in New York City on Thursday, April 25, you would have run into a Coimbatore-born American scientist, looking lovely in Sabyasachi Mukherjee designer finery, who would most likely have been hanging out with Dua Lipa.

Bambai Meri Jaan Review: Gansgter Gush

Bambai Meri Jaan Review: Gansgter Gush

Rediff.com14 Sep 2023

Bambai Meri Jaan features horrific massacres and violence so brutal that it ought not to be seen on a home entertainment platform, warns Deepa Gahlot..

Monsoon ends in India with 'below average' rainfall

Monsoon ends in India with 'below average' rainfall

Rediff.com30 Sep 2023

The southwest monsoon season concluded on Saturday with India receiving 'below-average' cumulative rainfall -- 820 mm compared to the long-period average of 868.6 mm -- in an El Nino year.

First-time women directors deepen talent pool

First-time women directors deepen talent pool

Rediff.com13 Apr 2015

BSE-200 companies's list shows that 96 companies had woman directors.

COVID-19 crisis: How YMCA helps the economically weak

COVID-19 crisis: How YMCA helps the economically weak

Rediff.com25 Apr 2020

'It is only natural that in such a national crisis, we should lend a helping hand to the less privileged members of our communities.'

Steel Man of India, Jamshed J Irani, passes away at 86

Steel Man of India, Jamshed J Irani, passes away at 86

Rediff.com1 Nov 2022

Jamshed J Irani, known as the steel man of India, died in Jamshedpur late Monday night, Tata Steel said. He was 86. "The Steel Man of India passes away. It is with profound grief that Tata Steel informs of the demise of Padma Bhushan Dr Jamshed J Irani," Tata Steel said in a statement. He passed away on October 31, 2022 at 10 PM at TMH (Tata Hospital) in Jamshedpur, it said.

Rate Hike: Realtors Feel The Pinch

Rate Hike: Realtors Feel The Pinch

Rediff.com4 Mar 2023

'The rising cost of construction, the cost of doing business, high compliance, and inflation/interest rates going up have already reduced returns to single digits.'

NewsClick editor Prabir Purkayastha arrested, office sealed

NewsClick editor Prabir Purkayastha arrested, office sealed

Rediff.com4 Oct 2023

The Delhi police on Tuesday arrested two persons including NewsClick founder Prabir Purkayastha in connection with a probe in the portal's foreign funding, officials said.

Biden nominates ex-Mastercard CEO Ajay Banga to head World Bank

Biden nominates ex-Mastercard CEO Ajay Banga to head World Bank

Rediff.com23 Feb 2023

At the World Bank Banga will be replacing David Malpass, a former Trump treasury official, reports axios.com. Malpass had already announced that he will resign by July, months ahead of his term expired. "Ajay is uniquely equipped to lead the World Bank at this critical moment in history," President Biden said in a statement. Banga, 63, currently serves as vice chairman at General Atlantic.

'General Zia was real startled'

'General Zia was real startled'

Rediff.com21 Mar 2024

'But he was very quick and did a very stylish adab.' 'Of course, I didn't expect him to hug.'

Globally, airlines' losses will be down to $9.7 bn this year

Globally, airlines' losses will be down to $9.7 bn this year

Rediff.com20 Jun 2022

The airlines' losses globally are expected to be down from $52 billion in 2021 to $9.7 billion this year and industry-wide profit should be on the horizon in 2023, Director General of IATA Willie Walsh said in Doha on Monday. International Air Transport Association (IATA) represents some 290 airlines comprising 83 per cent of global air traffic. Walsh, in his inaugural speech at the 78th annual general meeting of IATA here, said that while the outlook for airlines globally is positive, the business environment remains challenging.

Has India's 'Bad Bank' Worked Or Not?

Has India's 'Bad Bank' Worked Or Not?

Rediff.com26 Sep 2023

The target was for banks to sell Rs 2 trillion worth of non-performing assets to NARCL, the so-called 'bad bank, by 2021-2022. Only 10 per cent of this has been executed.

Govt extends Foreign Trade Policy by 6 months

Govt extends Foreign Trade Policy by 6 months

Rediff.com26 Sep 2022

The government has decided to postpone the release of the new Foreign Trade Policy (FTP) and extend the existing one by six months on account of global uncertainties and currency fluctuations. The government was scheduled to announce the new FTP by the end of September. The current policy was to end on September 30.

Rs 253-cr assets of Nirav Modi group in HK attached

Rs 253-cr assets of Nirav Modi group in HK attached

Rediff.com22 Jul 2022

The Enforcement Directorate Friday said it has attached gems, jewellery and bank deposits worth Rs 253.62 crore of some Hong Kong-based companies of fugitive diamond merchant Nirav Modi as part of a money laundering probe. Some assets of Nirav Modi group of companies in Hong Kong were identified in the form of gems and jewelleries lying in private vaults and bank balances in accounts maintained there and these have been provisionally attached under sections of the Prevention of Money Laundering Act (PMLA), the federal probe agency said in a statement. The amount kept in banks amounts to $30.98 million and Hong Kong dollars 5.75 million, which is equivalent to Rs 253.62 crore (as on July 22, 2022), it said.

India may get normal rainfall in Aug-Sept, El Nino influence likely: IMD

India may get normal rainfall in Aug-Sept, El Nino influence likely: IMD

Rediff.com1 Aug 2023

Rainfall in August is predicted to be below normal (less than 94 per cent of LPA), but the situation is expected to improve comparatively in September, the IMD said.

Is IIT-Delhi director a casualty of politics?

Is IIT-Delhi director a casualty of politics?

Rediff.com2 Jan 2015

Though the Union HRD ministry has vehemently denied that Shevgaonkar resigned under government pressure, some allege that this is yet another example of the government exercising its influence over educational institutions

Pandemic sees first-time car buyers take the wheel

Pandemic sees first-time car buyers take the wheel

Rediff.com10 Sep 2021

First-time buyers of cars and sport utility vehicles (SUVs) have made a comeback, shows last year's data from top passenger vehicle (PV) makers. If the trend persists, it may move the needle on the overall car penetration ratio. India's car penetration ratio is 32 per 1,000 people - one of the lowest, compared to mature car markets like the US and Europe.

Romer to succeed Basu as World Bank chief economist

Romer to succeed Basu as World Bank chief economist

Rediff.com18 Jul 2016

Paul Romer, a New York University professor and economist

Investors continue to be bullish on gold ETFs

Investors continue to be bullish on gold ETFs

Rediff.com11 Mar 2021

Investors pumped Rs 491 crore in gold exchange traded funds (ETFs) in February as they seem be taking advantage of the lower domestic prices caused due to declining international rates, appreciating rupee and reduction in custom duty. This came following a net investment of Rs 625 crore in January and Rs 431 crore in December. Prior to this, gold ETFs had seen an outflow of Rs 141 crore in November, data available with Association of Mutual Funds in India showed.

'As a daughter of Indian immigrants, I'm proud to serve President Obama'

'As a daughter of Indian immigrants, I'm proud to serve President Obama'

Rediff.com17 Dec 2014

Aditi Hardikar says she is proud to honour her parents' sacrifices by giving back to her community and country.

'India's cities highly segregated on the basis of caste and religion'

'India's cities highly segregated on the basis of caste and religion'

Rediff.com31 Jul 2023

'Government supplied public services are less likely to be found in neighbourhoods with high numbers of Scheduled Castes and Muslims.'

ED raids Franklin Templeton premises in money laundering case

ED raids Franklin Templeton premises in money laundering case

Rediff.com16 Mar 2023

The Enforcement Directorate is conducting searches at some places linked to asset manager Franklin Templeton and its former and current executives as part of a money laundering investigation, officials said on Thursday. The federal agency is looking to gather more evidence as part of its investigation against the company and its promoters under the Prevention of Money Laundering Act (PMLA). Office and residential premises in Mumbai and Chennai are being searched, they said.

'Trust can only be earned over long periods of time'

'Trust can only be earned over long periods of time'

Rediff.com26 Jun 2023

'This is still a relatively immature defense and high-tech relationship.'

Auditor named in Hindenburg report resigns from Adani company

Auditor named in Hindenburg report resigns from Adani company

Rediff.com3 May 2023

A small Ahmedabad-based chartered accountancy firm, whose appointment was questioned by a US short seller in its scathing report against the conglomerate run by billionaire Gautam Adani, has resigned due to "pre-occupation", Adani Total Gas Ltd said. Hindenburg Research in its January 24 report that levelled allegations of fraud, stock manipulation and money laundering against the Adani group, had also raised the issue of the size and capability of the firms auditing the conglomerate. Adani group has repeatedly denied all allegations.

FPIs' net investments cross Rs 51,000 cr in 2021

FPIs' net investments cross Rs 51,000 cr in 2021

Rediff.com29 Dec 2021

Waves of foreign portfolio investments worth over Rs 51,000 crore splashed into the Indian market in 2021 as overseas investors turned net buyers of domestic securities for the third straight year while excess global liquidity and other factors steered the ebb and flow of their investing ways. With the global financial system still flush with liquidity, emerging market assets, especially equities, might well remain the preferred investment avenue for many more months to come, experts opined. As the equities sizzled during most of 2021, that also saw economy slowly coming back into the recovery path, Foreign Portfolio Investors (FPIs) turned net buyers but their investment is much less compared to net inflows of Rs 1.03 lakh crore in 2020.

Railway job seekers made to count trains, duped of crores

Railway job seekers made to count trains, duped of crores

Rediff.com20 Dec 2022

They had been told that this was part of their training for positions of travel ticket examiner (TTE), traffic assistants and clerks, and each of them paid amounts ranging between Rs 2 lakh and Rs 24 lakh to get the jobs in the Railways, according to a complaint filed with the Delhi Police's Economic Offences Wing (EOW).

Airline industry to post $9.8 bn net profit this year: IATA

Airline industry to post $9.8 bn net profit this year: IATA

Rediff.com5 Jun 2023

Fuelled by rising passenger traffic and reviving local economies, the global airline industry is projected to record a net profit of $9.8 billion this year, IATA Director General Willie Walsh said on Monday and also made a strong pitch for having global standards for a Sustainable Aviation Fuel (SAF) book and claim system to help reduce carbon emissions. While addressing the Annual General Meeting of the International Air Transport Association (IATA) here, Walsh also flagged concerns about supply chain issues that are raising costs as well as limiting the ability of airlines to deploy aircraft. He also pointed out that decarbonising aviation is a serious issue and governments must not be allowed to use it to shore up exchequer finances.

Gold ETFs log inflow for 5th month on trot amid COVID-19

Gold ETFs log inflow for 5th month on trot amid COVID-19

Rediff.com11 Sep 2020

The inflows meant assets under management of gold ETFs climbed by over 4 per cent to Rs 13,503 crore at the end of August from Rs 12,941 crore at July-end.

Top Carmakers Post Double-Digit Export Growth With Maruti At The Wheel

Top Carmakers Post Double-Digit Export Growth With Maruti At The Wheel

Rediff.com4 Jan 2023

Clock 11% growth in the first 11 months of 2022.

Kejriwal asked to collect Rs 500 cr: Conman Sukesh Chandrashekhar

Kejriwal asked to collect Rs 500 cr: Conman Sukesh Chandrashekhar

Rediff.com5 Nov 2022

AAP alleged that the BJP had struck a deal with the "conman sitting in Tihar''.

In India, taxes on cars are among the highest

In India, taxes on cars are among the highest

Rediff.com29 Sep 2020

Cars and two-wheelers attract 28% GST and a cess in the range of 3-22%, taking the effective tax rate to up to 50%.

Time To Abolish Quotas?

Time To Abolish Quotas?

Rediff.com17 Jul 2023

Ultimately quotas kill talent and true meritocracy, argues R Jagannathan.

ED conducts raids against Vivo in money laundering probe

ED conducts raids against Vivo in money laundering probe

Rediff.com5 Jul 2022

The Enforcement Directorate (ED) on Tuesday conducted searches at 44 places across the country in a money laundering investigation against Chinese smartphone manufacturing company Vivo and related firms, officials said. The searches are being carried out under sections of the Prevention of Money Laundering Act (PMLA) at locations in several states including in Delhi, Uttar Pradesh, Meghalaya, Maharashtra and others. The agency is conducting searches at 44 places related to Vivo and associated companies, they said.

PFI wanted to establish 'Islamic rule' in India by 2047: ATS

PFI wanted to establish 'Islamic rule' in India by 2047: ATS

Rediff.com9 Feb 2023

The ATS stated this in its chargesheet filed in a local court last week against five PFI members who were arrested last year for allegedly indulging in unlawful activities and waging a war against the country.

FPIs withdraw Rs 6,400 cr from equity markets

FPIs withdraw Rs 6,400 cr from equity markets

Rediff.com8 May 2022

Foreign investors have pulled over Rs 6,400 crore from the Indian equity market in the first four trading sessions of the ongoing month when the Reserve Bank of India (RBI) and US Federal Reserve raised interest rates. Given the headwinds in terms of elevated crude prices, inflation, tight monetary policy among others, FPIs' flows in India are expected to remain volatile in the near term, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities, said. Foreign Portfolio Investors (FPIs) remained net sellers for seven months to April 2022, withdrawing a massive amount of over Rs 1.65 lakh crore from equities. This was largely on the back of anticipation of a rate hike by the US Federal Reserve and due to the deteriorating geopolitical environment following Russia's invasion of Ukraine.

Markets cheer Economic Survey; Sensex up nearly 500 points

Markets cheer Economic Survey; Sensex up nearly 500 points

Rediff.com27 Feb 2015

Sensex firm on favourable GDP numbers for FY16.

Will Modi succeed in selling BJP's economic vision to India's financial elite?

Will Modi succeed in selling BJP's economic vision to India's financial elite?

Rediff.com21 Feb 2014

Around 250 financial market players will participate in a closed door meeting with Narendra Modi on February 27.

Nora was jealous of Jacqueline, wanted me to date her: Conman

Nora was jealous of Jacqueline, wanted me to date her: Conman

Rediff.com21 Jan 2023

Sukesh in a press statement issued through his lawyers Anant Malik and A K Singh stated that Nora Fatehi always brainwashed him against Jacqueline, so she wanted him to leave Jacqueline and start dating her.

CBI moves SC against Anil Deshmukh's bail

CBI moves SC against Anil Deshmukh's bail

Rediff.com17 Dec 2022

The high court had on December 12 granted bail to the 73-year-old NCP leader in the case but said the order will be effective after 10 days