News for 'Estimates Committee'

Australia not to pursue Assange case with US

Australia not to pursue Assange case with US

Rediff.com7 Jun 2013

Australia has said it would not pursue the case of Wikileaks founder Julian Assange with the United States any further as it no longer serves the country's interests.

SC suggests Project Tiger-like plan to save great Indian bustard from extinction

SC suggests Project Tiger-like plan to save great Indian bustard from extinction

Rediff.com30 Nov 2022

Coming to the rescue of the critically endangered great Indian bustard (GIB), the Supreme Court on Wednesday mooted the idea of launching 'Project GIB' on the lines of 'Project Tiger', which was started in 1973 to save the big cats, and sought the government's view on the proposal.

Karnataka approves cyber security policy for curbing crimes, data privacy

Karnataka approves cyber security policy for curbing crimes, data privacy

Rediff.com10 Aug 2023

Responding to a question, he said, "It may also deal with fake news, though there is no specific mention in this regard."

Olympics: T20 an excellent platform to take cricket to global market

Olympics: T20 an excellent platform to take cricket to global market

Rediff.com16 Oct 2023

'It is great news (cricket in Olympics) if you are a business-person. America has a large section of Asian expats, who are crazy about cricket and they will fill the stadium and of course will follow the game on TV or streaming apps.'

Lok Sabha passes supplementary grants without debate

Lok Sabha passes supplementary grants without debate

Rediff.com21 Mar 2023

On March 13, Minister of State for Finance Pankaj Chaudhary had tabled the second batch of supplementary demands for grants in the House amounting to a total of Rs 2,70,508.89 crore.

'Public AI infrastructure we create would help startups'

'Public AI infrastructure we create would help startups'

Rediff.com9 Jan 2024

'Similar to the case of the digital payment system where the government created a public platform and others joined in, we are exploring a similar structure to create a PPP platform where the compute required for AI could be accessed by the small player.'

Al Qaeda helping regional proxy to spread to J-K, says UN report

Al Qaeda helping regional proxy to spread to J-K, says UN report

Rediff.com27 Jul 2023

Terror group Al Qaeda is "shaping" its regional affiliate in the Indian subcontinent to spread its operations into Jammu and Kashmir, Bangladesh and Myanmar, according to a UN report.

Electric 2-wheeler players take on heavy industries dept on FAME 2

Electric 2-wheeler players take on heavy industries dept on FAME 2

Rediff.com28 Apr 2023

Companies making electric two-wheelers, through their association Society of Manufacturers of Electric Vehicles (SMEV), have taken on the Department of Heavy Industries (DHI), saying they did not get subsidies for even half the mandated 1 million units they manufactured. Subsidies are given under Faster Adoption and Manufacturing of Hybrid and Electric Vehicles 2 (FAME II). In a petition to the parliamentary standing committee on industry energy and estimates, the SMEV said the department had done an "accounting error" by showing that it (the department) was close to achieving the mandated target by including sales of the EVs that were "not funded" under the scheme.

'A flight to remember': When an MP turned pilot for another MP

'A flight to remember': When an MP turned pilot for another MP

Rediff.com14 Jul 2021

So, how does it feel when a fellow Parliamentarian doubles up as your commercial aircraft pilot?

'Crypto is serious threat to financial stability'

'Crypto is serious threat to financial stability'

Rediff.com11 Mar 2024

'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'

'Israelis have no morals, no ethics'

'Israelis have no morals, no ethics'

Rediff.com29 Jan 2024

'How can you shoot somebody raising a white flag, even if he's a fighter, when he's surrendered?'

RBI likely to hike rate by 25 bps on Apr 6

RBI likely to hike rate by 25 bps on Apr 6

Rediff.com29 Mar 2023

The Reserve Bank may go for a final 25 basis points increase in the current rate hike cycle next week and a reduction would come in only by the end of third quarter of FY24, economists at Axis Bank said on Wednesday. As per media reports, RBI officials met economists on Tuesday, and the latter have suggested the central bank to go for a 25 basis points hike in key rates. Since May 2022, the RBI has hiked rates by 250 basis points, hurting borrowers and some are already concerned about loan tenors extending beyond their working lives as a result of the hikes.

Rs 1,800 cr: Construction cost of Ayodhya's Ram Temple

Rs 1,800 cr: Construction cost of Ayodhya's Ram Temple

Rediff.com12 Sep 2022

The construction of the temple is expected to be completed by December 2023 and Lord Ram is expected to be seated in the sanctum sanctorum by the Makar Sankranti festival in January 2024.

Big pay day! BCCI could earn USD 1.15 billion in revenue share

Big pay day! BCCI could earn USD 1.15 billion in revenue share

Rediff.com10 May 2023

BCCI could earn USD 1.15 billion in revenue share from the ICC during the next five-year cycle.

PCB unhappy with ICC's revenue sharing model

PCB unhappy with ICC's revenue sharing model

Rediff.com16 May 2023

"In principle, India should get more, there is no doubt about that but ... how is this table being developed?" Sethi said.

ITBP gets 9400 personnel to guard 47 new China border posts

ITBP gets 9400 personnel to guard 47 new China border posts

Rediff.com15 Feb 2023

According to the government sanction, the fresh manpower will be utilised for manning 47 new border posts and a dozen 'staging camps' or troops bases along this frontier.

Isro executes controlled re-entry of decommissioned satellite

Isro executes controlled re-entry of decommissioned satellite

Rediff.com8 Mar 2023

The Indian Space Research Organisation said it successfully carried out an "extremely challenging" controlled re-entry experiment of the decommissioned orbiting Megha-Tropiques-1 (MT-1) satellite.

RBI keeps repo rate and FY24 GDP growth forecast unchanged at 6.5%

RBI keeps repo rate and FY24 GDP growth forecast unchanged at 6.5%

Rediff.com8 Jun 2023

The Reserve Bank of India on Thursday opted for a pause second time in a row, maintaining key benchmark policy rate at 6.5 per cent as inflation moderates. The rate increase cycle was paused in April after six consecutive rate hikes aggregating to 250 basis points since May 2022. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) unanimously decided to keep the rate unchanged at 6.5 per cent.

'Chandrayaan-3 could revolutionise space travel'

'Chandrayaan-3 could revolutionise space travel'

Rediff.com22 Aug 2023

'A person weighing 68 kilograms on the Earth would weigh only over 11 kg on the Moon'

Goldilocks position for Indian equities is getting questioned: Jefferies

Goldilocks position for Indian equities is getting questioned: Jefferies

Rediff.com17 Aug 2023

Rising crude oil prices, traction in China equities and inflation concerns back home are casting a shadow on the Indian equity markets in the short term, believe analysts at Jefferies. They said this could see the markets remaining range-bound in the near term before the next leg up.

Indian Millennials Spend Rs 4K A Month On Fitness

Indian Millennials Spend Rs 4K A Month On Fitness

Rediff.com30 Jun 2023

India is among the top three emerging markets in the wellness economy.

Haneef probe cost Aus $7.5 mn: Report

Haneef probe cost Aus $7.5 mn: Report

Rediff.com18 Feb 2008

The Australian police spent a whopping $ 7.5 million probing Mohammed Haneef, who was wrongly accused of terror charges, the country's police chief said on Monday while claiming that the Indian doctor did not have a case for compensation.

Budget Good 1st Act. RBI's Monetary Policy 2nd

Budget Good 1st Act. RBI's Monetary Policy 2nd

Rediff.com4 Feb 2023

Let's wait for the monetary policy on February 8 -- to see how it complements the fiscal commitments, points out Tamal Bandyopadhyay.

Independent valuers give Rs 13,000 crore liquidation value for Reliance Capital

Independent valuers give Rs 13,000 crore liquidation value for Reliance Capital

Rediff.com1 Dec 2022

Independent valuers have given a liquidation value of up to Rs 13,000 crore for Reliance Capital, sources said. The Reliance Capital administrator, in the Committee of Creditors (CoC) meeting held on Wednesday, presented the valuation reports of the independent valuers - Duff & Phelps and RBSA, to the lenders. According to sources, independent valuers Dufff & Phelps and RBSA have given a liquidation value of around Rs 13,000 crore for Reliance Capital (RCAP).

Aus, India, Japan, US looking at common issues

Aus, India, Japan, US looking at common issues

Rediff.com28 May 2007

Jennifer Rawson, from the Department of Foreign Affairs and Trade, told a Senate Estimates Committee that officials from the four nations had met recently for preliminary discussions, The Age reported on Monday.

RBI may maintain status-quo on interest rate, say experts

RBI may maintain status-quo on interest rate, say experts

Rediff.com30 Jul 2023

The Reserve Bank is likely to maintain status-quo on the key interest rates for the third time in a row in its upcoming bi-monthly policy review despite the US Federal Reserve and the European Central Bank hiking benchmark rates, as domestic inflation is within the RBI's comfort zone, say experts. The borrowing cost which started rising in May last year has stabilised with RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent. In the previous two bi-monthly policy reviews in April and June the benchmark rate was retained.

Central Vista project, including new Parliament saw many court cases

Central Vista project, including new Parliament saw many court cases

Rediff.com28 May 2023

The project was announced in September 2019 and Prime Minister Narendra Modi laid the foundation stone of the new Parliament building on December 10, 2020.

No info on bodies dumped in Ganga during Covid: Govt

No info on bodies dumped in Ganga during Covid: Govt

Rediff.com7 Feb 2022

Responding to a question in the Rajya Sabha, Minister of State for Jal Shakti Bishweswar Tudu said the National Mission for Clean Ganga (NMCG) sought from the state governments concerned a report on the bodies found floating in the river and the action taken or contemplated for ensuring proper handling, management and disposal of bodies for ensuring the protection of Ganga.

'Gaza is running out of water, electricity, even body bags'

'Gaza is running out of water, electricity, even body bags'

Rediff.com16 Oct 2023

'Answer to killing civilians cannot be to kill more civilians. Imposing a siege and bombarding civilian infrastructure in a densely populated area will not bring peace and security to the region'

Crisil, Icra lower India growth projections

Crisil, Icra lower India growth projections

Rediff.com21 Nov 2022

Rating agencies Crisil and Icra on Monday revised down their India growth projections for the current fiscal and the second quarter mainly due to the ripple effect of slowdown in global growth and mixed crop output. Crisil downgraded the India growth forecast by 30 bps to 7 per cent while Icra pegged the economic expansion at 6.5 per cent for the second quarter of FY2022-23. "We have revised down our forecast for real gross domestic product growth to 7 per cent for fiscal 2023 from 7.3 per cent, primarily because of the slowdown in global growth that has started to impact our exports and industrial activity.

Highlights of RBI's monetary policy

Highlights of RBI's monetary policy

Rediff.com30 Sep 2022

Benchmark interest rate hiked by 50 basis points to 3-year high at 5.90 per cent. Economic growth projection for FY23 cut to 7% from 7.2% estimated in August. GDP expected to grow at 6.3% in September quarter, 4.6% each in December and March quarters.

Rs 1,900 crore deficit likely to hit infrastructure projects in FY23

Rs 1,900 crore deficit likely to hit infrastructure projects in FY23

Rediff.com20 Apr 2022

The Parliamentary Standing Committee on Commerce has observed that a massive shortfall in the budgetary allocation of over Rs 1,900 crore by the finance ministry to the industry department may have an adverse impact on the implementation of infrastructure (infra) projects in 2022-23 (FY23). While the Department for Promotion of Industry and Internal Trade (DPIIT) had sought Rs 10,267 crore from the finance ministry for FY23, it received Rs 8,348-crore allocation. For the National Industrial Corridor Development & Implementation Trust (NICDIT), the finance ministry has allocated Rs 1,500 crore instead of Rs 2,400 crore demanded for the project.

Freebies, pre-poll guarantees galore as BJP, Congress woo MP voters

Freebies, pre-poll guarantees galore as BJP, Congress woo MP voters

Rediff.com9 Oct 2023

A fierce competition among parties to offer freebies and guarantees, a scramble for tribal, OBC, women votes and a touch of Hindutva -- all have combined to make the Madhya Pradesh assembly polls a high-stakes battle with main rivals BJP and the Congress pulling out all the stops to gain power.

Centre starts process of eviction, sale of enemy properties worth Rs 1 lakh cr

Centre starts process of eviction, sale of enemy properties worth Rs 1 lakh cr

Rediff.com19 Mar 2023

There are a total of 12,611 establishments called enemy property, roughly estimated to be worth over Rs 1 lakh crore, in the country.

CAG to audit reconstruction of Delhi CM's residence

CAG to audit reconstruction of Delhi CM's residence

Rediff.com27 Jun 2023

The Union home ministry has recommended the special CAG audit taking note of a May 24 letter by Lieutenant Governor V K Saxena which pointed out 'gross and prima facie financial irregularities' in the 'reconstruction' of the chief minister's official residence, they claimed.

Special officer may pass Delhi civic budget as mayoral poll still in limbo

Special officer may pass Delhi civic budget as mayoral poll still in limbo

Rediff.com9 Feb 2023

If this happens, it will be an "unprecedented development" in the civic body's journey as budget is traditionally passed by a House, they said.

RBI hikes lending rate by 35 bps to 6.25%; home, auto loans to be expensive

RBI hikes lending rate by 35 bps to 6.25%; home, auto loans to be expensive

Rediff.com7 Dec 2022

The Reserve Bank of India (RBI) on Wednesday raised the benchmark lending rate by 35 basis points to 6.25 per cent in a bid to tame inflation, which has remained above its tolerance level for the past 11 months. With the latest hike, the repo rate or the short-term lending rate at which banks borrow from the central bank now has crossed 6 per cent. This is the fifth consecutive rate hike after a 40 basis points increase in May and 50 basis points hike each in June, August and September.

Checks On Drug-Making Units Begins

Checks On Drug-Making Units Begins

Rediff.com29 Dec 2022

The joint inspections is to ensure the safety, efficacy, and quality of drugs available in the country

Monkeypox declared a public health emergency in New York City

Monkeypox declared a public health emergency in New York City

Rediff.com31 Jul 2022

New York City mayor Eric Adams and New York City department of health and mental hygiene commissioner Ashwin Vasan on Saturday declared a public health emergency due to the monkeypox outbreak.

'The violence will stop decisively very soon'

'The violence will stop decisively very soon'

Rediff.com26 Jun 2023

'If the Kukis and Meiteis are the warring groups, then we need to find space for a third group which can mediate between the two.'