News for 'Estimates Committee'

Who's The Indian Child With Mbappe?

Who's The Indian Child With Mbappe?

Rediff.com30 Dec 2022

'Historically, Qatar has done wonders as I don't think this will ever be possible with the new format of the World Cup.'

Tripura polls: BJP manifesto offers greater autonomy but silent on jobs, pension

Tripura polls: BJP manifesto offers greater autonomy but silent on jobs, pension

Rediff.com9 Feb 2023

The BJP also announced a Rs 5 meal scheme for all, named after religious guru Anukul Chandra, and setting up of a Regional Institute of Medical Sciences hospital in Agartala.

'We couldn't imagine this 15 years ago'

'We couldn't imagine this 15 years ago'

Rediff.com16 Jun 2023

'At the heart of the strategic relationship between our countries are economic ties.'

A Chor-Police Potboiler

A Chor-Police Potboiler

Rediff.com7 Mar 2023

The Hyderabad Heist is a blow-by-blow account of an audacious theft committed in 2018, and a recounting of how the Hyderabad Police combined technology and human intelligence to crack the case.

Pak's LeT, JeM have hundreds of fighters, camps in Afghanistan: UN report

Pak's LeT, JeM have hundreds of fighters, camps in Afghanistan: UN report

Rediff.com30 May 2022

The 13th report of the Analytical Support and Sanctions Monitoring Team cites a UN Member State as saying that Jaish-e-Mohammed (JeM), a Deobandi group ideologically closer to the Taliban "maintains eight training camps in Nangarhar, three of which are directly under Taliban control."

Rishi Sunak wins first round of vote in UK PM race

Rishi Sunak wins first round of vote in UK PM race

Rediff.com13 Jul 2022

Former Chancellor Rishi Sunak extended his lead in the United Kingdom prime ministerial race on Wednesday with the highest number of votes at 88 in the first round of voting by Conservative Party MPs, which narrowed down the race from eight to six candidates on the shortlist.

Joshimath: Govt prepares for demolition; NCMC says evacuation must

Joshimath: Govt prepares for demolition; NCMC says evacuation must

Rediff.com10 Jan 2023

The administration started preparing for the demolition of two precariously standing hotels in subsidence-hit Joshimath in Uttarakhand on Tuesday, but faced protests from their owners and locals on the issue of compensation, while more families were evacuated from the danger zone as the number of affected houses rose to over 700.

Rishi Sunak gets 20 nominations needed for British PM race, Priti Patel opts out

Rishi Sunak gets 20 nominations needed for British PM race, Priti Patel opts out

Rediff.com12 Jul 2022

The 42-year-old British Indian MP for Richmond in Yorkshire maintains his lead in the race to replace Boris Johnson as nominations formally opened for the contest.

RBI likely to leave policy rates unchanged till April: Report

RBI likely to leave policy rates unchanged till April: Report

Rediff.com4 Feb 2022

Striking a different note from its peers, US brokerage Bank of America Securities has maintained that the Reserve Bank will leave rates unchanged next week, recognising growth-focused and capex-driven fiscal expansion, which though poses huge price pressure and interest rate risks later. The RBI's rate setting panel Monetary Policy Committee (MPC) will begin its deliberations next Monday and announce the policy moves on Wednesday (February 9) in the backdrop of a massive spike in bond yields post the Budget. Almost all major central banks are in the process of hiking rates to tame inflation.

New Parliament will be paperless -- here's what to expect

New Parliament will be paperless -- here's what to expect

Rediff.com23 Nov 2022

In the new Parliament House, with a soft launch this Winter Session, paper is expected to disappear. For the guidance of ministers, secretaries can scribble notes on linked pads even from their offices to respond to queries from members.

487 trees to make way for Central Vista's executive enclave housing PMO

487 trees to make way for Central Vista's executive enclave housing PMO

Rediff.com13 Apr 2022

The executive enclave will house the new Prime Minister's Office, Cabinet Secretariat, India House and the National Security Council Secretariat.

TN sets up GST advisory body, experts fear it may clash with Centre

TN sets up GST advisory body, experts fear it may clash with Centre

Rediff.com6 Apr 2022

If other states follow suit, it is going to become difficult for the GST Council to decide on the next stage of reforms.

Why India is unlikely to double farmers' income

Why India is unlikely to double farmers' income

Rediff.com2 May 2022

Earlier this month, the Central government said in a reply in Parliament it had taken measures to double farmers' income by the end of FY23 and the progress made so far indicated it was "on the right track". However, a close look at the data and at the assumptions made shows that as of now, it appears the country is unlikely to achieve the goal in real terms.

'Not the time for aggressive fiscal consolidation'

'Not the time for aggressive fiscal consolidation'

Rediff.com28 Dec 2022

The government should not go in for an 'aggressive fiscal consolidation' in the upcoming Budget as global risks have not abated, RBI Monetary Policy Committee (MPC) Member Ashima Goyal said on Wednesday. Goyal further said subsidies are expected to come down as food and energy inflation moderates. WPI inflation in food articles in November was 1.07 per cent against 8.33 per cent in the previous month.

RBI starts 3-day MPC meet amid speculation of rate hike

RBI starts 3-day MPC meet amid speculation of rate hike

Rediff.com6 Jun 2022

The RBI's rate-setting panel MPC on Monday began its three-day deliberation amid expectations of another round of hike in benchmark interest rates to contain inflation that continues to remain above the central bank's upper tolerance level. RBI Governor Shaktikanta Das will announce the decision of the Monetary Policy Committee after deliberations on Wednesday. Das has already indicated that there may another hike in the repo rate, though he refrained from quantifying it.

When will India be a $5 trillion economy? Not before FY29, says IMF

When will India be a $5 trillion economy? Not before FY29, says IMF

Rediff.com10 May 2022

The wait for India to become a $5-trillion economic powerhouse by 2024-25 (FY25) is going to take longer than what the finance ministry had originally intended, according to the International Monetary Fund (IMF). The vision will instead be achieved in 2028-29 (FY29), reveals the IMF data, illustrating a four-year delay. Chief Economic Advisor (CEA) V Anantha Nageswaran had in February said India would become a $5-trillion economy by 2025-26 or the following year, on the back of 8-9 per cent sustained growth rate in real gross domestic product (GDP). However, the IMF data conveys that the economy will be $4.92 trillion in FY28, clearly alluding to the fact that the target will be realised in FY29.

What Is India's True GDP?

What Is India's True GDP?

Rediff.com10 Jan 2022

'How low GDP would have been, we don't know.' 'It raises serious questions because so many indicators are pointing to such a sharp decline and GDP estimates are still showing 4 per cent growth.'

Hindu family in Pakistan tortured for collecting water from mosque

Hindu family in Pakistan tortured for collecting water from mosque

Rediff.com20 Sep 2021

Fetching drinking water from a mosque in Pakistan's Punjab province landed a Hindu family in trouble as some people tortured and held them hostage for 'violating the sanctity' of their place of worship, a media report said.

India's economic growth 'extremely fragile', says RBI MPC member

India's economic growth 'extremely fragile', says RBI MPC member

Rediff.com23 Dec 2022

India's economic growth is now 'extremely fragile' and needs all the support that it can get, as private consumption and capital investment are yet to pick up, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Friday. Varma further said out of the four engines of growth for the economy, exports and government spending supported the Indian economy through the pandemic, but other engines need to pick up the baton now. " I like to think in terms of the four engines of growth for the economy: exports, government spending, capital investment and private consumption. "...while exports cannot be the main driver of growth because of the global slowdown, government spending is necessarily limited by fiscal constraints," he told PTI.

CBI books dancer Leela Samson over irregularities

CBI books dancer Leela Samson over irregularities

Rediff.com14 Dec 2019

The Central Bureau of Investigation has booked ace Bharatnatyam dancer and former Chairperson of Sangeet Natak Akademi Leela Samson for alleged "unfruitful expenditure" in Rs 7.02-crore renovation project of Koothambalam auditorium of Kalakshetra Foundation, Chennai.

Tokyo opens empty Games venues up for public use

Tokyo opens empty Games venues up for public use

Rediff.com27 Jul 2020

The Tokyo Metropolitan Government said it plans to also open up other Olympic venues in the coming months, although that could change depending on the coronavirus situation.

'Khalistan is a business'

'Khalistan is a business'

Rediff.com12 Apr 2023

'Khalistanis can be divided into three categories: Firstly, hardcore ideological people. They are microscopic, not even 1%.' 'Secondly, those who consider Khalistan a business.' 'The third category that has built the narrative of Khalistan are those who gain from polarisation.'

Money, money, money: the cost of Tokyo's pandemic-delayed Games

Money, money, money: the cost of Tokyo's pandemic-delayed Games

Rediff.com23 Jun 2021

Here are some areas where costs have grown, and where income that had been expected will not materialise.

Stimulus package for economic revival 'inadequate': Par panel

Stimulus package for economic revival 'inadequate': Par panel

Rediff.com28 Jul 2021

The stimulus package announced by the government for the revival of the pandemic-hit economy has been found to be "inadequate", according to a Parliamentary panel report. The report of the department-related Parliamentary Standing Committee on Industry on the impact of COVID-19 pandemic on micro, small and medium enterprises (MSME) sector has noted that in the process of economic recovery post-first wave of the pandemic, the second wave has even more vigorously ripped the economy particularly the MSME sector. "The committee observes that the stimulus package announced by the government for the economic revival from the pandemic hit economy has been found to be inadequate as the measures adopted were more of loan offering and long-term measures instead of improving the cash flow to generate demand as immediate relief," it said.

Terrorist attacks drop in J-K post abrogation of Article 370, says govt

Terrorist attacks drop in J-K post abrogation of Article 370, says govt

Rediff.com1 Dec 2021

The number of terrorist incidents in Jammu and Kashmir during a period of 841 days after Article 370 was revoked dipped to 496 from the 843 cases reported in a same span of time prior to the abrogation, the government informed Rajya Sabha on Wednesday.

Ban on single-use plastic kicks in from July 1

Ban on single-use plastic kicks in from July 1

Rediff.com30 Jun 2022

Violation of the ban will invite punitive action, including a fine or a jail term or both, detailed under Section 15 of the Environment Protection Act (EPA) and under bylaws of respective municipal corporations, they said. For effective enforcement of the ban, national and state-level control rooms have been set up and special enforcement teams formed to check illegal manufacture, import, stocking, distribution, sale and use of banned SUP items, officials in the ministry said.

Realty goldmine or citizen minefield, Dharavi makeover gets wiggle room

Realty goldmine or citizen minefield, Dharavi makeover gets wiggle room

Rediff.com10 Oct 2022

Shankar Prajapati, a 57-year-old potter in Dharavi, has given up hope of getting a bigger house for his family. He lives cheek by jowl in a hutment measuring 200 square (sq.) feet (ft) in the nondescript shanty town. "We have surrendered to our fate. We cannot wait forever for better accommodation. "Perhaps we are not meant to dream big," despairs Prajapati. Raju Korde, president, Dharavi Redevelopment Committee, and a local resident, agrees with Prajapati.

How much black money is stashed abroad?

How much black money is stashed abroad?

Rediff.com25 Jun 2019

The studies found that sectors with the highest unaccounted income included real estate, mining, pharmaceuticals, pan masala, gutkka and tobacco, bullion and commodity markets, film industry, educational institutes and professionals.

Tokyo Olympics: Yen for Losing Money

Tokyo Olympics: Yen for Losing Money

Rediff.com28 Jul 2021

Atanu Biswas explains the economics behind hosting a Games in pandemic times.

Third Covid wave in India may peak in early Feb: IIT-Kanpur study

Third Covid wave in India may peak in early Feb: IIT-Kanpur study

Rediff.com24 Dec 2021

The third wave of the COVID-19 pandemic in India may peak by February 3, 2022, claims a modelling study by researchers at Indian Institute of Technology Kanpur.

EVs to drive auto capex up by Rs 70,630 crore in 5 years

EVs to drive auto capex up by Rs 70,630 crore in 5 years

Rediff.com13 Jun 2022

Automobile manufacturers, new and old, as well as ancillary suppliers are set to spend a combined Rs 70,630 crore over the next five years on either entering the electric vehicle segment or stepping up their presence in it. Data culled from announcements made by firms shows India, the world's fifth largest automobile market, is poised to receive one of the biggest capex pushes ever to fuel the transition from internal combustion engines to electric motors and batteries as part of a green drive. The EV push, egged on by the government's emphasis on electric mobility to meet its net zero targets, is expected to yield at least 25 electric vehicles - new ones as well as electrified versions of existing vehicles running on internal combustion engines.

5 prominent Indian-Americans to contest Nov 8 US Congress midterm polls

5 prominent Indian-Americans to contest Nov 8 US Congress midterm polls

Rediff.com5 Nov 2022

The four incumbents -- Ami Bera, Raja Krishnamoorthi, Ro Khanna and Pramila Jayapal -- are likely to be re-elected. All four are from the Democratic party.

Bengaluru riots 'pre-planned', 'communally motivated': Report

Bengaluru riots 'pre-planned', 'communally motivated': Report

Rediff.com4 Sep 2020

The fact finding panel headed by retired District Judge Srikanth D Babaladi, had retired IAS officer Madan Gopal, retired IFS officer R Raju among others which include retired bureaucrats, journalists, advocates, professors and social workers.

A Budget With An Eye On Elections

A Budget With An Eye On Elections

Rediff.com10 Feb 2023

Nirmala Sitharaman's messaging was clear when she presented a well-balanced Budget with an eye on state elections in nine states followed by a general election next year, observes Ramesh Menon.

It's final: Rishi Sunak will face off with Liz Truss for British PM post

It's final: Rishi Sunak will face off with Liz Truss for British PM post

Rediff.com20 Jul 2022

Rishi Sunak on Wednesday clinched his place for the final leg of the race to succeed Boris Johnson and will go head-to-head with Foreign Secretary Liz Truss as one of two finalists to take charge as Conservative Party leader and British prime minister.

Will Kerala Go North-East Way To BJP?

Will Kerala Go North-East Way To BJP?

Rediff.com13 Mar 2023

If Kerala wants to sustain its room for independent thinking and talk back to Delhi when needed, it should put its finances in order. Or - if one takes the North East example - Kerala's political posturing may end up commensurate with its financial dependence on others, suggests Shyam G Menon.

Another 35-50 bps repo rate hike on cards

Another 35-50 bps repo rate hike on cards

Rediff.com14 Sep 2022

With retail inflation surprising on the upside, the six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) is expected to increase the repo rate by 35-50 basis points (bps) in the review scheduled for September 28-30. According to economists, the central bank will continue to focus on bringing inflation down even though economic growth has remained sluggish. Data released by the government on Monday showed that the consumer price index (CPI)-based inflation increased by 7 per cent year-on-year (YoY) in August, thus, staying above the upper tolerance limit of the central bank for all the eight months of 2022.

UK PM race: Rishi Sunak holds on to lead ahead of voting

UK PM race: Rishi Sunak holds on to lead ahead of voting

Rediff.com13 Jul 2022

The first round of ballots will be cast on Wednesday in the race to elect a new Conservative Party leader who will succeed Boris Johnson as United Kingdom Prime Minister, with British Indian former finance minister Rishi Sunak holding on to his lead.

GST Revenues: Centre won't give states more

GST Revenues: Centre won't give states more

Rediff.com15 Nov 2021

'We have already given Rs 1.59 trillion to states.' 'So, there is no question of giving them more.'

NSSO report puts a hole through govt's GDP claims

NSSO report puts a hole through govt's GDP claims

Rediff.com8 May 2019

The technical report of the NSSO has generated controversy following its observation that as much as 36 per cent units forming part of MCA-21 database, used in computing GDP, could not be either identifiable or traceable in the field.