News for 'Estimates Committee'

Number of poor people in India? NITI Aayog will find out

Number of poor people in India? NITI Aayog will find out

Rediff.com8 Apr 2015

The 14-member task-force will develop a working definition of poverty.

Japan's indigenous Ainu dance dropped from opening ceremony

Japan's indigenous Ainu dance dropped from opening ceremony

Rediff.com21 Feb 2020

Ainu dancers were told there wasn't room to fit the dance into the July 24 performance

Centre may offer an exit window to cryptocurrency holders

Centre may offer an exit window to cryptocurrency holders

Rediff.com12 Apr 2021

The government is considering a provision to provide an exit window to holders of cryptocurrencies (cryptos), keeping in mind that banning them outright could deal a blow to investors sitting on them for years. According to sources in the government, the framework in the making may propose a grace period of three to six months for investors before prohibiting the possession, trading, mining, and issuing of cryptos. A group of secretaries chaired by the Cabinet secretary is learnt to have met in mid-March and discussed issues associated with cryptos, including the consequences of banning them and also on possible substitutes of blockchain technology - an advanced technology Bitcoin uses.

Arvind Subramanian's GDP claim has stirred up a hornet's nest

Arvind Subramanian's GDP claim has stirred up a hornet's nest

Rediff.com12 Jun 2019

Subramanian's paper comes at a time when concerns have been raised in various quarters about the official economic growth numbers. The Economic Advisory Council-PM said the Base Year of India's income calculations were shifted to 2011-12 on the basis of recommendations of several committees with experts in national income accounting.

BEWARE! Fraud Journals On The Rise

BEWARE! Fraud Journals On The Rise

Rediff.com27 Nov 2021

Cloned journals have become more rampant in the post-pandemic world.

GST rate on COVID vaccines, medical supplies left unchanged

GST rate on COVID vaccines, medical supplies left unchanged

Rediff.com28 May 2021

The GST Council on Friday left taxes on COVID-19 vaccines and medical supplies unchanged after the BJP- and Opposition-ruled states sparred over whether tax cut benefits will reach the common man. Congress and other Opposition ruled states have been demanding a reduction in taxes but the central government felt the move may not result in tangible gains for people. "It is one thing to rush to say - do this, it will benefit the common man. But when the technical, fitment and law committees go into the details, you realise that that could have collateral impact on many others," Finance Minister Nirmala Sitharaman said. "I am not talking about the revenue generation aspect, but how many other items will get included in it as a result of which how you are going to implement it," she added.

How Insolvency Process is being Gamed

How Insolvency Process is being Gamed

Rediff.com15 Jul 2021

The brand new bankruptcy process is being brazenly gamed by those with connections and money. The touts and fixers of the previous regime have been replaced by a new set close to this one, observes Debashis Basu.

NRIs can't vote online in Lok Sabha polls, EC clarifies

NRIs can't vote online in Lok Sabha polls, EC clarifies

Rediff.com21 Feb 2019

Rejecting news reports, a Commission spokesperson said no such facility has been extended.

Jalan panel moots RBI transfer surplus reserves to govt in 3-5 years

Jalan panel moots RBI transfer surplus reserves to govt in 3-5 years

Rediff.com17 Jul 2019

A high-level panel led by former RBI governor Bimal Jalan, set up to decide the appropriate capital reserves that the central bank should maintain, on Wednesday finalised its report.

If not for loan recast, banks' NPAs would have touched 20-year high

If not for loan recast, banks' NPAs would have touched 20-year high

Rediff.com10 Aug 2020

The major beneficiaries of loan recasting will be sub-Rs 500 crore corporate exposures and retail exposures, which were earlier expected to see the highest increase in NPAs in percentage terms.

Finmin pins hope on vaccine drive for robust recovery in services sector

Finmin pins hope on vaccine drive for robust recovery in services sector

Rediff.com11 Feb 2021

FY22 will be the year to rebuild with the IMF projecting output growth at 11.5 per cent, economic survey at 11.0 per cent and the RBI's Monetary Policy Committee at 10.5 per cent.

Price of piped water to all households = Rs 5 trillion

Price of piped water to all households = Rs 5 trillion

Rediff.com5 Aug 2019

The current estimate, however, largely covers only the cost of infrastructure such as pipes, construction of borewells, overhead costs among others and not the expenditure to be incurred on operation and maintenance.

'Rural spread poses significant danger'

'Rural spread poses significant danger'

Rediff.com18 May 2021

'There is a deep stigma or taboo attached to COVID-19 in rural areas.' 'People don't want to test because they fear social exclusion.' 'Even those who test positive may not reveal and not follow the quarantine protocol.'

Budget 2021: Govt may target fiscal deficit at 4% of GDP by 2025-26

Budget 2021: Govt may target fiscal deficit at 4% of GDP by 2025-26

Rediff.com25 Jan 2021

To enable widen the fiscal deficit beyond the permissible limit under the present legislation, the government may have to propose amendment to the FRBM Act in the Finance Bill.

Why govt's employment data is not reliable

Why govt's employment data is not reliable

Rediff.com30 Oct 2018

Concerned with the continuous downward revision, the EPFO has since last month begun counting people quitting their previous jobs and joining a new one as an addition to the net payroll.

Doubts resurface over govt's jobs data, as EPFO cuts payroll numbers

Doubts resurface over govt's jobs data, as EPFO cuts payroll numbers

Rediff.com21 Aug 2018

The payroll data has been revised downwards for each of the nine months between September 2017 and May this year

Pak SC pulls up authorities for failing to stop attack on Hindu temple

Pak SC pulls up authorities for failing to stop attack on Hindu temple

Rediff.com6 Aug 2021

The apex court took suo motu notice of the case after patron-in-chief of the Pakistan Hindu Council Dr Ramesh Kumar met the Chief Justice on Thursday.

'Strong economy attracts investment'

'Strong economy attracts investment'

Rediff.com8 Jun 2021

'I'm not sure it's a bubble.'

GDP growth overestimated by 2.5%: Arvind Subramanian

GDP growth overestimated by 2.5%: Arvind Subramanian

Rediff.com11 Jun 2019

India's gross domestic product product (GDP) growth rate between 2011-12 and 2016-17 should be about 4.5 per cent instead of the official estimate of close to 7 per cent, he said in a research paper published at Harvard University. "The Indian policy automobile has been navigated with a faulty, possibly broken, speedometer," he says in the paper.

Karnataka: Pay hikes due in 2017, unions get restless

Karnataka: Pay hikes due in 2017, unions get restless

Rediff.com8 Jul 2016

State employees in Karnataka will have to wait longer for wage hike.

Yamuna damage report 'unscientific and illogical': Sri Sri's AOL

Yamuna damage report 'unscientific and illogical': Sri Sri's AOL

Rediff.com19 Aug 2016

Demanding a fresh probe by an "unbiased" panel, AOL lawyer Kedar Desai and environment expert Prabhakar Rao told a press conference in Noida that "no damage" was caused to the environment due to the event held in March.

Indian pharma firms working on new repurposed drug for Covid-19

Indian pharma firms working on new repurposed drug for Covid-19

Rediff.com2 Sep 2020

Many companies globally are working on plasma research to develop and manufacture hyperimmune globulin therapies from plasma donations.

Why Amit Mitra is important to Mamata

Why Amit Mitra is important to Mamata

Rediff.com27 Nov 2021

No longer Bengal's finance minister, Amit Mitra, Mamata's principal chief advisor, will still advise and aid the 'chief minister and finance department on all matters relating to management of state finance', represent the 'state government in national and international events/meetings/committees' and examine 'important proposals/files and policy issues relating to financial matters referred to him for advice/views'.

'Members who quit NSC didn't express reservations during meetings'

'Members who quit NSC didn't express reservations during meetings'

Rediff.com30 Jan 2019

The statement comes in the wake of two independent members of the NSC, P C Mohanan and J V Meenakshi, quitting the Commission over disagreements with the government on the back-series GDP data and delay in release of labour force survey. Mohanan was also the acting chairperson of the Commission.

Will rebuild vandalised Hindu temple: Khyber-Pakhtunkhwa CM

Will rebuild vandalised Hindu temple: Khyber-Pakhtunkhwa CM

Rediff.com1 Jan 2021

Addressing a health card distribution ceremony in Peshawar, Chief Minister Khan said the government has issued orders to rebuild the temple. The attack on the temple in Terri village in Khyber Pakhtunkhwa's (KP) Karak district on Wednesday drew strong condemnation from human rights activists and the minority Hindu community leaders.

Govt 'failure' left millions of migrants hungry during lockdown

Govt 'failure' left millions of migrants hungry during lockdown

Rediff.com26 Aug 2020

Only two in every five migrants said they received ration or cooked food from the administration either daily or at times.

Govt to snip red-tape in PSU sale approval, cut time frame by 90%

Govt to snip red-tape in PSU sale approval, cut time frame by 90%

Rediff.com7 Apr 2021

The idea is to do away with the need for the approval of the Core Group of Secretaries on Divestment for privatisation of companies, especially in non-strategic sectors.

Sensex ends 163 pts higher after RBI policy; financial stocks rally

Sensex ends 163 pts higher after RBI policy; financial stocks rally

Rediff.com6 Feb 2020

IndusInd Bank was the top gainer in the Sensex pack, rallying over 4 per cent, followed by SBI, Bajaj Finance, Bharti Airtel, Axis Bank, Sun Pharma, HDFC and PowerGrid.

Tokyo bans Olympic spectators amid COVID-19 emergency

Tokyo bans Olympic spectators amid COVID-19 emergency

Rediff.com8 Jul 2021

The Olympics will take place without spectators in host city Tokyo, organisers said on Thursday, as a resurgent coronavirus forced Japan to declare a state of emergency in the capital that will run throughout the event.

Facebook's lobbying practices in India may be probed before election

Facebook's lobbying practices in India may be probed before election

Rediff.com5 Mar 2019

The parliamentary committee on IT has recently been in the news for asking global representatives of Twitter, Facebook, WhatsApp and Instagram to present their views on misuse of social media platforms and its impact on citizens.

Should we scrap quarterly job surveys?

Should we scrap quarterly job surveys?

Rediff.com16 Jan 2019

A government panel examined the records of employees surveyed by Labour Bureau's quarterly enterprises surveys and mapped it with the EPFO's subscribers and found "unexplained variations" between the two.

PM to lay foundation of new Parliament building today

PM to lay foundation of new Parliament building today

Rediff.com10 Dec 2020

Modi will also perform the ground-breaking ceremony for the building, which is expected to be completed by 2022 at an estimated cost of Rs 971 crore.

How India can improve quality of data collection

How India can improve quality of data collection

Rediff.com22 Jan 2020

As a well-wisher of the Indian Statistical System and part of the system for more than 37 years, Sunil K Sinha, former DG and CEO of NSSO, offers suggestions to improve data quality.

India loses hosting rights of 2021 men's World Boxing

India loses hosting rights of 2021 men's World Boxing

Rediff.com28 Apr 2020

India lost the hosting rights of the 2021 men's World Boxing Championship to Serbia after the national federation failed to pay the host fee, prompting the International Boxing Association (AIBA) to terminate the agreement signed in 2017. The elite competition, which would have happened for the first time in the country, will now be held in the Serbian city of Belgrade.

BSNL, MTNL failed to use most of the govt funds

BSNL, MTNL failed to use most of the govt funds

Rediff.com30 Dec 2012

During financial year 2011-12, MTNL was able to use only 14.66 per cent of the Budget estimate, while BSNL reported a better performance, according to a report by the standing committee on information technology.

Dalit leader Charanjit Singh Channi is new Punjab CM

Dalit leader Charanjit Singh Channi is new Punjab CM

Rediff.com20 Sep 2021

The Congress picked Charanjit Singh Channi as the next chief minister of Punjab, making him the first Dailt to hold the post in the state, a day after Amarinder Singh resigned following a bitter power tussle in the party.

After Rahul's jibe, 'govt sources' say UPA started process to buy VVIP jets

After Rahul's jibe, 'govt sources' say UPA started process to buy VVIP jets

Rediff.com7 Oct 2020

They noted that the exercise had begun in 2011 and an Inter-Ministerial Group submitted its recommendations in 2012 after meeting for 10 times.

L&T's bid to buy Mindtree stake gets CCI nod

L&T's bid to buy Mindtree stake gets CCI nod

Rediff.com5 Apr 2019

L&T has acquired Cafe Coffee Day-owner V G Siddhartha's 20.32 per cent stake in Mindtree and has also placed an order with brokers to pick up another 15 per cent shares from the open market.

Another Chinese invasion! India's cotton exports in trouble

Another Chinese invasion! India's cotton exports in trouble

Rediff.com3 Mar 2017

Chinese government was expected to start sales from its cotton reserves on March 6.

How must govt use RBI's Rs 1.76 lakh crore

How must govt use RBI's Rs 1.76 lakh crore

Rediff.com30 Aug 2019

'The Jalan Committee has now provided very clear guidelines on how the (RBI's) balance sheet should be looked at, what kind of disclosures should be made, what are the principles on which the Contingency Risk Buffer should be maintained, what should be the revaluation reserves, and the market risk to the Contingency Risk Buffer.'