News for 'Finance Industry Development Council'

'Most countries won't forgive deaths of children'

'Most countries won't forgive deaths of children'

Rediff.com22 Nov 2022

'The deaths of the children in the Gambia would batter India's reputation as the developing world's pharmacy.'

Infra for 5G network not yet ready in India: Experts

Infra for 5G network not yet ready in India: Experts

Rediff.com9 Mar 2021

5G networks in India can be deployed in three months but in limited areas as the optical fibre based infrastructure to support the technology is not ready yet, telecom industry players said on Tuesday. Nokia India head of marketing and corporate affairs Amit Marwah said that India has to take a call on deployment of 5G services otherwise it will miss to take advantage of the next generation technology that it can bring for the economy.

Reliance to conclude Aramco deal this year: Ambani

Reliance to conclude Aramco deal this year: Ambani

Rediff.com24 Jun 2021

Saudi Aramco chairman and head of the Kingdom's cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a $15 billion deal. Reliance chairman and Asia's richest man Mukesh Ambani, who had two years back disclosed the talks to sell a 20 per cent stake in the company's oil-to-chemical unit to Saudi Aramco, announced the appointment of Al-Rumayyan at the company's annual meeting of shareholders. Harvard educated Al-Rumayyan, 51, will replace Yogendra P Trivedi, 92, who has expressed a desire to retire, Ambani said. On the sale of a 20 per cent stake in the O2C business, he said the deal is likely to conclude this year.

'A bold step': Bankers, industry hail demonetisation move

'A bold step': Bankers, industry hail demonetisation move

Rediff.com9 Nov 2016

Some initial reactions to Prime Minister Narendra Modi's announcement of demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight.

GST: States, FinMin at loggerheads over compensation

GST: States, FinMin at loggerheads over compensation

Rediff.com18 Dec 2019

While Union Finance Minister Nirmala Sitharaman reiterated her stand that the central government was committed to cooperative federalism, finance ministers of non-BJP ruled states such as Punjab and Kerala said she refused to give a categorical assurance that states will be paid compensation on time.

Phase-I trials of 2 Indian Covid vaccines reveal 'excellent safety': Govt

Phase-I trials of 2 Indian Covid vaccines reveal 'excellent safety': Govt

Rediff.com15 Sep 2020

Phase-I clinical trials have revealed "excellent safety" of the two candidate vaccines indigenously developed by Bharat Biotech in collaboration with Indian Council of Medical Research and Cadila Healthcare Ltd and their immunogenicity testing is now in progress, minister of state for health Ashwini Choubey informed the Rajya Sabha on Tuesday.

Housing cos pin hope on cheaper loans

Housing cos pin hope on cheaper loans

Rediff.com22 Nov 2016

As PM talks of lower lending rates, housing companies prepare to cash in.

Start-ups in Solan? Tech hubs bloom in unlikely places

Start-ups in Solan? Tech hubs bloom in unlikely places

Rediff.com15 Mar 2016

Many state governments are ready with policies to promote entrepreneurs, backed by funding plans

BJP wins Maha polls; time to face the challenges

BJP wins Maha polls; time to face the challenges

Rediff.com20 Oct 2014

New government will have to mobilise money to complete pending irrigation, infra projects

India readies plan to sell only 'clean' diamonds worldwide

India readies plan to sell only 'clean' diamonds worldwide

Rediff.com14 Nov 2018

All stakeholders in the diamond industry chain from mines to retailers have to follow a system of warranty under which they have to individually declare in the invoices they issue that what they have sold are not conflict diamonds.

Shah, Sitharaman stand tall among ministers

Shah, Sitharaman stand tall among ministers

Rediff.com22 Jul 2021

Strengthening the portfolios of the home minister and the finance minister is a message that should not be missed, points out A K Bhattacharya.

Modi's ministers didn't mind Pranab scolding them

Modi's ministers didn't mind Pranab scolding them

Rediff.com21 Jul 2017

The President may not have agreed with the government on many occasions. Not once was this ever made public -- though he told off ministers in private.

Budget 2020: Farm experts pitch for scrapping GST on agri-inputs

Budget 2020: Farm experts pitch for scrapping GST on agri-inputs

Rediff.com18 Dec 2019

Bharat Krishak Samaj demanded that the Pradhan Mantri Fasal Bima Yojana should be replaced with a new crop insurance and compensation scheme.

31 ministers join Nitish govt, RJD gets lion's share

31 ministers join Nitish govt, RJD gets lion's share

Rediff.com17 Aug 2022

The new cabinet, predictably, has a sizeable number of Yadavs and Muslims, though members of other sections of the society also find a place.

24 new ministers take oath in Gujarat, team Rupani out

24 new ministers take oath in Gujarat, team Rupani out

Rediff.com17 Sep 2021

Governor Acharya Devvrat administered the oath to 10 cabinet ministers and 14 ministers of state, including five ministers of state with independent charge.

Modi reconstitutes Niti Aayog; Shah ex-officio member

Modi reconstitutes Niti Aayog; Shah ex-officio member

Rediff.com6 Jun 2019

Rajiv Kumar will continue as vice-chairman of the body, along with other full-time members V K Saraswat, Ramesh Chand and V K Paul.

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.'

'The impact of El Nino is always a matter of concern'

'The impact of El Nino is always a matter of concern'

Rediff.com6 Jun 2023

'If because of El Nino, the monsoon is affected adversely in the current year, naturally it will affect income projections and consequently Budget numbers.'

How the US Lost the Opium War in Afghanistan

How the US Lost the Opium War in Afghanistan

Rediff.com20 Sep 2021

The US spent $1.5 million a day since 2001 fighting the opium war in Afghanistan. After hundreds of airstrikes failed to curtail the Taliban's $200-million-a-year opium trade, the US military quietly ended the campaign when the Trump administration officials engaged in direct peace talks with the Taliban, notes Atanu Biswas.

Uddhav meets Modi over Maratha quota, cyclone aid

Uddhav meets Modi over Maratha quota, cyclone aid

Rediff.com9 Jun 2021

Maharashtra Chief Minister Uddhav Thackeray met Prime Minister Narendra Modi on Tuesday and discussed issues related to the Maratha reservation, pending GST compensation and the proposed Metro car shed in Kanjur.

Modi may shut Air India by June

Modi may shut Air India by June

Rediff.com9 Jan 2020

'The Modi government is trying hard to see if it could be sold to a private airline.' 'But it appears there are no takers.' 'If no buyer comes forward by June, the government will close down Air India,' predicts A K Bhattacharya.

6 suggestions for Nirmala Sitharaman, India's new FM

6 suggestions for Nirmala Sitharaman, India's new FM

Rediff.com3 Jun 2019

Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.

A peculiar problem plagues India's AI roadmap

A peculiar problem plagues India's AI roadmap

Rediff.com5 Jun 2019

National artificial intelligence unit stuck for lack of anchor department

PNB fraud: More heads to roll in the jewellery sector

PNB fraud: More heads to roll in the jewellery sector

Rediff.com19 Feb 2018

Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks

Why cryptocurrencies will continue to grow in India

Why cryptocurrencies will continue to grow in India

Rediff.com6 Jan 2022

The future of cryptocurrencies in India appears uncertain but that has not deterred young Indians from embracing the so-called 'fourth industrial revolution' world, where interconnectivity and smart automation, much of it relying on blockchain technology, drive human civilisation. Reserve Bank of India (RBI) Governor Shaktikanta Das has repeatedly warned of macroeconomic instability and even "serious consequences" if cryptocurrencies turn mainstream. The country's monetary authority wants a China-like total ban on crypto, not even allowing these currencies to be treated as investments. Though Parliament's website had listed the Cryptocurrency and Regulation of Official Digital Currency Bill as one seeking a total ban of cryptocurrencies in the country, it was not presented in the Winter Session. India now has the highest number of cryptocurrency investors in the world.

Modi's 5-year vision: What's it all about

Modi's 5-year vision: What's it all about

Rediff.com13 Jan 2020

Spurring the economy, currently in the throes of a slowdown, remains the prime focus for most ministries, but the government is also looking to make women's welfare and environmental protection key to policymaking in this term.

BJP's Bihar poll manifesto promises free COVID vaccine, 19L jobs

BJP's Bihar poll manifesto promises free COVID vaccine, 19L jobs

Rediff.com22 Oct 2020

The BJP's manifesto speaks about the Prime Minister's vision of making 'Atmanirbhar Bihar'.

Modi's message in portfolios for new ministers

Modi's message in portfolios for new ministers

Rediff.com1 Jun 2019

He dropped those perceived to be non-performers or whose integrity came into question, and also where it was felt they needed to learn a lesson or two in humility.

Wipro BPO rated among top global service providers

Wipro BPO rated among top global service providers

Rediff.com10 Jul 2013

Software services major Wipro on Wednesday said its BPO has been rated among the top global Finance and Accounting (F&A) service providers by analyst firm HfS Research.

How tech alumni plan to raise 21,000 crore to fight COVID-19

How tech alumni plan to raise 21,000 crore to fight COVID-19

Rediff.com2 Jul 2020

Over 5 million alumni from the Indian Institutes of Technology, Mumbai University and Institute of Chemical Technology, Mumbai, plan to raise Rs 21,000 crore to start the world's largest infection testing lab in Mumbai.

India recorded 8% annual average growth in 11th Plan

India recorded 8% annual average growth in 11th Plan

Rediff.com20 Feb 2014

As against an annual average growth of 10-11 per cent envisaged for the industry during the period, the actual annual average growth stood at 7.2 per cent during the plan period.

After HRD, now Smriti Irani out of government panel

After HRD, now Smriti Irani out of government panel

Rediff.com19 Oct 2016

Union Ministers Smriti Irani and D V Sadananda Gowda have been dropped from Inter-State Council, official sources said on Wednesday.

Economist Rajiv Kumar named as new VC of NITI Aayog

Economist Rajiv Kumar named as new VC of NITI Aayog

Rediff.com6 Aug 2017

The government also appointed Dr Vinod Paul, a pediatrician at the AIIMS, as a member of the NITI Aayog

A Serendipitous Civil Service Career

A Serendipitous Civil Service Career

Rediff.com22 Dec 2022

Every twist and turn in KMC's civil service career is attributed to serendipity, an aptitude for making desirable discoveries by accident. He plays down his capabilities, which took him to the top of the civil service as the Cabinet Secretary or his misfortune in losing a daughter in her prime and suggests that his career was indeed serendipitous, observes Ambassador T P Sreenivasan.

Meet the new faces in team Modi 2.0

Meet the new faces in team Modi 2.0

Rediff.com6 Jul 2016

Full list of the rejigged Union Council of Ministers

Portfolios announced: Rajnath gets Home, Sushma MEA, Gadkari transport

Portfolios announced: Rajnath gets Home, Sushma MEA, Gadkari transport

Rediff.com27 May 2014

The Rashtrapati Bhavan has come out with a communiqu announcing distribution of portfolios of the ministers sworn-in on Monday in Prime Minister Narendra Modi's council of ministers:

Rise of Taliban poses serious threat: Rajnath to Austrian delegation

Rise of Taliban poses serious threat: Rajnath to Austrian delegation

Rediff.com10 Sep 2021

The India delegation flagged concerns over the possible implication of the Taliban's capture of power for the security situation in Jammu and Kashmir as there are apprehensions about spill-over of terrorist activities from Afghanistan to the union territory, the sources said.

Will GST 2.0 lead to changes in tax rates?

Will GST 2.0 lead to changes in tax rates?

Rediff.com16 Jul 2018

Assembly elections coming up in November and December could offer a window of opportunity to the government to make GST attractive through rate cuts.

COVID insurance plan: Sum assured from Rs 1 lakh - Rs 5 lakh

COVID insurance plan: Sum assured from Rs 1 lakh - Rs 5 lakh

Rediff.com3 Jun 2020

Unlike other health insurance policies, which mostly covers hospitalisation expenses alone, the specialised cover is likely to include the cost of treatment during quarantine and payment of cash for incidental expenses.

Modi to woo global investors at WEF meet in Davos

Modi to woo global investors at WEF meet in Davos

Rediff.com10 Jan 2018

Infrastructure, manufacturing and telecom are understood to be among the focus sectors