News for 'Foreign Commercial Service'

ISRO successfully launches PSLV-C53 with 3 Singapore satellites onboard

ISRO successfully launches PSLV-C53 with 3 Singapore satellites onboard

Rediff.com30 Jun 2022

On Thursday, the four-stage, 44.4 metre tall PSLV-C53 that blasted off from the second launch pad of Satish Dhawan Space Centre and placed the three Singapore satellites--DS-EO, NeuSAR and SCOOB-1 in intended orbit.

Foreign direct investment guidelines are overdue but restrictive

Foreign direct investment guidelines are overdue but restrictive

Rediff.com31 Mar 2016

The guidelines say sellers will be solely responsible for warranties and guarantees.

Why BECA when we have NavIC?

Why BECA when we have NavIC?

Rediff.com27 Oct 2020

'The goal seems to be that we do not invest further in our system to make our system more accurate and more reliable or more global in reach,' an ISRO source tells Shivanand Kanavi.

India under pressure, as China, US ink trade pact

India under pressure, as China, US ink trade pact

Rediff.com3 Dec 2014

Govt says Information Technology Agreement will be beneficial to India only when domestic manufacturing is robust

Can India Get Nirav Modi, Vijay Mallya From The UK?

Can India Get Nirav Modi, Vijay Mallya From The UK?

Rediff.com1 Jun 2023

It is high time the Indian government signalled discomfort with the UK providing refuge to those accused of financial crimes in India, states Jaimini Bhagwati.

After 2 years, India to resume regular international flights from Sunday

After 2 years, India to resume regular international flights from Sunday

Rediff.com26 Mar 2022

Scheduled international passenger flights have remained suspended since March 23, 2020 in the wake of the pandemic and they will now restart from Sunday.

Modi To Visit 2nd Muslim Nation In A Month

Modi To Visit 2nd Muslim Nation In A Month

Rediff.com12 Jul 2023

Prime Minister Narendra Modi will visit Abu Dhabi on July 15.

Why Start-Ups Are Melting Down

Why Start-Ups Are Melting Down

Rediff.com13 Apr 2023

PEs and VCs are taking a closer look at their bouquet of investments. Leading voices in the sector are categorical that cash-burn rates -- that's blowing up equity to acquire market share -- as a business model can't continue to be the polestar.

India-Pak ties nosedive to new low in 2022 post Bilawal attack on Modi

India-Pak ties nosedive to new low in 2022 post Bilawal attack on Modi

Rediff.com23 Dec 2022

This year saw no improvement in bilateral ties as India accused Pakistan of cross-border infiltration and re-activation of terror-launching pads near the LoC.

Pakistan's economy in trouble; CAD increases to 4-year high of $17.4 bn in FY22

Pakistan's economy in trouble; CAD increases to 4-year high of $17.4 bn in FY22

Rediff.com28 Jul 2022

Pakistan's current account deficit (CAD) increased to a 4-year high of $17.4 billion in the fiscal year of 2021-22, indicating more troubles for the ailing economy of the cash-strapped country. The State Bank of Pakistan (SBP) on Wednesday reported that the country recorded a CAD of $17.406 billion in FY22 compared to a gap of just $2.82 billion in FY21. According to Dawn newspaper, the massive CAD speaks a lot about the severe problem of the balance of payments.

India's current account now at 1.3% of GDP

India's current account now at 1.3% of GDP

Rediff.com31 Dec 2021

India's current account slipped into a deficit of $9.6 billion or 1.3 per cent of GDP in the September quarter, the Reserve Bank said on Friday. The current account, which records the value of exports and imports of both goods and services along with international transfers of capital, was in a surplus mode both in the quarter-ago and year-ago periods. India's current account surplus had stood at $6.6 billion or 0.9 per cent of GDP in the April-June 2021 quarter, while in the year-ago period (Q2FY22), the surplus had stood at $15.3 billion or 2.4 per cent of the GDP, the data said.

How Modi will change India's foreign policy

How Modi will change India's foreign policy

Rediff.com14 May 2014

'Foreign policy-making cannot be shifted out of Delhi and the regional satraps, who do not have a national perspective, should not be allowed to dominate foreign policy. But regional inputs should be integral to foreign policy-making at every step of the way,' says Ambassador T P Sreenivasan.

NSG In Action Like Never Before

NSG In Action Like Never Before

Rediff.com20 Jan 2023

Stunning images featuring NSG commandos using death-defying spider-man technique for intervention to an insight into anti-hijacking operations are shot by ace photographer Pravin Talan and his associate Rupali Saagar.

India's first woman permanent representative to UN assumes charge

India's first woman permanent representative to UN assumes charge

Rediff.com3 Aug 2022

A 1987-batch Indian Foreign Service officer, Kamboj was previously Ambassador of India to Bhutan and was in June appointed India's Permanent Representative to the United Nations in New York, succeeding Ambassador T S Tirumurti.

India to make its own GSLV-Mk III and SSLV: DoS

India to make its own GSLV-Mk III and SSLV: DoS

Rediff.com19 Sep 2021

The Department of Space (DoS) plans to realise entirely-built rockets -- GSLV-Mk III and SSLV -- from Indian industry partners, in addition to PSLV, according to a top official of its commercial arm NSIL.

When Will Banks End Customer Harassment?

When Will Banks End Customer Harassment?

Rediff.com30 Aug 2022

The branch managers have come out of their glass cabins and the sellers' market has transformed into a buyers' market, but there is no end to the harassment of customers, asserts Tamal Bandyopadhyay.

5G testbed may be rolled out in early Jan

5G testbed may be rolled out in early Jan

Rediff.com9 Dec 2021

The government is planning to roll out 5G testbed in early January to enable small and medium enterprises and other industry players to test their solutions on a working platform, a top Department of Telecom official said on Thursday. For the promotion of 5G indigenous technology, DoT in March 2018, had approved a multi-institute collaborative project to set up an indigenous 5G Test Bed at a total cost of Rs 224 crore. A testbed consists of a specific environment including hardware, software, operating system, and network configuration to test a product or service.

Indian luxury car service that ferried convoys of Obama, Bush!

Indian luxury car service that ferried convoys of Obama, Bush!

Rediff.com4 Nov 2014

Ahluwalia is not a great fan of the Uber model.

Sensex tumbles 483 points on selling in IT, banking shares

Sensex tumbles 483 points on selling in IT, banking shares

Rediff.com11 Apr 2022

Benchmark stock indices opened the week on a muted note on Monday, with the Sensex plunging nearly 483 points due to selling in IT, capital goods and banking shares amid losses in global equities. The Sensex tanked 482.61 points or 0.81 per cent to settle at 58,964.57. During the day, it tumbled 552.78 points or 0.92 per cent to 58,894.40. The 50-issue Nifty declined by 109.40 points or 0.62 per cent to finish at 17,674.95 as 29 of its stocks declined.

CBI gets govt nod to prosecute Aakar Patel for FCRA violations

CBI gets govt nod to prosecute Aakar Patel for FCRA violations

Rediff.com12 Apr 2022

The CBI had sought the sanction of the government to prosecute the international human rights organisation because of mandatory clause of Section 40 of the FCRA.

Govt bats for 50% foreign investment in e-commerce

Govt bats for 50% foreign investment in e-commerce

Rediff.com8 Jan 2014

Government seeks stakeholders' comments by Jan 30 on discussion paper.

India reports 4th coronavirus death; Total up to 173

India reports 4th coronavirus death; Total up to 173

Rediff.com19 Mar 2020

As the virus continued to spread its tentacles across India, several parts, including Kashmir valley headed towards a virtual lockdown with the administration restricting movement of people in several parts and banning all public transport in Srinagar city.

'If you lose $5 billion to $7 billion every week...'

'If you lose $5 billion to $7 billion every week...'

Rediff.com3 Aug 2022

'... as has been happening in the last three weeks, then the foreign exchange reserves will not be comfortable to ensure that the rupee does not fall drastically.'

The chinks in India's arbitration laws

The chinks in India's arbitration laws

Rediff.com22 Oct 2020

Treaty

India records current account deficit of 0.2% in Q3

India records current account deficit of 0.2% in Q3

Rediff.com1 Apr 2021

India's current account swung to a deficit for the first time in the current fiscal, with the gap coming at $1.7 billion or 0.2 per cent of the GDP in the December quarter. In the current fiscal, as the pandemic impacted trade, the current account had been in surplus in the previous two quarters, at $15.1 billion and $19 billion, respectively, as per the data on balance of payments released by the RBI on Wednesday. The critical measure of a country's external strength now stands at a surplus of 1.7 per cent of GDP for the first nine months of the fiscal year as against a deficit of 1.2 per cent in the year-ago period. In the December quarter, there was a rise in the merchandise trade deficit to $34.5 billion from $14.8 billion in the preceding quarter, and an increase in net investment income payments.

Adani slips to No 30, group stocks lose Rs 12 lk cr in 1 month

Adani slips to No 30, group stocks lose Rs 12 lk cr in 1 month

Rediff.com26 Feb 2023

Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by $80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices.

The Secret of Gautam Adani's Success

The Secret of Gautam Adani's Success

Rediff.com2 Nov 2022

Gautambhai has shown that he has ability to withstand payment delays or vexatious court cases. That is where he is on a more comfortable wicket than many others. A revealing excerpt from R N Bhaskar's Gautam Adani: Reimagining Business in India and the World.

Pak summons Indian envoy, protests violation of airspace

Pak summons Indian envoy, protests violation of airspace

Rediff.com11 Mar 2022

"Pakistan Air Force continuously monitored the complete flight path of the flying object from its point of origin in Sirsa in India till its point of impact near Mian Channu and initiated requisite tactical actions in accordance with standard operating procedures," Pakistan Army spokesman Major General Babar Iftikhar said.

India Inc's overseas borrowing up 6.5% to $2.12 billion in Nov

India Inc's overseas borrowing up 6.5% to $2.12 billion in Nov

Rediff.com5 Jan 2020

No capital came in through the approval route, while the rest of $9,86,681 was by way of issuance of rupee denominated bonds.

China's rich seek shelter from stock market storm in foreign property

China's rich seek shelter from stock market storm in foreign property

Rediff.com10 Jul 2015

Since 2000, China has had the world's largest outflow of HNIs.

On Diwali eve, govt eases gift policy for employees

On Diwali eve, govt eases gift policy for employees

Rediff.com22 Oct 2019

Officials said the ceiling limits were revised to bring them on par with those for the three all India services -- Indian Administrative Service, Indian Police Service and Indian Forest Service.

ED raids Amnesty International office in Bengaluru

ED raids Amnesty International office in Bengaluru

Rediff.com25 Oct 2018

The searches are in connection with alleged violation of foreign direct investment norms that is linked to an earlier case of revocation of Foreign Contribution (Regulation) Act licence of the NGO by the Union home ministry in 2010, the ED said.

Airspace coordination in India helps airlines save big

Airspace coordination in India helps airlines save big

Rediff.com6 May 2022

Coordination between defence and civilian authorities has freed up airspace for commercial airlines in India, resulting in routes becoming shorter and costs coming down, apart from mitigating pollution. "Due to various restrictions of the military, only about 58 per cent of the Indian airspace was being utilised. It is close to 70 per cent now," said an official of the Airports Authority of India (AAI). Officials of the AAI said to date 119 routes had been shortened. Sources said since December 2020 the cumulative savings of airlines had been close to Rs 200 crore while there was a reduction in emission of around 45,000 tonnes of carbon.

'The Indian consumer demands so much service'

'The Indian consumer demands so much service'

Rediff.com19 Jun 2017

'The toughest challenge is not to satisfy the luxury customer.' 'The toughest challenge is to satisfy the budget customer.'

PSLV-C42 launch begins ISRO's new mission

PSLV-C42 launch begins ISRO's new mission

Rediff.com16 Sep 2018

Antrix, ISRO's commercial arm, is eyeing 10% of the $357 billion global market.

Current account surplus moderates to $15.5 bn in Q2: RBI

Current account surplus moderates to $15.5 bn in Q2: RBI

Rediff.com30 Dec 2020

India's current account surplus moderated to $15.5 billion or 2.4 per cent of the GDP in the July-September quarter of the current fiscal, the RBI said on Wednesday. The same was at $19.2 billion or 3.8 per cent of the GDP in the preceding three-month period on account of a rise in the merchandise trade deficit, the RBI said in a statement on 'Developments in India's Balance of Payments during the Second Quarter (July-September) of 2020-21'. It is for the third consecutive quarter that India's current account remained in surplus. In the last quarter of 2019-20, the surplus was $0.6 billion. Current account deficit/surplus reflects the difference between the outflow and inflow of foreign exchange in a country's current account.

In times of COVID, how travel firms plan to generate revenue

In times of COVID, how travel firms plan to generate revenue

Rediff.com6 Aug 2020

While Yatra is building a digital services platform to offer skill development training and sourcing solutions to corporate, Thomas Cook has partnered ICMR-accredited labs to offer Covid-19 certification, and MakeMyTrip is offering chartered flight services.

Swamy's next agenda: Picking holes in GST

Swamy's next agenda: Picking holes in GST

Rediff.com23 Aug 2016

In a string of tweets and replies, Swamy also said that GST can be implemented only if the Supreme Court clears a petition on levy of entry tax

Deepak Parekh on India's $ 93 billion 'real estate goldmine'

Deepak Parekh on India's $ 93 billion 'real estate goldmine'

Rediff.com2 Oct 2019

While student housing, retirement homes, and co-living spaces are going to be new realty growth drivers, Parekh also said foreign investors have also been investing in a big way in good commercial projects, while warehousing is another segment where they are showing keen interest.

Trump blocks US House Speaker's foreign trip in government shutdown fight

Trump blocks US House Speaker's foreign trip in government shutdown fight

Rediff.com18 Jan 2019

Trump's move came on Thursday a day after the House Speaker urged him to reschedule his annual State of the Union address slated for January 29, citing security concerns triggered by the shutdown that has entered its 27th day.