News for 'Institute of Economic Affairs'

Jaitley: Cong peddling lies on Rafale to save 'sinking dynasty'

Jaitley: Cong peddling lies on Rafale to save 'sinking dynasty'

Rediff.com12 Feb 2019

"How many more lies will be peddled to sustain a sinking dynast? India, certainly deserves better," Jaitley said.

When an American professor worked at the RBI...

When an American professor worked at the RBI...

Rediff.com10 Aug 2020

'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.

Beware of Chinese propaganda!

Beware of Chinese propaganda!

Rediff.com11 Jan 2019

China has been trying to build lobbies of influence and mould public opinion in India since at least 2017, and large sums have been invested in the effort, reveals former RA&W officer Jayadeva Ranade.

India projected to surpass China as most populous country by 2023: UN report

India projected to surpass China as most populous country by 2023: UN report

Rediff.com11 Jul 2022

Th report predicted that the world population is to reach eight billion by mid-November 2022.

Xi's 'strong' obsession reason for China's behaviour: Experts

Xi's 'strong' obsession reason for China's behaviour: Experts

Rediff.com23 Jul 2020

Experts said the tensions have added to a sense of apprehension in the United States, Europe and parts of Asia that China will engage in more aggressive behaviour in pursuit of its territorial interests, which in turn has raised the possibility of a serious and coordinated pushback by leading global players.

Controversial security law in Malaysia grants absolute power to Najib

Controversial security law in Malaysia grants absolute power to Najib

Rediff.com10 Jun 2016

The NSC act became law on Tuesday but did not obtain express Royal assent from king and head of state of Malaysia Yang di-Pertuan Agong unlike other bills passed by the Parliament.

Arvind Subramanian: 'Brace for slower growth'

Arvind Subramanian: 'Brace for slower growth'

Rediff.com24 Dec 2018

'The macro-economic stresses -- high interest rates, rupee depreciation and capital flows -- have receded now.' 'Interest rates have come down, inflation is down and the rupee has bounced back.' 'If oil prices continue at this level, there will be no vulnerability.' 'Growth is a different story.'

Banks in talks with temple trusts to push gold scheme

Banks in talks with temple trusts to push gold scheme

Rediff.com3 Dec 2015

Banks in talks with temple trusts to push gold scheme

Digital currency race: China leads. India must catch up

Digital currency race: China leads. India must catch up

Rediff.com23 Oct 2020

India should not be left behind. It should join the seven central banks which are studying feasibility and safeguards necessary to eliminate risks, particularly from hacking, advises former foreign secretary Shyam Saran.

'We're in a very difficult spot'

'We're in a very difficult spot'

Rediff.com16 Jul 2021

'We've never really been in the situation of having a difficult time with the Chinese and an increasingly difficult time with the Russians along with a relationship with the Americans which is important.'

What makes this loss-making steel co so attractive?

What makes this loss-making steel co so attractive?

Rediff.com14 Apr 2021

India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.

Budget 2019: In a first, India to issue sovereign bonds in global market

Budget 2019: In a first, India to issue sovereign bonds in global market

Rediff.com6 Jul 2019

The government planned to borrow 10-15 per cent of the total borrowing offshore. That works out to at least Rs 71,000 crore, or about $10.4 billion at Friday's exchange rate.

Will the entry of PEs into banks lead to better governance?

Will the entry of PEs into banks lead to better governance?

Rediff.com24 Mar 2022

Private equity (PE) is set to play a bigger role in banks. Of 21 recommendations accepted by the Reserve Bank of India (RBI) out of 31 made by its Internal Working Group (IWG), its stance on non-promoter holdings in private banks is seen with excitement, though it doesn't refer to PEs explicitly. On non-promoter holdings in these banks, the RBI said this will be capped at 10 per cent of the paid-up voting equity share capital in the case "of natural persons and non-financial institutions and entities"; and "at 15 per cent for all categories of financial institutions, entities, supranational institutions, public sector undertaking, or the government." While this is a modification of the IWG's stance for the non-promoter holding in banks at up to 15 per cent, it does open up a huge window for PEs, all the same. This is because, while the RBI has remained silent on the eligibility of industrial houses for bank licences, fresh high-quality capital in large amounts can only come from PEs.

Covid: Centre allocates foreign aid to states, UTs

Covid: Centre allocates foreign aid to states, UTs

Rediff.com4 May 2021

The Union health ministry on Tuesday said that aid received from other countries has been distributed in different states to help deal with the rising number of COVID-19 cases.

BJP Barking Up The Wrong Tree In Tamil Nadu

BJP Barking Up The Wrong Tree In Tamil Nadu

Rediff.com14 Nov 2022

The BJP continuing to look at the Dravidian polity through the religious prism has not worked in Tamil Nadu whereas it has yielded political and electoral results across much of the rest of the country, observes N Sathiya Moorthy.

Urjit Patel's resignation highlights risks to RBI's policy priorities: Fitch

Urjit Patel's resignation highlights risks to RBI's policy priorities: Fitch

Rediff.com12 Dec 2018

Fitch said the full implications of Patel's resignation will only become clearer once there is some indication of the RBI's policy approach under his replacement, Shaktikanta Das

All is not lost for IL&FS yet as LIC, SBI plan to hike stake

All is not lost for IL&FS yet as LIC, SBI plan to hike stake

Rediff.com26 Sep 2018

The IL&FS management is also talking to its second-largest shareholder, Orix Corporation of Japan, to infuse more funds into the company - in case any shareholder backs out during the rights issue.

Vaccines: Look to Russia, not US!

Vaccines: Look to Russia, not US!

Rediff.com3 Jun 2021

An alert government in Delhi should have begun government-to-government discussions with Moscow the moment it came to know that Russians were developing a vaccine. That is to say, almost an year's time has been lost, observes Ambassador M K Bhadrakumar.

Bajwa's rapprochement: Honest intent or smoke screen?

Bajwa's rapprochement: Honest intent or smoke screen?

Rediff.com22 Mar 2021

Pakistan's offer to normalise relations with India is an attempt to buy temporary peace due to its economic and politico-strategic compulsions, notes Brigadier Narender Kumar (retd).

Modi extends $150m credit to Caribbean nations

Modi extends $150m credit to Caribbean nations

Rediff.com26 Sep 2019

Modi announced a USD 14-million grant for community development projects in the Caricom and another USD 150 million line of credit for solar, renewable energy and climate- change related projects, a statement released by the Ministry of External Affairs said.

Misgovernance, polarisation marked 8 yrs of Modi govt, says Cong; BJP hits back

Misgovernance, polarisation marked 8 yrs of Modi govt, says Cong; BJP hits back

Rediff.com26 May 2022

The BJP calling the Congress a "torn old party" moving towards a stage where its relevance and necessity will be completely lost.

Lumbini as backdrop for Modi-Deuba meet, India-Nepal sign 6 MoUs

Lumbini as backdrop for Modi-Deuba meet, India-Nepal sign 6 MoUs

Rediff.com16 May 2022

Modi and Deuba discussed ways to strengthen ongoing cooperation and develop new areas in the multifaceted bilateral partnership.

India to supply Covid vaccines to 6 countries as aid

India to supply Covid vaccines to 6 countries as aid

Rediff.com19 Jan 2021

In a tweet, Prime Minister Narendra Modi said India is deeply honoured to be a 'long-trusted' partner in meeting the healthcare needs of the global community and that supplies of the vaccines to several countries will commence on Wednesday, and more will follow in the days ahead.

If Jaishankar's diagnosis is correct, what stops him from correcting it?

If Jaishankar's diagnosis is correct, what stops him from correcting it?

Rediff.com14 Sep 2020

'What Jaishankar says is simplistic.' 'The past does not matter that much.' 'If we think that it does it is because we are not good enough at running the nation competently today and are searching for excuses why,' argues Aakar Patel.

How note ban came to the aid of UCO Bank

How note ban came to the aid of UCO Bank

Rediff.com11 Jan 2017

While its deposits from Iran accounts have come down from a peak of around Rs 25,000 crore to Rs 2,200 crore, it's been offset by the bank receiving almost Rs 24,000 crore in deposits post note ban.

COVID/USA: 'We haven't seen the worst yet'

COVID/USA: 'We haven't seen the worst yet'

Rediff.com8 Jan 2021

'The question is really can we prevent half a million deaths.' 'We are fast approaching that number.'

How Kerala defended easing Covid norms for Bakri Id in SC

How Kerala defended easing Covid norms for Bakri Id in SC

Rediff.com20 Jul 2021

The Kerala government has told the Supreme Court that it is "vigorously vaccinating" people against Covid-19 and is expected to inoculate at least 60 per cent of its population within two or three months.

Unlike Moody's, S&P keeps India rating unchanged; unfair, says govt

Unlike Moody's, S&P keeps India rating unchanged; unfair, says govt

Rediff.com24 Nov 2017

The global ratings agency keeps India's sovereign rating unchanged at 'BBB-' with stable outlook

Why Is The Taliban Angry With Pakistan?

Why Is The Taliban Angry With Pakistan?

Rediff.com4 Jan 2022

The Taliban is showing its strong discontent as the high hopes given to it by the Pakistani military have been dashed, observes Ambassador M K Bhadrakumar.

India is in a financial mess

India is in a financial mess

Rediff.com19 Aug 2020

'In a serious fiscal situation like this, an ostrich-like focus on annual budgeting, event management and defensive rhetoric will only make matters worse,' warns Rathin Roy.

Enough stockpile of COVID-19 vaccine for priority groups: Niti member

Enough stockpile of COVID-19 vaccine for priority groups: Niti member

Rediff.com4 Jan 2021

Paul noted that "three to four months from now, there will be other vaccines and the stockpile will be even bigger. "And more acceleration can be brought about in the vaccination programme," Paul added.

Delhi Metro services may resume from September 1

Delhi Metro services may resume from September 1

Rediff.com24 Aug 2020

Metro rail services may be allowed from September 1 when the 'Unlock 4' phase in the graded reopening from the coronavirus-induced lockdown begins, but schools and colleges will not reopen immediately, an official said.

Getting out of the hole with China is possible

Getting out of the hole with China is possible

Rediff.com14 Dec 2020

China is in no hurry to disengage at the border and the region and international community is moving on. The spectre of a long haul in Ladakh haunts India, points out Ambassador M K Bhadrakumar.

For Taliban, US is Important

For Taliban, US is Important

Rediff.com9 Oct 2021

The Taliban knows that Washington holds the key, points out Ambassador M K Bhadrakumar.

Biden on course to mend fences with China

Biden on course to mend fences with China

Rediff.com12 Feb 2021

'Chinese experts estimate that the new US administration is 'at the crossroads of how to re-manage and control' Sino-American differences and strategic divergences and Biden's bottom line is that the US would have 'extreme competition with China, but won't allow competition to develop into conflict',' notes Ambassador M K Bhadrakumar.

Oz 'deeply disappointed' on Taliban's interim cabinet

Oz 'deeply disappointed' on Taliban's interim cabinet

Rediff.com10 Sep 2021

Australian foreign minister Marise Payne and defence minister Peter Dutton will visit India from September 10 to 12 to take part in the dialogue with their Indian counterparts.

Has the economy dramatically changed recently?

Has the economy dramatically changed recently?

Rediff.com22 Jun 2017

A V Rajwade wonders if the Modi sarkar is pursuing price stability at the cost of potential social instability in both rural and urban India.

Currency unlikely to plunge to Rs 68 to a dollar

Currency unlikely to plunge to Rs 68 to a dollar

Rediff.com10 Nov 2013

RBI's steps will prevent rupee from slipping, even if OMCs meet entire $ demand from market

No other PM has come close to Nehru's success

No other PM has come close to Nehru's success

Rediff.com14 Nov 2019

'His contributions in setting up transparent precedents of governance are still basically intact despite the cynicism of several of his successors,' notes Jamini Bhagwati.

Sensex ends 205 points lower; Nifty holds 8,500

Sensex ends 205 points lower; Nifty holds 8,500

Rediff.com21 Jul 2016

Private lenders were among the top losers along with RIL.