News for 'Ministry of Economic Development'

Modi to discuss 'key issues' with G20 leaders in Bali

Modi to discuss 'key issues' with G20 leaders in Bali

Rediff.com14 Nov 2022

In a statement ahead of his visit to the Indonesian city for the G20 leaders' summit, Modi said he will also highlight India's achievements and its 'unwavering commitment' to collectively address key global issues.

China to invest $20 billion in India

China to invest $20 billion in India

Rediff.com18 Sep 2014

Chinese President Xi Jinping pledged on Thursday to give Indian companies and products - especially including those made by the pharmaceutical, farming and fuel industries - greater access to Chinese markets.

Jaishankar to address UNGA on Sep 24, counter-terrorism among key focus areas

Jaishankar to address UNGA on Sep 24, counter-terrorism among key focus areas

Rediff.com18 Sep 2022

External Affairs Minister S Jaishankar will arrive in New York on Sunday to participate in the high-level 77th session of the UN General Assembly, which kicks off on September 20 with the opening of the general debate.

Budget 2022: Industry groups want Sitharaman to rationalise I-T slabs

Budget 2022: Industry groups want Sitharaman to rationalise I-T slabs

Rediff.com22 Dec 2021

Rationalisation of income tax slabs, infrastructure status for digital services and incentives to hydrogen storage as well as fuel cell development were some of the suggestions made by various stakeholders at the pre-Budget consultation meeting convened by Finance Minister Nirmala Sitharaman. The customary pre-Budget consultation meetings were held with the finance minister virtually between December 15 and December 22, as per the finance ministry statement. More than 120 invitees representing seven stakeholder groups participated in eight meetings, scheduled during this period, it said.

No proposal to release caste census data: Govt in RS

No proposal to release caste census data: Govt in RS

Rediff.com10 Mar 2021

The government has no proposal at present to release the report of the caste census carried out in 2011, the Rajya Sabha was informed on Wednesday.

Centre to induct more private sector specialists in govt departments

Centre to induct more private sector specialists in govt departments

Rediff.com5 Feb 2021

Candidates will be short-listed for interview on the basis of the information provided by them in their online application, the statement said.

China's Military Upgrade A Cause Of Concern

China's Military Upgrade A Cause Of Concern

Rediff.com28 Mar 2023

The further expansion and upgrade of the Chinese military does not augur well for India, which continues to confront an increasingly belligerent China on its borders, notes former foreign secretary Shyam Saran.

China asks US to respect Nepal's sovereignty as Kathmandu gives nod to MCC

China asks US to respect Nepal's sovereignty as Kathmandu gives nod to MCC

Rediff.com28 Feb 2022

Much to the surprise of Beijing, Nepal's Parliament on Sunday ratified the contentious US-funded $500 million Millennium Challenge Corporation compact along with an interpretive declaration a day ahead of the February 28 deadline set by Washington.

FM to meet sectoral regulators to take stock of the economy

FM to meet sectoral regulators to take stock of the economy

Rediff.com6 Nov 2019

The meeting will review the current global and domestic economic situation and financial stability issues, including those concerning banking and NBFCs.

'Mr Clean' leads BJP to victory in Tripura, will he get another term?

'Mr Clean' leads BJP to victory in Tripura, will he get another term?

Rediff.com2 Mar 2023

From Saha joining the saffron party in 2016 to being made chief minister last year in a brand renewal exercise last year, it has been a short but upward journey for the 69-year-old dental surgeon-turned politician.

Y V Reddy: The man behind several economic reforms

Y V Reddy: The man behind several economic reforms

Rediff.com27 Feb 2015

Reddy has worked to reform the economy.

The Importance of Smriti Irani

The Importance of Smriti Irani

Rediff.com19 Jul 2021

Being made a member of the Cabinet Committee on Political Affairs makes her an important player in BJP politics, observes Rashme Sehgal.

How Gadkari plans to bolster India's economy

How Gadkari plans to bolster India's economy

Rediff.com4 Jun 2019

Gadkari said that the MSME sector contributes significantly in pushing the country's economic growth and creating employment.

'We should pay more attention to China'

'We should pay more attention to China'

Rediff.com18 May 2022

'Our competitiveness with China is very important.' 'If the exchange rate depreciates, it is good for us because it helps in our competitiveness.'

Budget making exercise starts, health outlay may get 50% boost

Budget making exercise starts, health outlay may get 50% boost

Rediff.com30 Nov 2020

Outlay for infra is also expected to see a significant increase in view of the government's Rs 111-trillion investment plan under the national infrastructure pipeline to develop social and economic infrastructure over five years.

Day after Skymet's warning, IMD predicts normal south-west monsoon

Day after Skymet's warning, IMD predicts normal south-west monsoon

Rediff.com11 Apr 2023

The country can expect normal rainfall during the southwest monsoon season as a positive Indian Ocean Dipole (IOD) and a lower snow cover over the northern hemisphere are likely to counter the evolving El Nino conditions, the India meteorological department (IMD) said on Tuesday.

IMF chief Lagarde on 2-day trip to India beginning today

IMF chief Lagarde on 2-day trip to India beginning today

Rediff.com16 Mar 2015

For 2015-16, IMF pegged India's growth rate at 7.5 per cent.

When Santa Wore A Red Sari

When Santa Wore A Red Sari

Rediff.com1 Feb 2023

The Budget oration of the finance minister and the confidence with which she delivered it, along with the measures and the recent upsurge in the economy would all contribute to unleashing the storied 'animal spirits' and help the economy run on the growth path quite smoothly. Or so the government hopes, notes Shreekant Sambrani.

Customary 'Halwa ceremony' kickstarts Budget proceedings

Customary 'Halwa ceremony' kickstarts Budget proceedings

Rediff.com23 Jan 2021

As part of the ritual, ''halwa'' is prepared in a big ''kadhai'' (large frying pot) and served to the entire staff involved in the Budget making exercise of the ministry. Halwa was served while maintaining COVID protocol with all present in mask and those distributing sweets were wearing gloves.

Census unlikely to take place before 2024 Lok Sabha elections

Census unlikely to take place before 2024 Lok Sabha elections

Rediff.com16 Dec 2022

Although the Disaster Management Act for Covid containment measures, considered a hindrance in conducting the census, was withdrawn in March this year the Centre has not taken any further action on conducting the much-delayed population enumeration.

Consensus on global tax deal likely by October

Consensus on global tax deal likely by October

Rediff.com2 Jul 2021

A day after joining the OECD-G20 framework for global minimum tax, the finance ministry on Friday said some significant issues including share of profit allocation and scope of subject to tax rules are yet to be addressed and a 'consensus agreement' is expected by October after working out the technical details of the proposal. Total 130 countries on Thursday agreed to a overhaul of global tax norms to ensure that multinationals pay taxes wherever they operate and at a minimum 15 per cent rate. India is in favour of a consensus solution which is simple to implement and simple to comply.

Modi to attend Quad meet in Tokyo on May 24

Modi to attend Quad meet in Tokyo on May 24

Rediff.com19 May 2022

MEA Spokesperson Arindam Bagchi said the forthcoming Quad summit will provide an opportunity for the Quad leaders to exchange views about developments in the Indo-Pacific and contemporary global issues of mutual interest.

Indo-US ties: Force for good: Modi; Among closest on Earth: Biden

Indo-US ties: Force for good: Modi; Among closest on Earth: Biden

Rediff.com24 May 2022

Biden praised India's Covid vaccination efforts.

EC comes up with RVM prototype for migrant voters

EC comes up with RVM prototype for migrant voters

Rediff.com29 Dec 2022

If implemented after stakeholder consultations, migrant voters do not need to travel to their home district to exercise their franchise.

Disquiet in Sri Lanka over maritime pact with India, govt tries to firefight

Disquiet in Sri Lanka over maritime pact with India, govt tries to firefight

Rediff.com30 Mar 2022

The Sri Lankan government has asserted that the recently signed maritime security pacts with India will "neither result in hindrance nor threat" to the island nation's security as "misinterpreted" by several media outlets in this country.

China, Russia fighter jets on air patrol over Sea of Japan as Quad leaders met

China, Russia fighter jets on air patrol over Sea of Japan as Quad leaders met

Rediff.com24 May 2022

Chinese and Russian warplanes on Tuesday conducted joint air patrols over the Sea of Japan, the East China Sea and the West Pacific Ocean as the leaders of Quad held their in-person summit in Tokyo, in an apparent attempt to send a message of unity between Beijing and Moscow.

'People of Ladakh feel betrayed'

'People of Ladakh feel betrayed'

Rediff.com21 Feb 2023

'The Government of India should start a dialogue with the people of Ladakh, but the trouble is they are not willing to listen to our grievances.'

E-com policy, data localisation figure in Indo-US trade talks

E-com policy, data localisation figure in Indo-US trade talks

Rediff.com6 May 2019

However, the countries did not take up the issue of proposed withdrawal of export incentives by the US to Indian exporters under Generalized System of Preference.

Modi meets French Prez Macron, both leaders may discuss Ukraine crisis

Modi meets French Prez Macron, both leaders may discuss Ukraine crisis

Rediff.com5 May 2022

Macron held a tete-a-tete with Modi before the delegation-level talks at the Elysee Palace - the official residence of the French president.

Taliban: Time for India to think BOLD

Taliban: Time for India to think BOLD

Rediff.com25 Aug 2021

Like China, India too should connect the dots and move ahead with a long-term perspective in Afghanistan, advises Ambassador M K Bhadrakumar.

Manipur: 'The basic issue is land'

Manipur: 'The basic issue is land'

Rediff.com5 Jul 2023

'Meiteis started feeling insecure stating that the illegal immigrant population is growing in the valley, and that the majority community would become a minority.'

Govt to seek Par nod for Rs 37K cr infra push

Govt to seek Par nod for Rs 37K cr infra push

Rediff.com25 Oct 2020

The government will seek Parliament's approval for Rs 37,000-crore additional spending on infrastructure development in the second batch of supplementary demands for grant. Earlier this month, Finance Minister Nirmala Sitharaman had announced additional budget of Rs 25,000 crore as capital expenditure (capex) on roads, defence, water supply, urban development and domestically produced capital equipment. Besides, the central government approved issuance of a special interest-free 50-year loan to states of Rs 12,000 crore for infrastructure development.

China will have 1500 nuclear warheads by 2035, says Pentagon report

China will have 1500 nuclear warheads by 2035, says Pentagon report

Rediff.com30 Nov 2022

China is expanding its nuclear force and is likely to have a stockpile of about 1,500 warheads by 2035, up from the current estimated number of 400, the Pentagon has said in a report that notes that Beijing aims to expand its national power through both domestic and foreign policy initiatives.

Budget 2022: India Inc pitches for more reforms and tax stability

Budget 2022: India Inc pitches for more reforms and tax stability

Rediff.com16 Dec 2021

India Inc on Thursday pitched for continuation of reforms while ensuring tax and policy stability in the forthcoming Budget to prop up the economy hit hard by the COVID-19 pandemic. In the virtual pre-Budget consultation held with Finance Minister Nirmala Sitharaman, industry chambers said that government measures will help firmly entrench the nascent signs of recovery being currently seen in private investment. Capital expenditure by the government through enhanced infrastructure spending should in the meantime continue to support growth, CII president TV Narendran said.

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 always first in our neighbourhood policy, says China

Pakistan always first in our neighbourhood policy, says China

Rediff.com14 Apr 2022

China on Thursday told Pakistan's new Prime Minister Shehbaz Sharif that it will always put its "all-weather ally" as a priority in its neighbourhood diplomacy as it praised his commitment to promote the USD 60 billion CPEC initiative.

Little choice for beverage cos but to import paper straws

Little choice for beverage cos but to import paper straws

Rediff.com23 Jun 2022

Parle Agro, which sells beverages such as Frooti in small tetra packs, has already started importing paper straws. Dabur India, which sells its fruit juices in tetra packs under the brand Real, is also considering importing paper straws.

Bihar polls: Major issues affecting the electorate

Bihar polls: Major issues affecting the electorate

Rediff.com28 Oct 2020

As voting begins in Bihar in the first phase of assembly elections on Wednesday, the fate of political leaders depends on how the electorate perceives they can solve ground-level issues from reverse migration to tackling the COVID-19 pandemic.

The curious case of $100 billion from China that never came

The curious case of $100 billion from China that never came

Rediff.com19 Sep 2014

Ahead of the visit, Chinese embassy officials briefed Indian scholars that investment promised would be $100 billion. How this figure came down to $20 billion is a mystery.

What Tesla must do to get tax concessions in India

What Tesla must do to get tax concessions in India

Rediff.com11 Sep 2021

The heavy industries ministry has asked US-based electric car major Tesla to first start manufacturing its iconic electric vehicles in India before any tax concessions can be considered, government sources said. They said that the government is not giving such concessions to any auto firm and giving duty benefits to Tesla will not send a good signal to other companies that have invested billions of dollars in India. Tesla has demanded reduction in import duties on electric vehicles (EVs) in India.