News for 'Ministry of Economic Development'

India to show military might, cultural heritage at R-Day parade

India to show military might, cultural heritage at R-Day parade

Rediff.com26 Jan 2021

The Indian Army will showcase the main battle tank T-90 Bhishma, infantry combat vehicle BMP-II-Sarath, mobile autonomous launcher of the Brahmos missile system, multi-launcher rocket system Pinaka, electronic warfare system Samvijay among others during the parade on Tuesday, the Defence ministry noted.

Markets end higher on favourable macro-economic data, global cues

Markets end higher on favourable macro-economic data, global cues

Rediff.com17 Nov 2015

Sensex ended strong, Tata Steel, HUL climb higher.

Support Art 370 move, but concerned about Kashmir: US

Support Art 370 move, but concerned about Kashmir: US

Rediff.com22 Oct 2019

"We have urged Indian authorities to respect human rights and restore full access to services, including internet and mobile networks," she said.

How the wealth of India's richest can make a difference

How the wealth of India's richest can make a difference

Rediff.com17 Jan 2022

Indian billionaires saw their combined fortunes more than double during the COVID-19 pandemic, and their count shot up by 39 per cent to 142, while the wealth of the ten richest is enough to fund school and higher education of children in the country for 25 years, a new study showed on Monday. In its annual inequality survey released on the first day of the World Economic Forum's online Davos Agenda summit, Oxfam India further said that an additional one per cent tax on the richest 10 per cent can provide the country with nearly 17.7 lakh extra oxygen cylinders, while a similar wealth tax on the 98 richest billionaire families would finance Ayushman Bharat, the world's largest health insurance scheme, for more than seven years. The COVID-19 pandemic saw a huge rush for oxygen cylinders and insurance claims during the second wave last year.

Modi meets Bill Gates; discusses climate change

Modi meets Bill Gates; discusses climate change

Rediff.com2 Nov 2021

Prime Minister Narendra Modi on Tuesday met Microsoft co-founder and billionaire philanthropist Bill Gates on the sidelines of the climate summit here and discussed ways to further sustainable development, steps to mitigate climate change and vaccine research. The meeting between Modi and the American business magnate, whose foundation is focusing on fighting the COVID-19 pandemic, took place after the former launched the Initiative for the Resilient Island States (IRIS) for developing infrastructure of small island nations. Prime Minister Modi expressed appreciation for the work being done by the Bill and Melinda Gates Foundation in India, the Ministry of External Affairs (MEA) said in a statement.

RBI stresses on need to mainstream green finance

RBI stresses on need to mainstream green finance

Rediff.com20 Sep 2021

There is a need to mainstream green finance and devise ways for incorporating environment impact into commercial lending decisions, RBI Deputy Governor M Rajeshwar Rao has said. Addressing climate risk in the financial sector should be the joint responsibility of stakeholders as it would affect the resilience of the financial system in the long run, he said. Rao made these comments while speaking at the CAFRAL Virtual Conference on Green and Sustainable Finance, recently.

G-20: Modi pitches for new crisis management protocol

G-20: Modi pitches for new crisis management protocol

Rediff.com26 Mar 2020

In his address at an extraordinary video conference of the G-20 leaders, Modi also urged the grouping to come out with a concrete action plan to fight the pandemic and said human beings rather than economic targets should be put at the centre of its vision for global prosperity and cooperation.

'Where did you learn Hindi': In Tokyo to attend Quad, Modi meets kids

'Where did you learn Hindi': In Tokyo to attend Quad, Modi meets kids

Rediff.com23 May 2022

'Landed in Tokyo. Will be taking part in various programmes during this visit including the Quad Summit, meeting fellow Quad leaders, interacting with Japanese business leaders and the vibrant Indian diaspora,' Modi tweeted in both Japanese and English.

'We have to be prepared for the invisible enemy'

'We have to be prepared for the invisible enemy'

Rediff.com10 May 2023

'Unlike on the western and eastern borders where there is an enemy at the gate, here there is an invisible enemy which is building its own capability and can come into play at a time and place of his choosing.'

IAF Or AAI: Who Should Get Precedence?

IAF Or AAI: Who Should Get Precedence?

Rediff.com13 Jun 2022

There is increasing friction between the IAF's military requirements, and the AAI's need to provide infrastructure to many more airlines.

India presses OPEC for affordable oil

India presses OPEC for affordable oil

Rediff.com24 Jun 2021

With domestic retail fuel prices jumping to record high on rising international oil rates, India on Thursday pressed oil cartel OPEC for 'affordable' oil price within a 'reasonable band' and that the producers should phase out production cuts. OPEC nations such as Saudi Arabia have traditionally been India's principal oil source. But, OPEC and its allies, called OPEC+, ignoring its call for ease supply curbs had led to the world's third-biggest oil importer tap newer sources to diversify its crude oil imports. As a result, OPEC's share in India's oil imports has dropped to about 60 per cent in May from 74 per cent in the previous month.

PM's private secy Rajeev Topno moves to World Bank

PM's private secy Rajeev Topno moves to World Bank

Rediff.com4 Jun 2020

Besides him, Brajendra Navnit who served in the Prime Minister's Office (PMO) has been appointed as Ambassador and Permanent Representative of India to the World Trade Organisation (WTO), Geneva, Switzerland. Topno is a 1996 batch Indian Administrative Service officer of Gujarat cadre.

Global cos want Indian govt to make airports business friendly

Global cos want Indian govt to make airports business friendly

Rediff.com28 Aug 2014

By contrast, only aeronautical activities are taken into consideration under the dual till principle.

What will Maharaj do after Maharaja is sold?

What will Maharaj do after Maharaja is sold?

Rediff.com25 Nov 2021

There is no reason for keeping an entire ministry with a total staff strength of 2,300, just for the oversight of a few aviation sector laws and regulatory bodies, notes A K Bhattacharya.

Sitharaman to unveil Rs 20 lakh cr stimulus at 4 pm

Sitharaman to unveil Rs 20 lakh cr stimulus at 4 pm

Rediff.com13 May 2020

Union Finance Minister Nirmala Sitharaman will address a press conference in New Delhi at 4 pm on Wednesday. The information regarding the press conference by the Union finance minister was given through a tweet by the ministry of finance in the morning.

In Delhi, Lavrov cocks a snook at US, says trade in rouble will intensify

In Delhi, Lavrov cocks a snook at US, says trade in rouble will intensify

Rediff.com1 Apr 2022

Lavrov said a rupee-rouble payment system for trade with India was put into place earlier and it could be strengthened further.

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.

'Keenly felt' India and China are no threat to each other: Wang Yi

'Keenly felt' India and China are no threat to each other: Wang Yi

Rediff.com29 Mar 2022

Chinese Foreign Minister Wang Yi has said that during his recent visit to India, he "keenly felt" that both sides had agreed to adhere to the leaders' consensus that the two countries are not a threat to each other and handle and manage their differences.

Why this Budget is a challenging one for the Modi government

Why this Budget is a challenging one for the Modi government

Rediff.com24 Feb 2015

The Budget will indicate where the Modi government stands on reforms, growth and development.

Covid impact: Govt not to print Budget documents this year

Covid impact: Govt not to print Budget documents this year

Rediff.com11 Jan 2021

This will be the first time since the presentation of independent India's first budget on November 26, 1947, that the documents containing income and expenditure statement of the Union government along with finance bill, detailing new tax and other measures for the new financial year, will not be physically printed.

Don't sell Made in China EVs in India: Gadkari to Tesla

Don't sell Made in China EVs in India: Gadkari to Tesla

Rediff.com8 Oct 2021

Union Minister Nitin Gadkari on Friday said he has asked US-based Tesla several times to manufacture its iconic electric vehicles in India, while assuring that all support will be provided by the government to the company. Addressing 'India Today Conclave 2021', Gadkari further said electric cars manufactured by Tata Motors are not less good than electric cars manufactured by Tesla. "I have told Tesla that don't sell electric cars in India which your company has manufactured in China.

Modi's plane flies over Pak airspace en route to Italy

Modi's plane flies over Pak airspace en route to Italy

Rediff.com31 Oct 2021

Prime Minister Modi's plane Boeing 777, 300ER, K7066 entered the Pakistani airspace from Bahawalpur, passed through Turbat and Panjgur and via Iran and Turkey reached Italy, The Express Tribune reported.

Govt seeks Parl nod for Rs 1.07 lakh cr additional spend

Govt seeks Parl nod for Rs 1.07 lakh cr additional spend

Rediff.com14 Mar 2022

According to the third batch of supplementary demands for grants tabled in the Lok Sabha, approval is being sought for gross additional expenditure of over Rs 1.58 lakh crore.

Sitharaman to meet CMs, state FMs on Monday

Sitharaman to meet CMs, state FMs on Monday

Rediff.com12 Nov 2021

Union Finance Minister Nirmala Sitharaman will on Monday meet chief ministers and state finance ministers to discuss measures to attract private investments to help boost the economy. Finance secretary T V Somanathan said the meeting comes in the backdrop of strong economic recovery post the two COVID waves, and the central government has made a big push in Capex. The focus of this interaction will be on state-level issues, opportunities and challenges, which will enable us to go to a higher trajectory of investment and growth, he said.

How India plans to prepare medal winners for 2024, 2028 Olympics

How India plans to prepare medal winners for 2024, 2028 Olympics

Rediff.com11 Dec 2017

Union Minister of State for Youth Affairs and Sports Rajyavardhan Singh Rathore on Sunday said the government will launch a 'Khelo India' programme at a cost of Rs 1,756 crore for the period 2017-18 to 2019-20.

NSA in Lanka; to discuss Tamil issue, maritime security treaty

NSA in Lanka; to discuss Tamil issue, maritime security treaty

Rediff.com8 Jul 2013

National Security Advisor Shivshankar Menon arrived in Colombo on Monday to hold crucial talks on the controversial 13th amendment on devolution of power in the Tamil-dominated northern province and a trilateral maritime security treaty with Sri Lanka and the Maldives.

Oscar Fernandes' plans for the transport sector

Oscar Fernandes' plans for the transport sector

Rediff.com19 Jun 2013

Roads and national highways are the lifeline of the country, says Oscar Fernandes.

Mamata refuses to attend PM's all-party meet

Mamata refuses to attend PM's all-party meet

Rediff.com18 Jun 2019

Her decision is being seen in the political circle as an outcome of the heightened tussle between the TMC and the BJP in West Bengal.

Mahinda under protection at naval base amid protests

Mahinda under protection at naval base amid protests

Rediff.com11 May 2022

Mahinda Rajapaksa, along with his wife and family, fled his official residence -- Temple Trees -- and took shelter at the naval base in Trincomalee.

Sitharaman wanted me out: ex-finance secretary Garg

Sitharaman wanted me out: ex-finance secretary Garg

Rediff.com31 Oct 2020

Subhash Chandra Garg, the former finance secretary who was shunted out of the finance ministry within three weeks of Modi-2.0 government's first budget last year, on Saturday alleged that new Finance Minister Nirmala Sitharaman got him transferred out.

Ladakh Standoff: Return To Status Quo Unlikely, But...

Ladakh Standoff: Return To Status Quo Unlikely, But...

Rediff.com17 Jan 2022

Through the past 18-month period, peace has prevailed in the disputed border regions, which was immensely helpful in the difficult situation that the country was passing through, observes Ambassador M K Bhadrakumar.

'Russia not bothered by West's oil price cap'

'Russia not bothered by West's oil price cap'

Rediff.com1 Dec 2022

Russia on Thursday said it was not bothered at a possible price cap on its crude oil proposed by the West, saying Moscow will negotiate directly with its partners like India and China as the price should be decided between the producers and consumers, and "not someone who just decided to punish someone." Members of the G7 have agreed to impose a price cap on Russian oil in a bid to hit Moscow's ability to finance the war in Ukraine. Countries want to reach an agreement ahead of December 5, when Europe's embargo on Russian crude travelling by sea takes effect.

'Deprived' minorities will see growth under UP govt: Naqvi

'Deprived' minorities will see growth under UP govt: Naqvi

Rediff.com18 Mar 2017

The BJP does 'empowerment and not appeasement,' Union Minister Mukhtar Abbas Naqvi asserted.

COVID-19 lockdown: Union ministers back to work

COVID-19 lockdown: Union ministers back to work

Rediff.com13 Apr 2020

The move to resume work in ministries comes nearly a month after the government issued work from home protocols in its fight against the coronavirus pandemic.

Opposed to 'unilateral actions' on Kashmir: China after Xi-Imran meet

Opposed to 'unilateral actions' on Kashmir: China after Xi-Imran meet

Rediff.com7 Feb 2022

In the past, India strongly rejected references made to Jammu and Kashmir in a previous joint statement by Pakistan and China.

KM Mani, Kerala lawmaker for five decades, dies at 86

KM Mani, Kerala lawmaker for five decades, dies at 86

Rediff.com9 Apr 2019

The veteran Kerala Congress leader had been a dominant player in Kerala's coalition politics, serving under six chief ministers.

PM Modi in the US: 6 key developments so far

PM Modi in the US: 6 key developments so far

Rediff.com26 Sep 2015

It is significant that the PM's appeal to invest in India comes at a time when the global economy is facing a difficult phase

Sitharaman reviews state of economy with regulators

Sitharaman reviews state of economy with regulators

Rediff.com7 Nov 2019

The 21st meeting of FSDC comes against the backdrop of the economy hitting a six-year low growth rate of 5 per cent in the first quarter of 2019-20. Even some of the macroeconomic data for the second quarter does not portray an encouraging picture of the economy.

Pak govt holding internal parleys on formulating India policy

Pak govt holding internal parleys on formulating India policy

Rediff.com19 May 2014

Pakistan government is holding internal discussions on formulating a policy to deal with the new Indian government under Narendra Modi.

Why Raghuram Rajan Raced At RBI

Why Raghuram Rajan Raced At RBI

Rediff.com13 Jan 2023

The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.