News for 'Ministry of Economic Development'

Chinese hackers target power grid assets in Ladakh

Chinese hackers target power grid assets in Ladakh

Rediff.com20 Apr 2022

Chinese state-sponsored hackers had targeted India's power grids in Ladakh possibly for information on India's critical infrastructure or to prepare for sabotage in the future, according to the American cybersecurity firm Recorded Future.

Egypt's strategic partnership for India, highest award for Modi

Egypt's strategic partnership for India, highest award for Modi

Rediff.com25 Jun 2023

El-Sisi welcomed Modi, who is on a two-day state visit to Egypt, at the Presidential Palace where the two leaders were closeted for one-on-one meeting after which the two sides signed a memorandum of understandng.

Cabinet clears Rs 76,000-crore incentive scheme for semiconductors

Cabinet clears Rs 76,000-crore incentive scheme for semiconductors

Rediff.com15 Dec 2021

The Union Cabinet on Wednesday approved a Rs 76,000 crore policy boost for semiconductor and display manufacturing ecosystem in the country in an bid to position India as a global hub for hi-tech production. Announcing the decision of the Cabinet, IT and Telecom Minister Ashwini Vaishnaw observed that electronics plays an important role in everyday life, and semiconductor chips forms a crucial part of electronics. Outlining the details of the scheme, he said the Rs 76,000 crore programme has been approved for the development of semiconductors and display manufacturing ecosystem.

Centre says 25 districts have contained COVID-19 spread

Centre says 25 districts have contained COVID-19 spread

Rediff.com13 Apr 2020

The districts are Gondia (Maharashtra), Raj Nand Gaon (Chhattisgarh), Davangiri (Karnataka), South Goa, Wayanad and Kottayam (Kerala), West Imphal (Manipur), Rajouri (J&K), Aizwal West (Mizoram), Mahe in Puducherry, SBS Nagar in Punjab, Patna, Nalanda and Munger in Bihar, Pratapgarh in Rajasthan, Panipat, Rohtak and Sirsa in Haryana, Pauri Garhwal in Uttrakhand and Bhadradari Kothagudem in Telangana.

2 factors that will drive markets the next five days

2 factors that will drive markets the next five days

Rediff.com6 Dec 2020

Sentiment in the market will also be guided by other major market movers like trend in the rupee, Brent crude and foreign capital flows.

9 Infra suggestions for Budget 2018

9 Infra suggestions for Budget 2018

Rediff.com9 Jan 2018

Stepped up public expenditure must be accompanied by focused policies, advises Vinayak Chatterjee.

Audit norms: RBI, govt not on same page

Audit norms: RBI, govt not on same page

Rediff.com8 Jun 2021

North Block is concerned that when India is trying to attract more investment, putting up restrictions on audit firms could create an avoidable bad advertisement.

Mother of all highway projects gets govt nod

Mother of all highway projects gets govt nod

Rediff.com24 Oct 2017

Rs 7 lakh crore will be invested to develop for over 80,000 km of highways including Bharatmala project in the next five years

Modi's BRICS symphony in Goa

Modi's BRICS symphony in Goa

Rediff.com17 Oct 2016

Narendra Modi's success at the BRICS summit is the best Diwali gift for India's diplomacy and marks her ascendancy to global leadership, says Tarun Vijay.

Is The Taliban Breaking Away From Pakistan?

Is The Taliban Breaking Away From Pakistan?

Rediff.com18 Jan 2022

The Taliban's main challenge comes on the financial and economic front and there Pakistan doesn't have the capacity to be of any meaningful help, observes Ambassador M K Bhadrakumar.

IOC renews deal to buy up to 2 MT of oil from Russia's Rosneft

IOC renews deal to buy up to 2 MT of oil from Russia's Rosneft

Rediff.com7 Dec 2021

Indian Oil Corporation (IOC), the nation's largest oil firm, has renewed a deal to buy up to 2 million tonnes of crude oil in 2022 from Russia's Rosneft, the Russian oil producer said. IOC had in February 2020 signed a deal with Rosneft Oil Company to import up to 2 million tonnes of oil via the port of Novorossiysk. In 2021, the deal envisaged supply of up to 1.7 million tonnes of crude oil but IOC bought just on parcel or shipload as the cost of transporting the oil made it uneconomical, when compared to alternatives. For 2022, the deal is for the supply of up to 2 million tonnes of oil from the Black Sea port of Novorossiysk.

China sanctions Pompeo, 27 other Americans

China sanctions Pompeo, 27 other Americans

Rediff.com21 Jan 2021

The sanctioned individuals and their immediate family members are prohibited from entering the mainland, Hong Kong and Macao of China. They and companies and institutions associated with them are also restricted from doing business with China, according to the statement by the Chinese foreign ministry.

FM to meet all bank heads on Monday to discuss NBFC crisis

FM to meet all bank heads on Monday to discuss NBFC crisis

Rediff.com3 Aug 2019

Credit to priority sectors as well as small and medium industries will be discussed to find ways to accelerate economic growth.

Shah gets Home, Rajnath Defence; Finance with Nirmala

Shah gets Home, Rajnath Defence; Finance with Nirmala

Rediff.com1 Jun 2019

Prime Minister Narendra Modi will retain DoPT, Atomic Energy as well as all important policy issues and portfolios not allocated.

How We Can Defeat Targeted Killings In Kashmir

How We Can Defeat Targeted Killings In Kashmir

Rediff.com6 Jun 2022

If the government is able to deliver the promised projects, the large number of youth will be taken off the streets and that is not acceptable to the Pakistan army nor the terrorists hiding in Pakistan, notes Brigadier Narender Kumar (retd).

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.

Sale of affordable homes improving; signalling recovery in real estate sector: Survey

Sale of affordable homes improving; signalling recovery in real estate sector: Survey

Rediff.com29 Jan 2021

The COVID-19 pandemic affected the residential property market during the April-June period last year but sales have improved in affordable homes segment since July onwards, reflecting economic recovery in the real estate sector, according to the Economic Survey. The National Housing Bank's (NHB) Housing Price Indices (HPIs) are a broad measure of movement of residential property prices observed within a geographic boundary. The NHB-RESIDEX captures two housing price indices -- HPI@ Assessment Prices and HPI@ Market Prices - Under Construction Properties based on the data available for 50 cities with quarterly updation.

China takes a jab at US; sends aircraft carrier to South China Sea

China takes a jab at US; sends aircraft carrier to South China Sea

Rediff.com26 Dec 2016

Flexing its muscles over Taiwan, China on Monday sailed its aircraft carrier close to the estranged island amid tensions with the US following President-elect Donald Trump's telephone call with the Taiwanese president.

Modi, Suga vow to strengthen bilateral strategic ties

Modi, Suga vow to strengthen bilateral strategic ties

Rediff.com24 Sep 2021

Prime Minister Narendra Modi and his Japanese counterpart Yoshihide Suga met in Washington, DC, on Thursday to discuss ways to further cement the bilateral strategic ties ahead of the first in-person Quad meeting to be hosted by US President Joe Biden.

Why ICICI Bank chose Girish Chaturvedi as its chairman

Why ICICI Bank chose Girish Chaturvedi as its chairman

Rediff.com4 Jul 2018

The ICICI board is looking to the retired petroleum secretary to provide 'maturity and sagacity'.

Hike in import duty on gold may fuel smuggling

Hike in import duty on gold may fuel smuggling

Rediff.com1 Jul 2022

The government has hiked gold import duty to 15 per cent from 10.75 per cent to check the current account deficit (CAD) and rising import of the yellow metal. The duty changes came into effect on June 30. Earlier, the basic customs duty on gold was 7.5 per cent, now it will be 12.5 per cent.

Garg leaves without signing off on Jalan panel report

Garg leaves without signing off on Jalan panel report

Rediff.com26 Jul 2019

Garg had refused to sign on the report finalised by the former Reserve Bank of India governor Bimal Jalan-led committee reviewing the central bank's economic capital framework (ECF).

Yangtse clash spells danger for Xi Jinping's new term

Yangtse clash spells danger for Xi Jinping's new term

Rediff.com22 Dec 2022

Observers say China should re-address its policies towards India or else it will continue to face flare-ups increasing the tensions between the two countries at a time China's increasing tension with the US over Taiwan and the South China Sea besides the downturn in the Chinese economy which is hit hard by the zero-covid policy.

CEA Arvind Subramanian to leave FinMin, return to US

CEA Arvind Subramanian to leave FinMin, return to US

Rediff.com20 Jun 2018

Subramanian was the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and Senior Fellow at the Centre for Global Development in the US before joining the ministry.

Modi gets Seoul Peace Prize for ''Modinomics', 'furthering democracy'

Modi gets Seoul Peace Prize for ''Modinomics', 'furthering democracy'

Rediff.com24 Oct 2018

The committee lauded Modi's initiatives to make the government cleaner through anti-corruption measures and demonetisation, it said.

Pak-India ties: One step forward, two steps backward

Pak-India ties: One step forward, two steps backward

Rediff.com23 Dec 2021

So far, almost every positive development in terms of the bilateral ties has been overtaken by innate hostility that is often driven by popular sentiments.

At current pace India will inoculate 75% of population only by mid-2024

At current pace India will inoculate 75% of population only by mid-2024

Rediff.com2 Jun 2021

The average rate of COVID-19 vaccination in the country has been 10.8 million per week. At that rate, it will take India till December 2024 to complete two billion doses.

Nepal, India hold high-level talks amidst border row

Nepal, India hold high-level talks amidst border row

Rediff.com17 Aug 2020

The meeting came days after Nepal Prime Minister K P Sharma Oli telephoned his Indian counterpart Narendra Modi to greet him on India's 74th Independence Day, in the first high-level contact after bilateral ties came under severe strain following issuance of a new political map by Nepal in May.

The growing tussle between the govt and CAG

The growing tussle between the govt and CAG

Rediff.com22 May 2022

In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.

Kerala tops Niti Aayog's Health Index list, UP last

Kerala tops Niti Aayog's Health Index list, UP last

Rediff.com25 Jun 2019

Andhra Pradesh and Maharashtra are at second and third spot, whereas Uttar Pradesh and Bihar remained at the bottom.

Budget ignores women and children

Budget ignores women and children

Rediff.com5 Feb 2021

Women and children have been given short shrift with these crucial sectors facing substantive budgetary cuts, discovers Rashme Sehgal.

China's Brahmaputra dam: How India will respond

China's Brahmaputra dam: How India will respond

Rediff.com10 Dec 2020

'India is planning to construct a multipurpose reservoir.' 'It will be a 10,000 MW hydropower project to offset the impact of the hydropower project by China.'

Modi's climate target poses upside risks: Fitch

Modi's climate target poses upside risks: Fitch

Rediff.com4 Nov 2021

Fitch Solutions on Thursday said the new climate targets announced at the COP26 summit by Prime minister Narendra Modi pose an upside risk to its outlook for renewable growth in the country. With the new targets, it expected to see attempts to alleviate the issues regarding supply chains, manufacturing and project development that have long plagued renewable proliferation.

China slams Quad summit as clique, says has no future

China slams Quad summit as clique, says has no future

Rediff.com14 Sep 2021

"Relevant countries should abandon the obsolete Cold War mentality and narrow-minded geopolitical rivalry concept and view correctly and respect people's aspiration in the region and do more things conducive to regional solidarity and cooperation," Chinese foreign ministry spokesman Zhao Lijian said.

NITI Aayog's artificial intelligence proposal gets FinMin's nod

NITI Aayog's artificial intelligence proposal gets FinMin's nod

Rediff.com10 Sep 2019

NITI Aayog had been asking for Rs 7,500 crore for three years to set up an AI framework.

India, China pose no threat to each other: Envoy

India, China pose no threat to each other: Envoy

Rediff.com10 Oct 2019

The Summit will take bilateral relations to a higher level and have a major and positive impact on regional and world peace, stability and development, Sun said.

Govt unlikely to tweak GST rates on non-essential items

Govt unlikely to tweak GST rates on non-essential items

Rediff.com1 Jun 2020

Retaining the GST rate assumes importance since states are under pressure to increase their revenues, hit hard by lockdown. Also, the Centre has not fully compensated states for their revenue losses on account of GST for 2019-20.

Stimulus 4.0 might come before Diwali, focus on jobs and stressed sectors

Stimulus 4.0 might come before Diwali, focus on jobs and stressed sectors

Rediff.com12 Nov 2020

Unlike the first two stimulus packages, this time the focus would be on boosting demand.

How water-efficient are your home appliances?

How water-efficient are your home appliances?

Rediff.com3 Sep 2019

The highest water-use efficiency of more than $ 50 per cubic metre is in Oceania, Australia, New Zealand, Singapore, Israel, Denmark, Finland, and Great Britain while the lowest is in Central and South Asia, including India, at less than $ 10 per cubic metre.

India kicks off campaign for elected UNSC seat

India kicks off campaign for elected UNSC seat

Rediff.com5 Jun 2020

If elected, it would be India's eighth term on the UN Security Council and this two-year tenure will start in January 2021.