News for 'State for Economic Affairs'

'Deeply troubling': MEA on US funds for voting in India

'Deeply troubling': MEA on US funds for voting in India

Rediff.com21 Feb 2025

India on Friday said that the United States' administration's information regarding funding in India is 'deeply troubling' and has led to concerns regarding foreign interference in India's internal affairs.

Caste census: Opposition parties claim victory

Caste census: Opposition parties claim victory

Rediff.com30 Apr 2025

As the Centre announced the inclusion of caste enumeration in the next census on Wednesday, opposition parties said it is a victory for their long-standing demand and sought time-bound implementation.

Govt May Save Over Rs 70K Cr In FY25

Govt May Save Over Rs 70K Cr In FY25

Rediff.com20 Jan 2025

The government may save over Rs 70,000 crore (Rs 700 billion) on capital and revenue expenditure allocated towards new schemes in the FY25 Budget that are yet to be implemented.

Yunus to stay on as Bangladesh interim chief, says adviser

Yunus to stay on as Bangladesh interim chief, says adviser

Rediff.com24 May 2025

The chief adviser's decision to stay in office came two days after he told student-led National Citizen Party (NCP) leaders that he was mulling resignation as he felt "the situation is such that he cannot work", citing difficulties in working amid the failure of political parties to find common ground for change.

India Ramps Up Gold Reserves...

India Ramps Up Gold Reserves...

Rediff.com19 Mar 2025

The RBI added roughly 3 tonnes in 2025, taking its gold reserves to 879 tonnes as of January 31, 2025.

New York City declares April 14 as Dr BR Ambedkar Day

New York City declares April 14 as Dr BR Ambedkar Day

Rediff.com15 Apr 2025

Deputy Commissioner for the New York City Mayor's Office for International Affairs Dilip Chauhan made the announcement in the presence of Minister of State for Social Justice and Empowerment Dr Ramdas Athawale, who delivered the keynote address at a special event organised at the UN headquarters on Monday to commemorate Dr Ambedkar's 134th birth anniversary.

Concerning: Jaishankar on $21 million USAID row

Concerning: Jaishankar on $21 million USAID row

Rediff.com23 Feb 2025

India's External Affairs Minister S Jaishankar has expressed concern over information regarding USAID funding in India, calling it "concerning" and hinting at potential "bad faith" activities. Jaishankar asserted that India is looking into the matter and that the country should know who is involved in such activities. He also emphasized the need to expand India's security definition in the digital age, highlighting the influence of technology and narratives on public perception. The statements come amid controversy surrounding USAID funding for certain activities in India, with the US President Donald Trump questioning the agency's funding of voter turnout efforts.

India, China draw closer amid Trump's tariff war

India, China draw closer amid Trump's tariff war

Rediff.com9 Apr 2025

Chinese President Xi Jinping on Wednesday pledged to strengthen the strategic relationships with neighbouring countries by 'appropriately' managing differences and enhancing supply chain ties as China's tariff war with the United States escalated.

'Trump Admires Only Himself'

'Trump Admires Only Himself'

Rediff.com11 Mar 2025

'He may respect others, but he is unlikely to admire them'

'Neither India Or Pakistan Desire Full-Scale War'

'Neither India Or Pakistan Desire Full-Scale War'

Rediff.com10 May 2025

'I am worried that Pakistan will still feel compelled to take substantive military action beyond this apparent drone activity.' 'If so, the crisis could persist for a while more and dangerous days are still ahead.'

Budget 2025: FM takes part in customary halwa ceremony

Budget 2025: FM takes part in customary halwa ceremony

Rediff.com24 Jan 2025

Finance Minister Nirmala Sitharaman on Friday participated in a traditional 'halwa' ceremony, marking the final stage for the preparation of Union Budget 2025-26 to be unveiled on February 1 in the Lok Sabha. The ceremony is a customary ritual in which traditional dessert 'halwa' is prepared and served to officials and staff members of the finance ministry who are involved in the preparation of the Budget.

'We Expect Everyone Will Shift To New Tax Regime Now'

'We Expect Everyone Will Shift To New Tax Regime Now'

Rediff.com2 Feb 2025

'Nearly 10 million people will benefit from the increase in the rebate limit for those earning up to Rs 12 lakh.' 'We expect all that money will come back into the economy in either savings, consumption, or investments.'

No breakthrough in Karnataka cabinet meeting on caste census

No breakthrough in Karnataka cabinet meeting on caste census

Rediff.com17 Apr 2025

A special cabinet meeting in Karnataka convened to discuss the contentious Social and Educational Survey report, popularly known as 'caste census', ended without a decision. The cabinet will reconvene on May 2 to discuss the report further and make a final decision.

Why Govt Is In No Hurry On Digital Competition Bill

Why Govt Is In No Hurry On Digital Competition Bill

Rediff.com17 Mar 2025

'Indian players in the digital market should not be dominated by global players, and they should not dominate the smaller players -- these discussions are on.'

'US Remains Invested In Quad'

'US Remains Invested In Quad'

Rediff.com14 Feb 2025

'Trump's aggressive stance towards China and preference for military posturing could shift the Quad's balance towards overt militarisation.'

RBI Guv Shaktikanta Das to demit office on Tuesday

RBI Guv Shaktikanta Das to demit office on Tuesday

Rediff.com9 Dec 2024

Shaktikanta Das will demit the office on Tuesday after completing six years as the 25th Governor of the Reserve Bank of India. Revenue Secretary Sanjay Malhotra will replace him as the 26th Governor. He was appointed as the Governor on December 12, 2018, after the abrupt exit of Urjit Patel.

US, Russia hold talks to end war, without Ukraine

US, Russia hold talks to end war, without Ukraine

Rediff.com19 Feb 2025

After more than four hours of talks in Saudi Arabia, the US and Russia agreed on four key principles, Rubio said on Tuesday. These include appointing a high-level team to help "negotiate and work through the end of the conflict in Ukraine" in a way that's "acceptable to all the parties engaged."

Will US Host India-Pakistan Talks In Washington?

Will US Host India-Pakistan Talks In Washington?

Rediff.com15 May 2025

Acutely conscious that he's left with less than four years to create his legacy, Trump is undoubtedly a man in a hurry, observes Ambassador M K Bhadrakumar.

ED searches Soros' funding agency, investment arm in Bengaluru

ED searches Soros' funding agency, investment arm in Bengaluru

Rediff.com18 Mar 2025

Soros, a Hungarian-American political activist, and his organisations like OSF have been accused by the ruling BJP of acting against India's interests. His utterances during the Adani-Hindenburg controversy also drew criticism from the party.

Donald Trump's move suits India: Jaishankar

Donald Trump's move suits India: Jaishankar

Rediff.com6 Mar 2025

India's External Affairs Minister S Jaishankar has stated that the US administration under President Donald Trump is moving towards multipolarity, which aligns with India's interests. He also revealed that India and the US have reached an agreement on the need for a bilateral trade pact. Jaishankar touched upon various foreign policy issues including India's role in the Russia-Ukraine conflict, the trajectory of the BRICS grouping, and relations with China during a session at the Chatham House think-tank in London.

Why Jaishankar feels US under Trump 'suits' India

Why Jaishankar feels US under Trump 'suits' India

Rediff.com6 Mar 2025

"From President Trump's perspective, the one big shared enterprise that we have is the Quad, which is an understanding where everybody pays their fair share. There are no free riders involved. So that's a good model which works," he said. The Quad alliance consists of the US, India, Australia and Japan.

Can't name all states, says FM as Opposition walks out

Can't name all states, says FM as Opposition walks out

Rediff.com24 Jul 2024

The Indian National Developmental Inclusive Alliance (INDIA) parties, led by the Congress, staged a walkout from both Houses of Parliament on Wednesday, in protest against all states except two being 'ignored' in the budget, an allegation termed 'outrageous' by Finance Minister Nirmala Sitharamanm, who said all the states never found a mention in any of the previous budgets, including those presented by the Congress.

Mumbai's Lilavati Hospital trust alleges Rs 1,500 cr fraud by ex-trustees

Mumbai's Lilavati Hospital trust alleges Rs 1,500 cr fraud by ex-trustees

Rediff.com12 Mar 2025

The Lilavati Kirtilal Mehta Medical Trust (LKMMT), which runs Mumbai's Lilavati Hospital, has accused its former trustees and related individuals of misappropriating over Rs 1,500 crore. The trust has filed complaints with the Enforcement Directorate (ED) and the Bandra Police Station, alleging that the misappropriation, uncovered during a forensic audit, has impacted the trust's operations and healthcare services. The trust has also claimed that black magic was performed in the hospital premises by former trustees and related individuals. The Bandra Magistrate Court has ordered an inquiry against these individuals. The current trustees have identified large-scale irregularities in the hospital management body's affairs and appointed forensic auditors who found that over Rs 1,500 crore has been siphoned and misappropriated by the former trustees. The Mumbai police's Economic Offences Wing (EOW) has initiated a probe into an alleged cheating case of Rs 85 crore registered against three former trustees of the hospital.

2nd US flight with 119 deportees to arrive in Punjab today

2nd US flight with 119 deportees to arrive in Punjab today

Rediff.com15 Feb 2025

The deportation of 104 Indian nationals from the US, followed by another 119 set to arrive in Amritsar on Saturday night, has sparked controversy in India over the treatment of returnees. The US government's intensified crackdown on undocumented immigrants has led to criticism of the use of handcuffs and shackles for deportees, even those who have committed no crimes beyond immigration violations. The issue has led to heated debates in the Indian Parliament, with opposition leaders demanding an inquiry into the deportation process. The Indian government is engaging with US officials to ensure the humane treatment of deportees, while also facing the challenge of reintegrating returnees into Indian society. The deportations highlight the ongoing tension between border control and human rights, and the complexities of US-India relations.

'BJP Won't Be Able To Form Government In Bengal in 2026'

'BJP Won't Be Able To Form Government In Bengal in 2026'

Rediff.com21 Apr 2025

'The BJP lacks a credible mass leader who matches Mamata Banerjee's popularity.' 'Given the division of votes among Opposition parties, the West Bengal government's dole-giving strategy, and the consolidation of the poor, significant sections of scheduled caste groups and Muslim minorities behind the ruling party, it will be difficult to dislodge the Trinamool from power.'

Modi dials Trump, says 'delighted to speak to dear friend'

Modi dials Trump, says 'delighted to speak to dear friend'

Rediff.com28 Jan 2025

Prime Minister Narendra Modi and United States President Donald Trump on Monday vowed to work towards a 'trusted' partnership with a focus on boosting India-US cooperation in areas of trade, energy and defence in their first phone conversation since the American leader's inauguration last week.

NEUFC's new home Shillong set to host Chhetri, others

NEUFC's new home Shillong set to host Chhetri, others

Rediff.com4 Feb 2025

I-League 2 team Sudeva FC launches collaboration with VfB Stuttgart for grassroots development

SC refuses stay on Adani's Dharavi redevelopment project

SC refuses stay on Adani's Dharavi redevelopment project

Rediff.com7 Mar 2025

The Supreme Court of India has refused to halt the redevelopment project of Dharavi in Mumbai, allowing the Adani Group to proceed with their project. The court rejected a plea from Seclink Technologies Corporation, the original highest bidder for the project in 2018, which challenged the tender process and the award to Adani Properties Pvt Ltd in 2022. The court directed Adani Properties to make payments through a single bank account and ordered Seclink Technologies to file an affidavit detailing their increased offer for the project. The project work has already commenced, with constructions underway and 2,000 people employed on the site.

A few final steps to be completed: Misri on Rana's extradition

A few final steps to be completed: Misri on Rana's extradition

Rediff.com14 Feb 2025

The United States has approved the extradition of Tahawwur Rana, accused of involvement in the 2008 Mumbai terror attacks, to India. The decision was announced by President Donald Trump during a joint press conference with Prime Minister Narendra Modi in the White House. India is currently working on the logistics of Rana's surrender and extradition, with several final steps to be completed before he is sent back to India. The joint statement issued by India and the US during Prime Minister Modi's visit reaffirmed their commitment to fighting terrorism and eliminating terrorist safe havens. The leaders also called on Pakistan to bring to justice the perpetrators of the 26/11 Mumbai and Pathankot attacks. Rana, a Canadian national of Pakistani origin, is currently lodged at a metropolitan detention center in Los Angeles. He is associated with Pakistani-American terrorist David Coleman Headley, one of the main conspirators of the 26/11 attacks.

Will Sitharaman's Debt-GDP vs Fiscal Deficit Gamble Pay Off?

Will Sitharaman's Debt-GDP vs Fiscal Deficit Gamble Pay Off?

Rediff.com21 Feb 2025

Using the debt-to-GDP ratio as a fiscal anchor aligns with efforts to promote fiscal transparency through proper disclosure of off-budget borrowings.

New CEC who played key role in Art 370 abrogation, Ram temple trust

New CEC who played key role in Art 370 abrogation, Ram temple trust

Rediff.com18 Feb 2025

Kumar, who played a key role in implementing decisions following the abrogation of Article 370 of the Constitution in Jammu and Kashmir during his stint in the Union home ministry, took charge as an election commissioner on March 15, 2024.

Gyanesh Kumar appointed as next CEC

Gyanesh Kumar appointed as next CEC

Rediff.com18 Feb 2025

Gyanesh Kumar, a 1988-batch Kerala Cadre IAS officer, has been appointed as the next Chief Election Commissioner (CEC) of India. Kumar, who was previously an Election Commissioner, will serve until January 26, 2029. His appointment comes amidst controversy as the Congress party demanded the government defer its decision until the Supreme Court concludes its hearing on a petition challenging the composition of the selection panel. Kumar's tenure will see him oversee several state assembly elections, including Bihar, Kerala, Puducherry, Tamil Nadu, and West Bengal.

Tariff war escalates: China warns US of countermeasures, plans WTO suit

Tariff war escalates: China warns US of countermeasures, plans WTO suit

Rediff.com2 Feb 2025

In a statement, the Chinese ministry of commerce said that it would file a lawsuit with the World Trade Organisation against the US for its "wrongful practice," the Global Times reported.

'India Missed Opportunity To Take Back Parts Of PoK'

'India Missed Opportunity To Take Back Parts Of PoK'

Rediff.com14 May 2025

'Had Haji Pir and/or Skardu been taken, the message would have gone out not just to General Asim Munir and his cohort in the Pakistan army but to the Pakistani people that every terrorist incident in India would lead to substantial loss of territory in PoK.'

''Trump Will Do A Deal With China'

''Trump Will Do A Deal With China'

Rediff.com7 Mar 2025

'Trump's desire to withdraw the US from some arenas on the global stage will result in ceding space to China.'

Govt invites applications for chief economic adviser post

Govt invites applications for chief economic adviser post

Rediff.com26 Oct 2021

The government has invited applications for the post of chief economic adviser (CEA) to replace K V Subramanian, who will complete his three-year tenure next month. Subramanian was appointed as CEA on December 7, 2018, while he assumed charge on December 24 in the same year. As per the public notice dated October 24, 2021 issued by Department of Economic Affairs, the Ministry of Finance, officer of central, state governments, RBI and public sector banks holding analogous post on regular basis in parent cadres or department are eligible to apply for the post.

Meet Nirmalaji's Core Budget Team

Meet Nirmalaji's Core Budget Team

Rediff.com23 Jul 2024

The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.

Why Do They Use Dunki Route To Leave India?

Why Do They Use Dunki Route To Leave India?

Rediff.com19 Feb 2025

How have aspirations, ambitions and hopes broken down for these young men from the most advanced parts of India? asks Mihir S Sharma.

There will be no winner: Xi's warning to Trump

There will be no winner: Xi's warning to Trump

Rediff.com10 Dec 2024

Gearing up for Trump 2.0 era, Chinese President Xi Jinping on Tuesday cautioned there will be no winner in a tariff or tech wars between China and the United States and vowed that Beijing would firmly safeguard its interests.

Evera Cabs bets on BluSmart EVs to drive Rs 100 crore revenue in FY26

Evera Cabs bets on BluSmart EVs to drive Rs 100 crore revenue in FY26

Rediff.com8 May 2025

Delhi-based electric vehicle (EV) ride-hailing firm Evera Cabs, which grabbed headlines after acquiring 500 cars from the now-defunct cab service BluSmart, is stepping up its presence in the EV cab segment. The company is aiming for revenue of Rs 100 crore in the ongoing financial year (2025-26), up from Rs 18 crore in 2024-25.