News for 'State for Economic Affairs'

Modi, Blinken draw China ire for greeting Dalai Lama on birthday

Modi, Blinken draw China ire for greeting Dalai Lama on birthday

Rediff.com7 Jul 2022

Chinese foreign ministry spokesman Zhao Lijian told a media briefing that "the Indian side should fully recognise the anti-China separatist nature of the 14th Dalai Lama."

Shaktikanta Das named new RBI Governor

Shaktikanta Das named new RBI Governor

Rediff.com11 Dec 2018

He will be the first bureaucrat to head the central bank in almost five years.

'Crypto not currency; needs to be regulated'

'Crypto not currency; needs to be regulated'

Rediff.com7 Sep 2021

Former RBI deputy governor R Gandhi on Tuesday made a case for treating and regulating crypto as a separate asset class with a view to enabling governments around the world to effectively deal with illegal activities associated with virtual currencies. After quite a lot of debate over the years, he said, people have fully understood that crypto cannot be a currency because the fundamental element of a currency- that it should be a legal tender- is missing in this case. He said that in this case, one cannot compel a crypto currency to be accepted by another person as it is not a legal tender.

'Karan Bhatia is rising star'

'Karan Bhatia is rising star'

Rediff.com15 Sep 2005

End conflict in Ukraine, return to dialogue: India at UN

End conflict in Ukraine, return to dialogue: India at UN

Rediff.com22 Sep 2022

Jaishankar said the world has experienced its consequences in terms of higher costs and shortages of foodgrains and fertilizers and fuel.

PFC appoints merchant bankers for Rs 5,600 cr FPO

PFC appoints merchant bankers for Rs 5,600 cr FPO

Rediff.com24 Feb 2011

State-run Power Finance Corporation (PFC) on Thursday said it has appointed four merchant bankers - Goldman Sachs, JM Financial, DSP Merill Lynch and ICICI Securities - to manage the Rs 5,600 crore (Rs 56 billion) follow-on public offer.

3 big-ticket divestments: Govt to sell stake in BPCL, SCI, Concor

3 big-ticket divestments: Govt to sell stake in BPCL, SCI, Concor

Rediff.com20 Nov 2019

At the same time, the Cabinet approved reducing government's stake in select PSUs such as IOC to below 51 per cent while continuing to retain management control.

Has Udhayanidhi Shot INDIA Alliance in the Foot?

Has Udhayanidhi Shot INDIA Alliance in the Foot?

Rediff.com4 Sep 2023

Udayanidhi has handed over to the BJP one real issue to draw the line between it and the INDIA alliance, predicts N Sathiya Moorthy.

Was Narasimha Rao India's Best Prime Minister?

Was Narasimha Rao India's Best Prime Minister?

Rediff.com22 Aug 2023

'He told senior journalists a few days after the Babri Masjid demolition, 'Jo hua theek hua. Maine isliye hone diya ki BJP ki rajniti hamesha ke liye khatam ho jaye.'

China Will Never Get Ladakh!

China Will Never Get Ladakh!

Rediff.com31 Oct 2023

'It is flabbergasting to think that this heavenly region has, for decades, been coveted by India's aggressive neighbours,' says Claude Arpi after a recent visit to Ladakh. 'Wanting to use the newly created infrastructure to defend the borders after the clash of 2020 with China and the resulting standoffs, the home ministry is keen to boost border tourism to show that these areas are controlled by India.'

Yoginder Alagh's Death Is A Loss To India

Yoginder Alagh's Death Is A Loss To India

Rediff.com7 Dec 2022

For Yoginder, it is a release from pain. But for us, his friends, it is the loss of a warm and generous life companion, says Nitin Desai of his 50-year association with the eminent economist who passed into the ages on December 6, 2022.

Centre doles out Rs 8,750 cr to humour Mamata

Centre doles out Rs 8,750 cr to humour Mamata

Rediff.com8 Dec 2011

To stay on the right side of the Trinamool Congress, the Centre has opened its coffers for West Bengal.

Guidelines on privatisation of PSUs soon

Guidelines on privatisation of PSUs soon

Rediff.com21 Jul 2020

Finance Minister Nirmala Sitharaman had in May announced that there will be a maximum of four public sector companies in strategic sectors, and state-owned firms in other segments will eventually be privatised.

Modi reconstitutes Niti Aayog; Shah ex-officio member

Modi reconstitutes Niti Aayog; Shah ex-officio member

Rediff.com6 Jun 2019

Rajiv Kumar will continue as vice-chairman of the body, along with other full-time members V K Saraswat, Ramesh Chand and V K Paul.

Rs 1,800 cr job plan for the disabled

Rs 1,800 cr job plan for the disabled

Rediff.com17 Jan 2008

With shrinking employment opportunities in the state sector, the government on Thursday approved a Rs 1,800 crore (Rs 18 billion) scheme for incentivising private sector to employ 1,00,000 disabled people a year.

S&P reaffirms India's rating, retains outlook at 'stable'

S&P reaffirms India's rating, retains outlook at 'stable'

Rediff.com3 Dec 2019

S&P has maintained a stable outlook on the basis of their expectation that over the next two years the growth will remain strong and India will maintain its sound net external position and fiscal deficit will remain elevated but broadly in line with their forecast.

India refutes reports of sending troops to Sri Lanka

India refutes reports of sending troops to Sri Lanka

Rediff.com11 Jul 2022

India on Sunday said it stands with the Sri Lankan people in their aspirations for prosperity and progress through democratic means, established institutions and constitutional framework.

Modi will bail out crisis-hit Pak, extend olive branch, claims ex-RAW chief

Modi will bail out crisis-hit Pak, extend olive branch, claims ex-RAW chief

Rediff.com25 Feb 2023

Dulat, however, pointedly said engagement with Pakistan has always been "influenced by domestic politics".

US offers all support to make India's G20 presidency a success

US offers all support to make India's G20 presidency a success

Rediff.com25 Feb 2023

Blinken will also attend a meeting of the foreign ministers of the Quad grouping and will hold bilateral talks with his Indian counterpart S Jaishankar in Delhi.

Parl passes bill to ban funding of WMDs; good for country's security, says EAM

Parl passes bill to ban funding of WMDs; good for country's security, says EAM

Rediff.com1 Aug 2022

Replying to a debate on the bill, Jaishankar said all members who spoke on the proposed legislation recognised that terrorism is a serious threat and so are weapons of mass destruction.

Sitharaman assures angry PMC depositors of changes in law

Sitharaman assures angry PMC depositors of changes in law

Rediff.com10 Oct 2019

At the press interaction, Sitharaman said secretaries from the department of financial services and economic affairs will be meeting a deputy governor of RBI soon to look into the "shortcomings" of the functioning of multi-state cooperative banks and see if any amendments can be made to the laws.

What Are The Aims Of India's Indo-Pacific Policy?

What Are The Aims Of India's Indo-Pacific Policy?

Rediff.com26 Jun 2023

India's historical focus on its continental borders has overshadowed its maritime ambitions, but that is changing quickly, notes Ajai Shukla.

Cabinet okays Rs 7,000 cr to clean Ganga

Cabinet okays Rs 7,000 cr to clean Ganga

Rediff.com28 Apr 2011

Share of central government will be Rs. 5,100 crore and of the state governments of Uttarakhand, Uttar Pradesh, Bihar, Jharkhand and West Bengal will be Rs. 1,900 crore.

ED summons Maha NCP chief in IL&FS money laundering case

ED summons Maha NCP chief in IL&FS money laundering case

Rediff.com11 May 2023

The 61-year-old MLA from Islampur seat of Maharashtra has been asked to depose before the federal agency in Mumbai on Friday, they said. Patil, a former minister of home and finance, is also the Maharashtra president of the NCP and is a seven-term legislator.

Modi reaches Doha, economic cooperation high on agenda

Modi reaches Doha, economic cooperation high on agenda

Rediff.com4 Jun 2016

On his arrival, Modi was warmly received by Qatar's Prime Minister Abdullah bin Nasser bin Khalifa Al Thani at the airport.

US-China rivalry a marathon, has led to regional arms race: Navy chief

US-China rivalry a marathon, has led to regional arms race: Navy chief

Rediff.com13 Mar 2023

Navy chief Admiral R Hari Kumar on Monday flagged concerns over growing geo-political power play in the Indo-Pacific, and noted that the US-China rivalry in the region is likely to be a "marathon".

Nod given to PFC's FPO

Nod given to PFC's FPO

Rediff.com10 Feb 2011

Government has approved follow-on public offer of Power Finance Corporation worth Rs. 5,732 crore.

Sri Lanka rejects Trudeau's 'Tamil Genocide' comment

Sri Lanka rejects Trudeau's 'Tamil Genocide' comment

Rediff.com20 May 2023

Sri Lanka's Ministry of Foreign Affairs rejected Trudeau's statements, asserting that they contained outrageous claims of genocide relating to past conflicts in the country.

The men behind Sitharaman's 2nd Budget

The men behind Sitharaman's 2nd Budget

Rediff.com30 Dec 2019

Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. Like any other FM, Sitharaman will depend on her team of bureaucrats and advisors to frame and present the Budget.

Satpayev stake buy: ONGC to partner Mittal

Satpayev stake buy: ONGC to partner Mittal

Rediff.com31 Jul 2009

The Cabinet Committee on Economic Affairs last evening gave OVL, the overseas arm of the state-run explorer, approval to invest its share of $204 million in the oilfield. Over and above these, the two have committed a minimum exploration investment of $165 million and an additional optional exploration expenditure of $235 million.

India, fastest-growing major economy, likely to grow 6.4% in 2022: UN

India, fastest-growing major economy, likely to grow 6.4% in 2022: UN

Rediff.com19 May 2022

As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year's 8.8 per cent but still the fastest-growing major economy, with higher inflationary pressures and uneven recovery of the labour market curbing private consumption and investment, according to a UN report. The UN Department of Economic and Social Affairs said in its World Economic Situation and Prospects (WESP) report released on Wednesday that the war in Ukraine has upended the fragile economic recovery from the pandemic, triggering a devastating humanitarian crisis in Europe, increasing food and commodity prices and globally exacerbating inflationary pressures. The global economy is now projected to grow by only 3.1 per cent in 2022, down from the 4.0 per cent growth forecast released in January 2022.

Why agri-commodity policies need a revamp

Why agri-commodity policies need a revamp

Rediff.com2 Sep 2008

As a result of the downturn in commodity prices across the world, and the easing of supply constraints on most commodities because of good domestic production, there is hardly any incentive for over-stocking by trade or bulk consumers of agri-commodities. Also, it is amply clear that the imposition of storage limits on farm goods has had little impact on their prices or the overall rate of inflation. Even the ban on futures trading has proved ineffectual.

Jaishankar recalls Hillary Clinton's 'snake' analogy to slam Pak

Jaishankar recalls Hillary Clinton's 'snake' analogy to slam Pak

Rediff.com16 Dec 2022

The world today sees them (Pakistan) as the epicentre of terrorism, Jaishankar said.

New power tariff policy approved

New power tariff policy approved

Rediff.com24 Dec 2005

Jaishankar to move bill on weapons of mass destruction in RS on Monday

Jaishankar to move bill on weapons of mass destruction in RS on Monday

Rediff.com16 Jul 2022

External Affairs Minister S Jaishankar will move the Weapons of Mass Destruction Bill in Rajya Sabha, as per the house's list of business.

You may have to pay more for electricity

You may have to pay more for electricity

Rediff.com21 Jun 2007

Both industrial and domestic consumers will have to shell out more money for electricity following a hefty 14 per cent hike in the royalty that states charge on coal, the major input for power generation.

Focus not on what divides us, but on what unites us: Modi at G20 meet

Focus not on what divides us, but on what unites us: Modi at G20 meet

Rediff.com2 Mar 2023

Modi also invoked Mahatma Gandhi and Buddha to urge the delegates to draw inspiration from India's civilisational ethos and "focus not on what divides us, but on what unites us."

China's population declines for first time since 1961

China's population declines for first time since 1961

Rediff.com17 Jan 2023

China's population in 2022 -- 1.4118 billion -- fell by 850,000 from 2021, the National Bureau of Statistics (NBS) said.

The Theme Of Budget 2023 Will Be....

The Theme Of Budget 2023 Will Be....

Rediff.com13 Jan 2023

'It has been an ongoing process, talking to the relevant ministries about eliminating leakages and curbing non-core expenditure in various schemes.'

US Senate panel confirms Ken Juster as envoy to India

US Senate panel confirms Ken Juster as envoy to India

Rediff.com27 Oct 2017

Juster played a key role in the landmark Indo-US civil nuclear deal.