News for 'State for Economic Affairs'

Mid-Day Meal is now PM POSHAN, to cover pre-primary students

Mid-Day Meal is now PM POSHAN, to cover pre-primary students

Rediff.com30 Sep 2021

The Union cabinet on Wednesday approved the roll-out of the 'PM POSHAN in Schools' scheme that will provide hot cooked meal to students of elementary classes in government and government-aided schools across the country.

India, Pak came close to a nuclear war post-Balakot: Pompeo

India, Pak came close to a nuclear war post-Balakot: Pompeo

Rediff.com25 Jan 2023

'As one might expect, he believed the Indians were preparing their nuclear weapons for deployment. It took us a few hours - and remarkably good work by our teams on the ground in New Delhi and Islamabad - to convince each side that the other was not preparing for nuclear war'

President, VP & Governors get 300 pc pay hike

President, VP & Governors get 300 pc pay hike

Rediff.com11 Sep 2008

The government has enhanced the emoluments of the President, the Vice President and governors to Rs 1.5 lakh, Rs 1.25 lakh and Rs 1.10 lakh respectively. The Cabinet secretary and defence chiefs too have been given substantial increments.

With 268 seats in non-BJP states, how will 2024 pan out?

With 268 seats in non-BJP states, how will 2024 pan out?

Rediff.com21 May 2021

Elections 2024 is not as open and shut as has been presumed. There is some life left in it, observes N Sathiya Moorthy.

Major changes in finance ministry after Budget

Major changes in finance ministry after Budget

Rediff.com10 Jan 2017

Three key babus will make room for a new set of officers to carry the baton of Budget programmes.

Oppn takes no-trust vote route to force Modi to speak on Manipur

Oppn takes no-trust vote route to force Modi to speak on Manipur

Rediff.com25 Jul 2023

The opposition strategy to corner the government on Manipur will continue in the Rajya Sabha as well, the sources said.

FinMin advances Budget preparation by over 2 months

FinMin advances Budget preparation by over 2 months

Rediff.com18 Aug 2015

Traditionally, the Budget making exercise begins from mid-October.

CIA asked Dutch govt not to act against A Q Khan

CIA asked Dutch govt not to act against A Q Khan

Rediff.com9 Sep 2005

The country's security agency, BVD, had also asked the ministry of economic affairs in 1975, then headed by him, not to act against Khan.

From North Block to Mint Street, Shaktikanta Das has traversed a long way

From North Block to Mint Street, Shaktikanta Das has traversed a long way

Rediff.com11 Dec 2018

From defending the shock announcement of demonetisation to spearheading the remonetisation drive that included the cumbersome process of printing and supplying new Rs 500 and Rs 2,000 notes, his calm composure brought a sense of serenity to an otherwise chaotic situation.

Lankan Prez sacks brother Basil Rajapaksa as FM; invites Oppn to join unity Cabinet

Lankan Prez sacks brother Basil Rajapaksa as FM; invites Oppn to join unity Cabinet

Rediff.com4 Apr 2022

Basil had negotiated the Indian economic relief package to help Sri Lanka tackle the current foreign exchange crisis.

Senseless pressure on Sri Lanka over ship visit, says China

Senseless pressure on Sri Lanka over ship visit, says China

Rediff.com8 Aug 2022

Riled by Sri Lanka's request to defer the planned docking of a high-tech Chinese research vessel at the strategic Hambantota Port, China on Monday took a dig at India, saying it was "senseless to pressure" Colombo by citing the issue of security concerns.

PSUs likely to invest in MFs

PSUs likely to invest in MFs

Rediff.com17 May 2007

The Cabinet Committee on Economic Affairs will discuss the proposal to lift the ban on state-owned companies from investing in mutual funds in its weekly meeting on Thursday.

CCEA defers decision on petro profit sharing

CCEA defers decision on petro profit sharing

Rediff.com13 Mar 2003

The Cabinet Committee on Economic Affairs deferred on Thursday a decision on sharing royalty earned from oil output with states.\n\n

Desi Who Will Sanction Putin's Russia

Desi Who Will Sanction Putin's Russia

Rediff.com25 Feb 2022

United States Deputy National Security Advisor Daleep Singh is the White House's anchorperson for economic sanctions against Russia.

Trauma centres to dot Golden Quadrilateral

Trauma centres to dot Golden Quadrilateral

Rediff.com14 Dec 2007

Setting up of the network will ensure that each accident victim on these corridors is able to get medical assistance in time. In fact, the draft policy on road safety, which the Ministry for Road Transport and Highways is currently finalising, also carries a proposal on the same lines.

Jagdeep Dhankhar, once a 'reluctant politician' to VP

Jagdeep Dhankhar, once a 'reluctant politician' to VP

Rediff.com6 Aug 2022

Dhankhar, who took to cricket in his school days and also had keen interest in spirituality and meditation, began his political journey with the Janata Dal and won the Lok Sabha elections in 1989.

'China-Pak relations are not hunky-dory'

'China-Pak relations are not hunky-dory'

Rediff.com24 Nov 2006

There are contradictions in that relationship too.

At UNSC, Jaishankar's veiled attack on China, Pak

At UNSC, Jaishankar's veiled attack on China, Pak

Rediff.com14 Dec 2022

Multilateral platforms are being misused to justify and protect perpetrators of terrorism, External Affairs Minister S Jaishankar said

Did poverty and inequality spike during Covid?

Did poverty and inequality spike during Covid?

Rediff.com20 Mar 2023

Claims of a spike in poverty and inequality in India during the Covid-19 pandemic are patently false as such claims are based on uncomparable different surveys, according to a paper co-authored by eminent economist Arvind Panagariya. The paper also noted that inequality fell in the country during Covid years, both in rural and urban areas as well as nationally. Panagariya, Columbia University Professor and former vice chairman of NITI Aayog and Vishal More of Intelink Advisors, New Delhi have co-authored a detailed paper 'Poverty and Inequality in India: Before and After Covid-19'.

Govt changes biz models to attract private investments in infra

Govt changes biz models to attract private investments in infra

Rediff.com9 Sep 2014

The move is part of a larger initiative by the government to speed up work in the highway sector.

UTI AMC to be sold for Rs 1,237 cr

UTI AMC to be sold for Rs 1,237 cr

Rediff.com29 Sep 2005

The government on Thursday cleared the long-awaited sale of the UTI Asset Management Company to three state-owned banks and the LIC at a price of Rs 1,237 crore.

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.

FinMin finds RBI a tough nut to crack

FinMin finds RBI a tough nut to crack

Rediff.com12 Jun 2017

North Block and Mint Road seem likely to now stick to the earlier convention of the RBI governor coming to Delhi and being the only MPC member meeting the finance minister and senior bureaucrats on pre-policy meetings

Kharge extends hand to parties to defeat BJP, says ready for sacrifices

Kharge extends hand to parties to defeat BJP, says ready for sacrifices

Rediff.com25 Feb 2023

In the prevailing difficult circumstances, the Congress is the only party that can provide capable and decisive leadership to the country, Kharge asserted.

The cost of bureaucratic processes

The cost of bureaucratic processes

Rediff.com15 May 2007

By the time vital decisions, such as importing foodgrain, get implemented, it is often too late.

Government hikes gas prices by 12%

Government hikes gas prices by 12%

Rediff.com27 May 2005

The government has approved a hike in natural gas prices by 12 per cent to Rs 3,200 per thousand standard cubic meters from Rs 2,850 for power and fertiliser units.

Will RBI cut rates on June 6?

Will RBI cut rates on June 6?

Rediff.com16 May 2019

The RBI is understood to be dithering since it would want more clarity on the cost of the fiscal policies the new government would undertake before it decides to cut rates, even though it has pencilled in a lower gross domestic product growth rate for this fiscal year.

FinMin to kick-start Budget 2022-23 exercise on October 12

FinMin to kick-start Budget 2022-23 exercise on October 12

Rediff.com21 Sep 2021

The finance ministry will kick-start the exercise to prepare the Union Budget for financial year 2022-23 (FY23) from October 12, according to an official notification released on Monday. "The pre-Budget meetings as well as the meetings to discuss the revised estimates will start from October 12 and will continue till the second week of November," according to the Budget circular of the Department of Economic Affairs' Budget Division. The Union Budget is expected to be announced on February 1, as has been the practice of the past few years.

Rajapaksa faces new crisis as dissidents plan to ditch govt

Rajapaksa faces new crisis as dissidents plan to ditch govt

Rediff.com5 Apr 2022

The dissidents, led by former president Sirisena's Sri Lanka Freedom Party, would leave the ruling Sri Lanka Podujana Peramuna coalition with its 14 Members of Parliament, party sources said after their meeting with the President on Monday.

RBI Rules Make It Difficult To Attract Talent

RBI Rules Make It Difficult To Attract Talent

Rediff.com5 Jun 2023

A top-class board is important from a systemic point of view, more so at a time when the wider financial world and India Inc is chasing the same talent as banks.

Is Waqf Act unconstitutional, Delhi HC asks Centre following PIL

Is Waqf Act unconstitutional, Delhi HC asks Centre following PIL

Rediff.com12 May 2022

The Delhi high court on Thursday sought the stand of the central government and Central Waqf Council on a PIL seeking to declare that the Waqf Act is in violation of the Constitution and that private properties of citizens can only be governed by a Uniform Civil Code.

Govt approves 6 AIIMS-like institutes

Govt approves 6 AIIMS-like institutes

Rediff.com16 Mar 2006

The government on Thursday night decided to set up six AIIMS-like institutions in 'under-served' states of Bihar, Chhattisgarh, Madhya Pradesh, Orissa, Rajasthan and Uttaranchal at a total capital cost of Rs 1,992 crore.

BJP, Congress, JD-S in race as Karnataka votes on May 10, counting on May 13

BJP, Congress, JD-S in race as Karnataka votes on May 10, counting on May 13

Rediff.com29 Mar 2023

The BJP and Congress have already launched spirited campaigns for the elections.

Jaishankar, Blinken discuss Ukraine developments, bilateral ties

Jaishankar, Blinken discuss Ukraine developments, bilateral ties

Rediff.com5 Apr 2022

The phone conversation between Jaishankar and Blinken came days after Russian Foreign Minister Sergey Lavrov paid a two-day visit to India.

Apple's India pie needs local flavour

Apple's India pie needs local flavour

Rediff.com26 May 2016

Tech giant allowed to set up fully owned shops, with 30% local sourcing like everyone else.

What Sitharaman did after becoming the finance minister

What Sitharaman did after becoming the finance minister

Rediff.com3 Jun 2019

This is not her first stint in North Block or in leading a major economic ministry. She started Prime Minister Narendra Modi's first term as minister of state for finance, was made the commerce minister, and then became the defence minister.

Chinese incursions into India strategically planned: Study

Chinese incursions into India strategically planned: Study

Rediff.com11 Nov 2022

In the 15-year dataset, the researchers noted an average of 7.8 incursions per year even though the Indian government's estimates are much higher.

Khalistani terrorist Paramjit Panjwar shot dead in Lahore

Khalistani terrorist Paramjit Panjwar shot dead in Lahore

Rediff.com6 May 2023

Panjwar, 63 was involved in drug and weapons smuggling and was designated as a terrorist under the Unlawful Activities (Prevention) Act in July 2020.

Dept of Public Enterprises now part of FinMin

Dept of Public Enterprises now part of FinMin

Rediff.com7 Jul 2021

The government has merged the Department of Public Enterprises (DPE) with the finance ministry to give it a better control over state-owned firms and facilitate its ambitious privatisation programme. Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry of heavy industries and public enterprises will now be called the ministry of heavy industries. Previously, the disinvestment ministry - created under the Atal Bihari Vajpayee government - was merged with the finance ministry and is now a department under it. Also, Foreign Investment Promotion Board (FIPB) was abolished and administration of foreign investments was given to the finance ministry (FinMin).

'Deliberate attempt to make Opposition weak'

'Deliberate attempt to make Opposition weak'

Rediff.com27 Jan 2023

'All sorts of tactics are used on political adversaries.'