News for 'State for Economic Affairs'

Army will not allow China to change LAC status quo, says Jaishankar

Army will not allow China to change LAC status quo, says Jaishankar

Rediff.com19 Dec 2022

The Indian Army will not let China change the status quo along the Line of Actual Control (LAC) "unilaterally" and its current deployment along the frontier was not seen before, External Affairs Minister S Jaishankar said on Monday, rejecting Congress leader Rahul Gandhi's criticism of the government's handling of the border row.

'Dhoni gets the best out of the players'

'Dhoni gets the best out of the players'

Rediff.com7 Mar 2023

'It is Dhoni, Fleming and the support staff who decide on cricket.' 'The fans expect CSK to do well, and with Dhoni at the helm, CSK is capable of it.'

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.

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.

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'

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

CCEA nod for OVL's Egyptian acquisition

CCEA nod for OVL's Egyptian acquisition

Rediff.com15 Jun 2007

The government on Friday gave its nod to ONGC Videsh Ltd, the overseas arm of state-run Oil and Natural Gas Corp, to acquire Royal Dutch/Shell's 33 per cent stake in a deepsea gas field off Egypt.

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.

Pulses import plans in full swing

Pulses import plans in full swing

Rediff.com12 May 2007

Central government's plan to import pulses to rein in inflation is continuing with renewed vigour as state-run agencies have contracted imports of 437,000 tonnes of pulses till this week.

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

FinMin's new A-team to unveil a big bang Budget?

FinMin's new A-team to unveil a big bang Budget?

Rediff.com20 Oct 2014

The shift was sudden, quite unlike Shukla's departure from North Block, which had been anticipated for some months even before Singh''s first Budget.

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.

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.

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'.

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.

'Mayaram would be of great help to Tourism ministry'

'Mayaram would be of great help to Tourism ministry'

Rediff.com17 Oct 2014

Union Tourism Minister Shripad Naik on Friday said that having Arvind Mayaram as the new secretary in the ministry would be of great help.

Indo-Pak history turns full circle

Indo-Pak history turns full circle

Rediff.com19 Jan 2005

Umer Ayub Khan signs a petition to the World Bank raising a dispute over the Baglihar hydropower project under the Indus Waters Treaty. His grandfather and Nehru had signed the treaty.

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.

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.

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).

OVL to buy stake in ExxonMobil's oil field

OVL to buy stake in ExxonMobil's oil field

Rediff.com16 Dec 2005

The Cabinet Committee on Economic Affairs has approved ONGC Videsh Ltd's proposal to invest $820 million for acquiring US energy giant ExxonMobil's interests in an oil field located off the Brazilian coast.

FIs may have to bail out selloffs

FIs may have to bail out selloffs

Rediff.com8 Sep 2005

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.

Govt, World Bank sign $250 million credit pact

Govt, World Bank sign $250 million credit pact

Rediff.com4 Feb 2003

The government and World Bank on Tuesday signed an agreement for a credit of 180 million SDR ($250 million equivalent) from International Development Agency for the Technical Engineering Education Quality Improvement Project.

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.

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.

Gokarn, Patel, Mohan: Who will be the next RBI chief?

Gokarn, Patel, Mohan: Who will be the next RBI chief?

Rediff.com5 Jul 2016

A committee headed by Patel recommended retail inflation targeting and a monetary policy committee.

Gotabaya retains Mahinda, drops 3 Rajapaksas in new cabinet

Gotabaya retains Mahinda, drops 3 Rajapaksas in new cabinet

Rediff.com19 Apr 2022

Prime Minister Mahinda Rajapaksa became the only member of the family to retain a cabinet position in his younger brother Gotabaya Rajapaksa's new cabinet of 17 ministers appointed on Monday, as the island nation was facing the worst economic crisis.