News for 'State for Economic Affairs'

'A good chunk of 70 million small businesses will be shuttered'

'A good chunk of 70 million small businesses will be shuttered'

Rediff.com28 May 2020

'Several businesses like entertainment, hospitality, travel etc would never be the same again.'

To market or not to market the Kumbh

To market or not to market the Kumbh

Rediff.com10 Feb 2004

In the wake of mounting pressure from Sangh outfits, the MP government may take a fresh decision on the fate of the marketing contract with a Lintas subsidiary for Simhastha Kumbh Mela in Ujjain.

'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.'

For Pak, Modi isn't a partner for talks, but did see it in Manmohan, Vajpayee

For Pak, Modi isn't a partner for talks, but did see it in Manmohan, Vajpayee

Rediff.com20 Jan 2023

Her comments come days after Pakistan's Prime Minister Shehbaz Sharif sought "serious" and "sincere" talks with his Indian counterpart for the resolution of the "burning" issues, including Kashmir.

Modi kickstarts week one of Unlock 1 with 28 meetings

Modi kickstarts week one of Unlock 1 with 28 meetings

Rediff.com1 Jun 2020

On Tuesday, Modi will share his views with India Inc on 'Getting growth back'.

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.

ONGC plan to buy Nigerian oil firm pie shot down

ONGC plan to buy Nigerian oil firm pie shot down

Rediff.com16 Dec 2005

Oil and Natural Gas Corp, the Cabinet Committee on Economic Affairs has shot down its proposal to acquire a 45 per cent stake in a Nigerian oil and gas field for close to $2-billion saying the deal was 'too risky.'

Jaishankar meets German counterpart; discusses Indo-Pacific, Ukraine issues

Jaishankar meets German counterpart; discusses Indo-Pacific, Ukraine issues

Rediff.com19 Feb 2022

Jaishankar also met his Iranian counterpart H Amirabdollahian and held productive discussions on bilateral economic cooperation, Afghanistan and the joint comprehensive plan of action, also known as the Iran nuclear deal.

Russian foreign minister Lavrov to arrive in India tomorrow

Russian foreign minister Lavrov to arrive in India tomorrow

Rediff.com30 Mar 2022

Russian Foreign Minister Sergey Lavrov will be on a two-day official visit to India from Thursday, his first trip to the country since Moscow launched its invasion of Ukraine last month.

Rajapaksa won't resign under 'any circumstances'

Rajapaksa won't resign under 'any circumstances'

Rediff.com6 Apr 2022

The Government also defended the President's decision to enforce a state of emergency, that had given him sweeping authority to act in the interests of public security and preserving public order, including suspending any laws, authorising detentions and seizing property, saying it was declared after attempts were made to attack the President's Office and other public property.

US, Aus, Japan urge China to end military exercises now for peace in region

US, Aus, Japan urge China to end military exercises now for peace in region

Rediff.com7 Aug 2022

A joint statement was issued by US Secretary of State Tony Blinken, Australian Foreign Minister Penny Wong, and Japanese Foreign Minister Hayashi Yoshimasa after their in-person meeting in Phnom Penh on the margins of the 55th ASEAN Foreign Ministers' Meeting.

In its zeal to sell A-I, govt goes slow on others

In its zeal to sell A-I, govt goes slow on others

Rediff.com13 Oct 2021

The Centre's push to sell Air India on priority has led to delays in other strategic divestment proposals, such as privatising United India Insurance, as well as ongoing transactions, such as Shipping Corporation of India (SCI) and Bharat Petroleum Corporation (BPCL), revealed multiple officials involved in the process. The Department of Investment and Public Asset Management (DIPAM) is yet to take new privatisation recommendations of the NITI Aayog to the core group of secretaries on disinvestment (CGD) headed by the Cabinet secretary, said one of the officials. The priority now is to ensure all approvals for Air India are in place since the government intends to hand over the national carrier as early as this month.

GN Azad is 'Mir Jafar', 'vote-cutter' propped by BJP: Jairam Ramesh

GN Azad is 'Mir Jafar', 'vote-cutter' propped by BJP: Jairam Ramesh

Rediff.com28 Jan 2023

Jairam Ramesh said the Congress has to be the "fulcrum" of any Opposition alliance to take on the BJP in the 2024 general elections as it is the only political force with a pan-India presence.

India pitches for ratings upgrade with Fitch

India pitches for ratings upgrade with Fitch

Rediff.com7 Jun 2016

Fitch Ratings had in December affirmed India's 'BBB-' rating with a stable outlook.

Lanka allows docking of Chinese ship at port amid India's concern

Lanka allows docking of Chinese ship at port amid India's concern

Rediff.com13 Aug 2022

The ship will now arrive on August 16 and remain at the Hambantota port till August 22, they said.

Amid Ladakh standoff China passes new land border law

Amid Ladakh standoff China passes new land border law

Rediff.com24 Oct 2021

Asserting that sovereignty and territorial integrity of China are "sacred and inviolable", the country's national legislature has adopted a new law on the protection and exploitation of the land border areas, which could have bearing on Beijing's border dispute with India.

More teeth for OVL likely

More teeth for OVL likely

Rediff.com7 Feb 2005

The government is likely to empower ONGC Videsh, the foreign arm of state-run Oil and Natural Gas Corporation, to make investments of up to Rs 300 crore (Rs 3 billion) in oil and gas properties abroad without going to the Cabinet for approval.

GST will help lower inflation, propel GDP: Jaitley

GST will help lower inflation, propel GDP: Jaitley

Rediff.com1 Jul 2017

The old India was economically fragmented. New India will create one tax, one market, one nation, said Jaitley.

New lease of life for ITI

New lease of life for ITI

Rediff.com16 Dec 2004

Rishi Sunak makes it clear: 'Golden era' with China is over

Rishi Sunak makes it clear: 'Golden era' with China is over

Rediff.com29 Nov 2022

Prime Minister Rishi Sunak has made a clear break with the past on UK-China relations as he declared that the "so-called golden era" of bilateral ties is over in the face of the "systemic challenge" posed by the Chinese regime to British values and interests.

'Growth has to take place through private investments'

'Growth has to take place through private investments'

Rediff.com13 Mar 2017

'We need to further catalyse economic growth and the government needs to increase revenue,' says G K Agarwal, BJP's national spokesperson on economic affairs.

Taiwan getting ready for war with China: Report

Taiwan getting ready for war with China: Report

Rediff.com17 Nov 2022

Taiwan had shifted its purchases of large military platforms and systems, like fighter jets and naval vessels, to smaller lethal anti-ship and surface-to-air-missiles, reported The Singapore Post citing local media.

What does the future hold for NaBFID?

What does the future hold for NaBFID?

Rediff.com21 Dec 2021

This month, advertisements for managing directors and the senior management team for the National Bank for Financing Infrastructure and Development or NaBFID, should be out, signalling the start of a financial institution (FI) like no other the country has ever had. For this and other reasons government managers associated with the NaBFID project are convinced it should remain a 100 per cent government-owned entity. This is somewhat different from what former economic affairs secretary Tarun Bajaj said when the NaBFID Bill was being tabled in Parliament earlier this year: "To begin with, it will be 100 per cent government owned.

Alliance Air gets Rs 175 cr for N-E flights

Alliance Air gets Rs 175 cr for N-E flights

Rediff.com21 Jun 2003

In a bid to promote industry and tourism in North Eastern states, the government will provide Rs 175 crore (Rs 1.75 billion) to Indian Airlines arm Alliance.

BPCL to commission Bina refinery in two years

BPCL to commission Bina refinery in two years

Rediff.com10 May 2003

State-owned Bharat Petroleum Corporation Ltd will commission the Rs 6,354 crore (Rs 63.54 billion) Bina refinery in Madhya Pradesh in two years' time.\n\n\n\n

'Khalistanis are a microscopic minority in Punjab'

'Khalistanis are a microscopic minority in Punjab'

Rediff.com4 Apr 2023

'The Khalistanis get bulk of the money from abroad.' 'Where did Amritpal's Mercedes come from, which costs well over Rs 60 lakhs?' 'Where does his fleet of vehicles come from?' 'Local Punjabis can certainly not contribute this kind of money.'

Govt set to breach fiscal deficit target

Govt set to breach fiscal deficit target

Rediff.com8 Jan 2020

If the fiscal deficit for the year can be maintained at Rs 7.04 trillion, the deficit as a percentage of GDP will slip to 3.44 per cent

Pervez Musharraf: Architect of Kargil War, brought India, Pak to brink of clash

Pervez Musharraf: Architect of Kargil War, brought India, Pak to brink of clash

Rediff.com5 Feb 2023

After his failed misadventure in Kargil, Musharraf deposed the then Prime Minister Sharif in a bloodless coup in 1999 and ruled Pakistan from 1999 to 2008 in various positions.

Lanka political crisis: Former Gotabaya ally pushes for snap polls

Lanka political crisis: Former Gotabaya ally pushes for snap polls

Rediff.com6 Apr 2022

Democratic Left Front politician Nanayakkara was among the 42 members who declared independence in Parliament from the ruling Sri Lanka Podujana Peramuna (SLPP) coalition.

Sitharaman readies relief package for MSMEs, NBFCs

Sitharaman readies relief package for MSMEs, NBFCs

Rediff.com15 Oct 2019

PSBs have been requested to reach out to MSMEs to provide bill discounting to them against their dues since they suffer the most from shortage of cash.

My family can't influence FIPB: Chidambaram

My family can't influence FIPB: Chidambaram

Rediff.com29 May 2017

Chidambaram said it was a 'despicable slur' on the six secretaries of the government.

What Modi Sarkar should ideally do to strengthen economic framework

What Modi Sarkar should ideally do to strengthen economic framework

Rediff.com29 Mar 2015

Clearly, LoCs are becoming a key arrow in India's economic diplomacy quiver.

Jaishankar to address UNGA on Sep 24, counter-terrorism among key focus areas

Jaishankar to address UNGA on Sep 24, counter-terrorism among key focus areas

Rediff.com18 Sep 2022

External Affairs Minister S Jaishankar will arrive in New York on Sunday to participate in the high-level 77th session of the UN General Assembly, which kicks off on September 20 with the opening of the general debate.

India's Foreign Trade Policy 2023 eyes $2 trillion exports by 2030

India's Foreign Trade Policy 2023 eyes $2 trillion exports by 2030

Rediff.com31 Mar 2023

The government on Friday came out with Foreign Trade Policy (FTP) 2023 which seeks to boost the country's exports to $2 trillion by 2030 by shifting from incentives to remission and entitlement based regime. Unlike the practice of announcing 5-year FTP, the latest policy has no end date and will be updated as and when needed, said Director General of Foreign Trade (DGFT) Santosh Sarangi while briefing media about FTP 2023. Earlier, Commerce and Industry Minister Piyush Goyal unveiled FTP 2023 which will come into effect from April 1, 2023.

India strives for relationship with China, but...: Jaishankar

India strives for relationship with China, but...: Jaishankar

Rediff.com29 Sep 2022

China claims nearly all of the disputed South China Sea, though Taiwan, the Philippines, Brunei, Malaysia and Vietnam all claim parts of it. Beijing has built artificial islands and military installations in the South China Sea. Beijing is also involved in a maritime dispute with Japan over the East China Sea.

Many challenges await new FinMin secretary

Many challenges await new FinMin secretary

Rediff.com2 May 2020

The finance minister is ready to present a second financial package. The Centre has ruled out a mega stimulus and will rely on targeted, incremental packages. Industry is clamouring for a bailout, the liquidity upheaval in capital markets is nowhere close to being sorted out, and all budgetary forecasts now stand irrelevant, reports Arup Roychoudhury.

Indo-US ties: Force for good: Modi; Among closest on Earth: Biden

Indo-US ties: Force for good: Modi; Among closest on Earth: Biden

Rediff.com24 May 2022

Biden praised India's Covid vaccination efforts.

Why Jaitley is upbeat about Sino-Indian ties

Why Jaitley is upbeat about Sino-Indian ties

Rediff.com19 Apr 2016

'Economy is leading the way as far as the relationship between the two countries is concerned'.

Sino-India border row, 'misuse' of agencies to dominate winter session

Sino-India border row, 'misuse' of agencies to dominate winter session

Rediff.com6 Dec 2022

The results of the assembly elections in Gujarat and Himachal Pradesh are also likely to play out during the start of the session.

Cricket Australia says to continue with tour of Sri Lanka

Cricket Australia says to continue with tour of Sri Lanka

Rediff.com12 May 2022

Cricket Australia continues to monitor the situation in Sri Lanka but has no plans to change the schedule of the upcoming tour of the island state despite continued violence, the governing body said on Thursday.