News for 'State for Economic Affairs'

Mamata reappoints nephew Abhishek as TMC gen secy; Sinha in, O'Brien out

Mamata reappoints nephew Abhishek as TMC gen secy; Sinha in, O'Brien out

Rediff.com18 Feb 2022

The party brought back Yashwant Sinha as its national vice-president.

Xi meets Putin, raises concerns over war in Ukraine

Xi meets Putin, raises concerns over war in Ukraine

Rediff.com16 Sep 2022

In what is seen as the first sign of China's exasperation over Russia's Ukraine war, Chinese President Xi Jinping on Thursday raised 'questions and concerns' over the conflict in his meeting in Samarkand with Russian President Vladimir Putin who thanked Beijing for its 'balanced position' on the crisis.

China asks US to respect Nepal's sovereignty as Kathmandu gives nod to MCC

China asks US to respect Nepal's sovereignty as Kathmandu gives nod to MCC

Rediff.com28 Feb 2022

Much to the surprise of Beijing, Nepal's Parliament on Sunday ratified the contentious US-funded $500 million Millennium Challenge Corporation compact along with an interpretive declaration a day ahead of the February 28 deadline set by Washington.

Vodafone's ownership in Indian arm may be probed

Vodafone's ownership in Indian arm may be probed

Rediff.com10 Mar 2014

The letter was written on February 20, two weeks after the Cabinet Committee of Economic Affairs had approved the 100 per cent ownership proposal of Vodafone Plc in Vodafone India, at a proposed investment of Rs 10,141 crore (Rs 101.41 billion).

Centre not seeking Rs 3.6 lakh cr from RBI, says official

Centre not seeking Rs 3.6 lakh cr from RBI, says official

Rediff.com9 Nov 2018

"Lot of misinformed speculation is going around in media. Government's fiscal math is completely on track. There is no proposal to ask RBI to transfer Rs 3.6 or 1 lakh crore, as speculated," Economic Affairs Secretary Subhash Chandra Garg tweeted.

Budget Session: Opposition to corner govt over China, Pegasus

Budget Session: Opposition to corner govt over China, Pegasus

Rediff.com30 Jan 2022

The session will begin with President Ram Nath Kovind's address to the Lok Sabha and Rajya Sabha assembled together in the Central Hall and chambers of both the Houses in view of the COVID-19 situation.

Rs 3.03-lakh cr scheme to improve power discoms gets nod

Rs 3.03-lakh cr scheme to improve power discoms gets nod

Rediff.com30 Jun 2021

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a five-year-long reform-based result-linked power distribution scheme worth Rs 3.03 lakh crore, for strengthening system of utilities to improve efficiency. Briefing after the CCEA meet here, Power and New & Renewable Energy Minister R K Singh said, "We have done a lot for power distribution reforms. It needs to be strengthened. Today, the Cabinet has approved the new scheme worth Rs 3.03 lakh crore, including Rs 97,000 crore central outlay." He said the funds would be given to power distribution companies (discoms) to strengthen their system.

Govt to borrow Rs 7.24 lakh cr in first half of FY22

Govt to borrow Rs 7.24 lakh cr in first half of FY22

Rediff.com31 Mar 2021

The government on Wednesday said it will borrow Rs 7.24 lakh crore in the first half of 2021-22 fiscal to meet resources to perk up the economy hit by the coronavirus pandemic. According to the Budget 2021-22, the government's gross borrowing was estimated at Rs 12.05 lakh crore in the financial year beginning April 1. "In the Budget, we had announced that there would be a gross borrowing of Rs 12.05 lakh crore and net borrowing of Rs 9.37 lakh crore. "In the first half of 2021-22, we would be borrowing Rs 7.24 lakh crore, which is 60.06 per cent of the gross issuances," economic affairs secretary Tarun Bajaj said. He said the government would issue 2-year, 5-year, 10-year, 14-year, 30-year, and 40-year securities.

'Keenly felt' India and China are no threat to each other: Wang Yi

'Keenly felt' India and China are no threat to each other: Wang Yi

Rediff.com29 Mar 2022

Chinese Foreign Minister Wang Yi has said that during his recent visit to India, he "keenly felt" that both sides had agreed to adhere to the leaders' consensus that the two countries are not a threat to each other and handle and manage their differences.

India, Pakistan clash over terror at SCO meet

India, Pakistan clash over terror at SCO meet

Rediff.com17 May 2020

'Terrorism continues to be the overwhelming threat to security and stability in the SCO region and therefore Dr Jaishankar strongly pitched for 'collective action',' observes Dr Rajaram Panda.

'We will see measured Indian economic changes'

'We will see measured Indian economic changes'

Rediff.com27 Mar 2006

'India's emergence as a global voice and global point of focus comes more from her economy,' says Frank G Wisner.

Is India A Better Target For China Than Taiwan?

Is India A Better Target For China Than Taiwan?

Rediff.com6 Sep 2022

The Xi Jinping regime might try to quell internal distress by directing nationalism and militarism against India, warn Ajay Shah and Gautam Bambawale.

Ukraine Invasion: India's Dilemma

Ukraine Invasion: India's Dilemma

Rediff.com2 Mar 2022

Whether it liked it or not, the Ukraine crisis forced India to choose between the aggressor Russia and the US-led free world, a decision it hated to make, Virendra Kapoor points out. In the end, it abstained from the vote in the Security Council.

India to invite Pak PM Imran Khan for SCO meeting

India to invite Pak PM Imran Khan for SCO meeting

Rediff.com16 Jan 2020

For the first time, India will host the annual meeting of the council of heads of government of the SCO. MEA spokesperson Raveesh Kumar said all eight member countries, four observers and dialogue partners of the grouping will be invited for the meeting.

Covid runs rampant in China as govt seems absent

Covid runs rampant in China as govt seems absent

Rediff.com26 Dec 2022

One Chinese source informed ANI that 10 million new infections are probably occurring daily in China.

US Wants To Be Friends With Taliban?

US Wants To Be Friends With Taliban?

Rediff.com4 Feb 2022

Regional States will be worried that the US's nascent engagement with the Taliban behind the fig leaf of humanitarian aid enables the return of US intelligence personnel to Afghanistan, observes Ambassador M K Bhadrakumar.

Amid calls to quit, Gotabaya agrees to curb his powers

Amid calls to quit, Gotabaya agrees to curb his powers

Rediff.com12 May 2022

Sri Lanka's embattled President Gotabaya Rajapaksa, under immense pressure from the public and the Opposition to quit over the island nation's worst economic crisis, said on Thursday that the abolition of the executive presidency, a move that will curb his powers, will be considered by Parliament.

Afghan talks must not undermine legitimacy of state: Khurshid

Afghan talks must not undermine legitimacy of state: Khurshid

Rediff.com2 Jul 2013

India on Tuesday supported Afghanistan's reconciliation process with the Taliban, but warned that it must not undermine the legitimacy of the Afghan government and should be within the internationally accepted "red lines".

Adani slips to No 30, group stocks lose Rs 12 lk cr in 1 month

Adani slips to No 30, group stocks lose Rs 12 lk cr in 1 month

Rediff.com26 Feb 2023

Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by $80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices.

Over 1000 killed, 1500 injured as powerful earthquake hits Afghanistan

Over 1000 killed, 1500 injured as powerful earthquake hits Afghanistan

Rediff.com22 Jun 2022

The US Geological Survey said the quake struck about 44 km (27 miles) from the city of Khost in southeastern Afghanistan and was at a depth of 51 km.

Ukraine invasion: UK media watchdog revokes Russian channel RT's licence

Ukraine invasion: UK media watchdog revokes Russian channel RT's licence

Rediff.com18 Mar 2022

Ofcom ruled that it did not consider RT's licensee, ANO TV Novosti, 'fit and proper' to hold a UK broadcast licence.

China sanctions Pompeo, 27 other Americans

China sanctions Pompeo, 27 other Americans

Rediff.com21 Jan 2021

The sanctioned individuals and their immediate family members are prohibited from entering the mainland, Hong Kong and Macao of China. They and companies and institutions associated with them are also restricted from doing business with China, according to the statement by the Chinese foreign ministry.

Kejriwal Is Eyeing 2027 Gujarat Poll

Kejriwal Is Eyeing 2027 Gujarat Poll

Rediff.com8 Dec 2022

That AAP managed a sizeable vote share in Gujarat is creditable. The BJP can no longer ignore AAP's growing presence in its strongest bastion, explains Ramesh Menon, long-time observer of Gujarat politics.

Rupee will settle down, assures Chidambaram

Rupee will settle down, assures Chidambaram

Rediff.com11 Nov 2013

In early trade on Monday, the rupee fell to 63.33 to a dollar, its weakest since September 18.

On day 2 of review, Jaitley bullish on keeping fiscal deficit down

On day 2 of review, Jaitley bullish on keeping fiscal deficit down

Rediff.com16 Sep 2018

Finance ministry tells PM fiscal deficit target will be met, capex expenditure won't be cut and GDP growth will surpass 7.5%.

Ashok Lavasa named as new ADB vice-president

Ashok Lavasa named as new ADB vice-president

Rediff.com15 Jul 2020

Lavasa, a career bureaucrat, joined as Election Commissioner on January 23, 2018, and being senior most on the poll panel would have become CEC in April next year after the term of incumbent Sunil Arora ends.

Change in authority in Kabul was neither through negotiations, nor inclusive: India

Change in authority in Kabul was neither through negotiations, nor inclusive: India

Rediff.com13 Oct 2021

Addressing the UNSC High Level Open Debate on 'Peacebuilding and sustaining peace: Diversity, state building and the search for peace', Muraleedharan said the expectations of the international community on Afghanistan, including on combating terrorism, are set out clearly in the UN Security Council Resolution 2593, that was adopted under India's Presidency of the 15-nation Council in August.

Meet Urjit Patel, RBI's 24th Governor

Meet Urjit Patel, RBI's 24th Governor

Rediff.com20 Aug 2016

As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank

India's road map for a $5 trn self-reliant economy

India's road map for a $5 trn self-reliant economy

Rediff.com26 Jun 2020

'The first year of the Modi government's second term has laid the roadmap for the future and we will embark on it with gusto,' promises Gopal Krishna Agrawal, the BJP's national spokesperson on economic affairs.

BJP Barking Up The Wrong Tree In Tamil Nadu

BJP Barking Up The Wrong Tree In Tamil Nadu

Rediff.com14 Nov 2022

The BJP continuing to look at the Dravidian polity through the religious prism has not worked in Tamil Nadu whereas it has yielded political and electoral results across much of the rest of the country, observes N Sathiya Moorthy.

China building bridge on Pangong in illegally occupied area: LS told

China building bridge on Pangong in illegally occupied area: LS told

Rediff.com5 Feb 2022

He said that the government of India has never accepted this illegal occupation.

How many firms are giving online app-based loans? Govt has no data

How many firms are giving online app-based loans? Govt has no data

Rediff.com9 Feb 2021

The Reserve Bank of India has issued several warnings that the public should not fall prey to such unscrupulous activities and verify the companies offering loans online and through apps.

No impact on inflation even if GST rate is 18-20%: FinMin

No impact on inflation even if GST rate is 18-20%: FinMin

Rediff.com4 Aug 2016

Even if the GST rate is 18-20 per cent, there would be no average impact on inflation.

'Economic isolationism is not the right way'

'Economic isolationism is not the right way'

Rediff.com3 Sep 2004

'Global trade is vital to the success of our economy and job creation. We need to continue to expand trade and work to open markets for American goods and services,' President Bush tells Aziz Haniffa in the final part of an exclusive interview.

Centre ups infra projects offering to Rs 111-trillion

Centre ups infra projects offering to Rs 111-trillion

Rediff.com30 Apr 2020

The infrastructure spending target for 2020-25 was revised because of additional and amended data provided by central ministries, state governments since the release of the summary NIP Report in December 2019 when it was pegged at Rs 100 trillion.

Govt to bring in legislation to regulate crypto currency

Govt to bring in legislation to regulate crypto currency

Rediff.com17 Feb 2021

Operationalising the ban is being fleshed out: it will entail which cryptocurrencies will be banned and how.

BJP, Congress spar over Azad's remarks on RSS and Islamic State

BJP, Congress spar over Azad's remarks on RSS and Islamic State

Rediff.com14 Mar 2016

While the ruling party and its ministers wanted Azad to withdraw his controversial remarks and apologise, the Congress leader denied drawing any parallel between the two.

How BRICS Is Expanded Is Crucial

How BRICS Is Expanded Is Crucial

Rediff.com25 Jun 2022

With its political colour dominated by less than democratic trends, BRICS currently leaves some of us wondering -- where in this grouping is there an assurance that human freedom will be respected unconditionally? It would be nice to see the new members of BRICS drawn from the ranks of countries wedded to preserving and guarding human freedom, observes Shyam G Menon.

Sachin Pilot on how India can curb ponzi schemes

Sachin Pilot on how India can curb ponzi schemes

Rediff.com2 Jul 2013

According to him, there are enough laws but their implementation is important.

Pakistan always first in our neighbourhood policy, says China

Pakistan always first in our neighbourhood policy, says China

Rediff.com14 Apr 2022

China on Thursday told Pakistan's new Prime Minister Shehbaz Sharif that it will always put its "all-weather ally" as a priority in its neighbourhood diplomacy as it praised his commitment to promote the USD 60 billion CPEC initiative.