News for 'economic relief'

First woman CJ of J-K heads Manipur rehab panel

First woman CJ of J-K heads Manipur rehab panel

Rediff.com8 Aug 2023

Appointed as the first female head of the state judiciary on August 3, 2018, she retired on December 8, 2020.

Govt gives Rs 42,000 crore relief to telcos

Govt gives Rs 42,000 crore relief to telcos

Rediff.com21 Nov 2019

The Cabinet approved giving Bharti Airtel, Vodafone Idea Ltd and Reliance Jio an option to avail of a two-year moratorium on payments they were supposed to make in yearly installments for the spectrum bought in auctions.

Why 810 Million Indians Need Free Rations

Why 810 Million Indians Need Free Rations

Rediff.com20 Nov 2023

Is it a case of poor targeting of a welfare scheme, or is it a reflection of the government's desire to expand the scope of this benefit to secure greater electoral dividends? asks A K Bhattacharya.

United Naga Council lifts economic blockade in Manipur

United Naga Council lifts economic blockade in Manipur

Rediff.com29 Nov 2011

After 120 days of economic blockade on the arterial national highways 39 and 53, Manipur on Tuesday heaved a sigh of relief. The agitating United Naga Council lifted the economic blockade from 6 am on Tuesday morning.

Morocco earthquake death toll surpasses 2000

Morocco earthquake death toll surpasses 2000

Rediff.com10 Sep 2023

The earthquake took place at 03:41:01 (UTC+05:30) at a depth of 18.5 km. The magnitude of the earthquake caused pulses to travel from Sidi Ifni in the south to Rabat in the north and beyond.

Market litmus may turn red for chemicals sector

Market litmus may turn red for chemicals sector

Rediff.com22 Jan 2024

The chemicals sector's recovery could be delayed until FY25 if the current trends of weak demand and flat pricing continue. Following a subdued September quarter, the revenue and profit performance of listed chemicals companies are anticipated to fall short of initial expectations of an improvement. Despite some price stability, the demand trajectory remains uncertain.

Modi thanks Qatari Emir for release of Navy veterans

Modi thanks Qatari Emir for release of Navy veterans

Rediff.com16 Feb 2024

Prime Minister Narendra Modi on Thursday thanked Qatari Emir Sheikh Tamim bin Hamad Al-Thani for the release of eight Indian nationals, who were sentenced to death after being arrested in Doha in August 2022.

HC relief for Chidambaram, son in INX Media corruption case

HC relief for Chidambaram, son in INX Media corruption case

Rediff.com18 May 2021

The Delhi high court on Tuesday stayed the proceedings before the trial court in the CBI's INX Media corruption case involving Congress leader P Chidambaram and his son Karti.

Lanka Opposition rejects President's invitation to join unity govt

Lanka Opposition rejects President's invitation to join unity govt

Rediff.com4 Apr 2022

President Gotabaya Rajapaksa on Monday fired Basil Rajapaksa from his post and invited the Opposition parties to join a unity Cabinet to tackle the raging public anger against the hardships caused by the economic crisis.

Yay or nay? Rate Sitharaman's 5th Budget!

Yay or nay? Rate Sitharaman's 5th Budget!

Rediff.com1 Feb 2023

So how do you rate the Modi government's 11th budget?

How oil holds the key to India's economic health

How oil holds the key to India's economic health

Rediff.com29 Jun 2020

Every time the Indian economy has faced headwinds due to international developments, the oil sector has played a crucial role, explains A K Bhattacharya.

SC asks Centre, Manipur to airdrop supplies to overcome blockades

SC asks Centre, Manipur to airdrop supplies to overcome blockades

Rediff.com1 Sep 2023

As Manipur grapples with protracted ethnic strife, the Supreme Court on Friday asked the Centre and the state government to ensure uninterrupted supply of basic commodities like food and medicines to people facing economic blockade in certain areas of the border state.

Sri Lanka: 'Political stability must be restored'

Sri Lanka: 'Political stability must be restored'

Rediff.com7 May 2022

'For the common man, the economic conditions are not going to get better.'

No bail to Sisodia, court says 'evidence speaks volumes about his involvement'

No bail to Sisodia, court says 'evidence speaks volumes about his involvement'

Rediff.com28 Apr 2023

The judge had reserved the order after hearing arguments on Sisodia's plea seeking relief claiming that his custody was no longer required for investigation.

Budget: Worst-hit sectors may get credit guarantee breather

Budget: Worst-hit sectors may get credit guarantee breather

Rediff.com14 Jan 2022

According to highly placed sources, the finance ministry is likely to extend ECLGS and other loan guarantee schemes for micro, small and medium enterprises (MSMEs), hospitality and tourism sector, and the health infrastructure beyond March 31, Business Standard has learnt. This is likely to be announced by Finance Minister Nirmala Sitharaman as part of her Budget speech on February 1.

Darjeeling tea hits 8-yr low in auctions

Darjeeling tea hits 8-yr low in auctions

Rediff.com5 Jan 2024

Geopolitical headwinds leading to lower demand from export markets, coupled with lower domestic buying, have dragged the auction average of Darjeeling tea to its lowest level since 2015. Data from Calcutta Tea Traders Association (CTTA) shows that the average price of Darjeeling tea at Kolkata auctions for January-December 2023 was Rs 319.74 per kg. The last time it dipped below this level was in 2015 at Rs 285.71 per kg.

SC verdict on Adani 'extraordinarily generous': Cong

SC verdict on Adani 'extraordinarily generous': Cong

Rediff.com3 Jan 2024

The Congress on Wednesday said the Supreme Court judgment on certain matters relating to transactions by the Adani Group has proven to be 'extraordinarily generous' to Securities and Exchange Board of India (SEBI) and asserted that the party's fight against crony capitalism and its ill-effects on prices, employment and inequalities will continue.

Chidambaram calls 7.61% inflation 'big relief'

Chidambaram calls 7.61% inflation 'big relief'

Rediff.com9 May 2008

Dismissing as 'statistically insignificant' the 0.04 per cent hike in inflation, Finance Minister P Chidambaram on Friday said the prices of essential commodities had begun to come down and this would be reflected in the inflation index after some time. Talking to reporters after the weekly briefing on the decisions of the Cabinet and its Committee on Economic Affairs (CCEA), Chidambaram said the inflation figure released on Friday has come as a 'big relief'.

Economists sceptical about Sitharaman's Covid stimulus

Economists sceptical about Sitharaman's Covid stimulus

Rediff.com29 Jun 2021

Direct economic stimulus measures such as tax cuts for individuals and industry would have helped to prop up the Indian economy which was hit hard by the lockdowns across several states in India, say economists and corporate leaders. While the measures announced on Monday are focussed more on the supply side, these steps would take a lot of time to move the needle for the economy.

How India Saved More Than 100,000 Lives

How India Saved More Than 100,000 Lives

Rediff.com15 Mar 2023

The vaccination drive was only one important part of India's globally recognised pandemic management and response strategy, observes Dr Vinod K Paul.

Sale of pulses, cereals deregulated to benefit farmers

Sale of pulses, cereals deregulated to benefit farmers

Rediff.com15 May 2020

The government will amend the six-and-a-half-decade old Essential Commodities Act to deregulate food items, including cereals, edible oil, oilseeds, pulses, onion and potato, Finance Minister Nirmala Sitharaman said on Friday. The amendment, besides deregulating production and sale of food products, will provide for no stock limit to be imposed on any produce.

AGR woes: No decision on relief to telcos at crucial meet

AGR woes: No decision on relief to telcos at crucial meet

Rediff.com28 Feb 2020

Telecom companies have been desperately waiting for a bailout package from the government after a Supreme Court order put their statutory liabilities at Rs 1.47 lakh crore.

Sebi ban on Samir Jain, wife, 6 others stayed by SAT

Sebi ban on Samir Jain, wife, 6 others stayed by SAT

Rediff.com30 Apr 2023

The Securities Appellate Tribunal (SAT) has stayed the ban imposed by the Securities and Exchange Board of India (Sebi) on Samir Jain, vice-chairman and managing director of Bennett, Coleman & Co (BCCL), his wife Meera Jain, and six others. BCCL owns news media organisations The Times of India, and The Economic Times. Last month, the regulator had refrained Jain from accessing the securities market for allegedly violating minimum public shareholding (MPS) norms in PNB Finance and Industries (PNBFIL) and Camac Commercial Company (CCIL), which are listed on the Calcutta Stock Exchange.

Row after Maharashtra CM funds dancers' Bangkok visit from relief fund

Row after Maharashtra CM funds dancers' Bangkok visit from relief fund

Rediff.com24 Oct 2015

The sanction of Rs 8 lakh from Maharashtra Chief Minister's Relief Fund for a dance troupe's visit to Thailand has sparked a row with the opposition questioning the BJP-led government's "priorities" at a time when the state is reeling under severe drought.

Meet the 98-yr-old who just passed his Masters in Economics

Meet the 98-yr-old who just passed his Masters in Economics

Rediff.com26 Sep 2017

Two years short of scoring a century, Raj Kumar Vaishya has majored in economics to know why China suddenly devalued its currency, how to provide relief to people from rising prices and why the country has failed to solve problems like poverty and joblessness.

73 killed in massive building fire in S. Africa's Johannesburg

73 killed in massive building fire in S. Africa's Johannesburg

Rediff.com31 Aug 2023

Authorities said it was unclear what sparked the blaze at the five-storey building in the city centre.

Soldier shot at in Manipur, CM Biren Singh talks tough

Soldier shot at in Manipur, CM Biren Singh talks tough

Rediff.com19 Jun 2023

An Indian Army soldier was injured after armed miscreants resorted to unprovoked firing from Kanto Sabal towards Chingmang village on the intervening night of June 18-19.

'We Are In A Calamity'

'We Are In A Calamity'

Rediff.com12 Sep 2023

'Now they're talking about changing the Constitution; they feel they have no reason now to hide their intentions.'

Electoral Bonds: 'No Setback For BJP'

Electoral Bonds: 'No Setback For BJP'

Rediff.com15 Feb 2024

'It's not really going to bring about purity in the election process.'

Lankan Oppn to move no-trust motion against Gotabaya govt

Lankan Oppn to move no-trust motion against Gotabaya govt

Rediff.com8 Apr 2022

The SJB has begun to collect signatures from MPs for the no-confidence motion, according to media reports.

Sri Lankan court orders release of 56 Tamil fishermen

Sri Lankan court orders release of 56 Tamil fishermen

Rediff.com25 Jan 2022

A Sri Lankan court on Tuesday ordered the release of 56 Indian fishermen who were detained for allegedly fishing in the island nation's territorial waters.

Algo traders find relief as volumes stabilise

Algo traders find relief as volumes stabilise

Rediff.com28 May 2020

The volume of shares traded in the stock market had fallen 28 per cent in April. Turnover, or the value of securities changing hands, fell 12.6 per cent. This trend of falling volumes seems to have stabilised in May.

Auto sector gets relief but no word on cutting GST

Auto sector gets relief but no word on cutting GST

Rediff.com23 Aug 2019

The government on Friday announced several relief measures including deferring one-time registration fee, lifting the ban on purchase of petrol/diesel vehicles by its departments and allowing higher depreciation, but it remained non-committal on the demand for a reduction in GST rates.

TDS limit for cooperative sector hiked to Rs 3cr, concessional tax for societies

TDS limit for cooperative sector hiked to Rs 3cr, concessional tax for societies

Rediff.com1 Feb 2023

For the cooperation ministry, the government made a total budget outlay of Rs 1,150.38 crore for 2023-24, lower than the revised estimate of Rs 1,624.74 crore for 2022-23.

SC asks states, UTs to clear salary, dues of lower court judges

SC asks states, UTs to clear salary, dues of lower court judges

Rediff.com19 May 2023

The SNJPC recommendations cover pay structure, pension and family pension and allowances besides dealing with the issue of establishing a permanent mechanism to determine subjects of service conditions of district judiciary.

World Cup: New Zealand remain unbeaten with win over Bangladesh

World Cup: New Zealand remain unbeaten with win over Bangladesh

Rediff.com13 Oct 2023

Bangladesh scored 245 for nine against New Zealand in their ICC Men's ODI World Cup match in Chennai on Friday.

Month-long internet ban in Manipur: SC refuses urgent hearing

Month-long internet ban in Manipur: SC refuses urgent hearing

Rediff.com9 Jun 2023

A vacation bench of justices Aniruddha Bose and Rajesh Bindal said the high court is already seized of a similar issue.

'Some of the middle class cling to Hindutva'

'Some of the middle class cling to Hindutva'

Rediff.com18 May 2023

'Religion has divided our country like it never had done.' 'I can't remember a time of such focused hatred.'

India, China likely to drive half of 2023 global growth, says IMF

India, China likely to drive half of 2023 global growth, says IMF

Rediff.com31 Jan 2023

The International Monetary Fund (IMF) has said India and China will account for half of the global economic growth in 2023, as the multilateral agency retained its growth forecast for Asia's third-largest economy for 2023-24 (FY24). "India remains a bright spot. Together with China, it will account for half of global growth this year, versus just a tenth for the US and euro area combined," the IMF said in its latest update to the biannual World Economic Outlook. Growth in India is set to decline from 6.8 per cent in 2022 (FY23) to 6.1 per cent in 2023 (FY24) before picking up to 6.8 per cent in 2024 (FY25), the global lender said while citing "resilient domestic demand despite external headwinds".

If China wants to play spoiler at G20 meet, it's up to them: US

If China wants to play spoiler at G20 meet, it's up to them: US

Rediff.com6 Sep 2023

It is for China to decide what role it plays at the G20 summit in New Delhi, a top US official has said, asserting that if Beijing wants to come in and be a "spoiler", that option is available to it.