News for 'economic-affairs'

Adarsh Kumar named new finance secy

Adarsh Kumar named new finance secy

Rediff.com10 Jan 2006

Mukesh Ambani meets FM

Mukesh Ambani meets FM

Rediff.com14 Jul 2005

Reliance Industries chief Mukesh Ambani on Thursday met Finance Minister P Chidambaram and other senior officials in the ministry.

'India poised for a big leap; growth to touch 8%'

'India poised for a big leap; growth to touch 8%'

Rediff.com28 Jun 2016

The Finance Ministry's Economic Survey had projected a growth rate of 7-7.75 per cent.

Govt enhances financial powers of ministers, departments

Govt enhances financial powers of ministers, departments

Rediff.com28 Jun 2016

Projects worth Rs 500 crore and above and up to Rs 1,000 crore can be cleared by the Finance Minister.

Modi praises Rajan, disapproves Swamy's remarks

Modi praises Rajan, disapproves Swamy's remarks

Rediff.com27 Jun 2016

Calling Rajan "no less patriotic", he virtually ticked off Swamy saying "if anybody considers himself above the system then it is wrong".

FinMin moots bank M&As

FinMin moots bank M&As

Rediff.com28 Nov 2005

The government on Monday said there was "tremendous" need for consolidation to enable banks gain financial muscle and absorb risks in the years to come.\n

Remonetisation after note ban 'near complete', says Das

Remonetisation after note ban 'near complete', says Das

Rediff.com3 Feb 2017

"All restrictions have been removed except on savings bank account of Rs 24,000 per week. This (removal of withdrawal limit) is also a matter of time," Economic Affairs Secretary Shaktikanta Das said.

Switzerland woos Indian investors

Switzerland woos Indian investors

Rediff.com25 Nov 2005

In order to enhance the existing bilateral economic ties, Switzerland is now keen on attracting Indian investment into the country.

'At least 100 tonnes of gold can be mined a year in India'

'At least 100 tonnes of gold can be mined a year in India'

Rediff.com8 Feb 2018

While the gold policy covers every aspect, from sourcing gold to trading and investing in it, experts assert that the policy is incomplete if mining of gold in India isn't promoted.

Rajapaksa assumes charge as new Lankan PM amid 'bloodbath' warnings by speaker

Rajapaksa assumes charge as new Lankan PM amid 'bloodbath' warnings by speaker

Rediff.com29 Oct 2018

President Maithripala Sirisena's new Cabinet was also sworn in and Rajapaksa was named the new minister of finance and economic affairs.

Tsunami warning centre in Hyderabad by 2007

Tsunami warning centre in Hyderabad by 2007

Rediff.com6 Oct 2005

Estimated to cost Rs 125 crore, the centre, will be set up in Hyderabad.

Modi to visit J&K on Saturday, will launch several projects

Modi to visit J&K on Saturday, will launch several projects

Rediff.com18 May 2018

PM to launch works on Zojila tunnel, other infrastructure projects.

Transchart monopoly broken

Transchart monopoly broken

Rediff.com9 Apr 2005

Dabhol package may get nod

Dabhol package may get nod

Rediff.com8 Apr 2005

5 FDI proposals worth Rs 6,050 crore get cleared

5 FDI proposals worth Rs 6,050 crore get cleared

Rediff.com14 Jan 2016

The FIPB rejected two proposals -- Nigeria's Mokeme Chiwetal Izuchukwu and Lanarth Developers Pvt Ltd.

Bureaucratic reshuffle at Centre

Bureaucratic reshuffle at Centre

Rediff.com31 Mar 2005

In a bureaucratic reshuffle, economic affairs secretary Rakesh Mohan will look after the key budget division following the appointment of expenditure secretary D Swarup

Fiscal deficit bang on target, India a bright spot: FinMin

Fiscal deficit bang on target, India a bright spot: FinMin

Rediff.com31 May 2016

The government aims to further bring down the fiscal deficit -- the gap between expenditure and revenue -- to 3.5 per cent.

'India to sustain high growth'

'India to sustain high growth'

Rediff.com16 Mar 2005

Indian economy has the resilience to sustain high growth despite shocks like spiralling oil prices, economic affairs secretary Rakesh Mohan said on Wednesday.

Govt to shut 3 HMT units, offers VRS to employees

Govt to shut 3 HMT units, offers VRS to employees

Rediff.com6 Jan 2016

The Department of Heavy Industry has been undertaking appraisals of each loss making CPSE to assess the prospects of revival.

Govt allows 100% FDI in construction

Govt allows 100% FDI in construction

Rediff.com24 Feb 2005

FDI in real estate will now be through the automatic route and not through the Foreign Investment Promotion Board.

Bitter pill for India's sugar market

Bitter pill for India's sugar market

Rediff.com2 Aug 2018

UP's mills, dominated by the private sector's 94 units, have already expressed their inability to participate in the next crushing season

ONGC bags 8 oil blocks, Reliance 5

ONGC bags 8 oil blocks, Reliance 5

Rediff.com25 Jul 2005

Oil and Natural Gas Corp, India's largest oil producer, bagged eight out of the 18 oil and gas block awarded today while country's largest private sector firm Reliance Industries managed five.

CCEA nods auto testing project

CCEA nods auto testing project

Rediff.com25 Jul 2005

The government on Monday cleared a Rs 1,718 crore (Rs 17.18 billion) project to set five centres for automotive testing and homologation throughout the country over the next six years.

Home, auto loans to become cheaper as SBI, PNB, UBI slash lending rates

Home, auto loans to become cheaper as SBI, PNB, UBI slash lending rates

Rediff.com1 Jan 2017

The country's largest lender, SBI, has reduced marginal cost of funds based lending rate by 0.9 per cent from 8.90 per cent to 8 per cent for one-year tenure, the bank said in a statement.

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.

UP to get modern drug R&D unit

UP to get modern drug R&D unit

Rediff.com16 Jun 2005

The government on Thursday approved setting up of a world-class drug research institute in Lucknow at a cost of Rs 190 crore (Rs 1.9 billion).

Govt reconstitutes CCEA

Govt reconstitutes CCEA

Rediff.com8 Jun 2004

The Union government has reconstituted the Cabinet Committee on Economic Affairs with Prime Minister Manmohan Singh as its chairman.

Chidambaram granted protection from arrest till Aug 7

Chidambaram granted protection from arrest till Aug 7

Rediff.com23 Jul 2018

Chidambaram and his son Karti Chidambaram were named in the chargesheet filed by the CBI in the case on July 19.

Cabinet to take up gas prices

Cabinet to take up gas prices

Rediff.com23 Nov 2004

Cabinet clears Sethusamudram canal project

Cabinet clears Sethusamudram canal project

Rediff.com20 May 2005

Announcing the Cabinet Committee on Economic Affairs decision, Finance Minister P Chidambaram said a Special Purpose Vehicle would be set up for the project.

Govt clears Sethusamudram project

Govt clears Sethusamudram project

Rediff.com19 May 2005

The government on Thursday cleared the long-delayed Sethusumudram Ship Canal Project off Rameshwaram in Tamil Nadu that would vastly reduce distance between east and west coasts of India.

With Jet-Etihad in mind, MEA pushes FinMin to 'expedite' UAE trade talks

With Jet-Etihad in mind, MEA pushes FinMin to 'expedite' UAE trade talks

Rediff.com19 Jul 2013

Abu Dhabi national carrier had bought 24 per cent stake in Jet Airways for $379 million in April.