News for 'foreign exchange department'

The visionary who made Indian IT industry global

The visionary who made Indian IT industry global

Rediff.com7 Dec 2020

One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.

Black money: Swiss govt says India cannot disclose names to SC

Black money: Swiss govt says India cannot disclose names to SC

Rediff.com30 Oct 2014

The Swiss Finance Ministry spokesperson further said the treaty states that "such persons or authorities shall use the information 'only' for such purposes.

Trump's Kashmir remark triggers massive political row

Trump's Kashmir remark triggers massive political row

Rediff.com23 Jul 2019

The issued rocked both houses of Parliament with the Opposition demanding Modi's statement on Trump's controversial remarks, holding that Kashmir is a bilateral issue and no third party can intervene.

Economic recovery in India still uneven: Rajan

Economic recovery in India still uneven: Rajan

Rediff.com13 Oct 2014

The RBI governor also said he is not 'overly' worried about any interest rate hike by the Federal Reserve, saying the country had enough foreign exchange reserves.

Sensex rises 145 points to end at fresh 2016 high

Sensex rises 145 points to end at fresh 2016 high

Rediff.com1 Jul 2016

n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.

Decision on FDI cap soon: FM

Decision on FDI cap soon: FM

Rediff.com2 Jul 2013

Seeking to spur foreign investments, Finance Minister P Chidambaram has said the Union Cabinet will decide on raising FDI caps in different sectors in the third week of this month.

Nehru's vision, Bhabha's mission

Nehru's vision, Bhabha's mission

Rediff.com14 Nov 2018

Nehru's faith in science and technology, his genuine respect for Bhabha, and their burning ambition worked synergistically to place India on the nuclear map of the world. Atomic energy developed and prospered because of Nehru's vision fulfilled by Bhabha's mission, recalls K S Parthasarathy, former secretary of the Atomic Energy Regulatory Board, on the occasion of India's first prime minister's 119th birthday today.

Economy on a strong wicket; fundamentals sound: Jaitley

Economy on a strong wicket; fundamentals sound: Jaitley

Rediff.com24 Oct 2017

Economic Affairs secretary S C Garg said inflation has consistently come down since 2014 and will not cross 4 per cent this fiscal.

'This is a process of reconstructing almost from scratch, building a relationship with that important nation in the world, India'

'This is a process of reconstructing almost from scratch, building a relationship with that important nation in the world, India'

Rediff.com3 Dec 2020

'I would urge my Indian friends to look at how significant the overall support was.'

Summer holiday rush fuels travel business

Summer holiday rush fuels travel business

Rediff.com24 May 2015

Indian tours have seen an upswing partly because Nepal packages have been cancelled after the recent earthquake

Why Modi stood by an embattled Sushma Swaraj

Why Modi stood by an embattled Sushma Swaraj

Rediff.com15 Jun 2015

Sheela Bhatt/Rediff.com decodes why Modi has decided to retain her in the Union Cabinet despite this controversy and their many internal differences.

17 risks that can shake markets

17 risks that can shake markets

Rediff.com2 Jan 2017

Rumours about a spike in taxes for equity investors are flying thick and fast.

PAN-based database of taxpayers in the works

PAN-based database of taxpayers in the works

Rediff.com17 Jun 2015

Database to contain taxable financial transactions and history of any tax-paying individual.

Turkish bank unable to process India payments for Iran oil

Turkish bank unable to process India payments for Iran oil

Rediff.com12 Dec 2013

Turkey's state-run Halkbank can only resume processing Indian oil payments to Iran once Western sanctions are officially lifted following an interim deal in Geneva last month, a senior Halkbank official said on Wednesday

What ails the Indian economy?

What ails the Indian economy?

Rediff.com6 Sep 2019

Dr Rakesh Mohan, former RBI deputy governor, and Dr Pronab Sen, former chairman of the Indian Statistical Commission discuss the issues facing the Indian rural and manufacturing sectors and what the government must possibly do to improve demand and perk up the Indian economy

Is Masood Azhar suffering from renal failure?

Is Masood Azhar suffering from renal failure?

Rediff.com2 Mar 2019

The founder of the dreaded terrorist group Jaish-e-Mohammed undergoes regular dialysis at an army hospital in Rawalpindi in Pakistan.

Weak IT earnings trip four-day winning streak; Nifty ends below 8,550

Weak IT earnings trip four-day winning streak; Nifty ends below 8,550

Rediff.com15 Jul 2016

Infosys slipped nearly 9% after the company cut full year revenue outlook for FY17.

The daunting tasks facing Suresh Prabhu

The daunting tasks facing Suresh Prabhu

Rediff.com15 Sep 2017

Mr Prabhu has a big challenge ahead in implementing trade reforms to regain the lost export momentum, says Jayanta Roy.

'Commercial pact with Etihad not to override Jet board powers'

'Commercial pact with Etihad not to override Jet board powers'

Rediff.com25 Sep 2013

Naresh Goyal-led Jet has also changed the shareholders agreement and amended the investment agreement and the articles of association, as suggested by the Foreign Investment Promotion Board, headed by DEA Secretary Arvind Mayaram, official sources said.

Modi govt's war on black money has gone for a toss

Modi govt's war on black money has gone for a toss

Rediff.com28 Jun 2018

The Indian money in Swiss banks had fallen by 45 per cent in 2016, marking their biggest ever yearly plunge, to CHF 676 million (about Rs 4,500 crore) -- the lowest ever since the European nation began making the data public in 1987.

Govt likely to ease levy on telecom companies

Govt likely to ease levy on telecom companies

Rediff.com5 Nov 2013

DoT plans to initiate move that might lower the revenues telcos share with government.

Black money: Indian, Swiss officials to meet soon

Black money: Indian, Swiss officials to meet soon

Rediff.com9 Oct 2014

The government has stated that it will make all efforts to bring back illicit wealth parked by its citizens in foreign jurisdictions.

With entry into NSG on his mind, PM embarks on 5-nation tour

With entry into NSG on his mind, PM embarks on 5-nation tour

Rediff.com4 Jun 2016

Modi on Saturday embarked on a five-nation visit to Afghanistan, Qatar, Switzerland, the US and Mexico focus of which will be to enhance India's engagement in areas of trade, energy and security, besides pushing for its membership of the Nuclear Suppliers Group.

What message is Trump sending Imran?

What message is Trump sending Imran?

Rediff.com2 Sep 2018

'The US appears to think that Pakistan is highly vulnerable today due to its economic crisis and one more turn of the screw may bring about desired results,' says Ambassador M K Bhadrakumar.

Interesting facts about the new owner of Financial Times

Interesting facts about the new owner of Financial Times

Rediff.com23 Jul 2015

Nikkei is one of the largest media houses in Japan.

Security issues to be discussed during Modi's US visit

Security issues to be discussed during Modi's US visit

Rediff.com16 Sep 2014

The United States on Tuesday said it shares a very broad relationship with India and key issues of security, economy and energy among others would be discussed during Prime Minister Narendra Modi's maiden visit to the country.

Investors make hay on election results day

Investors make hay on election results day

Rediff.com18 May 2014

Instead of being carried away by Friday's historic election verdict, savvy investors were seen taking money off the table, after the benchmark Sensex rallied about 1,500 points in intra-day trade.

Hillary Clinton a 'world-class liar': Trump

Hillary Clinton a 'world-class liar': Trump

Rediff.com23 Jun 2016

The war of words between Donald Trump and his Democratic rival Hillary Clinton on Wednesday reached a new high with the presumptive Republican presidential nominee calling her a "world-class liar" while she hit back describing him as "self-proclaimed king of death" for his rhetoric, economic policies.

Rocky Yadav's mother seeks anticipatory bail

Rocky Yadav's mother seeks anticipatory bail

Rediff.com13 May 2016

On behalf of Manorama Devi, advocate Qaiser Sarfuddin filed the bail petition in the court of (in-charge) District Judge S N Singh who posted the matter for hearing on Monday.

Trump realises India has been force for good in world: US official

Trump realises India has been "force for good" in world: US official

Rediff.com24 Jun 2017

The PM will meet President Donald Trump face-to-face for the first time at the White House on Monday. "I think that the US really appreciates India, and I think that President Trump realises that India has been a force for good in the world and that it's a relationship that's important. And I think that will come through in the visit on Monday," the official said.

China is striking back and HOW

China is striking back and HOW

Rediff.com14 May 2020

China has not limited the 'battle' to the diplomatic field alone; the People's Liberation Army has become aggressive on the ground too. The recent 'fights' in Northern Sikkim and Ladakh are part of the pattern, asserts Claude Arpi.

Hong Kong's COVID-19 lessons for the world

Hong Kong's COVID-19 lessons for the world

Rediff.com22 Apr 2020

'The rate of transmission of COVID-19 in Hong Kong was 0.7 -- anything below 1 suggests the epidemic is receding.' 'The city-State achieved this without the de facto police-State curfew that India has resorted to,' says Rahul Jacob.

Unaccounted bank deposits face 50% tax, 4-year lock-in

Unaccounted bank deposits face 50% tax, 4-year lock-in

Rediff.com25 Nov 2016

A minimum of 50 per cent tax may be levied on unexplained bank deposits made using the banned currency notes up to December 30 along with a 4-year lock in period for half of the remaining amount under the amendments to tax law the government plans to bring in Parliament shortly.

Indian money in Swiss banks dips 33% to Rs 8,392 cr

Indian money in Swiss banks dips 33% to Rs 8,392 cr

Rediff.com30 Jun 2016

This is the lowest amount of funds held by Indians in the Swiss banks ever since the Alpine nation began making the data public in 1997.

Khobragade reassigned to UN mission, but will US approve her new visa?

Khobragade reassigned to UN mission, but will US approve her new visa?

Rediff.com19 Dec 2013

'Dr Khobragade is now a Counsellor without any specific work responsibility at the PMI. There is not going to be any work for her at the mission at least for now. This is an interim measure to help her so she can get diplomatic immunity and get over this situation.'

Mallya@60: Once the king of good times, now a defaulter

Mallya@60: Once the king of good times, now a defaulter

Rediff.com11 Dec 2015

Vijay Mallya has lost control of his companies.

'Strict decisions have to be made for the good of the poor'

'Strict decisions have to be made for the good of the poor'

Rediff.com25 Jun 2014

'You cannot judge a government within a month. Give us five years' time.' 'At times, strict economic decisions have to be made for the good of the poor in the long run.' Dharmendra Pradhan, one of the Modi government's stars, speaks exclusively to Sheela Bhatt/Rediff.com about why the government is forced to roll out 'bitter medicine.'

US offers 'unique' security guarantees if N Korea denuclearises

US offers 'unique' security guarantees if N Korea denuclearises

Rediff.com11 Jun 2018

"President Trump believes that Kim has an unprecedented opportunity to change the trajectory of our relationship and bring peace and prosperity to his country," Pompeo said.

Why India's defence planning is a no-brainer

Why India's defence planning is a no-brainer

Rediff.com13 May 2014

The defence ministry has signed off on a national security plan that it cannot fund. Ajai Shukla reports

PHOTOS: Trump hosts dinner for Modi

PHOTOS: Trump hosts dinner for Modi

Rediff.com27 Jun 2017

This was the first dinner hosted for a foreign dignitary at the White House under the Trump administration.