News for 'pli'

Karnataka restricts entry of people from Guj, Maha, Kerala, TN

Karnataka restricts entry of people from Guj, Maha, Kerala, TN

Rediff.com18 May 2020

"We have decided not to allow people from Gujarat, Maharashtra, Kerala and Tamil Nadu till May 31, but allowed in stages (staggered manner)," the CM said said.

India seen contributing 15% of global growth by FY26

India seen contributing 15% of global growth by FY26

Rediff.com19 Jan 2021

The ongoing key reforms such as sops for manufacturing, easier labour laws, wooing FDI inflows and privatisation will help improve productivity and support long-term growth at 7.5-8 per cent levels, which if played out well, can help India contribute 15 per cent of global GDP growth by FY2026, says a report. According to a report pencilled by the India economist at UBS Securities, Tanvee Gupta Jain, the country has the lowest manufacturing costs among peers, even though China retains significant ecosystem advantages and despite that India and Vietnam appear most likely to benefit from a shift out of China.

IPL set to roll even as COVID situation worsens in India

IPL set to roll even as COVID situation worsens in India

Rediff.com7 Apr 2021

The Indian Premier League is not only one of the world's most lucrative annual sporting properties but also among the most durable, with not even the lengthening shadow of the COVID-19 pandemic apparently able to stop the Twenty20 juggernaut.

RBI retains GDP growth forecast at 10.5% for FY'22

RBI retains GDP growth forecast at 10.5% for FY'22

Rediff.com7 Apr 2021

The Reserve Bank of India on Wednesday retained the economic growth projection for the current financial year at 10.5 per cent, while cautioning that the recent surge in COVID-19 infections has created uncertainty over the economic growth recovery. In its last policy review, the RBI had projected a GDP growth rate of 10.5 pc for FY'22. Taking various factors into consideration, it said, "the projection of real GDP growth for 2021-22 is retained at 10.5 per cent consisting of 26.2 per cent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4."

Masks, hand sanitiser declared 'essential commodities'

Masks, hand sanitiser declared 'essential commodities'

Rediff.com14 Mar 2020

These items will remain under essential commodities segment till June-end, a move aimed at ensuring availability at reasonable prices and cracking down on hoarders/black marketeers.

Delhi's air quality 'severe', likely to remain so on Diwali

Delhi's air quality 'severe', likely to remain so on Diwali

Rediff.com7 Nov 2020

Experts said while meteorological conditions were "moderately" favourable for dispersion of pollutants, a "very high" number of farm fires in Punjab was the primary reason for "severe" air quality.

Bandh likely to hit supply of rations for protesters

Bandh likely to hit supply of rations for protesters

Rediff.com8 Dec 2020

But we have enough stacked up for another 2-3 months. We have come prepared for a long haul, Gurjaint Singh from Panipat said.

Lockdown in Delhi extended till May 17; curb on Metro services, weddings

Lockdown in Delhi extended till May 17; curb on Metro services, weddings

Rediff.com9 May 2021

The Delhi government had been forced to impose lockdown amid a steep rise in COVID-19 cases on April 20. Although, the cases have come down and positivity rate has reduced from the high of 35 per cent on April 26 to around 23 per cent now, but strictness is needed.

Wedding of Kumaraswamy's son was 'well within limits': Yediyurappa

Wedding of Kumaraswamy's son was 'well within limits': Yediyurappa

Rediff.com18 Apr 2020

"All the necessary permissions were given and the marriage was performed in a simple manner. There is no need to discuss about it. They had done it well within their limits for which I congratulate them," Yediyurappa said to a query from reporters during the post-COVID-19 briefing.

Chennai deserted as lockdown kicks in, 2,000 plus cases filed against violators

Chennai deserted as lockdown kicks in, 2,000 plus cases filed against violators

Rediff.com19 Jun 2020

Shops selling essentials including vegetables functioned from morning till 2 pm and private vehicles and autos, taxis were off the roads.

Mumbaikars in for a rough ride as autos on strike on Monday

Mumbaikars in for a rough ride as autos on strike on Monday

Rediff.com15 Feb 2016

State transport commissioner Shyam Wardhane has issued directives allowing private cars, buses and other vehicles to operate as "public transport" on Monday

This govt was not in favour of retro tax: Fin Secy

This govt was not in favour of retro tax: Fin Secy

Rediff.com5 Aug 2021

The bill to nullify retrospective taxation offers a fair solution within the framework of Indian law and Parliamentary sovereignty to companies which have been subjected to such demands, Finance Secretary T V Somanathan said on Thursday. Finance Minister Nirmala Sitharaman introduced 'The Taxation Laws (Amendment) Bill, 2021' in the Lok Sabha that seeks to withdraw tax demands made using a 2012 retrospective legislation to tax the indirect transfer of Indian assets. The Bill provides for the withdrawal of tax demand made on "indirect transfer of Indian assets if the transaction was undertaken before May 28, 2012 (i.e. the day the retrospective tax legislation came into being)."

India likely to have current account surplus this fiscal

India likely to have current account surplus this fiscal

Rediff.com23 Nov 2020

Chief Economic Adviser K V Subramanian on Monday said India is likely to post current account surplus in the current financial year as there is moderation in import due to under heating of the economy triggered by the COVID-19 crisis. This crisis is different from what the world witnessed during the taper tantrum, he said while addressing a virtual conference organised by industry body CII. Taper tantrum phenomenon refers to the 2013 collective reactionary response that triggered a spike in US treasury yields, after investors learned that the US Fed was slowly putting brakes on its quantitative easing (QE) program.

Crucial fertiliser shortage may pinch farmers

Crucial fertiliser shortage may pinch farmers

Rediff.com9 Nov 2021

Enthused by rising potato prices after a prolonged slump, Pradeep Sharma was planning to sow the crop on his 15-acre farm near Agra slightly earlier than usual. The delayed departure of the southwest monsoon also prompted his decision, since the good soil moisture would have saved at least one initial irrigation. But the acute shortage of diammonium phosphate (DAP), a crucial nutrient ahead of the sowing season for potatoes, nipped those hopes in the bud. DAP is the second-most used fertiliser in the country after urea.

Budget: Tax sops for employees working from home?

Budget: Tax sops for employees working from home?

Rediff.com21 Jan 2021

The government could look at providing deductions for expenses incurred by salaried employees while working from home in the upcoming Budget as it looks to boost demand, consulting firm PwC India said on Thursday. Addressing a pre-Budget session, Pwc India senior tax partner Rahul Garg said demand creation is particularly focussed on money being given or left in the hands of the individuals.

India within striking distance of attaining positive growth: RBI

India within striking distance of attaining positive growth: RBI

Rediff.com21 Jan 2021

India's GDP is within the striking distance of attaining positive growth, the Reserve Bank said observing that the letter "V" in the V-shaped recovery stands for vaccine. The Indian government launched the world's biggest vaccination drive on January 16 to protect people from COVID-19. "What will 2021 look like? The shape of the recovery will be V-shaped after all and the 'V' stands for vaccine," said an article on the 'state of economy' in the RBI's January Bulletin. India has launched the biggest vaccination drive in the world, backed by its comparative advantage of having the largest vaccine manufacturing capacity in the world and a rich experience of mass inoculation drives against polio and measles.

Covid's 4 Lasting Scars On The Economy

Covid's 4 Lasting Scars On The Economy

Rediff.com6 Oct 2021

Expect a more modest out-turn of around 5 per cent (if not less) because of the longer-term scarring effects of the Covid shock, the sharply slowing growth in the pre-Covid years and some scepticism about the growth-efficacy of some of recent official policy initiatives, explains Shankar Acharya, former chief economic advisor to the government.

India's Quest For A Role In The Future Of Semiconductors

India's Quest For A Role In The Future Of Semiconductors

Rediff.com28 Dec 2021

'Whoever owns the best chip industry will be the Saudi Arabia of the era of data,' predicts Rajeev Srinivasan.

What India Inc says about Budget 2022

What India Inc says about Budget 2022

Rediff.com2 Feb 2022

Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?

Is Rajasthan new hub for narco smugglers?

Is Rajasthan new hub for narco smugglers?

Rediff.com24 Jun 2021

Did the ISI choose the Rajasthan border to smuggle narcotics after striking deals with Indian smugglers, who would send the money to various terrorist groups in Kashmir?

'Definite improvement in economic activity in October'

'Definite improvement in economic activity in October'

Rediff.com24 Nov 2021

'I hope the trend is sustainable and that economic activity accelerates going forward.'

Xiaomi expands smartphone, TV capacity in India with 3 new plants

Xiaomi expands smartphone, TV capacity in India with 3 new plants

Rediff.com26 Feb 2021

Apart from bringing new suppliers on board, Xiaomi is also hoping to take advantage of the newly launched PLI scheme that offers incentives on incremental production of smartphones with 2020 as the base year.

366 Shramik trains run so far, 4 lakh migrants ferried

366 Shramik trains run so far, 4 lakh migrants ferried

Rediff.com10 May 2020

While 287 trains have already reached their destinations, 79 trains are in transit, officials said. Out of these 287 trains, 127 terminated in Uttar Pradesh, 87 in Bihar, 24 in Madhya Pradesh, 20 in Odisha, 16 in Jharkhand, four in Rajasthan, three in Maharashtra, two each in Telangana and West Bengal, and one each in Andhra Pradesh and Himachal Pradesh, the officials said.

Mumbaikars, don't go beyond 2 km of your homes: Cops

Mumbaikars, don't go beyond 2 km of your homes: Cops

Rediff.com28 Jun 2020

Movement beyond 2 km is permitted only for attending office or medical emergencies.

Mumbai's taxis, autos strike postponed for 10 days

Mumbai's taxis, autos strike postponed for 10 days

Rediff.com25 Jul 2016

Following an assurance from the state government that their grievances would be looked into, the strike -- which was to begin on Tuesday -- has been pushed back.

'There seems to be a threat every time it rains'

'There seems to be a threat every time it rains'

Rediff.com19 Oct 2021

'We have only ourselves to blame.' 'For selfish reasons and greed, we have obstructed many outlets, preventing the water from flowing out, be it rivers, tributaries or small drainage systems.'

Naman Ojha bids tearful adieu to all forms of cricket

Naman Ojha bids tearful adieu to all forms of cricket

Rediff.com15 Feb 2021

Although Ojha's international career never took off, the Ujjain-born player has played 146 first-class games notching up 9,753 runs

Odd-even car formula from 8 am-8 pm, says Delhi government

Odd-even car formula from 8 am-8 pm, says Delhi government

Rediff.com8 Dec 2015

A high-level meeting, chaired by Chief Minister Arvind Kejriwal, also decided to enforce the restrictions date-wise as even numbered cars will be allowed to ply on even dates and odd-numbered ones will ply on odd dates.

Barber shops, e-commerce allowed in orange, green zones: MHA

Barber shops, e-commerce allowed in orange, green zones: MHA

Rediff.com2 May 2020

The MHA on Friday, while extending the lockdown for two more weeks till May 17, lifted many restrictions in green and orange zones. There are no restrictions on sale of non-essential items by e-commerce platforms in green and orange zones, a home ministry spokesperson said, adding barber shops and salons are also allowed to open in these areas.

Boxers Vijender, Manoj help raise funds for ailing Dingko Singh

Boxers Vijender, Manoj help raise funds for ailing Dingko Singh

Rediff.com22 Apr 2020

Boxers and coaches have connected over a WhatsApp group to raise over 1 lakh, transferred directly to Dingko's account through online payment modes. The 'mission' started on Tuesday evening once Dingko's bank details were established. The contributions have ranged from 1,000 to 25,000 so far and are still coming in.

Curfew relaxed in Guwahati, parts of Dibrugarh

Curfew relaxed in Guwahati, parts of Dibrugarh

Rediff.com15 Dec 2019

After the Citizenship (Amendment) Bill was cleared by Parliament, violent protests broke out in Guwahati.

Budget in 2 minutes: 'Bad bank' gets nod, discoms to get funds & more

Budget in 2 minutes: 'Bad bank' gets nod, discoms to get funds & more

Rediff.com2 Feb 2021

Finance Minister Nirmala Sitharaman presented her third Budget on February 1.

Lift communication curbs, demands Kashmir Press Club

Lift communication curbs, demands Kashmir Press Club

Rediff.com24 Sep 2019

It added that there had been several reminders from the club to the government for freeing the communication of newspaper offices, journalists and the club itself.

FC Goa's Martins wants to break into India XI

FC Goa's Martins wants to break into India XI

Rediff.com27 May 2021

'You cannot achieve everything in one day and in the long path, there will be ups and downs in your life.'

Beaten India aim for improved batting in 2nd T20 vs England

Beaten India aim for improved batting in 2nd T20 vs England

Rediff.com13 Mar 2021

Left shaken by a bunch of world-class operators, the Indian team's white-ball stars will be aiming to put up an improved batting effort in the second T20 International against England in Ahmedabad on Sunday.

We may be heading for 7%+ growth

We may be heading for 7%+ growth

Rediff.com24 Aug 2021

The market price action seems to point in this direction. Let's hope we finally break out. It is about time! asserts Akash Prakash.

Dad steps down, Jayadev Galla helms Amara Raja

Dad steps down, Jayadev Galla helms Amara Raja

Rediff.com15 Jun 2021

'I have personally been very keen on investing in lithium ion battery technology for some time.'

No diesel taxis on Delhi roads from May 1, says SC

No diesel taxis on Delhi roads from May 1, says SC

Rediff.com30 Apr 2016

It is the end of the road for diesel taxis including those run by aggregators like Ola and Uber in Delhi and National Capital Region.

Ashwin signs up with Yorkshire for county stint

Ashwin signs up with Yorkshire for county stint

Rediff.com16 Jan 2020

It will be Ashwin's third county stint, having represented Worcestershire and Nottinghamshire in the past.

More budget carriers mull flying abroad

More budget carriers mull flying abroad

Rediff.com31 Dec 2013

Lower taxes on ATF on international routes certainly help in making operations more viable.