The fall in exports has been arrested and its growth is expected to be slow but steady in the coming months, Commerce and Industry Minister Nirmala Sitharaman said on Monday. “At the moment, the fall is arrested (and it) is very clear. The growth is happening. We will only be looking at the steady growth. It may be slow but steady,” she told reporters in New Delhi. She said this in a reply to a question on outlook for exports in the coming months. Contracting for the second month in ... Rediff.com, 1 month ago
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It’s been eight days since the opposition parties have stalled Parliament over the demonetisation issue. Functioning of both the Rajya Sabha and the Lok Sabha was disrupted, leading to their premature adjournment for the day. IMAGE: Opposition leaders carry out a protest at Parliament House against PM Modi's demonetisation move. Photograph: PTI Photo Lok Sabha: In the Lok Sabha, a number of Opposition leaders, including Mallikarjun Kharge of the Congress, Sudip Bandhopadhyay of the ...Rediff.com, 1 week ago
According to analyst firm RedSeer, the absence of cash on delivery has hit daily e-commerce sales by 30% over the past few days. E-commerce could see a 6-10% drop in orders in November from those prior to Diwali as the government’s decision to scrap high-value currency bills hurts cash on delivery transactions. According to analyst firm RedSeer, the absence of cash on delivery has hit daily e-commerce sales by 30% over the past few days. Over 60% of transactions on e-commerce ...Rediff.com, 3 weeks ago
Prime Minister Narendra Modi has been running a tight ship when it comes to governance. He involves junior ministers in the decision-making process and holds a meeting of the Council of Ministers every last Saturday of the month, but there’s a group of ministers that the prime minister reaches out to more often. This correspondent spoke extensively to senior Union ministers and members of Parliament from almost all parties to draw up a list of people who play an important role in ...Rediff.com, 1 month ago
The Modi government’s appalling inefficiency and lack of purpose stand exposed, says Ambassador M K Bhadrakumar. My archives on India-Iran relations include a clipping from DNA newspaper from Mumbai, going back to May last year. It is a Press Trust of India report, Iran’s Chabahar port to be operational by December 2016: Nitin Gadkari, based on an exclusive interview with the Union minister of transport, coinciding with his visit to Teheran to finalise the Chabahar project.Rediff.com, 2 months ago
Terming "Indian aggression" as a threat to the entire region, Prime Minister Nawaz Sharif on Friday warned that Pakistan is also capable of executing surgical strikes and will not allow anyone to "cast an evil eye" on it. Chairing a special Cabinet meeting to review the security situation in the country, Sharif said that Pakistan will take all necessary steps to protect its people and territorial integrity in case of any aggression or violation of the Line of Control. He said that Indian ...Rediff.com, 2 months ago
The latest trigger has been Future group's buyout talk with the retail unit of Andhra Pradesh Chief Minister Chandrababu Naidu’s family-owned Heritage Foods Future group founder and chief executive officer Kishore Biyani is looking to consolidate Indian retail with acquisitions in food and grocery businesses, say industry sources. The latest trigger has been Future group's buyout talk with the retail unit of Andhra Pradesh Chief Minister Chandrababu Naidu’s family-owned Heritage ...Rediff.com, 2 months ago
One of the biggest ways in which recent government actions have been seen as investor-unfriendly is New Delhi’s decision to unilaterally revisit almost every Bilateral Investment Treaty it has signed with other countries, says Mihir S Sharma. The Narendra Modi-led central government has often spoken of its single-minded focus on increasing investment into India. The prime minister has, for example, declared that India is “the most open economy in the world” for investment. An ...Rediff.com, 2 months ago
The Prime Minister and and President gracing ads for Reliance Jio and Bandhan Bank have put the spotlight on this trend. Newspaper readers were in for a complete surprise earlier this month when the face of the Prime Minister of India Narendra Modi stared at them via front-page ads for Jio, Reliance Industries’ telecom service. For an audience otherwise used to the PM appearing in ads for his party or when his government has an initiative to launch or message to convey, ...Rediff.com, 2 months ago
Paytm has, since November 8, been on an overdrive, rolling out a series of features on its app including multi-language options for a no-holds barred access across the country, say Karan Choudhury and Nivedita Mookerji. When Business Standard caught up with Vijay Shekhar Sharma, chief executive officer of Paytm, more than three weeks after the big currency notes were banned, one question on top of the mind was, how did the wallet company cope with the sudden surge in demand for cashless ...Rediff.com, 2 days ago
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