Search results for ' Economic'

Why India Is Wooing Sri Lanka's JVP

Why India Is Wooing Sri Lanka's JVP

Rediff.com5 Oct 2026

India's ruling Bharatiya Janata Party (BJP) is actively courting Sri Lanka's Janatha Vimukthi Peramuna (JVP), a Marxist party with strong Sinhalese nationalist roots, marking a significant shift in bilateral relations despite ideological differences. This engagement, highlighted by a recent high-profile visit by JVP leader Tilvin Silva, aims to foster cooperation on economic projects and address New Delhi's concerns over slow progress in India-aided initiatives in the island nation.

How Naman Dhir used a batter's mind to outfox Pooran

How Naman Dhir used a batter's mind to outfox Pooran

Rediff.com12 Oct 2026

India's spin-bowling all-rounder Naman Dhir discusses how his experience as a batter enhances his ability to read opponents while bowling. He elaborates on his strategy for dismissing Kamil Pooran in the recent T20I match against West Indies and outlines his role as a batting all-rounder in the Indian team, emphasising his reliance on line, length, and pace variations.

GE Aerospace To Double India Supply Chain Investment By 2030

GE Aerospace To Double India Supply Chain Investment By 2030

Rediff.com12 Oct 2026

GE Aerospace is set to significantly increase its supply chain spending in India, targeting USD 400 million by 2030, up from USD 200 million in 2025. This expansion reflects the company's commitment to India's burgeoning aviation market, driven by substantial aircraft orders and the strategic importance of its manufacturing and technology centres in Pune and Bengaluru.

F1 returns to Africa after 33 years, with Rwanda set to host Grand Prix from early 2030s

F1 returns to Africa after 33 years, with Rwanda set to host Grand Prix from early 2030s

Rediff.com14 Oct 2026

Formula One will return to Africa after 33 years, with Rwanda securing a 10-year deal to host a Grand Prix from the early 2030s, promising tourism, investment and jobs.

Hyundai to invest additional Rs 4,000 crore in Maharashtra, doubling Pune plant capacity

Hyundai to invest additional Rs 4,000 crore in Maharashtra, doubling Pune plant capacity

Rediff.com14 Oct 2026

Korean auto major Hyundai plans to invest an additional Rs 4,000 crore in Maharashtra by 2030, aiming to nearly double capacity at its new Pune manufacturing plant to 320,000 units per annum in a phased manner, a top company executive said.

Entry-level Sedans Gain Traction While Midsized Models Continue To Struggle

Entry-level Sedans Gain Traction While Midsized Models Continue To Struggle

Rediff.com14 Oct 2026

India's sedan market is experiencing a notable divergence: affordable entry-level sedans are gaining market share, while midsize sedans are seeing a significant decline as buyers increasingly opt for SUVs in higher price brackets.

India secures hardened narco-trafficking kingpin's deportation from Turkey

India secures hardened narco-trafficking kingpin's deportation from Turkey

Rediff.com3 Oct 2026

Union Home Minister Amit Shah announced the deportation of hardened narco-trafficking kingpin Navpreet Singh from Turkiye, hailing it as a significant achievement for the Modi government's commitment to eradicating drug cartels by 2029. Singh, who used a fake identity to smuggle drugs, was arrested by Delhi Police and remanded to 10-day custody. The government highlighted its intensified efforts to bring back fugitives, with 288 extraditions since 2019.

Amitabh@84: 'Why Are People Keen To Retire Me?

Amitabh@84: 'Why Are People Keen To Retire Me?

Rediff.com11 Oct 2026

'Why should I think of giving up?'

RBI opens special dollar window for OMCs to curb rupee depreciation

RBI opens special dollar window for OMCs to curb rupee depreciation

Rediff.com10 Oct 2026

The Reserve Bank of India has opened a special dollar window for three public sector oil marketing companies (OMCs) to meet their daily dollar requirements, aiming to curb the rupee's depreciation amidst global economic uncertainty. Additionally, the RBI has introduced new regulatory measures for the foreign exchange market, including reducing the threshold for derivative transactions without underlying exposure and introducing a Foreign Exchange Risk Reserve (FERR).

Can Imran Khan Be Deported For Taking Part In Protest?

Can Imran Khan Be Deported For Taking Part In Protest?

Rediff.com14 Oct 2026

The controversy surrounding actor Imran Khan's participation in a Mumbai protest, and BJP leader Kirit Somaiya's demand for his deportation, raises critical questions about the legal rights of Overseas Citizen of India cardholders to engage in political dissent and the grounds for their expulsion from India.

India to release AI regulation consultation paper within 30 days, says Vaishnaw

India to release AI regulation consultation paper within 30 days, says Vaishnaw

Rediff.com9 Oct 2026

Union Minister Ashwini Vaishnaw announced that the Indian government will release a draft consultation paper on Artificial Intelligence (AI) regulations within the next 30 days, focusing on safety, a human-first approach, skilling, inclusivity, and harm restriction.

Kerala High Court Orders CBI Probe Into Rs 65-Crore Investment Scam

Kerala High Court Orders CBI Probe Into Rs 65-Crore Investment Scam

Rediff.com9 Oct 2026

The CBI has initiated an investigation into an alleged Rs 65-crore investment scam involving Viswadeepthi Multi State Agri Co-operative Society Ltd, following a directive from the Kerala High Court. The society is accused of inducing public deposits with high interest rates but failing to repay them, leading to significant financial losses for depositors.

Chhattisgarh Coal Levy Scam: Congress MLA, IAS Officer Among 12 Named In New Charge Sheet

Chhattisgarh Coal Levy Scam: Congress MLA, IAS Officer Among 12 Named In New Charge Sheet

Rediff.com5 Oct 2026

The Chhattisgarh Economic Offence Wing/Anti-Corruption Bureau (EOW/ACB) has filed its sixth supplementary charge sheet in the alleged coal levy scam, naming 12 individuals including Congress MLA Devendra Singh Yadav, former state Congress treasurer Ramgopal Agrawal, and IAS officer Jai Prakash Maurya. The scam involves an alleged illegal levy of Rs 25 per tonne collected from coal transporters by a syndicate of bureaucrats, businessmen, and politicians, with handwritten diaries indicating collections of around Rs 540 crore.

Delhi Police Nabs Alleged Mastermind In Rs 40 Lakh Overseas Job Visa Fraud

Delhi Police Nabs Alleged Mastermind In Rs 40 Lakh Overseas Job Visa Fraud

Rediff.com28 Sep 2026

Delhi Police have arrested Shantaram Barku Shelke, the alleged mastermind behind a Rs 40 lakh visa fraud conspiracy that duped 41 individuals seeking overseas jobs in Russia and Israel. Shelke, proprietor of M/s SS Overseas Travels Agency, issued fake documents and evaded authorities before being apprehended in Nalasopara, Maharashtra.

Sensex, Nifty fall as high oil prices, foreign fund outflows weigh

Sensex, Nifty fall as high oil prices, foreign fund outflows weigh

Rediff.com29 Sep 2026

Indian equity benchmark indices, Sensex and Nifty, extended their losses for a second consecutive day, driven by elevated crude oil prices, persistent foreign institutional investor (FII) outflows, and high US Treasury yields.

Thane Police Extend Custody In Shiv Sena Leader Murder Case

Thane Police Extend Custody In Shiv Sena Leader Murder Case

Rediff.com8 Oct 2026

Police in Thane are investigating the source of a costly firearm used in the murder of Shiv Sena (UBT) functionary Pradeep Purnekar. Two key accused, Nikhil Yadav and Nitesh Pawar, have had their police custody extended until October 13 as authorities seek to identify the mastermind and procurement chain behind the September 29 killing.

'Monetary Policy Can Bring Inflation To The Target'

'Monetary Policy Can Bring Inflation To The Target'

Rediff.com7 Oct 2026

'In fact, when monetary policy has been deployed, it does not distinguish between types of shocks. It goes straight for the kill.'

Xi announces US visit, Trump plans rare airport welcome

Xi announces US visit, Trump plans rare airport welcome

Rediff.com21 Sep 2026

Chinese President Xi Jinping is set to visit the United States from September 23 to 25 for summit talks with US President Donald Trump, with discussions expected to cover critical economic and trade issues, including AI, and the recently signed US sanctions law targeting countries buying Russian oil and gas.

India to probe mid-air attack on Captain Smit Machchhar

India to probe mid-air attack on Captain Smit Machchhar

Rediff.com10 Oct 2026

India's anti-terror agency, the National Investigation Agency (NIA), has registered a case to investigate a mid-air attack on Captain Smit Machchhar, an Indian pilot, inside the cockpit of an Israel-bound flydubai flight, citing an "apparent attempt to hijack or cause it to crash."

S&P, Fitch Raise India's FY27 GDP Growth Forecasts, Anticipate RBI Rate expected

S&P, Fitch Raise India's FY27 GDP Growth Forecasts, Anticipate RBI Rate expected

Rediff.com23 Sep 2026

Fitch Ratings has increased India's GDP growth forecast for the current fiscal year (FY'27) to 6.9 per cent, up from 6.4 per cent, attributing the revision to robust economic growth in the June quarter and overall economic resilience. The agency also anticipates the Reserve Bank of India (RBI) will raise interest rates by 0.25 per cent in October.

Drought: Is Maharashtra Growing The Wrong Crops?

Drought: Is Maharashtra Growing The Wrong Crops?

Rediff.com16 Oct 2026

'Nearly two-thirds of Maharashtra has been drought-prone on and off, and climate change is making it worse.'

Sadhna Group Chairman Held In Major Money Laundering Probe

Sadhna Group Chairman Held In Major Money Laundering Probe

Rediff.com10 Oct 2026

The Enforcement Directorate has arrested Rakesh Kumar Gupta, Chairman of Sadhna Group, in a money laundering case linked to alleged irregularities in IBC processes. He is accused of engineering insolvency to settle significant Income Tax dues for a fraction of the amount, receiving cash via crypto/hawala, and share manipulation. The alleged proceeds of crime total Rs 168 crore, and Gupta has been remanded to five days of ED custody.

Jantar Mantar: From voice of protest to a silenced space

Jantar Mantar: From voice of protest to a silenced space

Rediff.com12 Oct 2026

Jantar Mantar, a historic protest site in New Delhi, is facing de-notification by Delhi Police, raising concerns about its future as a space for public dissent. The site has been central to numerous significant movements, from Anna Hazare's anti-corruption fast and the Nirbhaya protests to recent agitations over NEET paper leaks and wrestlers' grievances. Its proximity to power centres made it a crucial platform for citizens to voice concerns and demand accountability, a role now threatened by its potential loss of status.

All Iranian airlines to be shut down globally from Sept 23: US

All Iranian airlines to be shut down globally from Sept 23: US

Rediff.com22 Sep 2026

United States Treasury Secretary Scott Bessent has warned that Iranian airlines could be effectively shut out of international travel from Wednesday, September 23, as Washington threatens secondary sanctions against foreign companies that continue providing services to Iran's carriers.

'Very heavy tariffs': Trump fumes as Canada moves closer to EU

'Very heavy tariffs': Trump fumes as Canada moves closer to EU

Rediff.com17 Sep 2026

US President Donald Trump has threatened the European Union with "very heavy tariffs" if he perceives their actions as hostile, specifically in response to Canada's efforts to deepen economic and strategic ties with the EU. This comes as European Commission President Ursula von der Leyen invited Canada to become the EU's first "associate member" to strengthen resilience amid global trade uncertainties and US trade policies.

Nifty 50 trails Asian peers: What's holding back Indian equities?

Nifty 50 trails Asian peers: What's holding back Indian equities?

Rediff.com12 Oct 2026

Indian equities, particularly the Nifty 50, have significantly underperformed their Asian and global counterparts over the past year, with the index down 10.6 per cent. This lag is attributed to factors like rising global oil prices, rupee depreciation, and a lack of participation in the global chipmaker rally that boosted markets like South Korea and Taiwan.

Who Fears AI Most? The Global Jobs Picture

Who Fears AI Most? The Global Jobs Picture

Rediff.com6 Oct 2026

Across 34 of 37 nations included in a Pew Research Center survey this year, the prevailing view is that artificial intelligence is more likely to displace workers than open up new employment opportunities.

GST Council allows small online sellers to use warehouses in other states

GST Council allows small online sellers to use warehouses in other states

Rediff.com12 Oct 2026

India's GST Council has approved changes allowing small online sellers to register in states without physical premises by using an e-commerce operator's warehouse as their principal place of business, aiming to boost national sales for small businesses.

Neuroticism Linked To Higher Mental Distress During Crises

Neuroticism Linked To Higher Mental Distress During Crises

Rediff.com8 Oct 2026

A new US study reveals that individuals with high neuroticism are more susceptible to prolonged mental distress during crises like the COVID-19 pandemic. The research, based on over 100,000 survey responses, found that neuroticism significantly increased anxiety and depression symptoms, persisting even into the post-pandemic period. The findings suggest personality traits can help identify vulnerable groups for targeted mental health support.

How Much Did FPIs Sell In September?

How Much Did FPIs Sell In September?

Rediff.com8 Oct 2026

They had bought Rs 29,631 crore worth of shares in August.

Trump strikes surprise deal with Putin, Zelenskyy says...

Trump strikes surprise deal with Putin, Zelenskyy says...

Rediff.com10 Oct 2026

Former President Donald Trump's recent deal with Russia to supply diesel to the US and global markets has ignited a political firestorm, drawing sharp criticism from Ukraine's President Volodymyr Zelenskyy, Democratic leaders, and a segment of Republicans, despite the US Treasury lifting sanctions on Russian diesel supplies.

'Our Bodies Are Wild Beings'

'Our Bodies Are Wild Beings'

Rediff.com15 Oct 2026

'Growing up in Bangladesh, I always felt that I was a piece of meat. As soon as I walked down the street, I could be the president of Bangladesh and I would still be a piece of meat because I am a woman.'

Why RBI Should Increase Rates In October

Why RBI Should Increase Rates In October

Rediff.com6 Oct 2026

A 25-basis-point increase would restore some real monetary restraint when expected inflation has risen, liquidity remains easy and growth is strong, points out Amarendu Nandy.

'Best environment' despite complaints? OCA defends Aichi-Nagoya Games

'Best environment' despite complaints? OCA defends Aichi-Nagoya Games

Rediff.com4 Oct 2026

The Olympic Council of Asia defended the Aichi-Nagoya Asian Games despite accommodation and transport complaints, saying mega multi-sport events always face challenges.

'Rotate Strike': How West Indies Plan To Counter India's Spin Threat

'Rotate Strike': How West Indies Plan To Counter India's Spin Threat

Rediff.com8 Oct 2026

West Indies bowling coach Ravi Rampaul urged his batters to "rotate the strike" and rely on their better players of spin to "counter" India's three-pronged spin-bowling attack.

Why IIT-Bombay Wants UPI MDR Cut To 0.08%

Why IIT-Bombay Wants UPI MDR Cut To 0.08%

Rediff.com11 Oct 2026

A report by IIT-Bombay professors recommends reducing the Merchant Discount Rate (MDR) on UPI transactions from 0.40 per cent to 0.08 per cent. It suggests that banks should fund the UPI ecosystem using their net interest margins from CASA deposits, rather than relying on MDR. The report also addresses transaction costs, credit card MDR, and ATM withdrawal allowances, aiming to ensure UPI's long-term sustainability and public trust by proposing remuneration only from large merchants.

How Smart Maintenance Can Boost India's GDP By 1%

How Smart Maintenance Can Boost India's GDP By 1%

Rediff.com7 Oct 2026

Industry leaders at MRAM Expo 2026 highlighted that India's maintenance economy has the potential to unlock a 1 per cent GDP opportunity. This growth can be achieved by addressing productivity losses from equipment breakdowns, unplanned downtime, and inefficient assets through smarter asset management practices. The NITI Aayog also supports AI-based predictive maintenance for resilient infrastructure, while the Indian Asset Performance Management market is projected for substantial growth by 2033.

IRDAI proposals could slash broker revenues by 70%, lead to 10 lakh job losses: IBAI

IRDAI proposals could slash broker revenues by 70%, lead to 10 lakh job losses: IBAI

Rediff.com6 Oct 2026

The Insurance Brokers Association of India (IBAI) has warned that the IRDAI's proposed overhaul of insurance distribution practices could lead to a 70 per cent fall in revenues for intermediaries and result in 10 lakh job losses, citing concerns over the tight feedback deadline and the global uniqueness of the proposed architecture.

Days after signing sanctions bill, Trump may receive Xi at airport

Days after signing sanctions bill, Trump may receive Xi at airport

Rediff.com21 Sep 2026

Top US and Chinese officials, including Vice Premier He Lifeng and Treasury Secretary Scott Bessent, held "candid, in-depth and constructive" talks in New York on economic and trade issues, with a specific focus on artificial intelligence. These discussions precede Chinese President Xi Jinping's anticipated visit to Washington and occur amidst new US sanctions targeting countries purchasing Russian oil and gas, and the US unveiling an "AI Force."

Mumbai Developer, Wife Face Trial For Rs 28 Crore Homebuyer Cheating Case

Mumbai Developer, Wife Face Trial For Rs 28 Crore Homebuyer Cheating Case

Rediff.com5 Oct 2026

A special MPID court in Mumbai has framed charges against developer Vijay Machhindar, his wife, and their company Ornate Spaces Pvt Ltd for allegedly cheating homebuyers and investors of Rs 28 crore. The charges relate to failing to deliver flats in an Oshiwara residential project and not returning the invested money, leading to a trial under IPC, MPID, and MOFA provisions.