Search results for 'Economic Update'

Iran blames UAE after BRICS ministers fail to agree on joint declaration

Iran blames UAE after BRICS ministers fail to agree on joint declaration

Rediff.com16 May 2026

The BRICS foreign ministers' meeting in New Delhi concluded without a joint statement due to disagreements over the West Asia conflict, with Iran blaming the UAE for the lack of consensus. India, as the host, issued a chair's statement highlighting the differing views.

Trump agrees with Xi's 'US declining' remark, blames Biden

Trump agrees with Xi's 'US declining' remark, blames Biden

Rediff.com15 May 2026

Donald Trump agreed with Xi Jinping's assessment of the US as a 'declining nation,' but attributed the decline to the policies of the Biden administration.

Centre forms high-level panel on demographic change

Centre forms high-level panel on demographic change

Rediff.com27 May 2026

Union Home Minister Amit Shah said infiltration and other reasons are causing 'unnatural' demographic change, which poses a significant challenge to the present and future of any nation.

Real Estate Businessman Arrested In Punjab Land Use Scam

Real Estate Businessman Arrested In Punjab Land Use Scam

Rediff.com23 May 2026

The Enforcement Directorate has arrested a real estate businessman in a money laundering investigation linked to submission of alleged fake consent letters for obtaining Change of Land Use (CLU) from the Punjab government.

Modi's Austerity Push Faces Reality Test

Modi's Austerity Push Faces Reality Test

Rediff.com25 May 2026

Following through announcements with enforcement of measures is key, as a run through recent Indian economic history shows, points out A K Bhattacharya.

Chartered Accountant Among Two Arrested In Delhi GST Fraud Case

Chartered Accountant Among Two Arrested In Delhi GST Fraud Case

Rediff.com16 May 2026

Delhi Police's Economic Offences Wing has arrested two individuals, including a chartered accountant, in connection with a GST and VAT fraud involving the misuse of business credentials and dummy firms.

RBI 'keeping close watch' on West Asia conflict for policy action

RBI 'keeping close watch' on West Asia conflict for policy action

Rediff.com19 May 2026

RBI Governor Sanjay Malhotra stated that the central bank is closely monitoring whether the supply shock from the West Asia conflict will lead to a generalised price rise, potentially necessitating monetary policy action.

Trump pushes mega Middle East reset through Iran deal

Trump pushes mega Middle East reset through Iran deal

Rediff.com26 May 2026

In a lengthy post on Truth Social, Trump said negotiations with Iran were 'proceeding nicely' and argued that several Muslim and Arab nations should formally recognise Israel and join the Abraham Accords once a deal is reached.

Govt Defends Soft Approach To Fuel Crisis

Govt Defends Soft Approach To Fuel Crisis

Rediff.com16 May 2026

'PM Modi is trying to reduce the volume of fuel consumed instead of raising prices sharply.'

Chicago University Honours Ex-CEA Krishnamurthy Subramanian

Chicago University Honours Ex-CEA Krishnamurthy Subramanian

Rediff.com1 May 2026

The University of Chicago has conferred its Alumni Award for Professional Achievement to India's former chief economic adviser Krishnamurthy V Subramanian, the first Indian economist to receive the honour since 1941.

Siddaramaiah seeks guv's appointment, to make way for Shivakumar

Siddaramaiah seeks guv's appointment, to make way for Shivakumar

Rediff.com28 May 2026

Karnataka Chief Minister Siddaramaiah is likely to resign, potentially paving the way for his deputy DK Shivakumar to take over. The move follows reported pressure from the Congress high command, though the party has denied any official decision. Speculation is rife as political tensions rise in the state.

Cash In Circulation Hits Record Rs 42.86 Trillion

Cash In Circulation Hits Record Rs 42.86 Trillion

Rediff.com22 May 2026

Cash remains dominant for many transactions despite continued expansion in digital payments across the country.

Jewellers back PM's gold appeal, propose monetisation scheme enhancements

Jewellers back PM's gold appeal, propose monetisation scheme enhancements

Rediff.com13 May 2026

Leading Indian jewellery bodies, including the All India Gem & Jewellery Domestic Council (GJC) and Malabar Gold & Diamonds, have expressed support for Prime Minister Narendra Modi's appeal to reduce gold imports and are advocating for enhancements to the Gold Monetisation Scheme (GMS) to unlock India's vast idle gold reserves.

Govt raises import duty on gold, silver after PM's appeal

Govt raises import duty on gold, silver after PM's appeal

Rediff.com13 May 2026

The Indian government has increased import duties on gold and silver from 6 per cent to 15 per cent to curb inbound shipments of precious metals amid a rising import bill due to the West Asia crisis.

Delhi Quad meet to focus on West Asia fallout, Indo-Pacific security

Delhi Quad meet to focus on West Asia fallout, Indo-Pacific security

Rediff.com25 May 2026

The economic fallout of the West Asia crisis, the prevailing security situation in the Indo-Pacific and ways to boost cooperation in critical minerals and technology are expected to top the agenda at a crucial meeting of the Quad foreign ministers on Tuesday.

Andhra's population push: CM announces Rs 30,000 for 3rd child, Rs 40,000 for 4th

Andhra's population push: CM announces Rs 30,000 for 3rd child, Rs 40,000 for 4th

Rediff.com17 May 2026

Andhra Pradesh Chief Minister N Chandrababu Naidu has announced incentives for families to encourage larger families and reverse the state's declining population trend.

No vehicle days, convoy cut, public transport, WFH: Andhra's fuel saving plan

No vehicle days, convoy cut, public transport, WFH: Andhra's fuel saving plan

Rediff.com14 May 2026

The Andhra Pradesh cabinet has recommended a series of measures, including 'No Vehicle Day,' online classes, and reduced foreign tours, to mitigate the economic impact of the Gulf war.

11 Face Charges In HDFC Bank Fraud Case In Shopian

11 Face Charges In HDFC Bank Fraud Case In Shopian

Rediff.com7 May 2026

The Economic Offences Wing of the Crime Branch has filed a chargesheet against 11 people in a financial fraud case linked to an HDFC Bank branch in Shopian district.

Gold prices fall sharply amid global economic uncertainty

Gold prices fall sharply amid global economic uncertainty

Rediff.com25 Mar 2026

Gold prices experienced a significant decline in futures trading due to uncertainty surrounding geopolitical tensions in West Asia and conflicting statements regarding the conflict. Investors are also awaiting key macroeconomic data for further direction on interest rate cuts.

Rubio's maiden India visit aims to repair strained ties

Rubio's maiden India visit aims to repair strained ties

Rediff.com23 May 2026

US Secretary of State Marco Rubio will visit India for four days to strengthen bilateral relations, holding talks with Indian leaders and attending the Quad foreign ministers' meeting.

PF Withdrawal Through ATM, UPI Soon

PF Withdrawal Through ATM, UPI Soon

Rediff.com13 May 2026

The proposed facility seeks to simplify and speed up PF withdrawals by allowing Employees' Provident Fund Organisation (EPFO) subscribers to access up to 75 per cent of their balance through ATMs and UPI-based systems, while retaining at least 25 per cent in their accounts.

Trump's Temple Run In Beijing

Trump's Temple Run In Beijing

Rediff.com14 May 2026

Glimpses from Donald Trump and Xi Jinping's ceremonial Beijing engagement capture diplomacy, symbolism and statecraft at historic Chinese landmarks.

Iranian FM Araghchi arrives in India for BRICS summit; to meet Jaishankar

Iranian FM Araghchi arrives in India for BRICS summit; to meet Jaishankar

Rediff.com14 May 2026

Iranian Foreign Minister Abbas Araghchi is in India for a BRICS foreign ministers' meeting, where discussions will focus on the escalating crisis in West Asia and its impact on global energy supply chains.

How Flower Dye Can Power The Future Of Solar Energy

How Flower Dye Can Power The Future Of Solar Energy

Rediff.com20 May 2026

Researchers at the Central University of Jharkhand have developed an eco-friendly solar cell using dye extracted from the Mirabilis jalapa flower, demonstrating the potential of natural, non-toxic materials for solar energy applications.

Why Less Thinking Time Can Improve Strategic Decisions

Why Less Thinking Time Can Improve Strategic Decisions

Rediff.com21 May 2026

A new study suggests that complex strategic decisions may be better when made with less thinking time, highlighting the role of intuition in decision-making.

Panagariya: Don't Fear Rs 100 Dollar

Panagariya: Don't Fear Rs 100 Dollar

Rediff.com22 May 2026

'100 is just a number, like 99 and 101.'

Criminal law can't target every in-law in marital disputes: SC

Criminal law can't target every in-law in marital disputes: SC

Rediff.com25 May 2026

The Supreme Court on Monday said criminal law cannot be permitted to be set in motion against every relative of the husband in a matrimonial dispute merely on the basis of omnibus allegations lacking a specific factual foundation.

Rs 3000 cr cap on nuclear liability: Very sensitive legislative policy issue, says SC

Rs 3000 cr cap on nuclear liability: Very sensitive legislative policy issue, says SC

Rediff.com19 May 2026

The Supreme Court is reviewing a plea challenging the 2025 SHANTI Act, which caps liability at Rs 3,000 crore for nuclear plant incidents, raising concerns about victim compensation and operator accountability.

Marco Rubio arrives in India; Quad, trade, defence on agenda

Marco Rubio arrives in India; Quad, trade, defence on agenda

Rediff.com23 May 2026

US Secretary of State Marco Rubio arrived in Kolkata for a four-day diplomatic tour to India, marking the first visit by a US secretary of state to the city in 14 years. His itinerary includes meetings with Indian officials, energy talks, and a Quad Foreign Ministers Meeting.

Beed Farmer's Suicide Blamed On Quota Delay, Financial Stress

Beed Farmer's Suicide Blamed On Quota Delay, Financial Stress

Rediff.com15 May 2026

A 24-year-old farmer in Beed district allegedly committed suicide due to delays in obtaining a Kunbi caste certificate for quota benefits and financial difficulties. Police are investigating the case.

Court orders confiscation of arms consultant Sanjay Bhandari's assets

Court orders confiscation of arms consultant Sanjay Bhandari's assets

Rediff.com6 May 2026

A Delhi court has ordered the confiscation of several properties belonging to UK-based arms consultant Sanjay Bhandari under the Fugitive Economic Offenders Act, following his declaration as a fugitive in a money laundering case.

India flags energy, maritime threats at BRICS amid West Asia crisis

India flags energy, maritime threats at BRICS amid West Asia crisis

Rediff.com15 May 2026

India has expressed serious concerns about the West Asia crisis and its potential impact on energy supplies and maritime stability, urging BRICS nations to find practical solutions to geopolitical challenges and unilateral sanctions.

Petrol, diesel price hiked for 3rd time in 10 days

Petrol, diesel price hiked for 3rd time in 10 days

Rediff.com23 May 2026

Petrol price has been increased by 87 paise in Delhi from Rs 98.64 to Rs 99.51 per litre. Diesel rates have gone up by 91 paise from Rs 91.58 to Rs 92.49.

Water Could Help India Cut Fuel Consumption, Emissions

Water Could Help India Cut Fuel Consumption, Emissions

Rediff.com17 May 2026

A Monaco-based fuel technology company, FOWE Eco Solutions, claims its patented Cavitech fuel emulsion technology can help industries slash fuel consumption, reduce emissions, and improve equipment performance by using water.

Sensex gains nearly 790 points, driven by telecom and banking sector buying

Sensex gains nearly 790 points, driven by telecom and banking sector buying

Rediff.com14 May 2026

Indian stock markets saw a significant rebound, with the Sensex jumping nearly 790 points, primarily fuelled by strong buying interest in telecom, pharma, and private banking shares, despite a volatile trading session and a weakening rupee.

LPG tanker carrying 20,000 tonnes of gas reaches Gujarat after crossing Hormuz

LPG tanker carrying 20,000 tonnes of gas reaches Gujarat after crossing Hormuz

Rediff.com17 May 2026

A vessel carrying 20,000 metric tonnes of Liquefied Petroleum Gas (LPG) arrived at Deendayal Port Authority in Kandla, Gujarat, after crossing the Strait of Hormuz amid the West Asia crisis.

Sebi's Revised Methodology Boosts India's Household Savings Ratio

Sebi's Revised Methodology Boosts India's Household Savings Ratio

Rediff.com21 May 2026

India's gross savings rate is projected to be nearly 47 basis points higher in FY25 than previously estimated, following the Securities and Exchange Board of India's (Sebi) revision of the methodology for calculating household savings routed through the securities market.

US Seizes Oil Tanker Linked To Iran In Indian Ocean

US Seizes Oil Tanker Linked To Iran In Indian Ocean

Rediff.com20 May 2026

The US has seized an oil tanker, 'Skywave', linked to Iran in the Indian Ocean, as part of efforts to disrupt Iran's oil shipments and enforce sanctions. The vessel was part of a network transporting sanctioned Iranian crude oil, with the seizure occurring amid heightened tensions between Washington and Tehran.

Modi shares glimpses of Italy visit, 'Melody moment'

Modi shares glimpses of Italy visit, 'Melody moment'

Rediff.com21 May 2026

Prime Minister Narendra Modi's visit to Italy concluded with the elevation of India-Italy relations to a Special Strategic Partnership, focusing on enhanced cooperation across various sectors.

West Bengal To Overhaul Recruitment Process

West Bengal To Overhaul Recruitment Process

Rediff.com23 May 2026

West Bengal Chief Minister Suvendu Adhikari announced that the state government will introduce a new recruitment policy in the next Budget session to address irregularities and scams that occurred during the previous Trinamool Congress government.