Mirroring the traditional hawala system, where money is sent through non-banking channels, this digital version uses the anonymity of unregulated cryptocurrency to erase the financial trail and inject cash into the domestic economy.
The European Union (EU) has suspended export benefits to sectors such as textiles and plastics under a preferential scheme for India and two other countries from January 1, a move that will impact the country's shipment to the 27-nation bloc. The development is important as the two sides are likely to announce the closure of negotiations for a free tarde agreement (FTA) on January 27.
'Economic activity appears to have peaked in the second quarter of FY26, with industrial output, exports, and business confidence all softening from October 2025.'
Canadian Prime Minister Mark Carney on Tuesday warned that the world is witnessing a fundamental 'rupture' in the global order rather than a gradual transition, cautioning against weaponising trade, finance, and supply chains.
A government official said India and the US are exploring an interim trade deal within 90 days.
As he is laid to rest, Indian cricket bids farewell to one of its greatest administrators -- a visionary who understood that breaking monopolies and building stadiums were about the same thing: Giving millions of cricket-loving Indians the infrastructure worthy of their passion.
India has managed high government debt-to-GDP, a slowing domestic revenue engine, lower household savings and a more hostile geopolitical environment separately in the past. But together, they threaten to undo the growth narrative on which today's optimism rests, warns Debashis Basu.
United States Senator Lindsey Graham on Sunday claimed that Indian Ambassador to the US Vinay Mohan Kwatra spoke to him last month about India buying less Russian oil and asked him to tell President Donald Trump to relieve the 25 per cent tariff.
'With the exception of any additional slot(s) allocated to a Member Association in accordance with Articles 3.4 and 3.5, Member Associations that fail to fulfil the Member Association Eligibility Criteria shall, subject to Article 4.4, be eligible to be allocated only indirect slots for the relevant AFC Club Competition.'
The top-tier ISL will feature 91 matches on a home-and-away basis.
Chinese Taipei's Lin Chun-Yi claimed his maiden Super 750 title in men's singles, while World No. 1 An Se Young of South Korea underlined her supremacy by securing the women's singles crown at the $950,000 India Open, in New Delhi, on Sunday.
Iran has formally appealed to the United Nations Security Council and the UN Secretary-General, accusing the United States of inciting violence, interfering in Iran's internal affairs, and threatening military action, according to an official letter circulated by Iran's Permanent Mission to the UN.
FC Goa players, including India captain Sandesh Jhingan, and support staff have accepted pay cut for the truncated ISL season starting on February 14.
'Social media and AI are tools; they can amplify, archive, and connect, but they cannot replace emotion, discipline, or the years of riyaaz that go into becoming a musician.'
Russia claims Ukraine launched a drone attack on President Putin's residence, which was thwarted. Russia warns of retaliation and accuses Ukraine of trying to derail peace talks.
The key question is how much of the latest growth record represents recovery from the 2020-2021 downturn, and what is the sustainable growth rate now, asks T N Ninan.
New Zealand has liberalised mobility provisions under the concluded trade pact, enabling Indian students to access longer post-study work visas and allowing 5,000 Indian professionals, including yoga instructors and chefs, to work in the Oceania country.
In their talks, Modi and Merz are likely to deliberate on trade and investment ties as New Delhi is looking at deepening economic engagement with Europe against the backdrop of Washington's 50 percent tariff on Indian goods, people familiar with the matter said.
After weeks of negotiations over seat-sharing, the Mahayuti alliance appears to have broken down ahead of municipal corporation elections in Latur and Jalna, with partners deciding to contest the January 15 polls independently.
Trump indicated that he could instead work with Maduro's vice president, Delcy Rodriguez, saying "she's essentially willing to do what we think is necessary to make Venezuela great again."
Trump's remarks came amid heightened US messaging about the Iran situation and a series of White House statements indicating that multiple options remain under review.
Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal on Thursday said he is not concerned about the rupee at all, arguing that even China and Japan witnessed exchange rate weaknesses during their high growth phases.
A 500 per cent tariff would effectively shut out India's goods and services exports to the US.
Practical tips on getting out of your head and back to your life!
IMAGES from Day 4 of the matches played at the Australian Open at Melbourne Park on Wednesday.
rediffGURU Dr Nagarajan JSK counsels a student on the possibilities and challenges of pursuing a medical residency in Germany.
The rupee plunged 26 paise to an all-time low of 90.75 against the US dollar in intra-day trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
The rupee recovered 55 paise from its all-time low level to close at 90.38 against the US dollar after a volatile trade on Wednesday, amid suspected aggressive central bank intervention.
The Congress on Wednesday termed Chinese claims of mediation between India and Pakistan concerning and said the people of India need clarity on the issue.
New Zealand has taken a binding commitment under its Free Trade Agreement (FTA) with India to amend its laws within 18 months of the pact's implementation to facilitate the geographical indication (GI) registration of Indian goods besides wines, and spirits in the island nation. The current GI law of New Zealand only allows India's wines and spirits to be registered.
'The tools of warfare are changing. The MoD must deepen its engagement with technology thinkers that can present compelling visions of where warfare may be heading.'
Let's acquaint you with Mumbai's picturesque slang.
13 clubs have confirmed for truncated ISL, AIFF hoping for Odisha FC to join: sources
State-owned Bharat Petroleum Corporation Ltd (BPCL) is willing to dilute a 30-40 per cent stake in its upcoming greenfield refinery in Andhra Pradesh, with Gulf energy major Saudi Aramco and upstream player Oil India Ltd (OIL) likely to join as partners, a senior BPCL executive said.
During the meeting, Zelenskyy said he pressed for long-term security guarantees extending over the next 50 years and clarified that any engagement with Russia would only be possible if President Trump and European leaders reached consensus on formalised documents.
India thus topped the list for a third consecutive year, something that might hurt its chances when the International Olympic Committee (IOC) evaluates its bid to host the 2036 Olympic Games in the near future.
United States representative Sydney Kamlager-Dove while talking about the famous car selfie of Prime Minister Narendra Modi with Russian President Vladimir Putin said that it spoke a thousand words.
Russian Foreign Minister Sergei Lavrov stated that Russia does not intend to attack Europe, but any attack on Russia would face a devastating response. He also accused the EU's 'war party' of hindering Ukraine peace efforts and pledged support for China on Taiwan.
When asked whether both armies talked to each other, initiated by the Pakistani army, Jaishankar said, "Yes, we have a mechanism to talk to each other as a hotline. So, on the 10th of May, it was the Pakistani army which sent a message that they were ready to stop firing, and we responded accordingly."
Putin argued that European countries are putting forward demands related to the conflict that Russia cannot accept. He further accused Europe of obstructing initiatives by the United States and President Donald Trump to pursue a negotiated settlement.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances