News for 'Current Account'

S&P: India to maintain robust 6.3% growth even with $130/barrel crude

S&P: India to maintain robust 6.3% growth even with $130/barrel crude

Rediff.com16 Apr 2026

S&P Global Ratings projects India's economy to grow at 6.3 per cent even if crude oil prices average USD 130 per barrel in the current fiscal year, highlighting the nation's resilience amidst the West Asia crisis and strong commitment to fiscal consolidation.

Tata Motors CV business pivots to logistics, mobility platforms for resilient growth

Tata Motors CV business pivots to logistics, mobility platforms for resilient growth

Rediff.com6 days ago

Tata Motors' commercial vehicle (CV) business is strategically repositioning itself from a traditional truck manufacturer to a comprehensive logistics and mobility platform, aiming to reduce dependence on cyclical vehicle demand by accelerating growth in digital, international, and services segments.

Equestrian Federation And Olympian Anush Agarwalla Clash Over Asian Games Selection Process

Equestrian Federation And Olympian Anush Agarwalla Clash Over Asian Games Selection Process

Rediff.com19 Jun 2026

Olympian dressage rider Anush Agarwalla and the Equestrian Federation of India (EFI) ad-hoc panel are engaged in a heated dispute over the selection process for the upcoming Asian Games. Agarwalla, a gold medallist and Paris Olympics representative, alleges a lack of transparency after being named a reserve member, while the EFI defends its process as compliant with selection criteria.

Don't Blindly Trust Your Form 16

Don't Blindly Trust Your Form 16

Rediff.com19 Jun 2026

Salaried taxpayers should not use these forms blindly to file their income-tax returns.

CAB power struggle: Ganguly camp fires back as Dalmiya raises corruption concerns

CAB power struggle: Ganguly camp fires back as Dalmiya raises corruption concerns

Rediff.com17 Jun 2026

The simmering tension between former Cricket Association of Bengal (CAB) president Avishek Dalmiya and the current Sourav Ganguly-led establishment came out into the open on Wednesday, with the state cricket body's top brass issuing a strongly-worded rebuttal to allegations of corruption and governance failures barely three months before its annual general meeting.

Borrowers Beware! How You Handle Money Now Decides Your Loan

Borrowers Beware! How You Handle Money Now Decides Your Loan

Rediff.com5 days ago

Lending is no longer just about what you've done. It is about how you manage money over time, says Mohit Jain, Co-founder, Finfinity.

'Biggest Single Danger Is If Remittances Come Down'

'Biggest Single Danger Is If Remittances Come Down'

Rediff.com13 May 2026

'At the first sign of real trouble, that money will move. There will be a run.'

Marc Faber: 'Indian Markets Can Go Down 20 Per Cent'

Marc Faber: 'Indian Markets Can Go Down 20 Per Cent'

Rediff.com7 days ago

'India has initiated a bear market and we will still go lower. It has nothing to do with the economy.'

5 dead, 20 rescued as under-construction warehouse collapses in Kolkata

5 dead, 20 rescued as under-construction warehouse collapses in Kolkata

Rediff.com5 days ago

A three-storey under-construction warehouse in Kolkata's Taratala area collapsed, killing three people and trapping several others. Rescue operations are ongoing, with 18 individuals already saved, amid allegations of substandard construction materials and illegal building practices.

Decentro Secures Key Licence For Global Payment Services

Decentro Secures Key Licence For Global Payment Services

Rediff.com1 Jun 2026

Fintech platform Decentro has received final approval for a Payment Service Provider (PSP) licence from the IFSCA at GIFT City, enhancing its cross-border payment capabilities.

Don't jeopardise Iran peace deal, Trump tells Israel after Beirut strikes

Don't jeopardise Iran peace deal, Trump tells Israel after Beirut strikes

Rediff.com14 Jun 2026

US President Donald Trump on Sunday said that the Israeli strikes on Lebanon's capital of Beirut "should not have happened", warning that such escalation could jeopardise the peace agreement with Iran to achieve a complete solution to the West Asia conflict, which, according to him, is within reach.

'Not justified': Jaishankar to Rubio on killing of 3 Indian sailors

'Not justified': Jaishankar to Rubio on killing of 3 Indian sailors

Rediff.com13 Jun 2026

External Affairs Minister S Jaishankar lodged a strong protest with US Secretary of State Marco Rubio over US Navy attacks in the Gulf that killed three Indian mariners. India also summoned the US Charge d'Affaires in New Delhi regarding the incident.

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.

Where Are India's Rich Investing Money?

Where Are India's Rich Investing Money?

Rediff.com18 Jun 2026

As the rupee weakens, wealthy families are accelerating investments in global assets.

'Modi's Concerned About India's Economic Vulnerabilities'

'Modi's Concerned About India's Economic Vulnerabilities'

Rediff.com14 May 2026

'...especially pressure on the rupee, the current account deficit, and foreign exchange outflows.' 'The key question over the next several months is whether the government can prevent external turbulence from feeding into domestic economic pessimism.'

9 Major Charges In Sebi's Rajesh Exports Order

9 Major Charges In Sebi's Rajesh Exports Order

Rediff.com4 Jun 2026

The company said Valcambi was the engine driving the group's business, but Valcambi's audited accounts showed revenues that were only a fraction of what the group reported. That raised a major red flag.

How can you curb rights of 150m Indians, court asks govt in Telegram case

How can you curb rights of 150m Indians, court asks govt in Telegram case

Rediff.com18 Jun 2026

The Delhi High Court has questioned the Centre's decision to temporarily restrict access to Telegram ahead of the NEET-UG 2026 re-examination, asking how the rights of 150 million users can be curtailed due to concerns over a few miscreants. The court reserved its verdict after hearing arguments from both sides.

Mercedes open to expanding plug-in hybrids for more models

Mercedes open to expanding plug-in hybrids for more models

Rediff.com18 Jun 2026

Mercedes-Benz India is exploring a larger role for plug-in hybrid electric vehicles (PHEVs) in its portfolio, with plans to potentially introduce the technology in more models beyond the newly launched S-Class plug-in hybrid. This strategy aims to cater to luxury car buyers who are hesitant about fully electric vehicles due to concerns over charging infrastructure and range.

RBI extends deadline for shifting of current accounts till Oct 31

RBI extends deadline for shifting of current accounts till Oct 31

Rediff.com5 Aug 2021

The Reserve Bank of India (RBI) on Wednesday gave banks time till October 31 to comply with its guidelines on current account and overdraft facilities. The central bank indicated that it was in no mood to change the proposed rules, but would only allow for stretching the timeline for smoother implementation. The initial deadline had ended on July 31, leading to thousands of current accounts being closed or frozen by banks. Lenders had requested the RBI for some more time to resolve the operational issues in implementing the provisions of the August 2020 circular in letter and spirit.

Delhi fire: Hotel owner was arrested for helping Bangladeshis get IDs

Delhi fire: Hotel owner was arrested for helping Bangladeshis get IDs

Rediff.com5 Jun 2026

The owner of the Malviya Nagar hotel, Lavkesh Bajaj, where a recent fire killed 21 people, was previously arrested for allegedly facilitating the illegal stay of Bangladesh nationals by helping them procure fraudulent Indian identity documents. Bajaj is currently in police custody as investigators probe the circumstances of the deadly blaze and search for other individuals linked to the hotel's management.

NDA ally SBSP seeks 32 seats in UP polls; BJP says....

NDA ally SBSP seeks 32 seats in UP polls; BJP says....

Rediff.com14 Jun 2026

The Suheldev Bharatiya Samaj Party, a constituent of the Bhaatiya Janata Party-led National Democratic Alliance, has staked claim to 32 seats for the 2027 Uttar Pradesh Assembly elections, with the aim to wrest the Samajwadi Party's stronghold of Azamgarh.

India Is Now A Reverse Goldilocks Economy

India Is Now A Reverse Goldilocks Economy

Rediff.com18 May 2026

India emerged reasonably well from 2025. But now, the oil shock and war-related supply disruptions have again driven funds out of India and significantly weakened the rupee, points out Ajay Chhibber.

Brazen Daylight Murder: Masked Gunmen Kill Pharmacy Cashier In Chandigarh

Brazen Daylight Murder: Masked Gunmen Kill Pharmacy Cashier In Chandigarh

Rediff.com13 Jun 2026

Two masked men shot dead a 45-year-old pharmacy cashier, Janki Das, in broad daylight in Chandigarh's Sector 11. The assailants fired multiple rounds before fleeing on a motorcycle with a third accomplice. Police are investigating all angles, including potential extortion or gangster involvement, though the shop owner reported no threats.

Why RBI Should Stop Defending Rupee

Why RBI Should Stop Defending Rupee

Rediff.com27 Apr 2026

The measures announced by it risk backfiring, disrupting the foreign exchange market, and intensifying the very pressures they seek to contain, with broader consequences for the economy points out Rajeswari Sengupta.

Aviation Stocks Soar on US-Iran Ceasefire, Oil Price Plunge

Aviation Stocks Soar on US-Iran Ceasefire, Oil Price Plunge

Rediff.com8 Apr 2026

Aviation stocks experienced a significant surge following the announcement of a two-week ceasefire between the US and Iran, which led to a sharp decline in crude oil prices. This development has positively impacted stock markets and the broader economic outlook for India.

India's Remittances Stay Strong Amidst West Asia Conflict

India's Remittances Stay Strong Amidst West Asia Conflict

Rediff.com18 Jun 2026

India's remittance inflows have remained robust despite the West Asia conflict, driven by precautionary transfers and diversification of remittance sources, with bankers expecting continued stability for the year.

Four Women Now Lead High Courts

Four Women Now Lead High Courts

Rediff.com6 Jun 2026

There has never been a woman Chief Justice of India, although Justice B V Nagarathna is expected to become the first -- in 2027 if the convention of seniority is followed.

Why Are Helmet Prices Rising Across India?

Why Are Helmet Prices Rising Across India?

Rediff.com10 Jun 2026

The start of the West Asia conflict has led to a sharp increase in crude-linked raw material prices, pushing up the price of helmets across the country.

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.

Aita Promises Player-Centric Approach, Transparent System

Aita Promises Player-Centric Approach, Transparent System

Rediff.com29 May 2026

The All India Tennis Association (AITA) leadership, led by President Chintan Parikh and Secretary General Sunder Iyer, has pledged to prioritise player welfare, transparent governance, and athlete representation if given a full term. They aim to transform Indian tennis by addressing past administrative issues and fostering a player-centric environment.

DMK MP Kanimozhi Slams State Over Law And Order After Minor Girl Assaulted In Tiruchy

DMK MP Kanimozhi Slams State Over Law And Order After Minor Girl Assaulted In Tiruchy

Rediff.com4 Jun 2026

A 43-year-old man has been arrested under the POCSO Act in Tiruchirapalli after a 14-year-old girl was found unconscious following an alleged abduction and sexual assault. The incident has sparked protests and drawn sharp criticism from DMK MP Kanimozhi regarding the state's law and order situation and women's safety.

New Army Chief Set To Accelerate Modernisation

New Army Chief Set To Accelerate Modernisation

Rediff.com15 Jun 2026

Lieutenant General Seth's involvement in the army's capability development and modernisation efforts is evident from the key appointments he has held in the Strategic Planning and Capability Development Directorates, including Colonel Capability Development for Mechanised Forces, Brigadier Perspective Plans and Acquisition, and Additional Director General Capability Development.

Ekta Kapoor:'You Can't Make A Business Out Of Doomscrolling'

Ekta Kapoor:'You Can't Make A Business Out Of Doomscrolling'

Rediff.com20 Jun 2026

'Of our population of 1.4 billion, 80 per cent are into doomscrolling.'

NTA dismisses claims of leak or sale of NEET UG re-exam paper

NTA dismisses claims of leak or sale of NEET UG re-exam paper

Rediff.com6 Jun 2026

The National Testing Agency (NTA) has strongly refuted social media claims regarding an alleged leak or sale of the NEET-UG 2026 re-examination question paper, labelling them as 'false, fraudulent, and intended to mislead' by 'organised cheating rackets'.

Court Orders Case Against Five Ballia Police Personnel For Intimidation

Court Orders Case Against Five Ballia Police Personnel For Intimidation

Rediff.com7 Jun 2026

Five police personnel, including two sub-inspectors, from Ballia's Bairia police station have been booked for criminal intimidation and intentional insult following a court order. The case stems from a complaint by a villager, Mahesh Kumar Ojha, who alleged police misconduct after he reported land encroachment.

Nomura lifts Nifty target to 25,900, citing robust earnings despite global risks

Nomura lifts Nifty target to 25,900, citing robust earnings despite global risks

Rediff.com3 Jun 2026

Nomura has increased its March 2027 target for the Nifty 50 to 25,900, driven by strong corporate earnings and attractive market valuations, even as risks from the West Asia conflict and high oil prices persist.

Rupee gains; current account deficit in check

Rupee gains; current account deficit in check

Rediff.com1 Oct 2013

The improvement in the current account deficit is expected to provide a major reprieve to the government and the Reserve Bank of India which have been battling to prop up the rupee.

4 Reasons Why Market Recovered After March Crash

4 Reasons Why Market Recovered After March Crash

Rediff.com22 May 2026

'Once the market decides it wants to go up, it goes up -- no amount of bad news can really hold it back.'

Second-round effects of supply shocks a real concern, says RBI governor

Second-round effects of supply shocks a real concern, says RBI governor

Rediff.com21 Apr 2026

Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that preventing second-round effects of supply shocks, where inflation expectations rise due to prolonged disruptions, is the primary role of monetary policy. He also defended the RBI's foreign exchange market interventions, asserting it did not commit to an 'indefensible peg'.

Man Alleges Extortion, Assault Over Stock Market Losses In Thane

Man Alleges Extortion, Assault Over Stock Market Losses In Thane

Rediff.com4 Jun 2026

A 41-year-old man in Thane has alleged that four individuals kidnapped him, assaulted him, and forced him to transfer Rs 47.25 lakh, blaming him for stock market losses incurred by their clients. The accused are middlemen who invested through the complainant.