News for 'Department of Economic'

US Farm Distress Real Reason For Trump's Tariff Tantrums

US Farm Distress Real Reason For Trump's Tariff Tantrums

Rediff.com16 Sep 2025

'What the US appears to be doing is to force India to be "the buyer of last resort", on whom their products can be dumped, 1.4 billion people have to eat something, so why not eat American corn?' 'What is exercising the Trump lot is the fact that most of the farms are in solidly Republican Midwestern states: Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin,' points out Rajeev Srinivasan.

India projected to grow 6.4% in 2025 & 2026: IMF

India projected to grow 6.4% in 2025 & 2026: IMF

Rediff.com30 Jul 2025

India is projected to grow at 6.4 per cent in fiscal year 2025 and 2026, and the country's stable growth is driven by a reform momentum supporting robust consumption growth and a push for public investment, the International Monetary Fund has said. The IMF released its World Economic Outlook (WEO) Update on Tuesday.

The 25 Books Banned In Kashmir

The 25 Books Banned In Kashmir

Rediff.com8 Aug 2025

Bookstore owners were cautioned against keeping or distributing the books. Police personnel briefed the bookstore owners about the legal consequences of violating the ban.

'Trump frustrated with India trade talks, feels 25% tariff will fix issues'

'Trump frustrated with India trade talks, feels 25% tariff will fix issues'

Rediff.com31 Jul 2025

US President Donald Trump expresses frustration with the lack of progress in trade talks with India, imposing a 25% tariff. The move comes amid concerns over trade deficits and India's reliance on Russian military equipment and energy.

Pre-tariff rush to US lifts exports by 7% in July

Pre-tariff rush to US lifts exports by 7% in July

Rediff.com15 Aug 2025

India's goods exports rebounded in July after two months of contraction, with outbound shipments rising 7.3 per cent to $37.24 billion, led by a surge in exports to the United States before the country's reciprocal tariff kicked in and bolstered by a recovery in exports to other key markets.

Rare earth curbs to hit EV, RE, defence sectors

Rare earth curbs to hit EV, RE, defence sectors

Rediff.com28 Jun 2025

India's macroeconomic health is in a "relative goldilocks situation", and although the risk of higher landed oil prices, due to insurance cost surges and closure of choke points due to the brief Israel-Iran war, has receded, it is "too soon to sound the 'all clear' for the rest of the year", the Finance Ministry said on Friday.

Beginning Of The End For Trump?

Beginning Of The End For Trump?

Rediff.com16 Jul 2025

Unless Donald Trump takes a major U turn, this is possibly the beginning of the end for Trumpian politics, argues Colonel Anil A Athale (retd). Unless President Trump takes a major U turn, this is possibly the 'beginning of the end' for Trumpian politics driven by TV trp's, points out Colonel Anil A Athale (retd).

Shibu Soren cremated with state honors in native village

Shibu Soren cremated with state honors in native village

Rediff.com5 Aug 2025

Former Jharkhand Chief Minister Shibu Soren, a towering figure in the state's tribal movement, was cremated with full state honors in his native village of Nemra. Thousands gathered to pay their respects to the 'Dishom Guru,' including political leaders and villagers.

After NISAR mission, ISRO to launch 6,500 kg US satellite

After NISAR mission, ISRO to launch 6,500 kg US satellite

Rediff.com10 Aug 2025

ISRO to launch a 6,500 kg communication satellite built by the US, marking a significant milestone in the Indian space program after the successful launch of the NASA-ISRO NISAR mission.

'New Delhi Can Hobnob With Moscow And Beijing, But...'

'New Delhi Can Hobnob With Moscow And Beijing, But...'

Rediff.com1 Sep 2025

'...it should not delude itself into thinking that India's security or its great-power ambitions will be advanced by those partnerships.'
'Instead, what India should focus on is on riding out the next three-and-a-half years of Trump's presidency with minimal damage to itself.'

Analysts see further gains in LIC post strong Q1FY26 performance

Analysts see further gains in LIC post strong Q1FY26 performance

Rediff.com16 Aug 2025

Life Insurance Corporation of India (LIC) reported encouraging results for the April-June quarter (Q1) of FY26. The net premium income of India's largest life insurer was Rs 1.2 trillion, up 5 per cent year-on-year (Y-o-Y), in Q1. Renewal premium grew 6 per cent Y-o-Y to Rs 59,900 crore, while first-year and single premium grew 1 per cent and 4 per cent Y-o-Y respectively to Rs 7,500 crore and Rs 51,900 crore.

Govt's obesity combat plan: Display oil and sugar in snacks

Govt's obesity combat plan: Display oil and sugar in snacks

Rediff.com14 Jul 2025

The Union health ministry is urging all ministries and departments to display 'oil and sugar boards' in common areas to raise awareness about hidden fats and sugars in everyday foods and promote healthier lifestyles.

ED quizzes Robert Vadra for 5 hrs in Sanjay Bhandari case

ED quizzes Robert Vadra for 5 hrs in Sanjay Bhandari case

Rediff.com14 Jul 2025

Robert Vadra, husband of Priyanka Gandhi Vadra, appeared before the Enforcement Directorate for questioning in connection with the Sanjay Bhandari money laundering case.

2 Chinese arrested for smuggling 'biological pathogen' into US

2 Chinese arrested for smuggling 'biological pathogen' into US

Rediff.com4 Jun 2025

FBI director Kash Patel confirmed the arrest on X and called the case a "sobering reminder" that the CCP is working to deploy operatives and researchers to infiltrate American institutions and target the food supply in the US.

Public life likely to be hit as over 25 crore workers call 'Bharat Bandh' on Wednesday

Public life likely to be hit as over 25 crore workers call 'Bharat Bandh' on Wednesday

Rediff.com8 Jul 2025

More than 25 crore workers engaged in sectors ranging from banking, insurance, postal to coal mining, highway and construction are expected to go on a nationwide general strike on Wednesday, potentially disrupting services across the country. A forum of 10 central trade unions and their associates has called for a general strike or 'Bharat Bandh' to "oppose the anti-worker, anti-farmer and anti-national pro-corporate policies of the government".

Every Picture Tells A Story

Every Picture Tells A Story

Rediff.com26 Jul 2025

Glimpses from around the world that will make you smile and cry.

India's net direct tax receipts down 1.3%, corporate taxes slip 3.7%

India's net direct tax receipts down 1.3%, corporate taxes slip 3.7%

Rediff.com12 Jul 2025

India's net direct tax collections contracted 1.3 per cent to about 5.63 trillion as of July 10, with corporate taxes dropping 3.7 per cent and non-corporate taxes recording a fractional 0.04 per cent contraction, Income Tax department data released on Friday revealed.

'Dravidian South Was Cradle Of Early Urban Modernity'

'Dravidian South Was Cradle Of Early Urban Modernity'

Rediff.com21 Jul 2025

'At Keeladi, we have not come across any evidence for organised religion.'

Himachal: 2 brothers marry same woman as per tribal tradition

Himachal: 2 brothers marry same woman as per tribal tradition

Rediff.com20 Jul 2025

Two brothers from the Hatti tribe in Himachal Pradesh married one woman in a traditional polyandry ceremony, a practice still observed in some tribal communities to preserve land and family unity.

'My opponent is quintessential RSS man, I am far away from it'

'My opponent is quintessential RSS man, I am far away from it'

Rediff.com23 Aug 2025

'Earlier, we used to talk about a deficit economy. There is a deficit in democracy' 'If you read superficially Gandhi and Ambedkar and Nehru, some misconceptions and misunderstanding come to mind, as if they were at loggerheads and they differed radically in their views' 'India is one nation. There is only one citizenship. No citizenship for South India and no citizenship for North India and another for the Northeast'

Lightning: India's Deadliest Hazard

Lightning: India's Deadliest Hazard

Rediff.com19 Aug 2025

Lightning claims more lives in India annually than any other extreme weather event. Between April and July this year alone, 1,621 people died due to lightning strikes.

Digipin: Mapping Addresses Digitally

Digipin: Mapping Addresses Digitally

Rediff.com16 Jun 2025

Digipin promises to revolutionise location-based services in India with safeguards.

Trump administration uses India-Pak ceasefire to justify tariffs

Trump administration uses India-Pak ceasefire to justify tariffs

Rediff.com29 May 2025

Trump has repeatedly claimed that he "helped settle" the tensions between India and Pakistan and that he told the nuclear-armed South Asian neighbours that America would do a "lot of trade" with them if they stopped the conflict.

Pharma Inc hopes for fair deal as Donald Trump announces 25% tariffs

Pharma Inc hopes for fair deal as Donald Trump announces 25% tariffs

Rediff.com31 Jul 2025

India's pharmaceuticals and medical devices industries are still hopeful that trade negotiations with the US could cut a fairer deal for both sides, after President Donald Trump announced a 25 per cent tariff rate on India on a social networking platform without divulging the finer details.

US approves $22 million missile sale to Turkiye

US approves $22 million missile sale to Turkiye

Rediff.com15 May 2025

The United States State Department has authorised a Foreign Military Sales (FMS) case for Turkiye to purchase AIM-120C-8 Advanced Medium-Range Air-to-Air Missiles and related elements of logistics and program support for an estimated cost of $22 million.

Mukesh Ambani donates Rs 151 crore to his alma mater

Mukesh Ambani donates Rs 151 crore to his alma mater

Rediff.com7 Jun 2025

Reliance Industries chairman and managing director Mukesh Ambani announced an unconditional grant of Rs 151 crore to his alma mater the Institute of Chemical Technology, Mumbai. Ambani had graduated from ICT in the 1970s.

India's GDP growth revised downward to 6.3% for 2025

India's GDP growth revised downward to 6.3% for 2025

Rediff.com17 May 2025

India's economic growth forecast for 2025 has been revised downward to 6.3 per cent, and despite a projected moderation, the country remains one of the fastest-growing large economies, supported by resilient consumption and government spending, the United Nations has said.

150 locomotives with world-class amenities to be exported to Guinea

150 locomotives with world-class amenities to be exported to Guinea

Rediff.com20 Jun 2025

The Railway Ministry will deliver the advanced locomotives to the African nation over the next three years. Prime Minister Narendra Modi will flag off the first locomotive for export on Friday.

2 Indians killed, one abducted in terror attack in Niger

2 Indians killed, one abducted in terror attack in Niger

Rediff.com20 Jul 2025

In a heinous terror attack, two Indians were killed while one was abducted in the Dosso region of Niger, as noted by the Indian Embassy in Niger.

History In Minutes Panshet Dam Burst: Remembering 1,000 Deaths In Pune

History In Minutes Panshet Dam Burst: Remembering 1,000 Deaths In Pune

Rediff.com14 Jul 2025

64 years after the Panshet Dam burst claimed 1,000 lives, the tragedy stands as both a haunting memory and a vital lesson in engineering caution.

DU's Love Lessons Course For GenZ: Will You Enrol?

DU's Love Lessons Course For GenZ: Will You Enrol?

Rediff.com11 Jun 2025

In a first-of-its-kind move, Delhi University's course for Gen Z students promises to unpack the emotional landmines of dating in the age of Instagram, Tinder and instant swipes,

Amitabh Kant resigns as G20 Sherpa, to begin new chapter

Amitabh Kant resigns as G20 Sherpa, to begin new chapter

Rediff.com16 Jun 2025

Kant, a retired 1980-batch Indian Administrative Service (IAS) officer of Kerala cadre, was appointed as India's G20 Sherpa in July 2022, months before India assumed the G20 Presidency.

India's exports to US up 16.9%, imports dip 5.76% in May

India's exports to US up 16.9%, imports dip 5.76% in May

Rediff.com16 Jun 2025

India's merchandise exports to the US rose by 16.93 per cent to $8.83 billion in May, while imports dipped by 5.76 per cent to $3.62 billion during the month, according to the commerce ministry data. During April-May, the country's exports to the US increased by 21.78 per cent to $17.25 billion, while imports rose by 25.8 per cent to $8.87 billion, the data showed.

Afghanistan joins CPEC amid strengthening India-Kabul ties

Afghanistan joins CPEC amid strengthening India-Kabul ties

Rediff.com21 May 2025

The announcement on expansion of CPEC was made following a meeting among Chinese Foreign Minister Wang Yi, his Pakistani counterpart Ishaq Dar and Afghanistan's Acting Foreign Minister Amir Khan Muttaqi in Beijing, according to a Pakistani readout.

Remittance tax: Cost of sending money home to rise for Indians in US

Remittance tax: Cost of sending money home to rise for Indians in US

Rediff.com17 May 2025

In President Donald Trump's big priority bill, there is a proposal for a 5 percent excise tax on remittance transfers that would cover more than 40 million people, including those holding green cards and H1B visas.

Stalin Can Win 2026 Poll If...

Stalin Can Win 2026 Poll If...

Rediff.com18 Jul 2025

...the DMK chief minister's campaign -- which includes criticism of the BJP's 'pro-Hindutva, anti-Tamil, anti-federal' policies and building on his own government's social welfare programmes targeting especially women and youth -- appeals to Tamil Nadu's voters in next year's assembly election, explains N Sathiya Moorthy.

Stock Markets Shine Despite Weak Monsoon

Stock Markets Shine Despite Weak Monsoon

Rediff.com11 Jun 2025

Data since 2005 show that the five years with the highest rainfall saw average market returns of 8.98 per cent, while the five driest years returned 25.7 per cent on average.

'Declare Vizhinjam Shipwreck A National Disaster'

'Declare Vizhinjam Shipwreck A National Disaster'

Rediff.com6 Jun 2025

'It concerns the sea and the security of the nation. What has happened is a big tragedy.'

Is this why govt sacked Subramanian as IMF exec director?

Is this why govt sacked Subramanian as IMF exec director?

Rediff.com6 May 2025

The Congress party in India has accused the government of "impropriety" in the sudden termination of KV Subramanian's position as India's executive director at the IMF, alleging it was linked to the Union Bank of India's purchase of two lakh copies of his book. The party also questioned the government's stance on Pakistan's request for a loan from the IMF.

Rs 23K crore electronics PLI scheme set to be rolled out in 3 weeks

Rs 23K crore electronics PLI scheme set to be rolled out in 3 weeks

Rediff.com9 Apr 2025

The government on Tuesday notified the Rs 22,919 crore scheme to promote domestic manufacturing of electronics components, display and camera modules, non-surface mount devices, multi-layer printed circuit boards and lithium-ion cells for digital applications, among others. The scheme is likely to be operationalised in the next 2-3 weeks.