News for 'Department of Economics'

Health Employee Charged For Using Forged Class 10 Certificate

Health Employee Charged For Using Forged Class 10 Certificate

Rediff.com2 hours ago

The Economic Offences Wing (EOW) of Crime Branch Jammu has filed a chargesheet against a health department employee, Sohan Lal Singh, for allegedly securing a government job as a dental assistant nearly two decades ago using a forged Class 10 certificate. The investigation revealed discrepancies in his educational records and date of birth, with evidence suggesting his deceased father procured the fraudulent documents.

India-US ties can shape 21st century, says Rubio

India-US ties can shape 21st century, says Rubio

Rediff.com3 days ago

US Secretary of State Marco Rubio has characterised the strategic alignment between India and the United States as "extraordinary", emphasising that both nations have an opportunity to shape the course of the 21st century through partnership.

Dalits forced to prostrate in TN over burial ground access

Dalits forced to prostrate in TN over burial ground access

Rediff.com10 Oct 2026

A shocking incident of alleged caste discrimination has emerged from Tamil Nadu's Erode district, where two Dalit men were reportedly forced to prostrate before dominant caste members.

Is India-US Trade Deal Near The Finish Line?

Is India-US Trade Deal Near The Finish Line?

Rediff.com15 Oct 2026

Marco Rubio will visit Mumbai and Jamnagar to discuss energy cooperation as S Jaishankar says India-US trade talks are nearing a landing point, with a few issues unresolved.

Cabinet approves Fairfax's Rs 52,878-cr bid for IDBI Bank; largest FDI ever in India's financial sector

Cabinet approves Fairfax's Rs 52,878-cr bid for IDBI Bank; largest FDI ever in India's financial sector

Rediff.com14 Oct 2026

The Indian Cabinet has approved Fairfax Financial Holdings' Rs 52,878 crore bid to acquire a 60.72 per cent stake in IDBI Bank, marking the country's largest foreign direct investment in the financial sector.

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.

Finance Ministry to begin pre-Budget meetings from Oct 12

Finance Ministry to begin pre-Budget meetings from Oct 12

Rediff.com23 Sep 2026

The Finance Ministry is set to commence its pre-budget meetings on October 12, initiating preparations for the Union Budget 2027-28, which will be the fourth budget of the Modi 3.0 government and the tenth for Finance Minister Nirmala Sitharaman.

Rubio's India Visit: The Russian Oil Factor

Rubio's India Visit: The Russian Oil Factor

Rediff.com5 days ago

US Secretary of State Marco Rubio's visit to India this week underscores the complex dynamics of global energy policy, as Washington re-evaluates sanctions on Russian oil buyers amidst India's continued reliance on Russian crude.

Russian diesel not for us, but for...: Trump amid criticism

Russian diesel not for us, but for...: Trump amid criticism

Rediff.com14 Oct 2026

US President Donald Trump has defended a controversial diesel deal with Russia, stating it aims to stabilise the global market despite bipartisan criticism from US lawmakers. The deal, which eases sanctions on Russian diesel shipments until April 2027, has been criticised as a "gift to our adversary" that finances Russia's war efforts and offers little relief to Americans.

IIT Bombay bars questions on caste, admission category, JEE ranks

IIT Bombay bars questions on caste, admission category, JEE ranks

Rediff.com15 Oct 2026

The Indian Institute of Technology (IIT) Bombay has released 'anti-discrimination guidelines' advising students, faculty, and staff against inquiring about birth, admission category, or entrance exam ranks to prevent bias. This move follows the suicide of student Sahil Wakode, whose parents alleged caste discrimination. The guidelines also prohibit hateful messages and aim to foster inclusivity on campus.

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.

Mithi desilting scam: Actor Dino Morea grilled for over six hours

Mithi desilting scam: Actor Dino Morea grilled for over six hours

Rediff.com2 Oct 2026

Bollywood actor Dino Morea was questioned by Mumbai police's Economic Offences Wing (EOW) for six hours regarding the alleged Rs 65 crore Mithi river desilting scam. The investigation focuses on financial irregularities in a Brihanmumbai Municipal Corporation (BMC) sanitation contract, where key accused allegedly siphoned off funds. Morea's name emerged due to communications and suspected financial transactions with one of the accused. Federal agencies, including the ED, are also probing the case for money laundering.

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.

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.

IIT Delhi Breakthrough: India's First Indigenous Micro-GPU Designed

IIT Delhi Breakthrough: India's First Indigenous Micro-GPU Designed

Rediff.com24 Sep 2026

Researchers at IIT Delhi have successfully designed India's first working indigenous micro Graphics Processing Unit (GPU). This significant development aims to reduce the country's reliance on imported GPUs, which are crucial for AI, Machine Learning, and various embedded applications, and could help bridge the digital divide.

Soaring Iran war bill: How much has the US spent so far?

Soaring Iran war bill: How much has the US spent so far?

Rediff.com20 Sep 2026

The ongoing US conflict with Iran has cost the Trump administration an estimated $45.1 billion, according to a Pentagon estimate provided to the US Congress on Friday, CNN reported, citing two sources familiar with the matter.

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."

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.

Jaishankar meets Rubio at UNGA, shares concerns on sanctions bill

Jaishankar meets Rubio at UNGA, shares concerns on sanctions bill

Rediff.com23 Sep 2026

External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio on the sidelines of the UN General Assembly session in New York. India raised its concerns regarding the recently signed "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026," which authorises tariffs on countries buying Russian oil and gas. Both leaders also discussed bilateral relations, regional priorities, and the situations in the Gulf and Ukraine.

My Twin Won Gold, Silver, Bronze And Broke A Record

My Twin Won Gold, Silver, Bronze And Broke A Record

Rediff.com7 Oct 2026

Vithya Ramraj won three medals at the Asian Games and broke P T Usha's 42-year-old record. Her twin Nithya, an international athlete herself, ruled out of the Games by an injury, looks back at their journey from a rented home to a podium finish.

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.

CBIC plans wider AI use, unified portal to ease Customs compliance: Chairman

CBIC plans wider AI use, unified portal to ease Customs compliance: Chairman

Rediff.com17 Sep 2026

The Central Board of Indirect Taxes and Customs (CBIC) is set to significantly increase its use of artificial intelligence (AI), machine learning (ML), and real-time analytics in Customs processes, aiming for a near-touchless, near-digital clearance experience, according to Chairman Vivek Chaturvedi.

'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.'

Build Cities Around Women's Safety

Build Cities Around Women's Safety

Rediff.com17 Sep 2026

'It is not about a place with fewer incidents of violence but a city where women have real agency in planning their daily lives.'

AI Can Disrupt Jobs, Not Doom Humanity

AI Can Disrupt Jobs, Not Doom Humanity

Rediff.com30 Sep 2026

'My biggest fear about AI is that humans are going to rush to deploy it before AI is ready.'

PM Modi Calls For Unified Global Action Against Cyber Frauds And Deepfakes

PM Modi Calls For Unified Global Action Against Cyber Frauds And Deepfakes

Rediff.com8 Oct 2026

Prime Minister Narendra Modi has urged for a global framework to combat cross-border cyber frauds and deepfakes, highlighting the need for governments, tech companies, telecom operators, and financial institutions to collaborate. Speaking at the India Mobile Congress 2026, Modi stressed that technology thrives on trust and that India is ready to share its expertise in tackling cyber threats. He also noted the rapid expansion of 5G and the success of digital governance initiatives like Direct Benefit Transfer.

4 India-based companies face US sanctions over Iran trade

4 India-based companies face US sanctions over Iran trade

Rediff.com25 Aug 2026

The United States has sanctioned four India-based companies, including a customs broker and three other firms, for their involvement in importing petroleum and petrochemical products from Iran. This action is part of "Operation Economic Outcast," a broader US campaign to sever Iran's financial lifelines and prevent funding for its destabilising activities.

Leaked images show damaged US bases in Iranian strikes

Leaked images show damaged US bases in Iranian strikes

Rediff.com17 Sep 2026

New photographic evidence and a Pentagon inspector general's report confirm extensive damage to US military installations across the Middle East due to Iranian missile and drone strikes. The report details billions in financial costs, structural losses to hundreds of buildings, and damage to dozens of aircraft, contradicting previous assertions about US military readiness and ordnance stockpiles. The conflict also led to disruptions in the Strait of Hormuz, impacting global oil prices.

West Bengal Launches Quantum And Semiconductor Tech Section To Attract Investments

West Bengal Launches Quantum And Semiconductor Tech Section To Attract Investments

Rediff.com14 Sep 2026

West Bengal has launched an Emerging Quantum and Semiconductor Technologies (EQST) section at CSIR-CGCRI to attract investments and position the state as a hub for next-generation technology. Minister Kalyan Chakraborti highlighted India's need to invest in these crucial sectors and outlined the state's plans to collaborate with institutions and leverage budget initiatives to foster research and start-ups.

4th coal mine near MP's tiger corridor gets green nod

4th coal mine near MP's tiger corridor gets green nod

Rediff.com23 Sep 2026

The Union environment ministry's expert panel has approved a fourth underground coal mining project in Madhya Pradesh's Umaria district, close to the vital Bandhavgarh-Achanakmar tiger corridor. These clearances, granted since July, raise concerns about biodiversity and tiger movement, despite conditions for wildlife conservation plans and compensatory afforestation. The projects involve significant forest land diversion and pose risks like land subsidence and habitat disturbance for Schedule-I species.

Article 370 to 'vote chori': When Gyanesh Kumar made headlines

Article 370 to 'vote chori': When Gyanesh Kumar made headlines

Rediff.com23 Sep 2026

Chief Election Commissioner Gyanesh Kumar is facing significant scrutiny after an investigation revealed objections from his fellow election commissioners, Sukhbir Singh Sandhu and Vivek Joshi, regarding decisions made during the Special Intensive Revision of voter lists. The objections, reportedly made at least 14 times, concerned issues like changes to voter registration forms and centralised control over electoral roll databases, intensifying criticism of Kumar's tenure and the EC's impartiality.

Iran attacks US bases after attack on its Larak Island

Iran attacks US bases after attack on its Larak Island

Rediff.com31 Aug 2026

The United States launched military action against two Iranian launch systems on Larak Island, prompting Iran to claim retaliation with ballistic missile launches targeting two US air bases in Jordan.

Vijay opens Mettur gates, Cauvery water flows to delta fields amid scanty rain

Vijay opens Mettur gates, Cauvery water flows to delta fields amid scanty rain

Rediff.com1 Sep 2026

Tamil Nadu Chief Minister C Joseph Vijay opened the sluices of the Stanley Reservoir in Mettur on Tuesday for irrigation in the Cauvery delta districts.

Governor Yadav Champions Drone Tech For Nagaland's Youth

Governor Yadav Champions Drone Tech For Nagaland's Youth

Rediff.com7 Sep 2026

Nagaland Governor Nand Kishore Yadav has advocated for increased use of technology, especially drones and geospatial systems, to enhance governance and create employment opportunities for the state's youth. During his visit to the Nagaland GIS and Remote Sensing Centre and Drone Centre of Excellence, he highlighted the broad applications of drone technology and the importance of skill development. The centre is actively training youth in various drone-related courses, aiming to meet the demand for drone pilots in the Northeast.

UK Boosts Maritime Ties With US Torpedo Test

UK Boosts Maritime Ties With US Torpedo Test

Rediff.com22 Sep 2026

The UK has successfully test-fired a US torpedo from an undersea drone, marking a significant advancement in submarine technology for the AUKUS partners (UK, US, Australia). This development coincides with Prime Minister Andy Burnham's visit to the UN General Assembly, where he is discussing global challenges like AI, the Ukraine conflict, and West Asia security with international leaders, and announced the UK will host the G20 Leaders' Summit in Manchester next November.

Why 9/11 Still Matters

Why 9/11 Still Matters

Rediff.com11 Sep 2026

On the 25th anniversary of that world-changing morning in New York, it is also for the rest of to reflect. Not only on those who were killed but also on why the event happened and what led to it and what came after it, asserts Aakar Patel.

India Rejects US Influence Claims Over UPI MDR Policy

India Rejects US Influence Claims Over UPI MDR Policy

Rediff.com17 Sep 2026

The Finance Ministry has dismissed allegations of US pressure influencing the 0.4% Merchant Discount Rate (MDR) on select UPI transactions. It clarified that NPCI guidelines prioritise RuPay credit cards on UPI and do not favour international cards. The ministry also asserted that the MDR, applicable to person-to-merchant transactions above Rs 2,000, is unlikely to increase cash transactions or cause inflation, with measures in place to prevent burdening consumers.

FY28 Budget Work Starts Early

FY28 Budget Work Starts Early

Rediff.com5 Sep 2026

The Centre has spent 28 per cent of its FY27 capital expenditure budget of Rs 12.21 trillion in the first three months against around 24.5 per cent during the corresponding period a year ago.

No more military strikes on Iran, Rubio informs US allies

No more military strikes on Iran, Rubio informs US allies

Rediff.com26 Aug 2026

The US has informed allies it will avoid new military strikes on Iran, instead focusing on economic sanctions and maritime enforcement, particularly in the Strait of Hormuz. This strategic shift aims to intensify pressure on Tehran's economy and oil exports while keeping the military option open if Iran initiates aggression. Diplomatic efforts continue amidst persistent regional tensions and maritime incidents.

Trump adopts 'low-key' approach towards Iran, no new strikes planned

Trump adopts 'low-key' approach towards Iran, no new strikes planned

Rediff.com10 Aug 2026

US President Donald Trump stated that the United States is taking a "low-key" approach towards Iran, focusing on economic pressure rather than military action, amidst ongoing tensions over the Strait of Hormuz. Trump highlighted Iran's worsening economic situation and the impact of the US naval blockade, while negotiations for reopening the Strait remain stalled due to new conditions from Tehran.