News for 'Department of Economics'

Is India Still Buying Russian Oil?

Is India Still Buying Russian Oil?

Rediff.com17 Dec 2025

Indian private sector and State-run refiners continued to receive crude oil from Russian suppliers even after November 21 -- the winding-down date for US sanctions on supplies from leading Russian oil producers imposed in October -- as new intermediaries sprung up in West Asia to sell the oil, according to senior refining sources and ship tracking data.

FATF lauds India's ED as model asset recovery agency

FATF lauds India's ED as model asset recovery agency

Rediff.com11 Nov 2025

In its report, 'Asset Recovery Guidance and Best Practices', the global money laundering and terrorist financing watchdog, shared multiple examples from cases investigated by the ED, citing them as models of effective asset recovery practice and inter-agency coordination.

Inefficiency in MFIs leads to high interest rates: DFS secretary M Nagaraju

Inefficiency in MFIs leads to high interest rates: DFS secretary M Nagaraju

Rediff.com14 Nov 2025

The reduction in the number of loan accounts and the outstanding amount during the last financial year is a cause of concern and stress for microfinance institutions (MFI), Secretary, Department of Financial Services, M Nagaraju said on Thursday, highlighting "inefficiency" in MFIs that leads to higher rates of interest.

India, Canada unveil roadmap to revive ties

India, Canada unveil roadmap to revive ties

Rediff.com13 Oct 2025

India and Canada have unveiled a roadmap to boost cooperation in trade, critical minerals, and energy, signaling efforts to rebuild strained relations following the killing of a Sikh separatist in 2023. Discussions include addressing concerns over pro-Khalistan elements and pursuing a balanced partnership.

India's NCDEX eyes 20% stake in Sri Lanka's first commodity exchange

India's NCDEX eyes 20% stake in Sri Lanka's first commodity exchange

Rediff.com17 Nov 2025

India's leading agriculture commodity exchange, the National Commodity & Derivatives Exchange (NCDEX), has decided to acquire around a 20 per cent stake in a new commodities and financial derivatives exchange being set up in Sri Lanka, subject to regulatory and governmental approvals. The move aims to deepen NCDEX's footprint in the financial ecosystem of its neighbouring country.

'Trump Acts Like A Mafia Boss'

'Trump Acts Like A Mafia Boss'

Rediff.com27 Sep 2025

'He is creating a culture of fear.'

MCA Rethinks PM Internship Scheme

MCA Rethinks PM Internship Scheme

Rediff.com17 Nov 2025

With less than six months left for this financial year and poor response from applicants, launching the scheme this year is unlikely.

'Goa Nightclub Fire Was Murder!'

'Goa Nightclub Fire Was Murder!'

Rediff.com9 Dec 2025

'When an establishment operates despite demolition or closure orders, without proper fire exits, evacuation plans or safety audits, and yet is allowed to host large crowds, the state cannot hide behind the language of accident.' 'The authorities were aware of the risks and of the violations, but chose not to act decisively because doing so would have inconvenienced those with influence and financial stakes.' 'In such a scenario, the moral and legal responsibility for the resulting deaths moves from negligence towards culpability; calling it 'murder' is a way of underlining that these lives were sacrificed at the altar of greed and complicity, not fate.'

Explained: Trump's H1 Order Decoded

Explained: Trump's H1 Order Decoded

Rediff.com14 Oct 2025

A deep dive into Trump's new policy and what it means for Indian professionals and companies.

Will Xi Jinping's Enemies Stage A Coup?

Will Xi Jinping's Enemies Stage A Coup?

Rediff.com27 Nov 2025

If Xi Jinping is dethroned in the future, the instrument for that may well be embedded within the PLA, notes former foreign secretary Shyam Saran.

'Kerala Has Done Very Well In Eradicating Poverty'

'Kerala Has Done Very Well In Eradicating Poverty'

Rediff.com26 Nov 2025

'Poverty eradication is a continuous process. There is no full stop to it.'

'India Reasserting Control Over Digital Economy'

'India Reasserting Control Over Digital Economy'

Rediff.com13 Nov 2025

'What we are seeing today is India stepping into its digital confidence, not as a follower but a leader.'

US ends automatic work permit extensions for foreigners, Indians to be hit

US ends automatic work permit extensions for foreigners, Indians to be hit

Rediff.com31 Oct 2025

As per the new rule, foreigners who file to renew their EAD on or after October 30, 2025, will no longer receive an automatic extension, the DHS said in a news release.

Kashi Dazzles With Over 2,600,000 Diyas

Kashi Dazzles With Over 2,600,000 Diyas

Rediff.com6 Nov 2025

Once a quiet riverside ritual, Dev Deepawali has evolved into UP's largest soft-power spectacle -- merging faith, art, enterprise into a global cultural brand that reflects state's growing confidence.

Sergio Gor, Agrawal Talk Trade Deal

Sergio Gor, Agrawal Talk Trade Deal

Rediff.com13 Oct 2025

While both sides have announced the decision to restart talks for a trade deal, government officials said discussions are continuing virtually.

Ex-Sri Lankan president Ranil Wickremesinghe arrested

Ex-Sri Lankan president Ranil Wickremesinghe arrested

Rediff.com22 Aug 2025

Wickremesinghe, 76, was arrested at the Criminal Investigation Department (CID) headquarters, where he was summoned to record a statement in connection with an investigation into the alleged misuse of government funds, police said.

Reliance on MNCs for strategic audits and consulting must be reduced: MCA

Reliance on MNCs for strategic audits and consulting must be reduced: MCA

Rediff.com25 Sep 2025

India needs to limit its reliance on multinational corporations (MNCs) for strategic audits and consulting in order to strengthen its economic sovereignty and achieve the goal of Atmanirbhar Bharat, the Ministry of Corporate Affairs (MCA) said in an office memorandum released on Wednesday.

India suspends postal services to US amid new customs rules

India suspends postal services to US amid new customs rules

Rediff.com23 Aug 2025

Under an Executive Order issued by the US administration on July 30, 2025, goods valued above USD 100 will be subject to customs duties in America with effect from August 29 onwards.

Nitish Kumar's Education Reforms: Top Grades Then Slide

Nitish Kumar's Education Reforms: Top Grades Then Slide

Rediff.com3 Nov 2025

The story of Bihar's educational reform is a lesson for all reforms done halfway.

Jolt to Ukraine peace as Putin-Trump meet likely to be stalled

Jolt to Ukraine peace as Putin-Trump meet likely to be stalled

Rediff.com21 Oct 2025

This comes despite Russia on Monday stating that Lavrov and Rubio held a "constructive" conversation as part of preparations for the meeting between their two presidents in Budapest, Hungary, Russian media has reported.

Modi's first Manipur visit since 2023 violence likely on Sep 13

Modi's first Manipur visit since 2023 violence likely on Sep 13

Rediff.com2 Sep 2025

Prime Minister Narendra Modi is likely to visit Mizoram and Manipur on September 13. He will inaugurate the new Bairabi-Sairang railway in Mizoram and may visit Manipur for the first time since the ethnic violence broke out.

Trump Meets His Kejriwal in Zohran Mamdani

Trump Meets His Kejriwal in Zohran Mamdani

Rediff.com7 Nov 2025

The mass of voters chose Kejriwal and Mamdani for the simple reason that they were sick and tired of the stale promises and repetitive speeches belted out for long by mainstream political personalities, notes M R Narayan Swamy.

Setback for India? US revokes sanctions waiver for Chabahar port

Setback for India? US revokes sanctions waiver for Chabahar port

Rediff.com19 Sep 2025

India has said it will take all steps to protect its national interests and ensure comprehensive national security in all domains after Pakistan and Saudi Arabia signed a strategic defence pact.

50 Mn To 100 Mn Indians Suffer From Long Covid

50 Mn To 100 Mn Indians Suffer From Long Covid

Rediff.com2 Dec 2025

Even by conservative assumptions that 5 to 10 per cent of infected individuals develop long Covid, India today may be home to 50 to 100 million infected individuals -- many silently coping with breathlessness, fatigue, palpitations, brain fog, or unexplained clotting tendencies.

Antwerp court clears fugitive jeweller Mehul Choksi's extradition

Antwerp court clears fugitive jeweller Mehul Choksi's extradition

Rediff.com18 Oct 2025

A court in Antwerp on Friday cleared the extradition of fugitive diamantaire Mehul Choksi, noting that his arrest by the Belgian authorities on India's request was valid, officials in the know of the development said.

'We Carried BJP to Power, Now They Crush Us'

'We Carried BJP to Power, Now They Crush Us'

Rediff.com19 Nov 2025

'If all of us (all the 57 Shiv Sena MLAs) stand together we can change the dynamic. We are not afraid of anyone.'

UK Opens Up For Indian Students

UK Opens Up For Indian Students

Rediff.com8 Oct 2025

'Initiatives such as the Young Professionals Scheme also offer young graduates the chance to live and work in the UK after gaining experience.'

Abuse of H-1B programme national security threat: Trump

Abuse of H-1B programme national security threat: Trump

Rediff.com20 Sep 2025

US President Donald Trump signed a proclamation restricting entry of certain non-immigrant workers and imposing a USD 100,000 fee on H-1B visas, citing abuse of the program and national security concerns.

Why Trump Has Waged A Tariff War Against India

Why Trump Has Waged A Tariff War Against India

Rediff.com19 Sep 2025

The collective West has always opposed strong leaders and economic development in India, asserts Colonel Anil A Athale (retd).

Trump admin faces lawsuit over H-1B visa fee hike

Trump admin faces lawsuit over H-1B visa fee hike

Rediff.com17 Oct 2025

The US Chamber of Commerce has filed a lawsuit against the Trump administration's decision to impose a USD 100,000 fee on new H-1B visa petitions, arguing it harms American innovation and competitiveness.

There is more room for monetary policy easing, says Finance Ministry

There is more room for monetary policy easing, says Finance Ministry

Rediff.com29 Jul 2025

With inflation comfortably below the Reserve Bank of India's (RBI's) 4 per cent median target and likely to undershoot its 3.7 per cent projection for 2025-26 (FY26), there is room for the monetary policy easing cycle to be sustained, the Finance Ministry said on Monday. The comments, featured in the ministry's Monthly Economic Review for June 2025, assume significance ahead of the Monetary Policy Committee (MPC) meeting of the Reserve Bank of India (RBI) scheduled to begin from August 5.

No USAID funding of $21mn voter turnout in India: Govt

No USAID funding of $21mn voter turnout in India: Govt

Rediff.com22 Aug 2025

On July 2, the US Embassy shared data that "it said covered USAID funding in India from 2014 to 2024", including details of implementing partners, objectives, and key accomplishments of each activity undertaken, he said.

Jane Street Now Under CBDT Scanner

Jane Street Now Under CBDT Scanner

Rediff.com24 Sep 2025

The CBDT is investigating Jane Street for possibly misusing the India-Singapore tax treaty.

Two Chinese ministers attend India's I-Day reception in Beijing

Two Chinese ministers attend India's I-Day reception in Beijing

Rediff.com15 Aug 2025

Two senior Chinese ministers attended India's Independence Day reception in Beijing, signaling a potential improvement in relations ahead of Prime Minister Modi's expected visit to China for the Shanghai Cooperation Organisation summit.

Adityanath an 'infiltrator', send him back to Uttarakhand: Akhilesh

Adityanath an 'infiltrator', send him back to Uttarakhand: Akhilesh

Rediff.com12 Oct 2025

Samajwadi Party chief Akhilesh Yadav likened Uttar Pradesh Chief Minister Yogi Adityanath to an infiltrator, saying he is from Uttarakhand and should be sent back to the state. Yadav also criticized the BJP's governance and alleged injustices against Dalits and backward communities.

Look Out Notice For Shilpa Shetty, Raj Kundra

Look Out Notice For Shilpa Shetty, Raj Kundra

Rediff.com5 Sep 2025

The Lookout Circular was issued by the city police's economic offences wing as the couple makes frequent international trips

Tourist Footfalls Drop Across J&K, Ladakh

Tourist Footfalls Drop Across J&K, Ladakh

Rediff.com14 Oct 2025

'The Pahalgam terror attacks and the conflict that followed were a big blow to local tourism.' 'And just when things were starting to go back to normal, the floods, caused by heavy rain, spoiled all chances of a bounce-back this season.'

Private capex likely to rise 21.5% to Rs 2.67 lakh crore in FY26

Private capex likely to rise 21.5% to Rs 2.67 lakh crore in FY26

Rediff.com1 Sep 2025

Capital investment by the private sector is likely to rise 21.5 per cent to Rs 2.67 lakh crore in 2025-26 aided by robust macroeconomic fundamentals, and a 100-bps policy rate cut, according to an RBI article. Despite global uncertainties, Indian firms entered the 2025-26 fiscal year with healthier balance sheets, higher cash buffer, improved profitability, and greater access to diversified funding sources, said the article 'Private Corporate Investment: Growth in 2024-25 and Outlook for 2025-26' published in the Reserve Bank of India's (RBI's) August bulletin.

Peace is an illusion, India must be prepared: Rajnath Singh

Peace is an illusion, India must be prepared: Rajnath Singh

Rediff.com7 Jul 2025

Defence Minister Rajnath Singh emphasizes the need for India to remain prepared for uncertainty, even during peacetime, and highlights the increasing importance of the defence sector as an economic driver.

Mehul Choksi extradition: India assures Belgium on prison conditions

Mehul Choksi extradition: India assures Belgium on prison conditions

Rediff.com9 Sep 2025

The Indian government has provided assurances to Belgian authorities regarding the prison conditions awaiting Mehul Choksi if he is extradited. The details focus on meeting European standards for humane treatment and addressing concerns about overcrowding and solitary confinement.