News for 'Department of Economics'

West Asia Crisis May Hit FY27 Fiscal Deficit

West Asia Crisis May Hit FY27 Fiscal Deficit

Rediff.com18 Aug 2026

The fiscal consolidation path and Rs 1 trillion stabilisation fund provide room to absorb mild shocks, but sustained oil-price increases pose risks.

Why ISRO Staff Are Worried About ISRO's Future

Why ISRO Staff Are Worried About ISRO's Future

Rediff.com7 Sep 2026

A rocket designed and developed by ISRO is being transferred to industry for production.
Nine ISRO associations want to know whether this is simply an effort to expand India's industrial capacity or part of a larger policy under which ISRO itself will eventually withdraw from rocket manufacturing.

'Ashamed' Gadkari won't attend Mumbai-Goa highway opening

'Ashamed' Gadkari won't attend Mumbai-Goa highway opening

Rediff.com10 Sep 2026

Union Minister Nitin Gadkari has expressed his determination to blacklist contractors and suspend officials responsible for delays and shoddy execution of infrastructure projects. He plans to personally inspect the delayed Mumbai-Goa Highway in October and urged the Goa government to develop roadside amenities and promote green initiatives along the route. Gadkari also highlighted the importance of infrastructure for economic growth and sustainable development.

US C-17 military plane lands in Moscow amid airspace curbs, mission unclear

US C-17 military plane lands in Moscow amid airspace curbs, mission unclear

Rediff.com25 Aug 2026

An American Boeing C-17A Globemaster III military transport aircraft reportedly landed in Moscow on Monday morning, according to online air traffic monitoring systems, Russian news agency TASS reported.

UPI fee: Why govt is putting a price on big merchant payments

UPI fee: Why govt is putting a price on big merchant payments

Rediff.com16 Sep 2026

The National Payments Corporation of India (NPCI) stated that the Merchant Discount Rate (MDR) "is distributed only amongst the UPI ecosystem, to further invest into infrastructure resilience, innovation, cybersecurity (protecting the UPI infrastructure with banks and non-banks) and customer service."

New UPI Charges: Understanding The Impact On Digital Payments

New UPI Charges: Understanding The Impact On Digital Payments

Rediff.com16 Sep 2026

The government is introducing a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000, effective October 15. This move ends the zero-MDR regime, aiming to fund UPI infrastructure and sustainability, as the previous government subsidy was insufficient to cover operational costs. Payments between individuals and most everyday merchant transactions will remain free.

No tolerance for abusive remarks against women, CM Vijay warns Oppn

No tolerance for abusive remarks against women, CM Vijay warns Oppn

Rediff.com7 Sep 2026

Tamil Nadu Chief Minister C Joseph Vijay issued a stern warning against personal attacks, double-meaning insults, and derogatory language targeting women, particularly in political discourse. Speaking in the Assembly, he recalled past humiliations faced by late CM J Jayalalithaa and condemned recent incidents involving women personalities, stressing that such behaviour would face immediate legal consequences. He also outlined his administration's vision for public security and zero-tolerance against crime.

India Calls For BRICS Partnership In Digital Public Infrastructure And Telecom Standards

India Calls For BRICS Partnership In Digital Public Infrastructure And Telecom Standards

Rediff.com20 Aug 2026

Minister of State for Telecom Chandra Sekhar Pemmasani urged BRICS nations to collaborate on building institutional capacity and advocating for fair standards in international telecom and ICT bodies. He highlighted India's willingness to share its modular, open-source digital public infrastructure frameworks like Aadhaar and DigiLocker, emphasising their role in sustainable development and economic growth across the Global South.

Israel could 'cease to exist': Russian general's warning

Israel could 'cease to exist': Russian general's warning

Rediff.com19 Aug 2026

Lieutenant General Apti Alaudinov, deputy chief of the Russian Armed Forces' Main Military-Political Department, has warned that the escalating conflict in West Asia could lead to Israel ceasing to exist as a state, accusing Israel of seeking to widen the confrontation to involve the US and NATO.

Bullion set to shine next week as traders await US inflation data, Fed signals

Bullion set to shine next week as traders await US inflation data, Fed signals

Rediff.com23 Aug 2026

Gold and silver prices are expected to continue their upward trend next week, driven by anticipation of key US inflation data and Federal Reserve signals, though profit-booking may occur at higher levels.

Financial Sector Can't Wait for AI Risks to Emerge, Says CEA

Financial Sector Can't Wait for AI Risks to Emerge, Says CEA

Rediff.com8 Aug 2026

Chief Economic Advisor V Anantha Nageswaran has stressed the urgent need for India's financial sector to proactively address the safety and security risks of artificial intelligence, stating that waiting for problems to materialise is not an option.

India's Trade Deficit Widens to $31.98 Billion in July Amid Import Surge

India's Trade Deficit Widens to $31.98 Billion in July Amid Import Surge

Rediff.com14 Aug 2026

India's trade deficit reached a six-month high of $31.98 billion in July, driven by a sharp increase in imports, particularly crude oil, electronic goods, coal, and fertilisers. Both merchandise exports and imports recorded their second-highest levels during the same period.

India sees Rs 4,896 crore FDI in 29 projects after easing China stake norms

India sees Rs 4,896 crore FDI in 29 projects after easing China stake norms

Rediff.com22 Aug 2026

India has attracted foreign direct investment (FDI) worth approximately 4,896 crore across 29 projects since May, following the government's relaxation of norms under Press Note 2 of 2026. The revised rules permit investment without government approval from entities with up to 10 per cent non-controlling ownership by land-bordering countries.

17 Years On, Sri Lanka's Missing Haunts Families

17 Years On, Sri Lanka's Missing Haunts Families

Rediff.com2 Sep 2026

Many women admit that while they keep clamouring to know the whereabouts of their disappeared family members, they are painfully aware that all of them may have been done to death, points out M R Narayan Swamy.

Indian billionaire Lakshmi Mittal's Ukraine steel plant hit in Russian strike, 2 killed

Indian billionaire Lakshmi Mittal's Ukraine steel plant hit in Russian strike, 2 killed

Rediff.com17 Aug 2026

A Russian missile strike on the ArcelorMittal steel plant in Kryvyi Rih, Ukraine, has resulted in two fatalities and 13 injuries. The attack partially disrupted operations at the country's largest steelworks, owned by Indian billionaire Lakshmi Mittal, damaging key energy and blast furnace facilities. Search and rescue efforts are underway, and the extent of the damage is being assessed.

Misri holds key talks in Beijing, reviews India-China relations

Misri holds key talks in Beijing, reviews India-China relations

Rediff.com28 Jul 2026

Foreign Secretary Vikram Misri held extensive discussions with China's Vice Foreign Minister Hua Chunying and other senior officials in Beijing, reviewing bilateral relations, trade, cultural exchanges, and emphasising peace and tranquillity in border areas. His visit aims to advance the vision of both nations as development partners.

Let's Not Get Flattered By Sergei Gor's Kashmir Remarks

Let's Not Get Flattered By Sergei Gor's Kashmir Remarks

Rediff.com20 Aug 2026

New Delhi must look for formal, institutional statements issued directly from Washington rather than rely on casual pronouncements meant for local audiences, notes Ambassador Rajasekhar.

SHANTI Rules Boost Nuclear Investment

SHANTI Rules Boost Nuclear Investment

Rediff.com24 Aug 2026

The rules require nuclear plant operators to maintain an insurance policy, financial security or a combination of both to cover civil liability for nuclear damage.

Empowering Women: FICCI FLO And MLA Launch Drone Pilot Training

Empowering Women: FICCI FLO And MLA Launch Drone Pilot Training

Rediff.com12 Aug 2026

FICCI FLO and UP BJP MLA Rajeshwar Singh are collaborating to train 100 women as 'drone pilots' in Lucknow. This initiative aims to provide employment and entrepreneurship opportunities in the burgeoning drone economy. The announcement was made at an event where MLA Singh also highlighted his efforts in public grievance redressal and establishing women's empowerment centres in his constituency.

RBI MPC members hint at rate hikes as inflation risks persist

RBI MPC members hint at rate hikes as inflation risks persist

Rediff.com20 Aug 2026

Members of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) have indicated that interest rate hikes may be necessary sooner rather than later, as headline inflation is projected to rise from its current benign levels in the coming months, according to the minutes of the August review.

How Goa's Drone Didi Scheme Is Empowering Women

How Goa's Drone Didi Scheme Is Empowering Women

Rediff.com15 Aug 2026

Goa has successfully completed its first pilot drone-skilling workshop for 12 women and plans to train 100 women annually under the Goa Drone Didi Training Scheme. This initiative aims to promote drone technology, rural livelihoods, and women-led entrepreneurship, aligning with the Centre's Namo Drone Didi programme.

Govt adviser bats for E10 petrol to protect older vehicles

Govt adviser bats for E10 petrol to protect older vehicles

Rediff.com17 Aug 2026

A government adviser has called for India to reintroduce a petrol variant with a lower ethanol blend, such as E10, alongside the current E20 fuel. This move aims to protect millions of older vehicles, particularly two-wheelers, which may experience performance issues and damage from the higher 20 per cent ethanol blend.

'A lot of progress made': Trump signals possible talks with Iran

'A lot of progress made': Trump signals possible talks with Iran

Rediff.com5 Aug 2026

US President Donald Trump has indicated that 'a lot of progress' has been made regarding Iran, suggesting that Tehran has reached out for talks and that developments could become clearer within 48 hours.

Telangana CM denied US trip, MEA cites 'non-conformity of norms'

Telangana CM denied US trip, MEA cites 'non-conformity of norms'

Rediff.com22 Aug 2026

Telangana Chief Minister A Revanth Reddy's planned visit to the United States has been denied political clearance by the Ministry of External Affairs (MEA), citing non-conformity with laid down norms, forcing him to cancel the US leg of his 'TelanganaRising' delegation tour and return to Hyderabad earlier than planned.

High-Powered Committee to Drive Banking Reforms for Viksit Bharat, Says FM Sitharaman

High-Powered Committee to Drive Banking Reforms for Viksit Bharat, Says FM Sitharaman

Rediff.com18 Aug 2026

Union Finance Minister Nirmala Sitharaman announced the government's plan to establish a high-powered committee to examine reforms for the banking sector, aligning it with the vision of a 'Viksit Bharat' (Developed India) and India's next phase of growth.

Digital Marketplace To Empower Jharkhand's Rural Women

Digital Marketplace To Empower Jharkhand's Rural Women

Rediff.com31 Jul 2026

Jharkhand has partnered with CSC eStore to create a digital marketplace for products made by women's self-help groups (SHGs). This initiative aims to expand market access, boost income for rural women, and strengthen the rural economy through e-commerce and digital governance. The state also plans to extend Aadhaar services to all panchayats by November 15.

US Court Dismisses Adani Criminal Case; Gautam Adani Says 'Truth Prevailed'

US Court Dismisses Adani Criminal Case; Gautam Adani Says 'Truth Prevailed'

Rediff.com11 Aug 2026

A US federal judge has permanently dismissed the criminal securities-fraud case against Adani Group chairman Gautam Adani and his nephew Sagar, closing nearly two years of prosecution without a trial. Gautam Adani stated, "Truth has prevailed," in response to the ruling.

BMW India CFO: 'Surprised by scale and length of tax litigation'

BMW India CFO: 'Surprised by scale and length of tax litigation'

Rediff.com7 Aug 2026

BMW India CFO Carsten Lammers has expressed surprise at the extensive scale and prolonged duration of tax and Customs litigation in India, advocating for faster dispute resolution and simpler procedures to ensure business stability.

Bengal govt revokes BJP MP's award for remarks on Netaji

Bengal govt revokes BJP MP's award for remarks on Netaji

Rediff.com14 Aug 2026

The West Bengal government has revoked the Banga Bibhushan award from Rajya Sabha MP Ananta Maharaj following his controversial remarks describing Netaji Subhas Chandra Bose as a 'war criminal' and questioning the Azad Hind Fauj's role in India's freedom struggle.

'Eknath Shinde Was Extremely Aggressive'

'Eknath Shinde Was Extremely Aggressive'

Rediff.com20 Aug 2026

'I've seen a lot of meetings over the years, but this was the first time I've seen the deputy chief minister and the industries minister sit through something like this with 200 to 300 industrialists, local residents and politicians from both the ruling side and Opposition, all in the same room.'

CAG flags Rs 3,541 crore excess spend in Ladki Bahin scheme

CAG flags Rs 3,541 crore excess spend in Ladki Bahin scheme

Rediff.com13 Jul 2026

The Comptroller and Auditor General (CAG) has identified significant financial irregularities in the Maharashtra government's flagship Ladki Bahin scheme, including an excess expenditure of Rs 3,541.16 crore and the parking of Rs 15,586 crore in Virtual Personal Deposit Accounts (VPDAs) without immediate need. The report highlights deficiencies in budget estimation and financial management, recommending realistic fund assessments and strict adherence to expenditure needs.

Parliamentary panel recommends sending envoys to North, South Poles

Parliamentary panel recommends sending envoys to North, South Poles

Rediff.com31 Jul 2026

A parliamentary panel has strongly recommended that the Indian government appoint a dedicated 'polar ambassador' to enhance its strategic engagement and diplomatic influence in the critical Arctic and Antarctic regions, aligning with global trends and India's growing focus on polar affairs.

India's fugitive hunt intensifies, 274 brought back from 36 nations in 7 yrs

India's fugitive hunt intensifies, 274 brought back from 36 nations in 7 yrs

Rediff.com4 Aug 2026

As many as 274 fugitives have been repatriated from 36 countries in the last 7 years, an average of around 40 per year and a 10-fold jump from the 2004-13 period when around four fugitives were brought back every year, the government said on Tuesday.

Why Is Modi Meeting Secretaries?

Why Is Modi Meeting Secretaries?

Rediff.com30 Jun 2026

Prime Minister Narendra Modi is set to meet secretaries of key Union ministries and departments to review their performance, focusing on ease of living, ease of doing business, and 'Atmanirbhar Bharat' initiatives, amidst strong speculation of an impending Cabinet reshuffle.

IMF Lowers India's FY27 Growth Outlook to 6.4% on Higher Energy Costs

IMF Lowers India's FY27 Growth Outlook to 6.4% on Higher Energy Costs

Rediff.com9 Jul 2026

The International Monetary Fund (IMF) has reduced India's growth forecast for FY27 to 6.4 per cent, citing the potential impact of higher energy prices offsetting the country's economic resilience. Despite this, India remains among the fastest-growing major economies.

DRI seizes 440+ Endangered Animals, Ivory

DRI seizes 440+ Endangered Animals, Ivory

Rediff.com14 Jul 2026

The Directorate of Revenue Intelligence has conducted a nationwide crackdown on wildlife trafficking, seizing over 440 endangered animals and 15 kg of ivory, and arresting 33 individuals involved in organised crime syndicates.

US targets Iranian infrastructure in fresh wave of strikes

US targets Iranian infrastructure in fresh wave of strikes

Rediff.com23 Jul 2026

The US Central Command announced a new wave of strikes against Iranian military infrastructure, aiming to degrade Tehran's ability to threaten civilian mariners and commercial vessels. This comes as US President Donald Trump described the situation as a 'skirmish' and suggested Iran wants to 'make a deal,' while Iran's Foreign Minister warned of a 'decisive response' to any aggression.

India's FY27 growth may slow to 6.6%: S&PGlobal

India's FY27 growth may slow to 6.6%: S&PGlobal

Rediff.com25 Jun 2026

S&P Global Ratings projects India's economic growth to slow to 6.6 per cent in FY27, down from 7.7 per cent in FY26, citing energy stress and a potential sub-par monsoon.

US slap 10% tariff on India over 'forced labour'

US slap 10% tariff on India over 'forced labour'

Rediff.com24 Jul 2026

The United States has implemented a 10 per cent tariff on goods imported from India and 16 other countries, citing efforts to combat forced labour in production.

New Centre To Boost India-Kyrgyzstan Cultural And Academic Ties

New Centre To Boost India-Kyrgyzstan Cultural And Academic Ties

Rediff.com8 Jul 2026

The Centre for Studies of International Relations (CSIR) has established the International Centre for Civilizational Studies "Manas and Mahabharata" in Bishkek, Kyrgyzstan, in collaboration with the Manas National Academy. The inauguration also saw the release of the first Hindi translation of the Kyrgyz epic "Manas," aiming to foster scientific, educational, and cultural cooperation between India and Kyrgyzstan.