News for 'Economic Affairs'

Consumer Affairs Ministry To Develop AI-Powered SMART Standards

Consumer Affairs Ministry To Develop AI-Powered SMART Standards

Rediff.com4 Jun 2026

The Consumer Affairs Ministry is developing machine-readable SMART standards using AI to reduce industry compliance burden. This initiative aims to modernise India's standards ecosystem, with the Bureau of Indian Standards transitioning from a regulator to a facilitator, promoting private sector testing and faster processes.

US Official Urges Nations Not To Re-Invent AI Stack

US Official Urges Nations Not To Re-Invent AI Stack

Rediff.com2 days ago

A senior US official has warned against the weaponisation of digital and artificial intelligence sovereignty by political voices, urging nations to avoid costly re-invention of existing technology. The official highlighted the economic dangers of rebuilding entire tech stacks and emphasised India's crucial role as an indispensable partner in global technological leadership due to its engineering talent and innovation ecosystem.

How US And India Are Strengthening AI Supply Chains Together

How US And India Are Strengthening AI Supply Chains Together

Rediff.com5 days ago

The US and India are collaborating to de-risk global supply chains for artificial intelligence technologies, particularly in semiconductor manufacturing and critical minerals processing. This partnership is facilitated through the US-led Pax Silica initiative, which aims to address over-concentration issues and single points of failure in supply chains, fostering a resilient global economy.

Why Is Modi Meeting Secretaries?

Why Is Modi Meeting Secretaries?

Rediff.com2 days ago

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.

Cabinet approves Rs 24,249 crore highway projects, including Odisha coastal road

Cabinet approves Rs 24,249 crore highway projects, including Odisha coastal road

Rediff.com4 Jun 2026

The Cabinet Committee on Economic Affairs (CCEA) has approved national highway projects worth approximately 24,249.6 crore across Odisha, Telangana, Madhya Pradesh, and Bihar, aiming to enhance connectivity, reduce travel times, and stimulate economic growth.

Govt forms cabinet committees on security, economic affairs; includes allies

Govt forms cabinet committees on security, economic affairs; includes allies

Rediff.com3 Jul 2024

The members of the cabinet committees included Union ministers from the Bharatiya Janata Party and its National Democratic Alliance partners like Janata Dal-United, Telugu Desam Party, Janata Dal-Secular, Shiv Sena and Lok Janshakti Party-Ram Vilas.

Subbarao is economic affairs secy

Subbarao is economic affairs secy

Rediff.com1 May 2007

Duvvuri Subbarao on Monday joined as secretary, department of economic affairs, Ministry of Finance. He belongs to the 1972 batch of the Indian Administrative Service (Andhra Pradesh cadre).

Time India Embraces China And US

Time India Embraces China And US

Rediff.com6 days ago

India's dual pursuit of a robust strategic partnership with Washington and a pragmatic, tension-management policy with Beijing represents the essence of modern multi-alignment. By embracing economic pragmatism, learning to compartmentalize political differences, and engaging in continuous dialogue, India can secure its borders, grow its economy, and contribute to a stable, multipolar Asian century, points out Ambassador Rajasekhar.

Alan Greenspan, former US Federal Reserve chair, passes away at 100

Alan Greenspan, former US Federal Reserve chair, passes away at 100

Rediff.com22 Jun 2026

Legendary economist and former Federal Reserve chairman Alan Greenspan has died at the age of 100 due to complications related to Parkinson's disease, his wife Andrea Mitchell confirmed.

Why Taiwan Is At The Heart Of US-China Rivalry

Why Taiwan Is At The Heart Of US-China Rivalry

Rediff.com3 days ago

For the foreseeable future, the most likely outcome remains continuation of the status quo. Taiwan will remain self-governing without formally declaring independence, while China continues to apply sustained pressure short of war, predict Krishnan Srinivasan and Manoj Mohanka.

HDFC Bank Shares Fall After Report Alleges 'Camouflaged' Payments To MSRDC

HDFC Bank Shares Fall After Report Alleges 'Camouflaged' Payments To MSRDC

Rediff.com27 May 2026

HDFC Bank's shares experienced a dip on Wednesday after a newspaper report alleged that the bank made illegal payments to the Maharashtra State Road Development Corporation to secure large deposits, raising concerns about corporate governance.

'Europe sells weapons, which are used to attack India': Jaishankar slams Western 'hypocrisy'

'Europe sells weapons, which are used to attack India': Jaishankar slams Western 'hypocrisy'

Rediff.com12 Jun 2026

External Affairs Minister S Jaishankar has strongly defended India's decision to purchase Russian crude oil, stating that the country's energy choices are based on cost and availability, and highlighting the West's 'hypocrisy' in criticising India while historically supplying weapons used against it.

US, Iran to hold talks in Switzerland; Pak, Qatar to attend

US, Iran to hold talks in Switzerland; Pak, Qatar to attend

Rediff.com18 Jun 2026

The United States and Iran are scheduled to hold their initial round of talks in Switzerland on Friday, following a ceasefire agreement virtually signed by US President Donald Trump and Iranian President Masoud Pezeshkian.

Guwahati Misses Out On Hosting India-Japan Summit

Guwahati Misses Out On Hosting India-Japan Summit

Rediff.com24 Jun 2026

The visit was expected to project Assam as the gateway to Southeast Asia and reinforce the state's emergence as a preferred investment destination.

Xi Watching? Modi-Takaichi to Hold Talks In Assam

Xi Watching? Modi-Takaichi to Hold Talks In Assam

Rediff.com19 Jun 2026

The Japanese PM's visit to Assam comes amid festering uneasiness in Tokyo about Beijing's assertiveness in the Indo-Pacific region.

'Why Should We Be Okay With 6.5% Growth Rate?'

'Why Should We Be Okay With 6.5% Growth Rate?'

Rediff.com7 hours ago

'Why not aspire for 8 or 9 or even 10 per cent?'

'Trump Genuinely Likes India'

'Trump Genuinely Likes India'

Rediff.com22 Jun 2026

'The flip side of this is that he won't hesitate to call out India if he thinks its policies are hurting US economic interests or border US foreign policy goals.'

Trump officials, Iranian FM on way to Switzerland for talks

Trump officials, Iranian FM on way to Switzerland for talks

Rediff.com20 Jun 2026

US Special Envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi are reportedly heading to Switzerland for a new round of US-Iran negotiations, following a recently announced memorandum of understanding to end hostilities in West Asia and a ceasefire between Israel and Hezbollah.

Govt issues updated SOP for processing FDI applications

Govt issues updated SOP for processing FDI applications

Rediff.com5 May 2026

The Indian government has issued an updated Standard Operating Procedure (SOP) for processing Foreign Direct Investment (FDI) applications, aiming to clear all proposals within 12 weeks, a two-week extension from the previous 10-week target, to ensure a fully paperless and transparent process.

US-Iran peace deal: Tehran gives up nuke bid, wins sanctions relief

US-Iran peace deal: Tehran gives up nuke bid, wins sanctions relief

Rediff.com18 Jun 2026

The United States and Iran have reached an agreement in principle to immediately and permanently halt all military operations, lift sanctions, and work towards a comprehensive final agreement within 60 days, including a significant reconstruction package for Iran.

'USA-Iran Deal Is Not Enforceable'

'USA-Iran Deal Is Not Enforceable'

Rediff.com23 Jun 2026

'Actual implementation of the 14-point agreement is proving hard to achieve let alone striking and sustaining a long-term treaty or deal.'

Gulf nations welcome Iran-US deal, urge protection of maritime routes

Gulf nations welcome Iran-US deal, urge protection of maritime routes

Rediff.com16 Jun 2026

The Gulf countries on Monday welcomed a peace deal reached between the US and Iran to end their conflict and called for protection of maritime routes and freedom of international navigation, including the uninterrupted flow of traffic through the Strait of Hormuz.

Modi, Macron agree on joint AI framework, classified data protection

Modi, Macron agree on joint AI framework, classified data protection

Rediff.com14 Jun 2026

An innovation roadmap, a mechanism to double annual bilateral trade within next five years, and a joint artificial intelligence framework were among 13 outcomes to emerge from wide-ranging talks between Prime Minister Narendra Modi and President Emmanuel Macron on Sunday.

What Jawaharlal Nehru Did for India

What Jawaharlal Nehru Did for India

Rediff.com16 Jun 2026

Through his commitment to democratic norms, debate, dissent and constitutionalism, Jawaharlal Nehru helped ensure that parliamentary democracy took deep root in independent India. Utkarsh Mishra evaluates Nehru's 17 years as India's first prime minister, examining his role in nation-building, democratic institution-building, economic planning, scientific advancement and foreign policy.

Why Banks Are Raising Deposit Rates

Why Banks Are Raising Deposit Rates

Rediff.com6 days ago

The RBI seems to be acknowledging that all deposits are not equal -- a deposit with a lower run-off assumption is inherently more valuable than one that could disappear overnight, points out Tamal Bandyopadhyay.

Pakistan PM: US-Iran peace deal 'on verge of finalisation' within 24 hours

Pakistan PM: US-Iran peace deal 'on verge of finalisation' within 24 hours

Rediff.com13 Jun 2026

Pakistan Prime Minister Shehbaz Sharif announced that a US-Iran peace deal is on the verge of finalisation, potentially within the next 24 hours, marking a significant diplomatic breakthrough after months of intense negotiations.

India, Venezuela vow long-term energy tie-up

India, Venezuela vow long-term energy tie-up

Rediff.com4 Jun 2026

India's procurement of Venezuelan crude oil has picked up momentum since April and the South American nation has already emerged as the third largest oil supplier to the country.

India-Nepal Boundary Dispute Needs Solution

India-Nepal Boundary Dispute Needs Solution

Rediff.com1 days ago

The boundary mess between India and Nepal needs a solution in a manner as mentioned by Nepal's Foreign Minister Shishir Khanal: 'On evidence not emotions', counsels Lieutenant General Shakti Gurung (retd).

Namo Cities: Delhi's decongestion dream faces the test of execution

Namo Cities: Delhi's decongestion dream faces the test of execution

Rediff.com19 Jun 2026

The Union Housing and Urban Affairs Minister's announcement of four 'Namo Cities' aims to decentralise development and decongest Delhi, but experts warn that the initiative may face execution challenges similar to previous urbanisation plans due to inadequate coordination among NCR states.

Centre tightens FCRA rules for NGOs receiving foreign funds

Centre tightens FCRA rules for NGOs receiving foreign funds

Rediff.com23 Jun 2026

The Indian government has amended the Foreign Contribution Regulation Act (FCRA) rules, introducing stricter regulations for NGOs receiving foreign funds. Key changes include mandatory selection of predefined purposes and areas of operation, restrictions on foreign nationals as key functionaries, and explicit exclusion of proselytisation from certain faith-based activities. The amendments also introduce minimum spending limits, enhanced financial accountability, and increased transparency requirements, including social media disclosure and ultimate donor identification.

Modi, Trump share warm meeting at G7 amid strained ties

Modi, Trump share warm meeting at G7 amid strained ties

Rediff.com16 Jun 2026

Prime Minister Narendra Modi and US President Donald Trump exchanged pleasantries and held a brief conversation at the G7 summit, their first in-person encounter in 16 months, setting the stage for high-stakes bilateral talks amidst continuing strain in India-US relations.

Modi-Trump G7 meeting to focus on trade deal, strategic ties

Modi-Trump G7 meeting to focus on trade deal, strategic ties

Rediff.com17 Jun 2026

Prime Minister Narendra Modi and US President Donald Trump are set to hold comprehensive talks focusing on a bilateral trade deal, defence cooperation, and energy and critical minerals sectors during the G7 summit in Evian-les-Bains, France.

Why Indian Politicians Fear Youth Dissent

Why Indian Politicians Fear Youth Dissent

Rediff.com19 Jun 2026

CBSE exams and unemployment are divergent concerns for the middle class and the poor, and the idioms of protest don't speak to all of India's young people, points out Kanika Datta.

Illegal migration impact spreads beyond border areas: Govt

Illegal migration impact spreads beyond border areas: Govt

Rediff.com27 May 2026

The Union Ministry of Home Affairs has formed a High-Level Committee on Demographic Changes to study the impact of illegal immigration and other factors on India's demographic landscape.

'Gulf War Has Been The Worst Crisis For Indians'

'Gulf War Has Been The Worst Crisis For Indians'

Rediff.com20 Jun 2026

'It will take a long time to recover from the impact of this war.'

Tarun Bajaj returns to finance ministry as economic affairs secretary

Tarun Bajaj returns to finance ministry as economic affairs secretary

Rediff.com1 May 2020

Tarun Bajaj, an old hand at the finance ministry, on Friday assumed charge as the economic affairs secretary. He comes back to North Block at a time when the economy is facing headwinds due to the outbreak of Covid-19 pandemic.

Nepal dials down border row, backs bilateral path with India

Nepal dials down border row, backs bilateral path with India

Rediff.com7 Jun 2026

The Nepalese foreign minister was speaking to the media a day after holding wide-ranging talks with his Indian counterpart S Jaishankar that focused on ways to further expand ties in diverse sectors, including trade, critical technology, connectivity and energy.

'Migrants Lost Confidence After The War'

'Migrants Lost Confidence After The War'

Rediff.com20 Jun 2026

'We thought everything will be back to normal within one month. Now it's four months and still a final solution is miles away.'

Eye on China: Quad ramps up Indo-Pacific surveillance

Eye on China: Quad ramps up Indo-Pacific surveillance

Rediff.com27 May 2026

The Quad grouping has expanded cooperation in critical minerals and energy, while unveiling new measures to boost maritime surveillance and port infrastructure across the Indo-Pacific. This move comes against the backdrop of China's growing military posturing in the region, with ministers reiterating strong opposition to destabilising actions and expressing serious concerns over militarisation of disputed features.

Modi Has Transformed The Vocabulary Of Indian Politics

Modi Has Transformed The Vocabulary Of Indian Politics

Rediff.com10 Jun 2026

Few leaders since Independence have been able to establish such a direct connection with the electorate or shape the national conversation to the extent that Narendra Modi has done over the past decade, points out former Union minister Dr Karan Singh.