News for 'Economic Affairs'

Why Kashmiris Are Donating Gold, Money For Iran

Why Kashmiris Are Donating Gold, Money For Iran

Rediff.com25 Mar 2026

'Many have contributed in terms of gold and silver. Ladies in big numbers have contributed their home belongings and gold.' 'Some have donated their cars too.'

Iran rejects Trump's talks claim, says US buying time for military plans

Iran rejects Trump's talks claim, says US buying time for military plans

Rediff.com23 Mar 2026

"The US President's statements are within the framework of efforts to reduce energy prices and gain time to implement his military plans," the ministry stated.

Bihar govt rejects demands to revoke liquor ban

Bihar govt rejects demands to revoke liquor ban

Rediff.com19 Feb 2026

The Bihar government has rejected demands to review its prohibition law, which has been in place for a decade, despite concerns raised by members of the ruling NDA about financial losses to the state.

'Just reading statement without...': Oppn demands debate on Iran war

'Just reading statement without...': Oppn demands debate on Iran war

Rediff.com9 Mar 2026

Opposition parties are demanding a full Parliament discussion on the West Asia conflict, criticising the government's silence and calling for a contingency plan to protect India's energy security and citizens.

No proof, no benefits: Govt clarifies limits of census data use

No proof, no benefits: Govt clarifies limits of census data use

Rediff.com30 Mar 2026

The Registrar General and Census Commissioner of India, Mritunjay Kumar Narayan, has reassured the public that individual data collected during the upcoming census will remain confidential and cannot be used for any purpose other than statistical aggregation.

Gulf War: Hormuz Is Becoming The Central Battlefield

Gulf War: Hormuz Is Becoming The Central Battlefield

Rediff.com23 Mar 2026

The question is no longer whether the war will expand. It has. The next few days will tell us whether the war stabilises around Hormuz or whether the Strait itself becomes the trigger for a far larger rupture. What to watch for over the next 48 hours is simple: Any move by the US toward direct naval control of the Strait; any credible Iranian attempt to disrupt or mine shipping lanes and, critically, whether energy infrastructure in the Gulf continues to be targeted.If those lines are crossed in tandem, the war will no longer be containable within the region.

CCS assesses West Asia crisis, orders steps to help stranded Indians

CCS assesses West Asia crisis, orders steps to help stranded Indians

Rediff.com2 Mar 2026

The Cabinet Committee on Security (CCS) has reviewed the evolving situation in West Asia, directing departments to assist Indian nationals affected by recent developments and emphasizing the need for dialogue and diplomacy.

War In The Strait Of Hormuz Has Landed On A Tawa In Mumbai

War In The Strait Of Hormuz Has Landed On A Tawa In Mumbai

Rediff.com2 Apr 2026

The LPG squeeze on India's restaurant sector is the quotidian face of a deeper crisis.

China announces support for Iran amid Trump's warning

China announces support for Iran amid Trump's warning

Rediff.com14 Jan 2026

Spokesperson of the Ministry of Foreign Affairs of China, Lin Jian, said on Wednesday that China supports Iran in maintaining its stability, adding that Beijing has always opposed the interference in other countries' internal affairs and the use of force in international relations.

The Clock In Islamabad Is Ticking. And The World Is Watching Anxiously...

The Clock In Islamabad Is Ticking. And The World Is Watching Anxiously...

Rediff.com9 Apr 2026

The delegations from the US and Iran head to Islamabad on Friday, carrying a ceasefire that is already fraying, a Strait that is technically open and practically closed, and a negotiating agenda that would challenge even parties actually negotiating in good faith, which these groups are not. Prem Panicker continues his must read blog on the Iran War.

Iran Rewrites Rules of War

Iran Rewrites Rules of War

Rediff.com17 Mar 2026

Iran is fighting a different war: Older, slower, and in some ways more dangerous. Iran doesn't need to shoot down an F/A-18. It only needs to make the Strait of Hormuz feel dangerous long enough for insurance markets, shipping companies, and oil futures traders to do the rest. Prem Panicker continues his must-read daily blog on the war in the Middle East.

Orissa High Court: Indiscriminate Bank Account Freezes Hurt Businesses

Orissa High Court: Indiscriminate Bank Account Freezes Hurt Businesses

Rediff.com12 Mar 2026

'Statutory power must be exercised in a manner that is fair, proportionate, and not excessive.' 'The authority must demonstrate a rational nexus between the property frozen and the alleged offence.'

'There Could Be More Violence In Pakistan'

'There Could Be More Violence In Pakistan'

Rediff.com18 Mar 2026

'TTP has vowed to take revenge for the attacks that Pakistan is carrying out against Afghanistan.' 'To diminish this threat, Pakistan is hitting Afghanistan hard.'

Japan's High-Stakes Gamble In the Indo-Pacific

Japan's High-Stakes Gamble In the Indo-Pacific

Rediff.com10 Feb 2026

In the Indo-Pacific's new era -- where perception shapes reality faster than treaties -- the real entrapment is not of China or the United States. It is the test Japan has set for itself -- and whether partners like India, acting as balancers rather than accelerants, can help ensure that the story ends in stability, points out Varun Arya.

Will Trump Send Troops To Iran By The Weekend?

Will Trump Send Troops To Iran By The Weekend?

Rediff.com26 Mar 2026

Taking Kharg would give the US control over virtually all of Iran's oil exports and thus provide significant leverage, notes Prem Panicker in his must read daily blog on the Gulf War. It would also put American troops within range of Iran's remaining missiles, drones, and artillery on a piece of real estate that is just eight square miles in size, and just 15 miles from the Iranian mainland.

US, India envoys in China review strategic ties, trade push

US, India envoys in China review strategic ties, trade push

Rediff.com10 Feb 2026

David Perdue said in a post on X that the US-India relationship delivers real results through close cooperation in diverse areas, including defence, energy and through Quad engagement.

Cabinet Committee on Economic Affairs to consider gas price hike tomorrow

Cabinet Committee on Economic Affairs to consider gas price hike tomorrow

Rediff.com26 Jun 2013

If approved, gas price will rise to $6.775 per million British thermal unit from $4.2 currently.

Neither Israel Nor Iran Wants A Quick End To The War

Neither Israel Nor Iran Wants A Quick End To The War

Rediff.com23 Mar 2026

Israel wishes to continue its bombing campaign until Iran's military and industrial infrastructure are degraded to a point where it ceases to pose a threat to Israel. Iran, for its part, has learnt from its experience in the 12-day war of last June. Any ceasefire, it believes, will only be a prelude to another attack on itself. It is determined to convey that any attack on Iran will impose heavy costs on Israel, the US, America's allies in the Gulf -- and on the world at large, points out T T Ram Mohan.

MEA voices concern over situation in West Asia, silent on Khamenei killing

MEA voices concern over situation in West Asia, silent on Khamenei killing

Rediff.com3 Mar 2026

Amidst escalating tensions in West Asia, India voices strong concerns over the safety of its nationals and the potential disruption to energy supplies, urging dialogue and diplomacy for a swift resolution.

War Exposes Cracks in US-Israel Alliance

War Exposes Cracks in US-Israel Alliance

Rediff.com20 Mar 2026

Alliances fight wars effectively only when they share an endgame. If Israel acted without US knowledge, then the military alliance is operating without real coordination at the level of strategic targeting. Neither picture is reassuring in a war that is no longer regional in its consequences. Prem Panicker continues his must read daily blog on the Gulf War.

Has US Repeated Its Iraq Mistake?

Has US Repeated Its Iraq Mistake?

Rediff.com11 Mar 2026

Israel and the United States had a plan. Iran punched back. And now the Gulf is reeling, the world is beginning to feel the pain and, as on date, no one in Washington or Tel Aviv appears willing to admit that the punch has landed, notes Prem Panicker, continuing his must-read blog on the war in the Middle East.

'Indian Army Has Free Hand To Deal With China'

'Indian Army Has Free Hand To Deal With China'

Rediff.com17 Feb 2026

'After the Galwan clash, the rules of engagement changed with the army commanders allowed to use any means at their disposal as they deem fit for tactical operations.'

Trump's Pause Gives Iran NOTHING!

Trump's Pause Gives Iran NOTHING!

Rediff.com25 Mar 2026

The pause gives the US time to breathe, to regroup, to move its expeditionary force into position without risk of interception along the way. It gives Iran nothing -- on the ground, attacks against its infrastructure continue apace. Prem Panicker in his must read daily blog on the Gulf War.

US stopping India from buying cheap oil: Russian FM

US stopping India from buying cheap oil: Russian FM

Rediff.com10 Feb 2026

Lavrov said that the US has set itself the objective of 'achieving economic domination', adding further to it that Americans want to control the routes to leading countries to provide its energy sources to them.

The Gulf War: What's Pakistan Up To?

The Gulf War: What's Pakistan Up To?

Rediff.com31 Mar 2026

Egypt, Pakistan, Saudi Arabia and Turkey met in Islamabad in what analysts say is the formal opening of a new diplomatic formation that could reshape the post-war regional order. Their immediate goal is a ceasefire; their larger ambition is to ensure that neither Iran nor Israel emerges from this war in a dominant position. Pakistan's foreign minister then flew directly to Beijing and mooted a Chinese role as guarantor of any eventual agreement. Prem Panicker continues his must read daily blog on the Gulf War.

Kerala CM Discusses Gulf Crisis with Loka Kerala Sabha Members

Kerala CM Discusses Gulf Crisis with Loka Kerala Sabha Members

Rediff.com3 Mar 2026

Kerala Chief Minister Pinarayi Vijayan held an online meeting with Loka Kerala Sabha members in the Gulf region to discuss support for the expatriate community amidst the escalating conflict in West Asia.

China hikes defence budget by 7% to $277 billion

China hikes defence budget by 7% to $277 billion

Rediff.com5 Mar 2026

China's latest defence budget surges to $275 billion, fueling its ambitious military modernisation program and intensifying geopolitical dynamics in the region.

'More India Aligns With US, More China Aligns With Pak'

'More India Aligns With US, More China Aligns With Pak'

Rediff.com17 Feb 2026

'China continues to perceive its relations with India through the prism of India-US relations, with the US using India to counter balance against China in the Indo-Pacific and beyond.'

India, US in talks for mutually beneficial trade agreement

India, US in talks for mutually beneficial trade agreement

Rediff.com30 Jan 2026

The Indian government informed Parliament that India and the US are engaged in negotiations for a mutually beneficial multi-sectoral bilateral trade agreement. The two countries also cooperate on strategic, economic, and defense matters, managing divergences through high-level dialogues.

India-US Deal Shields Farmers

India-US Deal Shields Farmers

Rediff.com4 Feb 2026

New Delhi will substantially reduce tariffs on industrial and agricultural goods while continuing to protect sensitive sectors. Tariffs on some agricultural products that are not traditionally considered sensitive will be brought down to zero, while in the case of relatively sensitive items, duties will be reduced in a graded manner and quotas will be imposed.

Sitharaman to Present Budget 2026 on Sunday, February 1

Sitharaman to Present Budget 2026 on Sunday, February 1

Rediff.com12 Jan 2026

Finance Minister Nirmala Sitharaman will present the general budget in Parliament on February 1. The Budget session of Parliament begins on January 28 with President Droupadi Murmu addressing both houses.

Stop fuelling terror next door, Jaishankar tells Poland

Stop fuelling terror next door, Jaishankar tells Poland

Rediff.com20 Jan 2026

External Affairs Minister S Jaishankar conveyed a strong message to his Polish counterpart Radoslaw Sikorski regarding terrorism and the Ukraine conflict, emphasizing the need for zero-tolerance towards terrorism and criticizing the selective targeting of India.

GST 2.0 bolstered momentum, economy on stable footing

GST 2.0 bolstered momentum, economy on stable footing

Rediff.com28 Nov 2025

The reduction in the goods and services tax (GST) rates has increased the momentum in India's economic activity both on the supply and demand sides, while robust agricultural activity - reflected in the strong onset of rabi sowing and adequate reservoir levels - has reinforced the outlook for food supply and rural incomes, the finance ministry said on Thursday.

Modi to embark on two-day Israel visit, to boost defence ties

Modi to embark on two-day Israel visit, to boost defence ties

Rediff.com25 Feb 2026

Prime Minister Narendra Modi will visit Israel to enhance defence and trade cooperation amid Middle East tensions. Discussions will include defence, security, and the situation in Gaza.

India's mindset must change; Awami League era over in B'adesh: Tarique aide

India's mindset must change; Awami League era over in B'adesh: Tarique aide

Rediff.com15 Feb 2026

Following the BNP's victory in recent elections, Bangladesh is seeking to reset its relationship with India, emphasizing mutual benefit and a recognition of the changed political landscape.

China overrules India's objections to Shaksgam Valley infra push

China overrules India's objections to Shaksgam Valley infra push

Rediff.com12 Jan 2026

China has reaffirmed its territorial claims over the Shaksgam Valley, dismissing India's objections to infrastructure projects in the area. The Chinese Foreign Ministry spokesperson stated that the territory is part of China and its activities there are beyond reproach.

IOC voices concern for Iranian athletes

IOC voices concern for Iranian athletes

Rediff.com30 Jan 2026

The IOC has expressed concern for the welfare of Iranian athletes amid escalating unrest, mass arrests and reports of deaths, saying it remains in contact with Iran's Olympic community.

'Global Uncertainties Are Of A Magnitude We've Never Seen Before'

'Global Uncertainties Are Of A Magnitude We've Never Seen Before'

Rediff.com2 Feb 2026

'Global uncertainty is something which definitely occupies the minds of officials when we are preparing for the Budget.'

Pak says X account hacked after plea for loans appears

Pak says X account hacked after plea for loans appears

Rediff.com9 May 2025

Pakistan on Friday said that the X account of its ministry of economic affairs was hacked and an appeal was posted on it for more international loans to meet the 'heavy losses' caused by the current tensions with India.

Middle East Crisis: The New Fog of War

Middle East Crisis: The New Fog of War

Rediff.com13 Mar 2026

When everyone has footage and no one can verify it, the loudest voice wins, notes Prem Panicker who begins a daily blog on the War in the Middle East.