News for 'Economic Affairs'

'Whatever Trump Says, India Can't Stop Buying Russian Oil'

'Whatever Trump Says, India Can't Stop Buying Russian Oil'

Rediff.com5 Aug 2025

'America is adopting the typical 'my way or the highway'/'Either you are with us or against us' stance.' 'This is a policy India is not going to accept.'

Doval, Russian first dy PM discuss military-tech ties, joint projects

Doval, Russian first dy PM discuss military-tech ties, joint projects

Rediff.com9 Aug 2025

National Security Advisor Ajit Doval met with Russian First Deputy Prime Minister Denis Manturov to discuss bilateral military-technical ties and implementation of joint projects in strategic sectors. The meeting comes amid growing US pressure and tariffs on Indian goods.

Little group called BRICS is fading out fast: Trump

Little group called BRICS is fading out fast: Trump

Rediff.com19 Jul 2025

United States President Donald Trump has warned that countries aligning with the BRICS economic bloc will face additional 10 per cent tariffs on their goods, as he seeks to protect the dollar's global dominance.

US may hold back secondary tariffs on India, says Trump

US may hold back secondary tariffs on India, says Trump

Rediff.com16 Aug 2025

There were apprehensions that additional secondary tariffs would have hit India in case the US decided to enforce them.

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.

Modi attends Independence Day celebrations in Maldives

Modi attends Independence Day celebrations in Maldives

Rediff.com26 Jul 2025

Prime Minister Narendra Modi on Saturday graced the 60th Independence Day celebrations of the Maldives as the guest of honour, signalling a renewed warmth in bilateral ties after a spell of unease.

Trump's 24-hr threat to India; Russia steps in to defend

Trump's 24-hr threat to India; Russia steps in to defend

Rediff.com5 Aug 2025

United States President Donald Trump on Tuesday said India has not been a good trading partner and announced that he will raise the tariffs on New Delhi 'very substantially' over the next 24 hours because it is buying Russian oil.

'Trump's policies alienated India, pushed it towards Russia, China'

'Trump's policies alienated India, pushed it towards Russia, China'

Rediff.com2 Sep 2025

Former US National Security Advisor John Bolton says President Trump's policies have damaged US-India relations, pushing New Delhi closer to Russia and China.

Sitharaman Orders Banks to Return Unclaimed Citizens' Money

Sitharaman Orders Banks to Return Unclaimed Citizens' Money

Rediff.com23 Sep 2025

Given that a sizeable part of this money is part of the coveted current accounts and savings accounts, it is surprising that banks are not in a hurry to revive these accounts, notes Tamal Bandyopdhyay.

'China Is Competing In A Space Where India Was Dominant'

'China Is Competing In A Space Where India Was Dominant'

Rediff.com19 Aug 2025

'These efforts by Beijing can be weaponised one day with economic, security and political implications for India.'

Oli's exit plunges Nepal back into political uncertainty

Oli's exit plunges Nepal back into political uncertainty

Rediff.com9 Sep 2025

A profile of veteran Nepali politician K P Sharma Oli, detailing his rise to power, his various stints as prime minister, and his impact on Nepal's political landscape.

Is This Why Trump Turned On India?

Is This Why Trump Turned On India?

Rediff.com9 Aug 2025

Trade, defence cooperation and regional strategy had long formed the backbone of India-US ties, but the latest rift shows how quickly those pillars can be shaken by personal grievances and political optics.

'Ethanol-blended petrol could reduce mileage by 2-4%'

'Ethanol-blended petrol could reduce mileage by 2-4%'

Rediff.com31 Aug 2025

'The E20 usage accrues the huge benefit to the nation, to the society, to the farmer, to the environment, to the exchequer and all of us'

Sindoor: 'We Could Have Continued To Strike'

Sindoor: 'We Could Have Continued To Strike'

Rediff.com10 Sep 2025

'But that was not our aim. Our objective was already achieved.'

Trump's ego can't be allowed to harm strategic India-US ties: Experts

Trump's ego can't be allowed to harm strategic India-US ties: Experts

Rediff.com3 Sep 2025

A US lawmaker and former officials warn that President Trump's policies are damaging the strategic partnership between the United States and India, potentially driving India closer to China and Russia.

Will Wang's Visit Help Improve Relations?

Will Wang's Visit Help Improve Relations?

Rediff.com22 Aug 2025

The Galwan clashes indicate to the limitations in relations if they do not address border stability, points out Srikanth Kondapalli.

Will Wang's Visit Help Improve Relations?

Will Wang's Visit Help Improve Relations?

Rediff.com22 Aug 2025

The Galwan clashes indicate to the limitations in relations if they do not address border stability, points out Srikanth Kondapalli.

'Glad Trump stated facts': Rahul backs 'dead economy' remark on India

'Glad Trump stated facts': Rahul backs 'dead economy' remark on India

Rediff.com31 Jul 2025

The BJP flayed Gandhi for "echoing" Trump's "dead economy" jibe at India, calling it a "shameful" insult to the aspirations, achievements, and well-being of the people of the country.

'Putin's war chest': Trump official fires fresh salvo at India

'Putin's war chest': Trump official fires fresh salvo at India

Rediff.com29 Aug 2025

Former White House trade advisor Peter Navarro accuses India of being an 'oil money laundromat' for Russia, alleging that India's oil purchases are funding Putin's war in Ukraine. The accusations come amid existing trade tensions and tariffs imposed by the US.

Amid Trump's tirade, Indian Army reminds US of Pak deal

Amid Trump's tirade, Indian Army reminds US of Pak deal

Rediff.com5 Aug 2025

In response to US criticism of India's oil imports from Russia, the Indian Army shared a 1971 news clip highlighting the US's role in arming Pakistan.

Indira Gandhi Or Modi: Who's India's Strongest PM?

Indira Gandhi Or Modi: Who's India's Strongest PM?

Rediff.com5 Sep 2025

Mrs Gandhi's power ebbed and peaked with the times. Mr Modi's has almost been constant, barring the few months of hard dip after the 240 seats of 2024, points out Shekhar Gupta.

Modi likely to visit US for UNGA session amid Trump tariff

Modi likely to visit US for UNGA session amid Trump tariff

Rediff.com13 Aug 2025

Prime Minister Narendra Modi is likely to address the UN General Assembly in September. The session will address global conflicts and trade negotiations between the US and India.

The Leverage Trump's US Has On Xi's China Has Shrunk

The Leverage Trump's US Has On Xi's China Has Shrunk

Rediff.com31 Jul 2025

The stock and bond markets told Trump firmly that any idea of isolating China would lead to harming the US economy and this forced Trump to backtrack, points out Aakar Patel.

'New Delhi Can Hobnob With Moscow And Beijing, But...'

'New Delhi Can Hobnob With Moscow And Beijing, But...'

Rediff.com1 Sep 2025

'...it should not delude itself into thinking that India's security or its great-power ambitions will be advanced by those partnerships.'
'Instead, what India should focus on is on riding out the next three-and-a-half years of Trump's presidency with minimal damage to itself.'

Don't view India-China ties through 'third country lens': Modi

Don't view India-China ties through 'third country lens': Modi

Rediff.com31 Aug 2025

Prime Minister Narendra Modi and Chinese President Xi Jinping vowed to work towards a "fair, reasonable, and mutually acceptable" resolution of the festering boundary issue and pledged to work towards stabilising global trade.

Trump's Russian Roulette Over India's Oil Supply

Trump's Russian Roulette Over India's Oil Supply

Rediff.com5 Aug 2025

The trade relationship between India and the United States has been strained by the imposition of 25% tariff by the US on Indian goods.

Indulging in trade with Russia themselves: India counters US

Indulging in trade with Russia themselves: India counters US

Rediff.com5 Aug 2025

India has strongly criticized the US and EU for their 'unjustified and unreasonable' targeting of New Delhi for its procurement of Russian crude oil, pointing out their own continued trade relations with Russia.

Modi presents 'Ek Ped Maa Ke Naam' to King Charles

Modi presents 'Ek Ped Maa Ke Naam' to King Charles

Rediff.com24 Jul 2025

Prime Minister Narendra Modi presented a tree sapling to King Charles III as part of his 'Ek Ped Maa Ke Naam' environmental initiative during their meeting at Sandringham Estate.

'We Shouldn't Expect Immediate Results With China'

'We Shouldn't Expect Immediate Results With China'

Rediff.com3 Sep 2025

'If China shows greater concerns for Indian interests, ties could improve. Otherwise, the thaw could be short-lived.'

Do you want border wall to stop immigrants, SC asks govt

Do you want border wall to stop immigrants, SC asks govt

Rediff.com29 Aug 2025

The Supreme Court has questioned the central government about the possibility of constructing a border wall to prevent illegal immigration, drawing parallels with the US border policy. The court also addressed concerns about the detention and deportation of Bengali-speaking migrant workers.

'Gen Z Want Radical Change In Nepal'

'Gen Z Want Radical Change In Nepal'

Rediff.com11 Sep 2025

'They mean business, but business as usual is unacceptable to them'

ED conducts 1st-ever raids in Andaman and Nicobar Islands

ED conducts 1st-ever raids in Andaman and Nicobar Islands

Rediff.com31 Jul 2025

The case pertains to the Andaman Nicobar State Cooperative Bank (ANSCB) and its former vice chairman Kuldeep Rai Sharma. Sharma, a 57-year-old Congress leader, is a former MP of the UT (2019-24).

Should depositors put money in co-operative banks?

Should depositors put money in co-operative banks?

Rediff.com18 Feb 2025

The co-operative banking sector is well regulated, and a few cases of restrictions being imposed by the Reserve Bank of India (RBI) should not paint a negative picture of the entire sector, said Department of Economic Affairs (DEA) secretary Ajay Seth on Monday. "Co-operative banks in the country are generally quite robust, and the RBI takes regulatory action whenever issues arise.

India opposes fresh $2.3 bn IMF loans to Pak over terror concerns

India opposes fresh $2.3 bn IMF loans to Pak over terror concerns

Rediff.com9 May 2025

India has opposed the International Monetary Fund's (IMF) proposal to extend fresh loans of USD 2.3 billion to Pakistan, citing concerns that the funds could be misused for financing state-sponsored cross-border terrorism. India abstained from voting at the IMF meeting, expressing concerns about Pakistan's track record and the possibility of debt financing being misused for terrorism. The IMF took note of India's statements and its abstention from the vote. India's opposition comes at a time when military conflict between India and Pakistan has intensified following a terrorist attack in Kashmir.

Brazil responds to Trump's 50% tariff with 'Reciprocity Law'

Brazil responds to Trump's 50% tariff with 'Reciprocity Law'

Rediff.com10 Jul 2025

Brazilian President Luiz Inacio Lula da Silva on Wednesday (local time) issued a firm response to United States President Donald Trump's announcement of a 50 per cent tariff on Brazil by invoking the country's 'Economic Reciprocity Law', while asserting Brazil's sovereignty and rejecting 'any form of tutelage' in what he described as Trump's attempts to interfere in the country's internal judicial affairs.

'Trump frustrated with India trade talks, feels 25% tariff will fix issues'

'Trump frustrated with India trade talks, feels 25% tariff will fix issues'

Rediff.com31 Jul 2025

US President Donald Trump expresses frustration with the lack of progress in trade talks with India, imposing a 25% tariff. The move comes amid concerns over trade deficits and India's reliance on Russian military equipment and energy.

Look at India, Pak: Trump repeats truce claim after Putin meet

Look at India, Pak: Trump repeats truce claim after Putin meet

Rediff.com16 Aug 2025

Stressing that wars are "very bad", Trump said that he seems to have "an ability to end them, to get people together" for which he uses the "power of the United States".

Modi likely to visit China, first since Galwan clash

Modi likely to visit China, first since Galwan clash

Rediff.com6 Aug 2025

Prime Minister Narendra Modi is expected to visit Japan and China starting around August 29. The visit to China would be his first after the Ladakh border standoff.

USAID funded 7 projects in India not related to voter turnout: Govt

USAID funded 7 projects in India not related to voter turnout: Govt

Rediff.com23 Feb 2025

The Finance Ministry's annual report has revealed that the US Agency for International Development (USAID) funded seven projects worth USD 750 million in India during the 2023-24 fiscal year. The projects, implemented in partnership with the Indian government, cover areas like agriculture and food security, water and sanitation, renewable energy, disaster management, health, sustainable forests, and climate adaptation. This disclosure comes amidst controversy over USAID's alleged role in influencing Indian elections, with claims that the agency allocated USD 21 million to India for 'voter turnout'. However, the report clarifies that no funds were dedicated to enhancing voter turnout.

Sebi opens sandbox to fractional share pitch

Sebi opens sandbox to fractional share pitch

Rediff.com30 Jul 2025

The Securities and Exchange Board of India (Sebi) has approved a proposal from a startup to test fractional shares in its innovation sandbox, marking a potential shift in the Indian equity landscape. This represents a change in stance from 2021, when Sebi rejected a similar proposal in the regulatory sandbox, primarily due to concerns over the custody of fractional shares.