News for 'Economic Affairs'

Iran, UAE agree to 'put past behind' after talks at BRICS

Iran, UAE agree to 'put past behind' after talks at BRICS

Rediff.com13 Sep 2026

Iranian President Masoud Pezeshkian concluded his visit to India for the 18th BRICS Summit, announcing that Iran and the UAE agreed to move past previous tensions. This diplomatic breakthrough occurred during talks with Abu Dhabi's Crown Prince on the summit sidelines. Pezeshkian also met with PM Modi to discuss bilateral ties and West Asia developments, with Modi emphasising dialogue for regional peace. The BRICS summit adopted the New Delhi Declaration 2026, calling for global governance reforms and de-escalation in West Asia.

India-China Rivalry Tests BRICS' Future

India-China Rivalry Tests BRICS' Future

Rediff.com8 Sep 2026

India and China are in what experts call 'a cooperation-versus-competition situation'.

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.

Putin Offers More Fertilisers To India

Putin Offers More Fertilisers To India

Rediff.com25 Aug 2026

Russia remains India's biggest fertiliser supplier, with imports rising nearly 40 per cent in 2025.

Bangladesh ready to join Saudi-Pak-Turkiye defence alliance

Bangladesh ready to join Saudi-Pak-Turkiye defence alliance

Rediff.com23 Aug 2026

Bangladesh is considering joining a newly formed defence alliance between Saudi Arabia, Pakistan, and Turkiye, with junior ministers stating that any decision would be based on national interests and a "Bangladesh First" policy. The pact, signed in Makkah, aims for collective deterrence.

We fought major wars with Pak, but China...: Ex-Army chief

We fought major wars with Pak, but China...: Ex-Army chief

Rediff.com21 Aug 2026

Former Army chief General Manoj Naravane asserted that while India's immediate attention is on Pakistan due to terrorism, China will be New Delhi's primary long-term competitor across political, economic, trade, and military domains, necessitating a strong military deterrence alongside dialogue.

BRICS should be non-Western, not anti-Western: Tharoor

BRICS should be non-Western, not anti-Western: Tharoor

Rediff.com11 Sep 2026

Senior Congress leader Shashi Tharoor has articulated India's position on BRICS, advocating for it to be a "non-West, but not anti-West" platform, a stance he believes is crucial for India's national interest. He highlighted the prestige of hosting the BRICS summit, India's responsibility to represent the Global South, and the significance of bilateral meetings, particularly with China and Russia. Tharoor also addressed the strained India-China relations, citing border issues and trade leverage, and discussed the challenges within BRICS, including difficulties in achieving consensus on global issues and trade imbalances, while also considering the need for diversified international relations amidst unpredictable US sanctions.

'India And China Have Arrived At A Nash Equilibrium'

'India And China Have Arrived At A Nash Equilibrium'

Rediff.com12 Sep 2026

'The Chinese military cannot advance much in Ladakh, even if they want to.' 'Similarly, in Arunachal Pradesh, they can rename a village or two, intrude here or there, but cannot do much more realistically.'

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.

SCO approves anti-terror security centre after Modi's warning

SCO approves anti-terror security centre after Modi's warning

Rediff.com1 Sep 2026

India has highlighted 13 key outcomes from the recent Shanghai Cooperation Organisation (SCO) summit, focusing on enhanced cooperation in security, counter-terrorism, and addressing transnational threats. These outcomes include the establishment of a Universal Centre for Countering Challenges and Threats to Security, a strong stance against state-sponsored terrorism, and agreements on narcotics control, climate change, and artificial intelligence, reinforcing India's engagement in the Eurasian region.

Why Japan Is Expanding Defence Ties Beyond India

Why Japan Is Expanding Defence Ties Beyond India

Rediff.com19 Aug 2026

Japan is deepening its defence relationship with India while simultaneously expanding its economic, infrastructure and security engagement with countries around India -- particularly Bangladesh. The result is an emerging Japanese conception of South Asia in which India remains the strategic anchor, but the geography surrounding India is becoming increasingly important, points out Varun Arya.

India, 163 other nations back UN's 'Correct the World map' move; US opposes

India, 163 other nations back UN's 'Correct the World map' move; US opposes

Rediff.com5 Sep 2026

The UN General Assembly has adopted a resolution, backed by India, to correct the world map for a more accurate representation of continental landmasses. The resolution addresses the distortions caused by the widely used Mercator projection, which minimises the perceived sizes of regions like Africa, Latin America, and South Asia, promoting an unbalanced global view. India supports the move towards more accurate cartographic practices, specifically endorsing broader use of Equal Area map projections.

Doval-Wang talks in Beijing ahead of possible Xi Jinping's India visit

Doval-Wang talks in Beijing ahead of possible Xi Jinping's India visit

Rediff.com23 Aug 2026

National Security Advisor Ajit Doval is in Beijing for the 25th round of Special Representatives talks on the India-China boundary issue with his Chinese counterpart Wang Yi. These crucial discussions precede Chinese President Xi Jinping's anticipated visit to India for the BRICS summit, offering a potential opportunity for a meeting with Prime Minister Narendra Modi. The talks aim to address the long-standing border dispute and recurring tensions, with both sides emphasising the importance of peace and tranquillity for bilateral relations amidst recent reports of aggressive Chinese posturing in Arunachal Pradesh.

'India Doesn't Need To Fear Turkish Or Saudi Interventions In A Future India-Pakistan Conflict'

'India Doesn't Need To Fear Turkish Or Saudi Interventions In A Future India-Pakistan Conflict'

Rediff.com2 Sep 2026

'It beggars belief that Saudi Arabia would deploy military force against India, a top partner and market.'

Modi meets Putin, urges him to end Ukraine war

Modi meets Putin, urges him to end Ukraine war

Rediff.com31 Aug 2026

Prime Minister Narendra Modi urged Russian President Vladimir Putin to move from 'endless war to the end of war' in Ukraine, emphasising that a peaceful resolution is humanity's shared priority.

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.

Doval in Beijing for talks amid border tensions, Xi visit uncertainty

Doval in Beijing for talks amid border tensions, Xi visit uncertainty

Rediff.com25 Aug 2026

National security advisor Ajit Doval arrived in Beijing on Monday for a two-day visit to take part in the Special Representatives talks on the India-China boundary question with his Chinese counterpart and Foreign Minister Wang Yi.

Supreme Court Orders CBI Probe into ED Allegations Against Former Indiabulls Housing Finance Promoter

Supreme Court Orders CBI Probe into ED Allegations Against Former Indiabulls Housing Finance Promoter

Rediff.com19 Aug 2026

The Supreme Court has directed the Central Bureau of Investigation (CBI) to examine all six allegations of financial irregularities levelled by the Enforcement Directorate against Sameer Gehlaut, former chairperson of Indiabulls Housing Finance (IHFL), and five corporate groups, following repeated criticism of investigating agencies for lack of progress.

India cited Trump's 'unpredictable behaviour' for no presser

India cited Trump's 'unpredictable behaviour' for no presser

Rediff.com24 Aug 2026

Indian government sources revealed that a 'cautious approach' was adopted during Prime Minister Narendra Modi's June talks with then-US President Donald Trump due to concerns over Trump's 'unpredictable behaviour' with foreign leaders, leading to a preference against a joint media interaction.

Ashok Chawla is secretary of economic affairs

Ashok Chawla is secretary of economic affairs

Rediff.com10 Sep 2008

The first indication that the United Progressive Government may opt to hold the General Election before schedule came on Tuesday, when Prime Minister Manmohan Singh appointed Ashok Chawla s secretary, economic affairs instead of picking up a full-fledged finance secretary.

US Official Urges Nations Not To Re-Invent AI Stack

US Official Urges Nations Not To Re-Invent AI Stack

Rediff.com30 Jun 2026

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.

Caste, Covid jab: What citizens have to answer in Census 2027

Caste, Covid jab: What citizens have to answer in Census 2027

Rediff.com14 Aug 2026

The Centre has notified 40 questions for the upcoming Census 2027, including caste and place of Covid vaccination, marking the first time caste details will be collected as part of the decadal exercise. The population enumeration will be a fully digital process, with an option for self-enumeration.

India considers Bangladesh's extradition plea for Sheikh Hasina

India considers Bangladesh's extradition plea for Sheikh Hasina

Rediff.com11 Aug 2026

India is currently examining Bangladesh's request for the extradition of former prime minister Sheikh Hasina, who has been living in India since her government's collapse in August 2024, with New Delhi confirming the issue is being processed according to established procedures.

Govt forms panel for 'permanent political solution' to Gorkha issue

Govt forms panel for 'permanent political solution' to Gorkha issue

Rediff.com22 Aug 2026

The Centre has established a committee to draft an agreement and finalise modalities for a 'permanent political solution' to the Gorkha identity issue in the Darjeeling hills and adjoining areas, following a tripartite meeting with Union Home Minister Amit Shah, Gorkha leaders, and the West Bengal government.

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.

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.

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.

India invokes Gen Z in statement condemning PoK elections

India invokes Gen Z in statement condemning PoK elections

Rediff.com28 Jul 2026

India has strongly criticised the local body elections in Pakistan-Occupied-Kashmir (PoK), labelling them as a facade to conceal Pakistan's illegal occupation and severe human rights violations in the region. External Affairs Ministry spokesperson Randhir Jaiswal reiterated India's stance that all of Jammu and Kashmir, and Ladakh, including PoK, are integral parts of India. He also dismissed Pakistan's claims to a shared cultural legacy, citing its history of promoting terrorism and fundamentalism.

R Gopalan is Secretary, Dept of Economic Affairs

R Gopalan is Secretary, Dept of Economic Affairs

Rediff.com28 Jan 2011

R Gopalan has been appointed as Secretary Economic Affairs. He will hold this position, in addition to his current charge as Secretary Financial Services.

Jaishankar raises market access, trade imbalance in talks with Yi

Jaishankar raises market access, trade imbalance in talks with Yi

Rediff.com22 Jul 2026

External Affairs Minister S Jaishankar met his Chinese counterpart Wang Yi in Manila, reiterating that peace and tranquillity in border areas are prerequisites for normal India-China relations. He stressed the importance of mutual respect, interest, and sensitivity, while also raising concerns about market access, trade imbalance, and supply chain uncertainties.

Monsoon Completes India Coverage On July 9

Monsoon Completes India Coverage On July 9

Rediff.com10 Jul 2026

After a subdued start, the southwest monsoon has gathered pace since the beginning of July, narrowing the cumulative rainfall deficit from nearly 30 per cent on June 30 to around 15 per cent as of July 8.

'Crisis In The Economy Started Last Year'

'Crisis In The Economy Started Last Year'

Rediff.com15 Aug 2026

'It is not because of the war in West Asia, which began on February 28.' 'Petroleum product prices are already going through the roof. They are bound to have a serious inflationary impact.' 'A country's leadership is tested in trying times. It is here that the current leadership is failing.'

India's tricolour embarks on global time-zone relay from Fiji on I-Day

India's tricolour embarks on global time-zone relay from Fiji on I-Day

Rediff.com15 Aug 2026

India launched 'Suryapath Tiranga', a unique initiative involving over 50 Indian missions globally, to digitally relay images of the tricolour across multiple time zones, starting from Fiji, to mark the country's 80th Independence Day.

India Named in US China Transshipment Network

India Named in US China Transshipment Network

Rediff.com15 Aug 2026

'All these reports and announcements by the US seem like attempts to gain a lever in trade deal negotiations with India.'

China's Hydropower Plants: Why India Must Be Concerned

China's Hydropower Plants: Why India Must Be Concerned

Rediff.com17 Aug 2026

It is very unfortunate that China has decided to proceed with the controversial mega hydropower plants(despite the apparent opposition of many scientists in China). Why is Delhi silent about the development? asks Claude Arpi.

How US And India Are Strengthening AI Supply Chains Together

How US And India Are Strengthening AI Supply Chains Together

Rediff.com26 Jun 2026

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.

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.

Does India Want To Repair Iran Relationship?

Does India Want To Repair Iran Relationship?

Rediff.com9 Jul 2026

India is navigating a complex diplomatic landscape, attempting to balance its 'forever honeymoon' with the Israel-UAE-Bahrain axis against its historical ties with Iran, as evidenced by recent high-level visits and evolving geopolitical realignments in the Middle East, observes Ambassador M K Bhadrakumar.

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.

Modi-Takaichi Summit Opens New India-Japan Chapter

Modi-Takaichi Summit Opens New India-Japan Chapter

Rediff.com7 Jul 2026

Notwithstanding the economic complementarities and the host of agreements for deepening economic relation on a host of areas, both sides share common viewpoints on the foreign policy domain and seek common grounds to serve as a counterweight to China, notes Dr Rajaram Panda.