News for 'Economic Affairs'

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.

Rashid Naseem, Wanted for Investment Fraud, Arrested in Dubai

Rashid Naseem, Wanted for Investment Fraud, Arrested in Dubai

Rediff.com27 Feb 2026

Rashid Naseem, wanted in India for an alleged investment fraud, has been arrested in Dubai following an Interpol Red Notice and extradition request.

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.

Trump's War Has Crossed Energy Rubicon. And There's No Turning Back

Trump's War Has Crossed Energy Rubicon. And There's No Turning Back

Rediff.com19 Mar 2026

For weeks, the war skirted the edge of catastrophe without tipping over. Missiles flew, there was much destruction, commanders were assassinated, cities across the Gulf and even in Israel struggled to absorb the shock. But one line held: Energy infrastructure, the arteries of the global economy, remained largely untouched. That is no longer true. Prem Panicker continues his must read daily blog on the Gulf War.

Jaishankar explains why India let Iran warship dock in Kochi

Jaishankar explains why India let Iran warship dock in Kochi

Rediff.com7 Mar 2026

External Affairs Minister S Jaishankar affirms India's self-determined and 'unstoppable' rise, emphasising the nation's strategic growth and role in the Indian Ocean region amid evolving global dynamics.

Budget 2026 stays committed to long-term growth drivers

Budget 2026 stays committed to long-term growth drivers

Rediff.com11 Feb 2026

Capex, infrastructure development, and prudent fiscal management are the key focus areas in the Budget, says Nilesh Shah.

'US Won't Repeat China Trade Mistake With India'

'US Won't Repeat China Trade Mistake With India'

Rediff.com6 Mar 2026

'India should understand that we are not going to make the same mistakes with India that we made with China 20 years ago.'

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.

Sri Lanka Establishes Emergency Hotlines Amid West Asia Crisis

Sri Lanka Establishes Emergency Hotlines Amid West Asia Crisis

Rediff.com28 Feb 2026

Sri Lanka has established emergency hotlines and is closely monitoring the situation in West Asia following escalating tensions, urging restraint and de-escalation from all parties involved.

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.

ED wants speedy trial against P Chidambaram in PMLA cases

ED wants speedy trial against P Chidambaram in PMLA cases

Rediff.com26 Feb 2026

The Enforcement Directorate (ED) is seeking an expedited trial against Congress leader P Chidambaram in the Aircel-Maxis and INX Media money laundering cases, having submitted the required prosecution sanction to the court.

Swiss Official Highlights Science Diplomacy as Key to Global Security

Swiss Official Highlights Science Diplomacy as Key to Global Security

Rediff.com6 Mar 2026

A top Swiss official has emphasised the growing importance of science and technology in international affairs, leading Switzerland to prioritise anticipatory science diplomacy in its foreign policy. Collaboration with India reflects a shared vision between two global innovation leaders.

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.

'Stay tuned' for Modi-Trump meet: US envoy

'Stay tuned' for Modi-Trump meet: US envoy

Rediff.com20 Feb 2026

The US President had hosted Modi for an official working visit in Washington, DC, on February 13 last year.

Why India's Japan Connection Is Important

Why India's Japan Connection Is Important

Rediff.com7 Mar 2026

In a region increasingly shaped by competition and coercion, such collaboration strengthens security without confrontation, builds capacity without dependency and promotes order without domination, points out Dr Kumar.

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.

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.

'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.'

'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.

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.

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.

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.'

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.

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.

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.

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.

BMW driver faces culpable homicide charge in Sep Delhi accident

BMW driver faces culpable homicide charge in Sep Delhi accident

Rediff.com23 Jan 2026

Delhi Police inform court that a BMW driver involved in a fatal accident last September is charged with culpable homicide for allegedly delaying medical assistance to the victim.

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.

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.

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.

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.

'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.'

'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.'

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.

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.

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.

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.

Trump Is Caught Between Two Bad Options

Trump Is Caught Between Two Bad Options

Rediff.com16 Mar 2026

Fight on toward goals that keep receding, or exit with most objectives unmet. Trump is agitated, his poll numbers falling below the Plimsoll line, his base fractured between those who back the war and those who remember that he campaigned on ending them.

Iran War Exposes Washington's Strategic Chaos

Iran War Exposes Washington's Strategic Chaos

Rediff.com12 Mar 2026

What we are watching is something different: A fog manufactured and maintained by the people who started the war, so that the question of why it was started never has to be answered, observes Prem Panicker in his must read blog on the war in the Middle East.

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.