News for 'Economic Development for India'

India's Grand Plan To Bring Formula One Back

India's Grand Plan To Bring Formula One Back

Rediff.com20 Jun 2026

The Indian Sports Ministry, led by Minister Manuskh Mandaviya, is establishing a dedicated Task Force to explore the revival of Formula One racing in India. This initiative follows a meeting with key stakeholders, aiming to assess the challenges and benefits of hosting major motorsport events, with a target of bringing F1 back by 2028. The Task Force will recommend a comprehensive policy framework to support motorsports growth, leveraging India's significant F1 fanbase.

Will Sheikh Hasina Be Killed If She Returns To Dhaka?

Will Sheikh Hasina Be Killed If She Returns To Dhaka?

Rediff.com8 Aug 2026

'They probably imagine any hue and cry in the event Sheikh Hasina is hanged will be shortlived as it happened when Bhutto was hanged in Pakistan in 1979.'

25 US states move court against Trump's forced-labour tariffs

25 US states move court against Trump's forced-labour tariffs

Rediff.com4 Aug 2026

A coalition of 25 Democratic-ruled US states has filed a lawsuit against the Trump administration's decision to impose new tariffs on 60 economies, including India. The states contend that these tariffs, ostensibly aimed at combating forced labour, are illegal taxes that will raise costs for consumers and businesses, and were implemented without proper legal justification.

IDBI employees' forum opposes stake sale to Fairfax, seeks review

IDBI employees' forum opposes stake sale to Fairfax, seeks review

Rediff.com20 Jul 2026

The United Forum of IDBI Officers & Employees has voiced "profound concern" over the Centre's reported decision to proceed with the strategic disinvestment of its controlling stake in IDBI Bank to Fairfax Financial Holdings, urging a parliamentary review of the proposed sale.

'Sheikh Hasina Has Pulled A Political Masterstroke'

'Sheikh Hasina Has Pulled A Political Masterstroke'

Rediff.com11 Aug 2026

'After announcing that she will return to Bangladesh, if she does not, her credibility will suffer.'

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.

Is Oil Price Spike Derailing FPI Comeback?

Is Oil Price Spike Derailing FPI Comeback?

Rediff.com17 Jul 2026

FPIs have already withdrawn Rs 2.6 trillion from Indian equities in 2026, exceeding the outflows recorded in any previous full calendar year.

'We will go to war': Pak threatens India amid water crisis

'We will go to war': Pak threatens India amid water crisis

Rediff.com22 Jun 2026

Pakistan's Defence Minister Khawaja Asif has issued a war threat against India, citing water security as a national concern. This comes as Pakistan grapples with a severe internal water crisis, attributed by experts to mismanagement, and India maintains its suspension of the Indus Waters Treaty following a terror attack. Asif accused India of "weaponising water" but admitted to lacking current data on the situation.

CEA Calls For Industry Investment In Skilling, Innovation For GCCs

CEA Calls For Industry Investment In Skilling, Innovation For GCCs

Rediff.com9 Jul 2026

Chief Economic Adviser V Anantha Nageswaran has urged the industry to invest in skilling, capability development, and innovation to counter the challenges posed by artificial intelligence, particularly for Global Capability Centres (GCCs). He noted that while the government has supported GCCs through Budget measures like simplifying transfer pricing and promoting expansion into tier-II/III cities, industry must move beyond low-cost execution to thrive in an an AI-driven landscape. Nageswaran emphasised that AI displaces routine tasks, necessitating a focus on higher-value work and continuous skill enhancement to maintain India's competitive edge.

New Centre To Boost India-Kyrgyzstan Cultural And Academic Ties

New Centre To Boost India-Kyrgyzstan Cultural And Academic Ties

Rediff.com8 Jul 2026

The Centre for Studies of International Relations (CSIR) has established the International Centre for Civilizational Studies "Manas and Mahabharata" in Bishkek, Kyrgyzstan, in collaboration with the Manas National Academy. The inauguration also saw the release of the first Hindi translation of the Kyrgyz epic "Manas," aiming to foster scientific, educational, and cultural cooperation between India and Kyrgyzstan.

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.

'Worst Phase For Equities Appears To Be Behind Us'

'Worst Phase For Equities Appears To Be Behind Us'

Rediff.com7 Aug 2026

'Healthy double-digit returns are still possible, though a sharp rally is unlikely.'

Derek O'Brien Fact-Checks Modi's Claims on Poverty, Development in India

Derek O'Brien Fact-Checks Modi's Claims on Poverty, Development in India

Rediff.com9 Apr 2026

Trinamool Congress leader Derek O'Brien has challenged Prime Minister Narendra Modi's claims about India's progress, citing poverty statistics and West Bengal's economic growth.

Our endeavour is to bring inflation in line with target over the medium term

"Our endeavour is to bring inflation in line with target over the medium term"

Rediff.com6 Aug 2026

"Our endeavour is to bring headline inflation in line with the target over the medium term," said RBI Governor Sanjay Malhotra, addressing concerns about the central bank's policy stance and economic outlook.

Provisional NSF Status For FMSCI Paves Way For F1 Return

Provisional NSF Status For FMSCI Paves Way For F1 Return

Rediff.com24 Jul 2026

The Sports Ministry has provisionally recognised the Federation of Motor Sports Clubs of India (FMSCI) as a National Sports Federation (NSF). This status makes FMSCI eligible for financial grants and is a significant step in the government's efforts to bring Formula 1 racing back to India, with a Task Force also being formed to explore hosting major motorsport events.

When The 'Jackfruit King' Met PM Modi

When The 'Jackfruit King' Met PM Modi

Rediff.com12 Aug 2026

'He wanted to know what products I'd brought along, so I showed him jackfruit flour, which research has linked to managing type 2 diabetes.' 'Then jackfruit seed flour, a strong source of protein that rural households have eaten for generations without it ever becoming a commercial product. I gave him ripe jackfruit chips too.'

PM Modi to Launch Semiconductor Plant, Development Projects in Gujarat

PM Modi to Launch Semiconductor Plant, Development Projects in Gujarat

Rediff.com30 Mar 2026

Prime Minister Narendra Modi is set to inaugurate a semiconductor plant in Sanand, Gujarat, and launch multiple development projects worth over Rs 20,000 crore, marking a significant boost to India's semiconductor industry and infrastructure.

How India Plans To Boost Its Sports Culture

How India Plans To Boost Its Sports Culture

Rediff.com26 Apr 2026

Sports Minister Mansukh Mandaviya released the Srinagar Khel Sankalp document, outlining a national vision to strengthen sports culture through cooperative federalism, focusing on athlete-centric development and infrastructure expansion.

N R Narayana Murthy: 'There Is Lot Of Confusion About AI'

N R Narayana Murthy: 'There Is Lot Of Confusion About AI'

Rediff.com3 Aug 2026

'At the end of the day, it is just another technology produced by the human mind.'

What made SIAM do a U-turn on E20 fuel within a week?

What made SIAM do a U-turn on E20 fuel within a week?

Rediff.com8 Aug 2026

Why the industry's public position changed is difficult to say. What the developments did establish, though, is that ethanol-blended petrol has become one of the country's most politically and commercially sensitive policy issues.

'We Need To Stop Coaching Classes'

'We Need To Stop Coaching Classes'

Rediff.com27 Jul 2026

'We can integrate AI and tech into education, but that is just a means and not an end.' 'Ultimately, we need to control what happens in a classroom and we need to let teachers innovate their teaching style to suit the needs of Gen Z and beyond.'

'Why Have The Number Of Jobs Created Fallen?'

'Why Have The Number Of Jobs Created Fallen?'

Rediff.com27 Jul 2026

'We have to pull 80 million workers out of agriculture and go back to where we were in 2014. That itself is going to be a huge task.' 'We have already lost time, and that is a catastrophe impending.''

The Strategic Importance Of Pakistan's Gwadar Port For China

The Strategic Importance Of Pakistan's Gwadar Port For China

Rediff.com13 Jul 2026

Gwadar is viewed as a critical pearl in China's maritime strategy as it would give a permanent logistical footprint near an important choke point - the Strait of Hormuz and the oil rich Persian Gulf, explains Commodore Venugopal Menon (retd).

One Nation One Election rollout possible by 2029: Panel chief

One Nation One Election rollout possible by 2029: Panel chief

Rediff.com10 Jul 2026

A parliamentary committee is actively working to establish a mechanism for implementing the 'One Nation, One Election' reform, with its chairperson, PP Chaudhary, indicating that it could be fully operational by the 2029 general elections. Chaudhary highlighted that nearly 99 per cent of civil society stakeholders consulted have supported the proposal, which aims to mitigate an estimated Rs 7 lakh crore economic loss due to frequent polls.

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.

Trump by his side, Modi raises Indian sailors' deaths at G7

Trump by his side, Modi raises Indian sailors' deaths at G7

Rediff.com17 Jun 2026

Modi's comments on underlining the importance of ensuring the safety of seafarers came against the backdrop of growing anger in India over the killing of the three Indian crew members in a US military attack on a merchant ship off the coast of Oman last week.

Nexon Geochem And Russia's Giredmet Forge Rare Earth Partnership

Nexon Geochem And Russia's Giredmet Forge Rare Earth Partnership

Rediff.com13 Jul 2026

Hyderabad-based Nexon Geochem has partnered with Russia's Giredmet to establish integrated rare-earth processing and downstream facilities in India. This collaboration aims to bridge critical gaps in India's rare earth value chain, focusing on producing NdFeB permanent magnets essential for electric vehicles, wind turbines, and defence systems, reducing reliance on imports.

India's Era Has Arrived: Birla

India's Era Has Arrived: Birla

Rediff.com5 Jun 2026

Kumar Mangalam Birla urged young people to 'build in India, build for India and build for the world'.

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.

India-Nepal Boundary Dispute Needs Solution

India-Nepal Boundary Dispute Needs Solution

Rediff.com1 Jul 2026

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).

19 ministers join Shivakumar cabinet, MLA quits over exclusion

19 ministers join Shivakumar cabinet, MLA quits over exclusion

Rediff.com3 Aug 2026

Karnataka's two-month-old government saw its first cabinet expansion with 19 MLAs sworn in as ministers, leading to immediate discontent and the resignation of one Congress legislator over his exclusion.

Bharti Airtel Becomes India's Biggest Wealth Creator, IT Giants Lose 8.5 Trillion

Bharti Airtel Becomes India's Biggest Wealth Creator, IT Giants Lose 8.5 Trillion

Rediff.com3 Jul 2026

Bharti Airtel added 7.64 trillion in value over the past five years, making it the biggest wealth creator in India's private sector, while the IT sector, including TCS, Infosys, and Wipro, collectively lost 8.5 trillion in value, according to the latest Burgundy Private Hurun India 500 report.

Geopolitical tensions, inflation data to dictate gold and silver prices

Geopolitical tensions, inflation data to dictate gold and silver prices

Rediff.com13 Jul 2026

Gold and silver are expected to remain volatile with a corrective bias as investors assess the latest flare-up in the US-Iran conflict, movements in crude oil prices, and inflation data, which could reshape expectations for global interest rates, according to analysts.

Why Indians Thrive Overseas

Why Indians Thrive Overseas

Rediff.com13 Jul 2026

India too can rise to the top if the 1.4 billion Indians back home are given better opportunities to use their innate talent and capacity to work hard, with right incentives in a more meritocratic rules-based system, asserts Ajay Chhibber.

NCERT revises Class 8 textbook again; tweaks Partition, drops Hitler content

NCERT revises Class 8 textbook again; tweaks Partition, drops Hitler content

Rediff.com8 Jul 2026

The NCERT Class 8 social science textbook has undergone significant revisions, including a tweaked narrative on the 1947 Partition, the inclusion of VD Savarkar's demand for Swaraj, and the removal of references to Adolf Hitler and Nazi ideology. These changes follow a Supreme Court intervention regarding controversial content on the judiciary.

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.

Why Estonian Tech Startups Are Keen On Partnering With India

Why Estonian Tech Startups Are Keen On Partnering With India

Rediff.com31 May 2026

Estonian tech startups in AI, cybersecurity, defence, and medicine are showing interest in collaborating with India, aiming to tap into its vast market. Latitude59, a prominent startup conference, is considering hosting a networking event in India next year to foster these partnerships.

India aims to operationalise 9 FTAs in 10 months, eyes more pacts: Piyush Goyal

India aims to operationalise 9 FTAs in 10 months, eyes more pacts: Piyush Goyal

Rediff.com5 Jun 2026

Commerce and Industry Minister Piyush Goyal announced that India expects to operationalise nine free trade agreements (FTAs) within the next 10 months, with plans for an additional three to four significant pacts over the coming year, reinforcing India's ambition to become a global manufacturing and investment hub.

Strong H1 Numbers May Propel Passenger Vehicles to Record 2026 Sales

Strong H1 Numbers May Propel Passenger Vehicles to Record 2026 Sales

Rediff.com27 Jul 2026

India's passenger vehicle industry is poised for a record-breaking year in 2026, propelled by robust dispatches in the first half of the calendar year and strong demand for utility vehicles, despite facing several economic challenges.

E20 petrol safe, no engine failure reported, Gadkari tells Parliament

E20 petrol safe, no engine failure reported, Gadkari tells Parliament

Rediff.com30 Jul 2026

The Indian government has defended its E20 ethanol blending programme, stating that extensive testing and field experience show no evidence of abnormal engine wear, corrosion, or reduced vehicle life, despite a potential 2-6% reduction in fuel economy.