News for 'Economic Update'

'Vijay's Economic Policies Are Ultra-Left, Like MamataDi's'

'Vijay's Economic Policies Are Ultra-Left, Like MamataDi's'

Rediff.com7 May 2026

'If you read the TVK manifesto, it is doles and much more doles. But the state has been habituated to this.' 'In no way is he distinct or different from the DMK regime.'

NDA Closes On Rajya Sabha Two-Third Mark

NDA Closes On Rajya Sabha Two-Third Mark

Rediff.com5 days ago

Its strength is set to increase by 3 seats once the current round of Rajya Sabha polls for 27 seats are concluded on June 28.

Reha Sukheja: The Reluctant Model Who Became A Runway Star

Reha Sukheja: The Reluctant Model Who Became A Runway Star

Rediff.com17 Jun 2026

In this episode of The Rediff Podcast, supermodel Reha Sukheja opens up about her unplanned journey into modelling and how she found the courage and confidence to become a successful runway icon.

Supriya Sule's daughter gets married; Bhagwat, Rahul attend

Supriya Sule's daughter gets married; Bhagwat, Rahul attend

Rediff.com5 days ago

Here are who's who attending the wedding.

How US And India Are Strengthening AI Supply Chains Together

How US And India Are Strengthening AI Supply Chains Together

Rediff.com20 hours ago

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.

FIFA World Cup Trophy's Gold Content Doubles In Value Since 2022

FIFA World Cup Trophy's Gold Content Doubles In Value Since 2022

Rediff.com2 days ago

The FIFA World Cup trophy's gold content has more than doubled in value since 2022, now estimated at USD 713,000, driven by a broader rally in gold prices due to geopolitical tensions and economic uncertainty. This makes it the most valuable sporting trophy by melt value, significantly surpassing other major awards like the Champions League and American sports trophies.

Controversial SIR included in NCERT's Class 9 textbook

Controversial SIR included in NCERT's Class 9 textbook

Rediff.com1 days ago

The NCERT's Class 9 Social Science textbook now includes the Special Intensive Revision (SIR) of electoral rolls, explaining its purpose to ensure accurate voter lists. The textbook also commends the Election Commission of India (ECI) for conducting impartial polls despite challenges, highlighting the scale and autonomy of India's electoral process.

Pakistan to host 'historic signing' of US-Iran peace agreement

Pakistan to host 'historic signing' of US-Iran peace agreement

Rediff.com15 Jun 2026

Pakistan Prime Minister Shehbaz Sharif announced that Pakistan would host the signing ceremony of a peace agreement between the US and Iran in Switzerland on June 19, calling it a "historic milestone" that ends a 107-day conflict and promises global economic stability.

US-Iran peace deal on track, negotiators are in Switzerland: Vance

US-Iran peace deal on track, negotiators are in Switzerland: Vance

Rediff.com6 days ago

US Vice President J D Vance confirmed that peace talks with Iran are underway in Switzerland, with negotiators Steve Witkoff and Jared Kushner already present. Vance plans to join soon, expressing confidence in the US's strong negotiating position despite a delay caused by recent Israel-Lebanon firing.

US-Iran Peace Deal to Stabilise Rupee, Boost India's West Asia Exports

US-Iran Peace Deal to Stabilise Rupee, Boost India's West Asia Exports

Rediff.com15 Jun 2026

A recently finalised peace deal between the US and Iran, set to be signed on June 19, is expected to significantly benefit India's economy by boosting exports to West Asia, stabilising the rupee, and easing inflationary pressures, according to exporters and experts.

Why Banks Are Raising Deposit Rates

Why Banks Are Raising Deposit Rates

Rediff.com1 days ago

The RBI seems to be acknowledging that all deposits are not equal -- a deposit with a lower run-off assumption is inherently more valuable than one that could disappear overnight, points out Tamal Bandyopadhyay.

Xi Watching? Modi-Takaichi to Hold Talks In Assam

Xi Watching? Modi-Takaichi to Hold Talks In Assam

Rediff.com19 Jun 2026

The Japanese PM's visit to Assam comes amid festering uneasiness in Tokyo about Beijing's assertiveness in the Indo-Pacific region.

What Jawaharlal Nehru Did for India

What Jawaharlal Nehru Did for India

Rediff.com16 Jun 2026

Through his commitment to democratic norms, debate, dissent and constitutionalism, Jawaharlal Nehru helped ensure that parliamentary democracy took deep root in independent India. Utkarsh Mishra evaluates Nehru's 17 years as India's first prime minister, examining his role in nation-building, democratic institution-building, economic planning, scientific advancement and foreign policy.

'USA-Iran Deal Is Not Enforceable'

'USA-Iran Deal Is Not Enforceable'

Rediff.com4 days ago

'Actual implementation of the 14-point agreement is proving hard to achieve let alone striking and sustaining a long-term treaty or deal.'

India-UK FTA: Alcobev Industry Welcomes Tariff Cuts, Domestic Makers Seek Level Playing Field

India-UK FTA: Alcobev Industry Welcomes Tariff Cuts, Domestic Makers Seek Level Playing Field

Rediff.com17 Jun 2026

Industry bodies representing alcoholic beverage manufacturers have welcomed the India-UK Free Trade Agreement (FTA), which will see tariffs on UK whisky and gin reduced, boosting bilateral trade and supporting premiumisation. However, domestic manufacturers are calling for state governments to withdraw concessions currently enjoyed by imported liquor brands.

Prez Murmu's Village Gears Up For PM Modi

Prez Murmu's Village Gears Up For PM Modi

Rediff.com19 Jun 2026

In the remote tribal village of Pahadpur, preparations are in full swing as it looks to script history.

Adani Power to invest Rs 2 trn over 5 years

Adani Power to invest Rs 2 trn over 5 years

Rediff.com2 days ago

Adani Group Chairman Gautam Adani announced a capital expenditure programme of over 2 trillion for Adani Power, aiming for 45 gigawatts (Gw) capacity in five years, including a significant entry into nuclear power with a target of 10 Gw by 2035 through Adani Atomic Energy.

US-Iran peace deal: Tehran gives up nuke bid, wins sanctions relief

US-Iran peace deal: Tehran gives up nuke bid, wins sanctions relief

Rediff.com18 Jun 2026

The United States and Iran have reached an agreement in principle to immediately and permanently halt all military operations, lift sanctions, and work towards a comprehensive final agreement within 60 days, including a significant reconstruction package for Iran.

India's Grand Plan To Bring Formula One Back

India's Grand Plan To Bring Formula One Back

Rediff.com7 days ago

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.

Airbound, Andhra sign MoU to build large-scale drone delivery network

Airbound, Andhra sign MoU to build large-scale drone delivery network

Rediff.com1 days ago

The initiative is expected to begin with operations in Guntur, with both parties working towards enabling 10,000 daily drone flights across Andhra Pradesh over the coming year, a scale that could position the state among the largest commercial drone delivery networks globally.

India, US 'Very Close' to Historic Trade Deal

India, US 'Very Close' to Historic Trade Deal

Rediff.com3 days ago

The United States and India are on the verge of finalising a landmark bilateral trade deal, aiming to boost trade to USD 500 billion by 2030, according to US Deputy Assistant Secretary of State Bethany Poulos Morrison. The agreement seeks to open India's 1.4 billion-strong market to American goods on reciprocal terms, with ongoing high-level discussions to recalibrate the pact after recent changes in US tariff policy.

NCERT textbook cites Manusmriti, says early caste order was role-based

NCERT textbook cites Manusmriti, says early caste order was role-based

Rediff.com1 days ago

The chapter, State and Society up to 1000 CE, says the Vedic period is 'often described as a period during which women held a high and respectful position in society'.

Welfare Spending Pushes Four States Into Red

Welfare Spending Pushes Four States Into Red

Rediff.com1 days ago

Election-related freebies and populist measures are other factors crimping the revenue profile of these states.

Why Did Sergio Gor Meet Amitbhai?

Why Did Sergio Gor Meet Amitbhai?

Rediff.com19 Jun 2026

US Ambassador to India Sergio Gor on Thursday met with Union Home Minister Amit Shah to discuss enhancing cooperation on combating terrorism and bringing criminals to justice in both countries.

No word on India-US interim trade deal as tariff deadline looms

No word on India-US interim trade deal as tariff deadline looms

Rediff.com2 days ago

India and the United States have reviewed progress on a proposed interim bilateral trade agreement, discussing market access, digital trade, and non-tariff barriers, as they race to finalise a deal before a temporary 10 per cent US tariff regime expires on July 24.

Trump Is Coming For Immigrant Brothers, Sisters, Aunties, Uncles...

Trump Is Coming For Immigrant Brothers, Sisters, Aunties, Uncles...

Rediff.com13 Jun 2026

Immigrants' contribution to the US economy is disproportionate to their share of the population, meaning that losing them would shrink the economy even more than losing a random group of Americans, points out Sree Sreenivasan.

Delhi Fires Reveal A Grim Reality

Delhi Fires Reveal A Grim Reality

Rediff.com1 days ago

We have built an economy that can deliver everything -- from iPhones to biryani -- to a doorstep in 10 minutes, but it cannot deliver a fire engine through a lane in 20, points out Amit Kapoor.

Pakistan boosts defence spending by 17.6% in new Budget

Pakistan boosts defence spending by 17.6% in new Budget

Rediff.com13 Jun 2026

Pakistan has increased its defence budget by 17.6 per cent to PKRs 3,000 billion for the upcoming fiscal year, as announced by Finance Minister Muhammad Aurangzeb. The federal budget, estimated at PKRs 18,771 billion, targets 4 per cent GDP growth, with significant allocations for debt service and pensions. Prime Minister Shehbaz Sharif highlighted economic stability and ongoing discussions with the IMF, while the opposition protested Imran Khan's incarceration during the budget session.

'Yoga for peace, warships for security': Modi commissions 3 naval vessels

'Yoga for peace, warships for security': Modi commissions 3 naval vessels

Rediff.com6 days ago

Prime Minister Narendra Modi on Sunday used two major public engagements in Kolkata to outline a broader vision for India's future -- one rooted in inner balance and collective well-being through yoga, and the other in national self-reliance and maritime strength.

Modi, Macron agree on joint AI framework, classified data protection

Modi, Macron agree on joint AI framework, classified data protection

Rediff.com14 Jun 2026

An innovation roadmap, a mechanism to double annual bilateral trade within next five years, and a joint artificial intelligence framework were among 13 outcomes to emerge from wide-ranging talks between Prime Minister Narendra Modi and President Emmanuel Macron on Sunday.

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.

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.

DoT notifies new telecom authorisation rules, replacing multiple licences

DoT notifies new telecom authorisation rules, replacing multiple licences

Rediff.com2 days ago

The Department of Telecommunications (DoT) has introduced a new authorisation regime, replacing multiple licences with a single permission for principal telecom services, aiming to simplify compliance and accommodate evolving technologies. This move is expected to ease business operations, enhance fraud prevention with AI, and expand connectivity, especially through satellite networks.

NEET Medical Counselling: Get Your Paperwork Right!

NEET Medical Counselling: Get Your Paperwork Right!

Rediff.com1 days ago

Many students who do well in the NEET exams miss out on a medical seat because they didn't get their documentation in order. You don't want to be that student, says Ashok Hegde.

India's long-term consumption story intact despite challenges: KKR

India's long-term consumption story intact despite challenges: KKR

Rediff.com11 Jun 2026

Global investment firm KKR remains optimistic about India's long-term growth, citing rising incomes, premiumisation, financial deepening, and demand for quality services as key drivers for its consumption story, even as higher energy prices and AI disruption pose near-term challenges.

FPIs Withdraw Rs 62,800 Crore from Indian Equities in First Fortnight of June

FPIs Withdraw Rs 62,800 Crore from Indian Equities in First Fortnight of June

Rediff.com14 Jun 2026

Foreign Portfolio Investors (FPIs) have withdrawn over Rs 62,853 crore from Indian equities in the first fortnight of June, bringing the total outflows for 2026 to Rs 2.87 lakh crore, surpassing the entire 2025 figure, driven by geopolitical tensions, global economic growth concerns, and a weakening rupee.

Modi ji will not be PM in a year: Rahul's big claim

Modi ji will not be PM in a year: Rahul's big claim

Rediff.com3 Jun 2026

Addressing tribal leaders from across the country at an event organised by the Adivasi Congress at the Indira Bhawan in New Delhi, Gandhi warned that while an 'economic tsunami' is coming, the system is also revolting due to public pressure.

Centre tightens FCRA rules for NGOs receiving foreign funds

Centre tightens FCRA rules for NGOs receiving foreign funds

Rediff.com4 days ago

The Indian government has amended the Foreign Contribution Regulation Act (FCRA) rules, introducing stricter regulations for NGOs receiving foreign funds. Key changes include mandatory selection of predefined purposes and areas of operation, restrictions on foreign nationals as key functionaries, and explicit exclusion of proselytisation from certain faith-based activities. The amendments also introduce minimum spending limits, enhanced financial accountability, and increased transparency requirements, including social media disclosure and ultimate donor identification.

India's Remittances Stay Strong Amidst West Asia Conflict

India's Remittances Stay Strong Amidst West Asia Conflict

Rediff.com18 Jun 2026

India's remittance inflows have remained robust despite the West Asia conflict, driven by precautionary transfers and diversification of remittance sources, with bankers expecting continued stability for the year.

ICC chairman Jay Shah recognised as Young Global Leader by World Economic Forum

ICC chairman Jay Shah recognised as Young Global Leader by World Economic Forum

Rediff.com16 Apr 2026

ICC Chairman Jay Shah has been named to the World Economic Forum's Young Global Leaders Class of 2026, recognising his influence in shaping the future of global cricket and his role in the sport's inclusion in the 2028 Los Angeles Olympics.