News for 'Economic Update'

Oil surges over 25% to $116.5 per barrel

Oil surges over 25% to $116.5 per barrel

Rediff.com9 Mar 2026

Brent crude prices surged sharply on Monday, rising by more than 25 per cent to $116.5 per barrel, amid the ongoing conflict in West Asia, which has made crude prices bullish.

India pushing for dialogue, diplomacy to resolve West Asia crisis, Modi tells LS

India pushing for dialogue, diplomacy to resolve West Asia crisis, Modi tells LS

Rediff.com23 Mar 2026

Prime Minister Narendra Modi addressed Parliament on the West Asia crisis, advocating for dialogue and diplomacy, ensuring the safety of Indians in the region, and addressing concerns about fuel and food security.

Wholesale Price Inflation Rises 2.13% in Feb, Driven by Food and Manufacturing

Wholesale Price Inflation Rises 2.13% in Feb, Driven by Food and Manufacturing

Rediff.com16 Mar 2026

India's wholesale price inflation (WPI) increased for the fourth consecutive month in February, reaching 2.13 per cent, primarily due to rising prices of food and manufactured goods, according to government data.

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.

BJP Claims Mamata Banerjee's Allegations Show Election Desperation

BJP Claims Mamata Banerjee's Allegations Show Election Desperation

Rediff.com20 Mar 2026

West Bengal BJP chief Samik Bhattacharya refutes Chief Minister Mamata Banerjee's claims of the BJP bringing in outsiders to cause trouble, accusing her of desperation ahead of the assembly elections and highlighting alleged failures of the TMC government.

Trio win Nobel Economics for explaining how innovation fosters economic growth

Trio win Nobel Economics for explaining how innovation fosters economic growth

Rediff.com13 Oct 2025

The Royal Swedish Academy of Sciences announced on Monday that it has decided to award the Nobel Prize in Economics 2025 to Joel Mokyr, Philippe Aghion, and Peter Howitt "for having explained innovation-driven economic growth." The 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel goes to the trio, with one half awarded to Mokyr "for having identified the prerequisites for sustained growth through technological progress" and the other half jointly to Aghion and Howitt "for the theory of sustained growth through creative destruction."

App Trap: Hidden Cost Of 'Free' Investing

App Trap: Hidden Cost Of 'Free' Investing

Rediff.com16 Mar 2026

In modern investing, transparency is more valuable than zero fees and not all investing app score big on this front, says Ramalingam Kalirajan.

Karnataka Government Considers Sustainable Data Centre Policy to Address Environmental Impact

Karnataka Government Considers Sustainable Data Centre Policy to Address Environmental Impact

Rediff.com11 Mar 2026

The Karnataka government is reviewing its data centre policy to prioritise sustainability due to concerns about the significant water and energy consumption of data centres. The government is exploring coastal locations like Mangaluru for future data centre development and focusing on smaller-scale data centres.

Poultry farmer Ravindra Metkar invited by Oxford to share his rags to riches story

Poultry farmer Ravindra Metkar invited by Oxford to share his rags to riches story

Rediff.com20 Mar 2026

Ravindra Metkar, a farmer from Maharashtra who built a successful poultry business from humble beginnings, has been invited to speak at the University of Oxford's Global Research Conference.

West Bengal CM Announces Unemployment Allowance Ahead of Polls

West Bengal CM Announces Unemployment Allowance Ahead of Polls

Rediff.com7 Mar 2026

West Bengal Chief Minister Mamata Banerjee has announced a new unemployment allowance of Rs 1,500 per month for young job seekers in the state, starting March 7. The announcement comes ahead of the assembly elections and aims to support unemployed youth aged 21-40 who have passed their secondary exams.

US warns of 'largest strike package' against Iran, says...

US warns of 'largest strike package' against Iran, says...

Rediff.com19 Mar 2026

Hegseth said the military campaign, code-named Operation Epic Fury, against Iran is "laser focused" and "decisive," with objectives set directly by the US administration remaining unchanged since the start of operations.

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.

India, Canada sign landmark nuclear agreement

India, Canada sign landmark nuclear agreement

Rediff.com2 Mar 2026

India and Canada solidify their partnership with a landmark uranium supply agreement and discussions to finalise a comprehensive economic partnership, signaling stronger ties and cooperation on key global issues.

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.

Swadeshi Jagran Manch Urges End to Moratorium on Digital Product Tariffs

Swadeshi Jagran Manch Urges End to Moratorium on Digital Product Tariffs

Rediff.com20 Mar 2026

The Swadeshi Jagran Manch (SJM) is advocating for the termination of the moratorium on customs duties for electronically transmitted digital products, arguing that it hinders self-reliance, causes revenue losses, and restricts India's ability to tax emerging technologies like AI.

Pressure Mounts on Maharashtra Women's Commission Chief Over Numerologist's Rape Case

Pressure Mounts on Maharashtra Women's Commission Chief Over Numerologist's Rape Case

Rediff.com20 Mar 2026

Opposition parties are demanding the resignation of Maharashtra State Women's Commission chairperson Rupali Chakankar due to her alleged connections with a self-proclaimed numerologist, Ashok Kharat, who has been arrested for rape and exploitation.

Stop mlitaryops in West Asia at once, says China

Stop mlitaryops in West Asia at once, says China

Rediff.com16 Mar 2026

Amid rising tensions in West Asia, China is urging all parties to cease military operations, following Trump's appeal for help in securing the Strait of Hormuz.

India's Young Women Face Employment Gap

India's Young Women Face Employment Gap

Rediff.com10 Mar 2026

'India cannot speak of a demographic dividend if half its young women are unable to participate in paid work.'

TMC manifesto bets on women voters, ramps up welfare push

TMC manifesto bets on women voters, ramps up welfare push

Rediff.com20 Mar 2026

The Trinamool Congress (TMC) has released its manifesto for the West Bengal elections, focusing on welfare politics and women's empowerment with pledges to expand existing schemes, improve healthcare, and develop infrastructure.

Mamata Banerjee Announces Traders' Welfare Board for West Bengal

Mamata Banerjee Announces Traders' Welfare Board for West Bengal

Rediff.com12 Mar 2026

West Bengal Chief Minister Mamata Banerjee has announced the formation of a Traders' Welfare Board to serve as a platform between traders and the state government.

Sri Lanka lets second Iranian ship dock in Trincomalee, evacuates 208

Sri Lanka lets second Iranian ship dock in Trincomalee, evacuates 208

Rediff.com6 Mar 2026

Sri Lanka is deliberating appropriate action after a second Iranian ship sought entry to its territorial waters, following an attack on an Iranian frigate near the island nation. The government is focused on safeguarding lives and regional peace.

Shaheed Diwas 2026: PM Modi Leads Tribute to Bhagat Singh, Rajguru and Sukhdev

Shaheed Diwas 2026: PM Modi Leads Tribute to Bhagat Singh, Rajguru and Sukhdev

Rediff.com23 Mar 2026

Shaheed Diwas 2026: India observes Martyrs' Day on March 23, marking 95 years since Bhagat Singh, Rajguru and Sukhdev were hanged by the British in 1931. PM Modi leads tributes. History, significance, quotes and how the nation is remembering the martyrs today.

'Just for fun': Trump warns of more strikes on Iran's Kharg Island

'Just for fun': Trump warns of more strikes on Iran's Kharg Island

Rediff.com15 Mar 2026

US President Donald Trump indicated the possibility of further military operations against Iran's Kharg Island, a key oil export hub, claiming previous strikes had significantly damaged its infrastructure.

Markets Crash Nearly 2%: BSE Sensex tumbled 1,342 pts; NSE Sinks Below 24K

Markets Crash Nearly 2%: BSE Sensex tumbled 1,342 pts; NSE Sinks Below 24K

Rediff.com11 Mar 2026

Indian stock market indices Sensex and Nifty experienced a significant decline, driven by rising crude oil prices, sustained foreign fund outflows, and selling pressure in major bank stocks.

India joins US-led strategic alliance Pax Silica

India joins US-led strategic alliance Pax Silica

Rediff.com20 Feb 2026

India has joined the US-led 'Pax Silica' alliance, aimed at building a resilient supply chain for critical minerals and artificial intelligence, marking a significant step in strengthening bilateral ties and fostering economic security.

ED Attaches 200 Crore Assets of TDI Infrastructure in Money Laundering Probe

ED Attaches 200 Crore Assets of TDI Infrastructure in Money Laundering Probe

Rediff.com6 Mar 2026

The Enforcement Directorate (ED) has attached assets worth over 200 crore belonging to TDI Infrastructure Limited in connection with a money-laundering investigation related to alleged fraud against homebuyers.

ISL Clubs Allege AIFF Profiting Despite Assurances

ISL Clubs Allege AIFF Profiting Despite Assurances

Rediff.com6 Mar 2026

Twelve Indian Super League clubs have accused the All India Football Federation of retaining a surplus from the current season, despite promising not to profit from the league.

China announces $200,000 aid after deadly strike on Iran's school

China announces $200,000 aid after deadly strike on Iran's school

Rediff.com13 Mar 2026

China has condemned the attack on an elementary school in Iran and pledged USD 200,000 in emergency humanitarian assistance.

War fears cloud Iran's FIFA World Cup trip to the USA

War fears cloud Iran's FIFA World Cup trip to the USA

Rediff.com6 Mar 2026

Eighteen months of preparation hang in the balance at a Tucson-based multi-use sports facility, where organisers say they remain in daily contact with FIFA about hosting Iran's national soccer team, even as geopolitical turmoil threatens to upend their World Cup plans.

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.

Iran's War: 'Mojtaba Khamenei Is Being Hunted By Foreign Powers And Internal Foes'

Iran's War: 'Mojtaba Khamenei Is Being Hunted By Foreign Powers And Internal Foes'

Rediff.com12 Mar 2026

'Mojtaba Khamenei supervised the most recent repression in December 2025 and January 2026 which remains ongoing.'

'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.'

'No Room for Error at Wankhede': Vengsarkar Warns India

'No Room for Error at Wankhede': Vengsarkar Warns India

Rediff.com4 Mar 2026

Former India captain Dilip Vengsarkar urges sharp fielding and disciplined bowling from the Men in Blue ahead of their T20 World Cup semi-final against England at Mumbai's batting-friendly Wankhede Stadium.

'Film Industry Is Waiting For Yami Gautam-Aditya Dhar To Fumble And Fall'

'Film Industry Is Waiting For Yami Gautam-Aditya Dhar To Fumble And Fall'

Rediff.com13 Mar 2026

'Aditya Dhar and Yami Gautam will have to move forward with extra caution.'

Japan issues emergency alert as North Korea fires missile

Japan issues emergency alert as North Korea fires missile

Rediff.com14 Mar 2026

Tensions flared in East Asia on Saturday as the Japanese government issued an urgent warning following military activity from Pyongyang. The Prime Minister's Office of Japan, in a post on X, alerted the public to the developing situation, stating: '[Emergency alert] North Korea has launched a suspected ballistic missile. More updates to follow.'

SBI Manager Accused of Rs 2.78 Crore Embezzlement: Chargesheet Filed

SBI Manager Accused of Rs 2.78 Crore Embezzlement: Chargesheet Filed

Rediff.com13 Mar 2026

The Chhattisgarh Anti-Corruption Bureau/Economic Offences Wing (ACB/EOW) has filed a chargesheet against an SBI manager accused of embezzling over Rs 2.78 crore through fraudulent transactions.

Champions RCB Primed For IPL 2026 with Depth And Firepower

Champions RCB Primed For IPL 2026 with Depth And Firepower

Rediff.com24 Mar 2026

Defending champions RCB head into IPL 2026 with a balanced squad, strong batting core and pace attack, aiming for back-to-back titles after their historic 2025 triumph.

Western Coalfields Finds Rare Earth Elements in Maharashtra Mines

Western Coalfields Finds Rare Earth Elements in Maharashtra Mines

Rediff.com27 Feb 2026

Western Coalfields Limited (WCL) has discovered significant concentrations of rare earth elements and critical minerals in its mines in Maharashtra, potentially transforming waste material into revenue-generating resources and diversifying the company's business.

Why Mallya can't return to India: 'legally barred from leaving UK'

Why Mallya can't return to India: 'legally barred from leaving UK'

Rediff.com18 Feb 2026

Fugitive businessman Vijay Mallya informed the Bombay High Court on Wednesday that he is unable to provide a definite timeline for his return to India, citing the revocation of his passport and also being legally barred from leaving the UK.

India Is In The Doghouse At The Moment

India Is In The Doghouse At The Moment

Rediff.com20 Mar 2026

There is record underperformance and under-ownership. Some of this is cyclical and will turn on its own. However, we also need to regain our growth credentials. For this, both the government and companies have a role to play, as do investors, points out Akash Prakash.