News for 'Economic Update'

India's Unemployment Rate Climbs to 11-Month High in May

India's Unemployment Rate Climbs to 11-Month High in May

Rediff.com16 Jun 2026

India's unemployment rate reached an 11-month high of 5.5 per cent in May, up from 5.2 per cent in April, according to the National Statistics Office, indicating a softening labour market as labour-force participation also eased.

Delhi HC quashes cases against NewsClick, editor Prabir Purkayastha

Delhi HC quashes cases against NewsClick, editor Prabir Purkayastha

Rediff.com10 Jun 2026

The Delhi High Court has quashed cases registered by the Delhi Police and the Enforcement Directorate against news portal NewsClick and its editor-in-chief Prabir Purkayastha, citing that the continuation of the FIR was 'a gross abuse of the process of law' and the investment was an economic decision that 'did not spell out any criminal offence'.

'Not your casino': Iran warns US over Trump's Hormuz 'takeover' threat

'Not your casino': Iran warns US over Trump's Hormuz 'takeover' threat

Rediff.com5 days ago

Ebrahim Azizi, Head of the Iranian Parliament's National Security Committee, warned the US against interfering with the Strait of Hormuz, asserting Iran's sovereignty after former President Donald Trump threatened to 'take over' the strategic waterway. Despite the heated rhetoric, Iran and the US have established a direct communication line to prevent incidents during a 60-day negotiation period.

Trump says Iran 'agrees to never have nukes', denies $300mn fund claim

Trump says Iran 'agrees to never have nukes', denies $300mn fund claim

Rediff.com16 Jun 2026

Earlier, Israeli Prime Minister Benjamin Netanyahu also declared that Iran would never be allowed to acquire nuclear weapons, regardless of any agreement.

Why Indian Politicians Fear Youth Dissent

Why Indian Politicians Fear Youth Dissent

Rediff.com19 Jun 2026

CBSE exams and unemployment are divergent concerns for the middle class and the poor, and the idioms of protest don't speak to all of India's young people, points out Kanika Datta.

Gujarat Police To Dedicate Two Hours Daily For Public Grievances

Gujarat Police To Dedicate Two Hours Daily For Public Grievances

Rediff.com11 Jun 2026

Gujarat's Director General of Police, G S Malik, has issued a state-wide order requiring police officers to dedicate two hours daily to public grievance redressal. The directive also sets strict timelines for resolving complaints, aiming to make policing more citizen-centric and accessible.

Inflation data, US Fed decision, crude oil to be key drivers for stock markets

Inflation data, US Fed decision, crude oil to be key drivers for stock markets

Rediff.com14 Jun 2026

Analysts predict that inflation data, the US Federal Reserve's interest rate decision, and crude oil price trends will be the primary factors influencing the movement of Indian stock markets. Geopolitical developments, particularly the US-Iran deal, and foreign investor activity will also play a crucial role.

'Gulf War Has Been The Worst Crisis For Indians'

'Gulf War Has Been The Worst Crisis For Indians'

Rediff.com7 days ago

'It will take a long time to recover from the impact of this war.'

A decade after Brexit, Britain prepares for seventh PM

A decade after Brexit, Britain prepares for seventh PM

Rediff.com4 days ago

A referendum 10 years ago on this day set the United Kingdom on a new path as a non-member of the European Union (EU) and the turmoil of that Brexit vote continues to play out as the country prepares for its seventh prime minister in a decade.

Saurabh Mukherjea Podcast: Indian Middle Class Is In Crisis: What Next?

Saurabh Mukherjea Podcast: Indian Middle Class Is In Crisis: What Next?

Rediff.com12 Jun 2026

AI-driven job disruption, rising debt, shrinking savings and a changing global economy are reshaping India's middle class. Saurabh Mukherjea discusses jobs, entrepreneurship, investing and the future of India's economic growth on THE REDIFF PODCAST.

Modi calls for freedom of navigation after US-Iran truce

Modi calls for freedom of navigation after US-Iran truce

Rediff.com15 Jun 2026

Prime Minister Narendra Modi has welcomed the understanding between the United States and Iran to end the conflict in West Asia, expressing hope that the pact will restore peace, stability, and ensure freedom of navigation in the region. The deal, aimed at ending a 107-day war that caused a global energy crisis, is set for signing on June 19.

Pressure mounts on UK PM Starmer as Burnham emerges as challenger

Pressure mounts on UK PM Starmer as Burnham emerges as challenger

Rediff.com6 days ago

Keir Starmer has come under mounting pressure to resign as the leader of the Labour Party to pave the way for Andy Burnham to take over as the new British Prime Minister.

Noida International Airport takes flight, IndiGo makes inaugural landing

Noida International Airport takes flight, IndiGo makes inaugural landing

Rediff.com15 Jun 2026

Noida International Airport has officially commenced flight operations with an IndiGo flight from Lucknow making the inaugural landing, followed by a takeoff to Lucknow, carrying 172 villagers whose land was acquired for the project.

US Vice Prez Vance rejects claims of $24 bn sweetener for Iran deal

US Vice Prez Vance rejects claims of $24 bn sweetener for Iran deal

Rediff.com13 Jun 2026

US Vice President JD Vance on Friday dismissed reports suggesting that Iran would receive financial incentives merely for signing the peace deal between Washington and Tehran aimed at ending the hostilities in West Asia, calling such claims "fake information".

Trump calls Modi a 'very tough cookie', 'great leader'

Trump calls Modi a 'very tough cookie', 'great leader'

Rediff.com7 days ago

Former US President Donald Trump lauded Prime Minister Narendra Modi as a 'great leader' and 'tough guy' who has been in power for over 12 years, placing him alongside China's President Xi Jinping as leaders he admires for their power and ability to execute.

India-UK Trade Deal to Kick Off July 15, PM Modi Confirms

India-UK Trade Deal to Kick Off July 15, PM Modi Confirms

Rediff.com17 Jun 2026

Prime Minister Narendra Modi announced that the India-UK Comprehensive Economic and Trade Agreement (CETA) will come into effect on July 15, 2026, anticipating a significant boost to bilateral trade and investment.

BJP revamp buzz grows as reshuffle speculation swirls

BJP revamp buzz grows as reshuffle speculation swirls

Rediff.com9 Jun 2026

The BJP team under the new national president Nitin Nabin, who took charge in January, is expected to be announced within this month, with sources suggesting that some holding positions in the government may move to the party.

Why Supreme Court Granted Bail In Rs 22 Crore Fraud Case

Why Supreme Court Granted Bail In Rs 22 Crore Fraud Case

Rediff.com8 Jun 2026

The Supreme Court has granted bail to Shubham Saxena, accused of siphoning off Rs 22 crore from a real estate company, primarily due to his prolonged pre-trial detention of over four and a half years. This decision overturns a Delhi High Court ruling that had denied bail citing the gravity of the economic offence.

Generative AI Set To Add Billions To Indian Real Estate Sector

Generative AI Set To Add Billions To Indian Real Estate Sector

Rediff.com18 Jun 2026

A new report by EY-Parthenon and CREDAI indicates that Generative AI (GenAI) could inject USD 14-17 billion into India's real estate economy over the next seven years. The technology is expected to significantly enhance operational efficiency, boost sales velocity by 30-50 per cent, and accelerate product launches, offering competitive differentiation and improved customer experiences for developers.

'Iran is finished': Trump vows zero financial relief during 60-day talks

'Iran is finished': Trump vows zero financial relief during 60-day talks

Rediff.com7 days ago

Following the signing of a 14-point Memorandum of Understanding (MoU) with Iran, US President Donald Trump reiterated the terms for a 60-day negotiation period, vowing that Tehran will receive "not ten cents" in financial relief.

FIFA World Cup PIX: Thousands of Colombia Fans Paint Mexico Yellow

FIFA World Cup PIX: Thousands of Colombia Fans Paint Mexico Yellow

Rediff.com18 Jun 2026

Thousands of Colombian football fans transformed Mexico City into a vibrant yellow sea, celebrating their national team's 3-1 victory over Uzbekistan in their World Cup opener. The city's streets and restaurants buzzed with supporters enjoying Colombian food, music, and a strong cultural connection, making the Estadio Azteca feel like a home venue for the victorious team.

Gulf nations welcome Iran-US deal, urge protection of maritime routes

Gulf nations welcome Iran-US deal, urge protection of maritime routes

Rediff.com16 Jun 2026

The Gulf countries on Monday welcomed a peace deal reached between the US and Iran to end their conflict and called for protection of maritime routes and freedom of international navigation, including the uninterrupted flow of traffic through the Strait of Hormuz.

Stock markets today: Sensex, Nifty extend gains as crude oil prices drop, IT stocks surge

Stock markets today: Sensex, Nifty extend gains as crude oil prices drop, IT stocks surge

Rediff.com17 Jun 2026

Indian benchmark indices, Sensex and Nifty, extended their rally for the fourth consecutive day, driven by a significant drop in crude oil prices and strong performance from IT firms, despite mixed global cues.

India's GDP expands 7.8% in Q4, full year growth hits 7.7%

India's GDP expands 7.8% in Q4, full year growth hits 7.7%

Rediff.com5 Jun 2026

India's economy registered a robust 7.7 per cent growth in the fiscal year 2025-26, an increase from 7.1 per cent in the previous year, with the January-March quarter alone seeing a 7.8 per cent expansion.

How Delhi Police Uncovered A Rs 5.5 Lakh Job Scam

How Delhi Police Uncovered A Rs 5.5 Lakh Job Scam

Rediff.com12 Jun 2026

Delhi Police's Economic Offences Wing has arrested Manish Kumar for allegedly defrauding over 20 unemployed youths of Rs 5.5 lakh by falsely promising contractual jobs at GTB Hospital. Kumar, a B.Sc in nursing, used his alleged connections to gain trust before collecting security deposits, then disappeared when jobs didn't materialise.

India's Oil Imports from Russia, UAE Surge as Strait of Hormuz Reopens

India's Oil Imports from Russia, UAE Surge as Strait of Hormuz Reopens

Rediff.com6 days ago

India significantly increased its crude oil imports from Russia and the United Arab Emirates in June, securing supplies as the Strait of Hormuz began to reopen, with Russian barrels remaining attractive due to discounts and UAE supplies offsetting earlier uncertainties.

India can return to over 7% growth path in FY28: CEA

India can return to over 7% growth path in FY28: CEA

Rediff.com6 Jun 2026

Chief Economic Advisor V Anantha Nageswaran stated that India's economy is projected to return to a 7 per cent-plus growth trajectory by 2027-28 (FY28), or sooner if external conditions improve, despite near-term challenges from the West Asia crisis.

Modi meets Trump in France, discusses seafarers' safety, Iran deal

Modi meets Trump in France, discusses seafarers' safety, Iran deal

Rediff.com18 Jun 2026

Prime Minister Narendra Modi urged US President Donald Trump to prioritise the safety of Indian seafarers in the Strait of Hormuz during the implementation of Washington's proposed Iran peace deal, as both leaders focused on repairing strained bilateral relations at the G7 summit.

Trump officials, Iranian FM on way to Switzerland for talks

Trump officials, Iranian FM on way to Switzerland for talks

Rediff.com7 days ago

US Special Envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi are reportedly heading to Switzerland for a new round of US-Iran negotiations, following a recently announced memorandum of understanding to end hostilities in West Asia and a ceasefire between Israel and Hezbollah.

INDIA bloc meet: Oppn leaders seek unity; DMK, AAP skip

INDIA bloc meet: Oppn leaders seek unity; DMK, AAP skip

Rediff.com8 Jun 2026

Leaders from several opposition parties within the INDIA bloc convened in New Delhi, stressing the critical need for unity to safeguard democratic values and address pressing issues like people's livelihoods, despite recent internal differences and electoral setbacks.

India playing 'big role' in addressing West Asia crisis: Trump

India playing 'big role' in addressing West Asia crisis: Trump

Rediff.com18 Jun 2026

US President Donald Trump has lauded India as an 'essential partner' and 'trusted ally' in addressing regional challenges, particularly its 'big role' in West Asia peace efforts, following discussions with Prime Minister Narendra Modi at the G7 Summit.

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.

'Migrants Lost Confidence After The War'

'Migrants Lost Confidence After The War'

Rediff.com7 days ago

'We thought everything will be back to normal within one month. Now it's four months and still a final solution is miles away.'

INDIA bloc to write to CJI on SIR, seek Pradhan's resignation

INDIA bloc to write to CJI on SIR, seek Pradhan's resignation

Rediff.com8 Jun 2026

Leaders of the opposition INDIA bloc met in New Delhi on Monday and decided to write to the chief justice of India on the Special Intesive Revision exercise and "vote loot", besides demanding the immediate resignation of Union Education Minister Dharmendra Pradhan over the NEET-CBSE row.

How India plans to counter external risks facing its economy

How India plans to counter external risks facing its economy

Rediff.com9 Jun 2026

The Indian government is set to accelerate reforms, including measures to enhance foreign direct investment, speed up divestment, and boost asset monetisation, to maintain economic growth despite rising fuel and fertiliser import costs driven by the West Asia crisis.

Nepal dials down border row, backs bilateral path with India

Nepal dials down border row, backs bilateral path with India

Rediff.com7 Jun 2026

The Nepalese foreign minister was speaking to the media a day after holding wide-ranging talks with his Indian counterpart S Jaishankar that focused on ways to further expand ties in diverse sectors, including trade, critical technology, connectivity and energy.

How Rajasthan Police Is Dismantling Organised Crime Networks

How Rajasthan Police Is Dismantling Organised Crime Networks

Rediff.com4 Jun 2026

Rajasthan Police has launched a significant crackdown on organised crime, initiating proceedings to attach illegally acquired assets worth over Rs 220 crore. The action targets 636 criminals, including drug traffickers, and involves asset seizures, demolition drives, and the use of new legal provisions to dismantle economic networks and return confiscated properties to victims.

As US helicopter crashes near Hormuz, Trump predicts 'total victory' over Iran

As US helicopter crashes near Hormuz, Trump predicts 'total victory' over Iran

Rediff.com9 Jun 2026

A US military Apache attack helicopter crashed near the Strait of Hormuz, with its crew successfully rescued, as US President Donald Trump confidently declared an imminent 'total victory' over Iran within two weeks and a new nuclear deal, despite ongoing regional volatility and a recent de-escalation between Iran and Israel.

'How Much Money A Film Has Made, How Much Money It Has Not Made'

'How Much Money A Film Has Made, How Much Money It Has Not Made'

Rediff.com9 Jun 2026

'There is a relationship between the audience and the film, and money should not come in between them.'

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'.