News for 'Economic Weekly'

India Should Be Battle Ready With China

India Should Be Battle Ready With China

Rediff.com14 Aug 2024

'With continued focus on votes, upcoming by-polls and purchasing politicians, the political hierarchy has little time for national defence.' 'They would do well to heed a veteran scholar, who says, "There will be war with China in the next few years. The next full scale war will have the involvement of Pakistan and terror elements, insurgents and intelligence assets operating inside India",' warns Lieutenant General Prakash Katoch (retd).

PIX: Here is how states celebrate 78th Independence Day

PIX: Here is how states celebrate 78th Independence Day

Rediff.com15 Aug 2024

Independence Day was celebrated across states and Union territories on Thursday, as several chief ministers announced job schemes while some others vowed their support for Prime Minister Narendra Modi's vision of a Viksit Bharat by 2047.

Taxing ultra-wealthy can boost GDP by 2.73%: Piketty-backed Study

Taxing ultra-wealthy can boost GDP by 2.73%: Piketty-backed Study

Rediff.com24 May 2024

The paper said that the taxation proposal needs to be accompanied by explicit redistributive policies to support the poor, lower castes, and middle classes.

'Consequence of...': India reacts to violent protests in PoK

'Consequence of...': India reacts to violent protests in PoK

Rediff.com17 May 2024

Two days ago, External Affairs Minister S Jaishankar asserted that Pakistan-occupied Kashmir was, is and will always be part of India.

How hosting Euro 2024 could impact the German economy

How hosting Euro 2024 could impact the German economy

Rediff.com14 May 2024

An overview of how the tournament could give it a welcome boost...

Over 7,200 Indian students return home post Bangladesh unrest: Govt

Over 7,200 Indian students return home post Bangladesh unrest: Govt

Rediff.com9 Aug 2024

The high commission of India in Dhaka and the assistant high commissions in Chittagong, Rajshahi, Sylhet and Khulna have been assisting in the voluntary return of Indian nationals, he said.

Biden not stepping down from poll race: White House

Biden not stepping down from poll race: White House

Rediff.com4 Jul 2024

Biden, 81, is increasingly receiving calls from Democratic Party leaders and editorial boards of mainstream American media to step down from the presidential race and let others from the party lead them in the November 5 elections. So far, he has resisted these calls.

Unemployment rate dips to 6.7% in Q4

Unemployment rate dips to 6.7% in Q4

Rediff.com15 May 2024

The unemployment rate for people aged 15 years and above in urban areas declined to 6.7 per cent in the January-March period from 6.8 per cent a year ago, according to the National Sample Survey Survey (NSSO). Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force. The unemployment rate in the March quarter of FY23 was 6.8 per cent, while it was 6.6 per cent in April-June as well as in the third quarter (July-September 2023) of the previous fiscal.

'Don't Panic! India Is An Oasis Of Calm!'

'Don't Panic! India Is An Oasis Of Calm!'

Rediff.com8 Aug 2024

'The structural story of India is a multi-decadal story.' 'One should stay invested in that story and avoid reacting to what is happening globally.'

Bihar prohibition helps prevent 21L intimate partner violence, finds study

Bihar prohibition helps prevent 21L intimate partner violence, finds study

Rediff.com26 May 2024

The ban is also estimated to have prevented 18 lakh men in the state from becoming overweight or obese, it said.

UK polls: Sunak, rival Starmer hit temple trail to woo British Hindu voters

UK polls: Sunak, rival Starmer hit temple trail to woo British Hindu voters

Rediff.com2 Jul 2024

While 44-year-old Sunak was at the BAPS Shri Swaminarayan Mandir in Neasden on Sunday to promise to keep trying to "make the community proud", 61-year-old Starmer chose another north London Swaminarayan Temple in Kingsbury on Friday to reiterate his commitment to building a "strategic partnership with India".

Factors that will guide markets this week

Factors that will guide markets this week

Rediff.com2 Jan 2022

Macroeconomic data announcement, Omicron situation and global trends will be the major driving factors for the equity market in the first week of the new year 2022, according to analysts. In what turned out to be a historic year, the Indian stock indices went past multiple milestones and the 30-share Sensex made an annual gain of 10,502.49 points or 21.99 per cent in 2021. Religare Broking Vice-President (Research) Ajit Mishra said, "This week marks the beginning of a new month and participants will be closely eyeing some crucial high-frequency data like monthly auto sales, India manufacturing PMI and India services PMI. "Besides, updates on the COVID-19 situation and performance of global markets will also be critical."

Budget 2024: Gold prices crash by Rs 3,350

Budget 2024: Gold prices crash by Rs 3,350

Rediff.com23 Jul 2024

Gold prices tumbled by Rs 3,350 to Rs 72,300 per 10 grams in the local market in New Delhi on Tuesday amid subdued demand by jewellers after the government announced the customs duty cut on the yellow metal and silver to 6 per cent.

India The Diplomatic Ambassador In Global Crises

India The Diplomatic Ambassador In Global Crises

Rediff.com16 Sep 2024

Times have changed, situations have changed, but the basic nature of superpower geo-politics remains the same and so also India's diplomacy -- call it non-alignment, strategic autonomy or neutrality; it all depends on the time scale, notes Rup Narayan Das.

'Ananya Gives It Her 100%'

'Ananya Gives It Her 100%'

Rediff.com10 Sep 2024

'In anything in life, privilege helps.' 'Privilege means access. Access means connections.' 'Does it help? Of course, it does. In whatever you do.'

Sensex tanks 928 points to close at 3-week low

Sensex tanks 928 points to close at 3-week low

Rediff.com22 Feb 2023

From the Sensex pack, Bajaj Finance, Bajaj Finserv, Reliance Industries, Wipro, HDFC Bank, HDFC, ICICI Bank and Tata Steel were the major laggards. ITC was the lone winner in the Sensex pack.

B'desh crisis: 'India will have to be very vigilant on border'

B'desh crisis: 'India will have to be very vigilant on border'

Rediff.com6 Aug 2024

'Everyone in Dhaka today is aware that that they need good relations, normal relations with India, but the question... but it's premature to think about that now, right now it is a crisis moment'

Economic recovery is not complete

Economic recovery is not complete

Rediff.com4 Dec 2020

The recovery seen in the increased economic activity till September or October is running out of steam. Labour statistics indicate a substantial slowing down of the economy in November, notes Mahesh Vyas.

'Can We In Our Businesses Set An Example?'

'Can We In Our Businesses Set An Example?'

Rediff.com10 Oct 2024

'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'

How To Curb Speculation In F&Os

How To Curb Speculation In F&Os

Rediff.com13 Jul 2024

'Sebi had no problem with derivatives until trading exploded after Covid.' 'But now, having built a dangerous road, from which different entities, mainly governments, are extracting a heavy toll, Sebi is concerned that people are driving on it in much greater numbers,' explains Debashis Basu.

'BJP Takes Electorate For Granted In Its Arrogance'

'BJP Takes Electorate For Granted In Its Arrogance'

Rediff.com1 Jun 2024

'The ceaseless process of privatisation is shrinking the space of reservation.' 'Where will reservation go if you keep privatising?'

IndusInd Bank stock hits 52-week high, yet valuations inexpensive

IndusInd Bank stock hits 52-week high, yet valuations inexpensive

Rediff.com22 Jun 2023

Banks enjoyed an expansion in Net Interest Margins (or NIMs) as well as in credit demand through the 2022-23 financial year (FY23). The credit expansion was because economic growth continued to recover from the Covid-19 years, and indeed, second half GDP growth surprised on the upside. The NIM expansion was because banks raised lending rates immediately (in many cases automatically due to floaters) as the Reserve Bank of India (RBI) hiked policy rates, and only started raising deposit rates late into the fiscal.

Blow to Imran Khan as Pak govt to ban his party for anti-state activities

Blow to Imran Khan as Pak govt to ban his party for anti-state activities

Rediff.com15 Jul 2024

Khan, 71, has been lodged at the Adiala Jail in Rawalpindi on account of multiple cases against him.

2 BIG factors that will guide markets this week

2 BIG factors that will guide markets this week

Rediff.com28 Aug 2022

Trading in the domestic stock market would be influenced by trends in the global equities, macroeconomic data and foreign fund movement in a holiday-shortened week, analysts said. Markets may face volatile trends on Monday after Federal Reserve Chair Jerome Powell's speech at the Fed's annual economic symposium in Jackson Hole on Friday.

Unemployment rate dips to 3.1% in 2023

Unemployment rate dips to 3.1% in 2023

Rediff.com5 Mar 2024

Unemployment rate for persons aged 15 years or above declined to 3.1 per cent in 2023, the lowest in the last three years, as per a report of National Sample Survey Organisation under the statistics ministry. According to Periodic Labour Force Survey (PLFS) for calender year 2023, the unemployment rate came down to 3.1 per cent in 2023 from 3.6 per cent in 2022 and 4.2 per cent in 2021. Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force.

3 factors that will dictate markets this week

3 factors that will dictate markets this week

Rediff.com8 Aug 2021

Markets this week would be guided by the ongoing quarterly earnings, macroeconomic data announcement and global trends, analysts said. The government will release industrial production data for June and inflation data for July this week. The RBI has revised its retail inflation forecast to 5.7 per cent, up from the earlier 5.1 per cent due to price pressure on account of supply constraints and high crude oil prices.

What new UK PM Keir Starmer's win means for India

What new UK PM Keir Starmer's win means for India

Rediff.com5 Jul 2024

'What my Labour government will seek with India is a relationship based on our shared values of democracy and aspiration. That will seek a free trade agreement (FTA), we share that ambition, but also a new strategic partnership for global security, climate security, economic security'

UPSC cracks down on IAS officer Puja Khedkar, files FIR for forgery

UPSC cracks down on IAS officer Puja Khedkar, files FIR for forgery

Rediff.com19 Jul 2024

Khedkar, a 2023 batch Indian Administrative Service officer, was accused of misusing power and privileges during her training in Pune recently.

Budget: Time To Bet On Big Ideas

Budget: Time To Bet On Big Ideas

Rediff.com16 Jul 2024

The generation of quality jobs and skill development should be the focal point, cutting across ministries and departments, asserts Nivedita Mookerji.

ED to quiz J'khand minister Alamgir Alam after Rs 37-cr cash seizure

ED to quiz J'khand minister Alamgir Alam after Rs 37-cr cash seizure

Rediff.com12 May 2024

Alamgir Alam had distanced himself from the activities of Lal while speaking to reporters after the ED raids, pointing out that he had earlier served with other ministers of the state government too.

'Even If We Have To Die, We Won't Let This Port Come Up'

'Even If We Have To Die, We Won't Let This Port Come Up'

Rediff.com13 Sep 2024

'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'

Will Budget Cause Trouble For Modi?

Will Budget Cause Trouble For Modi?

Rediff.com29 Jul 2024

'Union Budgets are often used as political instruments and that was the intention of this government too.' 'But while the exercise has settled two fronts, it has left open several others and this has the potential to aggravate with time,' predicts Nilanjan Mukhopadhyay.

NEET row: NTA DG shunted out; Centre orders CBI probe

NEET row: NTA DG shunted out; Centre orders CBI probe

Rediff.com23 Jun 2024

The Centre on Saturday night announced that the probe into alleged irregularities in the medical entrance exam NEET will be handed over to the CBI for a comprehensive investigation.

Crisis-hit Sri Lanka lifts state of emergency after 2 weeks

Crisis-hit Sri Lanka lifts state of emergency after 2 weeks

Rediff.com21 May 2022

Embattled Sri Lankan President Gotabaya Rajapaksa had declared a state of emergency with effect from May 6 midnight, the second time in just over a month amidst growing countrywide anti-government protests over the economic crisis.

Sri Lanka declares emergency amidst protests over economic crisis

Sri Lanka declares emergency amidst protests over economic crisis

Rediff.com2 Apr 2022

Sri Lanka has also imposed a police curfew in Western Province for six hours.

Remembering Sushmaji's Twitter Diplomacy

Remembering Sushmaji's Twitter Diplomacy

Rediff.com24 Jun 2024

Ms Swaraj was a conscientious woman who understood suffering and pathos and attempted in her inimitable way to mitigate them, recalls Rup Narayan Das.

Amazon funding religious conversions in north-east, charges RSS weekly Organiser

Amazon funding religious conversions in north-east, charges RSS weekly Organiser

Rediff.com15 Nov 2022

RSS-linked weekly Organiser has accused US e-commerce giant Amazon of financing a "Christian conversion module" in India's northeastern states and being involved in suspected money laundering.

Next NDA Meeting May Propose Bihar Package

Next NDA Meeting May Propose Bihar Package

Rediff.com6 Jun 2024

'There is also a possibility that Andhra Pradesh may demand a similar package. But as of now, we are only working on a package for Bihar.'

The RBI Story: 90 Years And Going Strong

The RBI Story: 90 Years And Going Strong

Rediff.com24 Apr 2024

Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.

Omicron adds new uncertainties to global economic outlook: Moody's

Omicron adds new uncertainties to global economic outlook: Moody's

Rediff.com29 Nov 2021

The Omicron variant of Covid-19 adds new uncertainties to the global economic outlook but much will depend on its speed of transmission, hospitalisation and death rates, and also the effectiveness of vaccines, Moody's Analytics said on Monday. In its commentary titled 'Much to Learn About Omicronast', Moody's Analytics said although the variant appears to spread "remarkably quickly", it will be at least two more weeks before more will be known about this new variant. "The Omicron variant of COVID-19 adds new measures of uncertainty to the outlook for the global economy, although it is too soon to adequately quantify that risk.