News for 'Economic Affairs'

Subbarao is economic affairs secy

Subbarao is economic affairs secy

Rediff.com1 May 2007

Duvvuri Subbarao on Monday joined as secretary, department of economic affairs, Ministry of Finance. He belongs to the 1972 batch of the Indian Administrative Service (Andhra Pradesh cadre).

Jaishankar meets Rubio at UNGA, shares concerns on sanctions bill

Jaishankar meets Rubio at UNGA, shares concerns on sanctions bill

Rediff.com23 Sep 2026

External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio on the sidelines of the UN General Assembly session in New York. India raised its concerns regarding the recently signed "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026," which authorises tariffs on countries buying Russian oil and gas. Both leaders also discussed bilateral relations, regional priorities, and the situations in the Gulf and Ukraine.

Serial practitioner of terrorism: Jaishankar slams Pak PM Sharif at UNGA

Serial practitioner of terrorism: Jaishankar slams Pak PM Sharif at UNGA

Rediff.com4 days ago

India's External Affairs Minister S Jaishankar, addressing the UN General Assembly, strongly criticised Pakistan for its support of terrorism, asserting India's right to self-defence and stating that friendship cannot coexist with terrorism. He also highlighted India's global responsibilities, contributions to the Global South, and its stance on reformed multilateralism and AI.

Will Modi Visit Pakistan Next Year?

Will Modi Visit Pakistan Next Year?

Rediff.com2 days ago

Given the current friction in ties, such a visit looks unlikely at this juncture.

Will take steps to...: India reacts to US sanctions bill

Will take steps to...: India reacts to US sanctions bill

Rediff.com17 Sep 2026

India has stated its commitment to protecting its economic interests and ensuring energy security after the US House of Representatives passed a bill allowing the US President to impose tariffs of up to 100 per cent on countries, including India and China, for purchasing Russian crude oil. The Ministry of External Affairs affirmed India's resolve to maintain diversified energy sourcing and has articulated its concerns to US interlocutors regarding the bill's potential implications.

Govt forms cabinet committees on security, economic affairs; includes allies

Govt forms cabinet committees on security, economic affairs; includes allies

Rediff.com3 Jul 2024

The members of the cabinet committees included Union ministers from the Bharatiya Janata Party and its National Democratic Alliance partners like Janata Dal-United, Telugu Desam Party, Janata Dal-Secular, Shiv Sena and Lok Janshakti Party-Ram Vilas.

India condemns Houthi attacks on Saudi Arabia, urges regional stability

India condemns Houthi attacks on Saudi Arabia, urges regional stability

Rediff.com16 Sep 2026

India has expressed serious concern over Houthi attacks on Saudi Arabia's civilian infrastructure and economic assets, stating that such actions threaten regional stability and freedom of navigation through the Bab-el-Mandeb strait. External Affairs Minister S Jaishankar discussed the issue with his Saudi counterpart. India also condemned the targeting of commercial shipping after an Indian national went missing following an attack on a Panama-flagged ship off Oman.

World leaders ill after attending BRICS Summit? MEA says...

World leaders ill after attending BRICS Summit? MEA says...

Rediff.com18 Sep 2026

The Ministry of External Affairs (MEA) has issued a warning against 'malicious' and 'misleading' social media posts concerning the health of world leaders, specifically Chinese President Xi Jinping and South African President Cyril Ramaphosa, who attended the recent BRICS Summit in New Delhi. The warning comes amidst unverified claims about Xi's health and an official statement from Ramaphosa's office confirming his withdrawal from public engagements due to ill health.

What Did Modi Say To Make Putin, Xi Smile?

What Did Modi Say To Make Putin, Xi Smile?

Rediff.com13 Sep 2026

The 18th BRICS Summit got underway in New Delhi with leaders of partner countries gathering in the capital to discuss the changing global economic and geopolitical landscape.

Wars, tariffs test BRICS unity as leaders gather in Delhi

Wars, tariffs test BRICS unity as leaders gather in Delhi

Rediff.com11 Sep 2026

The BRICS summit in New Delhi brings together leaders from major emerging economies to address global challenges like trade disputes, geopolitical upheavals, and the economic impact of conflicts in Ukraine and West Asia. India, as chair, aims to position BRICS as an economic growth engine, focusing on the Global South's food, energy, and supply chain security. The summit also highlights the grouping's expansion and its growing influence in global governance.

West Asia Crisis May Hit FY27 Fiscal Deficit

West Asia Crisis May Hit FY27 Fiscal Deficit

Rediff.com18 Aug 2026

The fiscal consolidation path and Rs 1 trillion stabilisation fund provide room to absorb mild shocks, but sustained oil-price increases pose risks.

Article 370 to 'vote chori': When Gyanesh Kumar made headlines

Article 370 to 'vote chori': When Gyanesh Kumar made headlines

Rediff.com23 Sep 2026

Chief Election Commissioner Gyanesh Kumar is facing significant scrutiny after an investigation revealed objections from his fellow election commissioners, Sukhbir Singh Sandhu and Vivek Joshi, regarding decisions made during the Special Intensive Revision of voter lists. The objections, reportedly made at least 14 times, concerned issues like changes to voter registration forms and centralised control over electoral roll databases, intensifying criticism of Kumar's tenure and the EC's impartiality.

Arunachal activist booked over foreign funds for anti-dam protests

Arunachal activist booked over foreign funds for anti-dam protests

Rediff.com15 Sep 2026

The CBI has registered a case against Arunachal Pradesh environmental activist and lawyer Bhanu Tatak for allegedly receiving Rs 20.94 lakh in foreign funds without mandatory FCRA registration or prior permission. The agency claims these funds were used to organise and sustain protests against two hydropower projects in the state. A preliminary enquiry indicated Tatak received foreign contributions directly into her personal account and did not file income tax returns declaring these funds.

Modi-Pezeshkian meet: India calls for dialogue in West Asia, safe navigation

Modi-Pezeshkian meet: India calls for dialogue in West Asia, safe navigation

Rediff.com11 Sep 2026

Prime Minister Narendra Modi hosted Iranian President Masoud Pezeshkian in New Delhi for talks focusing on the West Asia situation, bilateral relations, and BRICS cooperation. The meeting, Pezeshkian's first visit to India as president, comes amidst heightened tensions in West Asia due to new US sanctions on Iran and concerns over global oil supplies from the Strait of Hormuz. Both leaders emphasised regional stability and economic resilience.

'Washington Shouldn't Threaten A Strategic Partner'

'Washington Shouldn't Threaten A Strategic Partner'

Rediff.com18 Sep 2026

'It is a blunt and dangerous attempt to pressure India to sign BTA on one-sided terms.'

How BRICS evolved from an acronym to a major global powerhouse

How BRICS evolved from an acronym to a major global powerhouse

Rediff.com10 Sep 2026

This article details the quarter-century journey of BRICS, from its inception as an economic acronym by a Goldman Sachs economist to its current status as an expanded eleven-member international bloc. It highlights its growth, key historical moments, and the significance of its upcoming summit, particularly with Iran's renewed importance in discussions.

Xi outlines four-point formula to reset India-China ties

Xi outlines four-point formula to reset India-China ties

Rediff.com12 Sep 2026

During the 18th BRICS Summit in New Delhi, Chinese President Xi Jinping and Prime Minister Narendra Modi held a bilateral meeting, outlining a four-point approach for the steady and long-term development of China-India relations. The leaders stressed strategic understanding, win-win cooperation, mutual respect, and inclusive multilateral engagement, reaffirming their commitment to resolving the boundary question and addressing economic concerns. They also discussed global challenges and strengthening people-to-people ties.

The Importance Of Veer Guardian

The Importance Of Veer Guardian

Rediff.com21 Sep 2026

The political confidence required to place high-end Japanese aircraft and personnel on Indian soil is itself a data point.
It indicates a level of trust that would have been difficult to imagine when India-Japan defence ties were largely symbolic, explains Varun Arya.

India sounds alarm over security, navigation risks amid Red Sea tensions

India sounds alarm over security, navigation risks amid Red Sea tensions

Rediff.com18 Sep 2026

India has once again raised alarms over the escalation in the security situation in the Red Sea area and strongly condemned Houthi strikes targeting Saudi Arabian territory, "including on civilians and economic assets."

India, China ties must follow 'three mutuals', Modi tells Xi

India, China ties must follow 'three mutuals', Modi tells Xi

Rediff.com16 Sep 2026

Prime Minister Narendra Modi, in bilateral talks with Chinese President Xi Jinping, emphasized that both nations must show sensitivity to each other's core issues and be guided by mutual respect, sensitivity, and interest. Modi highlighted the critical importance of peace and tranquillity along the Line of Actual Control for the development of India-China relations, while also addressing concerns regarding Taiwan and Tibet.

Xi by his side, Modi warns against 'weaponisation of tech'

Xi by his side, Modi warns against 'weaponisation of tech'

Rediff.com14 Sep 2026

Prime Minister Narendra Modi cautioned against the 'weaponisation' of technology and critical minerals at the BRICS summit, advocating for cooperation to foster shared prosperity. Concurrently, Chinese President Xi Jinping announced plans for an open-source AI ecosystem for BRICS nations, positioning Beijing as a key technology partner amid global AI competition.

Consumer Affairs Ministry To Develop AI-Powered SMART Standards

Consumer Affairs Ministry To Develop AI-Powered SMART Standards

Rediff.com4 Jun 2026

The Consumer Affairs Ministry is developing machine-readable SMART standards using AI to reduce industry compliance burden. This initiative aims to modernise India's standards ecosystem, with the Bureau of Indian Standards transitioning from a regulator to a facilitator, promoting private sector testing and faster processes.

Modi at BRICS: Global South must be 'rule shaper, not follower'

Modi at BRICS: Global South must be 'rule shaper, not follower'

Rediff.com13 Sep 2026

Prime Minister Narendra Modi, addressing the BRICS summit, called for a fundamental shift in global governance, advocating for the replacement of the current 'pyramid of privilege' with a 'platform of partnership' where the Global South becomes a 'rule shaper' rather than a 'rule follower'.

BRICS summit begins at 2.35 pm on Saturday, ends with New Delhi declaration on Sunday

BRICS summit begins at 2.35 pm on Saturday, ends with New Delhi declaration on Sunday

Rediff.com10 Sep 2026

India is hosting the BRICS summit, leveraging the platform to address global trade tensions and champion the developmental priorities of the Global South, including food, energy, and supply chain security. The summit, attended by leaders like President Xi Jinping and Vladimir Putin, will focus on resilience, innovation, cooperation, and sustainability, with India aiming to strengthen intra-BRICS collaboration and discuss global matters. The expanded BRICS grouping represents a significant portion of the world's population and GDP, making its discussions crucial for global economic stability.

India on watch as Trump may sign Russia sanctions bill today

India on watch as Trump may sign Russia sanctions bill today

Rediff.com19 Sep 2026

US President Donald Trump is expected to sign the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 later on Friday (local time). A White House official confirmed the development to ANI without revealing further details.

Modi-Xi Meet: Why The Road Ahead Is Tough

Modi-Xi Meet: Why The Road Ahead Is Tough

Rediff.com14 Sep 2026

'Xi is conveying that China is a pre-eminent power, and India should modulate its actions or approaches accordingly.'

Bangladesh wants to 'reset' ties with India

Bangladesh wants to 'reset' ties with India

Rediff.com13 Sep 2026

Bangladesh's State Minister for Foreign Affairs, Humaiun Kobir, announced that the country seeks to "reset" its relationship with India, moving towards a new bilateral engagement based on mutual interests. He described ties during the previous government's tenure as "uncomfortable" and emphasised the need for Bangladesh to approach India as "just another country," focusing on balanced relations rather than an "excessive preoccupation." This comes after Bangladesh's Prime Minister Tarique Rahman did not attend the BRICS Summit in India.

Modi, Putin bolster trade, defence, energy ties; discuss Ukraine peace efforts

Modi, Putin bolster trade, defence, energy ties; discuss Ukraine peace efforts

Rediff.com11 Sep 2026

Prime Minister Narendra Modi and Russian President Vladimir Putin held extensive discussions to strengthen bilateral trade, defence, and energy cooperation, while also addressing the ongoing Ukraine conflict and exploring avenues for peace and resolution, with Modi reiterating India's call for dialogue and diplomacy.

Tata Chemicals Vows to Resolve Outstanding Issues After Kenya's Shutdown Order

Tata Chemicals Vows to Resolve Outstanding Issues After Kenya's Shutdown Order

Rediff.com4 Sep 2026

Tata Chemicals has stated its commitment to resolving outstanding issues with the Kenyan government after President William Ruto reportedly ordered its subsidiary, Tata Chemicals Magadi Ltd, to cease operations, citing a lack of benefit to citizens.

Modi to Xi: Border peace 'essential' for better ties

Modi to Xi: Border peace 'essential' for better ties

Rediff.com13 Sep 2026

Prime Minister Narendra Modi conveyed to Chinese President Xi Jinping that peace and tranquillity along the frontier remains an "essential" basis for the development of India-China relations, even as the two leaders welcomed "steady progress" in bilateral ties during their talks on the sidelines of the BRICS summit.

Delhi SIR: Advani, Jaishankar, Dhankhar get notices over voter discrepancies

Delhi SIR: Advani, Jaishankar, Dhankhar get notices over voter discrepancies

Rediff.com20 Sep 2026

The Delhi Chief Electoral Officer's office has issued notices to over 33 lakh voters, including former deputy prime minister LK Advani, External Affairs Minister S Jaishankar, and former vice-president Jagdeep Dhankhar, over discrepancies in their electoral roll details. These notices are part of the Special Intensive Revision (SIR) exercise, primarily due to details not matching with the 2002 SIR. Despite concerns raised by some politicians, officials assure that no names will be deleted without due verification and an opportunity for voters to respond.

India Is A Maritime Nation In Geography, Not In Mindset

India Is A Maritime Nation In Geography, Not In Mindset

Rediff.com15 Sep 2026

India may have a vast coastline and a strategic location, but it will become a true maritime nation only when its people understand, value and actively participate in the maritime ecosystem, asserts Vice Admiral Biswajit Dasgupta (retd).

India's payment system interoperability push finds no mention in BRICS declaration

India's payment system interoperability push finds no mention in BRICS declaration

Rediff.com14 Sep 2026

India's proposal to link BRICS payment systems, including central-bank digital currencies (CBDCs), was notably absent from the grouping's New Delhi Declaration, despite being a key agenda item for India's chairmanship. This omission leaves the 16-year effort for trade in local currencies without a settled payment architecture, with the declaration only 'acknowledging' the work of the BRICS Payment Task Force.

Tarun Bajaj returns to finance ministry as economic affairs secretary

Tarun Bajaj returns to finance ministry as economic affairs secretary

Rediff.com1 May 2020

Tarun Bajaj, an old hand at the finance ministry, on Friday assumed charge as the economic affairs secretary. He comes back to North Block at a time when the economy is facing headwinds due to the outbreak of Covid-19 pandemic.

West Asia crisis: Putin assures India of steady energy, fertiliser supplies

West Asia crisis: Putin assures India of steady energy, fertiliser supplies

Rediff.com25 Aug 2026

Russia on Monday assured India of uninterrupted supply of energy and fertilisers amid disruption caused by the West Asia crisis, as External Affairs Minister S Jaishankar met President Vladimir Putin in Moscow and held talks with his key interlocutors.

'How Can You Grow At 7% With These Rates Of Private Investment?'

'How Can You Grow At 7% With These Rates Of Private Investment?'

Rediff.com2 Sep 2026

'You have to get private investment to somewhere between 35% to 36% of GDP. It is hovering about 30%-31%.'

Xi arrives in Delhi for BRICS summit, talks with Modi at 6 pm

Xi arrives in Delhi for BRICS summit, talks with Modi at 6 pm

Rediff.com12 Sep 2026

Chinese President Xi Jinping's first visit to India in seven years for the BRICS Summit and bilateral talks with Prime Minister Narendra Modi is set to address crucial aspects of India-China relations, including trade, investment, and persistent border tensions.

'India Should Stop Listening To The US'

'India Should Stop Listening To The US'

Rediff.com21 Sep 2026

'If you listen to a rowdy in a class, he will keep on bullying you.' 'India can say do whatever you want. We will not compromise on anything.'

BRICS declaration reaches consensus amid Iran-Saudi- UAE rift

BRICS declaration reaches consensus amid Iran-Saudi- UAE rift

Rediff.com12 Sep 2026

BRICS nations have successfully reached a consensus on a joint statement following extensive negotiations, with India playing a crucial role in bridging differences, particularly among West Asian members like Iran, Saudi Arabia, and the UAE, despite regional conflicts and geopolitical tensions.

Putin to brief Modi on Ukraine war at New Delhi summit

Putin to brief Modi on Ukraine war at New Delhi summit

Rediff.com9 Sep 2026

Ahead of President Vladimir Putin's visit to India for the BRICS summit, Russia has expressed support for New Delhi's peace initiatives to resolve the Ukraine conflict. Discussions between Putin and PM Modi will cover defence, energy, technology, and the repatriation of Indian nationals from the Russian military, alongside addressing trade and investment ties.