News for 'Economy'

How Punjab Is Strengthening Public Safety And Rural Economy

How Punjab Is Strengthening Public Safety And Rural Economy

Rediff.com1 May 2026

The Punjab Cabinet has approved a series of measures aimed at enhancing public safety through forensic science upgrades and boosting rural incomes with a new farm stay policy.

India's Grand Plan To Bring Formula One Back

India's Grand Plan To Bring Formula One Back

Rediff.com20 Jun 2026

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.

Why Rupee's Pain Is Self-Inflicted

Why Rupee's Pain Is Self-Inflicted

Rediff.com9 Jun 2026

Why would a country that requires close to $90 billion in net foreign capital annually to create jobs, build productive capacity, and sustain rapid growth permit $30 billion of capital to flow abroad, thereby contributing to pressure on the rupee? asks Debashis Basu.

Keir Starmer resigns as British PM, Andy Burnham likely successor

Keir Starmer resigns as British PM, Andy Burnham likely successor

Rediff.com22 Jun 2026

British Prime Minister and Labour Party leader Keir Starmer has announced his resignation, stating he will remain in post until a successor is elected by mid-July. The decision follows questions from his parliamentary party regarding his leadership for the next general election, with Andy Burnham widely tipped as a potential successor.

'Market Has Become Excessively Bearish On India'

'Market Has Become Excessively Bearish On India'

Rediff.com11 Jun 2026

'When I look at India's relative valuations, these are by far the lowest I have seen in my 35-year career.' 'The relative 12-month trailing performance is among the weakest I have seen, and foreign investor positioning is at a 16-17 year low.'

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.

Time To Choose Growth Over Rupee Fear

Time To Choose Growth Over Rupee Fear

Rediff.com11 Jun 2026

The primary objective should be to figure out a way to grow at 7 to 7.5 per cent with inflation around 4 per cent. Any policy that can help us get there must be experimented with. Those that work should stay. Those that do not should go, suggests Karan Bhasin.

World Bank ups India's FY27 growth to 6.6% amid global slowdown

World Bank ups India's FY27 growth to 6.6% amid global slowdown

Rediff.com12 Jun 2026

The World Bank has increased India's economic growth projection for FY27 to 6.6 per cent, citing resilient domestic demand, while simultaneously cutting its global economic growth outlook due to the conflict in West Asia.

RIL to build Meta's first AI data centre in India

RIL to build Meta's first AI data centre in India

Rediff.com11 Jun 2026

Meta has partnered with Reliance Industries Ltd (RIL) to construct its first AI-powered data centre in India, a 168-megawatt facility located in Jamnagar, marking a significant milestone in Meta's global infrastructure expansion and deepening its strategic partnership with Reliance.

Lost many nationals in attacks on ships in Gulf, India tells UN

Lost many nationals in attacks on ships in Gulf, India tells UN

Rediff.com11 Jun 2026

India has expressed firm opposition to attacks on merchant shipping amidst the ongoing Iran conflict, revealing that several Indian nationals have died or are missing due to these incidents. The nation also called for restraint, de-escalation, and prioritising civilian safety in the region.

India-UK trade pact: 85% of India's exports out of British steel measures

India-UK trade pact: 85% of India's exports out of British steel measures

Rediff.com17 Jun 2026

India has successfully negotiated the protection of its steel export interests under the free trade agreement with the UK, ensuring 85 per cent of its outbound shipments remain outside Britain's steel safeguard measures. This consensus addresses a key sticking point ahead of the comprehensive economic and trade agreement (CETA) coming into force on July 15.

'China, India should stick to being strategic partners, not rivals'

'China, India should stick to being strategic partners, not rivals'

Rediff.com8 Jun 2026

A Chinese official stated that India and China should view each other as cooperative partners and opportunities for development, not rivals or threats. This statement came in response to Russian President Vladimir Putin's comments on the independent and strong ties Russia maintains with both nations, emphasising non-interference in India-China relations.

TN CM Vijay carries forward DMK govt-initiated Rs 38,000-crore Hyundai project

TN CM Vijay carries forward DMK govt-initiated Rs 38,000-crore Hyundai project

Rediff.com19 Jun 2026

Tamil Nadu's new government, led by C Joseph Vijay, is committed to advancing the ~38,000 crore shipbuilding project with HD Hyundai in Thoothukudi, securing bipartisan support from the Opposition DMK, despite initial industry concerns about policy continuity after the change in leadership.

Wholesale Price Inflation Hits 9.68% in May, Driven by Fuel, Food Costs

Wholesale Price Inflation Hits 9.68% in May, Driven by Fuel, Food Costs

Rediff.com15 Jun 2026

India's wholesale price index (WPI) inflation surged to 9.68 per cent in May, up from 8.26 per cent in April, primarily due to significant increases in the prices of fuel and power, manufactured goods, and food items.

AI Learning Breaks Engineering Barriers

AI Learning Breaks Engineering Barriers

Rediff.com19 Jun 2026

AI is no longer a tool only for software engineers and technology teams.

Ravi Bishnoi Determined to End Stop-Start India Career, Targets 2028 T20 World Cup Spot

Ravi Bishnoi Determined to End Stop-Start India Career, Targets 2028 T20 World Cup Spot

Rediff.com20 Jun 2026

Ravi Bishnoi opens up on missing three T20 World Cups, his desire to become a permanent fixture in India's T20 side, and his goal of securing a place in the 2028 World Cup squad.

Air India introduces basic fare category without complimentary meals

Air India introduces basic fare category without complimentary meals

Rediff.com17 Jun 2026

Loss-making Air India has introduced a new 'Basic Fare' category for select domestic flights, which does not include complimentary meals, as part of its efforts to trim expenses amid rising operational costs.

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.

Modi-Trump G7 meeting to focus on trade deal, strategic ties

Modi-Trump G7 meeting to focus on trade deal, strategic ties

Rediff.com17 Jun 2026

Prime Minister Narendra Modi and US President Donald Trump are set to hold comprehensive talks focusing on a bilateral trade deal, defence cooperation, and energy and critical minerals sectors during the G7 summit in Evian-les-Bains, France.

Strikes Shake India's Gig Economy

Strikes Shake India's Gig Economy

Rediff.com21 Feb 2026

Two of the three strikes are related to the gig economy, a centrepiece of the new labour Codes.

Sovereignty paramount in drug cases, rules SC; cancels accused's bail

Sovereignty paramount in drug cases, rules SC; cancels accused's bail

Rediff.com2 Jun 2026

The Supreme Court has ruled that national sovereignty takes precedence over personal liberty, particularly in cases involving drug trafficking and psychotropic substances. The ruling came as the court overturned a High Court order granting bail to an accused drug trafficker.

Modi, Trump share warm meeting at G7 amid strained ties

Modi, Trump share warm meeting at G7 amid strained ties

Rediff.com16 Jun 2026

Prime Minister Narendra Modi and US President Donald Trump exchanged pleasantries and held a brief conversation at the G7 summit, their first in-person encounter in 16 months, setting the stage for high-stakes bilateral talks amidst continuing strain in India-US relations.

Is All Well With US-Iran MoU?

Is All Well With US-Iran MoU?

Rediff.com20 Jun 2026

Much will depend on how the protagonists use the current interlude to work proactively for the beginning of a durable settlement or, on the contrary, prepare for a new round of escalation, points out Ambassador M K Bhadrakumar.

Kashmir airport to shut for runway repairs, tourism sector fears hit

Kashmir airport to shut for runway repairs, tourism sector fears hit

Rediff.com2 Jun 2026

Srinagar International Airport will suspend all flight operations for 15 days from October 1 for crucial runway maintenance, raising alarm bells within the tourism industry that fears the shutdown will deal a massive blow to the sector as it directly clashes with the peak Durga Puja holiday season.

Someone Else Owns India's Off Switch

Someone Else Owns India's Off Switch

Rediff.com17 Jun 2026

A sovereign cloud, our own DNS root and Root CA, a defence-led research base that builds for keeps, and a real national cybersecurity strategy that outlives electoral cycles are not vanity projects. They are the difference between a nation that can be switched off and one that cannot, points out Venkata Satish Guttula.

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.

Maruti Suzuki launches India's first flex-fuel Wagon R, boosting ethanol adoption

Maruti Suzuki launches India's first flex-fuel Wagon R, boosting ethanol adoption

Rediff.com4 Jun 2026

Maruti Suzuki India Ltd has launched the Wagon R, India's first flex-fuel car, capable of running on any blend of ethanol and petrol from E20 to E100, aligning with national energy security and sustainability goals.

India's economy to grow above 7% in FY27 despite global slowdown risks: Assocham

India's economy to grow above 7% in FY27 despite global slowdown risks: Assocham

Rediff.com27 Mar 2026

India's economy is projected to maintain growth above 7 per cent in 2026-27 (FY27), supported by strong domestic consumption and investment, even as global growth faces risks from geopolitical tensions, according to industry body Assocham.

Rs 15k SIP: 'Invest in Flexi-Cap or Mid-Cap MFs?'

Rs 15k SIP: 'Invest in Flexi-Cap or Mid-Cap MFs?'

Rediff.com16 Jun 2026

rediffGURU Ulhas Joshi answers your mutual fund queries.

UN cuts India's 2026 GDP forecast to 6.4%, cites global uncertainties

UN cuts India's 2026 GDP forecast to 6.4%, cites global uncertainties

Rediff.com20 May 2026

The United Nations has revised downward India's economic growth forecast for 2026 to 6.4 per cent from an earlier 6.6 per cent, attributing the change to global uncertainties and economic shocks stemming from the ongoing West Asia crisis.

Rupee Fall Exposes India's Economic Weakness

Rupee Fall Exposes India's Economic Weakness

Rediff.com27 May 2026

We who were dreaming of being the third largest economy in dollar terms, have slid back to sixth, thanks to the falling rupee. We are moving about with begging bowls for investments and trade opportunities, which will be a while in materialising, if ever, notes Shreekant Sambrani.

Pakistan Rejects India's PoK Allegations, Issues Water Warning

Pakistan Rejects India's PoK Allegations, Issues Water Warning

Rediff.com11 Jun 2026

Pakistan has criticised India's recent remarks on Pakistan-occupied Kashmir (PoK) protests, asserting it is addressing issues democratically. Pakistan also warned India against blocking water, calling it an "act of war," and commented on India's nuclear capabilities and its own military strikes in Afghanistan.

'Europe sells weapons, which are used to attack India': Jaishankar slams Western 'hypocrisy'

'Europe sells weapons, which are used to attack India': Jaishankar slams Western 'hypocrisy'

Rediff.com12 Jun 2026

External Affairs Minister S Jaishankar has strongly defended India's decision to purchase Russian crude oil, stating that the country's energy choices are based on cost and availability, and highlighting the West's 'hypocrisy' in criticising India while historically supplying weapons used against it.

Which Is India's Fastest Growing State?

Which Is India's Fastest Growing State?

Rediff.com27 May 2026

Assam emerged as the fastest-growing large state with a remarkable 17.3 per cent nominal GDP CAGR over five years.

What's Delcy Rodriguez Doing In Delhi?

What's Delcy Rodriguez Doing In Delhi?

Rediff.com4 Jun 2026

Venezuela's Interim President Delcy Rodriguez is in New Delhi on her sixth visit to India.

'I love Modi. India can count on me 100%': Trump's phone call at live Delhi event

'I love Modi. India can count on me 100%': Trump's phone call at live Delhi event

Rediff.com25 May 2026

US President Donald Trump reiterated his strong support for India and Prime Minister Narendra Modi, declaring that 'India can count on me 100 per cent' during a celebratory event marking the 250th anniversary of American independence in New Delhi.

Hormuz Crisis Threatens Global Economy

Hormuz Crisis Threatens Global Economy

Rediff.com12 Mar 2026

When missiles fly in this region, they are never just aimed at military targets.

PSU External Borrowings May Top $15 Billion in FY27 Amid RBI Incentives

PSU External Borrowings May Top $15 Billion in FY27 Amid RBI Incentives

Rediff.com8 Jun 2026

State-owned enterprises in India are projected to significantly increase their overseas borrowings, potentially exceeding $15 billion in FY27, driven by the Reserve Bank of India's new concessional forex swap facility which offers a 3 per cent funding-cost advantage.

Paint Majors' Outlook Brightens on Robust Demand, Strategic Price Hikes

Paint Majors' Outlook Brightens on Robust Demand, Strategic Price Hikes

Rediff.com8 Jun 2026

Indian paint majors, including Asian Paints, Berger Paints, and Kansai Nerolac, reported better-than-expected performance in Q4FY26, driven by steady demand, improved product mix, and strategic price hikes. The sector is also benefiting from reduced competitive intensity as new players also increase prices, narrowing the gap with incumbents.

Moody's: Indian banks 'more exposed' to West Asia crisis impact

Moody's: Indian banks 'more exposed' to West Asia crisis impact

Rediff.com27 May 2026

Moody's Ratings has highlighted that Indian banks are among the most exposed in the Asia-Pacific region to the West Asia crisis, primarily due to India's high dependence on energy imports, which could lead to increased inflation, higher interest rates, and strained borrower cash flows.