News for 'Economy'

PM promises Rs 1 lakh crore Innovation Fund for start-ups

PM promises Rs 1 lakh crore Innovation Fund for start-ups

Rediff.com15 Aug 2026

Prime Minister Narendra Modi has called upon India's youth to dream big, assuring them of government support and resources, including a Rs 1 lakh crore Innovation Fund, to bolster the country's burgeoning startup ecosystem and drive its journey towards becoming a developed nation.

India Faces 100% US Tariff Risk Over Russian Oil

India Faces 100% US Tariff Risk Over Russian Oil

Rediff.com14 Aug 2026

The US senate last week passed a bill that would allow Washington to impose tariffs on major buyers of Russian energy.

'FY27 Should Be A Recovery Year For India'

'FY27 Should Be A Recovery Year For India'

Rediff.com19 Aug 2026

'A favourable base, last year's policy measures, the carryover impact of a good monsoon and improving earnings should all help.'

FULL TEXT: President Murmu's address to the nation on eve of 80th I-Day

FULL TEXT: President Murmu's address to the nation on eve of 80th I-Day

Rediff.com15 Aug 2026

In her address to the nation on the eve of the country's 80th Independence Day, the president stressed that just as government and society remain united to ensure national security, everyone must contribute through joint and concerted efforts to safeguard the present and future of students.

M&M's Auto Segment Poised for Near-Term Gains Despite Q1FY27 Margin Contraction

M&M's Auto Segment Poised for Near-Term Gains Despite Q1FY27 Margin Contraction

Rediff.com8 Aug 2026

Mahindra & Mahindra's Q1FY27 results missed consensus estimates due to declining gross margins, but strong demand for its SUV portfolio and strategic price hikes are expected to drive near-term gains, particularly in the auto segment, despite headwinds in farm equipment.

Dreamfly Innovations To Boost India's Drone Battery Production

Dreamfly Innovations To Boost India's Drone Battery Production

Rediff.com27 Jul 2026

Dreamfly Innovations is setting up a 40,000-sq ft aviation battery manufacturing facility in North Bengaluru with an investment of Rs 40 crore. This plant will produce advanced batteries for various drone applications, supporting India's growing drone economy and domestic drone makers.

IIT Indore Pioneers Rapid Waste-To-Chemical Conversion

IIT Indore Pioneers Rapid Waste-To-Chemical Conversion

Rediff.com28 Jul 2026

Researchers at IIT Indore have developed a groundbreaking method to convert carbon dioxide and glycerol, two common waste materials, into valuable green chemicals like lactic acid and formic acid in just seven minutes. This low-energy process uses a specially designed ruthenium-based catalyst and microwave heating, offering a sustainable solution for waste management and green manufacturing.

Why Invasive Species Threaten Global South Biodiversity Most

Why Invasive Species Threaten Global South Biodiversity Most

Rediff.com24 Jul 2026

A new study reveals that the impacts of invasive species on biodiversity are most severe in the Global South, challenging previous assumptions. Factors like rapidly developing economies, weak governance, and limited management capacity make these regions particularly vulnerable, leading to higher ecological and economic damages.

Trump adopts 'low-key' approach towards Iran, no new strikes planned

Trump adopts 'low-key' approach towards Iran, no new strikes planned

Rediff.com10 Aug 2026

US President Donald Trump stated that the United States is taking a "low-key" approach towards Iran, focusing on economic pressure rather than military action, amidst ongoing tensions over the Strait of Hormuz. Trump highlighted Iran's worsening economic situation and the impact of the US naval blockade, while negotiations for reopening the Strait remain stalled due to new conditions from Tehran.

Satcom To Drive India's Digital Transformation

Satcom To Drive India's Digital Transformation

Rediff.com22 Jul 2026

Trai Chairman Anil Kumar Lahoti highlighted the transformative role of satellite communications in expanding seamless connectivity across India, especially in remote areas. He noted that India's space economy is projected to grow significantly, driven by satcom technology that will bridge the digital divide, provide resilient infrastructure during disasters, and support strategic sectors.

Satcom To Drive India's Digital Transformation

Satcom To Drive India's Digital Transformation

Rediff.com22 Jul 2026

Trai Chairman Anil Kumar Lahoti highlighted the transformative role of satellite communications in expanding seamless connectivity across India, especially in remote areas. He noted that India's space economy is projected to grow significantly, driven by satcom technology that will bridge the digital divide, provide resilient infrastructure during disasters, and support strategic sectors.

How Technology And Innovation Will Drive India's Growth

How Technology And Innovation Will Drive India's Growth

Rediff.com15 Aug 2026

Prime Minister Narendra Modi, in his Independence Day address, highlighted technology and innovation as central to India's goal of becoming a developed nation by 2047. He called for India to lead in emerging technologies like AI, quantum computing, and space, announcing a massive AI skilling initiative for one crore youth. Modi stressed the importance of becoming a global innovation hub, bolstering energy security with nuclear power, and strengthening cybersecurity.

How Long Can US Forces Fight Iran War?

How Long Can US Forces Fight Iran War?

Rediff.com15 Aug 2026

Torn between loyalty to their comrades and disillusionment towards the cause for which they are fighting, they are beginning to cave in. Morale has been the casualty, points out Vice Admiral Biswajit Dasgupta (retd).

Bhuvneshwar Kumar 'Absolutely Ready' for India Recall, Eyes World Cup

Bhuvneshwar Kumar 'Absolutely Ready' for India Recall, Eyes World Cup

Rediff.com10 Aug 2026

Veteran pacer Bhuvneshwar Kumar has declared himself 'absolutely ready' for a potential recall to the Indian team, including for the World Cup, following spin legend Ravichandran Ashwin's endorsement for his return.

PM bats for self-reliance to counter resource weaponisation

PM bats for self-reliance to counter resource weaponisation

Rediff.com15 Aug 2026

Prime Minister Narendra Modi has highlighted the risks posed by the 'weaponisation' of resources and strategic sea routes, urging India to achieve greater self-reliance in energy to mitigate vulnerabilities to overseas supplies and geopolitical tensions.

Women Owners Employ More Women

Women Owners Employ More Women

Rediff.com14 Jul 2026

In cities where women own a larger share of small businesses, women also account for a larger share of jobs.

Parliamentary Panel Pushes for Swift India-US Bilateral Trade Agreement

Parliamentary Panel Pushes for Swift India-US Bilateral Trade Agreement

Rediff.com7 Aug 2026

A Parliamentary Standing Committee on Commerce has urged the Indian government to swiftly conclude the proposed India-US Bilateral Trade Agreement (BTA), while ensuring India's interests are protected, recommending complete exemption for key export products like generic medicines and smartphones from future US tariff increases.

UPI payments to remain free, charges to apply only on...: Govt

UPI payments to remain free, charges to apply only on...: Govt

Rediff.com8 Aug 2026

The Indian government has clarified that consumers will not be charged for UPI transactions, and most merchant transactions will also remain free. This comes amidst speculation following an amendment to the Payment and Settlement Systems Act, 2007. Any future merchant discount rate (MDR) would be nominal, threshold-based, and aimed at ensuring UPI's long-term sustainability and infrastructure development.

NITI Aayog's Vision For India's Bioeconomy Growth

NITI Aayog's Vision For India's Bioeconomy Growth

Rediff.com16 Jul 2026

A NITI Aayog report outlines India's potential to scale its bioeconomy to USD 691 billion by 2035 and USD 2.6 trillion by 2047, creating over 30 million high-value jobs. The report stresses the need for coordinated national execution, regulatory reforms, a strengthened talent pipeline, and a significant BioEconomy Growth Fund to achieve this vision, positioning India among the top biotechnology powers globally.

GST Collection Jumps 15.4% to Over Rs 2.11 Lakh Crore in July

GST Collection Jumps 15.4% to Over Rs 2.11 Lakh Crore in July

Rediff.com1 Aug 2026

India's gross Goods and Services Tax (GST) collections surged by 15.4 per cent to over Rs 2.11 lakh crore in July, driven by increased mop-up from both domestic transactions and imports.

Volatile trading session on RBI's big day, Sensex holds steady with 152-point gain

Volatile trading session on RBI's big day, Sensex holds steady with 152-point gain

Rediff.com5 Aug 2026

The Reserve Bank of India (RBI) maintained its key policy rates for the fourth consecutive time, keeping the repo rate at 5.25 per cent, while the benchmark BSE Sensex closed 152 points higher in a volatile session, recovering from an intraday dip.

'Traitor, gimmick': Rahul targets Modi over economy, 'Melody'

'Traitor, gimmick': Rahul targets Modi over economy, 'Melody'

Rediff.com20 May 2026

Congress leader Rahul Gandhi criticised Prime Minister Narendra Modi for gifting 'Melody' toffees to Italian Premier Giorgia Meloni, calling it a 'gimmick' while India faces an 'economic storm'. He accused Modi of prioritising public relations over addressing the struggles of farmers, labourers, and youth, a sentiment echoed by other Congress leaders.

What Makes Crypto Rise Or Fall?

What Makes Crypto Rise Or Fall?

Rediff.com14 Aug 2026

Crypto can rise or fall for many reasons. Here's a simple guide to what gives digital assets value and drives their prices.

Parliamentary Panel Wants Cap on Private Hospital Room Charges

Parliamentary Panel Wants Cap on Private Hospital Room Charges

Rediff.com12 Aug 2026

'Having analysed the break up of the hospital billing structure the committee believes that rationalising of room charges needs to be done on an emergent basis.'

Abhinav Bindra: 'Let's Strengthen Our Education System'

Abhinav Bindra: 'Let's Strengthen Our Education System'

Rediff.com23 Jul 2026

Olympic Gold Medalist Abhinav Bindra says an education system that inspires confidence, rewards merit and nurtures curiosity is one of a nation's greatest strengths.

US slap 10% tariff on India over 'forced labour'

US slap 10% tariff on India over 'forced labour'

Rediff.com24 Jul 2026

The United States has implemented a 10 per cent tariff on goods imported from India and 16 other countries, citing efforts to combat forced labour in production.

US Senate passes Russia sanctions bill with 100% tariff on India, 4 others

US Senate passes Russia sanctions bill with 100% tariff on India, 4 others

Rediff.com8 Aug 2026

The US Senate has overwhelmingly approved a bill, the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which aims to punish Russia and its major petroleum product buyers, including China and India. The legislation allows the US President to impose 100 per cent tariffs on goods from the top five importers of Russian oil and gas, and also extends sanctions on Iran's energy sector. The bill, championed by the late Senator Lindsey Graham, now moves to the House of Representatives for further approval.

Jobs, Not Exams, Hold Key To Youth Anger

Jobs, Not Exams, Hold Key To Youth Anger

Rediff.com13 Aug 2026

If the government wishes that protests like the one that took place at Jantar Mantar during the last few weeks should not recur, it must refocus its energies on jobs, not just the examination system, points out A K Bhattacharya.

PSBs' Profit Nearly Trebles in Five Years to Record Rs 1.98 Trillion

PSBs' Profit Nearly Trebles in Five Years to Record Rs 1.98 Trillion

Rediff.com29 Jul 2026

India's public sector banks (PSBs) have seen their net profit nearly treble over the past five years, reaching a record Rs 1.98 trillion in FY26, driven by significant improvements in asset quality and sustained lending growth across key economic sectors.

Bowling Struggles, Fitness Woes: Why India Flopped In England ODIs

Bowling Struggles, Fitness Woes: Why India Flopped In England ODIs

Rediff.com21 Jul 2026

A look at what went wrong for India in the England ODI series.

Stock Markets Today: Sensex, Nifty gain as RBI holds rates, crude oil dips

Stock Markets Today: Sensex, Nifty gain as RBI holds rates, crude oil dips

Rediff.com6 Aug 2026

Indian benchmark indices, Sensex and Nifty, saw early gains driven by lower crude oil prices and buying in Reliance Industries, even as the Reserve Bank of India maintained its benchmark policy rate for the fourth consecutive meeting, reinforcing confidence in the domestic economy.

Churning reels not enough, youth need jobs: Congress slams Modi

Churning reels not enough, youth need jobs: Congress slams Modi

Rediff.com4 Aug 2026

The Congress party has accused the Modi government of creating a "deep crisis" in India's job market due to its "flawed" economic and employment policies. Citing a media report on a 27% decline in new jobs at major companies, the opposition party stated that the government is engaged in "headline management" and "politics of distraction" instead of addressing the youth employment crisis.

Stock Markets Today: Sensex Rises, Nifty Sinks as New Closing Auction Session Takes Effect

Stock Markets Today: Sensex Rises, Nifty Sinks as New Closing Auction Session Takes Effect

Rediff.com4 Aug 2026

Indian benchmark stock indices, Sensex and Nifty, experienced mixed trading following the introduction of a new Closing Auction Session (CAS) for shares with futures and options (F&O) contracts, aimed at enhancing price discovery transparency. Track Sensex, Nifty on August 4

Bihar alcohol ban failed, govt should revoke it: Study

Bihar alcohol ban failed, govt should revoke it: Study

Rediff.com8 Aug 2026

A research paper by the National Council of Applied Economic Research (NCAER) recommends that Bihar revoke its alcohol ban, citing its failure to reduce violence against women and a rise in illicit drug and alcohol consumption. The report suggests that reinstating the liquor excise tax would significantly increase state revenues and decrease enforcement costs.

Since he is 'forgiving'...: Sonia takes dig at Modi, hails Manmohan

Since he is 'forgiving'...: Sonia takes dig at Modi, hails Manmohan

Rediff.com11 Aug 2026

Following the Supreme Court's clean chit in the coal block allocation case, Congress leader Sonia Gandhi has lauded former Prime Minister Manmohan Singh's integrity and accountability, drawing a sharp contrast with the Narendra Modi government's operational style and alleged misuse of investigative agencies.

'Next Two Quarters Will Be Tough For Markets'

'Next Two Quarters Will Be Tough For Markets'

Rediff.com21 Jul 2026

'I don't see fear becoming a dominant factor for retail investors.'

E20 petrol safe, no engine failure reported, Gadkari tells Parliament

E20 petrol safe, no engine failure reported, Gadkari tells Parliament

Rediff.com30 Jul 2026

The Indian government has defended its E20 ethanol blending programme, stating that extensive testing and field experience show no evidence of abnormal engine wear, corrosion, or reduced vehicle life, despite a potential 2-6% reduction in fuel economy.

Small Nuclear Reactors To Cost About Rs 7,000 Crore

Small Nuclear Reactors To Cost About Rs 7,000 Crore

Rediff.com4 Aug 2026

Construction of the approved reactor projects is expected to take five to six years after receiving financial approval.

Assam Floods: The Village The Dikhow River Wiped Out

Assam Floods: The Village The Dikhow River Wiped Out

Rediff.com3 Aug 2026

The water rose from knee level to chest height within minutes before climbing even higher. Homes crumbled, cattle sheds collapsed and everything that could be carried away by the current vanished.

Gold, silver prices to remain range-bound as US jobs data, Fed cues awaited

Gold, silver prices to remain range-bound as US jobs data, Fed cues awaited

Rediff.com2 Aug 2026

Gold and silver prices are expected to remain range-bound this week as investors await crucial US economic data, including the non-farm payrolls report, and further signals from the Federal Reserve regarding its interest rate policy.