News for 'Economy'

'Job Market Is Collapsing Like Pack Of Cards'

'Job Market Is Collapsing Like Pack Of Cards'

Rediff.com5 Jun 2026

'You have seen the retrenchments by big corporates in the IT industry because they are not getting enough offers.' 'MSMEs in the manufacturing sector are really struggling. They do not know what to do. They are not able to predict what will happen tomorrow.'

Economic Survey says US tariffs are 'most disruptive' in global economy

Economic Survey says US tariffs are 'most disruptive' in global economy

Rediff.com29 Jan 2026

India must focus on building enduring national capabilities and economic sovereignty in the face of shrinking space for rules-based trading, anti-immigrant stance, weaponization of energy sources and growing use of export controls in critical sectors, the Economic Survey said on Thursday.

India, US strike landmark critical minerals deal amid China concerns

India, US strike landmark critical minerals deal amid China concerns

Rediff.com27 May 2026

A readout by the US said the agreement marked a milestone in the strategic partnership between the two nations to ensure that the foundational elements required for advanced technology and energy are available within trusted networks.

Moody's Slashes India's 2026 GDP Growth Forecast To 6%

Moody's Slashes India's 2026 GDP Growth Forecast To 6%

Rediff.com12 May 2026

Moody's Ratings has reduced India's GDP growth forecast for 2026 to 6 per cent, citing subdued private consumption, capital formation, and industrial activity due to higher energy costs and global uncertainties.

Ex-Religare Chief Saluja Summoned In Money Laundering Probe

Ex-Religare Chief Saluja Summoned In Money Laundering Probe

Rediff.com2 Jun 2026

A Mumbai court has summoned Rashmi Saluja, former executive chairperson of Religare Enterprises Ltd (REL), and four others in connection with a money laundering case linked to Employee Stock Option Plans (ESOPs). The Enforcement Directorate's case is based on a police complaint registered against the accused for alleged criminal conspiracy and cheating in 2024.

Digital Commerce: Why Indians Lose Rs 28,000 Crore

Digital Commerce: Why Indians Lose Rs 28,000 Crore

Rediff.com10 Jun 2026

Dark patterns are no longer just a consumer protection concern, but a broader macroeconomic challenge affecting the long-term sustainability of India's digital commerce ecosystem.

Which Industries Will Give Bigger Salary Hikes?

Which Industries Will Give Bigger Salary Hikes?

Rediff.com10 Jun 2026

'While salary increments are moderating compared to last year, not all functions are moving at the same pace.'

Want To Make India's Heaviest Rocket, LVM3?

Want To Make India's Heaviest Rocket, LVM3?

Rediff.com12 Jun 2026

The EoI comes at a time when ISRO is working to enhance LVM3's payload capacity to five tonnes in GTO and is also evaluating the procurement of a Russian semi-cryogenic engine for the vehicle's second stage.

WFH, avoid foreign travel for 1 year: Modi's 7 big appeals

WFH, avoid foreign travel for 1 year: Modi's 7 big appeals

Rediff.com11 May 2026

Prime Minister Modi has urged citizens to adopt measures like judicious fuel use, postponing gold purchases, and deferring foreign travel to strengthen India's economy in the face of the West Asia conflict's adverse impact.

Salesforce To Create 'Digital Labour Platforms', Not Replace Humans

Salesforce To Create 'Digital Labour Platforms', Not Replace Humans

Rediff.com18 May 2026

Salesforce is concentrating on developing 'digital labour platforms' and using AI to augment human capabilities rather than replace them, according to a senior company official.

'Not an iota of truth': Modi rejects media report on taxing foreign travel

'Not an iota of truth': Modi rejects media report on taxing foreign travel

Rediff.com16 May 2026

Prime Minister Narendra Modi has strongly refuted a media report suggesting the government is considering levying a tax, cess, or surcharge on foreign travel, calling the news "totally false".

'The Country Is In Stagnation'

'The Country Is In Stagnation'

Rediff.com4 Jun 2026

'Unfortunately, today most ministers are busy with either election duty or praising duty. They are not interested in serving duty.' 'Ministers have become relaxed like retired people still holding onto jobs.' 'Look at how the NEET paper leaked. But there is no accountability.' 'After 12 years, they have become saturated. They are short of ideas.'

IPL 2026 Dream XI: Sooryavanshi Opener; Patidar Captain

IPL 2026 Dream XI: Sooryavanshi Opener; Patidar Captain

Rediff.com4 Jun 2026

Teenager Vaibhav Sooryavanshi stole the limelight in his first full season of IPL with some dazzling performances for the Rajasthan Royals.

India And UK Startup Ecosystems Explore AI Collaboration

India And UK Startup Ecosystems Explore AI Collaboration

Rediff.com2 Jun 2026

A delegation of Indian startup founders and leaders visited the UK to explore collaborations in artificial intelligence and technology, aiming to strengthen the India-UK innovation corridor.

Dropping Fertility Rates: Chance For India To Be Pandavas

Dropping Fertility Rates: Chance For India To Be Pandavas

Rediff.com10 Jun 2026

The falling Total Fertility Rate offers India a chance to become the Pandavas -- fewer in number, but each citizen genuinely empowered, educated, and capable of contributing to a civilisation worth building, asserts Amberish K Diwanji.

Modi ji will not be PM in a year: Rahul's big claim

Modi ji will not be PM in a year: Rahul's big claim

Rediff.com3 Jun 2026

Addressing tribal leaders from across the country at an event organised by the Adivasi Congress at the Indira Bhawan in New Delhi, Gandhi warned that while an 'economic tsunami' is coming, the system is also revolting due to public pressure.

How Bhuvneshwar Kumar Remains A Force In T20 Cricket

How Bhuvneshwar Kumar Remains A Force In T20 Cricket

Rediff.com29 May 2026

Bhuvneshwar Kumar has defied expectations to become a leading bowler in T20 cricket, adapting his skills and adding variations to remain effective in the modern game. His success is attributed to his ability to swing the ball, use clever variations like the knuckle ball, and maintain peak fitness.

India's Services PMI Hits 6-Month High in May Amid Robust Demand

India's Services PMI Hits 6-Month High in May Amid Robust Demand

Rediff.com3 Jun 2026

India's services sector experienced its strongest growth in six months in May, with the HSBC India Services PMI Business Activity Index rising to 59.8. This expansion was driven by healthy demand, new client acquisitions, and improved new business intakes, alongside a softer rise in cost burdens.

Modi Has Transformed The Vocabulary Of Indian Politics

Modi Has Transformed The Vocabulary Of Indian Politics

Rediff.com10 Jun 2026

Few leaders since Independence have been able to establish such a direct connection with the electorate or shape the national conversation to the extent that Narendra Modi has done over the past decade, points out former Union minister Dr Karan Singh.

Srikkanth urges RCB to drop this player for IPL 2026 final

Srikkanth urges RCB to drop this player for IPL 2026 final

Rediff.com31 May 2026

Former India captain Kris Srikkanth advises Royal Challengers Bengaluru to exclude Romario Shepherd from their playing XI for the IPL final against Gujarat Titans, citing concerns over his expensive bowling.

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'.

India Is Lucky To Have Both Nehru And Modi

India Is Lucky To Have Both Nehru And Modi

Rediff.com10 Jun 2026

If one has to compare the tenures of the two prime ministers one must credit Nehru with laying the foundations on which Modi is building a grand edifice, asserts Colonel Anil A Athale (retd).

Indian Investments in US Rise, Create American Jobs: Official

Indian Investments in US Rise, Create American Jobs: Official

Rediff.com5 May 2026

Indian foreign direct investment (FDI) in the United States has reached approximately USD 16.4 billion, supporting around 70,800 jobs and contributing significantly to research and development, according to US Deputy Undersecretary Brandon Remington.

SBI Chief Setty backs RBI rate pause, urges focus on India's long-term growth story

SBI Chief Setty backs RBI rate pause, urges focus on India's long-term growth story

Rediff.com4 Jun 2026

State Bank of India Chairman C S Setty has expressed support for a 'pause' in policy rates by the Reserve Bank of India's monetary policy committee, believing it will help stabilise conditions and support economic growth. He also urged investors to look beyond short-term equity market movements and focus on India's structural transformation, driven by reforms and digital infrastructure.

Flex fuel to be sold at 5,000 outlets by end of next year

Flex fuel to be sold at 5,000 outlets by end of next year

Rediff.com5 Jun 2026

Oil-marketing companies (OMCs) are set to significantly expand the sale of flex fuel (E85) across India, with plans to reach 5,000 outlets in major cities by the end of next year, according to Petroleum Minister Hardeep Singh Puri. This move aims to boost ethanol demand, reduce crude oil imports, and cut carbon emissions, coinciding with the launch of India's first flex-fuel vehicles by Maruti Suzuki and Hero MotoCorp.

US makes U-turn on 'return to home country' order for green cards

US makes U-turn on 'return to home country' order for green cards

Rediff.com30 May 2026

The US Department of Homeland Security has clarified that not all immigrants seeking green cards will be required to return to their home country to make such applications, partially walking back a previous announcement.

Jewellers back PM's gold appeal, propose monetisation scheme enhancements

Jewellers back PM's gold appeal, propose monetisation scheme enhancements

Rediff.com13 May 2026

Leading Indian jewellery bodies, including the All India Gem & Jewellery Domestic Council (GJC) and Malabar Gold & Diamonds, have expressed support for Prime Minister Narendra Modi's appeal to reduce gold imports and are advocating for enhancements to the Gold Monetisation Scheme (GMS) to unlock India's vast idle gold reserves.

Southwest monsoon expected to arrive in Kerala on May 26

Southwest monsoon expected to arrive in Kerala on May 26

Rediff.com15 May 2026

The India Meteorological Department (IMD) has forecasted an early onset of the southwest monsoon over Kerala, expected around May 26. This marks the beginning of the crucial rainy season for India.

'India Has Enough Oil And Gas Beneath The Soil'

'India Has Enough Oil And Gas Beneath The Soil'

Rediff.com13 Jun 2026

'Exploration should be made easier and companies should be given operational flexibility.'

Goldilocks phase, reforms glide path to spur Indian economy in 2026

Goldilocks phase, reforms glide path to spur Indian economy in 2026

Rediff.com31 Dec 2025

India, the world's fourth largest economy, is set to maintain the 'goldilocks' phase with tailwinds of good growth, low inflation and robust banking performance as well as reform initiatives poised to sustain the economic pace witnessed during 2025.

IPL 2027: Hardik Trade, Coaching Shake-Up: What's Next For LSG?

IPL 2027: Hardik Trade, Coaching Shake-Up: What's Next For LSG?

Rediff.com3 Jun 2026

Lucknow Super Giants face a crucial rebuilding phase after finishing last in IPL 2026 and Rishabh Pant stepping down as captain. From auction strategy and potential Hardik Pandya interest to coaching changes and retention plans, here's what lies ahead for LSG before IPL 2027.

Rising Fuel Prices, Monsoon Worries Pressure India's Consumption Stocks

Rising Fuel Prices, Monsoon Worries Pressure India's Consumption Stocks

Rediff.com21 May 2026

India's consumption stocks, which have outperformed the broader market, are now facing significant pressure due to a gradual rise in fuel prices and the potential for higher inflation. Analysts warn that companies may be forced to pass on increased input costs to consumers, potentially hurting demand across both staples and discretionary categories, with a looming threat of deficient monsoon rainfall further exacerbating inflationary concerns.

The Flight Had Landed. Where Had My Mother Gone?

The Flight Had Landed. Where Had My Mother Gone?

Rediff.com30 May 2026

A few frantic calls later, the answer emerged: She had missed her connecting flight in London. Not because she was late. Not because she couldn't walk fast enough. She had simply gone to the wrong gate, sat down, and waited.

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.

Vijay concludes maiden Delhi visit, skips meeting Gandhis

Vijay concludes maiden Delhi visit, skips meeting Gandhis

Rediff.com28 May 2026

Tamil Nadu Chief Minister C Joseph Vijay concluded his first official visit to Delhi, meeting with Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman to discuss key state issues.

Gill, Sooryavanshi Lead IPL 2026 MVPI

Gill, Sooryavanshi Lead IPL 2026 MVPI

Rediff.com19 May 2026

Purnendu Maji and Srinivas Bhogle present Rediff's Most Valuable Player Index of IPL 2026 after Game 62.

It Is Hard To Know How The Economy Is Truly Performing

It Is Hard To Know How The Economy Is Truly Performing

Rediff.com23 Dec 2025

The core dilemma remains: Why provide further stimulus to an economy that is already booming at an 8 per cent growth rate? asks Rajeswari Sengupta.

The Fragile Truth Behind India's Bull Market

The Fragile Truth Behind India's Bull Market

Rediff.com9 Jun 2026

The Indian stock market mythos of 36 years is wrapped in a diaphanous negligee, lashed together by a delicate, etheric sash of 1.6 bull markets. To make money from here on will require a ground invasion, trench by trench, rather than carpet bombing. Way more difficult, points out Shankar Sharma.

Government slashes expenditure by Rs 60,000 crore to achieve FY26 fiscal deficit goal

Government slashes expenditure by Rs 60,000 crore to achieve FY26 fiscal deficit goal

Rediff.com2 Jun 2026

The Indian central government has reduced its total expenditure by approximately 60,000 crore in FY26, below its revised estimate, to successfully achieve the fiscal deficit target of 4.4 per cent of gross domestic product (GDP), according to the latest data from the Controller General of Accounts (CGA).

RBI 'keeping close watch' on West Asia conflict for policy action

RBI 'keeping close watch' on West Asia conflict for policy action

Rediff.com19 May 2026

RBI Governor Sanjay Malhotra stated that the central bank is closely monitoring whether the supply shock from the West Asia conflict will lead to a generalised price rise, potentially necessitating monetary policy action.