News for 'Indian Economic Association'

Tough Fight For Mumbai's 'Muslim Leader'

Tough Fight For Mumbai's 'Muslim Leader'

Rediff.com18 Nov 2024

'In this assembly election, Muslims here will vote for one who works, but also one who safeguards their identity.' 'Their existence is more important they feel, than a faulty light meter. So yes, a Muslim representative will make a difference.'

Siddaramaiah Goes Backfoot On Local Quota Bill

Siddaramaiah Goes Backfoot On Local Quota Bill

Rediff.com18 Jul 2024

Sources within the Congress, including those who have been members of the teams that drafted its 2019 and 2024 Lok Sabha poll manifestos, said the Karnataka government decision lacked any empirical basis.

Services sector activity touches 13-year high in Sep

Services sector activity touches 13-year high in Sep

Rediff.com5 Oct 2023

The services sector growth in India rose to a 13-year high in September on sharp increase in new business amid strong demand conditions, and job numbers continued to increase as overall business mood improved, a monthly survey said on Thursday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 60.1 in August to 61 in September, signalling a sharp upturn in output. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction.

Law To Govern AI Coming Soon!

Law To Govern AI Coming Soon!

Rediff.com29 Apr 2024

'The focus of the legislation will be to minimise user harm and increase the accountability of platforms, while also promoting innovation.'

Manmohan vs Modi Debate: India Is The Loser

Manmohan vs Modi Debate: India Is The Loser

Rediff.com19 Feb 2024

False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.

'We are looking at flying an Indian into space'

'We are looking at flying an Indian into space'

Rediff.com8 Dec 2023

'It's vital that over the next 10 years, that India, the US and the Artemis Accords family of nations come together to ensure that we not only return humanity to the moon, but that we build the technology that will allow us stay there permanently.' 'And then go on to Mars.'

Valuations, access to capital spur fintechs' homecoming

Valuations, access to capital spur fintechs' homecoming

Rediff.com4 Jun 2024

Why are financial-technology (fintech) players moving back to India, or doing the reverse-flipping?

Top B'desh, SL, Nepal leaders to attend Modi's swearing-in ceremony

Top B'desh, SL, Nepal leaders to attend Modi's swearing-in ceremony

Rediff.com7 Jun 2024

Nepalese Prime Minister Pushpa Kamal Dahal 'Prachanda', Bhutanese Prime Minister Tshering Tobgay and Prime Minister of Mauritius Pravind Jugnauth are set to be invited to Modi's swearing-in ceremony.

Over 95% Indian firms fall prey to 'new fraud' incidents

Over 95% Indian firms fall prey to 'new fraud' incidents

Rediff.com15 Nov 2022

Over 95 per cent of organisations in India have experienced new types of fraud incidents in the past two years, a PwC Survey said on Tuesday. Following the outbreak of the COVID-19 pandemic, the uncertainties associated with it, subsequent shift to digital operations and remote working, businesses have been exposed to new risks related to digital security, employee safety and disinformation, said the PwC's 'Global Economic Crime and Fraud Survey 2022' report.

India's services sector activity moderates in August

India's services sector activity moderates in August

Rediff.com5 Sep 2023

India's services sector activity eased in August but growth rates for new orders remain elevated, as services firms indicated the sharpest upturn in new export business which acted as a catalyst for firms to expand their workforces as well as output, a monthly survey said on Tuesday. Despite falling from 62.3 in July to 60.1 in August, the seasonally adjusted S&P Global India Services PMI Business Activity Index indicated one of the strongest increases in output seen since mid-2010. For the 25th straight month, the headline figure was above the neutral 50 threshold.

Equity mutual funds surge to historic Rs 34,697 crore inflows in May

Equity mutual funds surge to historic Rs 34,697 crore inflows in May

Rediff.com11 Jun 2024

Unperturbed by election uncertainty, investors poured record sums into equity mutual fund (MF) schemes in May, driving India closer to a $5 trillion market capitalisation. The Rs 34,697 crore net inflows into actively managed equity funds last month surpassed the previous high of Rs 28,463 crore recorded in March 2022. In April 2024, equity schemes had garnered nearly Rs 19,000 crore.

India's manufacturing activities fall to 5-month low in Sep

India's manufacturing activities fall to 5-month low in Sep

Rediff.com3 Oct 2023

Manufacturing activities in India fell to a five-month low in September as new orders rose at a softer pace, which tempered production growth, a monthly survey said on Tuesday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) fell to 57.5 in September, down from 58.6 in August -- the lowest in five months. The September PMI data pointed to an improvement in overall operating conditions for the 27th straight month.

India's manufacturing sector growth eases in May

India's manufacturing sector growth eases in May

Rediff.com3 Jun 2024

India's manufacturing sector saw a slower growth rate for the second straight month in May but stayed firmly in expansion mode with global sales increasing to the greatest extent in over 13 years, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 58.8 in April to 57.5 in May, signalling a slower but substantial improvement in the health of the sector. The index had climbed to a 16-year high of 59.1 in March.

We Missed Industrial Revolution

We Missed Industrial Revolution

Rediff.com12 Jun 2024

Is India headed there again? questions Ajit Balakrishnan

Election May Spike Sales Surge

Election May Spike Sales Surge

Rediff.com30 Mar 2024

'During the scorching summer months of election season, largescale outdoor gatherings create a prime opportunity for increased consumption in the packaged drinking water category.'

Apple Sales In India Up to 67,000 Cr

Apple Sales In India Up to 67,000 Cr

Rediff.com16 Jul 2024

Despite the robust growth in this country, Apple's India share in its overall global sales remained modest -- constituting 1.5 per cent of its overall turnover of $389 billion in FY23.

ISRO, NASA in talks to place Indian on ISS next year

ISRO, NASA in talks to place Indian on ISS next year

Rediff.com8 Sep 2023

India and the US on Friday said they have started talks to put in place a strategic framework for human space flight by year-end as they plan to send an Indian astronaut to the International Space Station in 2024.

Indian Olympic Association wants to bid for 2019 Asian Games

Indian Olympic Association wants to bid for 2019 Asian Games

Rediff.com21 Jun 2014

Ending days of speculation, the Indian Olympic Association on Friday officially informed the Olympic Council of Asia its expression of interest to bid for the 2019 Asian Games after Vietnam capital Hanoi withdrew its hosting rights in April this year.

Why Test cricket's survival depends on India

Why Test cricket's survival depends on India

Rediff.com16 Jun 2024

'To date, they've been fantastic in how they've continued to play all three formats of the game. Their commitment to Test cricket... I don't think it has ever been as strong as it is now'

Column: Why Modi Should Not Get 400 Plus Seats

Column: Why Modi Should Not Get 400 Plus Seats

Rediff.com3 Jun 2024

'Imagine what the BJP's urges would be if India's electorate awarded it truly brute majorities like the 400 plus seats the prime minister called for in the 2024 general elections?' asks Shyam G Menon.

India's manufacturing sector activity eases in June

India's manufacturing sector activity eases in June

Rediff.com3 Jul 2023

Manufacturing sector activities in India moderated in June from a 31-month high in May, but output remained in the growth territory, as new work orders expanded sharply amid favourable demand conditions, a monthly survey said on Monday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) fell from 58.7 in May to 57.8 in June. Despite the fall, the headline figure pointed to a considerable improvement in operating conditions, the survey said, adding that the demand strength positively impacted several other measures such as sales, production, stock building and employment.

Beneficial ownership norms in focus as MNCs face scrutiny

Beneficial ownership norms in focus as MNCs face scrutiny

Rediff.com12 Jun 2024

The latest ruling by the Registrar of Companies (RoC) in the LinkedIn Technology Information case for violating significant beneficial ownership (SBO) norms has brought the amended rules into the spotlight. Experts suggest that more entities, particularly multinational companies (MNCs), are expected to face greater scrutiny. "Companies are closely watching this space.

Will Rahul Gandhi choose Wayanad over Rae Bareli?

Will Rahul Gandhi choose Wayanad over Rae Bareli?

Rediff.com5 Jun 2024

The Wayanad Lok Sabha seat, where Rahul Gandhi won for the second time in a row, comprises three assembly constituencies each in the tribal district of Wayanad and the Muslim-dominated Malappuram, as well as one in Kozhikode district where Christians hold a significant vote base.

British Indian ex-minister Alok Sharma knighted; 30 more PIOs to be honoured

British Indian ex-minister Alok Sharma knighted; 30 more PIOs to be honoured

Rediff.com31 Dec 2022

Sharma was the president of the conference, the first since the Paris Agreement of COP21 that expected parties to make enhanced commitments towards mitigating climate change.

Manufacturing sector hits 13-month high in Dec

Manufacturing sector hits 13-month high in Dec

Rediff.com2 Jan 2023

India's manufacturing sector activity rose to a 13-month high in December, supported by healthy inflows of new business and strong demand conditions, according to a monthly survey. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) stood at 57.8 in December, up from 55.7 in November, as business conditions improved to the greatest extent in over two years. The December PMI data pointed to an improvement in overall operating conditions for the 18th straight month.

'Decision to sell LIC is more political than economic'

'Decision to sell LIC is more political than economic'

Rediff.com23 Feb 2022

'How can you explain the necessity of selling an institution that has been delivering regular returns to the government, that has never asked for any capital from the government, that has invested Rs 38 lakh crores in the Indian economy and that owns 4 per cent of the market capitalisation in India?'

Reforms have reduced poverty, says PM

Reforms have reduced poverty, says PM

Rediff.com28 Dec 2009

The prime minister said the country's economy was likely to grow by 7 per cent or a little more in the current financial year.

Minor girls recount horrific tales of abuse at Indore 'orphanage'

Minor girls recount horrific tales of abuse at Indore 'orphanage'

Rediff.com19 Jan 2024

Minor girls at an Indore 'orphanage' narrated tales of abuse and alleged horrifying ways of punishment, including branding with hot tongs, hanging them upside down and forced to inhale smoke from burning red chillies, prompting the local administration to seal the facility and the police to file a first information report (FIR) against five women.

FPIs continue their buying spree; Rs 4,800 crore infused in equities

FPIs continue their buying spree; Rs 4,800 crore infused in equities

Rediff.com7 Jan 2024

Foreign Portfolio Investors (FPIs) continued their buying spree and poured close to Rs 4,800 crore in the Indian equity markets in the first week of January driven by confidence in the country's robust economic fundamentals. Additionally, they injected Rs 4,000 crore in the debt market during the period under review, data with the depositories showed. With expectations of a prolonged decline in US interest rates in 2024, there is an anticipation that FPIs will likely escalate their purchase, particularly in the initial months of the New Year leading up to the general elections, V K Vijayakumar, chief investment strategist at Geojit Financial Services, said.

Indian IT firms to see revenue decelerate by 5%: S&P Global Ratings

Indian IT firms to see revenue decelerate by 5%: S&P Global Ratings

Rediff.com25 May 2023

Macroeconomic (macro) concerns, along with a cautious approach towards discretionary information technology (IT) spending, will see the revenue for Indian IT firms decelerate by 5 per cent through 2024-25 (FY25), from the highs of 12-18 per cent in 2022-23, said analysts from S&P Global Ratings. "The reason behind this slow growth is a macro slowdown. "Customers are cutting their discretionary IT spending, especially on projects that take longer to deliver quantifiable outcomes. "We also acknowledge that there are still strong economic headwinds for the next few years," said Spencer Ng, associate director, corporate ratings, S&P Global Ratings, over a call in a media briefing.

Bhupesh Baghel, others booked in Mahadev betting app case

Bhupesh Baghel, others booked in Mahadev betting app case

Rediff.com17 Mar 2024

The Enforcement Directorate, which has been investigating the Mahadev app-linked money laundering case for more than a year, alleged in the past that its probe has shown involvement of various high-ranking politicians and bureaucrats from Chhattisgarh, where the two main promoters of the app hail from.

Manufacturing activities hit 31-month high in May

Manufacturing activities hit 31-month high in May

Rediff.com1 Jun 2023

Manufacturing activities in India advanced further and touched a 31-month high in May supported by stronger increase in new orders and favourable market conditions, which in turn generated more employment opportunities, a monthly survey said on Thursday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose from 57.2 in April to 58.7 in May, indicating the strongest improvement in the health of the sector since October 2020. The May PMI data pointed to an improvement in overall operating conditions for the 23rd straight month.

GST collections rise to 2nd highest-ever in Jan

GST collections rise to 2nd highest-ever in Jan

Rediff.com31 Jan 2024

Goods and Services Tax collections jumped 10.4 per cent to over Rs 1.72 lakh crore in January, reflecting buoyant economic activity and setting the stage for the next phase of GST reforms. This is the second-highest monthly collection ever and marks the third month in this financial year with a collection of Rs 1.70 lakh crore or more, a finance ministry statement said on Wednesday.

BJP likely to keep big 4 portfolios, culture, education

BJP likely to keep big 4 portfolios, culture, education

Rediff.com8 Jun 2024

There is a view that heavyweight portfolios like home, finance, defence and external affairs besides education and culture, two ministries with strong ideological hues, will be kept by the BJP, while its allies can get anywhere between five to eight cabinet berths.

Is Son Preference Hurting India?

Is Son Preference Hurting India?

Rediff.com9 Feb 2024

A cultural preference for sons in India may be expressed as 'son preference' or 'daughter aversion', arising from patrilocality, patrilineality, the cost of dowry, and old-age support from sons.

'Pro-China' Muizzu meets Modi, agrees to deepen ties with India

'Pro-China' Muizzu meets Modi, agrees to deepen ties with India

Rediff.com2 Dec 2023

India and the Maldives on Friday agreed to set up a core group to further deepen their partnership as Prime Minister Narendra Modi held a 'productive' meeting with newly-elected Maldivian President Mohamed Muizzu and discussed ways to enhance the bilateral friendship across diverse sectors.

Goa Cricket Association president, secretary arrested for fraud

Goa Cricket Association president, secretary arrested for fraud

Rediff.com15 Jun 2016

Goa Cricket Association president Chetan Dessai, secretary Vinod Phadke and treasurer Akbar Mulla were today arrested by police for alleged misappropriation of over Rs three crore belonging to the organisation.

Manufacturing activities hit 4-month high in April

Manufacturing activities hit 4-month high in April

Rediff.com1 May 2023

Manufacturing activities in India accelerated further and touched a four-month high in April, boosted by robust new business growth, mild price pressures, better international sales, and improving supply-chain conditions, a monthly survey said on Monday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) increased from 56.4 in March to 57.2 in April, indicating the fastest improvement in the health of the sector so far this year. The March PMI data pointed to an improvement in overall operating conditions for the 22nd straight month.

How The Heat Wave Will Affect Your Kitchen

How The Heat Wave Will Affect Your Kitchen

Rediff.com2 May 2024

Apart from the human body, human food will bear direct repercussions. From staples such as wheat, to coffee, dairy, and even the great Hilsa face the threat of reduced supply due to the extreme heat.

India-EFTA trade pact: How Swiss firms stand to gain

India-EFTA trade pact: How Swiss firms stand to gain

Rediff.com10 Mar 2024

Domestic customers will get access to high-quality Swiss products such as watches, chocolates, biscuits, and clocks at lower prices as India will phase out customs duties under its trade pact with the EFTA bloc on these goods over a period of time. India and the four-European nation bloc EFTA signed a trade and economic partnership agreement (TEPA) on Sunday to boost trade and investments between the two regions. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.