News for 'Indian Economic Association'

Indian-Americans taking over US, says Biden

Indian-Americans taking over US, says Biden

Rediff.com5 Mar 2021

Indian-Americans are taking over the country, United States President Joe Biden said on Thursday, referring to the high number of people from the community getting a place in his administration.

Why Scotch Whisky Makers Are Worried

Why Scotch Whisky Makers Are Worried

Rediff.com13 Mar 2023

India is the UK's second-largest market by volumes for Scotch, importing the equivalent of 136 million bottles, worth £146.2 million, in 2021.

Manufacturing activities in Dec see slower, rise in sales, output

Manufacturing activities in Dec see slower, rise in sales, output

Rediff.com3 Jan 2022

India's manufacturing sector activities moderated in December but output remained in the growth territory, amid slower rise in sales and new orders, even as business sentiment was dampened by concerns surrounding supply-chain disruptions, COVID-19 and inflationary pressures, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) eased to 55.5 in December, from November's ten-month high of 57.6. The December data pointed to a "substantial, albeit slower, rises in sales and output", the survey said, adding that the latest quarterly reading was at 56.3, its highest since the final quarter of fiscal year 2020/21.

Delhi Police gave us no FIR, neither reveal offences: NewsClick

Delhi Police gave us no FIR, neither reveal offences: NewsClick

Rediff.com4 Oct 2023

"What we have been able to gather is that Newsclick stands accused of offences under the Unlawful Activities Prevention Act (UAPA), for purportedly carrying Chinese propaganda on its website. All devices, laptops, gadgets, phones, etc have been seized in the past. All emails and communications have been analysed under the microscope," the statement by NewsClick read.

Ayodhya station revamped: Airport-like facilities, temple-inspired design

Ayodhya station revamped: Airport-like facilities, temple-inspired design

Rediff.com29 Dec 2023

A senior RITES official said the new station building comes equipped with many modern facilities that passengers usually get at an airport, but the architecture of its facade "embraces tradition" in a nod to the upcoming Ram temple.

Sri Lankan crisis: Indian orthodox tea gets a boost

Sri Lankan crisis: Indian orthodox tea gets a boost

Rediff.com30 Jun 2022

It's a busy season for Indian producers of orthodox tea. As Sri Lanka, the world's largest supplier of orthodox tea, struggles with its worst economic crisis, a window of opportunity has opened up in neighbouring India. Calls to Indian planters and exporters from foreign buyers of Sri Lankan orthodox tea are pouring in and the buoyant sentiment is reflecting in prices at auction centres. Orthodox tea refers to loose-leaf tea which is produced using traditional or orthodox methods such as plucking, withering, rolling, oxidation and drying.

Put aside your arrogance, apologise to people, Tharoor responds to Scindia

Put aside your arrogance, apologise to people, Tharoor responds to Scindia

Rediff.com18 Jan 2024

Congress leader Shashi Tharoor on Thursday said it's a pity that since switching sides, Scindia has adopted the Modi government's "uncaring attitude" to the public.

The Star Gazer Stars At TIME Gala

The Star Gazer Stars At TIME Gala

Rediff.com26 Apr 2024

At this year's TIME ball in New York City on Thursday, April 25, you would have run into a Coimbatore-born American scientist, looking lovely in Sabyasachi Mukherjee designer finery, who would most likely have been hanging out with Dua Lipa.

With BJP Joining In, Is 'Revdi Culture' here to stay?

With BJP Joining In, Is 'Revdi Culture' here to stay?

Rediff.com15 Nov 2023

Modi's BJP has promised more revdis or freebies for these assembly elections than ever before, points out N Sathiya Moorthy.

Indians defer travel plans as Sri Lanka imposes curfew

Indians defer travel plans as Sri Lanka imposes curfew

Rediff.com4 Apr 2022

For Indians, Sri Lanka is one of the favourite venues for destination weddings. But last month, when a family from Delhi chartered a Vistara Airbus A320 to Colombo, it packed much more than the standard paraphernalia of clothes, gifts and jewellery. The family ferried meals from Delhi for all the guests and to cover their entire stay in Colombo due to the food and fuel shortages in the island nation.

With 74 Foreign Visits, Modi Is Most Travelled PM

With 74 Foreign Visits, Modi Is Most Travelled PM

Rediff.com8 Sep 2023

While Modi has spent fewer days abroad than his predecessor (270 days versus Dr Singh's 306), he has travelled more extensively and actively than any other Indian PM.

Swaraj calls for deeper economic ties with ASEAN

Swaraj calls for deeper economic ties with ASEAN

Rediff.com6 Jan 2018

She also addressed the Indian Community at a reception held in her honour in Jakarta.

Wayanad May Not Be A Breeze For Rahul

Wayanad May Not Be A Breeze For Rahul

Rediff.com16 Apr 2024

Wayanad will continue to support Rahul but not to the same extent as in 2019, when his margin of victory had been enormous. Articulate, to the point and speaking in fluent Malayalam, CPI's Annie Raja, had the people who gathered to see her, listening in rapt attention, notes Shyam G Menon.

Monsoon ends in India with 'below average' rainfall

Monsoon ends in India with 'below average' rainfall

Rediff.com30 Sep 2023

The southwest monsoon season concluded on Saturday with India receiving 'below-average' cumulative rainfall -- 820 mm compared to the long-period average of 868.6 mm -- in an El Nino year.

Factory output slips in May; sector heading towards stagnation

Factory output slips in May; sector heading towards stagnation

Rediff.com1 Jun 2021

India's manufacturing sector activity witnessed a significant loss of growth momentum in May due to the intensification of the COVID-19 crisis and its detrimental impact on demand, a monthly survey said on Tuesday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI), fell to 50.8 in May, down from 55.5 in April, as companies observed the slowest rises in new work and output in ten months amid intensification of the COVID-19 crisis. In PMI parlance, a print above 50 means expansion while a score below 50 denotes contraction.

Manufacturing sector gains further strength in Nov

Manufacturing sector gains further strength in Nov

Rediff.com1 Dec 2021

India's manufacturing sector activities gained further strength in November, and witnessed the strongest increase in production and sales since February on improving market conditions, a monthly survey said on Wednesday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI), increased from 55.9 in October to 57.6 in November, signalling the strongest improvement in the health of the sector in ten months. Moreover, the headline figure was well above its long-run average of 53.6.

Real 'anti-nationals' are those who...: Sonia's fresh attack on govt

Real 'anti-nationals' are those who...: Sonia's fresh attack on govt

Rediff.com14 Apr 2023

She alleged that today, the regime in power is misusing and subverting the institutions of the Constitution, and weakening its foundations of liberty, equality, fraternity and justice.

Manufacturing activities fall in Feb; but firms upbeat on demand spike

Manufacturing activities fall in Feb; but firms upbeat on demand spike

Rediff.com1 Mar 2021

India's manufacturing sector activities eased slightly in February but firms were upbeat as they responded to increased new work intakes by stepping up production and purchasing activities, a monthly survey said on Monday. The seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell marginally to 57.5 in February from 57.7 in January, indicating that even though the pace of growth eased from January it remained sharp in the context of historical data. The headline figure for February remained above its long-run average of 53.6, the survey noted. In PMI parlance, a print above 50 means expansion while a score below 50 denotes contraction.

Want To Invest in Gold? Read This

Want To Invest in Gold? Read This

Rediff.com28 Oct 2023

'Gold prices thrive on volatility and more so when the stock markets trend downward.'

5-8 Chinese Navy units operating in Indian Ocean at any time, says Navy chief

5-8 Chinese Navy units operating in Indian Ocean at any time, says Navy chief

Rediff.com20 Sep 2022

China remains a "formidable challenge" that has increased its presence not only along India's land borders but also in the maritime domain, Navy Chief Admiral R Hari Kumar said on Tuesday and asserted that the naval force keeps a regular watch in the Indian Ocean Region.

Arvind Subramanian is India's Chief Economic Advisor

Arvind Subramanian is India's Chief Economic Advisor

Rediff.com16 Oct 2014

Subramanian, a senior fellow at the Peterson Institute for International Economics in Washington, attended a news conference in New Delhi at which his appointment was announced.

California senate panel passes bill to end caste bias

California senate panel passes bill to end caste bias

Rediff.com26 Apr 2023

Major Indian businesses and temples issued a joint statement opposing the proposed California Caste Bill SB 403.

Air India pilots' group flags fatigue concerns over new rostering system

Air India pilots' group flags fatigue concerns over new rostering system

Rediff.com24 Aug 2023

An Air India pilots' grouping has raised fatigue concerns in the wake of flight crew rosters generated using a new rostering tool, saying that extended waiting periods between duty time will jeopardise crew alertness and performance. "Extended waiting periods, occurring before active flight duties, run counter to enhancing crew readiness and, in fact, contribute to the accumulation of fatigue over time," the Indian Pilots Guild (IPG) has said. In a letter to Air India head of safety Henry Donohoe last week, IPG said it has been recently observed that the relentless pursuit of operational efficiency and economic gains has led to an unintended overshadowing of the primary intent behind Flight Duty Time Limitations (FDTL) regulations.

'General Zia was real startled'

'General Zia was real startled'

Rediff.com21 Mar 2024

'But he was very quick and did a very stylish adab.' 'Of course, I didn't expect him to hug.'

To become developed nation by 2047, India needs stronger army: Rajnath

To become developed nation by 2047, India needs stronger army: Rajnath

Rediff.com1 Oct 2023

Describing the DAD as the "guardian of defence finance", he emphasised the need to bolster the internal vigilance mechanism so that any suspicious activity can be detected and reviewed immediately.

FPIs pull out Rs 17,696 cr from Indian markets in Dec so far

FPIs pull out Rs 17,696 cr from Indian markets in Dec so far

Rediff.com19 Dec 2021

Foreign portfolio investors (FPIs) have pulled out Rs 17,696 crore from the Indian markets in December so far amid uncertainty due to a new coronavirus strain, Omicron, and expectations of faster tapering by the US Federal Reserve. According to the depositories data, FPIs took out Rs 13,470 crore from equities, Rs 4,066 crore from the debt segment and Rs 160 crore from hybrid instruments between December 1-17. In November, FPIs were net sellers to the tune of Rs 2,521 crore in Indian markets.

Indian tea companies smell opportunity as Sri Lanka crisis brews

Indian tea companies smell opportunity as Sri Lanka crisis brews

Rediff.com26 Apr 2022

As the economic crisis in Sri Lanka - the world's largest exporter of orthodox tea - continues to rage across the island nation, tea producers in India look to cash in on the opportunity to seize the market. The country's largest tea growing company, McLeod Russel India, expects orders to come in from July. "A huge opportunity is coming up for everyone in India. "McLeod Russel is well placed because we have the capacity for orthodox tea," said Azam Monem, director, McLeod Russel. About 10 per cent of McLeod's production is orthodox tea.

'Women are the most amazing creations of God'

'Women are the most amazing creations of God'

Rediff.com20 Nov 2023

'The girl who helps me at home has had a tough life, yet her perspective of life is so much more positive than mine despite the hardships she's endured.'

Am I Proud A British Indian Like Me Is PM?

Am I Proud A British Indian Like Me Is PM?

Rediff.com4 Nov 2022

'They say 'a picture paints a thousand words', so seeing Rishi Sunak PM at the door of Number 10 can never be taken from us.'' 'It is a symbol that will go down in the history books.' 'It is the very embodiment of me saying to my boys, "You can be who you want to be",' notes James Salins in this must-read feature.

Vivo PMLA case: Delhi court sends four accused to 3-day ED custody

Vivo PMLA case: Delhi court sends four accused to 3-day ED custody

Rediff.com10 Oct 2023

The Enforcement Directorate has arrested four persons including the MD of the Lava International mobile company and a Chinese national as part of its ongoing money-laundering probe against Chinese smartphone-maker Vivo, official sources said on Tuesday. They identified the four as Hari Om Rai, the MD of Lava International company, Chinese national Guangwen Kyang, chartered accountant Nitin Garg and a person called Rajan Malik. They have been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA).

What Are RBI's Challenges In 2024?

What Are RBI's Challenges In 2024?

Rediff.com9 Feb 2024

The challenge for the RBI in 2024 is likely to be less about containing elevated inflation and more about curbing excessive financial market exuberance and a 'problem of plenty', notes Sajjid Chinoy, Chief India Economist JP Morgan.

Services sector sees sharp upturn in August

Services sector sees sharp upturn in August

Rediff.com5 Sep 2022

India's services sector activity witnessed a sharp upturn in August on the back of stronger gains in new business, ongoing improvements in demand conditions and job creation, a monthly survey said on Monday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from July's four-month low of 55.5 to 57.2 in August, amid a quicker upturn in business activity and the sharpest rise in employment for over 14 years. For the thirteenth straight month, the services sector witnessed an expansion in output.

No One Hears A Woman's Silent Screams

No One Hears A Woman's Silent Screams

Rediff.com15 Dec 2023

The most common abuse happens in marriages in the confines of one's own home. Be it raising a hand on one's spouse without the slightest provocation, or abusing them without their consent, notes Aarti David.

Art 370 verdict upheld sovereignty and integrity of India: Modi

Art 370 verdict upheld sovereignty and integrity of India: Modi

Rediff.com12 Dec 2023

With its verdict, the Supreme Court has strengthened the spirit of 'Ek Bharat, Shreshtha Bharat' and has reminded us that what define us are bonds of unity and a shared commitment to good governance.

The Complete Hotelier And Host Extraordinaire

The Complete Hotelier And Host Extraordinaire

Rediff.com17 Nov 2023

Shreekant Sambrani remembers P R S 'Biki' Oberoi, personal friend and hospitality icon, who passed into the ages this week.

Working on target to become $5-10 trillion economy: Modi

Working on target to become $5-10 trillion economy: Modi

Rediff.com17 Dec 2023

The government has also set targets for the next 25 years. We are working on the target of becoming a $5-10 trillion economy as well as taking exports to a record high, he said.

India's services sector activity expands in Sep

India's services sector activity expands in Sep

Rediff.com5 Oct 2021

India's services sector activity continued to expand in September, supported by favourable underlying demand amid the easing of COVID-19 restrictions, but lost some momentum from August's 18-month high level, a monthly survey said on Tuesday. The seasonally adjusted India Services Business Activity Index fell from 56.7 in August to 55.2 in September, but remained well above its long-run average. "Despite easing from August, the rate of expansion was marked and the second-fastest since February 2020," the survey said.

NRIs: Pop Nationalism To Identity Supremacy

NRIs: Pop Nationalism To Identity Supremacy

Rediff.com21 Oct 2023

Brand India's societal divisions and distortions have remained as much relevant in 'liberal' America and Europe as it still is in the structurally stratified Indian society of the 21st century, observes N Sathiya Moorthy.

India, US to explore alternate mechanism to fund renewable energy

India, US to explore alternate mechanism to fund renewable energy

Rediff.com17 Jul 2023

India and the US on Monday committed to further improving bilateral ties, exploring alternate mechanisms for funding renewable energy and actively pursuing the G20 agenda which includes strengthening MDBs and taking coordinated action to deal with climate change. Several issues, including climate action, rising indebtedness in low and middle income countries and digital public infrastructure, figured during a bilateral meeting between Finance Minister Nirmala Sitharaman and US Treasury Secretary Janet Yellen held on the sidelines of the G20 meeting of Finance Ministers and Central Bank Governors. India, Sitharaman said, will "look forward to furthering ... bilateral interests through development cooperation and new investment opportunities through Alternate Investment platforms for renewable energy."

Economic recovery stronger than expected, but risks remain: Shaktikanta Das

Economic recovery stronger than expected, but risks remain: Shaktikanta Das

Rediff.com26 Nov 2020

Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said the country's economy has recovered stronger than expected from the initial impact of the COVID-19 pandemic, but there is a need to be watchful of demand sustainability after the end of festivities. Speaking at the annual day event of Foreign Exchange Dealers' Association of India (FEDAI), Das said there are downside risks to growth across the world and also in India. It can be noted that the Indian economy contracted by 23.9 per cent in the first quarter of the fiscal year, and the RBI expects the economy to shrink by 9.5 per cent in FY21.