News for 'Institute of Economic Growth'

Sports Ministry Provisionally Recognises FMSCI To Boost Motorsport In India

Sports Ministry Provisionally Recognises FMSCI To Boost Motorsport In India

Rediff.com24 Jul 2026

The Sports Ministry has provisionally recognised the Federation of Motor Sports Clubs of India (FMSCI) as a National Sports Federation (NSF), a move aimed at promoting motorsport and facilitating Formula 1's return to India. This recognition requires FMSCI to amend its constitution to comply with governance acts, and a Task Force is being established to assess the benefits and challenges of hosting major motorsport events.

Indian Crypto Firms Applaud CBDT's New Reporting Framework

Indian Crypto Firms Applaud CBDT's New Reporting Framework

Rediff.com28 Jul 2026

Indian crypto exchanges and companies have expressed strong support for the Central Board of Direct Taxes' (CBDT) new Crypto Asset Reporting Framework (CARF), which mandates reporting and due-diligence obligations for crypto service providers on all transactions starting 2026.

Can India Become New Power Centre Of Global Chess?

Can India Become New Power Centre Of Global Chess?

Rediff.com1 Aug 2026

'India should hold several high-level chess tournaments that would attract the world's top players so that the country will have a say in the game.'

Modi-Takaichi Summit Opens New India-Japan Chapter

Modi-Takaichi Summit Opens New India-Japan Chapter

Rediff.com7 Jul 2026

Notwithstanding the economic complementarities and the host of agreements for deepening economic relation on a host of areas, both sides share common viewpoints on the foreign policy domain and seek common grounds to serve as a counterweight to China, notes Dr Rajaram Panda.

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.

Real Estate Developers Shelve IPO Plans as Housing Demand Cools, Investor Sentiment Muted

Real Estate Developers Shelve IPO Plans as Housing Demand Cools, Investor Sentiment Muted

Rediff.com3 Aug 2026

Several Indian real estate companies, including BPTP Ltd and Smartworld Developers, are rethinking or shelving their initial public offering (IPO) plans, which were expected to raise around 15,000 crore, due to weaker housing demand, higher costs, and a more cautious investment climate.

Brokerages predict robust Q1 FY27 for RIL, driven by O2C, retail, and Jio

Brokerages predict robust Q1 FY27 for RIL, driven by O2C, retail, and Jio

Rediff.com17 Jul 2026

Brokerages are forecasting a strong first quarter (April-June/Q1) for Reliance Industries Ltd (RIL) in FY2026-27, with double-digit revenue growth, Ebitda increases of around 12 per cent, and net profit rising up to 10 per cent, primarily driven by its oil-to-chemicals (O2C), retail, and Jio businesses.

Modi, Macron agree on joint AI framework, classified data protection

Modi, Macron agree on joint AI framework, classified data protection

Rediff.com14 Jun 2026

An innovation roadmap, a mechanism to double annual bilateral trade within next five years, and a joint artificial intelligence framework were among 13 outcomes to emerge from wide-ranging talks between Prime Minister Narendra Modi and President Emmanuel Macron on Sunday.

'Economically, nobody is winning this war'

'Economically, nobody is winning this war'

Rediff.com30 Apr 2026

'Markets never fully lose hope. But an important shift could come if the Strait remains closed -- moving from high prices to no prices.'

How Kerala Aims To Become A National AI And Emerging Technologies Hub

How Kerala Aims To Become A National AI And Emerging Technologies Hub

Rediff.com23 Jul 2026

Kerala Chief Minister V D Satheesan announced the state's vision to become a national hub for artificial intelligence and emerging technologies, coinciding with the launch of Naviq Technology by IBS Software Group. The state government is implementing initiatives like an AI-powered dashboard, a Global Job Watch Tower, and curriculum revisions to align with technological advancements and foster skill development in AI and semiconductor sectors.

India's FDI Inflows Set to Cross $90 Billion in FY26, Says DPIIT Secretary

India's FDI Inflows Set to Cross $90 Billion in FY26, Says DPIIT Secretary

Rediff.com3 May 2026

India's foreign direct investment (FDI) inflows are projected to surpass $90 billion in 2025-26 (FY26), driven by robust policy reforms, free trade agreements, and strong economic growth, according to DPIIT Secretary Amardeep Singh Bhatia.

Why Indians Thrive Overseas

Why Indians Thrive Overseas

Rediff.com13 Jul 2026

India too can rise to the top if the 1.4 billion Indians back home are given better opportunities to use their innate talent and capacity to work hard, with right incentives in a more meritocratic rules-based system, asserts Ajay Chhibber.

Crony capitalism hampers economic growth: Rajan

Crony capitalism hampers economic growth: Rajan

Rediff.com11 Aug 2014

The solution to this problem lies only in making the system more efficient, he said.

Crude falls back to Feb levels: What is stopping a fuel price cut?

Crude falls back to Feb levels: What is stopping a fuel price cut?

Rediff.com25 Jun 2026

Global oil prices fell on Thursday to their lowest levels since before the outbreak of the Iran conflict, offering a significant economic tailwind for India, the world's third-largest crude importer, by easing inflation risks, reducing the import bill and improving the government's fiscal position.

Why Smallcaps Are Winning The Market Battle

Why Smallcaps Are Winning The Market Battle

Rediff.com26 Jun 2026

The remarkable rise of smallcaps reflects the emergence of a broad set of specialised businesses operating in industries where the sectoral tailwinds remain considerably stronger than macroeconomic headwinds, points out Debashis Basu.

Pvt sector enters India's critical minerals race with Indonesia deal

Pvt sector enters India's critical minerals race with Indonesia deal

Rediff.com18 Jul 2026

Hyderabad-based Midwest Ltd has become the first Indian private company to secure overseas critical mineral mines, sealing a deal with Indonesia's state-run PT Perusahaan Mineral Nasional (PERMINAS) to ensure a long-term supply of rare earths.

Radhika Gupta, Edelweiss: 'Hopefully, The Worst Is Behind Us'

Radhika Gupta, Edelweiss: 'Hopefully, The Worst Is Behind Us'

Rediff.com4 Jul 2026

'Investors shouldn't let fear dictate their decisions. The most important step is simply to begin investing.'

'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.'

Indonesian fighter jets escort Modi's plane in grand welcome

Indonesian fighter jets escort Modi's plane in grand welcome

Rediff.com7 Jul 2026

Prime Minister Narendra Modi was accorded a grand welcome on his arrival in Jakarta on Monday, with Indonesian Air Force fighter jets escorting the PM's aircraft upon entering Indonesian airspace, marking a ceremonial welcome.

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.

Public Sector Banks clock fourth straight year of profit, hit record Rs 1.98 trillion

Public Sector Banks clock fourth straight year of profit, hit record Rs 1.98 trillion

Rediff.com20 May 2026

Public-sector banks (PSBs) in India have reported an 11.2 per cent year-on-year rise in net profit, reaching a record 1.98 trillion in FY26, marking their fourth consecutive year of profitability, driven by sustained business growth, improved asset quality, and strong capital positions.

Why Taiwan Is At The Heart Of US-China Rivalry

Why Taiwan Is At The Heart Of US-China Rivalry

Rediff.com29 Jun 2026

For the foreseeable future, the most likely outcome remains continuation of the status quo. Taiwan will remain self-governing without formally declaring independence, while China continues to apply sustained pressure short of war, predict Krishnan Srinivasan and Manoj Mohanka.

India-UK FTA: Alcobev Industry Welcomes Tariff Cuts, Domestic Makers Seek Level Playing Field

India-UK FTA: Alcobev Industry Welcomes Tariff Cuts, Domestic Makers Seek Level Playing Field

Rediff.com17 Jun 2026

Industry bodies representing alcoholic beverage manufacturers have welcomed the India-UK Free Trade Agreement (FTA), which will see tariffs on UK whisky and gin reduced, boosting bilateral trade and supporting premiumisation. However, domestic manufacturers are calling for state governments to withdraw concessions currently enjoyed by imported liquor brands.

Economic Survey 2026: Rupee valuation does not accurately reflect India's stellar economic fundamentals

Economic Survey 2026: Rupee valuation does not accurately reflect India's stellar economic fundamentals

Rediff.com29 Jan 2026

The value of the rupee, which has slipped to the 92 per dollar mark, does not accurately reflect India's stellar economic fundamentals, the Economic Survey said on Thursday.

What Jawaharlal Nehru Did for India

What Jawaharlal Nehru Did for India

Rediff.com16 Jun 2026

Through his commitment to democratic norms, debate, dissent and constitutionalism, Jawaharlal Nehru helped ensure that parliamentary democracy took deep root in independent India. Utkarsh Mishra evaluates Nehru's 17 years as India's first prime minister, examining his role in nation-building, democratic institution-building, economic planning, scientific advancement and foreign policy.

Economic growth, job creation need attention: EAC-PM

Economic growth, job creation need attention: EAC-PM

Rediff.com11 Oct 2017

The council wants the government to stick to its fiscal consolidation road map.

Expert Advice: Rebalance Your Portfolio Amidst Gold Surge, Equity Volatility

Expert Advice: Rebalance Your Portfolio Amidst Gold Surge, Equity Volatility

Rediff.com21 May 2026

Amidst a sharp run-up in gold and silver prices, investors are advised to rebalance their portfolios by booking partial profits in precious metals and reallocating to domestic equities and debt, according to financial experts.

India's economic growth 'extremely fragile', says RBI MPC member

India's economic growth 'extremely fragile', says RBI MPC member

Rediff.com23 Dec 2022

India's economic growth is now 'extremely fragile' and needs all the support that it can get, as private consumption and capital investment are yet to pick up, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Friday. Varma further said out of the four engines of growth for the economy, exports and government spending supported the Indian economy through the pandemic, but other engines need to pick up the baton now. " I like to think in terms of the four engines of growth for the economy: exports, government spending, capital investment and private consumption. "...while exports cannot be the main driver of growth because of the global slowdown, government spending is necessarily limited by fiscal constraints," he told PTI.

RBI interest rate decision, US-Iran situation to be key market drivers this week

RBI interest rate decision, US-Iran situation to be key market drivers this week

Rediff.com1 Jun 2026

The Indian equity market is set for an event-heavy week, with analysts pointing to the Reserve Bank of India's (RBI) interest rate decision, developments in the US-Iran situation, and crude oil prices as the primary determinants of market trends.

Delhi Fires Reveal A Grim Reality

Delhi Fires Reveal A Grim Reality

Rediff.com26 Jun 2026

We have built an economy that can deliver everything -- from iPhones to biryani -- to a doorstep in 10 minutes, but it cannot deliver a fire engine through a lane in 20, points out Amit Kapoor.

RIL Flags 'Extreme Volatility' Risks from West Asia Conflict, Silent on Jio IPO

RIL Flags 'Extreme Volatility' Risks from West Asia Conflict, Silent on Jio IPO

Rediff.com5 Jun 2026

Reliance Industries Ltd (RIL) has expressed caution regarding 'extreme volatility' risks stemming from the West Asian conflict, which could impact global oil demand and the company's margins, while also noting that near-term retail consumption demand may remain sensitive to macro conditions. Chairman Mukesh Ambani, in the annual report, remained silent on the timeline for Jio Platforms' anticipated public listing, stating the group will 'continue to evaluate strategic pathways'.

'Small-Caps Represent Best Opportunity In India'

'Small-Caps Represent Best Opportunity In India'

Rediff.com16 Jun 2026

'The real money in India over the coming period is likely to be made in small-cap stocks rather than in the large-cap benchmark names.'

Stock markets today: Sensex, Nifty extend gains as crude oil prices drop, IT stocks surge

Stock markets today: Sensex, Nifty extend gains as crude oil prices drop, IT stocks surge

Rediff.com17 Jun 2026

Indian benchmark indices, Sensex and Nifty, extended their rally for the fourth consecutive day, driven by a significant drop in crude oil prices and strong performance from IT firms, despite mixed global cues.

Sensex P/E valuations lowest since May '20 amid FPI selloff

Sensex P/E valuations lowest since May '20 amid FPI selloff

Rediff.com6 Apr 2026

The benchmark BSE Sensex's trailing 12-month price-to-earnings (P/E) multiple has declined to 20.2x, its lowest since May 2020, driven by a record $42 billion FPI selloff since September 2024 and concerns over corporate earnings and economic growth.

Technocrat-politician Ashok Lahiri to steer NITI Aayog with reform mandate

Technocrat-politician Ashok Lahiri to steer NITI Aayog with reform mandate

Rediff.com27 Apr 2026

Ashok Lahiri, a distinguished economist with experience in government, the private sector, and electoral politics, has been appointed as the new Vice-Chairman of NITI Aayog, tasked with strengthening India's reform trajectory and policy-making.

'Economy May Take 2 To 3 Months To Return To Normal'

'Economy May Take 2 To 3 Months To Return To Normal'

Rediff.com8 Jul 2026

'The real shock is going to be from a deficient monsoon.'

Nand Kishore Yadav Takes Office as Nagaland's New Governor

Nand Kishore Yadav Takes Office as Nagaland's New Governor

Rediff.com13 Mar 2026

Nand Kishore Yadav has been sworn in as the new Governor of Nagaland, succeeding Ajay Kumar Bhalla. He pledged to uphold the Constitution, promote development, and preserve the state's cultural heritage.

Foreign investors dump Rs 88,180 cr in Mar; 2026 outflows cross Rs 1 lakh cr

Foreign investors dump Rs 88,180 cr in Mar; 2026 outflows cross Rs 1 lakh cr

Rediff.com22 Mar 2026

Foreign investors have withdrawn over Rs 88,000 crore from Indian equities this month, driven by geopolitical tensions, a weak rupee, and concerns about rising crude oil prices.

West Asia crisis, inflation weighed on RBI panel's decision on interest rate

West Asia crisis, inflation weighed on RBI panel's decision on interest rate

Rediff.com22 Apr 2026

Uncertainties stemming from the West Asia crisis and its potential impact on inflation and economic growth were key factors in the Reserve Bank of India's Monetary Policy Committee (MPC) decision to maintain the status quo on interest rates, according to the recently released MPC meeting minutes.

'India is among Standard Chartered's top five wealth markets globally'

'India is among Standard Chartered's top five wealth markets globally'

Rediff.com6 Jul 2026

"With the leverage available, I believe the scheme remains reasonably attractive," said P D Singh, India and South Asia Chief Executive Officer, Standard Chartered Bank, regarding the Foreign Currency Non-Resident (Bank) or FCNR (B) deposits.