'The US slump could hit our hosiery market hard since 40 per cent of our exports go there.' 'Job losses could be severe if the government doesn't step in fast.'
Equity benchmark indices Sensex and Nifty fell on Friday, extending their downward journey to the third day, as investors continued to reel under pressure caused by the imposition of high tariffs and relentless foreign fund outflows.
Any industrial policy is only as good as how it is applied and the other reforms that support it. This was as true 40 years ago as it is now, points out Debashis Basu.
'There is definitely tepid demand because of the (reciprocal tariff) uncertainty.'
As the 50 per cent US tariffs on the Indian imports came into effect on Wednesday, the stakeholders of the diamond industry in Surat believe that the market will be affected due to US' decision only for a short period of time as India controls 90% of diamond production.
Communication channels between India and the US are open to resolve the ongoing tariff issues, and the glitch in trade ties is only temporary, given the long-term relationship between the two nations, government sources said on Wednesday. The US' 50 per cent tariffs on Indian exports to America came into effect from August 27, barring a few sectors.
Maharashtra minister Manikrao Kokate was shifted from the agriculture ministry to the sports and youth welfare department in a late-night reshuffle. Dattatrey Bharne will be the new agriculture minister. The reshuffle comes after Kokate faced controversy for playing online rummy during a legislative council session and allegedly equating farmers with beggars.
Mohammed Siraj launched Stumped: Life Behind and Beyond the Twenty-Two Yards, the autobiography of 1983 World Cup-winning wicketkeeper Syed Kirmani.
A man has been arrested in Mumbai for allegedly murdering his maternal aunt's three-year-old son in Surat and dumping the body in the toilet of an express train.
The rate of unemployment in the country, measured in monthly term, rose to 5.6 per cent in May from 5.1 per cent in April this year mainly due to seasonal variation, showed the government data released on Monday.
The Gems and Jewellery Export Promotion Council (GJEPC) has urged the Centre to provide immediate relief measures as the tariffs imposed by the United States have started hitting the industry. US tariffs of 50 per cent on Indian goods came into effect on August 27.
The central government has proposed just two tax rates of 5 per cent and 18 per cent in the revamped Goods and Services Tax (GST), slated to replace the current indirect tax regime by Diwali this year, highly placed sources said.
'Marathwada is the suicide capital of Maharashtra.' 'To stop such man-made disasters, the government should immediately come up with a rightful package, not this charitable approach to compensation.'
Hectic parleys are underway between officials of India and the US in Washington on the proposed interim trade agreement between the two countries, an official said on Wednesday.
The rise was more pronounced in urban areas than in the rural areas.
The prime minister has announced an ex gratia of Rs 2 lakh from PMNRF (PM's National Relief Fund) for the next of kin of each deceased in the road accident in Mirzapur, UP. The injured would be given Rs 50,000, the Prime Minister's Office posted on X.
'These Marathas are farmers and they only do farming. They have no other business other than farming. Now, they want reservations because farming is no longer a profitable business.'In this interview, veteran farmers' rights advocate and founding member of the Shetkari Sanghatna, Vijay Jawandhia, with Syed Firdaus Ashraf/Rediff unpacks the historical and structural roots of the agitation.
To those who ask, "Is all this really worth it? Why can't domestic demand fill the gap?", it is important to remind them that only 13 economies since the Second World War have grown at 7 per cent or more for 25 years -- like India needs to. They all had one thing in common: Strong export growth underpinned by strong global engagement, explains Sajjid Z Chinoy.
A nationwide strike called by trade unions to protest against the central government's labor policies had a mixed impact across India. While normal life remained largely unaffected in most parts of the country, some sectors like banking, transport, and insurance experienced disruptions. Sporadic incidents of violence were reported in West Bengal.
A 10-year-old boy died and several others were injured in a suspected cylinder blast in Bengaluru. The Chief Minister has announced compensation for the victim's family and medical assistance for the injured.
India and the UK will sign a free trade agreement on Thursday in London that will allow export of labour-intensive products such as leather, footwear and clothing at concessional rates, while making imports of whisky and cars from Britain cheaper. The pact also helps double trade between the two economies to $120 billion by 2030.
Ancient Hindu idols and 'Shivlings' were discovered during excavation work for the renovation of a spring in Anantnag district, Jammu and Kashmir. The site is significant for Kashmiri Pandits and is associated with the Karkoota dynasty.
'The state governments of Gujarat, Maharashtra and Tamil Nadu will be encouraged to consider measures of their own as the employment and economy in such export-oriented states will be affected.'
Rising for the sixth consecutive session, gold prices rallied Rs 1,000 to hit yet another record high of Rs 105,670 per 10 grams in the national capital on Monday, lifted by expectations of a rate cut by the US Federal Reserve this month and robust demand in overseas markets.
Generative AI is transforming workplaces but at a cost -- there are fewer jobs for young workers just entering the workforce, reveals a Goldman Sachs report.
A 32-year-old woman died after she allegedly dozed off while riding pillion on a motorcycle and fell headfirst onto the road in Delhi's Dwarka area.
An army doctor used a hair clip and pocket knife to deliver a baby girl on a train platform in Jhansi, India, after a pregnant woman went into labor. The doctor, with the help of railway staff, ensured the safe delivery of the child.
Prime Minister Shigeru Ishiba's sudden resignation after only a year in office has thrown Japan into political turmoil, raising doubts about how the country will handle economic and regional challenges, observes Dr Rajaram Panda.
A godown employee in Delhi stole over Rs 4 lakh from his employer after befriending the guard dogs. The theft was motivated by the employer's refusal to grant him a salary advance.
'New announcements are made every day which brings tremendous amount of instability and uncertainty.' 'Relying on America has become a big problem.'
'There are still plenty of jobs out there -- but not enough people with the right skills to fill them.'
Uttar Pradesh's leading export hubs are reeling under the impact of a steep 50 per cent tariff imposed by the US on Indian imports, with exporters warning of job losses, stalled orders and shrinking market access. Industry leaders from Noida, Kanpur and Varanasi said the tariff has put years of painstaking market-building at risk, even as protests and demonstrations erupted in several districts last week.
The National Commission for Protection of Child Rights with the Association of Voluntary Action, also known as Bachpan Bachao Andolan, led the crackdown at Som Distillery on Saturday, a release stated.
However, under several external factors -- such as technological disruption or advancement, regulatory or policy changes, or economic shocks -- the gig workforce may grow only to 32.5 million by 2047, a report points out.
Investor sentiment across Asian markets has shifted sharply in August, reveals the latest Bank of America (BofA) Fund Manager Survey, which found global growth expectations retreating after three months of improvement.
'The Football Players Association of India (FPAI) and FIFPRO have been in constant contact with players across the ISL and have raised the matter with FIFA and the AFC on their behalf.'
Despite the alarming figures on job displacement, AI is expected to generate millions of new roles, echoing historical trends of technological transformation.
The Bloomberg report suggests that this backchannel communication from President Xi has laid the groundwork for a broader thaw in relations. This overture has since translated into a series of tangible diplomatic actions leading up to the upcoming Shanghai Cooperation Organisation (SCO) summit.
