News for 'RATE'

Lord's pitch 9 faces multi-season exile after New Zealand Test draws ICC censure

Lord's pitch 9 faces multi-season exile after New Zealand Test draws ICC censure

Rediff.com3 days ago

The Marylebone Cricket Club (MCC) has relaid Pitch 9 at Lord's after it received an "unsatisfactory" rating from the ICC following England's Test against New Zealand in June. The pitch, which saw all 40 wickets fall in just 166 overs, will be out of use for at least the next two seasons. MCC has launched a comprehensive review of pitch preparation and plans to use hybrid surfaces to mitigate the impact.

RBI's 'Calibrated Tightening' Drags Indian Markets Lower Amid Global Headwinds

RBI's 'Calibrated Tightening' Drags Indian Markets Lower Amid Global Headwinds

Rediff.com8 Oct 2026

Indian benchmark indices Sensex and Nifty experienced declines in early trade, influenced by the Reserve Bank of India's (RBI) recent repo rate hike and its signal for continued monetary tightening, coupled with rising crude oil prices and foreign fund outflows. Track Sensex, Nifty on October 8.

Lenovo ThinkBook 14x: 2.8K OLED Screen, Intel Core Ultra Chips

Lenovo ThinkBook 14x: 2.8K OLED Screen, Intel Core Ultra Chips

Rediff.com4 days ago

The laptop features a 2.8K OLED display with a 120 Hz refresh rate, Wi-Fi 7 connectivity and a backlit keyboard, while weighing less than 1 kg.

Sports Ministry Pledges Rs 2000 Crore For Ahmedabad's 2030 Commonwealth Games

Sports Ministry Pledges Rs 2000 Crore For Ahmedabad's 2030 Commonwealth Games

Rediff.com1 days ago

The Union Sports Ministry has committed a grant-in-aid of Rs 2000 crore to the Gujarat Government for hosting the 2030 Commonwealth Games in Ahmedabad. This funding, based on 2025 rates and expected to reach Rs 2500 crore by 2030, will be disbursed from the Assistance to National Sports Federations (ANSF) scheme. Ahmedabad won the bid last year to host the centenary edition, which is anticipated to be a grand event featuring 15 to 17 disciplines, unlike the scaled-down Glasgow Games.

Ashwin backs in-form Windies skipper Shai Hope for IPL, says RCB could be an option

Ashwin backs in-form Windies skipper Shai Hope for IPL, says RCB could be an option

Rediff.com2 days ago

Ravichandran Ashwin backs in-form West Indies skipper Shai Hope for an IPL contract, identifying defending champions RCB as a potential fit despite concerns over overseas combinations and batting position.

Tilak Varma discusses India's changing batting order, his preparation for the finisher's role and the positives from the West Indies T20I series ahead of New Zealand.

Tilak Varma discusses India's changing batting order, his preparation for the finisher's role and the positives from the West Indies T20I series ahead of New Zealand.

Rediff.com7 hours ago

Tilak Varma discusses India's changing batting order, his preparation for the finisher's role and the positives from the West Indies T20I series ahead of New Zealand.

Kerala Assembly Passes Motion Against UPI MDR

Kerala Assembly Passes Motion Against UPI MDR

Rediff.com2 days ago

The Kerala Legislative Assembly has passed a motion urging the central government to completely withdraw the proposed Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000. Chief Minister V D Satheesan and CPI MLA K Rajan highlighted concerns that the MDR would increase business costs, harm small businesses, and reduce the appeal of digital payments, while the BJP argued it would not affect general public or small merchants.

Vivo X Fold 6: Premium Foldable With 200MP Zeiss Camera

Vivo X Fold 6: Premium Foldable With 200MP Zeiss Camera

Rediff.com5 days ago

The device brings a Zeiss-engineered triple-camera array with a 200 MP main sensor and ships with OriginOS 7, based on Android 17.

Congress Alleges Modi Govt Preparing For Another UPI U-Turn

Congress Alleges Modi Govt Preparing For Another UPI U-Turn

Rediff.com5 days ago

The Congress party has questioned the Modi government's decision to defer the Merchant Discount Rate (MDR) on UPI transactions, alleging a potential "U-turn on the U-turn." Congress general secretary Jairam Ramesh highlighted previous denials by the finance minister regarding MDR imposition, only for it to be announced later and now deferred. He expressed concerns about future charges on UPI transactions.

Pressure on current account is a temporary problem, says RBI Governor

"Pressure on current account is a temporary problem," says RBI Governor

Rediff.com8 Oct 2026

"Pressure on the current account is a temporary problem. Sooner rather than later, our external sector will improve," said RBI Governor Sanjay Malhotra.

Stock Markets Today: Sensex Surges Over 900 points, Nifty above 22,850

Stock Markets Today: Sensex Surges Over 900 points, Nifty above 22,850

Rediff.com3 days ago

Indian benchmark indices Sensex and Nifty saw a sharp rebound in early trade, driven primarily by a rally in IT stocks and a decline in crude oil prices, even as global markets faced selling pressure due to US inflation concerns. Track Sensex and Nifty on

GST Council scraps arrest power, approves faster refunds, lowers penalties

GST Council scraps arrest power, approves faster refunds, lowers penalties

Rediff.com8 Oct 2026

The GST Council has approved significant reforms including removing the arrest power of tax officials, raising the prosecution threshold fivefold to Rs 5 crore, and introducing faster, largely automated refunds for taxpayers. These changes, aimed at fostering trust and easing business, will be implemented from April 1, 2027.

Abhishek Sharma Is India's Chris Gayle?

Abhishek Sharma Is India's Chris Gayle?

Rediff.com4 days ago

Former Indian cricketer Cheteshwar Pujara has lauded Abhishek Sharma for becoming the fastest batter to reach 2,000 T20I runs, comparing his explosive ability to Chris Gayle. Pujara also highlighted Sharma's growing maturity and Ishan Kishan's crucial role at number three for the Indian team in the shortest format, emphasising his powerplay maximisation.

CII White Paper Outlines Path To $100 Billion Media & Entertainment Sector

CII White Paper Outlines Path To $100 Billion Media & Entertainment Sector

Rediff.com3 days ago

A CII white paper released Thursday outlines a strategy for India's media and entertainment sector to achieve a USD 100 billion valuation by the early 2030s, requiring an annual growth rate of 15 per cent and significant policy reforms. The paper identifies key areas for growth, including broadcasting reform, anti-piracy measures, and investment in regional markets.

'How Can You Grow At 7% With These Rates Of Private Investment?'

'How Can You Grow At 7% With These Rates Of Private Investment?'

Rediff.com2 Sep 2026

'You have to get private investment to somewhere between 35% to 36% of GDP. It is hovering about 30%-31%.'

Maha sarpanch discusses bribe 'rate card', video goes viral

Maha sarpanch discusses bribe 'rate card', video goes viral

Rediff.com22 Aug 2026

A video from Maharashtra's Latur district has gone viral, showing a sarpanch discussing a "rate card" for bribes allegedly demanded by officials to approve government aid for villagers. The sarpanch claimed that Panchayat Samiti members and officials were demanding money for schemes like wells, cattle sheds, and housing. Authorities have sought an explanation from the sarpanch and are investigating the allegations.

Vivo V80 Brings Zeiss Imaging And 90W Charging

Vivo V80 Brings Zeiss Imaging And 90W Charging

Rediff.com6 days ago

The Vivo V80 brings together a high-resolution AMOLED display, Zeiss-powered cameras and a large 7,200 mAh battery, making it a feature-packed option in the premium smartphone segment.

UPI MDR Framework Needs Rationalisation to Protect Public Trust: IIT Bombay Report

UPI MDR Framework Needs Rationalisation to Protect Public Trust: IIT Bombay Report

Rediff.com6 days ago

A report by IIT Bombay suggests that the proposed Merchant Discount Rate (MDR) framework for Unified Payments Interface (UPI) transactions needs rationalisation before implementation to safeguard public trust in the digital payments system, highlighting that UPI's long-term economic benefits outweigh potential incremental income from merchant fees.

Indian Stars Gill, Abhishek, Charani, Shafali Vie for ICC Player of the Month

Indian Stars Gill, Abhishek, Charani, Shafali Vie for ICC Player of the Month

Rediff.com6 Oct 2026

Indian cricketers Shubman Gill, Abhishek Sharma, Sree Charani, and Shafali Verma have been shortlisted for the ICC Men's and Women's Player of the Month awards for September, recognising their exceptional performances in recent international matches.

UPI MDR Charges: Merchants Cannot Pass On Fees To Customers

UPI MDR Charges: Merchants Cannot Pass On Fees To Customers

Rediff.com6 Oct 2026

Punjab & Sind Bank MD and CEO Swarup Kumar Saha clarified that merchants cannot pass on Merchant Discount Rate (MDR) charges to customers for UPI payments, ensuring consumers only pay the displayed price. The new MDR structure, effective October 15, applies a 0.4% charge on P2M transactions above Rs 2,000, with specific flat rates for certain sectors, but small-value transactions remain free.

Abhishek Sharma's Weakness Exposed Again by Windies

Abhishek Sharma's Weakness Exposed Again by Windies

Rediff.com21 hours ago

Abhishek Sharma, India's explosive opener, failed to deliver in a crucial series decider in Bengaluru, falling cheaply to Keemo Paul. Commentator Ian Bishop highlighted Sharma's recurring weakness against straight balls targeted at his body, a tactic West Indies bowlers have successfully exploited in recent matches.

Why IIT-Bombay Wants UPI MDR Cut To 0.08%

Why IIT-Bombay Wants UPI MDR Cut To 0.08%

Rediff.com7 days ago

A report by IIT-Bombay professors recommends reducing the Merchant Discount Rate (MDR) on UPI transactions from 0.40 per cent to 0.08 per cent. It suggests that banks should fund the UPI ecosystem using their net interest margins from CASA deposits, rather than relying on MDR. The report also addresses transaction costs, credit card MDR, and ATM withdrawal allowances, aiming to ensure UPI's long-term sustainability and public trust by proposing remuneration only from large merchants.

Rohit Sharma on finding the perfect formula to handle pressure

Rohit Sharma on finding the perfect formula to handle pressure

Rediff.com3 days ago

Rohit Sharma credits meticulous preparation, studying opposition bowlers and mental strength for handling pressure, while maintaining strong ODI form ahead of India's upcoming New Zealand and Sri Lanka series.

Mini Car Sales Surge 86% as India's Auto Market Rebounds

Mini Car Sales Surge 86% as India's Auto Market Rebounds

Rediff.com2 days ago

India's entry-level passenger vehicle market is experiencing a significant recovery, with mini car wholesales surging 86.3 per cent year-on-year in the first half of FY27, driven by improved affordability and stronger overall demand.

Too Many Trophies! Shai Hope Faces Luggage Woes

Too Many Trophies! Shai Hope Faces Luggage Woes

Rediff.com3 days ago

West Indies captain Shai Hope has continued his exceptional form against India, scoring his fourth century and fifth fifty-plus score in seven innings during the ongoing tour. His consistent 'Player of the Match' performances have been crucial, with the series now level at 2-2 heading into the decider on October 17 in Bengaluru. Hope also reflected on the challenging pitch conditions during their recent win.

GST Council allows small online sellers to use warehouses in other states

GST Council allows small online sellers to use warehouses in other states

Rediff.com6 days ago

India's GST Council has approved changes allowing small online sellers to register in states without physical premises by using an e-commerce operator's warehouse as their principal place of business, aiming to boost national sales for small businesses.

GST Council to focus on process reforms, ease of doing business

GST Council to focus on process reforms, ease of doing business

Rediff.com8 Oct 2026

The Goods and Services Tax (GST) Council is set to discuss proposals aimed at transforming the complex indirect tax system into a more business-friendly regime, focusing on simplifying compliance, reducing administrative burdens, and potentially raising the prosecution threshold.

India's Jobless Rate Climbs as Labour Participation Declines

India's Jobless Rate Climbs as Labour Participation Declines

Rediff.com11 Aug 2026

India's urban unemployment rate for individuals aged 15 and above marginally increased to 6.7 per cent in April-June, while rural unemployment rose to 4.8 per cent, according to the latest Periodic Labour Force Survey (PLFS). This rise in unemployment coincides with a notable decline in the overall labour force participation rate (LFPR) to a five-quarter low of 54.6 per cent.

Nifty gains on Brent crude pullback, but analysts warn of continued volatility

Nifty gains on Brent crude pullback, but analysts warn of continued volatility

Rediff.com6 Oct 2026

Indian equity markets, led by the Nifty 50, saw gains following a pullback in Brent crude prices towards $101-102 a barrel and weaker-than-anticipated US jobs data, which eased concerns about a Fed rate hike. However, analysts caution that markets are likely to remain volatile in the near term.

India's Unemployment Rate Falls to 5.1% in July

India's Unemployment Rate Falls to 5.1% in July

Rediff.com17 Aug 2026

India's overall unemployment rate for individuals aged 15 and above decreased to 5.1 per cent in July 2026, down from 5.5 per cent in June 2026, according to the latest Periodic Labour Force Survey (PLFS) by the National Statistics Office (NSO).

Fitch affirms India's 'BBB-' rating, flags debt and youth unemployment

Fitch affirms India's 'BBB-' rating, flags debt and youth unemployment

Rediff.com12 Aug 2026

Fitch Ratings has affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, acknowledging robust growth prospects and strong external finances. However, the agency highlighted concerns over elevated government debt, lagging structural metrics, and potential fiscal spending pressures due to rising youth unemployment.

RBI MPC members hint at rate hikes as inflation risks persist

RBI MPC members hint at rate hikes as inflation risks persist

Rediff.com20 Aug 2026

Members of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) have indicated that interest rate hikes may be necessary sooner rather than later, as headline inflation is projected to rise from its current benign levels in the coming months, according to the minutes of the August review.

Infosys CEO Predicts AI Will Drive Half Of Company's Work

Infosys CEO Predicts AI Will Drive Half Of Company's Work

Rediff.com5 days ago

Infosys CEO Salil Parekh stated on Tuesday that the company's AI services, currently contributing over 8% of revenue, are growing rapidly and could account for almost half of its work within two to three years. He highlighted the strong demand for AI services, the company's hiring and training efforts for graduates in AI, and discussed potential risks like infrastructure challenges and societal backlash.

Roston Chase Backs Shai Hope Ahead of IPL Mini-Auction

Roston Chase Backs Shai Hope Ahead of IPL Mini-Auction

Rediff.com10 Oct 2026

Roston Chase calls Shai Hope underrated after his 45-ball T20I century powered the West Indies to a record chase, strengthening the skipper's case ahead of the IPL mini-auction.

India dominate T20I rankings as Iyer climbs to 4th

India dominate T20I rankings as Iyer climbs to 4th

Rediff.com4 days ago

Shreyas Iyer has climbed to a career-high fourth position in the ICC T20 International rankings for batters, following his strong performance in the ongoing series against West Indies

India Inc's credit quality robust in H1FY27, but global risks loom

India Inc's credit quality robust in H1FY27, but global risks loom

Rediff.com1 Oct 2026

The Indian corporate sector demonstrated strong credit quality in the first half of FY27, driven by robust balance sheets and healthy liquidity, despite facing risks from elevated crude prices, inflation, and global interest rates.

'Monetary Policy Can Bring Inflation To The Target'

'Monetary Policy Can Bring Inflation To The Target'

Rediff.com7 Oct 2026

'In fact, when monetary policy has been deployed, it does not distinguish between types of shocks. It goes straight for the kill.'

Passenger Vehicle Sales Jump 21% in September, Driven by Festive Demand

Passenger Vehicle Sales Jump 21% in September, Driven by Festive Demand

Rediff.com1 Oct 2026

Domestic passenger vehicle dispatches in India are estimated to have grown by approximately 21 per cent to 4.60 lakh units in September, with major carmakers like Maruti Suzuki, Tata Motors, M&M, and Hyundai all reporting double-digit growth, driven by increased supplies for the upcoming peak festival season and healthy demand.

Only some people are heard: Ex-IAS Divya Mittal launches party

Only some people are heard: Ex-IAS Divya Mittal launches party

Rediff.com3 days ago

Former IAS officer Divya Mittal has launched her new political party, Jan Neeti Bharat, with the aim of contesting the 2027 Uttar Pradesh assembly elections and redefining governance by making people central to policymaking and ensuring government accountability.

Bhuvneshwar Never Chased an India Comeback. Ashwin Explains Why

Bhuvneshwar Never Chased an India Comeback. Ashwin Explains Why

Rediff.com5 days ago

Ravichandran Ashwin discusses Bhuvneshwar Kumar's recall to the T20I squad, attributing it to his consistent IPL performance without chasing rewards. He also touches upon Mohammed Shami's potential comeback, his relationships with Jasprit Bumrah and Virat Kohli, and predicts India and South Africa as strong contenders for the 2027 ODI World Cup.