News for 'State for Business and Trade'

After SC jolt, Trump signs order for global 10% tariff on all countries

After SC jolt, Trump signs order for global 10% tariff on all countries

Rediff.com21 Feb 2026

The official also advised all the trade partners to abide by the trade deals. The new 10 percent global tariff is part of Trump's protectionist trade agenda, aimed at addressing balance-of-payments issues and unfair trade practices.

Will Putin's India visit complicate US trade talks? Jaishankar answers

Will Putin's India visit complicate US trade talks? Jaishankar answers

Rediff.com6 Dec 2025

On President Putin's two-day trip to India, Jaishankar said for a "big" and "rising" country like India, it is important to maintain good cooperation with as many important players as possible in the world in line with freedom of choice.

RBI Unveils 'Payments Vision 2028' with Focus on Digital Security and Innovation

RBI Unveils 'Payments Vision 2028' with Focus on Digital Security and Innovation

Rediff.com27 Mar 2026

The Reserve Bank of India (RBI) has introduced its 'Payments Vision 2028' document, outlining initiatives to enhance digital payment security, introduce electronic cheques, and expand regulatory oversight to include e-commerce entities.

Offended by TV ad, Trump stops trade talks with Canada

Offended by TV ad, Trump stops trade talks with Canada

Rediff.com24 Oct 2025

United States President Donald Trump on Thursday night announced the termination of all trade negotiations with Canada, citing an anti-tariff advertisement that used a clip of former US President Ronald Reagan.

War In The Strait Has Reached A Condom Factory!

War In The Strait Has Reached A Condom Factory!

Rediff.com24 Apr 2026

Karex, the Malaysian company that makes roughly one in five of the world's condoms -- about five billion a year, supplying Durex and Trojan among others -- announced this week that it is raising prices by up to 30 percent. The reason is the Strait of Hormuz.

India Faces Russian Oil Squeeze After US Deal

India Faces Russian Oil Squeeze After US Deal

Rediff.com12 Feb 2026

Replacing over a third of India's oil imports at competitive rates is going to be a challenge, said traders from State refiners, even though some progress was made in the last two months.

Norms on investments from China can be eased in calibrated way: Goyal

Norms on investments from China can be eased in calibrated way: Goyal

Rediff.com25 Feb 2026

India may adopt a "calibrated" and a "step-by-step" approach to easing norms on investments originating from China, Union Commerce and Industry Minister Piyush Goyal said on Tuesday. He was in a conversation with A K Bhattacharya on Day 1 of Business Standard's two-day annual event, Manthan 2026. The minister said foreign direct investment (FDI) from China was certainly not "banned", but it goes through an approval process. "The government's approach at the moment is to accelerate the approval process."

What Weapons Will Putin Sell India On Rare State Visit?

What Weapons Will Putin Sell India On Rare State Visit?

Rediff.com29 Nov 2025

On the table are additional batches of S-400 surface-to-air missile systems from Russia, which India used with immense success during Operation Sindoor. India could buy at least two squadrons of Su-57 fighter jets plus joint production of S-500 air defence systems.

Iran War: Truce Is A Bitter Pill For Trump To Swallow

Iran War: Truce Is A Bitter Pill For Trump To Swallow

Rediff.com10 Apr 2026

The logic of war plus the gathering storms in US politics as the midterms loom large leave him with no real alternative but to negotiate, points out Ambassador M K Bhadrakumar.

Gurdaspur Jeweller's Family Held Hostage in Rs 3 Crore Robbery

Gurdaspur Jeweller's Family Held Hostage in Rs 3 Crore Robbery

Rediff.com5 Mar 2026

Unidentified men held a jeweller's family hostage at gunpoint in Gurdaspur, Punjab, and stole cash and jewellery worth approximately Rs 3 crore, prompting criticism of the state's law and order situation.

Illegal Opium Cultivation Exposed in Chhattisgarh, Sparking Political Row

Illegal Opium Cultivation Exposed in Chhattisgarh, Sparking Political Row

Rediff.com10 Mar 2026

Authorities in Chhattisgarh have uncovered illegal opium cultivation, leading to seizures and political accusations. The discovery follows a previous incident involving a BJP leader, raising questions about the state government's role.

How Modi Steered India-US Ties Back On Track

How Modi Steered India-US Ties Back On Track

Rediff.com3 Feb 2026

Prime Minister Narendra Modi stayed calm, avoided public confrontation, and focused on India's long-term interests to steady ties with the United States.

Agricultural shift from subsidies to sustainability may be the way ahead

Agricultural shift from subsidies to sustainability may be the way ahead

Rediff.com26 Feb 2026

India is already a heavyweight in global farm trade in pockets such as rice exports, but experts are urging a pivot from a subsidy- and procurement-driven mindset to a productivity and nutrition strategy that still shields farmers from volatility.

Indian team back from US after holding trade talks

Indian team back from US after holding trade talks

Rediff.com25 Sep 2025

The Indian team has returned from the US after holding trade talks with their American counterparts in New York, an official said on Thursday. Commerce and Industry Minister Piyush Goyal, who led the team, will be back on Friday.

'No Indian company will be...': Tharoor on Trump's Iran tariffs

'No Indian company will be...': Tharoor on Trump's Iran tariffs

Rediff.com15 Jan 2026

The Congress MP said he had been "troubled" by the US tariff regime from the very beginning, adding that India was already at a disadvantage compared to its regional competitors.

Waaree Energies, Premier Energies in Focus as US Imposes 126% Duty on Indian Solar Imports

Waaree Energies, Premier Energies in Focus as US Imposes 126% Duty on Indian Solar Imports

Rediff.com25 Feb 2026

Shares of Waaree Energies and Premier Energies are under pressure after the US imposed initial duties on Indian solar imports. The article examines the impact on green energy stocks and market sentiment.

CERC staffers reportedly earned Rs 173 cr via insider trading

CERC staffers reportedly earned Rs 173 cr via insider trading

Rediff.com17 Oct 2025

CERC, which has a key role in India's power sector, has also set up a committee to gather further evidence in the matter and take suitable action.

From 18% to 10%: Trump's new global levy brings relief for India

From 18% to 10%: Trump's new global levy brings relief for India

Rediff.com21 Feb 2026

US President Donald Trump announced a new global levy on imported items, resulting in a lower tariff rate for India, following a Supreme Court verdict against his previous sweeping tariffs.

TMC manifesto bets on women voters, ramps up welfare push

TMC manifesto bets on women voters, ramps up welfare push

Rediff.com20 Mar 2026

The Trinamool Congress (TMC) has released its manifesto for the West Bengal elections, focusing on welfare politics and women's empowerment with pledges to expand existing schemes, improve healthcare, and develop infrastructure.

Nothing changes, India will be paying tariffs: Defiant Trump after SC blow

Nothing changes, India will be paying tariffs: Defiant Trump after SC blow

Rediff.com21 Feb 2026

US President Donald Trump asserted that the trade deal with India remains intact despite a Supreme Court ruling against his tariffs, while also claiming he used tariffs to stop a war between India and Pakistan.

Don't do deals with gun...: Piyush Goyal on trade talks with US

Don't do deals with gun...: Piyush Goyal on trade talks with US

Rediff.com24 Oct 2025

India does not do trade agreements in a hurry or with a "gun to our head", Commerce and Industry Minister Piyush Goyal said on Friday. He said India is actively negotiating trade pacts with countries and regions, including the European Union (EU) and the US.

Trump threatens Canada with 100% tariffs over China deal

Trump threatens Canada with 100% tariffs over China deal

Rediff.com24 Jan 2026

Trump's outburst comes amid escalating tensions between the US and its northern neighbour, following recent remarks by Canadian Prime Minister Mark Carney at the World Economic Forum (WEF) in Davos.

Trump raises global tariff from 10% to 15% day after SC ruling

Trump raises global tariff from 10% to 15% day after SC ruling

Rediff.com21 Feb 2026

Following a Supreme Court setback, Donald Trump has announced an increase in global tariffs from 10% to 15%, impacting international trade relations and raising concerns about economic repercussions.

Trump's tariff junked: What it means for Indian companies

Trump's tariff junked: What it means for Indian companies

Rediff.com21 Feb 2026

India will now face a lower reciprocal tariff of 10 per cent, down from 25 per cent, after US President Donald Trump announced a new global levy on items imported into America in the wake of the Supreme Court verdict against his sweeping duties on several nations.

Will Budget 2026 Fix The Customs-FTA Disconnect?

Will Budget 2026 Fix The Customs-FTA Disconnect?

Rediff.com31 Jan 2026

Customs regimes can lead to labyrinthine legal disputes. Budget 2026 must recognise that an excessively defensive Customs posture can itself become a trade barrier, point out Mukesh Butani and Shankey Agrawal.

India backs Gaza peace plan, Modi tells Israeli Knesset

India backs Gaza peace plan, Modi tells Israeli Knesset

Rediff.com25 Feb 2026

Prime Minister Narendra Modi addressed the Israeli Parliament, reaffirming India's support for Israel in the face of terrorism and expressing support for the Gaza peace initiative.

STT hike on Futures drags markets down; Sensex crashes 1,547 points

STT hike on Futures drags markets down; Sensex crashes 1,547 points

Rediff.com1 Feb 2026

Benchmark stock indices Sensex and Nifty dived sharply by nearly 2 per cent on Sunday after Finance Minister Nirmala Sitharaman proposed a hike in the Securities Transaction Tax (STT) on derivatives. Reversing the early gains, the 30-share BSE Sensex plunged sharply by 2,370.36 points or 2.88 per cent to slide below the 80,000-mark at 79,899.42 in afternoon trade as the finance minister announced a hike in STT on futures contracts to 0.05 per cent from the current 0.02 per cent.

Energy security for 1.4 bn supreme: India refutes Trump's Russian oil claim

Energy security for 1.4 bn supreme: India refutes Trump's Russian oil claim

Rediff.com5 Feb 2026

MEA spokesperson Randhir Jaiswal said India's energy decisions are guided by national interest.

Yash's Toxic Is Postponed. This Is Why

Yash's Toxic Is Postponed. This Is Why

Rediff.com4 Mar 2026

Yash's Toxic: A Fairy Tale For Grown-Ups has been postponed to June 4, due to the escalating Middle East conflict.

Reliance gets US licence to directly buy Venezuela oil

Reliance gets US licence to directly buy Venezuela oil

Rediff.com14 Feb 2026

Private-sector oil refiner Reliance Industries Limited (RIL) last week received a general licence from the United States (US) government to buy Venezuelan oil, an industry executive said.

Hormuz Blockade Is The New Battlefield

Hormuz Blockade Is The New Battlefield

Rediff.com16 Apr 2026

The clock on the ceasefire is running out. But everyone's already whispering about round two, possibly as soon as this weekend.

US-Iran Conflict Wipes Out Rs 70,000 Cr From LIC Portfolio

US-Iran Conflict Wipes Out Rs 70,000 Cr From LIC Portfolio

Rediff.com11 Mar 2026

The BSE Sensex and the Nifty 50 declined around 4.5 per cent each since the start of the West Asia conflict.

Gulf War: Time India Distances Itself From Israel

Gulf War: Time India Distances Itself From Israel

Rediff.com31 Mar 2026

It may now be time to question the price India is paying for Israel's disregard of the serious undermining of India's energy security, asserts former foreign secretary Shyam Saran.

Now, India's gems & jewellery sector on par with China, Thailand

Now, India's gems & jewellery sector on par with China, Thailand

Rediff.com4 Feb 2026

Exporters of gems and jewellery have said the free-trade agreement (FTA) has brought relief to their sector because this opens up the world's second-largest market and brings them on a par with China and Thailand, which face zero tariffs on shipments to Europe.

Sensex ends lower on foreign fund outflows, selling in blue-chips

Sensex ends lower on foreign fund outflows, selling in blue-chips

Rediff.com13 Jan 2026

From the 30-Sensex firms, Trent, Larsen & Toubro, Reliance Industries, InterGlobe Aviation, Maruti, ITC, Adani Ports and Bharat Electronics were among the biggest laggards. In contrast, Eternal, ICICI Bank, Tech Mahindra, State Bank of India and Tata Consultancy Services were among the gainers.

India Will Continue To Buy Russian Oil

India Will Continue To Buy Russian Oil

Rediff.com6 Feb 2026

'No one can or will bar India from pursuing its energy goals as it wishes.' 'The US FTA wording may sound more restrictive, but the underlying reality will not undermine India's sovereign energy decisions.'

East India Company Shuts Down Again

East India Company Shuts Down Again

Rediff.com27 Feb 2026

The East India Company, revived by Indian businessman Sanjiv Mehta in 2010, has ceased operations and entered liquidation, marking the end of its modern incarnation.

Will Trump's 5 Day Pause End The War On Friday?

Will Trump's 5 Day Pause End The War On Friday?

Rediff.com24 Mar 2026

'Was the five-day pause ever meant to hold, or was it simply another instrument of signaling, of positioning, of buying time in a war where even the pauses are tactical?' asks Prem Panicker in his must read daily blog on the Gulf War.

Air India to resume flights to Shanghai from Feb 2026

Air India to resume flights to Shanghai from Feb 2026

Rediff.com18 Nov 2025

Air India announced the resumption of its non-stop flights between Delhi and Shanghai (PVG), effective from February 1, 2026, marking Air India's return to mainland China after nearly six years, an official statement by the airline stated.

Equity Markets' Challenges: Weak Demand, High Valuation

Equity Markets' Challenges: Weak Demand, High Valuation

Rediff.com17 Feb 2026

Trade deals ease risks for Indian equities, but weak demand and stretched valuations raise questions over whether optimism -- especially in smallcaps -- can turn into a sustained bull run, points out Debashis Basu.