News for 'The Economic Times'

No more military strikes on Iran, Rubio informs US allies

No more military strikes on Iran, Rubio informs US allies

Rediff.com26 Aug 2026

The US has informed allies it will avoid new military strikes on Iran, instead focusing on economic sanctions and maritime enforcement, particularly in the Strait of Hormuz. This strategic shift aims to intensify pressure on Tehran's economy and oil exports while keeping the military option open if Iran initiates aggression. Diplomatic efforts continue amidst persistent regional tensions and maritime incidents.

BJP Faces West Bengal Investment Test

BJP Faces West Bengal Investment Test

Rediff.com7 Sep 2026

West Bengal could be the Bharatiya Janata Party's real test case of its business-friendly policies, points out Kanika Datta.

PhonePe Charts Ambitious Decade-Long Digital Progress Roadmap

PhonePe Charts Ambitious Decade-Long Digital Progress Roadmap

Rediff.com9 Sep 2026

PhonePe, at the Global Fintech Fest 2026, unveiled its strategic vision for the next decade, focusing on inclusive digital progress for individuals, households, and businesses across India. The roadmap details innovations in financial inclusion, wealth creation, credit access, and merchant solutions.

Banks will take 3-4 months to deploy FCNR(B) flows: Setty

Banks will take 3-4 months to deploy FCNR(B) flows: Setty

Rediff.com11 Sep 2026

State Bank of India Chairman C S Setty stated that banks will take three to four months to deploy the significant funds mobilised through foreign currency non-resident (bank), or FCNR(B), deposits, which is unlikely to cause "abnormal lending". He also highlighted the need for agentic artificial intelligence (AI) costs to fall sharply for its widespread deployment in India, envisioning its role in transforming banking from fraud detection to personalised financial assistance.

Iran in deep trouble, US military action still on the table: Trump

Iran in deep trouble, US military action still on the table: Trump

Rediff.com28 Aug 2026

US President Donald Trump indicated that American military operations targeting Iran might not have concluded, while firmly rejecting immediate talks with Tehran. He asserted that Iran is facing severe military and economic difficulties and possesses limited capabilities, despite the reopening of the Strait of Hormuz.

'India And China Have Arrived At A Nash Equilibrium'

'India And China Have Arrived At A Nash Equilibrium'

Rediff.com12 Sep 2026

'The Chinese military cannot advance much in Ladakh, even if they want to.' 'Similarly, in Arunachal Pradesh, they can rename a village or two, intrude here or there, but cannot do much more realistically.'

Why ISRO May Retire GSLV-Mk II

Why ISRO May Retire GSLV-Mk II

Rediff.com4 Sep 2026

'It is not economical to operate GSLV-Mk II due to its cost and complexity. Future launches to be managed with LVM3.'

Time India Embraces China And US

Time India Embraces China And US

Rediff.com26 Jun 2026

India's dual pursuit of a robust strategic partnership with Washington and a pragmatic, tension-management policy with Beijing represents the essence of modern multi-alignment. By embracing economic pragmatism, learning to compartmentalize political differences, and engaging in continuous dialogue, India can secure its borders, grow its economy, and contribute to a stable, multipolar Asian century, points out Ambassador Rajasekhar.

The Sashidhar Jagdishan years at HDFC Bank: Crisis, merger, and scrutiny

The Sashidhar Jagdishan years at HDFC Bank: Crisis, merger, and scrutiny

Rediff.com8 Sep 2026

Sashidhar Jagdishan, the managing director and CEO of HDFC Bank, has announced his decision not to seek reappointment and will retire at the end of his current term on October 26, concluding a six-year tenure marked by significant regulatory and governance challenges, including RBI restrictions, a major merger, and scrutiny over alleged illegal payments.

Thorium Key To India's Nuclear Future

Thorium Key To India's Nuclear Future

Rediff.com3 Sep 2026

'Uranium supply is going to come under increasing pressure.'

Doing Your PhD? You Could Get A Rs 33,000 Scholarship

Doing Your PhD? You Could Get A Rs 33,000 Scholarship

Rediff.com28 Aug 2026

Jawaharlal Nehru Memorial Fund invites applications for Jawaharlal Nehru Scholarships for Doctoral Studies for the year 2026. A candidate may apply for scholarship in any one of the following areas of specialization:: Indian History & Civilization, Sociology, Comparative Studies in Religion & Culture, Ecology & Environment and Economics

Doval in Beijing for talks amid border tensions, Xi visit uncertainty

Doval in Beijing for talks amid border tensions, Xi visit uncertainty

Rediff.com25 Aug 2026

National security advisor Ajit Doval arrived in Beijing on Monday for a two-day visit to take part in the Special Representatives talks on the India-China boundary question with his Chinese counterpart and Foreign Minister Wang Yi.

SC rejects Aravalli panel extension, sticks to Nov 30 deadline

SC rejects Aravalli panel extension, sticks to Nov 30 deadline

Rediff.com7 Sep 2026

The Supreme Court has rejected a High-Powered Committee's request for a six-month extension to submit its report on the definition and protection of the Aravalli Hills, directing the panel to submit it by November 30. The court warned of reconstituting the committee if it fails to meet the deadline and emphasised the need for issue-specific interim reports. This decision follows a previous controversy over the Aravalli definition and mining regulations.

Time To Make India Attractive To Foreign Capital

Time To Make India Attractive To Foreign Capital

Rediff.com22 Jul 2026

That means making it easier to invest, protecting investors through predictable rules, and avoiding policy reversals after investments have been made, notes Rajeswari Sengupta.

Kerala's Economic Crisis: BJP Points Finger At UDF, LDF

Kerala's Economic Crisis: BJP Points Finger At UDF, LDF

Rediff.com4 Jun 2026

BJP leaders Rajeev Chandrasekhar and B B Gopakumar have accused both the UDF and LDF governments of pushing Kerala into an economic crisis. They criticised the lack of solutions from the ruling fronts, highlighted the state's high public debt, and questioned the allocation of revenue for development versus salaries and pensions.

US, EU flag India's 'trade barriers' at WTO, citing high tariffs, QCOs, and digital trade curbs

US, EU flag India's 'trade barriers' at WTO, citing high tariffs, QCOs, and digital trade curbs

Rediff.com10 Sep 2026

The United States and the European Union have strongly criticised India's trade policies at the World Trade Organization review, highlighting concerns over high tariffs, quality-control orders (QCOs), and restrictions on digital trade and services, which they argue undermine India's economic openness.

'If The Economy Is Growing At 6.5-7%, Why Don't Wages Increase?'

'If The Economy Is Growing At 6.5-7%, Why Don't Wages Increase?'

Rediff.com4 Sep 2026

'Wages have not risen. Rural wages have stagnated. The growth was 0.7 per cent last year. For casual and irregular labour, the wage growth is negative.'

West Asia Crisis May Hit FY27 Fiscal Deficit

West Asia Crisis May Hit FY27 Fiscal Deficit

Rediff.com18 Aug 2026

The fiscal consolidation path and Rs 1 trillion stabilisation fund provide room to absorb mild shocks, but sustained oil-price increases pose risks.

'Rs 12 Lakh Crore Disappeared from India's GDP'

'Rs 12 Lakh Crore Disappeared from India's GDP'

Rediff.com4 Sep 2026

'The fundamental issue that I have raised, how come India's GDP in current prices went down from Rs 86 lakh crore down to Rs 80 lakh crore -- a staggering erasure of Rs 6 lakh crore. This disappearance of Rs 6 lakh crore has not been answered by anyone.'

Doval-Wang talks in Beijing ahead of possible Xi Jinping's India visit

Doval-Wang talks in Beijing ahead of possible Xi Jinping's India visit

Rediff.com23 Aug 2026

National Security Advisor Ajit Doval is in Beijing for the 25th round of Special Representatives talks on the India-China boundary issue with his Chinese counterpart Wang Yi. These crucial discussions precede Chinese President Xi Jinping's anticipated visit to India for the BRICS summit, offering a potential opportunity for a meeting with Prime Minister Narendra Modi. The talks aim to address the long-standing border dispute and recurring tensions, with both sides emphasising the importance of peace and tranquillity for bilateral relations amidst recent reports of aggressive Chinese posturing in Arunachal Pradesh.

Rural CV retail sales growth outpaces urban, driven by diversified economy and GST impact

Rural CV retail sales growth outpaces urban, driven by diversified economy and GST impact

Rediff.com7 Sep 2026

Rural commercial vehicle (CV) registrations have consistently outpaced urban sales from April to July 2026, driven by a significant diversification of the rural economy and the positive impact of GST-led consumption, according to experts and data from Fada.

Justice Mishra sworn in as Chief Justice despite Mann govt's objections

Justice Mishra sworn in as Chief Justice despite Mann govt's objections

Rediff.com8 Sep 2026

Justice Ashwani Kumar Mishra was sworn in as the Chief Justice of the Punjab and Haryana High Court, despite strong objections from the Punjab government. The Mann government claimed the appointment bypassed constitutional norms and procedures, leading to a political tussle with the Centre, which defended the process.

India, 163 other nations back UN's 'Correct the World map' move; US opposes

India, 163 other nations back UN's 'Correct the World map' move; US opposes

Rediff.com5 Sep 2026

The UN General Assembly has adopted a resolution, backed by India, to correct the world map for a more accurate representation of continental landmasses. The resolution addresses the distortions caused by the widely used Mercator projection, which minimises the perceived sizes of regions like Africa, Latin America, and South Asia, promoting an unbalanced global view. India supports the move towards more accurate cartographic practices, specifically endorsing broader use of Equal Area map projections.

Why Foreign MBBS Graduates Keep Failing FMGE

Why Foreign MBBS Graduates Keep Failing FMGE

Rediff.com4 Sep 2026

Of the 37,448 candidates registered for the Foreign Medical Graduate Examination (FMGE) in June, 36,288 appeared and 4,635 qualified.

Messi Retires! The Milestones That Defined His International Career

Messi Retires! The Milestones That Defined His International Career

Rediff.com31 Aug 2026

Lionel Messi, widely regarded as one of the greatest footballers of all time, has announced his retirement from international football, concluding a career marked by numerous club and international accolades, including multiple Ballon d'Or awards and a World Cup title.

Next agitation to be 10 times bigger: Rahul's warning to BJP-RSS

Next agitation to be 10 times bigger: Rahul's warning to BJP-RSS

Rediff.com25 Jul 2026

Following Education Minister Dharmendra Pradhan's resignation amidst widespread student protests over the NEET paper leak, Congress leader Rahul Gandhi congratulated the youth, calling it a crucial step for education reform, and urged broader public action to hold the government accountable, demanding an apology from Prime Minister Narendra Modi.

China, US, India must compensate Nepal for flash floods: Khanal

China, US, India must compensate Nepal for flash floods: Khanal

Rediff.com2 Sep 2026

Nepal has launched a diplomatic initiative to secure climate-related compensation from major greenhouse gas emitters, asserting that post-disaster assistance for recent deadly flash floods should be viewed as a moral and legal liability, not charity. Foreign Minister Shisir Khanal highlighted Nepal's disproportionate suffering from global warming despite negligible emissions, citing rapid glacier melt and extreme mountain disasters. The country has formally approached the Loss and Damage Fund board for urgent financial aid following a catastrophic flash flood in the Bhotekoshi river basin.

'You Can Spend 300 Cr, But You Can't Buy Audience Love'

'You Can Spend 300 Cr, But You Can't Buy Audience Love'

Rediff.com5 Sep 2026

'Hanuman Ansh has demonstrated that content is king, and the audience is the ultimate judge.'

'Sugar Prices Have Begun To Ease'

'Sugar Prices Have Begun To Ease'

Rediff.com1 Sep 2026

'With factories starting early for the next season, fresh sugar will enter market 10-15 days earlier than usual, and sugar price are expected to remain affordable in near term.'

We fought major wars with Pak, but China...: Ex-Army chief

We fought major wars with Pak, but China...: Ex-Army chief

Rediff.com21 Aug 2026

Former Army chief General Manoj Naravane asserted that while India's immediate attention is on Pakistan due to terrorism, China will be New Delhi's primary long-term competitor across political, economic, trade, and military domains, necessitating a strong military deterrence alongside dialogue.

PTI Chief On Media's Role: Scepticism Over Cynicism

PTI Chief On Media's Role: Scepticism Over Cynicism

Rediff.com5 Sep 2026

PTI Editor-in-Chief Vijay Joshi emphasised that democracy thrives on citizens who question everything, not those who blindly believe or disbelieve. Speaking at 'Media Conclave 2026', he highlighted the challenges posed by social media, the focus on speed over verification, and AI-generated fake content, stressing the importance of media credibility for informed decision-making.

Nepal floods: Toll rises to 1,356, search stepped up for 5,000 missing

Nepal floods: Toll rises to 1,356, search stepped up for 5,000 missing

Rediff.com7 Sep 2026

Nepal is grappling with the devastating aftermath of flash floods, with the death toll reaching 1,356 and nearly 5,000 people, including foreign nationals, still missing. Identification of bodies is a major challenge, with only a fraction identified so far. President Ramchandra Paudel has appealed for climate justice and national unity for relief efforts. International teams, including experts from India and China, are assisting in search and rescue, particularly at hydropower projects where workers are trapped. The country is also working to restore infrastructure and reassure tourists to protect its vital autumn tourism season.

Govt defends new GDP estimates, says revisions reflect data upgrades, not higher growth by design

Govt defends new GDP estimates, says revisions reflect data upgrades, not higher growth by design

Rediff.com2 Sep 2026

India's statistics ministry has defended its newly released economic growth estimates, stating that revisions to last year's GDP and the divergence between different price measures reflect updated data and estimation techniques rather than an attempt to artificially boost headline growth.

Why UPI Should Be Kept Free

Why UPI Should Be Kept Free

Rediff.com31 Aug 2026

Making UPI payments fee-based for some transactions could enhance mental reservations against digital payments -- which have largely been overcome -- once more. Do we want to regress?, asks R Jagannthan.

'HDFC Merger Contributed To HDFC Bank's Troubles'

'HDFC Merger Contributed To HDFC Bank's Troubles'

Rediff.com7 Sep 2026

'Once you're wrestling with making a merger of that scale value-accretive, you're also under pressure to keep growing the balance sheet and chasing liabilities, and other things start to slip as a consequence.'

'This Is Where Investors Will Make Money'

'This Is Where Investors Will Make Money'

Rediff.com3 Sep 2026

'Value is not where you make money in India. It never has been.' 'You have to buy momentum.' 'Momentum is in technology, and I don't see that slowing down because I believe the AI infrastructure boom is going to last for a while.'

US C-17 military plane lands in Moscow amid airspace curbs, mission unclear

US C-17 military plane lands in Moscow amid airspace curbs, mission unclear

Rediff.com25 Aug 2026

An American Boeing C-17A Globemaster III military transport aircraft reportedly landed in Moscow on Monday morning, according to online air traffic monitoring systems, Russian news agency TASS reported.

'China's Biggest Threat Is Not America, But The Dalai Lama'

'China's Biggest Threat Is Not America, But The Dalai Lama'

Rediff.com3 Sep 2026

'I know China will implode. It is scientifically impossible for China to control a nation through the barrel of a gun.'

Canada suspends trade talks with US, 50% tariff kicks in

Canada suspends trade talks with US, 50% tariff kicks in

Rediff.com22 Aug 2026

Trade negotiations between the United States and Canada have collapsed, leading to the US imposing 50% tariffs on nearly $28 billion worth of Canadian imports, with Canada immediately vowing to retaliate dollar-for-dollar.

Why ISRO Staff Are Worried About ISRO's Future

Why ISRO Staff Are Worried About ISRO's Future

Rediff.com7 Sep 2026

A rocket designed and developed by ISRO is being transferred to industry for production.
Nine ISRO associations want to know whether this is simply an effort to expand India's industrial capacity or part of a larger policy under which ISRO itself will eventually withdraw from rocket manufacturing.