News for 'economic crisis'

India, Sri Lanka sign major defence pact

India, Sri Lanka sign major defence pact

Rediff.com5 Apr 2025

Prime Minister Narendra Modi received a tri-services ceremonial welcome in Colombo, Sri Lanka, marking the first time such an honor has been bestowed upon a foreign leader. The welcome took place at the historic Independence Square, the venue for national day celebrations. Modi's visit comes as Sri Lanka shows signs of recovery from a recent economic crisis, with India playing a significant role in providing assistance. During the visit, both leaders are expected to discuss a range of issues, including defense cooperation, energy, and digital initiatives.

Trump expresses 'keen interest' in trade pact with Pak, hails army chief

Trump expresses 'keen interest' in trade pact with Pak, hails army chief

Rediff.com19 Jun 2025

In a statement after a meeting between Trump and Pakistan Army chief Asim Munir at the White House on Wednesday, the Inter-Services Public Relations -- the media wing of the Pakistan Army -- said they also discussed joint counterterrorism efforts.

Will never...: Jaishankar on bid to hyphenate India, Pakistan

Will never...: Jaishankar on bid to hyphenate India, Pakistan

Rediff.com7 Jun 2025

India expects partners to understand its policy of 'zero tolerance' against terrorism, and it will never countenance 'perpetrators of evil' being put on par with its victims, External Affairs Minister S Jaishankar said on Saturday during extensive talks with his British counterpart David Lammy.

'Dr Singh Didn't Take Orders From Sonia Gandhi'

'Dr Singh Didn't Take Orders From Sonia Gandhi'

Rediff.com30 Dec 2024

'Mrs Gandhi had nothing to do in the day-to-day working of Dr Singh's government.' 'People say Mrs Gandhi's office used to give orders, which is nonsense.'

Why 767 Maharashtra Farmers Died By Suicide

Why 767 Maharashtra Farmers Died By Suicide

Rediff.com8 Jul 2025

'You've got to understand it is not easy to die by suicide.' 'People commit suicide only when they lose everything and find no other way to live.'

'Band-aid for bullet wounds': Oppn slams Budget, says poll-centric

'Band-aid for bullet wounds': Oppn slams Budget, says poll-centric

Rediff.com1 Feb 2025

India's opposition parties have sharply criticized the Union Budget, calling it inadequate to address the country's economic woes and accusing the BJP-led government of using it to woo voters in Bihar and Delhi ahead of upcoming elections. Leaders from the Congress, TMC, DMK, SP, and CPI(M) voiced their disapproval, highlighting concerns over inflation, unemployment, and the lack of substantial measures to support the agricultural sector and the poor. They also criticized the tax cuts for the middle class as insufficient and coming too late after years of high taxes and rising prices.

Sri Lanka plunges into 10-hour daily power cut as fuel crisis worsens

Sri Lanka plunges into 10-hour daily power cut as fuel crisis worsens

Rediff.com30 Mar 2022

All essentials are in short supply due to import restrictions forced by the forex crisis.

UPA put family first during 2008 crisis: Sitharaman

UPA put family first during 2008 crisis: Sitharaman

Rediff.com9 Feb 2024

Union Finance Minister Nirmala Sitharaman on Friday tore into United Progressive Alliance accusing it of economic mismanagement during the 2008 global financial crisis, saying the Congress put the 'first family first' and brought the economy down to 'fragile five'.

Now, Trump credits 'very smart' leaders of India, Pak for ceasefire

Now, Trump credits 'very smart' leaders of India, Pak for ceasefire

Rediff.com19 Jun 2025

Two 'very smart' leaders of India and Pakistan decided to end last month's conflict that could have turned into a nuclear war, United States President Donald Trump said after holding a rare luncheon meeting with Pakistan army chief Field Marshal Asim Munir at the White House.

Pahalgam attack: Pak seeks 'brotherly' help to cool India tensions

Pahalgam attack: Pak seeks 'brotherly' help to cool India tensions

Rediff.com2 May 2025

Pakistan Prime Minister Shehbaz Sharif has called on "brotherly" countries, including Saudi Arabia, to urge India to de-escalate tensions after the Pahalgam terror attack that killed 26 people. Sharif met with ambassadors from Saudi Arabia, the UAE, and Kuwait, reiterating Pakistan's commitment to peace in South Asia. He rejected India's accusations linking Pakistan to the attack, emphasizing Pakistan's own history as a victim of terrorism. The meeting comes amidst heightened tensions between the two countries.

'Delaying Military Action Would Keep Pakistan Anxious'

'Delaying Military Action Would Keep Pakistan Anxious'

Rediff.com5 May 2025

'Surgical strikes or air strikes, or both, are likely on the table.'

Pakistan to Buy 40 Chinese Stealth Fighters

Pakistan to Buy 40 Chinese Stealth Fighters

Rediff.com23 Dec 2024

Pakistan plans to procure 40 jets of advanced Chinese stealth fighter J-35, which, if materialised, will mark the first export of China's latest jet. The sale would mark Beijing's first export of fifth-generation jets to a foreign ally and is expected to recalibrate regional dynamics, particularly in relation to Pakistan's rival India. The acquisition of new aircraft was pursued despite the serious economic crisis faced by Pakistan. China has helped Pakistan to jointly develop and operate the J-17 Thunder fighter jet, the mainstay of the PAF. China has delivered four advanced naval frigates to the Pakistan Navy in the last few years to enable it to play a bigger role along with its navy in the Indian Ocean and Arabian Sea.

'India-Pakistan Conflict Would Be A Limited One'

'India-Pakistan Conflict Would Be A Limited One'

Rediff.com5 May 2025

'...without massive amounts of force.'

Iran shutting Hormuz Strait will impact Indian economy: Experts

Iran shutting Hormuz Strait will impact Indian economy: Experts

Rediff.com22 Jun 2025

The Israel-Iran conflict has entered a 'decisive phase' after the United States bombed three major Iranian nuclear sites Sunday morning, feel strategic affairs experts with some of them arguing it was Washington, DC's 'responsibility' to not get involved in the military standoff.

Can Zohran Mamdani Be New York Mayor?

Can Zohran Mamdani Be New York Mayor?

Rediff.com25 Jun 2025

Zohram Kwame Mamdani would be the city's first Muslim and Indian American mayor if elected New York mayor this November.

Gotabaya blames Covid for Lanka's economic woes

Gotabaya blames Covid for Lanka's economic woes

Rediff.com16 Jul 2022

Rajapaksa said he took the best steps like trying to form an all-party government to counter the economic meltdown.

Has US Averted India-Pakistan War?

Has US Averted India-Pakistan War?

Rediff.com2 May 2025

The 'mediation' by the United States from behind the scene on the diplomatic track appears to be once again working, which calls on both Delhi and Islamabad to show restraint and pull back from a military confrontation, notes Ambassador M K Bhadrakumar.

'Difficult To Trust Yunus Govt In Dhaka'

'Difficult To Trust Yunus Govt In Dhaka'

Rediff.com4 Apr 2025

'It was the hostility of the Yunus regime that made India careful and wary of dealing with them.' 'They gradually backed off and lowered the noise, but the damage was done.' 'Their true colours had been exposed.'

'If India Thinks It Has Deterred Pakistan, It Is Very, Very Mistaken'

'If India Thinks It Has Deterred Pakistan, It Is Very, Very Mistaken'

Rediff.com23 May 2025

'There's a lot of sense in what Prime Minister Modi did, but the Indian government has to be really prepared for a really sharp escalation spiral.'

Canada's Carney snatches victory from jaws of defeat, thanks to Trump

Canada's Carney snatches victory from jaws of defeat, thanks to Trump

Rediff.com29 Apr 2025

In a dramatic turn of events, Prime Minister Mark Carney's Liberal Party secured victory in Canada's federal election, overcoming earlier predictions of defeat.

Can China Successfully Challenge The US?

Can China Successfully Challenge The US?

Rediff.com16 Apr 2025

If Beijing succeeds in this multipronged effort to challenge the current dominant power, it will have not just economic but political and security consequences. There is no let-up in the South China Sea nor any de-escalation moves on the India-China border. This portends to ominous signalling from Beijing, observes China expert Srikanth Kondapalli.

Bangladesh Crisis: India's Two Wheelers Cos To Take Hit

Bangladesh Crisis: India's Two Wheelers Cos To Take Hit

Rediff.com10 Aug 2024

Indian companies also hold a considerable share of the car, bus, and three-wheeler markets in the country.

India's water crisis detrimental to credit health, warns Moody's

India's water crisis detrimental to credit health, warns Moody's

Rediff.com25 Jun 2024

Moody's Ratings on Tuesday said India's growing water shortage can disrupt farm and industry sectors and is detrimental to the credit health of the sovereign as rising food inflation and decline in income may spark social unrest. It said decreases in water supply can disrupt agricultural production and industrial operations, resulting in inflation in food prices and hence can be detrimental to credit health of sectors that heavily consume water, such as coal power generators and steel-makers.

More Lankan nationals fleeing crisis-hit island nation reach India

More Lankan nationals fleeing crisis-hit island nation reach India

Rediff.com24 Mar 2022

A group of 10 people, including women and children, arrived after getting stranded at fourth island here but were rescued and brought to the shore by the Indian Coast Guard.

Marxist leader Anura Dissanayake wins Sri Lanka's presidential vote

Marxist leader Anura Dissanayake wins Sri Lanka's presidential vote

Rediff.com22 Sep 2024

Anura Kumara Dissanayake, the leader of the Marxist Janatha Vimukthi Peramuna's (JVP) broader front National People's Power (NPP), on Sunday consolidated his lead in the Sri Lanka's presidential election.

The crisis in economics

The crisis in economics

Rediff.com29 Apr 2010

The free fall of economies could be arrested only after a massive coordinated effort by world leaders from the G-20 nations.

Why India Needs Trump's Tariffs To Reform Again

Why India Needs Trump's Tariffs To Reform Again

Rediff.com10 Apr 2025

India needs another shot of difficult reform, of the kind only possible at gunpoint. Mr Trump holds that gun to our heads now. A drastic reduction in tariff protection, other elements of sarkari wet-nursing will force entrepreneurial India to become competitive again, argues Shekhar Gupta.

'Drones And Missiles Can't Deliver A Decisive Military Victory'

'Drones And Missiles Can't Deliver A Decisive Military Victory'

Rediff.com15 May 2025

'Unfortunately, India and Pakistan could learn a 'lesson' from this conflict that will make them more likely to use these weapons against each other in the future.' 'Rounds of missile and drone attacks could be more routine features of their hostility, just like artillery fire has become a familiar fact of life along the Line of Control.'

Did Pahalgam Attack Have A UN Angle?

Did Pahalgam Attack Have A UN Angle?

Rediff.com8 May 2025

Pakistan was waiting for an opportunity to bring the Jammu and Kashmir issue to the global agenda and resorted to the terrorism route to provoke India, observes Ambassador T P Sreenivasan.

Markets In Meltdown: What Should You Do?

Markets In Meltdown: What Should You Do?

Rediff.com8 Apr 2025

'Investors should continue with their SIPs, especially during market corrections.' 'For those looking to start new SIPs, beginning with large-cap funds is a prudent strategy, followed by flexi-cap and value-oriented approaches.'

Pakistan's golden boy receives hero's welcome

Pakistan's golden boy receives hero's welcome

Rediff.com11 Aug 2024

Gold medallist Arshaf Nadeem brings Pakistan's first medal home to hero's welcome

'Trump Doesn't Mean Any Harm To India'

'Trump Doesn't Mean Any Harm To India'

Rediff.com15 May 2025

'He is intrigued by the intractability of Kashmir issue. With his interest in dealmaking and peacebrokering, he sees it as an exciting challenge to tackle.'

Will Australia tour crisis-hit Sri Lanka?

Will Australia tour crisis-hit Sri Lanka?

Rediff.com10 May 2022

Cricket Australia is monitoring the situation in Sri Lanka ahead of the tour.

'India Missed Opportunity To Take Back Parts Of PoK'

'India Missed Opportunity To Take Back Parts Of PoK'

Rediff.com14 May 2025

'Had Haji Pir and/or Skardu been taken, the message would have gone out not just to General Asim Munir and his cohort in the Pakistan army but to the Pakistani people that every terrorist incident in India would lead to substantial loss of territory in PoK.'

Modi had intel 3 days before Pahalgam attack, but...: Kharge

Modi had intel 3 days before Pahalgam attack, but...: Kharge

Rediff.com6 May 2025

Kharge claimed that the Centre accepted "intelligence failure" in an all-party meeting and said it should be held accountable for "not reinforcing" security arrangements in Kashmir to protect people.

For Now DIIs In Driver's Seat...

For Now DIIs In Driver's Seat...

Rediff.com16 May 2025

The interplay between domestic and foreign capital will shape India's equity markets.

B'desh crisis: 'India will have to be very vigilant on border'

B'desh crisis: 'India will have to be very vigilant on border'

Rediff.com6 Aug 2024

'Everyone in Dhaka today is aware that that they need good relations, normal relations with India, but the question... but it's premature to think about that now, right now it is a crisis moment'

COVID, economic recovery, racial equality top priorities for Biden, Harris

COVID, economic recovery, racial equality top priorities for Biden, Harris

Rediff.com9 Nov 2020

The Biden team updated its website to showcase four policy areas the incoming administration will prioritise: COVID-19, economic recovery, racial equity and climate change.

Global crisis: Indian overseas investments hit

Global crisis: Indian overseas investments hit

Rediff.com18 Aug 2009

The report 'Indian FDI falls in global economic crisis: Indian multinationals tread cautiously' by the Columbia Law School and The Earth Institute at the Columbia University said after growing faster than other emerging markets for some time, Indian investments abroad declined in 2008 and will decline further in 2009 in an uneven pattern.

The Restoration Of Indian Primacy

The Restoration Of Indian Primacy

Rediff.com15 Aug 2024

It seems in the geopolitics of the 21st century, we can see the subcontinent acting as one geopolitical entity to secure its economic interests. Key to this transformation is a strong India that is pre-eminent but not dominant, notes Colonel Anil A Athale (retd).