News for 'economic-crisis'

Trump yet to decide as US mulls weekend strike on Iran

Trump yet to decide as US mulls weekend strike on Iran

Rediff.com7 days ago

White House Press Secretary Karoline Leavitt noted that progress has been made in the Geneva talks with Iranian authorities, but the two nations stand 'far apart' on certain issues.

'Save Indian football...' Chhetri & Co appeal to FIFA

'Save Indian football...' Chhetri & Co appeal to FIFA

Rediff.com2 Jan 2026

Staring at a permanent paralysis: Indian footballers urge FIFA intervention on ISL

'An Abnormal, Unnatural, Result'

'An Abnormal, Unnatural, Result'

Rediff.com14 Nov 2025

'This calls for a very serious investigation, investigation and introspection both.' 'Wherever we went wrong needs proper introspection; but the results also need investigation.'

Not Trump, Nobel Peace Prize goes to Venezuelan activist

Not Trump, Nobel Peace Prize goes to Venezuelan activist

Rediff.com10 Oct 2025

United States President Donald Trump was hoping to get the Peace award for "stopping" the eight wars including the conflict between India and Pakistan through trade and tariffs.

Ex-Sri Lankan president Ranil Wickremesinghe arrested

Ex-Sri Lankan president Ranil Wickremesinghe arrested

Rediff.com22 Aug 2025

Wickremesinghe, 76, was arrested at the Criminal Investigation Department (CID) headquarters, where he was summoned to record a statement in connection with an investigation into the alleged misuse of government funds, police said.

'Pakistan May Get More Adventurous Towards India'

'Pakistan May Get More Adventurous Towards India'

Rediff.com4 Oct 2025

'What we need to watch is how Saudi Arabia's financial assistance will be used by Pakistan. If the funds go to build their military hardware and operations, it should worry us.'

Will The GST Cut Make A Difference?

Will The GST Cut Make A Difference?

Rediff.com22 Sep 2025

These changes certainly bring India's GST a lot closer to what an ideal GST would look like, points out Karan Bhasin.

83% Of Sole-Earning Women In Gig Jobs Are Married

83% Of Sole-Earning Women In Gig Jobs Are Married

Rediff.com11 Sep 2025

Women are increasingly using gig work as a pathway to economic independence which has no entry barrier, especially as an alternative to traditional jobs.

Is Nepal unrest handiwork of 'outsiders'?

Is Nepal unrest handiwork of 'outsiders'?

Rediff.com12 Sep 2025

'This escalation was definitely not part of Gen Z's plan. It seems now that these external forces were keenly observing the initial developments from the sidelines and jumped into the fray, taking advantage of the situation, finding that the time was suitable for such acts'

Will Macron Be Ousted Before 2027?

Will Macron Be Ousted Before 2027?

Rediff.com10 Sep 2025

France today increasingly resembles the Italy of the past, when governments fell with bewildering regularity, prime ministers came and went in rapid succession, and political instability became the norm rather than the exception, point out Krishnan Srinivasan and Manoj Mohanka.

Why Are FPIs Selling?

Why Are FPIs Selling?

Rediff.com6 Sep 2025

You can't be the second-most expensive market in the world and deliver just 10 per cent EPS growth, points out Akash Prakash.

He should be king, not field marshal: Imran mocks Gen Munir; calls for talks

He should be king, not field marshal: Imran mocks Gen Munir; calls for talks

Rediff.com23 May 2025

Jailed former Pakistani Prime Minister Imran Khan has called for a dialogue with the military establishment, saying the country is currently governed by "jungle law." Khan, who has been in jail since August 2023, also said that rumors of a deal being made with him are entirely false. He criticized the government's handling of the economy, terrorism, and India's alleged attacks, and warned that Pakistan's moral and constitutional framework has been destroyed.

Herald case: Political damage fear drove YI, AJL donations, alleges ED

Herald case: Political damage fear drove YI, AJL donations, alleges ED

Rediff.com23 May 2025

The Enforcement Directorate (ED) has alleged that some Congress leaders pressured individuals to donate funds to the Young Indian and Associated Journals Limited (AJL) on instructions from senior party functionaries. The ED's chargesheet in the National Herald case claims that these individuals made payments to the company "under the influence" from senior leaders who promised them "certain favours" in party politics. The chargesheet, filed on April 9 before a local court, names Sonia Gandhi and Rahul Gandhi as accused, along with five others, under the Prevention of Money Laundering Act (PMLA). The agency alleges that these donations were not made voluntarily but in expectation of political benefits. The ED also found that YI and AJL received funds from various entities through "quid pro quo" arrangements, where individuals were asked to make payments for advertisements in the National Herald in exchange for past favours from Congress leaders.

Sri Lanka confers highest civilian award on Modi

Sri Lanka confers highest civilian award on Modi

Rediff.com5 Apr 2025

Sri Lanka has bestowed its highest civilian award, the Mithra Vibhushana, on Prime Minister Narendra Modi in recognition of his role in strengthening ties between the two nations. The award was presented by President Anura Kumara Dissanayake at a ceremony in Colombo. PM Modi expressed gratitude, stating the award honors not just him but also the people of India. The Mithra Vibhushana, instituted in 2008, has previously been awarded to prominent figures such as former Maldivian president Maumoon Abdul Gayoom and the late Palestinian leader Yasser Arafat. India's Foreign Secretary Vikram Misri highlighted the award as a recognition of PM Modi's contribution to strengthening the India-Sri Lanka partnership, particularly during Sri Lanka's economic crisis. The award includes a citation and a silver medal adorned with Sri Lankan gems and symbolic motifs representing shared heritage and prosperity.

India, Sri Lanka to ink major defence pact 40 yrs after IPKF intervention

India, Sri Lanka to ink major defence pact 40 yrs after IPKF intervention

Rediff.com29 Mar 2025

The two sides are also likely to firm up a currency swap framework and seal several other agreements including one on debt restructuring following talks between Modi and Sri Lankan President Anura Kumara Disanayaka on April 5, people familiar with the matter said.

ED seeks confiscation of Rs 661cr assets in National Herald case

ED seeks confiscation of Rs 661cr assets in National Herald case

Rediff.com17 Apr 2025

The Enforcement Directorate (ED) has filed a chargesheet in the Associated Journals Limited-Young Indian-National Herald money-laundering case, seeking confiscation of assets worth Rs 661 crore and appending statements of Congress leaders Sonia Gandhi and Rahul Gandhi. The agency has accused the Gandhis of orchestrating a conspiracy to illegally obtain the underlying assets of AJL by the beneficial owners of YI (Sonia Gandhi and Rahul Gandhi). Both Sonia Gandhi and Rahul Gandhi have denied any wrongdoing and said the takeover of Associated Journals Limited (AJL) by Young Indian (YI) was not for commercial purposes. The Congress has slammed the chargesheet, alleging that the ED action against its leaders shows panic and moral bankruptcy of the "despotic" government, while the BJP has continued to call out the role of the Gandhi family in the matter.

Israel Took 6 Days, India Nailed In 2!

Israel Took 6 Days, India Nailed In 2!

Rediff.com15 May 2025

'For weeks, months and years, it would continue to be debated if India should have pushed the early advantage and decapacitated Pakistan militarily.' 'India refused to bite the provocatively proverbial bullet and escalate it into a full-fledged war,' notes N Sathiya Moorthy.

Why Modi's visit to Sri Lanka is important

Why Modi's visit to Sri Lanka is important

Rediff.com4 Apr 2025

Prime Minister Narendra Modi is set to visit Sri Lanka, where he will hold talks with President Anura Kumara Dissanayake and strengthen ties through agreements on defence, energy security, and digitalisation. This visit aims to further bolster the already strong relationship between the two nations and is expected to include several outcomes, including a defence cooperation agreement, debt restructuring, and a currency swap. This visit comes at a time when Sri Lanka is recovering from an economic crisis, where India played a significant role in providing financial assistance.

Will end economic crisis like we ended LTTE: Lankan PM

Will end economic crisis like we ended LTTE: Lankan PM

Rediff.com11 Apr 2022

In a televised address to the nation, Mahinda, who is under growing pressure to quit due to the worst economic crisis facing the island nation, said that he understands the people's sufferings.

Maharashtra facing 'historic economic crisis': Pawar

Maharashtra facing 'historic economic crisis': Pawar

Rediff.com19 Oct 2020

Nationalist Congress Party chief Sharad Pawar on Monday said Maharashtra was facing a "historic economic crisis" and the state government has no option but to take a loan to help the flood-affected people in the state.

Sri Lanka declares emergency amidst protests over economic crisis

Sri Lanka declares emergency amidst protests over economic crisis

Rediff.com2 Apr 2022

Sri Lanka has also imposed a police curfew in Western Province for six hours.

'Sri Lanka's Relations With India At All-Time High'

'Sri Lanka's Relations With India At All-Time High'

Rediff.com9 Apr 2025

'Granting the country's highest civilian honour to Prime Minister Modi was surprising as it indicated the government was going out of its way to have India as a close partner.'

Modi reaches Colombo, 10 ambitious outcomes expected

Modi reaches Colombo, 10 ambitious outcomes expected

Rediff.com4 Apr 2025

Prime Minister Narendra Modi's visit to Sri Lanka is expected to yield at least 10 ambitious outcomes, including a defense cooperation agreement and frameworks for deeper engagement in the energy sector. The visit comes at a time when Sri Lanka is recovering from an economic crisis, with India providing significant financial assistance. Modi and Sri Lankan President Anura Kumara Dissanayake will also dedicate several projects built with India's assistance and virtually inaugurate the Sampur solar energy project.

45 arrested for violent protests outside Lankan Prez house over economic crisis

45 arrested for violent protests outside Lankan Prez house over economic crisis

Rediff.com1 Apr 2022

"No petrol, no gas, no milk powder, no electricity", "Go home Gota", placard carrying protestors were then seen walking towards the Rajapaksa private residence in Colombo at Pangiriwatte Lane.

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.

'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.'

'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.

Anura Kumar Dissanayake sworn in as Sri Lankan president

Anura Kumar Dissanayake sworn in as Sri Lankan president

Rediff.com23 Sep 2024

Anura Kumara Dissanayake was sworn in as Sri Lanka's ninth president on Monday, amid hopes that he will bolster the country's economy and eliminate corruption.

Emergency in Lanka, 2nd time in a month amid protests over economic crisis

Emergency in Lanka, 2nd time in a month amid protests over economic crisis

Rediff.com6 May 2022

Rajapaksa's decision was to ensure public security and maintain essential services so as to ensure a smooth functioning of the country, the presidential media division said.

Won't allow Lankan soil to be used against India: Prez Disanayaka

Won't allow Lankan soil to be used against India: Prez Disanayaka

Rediff.com17 Dec 2024

Sri Lankan President Anura Kumara Disanayaka assured Prime Minister Narendra Modi that his country's soil will not be used against India's interests, addressing concerns over China's growing influence in Colombo. The two leaders discussed a range of issues, including a defense cooperation agreement, energy ties, and debt restructuring. They also agreed to initiate a ferry service between Rameshwaram and Talaimannar, and to adopt a "humanitarian approach" to the fishermen issue.

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.

Economic crisis turning into human calamity: IMF

Economic crisis turning into human calamity: IMF

Rediff.com27 Apr 2009

The International Monetary Fund (IMF) and the World Bank (WB) has said the current global economic crisis is turning into a human calamity as it has hit millions of poor people across the world.

Pak must throw out beggar's bowl: Army chief amid economic crisis

Pak must throw out beggar's bowl: Army chief amid economic crisis

Rediff.com25 Jul 2023

In July, the Pakistan government's debt swelled to USD 2.44 billion, including USD 2.07 billion in non-guaranteed debt owed to China, as per Geo News.

Economic crisis has changed capitalism

Economic crisis has changed capitalism

Rediff.com12 May 2009

The Economist Intelligence Unit survey, commissioned by Dubai Holding, found that almost 60 per cent respondents believe that capitalism is entering a new era of lower risk tolerance, higher regulation and slower growth.

Sri Lanka Votes For Next President

Sri Lanka Votes For Next President

Rediff.com21 Sep 2024

Glimpses from Sri Lanka's presidential election, the first polls since the island's economic crisis, in Colombo and Jaffna, September 21, 2024.

'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.'

Global Economic Crisis: What India Can Do

Global Economic Crisis: What India Can Do

Rediff.com27 Apr 2022

The employment situation remains dire. Whatever can be done to promote greater low-skill employment should be pursued aggressively, advises former chief economic adviser Shankar Acharya.

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.

Mistakes that worsened the economic crisis

Mistakes that worsened the economic crisis

Rediff.com8 Dec 2008

Sticking to fiscal targets in the middle of a global slowdown could be dangerous.

Economic crisis makes Indo-US ties vital: Menon

Economic crisis makes Indo-US ties vital: Menon

Rediff.com12 Mar 2009

Menon said the current global economic crisis figured prominently during his meetings with officials of the Obama administration and congressional leaders in his trip to Washington.