News for 'economic'

'It's Not Modi's Rupee That Benefits. It's India's Rupee That Benefits'

'It's Not Modi's Rupee That Benefits. It's India's Rupee That Benefits'

Rediff.com4 days ago

'In all these years of rupee depreciation, of rising oil prices, of inflation caused by import dependence, not one leader had the courage to look the people in the eye and say: Please do this for your country.'

Avoid destination weddings, prefer online classes: Modi continues austerity push

Avoid destination weddings, prefer online classes: Modi continues austerity push

Rediff.com11 May 2026

Prime Minister Narendra Modi has appealed to citizens to adopt austerity measures, including avoiding destination weddings abroad and reducing edible oil consumption, to mitigate the impact of the West Asia crisis on India's economy.

IPL 2026: RCB Aim For Top Spot As SRH chase Qualifier 1 Berth

IPL 2026: RCB Aim For Top Spot As SRH chase Qualifier 1 Berth

Rediff.com1 days ago

Defending champions Royal Challengers Bengaluru and Sunrisers Hyderabad will both be eyeing a top-two finish when they square off in their final IPL 2026 league match.

Court orders confiscation of arms consultant Sanjay Bhandari's assets

Court orders confiscation of arms consultant Sanjay Bhandari's assets

Rediff.com6 May 2026

A Delhi court has ordered the confiscation of several properties belonging to UK-based arms consultant Sanjay Bhandari under the Fugitive Economic Offenders Act, following his declaration as a fugitive in a money laundering case.

India's Economic Outlook: S&P ups India's FY27 growth forecast to 7.1%

India's Economic Outlook: S&P ups India's FY27 growth forecast to 7.1%

Rediff.com25 Mar 2026

S&P Global Ratings has increased India's GDP growth forecast for the next fiscal year to 7.1 per cent, citing private consumption, investment, and exports as key drivers. However, the agency also cautioned that the conflict in the Middle East could strain India's fiscal position due to higher energy prices.

Chouhan Launches Free Coaching For Disadvantaged Students

Chouhan Launches Free Coaching For Disadvantaged Students

Rediff.com10 May 2026

Union Agriculture Minister Shivraj Singh Chouhan launched 'Mama Coaching Classes' in Madhya Pradesh's Vidisha to provide free coaching and guidance for competitive examinations to economically disadvantaged yet talented students.

Public Sector Banks clock fourth straight year of profit, hit record Rs 1.98 trillion

Public Sector Banks clock fourth straight year of profit, hit record Rs 1.98 trillion

Rediff.com2 days ago

Public-sector banks (PSBs) in India have reported an 11.2 per cent year-on-year rise in net profit, reaching a record 1.98 trillion in FY26, marking their fourth consecutive year of profitability, driven by sustained business growth, improved asset quality, and strong capital positions.

India abstains from vote On UN climate change resolution: Here's why

India abstains from vote On UN climate change resolution: Here's why

Rediff.com1 days ago

India abstained from voting on a UN General Assembly resolution concerning climate change obligations, citing concerns that it undermines the United Nations Framework Convention on Climate Change (UNFCCC). India believes climate obligations should be negotiated through the UN climate framework, emphasising differentiated responsibilities.

ED Returns 63,000 Crore To Victims Of Financial Crimes

ED Returns 63,000 Crore To Victims Of Financial Crimes

Rediff.com12 May 2026

The Enforcement Directorate has reported a staggering 170 per cent surge in asset attachments, reaching 81,422 crore in the last financial year (FY26), underscoring its intensified efforts against financial crimes and its significant role in restituting funds to victims.

Kalyani Group Breaks Ground On Defence Manufacturing Facility

Kalyani Group Breaks Ground On Defence Manufacturing Facility

Rediff.com6 days ago

Kalyani Strategic Systems' subsidiary, Agneyastra Energetics Ltd, has commenced construction of a Rs 1,500-crore defence manufacturing facility in Andhra Pradesh, aiming to enhance India's indigenous defence capabilities and generate employment.

RBI likely to maintain repo rate at 5.25% through FY27, says India Ratings

RBI likely to maintain repo rate at 5.25% through FY27, says India Ratings

Rediff.com2 days ago

India Ratings and Research predicts the Reserve Bank of India (RBI) will maintain the repo rate at 5.25 per cent throughout FY27, despite potential inflationary pressures from higher fuel prices, with inflation expected to remain within the central bank's tolerance band.

The Summers We Never Left Behind

The Summers We Never Left Behind

Rediff.com6 days ago

Mangoes, Thums Up, Ludo, Train journeys, Video cassettes, Wimbledon -- a love letter to the summers that raised us.

Paternity Leave For Private Sector On Cards?

Paternity Leave For Private Sector On Cards?

Rediff.com14 May 2026

Male central government employees are entitled to 15 days under service rules and provisions in the private sector depends on the company's policy.

How AI Can Boost India's Economy By $500 Billion

How AI Can Boost India's Economy By $500 Billion

Rediff.com13 May 2026

A joint study by IBM and IndiaAI, a MeiTY initiative, indicates that Artificial Intelligence (AI) has the potential to contribute over USD 500 billion to India's economy by 2030. The report highlights the need for improved AI literacy, infrastructure, and data quality to fully realise this potential.

Why The UPSC Is India's Most Competitive Exam

Why The UPSC Is India's Most Competitive Exam

Rediff.com4 days ago

rediffGURU Nayagam PP, career counsellor and founder of EduJob360 explains why cracking the UPSC exam is a dream for lakhs of young Indians.

Why didn't austerity wisdom emerge during election campaigns?: Raj Thackeray blasts Modi

Why didn't austerity wisdom emerge during election campaigns?: Raj Thackeray blasts Modi

Rediff.com12 May 2026

MNS president Raj Thackeray questions the fuel consumption during recent election campaigns, asking if austerity measures are only meant for the common people.

Govt Not Complacent, More Reforms In The Pipeline: Shaktikanta Das

Govt Not Complacent, More Reforms In The Pipeline: Shaktikanta Das

Rediff.com12 May 2026

'Policy consistency combined with timely and calibrated reforms are expected to ensure that India not only maintains macroeconomic stability, but also emerges as a globally competitive and inclusive economy.'

Report flags India's vulnerability to cyber attacks, CBRN threat

Report flags India's vulnerability to cyber attacks, CBRN threat

Rediff.com4 days ago

A new report highlights India's increasing vulnerability to cyberattacks and CBRN threats due to geopolitical tensions, industrial growth, and urbanisation, calling for an urgent strengthening of its CBRN security strategy through collaboration and investment.

US to close consulate in Pak's Peshawar citing personnel's safety

US to close consulate in Pak's Peshawar citing personnel's safety

Rediff.com6 May 2026

The State Department spokesperson said the US will continue to engage meaningfully with the people and officials of Khyber Pakhtunkhwa to foster economic ties, promote regional security, and advance the interests of the American people.

Unincorporated Sector Drives Job Growth, Digital Divide Persists

Unincorporated Sector Drives Job Growth, Digital Divide Persists

Rediff.com7 May 2026

India's unincorporated non-agricultural sector, excluding construction and corporate enterprises, added approximately 7.5 million workers in a single year, reaching 128.1 million employed in 2025, according to the NSO's ASUSE 2025 report.

India Is Not Alone: How Hormuz Crisis Affected Lifestyles Worldwide

India Is Not Alone: How Hormuz Crisis Affected Lifestyles Worldwide

Rediff.com14 May 2026

The Strait of Hormuz crisis is impacting lifestyles worldwide, from reduced gold purchases in India to energy conservation in Europe and Japan, as governments urge citizens to adapt to the global energy shock.

4 Reasons Why Market Recovered After March Crash

4 Reasons Why Market Recovered After March Crash

Rediff.com8 hours ago

'Once the market decides it wants to go up, it goes up -- no amount of bad news can really hold it back.'

Delhi Police Busts GST Fraud Cartel, Arrests Six

Delhi Police Busts GST Fraud Cartel, Arrests Six

Rediff.com6 days ago

The Delhi Police's Economic Offences Wing (EOW) has dismantled a GST fraud cartel, arresting six individuals involved in swindling Rs 128 crore through shell companies and fake invoicing.

IPL 2026: KKR stay alive in playoff race with thrilling MI win

IPL 2026: KKR stay alive in playoff race with thrilling MI win

Rediff.com1 days ago

Kolkata Knight Riders kept their playoff hopes alive by defeating Mumbai Indians by four wickets in a rain-affected IPL match on Wednesday.

India's West Asia Trade Contracts for Second Month Amid Shipping Disruptions

India's West Asia Trade Contracts for Second Month Amid Shipping Disruptions

Rediff.com6 days ago

India's trade with West Asia saw a significant decline of over 28% in April, marking the second consecutive month of contraction. This downturn is attributed to severe shipping disruptions stemming from the ongoing conflict involving the US, Israel, and Iran, particularly impacting the crucial Strait of Hormuz waterway.

Why It Is Time To Double Your SIPs

Why It Is Time To Double Your SIPs

Rediff.com8 hours ago

'You set up your SIPs and you do not touch them. Not during COVID, not during a war scare, not when your neighbour tells you the market is finished. You let the noise pass over you.' 'The beauty of this approach is that it does not require courage or conviction in the moment. It just requires inertia -- keep the SIP running and do not look at your portfolio too often.'

How TCS Plans To Become The Top AI Services Firm

How TCS Plans To Become The Top AI Services Firm

Rediff.com6 days ago

TCS, India's largest IT firm, is aiming to become the world's leading AI-led technology services company. CEO K Krithivasan highlights the company's strategy, including upskilling its workforce and executing nation-scale projects in India.

Why West Bengal Is Ending Religious Leader Payments

Why West Bengal Is Ending Religious Leader Payments

Rediff.com4 days ago

The West Bengal cabinet has decided to discontinue assistance-oriented schemes based on religious categorisation for Imams, muezzins and purohits from June. The cabinet also approved the 'Annapurna' scheme of Rs 3,000 monthly support to women from June 1, and granted in-principle consent for their free travel in state-run buses.

Gold import duty hike to spur grey market, smuggling, say exporters

Gold import duty hike to spur grey market, smuggling, say exporters

Rediff.com13 May 2026

The gems and jewellery industry anticipates challenging times following the government's decision to increase gold import duty to 15 per cent, a move that exporters warn could fuel the grey market and heighten smuggling risks.

Xi backs open Hormuz, opposes nuclear-armed Iran: Trump after China visit

Xi backs open Hormuz, opposes nuclear-armed Iran: Trump after China visit

Rediff.com6 days ago

United States and China have agreed that "Iran can't have nuclear weapons," and that the Strait of Hormuz must be opened, according to US President Donald Trump.

WFH, no gold purchases, foreign travel, reduce fuel use: Modi calls for Covid-era methods

WFH, no gold purchases, foreign travel, reduce fuel use: Modi calls for Covid-era methods

Rediff.com11 May 2026

Prime Minister Narendra Modi has urged for restraint in the use of petro products due to the West Asia crisis, emphasising the need to save foreign exchange and reduce the impact of war. He also highlighted India's progress in solar power and ethanol blending, while assuring support to Telangana's development.

Air India defers increments, asks staff to cut costs

Air India defers increments, asks staff to cut costs

Rediff.com9 May 2026

Air India has deferred annual salary increments for its staff by at least one quarter and urged a "relentless focus on costs" due to external headwinds like the closure of Pakistan airspace, West Asia conflict, rupee depreciation, and a significant surge in aviation turbine fuel prices, though the airline has assured there will be no layoffs.

Indian Equities Snap Losing Streak, End Marginally Higher

Indian Equities Snap Losing Streak, End Marginally Higher

Rediff.com13 May 2026

Indian benchmark equity indices, Sensex and Nifty, closed marginally higher, breaking a four-day losing streak, despite elevated crude oil prices and ongoing geopolitical uncertainties. The market saw a temporary pause in panic selling, though cautious sentiment persists.

Netas Walk Modi's Talk On Austerity

Netas Walk Modi's Talk On Austerity

Rediff.com2 days ago

In response to Prime Minister Narendra Modi's call for austerity, political leaders are reducing convoys and promoting public transport to conserve fuel.

OpenAI, Anthropic Threat For India's IT Majors

OpenAI, Anthropic Threat For India's IT Majors

Rediff.com4 days ago

OpenAI and Anthropic are not simply enabling new software capabilities, they are moving directly into enterprise execution, workflow ownership, and decision orchestration.

'Biggest Single Danger Is If Remittances Come Down'

'Biggest Single Danger Is If Remittances Come Down'

Rediff.com13 May 2026

'At the first sign of real trouble, that money will move. There will be a run.'

Digital Access, Data Governance Remain Challenges For India's DPI

Digital Access, Data Governance Remain Challenges For India's DPI

Rediff.com8 May 2026

Chief Economic Advisor V Anantha Nageswaran highlights the challenges of digital access, data governance, interoperability, and cyber security in India's digital public infrastructure (DPI), despite its world-class scale.

Sensex Rises Over 700 Points, Nifty Crosses 23,600 Amid Positive Market Sentiment

Sensex Rises Over 700 Points, Nifty Crosses 23,600 Amid Positive Market Sentiment

Rediff.com14 May 2026

Indian benchmark equity indices, Sensex and Nifty, saw gains in early trade, driven by strong performance in banking shares and positive sentiment from Asian markets, alongside optimism surrounding the ongoing US-China Summit.

How BBMB Is Meeting Water And Power Needs Of Partner States

How BBMB Is Meeting Water And Power Needs Of Partner States

Rediff.com6 days ago

Union Power Minister Manohar Lal Khattar has lauded the Bhakra Beas Management Board (BBMB) for its effective management of water and power resources, catering to the needs of partner states. The event marked 50 years of the BBMB.

Arvind Subramanian: Be Wary of China Bashing

Arvind Subramanian: Be Wary of China Bashing

Rediff.com14 May 2026

It seems odd to criticise a country for delivering growth rates in standards of living and consumption that have been perhaps the fastest, longest, and most broad-based (affecting hundreds of millions of people) in history, points out Arvind Subramanian.