A boat tragedy off the Mumbai coast, which claimed the lives of 13 people, including Navy personnel, has cast a sombre mood over the city's iconic Gateway of India. Tourist boats that usually remain brightly lit until late at night were left unlit on Wednesday night, reflecting the tragedy. The incident occurred when a speeding Navy craft crashed into a ferry carrying passengers from the Gateway of India to Elephanta Island. The crash has led to the suspension of boat services at the Gateway of India, with police restricting entry to the area. Ambulances were seen parked at the landmark, and a musical event scheduled at the Gateway of India was cancelled.
The proposals will be reviewed by the World Trade Organization's General Council.
India's fiscal policy is not supportive of monetary measures that the country's central bank is employing to fight rampant inflation, the prime minister's honorary economic advisor and former International Monetary Fund chief economist Raghuram Rajan said, while singling out the proposed Food Security Bill as a particular cause for concern.
On its 177th anniversary, Utkarsh Mishra explores the history and relevance of The Communist Manifesto.
The cabinet of the new government led by Rekha Gupta balances representation of all major communities that propelled the Bharatiya Janata Party to power in Delhi with a massive majority after over 26 years.
Congress president Sonia Gandhi on Saturday asked the states ruled by the party to implement in "letter and spirit" the Food Security Scheme which it sees as a game changer in the 2014 Lok Sabha elections. She held deliberations with Congress chief ministers on how to implement the food scheme, seeking to provide cheap foodgrain to 82 crore people, for which an ordinance was promulgated last week.
Kharge accused PM Modi of inciting people over the issues "that the Congress will never do".
The upcoming Union Budget to be presented on February 1 is likely to assume a nominal gross domestic product (GDP) growth between 10 and 10.5 per cent for FY26, a Business Standard poll of 10 economists showed. The first advance estimates released by the National Statistics Office (NSO) had estimated a nominal GDP growth of 9.7 per cent for FY25. Nominal GDP, calculated at current market prices, factors in the effect of inflation. It is used as the base to calculate crucial macroeconomic indicators, such as fiscal deficit, revenue deficit, and debt-to-GDP ratio.
The Manipur government dubbed as untrue the claim by the counsel for the committee appointed by the apex court to oversee relief and rehabilitation of the victims of ethnic violence that the people of the state were suffering on account of an economic blockade.
Prime Minister Narendra Modi on Tuesday underlined the need for not promoting any restrictions on the supply of energy and called for ensuring stability while once again emphasising on resolving the Ukraine conflict through diplomacy.
While the progress of the monsoon has brightened the prospects of foodgrain production, the fall in sown area is a matter of concern, Agriculture Minister Sharad Pawar tells Sanjay Jog.
UN General Assembly President Philemon Yang will visit India from February 4 to 8, his first official trip as President of the 79th session. Yang highlighted India's "remarkable transformation" over the past decade, particularly in digital and technological innovation, and plans to see how these advancements have reached the grassroots level during his visit. He also praised India's contributions to peacekeeping, humanitarian efforts, and its voice for the Global South.
Dabba Cartel's reluctant black comedy in the body of a crime thriller starts out interestingly enough to accomplish its Narcos: Thane aspirations, notes Sukanya Verma.
Providing cheap rice and wheat to 67.5% population would raise subsidy bills 45% to up to Rs 1.3 trn, and the country.
The food security Bill is likely to adopt a three-pronged strategy to ensure food for all, particularly for the most vulnerable sections of the society. The National Advisory Council (NAC) in its initial discussions on the Bill had talked about a universalised scheme.
As debates and agitation on the issue of spiralling prices of essential commodities corner attention, the research and reference division of the library has come out with supporting material for MPs, bringing out background notes on price rise and global oil prices.
The Budget assumes significance as it comes on the back of lower-than-expected growth numbers during the second quarter and geopolitical uncertainty.
India's e-commerce market alone is projected to reach $200 billion by 2026, making it a prime industry for ambitious entrepreneurs, explains rediffGURU Harsh Bharwani.
Actor Allu Arjun, who was lodged in Chanchalguda Central prison in Hyderabad following a local court's remand in a case related to the death of a woman in a stampede during the premiere of his latest film, spent the night normally and had rice and vegetable curry for dinner, a senior official of the Telangana prisons department said. The actor was kept separately along with other accused in the case and was treated as a special class prisoner as per the court's order. Allu Arjun walked out of jail on Saturday following an interim bail granted by the Telangana High Court. The official refuted the remarks made by Arjun's advocate that the star was not released despite the HC's order, saying according to the jail manual no prisoner will be released after 7 PM.
Congress Vice President Rahul Gandhi on Tuesday attacked critics of the Food Security Bill which was passed by Parliament last week, saying money spent on providing meals to the poor cannot be called "wastage" of financial resources.
Responding to a question, he said, "It may also deal with fake news, though there is no specific mention in this regard."
rediffGURU Nayagam PP offers a detailed guide to equip you with effective strategies, tactics and tips to help you excel in the upcoming IIT-JEE exam 2025.
A day after his appointment as the 26th governor of the Reserve Bank of India (RBI), outgoing Revenue Secretary Sanjay Malhotra on Tuesday said one must understand the economic landscape and do what was best for the economy. "Let me first go, join, understand the turf ... Here it is a different role," Malhotra said, speaking to reporters in front of North Block.
The China threat continues to resonate in the strategic partnership between India and the USA, points out Rup Narayan Das.
Stock Market News today, PSU banks: The year 2024 was a roller-coaster ride for Indian stock markets, marked by volatility driven by the Lok Sabha elections, Union Budget 2024, a slowdown in corporate earnings, and sticky inflation. Geopolitical tensions - particularly between Israel and Iran in West Asia - along with various stimulus announcements by China and yen carry trade rocked the equity markets throughout the year.
Salman Khan returned to his hosting duties on Bigg Boss 18 just days after his close friend and NCP leader Baba Siddique was killed.
Critics have slammed a bloated subsidy that has been proposed for the food security bill, but officials in the government strongly believe that the resultant additional burden will not be above Rs 27,000 crore to meet the commitments under the proposed legislation.
Faced with fresh agitation on the issue of Telangana and continued uncertainties over the food security bill, the Congress top brass including Prime Minister Manmohan Singh and party chief Sonia Gandhi deliberated on the way ahead.
The government is likely to give a legal right to food to both priority and general categories of the population under the proposed National Food Security Act, as suggested by the Sonia Gandhi-led National Advisory Council (NAC).
In 2020 India was compelled by China to change its national security strategy. From counter-insurgency, which the army has been focussed on for years, we shifted to conventional war, observes Aakar Patel.
'Our fractured world has been embroiled in wars and hatred, and many sessions reflect these concerns.'
Dr Nagesh Kumar, one of the three new MPC members, wanted the MPC to reduce the repo rate by 25 basis points to 6.25%.
The UPA thinks that food security can be addressed by importing food. Land must be acquired for the industry to be a vehicle for higher growth. There can be nothing more dangerous than this flawed approach, says Devinder Sharma.
Growth in corporate profits needs to be commensurate with wages to boost the economy, Economic Survey 2024-25 said, noting that sharp disparities between the two pose risk to the economy by curbing demand. The document tabled in Parliament on Friday noted that while the labour share of GVA (gross value added) shows a slight uptick, the disproportionate rise in corporate profitsredominantly among large firmsaises concerns about income inequality.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
As milk prices rise, analysts have an optimistic view on dairy stocks such as Heritage Foods and Dodla Dairy, hoping the companies' margins will grow in the near to medium term. From a long-term perspective, they believe that a growing population, increasing disposable income and health consciousness will strengthen dairy consumption in India.
'The shifts in US involvement in global conflicts and geopolitical alliances could introduce uncertainties.'
Whatever may be their flaws and the adverse impact on industry or the Centre's finances, the food security and land acquisition Bills are likely to be seen by voters as people-friendly initiatives
A nationwide agitation was held on the call of 'December 8 Kisan Mahaandolan' as protesting farmers vociferously reiterated their demand of repealing the new farm laws, which they have termed as "kala kanoon".
A high-level inter-ministerial team conducted a six-hour investigation in Badhaal village, Rajouri district, Jammu and Kashmir, to ascertain the causes of death of 17 members of three families under mysterious circumstances. The team, led by a director-rank officer in the Union Ministry of Home Affairs, collected samples and briefed by senior district, health and police officers. The team's visit follows the deaths of 16 people between December 7 and January 19. The investigation is ongoing, with authorities focusing on potential neurotoxins and a spring that tested positive for pesticides.
