Economy

Defence

Plastic currency: RBI revives idea of polymer notes, says report

May 29, 2026 revoi editor

Virendra Pandit New Delhi: India may soon get plastic currency notes as the Reserve Bank of India (RBI) has revived a decade-old plan, the media reported on Friday. The central bank is considering a pilot project for polymer banknotes, citing longer shelf life, lower replacement costs, and rising demand for cash despite the growth […]

Business

Growth: India’s outlook for FY27 remains positive, says RBI report

May 29, 2026 revoi editor

Virendra Pandit New Delhi: Despite the ongoing West Asian conflict and the attendant risks, which could pose headwinds to growth and inflation in the short run, the overall growth outlook for India in the financial year 2026-27 remains positive, the Reserve Bank of India (RBI) has said. The central bank’s Annual Report for FY26 […]

Business

Politics: Siddu agrees to resign; DK Shivakumar to be next Karnataka CM

May 28, 2026 revoi editor

Virendra Pandit New Delhi: Karnataka Congress chief and Deputy Chief Minister DK Shivakumar will replace incumbent Siddaramaiah as the next Chief Minister of the only major state where the Congress party is currently in power. After hectic parleys and politicking, two-time Chief Minister Siddaramaiah, 77, also known as Siddu, will submit his resignation to […]

Business

Roving Periscope: Chasing a peace deal, the US launches fresh strikes on Iran

May 28, 2026 revoi editor

Virendra Pandit New Delhi: With no headway in the stalemated peace talks, the US late on Wednesday launched fresh ‘defensive’ strikes on an Iranian military facility, after drone threats near the Strait of Hormuz, the media reported. Reports quoted two US officials saying that the US military forces shot down four Iranian drones and […]

Business

Pakistan: Its role as mediator between the US and Iran “problematic!”

May 27, 2026 revoi editor

Virendra Pandit New Delhi: A day after Pakistan ruled out joining the “Abraham Accords 2.0”, US Senator Lindsey Graham, a close President Donald Trump ally, questioned the South Asian country’s commitment to brokering peace between the United States and Iran. Islamabad, which Trump asked to mediate between Washington and Tehran, unambiguously rejected the US […]

Business

Roving Periscope: Amid frozen Iran war, Israel kills new Hamas chief In Gaza

May 27, 2026 revoi editor

Virendra Pandit New Delhi: While US President Donald Trump ‘delays’ a peace deal with Tehran, pushing Saudi Arabia, Qatar, and Pakistan to sign on the “Abraham Accords 2.0” and recognize Israel as a precondition for truce, the Jewish state continued to crush remnants of the Hamas terror group in Gaza City, and Hezbollah in […]

Business

Edutech: Singapore court sentences Byju Raveendran for six months in contempt case

May 27, 2026 revoi editor

Virendra Pandit New Delhi: Byju Raveendran, one of the most successful pioneers in education technology (edutech) segment in India, was sentenced to a six-month term in jail by a Singapore court in a contempt case, the media reported on Wednesday. He was ordered to serve jail time after the court said he had disobeyed […]

Business

Fuel security: Quad to launch energy forum; China against confrontation

May 26, 2026 revoi editor

Virendra Pandit New Delhi: The Quadrilateral Security Dialogue (Quad) on Tuesday declared that the Indo-Pacific will not be held hostage to the energy volatility reshaping the global economy. The group’s joint statement on Indo-Pacific Energy Security, issued at the close of the Foreign Ministers’ meeting, named the Strait of Hormuz explicitly – an […]

Business

West Asia: With fresh US strikes, the Iran war may restart

May 26, 2026 revoi editor

Virendra Pandit New Delhi: While there is little tangible progress in a potential Washington-Tehran peace deal, the frozen Iran war threatened to boil up again on Tuesday with the US launching fresh strikes on Southern Iran, including its missile launch sites, in “self-defence,” the media reported. The strikes were done “to protect our troops […]

Business

Roving Periscope: To counter China, Quad partners ink deal on critical minerals; to mobilize $20 bn fund

May 26, 2026 revoi editor

Virendra Pandit New Delhi: Amid growing concerns over China’s export controls on rare earth elements and strategic metals vital for global technology supply chains, the four Quad partners on Tuesday firmed up a key framework for cooperation in ensuring steady supplies of critical minerals, the media reported. On the sidelines of the Quadrilateral Security […]