Economy - RumorRush

Delays inflate bullet train cost to ₹1.98 lakh crore

Introduction India’s flagship high‑speed rail venture, the Mumbai‑Ahmedabad bullet train, has seen its projected price tag swell dramatically, now standing at an eye‑watering ₹1.98 lakh crore. The surge stems from…

Rumorrush January 9, 2026

Air India Economy Finance

Delhi’s historic financial reset: how the new RBI MOU will transform the capital’s economy

Delhi’s government has taken a bold step toward fiscal revitalisation by signing a landmark memorandum of understanding (MOU) with the Reserve Bank of India (RBI). The agreement, announced in early…

Rumorrush January 6, 2026

Air India Economy Environmental Health

Cigarette prices set to surge: what India’s new excise bill means for smokers and the economy

India is on the brink of a dramatic shift in tobacco pricing. A draft excise bill proposes to raise the specific duty on cigarettes from Rs 18 per 1,000 sticks to…

Rumorrush December 29, 2025

Economy Geopolitics India Economy

Ex-CEA Arvind Subramanian on GST: A candid farewell to the North Block

IntroductionArvind Subramanian, who served as the chief economic adviser (CEA) to the Indian government, has left the North Block with a mixture of relief and disappointment. In a candid interview,…

Rumorrush December 26, 2025

Air India Economy India

Indian Railways Announces New Fare Structure: What the 1‑paisa/km Hike Means for Passengers

Indian Railways has rolled out a fresh fare structure that adds a marginal charge of 1 paisa per kilometre for journeys exceeding 215 km in the ordinary class, while other…

Rumorrush December 22, 2025

Air India Economy India

Why Gurugram’s Property Market Demands a Rs 3 Lakh Income

IntroductionGurugram, once a modest satellite town of Delhi, has transformed into a glittering hub of multinational offices, luxury apartments and soaring skyscrapers. Yet beneath the glossy skyline lies a stark…

Rumorrush December 22, 2025

Business Economy India

India’s Persistent PSU Burden: From Nehru’s 70 to Modi’s 84 and the Ongoing Fiscal Drain

India’s public‑sector enterprises have been a political litmus test for successive governments. From Jawaharlal Nehru’s modest portfolio of 70 state‑run firms to Narendra Modi’s record‑high 84, the numbers tell a story of…

Rumorrush December 22, 2025

Economy Finance India Economy

UAE’s ambitious push into digital finance

IntroductionThe United Arab Emirates is rapidly positioning itself as a global hub for digital finance, leveraging its strategic location, sovereign wealth, and forward‑looking regulatory agenda. From the launch of a…

Rumorrush December 20, 2025

Economy India India Economy

New bill to replace MGNREGA draws fire from opposition and raises state fiscal concerns

India's government has introduced a draft legislation to replace the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) with a new framework that promises greater flexibility and reduced fiscal pressure.…

Rumorrush December 19, 2025

Currency Economy Finance

RBI clarifies Gandhi’s portrait will not appear on Indian currency notes

IntroductionA wave of speculation has recently swept across social media and news portals, suggesting that the Reserve Bank of India (RBI) might replace Mahatma Gandhi’s iconic portrait on Indian banknotes…

Rumorrush December 19, 2025