Economy and Finance

News and views related to the Indian Economy and Financial sector

Gujarat: Man who had impersonated as a govt employee and hurled shoe at minister appointed as vice president of state unit by AAP

Gopal Italia, who has several criminal cases against him, appointed as vice president of AAP in Gujarat after he joined the party recently

US Secretary of State lists Jio as a “Clean Telco” for not using Chinese tech, something Mukesh Ambani had told Trump in February

Mike Pompeo said that tide is turning toward trusted 5G vendors and away from Huawei as Clean Telcos like Jio not using Chinese Tech

Union government brings cooperative banks under RBI control through an ordinance

The cabinet on Wednesday passed an ordinance to extend the Reserve Bank of India's supervision over the cooperative banks

Union govt makes it mandatory for sellers to mention of ‘Country of Origin’ of products in Government e-Marketplace

The platform has also enabled a provision for indicating the percentage of local content in products in order to promote local goods.

Samsung and OnePlus to manufacture their TVs in India

Currently, Samsung and OnePlus import televisions from Vietnam and China respectively for Indian markets.

Making sense of the tax on parota vs roti debate: Read what the GST authority’s ruling exactly says

The tax order saying parotas are not rotis is applicable only for packaged parotas, and not for regular parota available at restaurants

GST authority rules that packaged parotas are not rotis and they will attract 18% tax

GST authority says Patoras are not completely cooked before packing and consumer has to heat it, therefore they are not same as rotis & will be taxed 18%

Economic policy to alleviate the immediate effects of Covid-19 on the Indian Economy needs to be tactical to stabilize society

As preparations are made to restart economy after effects of lockdown, stimulating demand side of economy is need of the hour

Indian economy will witness a growth of 9.5 percent in the next financial year: Fitch Ratings

Fitch Ratings stated that if India's Financial sector does not go down by 2021-22 then it will witness a growth of 9.5 percent.