Economy and Finance

News and views related to the Indian Economy and Financial sector

Economy and Finance

Finance Ministry orders detailed inquiry after trading company stopped imports and exports alleging harassment by Customs officials in Chennai

OpIndia Staff -
Union Finance Ministry has ordered an inquiry into allegations of harassment by customs officials made by Wintrac Inc. Responding the company’s statement announcing that...
Economy and Finance

Electronics Component Manufacturing Scheme gets unprecedented response, 249 applications worth ₹1,15,351 crore of investment submitted by industry

OpIndia Staff -
The Electronics Components Manufacturing Scheme has received an overwhelming response from both domestic and international industry leaders. This reflects India’s growing stature on the...
News Reports

After promising to cut drug prices by up to 1500%, Donald Trump imposes 100% tariffs on pharmaceuticals: What it means for Indian pharma industry

Rukma Rathore -
Approximately $20 billion worth of generic medications are shipped to America annually by companies in India.
News Reports

Apple ignores Trump’s threats, ramps up production of phone making machines in India after increasing iPhone production, ties up with dozens of Indian companies

OpIndia Staff -
Approximately 35 companies in India are active in the iPhone manufacturing ecosystem, with around 17 making equipment and tools for the last 2 years
News Reports

Why are Gold rates skyrocketing? Over Rs 1.14 lakhs for 24 karats, a staggering 112 per cent rise in last 5 years. All you...

OpIndia Staff -
While investors have gained from the rising gold prices, retailers are witnessing slow business as non-essential purchases and jewellery sales have taken a hit.
News Reports

Japanese agency Rating & Investment Information upgrades India’s long-term sovereign credit rating to BBB+, third such upgrade this year

OpIndia Staff -
Japanese credit rating agency, Rating and Investment Information, Inc. (R&I), has upgraded India’s long-term sovereign credit rating to ‘BBB+’ from ‘BBB’. R&I also retained the “Stable” Outlook for the Indian economy.
News Reports

U.S. Commerce Secretary Howard Lutnick launches new attack on India for not buying ‘one bushel of corn,’ says ‘accept it or you are going...

OpIndia Staff -
Howard Lutnick said that despite having 1.4 billion people, India does not buy even a bushel of corn from U.S.A., adding that the country will have to either buy American corn or face high tariffs.
News Reports

Union govt reopens application window for PLI Scheme for ACs and LED lights due to industry appetite to invest more

OpIndia Staff -
The Union Government is reopening the application window for the PLI Scheme for White Goods (ACs and LED Lights) for 30 days from 15th September to 14th October
News Reports

Adani Power signs Power Supply Agreement with Bihar govt for supply of 2400 MW electricity from greenfield ultra-supercritical thermal plant

OpIndia Staff -
Adani Power has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd. (BSPGCL) for supply of 2,400 MW
News Reports

Despite Trump’s pressure to impose 100% tariff on India, EU is all set to sign FTA with India, its Trade Commissioner arriving in New...

OpIndia Staff -
European Union is accelerating negotiations for a Free Trade Agreement (FTA) with India, even as Donald Trump urges the bloc to impose up to 100% tariffs on India
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