Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

CAG report exposes AAP government’s mismanagement during COVID-19 pandemic in Delhi

OpIndia Staff - 28 February, 2025

As per the CAG report, the Kejriwal govt did not make full use of the COVID fund allotted by the central government. Out of a total of ₹787.91 crore, only ₹584.84 crore was used.

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Jharkhand: CAG report suspects irregularities as no utilisation certification submitted for ₹19,125 crore, highlights crippling health infrastructure

OpIndia Staff - 28 February, 2025

According to CAG report on Jharkhand govt, 5209 utilization certificates were not submitted by the bodies and authorities against an amount of ₹19,125.88 crore

News Reports

Donald Trump announces additional tariff against Canada, Mexico and China will be enforced from 4 March over Fentanyl supply, reciprocal tariff starts from April...

OpIndia Staff - 27 February, 2025

Donald Trump announced today that the proposed extra 25% tariff against Mexico and Canada will be implemented from March 4 if drug supply from these countries do not stop.

News Reports

Bengaluru Tax Tribunal issued order based on ChatGPT research on cases that didn’t exist, recalls after finding out

OpIndia Staff - 26 February, 2025

A tax order issued by the Bengaluru bench of the Income Tax Appellate Tribunal (ITAT) was reportedly withdrawn after it was found that the order was based on ChatGPT research on cases that did not exist.

News Reports

Adani Group paid ₹58,104.4 crore in global taxes in 2023-24, group companies release Tax Transparency Reports

ANI - 23 February, 2025

The Adani Group, a major leader in infrastructure development, has released its Tax Transparency Reports for the fiscal year 2023-2024

News Reports

Assam cabinet approves investment MoUs worth ₹1.22 lakh crore to be signed during Advantage Assam 2.0 summit, proposals of around ₹45,000 crore rejected

OpIndia Staff - 23 February, 2025

The Assam Cabinet has accorded the green light to investment proposals worth Rs 1.22 lakh crore ahead of the Advantage Assam 2.0 summit,

News Reports

Uttar Pradesh govt presents Rs 8 lakh crore budget for fiscal year 2025-26, largest in state’s history

Shraddha Pandey - 21 February, 2025

Uttar Pradesh's budget for the fiscal year 2025-26 prioritizes infrastructure development, technology, education, healthcare, and social welfare, aiming to accelerate economic growth and improve public services across the state.

Economy and Finance

Donald Trump terms Elon Musk’s decision to set up Tesla car manufacturing unit in India as ‘unfair’ to the US

OpIndia Staff - 20 February, 2025

Tesla has identified two locations in New Delhi and Mumbai for setting up car manufacturing units in India. The company has also advertised 13 mid-level job posts.

News Reports

Maha Kumbh to generate business worth ₹3 lakh crore through goods and services, estimates Confederation of All India Traders

ANI - 19 February, 2025

The Mahakumbh festival in the holy city of Prayagraj is estimated to have generated business of over ₹3 lakh crore (USD 360 billion) through goods and services, as per Confederation of All India Traders

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