Economy and Finance

News and views related to the Indian Economy and Financial sector

Economy and Finance

CCI and AGI Greenpac used extreme examples to manufacture timeline conflict in IBC proceedings? What Supreme Court said in HNG case

OpIndia Staff - 12 March, 2025

SC has called into question the tactics used by the CCI and AGI Greenpac in a high-profile HNGIL insolvency case

News Reports

Impact of US tariffs will be felt on India, Commerce Minister Piyush Goyal visiting USA for talks with Trump admin: Finance Minister Nirmala Sitharaman

ANI - 6 March, 2025

Nirmala Sitharaman stated that the tariffs are likely to increase with the decision of the US President

News Reports

AGI Greenpac’s Review Petition after SC struck down resolution plan to acquire HNG: An attempt to further delay the longest running IBC case, causing...

OpIndia Staff - 6 March, 2025

AGI Greenpac, with its review petition, wants to restrain the CoC to consider other resolution plans which already had CCI approval, including the INSCO’s bid

Economy and Finance

India’s historic breakthrough: Extreme poverty nearly eradicated, sharpest inequality decline in decades, reveals new study

Jinit Jain - 4 March, 2025

The recent household expenditure surveys for 2022-23 and 2023-24 released by the government of India reveal India has nearly eradicated extreme poverty.

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

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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