Economy and Finance

News and views related to the Indian Economy and Financial sector

Economy and Finance

India’s foreign exchange reserves cross $636 Billion, at over two-year high

ANI -
Forex reserves or foreign exchange reserves (FX reserves), are assets that are held by a nation's central bank or monetary authority.
News Reports

USA interfering in India once again ahead of elections: US Attorney’s Office for Eastern District of New York decides to probe Adani Group for...

OpIndia Staff -
The Adani group has denied the allegations in a statement stating that they are fully compliant with all laws in India and other countries.
News Reports

Kerala financial crisis: Supreme Court suggests Centre to go ‘slightly liberal’ & provide one-time bailout package as CPM govt demands Rs 19,000 crore

OpIndia Staff -
The Kerala government has failed to pay salaries to several of its employees for the month of February.
News Reports

“Cropping system unviable, free electricity incentivising farmers to over-exploit groundwater resources,” Punjab economic survey states. Details

OpIndia Staff -
The Punjab economic survey also suggested crop diversification to oilseeds and pulses
News Reports

India, Indonesia central banks sign agreement to promote use of local currencies for bilateral transactions

ANI -
The MoU covers all current account transactions, permissible capital account transactions and any other economic and financial transactions in local currencies as agreed upon by both countries.
News Reports

Extreme Poverty is now officially eliminated in India, says think tank report, praises initiatives of Modi govt

ANI -
India has now officially eliminated 'extreme poverty', which can be seen through the sharp decline in headcount poverty ratio and stark increase in household consumption, American think tank Brookings said in a report.
News Reports

Adani Group to invest ₹75,000 crore in Madhya Pradesh across power, expressways, cement, food processing, gas, defence manufacturing and other sectors

ANI -
The Adani Group will invest Rs 75,000 crore in Madhya Pradesh, Pranav Adani, the director of Adani Enterprises Ltd. said on Friday.
News Reports

Tata Group’s market capitalisation reaches USD 365 billion, bigger than Pakistan’s entire economy

OpIndia Staff -
Tata Group's market value stands at USD 365 billion which is more than Pakistan's GDP
News Reports

Two multi-billion dollar full-fledged semiconductor fabs coming up soon in India apart from testing and packaging plants: MoS IT Rajeev Chandrashekhar

OpIndia Staff -
Minister of Electronics and IT Rajeev Chandrasekhar stated that two full-fledged semiconductor fabrication plants with multi-billion dollar investments are soon coming up in India.
News Reports

RBI gives 15-day extension to Paytm Payments Bank, issues FAQ clarifying that Paytm QR, Soundbox and POS terminal linked to other banks will continue...

ANI -
The Reserve Bank of India on Friday gave a 15-day relaxation to Paytm payments bank on accepting deposits.
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