Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

RBI and Nepal’s central bank sign Terms of Reference for integration of UPI with National Payments Interface (NPI) of Nepal

ANI -
Reserve Bank of India and Nepal Rastra Bank signed and exchanged Terms of Reference for integration of Unified Payments Interface (UPI) of India and National Payments Interface (NPI) of Nepal
News Reports

Electoral Bonds Scheme: Whom did it benefit most, What does the SC verdict mean; All you need to know

OpIndia Staff -
In 2018, the Central Government had notified the scheme of Electoral Bonds to "cleanse the system of political funding in the country".
News Reports

UPI to be launched in Sri Lanka and Mauritius by PM Modi, president Wickremesinghe and PM Jugnauth, RuPay card too be inaugurated in Mauritius

ANI -
PM Modi, Sri Lankan President and PM of Mauritius will witness the launch of Unified Payment Interface (UPI) in Sri Lanka and Mauritius, as well as RuPay card services in Mauritius.
Government and Policy

EPFO hikes interest rate on provident fund to 3-year high of 8.25% for FY 2023-24

OpIndia Staff -
After receiving the ratification from the Union government, the interest rate on EPF for FY 2023-24 will be credited into accounts of over six crore subscribers of EPFO.
News Reports

“It was a crisis situation”: Union govt tables White Paper on Indian Economy in Lok Sabha narrating how UPA govt ruined the economy

OpIndia Staff -
Finance Minister Nirmala Sitharman on Thursday laid a White Paper on the Indian economy in the Lok Sabha
News Reports

Persistent non-compliance: RBI explains why they took action against PayTM Bank

OpIndia Staff -
Speaking about RBI’s order against Paytm Payments Bank (PPB), RBI deputy governor Swaminathan J explained that the action was taken only after giving the firm sufficient time to comply
News Reports

Trader’s body CAIT advises traders to switch from Paytm to other payment apps following RBI’s order against Paytm Payments Bank

OpIndia Staff -
"CAIT believes that if there is any evidence of fund irregularities, the Enforcement Directorate (ED) should investigate Paytm Payment Bank," the release added.
News Reports

UPI formally launched in France at Republic Day Reception at the Eiffel Tower in Paris

ANI -
The Unified Payments Interface (UPI) has been formally launched at the Eiffel Tower in Paris, the Indian Embassy in France said on Friday
News Reports

Housing, railways, tourism, capex: Here are the key highlights of Budget 2024

OpIndia Staff -
Taking a jibe at the Congress-led UPA govt, the Finance Minister said that the Modi government is working with an approach to development that is "all round, all-pervasive and all-inclusive".
News Reports

A tale of two interim budgets in 2014 and 2024, reduced capex and deferred payments to fraudulently save face in 2014 vs the best-managed...

OpIndia Staff -
The comparisons of numbers from the interim budget of 2014 and the current interim budget show a massive difference between the two budgets, both after 10 years of rules of UPA and NDA govts.
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