Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

Every penny due for Karnataka given on time, no special grant recommended by Finance Commission: Nirmala Sitharaman denies Congress claim of fiscal bias

ANI - 24 March, 2024

Rejecting Congress bias in fund allocations, Union Finance Minister Nirmala Sitharaman said that every penny due to Karnataka is accounted for and was released on time.

News Reports

RBI asks all agency banks dealing with govt transactions to remain open on 31 March Sunday on the union govt’s request

OpIndia Staff - 20 March, 2024

The Reserve Bank of India on 20 March advised all banks dealing with government transactions to open their branches on 31st March, Sunday.

News Reports

Adani Group to invest ₹1.2 lakh crore in FY 2024-25 through 11 companies, 70% to be in green businesses

ANI - 17 March, 2024

Adani Group plans to invest USD 14 billion (Rs 1.2 lakh crore) in 2024-25 financial year through its portfolio of 11 listed companies, in developing the country's infrastructure

Economy and Finance

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

ANI - 16 March, 2024

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 - 16 March, 2024

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 - 12 March, 2024

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 - 12 March, 2024

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 - 7 March, 2024

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 - 2 March, 2024

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