Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

Tata Electronics to recruit 1,000 female technicians in Assam for Semiconductor Assembly Testing and Packaging facility in Karnataka

OpIndia Staff - 30 December, 2023

ata group company Tata Electronics, which has big plans for the semiconductor industry, is recruiting 1000 female technicians in Assam for its semiconductor facility in Narasapur near Bengaluru.

News Reports

Tesla to set up its first Indian factory in Gujarat, announcement likely during Vibrant Gujarat event in January 2024

OpIndia Staff - 28 December, 2023

Tesla may announce its debut in India in January 2024 during the Vibrant Gujarat Summit scheduled to be held in Gandhinagar

News Reports

Pakistan’s economic development model has failed, it benefits only the elites: World Bank Country Director for Pakistan

ANI - 28 December, 2023

World Bank Country Director for Pakistan, Najy Benhassine said that Pakistan's economic development is limited to the elite which resulted in the country lagging behind

News Reports

3 top Vivo executives, including interim CEO Hong Xuquan, arrested by Enforcement Directorate for money laundering

OpIndia Staff - 24 December, 2023

ED's probe unearthed that Vivo India had remitted nearly Rs 62476 crore to China, constituting almost 50% of its turnover, ostensibly to avoid taxes in India.

News Reports

This will be a game changer for the payments industry: Payments Council of India welcomes RBI allowing tokenisation of cards through banks

ANI - 22 December, 2023

The Payments Council of India (PCI), a representative body of the non-banking payment industry in India, welcomed the RBI's move to enable the issuing of tokens for cards via internet and commercial banks.

Economy and Finance

IMF commends India’s economic resilience and growth amid global challenges, projects 6.3% growth in 2023-24

ANI - 20 December, 2023

The current account deficit is anticipated to improve to 1.8 per cent of GDP in FY2023/24, supported by resilient services exports and lower oil import costs.

News Reports

Ashok Gehlot ruined Rajasthan’s economy, left a debt of Rs 5.37 lakh crore on the state, failed to boost GDP

अर्पित त्रिपाठी - 18 December, 2023

A report by the Reserve Bank of India shows that Rajasthan has a debt of Rs 5.37 lakh crore by the end of the financial year 2022-23. This debt was only Rs 2.81 lakh crore in 2018 when Ashok Gehlot took over the office.

News Reports

As politicians in Bihar bat for caste census, here is how caste politics took Bihar’s economy to the bottom

OpIndia Staff - 16 December, 2023

The recent resurgence of caste politics in Bihar raises concerns about Bihar's economic trajectory. Odisha's per capita GDP is thrice that of Bihar.

News Reports

India and Oman exploring Rupee trade between the two countries, utilising UPI stack in Oman’s digital economy: Foreign Secretary

ANI - 16 December, 2023

Foreign Secretary Vinay Kwatrasaid that discussions are underway between India and Oman on utilising UPI stack, and Rupee trade between the 2 countries

News Reports