Economy and Finance

News and views related to the Indian Economy and Financial sector

Economy and Finance

India to account for 18% of global growth by 2028, says IMF; Here’s how India has economically grown stronger after 2014

Siddhi Somani -
IMF said that India’s GDP is projected to grow by 6.3 per cent in the current fiscal year, up by 20 basis points from it’s last forecast in July
News Reports

Justin Trudeau ‘puts aside’ one lie to peddle another, now says India violated Vienna convention by asking diplomats to leave: How he is wrong,...

OpIndia Staff -
Canadian Prime Minister Justin Trudeau remarked that India's move to revoke the diplomatic immunity of 41 Canadian diplomats constitutes a breach of the Vienna Convention.
News Reports

Pixel smartphones will be made in India soon, announces Google at ‘Google for India 2023’ event

ANI -
Alphabet Inc will manufacture its Pixel smartphones in India, the company announced on Thursday at the 'Google for India 2023'
News Reports

ISIS mouthpiece calls for donations in Monero (XMR): Here is how ISIS funds terrorist activities using cryptocurrency and what FM Sitharaman said about it

Anurag -
ISIS-backed magazine called for fundraising via privacy cryptocurrency Monero.
News Reports

Reserve Bank of India extends deadline for depositing Rs 2000 notes to October 7; reiterates that it would continue to remain a legal tender

OpIndia Staff -
Banks will stop accepting Rs 2,000 notes for deposit or exchange from October 8. However, RBI specified options that people could avail for depositing or exchanging Rs 2000 notes from October 8
News Reports

Kerala: KTDFC unable to pay back Kolkata-based Ramakrishna Mission’s fixed deposit worth Rs 130 crores, RBI to cancel license

OpIndia Staff -
KTDFC contends that the prevailing predicament stems from KSRTC's (Kerala State Road Transport Corporation) inability to repay a loan of Rs 360 crore, which has since ballooned to Rs 900 crore, inclusive of accrued interest.
News Reports

DGGI issues GST notices totalling Rs 55,000 crore to gaming companies, Ashneer Grover urges govt to withdraw them saying ‘Na koi tax dega, na sarkar ko...

OpIndia Staff -
The notices were delivered following the GST Council's decision to apply 28% GST on the whole face value of bets instead of gross gaming value
News Reports

Bhoomi Pujan for India’s first semiconductor plant conducted in Gujarat’s Sanand, Tata Projects to build the Micron plant, first chip to come out by...

OpIndia Staff -
Bhoomi Pujan (groundbreaking ceremony) for India's first semiconductor plant by Micron took place in Gujarat's Sanand on 23 September
News Reports

JP Morgan includes India in its global bond index, ‘FAR’ programme of the Modi govt facilitated the inclusion

OpIndia Staff -
Following the announcement of JP Morgan, it is now expected that India will be included in the global bond index of other banks as well.
News Reports

‘To save thousands of British jobs’: UK PM Rishi Sunak after Tata Steel and UK govt announce mega £1.25 billion investment deal

OpIndia Staff -
Tata Steel and the U.K. Government has agreed to invest 1.25 billion pounds in Electric Arc Furnace steelmaking plant at Port Talbot
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