Economy and Finance

News and views related to the Indian Economy and Financial sector

Economy and Finance

RBI cancels banking licence of Paytm Payments Bank: Read why the decision was taken and what it means for users

Shriti Sagar - 25 April, 2026

The RBI further said that the management’s conduct was “prejudicial to the interest of the depositors,” which is a serious concern for any financial institution.

Economy and Finance

Reserve Bank of India cancels banking licence of Paytm Payments Bank Limited, says the bank is not complying with the law

OpIndia Staff - 24 April, 2026

The Reserve Bank of India (RBI) today cancelled the banking licence of Paytm Payments Bank Limited (PPBL) with immediate effect, marking the end of...

Economy and Finance

‘Mischievous and misleading’: Govt dismisses reports claiming sharp rise in petrol and diesel prices after assembly election results

OpIndia Staff - 23 April, 2026

The Centre refuted price hike rumours and said such reports create panic. It cited market projections and crude price rise as triggers. Earlier the government had said that refineries are running at full capacity with sufficient fuel stock.

Economy and Finance

India’s seafood exports hit an all-time high of over ₹72,300 crore, shipping to EU, China and Southeast Asia jumps amid fall in export to...

OpIndia Staff - 22 April, 2026

India’s marine products exports achieved a new all-time high in the financial year 2025-26, crossing ₹72,325.82 crore (approximately US$ 8.28 billion), according to provisional...

News Reports

From industrial powerhouse to debt trap: Read how West Bengal’s economy has seen a massive decline under the TMC government since 2011

Shriti Sagar - 19 April, 2026

Its share of national GDP has fallen from 10.5% in 1960–61 to just 5.6% in 2023–24.

Economy and Finance

SEBI and DoT sign MoU on framework for data sharing to strengthen fight against telecom-linked financial frauds

OpIndia Staff - 15 April, 2026

In a significant step to safeguard India’s financial ecosystem, the Department of Telecommunications (DoT) and the Securities and Exchange Board of India (SEBI) have...

Economy and Finance

Cabinet approves enhancement of project cost for HPCL’s new refinery in Rajasthan to ₹79,459 crore amid Middle East crisis, Jaipur Metro Phase-2 approved

OpIndia Staff - 8 April, 2026

The Union Cabinet, chaired by Prime Minister Narendra Modi, gave its approval to two significant infrastructure projects in Rajasthan, aimed at enhancing energy security,...

Economy and Finance

Uttar Pradesh: Cabinet approves historic honorarium hike for Shiksha Mitra and part-time instructors; Read details

OpIndia Staff - 7 April, 2026

The decision benefits 1,42,929 Shiksha Mitra and 24,717 instructors. Government estimates additional burden exceeding Rs 1,475.27 crore. Honorarium payable for 11 months yearly, with Centre share proposal under Samagra Shiksha Abhiyan also planned by state.

News Reports