Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

‘Gareebi mein aata geela’ situation for Pakistan: With the country struggling to feed its people amid flour shortage, it now stares at loan default

Rukma Rathore -
Pakistan has to repay $500 million debt to a Chinese bank within 48 hours to avoid defaulting on the loan, and it has no money
News Reports

Rahul Kanwal steps on Raghuram Rajan’s tail as he tries to criticise Modi govt’s economic policies: Read how the former RBI governor is wrong

Raju Das -
Raghuram Rajan attacks Modi govt's productivity linked incentive scheme, but he is grossly wrong in his claims
Economy and Finance

Bottom 50% of Indians pay 64% of GST: Oxfam India’s claims about ‘disproportionate’ taxing of poor is ‘mathematically impossible’. Here is why

OpIndia Staff -
Taking the bottom 50% of the population as 70 crores, Diva Jain calculated the monthly income of the cohort using the data provided by Oxfam India.
News Reports

Alibaba sells over half of its stake in Paytm after selling shares in BigBasket and Zomato, rumoured to be exiting India

ANI -
Alibaba sold about 3.1% in Paytm of its total equity of about 6% in a block deal, seems to be making an exit from India
News Reports

Mamaearth co-founder Ghazal Alagh refutes charges that the company’s IPO is overvalued, says DRHP doesn’t mention valuation

OpIndia Staff -
Mamaearth co-counder Ghazal Alagh said that valuation figure of company's IPO is purely speculative and the company has not released any valuation
News Reports

GST collection in December 2022 goes up by 15% to reach almost 1.5 lakh crore

OpIndia Staff -
Gross GST revenue collected during December 2022 reached ₹1,49,507 crore, going up by 15% compared to December 2021
News Reports

AAP’s free power scheme in Punjab hits govt pockets, state govt’s power subsidy bills to be nearly Rs 23,000 crore this fiscal

OpIndia Staff -
Punjab govt is expected to pay a whopping amount of Rs 22,962 crore in electricity subsidies to various categories
Economy and Finance

World Bank raises India’s GDP growth prediction for 2022-23 to 6.9%, up from 6.5% predicted earlier

OpIndia Staff -
The World Bank has raised India's GDP growth prediction due to the country's strong economic performance.
News Reports

Over ₹1.45 lakh crore collected as gross GST in November 2022, surges 11% year-on-year basis

OpIndia Staff -
In the month of November 2022, the gross GST revenue collected is ₹1,45,867 crore
News Reports

‘Have courage when govt is doing right too’: Gautam Adani hints at NDTV’s bias, answers opposition allegations of him benefitting from Modi govt

OpIndia Staff -
Gautam Adani stated that the takeover of NDTV is not a business opportunity but rather a responsibility.
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