Economy and Finance

News and views related to the Indian Economy and Financial sector

Economy and Finance

RBI refutes Bloomberg report claiming sale of gold worth $12 billion, clarifies its gold holding remains steady at 880.52 metric tonnes

OpIndia Staff -
The Reserve Bank of India (RBI) today firmly denied media reports suggesting it had sold gold reserves, stating that its physical gold holdings remain...
Economy and Finance

India-US trade talks to begin in Delhi as both sides push to finalise interim trade pact amid changing US tariff policies

OpIndia Staff -
Following the ruling, the US administration announced a flat 10% tariff on all countries for 150 days starting from 24th February. Due to these policy changes, a scheduled meeting between Indian and US negotiators in February was postponed.
Economy and Finance

RBI considering a ‘Kill Switch’ to prevent financial fraud: Read how the mechanism to block banking transactions will work

OpIndia Staff -
To combat rising digital scams like "digital arrests," the RBI is exploring a "Kill Switch" feature.
Economy and Finance

Melody hai chocolaty: After viral Modi-Meloni video, Commerce Minister Piyush Goyal shares how India’s toffee exports have grown over the years

OpIndia Staff -
Following a viral video where Italian PM Giorgia Meloni thanked PM Modi for gifting her 'Melody' toffees, Commerce Minister Piyush Goyal highlighted India’s confectionery success, noting a 166% surge in toffee exports to ₹132 crore over the last 12 years.
Economy and Finance

PM Modi’s Netherlands visit: Tata Electronics signs MoU with ASML, the only manufacturer of lithography machines used to make the most advanced semiconductors

OpIndia Staff -
In a significant development during Prime Minister Narendra Modi's ongoing visit to the Netherlands, Tata Electronics and Dutch semiconductor equipment giant ASML signed a...
News Reports

As Congress attacks Modi govt for fuel prices, read how UPA-era policies would be disastrous during current global conflict: From deferred oil bond liabilities...

Raju Das -
Between 2005 and 2010, the UPA government issued special oil bonds worth approximately ₹1.48 lakh crore to the oil marketing companies to fund fuel subsidies
News Reports

Coal gasification scheme cleared by cabinet: Read what it is and how India’s vast coal reserves will be used to boost energy independence

Rukma Rathore -
PM Modi stated, "It will add strength to our efforts to strengthen the tech and innovation system as well."
Economy and Finance

Afghanistan’s Taliban government signs $46 million deal with India’s TCRC Group to modernise the country’s trade and quality control laboratories

OpIndia Staff -
The project will also include upgrading existing laboratories, installing modern testing equipment and calibration systems, and providing technical training for Afghan staff.
Economy and Finance

PM Modi calls for year-long “Civic Satyagraha” to shield India from global uncertainty, urges to save foreign exchange by reducing fuel use, gold purchase,...

OpIndia Staff -
Prime Minister Narendra Modi today appealed to the nation to embrace a year-long "civic Satyagraha" for economic self-reliance amid global turmoil triggered by the...
Economy and Finance

Madhya Pradesh: Foundation stone laid for new cement grinding plant by Adani Cement in Guna with over ₹1,060 crore investment

OpIndia Staff -
Union Minister Jyotiraditya Scindia and Madhya Pradesh Chief Minister Dr. Mohan Yadav today laid the foundation stone for Adani Cement's new grinding unit in...
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