Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

Growth in imports from China slows down during Modi govt while India’s trade with other countries increase at a much higher rate

OpIndia Staff - 15 January, 2022

The growth rate for India’s trade with China is even less than the growth rate of India’s total international trade, which increased by 50%

Opinions

‘Apple can’t leave China’ is a myth that has already been broken by India

Gopal Tiwari - 10 January, 2022

Doug Guthrie, in his recent podcast, claimed that Apple can't leave China, belittling the tech giant's growth in India, Vietnam

News Reports

Deposits in Jan Dhan Yojana bank accounts surpass the Rs 1.5 trillion mark, was at Rs 1 trillion in August 2019

OpIndia Staff - 10 January, 2022

Deposits in Jan Dhan accounts, which was introduced roughly seven and a half years ago, have surpassed Rs 1.5 lakh crore

News Reports

Raids by DRI find that Indian subsidiary of Chinese phone maker Xiaomi evaded Rs 653 crore in customs duty, notices served for recovery

OpIndia Staff - 5 January, 2022

Xiaomi India evaded customs duty by not including the royalty and license fee paid to Qualcomm and parent company in assessable value

News Reports

Government urges tech giant Apple to expand manufacturing in India to make products worth $50 billion in a year

OpIndia Staff - 1 January, 2022

Senior govt officials and minister met top Apple executives to discuss expansion of manufacturing of Apple products in India

News Reports

Reserve Bank of India steps in, says RBL Bank health status ‘stable’ after shares tank 25% following central bank’s action over weekend

OpIndia Staff - 27 December, 2021

The unanticipated RBI action followed by the tanking of the share price of RBL Bank pushed the panic button amongst investors and customers of the private sector lender.

Economy and Finance

RBL Bank shares hit 52-week-low after RBI action: Here is what happened

OpIndia Staff - 27 December, 2021

The share price fell after a series of developments over the weekend where the Reserve Bank of India (RBI) sent a nominee to bank's board a day after the sudden departure of Vishwavir Ahuja as the bank's CEO.

News Reports