Economy and Finance

News and views related to the Indian Economy and Financial sector

Economy and Finance

Union Cabinet approves ₹76,000 crore incentive scheme for development of semiconductor and display manufacturing industries

OpIndia Staff -
Union cabinet approves incentive scheme to make India a global hub for electronics manufacturing including semiconductor and display industry
News Reports

After Visa complained to US govt about Indian govt promoting RuPay, Modi govt announces incentive scheme for RuPay and BHIM-UPI

OpIndia Staff -
Union govt will spend around ₹1300 crore in the current financial year to incentivize RuPay and BHIM-UPI payments in the country
Economy and Finance

As Gautam Adani meets Mamata Banerjee for ‘investment potential’ in Bengal, here’s a reminder of Tata’s fate, ‘Adani-Ambani’ jibe and Gujarati hate

Nirwa Mehta -
Businessman Gautam Adani today met West Bengal CM Mamata Banerjee in Kolkata to discuss investment opportunities in the state
News Reports

ED summons Amazon India head to probe alleged irregularities in Amazon – Future Coupons deal

OpIndia Staff -
ED has summoned Amazon's India head Amit Agarwal and promoters of Future Coupons Pvt Ltd for questioning over their 2019 deal
World

Turkey descends into chaos: Protests, 20% inflation, and a plea to ‘eat less meat’ to tackle soaring prices

OpIndia Staff -
Turkey has descended into chaos with soaring prices, 20% inflation and protests against the flailing economy.
News Reports

After a sharp rise, tomato prices to come down soon, here is why

OpIndia Staff -
With increase in harvest, tomato availability will go up and will result in a drop in prices by December, according to Agriculture ministry
Economy and Finance

Cryptocurrency and India: Busting the myths and conspiracy theories as Govt tables the Bill in winter session

Santanu Chakraborty -
India's plans to introduce digital currency is a force multiplier and will lead to regulated cryptocurrency markets
News Reports

Govt to table bill on cryptocurrency, speculations over ban on ‘private cryptocurrencies’ cause dip in the market

OpIndia Staff -
GoI to introduce bill on cryptocurrency in winter session of the parliament.
Economy and Finance

Reliance re-evaluates $15 billion deal with Saudi Aramco as it moves towards a hydrogen economy: Details

OpIndia Staff -
Reliance Industries Ltd (RIL) and Saudi Aramco have mutually decided to re-evaluate the investment deal involving the O2C (Oil to Chemicals)
Economy and Finance

PayTM shares crash after listing on a discount in India’s biggest ever public offering

OpIndia Staff -
Brokerage firm Macquaire Research has written a note to its clients that PayTM's business model lacks 'focus and direction' and initiated coverage with an 'underperform rating'.
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