Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

A week after Rajiv Bajaj blamed Modi govt for ‘economic slow-down’, Bajaj Auto records highest-ever monthly sale

OpIndia Staff -
Contrary to claims made by Rajiv Bajaj, his company has made record sales in October 2020 amid the Chinese coronavirus pandemic.
News Reports

After Rajiv Bajaj said there is slowdown in the two-wheeler market, Hero MotoCorp achieves record sale in October

OpIndia Staff -
Rajiv Bajaj had said that two-wheeler sales will remain in the current fiscal year due to new regulations and "draconian lockdown"
News Reports

Amazon-Reliance tussle: Reliance Retail to complete its deal with Future Group without any delay

OpIndia Staff -
Amazon had secured a temporary stay by a Singapore-based arbitration court on Future Group's Rs 24,713 crore deal with Reliance Retail.
News Reports

Finance ministry issues guidelines for interest waiver scheme during the lockdown period- Read details

OpIndia Staff -
The govt will pay the difference between simple and compound interest from March to August under compound interest waiver scheme
News Reports

#IndiaKeLiye: Micromax shows the way, launches ad that tugs on the heartstrings of the nation after aggression by China

OpIndia Staff -
From 22% share in Indian smartphone market, Micromax was reduced to being a small player by Chinese mobile phone companies
Economy and Finance

Those who brought us Kerala model of health have now come up with Bangladesh model of economy: How they are wrong, so, so wrong

Abhishek Banerjee -
Doesn’t it also predict that India will see a GDP growth of 8.8% next year, making us the world’s fastest growing economy and India will easily pull ahead of Bangladesh in per capita GDP next year?
News Reports

IMF projects a contraction of 10.3% this year and a growth rate of 8.8% for the Indian economy in 2021

OpIndia Staff -
Noting the severe effects of lockdown on Indian economy, the World Bank said that India needed to continue with critical reforms to reverse the sudden effects of the pandemic.
Government and Policy

Rs 10,000 special festival advance for govt employees, Interest-free 50-year loans to states: FM Nirmala Sitharaman

OpIndia Staff -
Finance Minister Nirmala Sitharaman said that the Centre will provide Rs 10,000 special festival advance to its employees to stimulate demand in the economy.
News Reports

Congress screams ‘scam’ in Iron Ore Pellet export based on policies introduced during Congress government: Read details

OpIndia Staff -
Export duty on Iron Ore Pellet was reduced to zero by UPA govt in 2011, not in 2014 as alleged by congress party
OpIndia Explains

Joseph Stiglitz, the economist that Rahul Gandhi praised for attacking Modi, is known for his questionable policies and wrong predictions

OpIndia Staff -
Joseph Stiglitz had praised the economic policies of Venezuelan govt, said subprime crisis will not happen
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