Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

Union government brings cooperative banks under RBI control through an ordinance

OpIndia Staff -
The cabinet on Wednesday passed an ordinance to extend the Reserve Bank of India's supervision over the cooperative banks
Government and Policy

Union govt makes it mandatory for sellers to mention of ‘Country of Origin’ of products in Government e-Marketplace

OpIndia Staff -
The platform has also enabled a provision for indicating the percentage of local content in products in order to promote local goods.
News Reports

PM Modi launches auction of 41 coal mines for commercial mining, says it will bring jobs and development to tribal belt in central and...

OpIndia Staff -
In the auction process, 41 coal mines are on offer which includes fully explored and partially explored mines.
News Reports

Samsung and OnePlus to manufacture their TVs in India

OpIndia Staff -
Currently, Samsung and OnePlus import televisions from Vietnam and China respectively for Indian markets.
News Reports

Making sense of the tax on parota vs roti debate: Read what the GST authority’s ruling exactly says

OpIndia Staff -
The tax order saying parotas are not rotis is applicable only for packaged parotas, and not for regular parota available at restaurants
News Reports

GST authority rules that packaged parotas are not rotis and they will attract 18% tax

OpIndia Staff -
GST authority says Patoras are not completely cooked before packing and consumer has to heat it, therefore they are not same as rotis & will be taxed 18%
Opinions

Economic policy to alleviate the immediate effects of Covid-19 on the Indian Economy needs to be tactical to stabilize society

Guest Author -
As preparations are made to restart economy after effects of lockdown, stimulating demand side of economy is need of the hour
News Reports

Indian economy will witness a growth of 9.5 percent in the next financial year: Fitch Ratings

OpIndia Staff -
Fitch Ratings stated that if India's Financial sector does not go down by 2021-22 then it will witness a growth of 9.5 percent.
News Reports

Ease of lockdown restrictions shows signs of economic recovery, e-commerce sales almost return to pre-lockdown levels

OpIndia Staff -
An increase in sales have been reported by various sectors of the economy following the easing of Lockdown restrictions by the govt
News Reports

I have confidence in India’s growth story, want to make private sector our partner for growth: Prime Minister Narendra Modi at CII annual event

OpIndia Staff -
PM Modi said he has confidence in India’s growth story and he was sure that Indian economy will revive on the back of entrepreneurs, frontline warriors and industrialists.
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