Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

Indian business tycoon Mukesh Ambani becomes the world’s fifth-richest man according to Forbes Real-Time Billionaires list

OpIndia Staff -
Mukesh Ambani had recently declared that his company Reliance Industries had become a net debt-free company
News Reports

With Apple’s plans to exit China, its Taiwanese supplier Foxconn to invest $1 billion in India in iPhone manufacturing unit

OpIndia Staff -
Foxconn to expand its iPhone produciton unit in Tamil Nadu with $1 billion investment to make more models as Apple moves out of China
News Reports

Gujarat: Man who had impersonated as a govt employee and hurled shoe at minister appointed as vice president of state unit by AAP

OpIndia Staff -
Gopal Italia, who has several criminal cases against him, appointed as vice president of AAP in Gujarat after he joined the party recently
News Reports

US Secretary of State lists Jio as a “Clean Telco” for not using Chinese tech, something Mukesh Ambani had told Trump in February

OpIndia Staff -
Mike Pompeo said that tide is turning toward trusted 5G vendors and away from Huawei as Clean Telcos like Jio not using Chinese Tech
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%
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