Economy and Finance

News and views related to the Indian Economy and Financial sector

Economy and Finance

Cabinet approves enhancement of project cost for HPCL’s new refinery in Rajasthan to ₹79,459 crore amid Middle East crisis, Jaipur Metro Phase-2 approved

OpIndia Staff -
The Union Cabinet, chaired by Prime Minister Narendra Modi, gave its approval to two significant infrastructure projects in Rajasthan, aimed at enhancing energy security,...
Economy and Finance

Uttar Pradesh: Cabinet approves historic honorarium hike for Shiksha Mitra and part-time instructors; Read details

OpIndia Staff -
The decision benefits 1,42,929 Shiksha Mitra and 24,717 instructors. Government estimates additional burden exceeding Rs 1,475.27 crore. Honorarium payable for 11 months yearly, with Centre share proposal under Samagra Shiksha Abhiyan also planned by state.
News Reports

Gujarat CM Bhupendra Patel says GIFT City is now a fully operational financial hub, here is how it emerged as a vibrant reality driving...

OpIndia Staff -
Gujarat CM Bhupendra Patel said that GIFT City has evolved from an initial concept into a fully operational international financial hub
Economy and Finance

Indians do not need to worry about rising fuel prices just yet: Read about this step by Modi govt, where govt will absorb the...

OpIndia Staff -
The Indian government has slashed the Special Additional Excise Duty on fuels, bringing petrol taxes to zero.
News Reports

Are Trump’s sudden announcements of escalation and ceasefire with Iran linked to US stock market manipulation? Read what we know

Anurag -
Large trades in oil and S and P 500 futures, executed just before Trump’s announcement, coincided with sharp market moves and estimated profits within minutes, as Iran rejected claims of talks and called the narrative misleading.
News Reports

War, pandemic or disaster: How supply shocks lead to hoarding, black marketing and inflation across the world

Shriti Sagar -
This crisis has resulted in the release of oil from the International Energy Agency’s emergency oil reserves.
Economy and Finance

Iranian strikes have wiped out 17% of Qatar’s LNG capacity for 5 years, to cause annual loss of $20 billion, says QatarEnergy CEO, force...

OpIndia Staff -
Iranian strikes on Qatar’s energy infrastructure have knocked out two LNG production trains and one gas-to-liquids facility at the Ras Laffan hub, destroying 12.8...
Economy and Finance

From Pakistan to Vietnam: How the Strait of Hormuz crisis is triggering an energy shock across Asia

Dhruv Mishra -
The Strait of Hormuz is one of the most strategically important energy chokepoints in the world. It is Located between Iran and Oman. T
News Reports

LPG, LNG, and the host of other oil products that run the world: Read the differences and how India acquires them

Raju Das -
Natural Gas is compressed by cooling it to 161°C, at which temperature it becomes liquid and called Liquefied Natural Gas. LPG or Liquefied Petroleum Gas is one of the products derived from both crude oil and natural gas.
Economy and Finance

Massive fire at joint India-Israel drone manufacturing facility in Uttam Nagar? Pakistani bots peddle fake news

OpIndia Staff -
On the midnight of 11th and 12th March, a fire erupted at a fish market or Machhli Mandi in Matiala, near Uttam Nagar in Delhi. The fire engulfed several shops and slum dwellings in a densely populated area. Reports say that more than 30 fire tenders have been deployed to douse the fire. Prima facie, the cause of the fire is said to be a short circuit.
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