Economy and Finance
News and views related to the Indian Economy and Financial sector
3 top Vivo executives, including interim CEO Hong Xuquan, arrested by Enforcement Directorate for money laundering
ED's probe unearthed that Vivo India had remitted nearly Rs 62476 crore to China, constituting almost 50% of its turnover, ostensibly to avoid taxes in India.
This will be a game changer for the payments industry: Payments Council of India welcomes RBI allowing tokenisation of cards through banks
ANI -
The Payments Council of India (PCI), a representative body of the non-banking payment industry in India, welcomed the RBI's move to enable the issuing of tokens for cards via internet and commercial banks.
IMF commends India’s economic resilience and growth amid global challenges, projects 6.3% growth in 2023-24
ANI -
The current account deficit is anticipated to improve to 1.8 per cent of GDP in FY2023/24, supported by resilient services exports and lower oil import costs.
Ashok Gehlot ruined Rajasthan’s economy, left a debt of Rs 5.37 lakh crore on the state, failed to boost GDP
A report by the Reserve Bank of India shows that Rajasthan has a debt of Rs 5.37 lakh crore by the end of the financial year 2022-23. This debt was only Rs 2.81 lakh crore in 2018 when Ashok Gehlot took over the office.
As politicians in Bihar bat for caste census, here is how caste politics took Bihar’s economy to the bottom
The recent resurgence of caste politics in Bihar raises concerns about Bihar's economic trajectory. Odisha's per capita GDP is thrice that of Bihar.
India and Oman exploring Rupee trade between the two countries, utilising UPI stack in Oman’s digital economy: Foreign Secretary
ANI -
Foreign Secretary Vinay Kwatrasaid that discussions are underway between India and Oman on utilising UPI stack, and Rupee trade between the 2 countries
While I.N.D.I.A. Bloc parties continue to attack Gautam Adani, JDU-RJD-ruled Bihar to receive Rs 8,700 crore investment from Adani Group
Adani Group announced at the Bihar Business Connect 2023 that it will invest Rs 8700 crore in Bihar in several sectors
Punjab CM Bhagwant Mann in panic mode as State has only four months left to utilise ₹8,000 crore out of ₹11,000 crore granted by...
Aam Aadmi Party (AAP) government in Punjab has only utilised ₹3000 crores out of ₹11000 crore worth of grants made by the centre this year
Indian Banks Association has submitted a proposal for 5-day work week with off on all Saturdays, confirms Finance Ministry in Parliament
Union Finance Ministry confirmed in Parliament that the Indian banking sector has formally proposed to declare all Saturdays as official bank holidays
Indian GDP grew by 7.6% during the July-September quarter, remains the fastest-growing major economy
ANI -
Indian GDP grew 7.6 per cent during the July-September quarter of the current financial year 2023-24, remaining the fastest-growing major economy.
