Economy and Finance

News and views related to the Indian Economy and Financial sector

Government and Policy

Modi govt announces a Rs 1.70 lakh crore welfare scheme for poor during Coronarvirus lockdown: Here are the 12 announcements made

OpIndia Staff -
The package to benefit the poor and medical workers during the Coronavirus lockdown was called 'Prime Minister Gareeb Kalyan Yojana and totalled a whopping 1.70 lakh crores.
News Reports

Coronavirus Lockdown: Flipkart to resume delivery of food items and essential products, Big Basket to start operating in few cities

OpIndia Staff -
Big Basket listed as essential service in 10 cities and started delivering there, Flipkart resumes delivery of grocery during Lockdown
Economy and Finance

Sensex plunges during initial trading, trading halted in Nifty for 45 minutes after it hits lower circuit limit

OpIndia Staff -
The Sensex has plunged to 3090.62 points and is currently under 30,000 points at 29,687.52.
News Reports

RBI publishes scheme of reconstruction draft for Yes Bank, State Bank of India to pick up 49% stack at ₹10 per share

OpIndia Staff -
After placing Yes Bank under moratorium, RBI has published the draft for scheme of reconstruction for the bank
News Reports

RBI takes over management of Yes Bank and imposes restrictions on withdrawals: All you need to know about the latest crisis in banking sector

OpIndia Staff -
RBI imposes moratorium on Yes Bank for a month, caps withdrawals at ₹50,000 and suspends board
News Reports

As the coronavirus outbreak expands to more countries, it may have adverse effect on stock markets: Report

OpIndia Staff -
Experts feel that the impact of the coronavirus outbreak can potentially start a long-term global slowdown.
News Reports

Number of poor people in India falls from 27 crore in 2011 to 8.4 crore in 2017: New study reveals

OpIndia Staff -
The study claims that as per the Tendulkar poverty line it, poverty in India reduced from 14.9 % in 2011 to 7.0 % in 2017, the fastest decline in poverty the country has ever seen.
News Reports

Microsoft CEO Satya Nadella to visit India on February 24

OpIndia Staff -
Microsoft's Chief Executive Officer Satya Nadella is planning to visit India between the 24th of February and the 26th
Social Media Fact-Check

Did PM Modi actually claim only 2200 people declared income over 1 crore? Or some people just did not listen properly?

OpIndia Staff -
PM Modi mentioned that in a country of more than 130 crore people, only 1.5 crore people pay Income Tax. Even from the 1.5 crore people, the number of people announcing income of over 50 lakhs is just 3 lakhs.
News Reports

DHFL Scam: ED finds customised software used to create fake accounts for money laundering

OpIndia Staff -
The ED discovered a software system used d the DHFL to make fake accounts to siphon money.
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