Economy and Finance

News and views related to the Indian Economy and Financial sector

Economy and Finance

GST collection crosses Rs 1 lakh crore in December with 16 percent annual growth, second month in a row

OpIndia Staff -
According to the press release, Arunachal Pradesh showed the highest rate of growth of gross GST in December at 124%, while GST collection in Lakshadweep fell by 78% and in Jharkhand by 3%.
Economy and Finance

Gross NPA declines for the first time in seven years, thanks to Insolvency and Bankruptcy Code, says RBI report

OpIndia Staff -
The RBI report stated that there was a decline in both gross NPA and in the net NPA ratios.
Government and Policy

Tech-giant Google recognises success of India’s UPI, recommends US Federal Reserve to implement similar model

OpIndia Staff -
Tech-giant Google has recommended that the US Federal Reserve implement a real-time payments platform similar to India's UPI.
Government and Policy

Implementation of 7th Pay Commission increased costs for Indian Railways, explains Union Minister Piyush Goyal

OpIndia Staff -
The CAG report on Railway Finances tabled in the Parliament on Monday raised questions on the operations of the Indian Railways.
News Reports

Indian diaspora abroad sent USD 78.6 billion in remittances home, highest in the world: Reports

OpIndia Staff -
Next to India, China received $67.41 billion, which is 9.8% of the global remittance figure. Mexico stands in third place with $35.7 billion, an increase in nearly 36 per cent in the last four years. 
Economy and Finance

Economic growth may have slowed down but there is no recession, there never will be: FM Nirmala Sitharaman

OpIndia Staff -
FM Nirmala Sitharaman was speaking at the Short Duration Discussion on Indian economy in the Rajya Sabha
Economy and Finance

As US-China trade war intensifies, India plans incentives for 324 companies including Tesla to invest in India

OpIndia Staff -
The proposal is expected to reduce red tape and set the country on its way to achieving a $5 trillion economy.
News Reports

3 years of Demonetisation: Here are 10 most important goals it managed to achieve

OpIndia Staff -
It has been three years since PM Modi stunned the nation with a bold move - Demonetisation.
News Reports

Finance Minister Nirmala Sitharaman announces ₹25,000 crore alternate investment fund to revive stalled housing projects

OpIndia Staff -
Cabinet approves a "Special Window" to provide priority debt for completing stalled housing projects
News Reports

Inputs from RSS and farmers association stopped Modi govt from being a part of RCEP, world’s largest free trade agreement

OpIndia Staff -
On Monday, India announced that it will not be part of the Regional Comprehensive Economic Partnership or RCEP, which will be the world's largest free trade pact of 16 nations.
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