Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

IMF chief Kristalina Georgieva says slowdown in Indian economy is temporary, expects better growth in 2020

OpIndia Staff -
IMF chief Kristalina Georgieva on Friday said at the WEF that economic slowdown in India appears to be temporary
News Reports

Fugitive Businessman Nirav Modi’s luxury assets and paintings to be auctioned by ED through Mumbai-based auction house

OpIndia Staff -
Nirav Modi's luxury assets to be auctioned by ED through Mumbai-based auction house Saffronart
Economy and Finance

India registers 16 per cent growth in FDI investments to $49 billion in 2019: UN Report

OpIndia Staff -
India attracted $49 billion FDI inflows in 2019, 16 per cent up from the $42 billion in 2018
Economy and Finance

Over 19.6 lakhs new jobs added in ESIC payroll data in November 2019, highest net addition this financial year

OpIndia Staff -
According to ESIC payroll data, over 19.6 new jobs have been added in November 2019 alone
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
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