Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

PMC Bank scam: Another PMC bank depositor dies of heart attack, second death within a day

OpIndia Staff -
Punjabi's death comes just a day after another depositor named Sanjay Gulati had died of a heart attack in Mumbai after being unable to withdraw his life savings of Rs 90 lakh from the bank. 
Opinions

Nobel to Abhijit Banerjee or not, read the NYAY offer document carefully

Abhishek Banerjee -
As soon as the news spread yesterday that Abhijit Banerjee had won the Nobel Prize, an army of trolls descended on an article about the ill-conceived NYAY scheme by Congress, which was led by Rahul Gandhi
News Reports

IRCTC shares to be listed on stock market on Monday, 14th October

OpIndia Staff -
The shares will be listed on both, the BSE (Bombay Stock Exchange) and the NSE (National Stock Exchange). 
Economy and Finance

Amazon, Flipkart festival sales generate Rs 19,000 crores In 6 days, expected to touch Rs 39,000 crore in October alone

OpIndia Staff -
The year-on-year (YoY) growth during the festive sale period was 30 per cent, with significant share coming from customers in tier II and III cities. 
News Reports

Zee MD Punit Goenka assures investors that the company aims to repay their outstanding debt in 3 months

OpIndia Staff -
Zee MD plans to repay all if its Rs 5000 crores loan in domestic market in the next 90 days
Economy and Finance

India has significantly enlarged global profile steered by decisive leadership, shown remarkable resilience amid global slowdown: WEF President Borge Brende

OpIndia Staff -
World Economic Forum president Borge Brende said that India can play a crucial role in the development
News Reports

Recovery in employment generation, 4 million jobs created in last one year: Reports CMIE, known for its proximity to P Chidambaram

OpIndia Staff -
CMIE says that there has been an increase in employment with more than 405 million employed during May-August 2019.
Opinions

As PMC bank depositors wait a long fight to get their money bank, the scam raises several questions on bank regulation

Guest Author -
80% of deposits of PMC bank are in FDs, so relaxing withdrawal limit does not help much
News Reports

PM Modi draws nation’s attention to the harmful effects of e-cigarettes in Mann ki Baat

OpIndia Staff -
PM Modi said that there is very little awareness of the harmful effects of e-cigarettes among the masses.
Economy and Finance

Invest in Pakistan if you have concerns about India’s economy: Rakesh Jhunjhunwala slams Ex-head of London Chamber of Commerce

OpIndia Staff -
Slamming Ex-head of London chamber of commerce, Rakesh Jhunjhunwala asked him to 'invest in Pakistan' if he has doubts about India’s economic growth.
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