Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

RBI to transfer surplus of Rs 1.76 lakh crore to the government as per Bimal Jalan Committee recommendation

OpIndia Staff -
RBI found that it has more capital than required, and decided to transfer the excess amount to the government
News Reports

Read all the big announcements made by Finance Minister Nirmala Sitharaman to boost the economy

OpIndia Staff -
Union Finance Minister Nirmala Sitharaman announced widespread reforms in order to address economic concerns.
News Reports

P Chidambaram summoned by ED in UPA-era aviation scam case

OpIndia Staff -
Earlier former aviation minister Praful Patel was summoned by the Enforcement Directorate in the aviation scam case.
Economy and Finance

ED summons MNS chief Raj Thackeray in Kohinoor CTNL case

OpIndia Staff -
The Kohinoor building project dealings had come under the scanner during the IL and FS scam case investigation
News Reports

High Level Committee recommends CSR expenditure to be made tax deductible, non-compliance to be made civil offence with no imprisonment

OpIndia Staff -
High Level Committee on CSR recommends non-compliance should attract only penalty, not jail term
Economy and Finance

The skewed analysis must stop: We need to stop looking at just the repo rates and talk about real rates instead

Karan -
A recent article by a commentator in Hindustan Times mentions that the MPC had little ability to stimulate growth
News Reports

Mukesh Ambani announces India’s biggest FDI deal, free HD LED TV and 4K set-top boxes for Jio Fibre subscribers

OpIndia Staff -
Saudi Armco will buy 20% stack in the oil-to-chemical business of Reliance Industries at $15 billion
News Reports

Government extends relief to startups, simplifies the process of angel tax assessment

OpIndia Staff -
The Central Board of Direct Taxes (CBDT) has clarified that no verification will be done by an assessing officer if a startup has been recognised by the Department for Promotion of Industry and Internal Trade.
News Reports

After abrogation of Article 370, CII President Uday Kotak proposes ten-point agenda to fuel growth in newly formed union territories

OpIndia Staff -
Businesses such as ITC group, helmet-maker Steelbird have expressed their desire to expand into the state.
Economy and Finance

Data reveals Cafe Coffee Day owner VG Siddhartha may have been under debt of up to Rs 11,000 crore: Report

OpIndia Staff -
After 36-hours of an intense search for the Cafe Coffee Day owner VG Siddhartha, his body was finally found in the backwaters of the Nethravati river at Hoige Bazaar, Mangaluru on July 31.
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