Economy and Finance

News and views related to the Indian Economy and Financial sector

Opinions

Two years of GST: The GST Council Miracle and how Modi sarkar became the first to survive GST

Abhishek Banerjee -
The fact that people stuck by Modi is a historic masterclass in leadership.
News Reports

ED summons Congress minister in Halal investment group scam, attaches IMA property worth over Rs 200 crores

OpIndia Staff -
ED summons sitting Congress minister in Karnataka Zameer Ahmed Khan over alleged involvement in the IMA Group's ponzi scam.
Economy and Finance

RBI Deputy Governor Viral Acharya resigns, six months prior to scheduled end of term

OpIndia Staff -
Acharya reportedly had a difference of opinion with Reserve Bank Governor Shaktikanta Das over easing of interest rates to boost economic growth.
News Reports

GST Council approves single return from next year, cuts rate on electric vehicles and chargers

OpIndia Staff -
The GST council extended deadline for return filing by 2 months, and approved simplified Aadhaar based registration
News Reports

Economic Advisory Council slams Arvind Subramanian, says his criticism of GDP estimation methodology ‘lacks rigor’

OpIndia Staff -
The Economic Advisory Council to the Prime Minister (EAC-PM) has released a detailed analysis of India’s new GDP estimation methodology.
News Reports

Commerce and Industry minister Piyush Goyal urges China to clamp down on unfair trade practices by Chinese exporters

OpIndia Staff -
Piyush Goyal asked China to stop unfair trade practices, and increase import of Indian services to correct trade balance
Economy and Finance

GDP calculation system revised in line with international standards: govt clarifies Arvind Subramanian’s allegations of overstating growth numbers

OpIndia Staff -
Govt says GDP numbers calculated as System of National Accounts 2008 (2008 SNA) adopted by United Nations Statistical Commission
Economy and Finance

RBI cuts repo rates for third time in a year; alters policy stand to ‘accommodative’

OpIndia Staff -
The RBI has delivered a rate cut of 25 bps, making it three consecutive rate cuts in a year
Economy and Finance

World Bank retains forecast of 7.5% growth in FY19-20 for the Indian economy

OpIndia Staff -
The World Bank has projected that the Indian economy will grow at a rate of 7.5 per cent for the next 3 fiscal years.
Economy and Finance

The debate around PLFS is back and here are the issues that the politicised controversy fails to consider

Karan -
The Periodic Labour Force Survey (PLFS) is officially out, and with it, the controversy on job growth over the last 5 years has resurfaced.
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