Economy and Finance

News and views related to the Indian Economy and Financial sector

Economy and Finance

World Bank says India to retain status as fastest growing economy, 7.5% growth predicted for 2019

OpIndia Staff -
India's GDP is expected to grow at a rate of 7.5% in the 2019-20 financial year.
Economy and Finance

Agriculture, Manufacturing and Industry to push GDP growth to 7.2% in 2018-19 as against 6.7% last year

OpIndia Staff -
The numbers suggest growth in agriculture, manufacturing and construction sector contributing massively to the GDP
Economy and Finance

Vijay Mallya declared fugitive economic offender, properties can now be confiscated

OpIndia Staff -
A special PMLA court today declared Vijay Mallya a fugitive economic offender under the FEO Act,2018.
Economy and Finance

Decline in gross NPA ratio of commercial banks, may decline further, says RBI in Financial Stability Report

OpIndia Staff -
RBI governor Shaktikanta Das has added that stress test results further indicate an improvement in NPA ratio but its current level remains still high for comfort.
Economy and Finance

59-minute loan approval scheme has approved loans of 1.12 lakh MSME applicants in less than 2 months

OpIndia Staff -
Bank of Baroda and Union Bank of India are leading among the banks with loans sanctioned by them amounting to 43% of the total amount sanctioned.
Economy and Finance

More than 1 lakh companies removed from the Registrar of Companies for not doing any business for two years

OpIndia Staff -
Companies without any business for two years are deleted from the register of companies
Economy and Finance

A comprehensive farm relief plan by the centre likely soon: Reports

OpIndia Staff -
PM Modi, Amit Shah, Arun Jaitley and Agriculture Minister Radha Mohan Singh met to outline a broad plan to tackle the growing agrarian distress.
Economy and Finance

Measures adopted by the Modi government paying off, the recovery against NPAs has doubled for public sector banks

OpIndia Staff -
As revealed under the Asset Quality Review (AQR), the NPAs have been piling up since 2008, during the tenure of the UPA government.
Economy and Finance

We only outrage, we never celebrate

S. Sudhir Kumar -
Positivity has no place in public discourse in today's India
Economy and Finance

In a year when markets have sunk across the world, Modi’s India shines, tops China in corporate deals

Abhishek Banerjee -
This is the story that they will not tell you. In a year when markets have sunk across the world, India, under Prime Minister Modi, shines
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