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Economy

Government and Policy

Singapore declares lockdown: Here is why the Wuhan Coronavirus is so deadly and why it is not ‘just the flu’

K Bhattacharjee -
Singapore Prime Minister Lee Hsien Loong declared a near-total lockdown of the country on Friday to curb the spread of the Wuhan Coronavirus.
Government and Policy

Banks allowed to defer EMIs by 3 months, cut in repo rate, liquidity injection of Rs 3.74 lakh crores: Highlights of the RBI Governor’s...

OpIndia Staff -
The most important notification put out by the RBI on Friday was that a three-month moratorium has been announced on payment of instalments of loans outstanding on March 1, 2020.
Social Media

Netizens, Co-passengers impressed as Tripura CM Biplab Deb seen flying economy class with family

OpIndia Staff -
According to the Twitter user, the Tripura CM and his wife were seated in the 18th row of the economy class of an Indigo flight.
News Reports

India’s manufacturing sector growth in January rises to an 8-year high, economic recovery in coming months expected

OpIndia Staff -
Analysts claim that If this growth rate in the manufacturing activity sustains, the improvement in business conditions could lead to a gradual economic recovery
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.
News Reports

Piyush Goyal slams Sonia Gandhi over her remarks on RCEP and FTAs, reminds her of UPA’s record on the issue

OpIndia Staff -
Union Minister for Railways and Commerce & Industry Piyush Goyal came down heavily upon Congress President Sonia Gandhi.
Fact-Check

Government clarifies that there is no ‘Gold Amnesty Scheme’ after media publishes misleading reports

OpIndia Staff -
 Media houses had reported earlier today that the government may soon announce a 'gold amnesty scheme' which will fix a holding limit for gold and will tax Indians over a certain amount of gold.
Satire

Pearls of wisdom by Shekhar Gupta’s The Print: After the ‘biscuit crisis’, prepare yourself for the great Indian ‘chaddi crisis’

Sanghamitra -
Indians, according to Shekhar Gupta led The Print, have become so, so poor that they have stopped buying chaddis and banians.
Politics

Parody country Pakistan’s business tycoons meet the ‘Army Chief’ General Bajwa to express concerns over ‘dwindling economy’

OpIndia Staff -
It is rather strange that the business delegation of a country is appraising about the serious economic situation of the country to the Army Chief instead of Pakistan Prime Minister Imran Khan.
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