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Economy - Angel One

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What Makes Gold Cheaper in Dubai Than in India?

13 March 2025

Gold has long been a symbol of wealth and security, making it one of the most sought-after commodities worldwide. Many gold buyers often compare prices across different countries to get the best deal. One city that consistently attracts gold buyers is Dubai, known for its tax-free gold market and competitive pricing. But why is gold …

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Why Printing Unlimited Money Isn’t an Option for RBI?

13 March 2025

Imagine waking up one day to find that everyone has been given unlimited money. At first, it seems like a dream come true—everyone can afford luxury cars, lavish homes, and expensive gadgets. But within days, prices skyrocket, shelves empty out, and businesses collapse. The dream turns into chaos. This is precisely why the Reserve Bank …

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USD/INR: Rupee Remains Stable Amid Global Trade Tensions and Inflation Data for Week Ending March 13, 2025

13 March 2025

The Indian rupee closed flat on Thursday, as comforting U.S. inflation data helped offset concerns over escalating global trade tensions that have dampened risk appetite. The rupee rose to 87 ending with 0.24% gains on Thursday, March 13, 2025.. The 1-month non-deliverable forward (NDF) indicated that the rupee would open at around 87.20-87.22, little changed …

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PhonePe’s Indus Appstore to Come Pre-installed on Xiaomi Smartphones

13 March 2025

New Delhi, Mar 13 (PTI) PhonePe’s app marketplace Indus Appstore on Thursday announced a multi-year partnership with consumer electronics maker Xiaomi India. Indus Appstore will now come pre-installed on all new Xiaomi smartphones in India, and will also replace GetApps on existing devices, aiming to enhance user experience, simplify app discovery, and increase accessibility, according …

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5G is Here, But 6G is Coming! How India is Gearing Up for 2030?

13 March 2025

As per the Minister of State for Communications and Rural Development, Dr Pemmasani Chandra Sekhar, the development of 6G technology is currently in progress globally, with an expected launch around 2030. India has set ambitious goals to become a leader in this next-generation telecom revolution.  On March 23, 2023, the Hon’ble Prime Minister released the …

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Boosting Fisheries Sector: India Launches ₹6,000 Crore PM-MKSSY Scheme

13 March 2025

The Indian government has launched a new initiative to bolster the fisheries industry with the introduction of the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY). This is a Central Sector Sub-scheme which operated under the prevailing Pradhan Mantri Matsya Sampada Yojana (PMMSY).  PM-MKSSY has an estimated budget of ₹6,000 crore will run for 4 years …

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Domestic Passenger Vehicle Dispatches Rise 2% YoY in Feb: SIAM

13 March 2025

New Delhi, Mar 13 (PTI) Domestic passenger vehicle dispatches from factories to company dealers rose 1.9 per cent year-on-year to 3,77,689 units in February amid slowing demand, industry body SIAM said on Thursday. The total passenger vehicle wholesales stood at 3,70,786 units in February 2024. “Passenger vehicles segment remained resilient and posted its highest ever …

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Housing Loans Rose 14% in India: Positive Outlook by NHB Report

13 March 2025

The National Housing Bank (NHB), a statutory body under the Government of India, has released its comprehensive report titled “Trends and Progress of Housing in India, 2024.” The report primarily comprises valuable insights into the current housing landscape, including house price trends, flagship government programs, the role of lending institutions, the performance of Housing Finance …

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PM Kisan Samman Nidhi Yojana 19th Installment: How to Update Mobile Number Before February Payment

14 February 2025

The PM Kisan Samman Nidhi Yojana (PMKSNY) is a flagship initiative by the Indian government aimed at providing financial assistance to small and marginal farmers. Under this scheme, eligible farmers receive ₹6,000 annually in three equal installments of ₹2,000 each. With the 19th installment expected to be released in the last week of February 2025, …

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8th Pay Commission Update: Key Highlights from Terms of Reference Meet on 50% DA, DR

14 February 2025

As discussions around the 8th Pay Commission gain momentum, the recent Reference Meet chaired by the Secretary of the Department of Personnel and Training (DoPT) brought significant developments. The meeting focused on various issues concerning central government employees and pensioners, with particular emphasis on Dearness Allowance (DA) and Dearness Relief (DR). Major Concerns Raised in …

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