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Indian Economy - Angel One

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Jammu and Kashmir Economy Expected to Grow at 7.06% in 2024-25

6 March 2025

Jammu, Mar 6 (PTI) The economy of Jammu and Kashmir is projected to grow at 7.06 per cent in real terms, while the nominal Gross State Domestic Product (GSDP) is expected to rise by 11.19 per cent in 2024-25, according to the Economic Survey Report (ESR) for 2025. The report said that J&K has shown …

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Deep Tech Innovations to Help India Reach $10 Trillion Economy Goal

6 March 2025

Bengaluru, March 6 (IANS) As the nation moves towards becoming a $10 trillion economy, India is undergoing a structural shift from a software-led technology ecosystem to one driven by deep-tech innovations, a report said on Thursday. The government-backed initiatives such as the Rs 10,000 crore ‘Fund of Funds’, India’s Semiconductor Mission (ISM), and the National …

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Union Cabinet Approves ₹3,880 Crore Livestock Health and Disease Control Programme

6 March 2025

The Union Cabinet on Wednesday approved the revision of the Livestock Health and Disease Control Programme (LHDCP) with an outlay of ₹3,880 crore for two years. The scheme aims to enhance the animal health sector through comprehensive vaccination programs, capacity building, disease surveillance, and the strengthening of veterinary infrastructure. Key Components of LHDCP The revised …

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‘Trumpcession’ Hits Hard: Is Your Portfolio at Risk?

6 March 2025

A new term is making headlines in financial circles—Trumpcession. It refers to a potential U.S. recession linked to Donald Trump’s economic policies, and recent data suggests it may already be unfolding. As markets react to the latest economic indicators, investors worldwide are bracing for potential turbulence. The Atlanta Fed’s GDPNow model, a widely respected real-time …

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How to Calculate 8th Pay Commission Salary?

5 March 2025

With the announcement of the 8th Pay Commission, Central government employees are eager to understand how their salaries will change post-implementation. The commission, approved by Prime Minister Narendra Modi, is expected to be constituted by 2026, aligning with the conclusion of the 7th Pay Commission’s term. While specific financial details are yet to be disclosed, …

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Brookfield Announces Sale Of 1.6 GW Of Renewable Assets To Gentari

5 March 2025

New Delhi, Mar 5 (PTI) New York-based asset management firm Brookfield on Wednesday announced the sale of 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India for an undisclosed sum of money. The sale will be structured in two phases, Brookfield Asset Management Ltd said in a statement. “The first …

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India’s Millionaire Population Rises by 6% in 2024; Billionaires Reach 191, Says Knight Frank Report

5 March 2025

New Delhi, Mar 5 (PTI) Number of Indian high-net-worth individuals (HNWIs), those having assets more than USD 10 million, rose 6 per cent last year to 85,698, according to Knight Frank. Global property consultant Knight Frank on Wednesday released its ‘The Wealth Report 2025’, which estimated the HNWI population in India at 85,698 in 2024, …

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India’s Services Sector Grows Faster in February Amid Rising Demand

5 March 2025

New Delhi [India], March 5 (ANI): The HSBC India Services PMI rose to 59.0 in February, up from January’s 26-month low of 56.5, indicating a sharp expansion in business activity. India’s services sector expanded at a stronger pace in February, driven by rising domestic and international demand, leading to increased new orders, higher employment, and …

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Govt Seeks USD 2.81 Bn from Reliance, BP for Producing Gas that Came from ONGC Block

5 March 2025

New Delhi, Mar 4 (PTI) The government has slapped a USD 2.81 billion (about Rs 24,500 crore) demand notice on Reliance Industries Ltd and its partners, including BP Plc for gains made from producing and selling natural gas that may have migrated from neighbouring block of state-owned ONGC. This follows the Delhi High Court’s decision …

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Private Sector Participation, Public Engagement Key to India’s Nuclear Energy Goals: Minister

5 March 2025

New Delhi, March 4 (IANS) Achieving 100 GW of nuclear power by 2047 will require a focused and determined approach, adding around 4 GW annually from now onwards, Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, said on Tuesday. Emphasising that nuclear energy is critical for India’s Net Zero goal …

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