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Indian Economy - Angel One

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India’s Tech Industry to Cross US$ 300 Billion by FY26

24 March 2025

India’s journey in the global technology arena is no longer just about being a low-cost outsourcing hub. It has transformed into a leading innovation partner, a strategic enabler of digital transformation, and a significant contributor to the global digital economy.  Speaking at the Global Confluence 2025, Mr. Rajesh Nambiar, President of NASSCOM, highlighted India’s pivotal …

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UPI Users Must Watch for These Changes Before April 1, 2025

24 March 2025

From April 1, 2025, UPI services will not work on reassigned or inactive numbers. This UPI update has been issued by the National Payments Corporation of India (NPCI). As per the order, mobile phone numbers inactive for 90 days will be automatically delinked from their associated bank account. This will reduce the risk of fraud …

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Pradhan Mantri Awaas Yojana-Gramin: Government Allocated ~₹2.50 Lakh Crore Since 2016

24 March 2025

The Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) has been a cornerstone of the Indian government’s efforts to address housing issues in rural areas, providing financial assistance to eligible families for the construction of homes. The scheme offers a helping hand to individuals and families living in rural regions, particularly in the plains and hilly areas, ensuring …

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IN-SPACe Launches Technology Adoption Fund to Boost Space Startups

22 March 2025

The Indian National Space Promotion and Authorization Centre (IN-SPACe) has introduced the Technology Adoption Fund (TAF) scheme to support Indian industries, particularly startups, in commercialising early-stage space technologies. This initiative aligns with India’s broader vision of enhancing self-reliance in space technology and reducing dependence on imports. Objectives of the TAF Scheme The primary aim of …

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USD/INR: Rupee Gains for the Week Ending March 21 on Strong Foreign Bank Dollar Inflows

21 March 2025

The Indian rupee extended its weekly gains on Friday, buoyed by steady dollar inflows that helped counter the decline in other Asian currencies. The rupee ended the day at ₹85.98 per U.S. dollar, marking a 0.46% appreciation and extending its weekly advance to nearly 1%. Rupee Ends as the Best-Performing Asian Currency With this week’s …

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How to Register a Startup in India: Check Step-by-Step Guide

21 March 2025

In India, starting a business can be an exciting venture for you, but commuting the legal and regulatory process might make the process difficult. Luckily, India has simplified the registration process for startups, especially with the launch of the Startup India programme. This initiative was launched by the Ministry of Commerce and Industry to help …

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MCA Holds Second Open House for PM Internship Scheme on March 19, 2025

21 March 2025

In a continued effort to engage and support candidates applying for the PM Internship Scheme, the Ministry of Corporate Affairs (MCA) hosted its second Candidate Open House on March 19, 2025.  This initiative reflects the ministry’s commitment to addressing candidate queries and concerns throughout the application process. The MCA has also announced plans to hold …

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EPFO Released Jan 2025 Payroll Data: Net Payroll Addition Rose ~12% YoY

21 March 2025

On March 20, 2025, the Employees’ Provident Fund Organisation (EPFO) released provisional payroll data for January 2025, which indicates a net increase of 17.89 lakh members. This reflects a growth of 11.48% in net payroll additions against December 2024. When comparing on a YoY basis, there was an 11.67% growth in net payroll additions from …

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India to Impose 12% Safeguard Duty on Steel Imports

20 March 2025

The Directorate General of Trade Remedies (DGTR), under the commerce ministry, has recommended a 12% provisional safeguard duty on certain steel products. This step aims to protect the domestic steel industry from cheap imports. The final decision will be made by the finance ministry. In its notification, the DGTR stated that the situation is urgent …

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RBI Governor Urges Urban Cooperative Banks to Strengthen Depositor Confidence

20 March 2025

The Reserve Bank of India (RBI) Governor, Sanjay Malhotra, has advised urban cooperative banks (UCBs) to focus on rebuilding depositor confidence, improving customer service, and strengthening resilience against IT and cyber risks.  His remarks came during a meeting with UCB representatives and industry bodies, where the RBI reaffirmed its support for the sector while emphasising …

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