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Economy - Angel One

Coal Stock at Power Plants Up by 20.2%: Ministry Report

Coal Stock at Power Plants Up by 20.2%: Ministry Report

18 March 2025

India has achieved a significant milestone in its coal production, reaching the highest-ever output in the financial year 2023-24.  According to the Union Minister of Coal and Mines Shri G. Kishan Reddy, the country’s domestic coal production for the year stood at 997.826 million tonnes (MT), marking an impressive growth of 11.71% compared to 893.191 …

India’s Trade Deficit Hits 3-Year Low at $14.05 Billion in February 2025

India’s Trade Deficit Hits 3-Year Low at $14.05 Billion in February 2025

18 March 2025

India’s goods trade deficit fell to a 30-month low of $14.05 billion in February 2025, a sharp decline from $22.9 billion in January, according to data from the Commerce Ministry. The narrowing trade gap was primarily driven by a steep fall in imports, marking a significant reduction from $19.51 billion in February 2024. Imports and …

Credit-Deposit Growth Gap to Narrow in FY26: India Ratings

Credit-Deposit Growth Gap to Narrow in FY26: India Ratings

17 March 2025

The gap between credit and deposit growth in India’s banking sector is expected to shrink significantly to 80 basis points (bps) in FY26, down from an average of 386 bps recorded between FY22 and Q3FY25, according to India Ratings. Loan Deposit Ratio (LDR) to Moderate The incremental Loan Deposit Ratio (LDR) of banks is expected …

Chhattisgarh Plans To Double GSDP To ₹10 Trillion In The Next 5 Years

Chhattisgarh Plans To Double GSDP To ₹10 Trillion In The Next 5 Years

17 March 2025

Chhattisgarh plans to double its gross domestic product to ₹10 lakh crore in the next 5 years. By combining its rich natural resources with future-oriented policies, the government is targeting a 14% growth rate (which includes inflation). Investments and Industrial Growth  The government is focusing on developing sectors such as medical tourism, semiconductors, IT, pharmaceuticals, …

Banks Write Off Bad Loans Worth Rs 16.35 Lakh Cr In Last 10 Years

Banks Write Off Bad Loans Worth Rs 16.35 Lakh Cr In Last 10 Years

17 March 2025

New Delhi, Mar 17 (PTI) Banks have written off non-performing assets (NPAs) or bad loans worth about Rs 16.35 lakh crore in last 10 financial years, Parliament was informed on Monday. Highest amount of Rs 2,36,265 crore was written off during financial year 2018-19 while NPAs worth Rs 58,786 crore were written off in 2014-15, …

Himachal Budget: Milk Prices Increased by Rs 6/Litre, Eco-Tourism in Focus

Himachal Budget: Milk Prices Increased by Rs 6/Litre, Eco-Tourism in Focus

17 March 2025

Shimla, Mar 17 (PTI) Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Monday presented the annual Budget for the year 2025-26 and said the state government will focus on promoting religious and eco tourism besides exploring lesser-known tourist destinations. While presenting his third annual Budget for FY26, Sukhu said the year 2025-26 is full of …

India’s Real Estate Boom: Land Acquisitions and Project Development Skyrocket

India’s Real Estate Boom: Land Acquisitions and Project Development Skyrocket

17 March 2025

The Indian real estate sector is experiencing rapid growth due to rising demand for commercial, residential, and mixed-use developments. According to a JLL India study, companies spent ₹62,328 crore on developing new projects in 2024-25. In the coming years, the RBI’s reduction in policy rates and the introduction of new fiscal incentives for the middle …

Gold Hit $3,000 For the First Time Amid Geopolitical Instability

Gold Hit $3,000 For the First Time Amid Geopolitical Instability

17 March 2025

The continuous surge in gold prices has pushed the precious metal above the significant $3,000 per ounce threshold for the first time on March 14, 2025, driven by geopolitical and economic instability that has prompted investors to flock to the safe-haven asset. On Friday, March 14, 2025, spot gold reached a historic $3,004.86 per ounce, …

Did You Know RBI Decided the SGB Redemption Price at ₹8,624 Per Unit?

Did You Know RBI Decided the SGB Redemption Price at ₹8,624 Per Unit?

17 March 2025

The Reserve Bank of India (RBI) announced that the redemption price for the final maturity of Sovereign Gold Bonds (SGBs) due on March 17, 2025, will be ₹8,624 per unit. “This price is determined based on the simple average of the closing gold price for the week of March 10-13, 2025,” the RBI stated. The …

Is APAAR ID Compulsory in India? Check How to Apply

Is APAAR ID Compulsory in India? Check How to Apply

15 March 2025

The Ministry of Education and the Government of India introduced the APAAR ID card in line with the National Education Policy (NEP) 2020, aiming to assign unique identification numbers to school students across India. Known as the ‘One Nation One Student ID Card,’. Is APAAR ID Compulsory? According to the government, the APAAR ID is …

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