Luxury shopping is no longer confined to India’s major metropolitan cities. With the expansion of e-commerce, high-end brands are witnessing a surge in demand from smaller towns like Botad in Gujarat and Asansol in West Bengal. Consumers in these regions, previously overlooked by luxury retailers, are now actively purchasing premium products, marking a shift in …
The Employees’ Provident Fund Organisation (EPFO) has achieved a historic milestone by settling over 5.08 crore claims in the financial year 2024-25, surpassing the 4.45 crore claims settled in the previous year. The total claim amount processed stands at ₹2,05,932.49 crore, marking a substantial increase from ₹1,82,838.28 crore in FY 2023-24. Union Minister of Labour …
The Union Budget 2025-26, presented by the Union Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman, outlines several key amendments to the Goods and Services Tax (GST) laws. These changes aim to streamline trade processes, enhance compliance, and introduce new provisions related to taxation and penalties. Here is an overview of the major proposals. …
India, home to over 10.45 crore Scheduled Tribe (ST) individuals—comprising 8.6% of the total population—boasts a rich and diverse tribal heritage. Despite their significant presence, many tribal communities remain in remote and inaccessible regions, facing socio-economic challenges. Recognising this, the government has consistently prioritised their development. Under the leadership of Prime Minister Shri Narendra Modi, …
India’s tourism sector, with its rich heritage, culture, and diversity, is emerging as a global favorite. The sector plays a crucial role in driving economic growth, and the government has recognized its potential for generating employment and development. India achieved a rank of 14th worldwide in global tourism receipts, receiving 1.8% of world tourism receipts …
On February 7, 2025, Reserve Bank of India Governor Sanjay Malhotra announced a 25 basis point rate cut in his inaugural policy meeting as head of the central bank. This marks the first rate reduction after 12 consecutive policy reviews by the Monetary Policy Committee. The repo rate has been lowered from 6.5% to 6.25%. …
January 23, 2025 09:25 AM Stock Market Live: Welcome to Today’s Coverage by Angel One Welcome to Angel One’s live coverage of recent developments in the stock market and the economy. Get insights on the latest events right here. January 23, 2025 09:31 AM Share Market Live: Market Recap On January 22, Sensex gained …
On December 6, 2024, the Reserve Bank of India (RBI) announced its 5th bi-monthly monetary policy review for FY25. The 6-member Monetary Policy Committee (MPC), led by RBI Governor Shaktikanta Das, has decided to keep the benchmark repo rate unchanged at 6.5% for the eleventh consecutive meeting. In addition to this, the MPC has opted …
In 2024, India’s jewellery consumption reached 563.4 tons, surpassing China’s 511.4 tons, solidifying India’s position as the world’s largest gold consumer in this sector. India’s total gold demand rose by 5% year-on-year, reaching 802.8 tons in 2024, up from 761 tons in 2023. This increase was driven by higher jewellery consumption and a significant rise …
The 3rd India-Japan Steel Dialogue took place on February 4, 2025, at Vigyan Bhavan, New Delhi. The event was jointly organised by India’s Ministry of Steel and Japan’s Ministry of Economy, Trade and Industry (METI). Co-chaired by Mr. Vinod Kumar Tripathi, Joint Secretary, Ministry of Steel, India, and Mr. Hideyuki Urata, Deputy Director General, METI, …
