Indian Economy - Angel One - Page 375

India’s startup ecosystem is growing rapidly, and a key event helping it thrive is the Startup Mahakumbh. This event, scheduled from April 3–5 at Bharat Mandapam in New Delhi, is set to bring together startups, investors, and government stakeholders to strengthen collaboration between states and startups. The aim is to create a platform that supports …

India’s key mineral production continues strong growth in FY 2024-25 (April-February). This follows record production levels in FY 2023-24. Iron ore accounts for 70% of total MCDR mineral production by value. Iron ore production was 274 million metric tonnes (MMT) in FY 2023-24. Iron Ore and Related Mineral Production Iron ore production increased to 263 …

Today is April 1, which marks the beginning of a new financial year (FY 2026) in India, bringing fresh tax changes, revised salary structures, and updated investment rules. Unlike the calendar year, which runs from January to December, India follows an April-to-March financial year, a system rooted in history and essential for taxation, budgeting, and …

The government has changed some GST amnesty rules. This will help taxpayers to use the GST Amnesty Scheme. The deadline to pay the tax demand is March 31, 2025. You must apply for the scheme by June 30, 2025. Amendment 1: GST Tax Demand Appeals If you appeal a GST tax demand, some rules are …

From April 1, 2025, the e-invoice portal will enforce new GST e-invoicing rules. Businesses with an Annual Aggregate Turn Over (AATO) of ₹10 crore must report e-invoices. This reporting must be done within 30 days of invoice issuance. This significantly lowers the previous ₹100 crore threshold. A large number of businesses will now be affected. …

If you are a young job seeker and looking to start your career in private organisations, then PM Internship Scheme (PMIS) could be a better start. However, you need to hurry as the deadline to register for PMIS round 2 is March 31, 2025.  After receiving an overwhelming response of over 6 lakh applications in …

Women are becoming major investors in mutual funds, narrowing the gap with men. As of December 2024, 1 in 4 unique individual mutual fund investors is a woman. Their investments are spread across different categories, including equity, debt, hybrid, and passive funds. Women’s Mutual Fund Investments Have More Than Doubled According to an AMFI report, …

The Indian media and entertainment (M&E) industry continued its upward trajectory in 2024, reaching a total valuation of ₹2.5 trillion (US$ 29.14 billion), according to a report by the Federation of Indian Chambers of Commerce & Industry (FICCI) and EY. While this marks a 3.3% growth from the previous year, the pace has notably slowed compared to …

The Indian Rupee (INR) edged higher on Friday, supported by likely foreign institutional investor (FII) inflows into local equities, as per news reports. The USD/INR pair is trading lower at 85.43, marking a 0.26% decline as of March 28, 2025. However, several factors, including month-end dollar demand and rising crude oil prices, could limit the …

India’s Information Technology (IT) sector has witnessed extraordinary growth over the past decade, emerging as a major contributor to exports and employment. The industry has expanded rapidly, with its revenue surging from ₹10,13,148 crore (US$ 118 billion) in FY15 to a projected ₹24,29,838 crore (US$ 283 billion) in FY25. According to the National Association of …