Indian Economy - Angel One - Page 380

The Haryana government has introduced a generous One Time Settlement (OTS) Scheme 2025 to help taxpayers settle outstanding indirect tax dues without penalties or interest. The scheme, announced by Chief Minister Nayab Singh Saini on March 23, 2025, is aimed at clearing legacy dues under pre-GST tax regimes and will remain open for 6 months …

The Supreme Court has asked the Central Bureau of Investigation (CBI) to begin 7 preliminary probes into fraud involving real estate developers and banks in the Delhi-NCR region. This order came after many homebuyers complained they were being forced to pay EMIs for flats they never received. The court said there was an “unholy nexus” …

The Indian Rupee has extended its winning streak into the fourth consecutive week as of May 2, 2025, fuelled by robust foreign investor inflows and improving global sentiment. The local currency breached the critical 84 per dollar mark intra-day, highlighting strong upside momentum. The USD/INR FX spot rate was trading lower at 84.29, down 0.3 …

India’s startup funding ecosystem saw a dramatic decline in April 2025, with total capital inflow dropping to just $745 million—a steep fall from the $1.76 billion recorded in January, according to data from Entrackr. The 58% drop reflects a cooling investor appetite, particularly for large-scale deals, and a shifting focus toward public markets. In total, …

The Ministry of Corporate Affairs (MCA) is expecting a sharp rise in candidate selections and internship acceptances in the second round of the PM Internship Scheme (PMIS) pilot phase, as per news reports. The increase is expected due to key changes made to address the challenges faced in the first round. What Changes Were Made …

In the month of April 2025, India’s coal production and dispatch recorded consistent growth, underscoring the Ministry of Coal’s sustained efforts to ensure a reliable supply and operational resilience across the sector. Rising Coal Production and Dispatch As per the provisional data, the total coal production reached 81.57 million tonnes (MT) in April 2025, up …

The National Payments Corporation of India (NPCI) has asked all banks and payment apps to reduce the response time for key UPI services. Starting June 16, 2025, all UPI transactions in India will become faster and more reliable. The goal is to improve user experience and reduce the delays people sometimes face while sending or receiving …

The Unified Pension Scheme (UPS) has been implemented for All India Services (AIS) officers of the Rajasthan cadre, as per a notification issued by the Department of Personnel (DOP). This scheme will serve as an optional benefit under the existing National Pension System (NPS). The central government has introduced UPS as an alternative for NPS-covered …

Wondering if banks and stock markets will remain closed on Akshay Tritiya 2025? Let’s find out. Akshaya Tritiya is a very important and auspicious festival celebrated across India. It falls on the third day of Shukla Paksha and is considered a lucky day for starting new ventures and making big purchases, especially gold. Are Banks …

India has witnessed a remarkable surge in patent filings by startups and MSMEs over the past 5 years. According to Mr. N. Ramchander, Joint Controller of the Controller General of Patents, Designs, and Trademarks, the number of patent filings by these enterprises has risen by an astounding 310%, from 1,492 in 2018-19 to 6,120 in …