Indian Economy - Angel One - Page 385

Tax evasion has been a persistent challenge for the government, with fraudulent activities leading to significant revenue losses. In the ongoing fiscal year (April 2024–January 2025), Central GST (CGST) officers detected tax evasion amounting to a staggering ₹1.95 lakh crore across 25,397 cases. This was revealed in Parliament, highlighting the scale of the issue and …

New Delhi, Mar 11 (PTI) India and the US are planning to negotiate a trade agreement and both countries will focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration, Parliament was informed on Tuesday. In a written reply to the Lok Sabha, Minister of State for Commerce and …

In a transformative move to support unorganised workers across India, the Ministry of Labour and Employment launched the e-Shram portal on August 26, 2021. This platform aimed to create a comprehensive National Database of Unorganised Workers (NDUW), seamlessly linked with Aadhaar, to facilitate easy registration for the country’s vast unorganised workforce. As of March 3, …

MUMBAI, India, March 11, 2025 /PRNewswire/ — ASSOCHAM along with Dun & Bradstreet, a leading global provider of business decisioning data and analytics, has released its Small Business Confidence Index for Q1 2025 which tracks the optimism of small and medium enterprises in India. The first quarter of the calendar year 2025 has begun on …

New Delhi, Mar 11 (PTI) MSME-focused fintech Progcap on Tuesday said it has launched a programme to offer collateral-free loans of up to Rs 10 lakh to women-led small and medium enterprises in the next three years.The fintech, which is backed by Peak XV (previously Sequoia Capital India), Google and Tiger Capital, among others, seeks …

During 2022-24, India’s pharmaceutical and healthcare industry attracted total investments worth ₹2,61,900 crore. As per reports, increasing insurance penetration, growing demand for high-quality services, and post-pandemic resilience are favourably reshaping the industry.  Prominent M&A Deals Favouring India’s Healthcare Sector  The report suggests that mergers and acquisitions of hospitals accounted for nearly 40% of the total …

Maharashtra Deputy Chief Minister Ajit Pawar, who also serves as the state’s Finance Minister, presented a ₹7.20 lakh crore annual budget for the financial year 2025-26 in the state assembly. The budget includes a revenue deficit of ₹45,892 crore and a fiscal deficit of ₹1,36,234 crore. This marks the 11th budget presented by Pawar as …

New Delhi, Mar 10 (PTI) Commerce and Industry Minister Piyush Goyal will on Thursday hold discussions with export promotion councils on trade issues amid the threat of imposition of reciprocal tariffs by the US, an industry official said In the meeting, exporters are expected to raise issues pertaining to the proposed bilateral trade agreement between …

The Reserve Bank of India (RBI) has announced a new measure to increase liquidity in the banking system. On March 24, the central bank will conduct a $10 billion USD/INR Buy/Sell swap auction to provide additional funds to banks. This auction will have a 36-month tenure, according to an official RBI statement. How the Swap …

New Delhi, Mar 11 (PTI) India has extended duty-free imports of Urad for another year until March 31, 2026, according to a government notification. The provision was earlier in place until the end of March this year. Myanmar is the main exporting country of Urad to India. “The free import policy of Urad stands extended …