Indian Economy - Angel One - Page 387

GDP per capita is a widely used economic indicator that measures the average economic output (GDP) per person in a country. It is calculated by dividing a nation’s total gross domestic product by its population. This metric offers a clearer picture of individual prosperity and is often used as a benchmark to compare the economic …

External Affairs Minister S. Jaishankar and US Secretary of State Marco Rubio held a telephonic conversation on Monday to discuss the effects of recently imposed US tariffs on Indian exports. The US State Department stated that the call focused on exploring avenues for advancing a “fair and balanced trade relationship.” The discussion followed US President …

In a significant step towards banking sector reform, the Union government has issued a gazette notification announcing the merger of multiple Regional Rural Banks (RRBs), effective from 1 May 2025. Exercising powers under Section 23A(1) of the Regional Rural Banks Act, 1976, the government has formalised the creation of single RRB entities in several states …

India’s trade equation with the United States is facing a fresh challenge following Washington’s decision to impose a sweeping 26% reciprocal tariff. According to a report by the Global Trade Research Initiative (GTRI), this move could lead to a 6.41% contraction in India’s exports to the US in 2025, equating to a drop of $5.76 …

The Reserve Bank of India (RBI) is poised to further increase its record cash injections into the banking system in order to protect the economy from growing global challenges as mentioned in various news reports. Infusion of ₹4 Trillion in Banking System The RBI is expected to infuse as much as ₹4 trillion ($47 billion) …

On 8 April 2025, Pradhan Mantri MUDRA Yojana (PMMY) completes its 10 years of inception. PM Mudra Yojana (PMMY) aims to fund the unfunded micro enterprises and small businesses without any collateral. Achievements under Pradhan Mantri Mudra Yojana PMMY has sanctioned over 52 crore loans worth ₹32.61 lakh crore, fuelling a nationwide entrepreneurial revolution since …

Union Railways Minister Ashwini Vaishnaw shared the revenue details of Indian Railways for the financial year ending March 31, 2024. The total revenue earned was ₹2,56,093 crore. The total expenditure was ₹2,52,834 crore. This resulted in a net revenue of ₹3,260 crore. Indian Railways is one of the largest rail networks globally. It plays a …

The Securities and Exchange Board of India (SEBI) has introduced a new framework to verify the performance claims made by investment advisors, research analysts, and algorithmic trading platforms. This involves the creation of the Past Risk and Return Verification Agency (PaRRVA), which will be responsible for validating risk-return metrics used in advertisements and communications by …

In India, health insurers are now required by regulation to offer mental health coverage on par with physical ailments. This mandate stems from the Mental Healthcare Act, 2017 and the subsequent IRDAI directive in 2018, which made it compulsory for all health insurance providers to include mental health in their policies. However, while the coverage …

As per news reports, the ‘One State-One RRB’ plan is expected to be launched soon by India’s Finance Ministry. This plan aims to consolidate 43 Regional Rural Banks (RRBs) into 28. This will increase operational efficiency and reduce costs. Consolidation Details Most consolidation work is complete. The fourth round of mergers will happen soon. As …