Indian Economy - Angel One - Page 388

In a move that directly impacts household budgets, the price of cooking gas has been increased by ₹50 per cylinder. The Union Petroleum Minister announced that the hike applies to both general category users and beneficiaries under the Ujjwala Yojana. With this, the price of a standard 14.2-kg LPG cylinder has gone up from ₹803 …

The Indian government recently announced a ₹2 per litre increase in Special Additional Excise Duty (SAED) on both petrol and diesel, effective from April 8. This move has sparked curiosity and concern among many, especially about whether the retail prices of petrol and diesel will rise. Let’s break it down in simple terms to understand …

Amid widespread social media claims that the retirement age for central government employees has been raised to 62 years, government authorities have confirmed that no such change has been made. The Press Information Bureau (PIB) and Lok Sabha have both reiterated that there is no proposal under consideration to increase the retirement age beyond 60 …

A recent GTRI report predicts a decline in India’s merchandise exports to the US in 2025. This decline is estimated at US$5.76 billion due to the imposition of higher tariffs by the Trump administration.  Impact on Key Sectors Several sectors will be significantly affected, as per the Global Trade Research Initiative report. These include gems …

The details of ITR filings released by the Income Tax department can shock you. As of March 31, 2025, 3.24 lakh individuals filed income tax returns (ITR) for over ₹1 crore! Of these, 2.97 lakh individuals reported incomes between ₹1 and ₹5 crore! ITR Filings By High-Income Earners The data shows 16,797 individuals filed ITRs …

In a progressive move, the Department of Personnel and Training (DoPT) has issued an order allowing female government employees and pensioners to nominate their children for family pension, instead of their husband, under specific legal circumstances. This decision marks a significant step towards protecting the interests of women navigating marital disputes or facing domestic challenges. …

As per news reports, India is unlikely to immediately retaliate against the 26% tariff imposed by President Donald Trump on US imports from the country. The Indian government is prioritising negotiations for a bilateral trade agreement that could lead to reduced duties and more balanced trade relations. Pursuit of a Balanced Trade Agreement According to …

The Reserve Bank of India (RBI) commenced its bi-monthly meeting on Monday, April 7, to review and set the key benchmark interest rates, or repo rates. RBI MPC will mark the first monetary policy session for the FY2025- 26 and will determine the central bank’s lending rates, with the decision to be announced on Wednesday, …

Women’s participation in India’s capital market has seen a notable increase, especially since the pandemic, according to a report by the Ministry of Statistics and Programme Implementation (MoSPI). The report highlights that more women are now investing in the market, reflecting a shift towards financial empowerment. Increasing Women’s Participation in Capital Markets  The number of …

India’s startup ecosystem has come a long way, with multiple unicorns in delivery, fintech, and e-commerce. Yet, at Startup Mahakumbh 2025, Union Commerce Minister Piyush Goyal challenged this growth narrative. In a thought-provoking address, he urged entrepreneurs to pivot from convenience-based solutions to deep technology and innovation-led models that could position India as a global …