Indian Economy - Angel One - Page 397

The Reserve Bank of India received bids worth over ₹1.01 lakh crore in its open market operation (OMO) purchase, more than twice the notified amount of ₹50,000 crore. This move will help inject liquidity into the banking system, especially ahead of advance tax and GST payments, which are expected to drain funds. Liquidity Challenges Amid …

New Delhi, Mar 18 (PTI) India and Malaysia have agreed to take steps to speed up the review of the ASEAN-India Trade in Goods Agreement (AITIGA) for its substantial conclusion by 2025, the commerce ministry said on Tuesday. Malaysia is one of the key members of the 10-member ASEAN and chair of the group for …

Jaipur, Mar 18 (PTI) Farmers in Rajasthan can register for selling gram and mustard crops at the minimum support price from April 1, and the procurement will begin on April 10, Minister of State for Cooperatives Gautam Kumar Dak said on Tuesday. He said that the state government is always ready in the interest of …

Singapore, Mar 19 (PTI) India’s green fuel and digital initiatives are set to enter the global trade through Singapore’s marine and shipping industry, where over 55 million tonnes a year of bunker fuel is supplied to internationally operating vessels, making it one of the largest hubs. Trade sources said both India and Singapore are exploring …

India’s real estate market has emerged as a high-growth destination within the Asia-Pacific (APAC) region, attracting global investors. Driven by strong economic fundamentals, expanding corporate presence, and the surge in e-commerce, the country has seen growth, especially in its office and industrial & logistics segments.  According to Colliers’ “Asia Pacific Investment Insights H2 2024” report, …

According to SBI Research, the US government’s plan to impose reciprocal tariffs is expected to have only a small impact on India, with exports likely to decline by just 3-3.5%. However, this effect could be offset by India’s efforts to boost exports in manufacturing and services. The country is focusing on increasing value-added exports, expanding …

The Reserve Bank of India (RBI) is reviewing the cash management practices of AGS Transact Technologies, a key player in ATM cash handling. This comes after concerns emerged over untraceable funds, prompting a crucial meeting with banks that rely on AGS Transact’s services. Concerns Over Missing Funds Since mid-January, banks have struggled to track cash …

Gurugram, Mar 18 (PTI) Air India, which has embarked on a transformation path, expects to complete the upgradation of all legacy wide body aircraft by mid 2027, its chief Campbell Wilson said on Tuesday and mentioned that the aviation market worldwide is likely to remain “supply constrained” for another four to five years. The Air …

New Delhi, Mar 18 (PTI) Parliament on Tuesday approved the supplementary demands for grants, which entails Rs 51,463 crore additional spending in the current fiscal and the Manipur Budget for 2025-26 with the Rajya Sabha returning four bills to the Lok Sabha. Parliament also approved the Rs 1,291 crore demands for excess grants for 2021-22 …

India’s mobile phone export industry has achieved a remarkable milestone, with exports crossing ₹1,82,448 crore (US$ 21 billion) in the first 11 months of FY25. This exceeds the forecast made by Union Minister for Railways, Information and Broadcasting, and Information Technology, Mr Ashwini Vaishnaw, who had estimated exports to reach ₹1,73,760 crore (US$ 20 billion) …