Indian Economy - Angel One - Page 400

The Indian rupee closed flat on Thursday, as comforting U.S. inflation data helped offset concerns over escalating global trade tensions that have dampened risk appetite. The rupee rose to 87 ending with 0.24% gains on Thursday, March 13, 2025.. The 1-month non-deliverable forward (NDF) indicated that the rupee would open at around 87.20-87.22, little changed …

New Delhi, Mar 13 (PTI) PhonePe’s app marketplace Indus Appstore on Thursday announced a multi-year partnership with consumer electronics maker Xiaomi India. Indus Appstore will now come pre-installed on all new Xiaomi smartphones in India, and will also replace GetApps on existing devices, aiming to enhance user experience, simplify app discovery, and increase accessibility, according …

As per the Minister of State for Communications and Rural Development, Dr Pemmasani Chandra Sekhar, the development of 6G technology is currently in progress globally, with an expected launch around 2030. India has set ambitious goals to become a leader in this next-generation telecom revolution.  On March 23, 2023, the Hon’ble Prime Minister released the …

The Indian government has launched a new initiative to bolster the fisheries industry with the introduction of the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY). This is a Central Sector Sub-scheme which operated under the prevailing Pradhan Mantri Matsya Sampada Yojana (PMMSY).  PM-MKSSY has an estimated budget of ₹6,000 crore will run for 4 years …

New Delhi, Mar 13 (PTI) Domestic passenger vehicle dispatches from factories to company dealers rose 1.9 per cent year-on-year to 3,77,689 units in February amid slowing demand, industry body SIAM said on Thursday. The total passenger vehicle wholesales stood at 3,70,786 units in February 2024. “Passenger vehicles segment remained resilient and posted its highest ever …

The National Housing Bank (NHB), a statutory body under the Government of India, has released its comprehensive report titled “Trends and Progress of Housing in India, 2024.” The report primarily comprises valuable insights into the current housing landscape, including house price trends, flagship government programs, the role of lending institutions, the performance of Housing Finance …

The PM Kisan Samman Nidhi Yojana (PMKSNY) is a flagship initiative by the Indian government aimed at providing financial assistance to small and marginal farmers. Under this scheme, eligible farmers receive ₹6,000 annually in three equal installments of ₹2,000 each. With the 19th installment expected to be released in the last week of February 2025, …

As discussions around the 8th Pay Commission gain momentum, the recent Reference Meet chaired by the Secretary of the Department of Personnel and Training (DoPT) brought significant developments. The meeting focused on various issues concerning central government employees and pensioners, with particular emphasis on Dearness Allowance (DA) and Dearness Relief (DR). Major Concerns Raised in …

On February 1, 2025, Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26, unveiling significant tax reforms that aim to provide relief to the middle class. A much-anticipated announcement was made regarding income tax exemptions under the new tax regime. The Finance Minister confirmed that no income tax will be payable for annual incomes of …

The Economic Survey 2024-25 has confirmed the dominance of the service sector in India’s economic landscape, terming it the ‘Old War Horse’. The sector has been instrumental in sustaining GDP growth, particularly when global merchandise trade slowed down. With its contribution to the total GVA increasing from 50.6% in FY14 to 55.3% in FY25, the …