Indian Economy - Angel One - Page 393

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 …

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 …