Indian Economy - Angel One - Page 394

The Ministry of Education and the Government of India have launched the innovative APAAR ID card under the National Education Policy (NEP) 2020. This game-changing initiative aims to provide a unique identification number to students across the country, digitally preserving their academic records, accomplishments, and credentials. The One Nation One Student ID card will streamline …

In a significant policy shift, the newly elected Delhi government has approved the implementation of the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) in the national capital.  This move is poised to offer comprehensive health insurance coverage of up to ₹10 lakh per family, targeting the economically vulnerable sections of society. The scheme’s rollout is …

The Indian Rupee (INR) has fallen by about 3.5% against the US Dollar in the past 6 months, crossing ₹87 per USD. As per a report, the USD rose 5% over the past year, from ₹83.01 on February 10, 2024, to ₹87.45 on February 1, 2025. Impact of a Weaker Rupee on Travel When the …

The 8th Central Pay Commission (CPC) has been a topic of much discussion among central government employees and pensioners. More than one crore employees across India are eagerly waiting for updates on pay hikes and other changes that may come with the commission. Formation and Terms of Reference (ToR) The central government announced the formation …

India is the world’s 2nd largest producer of aluminium, ranks among the top 10 producers of refined copper, and is the 4th largest iron ore producer globally. Production of key minerals in India has experienced strong growth during FY 2024-25 (April-January), following record production levels in FY 2023-24. Iron Ore Production Iron ore, which accounts …

The Employees’ Provident Fund Organization (EPFO) has released the provisional payroll data for December 2024, showcasing significant employment trends and member additions. Net Addition in December 2024 In December 2024, EPFO recorded a net addition of 16.05 lakh members. This represents a 9.69% increase in net payroll additions compared to November 2024, indicating a strong …

Indian Railways has taken another step toward achieving its Net Zero goal by signing a 170 MW power purchase agreement (PPA) with the Madhya Pradesh government. This deal secures the cheapest solar power in India at ₹2.15 per kWh and strengthens the railway’s commitment to using renewable energy sources. Indian Railways’ Renewable Energy Targets Railways …

India is making significant strides in defence self-reliance, with 88% ammunition production sufficiency and defence exports reaching ₹23,000 crore in 2023-24. The government now targets ₹50,000 crore in exports by 2029, boosting national security and economic growth. India’s Defence Minister Rajnath Singh urged IIT Mandi to contribute to AI warfare, cybersecurity, and quantum technology advancements. …

On February 24, Prime Minister Shri Narendra Modi extended warm congratulations to farmers across the country on the 6th anniversary of the PM Kisan Samman Nidhi Yojana, a landmark initiative aimed at providing financial assistance to farmers. Since its inception, the scheme has significantly contributed to the welfare and empowerment of the agricultural community. The …

The NSE India Inc. Ownership Tracker for Q3 FY25 highlights a shift in equity ownership, with promoters and Foreign Portfolio Investors (FPIs) retreating, while Domestic Mutual Funds (DMFs) and individual investors steadily grow their influence. The latest figures reveal that promoter holdings in NSE-listed and Nifty 500 companies dropped for the 2nd consecutive quarter, while …