Indian Economy - Angel One - Page 397

The USD/INR exchange rate exhibited fluctuations this week, reflecting a mix of market factors. Starting at 87.469 on February 10, 2025, the pair saw a 0.17% decline, trading at 86.84 on February 14, 2025, as of 3:12 PM. The highest level recorded during the week was 87.997, while the lowest touched 86.327. The fluctuations are …

On Thursday, February 13, 2025, Finance Minister Nirmala Sitharaman presented the new Income Tax Bill, 2025, in the Lok Sabha as part of efforts to reform the tax system. The new Income Tax Bill aims to simplify and streamline provisions to enhance clarity and reduce the potential for legal disputes. This new legislation will replace …

On Friday, February 14, 2025, at 5 AM, IST, Prime Minister Narendra Modi and newly elected US President Donald Trump concluded their bilateral meeting at the White House, discussing, defence, tariffs, immigration and other important matters. In this read, we will have a look at the key highlights of the bilateral meeting between Prime Minister …

India’s electric vehicle (EV) landscape is undergoing a transformative shift, thanks to the implementation of several government initiatives designed to promote the adoption and manufacturing of EVs. These schemes are paving the way for a greener and more sustainable transportation future, fostering innovation, boosting domestic manufacturing, and addressing the growing need for clean energy solutions. …

The Government of India has sanctioned a total of ₹3,295.76 crore for 40 tourism development projects across 23 states for the financial year 2024-25, under the ‘Special Assistance to States for Capital Investment (SASCI) – Development of Iconic Tourist Centres to Global Scale’ scheme. The goal of this initiative is to comprehensively develop iconic tourist …

President Donald Trump on Thursday further disrupted the global trade system by announcing reciprocal tariffs on other nations, a move aimed at aligning US import tariffs with the tax rates imposed by other countries. Trump Declares Equal Tariffs on Imports Trump announced while speaking to reporters, stating that the US would match tariffs imposed by …

Namdhari Seeds has taken a significant step in its global expansion by acquiring 100 per cent of Axia Vegetable Seeds’ open-field vegetable seed business. This strategic acquisition reinforces Namdhari Seeds’ presence in key international markets, including North America, South America, the Middle East, Africa, and Europe. With this move, the company aims to enhance its …

Prime Minister Narendra Modi’s visit to the US for a high-stakes meeting with President Donald Trump is set to focus on key issues impacting both nations. From navigating trade negotiations amid the “America First” policy to addressing immigration concerns, the talks are expected to cover global issues like the Ukraine-Russia conflict and Israel-Gaza situation. Check …

The newly introduced Income Tax Bill, which has been shared with Parliament members, seeks to replace the existing Income Tax Act of 1961 with the updated Income Tax Act, 2025. Spanning a total of 622 pages, this bill is set to be implemented starting April 1, 2026. It includes 23 chapters and 16 schedules. In …

The Reserve Bank of India (RBI) was prepared to inject ₹2,50,000 crore into the banking system through its Variable Rate Repo (VRR) auction on Wednesday to improve liquidity. The central bank explained that the amount was determined after assessing current liquidity conditions. Additionally, the RBI announced that it would hold daily VRR auctions on all …