Indian Economy - Angel One - Page 450

“Worrying doesn’t empty tomorrow of its sorrows, it empties today of its strengths.” – Corrie Ten Boom – timekeeper Don’t worry, stay sharp The Indian stock market has not shown much growth in the past 1 year. While the Nifty 50 has grown by only 2.03%, the S&P BSE Sensex has grown by 2.43%. You …

India’s refining sector is poised for significant expansion to cater to the country’s burgeoning fuel consumption. According to the junior petroleum minister, the nation’s annual refining capacity is projected to surge by approximately 20% to 309.5 million metric tons, or 6.19 million barrels per day, by the year 2028. To achieve this ambitious target, Indian …

India’s coal sector is undergoing a significant transformation, marked by increased domestic production, reduced import dependency, and a strategic shift towards value-added products. Domestic coal production has surged, rising by 11.65% to 997.26 million tonnes in 2023-24, from 893.19 million tonnes in the previous year. To meet the growing demand, which reached 1,233.86 million tonnes …

India, with its vast coal reserves, is strategically positioning itself as a global leader in coal gasification. Recognising the potential of this technology to enhance energy security, reduce import dependency, and contribute to a cleaner energy mix, the government has embarked on a comprehensive initiative. The Coal Gasification Mission, launched in 2020, aims to gasify …

The Reserve Bank of India (RBI) has proposed stricter liquidity coverage ratio (LCR) norms to mitigate the risk of bank runs, particularly those triggered by digital banking channels. This move aims to bolster the banking system’s resilience against sudden deposit withdrawals. LCR mandates banks to maintain a certain proportion of high-quality liquid assets (HQLA) to …

The Petroleum and Natural Gas Regulatory Board (PNGRB) has announced a significant revision in tariffs for petroleum product pipelines, effective August 1, 2024. The new regulations aim to ensure a reasonable return for pipeline operators while considering inflationary pressures. For pipelines commissioned before December 2010, the tariff will be indexed to 75% of the basic …

The Government of India is strategically navigating a complex energy landscape, balancing the need for reliable power generation with its ambitious renewable energy targets. To meet the projected electricity demand of 283 GW by 2031-32, the government has outlined plans to augment coal-based capacity by an additional 80 GW, requiring a substantial investment of ₹6,67,200 …

The Indian automotive component industry demonstrated robust growth in the fiscal year ending March 31, 2024, with a turnover of ₹6.14 lakh crore, marking a 9.8% increase over the previous year. This growth was fueled by a combination of factors, including steady vehicle production, a thriving aftermarket, and increased exports. Domestically, component supply to original …

The Union Budget 2024, presented on July 23, 2024, has had a profound impact on foreign institutional investors (FIIs) in the Indian equity markets. Known for their significant influence on market dynamics, FIIs were initially aggressive buyers throughout the first half of July. However, the post-budget period has seen a sharp reversal, leading to a …

The Securities and Exchange Board of India (SEBI) is exploring the introduction of a new asset class targeted towards investors with higher risk tolerance and larger investible amounts. This initiative aims to create a regulated investment option that falls between traditional mutual funds and portfolio management services (PMS). Rationale Behind the New Asset Class Bridging …