Indian Economy - Angel One - Page 457

The dividend that the Reserve Bank of India (RBI) transfers to the Central government in FY25 will likely be in the same range as the last fiscal (FY24), The projected dividend for the Central Government from Public Sector Banks (PSBs) in FY2025 is anticipated to exceed the previous fiscal year’s dividend. This increase stems from …

Amidst the ongoing buzz of the 2024 general elections in India, let us look into the economic landscape of Telangana, the country’s youngest state, established in June 2014. Telangana is set to vote for all 17 Lok Sabha seats in a single phase on May 13, marking the fourth phase of the national polls. Telangana …

CRISIL, a credit rating company, reported that India’s domestic airlines are projected to boost their share of handling international passenger traffic originating from the country to 50% by FY2027-28, up from the approximately 43% recorded in March 2024. Indian airlines seem set to lead the improvement by increasing their fleet size, opening up new international …

The Reserve Bank of India (RBI) has instructed banks and non-banking financial companies (NBFCs) to promptly review their practices to guarantee fairness and transparency in the interest rates applied to customers. This directive follows the detection of various cases where loans were subject to excessive interest charges. The RBI highlighted in its circular that, during …

The secretary of mines  V. L. Kantha Rao informed on Monday that the auction of critical mineral blocks is gaining momentum. The government will put on sale around 20 critical mineral blocks in the fourth round of auction by the end of June. He further said that the process for seven blocks put on sale …

Every year on May 1st, Maharashtra Day, also called Maharashtra Diwas, is observed to mark the state’s creation in 1960 when it was split off from the former Bombay State. On May 1, 1960, the Bombay State was divided between the linguistic states of Maharashtra and Gujarat, leading to the creation of the state of …

UPI Volume Growth Trends Unified Payments Interface (UPI) continues its upward trajectory, showcasing remarkable growth in transaction volume over the past months. According to data, UPI transactions surged from 8,038.59 million in January 2023 to a staggering 13,440 million in March 2024. This consistent rise underscores the increasing popularity and adoption of UPI as the …

The Gati Shakti scheme was introduced to connect infrastructure projects, lower logistics costs, enhance connectivity, and boost job creation. The project has significantly improved Indian Railways’ revenue. The Gati Shakti Cargo Terminal serves commercial needs like freight transport.  Gati Shakti Scheme The central government aimed to establish 100 Gati Shakti Terminals within a five-year timeframe …

The Reserve Bank of India (RBI) has highlighted the potential impact of heatwaves on inflation in its recent reports. According to this, the prolonged heat waves could pose a risk to inflation by directly impacting agricultural production and pushing up food prices. Additionally, geopolitical tensions could also contribute to inflationary pressure by affecting commodity prices, …

The Reserve Bank of India has instructed the regulated non-bank Payment System Operators (PSOs) to monitor and report suspicious or high-value transactions due to the ongoing Lok Sabha elections, aiming to prevent misuse of e-fund transfers for voter influence or indirect funding of candidates. RBI seeks to enhance transparency and curb illegal financial activities, especially …