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Economy - Angel One

India’s Coal Imports Rose 1.65% to the April-January Period of FY24

India’s Coal Imports Rose 1.65% to the April-January Period of FY24

21 March 2024

India’s growing energy needs have pushed coal imports up in the April-January period of FY 2023-24. As per media reports, India imported 212.24 million tonnes (MT) of coal, reflecting a marginal increase of 1.65% compared to the same period last year. This rise in imports comes despite a positive trend in domestic coal production. Provisional …

The Economic Impact of Holi on Local Businesses

The Economic Impact of Holi on Local Businesses

21 March 2024

As the vibrant festival of Holi approaches, the air is not just filled with colourful powders but also a palpable sense of excitement and anticipation among revellers and the business community alike.  Holi, known as the festival of colours, signifies the triumph of good over evil, welcoming the spring season with open hearts and vivid …

NHAI Achieves Record-Breaking Rs 16,000 Crore Through Third InvIT Round

NHAI Achieves Record-Breaking Rs 16,000 Crore Through Third InvIT Round

20 March 2024

NHAI’s Mega Fundraise via InvIT The National Highways Authority of India (NHAI) successfully concluded the largest ever monetization exercise in the Indian road sector by raising a massive Rs 16,000 crore through its National Highways Infra Trust (NHIT) in the third round. This accomplishment marks a significant milestone for the NHIT, established in 2021 to …

Direct Tax Collection Witnessed a Growth of ~19.88% in FY24

Direct Tax Collection Witnessed a Growth of ~19.88% in FY24

20 March 2024

On March 19, 2024, the Ministry of Finance announced the provisional figures of Direct Tax collections for the FY 2023-24 (as of March 17, 2024). The net collections for the period stood at ₹18,90,259 crore as compared to ₹15,76,776 crore in FY 2022- 2023, reflecting a growth of 19.88%. The net direct tax collection includes …

Indian Insurance Sector: ~₹54,000 Crore FDI Inflow in 9 Years

Indian Insurance Sector: ~₹54,000 Crore FDI Inflow in 9 Years

19 March 2024

In the last 9 years, the insurance sector has received close to ₹54,000 crore as Foreign Direct Investment (FDI) on the back of additional liberalisation of overseas capital flow norms by the government. FDI Inflow in the Indian Insurance Sector Financial Services Secretary Vivek Joshi stated that the Indian government has increased the permissible FDI …

Overview of India’s Trade Performance in February 2024

Overview of India’s Trade Performance in February 2024

18 March 2024

In February 2024, India’s exports, including merchandise and services, were estimated to be USD 73.55 billion, exhibiting a positive growth of 14.20% over February 2023. In February 2024, the total imports were estimated to be USD 75.50 billion, displaying a growth of 10.13% compared to February 2023. Trade During February 2024 February 2024 (USD billion) …

Indian Railways Set to Create History in Term of Freight Business in FY 2023- 2024

Indian Railways Set to Create History in Term of Freight Business in FY 2023- 2024

18 March 2024

On March 15, 2024, the Ministry of Railways made an auspicious announcement, heralding a new peak for Indian Railways in terms of its freight business, total revenue, and track laying for the fiscal year 2023-2024. This proclamation marks a significant milestone in the annals of the nation’s railway history. As of the date mentioned above, …

India Sets Out to Enhance Economic Data and Conduct New Census

India Sets Out to Enhance Economic Data and Conduct New Census

15 March 2024

Government Initiatives to Enhance Data Quality The Indian government is embarking on several measures to upgrade the quality of its economic data, as revealed by sources familiar with the matter. These proposals, discussed within Prime Minister Narendra Modi’s office, include reviving the business survey, last conducted in 2014, and publishing the household consumption survey annually. …

Indian Government’s New Scheme for Electric Two and Three-Wheelers

Indian Government’s New Scheme for Electric Two and Three-Wheelers

14 March 2024

On March 13, 2024, the central government announced a new scheme to promote the sale of electric two and three-wheelers. New Scheme For Electric Two and Three Wheelers  On Wednesday, Heavy Industries Minister Mahendra Nath Pandey announced that ₹500 crore is being allocated for the Electric Mobility Promotion Scheme (EMPS), 2024. This scheme is valid …

Inflation in February 2024 Stayed Within RBI’s Tolerance Range

Inflation in February 2024 Stayed Within RBI’s Tolerance Range

13 March 2024

On March 12, 2024, the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) released India’s inflation data for February 2024, which brought some relief to the nation. The Consumer Price Index (CPI) inflation fell to 5.09%. This marks a decline from 5.10% in January and is under the tolerance range of 2% …

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