PM Internship Scheme 2025 Deadline Extended Again to April 22: How to Apply

The Ministry of Corporate Affairs (MCA) has once again extended the application deadline for the Prime Minister Internship Scheme (PMIS) 2025. The last date to apply is now April 22, 2025.
This follows earlier extensions, from the original closing date of March 12, it was moved to March 31, then April 15, and now further extended.

Scheme Overview

The PM Internship Scheme was launched on October 3, 2024, to offer internship opportunities in 500 companies across 25 sectors. It targets youth who are currently unemployed and not enrolled in full-time education, especially those from non-premier institutions.

As per the Union Budget 2025, the scheme has been allocated ₹800 crore.

Stipend and Benefits

Selected candidates will receive:

  • A monthly stipend of ₹5,000
    • ₹4,500 paid by the Government
    • ₹500 from the participating company
  • A one-time payment of ₹6,000

Eligibility Criteria

Applicants must:

  • Be Indian citizens
  • Be 21 to 24 years old as of the last date of application
  • Have no full-time job or full-time education enrollment
  • Have a family income of ₹8 lakh or less annually
  • Have no immediate family member in a permanent government job

Accepted educational qualifications:

  • 10th / 12th pass
  • Diploma from a Polytechnic Institute
  • ITI certificate holders
  • Graduates with degrees like BA, B.Sc, B.Com, BBA, BCA, B.Pharma from UGC/AICTE-recognised institutes
  • Distance or online learners are also eligible

Application Process

  1. Visit the official website of the PM Internship Scheme
  2. Register with your mobile number and verify via OTP
  3. Enter personal and educational details
  4. Upload Aadhaar and certificates
  5. Choose up to five internship options
  6. Submit and save the confirmation page

Conclusion 

The deadline extension gives candidates additional time to complete the process. Applicants are advised to regularly check the official website for updates.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

HDFC Arbitrage Fund – Wholesale Plan Declares Income Distribution

HDFC Mutual Fund has announced an income distribution of ₹0.50 per unit under the IDCW option (both regular and direct plans) of its HDFC Arbitrage Fund – Wholesale Plan. The record date for this payout is set for April 17, 2025.

Fund Basics

The HDFC Arbitrage Fund – Wholesale Plan is an open-ended scheme, launched on April 7, 2014. It operates with a low-risk classification and is benchmarked against the NIFTY 50 Arbitrage TRI. The scheme has reported a return of 6.44% since inception.

As of March 31, 2025, the fund’s assets under management (AUM) stood at ₹18,350 crore. The expense ratio is reported at 0.42%. The fund is managed by Anil Bamboli. Both the risk grade and return grade are marked as ‘average’ based on internal classifications.

Income Distributions

The most recent payout before this announcement was made on March 20, 2025, when the fund distributed ₹0.05 per unit under the IDCW plan. The new declared distribution of ₹0.50 marks a significant increase in comparison.

Minimum Investment and Withdrawal Terms

  • Minimum initial investment: ₹100
  • Minimum additional investment: ₹100
  • Minimum SIP amount: ₹100
  • Minimum withdrawal amount: ₹100
  • Minimum number of cheques: 6
  • Exit load: 0.25% if redeemed within 30 days
  • Lock-in period: Not applicable

Asset Allocation (as of March 31, 2025)

Asset Class Allocation (%)
Cash & Equivalents 73.12%
Debt 27.18%
Equity -0.31%

Conclusion

Investors holding units in the IDCW option as of April 17, 2025, will be eligible for the ₹0.50 per unit income distribution. No additional steps are required to receive the amount.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

RBI Second Among Global Gold Buyers as Reserves Hit $97 Billion

As of February 2025, the Reserve Bank of India (RBI) holds a total of 879 tonnes of gold, valued at approximately $97 billion. This valuation is based on the current market price of $3,300 per troy ounce—a historic high. The RBI’s aggressive accumulation of gold in recent years signals a strategic shift in reserve management. From 2017 onwards, India has been steadily increasing its gold holdings, reversing decades of relative inactivity.

Notably, the RBI emerged as the 2nd largest gold buyer among global central banks in 2024. It added 72.6 tonnes that year, followed by an additional 2.8 tonnes in just the first two months of 2025. This accumulation reflects a broader trend of hedging against global uncertainties.

Annual Gold Purchases by RBI: A Steady Climb

India’s central bank has been consistently adding to its gold reserves each year. Below is a snapshot of the RBI’s recent gold acquisitions:

Year Gold Added (Tonnes)
2021 77.5
2022 33.3
2023 16.2
2024 72.6
2025 (Jan–Feb) 2.8

The 2021 spike, followed by continued additions, highlights a calculated diversification of reserves, with gold seen as a safe-haven asset amidst increasing global volatility.

Central Banks Worldwide Ramp Up Gold Buying

India’s move aligns with a broader trend among central banks globally. For 3 consecutive years, 2022 to 2024, central banks collectively purchased over 1,000 tonnes of gold annually. The momentum has continued into 2025, with 44 tonnes added globally in just January and February.

Year Global Central Bank Gold Purchases (Tonnes)
2022 1082
2023 1037
2024 1045
2025 (Jan–Feb) 44

This continued accumulation suggests a shift in monetary policy approaches, with gold playing a larger role in reserve portfolios as institutions brace for economic and geopolitical risks.

Gold Prices Surge to Historic Levels

Gold prices have been on a relentless upward trajectory. In April 2025, the price per ounce touched $3,300, an all-time high. This marks a remarkable $1,000 increase in just one year, driven by rising demand and macroeconomic instability.

Date Gold Price ($ per Ounce)
April 2021 1,725
April 2022 1,920
April 2023 2,000
April 2024 2,350
April 2025 3,300

The annual gains have accelerated in recent years, 15% in 2023, 28% in 2024, and 25% so far in 2025. Such a rapid price rise is rare and indicative of strong tailwinds, including the weakening of the US Dollar Index, growing geopolitical strife, and looming fears of a tariff-led global recession.

Conclusion

The ongoing accumulation of gold by central banks, including the RBI, signals a longer-term strategic pivot. With rising inflationary pressures, geopolitical tensions, and uncertainty in traditional currency markets, gold is increasingly viewed as a hedge against volatility.

Although future actions will depend on evolving global dynamics, the consistent trends in both gold buying and price appreciation suggest that bullion will remain a focal point in central bank strategies for the near term.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Key Highlights of Maharashtra’s New Redevelopment Norms Around Mumbai Airport Funnel Zone

Redevelopment in Mumbai’s dense urban zones often runs into regulatory roadblocks, especially near aviation-sensitive areas like airports. In a significant step to address such issues, the Maharashtra Government’s Urban Development Department (UDD) has introduced key changes to promote redevelopment of old buildings located within the Mumbai Airport’s funnel zone, which includes neighbourhoods like Santacruz, Vile Parle, Kurla, and Andheri.

This area, located under the Chhatrapati Shivaji Maharaj International Airport’s flight path, has long been under development restrictions due to aviation safety protocols. However, a recent policy shift offers a much-needed boost to the redevelopment ambitions of property owners and developers.

According to a report, here are 4 important things to know about the relaxations under the revised policy:

What is a Funnel Zone and Why Does It Matter?

A funnel zone refers to the designated air corridor through which aircraft approach or take off from an airport. Much like traffic lanes for road vehicles, these zones are crucial for ensuring safe air navigation. Buildings in such zones face strict height restrictions, which often limit redevelopment efforts.

According to reports, any structure that may obstruct this air funnel poses a potential risk to aviation safety. Therefore, redevelopment in such areas has historically been difficult, but the Maharashtra government is now offering conditional relaxations.

1. Lower Premium Costs for Redevelopment Projects

The first major reform concerns the premium charges levied on real estate developers. The Maharashtra UDD has reduced these premiums specifically for:

  • Buildings that are over 30 years old

  • Structures that are up to 18 metres in height (approximately five storeys)

  • Projects located within the defined funnel zone

These changes have been incorporated through an amendment to the Development Control and Promotional Rules (DCPR) 2034, which now includes a new chapter exclusively for residents and developers in the funnel zone.

2. Unlocking FSI Value Through Transfer of Development Rights (TDR)

The policy introduces the option to generate and sell Transfer of Development Rights (TDR) when basic FSI (Floor Space Index) cannot be fully utilised due to height restrictions.

Key highlights include:

  • The basic FSI will remain 1 within the funnel zone.

  • If residents are unable to consume this due to aviation-related restrictions, they are eligible to generate TDR.

  • Builders applying for additional FSI will need to pay a premium of 60% of the base cost, thereby lowering their overall construction expenses.

This step allows builders and society members to recoup lost development potential by transferring it to other areas.

3. Criteria for Beneficiaries Under the Relaxed Rules

The relaxation policy is limited in scope and not open-ended. As per the notification:

  • Only existing societies that house owners or tenants are eligible.

  • The intent is to promote genuine redevelopment needs, not speculative constructions.

This targeted approach ensures that the policy benefits long-standing residents and communities seeking improved living conditions.

4. Redevelopment Approvals Subject to Individual Assessment

Although the policy introduces broad relaxations, it does not guarantee automatic approval. Instead:

  • Proposals for redevelopment must be submitted with proper documentation.

  • Applicants must provide justifications, including planning challenges or hardship due to height restrictions.

  • The approval will depend on the specifics of each case, evaluated by the competent authority.

This ensures that aviation safety remains uncompromised, while allowing flexibility for practical redevelopment in constrained urban areas.

Conclusion

The revised funnel zone policy by the Maharashtra government is a strategic move to balance safety with urban renewal. While the relaxations offer a pathway to rejuvenate ageing buildings near the Mumbai Airport, each project will still undergo rigorous scrutiny. This initiative could pave the way for more structured redevelopment models in other aviation-sensitive zones across India.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Can You Receive ₹2 Lakh in Cash Without Getting Noticed by the Tax Department?

In an era where digital transactions are rapidly becoming the norm, the Indian Income Tax Department has significantly tightened its watch over high-value cash dealings. Even a small oversight in accepting or paying cash beyond permissible limits could trigger a tax notice or penalty.

One of the key legal provisions regulating such transactions is Section 269ST of the Income Tax Act, which sets strict thresholds on cash receipts. Let’s understand the scope, applicability, and other legal provisions tied to high-value cash transactions.

What Is Section 269ST?

Section 269ST was introduced to curb the use of black money and promote transparency in financial transactions. This provision states that no individual or entity is allowed to receive ₹2 lakh or more in cash:

  • From a single person in a single day

  • For a single transaction, even if payments are made in parts

  • For transactions related to a single event or occasion, even if paid by multiple people

According to the report, violation of this section can lead to penalties equal to the amount received. For instance, if someone receives ₹5 lakh in cash in one day, they could be liable to pay an equal amount as a penalty if the transaction comes under scrutiny.

Are There Any Exceptions?

Yes, there are exceptions. Certain government-notified entities are excluded from the purview of Section 269ST. Also, this section does not apply to cash withdrawals from:

  • Scheduled banks

  • Post offices

Therefore, withdrawing more than ₹2 lakh from your bank account will not violate this section. However, caution must still be exercised when dealing with others in cash.

Other Relevant Sections Governing Cash Transactions

The Income Tax Act includes several other provisions that govern both cash receipts and payments:

Section 269SS

This section prohibits accepting loans, deposits or specified sums of ₹20,000 or more in cash from any individual. Violating this rule may result in a penalty equivalent to the amount received.

Section 269T

It restricts the repayment of loans or deposits in cash if the amount is ₹20,000 or more. Similar penalties apply for any breach.

Sections 40A(3) and 43

These sections relate to cash payments made by businesses. If a business pays more than ₹10,000 in cash to a single person in one day (or ₹35,000 in case of transporters), the expense may be disallowed for tax deduction purposes.

When Do These Rules Apply?

To summarise, the ₹2 lakh cash receipt limit under Section 269ST applies in the following three cases:

  1. Receiving more than ₹2 lakh in cash from one person in a day

  2. Receiving more than ₹2 lakh in relation to a single transaction, even if broken into parts

  3. Receiving more than ₹2 lakh across multiple transactions that are related to one event or occasion

These rules are applicable to all individuals, Hindu Undivided Families (HUFs), firms, companies, and other entities unless specifically exempted.

Why Should You Be Cautious?

The Income Tax Department relies on reporting from various sources such as banks, registrar offices, and auditors to flag suspicious cash transactions. Large cash dealings might attract scrutiny even if done with honest intent, especially if they are not reported properly or do not align with the declared income.

Using banking channels like NEFT, RTGS, UPI, or cheque ensures a proper audit trail and transparency. Though not legally enforced in all situations, opting for digital payments is a safer approach in light of the growing digitisation and strict monitoring by authorities.

Conclusion

In a landscape where financial transparency is increasingly prioritised, staying within legal boundaries is essential. Section 269ST serves as a reminder that cash transactions are no longer the norm, and exceeding the prescribed limit of ₹2 lakh in a day could lead to severe consequences.

Being aware of the rules and making informed choices can save you from unnecessary legal troubles and penalties. Remember, while cash might be convenient, compliance is crucial.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

How the Income Tax Department Is Using AI to Track High-Value Transactions and and Issuing Notices

The Indian Income Tax Department has significantly enhanced its surveillance capabilities, leveraging Artificial Intelligence (AI) and data analytics to monitor high-value financial transactions and thereby issue notices. This shift is part of a broader initiative to curb tax evasion and ensure that income disclosures match financial behaviour.

From large investments to property purchases and credit card spends, AI systems are now keeping a close watch. This transformation reflects the department’s focus on improving tax compliance through advanced technology, according to a report. 

What Is the Statement of Financial Transaction (SFT)?

Under current regulations, various financial institutions — including banks, mutual fund houses, and property registrars — are mandated to submit a Statement of Financial Transaction (SFT) to the Income Tax Department annually.

This report captures key high-value transactions, such as:

  • Cash deposits or withdrawals above a threshold, 
  • Large investments in mutual funds or stocks, 
  • High-value credit card payments, 
  • Real estate purchases or sales.

AI for Pattern Detection and Risk-Based Assessments

AI tools are being deployed to compare an individual’s current and past ITRs. The system looks for significant variations in income declared, deductions claimed, and sources of income. If any abnormal patterns or discrepancies are detected, the case may be flagged for further scrutiny.

This data-driven approach allows the tax authorities to carry out risk-based assessments, making the process more efficient and transparent. It also minimises human bias, ensuring a more consistent approach to identifying potential tax evasion.

Faceless, Automated, and More Accurate Tax Scrutiny

The traditional face-to-face assessments are steadily being replaced by faceless evaluations, where the entire scrutiny is conducted online. AI plays a key role in:

  • Selecting cases for assessment, 
  • Analysing taxpayer behaviour over time, 
  • Enhancing the fairness and accuracy of the process. 

This move to faceless assessments, combined with AI’s analytical power, marks a substantial shift towards a more equitable and efficient tax environment.

The Digital Expansion: Social Media and Virtual Spaces Under Watch

The upcoming Income Tax Bill, expected to come into effect from 2026, will further expand the department’s digital reach. If tax evasion is suspected through online means, authorities may:

  • Access emails, cloud storage, and digital wallets, 
  • Scrutinise social media activity, 
  • Review interactions on online trading or investment platforms. 

As per Section 247 of the proposed legislation, even password-protected information could be examined if deemed necessary. The law also introduces the concept of “virtual digital space”, broadening the scope of permissible investigation.

Caution: The Key to Staying Compliant

With technology leading the charge, maintaining compliance is now more critical than ever. Taxpayers are expected to:

  • Maintain accurate and transparent financial records, 
  • Be mindful of their digital footprint, 
  • Avoid discrepancies in declared income and actual expenses. 

The tax ecosystem is now being described as predictive, preventive, and precision-based, meaning AI can anticipate, prevent, and pinpoint anomalies more effectively than ever before.

Conclusion

While this advancement signals a move towards a more efficient and fair tax system, it also places greater responsibility on taxpayers to remain vigilant. The fusion of AI and tax governance marks a new chapter — one where every digital move could be under the scanner.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

TATA IPL 2025: Pitch Report: Analyzing Market Conditions Before Making Investment Decisions

No captains make crucial decisions before looking at the pitch in the TATA IPL 2025. The pitch report helps them decide whether to bat first or chase, determine the type of bowling attack to deploy, and even optimise the team selection. 

A dry, cracked pitch may favour spinners, while a green surface aids fast bowlers. Ignoring these factors can lead to disastrous performance, no matter how talented the players are.

Similarly, in the stock market, analysing market conditions before making investment decisions is critical. Investors and traders must assess economic trends, market sentiment, and factors impacting sectoral performance before investing their hard earned capital.. 

Understand Market Conditions: Read the Pitch Before Calling the Shots

A batsman doesn’t go for expansive drives without first gauging how the surface of the pitch is behaving. If the ball is keeping low, playing on the back foot might be risky. If there’s swing on offer, hitting an aggressive stroke across the line can result in an edge to the slips.

Similarly, the stock market presents different conditions. It is sometimes bullish, sometimes bearish, and often unpredictable. A sudden market development, interest rate hike, geopolitical tension, or unexpected corporate earnings can alter the market’s trajectory. Without understanding these factors, even the most well-planned investments can falter.

Investors need a reliable and credible source of information that gives them a detailed report of the financial pitch they play on. AngelOne’s Pre Market Insights serves as this much needed pitch report for investors. It provides a window into global and domestic market trends, key economic indicators, and crucial stock movements before the market opens. 

This enables traders to adjust their strategies, just as captains tweak their game plan after inspecting the pitch conditions on the match day.

Read More Tata IPL 2025: T20 vs. Test Match: Short-Term Trading vs. Long-Term Investing.

Bat First or Chase? Market Trends and Investment Strategies

In cricket, winning the toss doesn’t always mean batting first. Captains assess the pitch, weather, and opposition before finalising their strategy.

Similarly, investors must evaluate whether to take a proactive approach – that is invest in an IPO (i.e. bat first),, or read through the performance of a company and react (that is, chase) by buying stocks of a listed company. 

Bullish Market: Flat Batting Tracks, Ideal for Stroke Play

When markets are in a strong uptrend, much like a batting-friendly pitch with no demons, investors can take advantage of rising stock prices. 

This is the time to make bold but calculated moves. That is, securing quality stocks, building on momentum, and ensuring that your sector allocation aligns with market trends.

Here, Research Recommendations from Angel One play a vital role. They provide well-analyzed stock suggestions based on market conditions, fundamental strength, and technical trends, helping investors make informed choices. 

Just like a good coach guiding batsmen on which shots to play, these recommendations help traders and investors position themselves optimally.

Bearish Market: Tough Batting Conditions Call For Caution

When markets are volatile or showing downward trends, playing defensively is wise. A Test batsman on a seaming track knows the importance of leaving deliveries outside the off-stump. 

Similarly, investors should focus on capital preservation, review their portfolios, and consider safer asset classes.

Sideways Market: Turning Pitches Requires Smart Play

Markets that lack clear direction can be tricky, much like a deteriorating Day 4 pitch in a Test match. The key here is adaptability—investors should look for specific sectors or stocks that offer better clarity, rather than taking broad market positions.

In such scenarios, it is important to filter out stocks that have strong fundamentals despite overall market uncertainty.

Sector Selection: Spin or Pace?

A captain doesn’t just look at overall conditions but also considers how different bowlers will perform on a particular pitch. 

On a spinning track, deploying a fast bowler for long spells might not be the best idea. Similarly, investors must assess sector performance before making investment decisions.

AngelOne’s Research Recommendations highlight key trends for you – for instance, whether IT stocks are rallying due to strong global earnings, or whether metal stocks are under pressure due to falling commodity prices. 

By analyzing sector trends, investors can allocate their capital wisely—favoring sectors that align with current market conditions.

Managing Risks: Avoid the Traps of an Unpredictable Pitch

No matter how well a batsman plays, unexpected bouncers and turning deliveries can challenge their technique. Likewise, even the best investments come with risks in the form of an unpredictable pitch. Adopt these approaches to mitigate risks:

  • Diversification: Just as captains don’t rely on a single spinner or fast bowler for a particular pitch, investors should not concentrate their portfolios in one sector. Diversification reduces exposure to unexpected downturns.
  • Stop-Loss Strategy: Traders should have a defined exit strategy, much like a captain who knows how to counterattack when the pitch unexpectedly changes.
  • Review Strategies: Market conditions change, and so should investment strategies. AngelOne’s Research Recommendations help investors re-evaluate their holdings based on new trends.

Final Words

A successful team never ignores pitch conditions, and a smart investor never ignores market trends. Whether you are an aggressive player looking for quick wins or a long-term investor focused on building wealth, understanding market conditions is the foundation of smart decision-making.

With Pre Market Insights acting as a daily pitch report and Research Recommendations offering expert-backed investment strategies, AngelOne equips investors with the right tools to navigate market conditions effectively.

So before stepping onto the financial pitch, take a moment to assess the conditions, plan your strategy, and play your innings wisely. Because in both cricket and investing, the right preparation can mean the difference between a match-winning performance and an early dismissal.

Disclaimer: This blog has been written exclusively for educational purposes. http://bit.ly/usSGoH

A Closer Look at Angel One’s ‘Trade on Index’ Tool

Options trading can often involve navigating multiple tabs, comparing charts, and trying to place trades before the premiums move. These steps can make the process time-consuming and prone to error.

To help address this, Angel One introduces ‘Trade on Index’—a feature that enables you to manage index options trades directly from the index chart interface, bringing key functionalities into one screen.

What is ‘Trade on Index’?

‘Trade on Index’ is a functionality available on Angel One Web that allows you to place and manage index option orders (Nifty or Sensex) directly from the chart.

The goal is to reduce friction in the trading process by combining charting and execution tools in one interface.

How Does ‘Trade on Index’ Support a Unified Trading Experience?

Analyze & Trade on One Screen – Eliminates the need to switch between index and options charts.

Breakeven Line Visualisation – Helps you track your Call/Put trades directly from the chart.

One-Click Execution – Execute Buy/Sell orders with fewer steps.

Quick Order Adjustments – Modify lot sizes, set limit prices, and input Stop Loss or Target levels through a simple interface.

Monitor Real-Time P&L – View position metrics from the same screen, with no extra navigation.

Note: These features are intended to improve usability. They do not imply profitability or performance assurance.

Who Might Benefit from This Feature?

  • Traders looking for a streamlined interface with fewer distractions.
  • Users who prefer visual trade management tools embedded within charts.
  • Those seeking speed and efficiency in index option trading setups.

Getting Started with ‘Trade on Index’

  • Log in to your Angel One Web account.
  • Open the Nifty or Sensex chart.
  • Click on the ‘Trade on Index’ feature to begin managing your trades from one screen.

Angel One’s ‘Trade on Index’ feature eliminates unnecessary steps, so you can focus on what really matters—making better trades, faster.

Explore the feature and trade more efficiently—with better visibility and less clutter.

Disclaimer: Investments in securities markets are subject to market risks. Read all related documents carefully before investing. This blog is for educational purposes only. Past performance or illustrative charts are not indicative of future results.

From Health to Cyber Insurance: GeM Facilitates Coverage for 1.3 Crore People in FY 2024–25

The Government e Marketplace (GeM), India’s premier online procurement platform for public sector buyers, has achieved a notable milestone in the financial year 2024–25. It successfully enabled the insurance of over 1.3 crore individuals, in addition to facilitating the hiring of 1 million manpower resources. This feat underscores GeM’s evolution from a procurement portal to a comprehensive platform delivering diverse government services.

Insurance Services Launched to Foster Transparency

GeM introduced its Insurance Services category in January 2022, aiming to streamline the public procurement of insurance policies. By ensuring that only IRDAI-approved insurance providers are onboarded, the platform has built a transparent and efficient procurement mechanism for government bodies.

Buyers can now directly procure various group insurance products, including Health, Personal Accident, and Term Insurance policies, delivering financial protection to a large pool of public sector employees and beneficiaries.

Milestone Reflects Growing Government Trust

Commenting on the achievement, Shri Ajay Bhadoo, CEO of GeM, stated “GeM remains committed to continuously enhancing its platform to provide seamless, secure and cost-effective procurement solutions. The milestone of 1.3 crore insured persons reflects the growing confidence of government organisations in leveraging GeM for their insurance needs, reaffirming its role as a transformative force in public procurement.”

Cost-Effective and Direct Procurement

One of the standout features of GeM’s insurance offering is its direct-to-insurer model, which removes intermediaries from the procurement chain. This direct approach not only speeds up the transaction process but also contributes to lower insurance premiums, thus creating significant cost savings for government institutions.

Broadened Coverage: From Livestock to Cyber Insurance

While initially focused on life and health coverage, GeM has progressively expanded its insurance offerings. Today, the platform provides access to a comprehensive range of insurance products, including:

  • Asset Insurance

  • Transit and Marine Insurance

  • Liability Insurance

  • Livestock Insurance

  • Motor Insurance

  • Crop Insurance

  • Cyber Insurance

This broad spectrum of coverage ensures that government buyers can address a variety of insurance needs through a single, unified and transparent platform.

Conclusion

GeM’s success in facilitating insurance for over 1.3 crore individuals in a single financial year marks a significant achievement in digital governance. By making insurance services more accessible, cost-effective and transparent, the platform is not only delivering value to public sector entities but also contributing to the larger vision of financial inclusion and efficient service delivery.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Why Did Lupin and Zydus Share Price Decline Sharply?

Lupin Ltd. and Zydus Lifesciences Ltd., 2 leading Indian pharmaceutical companies, faced a major legal setback in the United States concerning their generic versions of Mirabegron. Mirabegron is the generic formulation of Myrbetriq, a drug developed by Astellas Pharma to treat overactive bladder (OAB) and neurogenic detrusor overactivity (NDO) in paediatric patients.

Astellas Pharma filed a lawsuit against both companies, alleging that their generic offerings infringed on the patent rights protecting Myrbetriq, specifically Patent 780.

As of 1:54 PM, Lupin share price was down by 3.6%, and Zydus Lifesciences share price had plunged over 6.5%. 

Court Ruling: A Victory for the Innovator

Following a bench trial, the US Federal Court ruled in favour of Astellas, upholding the validity of the contested patent. This judgment effectively prevents Lupin and Zydus from marketing or selling their versions of Mirabegron in the US market until the patent expires or is otherwise invalidated.

The ruling is considered a critical win for Astellas, reinforcing its market exclusivity over the drug. For Lupin and Zydus, however, the verdict represents a significant blow, as they may now be compelled to halt sales and potentially withdraw existing inventory from distribution.

Financial Implications for Indian Drugmakers

According to the report, the financial stakes were notable. Zydus Lifesciences was estimated to be generating around $35 million in quarterly revenue from its Mirabegron sales in the United States. Similarly, Lupin’s quarterly revenue from the product was believed to be in the range of $25–30 million.

The loss of these revenues, coupled with potential financial penalties or litigation costs, could impact the near-term financial performance of both companies.

Timeline of Events and Regulatory Context

Lupin had entered the US market with its generic Mirabegron following approval from the US Food and Drug Administration (USFDA). However, this launch occurred before the resolution of Astellas’ patent lawsuit. The recent court ruling supersedes the USFDA approval, highlighting that regulatory clearance does not nullify ongoing patent protections.

Both Lupin and Zydus had already introduced the 25 mg dosage of Mirabegron and were preparing to roll out the 50 mg dosage before the legal proceedings halted further expansion.

About Myrbetriq and Its Market Significance

Myrbetriq is a widely prescribed treatment for overactive bladder, a condition marked by symptoms such as frequent or urgent urination and urinary incontinence. It also has approval for treating neurogenic detrusor overactivity in children.

Developed and marketed by Astellas Pharma Global Development, Myrbetriq holds a strong position in the urology pharmaceutical segment, and its exclusivity in the US is a substantial source of revenue for the innovator.

Conclusion

The court’s decision in favour of Astellas has broader implications for the generic pharmaceutical landscape. It underscores the importance of patent law in shaping market access for generics, regardless of regulatory approval.

While this ruling marks a pause in the Mirabegron competition for now, it also reiterates the complex relationship between innovation protection and generic entry in the pharmaceutical industry.

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