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Economy - Angel One

How Much Gold Can We Legally Get From Dubai?

How Much Gold Can We Legally Get From Dubai?

12 March 2025

Dubai has long been a favourite shopping destination for Indians looking to buy gold. With lower making charges, no Goods and Services Tax (GST) on bullion and jewellery, and attractive prices, Dubai offers significant savings compared to India. However, bringing gold back to India is subject to strict rules and customs duties imposed by the …

Government Set to Receive Record ₹67,000 Crore Dividend from Non-Financial CPSEs

Government Set to Receive Record ₹67,000 Crore Dividend from Non-Financial CPSEs

12 March 2025

The Indian government is set to collect a record-breaking dividend of ₹67,000 crore from non-financial Central Public Sector Enterprises (CPSEs) in the current fiscal year (FY 24-25). This significant boost is driven by strong profitability in key state-run sectors, including petroleum, coal, and power. With dividend receipts already nearing ₹60,000 crore, the final figure is …

India’s Edible Oil Imports Hit 4-Year Low in February

India’s Edible Oil Imports Hit 4-Year Low in February

12 March 2025

India’s edible oil imports in February 2025 dropped to their lowest level in four years, primarily due to significant declines in soy oil and sunflower oil imports.  This has led to the lowest inventory levels in three years, according to the Solvent Extractors’ Association of India (SEA). Declining Imports and Inventory Shortfall For the second …

Govt Gets 73 Applications Under Second Round of PLI Scheme for Speciality Steel

Govt Gets 73 Applications Under Second Round of PLI Scheme for Speciality Steel

12 March 2025

New Delhi, Mar 12 (PTI): The government has received 73 applications under the second round of production linked incentive (PLI) scheme for specialty steel, Sandeep Poundrik, secretary in the Union steel ministry, said on Wednesday. The PLI schemes were launched as part of government’s efforts to increase production of special steel in India to make …

Trump’s 25% Tariffs on All Steel, Aluminium Imports Go Into Effect

Trump’s 25% Tariffs on All Steel, Aluminium Imports Go Into Effect

12 March 2025

Washington, Mar 12 (AP) President Donald Trump officially increased tariffs on all steel and aluminium imports to 25% on Wednesday, promising that the taxes would help create US factory jobs at a time when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown. Trump removed all exemptions from …

EU Says Its Countermeasures to Trump’s Tariffs Will Go Into Effect on April 1

EU Says Its Countermeasures to Trump’s Tariffs Will Go Into Effect on April 1

12 March 2025

Brussels, Mar 12 (AP) The European Union on Wednesday announced retaliatory trade action after the Trump administration officially increased tariffs on all steel and aluminum imports to 25%, with duties on industrial and agricultural products that will go into effect April 1. “As the US are applying tariffs worth 28 billion dollars, we are responding …

India’s Pharmaceutical Industry: A Snapshot of Growth

India’s Pharmaceutical Industry: A Snapshot of Growth

12 March 2025

India has firmly established itself as a global player in the pharmaceutical sector, ranking 11th globally in terms of export value in 2023, according to a secondary market research analysis by Bain & Company. The country accounted for an impressive 3% of the total pharmaceutical exports globally. The Central Drugs Standard Control Organisation (CDSCO) and …

India’s Fisheries Lose $2.2 Billion Annually Due to Wastewater Contamination

India’s Fisheries Lose $2.2 Billion Annually Due to Wastewater Contamination

12 March 2025

New Delhi, Mar 12 (PTI) India’s fishery sector loses over USD 2 billion due to untreated wastewater contaminating waterways, according to a study published on Wednesday. It also said the country suffers an annual economic loss of USD 246 million from diarrhoea caused by contaminated drinking water due to poor wastewater management. Launched at the …

UK Team Visits Kolkata to Assess EV Potential, FIDC Highlights Hurdles

UK Team Visits Kolkata to Assess EV Potential, FIDC Highlights Hurdles

12 March 2025

Kolkata, Mar 11 (PTI) A UK electric vehicles delegation, comprising six innovative SMEs specialising in fleet telematics, battery energy storage systems, AI, IoT-based cybersecurity and modular decentralized generators, visited Kolkata on Tuesday to explore opportunities in India. The delegation, facilitated by Connected Places Catapult and supported by Global Business Inroads (GBI) in association with the …

India’s Data Centre Growth: A Booming Industry Set for Explosive Expansion

India’s Data Centre Growth: A Booming Industry Set for Explosive Expansion

12 March 2025

India’s data centre (DC) industry is poised for significant growth over the next few years. According to ICRA, a prominent rating agency, the country’s data centre operational capacity is expected to surge from 1,150 megawatts (MW) in December 2024 to an impressive 2,000-2,100 MW by March 2027. This remarkable growth is being driven by the …

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