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Economy - Angel One

PNGRB Increases Tariffs for Petroleum Product Pipelines

PNGRB Increases Tariffs for Petroleum Product Pipelines

29 July 2024

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 …

Coal-based Power Capacity Requires Substantial Investment of ₹6.67 lakh Crore

Coal-based Power Capacity Requires Substantial Investment of ₹6.67 lakh Crore

29 July 2024

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 …

India’s Auto Component Industry Thrives, Registers 9.8% Growth in FY24

India’s Auto Component Industry Thrives, Registers 9.8% Growth in FY24

29 July 2024

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 …

FIIs on a Selling Spree: Rs 10,712 Crore in 3 Days Post Budget 2024!

FIIs on a Selling Spree: Rs 10,712 Crore in 3 Days Post Budget 2024!

26 July 2024

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 …

Government Commits Significant Investment in Northeast Rail Infrastructure

Government Commits Significant Investment in Northeast Rail Infrastructure

25 July 2024

Union Railway Minister Ashwini Vaishnaw announced a substantial budget allocation of ₹14,183.69 crore for the Northeast Frontier Railway (NFR) in the FY 2024-25 Union Budget. This represents a five-fold increase compared to the average allocation during the 2009-14 period, underscoring the government’s commitment to developing the region’s railway infrastructure. The overall railway budget has witnessed …

Government Prioritises Power Sector with Increased Investment for State-Owned Companies

Government Prioritises Power Sector with Increased Investment for State-Owned Companies

24 July 2024

The Indian government signalled its continued focus on bolstering the nation’s power sector by approving a nearly 14% increase in capital investment for eight state-owned power companies. Announced in the Union Budget 2024 presented on Tuesday, this move aligns with the figures outlined in the interim budget earlier in 2024. Strategic Investment Breakdown Total Allocation: …

Coal Ministry Forges Collaboration to Fuel India’s Growth Engine

Coal Ministry Forges Collaboration to Fuel India’s Growth Engine

24 July 2024

Embracing the Prime Minister’s vision of “Working with the nation as a whole,” the Ministry of Coal is spearheading a collaborative effort to ensure a stable and affordable coal supply for India’s economic engine. Working alongside the Ministries of Railways and Power, along with other stakeholders, the initiative prioritises coal delivery at set prices for …

2024 Budget Guide: What India’s Government Has in Store – A Comprehensive View

2024 Budget Guide: What India’s Government Has in Store – A Comprehensive View

22 July 2024

In recent years, India has demonstrated a concerted effort to manage its fiscal deficit, a crucial indicator of economic health. The fiscal deficit, which measures the shortfall between the government’s revenue and expenditure, has seen significant fluctuations, particularly influenced by the COVID-19 pandemic. From March 2014 to March 2019, India’s fiscal deficit as a percentage …

RBI Emphasizes 4% Inflation Target Despite Economic Acceleration

RBI Emphasizes 4% Inflation Target Despite Economic Acceleration

19 July 2024

As the second quarter of FY25 unfolds with signs of economic momentum, the Reserve Bank of India (RBI) has underscored the importance of staying on the straight and narrow path of aligning inflation with the 4% target. This prudent approach aims to ensure long-term stability, avoiding the pitfalls of placing more value on present gains …

SEBI Proposes New Asset Class to Bridge Gap Between Mutual Funds and PMS

SEBI Proposes New Asset Class to Bridge Gap Between Mutual Funds and PMS

18 July 2024

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 …

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