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Economy - Angel One

ICRA Warning: Risk of Profit Dip for Banks Amid Proposed Deposit Insurance Changes

ICRA Warning: Risk of Profit Dip for Banks Amid Proposed Deposit Insurance Changes

6 March 2025

ICRA, a rating agency, stated on March 5, 2025, that raising the deposit insurance limit could reduce banks’ net profits by up to ₹12,000 crore annually. This would result in a potential dip of up to 4 basis points (bps) in the return on assets (RoA) and up to 40 bps in the return on …

India’s Housing Finance Market is Expected to Reach ₹81 Trillion by FY30

India’s Housing Finance Market is Expected to Reach ₹81 Trillion by FY30

6 March 2025

The Indian housing finance market, currently valued at ~₹33 trillion, is expected to expand at a compound annual growth rate (CAGR) of 15-16% between FY25 and FY30, reaching ₹77-81 trillion. According to CareEdge Ratings, this growth will be driven by robust structural factors and government incentives, making housing finance an attractive asset class for lenders. …

India’s Social Security Coverage Doubles to 48.8%: Minister

India’s Social Security Coverage Doubles to 48.8%: Minister

6 March 2025

New Delhi, March 6 (IANS) Social security coverage in India has doubled from 24.4 per cent to 48.8 per cent, said Union Minister for Labour and Employment and Youth Affairs and Sports Mansukh Mandaviya. Addressing the post-budget webinar on the theme ‘Investing in People’, Mandaviya outlined the government’s mission to skill and empower India’s youth, …

Jammu and Kashmir Economy Expected to Grow at 7.06% in 2024-25

Jammu and Kashmir Economy Expected to Grow at 7.06% in 2024-25

6 March 2025

Jammu, Mar 6 (PTI) The economy of Jammu and Kashmir is projected to grow at 7.06 per cent in real terms, while the nominal Gross State Domestic Product (GSDP) is expected to rise by 11.19 per cent in 2024-25, according to the Economic Survey Report (ESR) for 2025. The report said that J&K has shown …

Deep Tech Innovations to Help India Reach $10 Trillion Economy Goal

Deep Tech Innovations to Help India Reach $10 Trillion Economy Goal

6 March 2025

Bengaluru, March 6 (IANS) As the nation moves towards becoming a $10 trillion economy, India is undergoing a structural shift from a software-led technology ecosystem to one driven by deep-tech innovations, a report said on Thursday. The government-backed initiatives such as the Rs 10,000 crore ‘Fund of Funds’, India’s Semiconductor Mission (ISM), and the National …

Union Cabinet Approves ₹3,880 Crore Livestock Health and Disease Control Programme

Union Cabinet Approves ₹3,880 Crore Livestock Health and Disease Control Programme

6 March 2025

The Union Cabinet on Wednesday approved the revision of the Livestock Health and Disease Control Programme (LHDCP) with an outlay of ₹3,880 crore for two years. The scheme aims to enhance the animal health sector through comprehensive vaccination programs, capacity building, disease surveillance, and the strengthening of veterinary infrastructure. Key Components of LHDCP The revised …

‘Trumpcession’ Hits Hard: Is Your Portfolio at Risk?

‘Trumpcession’ Hits Hard: Is Your Portfolio at Risk?

6 March 2025

A new term is making headlines in financial circles—Trumpcession. It refers to a potential U.S. recession linked to Donald Trump’s economic policies, and recent data suggests it may already be unfolding. As markets react to the latest economic indicators, investors worldwide are bracing for potential turbulence. The Atlanta Fed’s GDPNow model, a widely respected real-time …

How to Calculate 8th Pay Commission Salary?

How to Calculate 8th Pay Commission Salary?

5 March 2025

With the announcement of the 8th Pay Commission, Central government employees are eager to understand how their salaries will change post-implementation. The commission, approved by Prime Minister Narendra Modi, is expected to be constituted by 2026, aligning with the conclusion of the 7th Pay Commission’s term. While specific financial details are yet to be disclosed, …

Brookfield Announces Sale Of 1.6 GW Of Renewable Assets To Gentari

Brookfield Announces Sale Of 1.6 GW Of Renewable Assets To Gentari

5 March 2025

New Delhi, Mar 5 (PTI) New York-based asset management firm Brookfield on Wednesday announced the sale of 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India for an undisclosed sum of money. The sale will be structured in two phases, Brookfield Asset Management Ltd said in a statement. “The first …

India’s Millionaire Population Rises by 6% in 2024; Billionaires Reach 191, Says Knight Frank Report

India’s Millionaire Population Rises by 6% in 2024; Billionaires Reach 191, Says Knight Frank Report

5 March 2025

New Delhi, Mar 5 (PTI) Number of Indian high-net-worth individuals (HNWIs), those having assets more than USD 10 million, rose 6 per cent last year to 85,698, according to Knight Frank. Global property consultant Knight Frank on Wednesday released its ‘The Wealth Report 2025’, which estimated the HNWI population in India at 85,698 in 2024, …

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