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Economy - Angel One

RBI Tightens Unsecured Loans: What It Means for Healthcare Financing

RBI Tightens Unsecured Loans: What It Means for Healthcare Financing

24 February 2025

The Reserve Bank of India (RBI) has tightened rules on unsecured loans due to increasing defaults. Fitch Ratings has warned about financial stress in personal loans and credit card debt. However, experts argue that healthcare loans need a different regulatory approach. Concerns Over Rising Defaults A recent Fitch report highlights growing risks in unsecured lending. …

RBI Proposes Removal of Prepayment Penalties on Floating Rate Loans

RBI Proposes Removal of Prepayment Penalties on Floating Rate Loans

24 February 2025

The Reserve Bank of India (RBI) has proposed new guidelines to eliminate prepayment penalties and foreclosure charges on floating-rate loans. The draft guidelines, released on Friday, invite public feedback until March 21, 2025. Once finalised, the new rules will apply to loans closed after the specified date in the final circular. Who Will Be Affected? …

RBI Bulletin: India to the Fastest-Growing Economy in 2025-2026

RBI Bulletin: India to the Fastest-Growing Economy in 2025-2026

21 February 2025

India’s economy is expected to remain the fastest-growing major economy in 2025-26, with GDP growth projections of 6.5% (IMF) and 6.7% (World Bank), according to the latest RBI bulletin. Despite global uncertainties, indicators suggest that economic activity picked up in the second half of 2024-25, and this momentum is likely to continue, as per the …

Prime Minister Internship Scheme Round 2 Launched: Check How to Apply?

Prime Minister Internship Scheme Round 2 Launched: Check How to Apply?

21 February 2025

On February 20, 2025, the government relaunched the Prime Minister Internship Scheme (PMIS) with the introduction of Round 2 in its pilot phase. After receiving over 6,00,000 applications in Round 1, Round 2 offers more than 100,000 internship opportunities in leading companies across over 730 districts in India. What is Prime Minister Internship Scheme? The …

RBI Report: Union Budget Strikes Balance Between Fiscal Discipline and Growth

RBI Report: Union Budget Strikes Balance Between Fiscal Discipline and Growth

20 February 2025

The Reserve Bank of India (RBI) staff has released a report stating that the Union Budget 2025-26 (FY26) effectively balances fiscal consolidation and economic growth. The Budget sets a fiscal deficit target of 4.4% of GDP, lower than the revised estimate of 4.8% for FY25. This aligns with the government’s goal of keeping the deficit …

Rajasthan Budget 2025-26: Key Announcements on Jobs, Power, and Infrastructure

Rajasthan Budget 2025-26: Key Announcements on Jobs, Power, and Infrastructure

20 February 2025

Rajasthan Deputy Chief Minister and Finance Minister Diya Kumari presented the state budget for 2025-26, introducing major initiatives to boost employment, infrastructure, and electricity access. The government aims to improve connectivity, support farmers, and enhance basic amenities across the state. Power Sector: Free Electricity and New Connections The government will provide 5 lakh new domestic …

8th Pay Commission Explained: Fitment Factor, Salary Hike and Key Updates

8th Pay Commission Explained: Fitment Factor, Salary Hike and Key Updates

20 February 2025

The Central government has confirmed the formation of the 8th Pay Commission, bringing hopes of a salary increase for its employees. Union Minister Ashwini Vaishnaw announced that Prime Minister Narendra Modi has approved the commission’s establishment. While the exact financial impact is yet to be disclosed, the commission is expected to be set up by …

Improving Economic Insights: MoSPI Announces Key Changes to Economic Data Releases

Improving Economic Insights: MoSPI Announces Key Changes to Economic Data Releases

20 February 2025

The Ministry of Statistics and Programme Implementation (MoSPI) is poised to improve the frequency and timeliness of key economic data, introducing a private sector capital expenditure (capex) survey, monthly labour force reports, and a revised schedule for factory output data starting in FY26. Change in Timeline of Key Economic Data From April 2025, the Index …

Who Will Head the 8th Pay Commission?

Who Will Head the 8th Pay Commission?

20 February 2025

With the 8th Pay Commission appointment on the horizon, curiosity is growing over who will be chosen as its chairman and members. The Pay Commission, a government-appointed body, is responsible for reviewing and revising the salary structures of central government employees, defence personnel, public sector workers, and pensioners. These revisions take into account inflation, economic …

EPFO Board to Meet on February 28 Likely to Review Interest Rate for Provident Fund Deposits

EPFO Board to Meet on February 28 Likely to Review Interest Rate for Provident Fund Deposits

15 February 2025

The EPFO Board is set to meet on February 28 likely to discuss and finalise the interest rate for provident fund deposits for the 2024-25 financial year. The rate is likely to remain close to 8.25%, despite increased claims and returns, as per news reports. EPFO Set to Decide 2024-25 Interest Rate The Employees’ Provident …

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