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Economy - Angel One

India to Impose 12% Safeguard Duty on Steel Imports

India to Impose 12% Safeguard Duty on Steel Imports

20 March 2025

The Directorate General of Trade Remedies (DGTR), under the commerce ministry, has recommended a 12% provisional safeguard duty on certain steel products. This step aims to protect the domestic steel industry from cheap imports. The final decision will be made by the finance ministry. In its notification, the DGTR stated that the situation is urgent …

RBI Governor Urges Urban Cooperative Banks to Strengthen Depositor Confidence

RBI Governor Urges Urban Cooperative Banks to Strengthen Depositor Confidence

20 March 2025

The Reserve Bank of India (RBI) Governor, Sanjay Malhotra, has advised urban cooperative banks (UCBs) to focus on rebuilding depositor confidence, improving customer service, and strengthening resilience against IT and cyber risks.  His remarks came during a meeting with UCB representatives and industry bodies, where the RBI reaffirmed its support for the sector while emphasising …

RBI Data: Net FDI Slips to US$1.4 Billion in Apr-Jan 2025; Gross FDI Surges by 12.4%

RBI Data: Net FDI Slips to US$1.4 Billion in Apr-Jan 2025; Gross FDI Surges by 12.4%

20 March 2025

Net foreign direct investment (FDI) inflows in India have declined substantially. In FY 2023-24, net FDI inflows were nearly US$11.5 billion driven by higher repatriation and outward FDI. However, It fell to US$1.4 billion in April-January 2025. As per the Reserve Bank of India (RBI), gross FDI has remained high. During FY 2023-24, gross FDI …

RBI Appoints Indranil Bhattacharyya as Executive Director

RBI Appoints Indranil Bhattacharyya as Executive Director

20 March 2025

Mumbai, Mar 20 (PTI) The Reserve Bank of India (RBI) on Thursday said it has appointed Indranil Bhattacharyya as executive director (ED). As executive director, Bhattacharyya will look after the Department of Economic and Policy Research, the RBI said in a statement. The appointment is effective from March 19. Prior to his promotion as ED, …

Bank of England Set to Keep Main UK Rate Unchanged at 4.50% Despite Gloomy Economic News

Bank of England Set to Keep Main UK Rate Unchanged at 4.50% Despite Gloomy Economic News

20 March 2025

London, Mar 20 (AP) The Bank of England is set to keep UK interest rates unchanged Thursday even though the economy is barely growing and set for further uncertainty in light of the tariff policies being enacted by the Trump administration in the US. The nine-member Monetary Policy Committee is expected to keep the bank’s …

India’s ‘AI for All’ Mantra Backed by Concrete Action: Commerce and IT MoS Jitin Prasada

India’s ‘AI for All’ Mantra Backed by Concrete Action: Commerce and IT MoS Jitin Prasada

20 March 2025

New Delhi, Mar 20 (PTI) India’s ‘AI for All’ mantra is backed by concrete action with the country leading in AI skill penetration and talent concentration, Union Minister Jitin Prasada said on Thursday as he urged industry leaders to prioritise research and development (R&D) to capitalise on India’s position as a global skill capital. Prasada, …

Gold Prices Soaring New High: Check Key Reasons Behind Surge

Gold Prices Soaring New High: Check Key Reasons Behind Surge

20 March 2025

On March 20, 2025, Gold prices continued their rally for a 3rd consecutive day, reaching new record highs in major Indian cities. This surge followed the US Federal Reserve’s decision to keep interest rates unchanged, as expected while signalling the possibility of two rate cuts by the end of the year. As of 12:00 PM, …

India’s Motorcycle Parts Exports See Strong Growth: Fueled by PLI Scheme

India’s Motorcycle Parts Exports See Strong Growth: Fueled by PLI Scheme

20 March 2025

Over the past three years, India has experienced growth in motorcycle parts exports, driven by government initiatives such as the Production-Linked Incentive (PLI) scheme. This program has bolstered domestic manufacturing and enhanced the sector’s global presence. Period Exports (₹ Crore) Exports (US$ Million) YOY (%) April-January FY22 4,833.27 US$ 558.05 – April-January FY25 6,142.55 US$ …

Startup Mahakumbh 2025: Top 5 Things to Know About India’s Biggest Start-up Event

Startup Mahakumbh 2025: Top 5 Things to Know About India’s Biggest Start-up Event

20 March 2025

As India solidifies its position as a global startup powerhouse, the much-anticipated Startup Mahakumbh 2025 is poised to become a landmark event in the country’s entrepreneurial journey. Scheduled to take place from April 3 to 5, 2025, at the iconic Bharat Mandapam in New Delhi, the event will bring together 3,000+ exhibiting startups, 1,000+ investors, …

India’s Growing Solar Manufacturing Capacity: Positive Future for the RE Sector

India’s Growing Solar Manufacturing Capacity: Positive Future for the RE Sector

20 March 2025

In recent years, India has made significant strides toward enhancing its solar manufacturing capabilities, thanks to a combination of expanding domestic production and proactive government measures. These developments have contributed to a positive shift in India’s solar landscape, positioning the nation as a key player in the global renewable energy sector. Progress in Domestic Solar …

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