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Economy - Angel One

Cooking Gas Price Hiked by ₹50 for Ujjwala and General Customers

Cooking Gas Price Hiked by ₹50 for Ujjwala and General Customers

7 April 2025

In a move that directly impacts household budgets, the price of cooking gas has been increased by ₹50 per cylinder. The Union Petroleum Minister announced that the hike applies to both general category users and beneficiaries under the Ujjwala Yojana. With this, the price of a standard 14.2-kg LPG cylinder has gone up from ₹803 …

SEBI to Establish Agency for Claim Verification of Algo Providers, RA and IA

SEBI to Establish Agency for Claim Verification of Algo Providers, RA and IA

7 April 2025

The Securities and Exchange Board of India (SEBI) has introduced a new framework to verify the performance claims made by investment advisors, research analysts, and algorithmic trading platforms. This involves the creation of the Past Risk and Return Verification Agency (PaRRVA), which will be responsible for validating risk-return metrics used in advertisements and communications by …

Will You Be Affected by the New ₹2 Excise Duty Hike on Petrol and Diesel?

Will You Be Affected by the New ₹2 Excise Duty Hike on Petrol and Diesel?

7 April 2025

The Indian government recently announced a ₹2 per litre increase in Special Additional Excise Duty (SAED) on both petrol and diesel, effective from April 8. This move has sparked curiosity and concern among many, especially about whether the retail prices of petrol and diesel will rise. Let’s break it down in simple terms to understand …

The Central Government Confirms Retirement Age For Employees Is 60 Years

The Central Government Confirms Retirement Age For Employees Is 60 Years

5 February 2025

Amid widespread social media claims that the retirement age for central government employees has been raised to 62 years, government authorities have confirmed that no such change has been made. The Press Information Bureau (PIB) and Lok Sabha have both reiterated that there is no proposal under consideration to increase the retirement age beyond 60 …

Mental Health Insurance in India: Why Claims Remain Low Despite Rising Coverage

Mental Health Insurance in India: Why Claims Remain Low Despite Rising Coverage

7 April 2025

In India, health insurers are now required by regulation to offer mental health coverage on par with physical ailments. This mandate stems from the Mental Healthcare Act, 2017 and the subsequent IRDAI directive in 2018, which made it compulsory for all health insurance providers to include mental health in their policies. However, while the coverage …

What Does GTRI’s Report on Indian Exports Say About US Tariffs?

What Does GTRI’s Report on Indian Exports Say About US Tariffs?

7 April 2025

A recent GTRI report predicts a decline in India’s merchandise exports to the US in 2025. This decline is estimated at US$5.76 billion due to the imposition of higher tariffs by the Trump administration.  Impact on Key Sectors Several sectors will be significantly affected, as per the Global Trade Research Initiative report. These include gems …

When to Expect the One State-One RRB Scheme?

When to Expect the One State-One RRB Scheme?

7 April 2025

As per news reports, the ‘One State-One RRB’ plan is expected to be launched soon by India’s Finance Ministry. This plan aims to consolidate 43 Regional Rural Banks (RRBs) into 28. This will increase operational efficiency and reduce costs. Consolidation Details Most consolidation work is complete. The fourth round of mergers will happen soon. As …

Indian Idol 15 Winner Manasi Ghosh: How Much Tax Will She Pay on Her ₹25 Lakh Prize and Car?

Indian Idol 15 Winner Manasi Ghosh: How Much Tax Will She Pay on Her ₹25 Lakh Prize and Car?

7 April 2025

Manasi Ghosh, a talented singer from Kolkata, emerged victorious in the 15th season of the popular reality show Indian Idol. Her melodious voice, emotional connect, and consistent performances made her a fan favourite and earned her the winner’s trophy. With her win, she took home a cash prize of ₹25 lakh and a brand-new car, …

ITR Filings: What Does the Income Tax Department’s Latest Report Say?

ITR Filings: What Does the Income Tax Department’s Latest Report Say?

7 April 2025

The details of ITR filings released by the Income Tax department can shock you. As of March 31, 2025, 3.24 lakh individuals filed income tax returns (ITR) for over ₹1 crore! Of these, 2.97 lakh individuals reported incomes between ₹1 and ₹5 crore! ITR Filings By High-Income Earners The data shows 16,797 individuals filed ITRs …

Female Government Employees Can Nominate Children for Family Pension

Female Government Employees Can Nominate Children for Family Pension

7 April 2025

In a progressive move, the Department of Personnel and Training (DoPT) has issued an order allowing female government employees and pensioners to nominate their children for family pension, instead of their husband, under specific legal circumstances. This decision marks a significant step towards protecting the interests of women navigating marital disputes or facing domestic challenges. …

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