Rupee Volatility Set to Increase
Your daily bite of business & market news 🗞️
🗞️ 7.83 Crore Enterprises Registered on Udyam Platforms
Over 7.83 crore enterprises have registered on Udyam platforms, highlighting strong MSME formalisation in India.
The surge reflects increasing participation of small businesses in the formal economy.
💬 Expert Take — “Formalisation of MSMEs is a long-term structural positive, improving credit access and tax compliance across the ecosystem.”
🗞️ Rural Digital Push Drives $32B in Payments
India’s rural digital transformation is accelerating, with eGramSwaraj recording $32.45 billion in online payments.
The growth underscores deepening digital penetration in rural governance and transactions.
🗞️ Skill Development Programme Benefits 18 Lakh Participants
The government’s Entrepreneurship and Skill Development Programme has benefited over 18 lakh participants in the past five years.
The initiative aims to boost employability and entrepreneurial capabilities across India.
🗞️ Govt Clears $0.77B Electronics Manufacturing Proposals
The government has approved 29 investment proposals worth $0.77 billion under the electronics manufacturing scheme.
The move strengthens India’s position in global electronics supply chains.
🗞️ JFE Invests $0.85B in JSW Steel Kalinga
Japan’s JFE Holdings will invest $0.85 billion in JSW Steel Kalinga, acquiring a 25% stake.
The investment highlights growing global interest in India’s steel sector.
💬 Expert Take — “Strategic foreign investments in core sectors like steel indicate confidence in India’s long-term industrial growth.”
🗞️ GST Collections Rise 8.2% to ₹1.78 Lakh Crore
India’s GST collections rose 8.2% to ₹1.78 lakh crore in March.
The increase reflects steady economic activity and improved tax compliance.
🗞️ Rupee Market Faces Rising Volatility
The rupee market is expected to see increased volatility amid global uncertainties and currency pressures.
Fluctuations in forex markets could impact inflation and capital flows.
📊 Market Update
📈 Sensex: 73,134.32 ▲ 1,186.77 pts (+1.65%)
📈 Nifty 50: 22,679.40 ▲ 348.00 pts (+1.56%)
🪙 Gold (per gram): 24K ₹15,295 ▲ ₹344 | 22K ₹14,020 ▲ ₹315
🥈 Silver (per kg): ₹2,55,000 ▲ ₹5,000