FY 2024-25 News

The country's GDP growth rate surged to 7.4 per cent in the fourth quarter (January-March period) of FY 2024-25. It was 6.2 per cent in the third quarter of FY 25. 

EPFO added 14.58 lakh net members in March, and an increase of 1.15% in net payroll additions compared to March 2024.  

In FY25, IIFCL sanctioned a record Rs 51,124 crore and disbursed Rs 28,501 crore, marking year-on-year (YoY) growth of around 21 per cent and 28 per cent respectively. 

Coal India’s revenue from operations for the quarter under review, however, slipped 1 per cent year-on-year to Rs 37,824.54 crore against Rs 38,213.48 crore in Q4FY24.  

The NHAI said last month that its arm, National Highways Infra Trust (NHIT), has successfully completed its fourth round of fundraising, securing an enterprise value of approximately Rs 18,380 crore. 

EPF Interest Rate History: EPFO is likely to increase the auto-settlement of advance claims (ASAC) limit, raising it five times from Rs 1 lakh to Rs 5 lakh. EPFO has retained the provident fund interest rate (8.25%) for the FY 2024-25. The Employees' Provident Fund was established with the enactment of the Employees' Provident Funds Ordinance on November 15, 1951, which was later replaced by the Employees' Provident Funds Act, 1952. Let's have a quick look on the history of the employees' provident fund interest rates.  

The median round size in Bengaluru was $2 million. Mumbai entrepreneurs also saw significant funding, with $102 million raised, but with a higher median round size of $5 million. 

The GDP growth accelerated to 6.2 per cent in the third quarter (October-December) of 2024-25, up from a revised figure of 5.6 per cent in the second quarter of the financial year.  

Budget 2024: India's Finance Minister Nirmala Sitharaman is set to present the first budget of the BJP-led NDA government in its third consecutive term. This will be the full budget for the financial year 2024-25, following the Interim Budget she tabled in February ahead of the 2024 Lok Sabha elections.