Finance News HFCs above Rs 100 cr allowed to use to SARFAESI law by Finance Ministry The Housing finance companies (HFCs) with asset size of over Rs. 100 crore would be able to recover dues using SARFAESI law. This move by the Ministry of Finance would facilitate quick recovery of Read more…
National News ‘MukhyaMantri Udyami Yojana’ launched by Bihar government Bihar CM launched two schemes named ‘Mukhya Mantri Yuva Udyaymi Yojna’ and ‘Mukhya Mantri Mahila Udyami Yojana. Both aim to promote entrepreneurship among youth and women under ‘Mukhaya Mantri Udyami Yojana’ scheme. The schemes were promised by the CM during the Read more…
Finance News Digital lending platform ‘IndusEasy Credit’ launched by IndusInd Bank IndusInd Bank launched a digital lending platform that enables customers to meet their financial requirements from their homes. Both existing and non-IndusInd Bank customers could instantly avail personal loans or credit cards on a single platform digitally. A first Read more…
National News ‘Yuva Shakti Corona Mukti Abhiyan’ launched by Government of MP The Government of MP launched ‘Yuva Shakti Corona Mukti Abhiyan’ to spread awareness about the COVID-19 pandemic. It translates to free from Corona with the help of the youth power campaign. Students in colleges would be given information Read more…
National News Deep Ocean Mission of Ministry of Earth Sciences approved by Cabinet The Union Cabinet chaired by PM Modi approved the implementation of the ‘Deep Ocean Mission’. The Deep Ocean Mission aims to support the Blue Economy Initiatives of the Government of India. Ministry of Earth Sciences (MoES) will Read more…
Finance News Record high of 12.94% on wholesale inflation in May The wholesale price-based inflation shot up to 12.94% in May, due to rising prices of crude oil and manufactured goods. In May 2020, WPI inflation was at (-) 3.37%, while in April, WPI inflation hit 10.49%. The annual rate Read more…
International News Israel’s new Prime Minister: Naftali Bennett Naftali Bennett, former Defence Minister of Israel, and leader of the Yamina party took oath as the PM of the country. The 49-year-old former tech entrepreneur will replace Benjamin Netanyahu, who was forced out of office after 12 years. Bennett will lead Read more…
India and the World 4th largest forex reserves holder: India and Russia RBI’s data revealed that the foreign exchange reserves of India crossed the $600 billion mark for the first time. The Forex reserve of India increased by USD 6.842 billion to $605.008 billion in the week ended June 04, Read more…
International News Presidential election won by Ex-Mongolian PM Khurelsukh Former Mongolian PM became the nation’s sixth democratically elected president consolidating the power of the ruling MPP. With 99.7% of votes counted overnight, Khurelsukh’s tally reached 68% of the total, the largest share of the vote since 1990. Khurelsukh replaced Khaltmaa Read more…
International News Bitcoin Investment Gains in 2020 topped by the US With a profit of $4.1 billion, according to the latest report by Chainalysis, the US topped Bitcoin Investment Gains in 2020. Chinese traders stood second with a profit of $1.1 billion. India was ranked 18 with a profit of Read more…