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Category: Economy

Centre launches National GIS-enabled land bank system for 6 states to boost investments

Centre launches National GIS-enabled land bank system for 6 states to boost investments

EconomyIndia
NewsByts TeamAugust 27, 2020

Union Commerce and Industry Minister Piyush Goyal on Thursday (August 27) held a virtual meeting with the industry ministers of…

RBI hikes LTV limit on gold loans to mitigate impact of COVID-19

RBI hikes LTV limit on gold loans to mitigate impact of COVID-19

BusinessEconomyIndiaPersonal Finance
NewsByts TeamAugust 12, 2020

Announcing the bi-monthly Monetary Policy on August 6, the Reserve Bank of India noted that the disruptions caused by COVID-19…

Government may cut gratuity threshold from 5 to 1-3 yrs

Government may cut gratuity threshold from 5 to 1-3 yrs

EconomyPeoplePersonal Finance
NewsByts TeamAugust 10, 2020

The government is reportedly considering lowering gratuity threshold from existing 5 years of continuous employment to 1-3 years as shorter…

PM Modi launched the financing facility of Rs 1 lakh crore under the Agricultural Infrastructure Fund.

PM Modi launched the financing facility of Rs 1 lakh crore under the Agricultural Infrastructure Fund.

EconomyIndia
NewsByts TeamAugust 9, 2020

Prime Minister Narendra Modi on Sunday launched the financing facility of Rs 1 lakh crore under the Agriculture Infrastructure Fund…

India bans TikTok and 58 other Chinese apps

India bans TikTok and 58 other Chinese apps

BusinessEconomy
NewsByts TeamJune 30, 2020

The Government banned 59 Chinese mobile apps, including top social media platforms such as TikTok, Helo and WeChat to counter…

PM FME scheme launched; to generate total investment of Rs 35,000 crore, 9 lakh employment

PM FME scheme launched; to generate total investment of Rs 35,000 crore, 9 lakh employment

BusinessEconomy
NewsByts TeamJune 29, 2020

Government on Monday launched the PM Formalization of Micro Food Processing Enterprises (PM FME) scheme as a part of “Atmanirbhar…

For the first time, diesel costlier than petrol in Delhi as price hiked for 18th straight day

For the first time, diesel costlier than petrol in Delhi as price hiked for 18th straight day

BusinessDelhi & NCREconomyIndia
NewsByts TeamJune 24, 2020

For the first time in Delhi, diesel has become costlier than petrol as state-run oil companies raised price of diesel…

Fitch forecasts 9.5% growth for Indian economy in next fiscal, S&P retains sovereign rating

Fitch forecasts 9.5% growth for Indian economy in next fiscal, S&P retains sovereign rating

BusinessCOVID 19 NewsEconomy
NewsByts TeamJune 11, 2020

In a good news for India, Fitch Ratings said on Wednesday (June 10) that Indian economy would register a sharp…

Home loan to get cheaper as SBI to cut MCLR by 25 bps from June 10

Home loan to get cheaper as SBI to cut MCLR by 25 bps from June 10

BusinessEconomyPersonal Finance
NewsByts TeamJune 9, 2020

The country’s largest lender State Bank of India (SBI)  has announced that it will reduce marginal cost of fund based…

Consumer confidence collapses to historic low in May, says RBI survey

Consumer confidence collapses to historic low in May, says RBI survey

COVID 19 NewsEconomyFightagainstCoronaIndia
NewsByts TeamJune 5, 2020

A survey released by the Reserve Bank of India (RBI) has showed that consumer confidence has collapsed to historic low…

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