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Tag: Economy news

  • Adani debunks GDP rhetoric

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    Bureau India
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    (Riya Singh, Intern Journalist): Billionaire Gautam Adani has debunked the narrow fixation on GDP numbers, saying fundamentals are intact and India will be the second-largest economy by 2050 and has an edge over global peers in terms of business opportunities. Speaking at the JP Morgan India Summit – Future in Focus, the Adani Group chairman…

  • Expiry date of sweets from October 1

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    Bureau India
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    (Pooja Dubey, Intern Journalist) Now the time limit for the use of open sweets sold in the market will be given to the traders. For how long it will be good to use, its time limit will have to be given to the consumers. The food regulator has made it mandatory. Food regulator FSSAI, as part of…

  • Zomato preps an IPO menu with fresh funds

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    Rishitha Jaladi
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    (Rishitha Jaladi, Intern Journalist)Gurugram: Online food requesting firm Zomato is outfitting to open up to the world by mid-2021 in what could check a defining moment for Indian unicorns even as they hold on to turn beneficial. If the Gurugram-based startup pulls off the accomplishment, it will join any semblance of MakeMyTrip, which recorded on…

  • Economic impact of coronavirus

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    Bureau India
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    (Pooja Dubey, Intern Journalist) The production of the 8 most prominent industries of the country registered a decline of 9.6 percent in July. These eight industries are called the core sectors of the country. These 8 industries are coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity. The core sector declined due to a…

  • Attempts to revive the economy!

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    Bureau India
    in

    (Pooja Dubey, Intern Journalist) The Reserve Bank of India has expanded the rules for Priority Sector Lending. This will help start-ups and the renewable energy sector. Under the new rules, start-ups will now get loans of up to 50 crores. At the same time, the loan limit for the solar plant and biogas for the farmers has been…

  • Vodafone Idea will raise funds of Rs 25,000 crore

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    Bureau India
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    (Pooja Dubey, Intern Journalist) Telecom service provider Vodafone Idea Ltd said on Friday that its board of directors has approved a plan to raise funds up to Rs 25,000 crore (about $ 3.41 billion at the current exchange rate). In its fundraising plan, the company has also mentioned issuing unsecured and/or secured non-convertible debentures up…

  • Oyo extended his employees

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    Bureau India
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    (Pooja Dubey, Intern Journalist) The business of hotel companies has been badly affected due to difficulties in the hotel sector due to the Corona crisis. In such a situation, the hotel company Oyo has decided to extend the leave of its employees sent on leave from May to 28 February 2021 for the next 6 months. They…

  • World’s Kitchen: India supplies more food to the world

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    Rishitha Jaladi
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    (Rishitha Jaladi, Intern Journalist)Delhi: As the financial system comes to a standstill amid the coronavirus-led lockdown, India’s agriculture zone has taken the baton of monetary increase in its hands. The exports of agricultural commodities from March to June 2020 shot up with the aid of 23.24 percent on-year to Rs 25,552.7 crores, under the Ministry…

  • Time for Gramodaya

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    Rishitha Jaladi
    in

    (Rishitha Jaladi, Intern Journalist)Delhi: India’s per capita GDP in rural areas has grown for 6.2% on account that 2000. The agricultural region has proven a staggering boom of 5.9% in Q4 2020. CRISIL’s forecast states agricultural region will depict a 2.5% increase in 2020-21 as towards India contracting at 4.2%. The elements beneficial for the…

  • India’s road to economic revival

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    Rishitha Jaladi
    in

    (Rishitha Jaladi, Intern Journalist)Delhi: As India’s financial boom struggles to regain momentum, sector-specific efforts throughout 9 key sectors can assist the united states of America to jump closer to revival. Unlocking frictions in 9 core sectors and the MSME segment, which makeup seventy-five percent of the pre-pandemic GDP, over the subsequent three years and can drastically…