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- ECLGS 5.0: ₹100 Cr Loan For Small Biz | Gold Down ₹464, LPG Demand Drops
New Delhi1 hour ago
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Tomorrow The big news was related to ECLGS. The Union Cabinet has approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. With this, small industries will be able to take loans up to ₹100 crore and airline companies will be able to take loans up to ₹1500 crore.
At the same time, Iraq’s government oil company is giving a discount of up to $ 33.40 per barrel on its ‘Basra Medium’ crude. Currently its price is around $120 per barrel.
Before tomorrow’s big news, these are today’s headlines…
- There may be a rise in the stock market today.
- Vivo X300 FE and Vivo X300 Ultra smartphones will be launched
- There has been no change in the prices of petrol and diesel.
Now read tomorrow’s big news…
1. Unsecured loans up to ₹100 crore to small industries: Emergency Credit Line Guarantee Scheme extended for one year; Loan up to ₹1500 crore to the airline
The Union Cabinet has approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. Through this, small industries (MSMEs) will be able to take loans up to ₹100 crore and airline companies will be able to take loans up to ₹1500 crore.
This loan will be available without any guarantee. For this, the Government National Credit Guarantee Trustee Company Limited (NCGTC) will provide up to 100% credit guarantee cover to banks and financial institutions under this scheme.
Click here to read the full news…
2. Gold became cheaper by ₹ 464 today, at ₹ 1.48 lakh: Silver increased by ₹ 345 to ₹ 2.40 lakh, it became costlier by 10 thousand rupees this year.
There is a fall in the price of gold on 5th May (Tuesday). According to India Bullion and Jewelers Association (IBJA), 10 grams of 24 carat gold has fallen by Rs 464 to Rs 1.48 lakh. At the same time, one kg of silver has increased by Rs 345 to Rs 2.40 lakh.
Click here to read the full news…
3. Iraq is giving discount of up to 33 dollars on crude oil: Will have to pass through the Strait of Hormuz in the midst of war; Iraq included in India’s top 3 oil suppliers
Iraq’s government oil company is giving a discount of up to $ 33.40 per barrel on its ‘Basra Medium’ crude. Currently its price is around $120 per barrel. According to Bloomberg report, this discount is for those buyers who want to load oil in May.
However, to get this cheap oil, tankers will have to pass through the ‘Strait of Hormuz’, where a war-like situation is currently prevailing. Since the US-Iran war that began in late February, it has become almost impossible for oil tankers to pass through Hormuz. Click here to read the full news…
4. Birla becomes chairman of Vodafone-Idea: Government reduced AGR dues by 27%; Now ₹64,046 crore will have to be paid
The board of Vodafone-Idea (Vi) has appointed Kumar Mangalam Birla as non-executive chairman of the company. In the information given to the stock exchange on May 5, the company said that the current chairman Ravindra Takkar had expressed his desire to step down, which has been accepted. Ravindra Takkar will now remain on the board only in the role of non-executive director.
This appointment of Birla has come at a time when the company has received huge financial relief from the government. Recently, the Department of Telecom (DoT) has reduced the Adjusted Gross Revenue (AGR) dues of Vodafone-Idea by about Rs 20,000 crore. After this news, the company’s shares have increased by about 8%.
Click here to read the full news…
5. Demand for LPG decreased by 16% in April: Demand for jet fuel also decreased, impact of US-Israel and Iran war.
The demand for cooking gas (LPG) in India has declined in April. Due to the ongoing conflict and tension between America, Israel and Iran, the supply has been disrupted, which has had a direct impact on the Indian kitchen and commercial sector.
According to government data, LPG consumption declined by 16.16% to 2.2 million tonnes in April, whereas it was 2.62 million tonnes in the same month last year.
Click here to read the full news…
6. Strike of SBI employees on 25-26 May: Due to this, work may come to a standstill from 23 to 27 May, strike called for 16 demands
State Bank of India (SBI) employees may go on a two-day strike on 25th and 26th May. All India State Bank of India Staff Federation (AISBISF) has announced this nationwide strike for its 16 demands.
This strike has been called to protect the rights of the employees, ensure better working conditions and keeping in mind the interests of the customers.
Click here to read the full news…
Also see who were the top 10 richest people in the world yesterday…
Know the condition of tomorrow’s stock market and gold and silver…
Know the latest price of petrol, diesel and domestic gas cylinder…
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