Banks are collating these suggestions from grassroots employees, refining them and are likely to handover the suggestions to the government in the first week of September.
Public sector banks are likely to make a pitch to the government for allowing farmers borrow afresh even before clearing their previous loans, a step that would help them to de-stress and gain access to bank funds seamlessly even during natural calamities.
Mumbai-Kolhapur Mahalaxmi Express, with 2000 passengers onboard, halted due to incessant rains on Saturday morning, informed the Central Railways. Efforts to rescue to stranded passengers is underway. Teams of NRDF, Indian Navy and Indian Air Force has been pressed into action.
Initially, authorities planned to airlift the passengers to safety. However, the operations were hampered due to incessant rains.
NEW DELHI: India is eyeing a mega revamp of its regional rural banks (RRBs) and the plan includes consolidation of these lenders for better operational efficiencies in line with the government's big rural focus.
The plan that the finance ministry is drawing up also envisages RRBs adopting differentiated banking strategies, such as targeting specific sectors, for a strong regional connect.
The Maharashtra CM-led nine member committee has deliberated upon ways to incentivise states to fully implement the major reforms.
The high-powered committee of chief ministers on transformation of agriculture on Thursday said it is mulling over linking the central grants to states to bring about reforms in agriculture as the government strives to transform agriculture in the country to help double farmers’ income by 2022.
Zero-budget farming is being promoted in several areas as a low-cost, natural alternative to prevalent practices of heavy use of chemical fertilisers and pesticides.
The government has asked the Indian Council of Agricultural Research (ICAR), India’s top farm research institution, to conduct a study on the efficacy zero budget farming (ZBF) results before its nationwide rollout. NITI Aayog member and agricultural economics and policy expert Ramesh Chand told ET reports were expected in two to three months.
The Union government on Wednesday signed off on several new initiatives to create the next category of beneficiaries modelled after its electorally favourable Ujjwala scheme.
The cabinet gave its approval to the construction and improvement of 125,000km of rural roads with an investment of over ₹80,000 crore that will connect villages with schools, colleges, agricultural markets and hospitals.
To probe the allegations of irregularities in utilisation of MGNREGA funds in various development works in this Assembly constituency during the last one year, a Central team, led by Dharmvir Jha, Director, MGNREGA, reached here this evening.
India stands at an interesting juncture today. With a stable government in place, a relatively fast-growing economy and a demographic dividend to potentially benefit from over the next several years, the tailwinds aiding the economy are many. Having said this, global growth uncertainty, escalating trade wars, delayed monsoons and growth related concerns in critical sectors are some of the headwinds that can create challenges for the economy.
Area sown under kharif crops was down by 27 per cent at 234.33 lakh hectare amid deficient monsoon rainfall last month, according to the latest government data.
However, the sowing operation is expected to pick-up in the coming days as the Indian Metereological Department (IMD) has projected good rains in July and August. Besides, the government has announced significant hike in the minimum support price of 14 notified kharif crops.
The paradox in India's farm sector is noticeable only when one reads through the following two statements carefully:
a. Over 50 percent of Indians depend on Agriculture for their livelihood