Centre will likely announce direct benefit transfer (DBT) worth Rs 4,000 per acre per season plus interest-free crop loan up to Rs 1 lakh per farmer in an instant two-fold relief to the farmers, sources in the know told BusinessToday.In. The initiatives will cost the Centre Rs 2 lakh crore towards DBT and another Rs 28,000-30,000 crore towards interest subvention, adding up to nearly Rs 2.3 lakh crore on an annual basis. At least the Rs 70,000 fertiliser subsidy scheme will be subsumed into the scheme to make it possible.
Wheat output in India, worlds’ second largest producer after China, is likely to increase in the current Rabi season as farmers looks to bring more area under the cereal crop in the key producing states. The sowing this season has progressed earlier than the last year in most states including Uttar Pradesh, Punjab, Haryana and Rajasthan, a trend usually seen favourable for yield of wheat.
In a country where bank loans worth Rs 10 lakh crore qualify to be categorised as bad, the wave of competitive populism in bailing out farmers is building further stress for lenders. From the largest State Bank of India to the most valuable HDFC Bank -- all have their share of repayment woes, sown in the rural hinterland.
Outlining the future roadmap of Goods and Service Tax, Finance Minister Arun Jaitley Monday said that the country is moving towards a single standard rate instead of the current 12 per cent and 18 per cent tax slab. In a Facebook post titled ‘Eighteen Months of GST’, Jaitley said 28 per cent tax slab would soon phase out except for luxury or sin goods and that the standard rate could be a mid-point between 12 and 18 per cent.
Hyderabad, Dec 21 (PTI): Lawmakers from 15 states underwent a four-day training programme here on critical issues like climate change and disaster management in the rural ecosystem, the National Institute of Rural Development and Panchayati Raj said Friday.
More than 56 MLAs and MLCs from 15 states, including Kanwar Pal Gujjar, Speaker of Haryana Legislative Assembly, took part in the programme, the institute said.
The government on Thursday sought Parliament’s approval for supplementary grants worth Rs 41,000 crore to infuse fresh capital into ailing state-run banks in the current fiscal.
Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) is the flagship placement linked skill-training programme under the Ministry of Rural Development (MoRD).There are several challenges that are preventing India’s rural poor from competing such as the lack of formal education and employability skills. DDU-GKY bridges this gap by funding training projects with an emphasis on placement, retention, career progression and foreign placement.
Dehradun: The Centre has given an in-principle approval to include pine leaf collection under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Earlier, the state government had proposed producing electricity and biofuel from pine needles, which contribute to devastating forest fires in the state every year.
The scheme would be run under cooperative banks and provide employment to people in rural areas, officials said.
As many as 17,590 girls in the age group of 11 to 14 years have been mainstreamed back to school since April, Minister of State for Women and Child Development Ministry Virendra Kumar told the Lok Sabha on Friday.
"In 2018-19, as reported by states/UTs, 17,590 girls have been mainstreamed to schools," he said.
An inter-ministerial panel set up to review e-governance services through common services centres (CSCs) is expected to submit its report in a month. The panel, chaired by Electronics and IT Secretary Ajay Prakash Sawhney, has deliberated on enabling registration for all central and state government jobs, voter registration, PAN generation, sale of e-stamps, digitisation of government records etc through CSCs that operate in rural areas.