The Central bank changes its policy stance from 'calibrated tightening' to 'neutral'
The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided to reduce the key policy rate or the repo rate by 25 bps to 6.25% in the last bimonthly policy review of 2018-19 while changing the policy stance to 'neutral' from 'calibrated tightening'.
The rate cut is in line with expectations as retail inflation grew by 2.2% in December its slowest in the last 18 months.
NEW DELHI: The Union Home Ministry has launched a massive recruitment drive to fill 76,578 vacancies, including 7,646 posts for women, in Central Armed Police Forces (CAPFs). In a statement, the home ministry said out of these vacancies, 54,953 posts are for the constable cadre and they will be hired through the Staff Selection Commission (SSC). Out of the 54,953 posts of constables, the CRPF has the maximum 21,566 vacancies, followed by the BSF (16,984 posts), the SSB (8,546 posts), the ITBP (4,126 posts) and the Assam Rifles (3,076 posts) and the remaining being in the CISF and other CAP
Final two instalments under crop loan waiver soon: YanamalaThe State government on Tuesday announced a new scheme for the welfare of the farmers.In his vote-on-account speech, Finance Minister Yanamala Ramakrishnudu said he was allocating Rs. 5,000 crore to ‘Annadata Sukhibhava’ for this financial year.Under the crop loan waiver scheme (‘Annadata Ki Apatbandavudu’), the Finance Minister said farmers’ loan of Rs.
Hyderabad: Annapurna Finance raised INR. 137Cr as primary equity investment from Asian Development Bank (ADB) which will allow the MFI to expand it’s micro-finance portfolio by extending micro-credits to women members of Joint Liability Groups (JLGs). Along with this primary another INR 75 crore of secondary round also happened where existing investors of the company OIJIF, Oikocredit and Bamboo Finance bought shares from early stage investors Incofin Investment and SIDBI Venture capital’s Samriddhi fund.
The government has increased the proposed investment in 17 enterprises under the shipping ministry to Rs 5,778 crore for 2019-20 in order to boost the 'blue economy'. The estimated investment in these enterprises that include 12 major ports is Rs 5,548.12 crore in 2018-19, according to the revised numbers in the recent budget document. The government had proposed an investment of Rs 5,079.80 crore in the Budget for 2018-19.
The Centre will transfer Rs 6,000 every year to small and marginal farmers in a new Rs 75,000-crore scheme that aims to address unrest among cultivators who have suffered due to adverse weather and weak prices.
The funds will be transferred directly into the bank accounts of the beneficiary farmers in three instalments of Rs 2,000 each, starting retrospectively from December 1.
The first instalment would be paid in the weeks ahead and the second may be due around the time of the elections.
New Delhi: Months after traces of polio type 2 virus were found in some batches of oral polio vaccine (OPV) manufactured domestically, the health department has postponed the polio national immunisation day campaign.
Rural is on top of India’s agenda. Farmers are vigorously demanding strong government support to battle severe economic hardship at a time when politicians across parties are wooing them for votes.
Low prices of grains and vegetables, rising input costs, poor irrigation, along with drought and floods, have impoverished many farmers, although some have gained from improved yields and higher official procurement price.
To begin with, there has to be social and political cohesion permitting institutions to function and people to interact in a predictable, secure environment. This rules out violent identity politics, lynch mobs with political backing as well as political patronage of values and conduct that vitiate the spirit of liberty and democracy upheld by the Constitution.
The government is considering raising the minimum selling price of sugar, television news channel ET Now reported on Friday.
Prime Minister Narendra Modi's office was directly examining the proposal, ET Now said quoting sources.
The move is likely to help farmers, who are struggling to export their surplus due to fall in global prices and a strengthening rupee.