-The Economic Times NEW DELHI: The government will have a brand new set of employment numbers to flash before the next general elections in 2019, which will highlight job creation. Under the first of its kind massive survey, which starts on the first week of April, the government wants to track employment generation in micro, small and medium enterprises that are currently out of the coverage of the social security net. The survey...
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States allowed to set up crop insurance firms to execute PMFBY
-PTI The Centre has allowed states to set up their own insurance Companies for implementing Pradhan Mantri Fasal Bima Yojana (PMFBY), a senior Agriculture Ministry official said today. The move comes after several requests from states as well as observations made by Comptroller and Auditor General (CAG) in its 2017 report that old crop insurances schemes which have now been merged with PMFBY, were poorly implemented during 2011-2016. "We have allowed the states...
More »Diesel price hits all-time high, petrol prices highest in over 4 years -Sumant Banerji
-BusinessToday.in Prices of diesel hit an all-time high of Rs 64.40 per litre in Delhi, while petrol prices were at Rs 73.55, highest in over four years. The last time petrol prices were higher was in September 2013 when it was Rs 76.06 per litre in the city. In a bid to bring in transparency in pricing of fuels, the government had changed the fortnightly revision of prices to a daily routine...
More »Corporates make 73% of public sector bank bad loans -Sunny Verma
-The Indian Express The Finance Ministry directed smaller PSBs to cut their corporate loan exposure to 25 per cent of their risk-weighted assets over the medium term and focus more on retail lending. Corporate loans corner the lion’s share of rising bad loans in public sector banks while retail loans have a far superior track record when it comes to timely repayment, according to the latest available Reserve Bank of India...
More »Telangana, farmers' union make a pitch for non-Bt cotton seeds -KV Kurmanath
-The Hindu Business Line Urge growers to stay away from illegal Bt3 seeds Hyderabad: With the kharif season fast approaching, the Telangana government and farmers’ union have launched independent campaigns to discourage people from illegal bio-tech cotton seeds or Roundup Ready Flex seeds. The third generation seed technology developed by Monsanto gives cotton plants protection against glyphosate, which is sprayed to kill the weed. Though the technology doesn’t have permissions in the country,...
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