-The Financial Express As per the fresh proposal, citizens were also required to pay a service charge on all Cash transactions above Rs 2 lakh. In a bid to curb black money as well as to limit the number and amount of Cash transactions, the government has come out with some new rules and prohibited some types of Cash payments. It may be recalled that the government had in March this year...
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Govt mulling 2% relief on GST for digital payments -Pankaj Doval
-The Times of India NEW DELHI: You may soon need to shell out less if you pay digitally. The government is looking at giving a 2% incentive over the applicable GST tax rate in case of digital payments where the bill is up to Rs 2,000, in a move aimed at discouraging Cash payments. According to sources, the proposal - which may give the benefit in the form of a discount or...
More »Poor rate of Basmati reduces cultivating area to half -Anju Agnihotri Chaba
-The Indian Express Plunged from 8.61 L hectares in 2014 to 4.5 L hectares this year Jalandhar: THE POOR rate of Basmati (fine quality aromatic rice) which Punjab farmers have been getting for the past few years has resulted in reduced acreage and, in the past four years, the area of cultivation has decreased to nearly half under the crop. Scientists say that due to decrease in Basmati cultivation, the area under...
More »Rural Distress: A farmer- and banker-friendly alternative to agricultural loan waivers -Sher Singh Sangwan
-The Indian Express The failure of populist rural credit schemes stems primarily from poor understanding of farm indebtedness in the first place. From the 1970s, a lot of private investment in tube-well irrigation, farm mechanisation and allied agricultural activities took place with bank credit support. After the establishment of National Bank for Agriculture and Rural Development (NABARD) in 1982, institutional credit flows not only accelerated, but also exhibited diversification to fund livestock...
More »Progress, one girl at a time -Shiv Sahay Singh & Indrani Dutta
-The Hindu Why did the West Bengal girls’ welfare scheme win the UN Public Service Award this year? In 2014, Rehana (name changed), a 15-year old from a school in West Bengal’s Sunderbans region, was rescued from a red light area in Delhi. The Class IX student had been ensnared by traffickers who then sold her off in Kolkata. After being brought back, the local administration and a non-governmental organisation (NGO) re-enrolled...
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